Committee of the Whole Meeting — Minutes
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6:00 PM City of Smyrna Mayor and Council Meeting 2800 King Street SE Human Resources Training Room Page 5 of 9 General Fund 71,804,191 73,584,427 1,780,236 2.5% Special Revenue Funds 11,536,863 9,999,990 (1,536,873) (13.3%) Capital Project Funds 7,590,759 3,553,000 (4,037,759) (53.2%) Internal Service Funds 3,666,472 1,874,000 (1,792,472) (48.9%) Enterprise Funds 31,533,229 33,698,948 2,165,719 6.9% Total Budget 126,131,514 122,710,365 (3,421,149) (2.7%) Key Revenues Fund Account FY 2026 FY 2027 Difference % Change GF Real Property Tax 34,589,426 36,484,000 1,894,574 5.5% GF Sanitation Charges 5,300,000 5,400,000 100,000 1.9% GF Ins. Premium Tax 6,061,682 6,500,000 438,318 7.2% GF Franchise Tax 4,400,000 4,600,000 200,000 4.5% GF TFR from W/S Fund 2,196,400 2,543,000 346,600 15.8% Fund Account FY 2026 FY 2027 Difference % Change W/S Water Charge 8,019,000 8,863,000 844,000 10.5% W/S Sewer Charge 10,943,000 11,201,000 258,000 2.4% W/S Base Rate 3,468,000 3,524,000 56,000 1.6% Fund Account FY 2026 FY 2027 Difference % Change SW Storm Water Fee 1,615,000 1,616,000 1,000 0.1% Fund Account FY 2026 FY 2027 Difference % Change E-911 E-911 Fees 1,450,000 1,450,000 - 0.0% E-911 TFR from General Fund 755,770 747,892 (7,878) -1.0% Fund Account FY 2026 FY 2027 Difference % Change H/M Hotel/Motel Tax 1,762,000 1,930,000 168,000 9.5% H/M Auto Rental Tax 250,000 250,000 - 0.0% Proposed Fee Changes Departments proposing fee changes: • Parks & Recreation • Water/Sewer Utility • Storm Water Utility Noteworthy • 809K General Fund Contingency • $6.25M for health insurance ($5.6M from GF) • $4.1M for retirement ($3.6M from GF) • $951K for prescriptions ($856K from GF) • $1.7M for other insurance – liability, etc. ($1.6M from GF) • $694K for worker’s compensation ($639K from GF) • $1.37M use of committed funds