Agenda

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Brentwood ECD Agenda

Meeting Date:	04/27/2020
Submitted by:	Karen Harper, Finance
Department:	Finance

Information

Subject

ECD Quarterly Revenue and Expense Report

Background

Please find attached the third quarter of fiscal year 2020 revenue and expense report for the Emergency Communications District (ECD) Fund. This report shows budget to actual comparisons for the nine months of the 2019-2020 fiscal year.

Year to date revenues collected as of March 31, 2020 are $1,175,563 or 82% of budget. Note that this amount reflects 100% of the annual General Fund subsidy to the ECD. Year to date expenses are $1,116,441 or 78% of budget. For comparison purposes, for the same nine month period in fiscal year 2019, revenues were $1,272,957 or 78% of budget, and expenses were $1,076,741 or 76% of budget. The difference between FY 2019 and FY 2020 year-to-date revenues is due to ECD having received excess operational funding equal to $173,384 in FY 2019, monies not received as of March 31, 2020 for FY 2020.

Other Items of Interest

In April 2020, the Tennessee Emergency Communications Board approved the 911 surcharge fee increase from $1.16 to $1.50 effective January 2021.

Please advise if you have any questions concerning the Emergency Communications District (ECD) revenue and expense quarterly report as of March 31, 2020.

Staff recommendation

N/A

Fiscal Impact

Attachments
ECD March 31, 2020 Quarterly Report