Budget Deadline Inches Closer as Commissioners Makes Changes - WMBB News 13 - The Panhandle's News Leader

Budget Deadline Inches Closer as Commissioners Makes Changes

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The total budget for Panama City covers almost $82 million, but the most recent changes from the commission come as a part of the general fund budget which totals about $30 million dollars.

Panama City staff is continually re-assessing and re-addressing the budget.

Assistant city manager Jeff brown and his team are in the books looking at recent changes to the general fund.

"The commission added about twenty five to $26,000 worth of expenditures at their workshop," said Brown.

That money has been designated by the commission to outside organizations. Subsidies like the Economic Development Alliance and the Marina Civic Center received increased monies for the 2014 fiscal year, while the Visual Arts Center is still seeing significant funding totaling more than $80,000.

"And that's at the rollback rate," said Brown. "Which, is where staff presented the budget at."

With all these proposed changes to the 2014 budget if Panama City decides to go with their rollback rate of 3.68 they will be about 25,000 dollars in the red. If they stick with last years millage rate of about 3.87 mills they will have $7,600 to make up for.

"And in these cases relatively speaking out of the $30 million budget you're talking about $25,000," said Brown. "Percentage wise it's a very small amount when you are talking about the overall budget."

"So, those aren't things that really keep us awake at night."

And as the budget deadline inches closer Brown is certain-- the books will be back in the green.

"By the time we get to the September meetings we will have it within budget one way or the other," said Brown.

The next meeting concerning the budget is a special workshop on August 27th after the regularly scheduled commission meeting.