Town of Mammoth Lakes expects budget surplus

FOR IMMEDIATE RELEASE

Town Announces Results of Mid-Year Budget Review for Fiscal Year 2012-13, including Anticipated Savings in the General Fund

mammothtownofficesTown of Mammoth Lakes, CA – April 2, 2013 – (Press Release – Stuart Brown)

The Town of Mammoth Lakes released today the results of a mid-year financial review for the current fiscal year, which will end on June 30, 2013.

The Town’s analysis shows an anticipated General Fund surplus of nearly $1 million by year-end, all due to unexpected one-time events, such as:

1. Return of $350,000 in MLLA-related legal retainers. 2. Savings of over $300,000 in the Police Department, due to early officer

departures in the current fiscal year. 3. Higher Gas Tax revenue from the State, coupled with lower road expenses.

The Town is pleased that its financial health continues to improve, particularly in light of the recent draconian cuts to the budget, following a settlement with MLLA.

“The improving fiscal landscape of the Town is certainly a reflection of the financial discipline instituted by our leaders and implemented by our staff,” said Town Manager Marianna Marysheva-Martinez.

The Town will discuss the mid-year financial review at the 5:00pm meeting on Wednesday, April 3, 2013, in the Town Council Chambers (Suite Z in the Minaret Mall). Included with the Town’s mid-year report is information pertaining to the next fiscal year planning, including: (a) introduction of budget principles and budget priorities for Fiscal Year 2013-14; and (b) a proposed schedule of meetings for the Fiscal Year 2013-14 budget.

 

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5 Responses to Town of Mammoth Lakes expects budget surplus

  1. Inquiring Minds April 3, 2013 at 3:38 am #

    Really , I think that is a farce. Some of that returned retainer came from another account in the first place.

    We decimated the town staff. This is only temporary.

    Just think how well off we’d be if we never played the shenanigans with the airport , gateway …?

     
  2. ferdinand lopez April 3, 2013 at 10:01 am #

    financial discipline? tell that to m.l.p.d.

     
  3. Slight of hand trick April 3, 2013 at 11:39 am #

    MMM to Mammoth Lakes Town Council: “The Town Manager does not need an assistant.”
    Results – The Town Council dumps Wilbrecht and promotes MMM as Town Manager. And now it is …
    MMM to Mammoth Lakes Town Council: “I need an assistant. Let’s call him/her Director of Economic Development and pay him/her a quarter of a million dollars a year.”

    Very clever maneuver, MMM.

     
  4. Mark April 3, 2013 at 12:31 pm #

    From the brink of bankruptcy to a budget surplus in a matter of months.

    hmm……..

     
    • SierraFan April 4, 2013 at 9:36 am #

      This what happens when you tighten your belts! If the pants are too tight then you need to lose weight…ie cut the fat out! MMM was hired to do the dirty work and has done a pretty good job in a tough situation. This town needed the truth told and she did it so good for her.

       

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