FERRIDAY — Even if the Town of Ferriday were to take a hammer to its piggybank, the money the board of aldermen needs to pay its bills wouldn’t fall out.

That is why the board voted to adopt an ordinance to apply for a $100,000 emergency funding bond to be paid out over six months to Concordia Bank and Trust Company.

Mayor Gene Allen said the funds were absolutely necessary for the town to continue its day-to-day operations.

“Right now, we can’t even afford to operate the town,” Allen said. “We need that money to pay our bills.”

The bond, which must first be approved by the State Bond Commission, can be used to pay current expenses or can be used for anticipated payments in the future.

And since several months of the town’s finances are unavailable because of an incomplete audit, Allen said the funding is necessary for bills the town is unable to anticipate.

The town’s budget for the 2012-2013 fiscal year was also adopted Tuesday.

With the actual finances for 2011 not available for comparison because of the audit, Allen stressed that the budget could be amended as those figures come to light.

“We have not been able to find the records for April, May or June, so this is an estimated budget,” Allen said. “In order for us to continue to do business and receive funds from the state, we’re going to have to pass this budget.

“If the necessity arises, we have the opportunity to amend the budget as we go.”

The town’s proposed 2012-2013 budget lists $3.1 million in total expenditures.

The budget for 2011-2012 lists $3 million in total expenditures.

The 2011 actual finances, that were not available during the proposed budget drafting, will become available Friday after the audit is complete, Allen said.