Memorandum

City of Lawrence

City Manager’s Office

 

DATE:

07/03/2012

TO:

David L. Corliss, City Manager

FROM:

Casey Toomay, Budget Manager

CC:

Cynthia Wagner, Assistant City Manager

Diane Stoddard, Assistant City Manager

Jonathan Douglass, Assistant to the City Manager / City Clerk

RE:

Revisions to 2014 City Manager’s Recommended Budget Since Posting

 

Since original publication of the 2014 City Manager’s Recommended Operating and Capital Improvement Budget revisions have been made in order to achieve a budgeted ending fund balance of 5% or less in all funds for 2014.  The table below highlights the changes.  

 

2014 Recommended Revenue

Originally Posted

Revised

Difference

General Operating Fund

           83,525,461

     83,525,461

                  -  

Debt Service Fund

           18,714,661

     18,714,661

                  -  

Library Fund

              3,420,097

       3,420,097

                  -  

Special Gas Tax Fund

              2,824,440

       2,824,440

                  -  

Recreation Fund

              5,557,507

       5,557,507

                  -  

Guest Tax Fund

              1,087,579

       1,087,579

                  -  

Public Transportation Fund

              4,910,168

       4,910,168

                  -  

Special Alcohol Fund

                 982,250

           990,249

           7,999

Special Recreation Fund

                 953,357

           953,357

                  -  

Water and Wastewater Fund

           51,318,582

     51,318,582

                  -  

Solid Waste Fund

           12,471,357

     13,471,357

   1,000,000

Public Parking Fund

              1,338,548

       1,338,548

                  -  

Storm Water Fund

              3,908,342

       3,908,342

                  -   

Public Golf Course Fund

              1,188,090

       1,188,090

                  -  

TOTAL

         192,200,439

   193,208,438

   1,007,999

 

2014 Recommended Expenditures

Originally Posted

Revised

Difference

General Operating Fund

           79,649,821

     79,649,821

                  -  

Debt Service Fund

           17,850,000

     17,850,000

                  -  

Library Fund

              3,343,260

       3,343,260

                  -  

Special Gas Tax Fund

              2,716,039

       2,716,039

                  -  

Recreation Fund

              5,296,007

       5,296,007

                  -  

Guest Tax Fund

              1,037,500

       1,037,500

                  -  

Public Transportation Fund

              4,678,792

       4,678,792

                  -  

Special Alcohol Fund

                 937,669

           945,669

           8,000

Special Recreation Fund

                 914,623

           914,623

                  -  

Water and Wastewater Fund

           50,105,074

     50,105,074

                  -  

Solid Waste Fund

           11,885,157

     12,835,157

      950,000

Public Parking Fund

              1,324,613

       1,324,613

                  -  

Storm Water Fund

              3,753,767

       3,753,767

                  -  

Public Golf Course Fund

              1,133,297

       1,133,297

                  -  

TOTAL

         184,625,619

   185,583,619

      958,000

 

Other minor corrections to text were also made including updating the Budget Message and Fund Overview section to reflect the new fund totals, correcting the table on page 31 to reflect the additional $20,000 of funding for the Lawrence Arts Center included in the recommended budget, and correcting text on page 94 to reflect the amount of funding included in the recommended budget for the Health Department ($648,929.)