Iola City Council members will discuss year-end budget amendments Monday, a necessary step to close the financial books in 2020.
Council members are expected to schedule budget hearings for their Dec. 14 meeting — the last meeting of the year — to discuss changes to the library, industrial and major projects funds.
Council members agreed to fund $350,000 in support of Allen County Regional Hospital this year, $50,000 more than what the city has provided previously. The additional $50,000 came at the county’s request, noting this is the last year the city is being asked to use sales tax revenues to help support the hospital. County voters re-upped a countywide sales tax earlier this year for the hospital.
Meanwhile, the industrial fund was originally set at about $29,000. Since then, the Council approved a number of projects, most notably a $125,000 incentive to Peerless Products, which is opening a plant in Iola soon.
The city also must add about $21,500 to the library fund budget, to $222,119, after originally budgeting $200,695.
Year-end transfers are common, primarily because the budget for 2020 was set in the summer of 2019.
Monday’s meeting will be at the New Community Building at Iola’s Riverside Park at 6 p.m.
