Corinth

General Information


Population 20,836
Web Site Address http://www.cityofco...
Total Revenues $28,102,005
Total Expenditures $30,104,848
Total Pension Contributions $1,209,444
Pension Contribution To Revenue Ratio 4.3%  (138 of 329)
Funded Ratio 81.4%
Unrestricted Net Position $4,522,015
Current Assets $21,263,500
Current Liabilities $6,656,500

Financial Statements


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
Surplus / (Deficit) $  (68,622) $  (2,619,927) $  (2,688,549)
Revenues
Total Revenues $  13,155,150 $  3,061,809 $  16,216,959
Property Tax 6,620,927 2,054,988 8,675,915
Fire services 2,341,080 53,730 2,394,810
Sales Taxes 1,214,039 558,444 1,772,483
Franchise taxes 1,039,646 0 1,039,646
Traffic fines and forfeitures 690,669 32,505 723,174
Charges for services 431,519 0 431,519
Development fees 410,540 0 410,540
Parks and Recreation 306,666 14,374 321,040
Escrow and impact fees 0 111,242 111,242
Donations 0 89,514 89,514
Miscellaneous 31,291 50,900 82,191
Interest income 31,945 21,914 53,859
Hotel and Motel Occupancy Tax 0 50,441 50,441
Police 26,591 23,757 50,348
Utility fees 10,237 0 10,237
Fund balances at end of year $  3,810,097 $  4,631,442 $  8,441,539
Long Term Debt 27,082,354 0 0
Expenditures
Total Expenditures $  13,223,772 $  5,681,736 $  18,905,508
Public safety 7,751,770 1,670,701 9,422,471
Recreation and community services 1,598,900 806,914 2,405,814
Principal Retirement 0 1,892,482 1,892,482
City Administration 1,630,684 5,650 1,636,334
Public works 886,174 597,655 1,483,829
Planning and community development 703,923 14,330 718,253
Interest Payments and Other Charges 0 694,004 694,004
Finance and administrative services 652,321 0 652,321