Details for City of Franklin Budget 2021

Notice is hereby given that the Board of Mayor and Aldermen of the City of Franklin will hold a
Public Hearing concerning Ordinance 2021-15, Ordinance 2021-16, Ordinance 2021-17, Ordinance
2021-18 and Resolution 2021-94 on the 8th day of June at 7:00 p.m. in the Board Room at City Hall for
the purpose of receiving comments from interested citizens regarding the proposed budget for the
City of Franklin for the fiscal year 2021-22.

LEGALS

LEGALS

VIII. ROAD IMPACT FEE FUND
Beginning Fund Balance (projected)

$ 16,589,763

$ 22,442,977

$ 26,964,724

REVENUE
Current Year Revenue
Total Revenue

$ 12,953,558
$ 12,953,558

$
$

8,604,377
8,604,377

$
$

4,569,727
4,569,727

EXPENDITURES
Transfer to Debt Service Fund
Operations
Total Expenditures

$
$
$

$
$
$

2,730,825
1,351,805
4,082,630

$
$
$

2,893,316
3,050,000
5,943,316

Ending Fund Balance (projected)

$ 22,442,977

$ 26,964,724

$ 25,591,135

Beginning Fund Balance (projected)

$

7,671,058

$

7,503,829

$

5,033,903

REVENUE
Current Year Revenue
Total Revenue

$
$

3,390,805
3,390,805

$
$

1,873,057
1,873,057

$
$

3,594,080
3,594,080

EXPENDITURES
Transfer to Debt Service Fund
Convention & Visitors Bureau
Operations
Capital
Total Expenditures

$
$
$
$
$

1,092,153
1,004,428
1,039,713
421,740
3,558,034

$
$
$
$
$

1,281,604
1,080,243
1,766,850
214,286
4,342,983

$
$
$
$
$

1,019,071
1,080,243
400,000
214,286
2,713,600

Ending Fund Balance (projected)

$

7,503,829

$

5,033,903

$

5,914,383

The following is a summary of the proposed budget:
Actual
2019-2020

Estimated
2020-2021

Proposed
2021-2022

Beginning Fund Balance (projected)

$ 53,201,974

$ 53,216,285

$ 57,027,092

REVENUE
Property Taxes
Sales Tax (Local)
Other Local Taxes
Intergovernmental
Licenses and Permits
Charges for Services
Fines and Forfeitures
Use of Money and Property
Other Revenue
Total Revenue

$
7,901,599
$ 35,453,379
$
4,998,447
$ 14,334,306
$
4,894,426
$
72,775
$
388,668
$
1,208,681
$
704,299
$ 69,956,580

$
8,457,348
$ 39,512,020
$
5,124,094
$ 15,878,825
$
4,876,521
$
95,000
$
299,418
$
440,199
$
632,651
$ 75,316,076

$
8,267,904
$ 45,121,566
$
4,915,012
$ 18,925,804
$
5,033,816
$
95,000
$
431,384
$
438,750
$
1,238,396
$ 84,467,633

Departments
Elected Officials
Administration
Human Resources
Law
Communications
Police
Fire
Finance
Purchasing
Information Technology
Revenue Management
Court
Facilities & Project Management
Building & Neighborhood Services
Planning & Sustainability
Engineering
Traffic Operations Center
Economic Development
Streets - Street Maintenance
Streets - Traffic Operations
Streets - Fleet Maintenance
Parks
General Expense
Appropriations
Transfers to Other Funds
Total Expenditures

$
358,690
$
1,261,084
$
1,270,498
$
548,969
$
377,977
$ 16,623,853
$ 18,889,431
$
931,572
$
260,486
$
3,835,596
$
135,472
$
276,896
$
1,253,893
$
3,145,299
$
1,395,702
$
1,449,218
$
939,066
$
90,844
$
4,619,263
$
1,572,920
$
942,337
$
5,797,545
$ (2,019,114)
$
486,738
$
5,498,033
$ 69,942,269

$
325,064
$
1,261,235
$
1,128,949
$
586,148
$
439,152
$ 17,777,475
$ 19,820,332
$
936,786
$
266,276
$
3,800,037
$
156,143
$
336,343
$
1,134,440
$
2,842,296
$
1,539,411
$
1,493,929
$
1,686,305
$
71,261
$
4,076,155
$
1,574,146
$
796,326
$
4,673,051
$
799,510
$
445,656
$
3,538,843
$ 71,505,269

$
447,069
$
1,515,424
$
1,461,442
$
700,689
$
451,475
$ 19,150,917
$ 20,004,011
$
1,026,626
$
358,298
$
4,346,008
$
209,126
$
271,173
$
1,201,247
$
3,469,867
$
1,881,741
$
1,553,445
$
2,687,776
$
88,855
$
4,557,837
$
1,583,138
$
1,265,553
$
6,065,305
$
4,051,786
$
506,458
$
5,612,364
$ 84,467,632

ENDING FUND BALANCE (projected)

