Staff Report

Final approval of a fiscal 2006 budget that projects $1,296,450 in total expenditures — up from fiscal 2005’s estimated total ex-penditures of $899,890 — is scheduled to be considered next week by the Green Park Board of Aldermen.

The Board of Aldermen is scheduled to meet at 7 p.m. Monday, Dec. 19, at City Hall, 11100 Mueller Road, Suite 2.

The proposed 2006 budget projects general fund expenditures of $771,450 with anticipated revenue of $917,300 — a surplus of $145,850. The proposed budget estimates 2005 general fund revenues at $973,630, up from the $850,300 in the budget adopted last year.

As proposed, total revenues for 2006 are projected at $1,297,300.

Expenditures totaling $525,000 are projected for the capital improvements fund in 2006 with anticipated revenue of $380,000 — a shortfall of $145,000.

With a projected beginning balance of $568,215, however, a fund balance of $423,215 is projected on Dec. 31, 2006.

The proposed budget estimates 2005 capital improvements fund expenditures at $320,00, down from the $410,00 anticipated in the budget adopted last year. Esti-mated 2005 revenue for the capital im-provements fund is $380,000, the same amount as in the original budget.

Revenue for the capital improvements fund is generated by a half-cent sales tax approved by Green Park voters in No-vember 2001.

The proposed 2006 budget estimates that the city would have a total general fund balance of $2,444,424 on Dec. 31, 2006, up from the estimated 2005 ending balance of $2,284,401.

Excluding $440,000 for contingencies, the proposed 2006 budget projects Green Park would have an unreserved general fund balance of $2,004,424, up from the estimated 2005 unreserved general fund balance of $1,844,401.