MANAGEMENT’S DISCUSSION AND ANALYSIS

This information was taken from the Statement of Activities on pages 14 and 15.

TABLE 3 – Governmental and Business Type Activities

Governmental Fund Balance

At the end of the FY 2021, the combined ending fund balances for the City’s Governmental Funds were $20,873,169. Of the total fund balance, $20,499,511 is available as working capital for current spending in accordance with the purposes of the specific funds. The remainder of the fund balance, $378,658, is not available for new spending because it is considered non-spendable (pre-paid items and inventory).

The General Fund’s fund balance for the fiscal year ended 2021 was $8,275,592, which indicates an increase in fund balance over the previous year by $308,582. Total revenues decreased by $370,568. Total expenses increased by $185,177. The increase consisted of a reduction of roughly $138,000 in general government expenses, and a reduction of $541,000 in public safety and an increase of $489,000 in housing and development, and an increase of $350,000 in debt service payments. The Special Purpose Local Option Sales Tax (“SPLOST”) 2017 fund spent $1,240,096 more in expenses than we collected in revenues in 2021, due mainly to purchasing equipment for the wastewater plant upgrade. The Capital Projects 2 Fund’s fund balance decreased by $15,350,544 for the FY 2021, which was mainly due to the spending revenue bond proceeds collected in FY 2020 on the new City Hall and City Park project. The Building Fund’s fund balance decreased by $503.499 for the FY 2021, which was mainly due to increased capital outlay on construction projects. Information provided in Table 4 is from the Governmental Funds Balance Sheet on pages 16 and 17.