HomeMy WebLinkAbout2007-6-7288C��
ORDINANCE NO. 2007-6-7288
COP�
AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1,
2007, THROUGH JUNE 30, 2008, 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 2007-2008.
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299
MUNICIPAL
FY2008
FY2008
AID
COURT
GENERAL
SMALL
PROGRAM
INVESTMENT
CDBG
E911
FUND
GRANTS
FUND
FUND
FUND
TELCOM
(01)
(02
03
04
06)
SOURCES.
(11)
(12)
(13)
14
SOURCES.
CASH FROM FUND RESERVE
(250,000)
REVENUES:
176,000
62,560
PROPERTY TAXES
5,356,000
LISC, PERMITS,
PROPERTY TAXES
OTHER TAXES
21,511,515
600,000
4,125,000
GRANTS, CONTRIBUTIONS
842,915
OTHER TAXES
100,000
FINES & FORFEITURES
117,500
705,000
GRANTS, CONTRIBUTIONS
PROP RENTAL & SALES
396,400
54,180
240,265
38,110
CHARGES FOR SERVICES
659,895
34,000
INTEREST INCOME
455,000
7,000
RECREATION, OTHER FEES
150,000
CHARGES FOR SERVICES
136,155
MISCELLANEOUS
50,000
INTEREST INCOME
8,000
8,000
RECREATION, OTHER FEES
TOTAL REVENUES
29,539,225
607,000
4,125,000
100,000
FUND TRANSFERS IN
76,240
5,000
500,000
5,450
TOTAL SOURCES
29,615,465
5,000
1,107,000
3,875,000
100,000
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HUD
FY2008
HUD
COURT
POLICE
HOME
REVOLVING
E911
AWARDS
GRANT
FUND
FUND
TELCOM
FUND
FUND
FUND
(08)
09
(11)
(12)
(13)
14
SOURCES.
CASH FROM FUND RESERVE
176,000
62,560
REVENUES:
PROPERTY TAXES
LISC, PERMITS,
OTHER TAXES
705,000
GRANTS, CONTRIBUTIONS
200,000
54,180
240,265
38,110
FINES & FORFEITURES
34,000
PROP RENTAL & SALES
CHARGES FOR SERVICES
136,155
INTEREST INCOME
8,000
8,000
RECREATION, OTHER FEES
MISCELLANEOUS
5,450
TOTAL REVENUES
200,000
190,335
958,715
42,000
38,110
FUND TRANSFERS IN
100,000
107,060
300,000
TOTAL SOURCES
200,000
100,000
1 297,395
1 1,434,715
104,560
38,110
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300
C(Dpy
FY2008
GENERAL
DEBT
FLEETHEALTH
SOLID
CIVIC
MAINT
AEPF/PFPF
SERVICE
CIP
WASTE
CENTER
RENTAL
RADIO
FUND
FUND
FUND
FUND
FUND
FUND
30
40
50
62
63
(64
SOURCES:
CASH FROM FUND RESERVE
28,390
404,740
1,118,560
11,500
1,476,985
REVENUES:
PROPERTY TAXES
LISC, PERMITS,
OTHER TAXES
530,000
GRANTS, CONTRIBUTIONS
FINES & FORFEITURES
PROP RENTAL & SALES
338,160
787,540
20,000
30,000
137,395
120,850
CHARGES FOR SERVICES
119,920
3,731,500
3,833,520
25,950
INTEREST INCOME
112,000
80,000
19,000
RECREATION, OTHER FEES
MISCELLANEOUS
49,000
TOTAL REVENUES
988,080
899,540
3,880,500
30,000
137,395
139,850
FUND TRANSFERS IN
1,054,150
2,161,380
44,215
34,000
TOTAL SOURCES
1 2,042,230
1 2,161,3801
4,999,060
1 85,7151
137,395
1 139,850
FY2008
FLEET
FLEETHEALTH
MAINT
AEPF/PFPF
SERVICE
TRUST
INSUR
INS TRUST
TRUST
PENSION
FUND
FUND
FUND
FUND
FUND
FUND
70
71
72
73
74
76 & 77
SOURCES:
CASH FROM FUND RESERVE
28,390
404,740
1,476,985
REVENUES:
PROPERTY TAXES
LISC, PERMITS,
OTHER TAXES
GRANTS, CONTRIBUTIONS
FINES & FORFEITURES
PROP RENTAL &SALES
787,540
8,000
150,000
CHARGES FOR SERVICES
553,000
1,209,000
3,833,520
25,950
INTEREST INCOME
112,000
264,600
RECREATION, OTHER FEES
MISCELLANEOUS
TOTAL REVENUES
553,000
899,540
1,209,000
3,833,520
8,000
440,550
FUND TRANSFERS IN
34,000
TOTAL SOURCES
581,390
1,304,280
1,209,000
3,833,520
8,000
1,951,535
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SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2007-2008.
