NOTICE OF BUDGET HEARING
The governing body of
Lawrence
will meet on the 10th day of August, 2004 at  6:35 p.m. at City Hall for the purpose of
hearing and answering objections of taxpayers relating  to the proposed use of all funds and the amount of ad valorem tax.
Detailed budget information is available at
and will be available at this hearing.
BUDGET SUMMARY
Proposed Budget 2005 Expenditures and Amount of 2004 Ad Valorem Tax establish the maximum limits of the 2005 budget.
Estimated Tax Rate is subject to change depending on the final assessed valuation.
	2003		2004		Proposed Budget 2005
	Prior Year Actual	Actual	Current Year Est	Actual		Amount of 2004 Ad Valorem Tax	Est.
FUND	Expenditures	Tax Rate *	of Expenditures	Tax Rate *	Expenditures		Tax Rate *
General	41,257,800	13.258	43,255,953	15.949	48,121,357	11,330,000	15.790
Library	2,039,923	2.972	2,067,000	2.818	2,502,000	2,338,100	3.258
Transportation	1,451,226	1.227	2,016,566	1.762	2,028,460	978,500	1.364
Recreation	2,837,553	0.982	3,098,483	0.458	3,230,598	283,250	0.395
Bond and Interest	7,207,301	7.124	9,424,856	7.110	11,115,000	5,076,842	7.075
Special Highway	2,680,582		2,803,668		2,741,854
Guest Tax	480,000		612,500		715,595
Special Alcohol	461,166		596,000		650,000
Special Recreation	635,157		631,000		589,000
Water and Sewer	19,124,202		31,926,067		34,506,651
Sanitation	7,983,707		9,041,943		9,915,649
Public Parking	810,161		883,045		988,906
Storm Water	2,235,820		2,531,615		3,805,379
Golf Course	1,003,453		1,190,002		1,172,492
Totals	90,208,051	25.563	110,078,698	28.097	122,082,941	20,006,692	27.882
Less: Transfers	2,200,000		2,460,000		2,627,000
Net Expenditure	88,008,051		107,618,698		119,455,941
Total Tax Levied	15,617,946		18,373,969		x
Assessed
Valuation	629,304,079		673,585,153		717,553,891
Outstanding Indebtedness,
January 1,	2002		2003		2004
G.O. Bonds	62,615,000		66,665,000		66,295,000
Revenue Bonds	11,855,000		10,510,000		9,475,000
Other	14,850,000		22,270,000		28,270,000
Lease Purchase Principal					0
Total	89,320,000		99,445,000		104,040,000
*Tax rates are expressed in mills
Clerk
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