Financial Snapshot July 2018

Dear Fairhope Citizen, As we begin our 2019 budget process, I’m happy to report on some impressive progress we’ve made since fiscal 2016 year end.  We will be discussing this in more detail during our 2019 budget. Increased Cash Account Balances by almost 50% Decreased City Debt by 46%:  From $6.83MM to $3.68 (Debt should be paid in full by 2020) Reduced Utility Debt by 21%: From 19.3MM to $15.3MM...

State of the City 2018

I’m delighted to report that the State of the City is STRONG! We wanted to liven up this year’s format and break down the facts in the level of detail you’d like to receive it. 1. A ~5 minute Video above of broad highlights from the last year 2. Department tabs online which will give you even more detail. 3. Comprehensive Annual Financial Report (CAFR) 2. A“by the numbers” info-graphic...

Local Paper Still Spinning the Truth – And You’re Paying for It

It has been a long year and media in general hasn’t made it any easier, but one media outlet in particular took things too far. In August I made the decision to take action.  I had an attorney send a demand letter for a retraction of a fabricated quote the editor at GCN (The Courier) attributed to me in one of his many biased articles. The retraction happened, but the...

2018 Proposed Budget Presented 9/25/17

For 2017’s budget the focus was cutting wasteful spending and separating the financials for the City and Utilities. The result has already demonstrated a path for a more financially responsible government.  We exceeded revenue goals and were under budget on expenses which not only saved millions of dollars over previous years, but greatly reduced the city’s reliance on our utility profits.         The Utility subsidy came in...