Posted: May 5, 2018

Wednesday, May 9, 2018 at 7pm - Public Hearing Notice

Public Notice

Town of Madisonville, Louisiana

The proposed budget of the Town of Madisonville, Louisiana for

the year ending June 30, 2019 will be available for public inspection at the

Madisonville Town Hall beginning Monday, May 7, 2018 A summary of the proposed budget follows:

 

Schedule of Budgeted Revenues and Expenditures - Governmental Fund Type and Enterprise Funds

 

 

Revenues

 

General Fund

Special

Revenue                        Enterprise

Fund                               Funds

Total All Funds

Ad valorem taxes

$  130,000

$                                   $

$  130,000

Sales taxes

    405,000

   495,000

     900,000

Other

    405,206

 

     405,206

Operating revenue

 

  2,894,261

   2,894,261

Total revenues

    940,206

     495,000                           2,894,261     

   4,329,467

Expenditures

    923,484

     548,838                           3,437,895

   4,910,217

Excess of revenues over/under expenditures

       16,722

     (53,838)                            (543,634)

     (580,750)

Other financing sources (uses)

 

 

 

Non-operating revenue

 

 

 

Capital Contributions-Grant Income

             

      150,000                               430,750           580,750

Excess of revenues and other financing sources over/under expenditures

 

    16,722             

         96162                              (112,884)                     0

 

    

         

Estimated fund balances and net assets at June 30, 2018

    643,291

       1,618,198

 

       4, 527,676

        6,789,165

 

 

 

 

 

 

Estimated fund balances and net assets at June 30, 2019

 

$    660,013

 

$       1,714,360

 

            $ 

 

        4,414,792

 

    $   6,789,165

 

A public hearing on the proposed budget

shall be held at 7:00 p.m. on Wednesday, May 9, 2018 at the Madisonville Town Hall located

at 403 St. Francis St., Madisonville, Louisiana