The Finance Department is responsible for the control of all financial activities of the City. The Department manages financial resources and ensures that adequate resources are available. The Department is also responsible for the Annual BudgetBusiness License and Taxes; CAFR; Capital Improvements Program; Purchasing Program; Surplus Auction; Property Taxes; and Water & Utility Billing.

AAA Bond Ratings

 The City of Brentwood places the highest priority on operating the municipal government in a financially sound manner. In September, 2008, Brentwood became the first government in Middle Tennessee to receive the highest bond rating possible from two major credit rating agencies, Moody’s Investors Service (Aaa) and Standard and Poor’s (AAA). These ratings were reaffirmed in July 2013 in advance of the issuance of $10 million in General Obligation Public Improvement and Refunding Bonds.   These ratings were also reviewed again in 2017 and Brentwood received a rating of Aaa in regards to the General Obligation Refunding Bonds, Series 2017.

The City of Brentwood is one of a very small number of local governments in the USA today having an AAA rating with a stable outlook. This rating makes the City’s bonds most attractive to investors and allows the City to receive the most favorable interest rates. This is very important in today’s investment market where credit quality is king. The rating agencies cited the City's historically well-managed financial operations, sizeable financial reserves, diverse tax base, the extremely strong wealth and income levels in the community, and low overall net debt burden.

City Budget

The General Fund annual budget for the City of Brentwood is approximately $36 million.
The 2016-2017 Operating Budget is as follows:

General Fund
Revenues by Source
Revenue Source 2016-2017
Amount
BUDGET
%
Local Sales Taxes $13,250,000 36.7%
Property Taxes 11,566,420 32.0%
Other Local Taxes 4,765,000 13.2%
State Shared Revenues 4,443,050 12.3%
Licenses/Permits 871,800
2.4%
Fines/Fees/Service Charges
674,910
1.9%
All Other (Including Interest) 562,000
1.5%
TOTAL REVENUES $36,133,180 100.00%
General Fund
Expenditures by Source
Department 2016-2017
Amount
BUDGET
%
Police/Emergency Comm $7,493,275 20.8%
Fire/Safety Center East
6,946,420
19.2%
General Government 5,768,335
16.0%
Public Works/Services 4,794,050 13.3%
Debt Service Fund 2,950,000 8.2%
Public Library 2,359,650 6.5%
Parks/Recreation 2,273,500 6.3%
All Other
2,405,845
6.7%
Transfers to Other Funds 1,110,000
3.1%
TOTAL EXPENDITURES $36,101,075 100.00%