Laws, Comptroller and Local Policies, and Best Practices in the Budget Process
County budgetary process is outlined in the Tennessee Code Annotated:
- TCA 5-15-101 et al County Budgeting Law of 1957
- TCA 5-9-101 et al General Appropriations Laws
The County has further adopted three (3) overall governing policies which guide budgeting and financial management:
- Fund Balance Policy
- Debt Management Policy
- Capital Projects Policy
Work begins on the FY18 budget with the requests for operational and capital budgets from each elected official and department. These requests go out in early January and signal the beginning of the new budget cycle.
Each year the Roane County Accounting Department prepares a capital report and a debt report to present to Commission and the public. These reports show practical application of the Capital Projects Policy and the Debt Management Policy.
Further policies and legal resolutions include:
- Annual appropriations resolution: lists the three main policies noted above along with a host of other minor financial policies
- Tax resolution: sets the annual tax rates for the county
- Non-profit resolution: itemizes the funds granted to non-profits
Other supporting documents which are used to adopt the annual budget and/or are required by the Comptroller’s Office are:
- Operational Statement
- Assessment of Property
- Tax Levy
The county publishes a Budget Reference Book which is a detailed budget with written descriptions of revenues, fund operations and services provided.
FISCAL YEAR 2018 BUDGET WORK
Information regarding the start of the FY18 budget work was presented to the Roane County Commission on June 22nd:
Executive Summary FY2018 Budget PowerPoint