Notice of Meeting/Hearing - General Fund Budget Amendment of the City of Monroe’s Operating Budget for the Fiscal Year 2018-2019

PUBLIC NOTICE 

 

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, 2019, 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

   

 $       58,121,413

      1,346,176

         403,010

 $        59,064,579

 

         

 

EXPENDITURES:

       

 

      TOTAL EXPENDITURES

  

          56,109,321

           25,858

         500,000

           55,635,179

 

         

 

EXCESS OF REVENUES OVER EXPENDITURES

    

 

      BEFORE OTHER FINANCING SOURCES (USES)

 

            2,012,092

      1,320,318

         (96,990)

             3,429,400

 

         

 

OTHER FINANCING SOURCES (USES)

     

 

      TOTAL OTHER FINANCING SOURCES (USES)

 

           (2,329,400)

      (700,000)

         400,000

           (3,429,400)

 

         

 

NET CHANGE IN FUND BALANCE

  

              (317,308)

         620,318

         303,010

                            -

 

         

 

FUND BALANCE - BEGINNING

  

          13,954,186

  

           13,954,186

 

         

 

FUND BALANCE - ENDING

  

 $       13,636,878

         620,318

         303,010

 $        13,954,186

 

         

 

*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

      1,845,536

                     -

 $        28,036,329

 

         

 

EXPENDITURES:

       

 

      TOTAL EXPENDITURES

  

          13,854,748

      1,674,477

                     -  

           15,529,225

 

         

 

EXCESS OF REVENUES OVER EXPENDITURES

    

 

      BEFORE OTHER FINANCING SOURCES (USES)

 

          12,336,045

         171,059

                     -

           12,507,104

 

         

 

OTHER FINANCING SOURCES (USES)

     

 

      TOTAL OTHER FINANCING SOURCES (USES)

 

         (11,845,117)

             1,111

                     -  

         (11,844,006)

 

         

 

NET CHANGE IN FUND BALANCE

  

               490,928

         172,170

                     -

                663,098

 

         

 

FUND BALANCE - BEGINNING

  

          31,273,005

  

           31,273,005

 

         

 

FUND BALANCE - ENDING

  

 $       31,763,933

         172,170

                     -

 $        31,936,103

 

         

 

*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

  

          32,850,163

    13,966,609

                     -

           46,816,772

 

         

 

EXCESS OF REVENUES OVER EXPENDITURES

 

           (9,529,387)

 (13,966,609)

                     -

         (23,495,996)

 

         

 

NONOPERATING REVENUE

      

 

      TOTAL NONOPERATING REVENUE

 

            7,399,982

                    -

                     -

             7,399,982

 

         

 

OPERATING INCOME (Loss)

  

           (2,129,405)

 (13,966,609)

                     -

         (16,096,014)

 

         

 

OPERATING TRANSFERS IN (OUT)

      

 

    TOTAL OPERATING TRANSFERS

  

            9,946,594

                    -

                     -

             9,946,594

 

         

 

CHANGE IN NET POSITION

  

            7,817,189

 (13,966,609)

                     -

           (6,149,420)

 

         

 

NET POSITION - BEGINNING

  

        100,892,268

  

         100,892,268

 

         

 

NET POSITION - ENDING

   

 $     108,709,457

 (13,966,609)

                     -

 $        94,742,848

 

         

 

*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

  

            1,726,042

           85,906

                     -

             1,811,948

 

         

 

INCOME (LOSS) BEFORE OPERATING TRANSFERS

              (575,542)

        (85,906)

                     -

              (661,448)

 

         

 

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)

        (85,906)

                     -

                (91,961)

 

         

 

NET POSITION - BEGINNING

  

            1,948,321

  

             1,948,321

 

     

                           -

   

 

NET POSITION - ENDING

   

 $         1,942,266

        (85,906)

                     -

 $          1,856,360

 

         

 

         

 

*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 APRIL 12TH, 2019.

CAROLUS S. RILEY,CMC/MMC

City Clerk