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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

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