The Cobb County Board of Commissioners approved the Fiscal Year 2019 budget and set the 2018 millage rate Wednesday. The vote followed three public hearings and seven Town Halls held in recent weeks. The millage rate includes the 1.7 mill increase sought by Chairman Mike Boyce.
After the millage rate was set, commissioners then approved the Fiscal Year 2019 budget by the same vote. The vote came after dozens of comments from citizens and lengthy discussions among the Board. Commissioners had indicated emails had shown support for the new millage rate.
A large number of non-profit and intergovernmental organizations request financial assistance from the Board of Commissioners. When these organizations (grantees) receive county-funded grants, they become expenders of public money. It is also the Board of Commissioners’ responsibility to ensure judicious management of public funds awarded to grant recipients. Therefore, the Board of Commissioners may require a detailed accounting of all expenditures from recipients.
The acceptance of public money constitutes an agreement with the recipient to faithfully account for all monies received from the county. Grant recipients agree to maintain accurate records of the receipt and disposition of all county funds, and to make these records available for inspection and audit.