The Opelika City Council approved its budget for the upcoming year during its last scheduled meeting of fiscal year 2012 on Tuesday evening.
The FY 2013 budget, which goes into effect Oct. 1, calls for a balanced general fund of $45,255,699. The general fund is the city’s main operating fund.
Opelika’s total revenues are budgeted at $111,796,977, while total expenditures are expected to be $134,136,244. The city’s total expenditures are greater than its revenues by a little more than $22 million because of capital expenditures to build a fiber-optic network throughout Opelika.
The fiber-optic network will be used to offer the city’s telecommunications service, which voters approved in August 2010. City leaders expect the project to break even after four or five years and then begin earning profits.
Most general fund revenues are expected to increase compared to the FY 2012 budget.
The council also approved a supplemental agreement with the Alabama Department of Transportation to reflect additional state funding for the Frederick Road widening project.
The project was awarded an additional $1.8 million in May from the Alabama Transportation Rehabilitation and Improvement Program.
ATRIP funding comes from federal bonds issued through the Grant Anticipation Revenue Vehicles program, or GARVEE. The GARVEE bonds allow Alabama to have access to future federal funding now.
When announcing the ATRIP program earlier this year, Gov. Robert Bentley said the GARVEE bonds would allow the state to complete various road projects without raising taxes.
In other business, the council:
» Awarded the city’s 2013 street resurfacing contract, which is worth $1,079,961, to East Alabama Paving Co. Inc.;
» Awarded a contract worth $39.99 per month to Verizon Wireless for wireless broadband services to be provided for the Opelika Police Department;
» Voted to move a total of $43,650 in the council members’ respective discretionary accounts to the reserve fund;
» Approved a $5,000 special appropriation to the Opelika Chamber of Commerce to assist with its Lee County Young Leaders initiative;
» Voted to increase a purchase order to Southern Contractors by $5,311.80 for the Shannon Court realignment project;
» Voted to increase a purchase order to Robins & Morton by $58,360.50 for the Opelika Power Services facilities project;
» Approved an agreement with Cash Bond Online LLC to provide online cash bond processing services for Opelika Municipal Court;
» Approved a resolution purchasing additional IP addresses from Charter Business Fiber for an extra $200 per month;
» Voted to increase a purchase order to Southern Contractors by $4,500 to build a connecting street between Fox Run Avenue and Douglas Street;
» Voted to increase a purchase order to East Alabama Paving Co. Inc. by $7,620.46 for the city’s 2012 street resurfacing contract;
» Approved a one-year agreement with Aclara Technologies worth $6,885 for maintenance to the city’s automated meter reading system;
» Approved an agreement with the Electric Power Board of Chattanooga for consulting services related to the city’s fiber-optic network;
» Approved an agreement with Williamson & Associates Inc. to perform a water-tightness and durability review of the architectural documents for the new Opelika Power Services facilities;
» Approved a membership application to the National Cable Television Cooperative Inc.; and
» Voted to carry forward $28,000 budgeted in FY 2012 to FY 2013 for the purchase of a 15-passenger van for Opelika Parks and Recreation.
» To see Opelika’s fiscal year 2013 budget, visit bit.ly/OpelikaFY13Budget.