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Mayor's Report


Aug 22

City Receives Back-to-Back Excellent Financial Audits

Posted on August 22, 2016 at 4:43 PM by Darren Musselwhite

Earlier this year, the City of Southaven received another excellent financial audit.  The results show that the City is as clean as possible from a financial management and compliance standpoint.  Our fiscal year ends on September 30 and we do not receive our completed audit until April of the following year, so this audit was the Comprehensive Annual Financial Report for FY 2015.  I am extremely pleased with the fact that the first two audits that our city has received under my administration are two of the cleanest in our history.  It has been one of my top priorities, as well as our Board of Aldermen, to restore trust in our operation; therefore, I am happy to be able to present these results to the people of Southaven.   

FY 2015 CAFR-Audit Report Highlights

  • Unassigned General Fund fund balance increased from $3.7 million to $5.9 million 
  • Total Assets increased from $209 million to $211 million
  • Per Capita Debt decreased from $1,887 to $1,849
  • Total Net Debt applicable to statutory debt limit decreased from 73.7% to 66.7%
  • No material weaknesses
  • No significant deficiencies
  • No compliance findings

Original Report for FY 2014 Comprehensive Annual Financial Report

The City of Southaven just received excellent results from our FY 2014 financial audit.  We will continue to improve the financial strength and stability of our City.  Please see the audit highlights below. 

City of Southaven FY 2014 CAFR-Audit Report Highlights
 

  • The City has $242.8 million of capital assets. This is an increase of some $6 million from FY 2013.
  • The assets of the City exceeded its liabilities (net position) by $85,026,533 for the year end 2014; which represents an increase of some $6.3 million over 2013.  
  • As of the close of the 2014 fiscal year, the City’s governmental funds reported combined ending net position of $53,910,168 an increase of $2,084,901 in comparison with the prior year.  Approximately 7.5% of this total amount, $4,041,609, is available for spending at the government’s discretion.  
  • At the end of 2014 fiscal year, the unassigned fund balance for the General Fund was $3,751,667, or 10 % of total general fund expenditures for FY 2014.  
  • The City’s total debt increased by some 3.5% ($3.3 million) during the current fiscal year.  The key factor in this increase was a $6.565 million bond issuance (infrastructure-Getwell Road, Elmore Road, Swinnea Road) and $3.4 million in utility department loans issued in 2014. Sales tax revenues increased by some $596,000 over FY 2013. 
  • The City’s unemployment rate was reported at 4.6% as of 9/30/2014, compared to a national unemployment rate of 5.9%. 
  • The City maintained its AA- bond rating from Standard & Poor’s.
  • No material weaknesses were identified in the City’s financial reporting.
  • No significant deficiency(ies) were identified in the financial reporting or the City’s internal controls.  
  • No material noncompliance issues were identified in the City’s financial reporting.    
  • No difficulties were encountered by the independent auditor when dealing with City management in performing and completing their audit. 




Apr 25

Senior Center @ Snowden Grove

Posted on April 25, 2016 at 9:14 AM by Darren Musselwhite

March 24, 2016 Update

It is finished!  The Senior Center at Snowden Grove will be open on April 1.

Senior Center EntranceSenior Center Banquet RoomSenior Center HallwaySenior Center LoungeSenior Center ExteriorJuly 8, 2015 Update

The Board of Aldermen voted unanimously to award the construction bid to Jaycon Development Corporation in the amount of $1,820,000.  Construction will begin within a few weeks with a projected completion date in early Summer of 2016.

July 7, 2015 Update

I am pleased to announce that acceptance of the lowest bid for the Senior Center @ Snowden Grove is on the agenda for tonight's meeting of the Mayor and Board of Aldermen.  I hope and expect that our Board will vote to accept this bid which will allow construction to begin within weeks with a projected completion date in early Summer of 2016.

This is a long-awaited project for our City that has required many hours of discussion and deliberation by many people.  I am very pleased with this solution as it accomplishes our goal of serving our seniors' needs in a manner that is very efficient with the City's tourism tax dollars.  This project is completely funded by the "A Penny for Your Parks" tax and is a great example of the effective use of this restaurant tourism tax to improve the quality of life for our citizens.   

December 16, 2014 Original Report

After extensive planning and budget considerations, the bidding process will begin for construction of a long-awaited senior citizens center for our City's Forever Young program.

To summarize the history of this project, a previous proposal was made by a previous administration to build a building on a lot that the City purchased on Getwell Rd just north of Fire Station #4.  The total projected cost of this proposal was approximately $9 million.  It is my understanding that the previous plan was to fund this expenditure by using the restaurant tourism tax revenue stream ("A Penny for Your Parks") to acquire a bond.  After the Mississippi State Legislature voted to place a 3-year repealer on the tax, it hampered the City's ability to use this revenue stream for funding with responsible debt options.

To further clarify misinformation about this project, it is important to note that funds generated by the restaurant tax, which is 1% of expenditures at restaurants within the City limits, are mandated by law to be used only for Parks and Recreation or tourism.  The use of this tax revenue was never limited to a senior citizens facility, nor is the tax paid by only senior citizens.  It is also estimated that 60% of this revenue is generated by persons living outside the state of Mississippi.

Our current administration and Parks and Recreation Department have worked diligently for the last seventeen months to find a solution that is realistic and financially responsible.  We believe we have done that with the current plan.

The plan, which will soon be displayed at the Forever Young area in the Parks building at Snowden Grove Park, is to amend the current space on the south side of the existing Parks building and use the existing 17,500 square feet for exclusive use for senior activities.  This new Senior Center will have a large banquet room (6,288 square feet) which will be convertible to smaller meeting rooms; an exclusive entrance on the east side of the building; offices; conference room; kitchen; patio for outside activities; separate rooms for yoga and aerobics; and two designated lounge areas.  The existing smaller rooms upstairs will remain available for card games and smaller group activities.

The projected cost of this project is $2 million with construction starting in May, 2015 and estimated completion in February, 2016.

Our seniors are important to us and our new Senior Center @ Snowden Grove is important to the development of our Forever Young program, and the improvement of our quality of life in our great city!  
  
Feb 11

Springfest Barbecue Cooking Contest "Going Dual" in 2016

Posted on February 11, 2016 at 5:18 PM by Darren Musselwhite

Our barbecue contest at Springfest has been a long-standing tradition for our city and this year we hope to make it bigger and better by hosting a dual-sanctioned event for the first time ever. Our contest has always been sanctioned by the Memphis Barbecue Network, but we will be adding the contest sanctioned by the Kansas City Barbeque Society. The contest categories and prizes are detailed below. Team applications and all other Springfest details may be found on our website at www.southaven.com.  Please contact Kristi Faulkner at kfaulkner@southaven.org or 662.393.6939 with any questions. Let's celebrate our 36th birthday like never before in our great city!

Springfest Barbecue Cooking Contest