The Sad State of our Town Financials

Even in one’s own budget, you place in the certain income you will be receiving and the expenses which you will incur and most people stick to a budget.  This gives you an income and expense statement you can work with and only in White Springs does the Expenses far outweigh the actual income, meaning the Town has had to utilize their restrictive Local Option Fuel Taxes of approximately $215,000 in the General Fund (meaning no road work has been done) plus taking some $60,000 out of the Enterprise (Sewer and Water income) Fund.

  

As you can see below our Actual Income without intermingling Grant Funds and using Local Option Fuel Taxes is approximately $269,503 +-.  Our expenses however total $ 578,590.  In most businesses the ratio is 2:1 Income to Expense but in White Springs it is  1:2.15.   It seems that Stacy Tebo should have advised the council long time ago, that if Grants and LOFT funds were NOT intermingled we were  bankrupt as a town.   This was her duty.  And even if you added the $215,000 of estimated LOFT funds to the $269,503 you get income of $484,503 as compared to expenses of $578,590 or a ratio of  1: 1.19; That is why we transfer $60,000 of Enterprise Funds into the General Fund so our ratio looks better at 1:1.06.  This is a bad way of handling funds and I am certain Ms. Tebo has been handling these funds with Tomlinson for the last four years and that is why White Springs is in dire straits.  Even Ken Daniels stated we should not Take money out of the Enterprise Account and we should base our estimated income at 80% when budgeting so that if there is a problem (like not receiving $30,000 from Hamilton County for the Fire Department because we do not have a fire department); we are not short of money.

 

Tebo can’t just spend money as she feels because she is taking us down the crapper and it is not funny.  It will cost the Citizens a huge rate hike if LOFT Funds and Grant Funds are not intermingled as they have been in our budgets.  And while we are at it, people like Councilors Lofton and Brown just praise Tebo for her grants, but this is the deal folks on most grants we have to pay at least 25% and on the Loan for the Wastewater Treatment revitalization which comes out of our Enterprise Account, after we take out some $60,000 out of our Enterprise Fund for the General Fund and have to pay $30,000 plus each year for the next 30 years, you can expect a phenomenal fee thanks to Former Mayor Bullard, Former Mayor Lofton and our Elite Town Manager Stacy Tebo.   Plus now we have to pay over $16,000 for a fire engine per year if we secure the grant.   On all of our budgets we show the exact same amounts for grants income as for expenses, but do not show where we actually have to pay 25% of the Grant amount.  And all Spencer Lofton and his predecessor Bullard could talk about is spending $3,000,000 on SHE which we do not own and the two didn’t seem to understand that if the property is not owned, Those under lease will not make improvements.   A similar scenario is the school board situation whereby we do not own the land and our Grant Writer said that the School board will have to give us a deed for the land so that we can build the Community Center or Park for $600,000.   Where are your minds people????

 

Without utilizing Enterprise funds or including Grant or Loft Funds, this is the state of our finances:

I N C O M E  

 

ASSURED FUNDS NOT INCLUDING LOFT or GRANTS:

$   70,000            Ad Valorem Taxes

$         150            Copies for 119’s

$         125            Faxes

$         200            Notary Fees

$          500           Amphitheater/Community Center Rental

$               0           Building Rental – Old PD Building

$     10,500          Cell Tower Rental

$     27,250          Electricity Franchise Fee

$           625          Local Business Tax

$           400          Mobile Home License

$           125          Beverage License

$             50          LDR Compliance/Signs Permits

$     10,000          Fire Department Agreement with Hamilton County

$       4,500           Police Department Income

$      45,000         Co Infrastructure Tax

$      15,000         Communication Service Tax

$      27,000         State Revenue Sharing

$      21,500         Half Cent Sales Tax

$      32,500         Electric Utility Service Tax

$            770         Ferrell/Hometown Utility Tax

$            500         Suburban Propane Utility Tax

$               60        Amerigas Propane Utility Tax

$             748        Quarterly Fuel Tax Refund                            SUBTOTAL: $267,503     

$     2,000     Special Event Income

$             0     Fire Department Fundraising Events ( in 2016 we had $5,471.82 – Kevin Pittman Chief)

$             0     Fire Department Call Income (in 2016 we had $2,550 –Kevin Pittman Chief)

$  269,503  Total Estimated Income for the General Fund

 

 

E X P E N S E S

ADMINISTRATIVE

$          4,200        Police Car Loan Payment

$        13,012       Elected Official Salaries and FICA

$        58,000       City Manager Salary

$        36,000       Finance/Town Clerk Salary

$        21,500       Admin/Receptionist Salary

$           9,000       FICA

$          5,200        Retirement

$        14,000       Life/Health Insurance

$         15,000      Legal Council

$         11,000      Audit and Accounting

$            3,500      Travel and Training

$            3,700      Town Office Telephones

$                500     Cellular Phones

$                200     Bank Charges

$           500          Postage

$       6,000           Electrical Utilities

$     16,100          General Insurance

$       8,000           Repairs and Maintenance

$       3,250           Office Supplies and Printing

$       2,000           Computer Expense

$       1,000           Advertising Expense

$           300          Fuel

$       1,450           Subscriptions and Memberships

$        7,000          Planning/LDR                     Administrative Subtotal:  $ 240,412

POLICE:

$      35,550         Police Chief Salary

$       30,000        Lead Officer Detective

$       26,000        Officer 1 Salary

$       23,500        Officer 2 Salary

$          1,600        Incentive Pay

$          9,500      FICA

$          3,000        Police Retirement

$        18,000       Health/Life Insurance

$              400       Drug Testing

$          2,000        Travel and Training

$          3,000        Police Telephone

$           2,000       Police Cellular Phones

$           1,350       Police Electric

$         12,000      General Insurance

$           3,600       Repairs and Maintenance-Police

$              500       Radar Calibration

$            1,500      Uniforms

$            8,500      Fuel Police

$            1,200      Air Cards with Contract

$                500     Taser Cartridges

$            1,500      Laptops (3)

$            3,000      Operating Supplies – Police  Subtotal:       $188,200

FIRE DEPARTMENT

$           6,000       Salaries

$              350       Fire Fee

$              450       FICA

$           1,000       Travel and Training

$              500       Cellular Phones

$              900       Telephone Service

$             900        Electric

$          3,000        General Insurance

$          1,000        Fuel

$             150        Reporting Software

$          3,000        Supplies

$           3,000       Personal Protection Equipment

$           7,500       Capital Outlay Repairs and Maintenance   Fire Department Subtotal: $27,750

 

 

 

ROADS/STREETS EXPENSE  (Part of Vaughn’s expense is under sewer and water and we have no idea what the new person cost us at this point who takes the prisoners back and forth) PREVIOUSLY PUBLIC WORKS:

$     40,000          Roads/Streets Salary

$         3,040         Roads/Streets FICA

$            500         Road/Street Rentals

$        3,061          Roads/Streets General Insurance

$         3,000         Vehicle Maintenance

$       50,022        Road/Streets Repairs/ Never happened but we bought a New Pickup Truck and a $60,000 Excavator with Trailer payable $30,000 each year)

 $          3,000        Roads/Streets Operating Supplies

$          3,000        Roads/Streets Fuel

$              500       Uniforms

$          1,000        Roads/Streets Signs

$          2,000        Traffic Barricades    Total Street and Roads  $109,123.

 

 

$  11,105    Special Event Expenses

$    2,000      Recreation Expense Movie Equipment   Total Expense $13,105

 

 

 

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