News Flash

Home - Petersburg News

Posted on: November 10, 2017

Petersburg City Mayor Announces a Strong Finish to Fiscal Year 2016 – 2017

mayorhomepage

Petersburg City Council held a special meeting on November 28, 2017 to report the City’s financial progress. Petersburg was given a clean audit and the 2017 Comprehensive Annual Financial Report (CAFR) was submitted on time, as required by the State.


For the first time in 10 years, the City ended the fiscal year with its revenues outweighing its expenditures. The report found that the General Fund Revenues were $73,069,843 and General Fund Expenditures were $65,861,125.


Petersburg has reduced the FY 2015 - 2016 deficit of 7.7 million dollars down to only $143,933.


“This is a very exciting time for the City of Petersburg. In just one fiscal year, we’ve nearly eliminated our 7.7 million dollar deficit,” said Mayor Samuel Parham.


The CAFR also showed that the Public Utilities Fund achieved an unrestricted positive net position of 1.3 million dollars. This is a major improvement from FY 2015 - 2016 that reported an unrestricted negative net position of 1.4 million dollars.


“Although this is just the beginning, this is an amazing start to a strong financial future for the City of Petersburg,” said City Manager, Aretha R. Ferrell-Benavides.



###

Read Full Release Here

Facebook Twitter Google Plus Email

Other News in Home - Petersburg News

petersburg_videobutton

Welcome to Petersburg: Video Tour

Posted on: October 29, 2018
proptax_homepage

Real Estate Taxes

Posted on: December 6, 2018
JazzInThe StacksDecemberHMPG

December Jazz in the Stacks

Posted on: December 5, 2018
tourism_hmpg

Petersburg Draft Tourism Plan

Posted on: November 27, 2018
JazzInThe StacksDecemberHMPG

December Jazz in the Stacks

Posted on: December 5, 2018
closed-for-thanksgiving-holidayHMPG

City of Petersburg Thanksgiving Hours

Posted on: November 16, 2018
accreditationHMPG

Petersburg Schools Receive Accreditation

Posted on: September 27, 2018
Canceled_HMPG

Petersburg Fall Cleanup Canceled

Posted on: October 17, 2018
sampleballot_Homepage

Petersburg 2018 Sample Ballots

Posted on: September 25, 2018