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Fulton County Board of Commissioners Approves Final Budget | Print |

At its January 19 meeting, the Fulton County Board of Commissioners (BOC) approved the FY2011 General Fund Final Budget.

The BOC affirmed its commitment to Fulton County citizens and, for the fifth year in a row, did not raise the millage rate. The Board of Commissioners was also able to approve a 2% cost of living raise for Fulton County employees who earn $40,000 or less. 

The cost of living raise will affect approximately one-third of County staff or 2,277 employees. The raise would take effect on June 22, 2011.

Fulton County also maintained its strong financial position in 2010, ending the year with a fund balance of $50 million. The current General Fund reserve meets the 8.33% minimum reserves required by Board of Commissioners’ policy.

During the meeting, the Board of Commissioners also allocated $ 62.1 million for funding for Grady Hospital. The funding is contingent upon full compliance with the Grady MOU with Fulton County. They also voted to increase library funding by $300,000 specifically for the GED Program.

Fulton was able to allocate these funds based on cost saving realized with FY 2010 budget. In total, Fulton County Government’s 2010 total General Fund expenditures of $548 million were $39.8 million less than the budgeted $588.5 million.  By comparison, 2010 actual expenditures were $41 million less than the 2005 actual expenditures of $589.5 million, and were the lowest since 2001, when expenditures were $536 million.

The County’s 2010 revenues exceeded the projections by $75 million, due to conservative tax revenue projections at the beginning of the year. Countywide tax collection rates for 2010 were approximately 98%.  Most homeowners experienced a tax reduction on the Fulton County portion of their property tax bill in 2010, due to lower property assessments.

 
 

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