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Carson Swinford
Carson Swinford
Finance Director 
(615) 371-0060 
E-mail

 

 

 

 

 

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 July 2013 in advance of the issuance of $10 million in General Obligation Public Improvement and Refunding Bonds.

The City of Brentwood is one of a very small number of local governments in the USA today having an AAA rating with a stable outlook. This rating makes the City’s bonds most attractive to investors and allows the City to receive the most favorable interest rates. This is very important in today’s investment market where credit quality is king. The rating agencies cited the City's historically well-managed financial operations, sizeable financial reserves, diverse tax base, the extremely strong wealth and income levels in the community, and low overall net debt burden.

City Budget

The General Fund annual budget for the City of Brentwood is approximately $34 million.
The 2014-2015 Operating Budget is as follows:

General Fund
Revenues by Source
Revenue Source 2014-2015
Amount
BUDGET
%
Local Sales Taxes $12,300,000 36.4%
Property Taxes 10,967,000  32.4%
State Shared Revenues  4,240,050 12.5%
Other Local Taxes 4,305,000 12.7%
Fines/Fees/Service Charges    869,100
2.6%
Licenses/Permits
774,200
2.3%
All Other (Including Interest) 344,000
1.0%
TOTAL REVENUES $33,799,350 100.00%

General Fund
Expenditures by Source
Department 2014-2015
Amount
BUDGET
%
Police/Emergency Comm $7,058,440 20.9%
Fire/Safety Center East
6,622,740
19.6%
General Government 5,364,345
15.9%
Public Works/Services 4,533,900 13.4%
Debt Service Fund 3,350,000 9.9%
Public Library 2,297,060 6.8%
Parks/Recreation 2,157,995 6.4%
All Other
1,293,065
3.8%
Transfers to Other Funds 1,110,000
3.3%
TOTAL EXPENDITURES $33,787,545 100.00%

Last updated: 7/1/2014 4:49:40 PM