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City
of Lawrence |
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4/20/2007 16:56 |
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General Fund Projection |
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Actual |
Actual |
Actual |
Preliminary |
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| Revenues |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
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| Property Taxes |
$9,068,076 |
$11,890,949 |
$12,517,532 |
$12,850,552 |
$13,356,607 |
$13,757,305
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3% growth in 2008 A.V. |
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| Franchise Fees |
3,660,488 |
3,684,941 |
3,754,184 |
3,986,982 |
4,500,000 |
4,725,000 |
5% estimated annual increase |
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| Sales Taxes |
18,893,836 |
20,640,305 |
21,318,108 |
21,733,540 |
22,494,214 |
23,281,511 |
3.5% growth |
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| State Transfers |
668,044 |
716,688 |
710,932 |
685,315 |
692,000 |
715,000 |
Liquor and Connecting Link only |
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| Licenses & Permits |
1,024,587 |
1,121,828 |
1,082,191 |
1,128,746 |
1,080,000 |
1,112,400 |
3% growth |
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| Fines |
2,012,187 |
2,321,690 |
2,637,320 |
2,455,620 |
2,650,000 |
2,650,000 |
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| User Fees |
471,000 |
402,637 |
683,000 |
891,505 |
864,894 |
890,841 |
3% growth |
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| Interest |
387,341 |
369,078 |
1,087,618 |
1,554,141 |
1,300,000 |
1,000,000 |
Lower rates and balances |
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| Other |
3,122,342 |
3,259,492
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3,369,533 |
3,788,914 |
4,297,220 |
4,426,137 |
Ambulance reimbursement 3% annual
increase |
| Transfers |
1,195,000 |
1,195,000 |
1,595,525 |
1,645,662 |
3,025,600 |
3,176,880 |
Transfers in from other funds, 5%
growth |
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| Total Revenue |
40,502,901 |
45,602,608 |
48,755,943
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50,720,977 |
54,260,535
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55,735,074
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| Expenditures |
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| City Commission |
64,000 |
63,720 |
68,674 |
73,841 |
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| City Manager |
277,763 |
297,670 |
309,803 |
491,569 |
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| Public Information |
74,590 |
80,116 |
77,141 |
130,941 |
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| Planning |
730,660 |
721,791 |
863,892 |
1,103,204 |
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| Human Relations |
301,631 |
298,141 |
247,031 |
295,365 |
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| City Clerk |
151,536 |
134,600 |
152,370 |
152,795 |
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| Personnel |
348,684 |
344,684 |
449,767 |
542,192 |
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| Risk Management |
888,207 |
1,042,755 |
1,074,744 |
522,024 |
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| Finance |
272,137 |
306,470 |
320,599 |
318,075 |
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| Overhead |
2,190,447 |
2,385,557
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2,465,094 |
2,679,488 |
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| Transfers |
6,141,101 |
6,396,011 |
7,629,766 |
9,213,255 |
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| Information Systems |
806,681 |
800,430 |
884,680 |
904,905 |
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| Legal |
537,156 |
559,054 |
628,170 |
926,147 |
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| Court |
554,259 |
576,728 |
607,577 |
636,117 |
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| Police |
10,218,925
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10,057,898
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11,503,849 |
12,959,791 |
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| Fire |
9,018,790
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9,495,572
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10,670,263 |
12,034,979 |
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| Health |
817,976 |
834,673 |
847,499 |
931,208 |
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| Streets |
1,780,018 |
1,549,079 |
1,963,040 |
3,116,260 |
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| Engineering |
622,620 |
643,688 |
704,205 |
726,984 |
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| Traffic |
547,426 |
558,172 |
550,794 |
575,282 |
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| Airport |
92,401 |
78,762 |
72,300 |
84,464 |
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| Building |
707,428 |
702,319 |
711,309 |
833,456 |
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| Street Lights |
487,600 |
492,262 |
497,148 |
551,240 |
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| Levee |
104,263 |
101,051 |
116,903 |
111,760 |
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| Parks & Recreation
Facilities |
2,762,279 |
2,551,677 |
2,950,122 |
3,214,441 |
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| Building Inspection |
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785,761 |
839,247 |
980,326 |
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| Total Expenditures |
40,498,578
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40,844,267
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47,205,987 |
54,110,109 |
56,328,374 |
58,581,509 |
4% growth |
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| Revenue over Expenditures |
4,323 |
4,758,341 |
1,549,956 |
(3,389,132) |
(2,067,839) |
(2,846,435) |
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| Beginning Balance |
8,160,260
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8,164,583 |
12,922,924 |
14,472,880
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11,083,748
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9,015,909
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| Unreserved End Balance |
8,164,583 |
12,922,924 |
14,472,880
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11,083,748
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9,015,909
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6,169,474
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| Assumptions |
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| Revenues: 3% growth in 2008 A.V., 5% growth in franchise fees, 3.5%
growth in sales tax, 5% increase in transfers |
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| Expenditures: 97% of budget in 2007,
4% annual operating increases |
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| Fund balance as % of expen. |
20.16% |
31.64% |
30.66% |
20.48% |
16.01% |
10.53% |
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