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Home My WebLink About2014-11-8199ORDINANCE NO. 2014-11-8199 AN ORDINANCE REPEALING ORDINANCE NO. 2013-6-8042 AND ADOPTING THE CITY OF PADUCAH, KENTUCKY, REVISED ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2013, THROUGH JUNE 30, 2014, BY ESTIMATING REVENUES AND RESOURCES AND APPROPRIATING FUNDS FOR THE OPERATION OF CITY GOVERNMENT. WHEREAS, an annual budget proposal has been prepared and delivered to the City Commission; and WHEREAS, the City Commission has reviewed such proposed budget and made the necessary modifications. BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. The following estimate of revenues and resources is adopted as the City of Paducah, Kentucky Revenue Budget for Fiscal Year 2013- 2014. - -- 1 zn MUNICIPAL FY2014 FY2014 COURT SMALL AID E911 AWARDS GENERAL GRANTS PROGRAM INVESTMENT CDBG HOME FUND FUND FUND FUND FUND FUND FUND 40 (01) (2) (03) (04) (06) (08) SOURCES: CASHFROM FUND RESERVE 100,150 CASH FROM FUND RESERVE 397,180 830,175 15 39,665 REVENUES: LISC, PERMITS, PROPERTY TAXES 6,297,050 OTHER TAXES 680,805 LISC, PERMITS, GRANTS, CONTRIBUTIONS 395,310 OTHER TAXES 22,517,230 FINES & FORFEITURES 597,075 4,469,855 GRANTS, CONTRIBUTIONS 980,100 21,500 202,895 802,900 158,000 FINES & FORFEITURES 105,135 95,555 21,905 INTEREST INCOME PROP RENTAL & SALES 411,440 13,945 RECREATION, OTHER FEES 270,355 CHARGES FOR SERVICES 668,015 5,798,770 MISCELLANEOUS 1301 INTEREST INCOME 160,185 13,955 RECREATION, OTHER FEES 108,605 1,078,585 84,650 880,145 6,714,160 9,289,620 MISCELLANEOUS 32,030 2,011,965 3,700 1 75,900 TOTAL SOURCES L 1,651,525 TOTAL REVENUES 31,279,790 21,500 611,030 4,473,555 878,800 428,355 FUND TRANSFERS IN 589,570 513,000 2,500 TOTAL SOURCES L31,869,360 21,500 1,521,212_L__1,306,230 878,815 1 468,020 - -- 1 zn GENERAL FY2014 COURT DEBT E911 AWARDS SERVICE CIP BOND FUND FUND FUND FUND FUND 12 13) 30 40 (42 SOURCES.- OURCES:CASH CASHFROM FUND RESERVE 100,150 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES 680,805 581,695 GRANTS, CONTRIBUTIONS 395,310 5,400,125 3,476,905 FINES & FORFEITURES 82,700 PROP RENTAL & SALES 202,895 167,455 CHARGES FOR SERVICES 95,555 21,905 INTEREST INCOME 2,340 1,950 13,945 RECREATION, OTHER FEES 5,798,770 MISCELLANEOUS 1301 1,124,675 TOTAL REVENUES 1,078,585 84,650 880,145 6,714,160 9,289,620 FUND TRANSFERS IN 472,790 2,011,965 5,549,445 295,095 TOTAL SOURCES L 1,651,525 84,650 1 2,892,110 1 12,263,605 1 9,584,715 - -- 1 zn FY2014 SOLID civic HEALTH AEPF/PFPF WASTE CENTER RENTAL RADIO INS TRUST FUND FUND FUND FUND FUND 50 62 63 64 SOURCES: 72 73) (76),(77),(84 SOURCES: CASH FROM FUND RESERVE 12,935 655 REVENUES: 37,320 PROPERTY TAXES REVENUES: LISC, PERMITS, PROPERTY TAXES OTHER TAXES LISC, PERMITS, GRANTS, CONTRIBUTIONS 55,105 OTHER TAXES FINES & FORFEITURES PROP RENTAL & SALES 13,420 41,265 129,900 141,290 CHARGES FOR SERVICES 4,410,040 INTEREST INCOME 48,185 PROP RENTAL & SALES 7,190 RECREATION, OTHER FEES 1,036,450 CHARGES FOR SERVICES 354,705 MISCELLANEOUS 9,640 3,568,835 10,800 INTEREST INCOME 32,590 TOTAL REVENUES 4,536,390 41,265 129,900 148,480 FUND TRANSFERS IN 27,870 13,550 3,530 TOTAL SOURCES L 4,536,390 82,070 144,105 148,480 FY2014 FLEET FLEET HEALTH AEPF/PFPF SERVICE TRUST INSUR INS TRUST PENSION FUND FUND FUND FUND FUND 70) 71 72 73) (76),(77),(84 SOURCES: CASH FROM FUND RESERVE 37,320 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES GRANTS, CONTRIBUTIONS FINES & FORFEITURES PROP RENTAL & SALES 758,155 1,036,450 CHARGES FOR SERVICES 354,705 929,600 3,568,835 10,800 INTEREST INCOME 32,590 199,610 RECREATION, OTHER FEES MISCELLANEOUS 250 3,530 TOTAL REVENUES 354,955 790,745 929,600 3,568,835 1,250,390 FUND TRANSFERS IN 163,825 8,500 98,655 411,845 TOTAL SOURCES 556,100 799,245 1,028,255 3,568,835 1 1,662,235 SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2013-2014. FY2014 