City of Forsyth, Georgia
County seat of Monroe County — not Forsyth County, and not the City of Monroe. This page covers only the City of Forsyth, Georgia (ZIP 31029), population 4,384 in the 2020 census, covering about 5 square miles, as stated in the city's own financial report.
Basis: audited figures — FY2025 Annual Comprehensive Financial Report, year ended December 31, 2025 Auditor: Mauldin & Jenkins, LLC
These are audited actuals, not an adopted budget. No adopted-budget figures are shown on this page. Dollar figures are exact as reported; totals below were checked against the sum of their shown parts.
Overview
Source: City of Forsyth FY2025 ACFR, Management's Discussion & Analysis and Statement of Net Position. FY2025 ACFR (PDF, city site)
Net position — December 31, 2025
Assets plus deferred outflows exceeded liabilities and deferred inflows by $44,228,801. Governmental activities (tax-supported services) held $15,683,393 of that total; business-type activities (the utilities) held $28,545,408.
| Component | Governmental | Business-type | Total |
|---|---|---|---|
| Net investment in capital assets | $14,893,880 | $17,274,263 | $32,168,143 |
| Restricted — law enforcement | $42,997 | $0 | $42,997 |
| Restricted — capital projects | $3,392,794 | $0 | $3,392,794 |
| Unrestricted | −$2,646,278 | $11,271,145 | $8,624,867 |
| Total net position | $15,683,393 | $28,545,408 | $44,228,801 |
Sum check: $32,168,143 + $42,997 + $3,392,794 + $8,624,867 = $44,228,801. ✓ Note the governmental unrestricted balance is negative — the ACFR attributes the governmental position largely to capital assets and restricted funds, not spendable cash.
| Balance-sheet summary | Governmental | Business-type | Total |
|---|---|---|---|
| Total assets | $27,276,296 | $31,351,544 | $58,627,840 |
| Deferred outflows of resources | $926,069 | $0 | $926,069 |
| Total liabilities | $12,518,972 | $2,806,136 | $15,325,108 |
| Deferred inflows of resources | $0 | $0 | $0 |
| Total net position | $15,683,393 | $28,545,408 | $44,228,801 |
Sum check: $58,627,840 + $926,069 − $15,325,108 − $0 = $44,228,801. ✓
Source: FY2025 ACFR, MD&A net-position table (p. 8) and Statement of Net Position (p. 14). FY2025 ACFR (PDF)
Revenues & expenses — government-wide, FY2025
Total revenues were $27,125,850 against total expenses of $25,081,314, a $2,044,536 increase in net position before transfers (transfers net to zero across the two activity types). Governmental revenues fell $1,225,705 from 2024, driven by lower grants and contributions; governmental expenses rose 12%.
| Governmental revenues | FY2025 |
|---|---|
| Charges for services | $1,800,648 |
| Operating grants and contributions | $114,356 |
| Capital grants and contributions | $3,092,929 |
| Taxes (general revenues) | $3,936,452 |
| Investment and interest revenues | $739 |
| Total governmental revenues | $8,945,124 |
Sum check: $1,800,648 + $114,356 + $3,092,929 + $3,936,452 + $739 = $8,945,124. ✓
| Governmental expenses | FY2025 |
|---|---|
| General government | $2,291,296 |
| Public safety | $5,304,430 |
| Public works | $3,071,209 |
| Housing and development | $311,266 |
| Culture and recreation | $593,070 |
| Better Hometown | $601,993 |
| Interest | $293,880 |
| Total governmental expenses | $12,467,144 |
Sum check: $2,291,296 + $5,304,430 + $3,071,209 + $311,266 + $593,070 + $601,993 + $293,880 = $12,467,144. ✓ Governmental activities ran a $3,522,020 deficit before transfers, closed by a $3,929,533 transfer in from the utilities, for a net increase of $407,513.
Source: FY2025 ACFR, MD&A changes-in-net-position table (p. 9). FY2025 ACFR (PDF)
General Fund — FY2025 actuals
The General Fund is the city's chief operating fund. Revenues of $5,559,491 fell $6,477,658 short of expenditures; a net $5,025,247 in other financing sources (chiefly a $6,998,011 transfer in, less $1,972,764 transferred out) left a net fund-balance decrease of $1,452,411. The ACFR attributes the decrease to capital expenditures within General Fund departments and transfers out to the enterprise funds. Unassigned fund balance ($642,138 — the entire General Fund balance) equals about 5% of General Fund expenditures.
| General Fund revenues | FY2025 actual |
|---|---|
| Property taxes | $600,553 |
| Sales taxes | $1,800,252 |
| Insurance premium taxes | $478,545 |
| Beer, wine and alcohol taxes | $214,645 |
| Franchise taxes | $98,291 |
| Licenses and permits | $128,979 |
| Intergovernmental | $634,895 |
| Fines and forfeitures | $605,083 |
| Charges for services | $485,917 |
| Interest revenue | $739 |
| Other revenues | $511,592 |
| Total revenues | $5,559,491 |
Sum check: $600,553 + $1,800,252 + $478,545 + $214,645 + $98,291 + $128,979 + $634,895 + $605,083 + $485,917 + $739 + $511,592 = $5,559,491. ✓ Taxes subtotal: $3,192,286.
| General Fund expenditures | FY2025 actual |
|---|---|
| General government | $2,077,355 |
| Public safety | $5,166,109 |
| Public works | $2,537,379 |
| Better Hometown | $601,993 |
| Recreation | $928,582 |
| Debt service — principal | $439,500 |
| Debt service — interest | $286,231 |
| Total expenditures | $12,037,149 |
Sum check: $2,077,355 + $5,166,109 + $2,537,379 + $601,993 + $928,582 + $439,500 + $286,231 = $12,037,149. ✓ Within public safety: police $2,888,464, fire $2,147,911, municipal court $129,734 (sum $5,166,109 ✓). Within general government: administration $1,420,713, governing body $172,408, mayor $447,080, elections $37,154 (sum $2,077,355 ✓). Actual spending came in $636,815 under the final budget of $12,673,964.
