|Although the FY 08 washeteria budget is not balanced, and budgeted expenses exceed budgeted revenues, the City should have adequate reserves to cover the deficit for this fiscal year: those reserves may not be available in coming years.
The City has not had a budget for many years prior and the current budget was collaboratively developed with educated guesses. Currently, the entire city's budget has income exceeding expenses and a budget amendment has been suggested but with other, more pressing priorities, it does not appear that an amendment will be adopted soon. According to the contracted bookkeeper, the washeteria loss is becoming less, although no conclusions as to why have been determined. This is due to, again, not having a budget for many years prior and no data available for a comparison. The contracted bookkeeper provided monthly reports, with a narrative, to the city council.