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

 

 

FY 2019 ANNUAL OPERATING BUDGET

 

   

 

GENERAL FUND

 

 

Statement of Revenues, Expenditures, and Changes in Fund Balance for the Year Ended April 30, 2019

 

   

 

  

  FY 2019 Amended     Budget

 

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

 

 

 

 

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

 

 

 

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