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Home My WebLink About2016-12-8460ORDINANCE NO. 2016-12-8460 AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, FINAL ANNUAL BUDGET FOR FISCAL YEAR JULY 1, 2015, THROUGH JUNE 30, 2016 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 revenues and resources are adopted as the City of Paducah, Kentucky Revenue Budget for Fiscal Year 2015-2016. R:\City ClerffammyStuff\Excel\budget 2015-2016 final --revised Ordinance MUNICIPAL GENERAL FY2016 AID DEBT GENERAL PROGRAM INVESTMENT FUND CDBG FUND FUND 01 FUND 03 04 06 SOURCES. 12 13 30 40 CASH FROM FUND RESERVE 9,395 REVENUES: 310 PROPERTY TAXES 6,595,760 LISC, PERMITS, OTHER TAXES 24,658,550 497,145 4,947,985 GRANTS, CONTRIBUTIONS 873,270 583,320 737,500 FINES & FORFEITURES 90,795 7,509,610 PROP RENTAL & SALES 419,565 29,230 CHARGES FOR SERVICES 692,080 289,000 42,960 INTEREST INCOME 97,000 7,130 52,385 11,135 RECREATION, OTHER FEES 134,925 1,145 MISCELLANEOUS 55,600 362,700 MISCELLANEOUS TOTAL REVENUES 33,617,545 504,275 4,947,985 737,500 FUND TRANSFERS IN 619,900 825,000 261,000 7,926,405 FUND TRANSFERS IN 470,140 2,157,160 TOTAL SOURCES 34,237,445 1,338,670 1 5,208,985 1 737,500 R:\City ClerffammyStuff\Excel\budget 2015-2016 final --revised Ordinance GENERAL FY2016 COURT DEBT E911 AWARDS SERVICE CIP FUND FUND FUND FUND 12 13 30 40 SOURCES.- OURCES.CASH CASHFROM FUND RESERVE 310 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES 618,765 583,320 GRANTS, CONTRIBUTIONS 374,120 7,509,610 FINES & FORFEITURES 29,230 PROP RENTAL & SALES 289,000 42,960 CHARGES FOR SERVICES 52,385 11,135 INTEREST INCOME 785 1,145 RECREATION, OTHER FEES 362,700 MISCELLANEOUS TOTAL REVENUES 993,670 30,375 924,705 7,926,405 FUND TRANSFERS IN 470,140 2,157,160 5,946,270 TOTAL SOURCES 1 1,464,120 30,375 1 3,081,86513,872,675 R:\City ClerffammyStuff\Excel\budget 2015-2016 final --revised Ordinance FY2016 FLEET SOLID CIVIC HEALTH AEPF/PFPF BOND WASTE CENTER RENTAL RADIO FUND FUND FUND FUND FUND 42 50 62 63 64 SOURCES: CASH FROM FUND RESERVE 1,269,045 847,740 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES GRANTS, CONTRIBUTIONS 60,065 FINES & FORFEITURES PROP RENTAL & SALES 3,440 78,800 40,145 134,920 124,165 CHARGES FOR SERVICES 345,895 4,520,075 1,098,625 3,938,110 9,065 INTEREST INCOME 5,315 30,255 4,540 RECREATION, OTHER FEES 2,465 MISCELLANEOUS 835 1 3,505 TOTAL REVENUES 5,315 4,691,660 40,145 134,920 128,705 FUND TRANSFERS IN 158,155 102,415 24,785 38,110 TOTAL SOURCES 1 1,274,360 4,691,660 1 142,560 1 159,705 1 166,815 FY2016 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 3,390 847,740 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES GRANTS, CONTRIBUTIONS FINES & FORFEITURES PROP RENTAL & SALES 3,440 988,675 17,130 CHARGES FOR SERVICES 345,895 1,098,625 3,938,110 9,065 INTEREST INCOME 21,280 153,590 RECREATION, OTHER FEES MISCELLANEOUS 835 1 3,505 TOTAL REVENUES 350,170 1,009,955 1,098,625 3,938,110 183,290 FUND TRANSFERS IN 158,155 95,720 418,860 TOTAL SOURCES L 511,715 1,009,955 1 1,194,345 1 3,938,112J 1,449,890 RACity Clerk\TammyStuff\Excel\budget 2015-2016 final -revised Ordinance SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2015-2016. FY2016 GENERAL FUND 01 MUNICIPAL AID PROGRAM FUND 03 INVESTMENT FUND 04 CDBG FUND 06 APPROPRIATIONS: GENERAL GOVERNMENT 1,362,230 1,001,506 FINANCE 996,515 PRDA 133,230 INFORMATION SYSTEMS 590,645 PLANNING 912,515 237,500 POLICE 9,015,705 28,020 368,025 FIRE 7,928,780 219,420 ENG/PUBLIC WORKS 3,569,595 1,338,670 9,150,502 PARKS SERVICES 2,930,505 170,061 CABLE AUTHORITY 93,930 HUMAN RIGHTS 34,280 ENGINEERING 1,199,200 HUMAN RESOURCES 220,045 INVESTMENT FUND 672,880 DEBT SERVICE / E911 1,464,120 2,983,400 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS OTHER (PJC, LEAVE ACCRUAL) 347,835 CASH CARRY FORWRD/RESRV 528,775 2,355 203,740 309,080 FUND TRANSFERS OUT 4,373,660 I 4,332,365 1 500,000 TOTAL APPROPRIATIONS 34,237,445 1,338,670 5,208,985 1 737,500 FY2016 E911 FUND 12 COURT AWARDS FUND 13 GENERAL DEBT SERVICE FUND (30) CIP FUND (40 APPROPRIATIONS: GENERAL GOVERNMENT 1,001,506 FINANCE PRDA INFORMATION SYSTEMS