Finance Director Barb Baird delivered her annual report at the regular meeting of the Grand Rapids City Council last week.
For 2015, Baird said that the city had budgeted for $4,849,406 to be collected in taxes and 98.97 percent of that amount had been collected. She added that total collection rate for the year, including delinquent taxes was 99.45 percent.
Baird continued, noting that $343,201 had been collected in license and permit fees. This number was nearly 40 percent higher than the city had budgeted for. Building permits brought in $293,900 and liquor licenses netted another $36,690 for the city.
Charges for services netted $780,592 in revenue or 100 percent of the budgeted number. Baird also said that for intergovernmental revenues the city had generated $2,234,631 or 114 percent of the budgeted total.
Fines and forfeitures brought an additional $92,775 into the city’s coffers. Baird said court fines were at 102 percent of budget and traffic administration fines were at 39 percent of budget.
Baird commented; “For 2016 we have made adjustments for that so it will be more in line with what is actually received.”
An additional $127,311 or 270 percent of the budget was collected for miscellaneous items. The revenue includes $63,512 in unbudgeted grants and contributions as well as $4,347 in insurance recovery money.
Baird concluded her remarks about the revenue side of the budget by saying that the city had brought in a total of $8,436,500 into the general fund which constitutes 103 percent of the budget.
On the expenditure side, Baird said the city had spent $2,304,707 in general government or about 104 percent of the amount budgeted. General government included administration, community development, city council, information technology, city hall, and city-wide.
Baird continued stating that $3,088,561 had been spent on public safety and that the expenditure represented 98 percent of the amount budgeted. Public safety includes police, Grand Itasca Security and fire services.
Public works spent $2,154,103 or 99 percent of their budget. Baird said that Public Works includes fleet maintenance and engineering. A mild winter and lower fuel cost helped Public Works stay within its budget.
Baird rounded out her comments on expenditures noting that Culture and Recreation spent $120,297 or 95 percent of their budget. Baird said that total general fund expenditures were at $7,667,668 in 2015 which represented 100 percent of the budget. Baird added that revenue over expenditures for the year was $350,000.
Baird concluded her remarks by summarizing the city’s financial health. She said the general fund is broken down into five areas which are: Non-spendable, restricted, committed, assigned and unassigned. She said that each of these general fund areas have council-approved minimum balances. The city met all of its requirements for each of the five fund balances. Baird said that the positive cash flow was allowing the city to get closer to the reserves it had enjoyed prior to the recession, and the loss of Local Government Aid.
In other business, the council:
• Awarded a construction contract to Casper Construction in the amount of $298,349 for the Kiesler Wellness Center site work project.
• Approved the purchase of a new field groomer for the Grand Rapids Sports Complex from Absolute Innovations, Inc. for $15,980.
• Approved the verified claims for the period April 19, 2016 to May 2, 2016 in the total amount of $346,484.03.