The Euharlee City Council unanimously approved its 2019 fiscal year budget, officially adopting the roughly $2.6 million financial plan following a second public reading of the proposal Tuesday night.
"The proposed budget is a balanced budget without utilizing any accumulated or reserve fund balance," said Euharlee City Manager James Stephens. "This is the first time in five years that the budget is constructed in that manner."
The budget allocates $1,977,900 to the city's general fund budget, representing a slight uptick from 2018's $1,808,494 FY budget. It includes a 3 percent cost of living raise for city staff.
Administrative costs make up $309,723.81 of the 2019 FY general fund budget, with police expenditures tabbed at $792,165.03. Public works have $191,416.25 set aside, with recreation expenses set at $242,255.69, museum expenditures at $63,609.85 and municipal court services expenditures at $69,019.43.
Regarding revenue sources, the 2019 FY budget anticipates local option sales tax generating $875,000 for the city, insurance premium taxes adding another $310,000 and property taxes providing an additional $155,000.
The budget also includes $615,000 dedicated to Euharlee's SPLOST fund. "As the council knows, through the early part of 2020, those monies are predominantly dedicated for debt service on the [Urban Redevelopment Agency] funds," Stephens said.
An extra $16,000 is allotted to the city's InfoTech fund, with another $7,100 set aside for a special Euharlee Police Department budget.
Whereas the 2018 FY budget included no capital expenditures, the 2019 iteration includes $72,000 worth of anticipated expenses.
"We've got a list of capital items, and we will bring those before the council prior to purchase, even though they're incorporated by total in this budget," Stephens said.
The 2019 fiscal year begins Jan. 1 and runs through Dec. 31.
The city passed a resolution mandating annual budgets must maintain the city's reserve funds at a minimum of four months. Stephens said that not only does the 2019 budget meet that requirement, it "accommodates that with a couple of weeks even better" than the resolution stipulates.
"Based on unaudited projections for 2018, we should end the year with approximately $715,000 in unreserved fund balance, which equates to four and a half months," he said, "and based on this budget, we should end 2019 at that same level."