The proposed budget is set at $6.2 million, up from the current budget of $5.1 million.
The city operates on a calendar year.
A public hearing will be conducted at 6:30 p.m. Nov. 21 before the City Council’s meeting at 7 p.m., said interim City Manager Rob Logan.
The Holly Springs City Council reviewed the budget during its work session on Monday.
The budget is made up of the general fund, used for operating the city government, as well as special revenue funds and a Special Purpose Local Option Sales Tax.
This year’s budget is based on the city’s millage rate of 5.469, which was approved earlier this year.
The owner of a $200,000 house would the standard $5,000 exemption will pay about $412 this year in city property taxes.
The proposed general fund is $3.8 million, which is $48,000 less than the current general fund, Logan said. The SPLOST III account has $897,245, which Logan said will be used to pay off debt service.
SPLOST IV, which will begin next summer, has been budgeted for $350,250 for 2012.
Also included in the budget is a general operating grand fund of $262,780, which is higher from the current budget by $132,730.
That fund is contingent upon a grant the city receives from the Atlanta Regional Commission to distribute to Cherokee FOCUS.
The proposed budget also includes $50,000 in capital grants funds, which is $35,020 less than the current budget.
Logan said some of the funding could be used toward the engineering for the city’s Livable Centers Initiative project, which would install sidewalks along Holly Springs Parkway and Hickory Road in downtown.
Holly Springs’ hotel/motel tax fund is proposed at $4,506, down slightly from about $5,000.
The parks and recreation fund is $317,500, which is higher by $77,500 than last year’s budget due to the city’s planned renovations at the Holly Springs Community Center, the acquisition of an electronic sign board and the transfer of funds to the Capital Improvement Fund, Logan said.
He said said the city’s proposed budget is “conservative.”
“As a result, no new staff and very little capital expenditures were included in the budget,” Logan said. “The city’s other funds varied from 2011 due to the receipt of grant funds and other restricted revenues.”
The council also reviewed a contract with Cherokee Day Training Center, in which the organizations’ participants will clean the Holly Springs Community Center each week for $156.
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