PLANNING, 2,396,431 POLICE 28,020 368,025 FIRE 219,420 ENG/PUBLIC WORKS 9,150,502 PARKS SERVICES 170,061 CABLE AUTHORITY HUMAN RIGHTS ENGINEERING HUMAN RESOURCES INVESTMENT FUND DEBT SERVICE / E911 1,464,120 2,983,400 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS OTHER (PJC, LEAVE ACCRUAL) CASH CARRY FORWRD/RESRV 2,355 98,465 309,080 FUND TRANSFERS OUT I I 1 1 257,650 TOTAL APPROPRIATIONS 1 1,464,120 30,375 1 3,081,865 1 13,872,675 R:\City Clerk\TammyStufiiExceKbudget 2015-2016 final --revised Ordinance FY2016 BOND FUND 42 SOLID WASTE FUND 50 CIVIC CENTER FUND 62 RENTAL FUND 63 RADIO FUND 64 APPROPRIATIONS: GENERAL GOVERNMENT FINANCE 770,710 51,300 PRDA INFORMATION SYSTEMS PLANNING POLICE FIRE ENG/PUBLIC WORKS 65,210 PARKS SERVICES 74,510 CABLE AUTHORITY HUMAN RIGHTS ENGINEERING HUMAN RESOURCES 1,141,015 3,817,100 INVESTMENT FUND DEBT SERVICE / E911 SOLID WASTE OPERATION 3,770,525 FLEET MAINTENANCE 511,715 PENSIONS 1,382,235 OTHER (PJC, LEAVE ACCRUAL) CASH CARRY FORWRD/RESRV 635,265 68,050 775 115,515 FUND TRANSFERS OUT 1,274,360 285,870 1 1 93,720 1 511,715 1,009,955 1 1,194,345 3,938,110 1,449,890 TOTAL APPROPRIATIONS 1,274,360 4,691,660 1 142,560 1 159,705 1 166,815 FY2016 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 770,710 67,655 PRDA INFORMATION SYSTEMS PLANNING POLICE FIRE ENG/PUBLIC WORKS PARKS SERVICES CABLE AUTHORITY HUMAN RIGHTS ENGINEERING HUMAN RESOURCES 1,141,015 3,817,100 INVESTMENT FUND DEBT SERVICE / E911 SOLID WASTE OPERATION FLEET MAINTENANCE 511,715 PENSIONS 1,382,235 OTHER (PJC, LEAVE ACCRUAL) CASH CARRY FORWRD/RESRV 239,245 53,330 121,010 FUND TRANSFERS OUT 1 511,715 1,009,955 1 1,194,345 3,938,110 1,449,890 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 minimum cash balance shall be not less than $550,000. B. The City Manager is authorized to transfer appropriated amounts between funds, departmental budget line items, projects, between divisions of departments, and between departments as shown in Section 2. C. Appropriations designated as Commission contingency shall be obligated upon approval by the City Commission by municipal order. D. Funds appropriated as Administrative contingency shall be obligated at the discretion of the City Manager, however, the City Commission shall be notified five calendar days prior to obligation of the expenditure. Vany 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, or not proceed. 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 appropriation. R:\City Clerk\TammyStuff\Fxcel\budget 2015-2016 final --revised Ordinance G. As new vehicles are acquired, the City will fully fund the Fleet Trust Fund in order to replace rolling stock owned by the Fleet Trust 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. All rolling stock is owned by the City's Fleet Trust Fund. 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. The AEPF may be combined with the PFPF should it be determined, by the Finance Director, that such a combination is administratively more effective and/or financially prudent. J. 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 actuarially 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. K. The City will provide to all eligible employees up to a $727.00 per month credit (for the months of July - December 2015) to be applied to the Comprehensive Health Insurance Benefit Plan (Cafeteria Plan) as directed by the employee. In January 2016, this monthly credit may be adjusted by the City Commission as recommended by the City Manager or his designee. L. The City will maintain a special fund called Investment Fund, and is considered an extension of the General 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 become effective upon publication in full pursuant to KRS Chapter 424. ATTEST: �Q Tammara Sanderson, City Clerk Introduced by the Board of Commissioners, December 6, 2016 Adopted by the Board of Commissioners, December 13, 2016 Recorded by Tammara Sanderson, City Clerk, December 13, 2016 Published by The Paducah Sun, December 17, 2016 R:\City ClerffammyStufflExcellbudget 2015-2016 final --revised Ordinance ,. ,.,[ L� _�. — - ......-7—ra .. 7