In a recent government meeting, heartfelt tributes were paid to Dave Westcott, co-founder of GPA, who passed away last week due to health complications. His long-time colleague expressed deep sorrow, highlighting Westcott's dedication to the city of Franklin and his significant contributions over 41 years. The committee members extended their condolences, recalling fond memories of Westcott's involvement in city projects and his commitment to community service.
The meeting also addressed the fiscal year 2025 operating budget, which received unconditional approval from the state of Tennessee's office of the comptroller on August 9, 2024. The budget report noted that while some departmental appropriations exceeded their budgets, overall city expenditures remained within approved limits. The city was commended for its timely budget adoption and the quality of its submission.
Additionally, the financial report for the fourth quarter of fiscal year 2024 revealed a surplus of over $2.1 million, despite an anticipated drawdown from the fund balance that did not occur. The report indicated a 4.8% increase in hotel-motel tax revenue compared to the previous year, and building permits were reported to be 14% higher than the same time last year.
Looking ahead, the committee discussed the draft calendar for the 2025 budget and finance meetings, seeking feedback on potential scheduling conflicts. Members were encouraged to communicate any concerns by the end of the month to ensure smooth planning for the upcoming fiscal year.