FY2008
GENERAL
FUND
01
SMALL
GRANTS
(02)
MUNICIPAL
AID
PROGRAM
FUND
(03
INVESTMENT
FUND
(04)
CDBG
FUND
06
APPROPRIATIONS:
APPROPRIATIONS:
GENERAL GOVERNMENT
1,400,460
GENERAL GOVERNMENT
FINANCE
989,110
FINANCE
INFORMATION SYSTEMS
351,470
INFORMATION SYSTEMS
INSPECTIONS
1,091,265
INSPECTIONS
PLANNING
896,705
5,000
100,000
POLICE
8,479,455
100,000
FIRE
6,181,570
PUBLIC WORKS
5,783,375
FIRE
PARKS SERVICES
1,295,605
PUBLIC WORKS
CABLE AUTHORITY
95,550
PARKS SERVICES
HUMAN RIGHTS
107,825
CABLE AUTHORITY
HUMAN RESOURCES
324,805
ENGINEERING
1,177,590
1,107,000
RISK MANAGEMENT
131,875
INVESTMENT FUND
ENGINEERING
3,875,000
DEBT SERVICE / E911
RISK MANAGEMENT
SOLID WASTE OPERATION
INVESTMENT FUND
FLEET MAINTENANCE
DEBT SERVICE / E911
PENSIONS
1,434,715
CASH CARRY FORWRD/RESRV
FUND TRANSFERS OUT
1,308,805
PENSIONS
TOTAL APPROPRIATIONS
29,615,465
5,000
1 1,107,000
3,875,000
100,000
FY2008
HOME
FUND
08
HUD
REVOLVING
FUND
09
TELCOM
11
E911
FUND
12
COURT
AWARDS
FUND
13)
HUD
POLICE
GRANT
FUND
14)
APPROPRIATIONS:
GENERAL GOVERNMENT
FINANCE
INFORMATION SYSTEMS
274,485
INSPECTIONS
PLANNING
200,000
100,000
POLICE
104,560
38,110
FIRE
PUBLIC WORKS
PARKS SERVICES
CABLE AUTHORITY
HUMAN RIGHTS
HUMAN RESOURCES
ENGINEERING
RISK MANAGEMENT
INVESTMENT FUND
DEBT SERVICE / E911
1,434,715
SOLID WASTE OPERATION
FLEET MAINTENANCE
PENSIONS
CASH CARRY FORWRD/RESRV
22,910
FUND TRANSFERS OUT
TOTAL APPROPRIATIONS
200,000
100,000
297,395
1,434,715
104,560
38,110
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yl
FY2008
"
GENERAL
DEBT
SERVICE
FUND
30
CIP
FUND
40)
SOLID
WASTE
FUND
50
CIVIC
CENTER
FUND
62
RENTAL
FUND
63
RADIO
FUND
64
APPROPRIATIONS.
GENERAL GOVERNMENT
20,000
FINANCE
1,200,800
3,833,520
82,625
INFORMATION SYSTEMS
INSPECTIONS
PLANNING
628,450
POLICE
FIRE
PUBLIC WORKS
864,750
137,395
PARKS SERVICES
85,715
CABLE AUTHORITY
HUMAN RIGHTS
HUMAN RESOURCES
ENGINEERING
648,180
RISK MANAGEMENT
INVESTMENT FUND
DEBT SERVICE / E911
2,042,230
SOLID WASTE OPERATION
4,999,060
FLEET MAINTENANCE
581,390
1,304,280
PENSIONS
1,951,535
CASH CARRY FORWRD/RESRV
8,200
57,225
FUND TRANSFERS OUT
TOTAL APPROPRIATIONS
2,042,230
1 2,161,380
4,999,060
1 85,715
1 137,395
139,850
FY2008
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
APPROPRIATIONS.
GENERAL GOVERNMENT
FINANCE
1,200,800
3,833,520
INFORMATION SYSTEMS
INSPECTIONS
PLANNING
POLICE
FIRE
PUBLIC WORKS
8,000
PARKS SERVICES
CABLE AUTHORITY
HUMAN RIGHTS
HUMAN RESOURCES
ENGINEERING
RISK MANAGEMENT
INVESTMENT FUND
DEBT SERVICE / E911
SOLID WASTE OPERATION
FLEET MAINTENANCE
581,390
1,304,280
PENSIONS
1,951,535
CASH CARRY FORWRD/RESRV
8,200
FUND TRANSFERS OUT
TOTAL APPROPRIATIONS
581,390
1,304,280
1 1,209,000
1 3,833,520
1 8,000
1,951,535
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.
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303
SECTION 4. The City does hereby adopt the following financial management policies:
A. The General Fund's minimum undesignated cash balance shall be 8.0% 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 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.
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 make annual progress toward the goal of achieving fully funded status for the Appointive Employees Pension Fund
(AEPF) 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 and
putting the fund on a sound financial footing with no unfunded obligation.
J. The City will provide to all eligible employees a $641 per month credit (for the months of July - December 2007) to be applied to
the Comprehensive Health Insurance Benefit Plan (Cafeteria Plan) as directed by the employee. The monthly credit will be adjusted 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 October 2007 for the months of January - June 2008.
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
Chapter 424.
ATTEST:
Tammara Brock, City Clerk
Introduced by the Board of Commissioners, June 12, 2007
Adopted by the Board of Commissioners, June 26, 2007
Recorded by Tammara Brock, City Clerk, June 26, 2007
Published by The Paducah Sun, July 2, 2007
excel/Budget FY2008
upon publication in full pursuant to KRS
Mayor
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