Lake City Report -
Sept. 3, 2010
Budget Hearing on the
docket for Tuesday
Columbia County, FL (Posted Sept 3, 2010 10:40 am)
by City Manager Wendell Johnson and
staff
From City Manager Wendell Johnson
A few words about the 2011 City budget
The focus of activity this week was the FY11
Budget.
The City’s first public hearing for “Tentative”
adoption of the new budget is scheduled for
September 7, 2010 at 6:30 p.m.
A summary of proposed budget revenues and
expenditures for FY11 reveal a 23.13% increase
over the current FY10 year. The key reason for
this noticeable change is the planned
construction of the new Lake City Airport
Terminal ($1.8 million) and the design and first
phase construction of the Kicklighter Road Waste
Water Treatment Plant ($18 million cost).
The FY11 Budget Summary is provided as follows:
PROJECTED REVENUES - UNRESTRICTED
Ad Valorem Taxes $ 2,864,99 (3.9816
MILLS)
General
Fund
10,790,785
Fire Fund
1,781,524
Airport Fund
1,594,061
Gas Fund
3,960,333
Water/Sewer Fund
12,608,910
Total Unrestricted Funds $ 33,600,603
PROJECTED REVENUES - RESTRICTED
Debt Service $ 348,775
C.R.A. (TIF) 700,528
Justice Assistance Grant 56,197
Impact Trust Fund 433,800
CDBG Housing
110,000
Emergency Set Aside
192,813
Sales Tax Bond 608,000
Water Sewer Construction 1,860,000
Airport Construction Fund 2,702,875
Special Police Fund 5,600
Total Restricted Funds
$ 7,018,588
TOTAL PROJECTED REVENUES AND OTHER
FINANCING
SOURCES FOR PROPOSED FY11 BUDGET
$ 40,619,191
TOTAL PROJECTED REVENUES AND OTHER
FINANCING
SOURCES FOR CURRENT FY10 BUDGET
$ 32,989,050
------------------------------------------------------------------------------------
PROJECTED EXPENDITURES/EXPENSES - UNRESTRICTED
GENERAL FUND
Executive-City Council $ 195,190
Administration
4,805,297
Airport 1,594,061
Growth Management
479,126
Police 3,653,200
Health
& Welfare
133,000
Fire
1,781,524
Street 2,007,094
Solid
Waste 1,567,764
Recreation 815,104
TOTAL PROJECTED
GENERAL
FUND EXPENDITURES $ 17,031,360
ENTERPRISE FUNDS
Gas
$ 3,960,333
Water/Sewer 12,608,910
TOTAL PROJECTED
ENTERPRISE FUNDS
EXPENDITURES $ 16,569,243
PROJECTED EXPENDITURES – RESTRICTED
Debt
Service $ 348,775
CRA 700,528
Justice
Assistance Grant
56,197
Impact
Trust
Fund 433,800
CDBG
Housing 110,000
Emergency Set Aside 192,813
Sales
Tax Bond
608,000
Airport Construction Fund
2,702,875
Special Police Fund 5,600
Water Sewer
Construction 1,860,000
TOTAL PROJECTED
RESTRICTED FUNDS EXPENDITURES $ 7,018,588
TOTAL PROJECTED EXPENDITURES/EXPENSES
ALL
FUNDS FOR FY11
BUDGET $ 40,619,191
TOTAL PROJECTED EXPENDITURES/EXPENSES
ALL
FUNDS FOR FY10 BUDGET $ 32,989,050
The City Staff Report is available in pdf format
here.
