By Stephanie Johns
Members of the Madison City Council heard about the city’s May financials from Finance Officer Karen Guinn during a work session held immediately following their special called meeting last Friday.
For July 2012 through May of this year the city had more than $3.6 million in its general fund revenue and spent more than $3.9 million, creating a deficiency of more than $313,000.
Revenue for the Water & Sewer Fund for that same period stood at more than $3 million while total water and wastewater expenses stood at more than $2.1 million. In all, the city took in more than $991,000.
The total Gas Fund revenue for the fiscal year to date stood at more than $2 million while expenses stood at more than $1.6 million, creating an excess of more than $428,000.
Total Sanitation Fund revenue, also from July 2012 through May 2013, stood at more than $567,000 while expenses for the fund stood at almost $451,000, creating an excess of $115,000-plus.