$ 53,216,285

$ 57,027,092

$ 57,027,092

I. REVENUES - GENERAL FUND

IX. HOTEL/MOTEL TAX FUND

II. EXPENDITURES - GENERAL FUND

Budgeted Use of Fund Balance

$

FULL-TIME EQUIVALENT EMPLOYEES
SALARIES
OTHER COSTS

585
$ 35,317,639
$ 34,624,630

587
$ 35,558,536
$ 35,946,733

595
$ 41,079,770
$ 43,387,862

-

$

-

$

-

$

$

$

III. SANITATION & ENVIRONMENTAL SERVICES FUND
Beginning Fund Balance (projected)

2,636,421
4,463,923
7,100,344

1,957,563

1,066,081

1,446,013

REVENUE
Current Year Revenue
Total Revenue

$
$

9,732,925
9,732,925

$ 10,660,349
$ 10,660,349

$ 10,727,543
$ 10,727,543

EXPENDITURES
Personnel
Operations
Capital
Total Expenditures

$
3,450,069
$
5,965,558
$
1,208,781
$ 10,624,407

$
3,541,571
$
6,107,501
$
631,345
$ 10,280,416

$
3,768,299
$
6,443,022
$
966,335
$ 11,177,656

Ending Fund Balance (projected)

$

1,066,081

$

1,446,013

$

995,900

FULL-TIME EQUIVALENT EMPLOYEES
SALARIES
OTHER COSTS

$
$

45
1,969,233
8,655,174

$
$

45
2,063,363
8,217,053

$
$

46
2,265,749
8,911,907

X. COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUND
Beginning Fund Balance (projected)

$

100,451

$

113,066

$

200,879

REVENUE
Current Year Revenue
Total Revenue

$
$

282,395
282,395

$
$

639,813
639,813

$
$

778,000
778,000

EXPENDITURES
Operations
Total Expenditures

$
$

269,780
269,780

$
$

552,000
552,000

$
$

776,000
776,000

Ending Fund Balance (projected)

$

113,066

$

200,879

$

202,879

Beginning Fund Balance (projected)

$

438,184

$

520,472

$

602,972

REVENUE
Current Year Revenue
Total Revenue

$
$

181,384
181,384

$
$

171,500
171,500

$
$

129,500
129,500

EXPENDITURES
DRUG-ENFORCEMENT RELATED EXPENDITURES
Total Expenditures

$
$

99,096
99,096

$
$

89,000
89,000

$
$

258,500
258,500

Ending Fund Balance (projected)

$

520,472

$

602,972

$

473,972

REVENUE
Beginning Fund Balance (projected)

$

817,649

$

817,912

$

1,043,312

Operating Revenue
Transfer from General Fund
Total Revenue

$
$
$

2,240,033
371,653
2,611,686

$
$
$

2,073,892
903,034
2,976,926

$
$
$

2,472,419
815,364
3,287,783

EXPENDITURES
Operations
Capital
Total Expenditures

$
$
$

2,446,053
165,370
2,611,423

$
$
$

2,545,897
205,629
2,751,526

$
$
$

3,087,783
200,000
3,287,783

Ending Fund Balance (projected)

$

817,912

$

1,043,312

$

1,043,312

Beginning Fund Balance (projected)

$

372,887

$

804,607

$

729,607

$ 10,958,447
$ 38,630,224
$
333,953
$
142,438
$
2,500,000
$
200,000
$
208,317
$
2,636,421
$
1,092,153

XI. DRUG FUND

XII. TRANSIT FUND

XIII. DEBT SERVICE FUND

Beginning Fund Balance (projected)

$ 15,091,277

$ 10,694,849

$ 11,097,035

REVENUE
Property Taxes
Debt Issuance/Refinancing
Rebate on BAB / RZEDB Bonds
Interest Income
Transfer from General Fund
Transfer from Water/Sewer Fund
Transfer from Solid Waste Fund
Transfer from Road Impact Fund
Transfer from Hotel/Motel Tax Fund

REVENUE
Current Year Revenue
Total Revenue

$
$

3,485,487
3,485,487

$
$

3,272,364
3,272,364

$
$

2,678,376
2,678,376

Total Revenue

$ 56,701,953

$ 15,256,144

$ 16,124,938

EXPENDITURES
Fire, Police, Sanitation & Parks
Total Expenditures

$
$

7,881,915
7,881,915

$
$

2,870,178
2,870,178

$
$

545,300
545,300

EXPENDITURES
Debt Service
Total Expenditures

$ 56,270,233
$ 56,270,233

$ 15,331,144
$ 15,331,144

$ 16,099,937
$ 16,099,937

Ending Fund Balance (projected)

$ 10,694,849

Ending Fund Balance (projected)

$

804,607

$

729,607

$

754,608

REVENUE
Beginning Fund Balance (projected)

