|Carson Swinford |
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 April 2012 in advance of the issuance of $6.6 million in Water and Sewer System Revenue & Tax Bonds and $3.4 million in General Obligation Public Improvement Refunding Bonds.
The City of Brentwood is among a unique group (2%) of the local governments in the USA today having an AAA rating with a stable outlook. This rating makes our bonds attractive to investors and allows the City to receive the most favorable interest rates. This is very important in today’s unstable investment market where credit quality is king. The rating agencies cited the City's strong financial management practices, solid financial reserves, diverse tax base, the extremely strong wealth and income levels in the community, and low overall debt burden.
The General Fund annual budget for the City of Brentwood is approximately $30 million.
The 2012-2013 Operating Budget is as follows:
Revenues by Source
|Local Sales Taxes
|State Shared Revenues
|Other Local Taxes
|All Other (Including Interest)
Expenditures by Source
|Fire/Safety Center East
|Debt Service Fund
|Transfers to Municipal Center/Facility Maint Funds