City Comptroller Joe Bellitto (standing) reviews the final numbers of the 2016 fiscal year with the Jamestown City Council during the March 20, 2017 meeting.
JAMESTOWN – City officials received some good news on Monday night with a report from the city comptroller that showed the Jamestown finished 2016 with a slight surplus.
During Monday’s Jamestown City Council Work Session, Comptroller Joe Bellitto presented his year-end financial summary report for the $35.37 million, 2016 budget, saying the final, unaudited numbers show that the city’s revenues exceeded expenditures by nearly $100,000.
More specifically, Bellitto said the surplus came out to be $96,637 – and was largely due to the city’s healthcare costs for employees being under budget by nearly $550,000, along with an additional boost in state aid for road repairs by more than $200,000.
Jamestown Mayor Sam Teresi said the surplus was due in part to the hard work of his staff and city employees, who worked to stay within the spending parameters of the budget. However, he also acknowledged that the city was also very lucky – with the healthcare costs not being nearly as high as they had been in past years.
He also said that officials and residents need to continue to hope for good luck in 2017. Specifically, they should hope for an on-time state budget that includes $1 million in aid for Jamestown that was pledged by the governor; along with a good economy to help improve sales tax and investment numbers; and he also said they should continue to hope for good health.
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