For the Years Ending June 30 - Blount County Government
For the Years Ending June 30 - Blount County Government
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