So far, so good for Columbia’s financial footing

cleblanc@thestate.comJanuary 15, 2013 

— Half way through the fiscal year, Columbia’s major accounts are doing well, the city’s chief financial officer said Tuesday.

Bill Ellis told City Council that if income and expenses continue to stay as close to budget through June, Columbia will have a good year.

The water and sewer fund is $1 million in the black through December, Ellis said. Collections for utilities are up compared to what was projected half way through the fiscal year that began July 1, Ellis’ figures show.

The $120 million General Fund, which is the city’s primary operating account, has about $194,000 extra, he said. But revenue for the General Fund is uneven — arriving in large spurts when property taxes and other large cash infusions come in, Ellis said.

The parking account, which has lost money in the past two years, is down by $150,000 so far, he said.

Overall, Ellis said, that’s solid financial footing.

The State is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service