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Home My WebLink About2012-6-7929ORDINANCE NO. 2012-6-7929 AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2012, THROUGH JUNE 30, 2013, 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 2012-2013. R:\City Clerk\TammyStuff\Excel\Budget FY2012 -2013\Ordinance MUNICIPAL GET34 FY2013 AID COURT DL GENERAL PROGRAM INVESTMENT CDBG HOME FUND FUND FUND FUND FUND 01 03 04 06 08 SOURCES. CASH FROM FUND RESERVE - 343,500 38,170 REVENUES: PROPERTY TAXES 5,559,700 LISC, PERMITS, OTHER TAXES 21,924,250 510,000 4,590,000 540,000 510,000 GRANTS, CONTRIBUTIONS 1,061,435 410,455 1,000,000 308,000 FINES & FORFEITURES 101,200 43,000 PROP RENTAL & SALES 423,600 405,800 CHARGES FOR SERVICES 693,385 27,320 INTEREST INCOME 104,000 7,000 6,500 RECREATION, OTHER FEES 86,500 MISCELLANEOUS 15,000 0 114,000 TOTALREVENUES 29,969,070 517,000 4,940,000 1,114,000 308,000 FUND TRANSFERS IN 923,390 860,000 38,170 1,861,155 84,000 TOTAL SOURCES 30,892,460 1,377,000 4,978,170 1,114,000 392,000 R:\City Clerk\TammyStuff\Excel\Budget FY2012 -2013\Ordinance GET34 FY2013 COURT DL E911 AWARDS SETELCOM FUND FUND F 11 12 13 SOURCES: CASH FROM FUND RESERVE 273,000 38,170 REVENUES.- EVENUES.PROPERTY PROPERTYTAXES LISC, PERMITS, OTHER TAXES 725,000 540,000 510,000 GRANTS, CONTRIBUTIONS 410,455 FINES & FORFEITURES 43,000 PROP RENTAL & SALES 405,800 CHARGES FOR SERVICES 27,320 INTEREST INCOME 2,500 850 RECREATION, OTHER FEES MISCELLANEOUS 0 TOTAL REVENUES 273,000 1,137,955 43,850 973,120 548,170 FUND TRANSFERS IN 521,280 1,861,155 1,411,680 TOTAL SOURCES 273,000 1,659,235 43,8501 2,834,2751,959,850 R:\City Clerk\TammyStuff\Excel\Budget FY2012 -2013\Ordinance FY2013 FLEET SOLID civic HEALTH MAINT AEPF/PFPF BOND WASTE CENTER RENTAL RADIO INS TRUST FUND FUND FUND FUND FUND FUND 42 50 62 63 64 SOURCES: 70 71 72 73 74) CASH FROM FUND RESERVE 250,000 508,595 10,025 REVENUES: CASH FROM FUND RESERVE 7,970 PROPERTY TAXES 23,200 90 553,845 52,000 LISC, PERMITS, OTHER TAXES PROPERTY TAXES GRANTS, CONTRIBUTIONS 25,700 LISC, PERMITS, FINES & FORFEITURES PROP RENTAL & SALES 36,500 32,000 136,000 118,520 CHARGES FOR SERVICES 4,312,000 INTEREST INCOME 32,000 FINES & FORFEITURES 4,500 RECREATION, OTHER FEES MISCELLANEOUS 2,800 833,040 8,000 459,290 0 CHARGES FOR SERVICES 375,000 TOTAL REVENUES 250,000 4,914,795 42,025 136,000 123,020 FUND TRANSFERS IN 25,400 35,000 170,000 201,650 0 RECREATION, OTHER FEES TOTAL SOURCES 250,000 4,914,795 77,025 306,000 123,020 FY2013 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 7,970 1,113,735 23,200 90 553,845 52,000 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES GRANTS, CONTRIBUTIONS FINES & FORFEITURES PROP RENTAL & SALES 2,800 833,040 8,000 459,290 0 CHARGES FOR SERVICES 375,000 922,505 3,533,600 INTEREST INCOME 25,400 201,650 0 RECREATION, OTHER FEES MISCELLANEOUS 250 50 0 TOTALREVENUES 386,020 1,972,175 945,705 3,533,600 8,090 1,214,835 52,000 FUND TRANSFERS IN 152,725 28,000 471,310 TOTAL SOURCES 538,745 1,972,175 973,705 3,533,600 8,090 1,686,145 52,000 RACity Clerk\TammyStuft\Excel\Budget FY2012 -2013\Ordinance SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2012-2013. FY2013 GENERAL FUND 01 MUNICIPAL AID PROGRAM FUND 03 INVESTMENT FUND 04 CDBG FUND 06 HOME FUND 08 APPROPRIATIONS: GENERAL GOVERNMENT 1,422,970 142,680 FINANCE 979,580 PRDA 123,725 425,000 INFORMATION SYSTEMS 739,170 PLANNING 747,000 1,114,000 392,000 POLICE 9,158,545 35,500 10,000 FIRE 7,488,630 ENG/PUBLIC WORKS 