Good Life City’s finances

ALBANY, Ga. – The finance director of the City of Albany shed some light on the city’s finances.

Derrick Brown, Chief Financial Officer for the City of Albany says it’s his priority to make sure that your tax dollars are kept safe.

“I think we are tasked to make sure what we do have, it is safe and secure. The priorities that the board and commissioners set aside, that we are prepared to pay for those priorities. We have to make sure we’re prepared,” said Derrick Brown, Director of Finance.

Because the city’s bills must get paid.

“Whether its operating expenses or whether it’s capital expenditures. We have to make sure the finances are there,” said Brown.

Setting money aside is also key for his department.

“Our reserves are really set aside for unanticipated expenses, primarily storm related, or any type of emergency repairs that we have that may happen. The best example I can give is an unfortunate that started back in 2017. We had a couple storm events there in 2017, and then about 18-20 months later, we had Hurricane Michael. And so, in 2017 we had expenses related to that at about $31 million dollars. So, you need reserves in place to handle something like that,” said Brown.

De’ Andra Jacobs reporting.

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