Ada council members will see a 2020 village financial summary when it meets on Feb. 2.
It will show that while the village general fund revenue fund was budgeted at $2,098,563, the actual 2020 revenue exceeded that thanks for funding to the village from the Federal CARES Act.
According to Patty Navin, village fiscal officer, the CARES Act funds were distributed into several funds. These included the general fund, swimming pool fund, public works fund, health and welfare fund and the Ada-Liberty Township ambulance fund.
The 2020 budgeted expenses were $2,154,970, and the actual expenses were lower, at $2,006,661.
The village has $53,500 remaining from the CARES Act funds. On Jan. 19 council approved spending some of that money including $40,434.87 for new radios for the police department, $1,000 for JB Networks for additional installation and equipment needs for the fiber optic installation, and $700 for Radio Hospital for radio repairs.
In this week’s meeting, one of the anticipated actions is that council will waive its 3 percent annual percentage salary increase due to the financial insecurity arising from the covid-19 pandemic.
Click here to view the entire Feb. 2 council packet.
