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Wapello Forced to Use Reserve Funds

Posted: Saturday, November 19th, 2011 at 6:24 am
Author: KCII News - Brad Gaspelin

The City of Wapello heard its Financial Report for the 2011 fiscal year. The city was forced to dip into its reserve funds due to lower revenues and work on the city’s storm sewers that took place throughout the year. The ending balance of the budget was reduced by more than $350,000 dollars because of the revenue shortages. Mike Delzell, Public Works Director for Wapello, says that shouldn’t be a problem for the city for next year. The Council held its meeting on Thursday last week. The next meeting will be Thursday, December 1st.