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For the Years Ending June 30 - Blount County Government

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<strong>Blount</strong> <strong>County</strong><br />

<strong>Government</strong><br />

William A. Crisp<br />

<strong>County</strong> Executive<br />

David R. Bennett<br />

Director of Accounts & Budgets/<br />

Assistant <strong>County</strong> Executive<br />

Annual Report <strong>For</strong> The<br />

Year Ended <strong>June</strong> <strong>30</strong>, 2000<br />

Your<br />

<strong>County</strong> Commission<br />

Keith Brock John T. Keeble<br />

Dennis Cardin<br />

Bob Kidd<br />

W.C. (Bob) Evans Ralph Lindsey<br />

J.C. Franklin<br />

Jeff McCall<br />

Ron French Kenneth Melton<br />

Larry Garner Virginia Morton<br />

David Graham Dan Neubert, Sr.<br />

Steve Hargis Robert L. Ramsey<br />

James Hill<br />

Steve Samples<br />

James Leroy Huff Kevin Shepherd<br />

Richard Williams, Jr.<br />

Look Inside <strong>For</strong> . . .<br />

L Current Financial<br />

Figures<br />

L Trend Information<br />

L Future Plans<br />

L <strong>Blount</strong> Demographics<br />

L And Much More!<br />

<strong>Blount</strong> <strong>County</strong><br />

<strong>Government</strong><br />

341 Court Street<br />

Maryville, TN 37804<br />

(865) 273-5710<br />

www.blount.state.tn.u


<strong>Blount</strong> <strong>County</strong> Taxes<br />

Are Low!<br />

<strong>Blount</strong> <strong>County</strong><br />

Statement of Revenues<br />

Tennessee ranks as 42nd out of <strong>the</strong> 50 <strong>For</strong> <strong>the</strong> <strong>Years</strong> <strong>Ending</strong> <strong>June</strong> <strong>30</strong><br />

states for property taxes per capita.<br />

<strong>Blount</strong> <strong>County</strong>'s $2.36 tax rate ranks<br />

as <strong>the</strong> 37th lowest in <strong>the</strong> State of<br />

Tennessee out of 95 counties. The lowest is<br />

$1.50 (Sevier <strong>County</strong> & Dekalb <strong>County</strong>).<br />

and <strong>the</strong> highest is $4.21 (Morgan <strong>County</strong>).<br />

Where Does <strong>the</strong> <strong>County</strong> Get Its Money<br />

(It's Not All From Property Taxes)<br />

Your $2.36 Tax Bill is Divided:<br />

Debt Service<br />

$0.520<br />

Federal<br />

9%<br />

7%<br />

2%<br />

O<strong>the</strong>r<br />

2000 REVENUES<br />

General Co.<br />

$0.815<br />

Charges &<br />

Fines<br />

36%<br />

State of TN<br />

Schools<br />

$1.025<br />

Property<br />

Taxes<br />

Appraised Value $100,000<br />

<strong>30</strong>%<br />

Homeowner's Ratio 25.00%<br />

Assessment Value $25,000<br />

Per $100 Assessment Value x .01 Revenues (1)<br />

2000 Tax Rate x $2.36 1997 1998 1999 2000<br />

Annual <strong>County</strong> Tax Bill $590.00<br />

Alcoa City<br />

Your Taxes on a<br />

$100,000 House:<br />

Local School Funding is<br />

Split by Attendance<br />

(WFTEADA)*<br />

Maryville<br />

City<br />

<strong>Blount</strong><br />

<strong>County</strong><br />

8.22%<br />

25.74%<br />

66.04%<br />

O<strong>the</strong>r Local Tax<br />

State of Tennessee $27,973 $<strong>30</strong>,989 $32,596 $34,066<br />

Property Taxes 18,475 19,878 23,203 28,124<br />

O<strong>the</strong>r Local Tax 12,572 13,010 13,276 14,759<br />

Charges & Fines 6,464 7,226 7,455 8,726<br />

Federal <strong>Government</strong> 4,956 5,159 4,496 6,436<br />

O<strong>the</strong>r Revenue 1,772 2,028 2,464 2,573<br />

Total (in Thousands) $72,212 $78,290 $83,490 $94,684<br />

State of Tennessee 38.7% 39.6% 39.0% 36.0%<br />

Property Taxes 25.6% 25.4% 27.8% 29.7%<br />

O<strong>the</strong>r Local Tax 17.4% 16.6% 15.9% 15.6%<br />

Charges & Fines 9.0% 9.2% 8.9% 9.2%<br />

Federal <strong>Government</strong> 6.9% 6.6% 5.4% 6.8%<br />

*Weighted Full Time Equivalent Average Daily Attendance O<strong>the</strong>r Revenue 2.5% 2.6% 2.9% 2.7%<br />

