Residential and commercial growth in Gainesville is evident in a clean audit report the city received Thursday morning.
General fund revenues increased 6 percent, or about $1.6 million, during the 2017 fiscal year, which ended June 30.
Building permit revenue increased $290,000, as permits for new construction last year matched records set in 2015 and 2016.
Big projects that began or came online during the 2017 fiscal year include a new Department of Transportation regional office off Jesse Jewell Parkway and Wells Fargo’s move out of its namesake building and into a new branch office in New Holland.
The city’s growth is also highlighted in a better than 7 percent increase in operating revenue for the Water Resources Department. That equates to a boost of more than $4.8 million.
The city added 1,574 new water customers in the 2017 fiscal year, and overall water consumption increased nearly 6 percent.
Meanwhile, expenditures increased 9 percent, or about $2.3 million, with $500,000 going to pay for wage raises for firemen and police officers.
The purchase of the Turner, Wood and Smith building downtown accounted for the largest share of increased expenditures at about $1.5 million.
City officials said the property could be a parking garage for the northern portion of the downtown area, though development remains several years off.
The city earned about $100,000 in new rental income for leasing the property back to TWS once the sale was finalized.