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Franklin County approves budget amendments, contract with TDOT and files $1.8M school bond anticipation note
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Summary
The county commission adopted a package of budget amendments, authorized a TDOT contract for a local road safety initiative and moved forward with a $1.8 million school bond anticipation note filing; finance committee noted tornado cleanup impacts and a jail expansion change order.
Franklin County commissioners approved multiple budget amendments and administrative actions at their Dec. 3 meeting, including authorization for a contract with the Tennessee Department of Transportation’s Local Roads/Local Road Safety Initiative and the county’s filing of a $1.8 million General Obligation School Bond Anticipation Note.
Finance and bond actions: The county’s finance director presented quarterly revenue and expenditure reports for multiple funds (General Fund, School funds, Highway, Debt Service and others). The commission voted to receive and file the finance reports. Separately, the county submitted a Report on Debt Obligation (CT‑0253) related to a General Obligation School Bond Anticipation Note in the face amount of $1,800,000 to support middle‑school projects; the filing lists an interest cost of 3.5671 percent and indicates the purpose is funding for the county’s two middle schools.
TDOT contract: The commission approved Resolution 12j‑1218 to authorize execution of a TDOT contract (State Contract 180161) for a local road safety project; the estimated county construction share in the contract was $2,910. The contract was approved by roll call 13‑0.
Finance Committee context and tornado cleanup: The Finance Committee (Nov. 20) recommended several budget amendments and grant pre‑applications to the full commission, noting the county had incurred additional storm‑cleanup expenses from a recent tornado. "Due to the recent tornado that Franklin County received a few weeks ago, we should expect to see some increase in expenditures in various departments due to the clean‑up efforts," Finance Director Andrea Smith told the committee.
Jail project update: The county received a contractor update on the jail expansion. The project manager reported a change order of roughly $106,000 for structural steel to connect two new buildings; the commission accepted the finance committee’s recommendations and approved related budget amendments. Commissioner and Finance Committee minutes included motions forwarding school and highway amendments for full commission approval.
Grants and pre‑applications: By roll call the commission approved pre‑applications for a community reentry program, a sheriff’s impaired‑driving grant, and an Emergency Management Performance Grant. The Finance Committee recommended and the commission approved those pre‑applications for submission.
What comes next: County staff will file the TDOT contract payment, move forward on the school borrowing paperwork as a short‑term note, and implement the approved budget amendments. The Board of Education has scheduled Jan. 21 as the date it will formally request funding tied to the middle‑school project, according to a memo from Director of Schools Stanley Bean.