News
Opinion
Sports
Business
Community
entertainment
Schools
News
Announcements
Classifieds
Place Ad
Advertising
Contact Us
Archives
Search

Board approves budget final version


Farragut’s Board of Mayor and Aldermen approved the final version of the fiscal year 2010 budget at its meeting Thursday, June 25.

The staff-prepared budget reports about $5.6 million in revenues and approximately $5.2 million in expenditures, and leaves about 44 percent of operating costs in reserve, more than the 30 percent goal.

Vice Mayor Dot LaMarche commended staff and Budget and Finance Director Dan Olson on a job well done.

“I think a lot of work and effort went into this and it’s very well done,” she said.

“It looks like we are fiscally sound for now; I hope we keep it that way,” she added.


Alderman Jeff Elliott also thanked staff for the workshops held for the Board in May.

“I think the process, too, the workshops, I found very helpful,” Elliott said.

The budget is available at Town Hall, at the Farragut public library, and at the Town’s Web site, www.townoffarragut.org

Later in the meeting, the Board approved six annual contracts:

• Contract for annual road maintenance was awarded to J.G. Mullins Construction Co. Inc.

• Contract for annual installation of pavement markings was awarded to Volunteer Highway Supply Co. Inc.

• Contract for annual guardrail maintenance was awarded to Tennessee Guardrail Inc.

• Contract for annual signal maintenance was awarded to Progression Electric LLC

• Contract for annual HVAC maintenance was awarded to Interstate Mechanical Contractors Inc., for a low bid of $8,988

• Contract for annual street sweeping was awarded to Huskey Vac of Kodak

 

News | Opinion | Sports | Business | Community | Schools | Obituaries | Announcements
Classifieds | Place Ad | Advertising | Contact Us | Archives | Search

© 2004-2014 farragutpress