The Eatonville Town Council passed the first readings of two ordinances related to the town’s budget at its Nov. 28 regular meeting.
The council unanimously passed an ordinance amending the 2022 budget. According to the ordinance, the budgeted ending balance for this year was $6,701,715.02, with an estimated amended ending balance of $6,314,224.86.
That translates into an ending balance $387,290.16 less than planned.
The council also passed an ordinance adopting the budget for 2023.
Per the ordinance, the estimated beginning balance for next year is $8,260,549.90, with estimated revenues of $13,591,920.01. Estimated appropriations/expenditures for the 2023 budget are $14,968,790.81, with an estimated ending fund balance of $6,883,679.10.
Both ordinances will get a second reading at the Eatonville Town Council’s Dec. 11 meeting.
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