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Section A: General News


Financial picture improves as Floresville works insolvency plan




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Wilson County News
August 6, 2014 | 4,012 views | 17 comments

It has been more than a year and a half since Patricia K. Wagner delivered the news of Floresville’s financial insolvency. But at the city’s first budget workshop, July 29, the city council learned that continued austerity measures have taken a bite out of Floresville’s deficit.

City Manager Henrietta Turner said following the workshop that the general-fund deficit has shrunk from $244,660 on Oct. 1, 2012, to its current $70,278 level. If the current pace remains, she said Floresville’s deficit could be gone by next year.

“I cannot take credit for all of it,” said Turner, who took the helm in October 2013. “[The council] did a lot of the ground work in setting up the insolvency plan before I got here.”

The next step of the city’s turnaround will be building a 90-day fund-balance reserve, she said. This means Floresville will have enough cash on hand to operate for three months in case of an emergency. Turner said adherence to the zero-based-budgeting stipulation in the plan, by only spending the revenue that comes in, is crucial to reaching that benchmark.

The city council’s second workshop held July 31 dealt with Floresville’s outstanding debt obligations. See related article, on this page.
 

Your Opinions and Comments

 
Mr. Tibbs  
Floresville  
August 12, 2014 10:36am
 
I am sure there will be a candidates forum and when there is the questions posed here should be posed to mr tejeda in that forum. I am sure he would show up. Questions about his statements as to solvency, his apparent misreading ... More ›

 
PRAIRIE GROUCH  
GRAND PRAIRIE TX  
August 12, 2014 9:50am
 
Spectators always call the right plays, :-)

 
Anonymous Resident  
Floresville  
August 12, 2014 8:15am
 
As a dog returns to its vomit, so fools repeat their folly. - Proverbs 26:11 Of them the proverbs are true: "A dog returns to its vomit," and, "A sow that is washed returns to her wallowing in the mud" ... More ›

 
Concerned Tax Payer  
Floresville, Texas  
August 11, 2014 3:39pm
 
Danny Tejada, why don't you come on here and tell us what your agenda is for running for this council seat? What are your plans for our city? What did you not accomplish as mayor that you think you can do on the council? But, ... More ›

 
Chief Noetall  
Wise, Texas  
August 11, 2014 9:38am
 
Tonto say man selling shiny beads not dumb. Those buying beads are dumb. Kemo Sabe.

 
Franklin  
Floresville  
August 11, 2014 8:13am
 
I wasn't born here or raised here, but I really like this town and the people in it. I'm very saddened that the same people with the same stagnant ideas keep running the show. I'll be honest, I wanna run for something in the ... More ›

 
squawk box  
Pandora, Tx  
August 11, 2014 7:36am
 
Fresh ideas ????? How about some old ideas such as l. Pay as you go. 2. Don't buy what you cannot afford. 3. Save for a rainy day. We don't need fresh ideas such as refinancing (adding) debt, making interest payments ... More ›

 
PRAIRIE GROUCH  
GRAND PRAIRIE TX  
August 11, 2014 6:25am
 
The citizens of Floresville merely reflect the 'instant gratification' mentality of the majority. A system which allows a few to disburse assets which they did not earn only aggravates this tendency to spend OPM including ... More ›

 
Jim Lawhon  
Floresville, TX  
August 10, 2014 7:55pm
 
For quite a while I have heard around town and read in the blogs that the only way Floresville will ever get out of its current mess is if we get fresh ideas on the City Council. Being a member of the council has never been easy, ... More ›

 
Pork Chop  
Pandora  
August 10, 2014 1:56pm
 
You must be new around here Franklin. Welcome to Flo-Town a/k/a Goofy Town. Pat McCurdy wrote a song about it. Come on, sing along with me: I live in Goofy Town with all the idiots And we don't have a clue, but we're ... More ›

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Section A: General News Archives


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