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.)