OFFICIAL MINUTES OF THE OXFORD MAYOR AND COUNCIL MEETING
PUBLIC BUDGET HEARING
MONDAY, MAY 18, 2020 – 6:00 PM
VIA TELECONFERENCE
PRESENT: David Eady, Mayor; Councilmembers: Jim Windham,
Jeff Wearing, Lynn Bohanan, Laura McCanless, Avis Williams. Not present: George
Holt.
Staff members present: City Manager Matt Pepper, City Clerk/Treasurer
Marcia Brooks, Utility Superintendent Jody Reid, Police Chief Dave Harvey
OTHERS PRESENT: Laura Gafnea – Oxford College
The hearing was called to order at 6:00 PM by the Hon. David
Eady, Mayor
City Manager Matt Pepper shared a presentation on the FY2021 Operating and
Capital Budget for the City of Oxford.
He reviewed the budget calendar.
The city typically receives the tax digest from Newton County in early
July. The timing of the receipt of the
tax digest presents a challenge to the city for revenue planning. The contents of the tax digest will determine
the remaining dates in the budget calendar, depending on whether the rollback
rate is adopted by the City of Oxford.
Georgia state law requires adoption of a balanced budget by
the Mayor and Council each year. The
City of Oxford’s fiscal year is July 1st – June 30th each year. The proposed Operating Budget for Fiscal Year
2021 is $4.4 million. The city’s
financial records are audited each year by an independent auditor to verify the
city’s compliance with Governmental Accounting Standards Board (GASB)
requirements and state laws.
Mr. Pepper provided details of how the city’s Operating Budget
supports the various day-to-day functions of the city. He also presented information on the proposed
Fiscal Year 2021 Capital Budget, including the projects expected to start in
Fiscal Year 2021.
Mayor Eady opened the floor to questions/comments from the
audience. None were raised.
Jim Windham made a motion to adjourn the public
hearing. Avis Williams seconded the
motion. The motion passed unanimously
(6/0).
Respectfully Submitted,
Marcia Brooks
City Clerk/Treasurer