Source: FY2025 ACFR, Statement of Revenues, Expenditures and Changes in Fund Balances — Governmental Funds (pp. 21–24) and General Fund budget-and-actual statement (pp. 26–27). FY2025 ACFR (PDF)
Governmental fund balances — December 31, 2025
Combined governmental fund balances fell $3,419,991 during the year. Only $161,110 (about 3%) was unassigned and available for discretionary spending; the rest was restricted, committed, or assigned. The Tourism Product Development Fund ended the year in deficit.
| Fund | Ending balance |
|---|---|
| General Fund | $642,138 |
| Capital Projects Fund | $1,789,870 |
| SPLOST 2019 Fund | $394,406 |
| TSPLOST Fund (roads; April 2022 referendum) | $3,282,439 |
| Hotel/Motel Tax Fund | $0 |
| Tourism Product Development Fund | −$481,028 |
| Nonmajor governmental funds (law-enforcement restricted) | $42,997 |
| Total governmental funds | $5,670,822 |
Sum check: $642,138 + $1,789,870 + $394,406 + $3,282,439 + $0 − $481,028 + $42,997 = $5,670,822. ✓ Note: the MD&A narrative rounds the Tourism Product Development deficit to $481,029; the balance sheet figure of $481,028 is used here so the table sums exactly.
Source: FY2025 ACFR, Balance Sheet — Governmental Funds (pp. 17–20) and MD&A fund analysis (p. 11). FY2025 ACFR (PDF)
Combined Utilities — business-type activities
The city's single enterprise fund runs water, sewer, and electric operations. It is the financial engine behind the governmental side: its $5,566,556 surplus before transfers funded the $3,929,533 net transfer to governmental activities.
| Combined Utilities, FY2025 | Amount |
|---|---|
| Charges for services (revenues) | $18,180,726 |
| Expenses | $12,614,170 |
| Change before transfers | $5,566,556 |
| Transfers out (net) | −$3,929,533 |
| Net change in net position | $1,637,023 |
| Net position, end of year | $28,545,408 |
| — of which net investment in capital assets | $17,274,263 |
| — of which unrestricted | $11,271,145 |
Sum check: $18,180,726 − $12,614,170 = $5,566,556; $5,566,556 − $3,929,533 = $1,637,023; $17,274,263 + $11,271,145 = $28,545,408. ✓
Source: FY2025 ACFR, MD&A changes-in-net-position table (p. 9) and proprietary-fund analysis (p. 11). FY2025 ACFR (PDF)
Capital assets & debt
Capital assets net of depreciation rose 13.8% in FY2025 (governmental +20.3%, business-type +7.2%), driven by vehicle purchases and construction in progress on distribution systems. Long-term debt stood at $9,698,676, down from $10,034,837 in 2024.
| Capital assets, net — Dec 31, 2025 | Amount |
|---|---|
| Governmental activities | $20,704,839 |
| Business-type activities | $18,236,190 |
| Total capital assets, net | $38,941,029 |
Sum check: $20,704,839 + $18,236,190 = $38,941,029. ✓
| Long-term debt — Dec 31, 2025 | Governmental | Business-type | Total |
|---|---|---|---|
| Financed purchases | $402,910 | $325,562 | $728,472 |
| Landfill post-closure costs | $1,190,110 | $0 | $1,190,110 |
| Notes payable | $7,143,729 | $636,365 | $7,780,094 |
| Total long-term debt | $8,736,749 | $961,927 | $9,698,676 |
Sum check: $728,472 + $1,190,110 + $7,780,094 = $9,698,676; $8,736,749 + $961,927 = $9,698,676. ✓ The MD&A rounds this to "approximately $9.7 million."
Source: FY2025 ACFR, MD&A capital-asset and debt tables (p. 12) and Note 5/Note 6. FY2025 ACFR (PDF)
Sources & notes
- Only source used: City of Forsyth, Georgia, Annual Comprehensive Financial Report for the year ended December 31, 2025 (auditor: Mauldin & Jenkins, LLC), published on the city's official site. city-of-forsyth-georgia-fs25.pdf
- Identity: every figure on this page is for the City of Forsyth in Monroe County, Georgia (the county seat, ZIP 31029). It is not Forsyth County and not the City of Monroe.
- Basis honesty: figures are audited FY2025 actuals. This page does not present an adopted budget, and no budget figures are shown. The FY2024 ACFR also exists on the city site but was not used; FY2025 is the newest verified document.
- Not shown: no figure is presented unless it appears in the FY2025 ACFR. Population (4,384, 2020 census) and area (about 5 square miles) come from the ACFR transmittal letter.
- Rounding note: the MD&A narrative states the Tourism Product Development deficit as $481,029; the audited balance sheet states $481,028. The balance-sheet figure is used so the fund-balance table sums exactly.
- Jurisdiction accent: gold #DAA82E, from the City of Forsyth logo mark (high confidence, county-city color registry).