Warren year-end fiscal review
A 2017 financial year-end review shows that Warren’s general fund collected $26,609,948.10 in 2017, up from $24,823,795.88 in 2016. Total general fund expenses equaled $25,670,827.31, up from $24,726,934.35 in 2016. The first six months of the fiscal year saw a monthly revenue average of $2.15 million and a second-half monthly average of $2.27 million. This was an annual monthly average of $2.21 million.
With a 2016 balance of $228,747 and a 2017 end-of-year balance of $939,120, Warren will begin the new year with an unexpended balance of $1,167,867. This includes the $558,000 promised to Warren taxpayers to retain the newly hired firefighters, once the two-year S.A.F.E.R. grant expires.
On Dec. 27, Warren City Council passed a 2018 balanced budget as prepared by the finance department and presented by the mayor. This budget includes funding for full staffing of police officers and firefighters along with an additional $500,000 for street resurfacing to complement the other sources of revenue for such projects.
The year 2017 saw the hiring of six new police officers, 20 new firefighters and the following street resurfacing projects: Tod Avenue, Atlantic, Estabrook, Orlo, Commerce, Sussex, Westview, Kenilworth, Sunset, Country Club, Hawthorne, Harrison, Logan, Front, Ford, Prospect and Enterprise Drive, along with the beginning of the greatly anticipated Youngstown Road Project.
It is an honor to serve as Warren’s auditor and I wish everyone living and doing business in our great city a happy and prosperous new year as we begin the 2018 fiscal cycle.
VINCENT S. FLASK