All funds are self-sustaining.
The City of Germantown is diligent in maintaining adequate funding levels to support existing services and anticipated service requirements. Some of the City’s Special Revenue Funds and Enterprise Funds are dependent upon funds received from the City’s General Fund. This objective reduces the dependency of taxpayer dollars from the General Fund to support Special and Enterprise Funds. Over time, the General Fund will reduce funding to the Special Revenue Funds making these funds self-sufficient except for capital needs; however, the Enterprise Funds should be self-sufficient including capital needs. Both of these funds must generate revenues that exceed expenditures.
Description
Percent of total Special Revenue Fund revenues transferred from the General Fund. The objective is to reduce the dependency of taxpayer dollars from the General Fund to support Special Revenue Funds including Recreation, State Street Aid, Drug Asset Forfeiture, Federal Asset Forfeiture, Pickering, Ambulance and Farm Park.
Analysis
Fiscal year 2024 reflects a 45.47% transfer from the General Fund to the Special Revenue Funds to help support operations. This means that for the total revenues received for the activities, 45.47% came from the General Fund. Compared to FY23, there was an increase in transfer to Special Revenue Funds of 90%. The transfers for fiscal year 2024 is higher due to transferring more to the State Street Aid fund. The transfer in FY23 was lower due to the increase in the FY21 transfer to the State Street Aid fund. At this time, the Special Revenue Funds that are receiving transfer funds from the General Fund are State Street Aid, Ambulance, Public Art, and Farm Park.
Impact
The City has a high ability to impact this measure.
Description
Percent of total Enterprise Fund revenues received from the General Fund. The objective is to reduce the dependency of taxpayer dollars from the General Fund to support Enterprise Funds such as Germantown Athletic Club, Great Hall, Sanitation, and Stormwater.
Analysis
Fiscal year 2024 reflects a .19% transfer from the General Fund to the Enterprise Funds to help support operations. This means that for the total revenues generated for each of those activities, only .19% came from the General Fund. This is the lowest the transfer has been since creating these funds. Compared to last, the transfer amount has decreased by 50% or $25,000. Being below the target means that the amount of money that is saved from transfers to Enterprise Funds can be used to assist in operational cost and capital projects such as police and fire equipment, parks improvements, school needs, and other departmental cost that are covered under the General Fund. The Utility Fund is not included in this equations because by law, the General Fund is prohibited from transferring monies to this fund. As of now, the only Enterprise Fund that is receiving a Transfer from the General Fund is the Great Hall & Conference Center.
Impact
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1930 SOUTH GERMANTOWN ROAD
GERMANTOWN, TN 38138 | (901) 757-7200
©2016 THE CITY OF GERMANTOWN. ALL RIGHTS RESERVED.
WWW.GERMANTOWN-TN.GOV
1930 SOUTH GERMANTOWN ROAD
GERMANTOWN, TN 38138 | (901) 757-7200
©2016 THE CITY OF GERMANTOWN. ALL RIGHTS RESERVED.