Finance of Fitzgerald, GA
The City of Fitzgerald collected $17.37 million in total revenue in 1993. In 1997, the city received $25.24 million, an increase of 45.3%. Total revenue in 1997 equaled $2,810 per capita. The statewide revenue per capita for this same year was $732.
From 1993 to 1997, own source revenues for Fitzgerald rose from $2.83 million to $3.91 million, an increase of 38.1%. Own source revenues are all revenues except intergovernmental revenues and enterprise funds. Per capita own source revenues amounted to $435 in 1997. This compares to a statewide per capita amount of $624.
Property tax revenues amounted to $389,100 in 1993, accounting for 13.7% of the city’s own source revenue. In 1997, property taxes accounted for 13.7% of own source revenue, with $536,500 collected.
Intergovernmental revenue includes money received from the federal government, state government and other local governments. In 1997, Fitzgerald received $351,000 in intergovernmental revenue, which accounted for 1.4% of total revenues. The city received $154,200 from federal sources and $196,800 from the state.
General operating expenditures for Fitzgerald in 1993 equaled $3.48 million, or $387 per capita. In 1997, general operating expenditures rose by 12.5% to $3.91 million, which was $435 per capita. Statewide per capita general operating expenditures amounted to $588 in 1997.
Historically, the top three expenditure categories for cities are administration, highways and streets, and public safety. In 1997, the City of Fitzgerald spent $397,900 on administration or $44 per capita. For the same year, $677,900 was spent on highways and streets, or $75 per capita. Expenditures for public safety include police services, fire services and jails. Fitzgerald spent $1.81 million or $202 per capita in 1997 for public safety services.
In 1993, the City of Fitzgerald issued a total of $416,300 in new debt, which could include revenue bonds, general obligation bonds, capital leases, short-term debt and other long-term debt. This represented $46 per capita. In 1997, Fitzgerald issued $100,000 in debt, or $11 per capita. Cities often issue debt to help finance large capital projects, such as buildings, roads, parks and water/sewer systems. Given the nature of capital projects, the amount of debt issued by a city can understandably vary greatly from one year to the next.