Snellville officials announced recently the city’s General Fund balance now totals $7.97 million, up more than $2 million over last year. These funds may be used for general operating purposes.
“We are very fortunate to have had a strong year financially in fiscal year 2017 throughout city government,” said City Manager Butch Sanders. “We have added substantially to our fund balance and that’s a testament to our department directors and employees.”
Last year the General Fund had a balance of $5.48 million.
The increased surplus is the result of combined tax revenues exceeding the budget by $257,599, building permits up almost $800,000 over forecast, and sale of unneeded and unused city property adding over $250,000.
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