For the Years Ending June 30 - Blount County Government

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Blount County Taxes Are Low! Blount County Statement of Revenues Tennessee ranks as 42nd out of the 50 For the Years Ending June 30 states for property taxes per capita. Blount County's $2.36 tax rate ranks as the 37th lowest in the State of Tennessee out of 95 counties. The lowest is $1.50 (Sevier County & Dekalb County). and the highest is $4.21 (Morgan County). Where Does the County Get Its Money (It's Not All From Property Taxes) Your $2.36 Tax Bill is Divided: Debt Service $0.520 Federal 9% 7% 2% Other 2000 REVENUES General Co. $0.815 Charges & Fines 36% State of TN Schools $1.025 Property Taxes Appraised Value $100,000 30% Homeowner's Ratio 25.00% Assessment Value $25,000 Per $100 Assessment Value x .01 Revenues (1) 2000 Tax Rate x $2.36 1997 1998 1999 2000 Annual County Tax Bill $590.00 Alcoa City Your Taxes on a $100,000 House: Local School Funding is Split by Attendance (WFTEADA)* Maryville City Blount County 8.22% 25.74% 66.04% Other Local Tax State of Tennessee $27,973 $30,989 $32,596 $34,066 Property Taxes 18,475 19,878 23,203 28,124 Other Local Tax 12,572 13,010 13,276 14,759 Charges & Fines 6,464 7,226 7,455 8,726 Federal Government 4,956 5,159 4,496 6,436 Other Revenue 1,772 2,028 2,464 2,573 Total (in Thousands) $72,212 $78,290 $83,490 $94,684 State of Tennessee 38.7% 39.6% 39.0% 36.0% Property Taxes 25.6% 25.4% 27.8% 29.7% Other Local Tax 17.4% 16.6% 15.9% 15.6% Charges & Fines 9.0% 9.2% 8.9% 9.2% Federal Government 6.9% 6.6% 5.4% 6.8% *Weighted Full Time Equivalent Average Daily Attendance Other Revenue 2.5% 2.6% 2.9% 2.7% Total 100.0% 100.0% 100.0% 100.0% 16% (1) The information for these schedules was taken from Exhibit B of the Comprehensive Annual Report (CAFR) and excludes the Industrial Development Board and the Blount County Childrens' Home. For comparative purposes, expenditures were then reduced by Capital Projects (Highway, Justice Center and Schools). The authors of this report felt this was the most meaningful presentation. This brochure is intended to provide brief information about the operations of Blount County Government for the fiscal year ending June 30, 2000. If you would like a more detailed report of the County's financial status and results, a copy of the CAFR is available in the Blount County Finance Department. The financial data presented in this report are Generally Accepted Accounting Principles (GAAP) numbers, although all GAAP required disclosures have not been shown in this report.
Blount County Statement of Expenditures For the Years Ending June 30 How Is Your Money Spent (Education is Our Top Priority) Highways 6% 2% Capital Our Six-Year Capital Plan Includes: 1. Complete Carpenter's Middle School 2. Renovation of Two (2) Elementary Schools into Middle Schools 3. Two (2) New Elementary Schools 4. New Public Library 5. Technology for Schools 6. Completion of Renovation of the Courthouse and Juvenile Detention Center Debt Service 9% Services are Blount County's #1 Priority General Government Education Blount County continues to provide cost effective services at the most effective cost. Services include: 26% 57% 2000 EXPENDITURES Expenditures (1) 1997 1998 1999 2000 Education $43,938 $47,372 $50,323 $54,008 Public Safety through Sheriff's Department Road Maintenance and Improvements by Highway Department Excellence in Education through the School Department Financial Stewardship and Sound Business Decisions as Directed by the County Legislative Body Blount County Receives PAFR Award General Government 15,784 16,105 18,346 24,980 The Government Finance Officers Association of the United States Debt Service 7,033 9,423 7,207 8,136 and Canada (GFOA) has given an Award for Outstanding Highways 4,562 4,680 5,278 5,188 Achievement in Popular Annual Financial Reporting to Blount Capital 92 169 917 1,442 County Government for its Popular Annual Financial Report for Total (in Thousands) $71,409 $77,749 $82,071 $93,754 the fiscal year ended June 30, 1999. The Award for Outstanding Achievement in Popular Annual Financial Reporting is a prestigious national award recognizing conformance with the Education 61.5% 60.8% 61.3% 57.7% highest standards for preparation of state and local government General Government 22.1% 20.7% 22.4% 26.6% popular reports. Debt Service 9.8% 12.0% 8.8% 8.7% In order to receive an Award for Outstanding Achievement in Highways 6.4% 6.0% 6.4% 5.5% Popular Annual Financial Reporting, a government unit must Capital 0.1% 0.2% 1.1% 1.5% publish a Popular Annual Financial Report, whose contents Total 100.0% 100.0% 100.0% 100.0% conform to program standards of creativity, presentation, understandibility, and reader appeal. (1) The information for these schedules was taken from Exhibit B of the Comprehensive Annual Report (CAFR) and excludes the Industrial Development Board and the Blount County Childrens' Home. For comparative purposes, expenditures were then reduced by Capital Projects (Highway, Justice Center and Schools). The authors of this report felt this was the most meaningful presentation. This report was produced by the Finance Department of the Blount County Government, December 2000. The Director of Accounts and Budgets, Dave Bennett, along with his staff are always available to provide you with any and all financial information relevant to the Blount County Government. The Finance Department is located in the County Executive's Office at the Blount County Courthouse. The office hours are Monday - Friday, 8am to 4:30pm. We look forward to hearing from you!
Page 1: Blount County Government William A.

For the Years Ending June 30 - Blount County Government

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