Prattsville's Volunteer Fire Department fund is running a $16,063.84 deficit through the first half of 2026, according to financial reports the city council is set to review tonight at its monthly meeting.
The deficit is driven primarily by a loan payment made early in the year while revenue has. so far, come in well below budget.
The town’s midpoint January to December fiscal year shows year-to-date revenue of $14,980.74 against an annual budget of $73,600, about 20 percent of the year's projected income, according to the fund’s Statement of Revenue and Expenditures sent in an email to the Fire in preparation for Monday’s meeting.
Fire Fee Income, the fund's largest budgeted revenue line, shows $14,837.50 against a $28,000 annual budget.
On the expense side, a $16,640.64 bank loan payment made in the first quarter already exceeds the fund's entire $16,622 annual budget line for loan payments, put down as 100.1 percent of budget.
The first half of the year total expenses reached $31,044.58 against a $68,622 annual budget.
Despite the midyear shortfall, the fund's balance sheet shows healthy overall reserves.
As of June 30, the fund held $82,590.78 in its checking account and reported total assets of $657,847.17. Most ofthe assets are in fire apparatus and equipment. The fund's ending fund balance stood at $659,757.98.
Fixed assets on the books include a 2023 Kenworth T-480 valued at $230,040, a Self-Contained Breathing Apparatus system valued at $103,692.80, and an Arctic 6000 PSI air compressor valued at $56,831.82, along with several trucks, a Kubota side-by-side utility vehicle and other equipment.
The report is among five quarterly fund statements covering the Fire, General, Street, Water and Community Center funds that the Prattsville council will review tonight.
Also on the council's agenda is a proposal to purchase an ice machine for $1,450, split evenly between the Fire and General funds at $725 each.
The General Fund is running its own year-to-date deficit of $15,833.21, according to its own Q2 statement.
On Monday night’s agenda:
Old Business
Review minutes from July 6
Legislative Audit is still outstanding
Ordinance 2026-2 was signed in support of the city's Waterworks Customer Contract
Submitting the city's Asset Management Plan brought it into compliance with the U.S. Department of Agriculture and completed its last rate-study requirement
New Business
Review quarterly financial reports
Council member Bodie found an ice machine for $1,450, to be split $725 General Fund and $725 Fire Fund
Request permission to autopay the city's PO Box annually using the city's credit card
Water Loss Report
City employee Thomas Fuell has completed one year with the city this month; his contract calls for an annual review at this time