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Town’s general fund to be amended to reflect $2.5 million more in revenue

The town’s general fund budget for the 2021-22 fiscal year is scheduled to see an increase of more than $2.5 million in federal money from COVID grant revenue. 

The Collierville Board of Mayor and Aldermen is scheduled to amend the budgets of the general fund, sewer, retirement and post-employment benefits next Monday night during its regularly scheduled meeting. 

The general fund budget will be amended to recognize an additional $2.57 million in federal revenue for COVID grants received during the year.

Expenditures will go up $326,956 to reflect COVID related purchases. 

Once amended, revenue for the town’s general fund budget will be $66.7 million, while expenditures are estimated at $66.3 million. 

The retirement fund will be amended to reflect an extra $70,000 in expenditures for advisor fees and retiree distributions.

Expenditures from the retirement budget will be $2.79 million. 

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