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Jackson City committee hears revenue gains, approves budget amendments and advances Tyler Munis rollout
Summary
At a Jackson City Budget Committee meeting, staff reported year-to-date revenue gains, the committee approved two budget amendments including $39,804 in opioid-abatement funds from Madison County, and staff outlined plans to implement the Tyler Munis financial system and purchasing cards.
Jackson City budget officials reported stronger year-to-date nonproperty tax collections and approved two budget amendments Tuesday while laying out a schedule to implement the Tyler Munis financial management system.
Finance staff told the Budget Committee that nonproperty tax recurring revenue is about $976,000 higher year to date than the same period last year and that property tax collections are roughly $340,000 higher, with approximately $2.7 million remaining to be collected for the year. The committee approved a budget amendment to recognize insurance-recovery funds tied to a totaled Jackson Police Department vehicle and a second amendment to recognize $39,804 in opioid abatement grant funds from Madison County.
The revenue update matters because it changes near-term projections for available city resources. ‘‘We have collected year to date $976,000 more in nonproperty tax recurring revenue than we had at the same time last year,’’ said the finance director. Committee members were told that property tax collections are tracking close to last year’s pace, with about $2.7 million still outstanding for the fiscal year.
On the two formal budget items, the committee voted to recognize insurance-recovery proceeds for a totaled JPD vehicle and to accept $39,804 from Madison County’s opioid abatement allocations. The committee discussed that the county’s distribution reflects decisions by a county-level committee and that Jackson City did not receive the full amount requested by the police department; staff said JPD will adjust its internal budget to align with the amount awarded. The record does not include a named mover or second for the motions; each amendment was recorded as approved by voice vote.
Finance staff also updated the committee on the planned rollout of Tyler Munis, an enterprise resource planning (ERP) product. Training for the budgeting module begins this week for finance and administration, with department heads and departmental financial personnel scheduled to start training March 6. Staff said the city aims to have the original set of Tyler Munis modules implemented by August and to begin using the system for property tax collections in October. ‘‘We are hopefully going to be able to begin collecting property tax in October,’’ the finance director said.
Officials said the rollout will include a refreshed requisition and purchasing module to move Jackson City from a manual purchase-order system to an ERP-driven workflow. The committee was told the purchasing-card policy is under review by human resources and legal counsel and that First Horizon is reviewing policy wording as part of a demo process; once that review is complete, the city will resume demonstrations and pilot use of purchasing cards.
Staff also briefed the committee that bond counsel is working to refine the list of capital projects to include in a proposed bond issue, with ratings calls tentatively scheduled for March. No final bond structure was presented at the meeting.
The meeting opened with a motion to accept prior minutes, which was approved by voice vote. The committee adjourned after the budget discussion.
The record of this meeting does not include individual vote counts for the motions recorded as approved.
