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To view the Florissant City Budgets for past years click on the year below.
Florissant's fiscal year runs from December 1 to November 30.
Proposed 2009 Budget and the Backup
Adopted 2008 Budget
November 26, 2007 Bill #8376 was voted on, passed and became Ordinance #7463 (the fiscal 2008 budget). Eight Council members voted for this budget, Lee, Schneider, Schildroth, Sullivan, English, Moran, Hernandez and Schmidt. Only one voted no, McKay.
Adopted 2007 Budget
November 27, 2006 Bill #8273 was voted on, passed and became Ordinance #7359 (the fiscal 2007 budget). Five Council members voted for this budget, Lee, Schneider, Schildroth, Sullivan and Schmidt. Three voted no, Moran, McKay and Hernandez.
Adopted 2006 Budget
November 28, 2005 Bill #8142 was voted on, passed and became Ordinance #7232 (the fiscal 2006 budget). Seven Council members voted for this budget, Schmidt, King, Lee, Schneider, Debo, Schildroth and Sullivan. Two voted no, Moran and McKay.
Adopted 2005 Budget (Click here to see a partial Ward 1 Letter)
November 8, 2004 Bill #7997 was voted on, passed and became Ordinance #7091 (the fiscal 2005 budget). Seven Council members voted for this budget, Schmidt, King, Lee, Schneider, Debo, Moran and Sullivan. Two voted no, McKay and Lubiewski.
Information on "deficit spending"
The city's Director of Finance, Randal McDaniel sent the Mayor a memo dated 9-21-07 subject Budgeting Practices - Deficit Spending or Budgeting. In this memo Mr. McDaniel states that the information we provided above is "patently false and misleading." However, in mid-2004 the City hired and paid a local CPA to review the financial statements of the City of Florissant. In his review dated June 4, 2004 the CPA stated. The City has engaged in deficit spending in the General Fund for the last five years and for the current year-to-date." AND "If the City intends to avoid future deficit spending, it is imperative that serious decisions must be made and immediate actions taken to raise revenues and/or to reduce expenditures." Click here to see the entire review from the CPA.
Per Merriam-Webster deficit is "an excess of expenditure over revenue".
InvestorWords.com defines "deficit spending" as "The amount by which a government, company, or individual's spending exceeds its income over a particular period of time."
Click here to see an excerpt from the textbook Governmental and Nonprofit Accounting Theory and Practice written by Robert J. Freeman, Ph.D., CPA and Craig D. Shoulders, Ph.D., CPA and published by Prentice Hall. This textbook was borrowed for the Florissant Valley Community College academic library which meets the American Library Association standards that have been approved by the Association of College and Research Libraries.