Notice of Proposed Budget Amendment

N O T I C E

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, April 23, 2024, beginning at 6:00 p.m., to hear and consider all comments, protests and objections relative to the following proposed amendments to the City of Monroe’s Operating Budget for the Fiscal Year 2023-2024.

City of Monroe, Louisiana

 General Fund Budget Amendment

 For the Year Ending April 30, 2024

        
     

BUDGET AS

  
     

PREVIOUSLY

 

BUDGET AS

 

 

 

 

 

ADOPTED/ AMENDED

CHANGE

AMENDED

REVENUES:

      

      TOTAL REVENUES

   

 $            64,672,268

 $     4,280,369

 $        68,952,637

        

EXPENDITURES:

      

      TOTAL EXPENDITURES

  

               61,851,214

        4,447,204

           66,298,418

        

EXCESS OF REVENUES OVER EXPENDITURES

   

      BEFORE OTHER FINANCING SOURCES (USES)

 

                 2,821,054

         (166,835)

             2,654,219

        

OTHER FINANCING SOURCES (USES)

    

      TOTAL OTHER FINANCING SOURCES (USES)

 

                (2,654,219)

                      -

           (2,654,219)

        

NET CHANGE IN FUND BALANCE

  

                    166,835

         (166,835)

                            -

        

FUND BALANCE - BEGINNING

  

               19,597,282

 

           19,597,282

        

FUND BALANCE - ENDING

  

 $            19,764,117

         (166,835)

 $        19,597,282

        

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

  
        

City of Monroe, Louisiana

 Special Revenue Funds Budget Amendment

 For the Year Ending April 30, 2024

        
     

BUDGET AS

  
     

PREVIOUSLY

 

BUDGET AS

 

 

 

 

 

ADOPTED/ AMENDED

CHANGE

AMENDED

REVENUES:

      

      TOTAL REVENUES

   

 $            33,586,631

 $     5,055,890

 $        38,642,521

        

EXPENDITURES:

      

      TOTAL EXPENDITURES

  

               22,909,275

      10,562,246

           33,471,521

        

EXCESS OF REVENUES OVER EXPENDITURES

   

      BEFORE OTHER FINANCING SOURCES (USES)

 

               10,677,356

      (5,506,356)

             5,171,000

        

OTHER FINANCING SOURCES (USES)

    

      TOTAL OTHER FINANCING SOURCES (USES)

 

              (11,397,155)

      (4,169,861)

         (15,567,016)

        

NET CHANGE IN FUND BALANCE

  

                   (719,799)

      (9,676,217)

         (10,396,016)

        

FUND BALANCE - BEGINNING

  

               40,871,256

 

           40,871,256

        

FUND BALANCE - ENDING

  

 $            40,151,457

 $   (9,676,217)

 $        30,475,240

        

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

  
        

NOTICE IS FURTHER GIVEN that copies of these proposed amendments to the Operating Budget are 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 APRIL 1ST & 12TH, 2024.

 

CAROLUS S. RILEY, CMC, MMC

City Clerk