The budget estimates an income of $358,000 and matching operating expenses of $358,000. The authority’s income lists two contributions of $155,000 from both Bartow County and Cartersville, as well as a predicted $46,800 in administration fees.
“FY14 will be the 10th year the Bartow County Joint Development Authority has not requested additional operating moneys from the city and county,” said Treasurer Sonny Miller. “Although that may not always be the case, in FY13 more income was received than budgeted. A portion of that can be carried forward into the FY14 budget. The increase in expenses can be offset while keeping the operating contributions of the city and county the same.”
Although the December statement was not yet finished, Cartersville-Bartow County Economic Development Executive Director Melinda Lemmon said her department was able to estimate the total expenses for that month, and predicted the department would come in under budget for 2013.
“I think it’s pretty close to where we’ll wind up, which is about $6,000 under budget, I’m glad to say. This was a bit of a nail-biting year, but I think we’ll wind up in the black about $6,000,” Lemmon said.
The preliminary numbers for 2013 highlighted an increase in administration fee income. The $17,400 originally budgeted was overshot with a 571 percent increase to $99,371. Marketing costs also were down, with the JDA budgeting $36,000, but expending $20,128.
Personnel costs were up to $188,765 overall versus the $185,000 budgeted.
The authority board also discussed a draft of the debt service payment schedule for 2014 with Cartersville Mayor Matt Santini, Assistant City Manager Dan Porta and County Administrator Peter Olson. For January, the JDA will reimburse the city and county $305,000 each for previous debt payments, as well as a planned $178,801.98 reimbursement to Cartersville and $97,510.77 to the county.
Looking ahead to the JDA’s annual meeting in February, Lemmon said she would have a presentation ready to highlight the number of jobs created in Bartow County during 2013.
“That report will include some certain details and certain summary numbers related to 16 projects that have committed to add jobs or capital investment in Bartow County during the last calendar year, 2013. Collectively, those companies have given us some headline numbers of 1,570 new jobs, collectively, and $505,150,000 in new capital investment,” she said.
In other business, the JDA:
• Approved the November 2013 financial report.
• Approved a common area maintenance budget in the amount of $21,600 and separate bank account for the budget.
• Approved a park development budget in the total amount of $30,000.
• Heard updates on the Highland 75 industrial park and economic development department.
The JDA’s next meeting is scheduled for Feb. 18 at noon at the Clarence Brown Conference Center.