3,638,355 1,301,000 475,000 PARKS SERVICES 2,867,430 673,000 CABLE AUTHORITY 83,600 HUMAN RIGHTS 47,380 ENGINEERING 1,148,150 HUMAN RESOURCES 294,925 PRA 448,320 INVESTMENT FUND 1,087,700 DEBT SERVICE / E911 1,659,235 2,822,065 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV 76,000 8,350 12,210 FUND TRANSFERS OUT 1,704,680 3,890,470 1 38,170 TOTAL APPROPRIATIONS 30,892,460 1,377,000 4,978,170 1,114,000 392,000 FY2013 TELCOM 11 E911 FUND 12 COURT AWARDS FUND 13 GENERAL DL SEE F 30 CIP FUND 40 APPROPRIATIONS: GENERAL GOVERNMENT 142,680 FINANCE PRDA 425,000 INFORMATION SYSTEMS PLANNING 196,000 POLICE 35,500 10,000 FIRE ENG/PUBLIC WORKS 475,000 PARKS SERVICES 673,000 CABLE AUTHORITY HUMAN RIGHTS ENGINEERING HUMAN RESOURCES PRA INVESTMENT FUND DEBT SERVICE / E911 1,659,235 2,822,065 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV 8,350 12,210 FUND TRANSFERS OUT 273,000 1 38,170 TOTAL APPROPRIATIONS 273,000 1 1,659,235 43,850 1 2,834,275 1 1,959,850 RACity ClerffammyStuffiExcel\Budget FY2012 -2013\Ordinance FY2013 BOND FUND 42 SOLID WASTE FUND 50 civic CENTER FUND 62 RENTAL FUND 63 jFLTND APPROPRIATIONS.- PPROPRIATIONS:GENERAL PRA FUND (80 APPROPRIATIONS. GENERALGOVERNMENT GENERAL GOVERNMENT FINANCE 44,910 PRDA 1,972,175 INFORMATION SYSTEMS PRDA PLANNING INFORMATION SYSTEMS POLICE FIRE ENG/PUBLIC WORKS POLICE 197,610 PARKS SERVICES 77,025 FIRE CABLE AUTHORITY HUMAN RIGHTS 8,090 ENGINEERING PARKS SERVICES HUMAN RESOURCES CABLE AUTHORITY PRA INVESTMENT FUND DEBT SERVICE / E911 ENGINEERING SOLID WASTE OPERATION 4,674,795 HUMAN RESOURCES FLEET MAINTENANCE 973,705 3,533,600 PENSIONS CASH CARRY FORWRI?/RESRV INVESTMENT FUND 78,110 FUND TRANSFERS OUT z 250,000 240,000 108,390 TOTAL APPROPRIATIONS 250,000 4,914,795 77,025 306,000 123,020 FY2013 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 1,972,175 PRDA INFORMATION SYSTEMS PLANNING POLICE FIRE ENG/PUBLIC WORKS 8,090 PARKS SERVICES CABLE AUTHORITY HUMAN RIGHTS ENGINEERING HUMAN RESOURCES 973,705 3,533,600 PRA INVESTMENT FUND DEBT SERVICE / E911 SOLID WASTE OPERATION FLEET MAINTENANCE 538,745 PENSIONS 1,686,145 CASH CARRY FORWRD/RESRV FUND TRANSFERS OUT 52,000 TOTAL APPROPRIATIONS 538,745 1,972,175 973,705 1 3,533,600 1 8,090 1,686,145 52,000 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 8% of the General Fund's budgeted expenditures. The Investment Fund's minimum undesignated cash balance shall be 8% of the Investment 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, projects 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. 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. R:\City Clerk7ammyStufflExcel\Budget FY2012 -2013\Ordinance 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 $716.25 per month credit (for the months of July - December 2012) to be applied to the Comprehensive Health Insurance Benefit Plan (Cafeteria Plan) as directed by the employee. In January 2013, this monthly credit may be adjusted by the City Commission as they see fit. 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 related to: 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 daysand will become effective upon p ation in full pursuant to KRS Chapter 424. ATTEST: ��ii%rY1Qt�1�• ��1 Tammara S. Sanderson, City Clerk Introduced by the Board of Commissioners, June 12, 2012 Adopted by the Board of Commissioners, June 26, 2012 Recorded by Tammara S. Sanderson, City Clerk, June 26, 2012 Published by The Paducah Sun, Mayor R:\City Clerk\TammyStuf \Excel\Budget FY2012 -2013\Ordinance