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Home My WebLink About2011-10-7872ORDINANCE NO. 2011-10-7872 AN ORDINANCE RESCINDING ORDINANCE NO. 2010-6-7700, AND ADOPTING THE CITY OF PADUCAH, KENTUCKY, REVISED ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2010, THROUGH JUNE 30, 2011, BY ESTIMATING REVENUES AND RESOURCES AND APPROPRIATING FUNDS FOR THE OPERATION OF CITY GOVERNMENT. WHEREAS, Ordinance No. 2010-6-7700 adopted the City of Paducah's annual budget for FY2010-2011; and WHEREAS, the FY2011 budget must be adjusted to reflect all adjustments made throughout the fiscal year and any adjustments required by the independent financial auditors. BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. The City of Paducah hereby rescinds Ordinance No. 2010-6-7700 in its entirety and adopts the following revenues and resources as the City of Paducah, Kentucky Revenue Budget for Fiscal Year 2010-2011. FY2011 MUNICIPAL COURT FY2011 E911 AID FUND TELCOM GENERAL SMALL PROGRAM INVESTMENT CDBG' (12) FUND GRANTS FUND FUND FUND (01) (02) (03) (04) (06) SOURCES: PROPERTY TAXES CASH FROM FUND RESERVE 5 257,705 REVENUES: OTHER TAXES PROPERTY TAXES 5,753,540 GRANTS, CONTRIBUTIONS 9,800 8,655 363,420 LISC, PERMITS, FINES & FORFEITURES 63,310 OTHER TAXES 21,456,615 553,235 4,248,050 CHARGES FOR SERVICES GRANTS, CONTRIBUTIONS 1,878,865 49,995 INTEREST INCOME 339,645 FINES & FORFEITURES 137,575 520 RECREATION, OTHER FEES PROP RENTAL & SALES 407,080 MISCELLANEOUS 3,985 5,130 CHARGES FOR SERVICES 734,300 TOTAL REVENUES INTEREST INCOME 118,630 1,076,870 9,025 13,975 71,730 RECREATION, OTHER FEES 133,995 MISCELLANEOUS 22,545 1 6,000 240,285 1 1,562,195 1 64,515 TOTAL REVENUES 30,643,145 55,995 562,260 4,262,025 339,645 FUND TRANFERS IN 902,265 1,125 942,720 58,915 TOTAL SOURCES L 31,545,410 57,125 1 1,504,980 1 4,578,645 1 339,645 FY2011 COURT HOME E911 AWARDS FUND TELCOM FUND FUND (08) (11) (12) (13) SOURCES: CASH FROM FUND RESERVE 175,410 19,030 685 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES 705,015 GRANTS, CONTRIBUTIONS 9,800 8,655 363,420 FINES & FORFEITURES 63,310 PROP RENTAL & SALES 111,950 CHARGES FOR SERVICES 134,810 INTEREST INCOME 3,305 520 RECREATION, OTHER FEES MISCELLANEOUS 3,985 5,130 TOTAL REVENUES 121,750 147,450 1,076,870 63,830 FUND TRANFERS IN 71,730 92,835 466,295 TOTAL SOURCES 368,890 240,285 1 1,562,195 1 64,515 R:\City ClerffammyStuff\Excel\budget 2010-2011 final--revised0rdinance FY2011 GENERAL FLEET HEALTH MAINT AEPF/PFPF FY2011 DEBT TRUST INSUR SOLID CHIC PENSION PRA SERVICE CIP BOND WASTE CENTER RENTAL RADIO FUND FUND FUND FUND FUND FUND FUND SOURCES: (30) (40) (42) (50) (62) (63) (64) SOURCES: 28,900 10,165 535 110,980 CASH FROM FUND RESERVE 18,545 654,265 2,365,335 12,015 2,540 REVENUES. - PROPERTY TAXES LISC, PERMITS, OTHER TAXES 478,575 GRANTS, CONTRIBUTIONS 1,373,060 69,640 FINES & FORFEITURES 2,065 828,635 8,000 1,487,170 1,330 PROP RENTAL & SALES 405,790 10,300 944,190 67,655 33,765 101,885 141,490 CHARGES FOR SERVICES 73,925 14,490 4,333,370 263,435 860 INTEREST INCOME 8,750 16,145 45,715 (135) 3,865 RECREATION, OTHER FEES 345 1 1,100 40,000 44,390 MISCELLANEOUS 76,885 24,410 TOTAL REVENUES 356,470 874,685 944,190 3,786,000 8,000 1,792,630 46,580 TOTAL REVENUES 958,290 1,483,485 16,145 4,540,790 33,630 