$

8,005,878

$

8,236,553

$

7,240,260

Operating Revenue
Total Revenue

$
$

1,757,183
1,757,183

$
$

750,032
750,032

$
$

1,044,768
1,044,768

EXPENDITURES
Operations
Capital
Total Expenditures

$
$
$

1,526,508
1,526,508

$
$
$

1,511,850
234,475
1,746,325

$
$
$

Ending Fund Balance (projected)

$

8,236,553

$

7,240,260

$

IV. CITY FACILITIES TAX FUND

$ 11,097,035

$ 13,230,111

Beginning Fund Balance (projected)

$

3,958,958

$

3,673,984

$

4,427,758

REVENUE
Current Year Revenue
Total Revenue

$
$

1,000,026
1,000,026

$
$

878,774
878,774

$
$

757,649
757,649

EXPENDITURES
Capital
Total Expenditures

$
$

1,285,000
1,285,000

$
$

125,000
125,000

$
$

Ending Fund Balance (projected)

$

3,673,984

$

4,427,758

$

5,185,407

$

3,800,010

$

2,695,401

$

2,473,517

-

VI. STORMWATER MANAGEMENT FUND

8,285,028

XV. WATER and SEWER ENTERPRISE FUND

REVENUE
Stormwater Fees

$

2,572,632

$

2,610,000

$

2,756,750

Other Income
Total Revenue

$
$

89,175
2,661,807

$
$

37,500
2,647,500

$
$

50,000
2,806,750

EXPENDITURES
Personnel
Operations
Capital
Total Expenditures

$
$
$
$

1,709,489
846,199
1,210,728
3,766,416

$
$
$
$

1,791,245
828,139
250,000
2,869,384

$
$
$
$

1,870,571
932,330
2,802,901

Ending Fund Balance (projected)

$

2,695,401

$

2,473,517

$

2,477,366

$
$

22
1,140,295
2,626,121

$
$

22
1,138,311
1,731,073

$
$

22
1,257,736
1,545,165

Beginning Fund Balance (projected)

$

496,410

$

601,819

$

603,917

REVENUE
Current Year Revenue
Total Revenue

$
$

3,739,949
3,739,949

$
$

3,621,119
3,621,119

$
$

3,615,409
3,615,409

EXPENDITURES
Operations
Total Expenditures

$
$

3,634,540
3,634,540

$
$

3,619,021
3,619,021

$
$

3,871,097
3,871,097

Ending Fund Balance (projected)

$

601,819

$

603,917

$

348,229

FULL-TIME EQUIVALENT EMPLOYEES
SALARIES
OTHER COSTS

$ 11,778,039
$
$
$
25,000
$
$
200,000
$
209,512
$
2,893,316
$
1,019,071

XIV. PARKLAND DEDICATION FUND

V. COUNTY FACILITIES TAX FUND

Beginning Fund Balance (projected)

$ 10,809,651
$
$
$
25,000
$
$
200,000
$
209,064
$
2,730,825
$
1,281,604

VII. STATE STREET AID & TRANSPORTATION FUND

REVENUE
Beginning Cash Balance (projected)

$ 35,916,841

$ 48,777,414

$ 46,399,226

Charges for Services
Uses of Money & Property
Transfers
Total Revenue

$ 31,887,023
$
997,435
$
1,285,000
$ 34,169,458

$ 31,100,475
$
373,750
$
$ 31,474,225

$ 33,144,808
$
511,000
$
1,000,000
$ 34,655,808

EXPENDITURES
Personnel
Operations
Capital
Total Expenditures

$
7,232,226
$ 14,076,659
$
$ 21,308,885

$
7,097,614
$ 20,081,747
$
6,673,052
$ 33,852,413

$
7,741,142
$ 20,964,887
$
6,118,500
$ 34,824,529

Ending Cash Balance (projected)

$ 48,777,414

$ 46,399,226

$ 46,230,505

FULL-TIME EQUIVALENT EMPLOYEES
SALARIES
OTHER COSTS

96
$
4,562,714
$ 16,746,171

96
$
4,572,240
$ 29,280,173

100
$
5,206,167
$ 29,618,362

The General Fund Budget includes appropriations to non-profit charitable and civic organizations for uses
and purposes believed to benefit the general welfare of the residents of the City of Franklin.
To view the proposed budget book of the City of Franklin, Tennessee, indicating intra-departmental expenditures
please contact the Office of the City Administrator, City Hall, 109 Third Avenue South, Franklin, Tennessee between
the hours of 8:00 a.m. and 5:00 p.m., Monday through Friday by phone at 615-791-3217, or the Finance Department
by phone at 615-791-1457 to make arrangements.
The property tax rate established by the 2021-2022 budget for the City of Franklin will not exceed the certified
tax rate of thirty-two & sixty-one/hundredths cents ($.3261) per hundred dollars of assessment. All persons
interested in commenting regarding the budget of the City of Franklin are invited to attend the Public Hearing to be
held Tuesday, June 8, 2021.
Respectfully Submitted,
Eric S. Stuckey
City Administrator

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