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3/12/2011 10:30:35 AM
 
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Section 5: OPA Board Subject: Slots - More Good News Msg# 778649
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A properly done budget should include all sources of income and all costs. Impact funds are just another source, albeit with some limitations on how it can be spent. A budget is.... well ... a budget, and any budget is, by definition, no more than a projection of income and expenses. Budgets are also based on a number of underlying assumptions. It is often the assumptions that are the subject of debate and disagreement. |
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For reference, the above message is a reply to a message where: Joe: If our budget was done correctly, and zero based, then an outside revenue increase would be exactly that, an excess. Although that excess, slot impact money would not actually reduce the properly done and in place budget, it would certainly carry over to the next budget and thus reduce its required assessment by an amount equal to that impact money. Marty |
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