Memorandum

City of Lawrence

City Managerís 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 Managerís Recommended Budget Since Posting

 

Since original publication of the 2014 City Managerís 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.)