Financial

A Sustainable Brookhaven seeks to secure lasting and productive funding sources, make sound investments in capital projects, build and maintain robust cash balances and prudent debt ratios, and cultivate diverse economic growth.

2024 COMMITMENTS  ​

ATLANTA GAS LIGHT FRANCHISE AGREEMENT EXPIRATION
Funding Amount: TBD
Responsible Department: City Attorney

A new 10-year franchise agreement with Atlanta Gas Light Company (AGL) has been secured; however, the City has had past differences with AGL regarding its measurement and transparency of collecting and remitting the fees to the City. This is primarily related to inflationary increases that the City finds should be paid by AGL during past years. This will possibly be a contentious negotiation and will begin in late 2023.

SSD PROJECT FINANCING PLAN
Funding Amount: TBD
Responsible Department: City Manager

The SSD millage rate applies to all commercial and exempt property in the City of Brookhaven but does not apply to properties that have a homestead exemption. The millage rate is dedicated to a list of 15 initial projects adopted as part of the SSD in 2022. These projects were not fully funded through construction. The City Manager’s Office will work in 2024 to develop a long-term financing plan for the projects yet to be funded or completed.

ASSET MANAGEMENT
Funding Amount: Included in Department Operations
Responsible Department: Finance

The Finance Department will work with all departments in 2024 to improve upon the City’s existing asset management program including completion of an updated asset inventory, 2024 Adopted Budget 130 City of Brookhaven, GA determining values and life-cycle costs, setting levels of service, and presenting a long-term financial plan.

UPDATE REVENUE MANUAL
Funding Amount: Included in Department Operations
Responsible Department: Finance

The City’s Revenue Manual is a compilation of financial information that details the various sources of revenue for Brookhaven. This tool not only furthers financial transparency in regard to the City’s administrative apparatus but also provides educational and reference value to public servants and residents alike. The City’s most recent Revenue Manual was released in 2018 and will be updated in 2024.

COMPETITIVE BID ANNUAL REPORT
Funding Amount: Included in Department Operations
Responsible Department: Finance

As part of the SJREC Recommendations Implementation Plan adopted in early 2022, the Finance Department committed to reducing technical jargon included in project descriptions, seek periodic review of RFP terminology by external agencies, streamline the contracting process, provide additional transparency on the process, and creating an equitable environment attractive to minority-owned businesses. In 2024 (Q1), the Department will develop an annual report to analyze these performance measures across all competitive bids issued the prior year.

PARK BOND CLOSEOUT & AUDIT
Funding Amount: Included in Department Operations
Responsible Department: Independent Internal Auditor

In furtherance of the recommendations of the Comprehensive Parks and Recreation Master Plan, a Park Bond Referendum was passed by Brookhaven voters in 2018. The bond included six park improvement projects: Blackburn Park, Lynwood Park, Murphey Candler Park, Briarwood Park, and Brookhaven Park. Construction on Briarwood and Brookhaven parks began in 2023 and will be completed in 2024. Additionally, the Murphey Candler Park Lake House project is in procurement with construction expected to be completed in 2024. With the closeout of these projects, the Internal Auditor will complete an audit the park bond.

REVIEW STORMWATER FUND FOR RATE SETTING
Funding Amount: Included in Department Operations
Responsible Department: Public Works

The City of Brookhaven implemented a stormwater utility in July 2013 and set up utility rates by Resolution RES 2013-06-06. Administrative changes were made to the utility rates in May 2017 and June 2021 by resolutions RES 2017-05-05 RES 2021-06-06. The annual fees are collected with property owners' annual tax bill and deposited into a dedicated and restricted stormwater fund. In 2024, the Public Works Department will review the existing rate structure to ensure fee application is objective and based on a property’s true stormwater contribution.

Program information 2019-2023