By Jeff Noble / Staff Writer
With the days counting down before the current fiscal year ends, the Corbin City Commission approved the second reading of the city’s budget for the 2013-14 Fiscal Year during a special meeting Friday morning.
The vote was unanimous, with Mayor Willard McBurney and Commissioners Joe Shelton and Ed Tye voting in favor. Commissioners Bruce Hodge and Suzie Razmus were unable to attend the session, held at Corbin City Hall.
The new budget shows listed resources available and total appropriations coming up to $9,294,254. The total consists of resources and appropriations in the city’s General Fund, Arena Fund, Municipal Aid Fund and the LGEA (Local Government Economic Assistance) Fund.
The new budget’s total of nearly $9.3 million is an increase of $355,192 over the current budget of $8,838,062. It shows an increase of nearly $836,000 in the General Fund from the year before, but shows decreases in three other funds. The biggest decrease from 2013 is in the Arena Fund, which is nearly $1.8 million less. In addition, the Municipal Aid Fund budget for the new year is exactly $85,000 less than a year ago, while the LGEA Fund shows a decrease of $81,750 for 2013-14.
The new budget’s first reading was approved Monday. A third reading is expected to be held later this month. The new fiscal year begins July 1.
The commission also approved the low bids for cell phone, paving, landfill, stone and property, liability and worker’s compensation insurance services for the city during the session. Under the recommendations of City Manager Marlon Sams, the cell phone bid went to Verizon, with a bid of $3,320.59 a month. Elmo Greer and Sons got the bid for paving, at a price of $74 per ton, and a total price of $82,954.
Advanced Disposal of Irvine received the landfill bid, at $26.50 per ton delivered to the landfill and $35.50 per ton picked up at the city transfer station. The stone bid went to Hanson over Hinkle Contracting.
On Monday, bids for cell phone, paving. landfill and stone services were put under advisement during the commission’s regular monthly meeting.
The property, liability and worker’s compensation insurance for the city will be provided by two Kentucky companies.
The Kentucky League of Cities got the bid to provide property and liability insurance. The municipal organization is based in Lexington, and provides insurance, financial, consulting, and information to Corbin and over 375 other cities across the state.
The bid to provide workers’ compensation insurance went to KEMI (Kentucky Employers Mutual Insurance). Also based in Lexington, KEMI is a mutual insurance company owned by its policyholders, and is the largest provider of workers’ compensation insurance in the state.