ORDINANCE 11-02

ORDINANCE NO. 11-02

An ordinance of the Town of Nolensville, Tennessee, adopting a budget for the fiscal year July 1, 2011, through June 30, 2012.

Be ordained by the Town of Nolensville, Tennessee, as follows:

SECTION 1. A budget consisting of the Available Funds and Appropriations listed in SECTION 2 and SECTION 3 below be adopted for the Fiscal Year July 1, 2011, through June 30, 2012.

SECTION 2. The Available Funds for said budget are as follows:

GENERAL FUND
	Local Taxes	$379,354
	Licenses and Permits	$178,992
	Intergovernmental Revenue	$677,706
	Fines and Fees	$81,000
	Other Revenue	$12,350
	Fund Balance	$547,010
	Total Available Funds - General Fund		$1,876,412
STATE STREET AID
	Intergovernmental Revenue	$152,855
	Other Revenue	$5,500
	Fund Balance	$71,187
	Total Available Funds - General Fund		$229,542
IMPACT FEE FUND
	Licenses and Permits	$262,080
	Other Revenue	$0
	Fund Balance	$398,896
	Total Available Funds - Impact Fee Fund		$660,976
DRUG FUND
	Fines	$840
	Other Revenue	$0
	Fund Balance	$4,635
	Total Available Funds - Drug Fund		$5,475
FACILITIES TAX FUND
	Licenses and Permits	$252,000
	Other Revenue	$0
	Fund Balance	$872,686
	Total Available Funds - Facilities Tax Fund		$1,124,686
FACILITIES SCHOOL TAX FUND
	Taxes	$31,800
	Other Revenue	$0
	Fund Balance	$88,320
	Total Available Funds - Facilities School Tax Fund		$120,120
	Total All Funds		$4,017,212

SECTION 3. Appropriations for said budget are as follows:

GENERAL FUND
	General Government	$498,301
	Public Safety	$800,010
	Total General Fund		$1,298,311
STATE STREET AID
	Streets	$60,120
	Total State Street Aid Fund		$60,120
IMPACT FEE FUND
	Streets	$45,000
	Total Drug Fund		$45,000
DRUG FUND
	Police	$4,300
	Total Drug Fund		$4,300
FACILITIES TAX FUND
	General	$244,000
	Streets	$0
	Public Safety	$125,000
	Total Facilities Tax Fund		$369,000
FACILITIES SCHOOL TAX FUND
	County Schools	$45,000
	Total Facilities School Tax Fund		$45,000
	Total All Funds		$1,821,731

SECTION 5. A detailed line-item financial plan shall be prepared in support of the budget.

SECTION 6. All unencumbered balances of appropriations remaining at the end of the fiscal year shall lapse and revert to the respective fund balance.

SECTION 7. The appropriations of this budget shall become the appropriations for the next fiscal year until the budget for the next year has been adopted.

SECTION 8. The property tax for calendar year 2011-2012 is hereby assessed at $0.15 per $100 assessed valuation for the purpose of funding general operations of the town.

SECTION 9. This ordinance shall take effect July 1, 2011, the public welfare requiring it.

Jimmy Alexander, Mayor

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Cindy Lancaster, Town Recorder

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Approved by Legal Counsel:

Robert J. Notestine, III

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Passed 1st Reading:

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Passed 2nd Reading:

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Public Hearing: