The Sandy Springs City Council on May 6 held the second of two budget workshops looking at a potential Fiscal Year 2015 budget.
City Manager John McDonough told the council that projected revenue for 2015 is $83,129,280, up from $80,357,120 in 2014. Projected general fund expenditures for 2015 are $90,185,932, up .93 percent from $89,350,913 in 2014. To balance the budget, a general fund balance from 2014 of $7,056,652 will carry over into the 2015 budget. The council also set aside $20.5 million for a reserve fund.
City council members had ranked potential capital projects for 2015, with sidewalk programs, intersection improvements, Abernathy/Johnson Ferry roadway improvements and a traffic management center coming in as the top four, respectively.
The budget process will continue May 20 when city staff present a proposed budget to the council. A public hearing and budget discussion will follow on June 3, with a final public hearing and city council vote scheduled to take place June 17.
This article was updated to include information about the general fund balance from 2014.