The proposed Fiscal Year 2015 budget for the city of Toccoa does not include any proposed changes in the city’s millage rate or utility rates.
City officials presented the proposed budget for the city’s next fiscal year at Tuesday’s commission meeting.
The city’s proposed budget totals about $29.79 million in its combined operating funds of the general fund, water/wastewater fund, natural gas fund, and solid waste fund.
That is about $664,000 more than is budgeted for those four operating funds combined this current fiscal year.
The largest increase is about $560,000 in the general fund.
Toccoa Finance Director Cathy Loudermilk said that increase ties to two things in particular.
“That represents the pool project that is part of the operating funds and pay increases for employees for the upcoming year,” said Loudermilk.
City Manager Billy Morse said the proposed increase in salaries is not across the board, but is instead tied to a pay study that the city has been working to implement for the past couple of years.
Morse went on to say that each department head will receive a sum of money to use for increasing salaries to help further implement that pay study.
Meanwhile, the city’s overall proposed budget for Fiscal Year 2015, which includes the operating funds, renewal and extension funds, and special revenue funds, like SPLOST, comes in at $33.91 million.
That is up $1.68 million from the current budget.
Loudermilk said that the addition of $1 million in SPLOST revenue is responsible for most of that increase, along with the creation of a general fund reserve account and the increases she detailed in the operating funds.
A first public hearing on the proposed Fiscal Year 2015 budget was held following the presentation of the proposed budget.
Nobody spoke during that hearing.
A second reading of the city’s proposed Fiscal Year 2015 budget is set for next Tuesday, May 20, with a vote on the budget expected after that second reading.