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Farragut approves first-reading budget amendment and records year-end transfers
Summary
On first reading the board approved Ordinance 25-08 to amend FY24–25 general fund, capital investment program and tourism fund budgets; staff also reported routine year-end intra-department transfers and an increase to mixed drink tax distribution to Knox County.
The Farragut Board on May 22 approved Ordinance 25-08 on first reading to amend the fiscal year 2024–25 general fund, capital investment program (CIP) and tourism fund budgets and received a report on multiple year-end intra-department budget transfers.
Staff said the general fund expenditures will increase by $144,050, including $10,000 for public works vehicle maintenance, $35,000 for nondepartmental legal services and $97,000 recorded as pass-through mixed-drink tax…
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