Preliminary budget set for Sycamore
SYCAMORE – The preliminary fiscal 2014 budget for the city of Sycamore was discussed by the Sycamore Finance Committee on Wednesday before it voted unanimously to present it to the City Council on April 1.
The balanced budget consists of nearly $62 million in spending within all the city’s funds, which is similar to last year. The budget projects $13,884,958 in general fund expenditures and $13,885,915 in revenues.
At the start of the fiscal year May 1, the projected starting fund balance, or general fund operating reserve, will be a little more than $4 million, which is about 29 percent of the fiscal 2014 general fund expenditures.
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