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Financial Conditions General Fund balance is expected to remain approximately the same as 06 LOST revenues were lower than 06 Collected property tax will.

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Presentation on theme: "Financial Conditions General Fund balance is expected to remain approximately the same as 06 LOST revenues were lower than 06 Collected property tax will."— Presentation transcript:

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2 Financial Conditions General Fund balance is expected to remain approximately the same as 06 LOST revenues were lower than 06 Collected property tax will be somewhat higher than budgeted Department expenditures were below or near budget for 07 with the exception of Transit & Golf. Both required an additional transfer from the General Fund.

3 Fund Balances

4 General Fund - Revenues

5 General Fund - Expenditures Note: Intergovernmental includes expenditures such as payments to Records Retention, Coosa Valley RDC, Planning Commission, Economic Development activities, Animal Control,and to Floyd County for tax collection services Community Development, South Rome Redevelopment and Public Information Coordinator were added to this category beginning in 2005

6 Budget Analysis

7 General Fund –10-Year Dollar Increase = +38.9% –10-Year Average Annual Increase = +3.6% Water & Sewer –10-Year Dollar Increase = +93% –10-Year Average Annual Increase = +7.31% Board of Education –10-Year Dollar Increase = +62% –10-Year Average Annual Increase = +5.1%

8 Schedule of Tax Assessments

9 Schedule of Tax Assessments (contd) 2007 Homestead Freeze of 38,659,604 = 3.5% of digest Last 10-years average increase = 4.4% *Total digest includes new construction plus reassessments.

10 Schedule of Millage Rates

11 LOST Sales Tax History

12 Cost of Health Coverage Per Employee

13 Pension Contributions

14 Water & Sewer Department

15 Water Plant Demands

16 Finished Water Production

17 Water & Sewer System Rates

18 Water & Waste Water Projects for 2007

19 Blacks Bluff WWTP SCADA is the acronym for System Control and Data Acquisition, & this integrated software system enables plant operations to both monitor and control the various treatment processes.

20 Armuchee Sewer Trunk Line

21 Bruce Hamler Water Filter Plant

22 West Rome Water Tank

23 Public Services

24 Riverside Parkway

25 Riverside Parkway & Broad Street Intersection This portion of the Riverside Parkway project was funded by the City.

26 Turner McCall Blvd. & N. Broad St. Turn Lane

27 Sidewalk Improvements New Sidewalks –1,730 linear feet –11 curb ramps with ADA Indicators –$48,500 Contracted Rehabilitation of Existing Sidewalks –2,520 linear feet –9 curb ramps with ADA Indicators –$64,700 by City Crews Streetscape Upgrades –1,150 linear feet –3 curb ramps with ADA Indicators Total Expenditures 2007 YTD –$113,200 –5,400 linear feet (1.02 miles)

28 Martha Berry Hwy. Railroad Improvements

29 Pedestrian Bridge

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31 Completion of Dixon Landing

32 Garden Lakes, October Coordinated by Keep Rome- Floyd Beautiful Joint effort of City & County departments: Public Works, Street, Police, Fire, Building Inspection, EMA, CERT, Animal Control, RFPRA, & Tree Board

33 South Rome Youth Center Construction

34 Dilapidated Structures

35 New City Website

36 New CVB Website

37 New GIS Website

38 New City Logo Comprehensive Plan Crime Line 211 Info Line BID 150 th Anniversary of Myrtle Hill 85 th Anniversary of RSO Creation of dedicated Municipal Arborist position Additional Achievements

39 Future Projects & Issues

40 Town Green, Riverfront Plaza, & Parking Deck – Design Phase

41 Construction documents will be ready February 29. Once received, project will go out to bid. Construction should begin by early May. 4-month construction schedule with additional set-up time for exhibit installation and occupancy.

42 SRRC Corridor Adding Left turn lanes Signal improvements Adding pedestrian scaled lighting Sidewalk widening and street tree plantings Retaining wall repairs Partial utility pole relocation

43 Remaining SPLOST Projects Upgrade the Second Avenue levee gates and relocate the Heritage Park access point - $1.955 million Add a right turn lane on Turner McCall Boulevard at North Fifth Avenue - $550,000 Build a secondary access road at the rear of the Rome High and Middle school complex - $2.9 million Add right turn lanes on Shorter Avenue and Redmond Circle at their intersection - $1.47 million

44 Remaining SPLOST Projects Contd. Fire safety package: Build a new training facility for the Rome Fire Department, upgrade three old stations - $910,000 Widen the Etowah River bridge on Turner McCall Boulevard - $2 million from SPLOST (Total $4.86 million) City Hall/Carnegie Building exterior repairs - $1.5 million

45 Recreation SPLOST Projects Build 12 new tennis courts - $600,000 Renovate the city-owned U.S. Marine Corps Armory as a recreation headquarters and sports center - $1.6 million North Rome Swim Center improvements - $530,000 Practice field improvements at 17 sites around the county - $850,000

46 Other Projects & Issues

47 GE Property Development

48 Additional Projects & Issues 411 Overlay Treehouse Project Chatillion Road Connector Celanese Drive Red Light Camera Myrtle Hill Mausoleum Public Safety Communications Network Use of Video Surveillance in Public Spaces New Etowah River Water Intake

49 Community Events Georgia State Womens Bowling Tournament (every weekend in March) River Days Festival – April British Motor Car Day at Berry – May 17 5 th Annual Rome International Film Festival – September 4-7 NWGA Air & Car Show September Heritage Holidays & Chiaha Harvest Fair - October NAIA National Football Championship Game – December 20 8 Different Tennis Tournaments Basketball & Softball State & District Tournaments Collegiate Soccer Showcase - December

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