NOTICE OF BUDGET HEARING
The governing body of
City of Lawrence
will meet on the 9th  day of August , 2005 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 in the City Manager's Office
and will be available at this hearing.
BUDGET SUMMARY
Proposed Budget 2006 Expenditures and Amount of 2005 Ad Valorem Tax establish the maximum limits of the 2006 budget.
Estimated Tax Rate is subject to change depending on the final assessed valuation.
	2004		2005		Proposed Budget 2006
	Prior Year Actual	Actual	Current Year Est	Actual		Amount of 2005 Ad Valorem Tax	Est.
FUND	Expenditures	Tax Rate *	of Expenditures	Tax Rate *	Expenditures		Tax Rate *
General	40,844,268	15.949	48,246,357	15.777	55,205,487	12,447,650	16.015
Library	2,067,000	2.818	2,502,000	3.256	2,759,000	2,536,015	3.263
Transportation	1,263,593	1.762	2,028,460	1.363	1,642,055	490,675	0.631
Recreation	2,802,814	0.457	3,230,598	0.394	3,378,792	315,065	0.405
Bond and Interest	7,142,386	7.111	11,115,000	7.069	11,310,000	5,474,900	7.044
Special Highway	2,393,951		2,741,854		2,866,371
Guest Tax	612,500		715,595		800,000
Special Alcohol	514,362		650,000		645,000
Special Recreation	591,302		589,000		606,000
Water and Sewer	25,293,469		34,506,651		30,831,598
Sanitation	7,745,643		9,915,649		10,377,372
Public Parking	777,316		988,906		943,670
Storm Water	1,878,450		3,805,379		3,738,358
Golf Course	1,070,282		1,089,492		1,022,786
Totals	94,997,336	28.097	122,124,941	27.859	126,126,489	21,264,305	27.358
Less: Transfers	2,395,000		2,892,525		3,067,951
Net Expenditure	92,602,336		119,232,416		123,058,538
Total Tax Levied	18,373,969		19,423,973		x
Assessed
Valuation	673,585,153		718,149,570		777,237,474
Outstanding Indebtedness,
January 1,	2003		2004		2005
G.O. Bonds	66,665,000		66,295,000		74,885,000
Revenue Bonds	10,510,000		9,475,000		58,049,320
Other	22,270,000		28,270,000		15,745,000
Lease Purchase Principal					0
Total	99,445,000		104,040,000		148,679,320
*Tax rates are expressed in mills
City Official, Title___________________
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