NOMA - The final budget and millage rate for fiscal year 2017-2018 was approved when Noma Town Council met in regular session October 2.
The town’s general fund has been set at $52,312 and the millage rate at 1.0.
The largest revenue stream for Noma comes from State of Florida revenue sharing at $15,440. The largest expenditure come from salaries for town employees at $14,400. With the low millage rate, the town stands to collect only $1,200 in ad valorem taxes.
Water and sewage has a tentative budget of $115,840 with the two largest expenditures being electricity and chemical supplies at $15,000 each. Customer payments totaling $68,880 make up the largest revenue stream.
In a resolution for a grant from Northwest Florida Water Management District, the council accepted the lowest bid from L&K Contracting for a water meter replacement project. The $36,500 was awarded pending approval of finalized plans for the project.
In other business, Town Attorney Owen Powell proposed naming the park in the town after long-time Mayor Buddy Skipper. In a unanimous vote- minus Skipper- the council approved the measure.
Noma Town Council will meet again in regular session at 6 p.m. on November 7.