The Renaissance/Grant Department fund is budgeted to increase by $500 for a projected balance of $1,520 at the end of the fiscal year. The Dickinson-Greer House was renovated through a grant in the fund that is now closed and the city has put the property up for sale.

The Municipal Road Aid Fund is budgeted for $228,000 in revenue and $302,741 in expenditures in the new budget, leaving a projected carryover balance of $35,931. Road and sidewalk projects will be completed from this fund. The ending balance in 2008 was $178,958 and estimated at $110,672 for the June 30, 2009, budget end.

The fund for the Myrtle Street project will be closed in the current budget and will carry a $0 balance.

The Kentucky Revolving Loan Fund that the city uses to loan businesses and industry money to create new jobs is budgeted for revenues of $7,200 and expenses of $300,000 leaving a projected balance of $640,574 down from $933,374 from the previous budget and down $1.4 million in the 2007-08 budget.

The KLEFPF Fund is used for supplemental hazardous duty pay for police and fire personnel and allows $3,100 per employee. This fund remains relatively stable from year to year with $327,583 in revenue, $325,759 in expenses and a balance of $33,803 projected in the new budget.

The Glasgow Economic Development Loan Fund is also used to grant loans to businesses and industries. Projected revenue is $83,334, expense, $300,000, with a balance of $743,278.

Municipal Cemetery and Perpetual Upkeep funds are estimated to have revenues of $125,000 and $5,000 respectively; expenditures of $233,565 and $3,000; and balances of $17,297 and $597,931.

The Sanitation and Landfill Fund has projected revenue of $2.78 million, down from $3 million the previous year; expenses of $3.49 million down from $3.87 million; and a balance of $3 million down from $3.73 million. The city has just opened a new cell in the landfill, the mayor reported.

The Closure/Post Closure Fund, which was created to fund the closing of the present landfill site when it reaches full capacity, will increase by $320,000 to just less than $4 million.

As much as has already been cut from the budget, the mayor is still talking about more reductions. City revenue is down by more than $1 million due to the loss of payroll and sales taxes from jobs being lost and businesses having decreased profits. Property devaluation also means less money coming into the city’s coffers from property taxes.

“For us to keep our heads above water for next year’s budget, there’ll probably be some more trimmings,” Pickett said.

He is requiring monthly meetings with department heads looking for ways to save money.

The council passed a resolution Monday night authorizing department heads to generate surplus property lists and to sell any surplus they can.

“The finance committee is going to start meeting with every department head on a monthly basis ... and we’ll probably see even some more cuts because we’re doing to trim it down. We’re going to ask the department heads if they’ve got something there, is it an absolute necessity. Do we have to have this or can make out (without it). We’re still going to continue to tighten down even though we passed the budget tonight,” Pickett said.

“That starts with my department on down. We’ll probably trim a little more, because we’ve got to and of course,” he said, “I think if we don’t lose any more revenue that we’ve got we can be good for another year, maybe, but we’ll just have to wait and see. Those predictions – we see it in our gasoline ­– we thought we were doing better for a while, but now it’s gone back up, so that’s put a hurt back on our budget again.”