Tag Archives: General Fund

Budgets, School Building Program, Elections – Another Busy Summer – June 2018

{Ron Woody, Roane County Executive}

2019 Budget: The Budget Committee has just about wrapped up the 2019 Budget. Final work should be concluded with the Budge Committee and Public Hearing scheduled for Tuesday, June 19, 2018, at 6:30 pm. The committee has reviewed and has recommended all county budgets.
The Highway Fund has a 5% raise scheduled for all their employees with all other funds having a 2% raise. The Highway Fund has a new state gasoline tax revenue. The other funds are suffering from the lack of revenue growth prohibiting a greater raise.
The General Fund which includes the Sheriff Department and Jail operations continue to create budget challenges due to jail overcrowding, which increases inmate medical care, housing cost, and staffing over time.

The School Building Program continues to receive the most attention, and it appears that additional research and study is needed to ensure that the potential largest County investment ever, which will not only be a large dollar investment but also be an investment that will be used for at least five decades. Much research and analysis should be made for the County’s future.
We have published a number of articles on the county website that we hope are thought provoking. Please take time to review these articles on our websites publication page and under the heading Education Capital Projects. Also, on the county homepage under special announcements, you can find two school presentations.

Election Time: Roane County will most definitely see a few new elected leaders as our Trustee and County Court Clerk has chosen to retire (a future newsletter shall address their faithful service). Two officials are unopposed, Sheriff Jack Stockton and Circuit/Sessions Clerk Ann Goldston. A number of Commissioners are also choosing not to run. It will be a busy “hot summer.” Please get out and Vote!

Financial Planning is Paying Off – April 2018

Life’s successes are often due to many factors. Some would say luck is important for success. Others say success is due to hard work, timing, experience and/or education. All these factors and more can contribute to success, but one attribute we can not and must not overlook is planning. Planning is projecting out into the future, looking at “what if” and “what could be” and formulating a path to achieve a particular goal.

A little over seven years ago, we formulated a financial plan for Roane County. I have written and talked about it many times as we implemented financial policies of debt management, capital, and fund balances. Thank you County Commission for seeing and supporting the vision. Here is the success and how it is paying off. First, we have not borrowed for General Capital purposes in the last seven (7) years. Up until FY11, we borrowed basically every year. In FY12 we established Capital Funds to take care of the small cost capital items with the goal of using our borrowing capacity for big-ticket items. One of those big-ticket items is Jail Expansion. As early as 2010, our administration recognized the need for the jail expansion and started planning for this capital investment. I am pleased and proud to say that Roane County Government appears to be able to build Phase II of a Jail expansion program at an estimated cost of $5-6 million without a tax increase.

Yes, we saw the vision. We executed a financial plan. We managed capital and debt. We developed 30-year debt budgets. We refinanced debt when appropriate. We paid the debt off early when possible. We did not do further borrowing. Finally, we positioned ourselves for the right timing to have the least financial impact on our citizens. Yes, we will have to borrow to build Phase II, but our General Debt Fund has sufficient revenue and fund balance to satisfy our new proposed debt requirements without a tax increase. Our tentative schedule for Phase II of Jail Expansion is hiring Architects in March 2018. We plan to borrow in the Spring of 2019 and begin construction after financing is finalized. More to come on the plan as we work with the Architects. The Budget Committee met March 20, 2018 and after reviewing the multi-year debt budgets, recommended the General, Rural Education, and Education Debt Service budgets for 2019. Planning Our Future Is Important.