By AMY GAREIS

News-Herald Staff Writer

CADIZ – The numbers are in for Cadiz’s Fiscal Year 2011 budget, and the prediction was looking relatively good for now.

The village held a budget hearing prior to its regular council session on July 22 to discuss the figures. As of now, projected revenue was $3,296,335 with expenditures eyed at $2,500,147. Council adopted the budget by emergency ordinance but officials said the figures were a best guess in the interim.

“Last year, we weren’t required to have a budget hearing,” explained Village Clerk-Treasurer Amy Ossman. “I went off the 2009 numbers and we have actual expenditures for each fund. It’s only an estimate. I will have better figures through the year.”

Council President Curt Crawshaw noted that it was a preliminary estimate. “You don’t know what you’ll take in. It’s a ballpark figure,” he said.

Meanwhile, officials commented that they received interest in gas drilling on area property. “Kenyon Energy sent a letter to the village and wants to know if we want to lease gas and oil rights to six tracts,” said Crawshaw. He said a title search costs $300 per tract while the company reportedly offered $250 per acre in its lease agreement. Mayor Ken Zitko said he spoke with Village Solicitor Costa Mastros, who recommended the company research it itself. “Costa and I will meet with the company representative,” Zitko added.

Council also:

–Approved a recommendation to purchase a 1999 Crown Victoria for the police department. The $2,000 cost will come from a recent grant the department received through the Fraternal Order of Eagles;

–Learned the Sally Buffalo Park Board approved the sale of the Stack Shack to Karen and Matt Cobb, which follows the same agreement the prior owners signed and runs until March of 2001. Council approved the deal;

–Approved the addition of three new members to the park board, increasing the board’s number to 15. They include Donnie Gilmore, George Christian and Alan Van Curen;

–Heard positive feedback regarding the addition of a park laborer/ranger to patrol Sally Buffalo;

–Approved a request for the Harrison County Youth Soccer League to use council chambers for signups on July 31 from 10 a.m. to noon;

–Scheduled the next regular council meeting on Aug. 5 at 7 p.m.