| View | | CITY OF LAKELAND Public Notice 2026-2027 Budget & Tax Rate Ordinance In accordance with TCA § 6-56-206 notice is given that an Ordinance will be presented for the second reading and public hearing on June 23, 2026 beginning at 5:30 p.m. at Lakeland City Hall to establish a tax rate of $0.94 per $100 assessed value for the 2026 Tax Year. The purpose of which is to appropriate the proceeds of the tax levy for the fiscal year 2026-2027 Annual Budget. All citizens are welcomed to attend and participate. The Board of Commissioners meeting agenda for June 23, 2025 will be published at www.lakelandtn.gov/agendas. The ordinance and budget are on file in the office of the City Manager at City Hall and may be examined during normal working hours. GENERAL FUND 2024-2025 2025-2026 2026-2027 ACTUAL ESTIMATED PROPOSED REVENUES AND OTHER SOURCES LOCAL TAXES $ 9,758,795 $ 10,346,051 $ 11,132,992 STATE OF TENNESSEE $ 2,300,085 $ 4,994,483 $ 6,351,736 FEDERAL $ 243,700 $ 10,400,000 $ 10,400,000 OTHER SOURCES $ 6,555,397 $ 14,695,142 $ 10,669,877 TOTAL REVENUES AND OTHER SOURCES $ 18,857,977 $ 40,435,676 $ 38,554,605 EXPENDITURES AND OTHER USES SALARIES $ 2,162,388 $ 1,609,112 $ 3,730,949 OTHER COSTS $ 14,428,050 $ 40,616,806 $ 34,743,075 TOTAL EXPENDITURES AND OTHER USES $ 16,590,438 $ 42,225,918 $ 38,474,024 BEGINNING FUND BALANCE $ 7,536,843 $ 9,804,382 $ 8,014,140 ENDING FUND BALANCE $ 9,804,382 $ 8,014,140 $ 8,094,721 EMPLOYEE POSITIONS (FTE) 41.40 48.40 47.60 STATE STREET AID FUND 2024-2025 2025-2026 2026-2027 ACTUAL ESTIMATED PROPOSED REVENUES AND OTHER SOURCES STATE OF TENNESSEE $ 521,674 $ 480,330 $ 517,500 OTHER SOURCES $ 2,253,541 $ 3,933,688 $ 1,293,982 TOTAL REVENUES AND OTHER SOURCES $ 2,775,215 $ 4,414,018 $ 1,811,482 EXPENDITURES AND OTHER USES SALARIES $ 220,231 $ 61,062 $ 137,210 OTHER COSTS $ 2,540,878 $ 5,683,327 $ 1,599,714 TOTAL EXPENDITURES AND OTHER USES $ 2,761,109 $ 5,744,389 $ 1,736,924 BEGINNING FUND BALANCE $ 1,241,707 $ 1,255,813 $ (74,558) ENDING FUND BALANCE $ 1,255,813 $ (74,558) $ - EMPLOYEE POSITIONS (FTE) 1.70 1.70 2.00 DEBT SERVICE FUND 2024-2025 2025-2026 2026-2027 ACTUAL ESTIMATED PROPOSED REVENUES AND OTHER SOURCES OTHER SOURCES $ 2,557,406 $ 4,887,094 $ 2,492,960 TOTAL REVENUES AND OTHER SOURCES $ 2,557,406 $ 4,887,094 $ 2,492,960 EXPENDITURES AND OTHER USES OTHER COSTS $ 2,557,425 $ 4,887,094 $ 2,492,960 TOTAL EXPENDITURES AND OTHER USES $ 2,557,425 $ 4,887,094 $ 2,492,960 BEGINNING FUND BALANCE $ 118 $ 99 $ 99 ENDING FUND BALANCE $ 99 $ 99 $ 99 EMPLOYEE POSITIONS (FTE) 0.00 0.00 0.00 SEWER FUND 2024-2025 2025-2026 2026-2027 ACTUAL ESTIMATED PROPOSED REVENUES AND OTHER SOURCES FEDERAL $ - $ 2,614,797 $ 200,000 OTHER SOURCES $ 3,176,044 $ 5,205,107 $ 5,517,020 TOTAL REVENUES AND OTHER SOURCES $ 3,176,044 $ 7,819,904 $ 5,717,020 EXPENSES AND OTHER USES SALARIES $ 437,656 $ 233,154 $ 550,350 OTHER COSTS $ 2,725,767 $ 3,011,452 $ 3,245,343 TOTAL EXPENSES AND OTHER USES $ 3,163,423 $ 3,244,606 $ 3,795,693 BEGINNING NET POSITION $ 14,161,180 $ 14,173,801 $ 18,749,099 ENDING NET POSITION $ 14,173,801 $ 18,749,099 $ 20,670,426 EMPLOYEE POSITIONS (FTE) 7.50 8.50 7.50 STORM WATER FUND 2024-2025 2025-2026 2026-2027 ACTUAL ESTIMATED PROPOSED REVENUES AND OTHER SOURCES OTHER SOURCES $ 270,081 $ 215,500 $ 216,500 TOTAL REVENUES AND OTHER SOURCES $ 270,081 $ 215,500 $ 216,500 EXPENDITURES AND OTHER USES SALARIES $ 37,808 $ 20,842 $ 48,557 OTHER COSTS $ 327,498 $ 199,779 $ 428,184 TOTAL EXPENDITURES AND OTHER USES $ 365,306 $ 220,621 $ 476,741 BEGINNING FUND BALANCE $ 372,642 $ 277,417 $ 272,296 ENDING FUND BALANCE $ 277,417 $ 272,296 $ 12,055 EMPLOYEE POSITIONS (FTE) 0.80 0.80 0.80 SOLID WASTE FUND 2024-2025 2025-2026 2026-2027 ACTUAL ESTIMATED PROPOSED REVENUES AND OTHER SOURCES OTHER SOURCES $ 2,155,801 $ 1,863,624 $ 1,601,147 TOTAL REVENUES AND OTHER SOURCES $ 2,155,801 $ 1,863,624 $ 1,601,147 EXPENDITURES AND OTHER USES SALARIES $ 64,894 $ 35,219 $ 138,900 OTHER COSTS $ 1,641,766 $ 1,731,136 $ 1,944,419 TOTAL EXPENDITURES AND OTHER USES $ 1,706,660 $ 1,766,355 $ 2,083,319 BEGINNING FUND BALANCE $ (62,706) $ 386,435 $ 483,704 ENDING FUND BALANCE $ 386,435 $ 483,704 $ 1,532 EMPLOYEE POSITIONS (FTE) 1.00 0.50 2.30 LSS GENERAL PURPOSE SCHOOL FUND 2024-2025 2025-2026 2026-2027 ACTUAL ESTIMATED PROPOSED REVENUES AND OTHER SOURCES LOCAL TAXES $ 11,547,784 $ 12,805,924 $ 13,525,000 STATE OF TENNESSEE $ 22,669,424 $ 19,560,132 $ 18,755,936 OTHER SOURCES $ 1,183,303 $ 1,646,352 $ 1,638,765 TOTAL REVENUES AND OTHER SOURCES $ 35,400,511 $ 34,012,408 $ 33,919,701 EXPENDITURES AND OTHER USES SALARIES $ 15,771,141 $ - $ 22,719,607 OTHER COSTS $ 17,299,186 $ 33,676,887 $ 11,200,094 TOTAL EXPENDITURES AND OTHER USES $ 33,070,327 $ 33,676,887 $ 