GENERAL FUND 01 SMALL GRANTS FUND 2 MUNICIPAL AID PROGRAM FUND (03) INVESTMENT FUND (04) CDBG FUND 06 HOME FUND (08 APPROPRIATIONS. GENERAL GOVERNMENT GENERAL GOVERNMENT 1,288,170 3,335,130 FINANCE FINANCE 950,985 PRDA PRDA 119,840 INFORMATION SYSTEMS INFORMATION SYSTEMS 605,695 592,380 PLANNING 771,820 21,500 261,790 878,815 468,020 POLICE 9,183,930 181,370 ENG/PUBLIC WORKS FIRE 7,620,180 6,811,558 PARKS SERVICES ENG/PUBLIC WORKS 3,625,285 1,521,210 PARKS SERVICES 2,764,335 HUMAN RIGHTS CABLE AUTHORITY 84,050 HUMAN RIGHTS 37,460 MAIN STREET (LOWERTOWN) ENGINEERING 1,177,825 166,311 INVESTMENT FUND HUMAN RESOURCES 294,940 DEBT SERVICE / E911 1,651,525 MAIN STREET (LOWERTOWN) 168,615 5,798,785 SOLID WASTE OPERATION INVESTMENT FUND FLEET MAINTENANCE 718,200 DEBT SERVICE/E911 PENSIONS SOLID WASTE OPERATION CASH CARRY FORWRD/RESRV FLEET MAINTENANCE 63,080 149,945 151,090 1,263,930 FUND TRANSFERS OUT PENSIONS 186,055 2,522,000 OTHER (PJC, LEAVE ACCRUAL) 387,875 TOTAL APPROPRIATIONS 1,651,525 84,650 2,892,110 12,263,605 CASH CARRY FORWRD/RESRV 273,855 FUND TRANSFERS OUT 1 2,514,5001 4,588,030 TOTAL APPROPRIATIONS 31,869,360 21,500 1 1,521,210 5,306,230 1 878,815 468,020 FY2014 E911 FUND (12) COURT AWARDS FUND (13) GENERAL DEBT SERVICE FUND (30) CIP FUND (40) BOND FUND (42) APPROPRIATIONS: GENERAL GOVERNMENT 3,335,130 FINANCE PRDA INFORMATION SYSTEMS PLANNING 592,380 POLICE 21,570 261,790 FIRE 181,370 ENG/PUBLIC WORKS 6,811,558 PARKS SERVICES 577,921 CABLE AUTHORITY HUMAN RIGHTS ENGINEERING HUMAN RESOURCES MAIN STREET (LOWERTOWN) 166,311 INVESTMENT FUND DEBT SERVICE / E911 1,651,525 2,742,165 5,798,785 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS OTHER (PJC, LEAVE ACCRUAL) CASH CARRY FORWRD/RESRV 63,080 149,945 151,090 1,263,930 FUND TRANSFERS OUT 186,055 2,522,000 TOTAL APPROPRIATIONS 1,651,525 84,650 2,892,110 12,263,605 9,584,715 „ -T,— - - > FY2014 SOLID WASTE FUND 50 CIVIC CENTER FUND 62 RENTAL FUND 63 RADIO FUND 64 APPROPRIATIONS: APPROPRIATIONS. GENERAL GOVERNMENT GENERAL GOVERNMENT FINANCE FINANCE 43,475 PRDA 62,175 PRDA INFORMATION SYSTEMS PLANNING POLICE PLANNING FIRE POLICE ENG/PUBLIC WORKS 44,530 PARKS SERVICES 82,070 ENG/PUBLIC WORKS CABLE AUTHORITY HUMAN RIGHTS ENGINEERING CABLE AUTHORITY HUMAN RESOURCES HUMAN RIGHTS MAIN STREET (LOWERTOWN) ENGINEERING INVESTMENT FUND HUMAN RESOURCES DEBT SERVICE / E911 950,970 2,697,985 SOLID WASTE OPERATION 3,985,640 FLEET MAINTENANCE INVESTMENT FUND PENSIONS DEBT SERVICE / E911 OTHER (PJC, LEAVE ACCRUAL) SOLID WASTE OPERATION CASH CARRY FORWRD/RESRV 310,750 105,005 FUND TRANSFERS OUT 1 240,000 1 1 99,575 PENSIONS TOTAL APPROPRIATIONS 1 4,536,390 1 82,070 1 144,105 148,480 FY2014 FLEET SERVICE FUND (70) FLEET TRUST FUND (71 INSUR FUND 72) HEALTH INS TRUST FUND (73) AEPF/PFPF PENSION FUND (76),(77),(84 APPROPRIATIONS. GENERAL GOVERNMENT FINANCE 637,960 62,175 PRDA INFORMATION SYSTEMS PLANNING POLICE FIRE ENG/PUBLIC WORKS PARKS SERVICES CABLE AUTHORITY HUMAN RIGHTS ENGINEERING HUMAN RESOURCES 950,970 2,697,985 MAIN STREET (LOWERTOWN) INVESTMENT FUND DEBT SERVICE / E911 SOLID WASTE OPERATION FLEET MAINTENANCE 556,100 PENSIONS 1,522,235 OTHER (PJC, LEAVE ACCRUAL) CASH CARRY FORWRD/RESRV 161,285 68,785 870,850 77,825 FUND TRANSFERS OUT 8,500 556,100 799,245 1,028,255 3,568,835 1,662,235 TOTAL APPROPRIATIONS SECTION 3. The City Manager and Finance Director will publish a budget document which reflects the funding priorities set by the City Commission during their budget workshops and which will be used to interpret the above appropriations on the City's website. SECTION 4. The City does hereby adopt the following financial management policies: A. The General Fund's minimum undesignated cash balance shall be 10% of the General Fund's budgeted expenditures. The Investment Fund's minimum undesignated cash balance shall be 