The need to increase the amount of money in the Bradley County general fund balance was highlighted Monday.
Bradley County Mayor D. Gary Davis said increasing money in the fund balance would keep the county from having to temporarily move funds within the budget to continue operations before taxes came in.
The fund balance is used to approve amendments to the budget, and to provide operating costs during the time between the start of the new fiscal year and when property taxes come due.
“From July to December, there is no revenue coming in,” Davis said.
The mayor stressed the county was not incurring debt through this measure. It is simply borrowing from one county fund and moving it to another. The funds are paid back when property tax revenue comes in.
“I know some are not in favor of growing the fund balance. This is just another year and another proof that we have got to grow that fund balance in the general fund,” Davis said.
First District Commissioner Ed Elkins said this year the revenue would be further delayed.
“We are going to have a delay in the receipts in some of the revenue,” Elkins said. A software upgrade is keeping tax bills from going out until later this month.
Usually, the Trustee’s Office has the bills mailed before Oct. 1.
Elkins agreed with the mayor that the general fund balance needs to be increased.
Software changes at the assessor’s office have delayed tax information for the bills from going to the Trustee’s Office.
Fourth District Commissioner J. Adam Lowe asked if partial payments being received by the Trustee’s Office were put in the county account as they came in, or at a set time.
Davis said Trustee Mike Smith had told him no tax funding could be put in the county’s account until the tax bills went out.
Also during the meeting:
- A resolution was passed to cooperate with the Tennessee Department of Transportation during the widening of Georgetown Road from Cleveland Middle School to Hopewell Elementary School.
“There is no money involved. It is merely a cooperative proposal,” Davis said.
Lowe asked what would be requested as part of the right of way acquisition.
Davis said TDOT had not said where the right of way would need to be expanded.
- Appointments and reappointments were made to various committees. The 4th and 5th Districts are still working on recommendations for a representative to the Fire board.
- The Commission approved a three-year contract with Quality Correctional Health Care to provide medical services for Bradley County jail inmates.