HomeMy WebLinkAboutCity of Covington - Public Financial Report
1
2
‘
USHER
STREET
CENTRAL
PARK
ACFR
3
Table of Contents
Letter from City Manager 2
Department Contacts 3
Organizational Chart & Quick Facts 4
Mayor & Council 5
Year in Review 6 - 7
Kid’s Corner 8
Financial Information – Governmental Funds 9 - 10
Capital Expenditures & Debt Service 11
Definitions 12
CONTACT US
Did you know that the City of
Covington’s Purchasing Department
processes over 3,000 purchase orders
per year? In addition to purchase
orders, the two gentlemen below
maintain the warehouse and complete
inventory.
CHURCH
STREET
PENNINGTON
STREET
MONTICELLO
STREET
4
.
Quick Facts
The City of Covington
employs 320 individuals
with 31 of them being
Veterans.
There were
approximately 47,897
visitors at the new
Visitors Center.
Top 10 Taxpayers
1. Becton Dickinson (CR
Bard)
2. SKC, Inc.
3. Bellsouth / AT&T
4. General Mills
5. Fiberco / Fibervision
6. Tenneco Plastics (Pactiv)
7. Nisshinbo
8. Walmart
9. SGD North America
10. Michelin North America
Population:
14,192
Median
Household
Income:
$ 39,845
Per Capita
Personal
Income:
$ 22,867
Median
Age: 37
Quick Facts
There were
approximately 47,897
visitors at the new
Visitors Center.
5
Elected Officials
Fleeta Baggett
Don Floyd
Anthony Henderson
Susie Keck
Kenneth Morgan
Steve Horton, Mayor Hawnethia Williams
6
Year in Review
Milled and
Resurfaced
3.12 miles of
roadway
Installed 36
new trash cans
and benches at
Central park
Converted old
police station
into Welcome
Center/
Community
Development
Installed a 2nd
drive-thru lane
at City Hall
American
Public Gas
Association
Safety Award
given for 2020
Electric
department
secured 3
customer
choice loads in
Covington
Town Center
Replaced
exhaust system
at Station 21
for the
firefighters
Facilitated the
process of
hiring Assistant
City Manager,
John King.
Awarded
stabilization
grants to 200
local
businesses
Rehabilitated
over 50 storm
water inlets
8 employees
received
Georgia Crisis
Intervention
Team Training
for 911
CPD added a
Family
Interview
Room
Sgt. Vic Partee (retd.)
(right) received a
departmental
commendation for his Community Outreach
project "Operation Candy
Cane" from Chief Cotton
(left).
A walkway and stairs
were installed at
Central Park.
Attendees
proudly
display the flag
Covington
received for
being
recognized as
a Tree City
USA by the
Arbor Day
Foundation
GO
The Milestones Celebration was a gathering of old friends, familiar faces
and current employees to honor the unveiling of the City Hall
"Milestones". These stones honor those employees who have retired
after working for the City for 25-years or more. We were honored to
have Mayor Steve Horton speak along with other City of Covington
icons such as former Council Member Janet Goodman and former City
Manager Frank Turner, Sr.
7
Year in Review
shift.iles of
Began Blue Card
Incident
Command
Training for
implementation
for Fire
Implemented
24/7 Cyber-
Security
monitoring of all
city systems
Upgraded our
legion field
bridge to be a
Locks of Love
bridge
1st Legion Field
ice skating rink &
installed a new
electric
transformer
Completed 5
year strategic
plan facilitated by
CPSE
Paved the west
leg of the Cricket
Frog Trail
Completed
sidewalk projects
for Turner Lake
Rd., Browns
Bridge Rd., & Flat
Shoals Rd.
Enhanced the
City’s social
media presence
& surpassed
1,000 followers
on Instagram
A Sanitary Sewer
System Inflow &
Infiltration Study
was completed
Expanded the
number of
employees able
to work
remotely –
approximately 25%
Created a quiet
room for
dispatchers at
the 911 Center
for employees to
destress
Continuation of
AMI metering
and expansion of
service area
Human Resources hosted the
annual Employee Appreciation
lunch at Legion Field on
Thursday, June 3.
All CPD Officers were deployed to work the city’s
Fireworks on the Fourth celebration.
LEFT: Downtown Coordinator Nic Matthews, Community Development Director Trey Sanders and Tourism Coordinator
DJ Waller
RIGHT: 911 Operations Manager Anessa Westmoreland and 911
Director Trudy Henry with Santa at the Lighting of the Square
LEFT: Jeremy Kitchens and Cardale
Williams working in Welsh, Louisiana to
restore power after Hurricane Laura.
ABOVE: Cardale Williams, Mike Jones and Ritchie Cook headed to
Louisiana on September 2nd to relieve some of the original Electric
Department crew members. LEFT: Mike Jewell, Kevin
Sorrow, Mrs. Floyd, and Council
Member Floyd put out flags for
Veteran’s Day.
8
Don Floyd
Kid’s Corner Can you find all the Monopoly Tokens
throughout the PAFR Report?
The City of Covington together with
the YMCA hosted the first annual
Trick or Treat on the Cricket Frog
Trail in October.
9
.
Financial Information
Governmental Fund Revenues
Below is a visual of the city’s governmental
revenues for the past three fiscal years. The visual
below details the source of the revenue.
Governmental Fund Expenditures
Provided below is a comprehensive look at
the City of Covington’s expenditures for the
last three fiscal years.
The most significant source of revenue for the City of Covington is transfers
from the utility fund which makes up 30% of the governmental fund revenue.
10
For more information about the finances of the City of Covington, check out the city’s Annual
Comprehensive Financial Report. Visit www.cityofcovington.org to learn more!
The graph above displays the total fund balance for the last five fiscal years.
Fund Balances represent the difference between the municipality’s assets and
liabilities. The decrease in 2018 was used to fund capital projects. The graph
below represents how the city has started to recuperate the use of the funds.
ELECTRIC
COMPANY
PUCKETT
STREET
OAK
STREET
NEWTON
DRIVE
CODE
ENFORCEMENT
11
Capital Expense and Debt Service
The chart above shows the 5 – fiscal year
trend of capital expenditures in the
governmental funds. Capital Expenditures
are funded by revenue sources such as
special purpose local option sales tax
(SPLOST). Generally, capital projects are
approved once a specific revenue source
has been identified for funding.
Debt Services can be a vital tool for the city
when it comes to financing large
expenditures. This allows for the cash flow
to be spread over many years. This allows
for the expense to be stretched out, this
covers many generations of citizens that will
use the asset. As shown in the chart below
all debt services were paid off in 2021.
12
Definitions
Fund Balance: Fund Balance reflects the
excess (or deficiency) of revenues and other
financing sources over expenditures and
other financing uses.
Governmental Fund: Governmental Funds are
used to account for activities primarily
supported by taxes, grants, and similar
revenue sources. There are five types of
governmental funds: General fund, special
revenue funds, debt service funds, capital
projects funds, and permanent funds. The city
only has one General Fund, however there
can be multiple of the other governmental
funds.
While the City of Covington tries to present as much valuable
information as possible in this report, some funds are excluded.
Please see the Annual Comprehensive Report for a full detail of all
available funds. A copy of the ACFR can be found on the city’s
website or requested at City Hall.
City of Covington
2194 Emory Street NW
P.O. Box 1527
770 – 385 – 2000
www.cityofcovington.org
www.facebook.com/cityofcovingtonga