Thursday, August 13, 2009

Lawrenceburg Council Approves 2009-2010 Budget

   Leaders with the City of Lawrenceburg have approved on first reading a financial plan under which that city will operate for the remainder of the 2009-2010 fiscal year.

   The budget ordinance calls for a total of $10,670,979 in spending during the year, with revenues projected to total $10,671,175. The budget is based upon the same property tax rate as utilized during the previous budget year; $1.49 per $100 of assessed value.

   The ordinance has only been approved on the first of two readings. The second reading is expected to be held following a public hearing on the budget, scheduled to be held during the council’s Thursday, August 27 meeting

   An overview of the proposed budget is as follows:

 

General Fund

Estimated Revenues

Property Tax                                        $4,577,643

Local Permits & Tax                             $4,409,288

State of Tennessee                                $883,485

Other Revenues                                    $800,759

Total Revenues                                  $10,671,175

 

Estimated Expenditures

Administration                          $893,616

Mayor & Board of Council                   $168,596

City Attorney                                        $34,523

HR/Safety Budget                                 $5,277

Planning & Development                       $126,414

Police                                                   $2,811,172

Fire                                                      $1,854,363

Emergency Management                       $688,830

Street                                                   $948,456

Parks & Recreation                              $1,209,860

Retirees                                                $364,832

Sanitation Department                   ---

Stormwater Management                          ---

Annual Appropriations              $793,674

Debt Service                                        $771,365

Reserve                                                ___---___

Total Expenditures                            $10,670,979