The preliminary 2012-13 budget, which would go into effect July 1, includes about $10.58 million in total revenue and $10.53 million in expenses in the general fund — with a $57,750 surplus.
“The city is in good financial shape,” Finance Director Jim Bonamy said of the budget.
Just over $5 million in general fund reserves is proposed to be on hand at the end of the city's 2012-13 fiscal year.
“You have got a nice reserve in the fund balance of the general fund," Bonamy said to City Council members. "You have got 'wiggle room.' Likewise, you can hold those reserves for issues that can come down the pike in the coming years.”
Major expenses in the general fund budget include $3.7 million for public safety, $2.4 million for public works and $2.3 million for general government.
While public safety makes up the largest expenditure in the general fund, Bonamy said its size compared to communities similar to Grand Haven is small. Grand Haven’s public safety spending made up about 36 percent of the expenses in the general fund, and Bonamy noted that the average is 55 to 60 percent.
“One of my greatest prides about the city is the community has a liberal desire for quality of life, but a conservative use of resources,” Bonamy said.
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