City Of Douglas Approves 2014-'15 Fiscal-Year Budget; Revenues Projected At $2,674,502
The Douglas City Council Monday night approved the municipality’s $2.6 million 2014-2015 fiscal year budget.
The budget was approved as news arrived that Douglas City Treasurer and Finance Director Robert Drexler has received the Certificate of Achievement award from the Government Finance Officers Association (GFOA) for the second consecutive year.
“We are so proud of Bob!” said Douglas City Clerk Jeanie Neve. The award “is the highest form of recognition in the area of governmental accounting and financial reporting and its attainment represents a significant accomplishment by a government and its management,” according to the GFOA office of Chicago.
“The CAFR (comprehensive annual financial report) has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive ‘spirit of full disclosure’ to clearly communicate its financial story and motivate potential users and user groups to read the CAFR,” stated a GFOA memo.
The budget approval Monday follows a public hearing on it held two weeks ago on June 2.
As it has done the last 10 years since switching from being a village to a city, Douglas will keep its operating millage at 13.08 and not raise property taxes.
Property taxes account for the largest source of the city’s revenue, constituting 63 percent of the general fund revenue.
That, together with other miscellaneous sources of revenue - the State of Michigan shared revenue (currently reduced as the state grapples to balance its budget), street funds from the Michigan Department of Transportation, and city service charges (e.g., business licenses, planning fees), and so on -brings the projected revenues to $2,674,502.
Projected expenditures come in at $2,672,050 with public safety and general government costs being the biggest expenses.
Despite no increase to the millage, city officials said they are dedicated to providing the same level of service or improve on them.
“I think we have a very good budget,” said Douglas City Manager Bill LeFevere.
A copy of the City of Douglas’ annual budget, which begins July 1st and ends June 30th, is available to residents at city hall or can be viewed on the city’s website: ci.douglas.mi.us.