Fayetteville's

revenues and expenditures are about where they

should be at midyear, finance director Lynn Raven

told City Council Monday.

In

her annual midyear budget report, Raven said the

city has collected about $3.7 million of its

anticipated $6.86 million in general fund

revenues for fiscal year 200, which runs from

Aug. 1, 1999 to July 31, 2000.

Expenditures

also are at about 50 percent of the budget as of

Jan. 31, the midyear point, she said, except that

the city's capital projects have used only

$369,531 of the $1.29 million budgeted.

Work

is expected to begin in June or July on a

$290,000 brick paver program for the Courthouse

Square, for instance, so that project shows an

expenditure at midyear of 0 percent of budget.

Renovation of the historic Hollingsworth House

has used up $72,409 of the $121,903 budgeted,

while restoration work on the

Holliday/Dorsey/Fife House has eaten only $561 of

its $214,998 budget.

The

city's water and sewer revenues and expenses also

are running about normal, said Raven. The

department has spent $1.4 million of its $2.7

million budget, or 52 percent, and has received

54 percent of its anticipated revenue - $1.8

million out of $3.3 million.

Raven

is requesting a midyear amendment to the city

budget as well, increasing revenues and expenses

by $68,602 in the general fund, and $195,000 in

the water and sewer fund.

$75,000 settlement in a lawsuit against the

company that installed the city's air

conditioning system makes up the lion's share of

the increase on the revenue side, with $7,800

coming from a recent surplus auction and $5,802

transferred from the city's capital projects

fund.

Most

of the money, $68,687, will go for an upgrade to

the city's computer system, with the rest used

for four other minor projects.

Raven

also proposes to take $195,000 from reserves to

cover $160,000 in water purchases that were

necessary last summer and fall due to drought and

$35,000 in system enhancements.

Council

conducted a first reading of the proposed budget

changes Monday, and is expected to vote on the

request at its April 3 meeting.

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