2025 5 6 Budget Work Session Website 1

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FY 2025-26 BUDGET OVERVIEW 
 
Capital Project Fund 
The Capital Project Fund consists of the Capital Improvement Fund. This Fund’s expenses total $16,525,000, 
an increase of $13,496,500 or 445.6% from the previous fiscal year. The budget priorities of this Fund are 
listed in its budget section.  
 
Enterprise Funds 
The Enterprise Funds consist of the Sanitation Fund and the Southeast Tennessee Trade & Conference Center 
Fund. The Sanitation Fund’s expenses total $1,239,300, an increase of $119,300 or 10.6% from the previous 
fiscal year. The Southeast Tennessee Trade & Conference Center Fund’s expenses total $172,900, an increase 
of $172,900 or 100% from the previous fiscal year. The budget priorities of these Funds are listed in their 
budget sections.  
 
Internal Service Fund 
The Internal Service Fund consists of the Fleet Management Fund. This Fund’s expenses total $706,000, an 
increase of $19,297 or 2.81% from the previous fiscal year. The budget priorities of this Fund are listed in 
its budget section.  
 
Interfund Transfers 
Interfund transfers total $2,679,900. These transfers include: 
 
• $1,000,000 from the General Fund to the USDA Community Facilities Loan Fund  to fund a portion of 
that debt.  
• $400,000 from the General Fund to the General Obligation Bond, Series 2021 Fund to fund a portion of 
that debt. 
• $1,099,900 from the General Fund to the Fleet Management Fund for the future acquisition of 
replacement vehicles and equipment.  
• $180,000 from the Sanitation Enterprise Fund to the Fleet Management Fund for the future acquisition 
of replacement vehicles and equipment.  
 
Long-Term Debt 
The budget document contains a debt schedule of all the city’s debt. Currently, the city has two forms of debt 
totaling $65,991,932 (principal and interest). For FY 2025-26, debt payments will be $1,908,327 (principal 
and interest). 
 
Statistical Information 
The budget document contains a variety of relevant statistical information to show historical economic 
trends.  
 
Budget Amendments 
In accordance with TCA 6-56-208, the city’s adopted budget may be amended during the fiscal year to meet 
the changing needs of the government in the same manner as any other city ordinance may be amended. 
 
 
 
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