FY2022 audited finances for the City of Milledgeville, Georgia — Baldwin County seat, on the Oconee River. Every figure on this page comes from the city’s audited Annual Comprehensive Financial Report.
Audited-only, dated document: all figures are FY2022 audited — fiscal year ended June 30, 2022 — from the ACFR audited by Mauldin & Jenkins, LLC (report dated August 3, 2023). No FY2023 or FY2024 report and no recent budget book is published for the city, so nothing on this page is labeled current and no newer figures are shown.
The government-wide picture at June 30, 2022. Business-type activities (the city’s utilities) hold the larger share of net position, driven by water and sewer capital assets.
Component
Governmental
Business-type
Total
Net investment in capital assets
$14,541,431
$26,949,473
$41,490,904
Restricted
$6,570,233
$2,795,880
$9,366,113
Unrestricted
$7,651,145
$11,783,178
$19,434,323
Total net position
$28,762,809
$41,528,531
$70,291,340
Net position grew during FY2022: the change in net position was +$5,663,665 — governmental activities +$3,269,092 and business-type activities +$2,394,573.
ARPA note: the ARPA Fund also carries $3,476,747 of unearned revenue — federal cash received but not yet spent. That is a liability, not fund balance; the ARPA Fund’s fund balance is $1,255.
Revenues by source (fund basis)
Taxes$12,577,798
Intergovernmental$1,385,205
Fines & forfeitures$503,204
Licenses & permits$333,516
Other$192,314
Investment income$32,222
Charges for services$28,022
Total revenues: $15,052,281
Expenditures by function (fund basis)
Public safety$8,004,288
Capital outlay$2,585,232
Public works$1,869,577
General government$1,588,340
Housing & development$1,103,842
Culture & recreation$688,146
Judicial$228,030
Total expenditures: $16,067,455
Public safety is half of all governmental spending. Expenditures exceeded revenues on a fund basis in FY2022, with capital outlay — much of it SPLOST-funded — the second-largest use.
Read this before the table: the adopted FY2022 General Fund budget was balanced only with a budgeted $2,081,275 transfer in — and that transfer was never received (actual transfers in: $0). It is shown above as a budget line only, not as revenue received. The fund still finished ahead — net change +$498,765 — because revenues beat the budget by $1,535,138 and spending came in $1,044,902 under budget.
Milledgeville runs three enterprise utilities. Water & Sewer is by far the largest — in both operating revenue and net position.
Operating revenues, FY2022
Fund
Operating revenues
Water & Sewer
$9,250,080
Solid Waste
$2,226,677
Stormwater
$672,853
Total
$12,149,610
Net position, June 30, 2022
Fund
Net position
Water & Sewer
$38,371,002
Solid Waste
$1,944,212
Stormwater
$639,143
Enterprise funds total
$40,954,357
Internal-service consolidation adjustment
$574,174
Business-type activities
$41,528,531
Source-document discrepancy ($400): the ACFR’s government-wide statement reports business-type charges for services of $12,149,210 (Water & Sewer $9,249,680) — $400 less than the fund statements’ $12,149,610 (Water & Sewer $9,250,080). The difference is inside the source document itself. This page uses the fund-statement figures, whose components foot exactly; totals are printed as they appear in the source.
Component units are legally separate organizations reported alongside the city because of the city’s financial relationship with them. Their balances are not City totals and are not included in any figure above.
Component unit (legally separate)
Net position
Milledgeville-Baldwin County Allied Arts
$266,623
Downtown Development Authority
$115,326
Held for others, excluded: the city’s fiduciary funds — including the Pension Trust at $29,622,388 — are held for the benefit of others, are not City resources, and are excluded from the government-wide figures on this page.
$0Bonds payable: zero. The last $1,185,000 of revenue bonds was repaid in full during FY2022, and the city carries no general obligation debt. For context, Georgia’s GO debt limit is 10% of assessed value — approximately $41.28M for Milledgeville per the ACFR — against actual bonded debt of $0.
The city’s only direct borrowings are three GEFA loans for water & sewer projects, totaling $3,030,956.
GEFA loan (water & sewer)
Balance
Rate
Due
Loan 1
$120,358
3.00%
2027
Loan 2
$282,000
0.81%
2029
Loan 3
$2,628,598
2.25%
2040
Total notes payable
$3,030,956
—
—
Total debt service to maturity on the GEFA notes is $3,600,380, including $569,424 of interest.
Other long-term obligations
Net pension liability — $3,062,230. The city’s single-employer plan swung sharply in FY2022: it reported a net pension asset of $3,238,240 at June 30, 2021, before a −11.17% money-weighted return for FY2022 moved it into a liability position.
Unmodified opinions from Mauldin & Jenkins, LLC on the FY2022 financial statements (report dated August 3, 2023).
No material weaknesses and no significant deficiencies reported in internal control.
No single audit required for FY2022.
Sources & notes
Source for every figure on this page: City of Milledgeville, Georgia — Annual Comprehensive Financial Report for the Fiscal Year Ended June 30, 2022 (audited, Mauldin & Jenkins, LLC; unmodified opinions; report dated August 3, 2023). Read the FY2022 ACFR (PDF, hosted by UGA’s Carl Vinson Institute — TED)
Vintage: this dashboard is built entirely on the FY2022 audited report — fiscal year ended June 30, 2022. No FY2023 or FY2024 report and no recent budget book is published for the city; nothing here is presented as current, and the FY2022 budget-vs.-actual schedule is the only budget presentation on the page.
Extraction: figures were transcribed from the TED-hosted ACFR and are queued for re-verification against the source PDF.
$400 discrepancy: the ACFR’s government-wide statement reports business-type charges for services $400 lower than its own fund statements (see the Enterprise funds section). This page uses the fund-statement figures, whose components foot exactly; totals print as they appear in the source.
Bases are not mixed: fund-basis (modified accrual) and government-wide (accrual) figures are labeled separately throughout and never combined. For example, property taxes are $4,017,250 on a fund basis versus $4,125,836 on the accrual basis — a timing difference between the two bases, not an error.
Not City resources: component-unit balances (Allied Arts, Downtown Development Authority) and fiduciary funds (Pension Trust) are legally separate or held for others and are excluded from City totals.