Roswell’s Fiscal Fitness

The City of Roswell has some thrifty habits, the City’s expenditure budget for the 2008 fiscal year was $66.2 million, but it only had expenditures totaling $61.5 million.  In a report presented by the Strategic Planning and Budget director to the City Council on October 20th, revenues for the fiscal year were $62.4 million.  Roswell, whose fiscal year ends on October 1st, has almost $900,000 more funds than what was spent. 

On this same night, City Council members approved the carryover of $927,732 in unspent funds from 2008 to 2009, including almost $100,000 to complete a list of ‘quick fix’ transportation projects, $350,000 in contingency for grant matches and $361,667 in operating contingency.  Approval was also given to add $194,390 to the 2009 budget.

In a separate financial item, the Council gave the go-ahead to increase the rental rates for the city-owned Cultural Arts Center.  Commercial entities will now be charged $800/day, a $200 increase.  For civic groups, daily rentals will go from $400 to $600, and hourly fees will increase from $45/hour to $60/hour.

Roswell also under spent on their 2007 budget.  The City of Roswell’s continuous thrifty habits is how they’ve earned a Triple A bond rating.