33,919,701 BEGINNING FUND BALANCE $ 7,049,636 $ 9,379,820 $ 9,715,341 ENDING FUND BALANCE $ 9,379,820 $ 9,715,341 $ 9,715,341 EMPLOYEE POSITIONS (FTE) 309.00 325.00 329.00 LSS FEDERAL PROJECTS FUND 2024-2025 2025-2026 2026-2027 ACTUAL ESTIMATED PROPOSED REVENUES AND OTHER SOURCES FEDERAL $ 1,090,652 $ 865,759 $ 787,019 TOTAL REVENUES AND OTHER SOURCES $ 1,090,652 $ 865,760 $ 787,019 EXPENDITURES AND OTHER USES SALARIES $ 435,637 $ - $ 385,151 OTHER COSTS $ 428,632 $ 865,759 $ 401,868 TOTAL EXPENDITURES AND OTHER USES $ 864,269 $ 865,759 $ 787,019 BEGINNING FUND BALANCE $ (188,089) $ 38,294 $ 38,294 ENDING FUND BALANCE $ 38,294 $ 38,294 $ 38,294 EMPLOYEE POSITIONS (FTE) 8.00 7.00 5.00 LSS NUTRITION FUND 2024-2025 2025-2026 2026-2027 ACTUAL ESTIMATED PROPOSED REVENUES AND OTHER SOURCES FEDERAL $ 405,498 $ 410,000 $ 465,000 OTHER SOURCES $ 598,272 $ 645,000 $ 720,500 TOTAL REVENUES AND OTHER SOURCES $ 1,003,770 $ 1,055,000 $ 1,185,500 EXPENDITURES AND OTHER USES SALARIES $ 302,344 $ - $ 406,898 OTHER COSTS $ 727,514 $ 1,094,673 $ 778,602 TOTAL EXPENDITURES AND OTHER USES $ 1,029,858 $ 1,094,673 $ 1,185,500 BEGINNING FUND BALANCE $ 703,184 $ 677,096 $ 637,423 ENDING FUND BALANCE $ 677,096 $ 637,423 $ 637,423 EMPLOYEE POSITIONS (FTE) 19.00 19.00 19.00 LSS LEAP FUND 2024-2025 2025-2026 2026-2027 ACTUAL ESTIMATED PROPOSED REVENUES AND OTHER SOURCES OTHER SOURCES $ 301,918 $ 320,000 $ 320,000 TOTAL REVENUES AND OTHER SOURCES $ 301,918 $ 320,000 $ 320,000 EXPENDITURES AND OTHER USES SALARIES $ 178,971 $ - $ 218,906 OTHER COSTS $ 34,457 $ 308,002 $ 101,094 TOTAL EXPENDITURES AND OTHER USES $ 213,428 $ 308,002 $ 320,000 BEGINNING FUND BALANCE $ 302,346 $ 390,836 $ 402,834 ENDING FUND BALANCE $ 390,836 $ 402,834 $ 402,834 EMPLOYEE POSITIONS (FTE) 5.00 5.00 6.00 LSS CAPITAL PROJECTS FUND 2024-2025 2025-2026 2026-2027 ACTUAL ESTIMATED PROPOSED REVENUES AND OTHER SOURCES FEDERAL $ 812,693 $ 1,204,899 $ 1,300,000 OTHER SOURCES $ 3,978,535 $ 66,367 $ 240,000 TOTAL REVENUES AND OTHER SOURCES $ 4,791,228 $ 1,271,266 $ 1,540,000 EXPENDITURES AND OTHER USES OTHER COSTS $ 4,950,046 $ 1,461,142 $ 1,540,000 TOTAL EXPENDITURES AND OTHER USES $ 4,950,046 $ 1,461,142 $ 1,540,000 BEGINNING FUND BALANCE $ 587,364 $ 428,546 $ 238,670 ENDING FUND BALANCE $ 428,546 $ 238,670 $ 238,670 EMPLOYEE POSITIONS (FTE) 0.00 0.00 0.00 June 10, 2026 Ml114947 ... more | |