Financial Reporting

Please find attached the fourth quarter of fiscal year 2021 revenue and expense report for the Emergency Communications District (ECD) Fund.  This report shows unaudited budget to actual comparisons for the 2020-2021 fiscal year.

Year to date revenues collected as of June 30, 2021 are $1,821,770 or 119% of budget.  Year to date expenses are $1,532,176 or 100% of budget. For comparison purposes, for the same period for fiscal year 2020, revenues were $1,463,628 or 102% of budget, and expenses were $1,462,820 or 103% of budget.

The difference between FY 2021 and FY 2020 year-to-date revenues is due to the surcharge rate increase and the special distribution authorized by TECB (Tennessee Emergency Communications Board) during the June 8, 2020 meeting for the purpose of "bridging the gap" between the start of fiscal year 2021 on July 1, 2020 and the effective date of SJR0836 that increased the 911 surcharge rate to $1.50.

Other Items of Interest

The rate increase from $1.16 to $1.50 was effective on January 1, 2021 and is expected to increase ECD 911 annual revenues $325,000 per year.  The City's first monthly distribution at the increased rate was received in February 2021. 

Please advise if you have any questions concerning the Emergency Communications District (ECD) revenue and expense quarterly report as of June 30, 2021.