101,885 145,355 FUND TRANFERS IN 1,903,435 3,820,220 32,930 8,075 TOTAL SOURCES 528,445 874,685 986,380 1 3,786,000 1 20,550 1 2,238,930 437,665 TOTAL SOURCES 2,880,270 5,957,970 2,381,480 4,540,790 78,575 112,500 145,355 FY2011 FLEET FLEET HEALTH MAINT AEPF/PFPF SERVICE TRUST INSUR INS TRUST TRUST PENSION PRA FUND FUND FUND FUND FUND FUND FUND (70) (71) (72) (73) (74) (76),(77),(84) (80) SOURCES: CASH FROM FUND RESERVE 28,900 10,165 535 110,980 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES GRANTS, CONTRIBUTIONS FINES & FORFEITURES PROP RENTAL & SALES 2,065 828,635 8,000 1,487,170 1,330 CHARGES FOR SERVICES 354,040 944,190 3,784,900 2,025 INTEREST INCOME 20 46,050 263,435 860 RECREATION, OTHER FEES MISCELLANEOUS 345 1 1,100 40,000 44,390 TOTAL REVENUES 356,470 874,685 944,190 3,786,000 8,000 1,792,630 46,580 FUND TRANFERS IN 143,075 32,025 12,015 1446,300 280,105 TOTAL SOURCES 528,445 874,685 986,380 1 3,786,000 1 20,550 1 2,238,930 437,665 R:\City Clerk\TammyStuff\Excel\budget 2010-2011 final--revised0rdinance SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2010-2011. FY2011 GENERAL FUND (01) SMALL GRANTS (02) MUNICIPAL AID PROGRAM FUND (03) INVESTMENT FUND (04) CDBG FUND (06) APPROPRIATIONS: GENERAL GOVERNMENT GENERAL GOVERNMENT 1,266,480 FINANCE FINANCE 1,123,290 PRDA PRDA 121,200 185,965 INFORMATION SYSTEMS 526,360 PLANNING INSPECTIONS 821,545 POLICE PLANNING 744,335 50,000 FIRE 339,645 POLICE 8,870,630 PUBLIC WORKS FIRE 6,414,815 7,125 PUBLIC WORKS 3,674,245 HUMAN RIGHTS PARKS SERVICES 2,792,240 ENGINEERING CABLE AUTHORITY 84,240 RISK MANAGEMENT HUMAN RIGHTS 50,990 RENAISSANCE ENGINEERING 1,750,140 1,036,445 RISK MANAGEMENT 111,900 1,562,195 SOLID WASTE OPERATION RENAISSANCE 209,565 FLEET MAINTENANCE SPECIAL PROJECTS/PJC 324,340 PENSIONS INVESTMENT FUND CASH CARRY FORWRD/RESRV 941,500 DEBT SERVICE / E911 FUND TRANSFERS OUT 61,265 SOLID WASTE OPERATION TOTAL APPROPRIATIONS 368,890 FLEET MAINTENANCE 1,562,195 64,515 PENSIONS CASH CARRY FORWRD/RESRV 548,225 455,535 FUND TRANSFERS OUT 2,110,870 13,000 3,637,145 TOTAL APPROPRIATIONS L 31545410 57125 1504980 4578645 339645 FY2011 HOME FUND (08) TELCOM (11) E911 FUND (12) COURT AWARDS FUND (13) APPROPRIATIONS: GENERAL GOVERNMENT FINANCE PRDA INFORMATION SYSTEMS 185,965 INSPECTIONS PLANNING 307,625 POLICE 27,995 FIRE PUBLIC WORKS PARKS SERVICES CABLE AUTHORITY HUMAN RIGHTS ENGINEERING RISK MANAGEMENT RENAISSANCE INVESTMENT FUND DEBT SERVICE / E911 1,562,195 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV 54,320 36,520 FUND TRANSFERS OUT 61,265 TOTAL APPROPRIATIONS 368,890 240,285 1,562,195 64,515 R:\City Clerk\TammyStuff\Excel\budget 2010-2011 final--revised0rdinance FY2011 GENERAL DEBT SERVICE FUND (30) CIP FUND (40) BOND FUND (42) SOLID WASTE FUND (50) CHIC CENTER FUND (62) RENTAL FUND (63) RADIO FUND (64) APPROPRIATIONS: GENERAL GOVERNMENT 286,430 FINANCE 551,555 45,925 PRDA INFORMATION SYSTEMS INSPECTIONS 35,300 PLANNING 115,530 POLICE 444,685 FIRE 84,620 PUBLIC WORKS 8,000 33,495 PARKS SERVICES 78,575 CABLE AUTHORITY HUMAN RIGHTS ENGINEERING 1,171,995 RISK MANAGEMENT 986,380 3,031,445 RENAISSANCE 1,407,190 308,300 SPECIAL PROJECTS/PJC 2,175,955 INVESTMENT FUND DEBT SERVICE / E911 2,880,270 SOLID WASTE OPERATION 3,845,885 FLEET MAINTENANCE 528,445 PENSIONS 1,860,925 