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FY14 Knoxville City Budget Showing Surplus

Posted: Sunday, August 24th, 2014 at 5:52 am
Author: KNIA/KRLS News-Tony Correa

The numbers look good.

That’s the word the Knoxville City Council received recently when given an update on the 2014 Fiscal Year Budget.

City Manager Harold Stewart says many departments came away with a surplus of funds, a trend he likes to encourage.

“One of the things I’ve always tried to encourage staff here is when we go through the budget process, we want to make sure we have the resources in place that they can do the job that we expect them to do and provide the service at the level and quality that we expect them to do. But then also not to just spend the money because it’s there.”

In addition to an automatic $100,000 dollars to be put into the city’s reserve fund this year, city departments total saved an additional $121,000 that will also be placed in there. Stewart says the overall goal for the city reserve is to build it up to 15 percent, or about $1.2 million in reserve funds.