Maryville City Council Approves 2019 Fiscal Year Budget Friday

–City Council approved an ordinance to Amend the Fiscal Budget for 2018.  The amendments increased revenue & expenditures in the Debt Retirement Fund by $2.5 million, Conference Center Debt Retirement Fund by $845,000 and Mozingo Recreation Fund by $108,000.

–City Council approved an ordinance Adopting the Annual Budget for fiscal year 2019.  Revenues plus beginning available reserves total $27.6 million while expenditures equal the same amount.  This action still ensures a minimum of 20% reserve balance of essential costs in the General Fund and over 50% in the Water Sewer Fund.

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