The City Budget Season is upon us. It is hard to comprehend that over one year ago, Mr. Hedden partner of the Umbaugh & Associates, CPA group suggested that our City institute a “Spending Plan” The Winnecke Administration never presented from July of 2014 to now any specifics on that recommended “Spending Plan”. we were supplied a tweet from the Mayors Chief of Staff, Steve Scheafer that the “Spending Plan” was the 2016 proposed budget?After reviewing the fiscal year ending June 30. 2015, the operational funds declined by $9 million dollars compared to a decline of $5.9 million dollars for the same period ending June 30, 2014. Obviously, we have had an approximate shortfall issue of $9.0 million dollars which has proven to be the exact amount of overspending deficit the Administration has been recording over the last three years. an average of $9 million of deficient spending in the operational funds.The composite of total spending in the the 2016 budget for the City is $205,000,000 and the revenue estimates are $209,000,000. It appears that City have a surplus under the way. In 2014 the Winnecke Administration estimated that our revenues to be $202,000,000 but we only collected $185,000,000, a collection rate of 92% . In 2013, the estimates were $198,000,000 but we collected only $180,000,000, a collection rate of 91%. History has proven, between 90% to 92% collection rate should be expected. In review of our proposed budget as presented. the actual revenues collected would be approximately $190,000,000 and the expenditures as presented are $205,000,000 a mere $15,000,000 out of balance budget.Mayor Winnecke boosted that he spent $5 million dollars less than what the City Council authorized him to spend in 2014. We should expect him to make the same claim in 2016. Consequently, City Council been patiently waiting for that “Spending Plan” that Mr. Schaefer’s tweeted that stated “it’s in our budget.”Could an alternative “Spending Plan” actually could be a “Revenue Enhancement Plan”? Mr. Lloyd indicated to City Council that “Fees and Licenses” were going to be considered. Could an increase in the County “Income Tax Rate” be up for consideration?What a dreadful notion that Evansville could follows the lead of Ft. Wayne and raise the “County Option Tax Rate”.Based on the above facts, that City Council has much to consider concerning the 2016 City budget.Respectfully Submitted,John E. Friend, CPA5th Ward City Council© 2015 Microsoft Terms Privacy & cookies Developers English (United States)FacebookTwitterCopy LinkEmail
Sunrisers Hyderabad (SRH) are expected to face an uphill task when they take on below par defending champions Mumbai Indians in an Indian Premier League (IPL) tie at the Rajiv Gandhi International Stadium on Monday.Hyderabad suffered a terrible start to their campaign with big losses against Royal Challengers Bangalore and Kolkata Knight Riders. The SRH bowling has been poor so far, suffering a hammering at the hands of Bangalore’s Virat Kohli and AB de Villiers in their first match and were blown away by Kolkata skipper Gautam Gambhir in their second game.The batting has not been exceptional either. Shikhar Dhawan has carried his long run of poor form into the IPL which has put his opening partner David Warner under extra pressure. (Full IPL 2016 coverage )In the middle-order, Moises Henriques and Deepak Hooda have struggled to get going. Apart from Warner, Eoin Morgan is the only other SRH batsman who is in good form, although Naman Ojha has shown some promise lower down the order.Mumbai have also struggled to get going, losing two of their three matches. Their batting has been below par. Hardik Pandya has been a flop show in the number three slot while Rohit Sharma and Parthiv Patel have been promising but inconsistent.Much was expected of Kieron Pollard, but the West Indies allrounder has not been promising with the bat.New Zealand pacer Mitchell McClenaghan has been the stand out performer among the Mumbai bowlers. The left-arm pacer has been extremely incisive and economical so far and could be among the highest wicket-takers this season if he continues his current form.advertisementOff-spinner Harbhajan Singh has not been at his best recently, but has more than enough experience to bounce back. With more bowling options in Tim Southee, Corey Anderson and Pollard, the SRH batsmen can expect a difficult time on Monday.