McMinn County budget
Details for McMinn County budget
PROPOSED BUDGET BUDGET BUDGET GENERAL FUND FY 2012-2013 FY 2013-2014 FY 2014-2015 ESTIMATED REVENUES AND OTHER SOURCES Local Taxes $5,840,621 $5,960,190 $5,963,434 State of Tennessee 1,408,039 1,923,970 2,291,3990 Other Sources 1,965,303 2,030,164 2,006,131 TOTAL ESTIMATED REVENUES AND OTHER SOURCES $9,213,963 $9,914,324 $10,260,964 ESTIMATED EXPENDITURES AND OTHER USES Salaries $4,832,287 $5,029,485 $5,231,564 Other Cost 5,155,686 5,866,90 6,108,688 TOTAL ESTIMATED EXPENDITURES AND OTHER USES $9,987,973 $10,896,394 $11,340,252 Estimated Beginning Fund Balance - July 1 $1,931,962 $2,164,665 $2,286,6265 Estimated Ending Fund Balance - June 30 $1,157,952 $1,182,595 $1,207,338 Employee Positions 145 150 154 HIGHWAY/PUBLIC WORKS FUND ESTIMATED REVENUES AND OTHER SOURCES Local Taxes $1,571,918 $1,571,554 $1,576,307 State of Tennessee 1,924,805 1,924,805 1,924,805 Other Sources 11,145 11,145 11,145 TOTAL ESTIMATED REVENUES AND OTHER SOURCES $3,507,868 $3,507,504 $3,512,257 ESTIMATED EXPENDITURES AND OTHER USES Salaries $1,669,118 $1,672,697 $1,678,055 Other Cost 2,503,232 2,503,232 2,497,874 TOTAL ESTIMATED EXPENDITURES AND OTHER USES $4,157,350 $4,175,929 $4,175,929 Estimated Beginning Fund Balance - July 1 $2,061,488 $2,053,766 $2,282,307 Estimated Ending Fund Balance - June 30 $1,412,006 $1,385,341 $1,618,635 Employee Positions 50 48.5 48.5 GENERAL PURPOSE SCHOOL FUND ESTIMATED REVENUES AND OTHER SOURCES Local Taxes $10,558,539 $10,501,531 $10,501,531 State of Tennessee 25,990,479 26,830,265 26,830,265 Federal Government 107,688 111,900 111,900 Other Sources 203,000 102,624 102,624 TOTAL ESTIMATED REVENUES AND OTHER SOURCES $36,859,706 $37,546,320 $37,546,320 ESTIMATED EXPENDITURES AND OTHER USES Salaries $23,580,756 $23,829,820 $23,829,820 Other Cost 13,673,940 14,369,620 14,369,620 TOTAL ESTIMATED EXPENDITURES AND OTHER USES $37,254,696 $38,199,440 $38,199,440 Estimated Beginning Fund Balance - July 1 $3,070,087 $3,876,051 $3,160,575 Estimated Ending Fund Balance - June 30 $2,675,097 $3,222,931 $2,106,217 Employee Positions 544.5 546.5 597.0 All Citizens are hereby notified of your right to provide written and oral comment to the body responsible for enacting the budget, and to ask questions concerning the entire budget. You are advised that the complete detail Fiscal Year 2014-2015 Budget is available for your review in the McMinn County Mayor’s Office at the Courthouse between 8:30 a.m.-4:00 p.m., Monday-Friday. ACounty tax rate of $1.6155 per $100.00 of assessed valuation together with other revenues estimated to be received will be sufficient to meet all proposed expenditures for the fiscal year. Current tax revenue is estimated at 93% of the levy. This provides a 7% Delinquency Reserve based on the collection experience of prior years. The tax rate for schools is sufficient to provide revenue from all sources in excess of the minimum required by the state. This money will be distributed among the school systems of Athens, Etowah and the County based on a weighted average daily attendance. We wish to express our thanks to the members of the Commission and to the Finance Office Staff who did much of the detailed work in the preparation of this budget. Respectfully Submitted, McMINN COUNTY BUDGET COMMITTEE McMINN COUNTY, TENNESSEE PROPOSED BUDGET FOR THE YEAR ENDING JUNE 30, 2015 As required by Tennessee Code Annotated Section 5-8-507 a Budgetary Comparison for specific funds is presented below relative to the Fiscal Year 2013-2014 Budget to be approved by the McMinn County Commission on July 31, 2014, in special called session at 12:00 p.m. in the Blue Room of the McMinn County Courthouse.
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