{"id":37654,"date":"2021-04-20T09:17:34","date_gmt":"2021-04-20T13:17:34","guid":{"rendered":"https:\/\/www.wrfalp.com\/?p=37654"},"modified":"2021-04-20T09:17:34","modified_gmt":"2021-04-20T13:17:34","slug":"state-aid-credited-with-city-of-jamestown-ending-2020-with-surplus","status":"publish","type":"post","link":"https:\/\/www.wrfalp.com\/state-aid-credited-with-city-of-jamestown-ending-2020-with-surplus\/","title":{"rendered":"State Aid Credited with City of Jamestown Ending 2020 with Surplus"},"content":{"rendered":"

\"\"The restoration of State Municipal Aid accounted for why the City of Jamestown ended 2020 with a surplus. City Comptroller Ryan Thompson<\/strong> reported unaudited year end financials to City Council last night. Thompson said revenues were down 1.7-percent but expenditures down 4.3-percent from what was budgeted, leaving the city with a $975,643 surplus,<\/p>\n

“If you recall, the state had withheld 20% of our revenues in 2020 and if you fast forward now to today we’ve actually received 15% of that 20% reduction and we will be also receiving the remaining 5%, so for 2020 we will not have a variance from a state aid perspective in the revenue.”<\/p>\n

Sales tax revenues were up over $310,000, which was a 4.78% increase from what budgeted. And Police and Fire salaries with benefits were over budget by $1.1 million in 2020.<\/p>\n

Thompson said concerns for 2021 include that the city remains at 99.15% of its Constitutional Tax Limit.<\/p>\n

“The OPEB (Other Post-Employment Benefits) <\/b>liability, the GASB-75 Actuarial report which estimates the total healthcare costs is up to $172 million this year. At the end of 2019, it was only at $160 million so it actually increased by $12 million so still a very, very large number there.”<\/p>\n

Thompson added the Police and Fire contracts have expired and all other bargaining unit contracts are up for negotiation this year as well. He said the city has had a surplus for the last 4 years, which is very helpful for the fund balance.<\/p>\n","protected":false},"excerpt":{"rendered":"

The restoration of State Municipal Aid accounted for why the City of Jamestown ended 2020 with a surplus. City Comptroller Ryan Thompson reported unaudited year end financials to City Council last night. Thompson said revenues were down 1.7-percent but expenditures down 4.3-percent from what was budgeted, leaving the city with a $975,643 surplus, “If you […]<\/p>\n","protected":false},"author":22,"featured_media":37643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4],"tags":[9709,7840,10129],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2021\/04\/City-Council-4-19-21.jpg?fit=1276%2C744&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3YlJ4-9Nk","jetpack-related-posts":[{"id":44134,"url":"https:\/\/www.wrfalp.com\/city-of-jamestown-finishes-2021-with-1-7-million-surplus\/","url_meta":{"origin":37654,"position":0},"title":"City of Jamestown Finishes 2021 with $1.7 Million Surplus","author":"WRFA Radio","date":"May 3, 2022","format":false,"excerpt":"The City of Jamestown finished 2021 with a $1.7 million surplus. Comptroller Ryan Thompson presented on year end financials for 2021 to Jamestown City Council members Monday night at their work session. He said budgeted revenues for 2021 were $35,124,000 with budgeted expenditures at $35,560,000 for an anticipated deficit of\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/05\/City-Council-Finance-Ryan-Thompson.jpg?fit=1000%2C750&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/05\/City-Council-Finance-Ryan-Thompson.jpg?fit=1000%2C750&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/05\/City-Council-Finance-Ryan-Thompson.jpg?fit=1000%2C750&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/05\/City-Council-Finance-Ryan-Thompson.jpg?fit=1000%2C750&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":29642,"url":"https:\/\/www.wrfalp.com\/2018-jamestown-city-budget-finishes-with-416000-surplus\/","url_meta":{"origin":37654,"position":1},"title":"2018 Jamestown City Budget Finishes with $416,000 Surplus","author":"WRFA Radio","date":"April 16, 2019","format":false,"excerpt":"JAMESTOWN - The Jamestown City Council received positive news regarding last year's budget, as well as some promising signs for the current fiscal year. City Comptroller Joe Bellitto went over the final numbers for the 2018 city budget and said that Jamestown finished the year with a $416,000 surplus -\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2019\/04\/jamestown-city-council.jpg?fit=1200%2C688&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2019\/04\/jamestown-city-council.jpg?fit=1200%2C688&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2019\/04\/jamestown-city-council.jpg?fit=1200%2C688&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2019\/04\/jamestown-city-council.jpg?fit=1200%2C688&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2019\/04\/jamestown-city-council.jpg?fit=1200%2C688&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":38427,"url":"https:\/\/www.wrfalp.com\/city-council-to-receive-update-on-sales-tax-revenues-parklets-at-work-session\/","url_meta":{"origin":37654,"position":2},"title":"City Council to Receive Update on Sales Tax Revenues, Parklets at Work Session","author":"WRFA Radio","date":"June 7, 2021","format":false,"excerpt":"First Quarter Sales Tax revenue receipts are up for the City of Jamestown. City Comptroller Ryan Thompson will discuss payments received at tonight's City Council work session. In a memo included with the pre-file for the meeting, Thompson said the city has recieved 24-point-5-5-percent of budgeted sales tax revenues for\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2014\/08\/JamestownSeal.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":55684,"url":"https:\/\/www.wrfalp.com\/the-city-of-jamestown-closes-out-2022-with-a-nearly-1-million-surplus\/","url_meta":{"origin":37654,"position":3},"title":"The City of Jamestown Closes Out 2022 With A Nearly $1 Million Surplus","author":"WRFA Radio","date":"November 15, 2023","format":false,"excerpt":"The City of Jamestown closed out 2022 with nearly $1 million in surplus funds. Former Comptroller Joe Bellitto presented the unaudited 2022 year end financial summary to City Council at its work session Monday night. View City of Jamestown 2022 Year End Financial Summary Under revenues, he said that sales\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2023\/11\/Bellitto-City-Council-11-13-23.jpg?fit=1000%2C750&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2023\/11\/Bellitto-City-Council-11-13-23.jpg?fit=1000%2C750&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2023\/11\/Bellitto-City-Council-11-13-23.jpg?fit=1000%2C750&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2023\/11\/Bellitto-City-Council-11-13-23.jpg?fit=1000%2C750&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":42621,"url":"https:\/\/www.wrfalp.com\/jamestown-receives-18-5-more-sales-tax-revenue-than-budgeted-in-2021\/","url_meta":{"origin":37654,"position":4},"title":"Jamestown Receives 18.5% More Sales Tax Revenue than Budgeted in 2021","author":"WRFA Radio","date":"February 14, 2022","format":false,"excerpt":"The City of Jamestown brought in 18.5% more sales tax revenue than had been budgeted in 2021. Comptroller Ryan Thompson will give an update on fourth quarter sales tax payments to City Council tonight. In the report he filed, the fourth quarter payment for 2021 totaled $1,893,274. 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With the city budget now halfway complete, Thompson reported several of the city revenue lines are running well below budget. \"It's\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2014\/08\/JamestownSeal.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/37654"}],"collection":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/comments?post=37654"}],"version-history":[{"count":1,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/37654\/revisions"}],"predecessor-version":[{"id":37656,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/37654\/revisions\/37656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/media\/37643"}],"wp:attachment":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/media?parent=37654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/categories?post=37654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/tags?post=37654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}