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Fiscal year audit shows

City is again in excellent financial shape

At the Jan. 20 Council Meeting, the City Council approved the audit for the fiscal year ending June 30, 2014.   The audit which was performed by Hochschild, Bloom & Company LLC. showed that the City of Black Jack was again in excellent financial shape. Some Audit Highlights:

   • Total Revenue for the Fiscal Year was $2,910,119

• Total Expenditures for the Fiscal Year was 2,302,159
• The Cities fund balance as of July 1st was $4,380,478
• General Fund revenues were $72,432 above the budge
• General Fund expenditures were $111,684 or 5% below budgeted expenditures.

Black Jack has not imposed a Real or Personal Property Tax on residents or businesses that is used to fund General Revenues. The city property tax rate for street bonds 2014 was 49-cent per $100 of assessed valuation. The Black Jack has a low voter approved 3% Utility Tax on electric, gas and water service.

A new section on the audit this year is a summary of the fines and court costs that are collected in municipal court for traffic violations. The amount collected this year was 5.79% which is well below the 30% allowed.

Mayor Norman McCourt said “I am pleased to report to the residents I serve, that the audit shows in a positive way that due to our continuing efforts, we are in excellent financial shape”.

A copy of the full audit is posted on the City of Black Jack web site at www.cityofblackjack.com.

City of Black Jack Enters into Contract To Develop a Plan for the Future

As the City of Black Jack enters into its 45th year as an incorporated municipality, city officials are taking the necessary steps to maintain the momentum that it has have been able to build over the past several decades. As 2015 starts, the city has entered into a contract with Streiler Planning, LLC to develop a plan for the future development of the city. The previous master plan was produced in 1997.

The development process will start in March and take about a year to complete and will include a review of the potential development for the city. It will look into previous and current projects and attempt to develop a plan for the future. The plan will be developed from data defined by the residents of the City. Residents will be asked to participate in the process and to define what they would like the City to look like in the next 10-20 years

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