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.
