The Town of Bethlehem ended last year by spending more money than it took in in its General Fund, but that didn’t do any appreciable damage to the community’s balance sheet.
Bethlehem took in $523,600 in revenues in 2013 and spent $713,800, leaving a deficit of $190,200. But that shortfall was more than covered by the town’s healthy amount of reserves. Even with the shortage, Bethlehem had $790,600 left in reserves, more than enough money to run the city for over a year.
The city spent some of its extra funds last year on a major intersection project, in which it shared costs with the Georgia Department of Transportation.