Finance of Folkston, GA
The City of Folkston collected $1.00 million in total revenue in 1993. In 1997, the city received $1.39 million, an increase of 38.3%. Total revenue in 1997 equaled $622 per capita. The statewide revenue per capita for this same year was $732.
From 1993 to 1997, own source revenues for Folkston rose from $541,400 to $796,700, an increase of 47.2%. Own source revenues are all revenues except intergovernmental revenues and enterprise funds. Per capita own source revenues amounted to $357 in 1997. This compares to a statewide per capita amount of $624.
Property tax revenues amounted to $104,200 in 1993, accounting for 19.2% of the city’s own source revenue. In 1997, property taxes accounted for 28% of own source revenue, with $223,200 collected.
Intergovernmental revenue includes money received from the federal government, state government and other local governments. In 1997, Folkston received $17,650 in intergovernmental revenue, which accounted for 1.3% of total revenues. The city received $17,650 from the state.
General operating expenditures for Folkston in 1993 equaled $654,300, or $270 per capita. In 1997, general operating expenditures rose by 5.2% to $688,500, which was $308 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 Folkston spent $75,663 on administration or $34 per capita. For the same year, $200,500 was spent on highways and streets, or $90 per capita. Expenditures for public safety include police services, fire services and jails. Folkston spent $251,100 or $112 per capita in 1997 for public safety services.
In 1993, the City of Folkston issued a total of $65,571 in new debt, which could include revenue bonds, general obligation bonds, capital leases, short-term debt and other long-term debt. This represented $27 per capita. In 1997, Folkston issued $193,300 in debt, or $87 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.