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Carson Swinford
Finance Director
(615) 371-0060
E-mail |
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The Finance Department is responsible for the control of all financial activities of the City. The Department manages financial resources and ensures that adequate resources are available. The Department is also responsible for the Annual Budget; Business License and Taxes; CAFR; Capital Improvements Program; Purchasing Program; Surplus Auction; Property Taxes; and Water & Utility Billing.
AAA Bond Ratings
The City of Brentwood places the highest priority on operating the municipal government in a financially sound manner. In September, 2008, Brentwood became the first government in middle Tennessee to receive the highest bond rating possible from two major credit rating agencies, Moody’s Investors Service (Aaa) and Standard and Poor’s (AAA). These ratings were reaffirmed in November, 2009.
The outstanding bond ratings allow the City to receive the most favorable interest rates, particularly in today’s unstable investment market where credit quality is king. The rating agencies cited the “city’s wealthy, diverse and growing tax base, a favorable debt profile that benefits from the city’s self-supporting water/sewer enterprise system, historically well-managed financial operations and solid financial reserves.”
City Budget
The General Fund annual budget for the City of Brentwood is approximately $30 million.
The 2010-2011 Operating Budget is as follows:
General Fund
Revenues by Source |
| Revenue Source |
2010-2011
Amount |
BUDGET
% |
| Property Taxes |
$10,750,000 |
36.1% |
| Local Sales Taxes |
9,975,000 |
33.5% |
| State Shared Revenues |
3,928,825 |
13.2% |
| Other Local Taxes |
3,486,500 |
11.7% |
| Licenses/Permits |
440,200
|
1.5% |
| Fines/Fees/Service Charges |
770,500
|
2.6% |
| All Other (Including Interest) |
429,000
|
1.4% |
| TOTAL REVENUES |
$29,780,025 |
100.00% |
General Fund
Expenditures by Source |
| Department |
2010-2011
Amount |
BUDGET
% |
| Police/Emergency Comm |
$6,391,000 |
21.5% |
Fire/Safety Center East
|
6,095,210
|
20.5% |
| General Government |
4,646,960
|
15.6% |
| Public Works/Services |
3,874,755
|
13.0% |
| Debt Service Fund |
3,150,000 |
10.6% |
| Public Library |
2,060,310 |
6.9% |
| Parks/Recreation |
1,723,250 |
5.8% |
Transfers to Municipal Center/Facility Maint Funds
|
653,400
|
2.2% |
| All Other |
1,183,960
|
4.0% |
| TOTAL EXPENDITURES |
$29,778,845 |
100.00% |