Public Notice Final Reading –Ordinance 18-03 – 2018-2019 Budget

The Town of Oakland, Tennessee, hereby provides certain financial information for the 2018-2019 fiscal year budget in accordance with T.C.A. §.6-56-203. There will be a public hearing concerning the budget at City Hall on Thursday, June 28, 2018 at 7:00 p.m. The proposed budget, Ordinance #18-03, and all supporting data is public record and available for public inspection in the office of the City Recorder, Oakland City Hall located at 170 Doss Circle.  All citizens are welcomed to attend.

General Fund
• Fund Balance: $2,662,326.00
• Revenue: $4,482,888.00 
• Expense: ($5,110,141.00)
Estimated Ending Balance: $2,035,073.00 


State Street Fund
• Fund Balance: $306,322.00
• Revenue: $338,700.00 
• Expense: ($443,000.00)
• Estimated Ending Balance: $202,022.00


Drug Fund
• Fund Balance: $110,925.00
• Revenue: $36,000.00 
• Expense: ($97,669.00)
• Estimated Ending Balance: $49,256.00


Solid Waste
• Fund Balance: $378,905.00
• Revenue: $521,500.00 
• Expense: ($448,250.00)
• Estimated Ending Balance: $452,155.00


Water
• Fund Balance: $14,801,767.00
• Revenue: $4,013,965.00 
• Expense: ($4,133,759.00)
• Estimated Ending Balance: $14,681,973.00