PUBLISHED IN THE CLAREMORE DAILY PROGRESS, CLAREMORE, OKLAHOMA, JUNE 1 & 8, 2014.
NOTICE OF A PUBLIC HEARING ON THE PROPOSED BUDGET FOR THE TOWN OF FOYIL, FOR THE FISCAL YEAR 2014-2015 WILL BE HELD ON Thursday, June 12, 2014 at 6:00 p.m. in the TOWN HALL MEETING ROOM LOCATED AT 3RD & ANDY PAYNE Street, in Foyil, Oklahoma.
Any person may appear and present to the Board of Trustees comments, recommendations or information on any part of the proposed budget. Interested residents of the Town of Foyil are direct to the Budget Summary Message published herewith as required by law.
s/ Barbara Lyda
TOWN OF FOYIL
P.O. Box 309
Foyil, Oklahoma 74031
To the Mayor, Members of the Town Council, and the Citizens of Foyil, Oklahoma
The budget for the Town of Foyil for the fiscal year 2014-2015 has been prepared for your consideration and approval. The proposed budget is a balanced budget prepared in accordance with the Oklahoma Municipal Budget Act in Title 11 of the Oklahoma Statutes. The budget was formulated with a conservative approach to anticipated revenues and expenditures and should allow for the future growth while maintaining a balanced budget.
The combined total of all funds is set at $46,308. This represents a slight decrease from last year’s total in the amount of $46,500. This year we have budgeted funds to reformat our financial statements to confirm to GASB 34 state requirements. This proposed budget includes moderate to large increases in the cost of liability, property insurance and workman’s compensation insurance. The budget also includes moderate increases for repairs, maintenance, furnishing and/or equipment needed, and for utility rate increases.
The Town Council and the residents of Foyil will be furnished regular financial updates to monitor our financial progress during the new fiscal year.
s/ Barbara Lyda