10% of the Investment Fund's budgeted expenditures. The Solid Waste Fund's minimum unreserved cash balance shall be 10% of the Solid Waste's budgeted operating expenses. The Debt Service Fund's designated fund balance shall not be less than $248,000. B. The City Manager is authorized to transfer budgeted amounts between funds, departmental budget line items, projects and between divisions of departments and between departments as shown in Section 2. C. Funds designated as Commission contingency shall be obligated upon approval by the City Commission by municipal order. D. Funds designated as Administrative contingency shall be obligated at the discretion of the City Manager, however, the Commission shall be notified five calendar days prior to approval of expenditure. If any individual member of the Board of Commissioners requests Commission review of a proposed expenditure, the City Manager must bring expenditure before the Commission for approval by municipal order. E. City Manager shall assure that recurring revenues and resources are greater than or equal to recurring expenditures. F. The City Manager has the authority to enact a budget allocation program or to transfer funds to or from any departmental line item to insurance or reserve accounts. G. As new vehicles are purchased the City will fully fund the Fleet Trust Fund in order to replace rolling stock owned by the General Fund as it achieves obsolescence. The Fleet Trust Fund shall be funded with monthly lease charges assigned to rolling stock as determined by the Finance Director or his designee. Additionally, General Fund transfers shall be made to offset the cost of initial rolling stock acquisition costs. H. The City will maintain a self insurance fund called Health Insurance Trust Fund through the use of user fees as set by administrative policy. I. The City will continue to maintain the Appointive Employees Pension Fund (AEPF) in a fully funded status through sound financial management and/or annual General Fund transfers as designated in the budget document. In fiscal year 2006, the City issued a General Obligation Bond for the Police and Firefighters' Pension Fund (PFPF) bringing the fund up to an actuarily sound basis; however, the multi-year recession starting in fiscal year 2009 reduced the fund's corpus leaving a new unfunded liability. Funding is provided in the General Fund of this ordinance to further address the PFPF unfunded liability. J. The City will provide to all eligible employees a $727.00 per month credit (for the months of July - December 2013) to be applied to the Comprehensive Health Insurance Benefit Plan (Cafeteria Plan) as directed by the employee. In January 2014, this monthly credit may be adjusted by the City K. The City will maintain a special fund called Investment Fund. The Investment Fund will be funded with 1/2 cent of the City's occupational license fee (employee payroll withholding tax). This fund is dedicated to the following expenditures: economic development, neighborhood re -development, infrastructure SECTION 5. Finance Director is responsible for maintaining current table of Estimated Revenues in Section 1 and Appropriation of Funds in Section 2 and to provide a copy to the City Clerk. If during the course of the year the City Commission adopts Ordinances to anticipate new revenues or to make new appropriations, the Finance Director will update these Tables and provide a copy to the City Clerk. SECTION 6. This ordinance shall be read on two separate days and will become effective upon publication in full pursuant to KRS Chapter 424. ATTEST: Tammara Sanderson, City Clerk Introduced by the Board of Commissioners, November 11, 2014 -- Adopted by the Board of Commissioners, November 25, 2014 Recorded by Tammara Sanderson, City Clerk, November 25, 2014 Published by The Paducah Sun, December 3, 2014