A1/40-1 Actual Estimated Estimated 2020-2021 BUDGET 2018-2019 2019-2020 2020-2021 GENERAL FUND Local Taxes $2,154,418.00 $2,177,771.00 $2,039,601.00 State Shared Taxes 1,335,127.00 721,357.57 674,386.00 Licenses, Permits & Fines 183,124.00 175,100.00 118,370.00 Services & Facilities 34,338.00 70,100.00 49,050.00 Miscellaneous 93,808.00 1,566,259.35 1,510,500.00 Total General Revenues $3,800,815.00 $4,710,587.92 $4,391,907.00 DRUG FUND Drug Related Revenues $ 14,402.00 $ 11,800.00 $ 11,000.00 Total Drug Fund Revenues 14,402.00 $ 11,800.00 $ 11,000.00 WATER & SEWER FUND Water/Sewer Revenues $1,601,135.00 $2,139,590.00 $1,946,440.00 Total Water/Sewer Revenues $1,601,135.00 $2,139,590.00 $1,946,440.00 DEBT SERVICE FUND Revenues $ 245,527.17 $ 240,250.00 $ 242,700.00 Total Debt Service Revenues $ 245,527.17 $ 240,250.00 $ 242,700.00 SOLID WASTE FUND Revenues $ 499,273.00 $ 505,065.00 $ 604,628.00 Total Solid Waste Revenues $ 499,273.00 $ 505,065.00 $ 604,628.00 THEATER FUND Theater Revenues $ 63,298.00 $ 87,000.00 $ 81,700.00 Total Theater Revenues $ 63,298.00 $ 87,000.00 $ 81,700.00 APPROPRIATIONS/EXPENSES GENERAL FUND General Government 396,587.00 $ 620,375.00 $ 609,530.30 Police Department 1,345,637.00 1,469,000.00 1,445,950.00 Fire Department 474,082.00 488,247.39 431,875.00 Street Department 643,597.00 1,640,108.51 1,300,500.00 Street Lighting 110,153.00 117,000.00 115,500.00 Parks Department 239,960.00 256,550.00 401,200.00 Public Affairs 3,700.00 3,700.00 3,700.00 Tourism & Economic 138,685.00 54,200.00 25,400.00 Total General Fund $3,352,401.00 $4,649,180.90 $4,333,655.30 DRUG FUND Expenses $ 152.00 $ 7,000.00 $ 7,000.00 Total Expenses $ 152.00 $ 7,000.00 $ 7,000.00 WATER & SEWER FUND Expenses $1,488,867.00 $2,108,111.20 $1,808,021.12 Total Water/Sewer Expenses $1,488,867.00 $2,108,111.20 $1,808.021.12 DEBT SERVICE FUND Expenses $ 216,380.00 $ 282,231.00 $ 226,586.00 Total Debt Service Expenses $ 216,380.00 $ 282,231.00 $ 226,586.00 SOLID WASTE FUND Expenses $ 437,721.00 $ 436,896.00 $ 432,745.00 Total Solid Waste Revenues $ 437,721.00 $ 436,896.00 $ 432,745.00 THEATER FUND Expenses $ 96,128.00 $ 84,850.00 $ 78,650.00 Total Theater Expenses $ 96,128.00 $ 84,850.00 $ 78,650.00 No appropriations listed above may be exceeded without appropriate ordinance action to amend the budget. A detailed line-item financial plan (budget) shall be prepared In support of the budget. All unencumbered (not spent) balances of appropriation remaining at the end of the fiscal year shall lapse and revert to the respective fund balance. The appropriations of this budget shall become the appropriation for the next fiscal year until the budget for the next year has been adopted. There is hereby levied a property tax of the following for each $100 assessed valuation for the purpose of funding general fund services” Carroll County 1.0826 Henry County 1.8933 Weakley County 1.0661 The ordinance shall take effect Friday, July 1, 2020, the public welfare requiring it. Respectfully submitted this 9th day of July, 2020 Jennifer Waldrup, City Recorder City of McKenzie, Tennessee Budget for the Fiscal Year July 1, 2020 – June 30, 2021 The City of McKenzie, Tennessee, hereby provides certain fi nancial information for the 2020-2021 fi scal year budgets in accordance with the requirements of TCA Title 6, Chapter 56, Section 206. There will be a public hearing concerning the budget at the McKenzie City Hall, located at 2470 Cedar Street, McKenzie, Tennessee on Thursday, July 9, 2020 at 6 p.m. All citizens are welcome to attend and to participate. The budget and supporting data are public records and available for public inspection by any citizen of the State of Tennessee. They are available at the McKenzie City Hall during normal business hours, 8:30 a.m.-4:30 p.m., Monday-Friday.
