TCC receives monthly financial report during recent meeting

The Toccoa City Commission met Monday for its regular scheduled meeting.

During the meeting, City Finance Director Becky Bohannon presented the city’s monthly financial report for the month of February.

Bohannon says as of February 28, 2022, the city is 66.64% through the fiscal year.

She says the city’s total cash on hand at the end of February was $10,179,669.

The February 2022 cash balances for operating is $1,835,497, for reserves is $3,673,014, and for SPLOST is $4,671,158.

She says the Local Option Sales Tax for the month is up by 11 percent over February 2021.

Bohannon says the General Fund is slightly down over last year.

She says the Water/Wastewater is similar to last year’s.

The Gas Fund, according to Bohannon, is up over last year’s budget, with the margin coming in at $4,399,665 and the net income before transfers is $1,187,358.

Bohannon says this has been a good year for recycling in solid waste revenue.

With $22,670 in revenue coming from recycling. The total net income for Solid Waste Revenue before transfers is $38,397.

She says overall Lake Toccoa’s fund has been up over the year.

Vice Mayor David Austin said he was glad to see more people recycle.

In summary, with all funds the City of Toccoa had a total net income of $1,968,494.