Mayor and Council Meeting - A. MAX BACON CITY HALL - COUNCIL CHAMBERS — Minutes
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May 19, 2025 7:00 PM City of Smyrna Mayor and Council Meeting 2800 King Street SE Council Chambers Page 9 of 17 FY 2026 Total proposed Budget FY25 FY26 Increase/ Fund Revised Proposed (Decrease) % Change General Fund 67,438,849 69,900,600 2,461,751 3.7% Special Revenue Funds 9,191,658 9,027,831 (163,827) (1.8%) Capital Project Funds 16,327,156 2,046,000 (14,281,156) (87.5%) Internal Service Funds 1,411,641 3,578,000 2,166,359 153.5% Enterprise Funds 28,966,979 28,464,088 (502,891) (1.7%) Total Budget 123,336,283 113,016,519 (10,319,764) (8.4%) General Fund Expenditures • Insurance & Benefits (90% absorbed by GF) – 425K increase overall (3.7%) – 200K decrease to health insurance (3.2%) – 75K increase (12%) to prescriptions – 150K increase (11%) to other insurance (liability, cyber, etc.) – 341K increase to retirement contribution (9.9%) • 901K contingency – 395K merit raises – 458K COLA – 48K unallocated • 200K for comprehensive plan update • 200K for stormwater master plan • 32K for “Blanket Concert” event series • 237K for traffic improvement/roadway maintenance E-911 Fund Revenues Amount E-911 Fee from Phone Companies 1,450,000 Transfer from General Fund 755,770 Intergovernmental Revenue 90,000 Miscellaneous 3,000 Total 2,298,770 Expenditures Amount Salaries 1,894,040 Other Operating 404,730 Total 2,298,770 Hotel/Motel Fund Revenues Amount Hotel/Motel Taxes 1,762,000 Use of Hotel/Motel Reserves 508,671 Transfer from Auto Rental 250,000 Miscellaneous 31,873 Total 2,552,544 Expenditures Amount Payments to Cobb Galleria 666,573