Star Valley Revenue Drops, But Reserves Remain

Town of Star Valley

Town of Star Valley Photo by Andy Towle. |

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Within minutes of seating Ronnie McDaniel as the new mayor on May 7, the Star Valley Town Council turned its attention to building a budget.

Last year, the council directed staff to maintain a $2.6 million fund reserve at the end of 2012-2013. Town Manager Tim Grier and Finance Administrator Chancy Nutt Tuesday told the council the town will have a $2,618,000 reserve at the end of the fiscal year June 30, 2013.

It costs about $56,200 a month to operate the town, said Grier. That will leave about $674,400 for projects the council selects for community improvement.

Grier also offered the council some cautions:

• Revenue from the photo enforcement traffic tickets will most likely continue to decline. The tickets for the first quarter of 2013 brought in $198,359 in fines, but netted only $68,127 after paying its expenses. In the same period for 2012, the town collected $229,589 in fines and netted $99,501.

• Staff costs will likely go up if a current employee resigns and the town hires a replacement.

• If the council approves any street improvements in the proposed master plan, the work will prove costly.

• The town probably won’t get any more grants to improve the water system for the next two years, which means additional work will come from town funds, Grier said.

The council has several weeks before it must adopt a final budget.

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