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City Ends Year with $500,000 Surplus

Cranston ended the last fiscal year with a $500,000 surplus, according to figures from a draft audit by the city's auditor.

The surplus is the result of a higher than expected tax collection rate and "prudent expenditures and successful coordination between the city and schools," according to a release.

"Our workforce, many of whom are Cranston residents, stand beside me in our efforts to be fiscally responsible with every dollar that comes in to the City, and the numbers we saw tonight reflect our success in achieving a level of responsibility worthy of the people we serve every day." said Cranston Mayor Allan W. Fung.

Fung tipped his hat to Finance Director Bob Strom for "careful oversight of the budget throughout the year" and city employees being "mindful of finances while doing their jobs as best as possible."

Additionally, the school department had its own surplus and was able to make a payment towards its debt reduction plan with the city. Fung said he is thankful of the school department being "mindful of the challenging economic times" and noted Strom has taken a "more proactive role in oversight of monies that are transferred to the school department."

"We have worked hard to foster a productive relationship with our School Department, and that cooperation is benefiting all residents of Cranston," Fung said.

Along with a tax collection rate that beat the 98.4 percent forecast, revenues in the City Clerks office were up, too. The office made more recordings and issued more licenses than expected to start the budget year.

"The goal when establishing a budget is to ensure that we have enough funds to provide the services that people deserve and to weather any unexpected crises without having overtaxed our citizens," Fung said. "Consequently, the ideal situation is a budget that results in a moderate surplus, and that is exactly what we have."

nicole fine December 05, 2013 at 08:16 AM
I hope they put some of the money into snow plow removal and street maintenance!
Bob December 05, 2013 at 09:09 AM
Yeah right Nicloe, Fung is running for Governor, His focus will be on running a campaign as we pay him mind you... to run the City.
Becca December 05, 2013 at 09:55 AM
@ Bob, if you or I were to run for office we'd have to take a LOA from our job & NOT get paid however the "politicians" don't why is that? @Nicole I agree add it to the SNOW PLOW budget since they are always short $$$ & they streets usually are NOT done properly!
Bob December 05, 2013 at 11:27 AM
Becca, Quite simply it's because they think they are holier than thou....another reason why we suck !!!!!!
Cranston resident December 06, 2013 at 01:48 AM
I guess the mayor should be a psychic and know how much snow will fall every year.. They estimate the budget, and if it's short they do take from other areas.. Obviously they ran under budget in certain areas (due to smart planning) and now the City has a surplus. The taxpayers have not seen a tax increase in several years NOR have they seen a reduction in services. So instead of complaining, maybe you should credit the Mayor and his staff for doing a good job.. Finally we have someone in office that does the job he is supposed to, and there are still morons insulting him. And why should he take a leave or "LOA" as stated above?? Running for office is not a full time job. I don't see a reason to complain if the Mayor wants to put double the hours in and still run our city. I support him and thank him for a job well done and thank him for being honest. Unlike the council and other politicians, he does the right things. If we had more Allan Fung's in public office, maybe this state wouldn't be in the toilet. I thank the Mayor and wish him luck!
Steven r December 06, 2013 at 07:11 AM
The current Mayor is great, but the people who are complaining, will die complaining about everything, because that is what they are used to doing. You cannot stop them complaining, it is their nature.
Rebel Pilot January 07, 2014 at 11:17 AM
Becca, you forgot to add one thing. If you and Bob were to run for office, you most likely wouldn't win. That is why you sit here, and comment & complain constantly about everything here, yet do nothing to change it. If you're not part of the solution, you're part of the problem!

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