Thursday, August 14, 2008

Council Members Give Final Approval To $12.1 Million Budget

   Members of the board that governs the City of Lawrenceburg granted final approval Thursday morning to a spending plan under which the government will operate throughout the 2008-2009 fiscal year.

   The budget ordinance and tax levy were approved on second and final reading during the regular bi-monthly business meeting of the Lawrenceburg Board of Mayor and Council. The budget projects some $12,170,737 in revenues during the fiscal year, and the same in appropriations.

   City Administrator William McLain pointed out that $5,000 was added to the budget for final reading, as opposed to first reading. He explained that the funds, appropriated through the Lawrenceburg Police Department, would be used for training purposes for two police officers. The department had intended to use monies from a grant allocation in order to send the two officers through the Tennessee Law Enforcement Training Academy however the grant money was cut at the state level.

   The budget is based upon a property tax levy of $1.49 per $100 of assessed value – a decrease from the $1.54 rate utilized in the 2007-2008 budget.

   An overview of the newly-approved budget is as follows:

Anticipated Revenues

General Fund

Local Taxes                                          $8,578,326

State and Federal Revenues                  $887,000

Fines & Fees                                        $223,900

Recreational Revenues              $119,520

Miscellaneous Revenues                       $371,111

Estimated Fund Balance                        $408,247

Total General Funds                          $10,588,104

 

State Street Aid

Intergovernmental Revenues                  $306,130

Estimated Fund Balance                        $40,870

Total State Street Aid Funds $347,000

 

Drug Fund

Court Fines and Fees                            $85,000

Estimated Fund Balance                        __----__

Total Drug Fund                                 $85,000

 

Sanitation Fund

Revenues                                              $1,157,456

Estimated Fund Balance                        $6,823___

Total Sanitation Funds                       $1,150,633

 

Total Revenues All Funds                 $12,170,737

 

Anticipated Expenditures

General Fund

Administration                          $910,067

Police                                                   $2,472,012

Fire                                                      $1,906,080

Streets                                                  $1,093,388

Parks & Recreation                              $1,210,336

Board of Mayor and Council                $148,214

City Attorney                                        $33,516

Planning & Development                       $129,526

Emergency Management                       $655,432

Retirees                                                $348,955

Annual Appropriations              $913,474

HR/Safety                                            $5,859

Debt Expense                                       $761,245

Sanitation                                                -----____

Total General Fund                            $10,588,104

 

State Street Aid

Streets                                                  $347,000

Total Street Aid Fund                           $347,000

 

Drug Fund

Police                                                   $85,000

Total Drug Fund                                 $85,000

 

Sanitation Fund

Expenses                                              $1,150,633

Total Sanitation Fund                        $1,150,633

 

Total Expenditures All Funds            $12,170,737

 

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