City of Brentwood - Finance Department

In November 2007, Moody's Investors Service reaffirmed the City's AAA bond rating. This represents Moody's highest quality rating and will permit the City to receive more favorable interest rates on our bonds and upgrades the quality of all existing bonds on the market. Per the Moody's report, "The AAA rating incorporates the city's wealthy, diverse and growing tax base, a favorable debt profile that benefits from the city' self-supporting water/sewer enterprise system, and historically well-managed financial operations." The City of Brentwood is proud to be one of only three governmental entities in the State of Tennessee with Moody's highest rating.

Date	Rating
October 1991	A1
March 1994	Aa
August 1997	Aa2
January 1998	Aa1
January 2000	Aaa

The General Fund annual budget for the City of Brentwood is approximately $29 million. The 2007-2008 Operating Budget is as follows:

General Fund Revenues by Source
Revenue Source	2007-2008 Amount	BUDGET %
Property Taxes	$9,278,500	31.9%
Local Sales Taxes	10,200,000	35.0%
State Shared Revenues	4,046,045	13.9%
Other Local Taxes	3,421,800	11.7%
Licenses/Permits	940,000	3.2%
Fines/Fees/Service Charges	568,000	1.9%
All Other (Including Interest)	707,200	2.4%

TOTAL REVENUES	$29,161,545	100.00%

General Fund Expenditures by Source
Department	2007-2008 Amount	BUDGET %
Police/Emergency Comm.	$6,281,615	21.6%
Fire	5,608,395	19.2%
General Government	4,695,580	16.1%
Public Works/Services	3,860,445	13.2%
Debt Service Fund	3,150,000	10.8%
Public Library	1,941,840	6.7%
Parks/Recreation	1,636,135	5.6%
Capital Projects Fund	970,000	3.3%
All Other	1,009,335	3.5%
TOTAL EXPENDITURES	$29,153,345	100.00%

Graphs of General and Capital Improvement Program Funds
Click on a graph to enlarge

Revenues by Source

Expenditures by Source

Capital Improvements Program

Fiscal Years 2008-2013

Average Residential Property Tax in Brentwood FY 2007-2008
Assumptions: Home valued at $420,000 (Assessed value=$105,000)
Property Taxes City $515 (18%) County $2,373 (82%)	The majority of County Property Taxes is for the funding of Williamson County Schools

	Finance	Carson Swinford Finance Director 615-371-0060