Council moves to align budget, remove annexation data
Marvin’s 2011-2012 budget reflected two different financial plans, one with a successful annexation and one without. The budget documents show the differing revenues and expected outlays the village had committed to provide had the annexation taken place. Gina Fisher, the Village Financial Officer made recommendations to the board, outlining budget amendments involving Powell Bill Fund transfers, line item reductions in the capital projects fund and to adopt a revised singular budget that does not include the annexation budget data.
“I recommending that since the annexation issue is off the table,” Fisher said, “if would be a good finance decision to amend your budget back to the ‘without annexation’ numbers, which is what you’ve been looking at all year.”
Last November, Marvin’s intended annexation of more than 1500 properties was defeated in a first of it’s kind petition-drive, when 84 percent of property owners rejected the annexation.
Fisher’s January treasury report indicated that the Village has a $1.381 million fund balance and $167,786 in outstanding contracts.
Council considers new Powel Bill application
The Village staff is recommending that the Council consider making an application for the NC DOT road maintenance program, typically referred to as the Powell Bill. The state allocates funding by population and road miles. Administrator Lisa Thompson estimated in a report to Council, that village could realize annual revenue of approximately $80,000.
To meet the requirements, Marvin would have to be responsible for the road maintenance for a section of road inside the city limits, though according to Thompson’s recommendation, road size or length is not specified. Staff has identified 3 cul-de-sacs within the Marvin Creek subdivision, one of which would satisfy the application.
Currently Marvin has $373,881 in Powell Bill funds, accumulated in recent years, before the state changed the requirements, making Marvin ineligible for the program.
Marvin: One of the Best Places to live in North Carolina
The Marvin council and staff took great pride in the recent designation as the number 1 place to live in North Carolina according to an article in a recent Yahoo Voices online magazine. The ranking was based on median income, level of residents with Bachelor degrees or higher and the property crime rate per 1000 residents. Weddington, Waxhaw and Wesley Chapel were rated in the Top 20, Weddington came in second.
“Also online is a national survey,” Openshaw said,”of the top 100 hundred communities nationwide, where Marvin is listed number 55.” q