This year’s budget is based on a number of revenue streams which do not include any property taxes, City Manager Robbie Rokovitz said.
Those revenue streams range from franchise taxes to municipal court fees, the budget document shows.
“While it may be the city manager’s responsibility to present an annual budget to the mayor and council, the puzzle pieces that were strategically put together over several months to formulate a fiscally responsible and balanced budget took a team effort which included the governing body and city staff,” Rokovitz said..
The 2015 fiscal year begins July 1 and ends June 30, 2015. After the council last week conducted its second of two public hearings, it unanimously adopted the budget document which included a general fund below the current year’s total of $3.5 million.
In addition to the general fund, the city also has established other funds to generate revenue to pay for short and long-term operational initiatives, he said.
The total of all other funds other than the general fund is $2.7 million. The combined total of revenue for all funds including the general fund, other financing sources, special revenue funds, capital projects fund and enterprise fund is $6.2 million, which is the cost of all governmental services.
The 3 percent cost of living allowance increase is for all employees except the mayor and council members, city manager and employees hired within the last six months, Rokovitz said.
“We will remain conscientious in our efforts to monitor and manage expenditures and capture the projected revenues so that the city can rely less and less on reserves to fund operations and, instead, invest those dollars in capital projects our governing body and citizens desire,” he said.
For copies of the fiscal 2015 budget, contact city hall at (770) 943-3726 or visit https://ted.cviog.uga.edu/financial-documents/index.php?q=docs in July.