MANAGEMENT’S DISCUSSION AND ANALYSIS

General Fund Budgeting Highlights

 The City’s budget is prepared according to Georgia law. The most significant budget fund is the General Fund.

 For the General Fund, the actual revenues of $12,623,937 were less than the final budgeted amount of $12,881,932 by $257,995.

 The actual expenditures of $12,160,037 were less than the final budgeted amount of $13,685,432 by $1,525,395. This difference was primarily due to less capital outlay than expected during the current year.

 The original budget had to be increased by $824,500 due to the change in revenues. Sales taxes were originally budgeted as $3,183,607 with actual revenues of $3,627,566 for a total increase of $443,959; other taxes were originally budgeted as $4,001,315 with actual revenues of $4,241,517 for a total increase of $240,202; intergovernmental revenues were originally budgeted as $243,130 with actual revenues of $399,837 for an increase of $156,707; and fines and forfeitures were originally budgeted as $1,050,000 with actual revenues of $853,628 for a decrease of $196,372.

Capital Assets and Debt Administration

At the end of fiscal year 2017, the City had $103,215,852 invested in capital assets, which is an increase over fiscal year 2016 of $1,544,679. Table 5 shows fiscal years 2017 and 2016 balances of the Capital Assets, Net of Accumulated Depreciation as presented in Note 7.