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.