Laserfiche WebLink
LAKE IAINIJE11 ONK/1 COI:�E(;:'! 11GIJ DIOTFICT <br />473-7033 <br />TO: l_MCD BOARD OF DIRECTORS <br />FROM: Frank Mixa, Executive Director <br />DATE: October 4, 1984 <br />SUBJ: 1985 Revised Budget <br />Attached is the revised 1985 budget for the District. The total budget <br />request of $99,950 represents an increase of $4,095 (5.9%) more than last <br />year; but because of fee schedule changes, the original levy of $72,920 has <br />been reduced $22,945 (31.6%) to $49,975, or 50% of the total budget. <br />Distribution of the levy to the villages would also result in a decrease of <br />approximately 28% from last year, depending on relative changes in dss-.sed <br />values. There was no levy increase from 1982 to 1983. The budget now levys <br />approximately 27.8% of the 1/3 mil allowable under the Statute, compared with <br />39.8% last year, and 42.6% the year before. This ratio has been declining <br />steadily from 75% in 1975 (relatively, a 632 drop). <br />The budget provides the following adjustments: <br />1. 6% for salary increases. <br />2. Continued adjustment in the Capital Outlay to replace funds <br />expended for the Xerox collator, memorywriter, and for other <br />future office equipment purchases. <br />3. Provision has been made Under Other Contractual Services for <br />contractual accounting services as in 1984. Part-time clerical <br />is transferred to Salaries. <br />4. Recodification of the LMCD Code of CrL:inances has been <br />budgeted in 1984 and 1985 as needed. <br />5. The office rent increase for 1983 is amortized over the <br />balance of the lease @ $405 per year. <br />6. Other minor changes reflect adjustments for increased LMCD <br />activity or anti^ipated inflationary effects. <br />The Contingencies and Reserve fund of $51,662 will fall below the District <br />limit of one-half the budget by the end of 1984, after purchasing authorized <br />