Lawrenceburg Now

Thursday, June 24, 2010

Lawrenceburg Council Approves Budget Ordinance

   Members of the board that governs the City of Lawrenceburg have given initial approval to a budget ordinance that will guide spending for city government during the upcoming fiscal year.

   The budget ordinance received unanimous approval during the regular bi-monthly business meeting of the Lawrenceburg Board of Mayor and Council Thursday morning.

Although the budget ordinance was approved, members opted to delay a vote on the ordinance that would establish the 2010-2011 property tax rate. A question arose over the state certified property tax levy, and the councilmen indicated their intent to vote on the tax rate during the next business meeting.

   An overview of the budget, approved on the first of two required readings, is as follows:

 

General Fund

Beginning cash balance           $719,619

Bond proceeds                                    $1,771,000

Anticipated Revenues

Property tax                            $3,048,851

PILOT                                     $1,473,719

Local permits & taxes             $4,079,600

State turn-back                        $834,000

Grants & aid                           $234,147

Fines, fees & commissions      $304,850

Recreation revenues                $114,150

Other revenues                        $87,500

Total Anticipated Rev.          $10,176,817

 

Anticipated Expenditures

Administration                        $745,040

Board/Council                         $167,874

City Attorney                          $34,874

HR/Safety                               $2,550

Planning and Develop.            $73,922

Police                                      $2,766,918

Fire                                          $2,319,334

Emergency Mgmt.                  $1,194,584

Street                                       $1,348,114

Parks & Rec.                           $1,174,980

Retirees                                   $364,832

Annual appropriations             $1,005,514

Total operating                      $11,198,534

Total debt expense                $885,454

Total expenditures                $12,083,988

Ending balance                      $583,447

 

 

 

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