By Hilary Ingoldsby

MENDON -- A year-end budget report shows that even with large projects completed this year, the city stayed within its means.

"The city stayed within its current year budget in the general fund," City Auditor Steve Misener, CPA said.

Although the city stayed within its budget, cash reserves decreased because the amount of money being spent was greater than the amount of money coming in.

The city budget is categorized into a general fund and water fund. The completion of a major water line from the reservoir to the city and a new storage and maintenance building were the reasons behind the extra water fund spending.

"It was anticipated that their cash outgo in the water fund would be greater than what would be coming in," Misener said.

Construction of a new fire hall caused more money from the general fund to be spent than received. However, because of good planning this years spending and projects do not present any problems to the city, Misener said.

"That expenditure was planned for and expected. They saved money for a number of years so they were ready," Misener said.

According to the budget report cash reserves at the beginning of the fiscal year were at $514,000 and at the end of the year had dropped to $338,000, with a debt of $248,000. The debt, Misener said, is a long-standing one for about a decade's worth of water system improvements that is slowly being paid off. Even with this the city is still not in debt. which is quite an accomplishment.

"They are still in a debt-free position and that's an awfully good position for a city to be in," Misener said, "It's unusual for a city to have more cash than debt."

Misener, who handles the budgets of 12 other cities in Cache County and Box Elder County, says it is rare for a city to complete such big projects and stay out of debt. Misener attributes Mendon's success to planning ahead for projects and saving money for the projects before getting started on them. He believes that over the next few years the city will be able to once again build its cash reserves.

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