Total 100.0% 100.0% 100.0% 100.0%<br />

16%<br />

(1) The information for <strong>the</strong>se schedules was taken from Exhibit B of <strong>the</strong> Comprehensive Annual Report (CAFR) and excludes <strong>the</strong> Industrial Development Board and <strong>the</strong> <strong>Blount</strong> <strong>County</strong> Childrens'<br />

Home. <strong>For</strong> comparative purposes, expenditures were <strong>the</strong>n reduced by Capital Projects (Highway, Justice Center and Schools). The authors of this report felt this was <strong>the</strong> most meaningful presentation.<br />

This brochure is intended to provide brief information about <strong>the</strong> operations of <strong>Blount</strong> <strong>County</strong> <strong>Government</strong> for <strong>the</strong> fiscal year ending <strong>June</strong> <strong>30</strong>, 2000. If you would like a more detailed report of <strong>the</strong><br />

<strong>County</strong>'s financial status and results, a copy of <strong>the</strong> CAFR is available in <strong>the</strong> <strong>Blount</strong> <strong>County</strong> Finance Department. The financial data presented in this report are Generally Accepted Accounting<br />

Principles (GAAP) numbers, although all GAAP required disclosures have not been shown in this report.


<strong>Blount</strong> <strong>County</strong><br />

Statement of Expenditures<br />

<strong>For</strong> <strong>the</strong> <strong>Years</strong> <strong>Ending</strong> <strong>June</strong> <strong>30</strong><br />

How Is Your Money Spent<br />

(Education is Our Top Priority)<br />

Highways<br />

6% 2%<br />

Capital<br />

Our Six-Year Capital<br />

Plan Includes:<br />

1. Complete Carpenter's Middle School<br />

2. Renovation of Two (2) Elementary<br />

Schools into Middle Schools<br />

3. Two (2) New Elementary Schools<br />

4. New Public Library<br />

5. Technology for Schools<br />

6. Completion of Renovation of<br />

<strong>the</strong> Courthouse and Juvenile<br />

Detention Center<br />

Debt Service<br />

9%<br />

Services are <strong>Blount</strong><br />

<strong>County</strong>'s #1 Priority<br />

General<br />

<strong>Government</strong><br />

Education<br />

<strong>Blount</strong> <strong>County</strong> continues to provide<br />

cost effective services at <strong>the</strong> most<br />

effective cost. Services include:<br />

26%<br />

57%<br />

2000 EXPENDITURES<br />

Expenditures (1)<br />

1997 1998 1999 2000<br />

Education $43,938 $47,372 $50,323 $54,008<br />

Public Safety through Sheriff's Department<br />

Road Maintenance and Improvements by<br />

Highway Department<br />

Excellence in Education through <strong>the</strong><br />

School Department<br />

Financial Stewardship and Sound Business<br />

Decisions as Directed by <strong>the</strong> <strong>County</strong><br />

Legislative Body<br />

<strong>Blount</strong> <strong>County</strong><br />

Receives PAFR Award<br />

General <strong>Government</strong> 15,784 16,105 18,346 24,980 The <strong>Government</strong> Finance Officers Association of <strong>the</strong> United States<br />

Debt Service 7,033 9,423 7,207 8,136 and Canada (GFOA) has given an Award for Outstanding<br />

Highways 4,562 4,680 5,278 5,188 Achievement in Popular Annual Financial Reporting to <strong>Blount</strong><br />

Capital 92 169 917 1,442 <strong>County</strong> <strong>Government</strong> for its Popular Annual Financial Report for<br />

Total (in Thousands) $71,409 $77,749 $82,071 $93,754 <strong>the</strong> fiscal year ended <strong>June</strong> <strong>30</strong>, 1999. The Award for Outstanding<br />

Achievement in Popular Annual Financial Reporting is a<br />

prestigious national award recognizing conformance with <strong>the</strong><br />

Education 61.5% 60.8% 61.3% 57.7% highest standards for preparation of state and local government<br />

General <strong>Government</strong> 22.1% 20.7% 22.4% 26.6% popular reports.<br />

