The annual budget for the City of Magee was finalized and approved for the next fiscal year on Tuesday.
According to Mayor Dale Berry, the city now has a cash reserve of $806,000. The budget for the new budget year is $7,093,036 compared to the current budget of $7,689,093.
The city approved a 3 percent increase for all city employees. According to Berry, this excluded the elected officials which includes the mayor and Board of Aldermen. Part of the budget includes a new Tahoe for the mayor, which he said he did not favor.
In addition, it includes a new tractor and bush hog, lawn mover and steel rake for parks and recreation, two new pitching mounds for parks and recreation, $220,000 to be transferred to the road department for paving and $35,000 being transferred to parks and recreation department for the building of a basketball court in Washington Park.
The city is budgeting the following revenues: $2.2 million from the state with a total of $4.8 million in general fund revenues.
Expenditures by department include: General Government $426k, general government city clerk $347k, municipal court $119k, public property $299k, public utilities $25k, police $1.684k, fire department $233k, street department $453k, health and building $70k, parks and recreation $352k, library $58k. garage $118k and special projects $478k. This makes a total of $4.818 million for the general fund budget.
Other budgeted expenditures include: police seizures $32k, recreation construction $92k, street bonds $262k, water bonds $229k, splash pad $8k, airport $80k, street bonds $221k, recreation tax bond $619k, water and sewer bond $656k and garbage fund $275k.
The city has budgeted for $2.075 million in sales tax colllections. General fund revenues are $3,207,000. Ad valorum taxes are $804,752 and cash balance is $806,302 for a total of $4,818,054 for the new budget.
Millage rate for the upcoming year will be 26 mills with 22 being for general revenue and four being for street improvement bonds. A mill is valued at $36,966.
