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Thursday, August 28, 2014

Lawrenceburg Annual Budget Approved On First Reading

   Lawrenceburg leaders voted Thursday to approve on first reading an ordinance setting the annual tax rate and budget for the city’s 2014-2015 fiscal year.

   The property tax rate adopted, $1.4234 per $100 of assessed property, is unchanged from the previous year.

   Passage of the ordinance requires two readings. The second reading and mandated public hearing is scheduled for the council’s September 11, 2014 regular sessions.

   An overview of the budget is as follows:
Anticipated revenues
General Fund
Local taxes                              $9,297,668
Fines and forfeitures               $287,300
Miscellaneous revenue            $2,343,234
Fund balance                           $3,463,578
Total available funds               $15,391,780
Sanitation Fund
Miscellaneous revenue            $1,118,250
Fund balance                           $311,471
Total available funds               $1,429,721
State Street Aid Fund
Miscellaneous revenue            $321,000
Fund balance                           $223,022
Total available funds               $544,022
Drug Fund
Miscellaneous revenue            $60,000
Fund balance                           $53,723
Total available funds               $113,723
Mimosa Cemetery
Miscellaneous revenue            $4,100
Fund balance                           $62,021
Total available funds               $66,121
Disaster Fund
Miscellaneous revenue            $150
Fund balance                           $88,828
Total available funds               $88,978
Anticipated appropriations
General Fund
City attorney                           $34,756
Board of Mayor and Council  $176,854
Safety                                      $5,530
HR                                          $1,932
Planning & Development        $148,480
Administrative                                    $2,314,746
Police                                      $2,837,050
Fire                                          $1,903,399
Emergency Management        $114,285
Public Works                           $1,785,939
Parks & Recreation                 $887,986
Retirees                                   $306,500
Annual appropriations             $973,586
Debt Service                           $1,164,155
Total appropriations                $12,655,199
Sanitation
Sanitation                                $1,113,566
Total appropriations                $1,113,566
State Street Aid Fund
Streets                                     $500,000
Total appropriations                $500,000
Drug Fund
Police                                      $58,750
Total appropriations                $58,750
Mimosa Cemetery
Cemetery                                 $16,000
Total appropriations                $16,000
Disaster Fund
Disaster fund                          $75,750
Total appropriations                $75,750

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