Article Comment 

Two thirds through year, city budget down slightly


Chief Financial Officer Milton Rawle

Chief Financial Officer Milton Rawle



Nathan Gregory



Two thirds of the way through its financial year, the city of Columbus reports nearly $30,000 less in cash balances from its general fund than through this point last year but slightly more than $200,000 in balances from its reserve fund, a total decrease in the balance of $172,010.65. 


That decrease indicates checks written exceeded cash collections for June through May when compared to that same time frame last year. 


Chief Financial Officer Milton Rawle said the fluctuation in the reserve fund is a reflection of the fluctuation in the city's sales tax collection, which is down more than $165,000 from last year. 


General fund balances through nine months total $4,634,169.64 compared to $4,605,451.59 last year. Reserve fund balances equal $1,131,679.79 compared to $1,332,408.49 in the first nine months of the previous fiscal year. Those two categories added up make the total general fund, which reports a balance of $5,765,849.43 compared to $5,937,860.08 last year through the month of May. 


The city reports it has used 91 percent of what it budgeted for ad valorem revenues. It has already more than exhausted its budget for rental cars, spending $34,081.90 when it has budgeted $31,000 for the fiscal year. Another area where the city is already close to spending what it budgeted is for road maintenance. The city has used 90 percent of what it budgeted to maintain roads, with $49,418.64 remaining for the remainder of the fiscal year. 


The Columbus City Council will begin working to balance the city's budget next month.


Nathan Gregory covers city and county government for The Dispatch.



printer friendly version | back to top




Most Viewed News Stories


1. Old Hickory grill man does it for the love COLUMBUS & LOWNDES COUNTY

2. Jeb Bush to attend Egg Bowl STARKVILLE & OKTIBBEHA COUNTY

3. Oktibbeha man dies in weekend wreck STARKVILLE & OKTIBBEHA COUNTY

4. Carleton joins Oxford police force COLUMBUS & LOWNDES COUNTY

5. Vasquez murder: Vasquez's family responds to Martinez's release COLUMBUS & LOWNDES COUNTY


More popular content      Suggest a story



Follow Us:

Follow Us on Facebook

Follow Us on Twitter

Follow Us via Email