Notice of Meeting/Hearing - Adjustment to Millage Rates CANCELLED
NOTICE OF INTENT
Notice is hereby given pursuant to Article 7, Section 23(C) of the Constitution and R.S. 47:1705(B) that a Public Hearing will be held by the City Council of the City of Monroe, Louisiana, at its regular meeting place, the Council Chamber, City Hall Building, Monroe, Louisiana, Tuesday, May 28, 2019, beginning at 6:00 p.m., to hear and consider all comments, protests and objections relative to levying additional or increased millage rates without further voter approval or adopting the adjusted millage rate and rolling forward to a millage rate not to exceed the prior year’s maximum. The estimated amount of tax revenues to be collected in the next year from the increased millage is $12,732,289.00, and the amount of increase in taxes attributable to the millage increase is $842,675.00.
CITY OF MONROE |
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FY 2019 ANNUAL OPERATING BUDGET |
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GENERAL FUND |
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Statement of Revenues, Expenditures, and Changes in Fund Balance for the Year Ended April 30, 2019 |
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FY 2019 Amended Budget |
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REVENUES | |||||||
Taxes | |||||||
Ad Valorem | $ 7,663,008 | ||||||
Sales | 35,859,176 | ||||||
Other taxes, penalties and interest | 869,000 | ||||||
License, permits and assessments | 3,439,668 | ||||||
Fees, charges and comm. for services | 7,620,633 | ||||||
Use of money and property | 36,400 | ||||||
Fines and Forfeitures | 638,920 | ||||||
Other Income | 562,400 | ||||||
Intergovernmental | |||||||
Federal Grants | 126,253 | ||||||
State Grants | 1,956,000 | ||||||
Local | 30,000 | ||||||
Total Revenues | 58,801,458 | ||||||
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EXPENDITURES | |||||||
General Government | |||||||
Legislative | 547,022 | ||||||
Judicial | 2,705,663 | ||||||
Executive | 847,102 | ||||||
Financial Administration | 10,762,289 | ||||||
Other General Government | 861,304 | ||||||
Public Safety | |||||||
Police | 12,499,796 | ||||||
Fire | 12,546,628 | ||||||
Public Works | 8,825,457 | ||||||
Culture - Recreation | 4,741,163 | ||||||
Planning and Urban Development | 1,161,641 | ||||||
Economic Development | - | ||||||
Capital Outlay | 524,400 | ||||||
Debt Service | 266,856 | ||||||
Total Expenditures | 56,289,321 | ||||||
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EXCESS (DEFICIENCY) OF REVENUES | |||||||
OVER EXPENDITURES | 2,512,137 | ||||||
OTHER FINANCING SOURCES (USES) | |||||||
Transfers In | 1,083,001 | ||||||
Transfers (Out) | (3,912,446) | ||||||
Insurance Proceeds | - | ||||||
Total Other Financing Sources (Uses) | (2,829,445) | ||||||
NET CHANGES IN FUND BALANCES | (317,308) | ||||||
FUND BALANCES - BEGINNING | 13,954,186 | ||||||
FUND BALANCES - ENDING | $ 13,636,878 | ||||||
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