Notice of Meeting/Hearing - General Fund Budget Amendment of the City of Monroe’s Operating Budget for the Fiscal Year 2019-2020

NOTICE IS HEREBY GIVEN 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, March 24, 2020, beginning at 6:00 p.m., to hear and consider all comments, protests and objections relative to the following proposed General Fund Budget Amendment of the City of Monroe’s Operating Budget for the Fiscal Year 2019-2020.

    

                                City of Monroe, Louisiana

    
    

                            Special Revenue Funds Budget Amendment

    
    

                             For the Year Ending April 30, 2020

    
         
     

BUDGET AS

   

 

     

PREVIOUSLY

                AMENDMENT

BUDGET AS

 

 

 

 

 

 

AMENDED

INCREASE

DECREASE

AMENDED

 

REVENUES:

       

 

      TOTAL REVENUES

   

 $ 27,670,293

 $2,075,724

 $     48,002

 $      29,698,015

 

         

 

EXPENDITURES:

       

 

      TOTAL EXPENDITURES

  

    16,109,652

  2,668,773

                  -

         18,778,425

 

         

 

EXCESS OF REVENUES OVER EXPENDITURES

    

 

      BEFORE OTHER FINANCING SOURCES (USES)

 

    11,560,641

  (593,049)

        48,002

         10,919,590

 

         

 

OTHER FINANCING SOURCES (USES)

     

 

      TOTAL OTHER FINANCING SOURCES (USES)

 

  (11,887,735)

     313,144

          2,500

       (11,577,091)

 

         

 

NET CHANGE IN FUND BALANCE

  

       (327,094)

  (279,905)

        50,502

            (657,501)

 

         

 

FUND BALANCE - BEGINNING

  

    34,588,951

  

         34,588,951

 

         

 

FUND BALANCE - ENDING

  

 $ 34,261,857

 $(279,905)

 $     50,502

 $      33,931,450

 

         

 

*Details of the above totals are available in the Clerk of Council's office.

   

 

               

 

NOTICE IS FURTHER GIVEN that copies of the proposed Operating Budget is on file in the City Clerk’s Office, 2nd floor, City Hall Building and can be examined by the public during regular business hours Monday through Friday.

 

All persons who wished to comment, protest or object to any portion of the above mentioned proposed amendments are urged to attend this meeting.

 

NOTICE PUBLISHED IN THE MONROE NEWS-STAR ON MARCH 13TH, 2020.

                                                                     CAROLUS S. RILEY,CMC/MMC

City Clerk