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File #: LM-2026-0095    Version: 1 Name:
Type: Order Status: In Committee
File created: 3/4/2026 In control: Finance Committee
On agenda: Final action:
Title: ORDER OF THE NEW HAVEN BOARD OF ALDERS APPROVING THE 2026-27 LIGHTHOUSE CAROUSEL FUND BUDGET
Attachments: 1. 0 - Checklist - OPMG Lighthouse Carousel Enterprise Fund FY26-27, 2. 1 - Cover Letter - OPMG Lighthouse Carousel Enterprise Fund FY26-27, 3. 2 - Order - OPMG Lighthouse Carousel Enterprise Fund FY26-27, 4. 3 - PNF - OPMG Lighthouse Carousel Enterprise Fund FY26-27, 5. 4 - FIS - OPMG Lighthouse Carousel Enterprise Fund FY26-27

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ORDER OF THE NEW HAVEN BOARD OF ALDERS APPROVING THE 2026-27 LIGHTHOUSE CAROUSEL FUND BUDGET

 

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NOW THEREFORE BE IT ORDERED by the New Haven Board of Alders that the operating budget for the Lighthouse Carousel fund be and hereby is approved for FY 2026-2027 as follows:                                          

 

For the Year Ending                     6/30/2026

Fiscal Year 2027 Anticipated Beginning Balance                                          566,755

 

Anticipated Revenues for Fiscal Year 2026-27                                          

 

Rental Revenues                                                               

Permit Application Fee                                          6,000

Overtime Fees - Maintenance                                          50,000

Overtime Fees - Security                                          15,000

Rental Income - Building                                          40,000

Rental Income - Chairs & Tables                     20,000

Other Miscellaneous Fees including                      25,000

administration

 

Net Anticipated Revenue                                          156,000

 

Anticipated Expenditures for Fiscal Year 2026-27

Salaries                                                                                                         74,179

Salary Reserve                                                                                           0

Security staff                                                                                    78,696

Overtime                                                                                     50,000

Longevity                                                                                       3,148

3144 Spec Fund 457                                                                  1,637

Repairs & Maintenance                                             5,000

Remodeling/Renovations                                          400,000

Misc Expenses                                                                                       2,754

FICA/Medicare                                                                  6,261

Workers Compensation                                               504

 

Net Anticipated Expenditures                                                               622,179

 

FY 2026-27 Anticipated Operating Result Gain / (Loss)                     (466,179)

 

 

FY 2026-27 Anticipated End of Year Balance                                                               100,576