Saturday, June 20, 2009

Council receives proposed Capital Outlay for 2010

The Wellington Governing Body received the proposed "Capital Outlay" for the 2010 budget year to begin studying the requested expenditures.

"Capital Outlay" items are non-routine expenditures such as police cars, fire trucks, tractors, etc.

"Capital Improvement" items, on the other hand, are items costing more than $25,000 with a life expectancy of at least 15 years. These items include new buildings, recreational facility upgrades, streets, water and sewer lines, long term vehicles, etc.

Discussion of the 2010 Budget begins on June 30.

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