Notice of GFB amendment 1st Quarter 2018-2019

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, September 25, 2018, 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 2018-2019.

    

                                City of Monroe, Louisiana

    

 

    

                             General Fund Budget Amendment

    

 

    

                             For the Year Ending April 30, 2019

    

 

         

 

     

BUDGET AS

   

 

     

PREVIOUSLY

                AMENDMENT

BUDGET AS

 

 

 

 

 

 

AMENDED

INCREASE

DECREASE

AMENDED

 

REVENUES:

       

 

      TOTAL REVENUES

   

 $      58,003,113

         118,300

               -

$ 58,121,413

 

         

 

EXPENDITURES:

       

 

      TOTAL EXPENDITURES

  

         55,720,259

         406,149

        17,087

   56,109,321

 

         

 

EXCESS OF REVENUES OVER EXPENDITURES

    

 

      BEFORE OTHER FINANCING SOURCES (USES)

 

           2,282,854

      (287,849)

      (17,087)

     2,012,092

 

         

 

OTHER FINANCING SOURCES (USES)

     

 

      TOTAL OTHER FINANCING SOURCES (USES)

 

        (2,282,854)

        (46,546)

                  -

   (2,329,400)

 

         

 

NET CHANGE IN FUND BALANCE

  

                        -

      (334,395)

      (17,087)

      (317,308)

 

         

 

FUND BALANCE - BEGINNING

  

         13,783,875

  

   13,783,875

 

         

 

FUND BALANCE - ENDING

  

 $      13,783,875

      (334,395)

      (17,087)

 $13,466,567

 

         

 

*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, 2019

    

 

         

 

     

BUDGET AS

   

 

     

PREVIOUSLY

                AMENDMENT

BUDGET AS

 

 

 

 

 

 

AMENDED

INCREASE

DECREASE

AMENDED

 

REVENUES:

       

 

      TOTAL REVENUES

   

 $      26,190,793

                    -

                  -

 $26,190,793

 

         

 

EXPENDITURES:

       

 

      TOTAL EXPENDITURES

  

         13,846,589

             9,808

                  -  

   13,856,397

 

         

 

EXCESS OF REVENUES OVER EXPENDITURES

    

 

      BEFORE OTHER FINANCING SOURCES (USES)

 

         12,344,204

          (9,808)

                  -

   12,334,396

 

         

 

OTHER FINANCING SOURCES (USES)

     

 

      TOTAL OTHER FINANCING SOURCES (USES)

 

      (11,845,117)

                    -  

                  -  

 (11,845,117)

 

         

 

NET CHANGE IN FUND BALANCE

  

              499,087

          (9,808)

                  -

        489,279

 

         

 

FUND BALANCE - BEGINNING

  

         33,289,662

  

    33,289,662

 

         

 

FUND BALANCE - ENDING

  

 $      33,788,749

          (9,808)

                  -

 $33,778,941

 

         

 

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

   

 

    

 

 

 

 

    

 

    

                                City of Monroe, Louisiana

    

 

    

                             Enterprise Funds Budget Amendment

    

 

    

                             For the Year Ending April 30, 2019

    

 

         

 

     

BUDGET AS

   

 

     

PREVIOUSLY

                AMENDMENT

BUDGET AS

 

 

 

 

 

 

BUDGET

INCREASE

DECREASE

AMENDED

 

OPERATING REVENUES

      

 

      TOTAL OPERATING REVENUES

  

 $      23,320,776

                    -

 $               -  

 $23,320,776

 

         

 

OPERATING EXPENDITURES

      

 

      TOTAL OPERATING EXPENSES

  

         32,777,857

           72,306

                  -

   32,850,163

 

         

 

EXCESS OF REVENUES OVER EXPENDITURES

 

        (9,457,081)

        (72,306)

                  -

   (9,529,387)

 

         

 

NONOPERATING REVENUE

      

 

      TOTAL NONOPERATING REVENUE

 

           7,399,982

                    -

                  -

     7,399,982

 

         

 

OPERATING INCOME (Loss)

  

        (2,057,099)

        (72,306)

                  -

   (2,129,405)

 

         

 

OPERATING TRANSFERS IN (OUT)

      

 

    TOTAL OPERATING TRANSFERS

  

           9,946,594

                    -

                  -

     9,946,594

 

         

 

CHANGE IN NET POSITION

  

           7,889,495

        (72,306)

                  -

     7,817,189

 

         

 

NET POSITION - BEGINNING

  

       101,122,355

  

 101,122,355

 

         

 

NET POSITION - ENDING

   

 $    109,011,850

        (72,306)

                  -

 $108,939,544

 

         

 

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

   

 

         

 

    

                                  City of Monroe, Louisiana

    
    

                             Internal Service Funds Budget Amendment

    
    

                             For the Year Ending April 30, 2019

    
         

 

     

BUDGET AS

   

 

     

PREVIOUSLY

                AMENDMENT

BUDGET AS

 

 

 

 

 

 

BUDGET

INCREASE

DECREASE

AMENDED

 

REVENUES:

       

 

      TOTAL REVENUES

   

 $        1,150,500

 $                -  

 $               -  

 $   1,150,500

 

         

 

EXPENDITURES:

       

 

      TOTAL EXPENDITURES

  

           1,719,987

             6,055

                  -

      1,726,042

 

         

 

INCOME (LOSS) BEFORE OPERATING TRANSFERS

           (569,487)

          (6,055)

                  -

      (575,542)

 

         

 

OPERATING TRANSFERS IN (OUT)

     

 

      OPERATING TRANSFERS IN

  

              569,487

                    -

                  -

         569,487

 

      OPERATING TRANSFERS (OUT) 

  

                         -

                    -

                  -

                    -

 

      NET OPERATING TRANSFERS

  

              569,487

                    -

                  -

         569,487

 

         

 

CHANGE IN NET POSITION

  

                         -

          (6,055)

                  -

          (6,055)

 

         

 

NET POSITION - BEGINNING

  

           1,948,321

  

      1,948,321

 

     

                         -

   

 

NET POSITION - ENDING

   

 $        1,948,321

          (6,055)

                  -

 $   1,942,266

 

         

 

         

 

 

 

   

 

                                       

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 SEPTEMBER 14TH & 19TH, 2018.

                                                                     CAROLUS S. RILEY,CMC/MMC

City Clerk