Debt Service 9.8% 12.0% 8.8% 8.7% In order to receive an Award for Outstanding Achievement in<br />

Highways 6.4% 6.0% 6.4% 5.5% Popular Annual Financial Reporting, a government unit must<br />

Capital 0.1% 0.2% 1.1% 1.5% publish a Popular Annual Financial Report, whose contents<br />

Total 100.0% 100.0% 100.0% 100.0% conform to program standards of creativity, presentation,<br />

understandibility, and reader appeal.<br />

(1) The information for <strong>the</strong>se schedules was taken from Exhibit B of <strong>the</strong> Comprehensive Annual Report (CAFR) and excludes <strong>the</strong> Industrial Development Board and <strong>the</strong> <strong>Blount</strong> <strong>County</strong> Childrens'<br />

Home. <strong>For</strong> comparative purposes, expenditures were <strong>the</strong>n reduced by Capital Projects (Highway, Justice Center and Schools). The authors of this report felt this was <strong>the</strong> most meaningful presentation.<br />

This report was produced by <strong>the</strong> Finance Department of <strong>the</strong> <strong>Blount</strong> <strong>County</strong> <strong>Government</strong>, December 2000. The Director of Accounts and Budgets, Dave Bennett, along with his staff are always<br />

available to provide you with any and all financial information relevant to <strong>the</strong> <strong>Blount</strong> <strong>County</strong> <strong>Government</strong>. The Finance Department is located in <strong>the</strong> <strong>County</strong> Executive's Office at <strong>the</strong> <strong>Blount</strong> <strong>County</strong><br />

Courthouse. The office hours are Monday - Friday, 8am to 4:<strong>30</strong>pm. We look forward to hearing from you!


<strong>Blount</strong> Bits . . .<br />

<strong>Blount</strong> <strong>County</strong>’s Growth<br />

Continues To Rise . . .<br />

Heritage Middle School Completed . . .<br />

After much hard work by <strong>the</strong> Public Building<br />

Authority and <strong>the</strong> School Department, Heritage Middle<br />

School opened for students in Fall 2000.<br />

O<strong>the</strong>r school related initiatives are as follows:<br />

1<strong>30</strong>,000<br />

120,000<br />

110,000<br />

2000<br />

estimate<br />

102,785<br />

100,000<br />

90,000<br />

80,000<br />

70,000<br />

60,000<br />

50,000<br />

40,000<br />

<strong>Blount</strong> <strong>County</strong>, established in 1795, has<br />

been steadily growing for <strong>the</strong> last 25 years.<br />

<strong>Blount</strong> <strong>County</strong> Profile . . .<br />

U Median Disposable Income:<br />

$31,262<br />

Source: ASales and Marketing Analysis@, August <strong>30</strong>, 1999<br />

U Mean Household Income: $56,363<br />

Source: Woods & Poole Economics, Inc. 2000<br />

U Labor <strong>For</strong>ce: 51,360<br />

Unemployment Rate 2.7%<br />

Source: TN Dept. of Employment Security, July 2000<br />

U Major Employer - ALCOA (2,<strong>30</strong>0<br />

employees as of Summer 2000)<br />

U Conveniently located within 500<br />

miles of 50% of <strong>the</strong> U.S. population<br />

U Land area encompasses 585 sq. m.<br />

Heritage Middle School Gymnasium<br />

P Completion of William <strong>Blount</strong> Elementary<br />

P Completion of Elementary School - Eagleton/Rockford<br />

Area<br />

P Convert Mary <strong>Blount</strong> to Middle School<br />

Maryville Ranked Tops for Retirees . . .<br />

According to recent polls in Your Money Magazine (9/99) and <strong>the</strong><br />

Arts & Entertainment Cable Channel (11/11/99), Maryville (our<br />

<strong>County</strong> seat) ranks in <strong>the</strong> top 12 and <strong>the</strong> top 10 places to retire,<br />

respectively. Way to go!<br />

<strong>Blount</strong> <strong>County</strong> is >A1' Once Again. . .<br />

In 2000, our good news continued when Moody=s Investor<br />

Service reaffirmed its >A1' and Standard & Poor=s reaffirmed its<br />

>A+= ratings. Their vote of confidence came as a result of our:<br />

+ Strong and Diverse Local Economy<br />

+ Commitment to a Balanced Budget<br />

+ Long Term Financial Performance<br />

+ Conservative Use of Debt

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