At the same time, the regional planning agency expects that its fund balance will rise to $654,519 for the coming fiscal year that starts on Oct. 1, up from $527,982 for the current year.
Revenues will mostly come from transportation grants of $945,150, membership dues that will total $352,000 and environmental grants worth $125,000. Interest income for the coming year is expected to drop dramatically, though, from $30,000 to $7,500.
GVMC Executive Director Jerry Felix said membership fees for the 32 members will remain at 27 cents per capita for FY03, the rate it has been since 1994. But he added an increase might be necessary in the future.
“Let’s see what we can do to avoid that,” said Grand Rapids Mayor John Logie.
“It’s better to alert everybody that we should have everyone take a look at this,” said GVMC Chairman and Grandville Mayor Jim Buck.
The budget for the Regional Geographic Information System, a division of the Metro Council better known as REGIS, will remain at $1.57 million.
In addition to approving the budgets, council members also re-elected Buck as chairman for another year and named Cindy Heinbeck of Alpine Township as vice-chairwoman. She replaces Byron Township Supervisor Larry Silvernail at the position.
Grand Rapids City Manager Kurt Kimball and retired BDO Seidman Partner Cy Moore retained their posts as secretary and treasurer, respectively.
Mick McGraw and Doyle Hayes were reappointed to the council as at-large members. McGraw is president of Eastbrook Builders, while Hayes is president and CEO of Pyper Products Corp. of Battle Creek.