The Town of Braselton is looking at a proposed $4 million fiscal year budget for 2015 that projects an 11.7 percent increase in revenues and a 7.8 percent hike in spending in its General Fund.
Braselton’s tentative budget was discussed Monday night by the city council.
If all goes according to plan, the city will add a little over $200,000 into its reserves at the end of FY2015, bringing the total reserves to $513,400.
The town’s largest area of spending remains the city police department at $1.35 million, debt service of $527,000, and planning and development expense of $403,200.
Braselton’s largest sources of income are expected to be electric franchise taxes of $570,000, hotel/motel taxes of $438,000, court fines of $425,000 and insurance premium taxes of $403,000.
The figures came from a proposed budget town manager Jennifer Dees presented to the Braselton Town Council on June 5.
“That’s based on our experience of this year,” said Dees. “In mid-May, we had already exceeded our anticipated revenue for 2014.”
WATER AND SEWER FUND
Braselton’s Water and Sewer Fund expects to net $926,000 next year on revenues of $6.4 million. The fund’s largest expense is debt service of $2.02 million, wastewater expense of $1.37 million and water expenses of $1.32 million.