MADISON COUNTY, TENNESSEE BUDGET FOR THE FISCAL YEAR
ENDING JUNE 30, 2022 Actual Estimated Proposed
BUDGET COMMITTEE 2019-2020 2020-21 2020-21
PROPOSED BUDGET
GENERAL FUND
-------------------------------
Estimated Revenues & Other Sources
Local Taxes $ 30.837,620 $ 36,042,609 35,590,999
State of Tennessee 2,243,376 2,574,058 1,606,764
Federal Government 236,835 2,845,905 1,819,843
Other Sources 12,872,120 10,281,610 10,028,938
Total Estimated Revenues
& Other Sources $ 46,189,951 $ 51,744,182 $ 49,046,544
Estimated Expenditures & Other Uses
Salaries $ 23,924,678 $ 24,695,652 $ 26,708,081
Other Cost 21,194,211 21.851,998 23,114,788
Total Estimated Expenditures
& Other Uses $ 45,118,889 $ 46,547,650 $ 49,822,869
Excess of Estimated Revenue
over or (under)
Estimated Expenditures $ 1,071,062 $ 5,196,533 $ (776,325)
Estimated Beginning
Fund Balance - July 1 9 ,914,036 10,985,098 16,181,631
Estimated Ending Fund
Balance - June 30 $ 10,985,098 $ 16,181,631 $ 15,405,306
Full Time Employee Positions 598 (as of June 2021)
HIGHWAY/PUBLIC WORKS FUND
-------------------------------
Estimated Revenues & Other Sources
Local Taxes $ 1,907,198 $ 1,939,404 1,912,211
State of Tennessee 3,359,068 2,941,372 4,060,193
Other Sources 110,082 28,649 11,000
Total Estimated Revenues
& Other Sources $ 5,376,348 $ 4,909,425 $ 5,983,404
Estimated Expenditures & Other Uses
Salaries $ 1,289,621 $ 1,367,936 1,745,477
Other Costs 2,963,598 4,591,708 6,297,125
Total Estimated Expenditures
& Other Uses $ 4,253,219 $ 5,959,644 $ 8,042,602
Excess of Estimated Revenue over or (under)
Estimated Expenditures $ 1,123,129 $ (1,050,219 ) $ (2,059,198)
Estimated Beginning Fund
Balance - July 1 10,057,139 11,180,268 10,130,049
Estimated Ending Fund
Balance - June 30 $ 11,180,268 $ 10,130,049 $ 8,070,851
Full Time Employee Positions 26 (as of June 2021)
GENERAL PURPOSE SCHOOL FUND
-------------------------------
Estimated Revenues & Other Sources Local
Taxes $ 45,327.491 $ 47,761,862 46,663,485
State of Tennessee 55,081,148 56,621,706 56,978,661
Federal Government 176,434 1,484,980 283,907
Other Sources 1,393,611 3,672,047 1,298,717
Total Estimated Revenues
& Other Sources $ 101,978,684 $ 109,540,595 $105,224,770
Estimated Expenditures & Other Uses
Salaries $ 66,098,768 $ 68,583,900 71,861,900
Other Costs 36,657,554 38,113,912 39,005,361
Total Estimated Expenditures
& Other Uses $ 102,756,322 $ 106,697,812 $110,867,261
Excess of Estimated Revenue over or (under)
Estimated Expenditures $ (777,638) $ 2,842,783 $ (5,642,491)
Estimated Beginning Fund
Balance - July 1 13,858,525 13,080,887 15,923,670
Estimated Ending Fund
Balance - June 30 $ 13,080,887 $ 15,923,670 $ 10,281,179
Full Time Employee Positions 1,685 (as of June 2021)
DEBT SERVICE FUND
-------------------------------
Local Taxes $ 12,970,713 $ 12,644,164 $ 13,301,365
Other Sources 3,204,802 927,100 1,351,500
Total Estimated Revenues
& Other Sources $ 16,175,515 $ 13,571,264 $ 14,652,865
Estimated Expenditures & Other Uses Debt
Service Cost $ 13,955,972 $ 13,183,149 $ 13,956,289
Total Estimated Expenditures
& Other Uses $ 13,955,972 $ 13,183.149 $ 13,956,289
Excess Estimated Revenue over or (under)
Estimated Expenditures $ 2,219,543 $ 388,115 $ 696,576
Estimated Beginning Fund
Balance - July 1 13,789,769 $ 16,009,312 16,397,427
Estimated Ending Fund
Balance - June 30 $ 16,009,312 $ 16,397,427 $ 17,094,003
Published May 26, 2022 and June 2, 2022