CASH CARRY FORWRD/RESRV 318,605 694,905 378,005 99,430 FUND TRANSFERS OUT 236,265 2,381,480 550,000 1 12,5501 79,005 1 129,365 TOTAL APPROPRIATIONS 2,880,270 5,957,970 2,381,480 4,540,790 1 78,575 1 112,500 145,355 FY2011 FLEET SERVICE FUND (70) FLEET TRUST FUND (71) INSUR FUND (72) HEALTH INS TRUST FUND (73) MAINT TRUST FUND (74) AEPF/PFPF PENSION FUND (76),(77),(84) PRA FUND (80) APPROPRIATIONS: GENERAL GOVERNMENT FINANCE 551,555 PRDA INFORMATION SYSTEMS INSPECTIONS PLANNING POLICE FIRE PUBLIC WORKS 8,000 PARKS SERVICES CABLE AUTHORITY HUMAN RIGHTS ENGINEERING RISK MANAGEMENT 986,380 3,031,445 RENAISSANCE 308,300 SPECIAL PROJECTS/PJC INVESTMENT FUND DEBT SERVICE / E911 SOLID WASTE OPERATION FLEET MAINTENANCE 528,445 PENSIONS 1,860,925 CASH CARRY FORWRD/RESRV 318,605 204,555 378,005 FUND TRANSFERS OUT 4,525 550,000 1 12,5501 1 129,365 TOTAL APPROPRIATIONS 528,445 874,685 986,380 3,786,000 1 20,550 1 2,238,930 1 437,665 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. SECTION 4. The City does hereby adopt the following financial management policies: A. The General Fund's minimum undesignated cash balance shall be 8% of the General Fund's budgeted expenditures. The Solid Waste Fund's minimum unreserved cash balance shall be 8% of the Solid Waste's budgeted operating expenses. The Debt Service Fund's designated fund balance shall be sufficient to fully fund all outstanding debt including principal and interest. B. The City Manager is authorized to transfer budgeted amounts between funds, departmental budget line items, and between divisions of departments and between departments as shown in Section 2. C. Funds designated as Commission contingency shall be obligated only upon approval by the City Commission by municipal order. R:\City Clerk\TammyStuff\Excel\budget 2010-2011 final--revised0rdinance D. Funds designated as Administrative contingency shall be obligated at the discretion of the City Manager, however, the Commission shall be notified five working 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 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 fiscal year 2009 recession 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 $708.33 per month credit (for the months of July - December 2010) to be applied to the Comprehensive Health Insurance Benefit Plan (Cafeteria Plan) as directed by the employee. In January 2011, this monthly credit will be increased by an amount equal to the increase in the CPI (USDOL Bureau of Labor Statistics Consumer Price Index - All urban consumers) during a 12 month period ending September 2010. K. The City will maintain a special fund called Investment Fund. The Investment Fund will be funded with a 1/2 cent increase in the City's occupational license fee (employee payroll withholding tax). This fund is dedicated to the following expenditures: economic development, neighborhood re- development, infrastructure capital investment and property tax relief. 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 ATTEST: Tammara Brock, City Clerk Introduced by the Board of Commissioners, October 11, 2011 Adopted by the Board of Commissioners, October 25, 2011 Recorded by Tammara Brock, City Clerk, October 25, 2011 Published by The Paducah Sun, October 29, 2011 budget 2010-2011 final --revised pter 424.