City Finances - Where does the $$ come
The audit for the
year ended 6/20/04 is finally complete. It will be discussed at the
special called Council meeting next Tuesday (9/20) at 7:00pm. We
are interested in what the findings are for this audit period.
Here’s some other City finances we want you to keep in mind:
Jim Marshall has
requested $500,000 for the City through the Transportation Dept.
This grant will require $100,000 matching funds (20%).
Where’s it going to come from?
reports that the City wants to enter into an agreement to find
water with the JCWSA. The estimated cost would be $2.2 million.
A grant application has been sent to USDA (Stone Workman) for
$500,000. That leaves $1.7 million—the City will need to come
up with half--$850,000. Where’s this money going to come
The City is
requesting a $750,000 loan from MEAG to upgrade the utility
system. In order to pay this back, will the City increase utility
At the August 9
meeting, Mr. King informed the Council that the new police car had
been in service for 45 days and something needed to be done about
the funding. The minutes state, “GMA could NOT fund it for the
City’s 2003 and 2004 preliminary figures were not good.”
McIntosh would give the City a “floating loan.” How much is the
want $100,000 of SPLOST money for recreation. Can we afford to
trust them with more money when they can’t account for the
Funderburg Park money they received in the past?
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