Thursday, August 8, 2013
Lawrenceburg Leaders Approve New Budget On First Reading
Members of the Lawrenceburg Board of Mayor and Council gave first approval Thursday to a spending plan under which the city will operate throughout the 2013-2014 fiscal year.
The budget ordinance anticipates combined revenues for the year will total $15,895,709 and that expenditures will total $13,047,929. The property tax rate will remain the same, at a rate of $1.4234 per $100 of assessed value.
A public hearing and second reading of the budget ordinance is scheduled to take place during the council’s Thursday, August 22, 2013 meeting. That meeting is scheduled to begin at 8:30 a.m. at the Lawrenceburg City Administration Building, 233 West Gaines Street.
An overview of the budget is as follows:
Anticipated Revenues
General Fund
Local Taxes $9,454,888
Fines and forfeitures $195,600
Miscellaneous revenue $1,727,025
Fund balance $2,325,567
Total Available Funds: $13,703,080
Sanitation Fund
Miscellaneous revenue $1,098,200
Fund balance $317,435
Total Available Funds: $1,415,635
State Street Aid Fund
Miscellaneous revenue $402,688
Fund balance $103,986
Total Available Funds: $506,674
Drug Fund
Miscellaneous revenue $40,000
Fund balance $41,046
Total Available Funds: $81,046
Mimosa Cemetery Fund
Miscellaneous revenue $1,500
Fund balance $86,350
Total Available Funds: $87,850
Disaster Fund
Fund balance $101,424
Total Available Funds: $101,424
Anticipated Expenditures
General Fund
City Attorney $37,035
Board of Mayor & Council $163,184
Safety $5,244
HR $2,850
Planning & Development $149,891
Administrative $1,310,662
Police $2,652,795
Fire $1,870,485
Emergency Management $113,972
Public Works $1,763,265
Parks & Recreation $726,517
Retirees $355,432
Annual Appropriations $998,086
Debt Service $1,228,096
Total Appropriations: $11,377,513
Sanitation
Sanitation $1,121,728
Total Appropriations: $1,121,728
State Street Aid Fund
Streets $402,688
Total Appropriations: $402,688
Drug Fund
Police $40,000
Total Appropriations: $40,000
Mimosa Cemetery Fund
Cemetery $16,000
Total Appropriations: $16,000
Disaster Fund
Disaster fund $90,000
Total Appropriations: $90,000