The City of Tallulah will hold a public meeting Thursday at 5:30 p.m. at Tallulah City Hall to discuss amendments to the current FY 2023 budget and the proposed FY 2024 budget.
“The public is invited to come out and join in the conversation as we discuss amendments to our current budget as well as our upcoming FY 2024 budget,” Tallulah Mayor Charles Finlayson said. “For those who would like to review the budget prior to the meeting, you can visit our website at www.cityoftallulah.org to see both the amendments and the proposed budgets in their entirety.”
Finlayson said the city is amending the current budget to reflect expenses that were not in the original budget, adding the amendments are for a vehicle that was totaled during this fiscal year, as well as the settlement of a long-standing litigation matter.
City documents show combined amendments total $60,000.
“The financial strength of the city is really good right now,” Finlayson said. “I think my team has done a great job of watching where and how we spend public funds. The benefit of that hard work is that we are no longer a fiscally distressed municipality. We have definitely improved financially from where we were.”
The city’s projected FY 2024 General Fund budget shows revenues of $3,296,490 million and expenses budgeted at $3,277,250. The projected FY 2024 Water Budget shows projected revenues of $2,003,300 and projected expenditures of $1,903,210. The proposed FY Sewer Budget had projected revenues of $804,000 and projected expenditures of $1,047,000.
