Categorized | Public Notice

6/13/13 City of millington Budget for FY14

              FY12        FY13        FY14

                Actual      Estimated     Proposed

General Fund


Revenues
Local Taxes            6,351,200    6,518,764    7,282,025
State of TN              866,755      869,059      868,100
Federal Government       142,006      195,337      204,177
Other Sources          3,279,637    2,956,450    2,726,164
Total                 10,639,598   10,539,610   11,080,466

Expenditures
Personnel                                            7,253,761             7,130,273            6,900,233
O & M                                                     2,659,693             2,819,045             2,888,930
Transfers, Net                                         786,511                806,389              1,291,303
Total                                                    10,699,965         10,755,707          11,080,466

Fund Balance
Beginning                                            6,500,457           6,440,090              6,223,993
Ending                                                  6,440,090             6,223,993             6,223,993

Employee Positions                                 143.6                        145.6                     130.6

State Street Aid Fund
Revenues
State of TN                                               288,302                 279,027               272,224
Other Sources                                           15,271                       2,762                     1,012
Total                                                          303,573                  281,789               273,236

Expenditures
Personnel                                                375,505                  372,915                314,709
O & M                                                         299,281                   317,280               369,207
Operating Transfers In                    (222,619)                (408,406)            (410,680)
Total                                                         452,167                    281,789               273,236

Fund Balance
Beginning                                               160,148                        11,554                   11,554
Ending                                                        11,554                        11,554                   11,554

Employee Positions                                      10                                 10                               7

Debt Service Fund
Revenues                                                            0                                  54                             10

Expenditures
Principal                                               425,411                         441,411                513,420
Interest & Fiscal Charges              225,043                        223,022                243,013
Operating Transfers In                 (728,892)                     (594,983)             (756,423)
Total                                                       (78,438)                          69,450                             10

Fund Balance
Beginning                                                     –                                   78,438                      8,998
Ending                                                    78,438                                8,998                      8,998

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