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Posted on: August 4, 2017

College Park's Successful Budget Closeout for 2016-17; Apartment Complex Insurance, more!

With the new fiscal year already underway as of July 1, 2017...it has always been a fiduciary requirement for College Park to formally closeout the prior year's revenues and expenditures with a summary report.  College Park's total revenues amounted to $106,983,175 and expenditures tallied $105,174,635 for a net difference of $1,808,540 to be placed in the city's fund balance.

The Department of Inspections is considering new methods to fulfill annual inspections of apartment communities within the city limits.  While the city is reviewing its options, including the possible adoption of ordinances from nearby jurisdictions that address similar concerns, the Inspections Department has been directed to engage with City Attorney Steve Fincher, as well as with members of the city's Fire Marshal operation to consider recommendations and/or solutions.

College Park continues to seek a cutting edge approach to its operations; notably, it may consider the services of an outside payroll processing company.  Leadership from both Information Technology and Human Resources have been asked to evaluate the possibilities which would initially involve a close review of outside software packages to determine their compatibility with those currently in use with the City of College Park.

College Park is also looking to adopt a progressive stance regarding apartment complexes' property and casualty insurance policies.  Instead of seeking verification information in the midst of an incident (fire, tornado, weather related damage, etc.) the city wants to develop a program to encourage apartment complexes to place insurance information on file at city hall. 

The arrangement enables a more expeditious processing outcome in the unfortunate event of damage to any part of the complex.  This new consideration, should it be adopted, would also aid in the documentation required for reconstruction, permitting and demolition activity that may become necessary due to any unforeseen damages to property. 
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College Park City Hall
3667 Main St.
College Park, GA 30337
Phone: (404) 767-1537