Memorandum

City of Lawrence

City Manager’s Office

DATE:	October 6, 2011
TO:	David L. Corliss, City Manager
FROM:	Cynthia Wagner, Assistant City Manager
CC:	Ernie Shaw, Interim Parks and Recreation Director Casey Toomay, Budget Manager Diane Stoddard, Assistant City Manager
RE:	Summary of 1994 Sales Tax Revenues and Expenditures:  1995 to present

The following provides a summary of the revenues and expenditures to date related to the 1994 countywide sales tax.

To date, $51.3 million in revenues have been collected.  In addition to proceeds from the sales tax deposited into the general fund and transferred to the sales tax reserve fund, revenues include grant proceeds for the Burroughs Creek and DeVictor Park trails, interest earned on investments and private donations for Burroughs Creek Trail construction.

Expenditures through July 2011 total $47.6 million.  Parks and Recreation expenditures are more fully detailed in a separate section of the agenda and include funding for parks maintenance projects, and debt service for trails, Eagle Bend Golf Course, Indoor and Outdoor Aquatic Centers, and East Lawrence Center improvements.

Public Works expenditures totaling $2.7 million reflect expenditures for overlay/street maintenance.  Expenditure of resources from this fund for overlay began with the 2008 overlay program.  Expenditures range from $350,000 to $500,000 annually.

Proceeds from the sales tax also financed construction of the public health facility and Arts Center – debt service payments are included in expenditures as are funds spent on construction of the facilities which were not financed.