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The town council of Riverside estimated revenues for 2020 to be $733,353 from property taxes...

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Accounting

The town council of Riverside estimated revenues for 2020 to be $733,353 from property taxes and $176,647 from business licenses. The appropriations budget from the council was as follows: General government $ 399,000 Parks and recreation 118,000 Sanitation 98,000 Streets and sidewalks 168,000 In April, heavy spring rains caused some flooding near the river. As a result, a picnic area at Rivers Edge Park was ruined and several damaged shops had to shut down. The council adopted an upward revision of $58,000 for the parks and recreation budget and reduced the estimated revenues from business licenses by $38,000. The General Fund began the year with a balance of $53,000. During the year, tax

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