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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 $33 million.
The 2013-2014 Operating Budget is as follows:

General Fund
Revenues by Source
Revenue Source 2013-2014
Amount
BUDGET
%
Local Sales Taxes $12,015,000 36.6%
Property Taxes 10,810,000  32.9%
State Shared Revenues  4,210,050 12.8%
Other Local Taxes 3,975,000 12.1%
Fines/Fees/Service Charges    776,100
2.4%
Licenses/Permits
729,700
2.2%
All Other (Including Interest) 344,000
1.0%
TOTAL REVENUES $32,859,850 100.00%

General Fund
Expenditures by Source
Department 2013-2014
Amount
BUDGET
%
Police/Emergency Comm $6,879,010 20.9%
Fire/Safety Center East
6,495,625
19.8%
General Government 5,243,705
16.0%
Public Works/Services 4,287,770
13.1%
Debt Service Fund 3,350,000 10.2%
Public Library 2,236,045 6.8%
Parks/Recreation 2,044,820 6.2%
All Other
1,185,500
3.6%
Transfers to Other Funds 1,123,135
3.4%
TOTAL EXPENDITURES $32,845,610 100.00%

Last updated: 7/30/2013 9:37:00 AM