| NOTICE OF BUDGET HEARING |
| |
2008 |
| The governing body
of the |
| City of Lawrence |
| will
meet on the 7th day of August , 2007 at
6:35 p.m. at the 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 the City Manager's Office and at
www.lawrenceks.org |
| and will be
available at this hearing. |
| |
| BUDGET SUMMARY |
| Proposed Budget 2008 Expenditures and Amount of 2007 Ad
Valorem Tax establish the maximum limits of the 2008 budget. |
| Estimated Tax Rate is subject to change depending on the
final assessed valuation. |
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2006 |
2007 |
Proposed Budget 2008 |
| |
Prior Year Actual |
Actual |
Current Year Est |
Actual |
|
Amount of 2007 Ad Valorem Tax |
Est. |
| FUND |
Expenditures |
Tax Rate * |
of Expenditures |
Tax Rate * |
Expenditures |
Tax Rate * |
| General |
54,110,109 |
15.026 |
58,070,229 |
14.867 |
59,761,384 |
12,964,150 |
15.188 |
| Library |
2,759,000 |
3.264 |
2,950,000 |
3.258 |
3,021,000 |
2,781,869 |
3.259 |
| Public
Transportation |
1,354,785 |
0.632 |
1,512,858 |
0.746 |
1,783,085 |
1,239,600 |
1.452 |
| Recreation |
3,297,544 |
0.406 |
3,473,598 |
0.482 |
3,590,612 |
412,167 |
0.483 |
| Bond and
Interest |
8,758,665 |
7.047 |
11,609,099 |
7.005 |
11,720,000 |
5,980,037 |
7.006 |
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| Special
Highway |
2,588,388 |
|
2,915,425 |
|
2,851,711 |
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| Guest Tax |
671,823 |
|
850,000 |
|
982,000 |
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| Special
Alcohol |
611,360 |
|
626,899 |
|
653,154 |
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| Special
Recreation |
595,639 |
|
585,800 |
|
597,400 |
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| Water and
Sewer |
28,363,213 |
|
37,647,321 |
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39,685,414 |
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| Sanitation |
9,626,102 |
|
10,851,981 |
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11,003,901 |
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| Public
Parking |
819,013 |
|
1,152,174 |
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1,198,844 |
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| Storm Water |
3,396,994 |
|
4,020,314 |
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3,503,149 |
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| Golf Course |
1,015,162 |
|
1,004,303 |
|
972,940 |
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| Totals |
117,967,797 |
26.375 |
137,270,001 |
26.358 |
141,324,594 |
23,377,823 |
27.388 |
| Less: Transfers |
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| Net Expenditure |
117,967,797
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137,270,001
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141,324,594
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| Total Tax Levied |
19,835,000 |
|
21,034,000 |
|
x |
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| Assessed |
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| Valuation |
776,860,997 |
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824,365,924 |
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853,551,473 |
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| Outstanding
Indebtedness, |
|
| January 1, |
2005 |
|
2006 |
|
2007 |
|
| G.O. Bonds |
74,885,000 |
|
77,080,000 |
|
85,070,000 |
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| Revenue Bonds |
8,935,000 |
|
25,910,000 |
|
24,860,000 |
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| Other |
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0 |
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| Lease Purchase Principal |
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0 |
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| Total |
83,820,000 |
|
102,990,000 |
|
110,980,000 |
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| *Tax rates are expressed in mills |
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| City Official, Title___________________ |
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Page No. |
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