MANAGEMENT’S DISCUSSION AND ANALYSIS

Governmental Fund Balance

At the end of the fiscal year 2018, the combined ending fund balances for the City’s Governmental Funds were $12,449,287. Of the total fund balance, $11,948,810 is available as working capital for current spending in accordance with the purposes of the specific funds. The remainder of the fund balance, $500,477, is not available for new spending because it is considered nonspendable (pre-paid items and inventory).

The General Fund’s fund balance for the fiscal year ended 2018 was $4,798,621, which indicates a decrease in fund balance over the previous year by $1,908,057. The decrease in the General Fund’s fund balance is due to $80,000 being used to fund shortfalls in general government activities, $726,000 to cover 12 new firefighters and one new police officer, $325,000 to fund the purchase of land for the DDA, $140,000 to fund the City’s portion of two TE projects, and $637,000 for the purchase of land for the new City Hall Project. The new SPLOST 2017 fund collected $4,096,234 more in revenues than we spent in expenditures in 2018 Information provided in Table 4 is from the Governmental Funds Balance Sheet on pages 17 and 18

*Formerly referred to as the SPLOST Fund.

Proprietary Net Position

At the end of the fiscal year 2018, the combined net position of the City’s Proprietary Funds were $13,991,853. The most significant event that took place in the Water and Sewer Funds was the increase of supplies and contracted services and the increase in revenue collections.