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Home My WebLink About2007-10-7352ORDINANCE NO. 2007-10-7352 (C(op 7 AN ORDINANCE AMENDING ORDINANCE NO. 2007-6-7288 ENTITLED, "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. MUNICIPAL WHEREAS, the City adopted its's annual budget by Ordinance No. 2007-6-7288 on June 26, 2007; and FY2008 WHEREAS, the City desires to amend the budget to appropriate $2.1 million from unappropriated General Fund fund balance to the Commission Contingency account and appropriates those funds for the following project/activities: AID Loan to GPEDC $600,000 Soccer Support $12,500 Commission Contingency (reserve for future $478,600 Skate Park Landscaping $20,000 Downtown Development Cost Center $90,000 Replace Picnic Tables & Park $28,000 Airport Operating Subsidy $163,000 Building Improvements -Parks . $39,600 Floodwall Slip Line Engineering $66,200 Civic Center Sewer Repairs -Parks $16,000 Merryman House Cul -de -Sac $80,000 Equipment for Program -Parks $5,500 Station #5 Roof Replacement $49,000 Snow Fighting Equipment $40,000 Fire Station Repairs $21,200 Mini -Sweeper $85,000 Replacement of Kitchen Cabinets -Fire Dept. $12,600 Bobcat w/Attachments-Public $29,000 Knox Box Key Security System -Fire Dept. $9,000 Misc. Equipment -Public Works $9,000 3/4 Ton Pickup -Fire Dept. $22,000 3 Mules/Gators-Public Works $36,000 Arts Economic Analysis $12,500 Commerce Center HVAC $13,000 Lighting Trees in Broadway Planting Beds $50,000 Copiers $50,000 Shelter Repairs $15,000 Computer Hardware $47,300 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. FY2008 HOME FUND (08) HUD REVOLVING FUND (09) MUNICIPAL E911 FUND (12) COURT AWARDS FUND (13) FY2008 SOURCES.- OURCES.CASH AID GENERAL SMALL PROGRAM INVESTMENT CDBG 176,000 FUND GRANTS FUND FUND FUND (01) (02) (03) (04) (06) SOURCES: LISC, PERMITS, CASH FROM FUND RESERVE (250,000) REVENUES: 705,000 PROPERTY TAXES 5,356,000 200,000 54,180 240,265 LISC, PERMITS, 38,110 FINES & FORFEITURES OTHER TAXES 21,511,515 600,000 4,125,000 GRANTS, CONTRIBUTIONS 842,915 100,000 FINES & FORFEITURES 117,500 PROP RENTAL & SALES 396,400 CHARGES FOR SERVICES 659,895 INTEREST INCOME 455,000 7,000 RECREATION, OTHER FEES 150,000 MISCELLANEOUS 50,000 TOTAL REVENUES 29,539,225 607,000 4,125,000 100,000 FUND TRANSFERS IN 76,240 5,000 500,000 TOTAL SOURCES 1 29,615,465 5,000 1,107,000 1 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) SOURCES.- OURCES.CASH CASHFROM 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 S:\Jon\Excel\Budget FY2008\Budget FY2008-amend MidYear Appropriations -Comm Con\Ordinance 424 425 'COP 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 1 200,000 1 100,000 1 297,395 1 1,434,715 1 104,560 1 38,110 FY2008 GENERAL FLEET MUNICIPAL HEALTH MAINT AEPF/PFPF FY2008 DEBT TRUST SOLID CIVIC TRUST PENSION SMALL SERVICE CIP WASTE CENTER RENTAL RADIO FUND FUND FUND FUND FUND FUND FUND SOURCES: (30) (40) (50) (62) (63) (64) SOURCES: 28,390 404,740 1,476,985 CASH FROM FUND RESERVE GENERAL GOVERNMENT 1,118,560 11,500 FINANCE REVENUES: INFORMATION SYSTEMS 351,470 PROPERTY TAXES INSPECTIONS 1,091,26§:\ on\Excel\Budget LISC, PERMITS, Y2008 -amend Mi YearAppro OTHER TAXES 530,000 GRANTS, CONTRIBUTIONS FINES & FORFEITURES 787,540 8,000 150,000 PROP RENTAL & SALES 338,160 20,000 30,000 137,395 120,850 CHARGES FOR SERVICES 119,920 112,000 3,731,500 264,600 INTEREST INCOME 80,000 19,000 RECREATION, OTHER FEES MISCELLANEOUS 49,000 TOTAL REVENUES 553,000 899,540 1,209,000 3,833,520 8,000 440,550 TOTAL REVENUES 988,080 3,880,500 30,000 137,395 139,850 FUND TRANSFERS IN 1,054,150 2,161,380 44,215 TOTAL SOURCES 1 581,390 1,304,280 1 1,209,000 1 3,833,520 1 8,0001 1,951,535 TOTAL SOURCES 1 2,042,230 1 2,161,380 1 4,999,060 1 85,715 1 137,395 1 139,850 FY2008 FLEET FLEET MUNICIPAL HEALTH MAINT AEPF/PFPF SERVICE TRUST INSUR INS TRUST TRUST PENSION SMALL FUND FUND FUND FUND FUND FUND FUND (70) (71) 72) (73) (74) (76) & (77) SOURCES: (06) APPROPRIATIONS: CASH FROM FUND RESERVE 28,390 404,740 1,476,985 REVENUES: GENERAL GOVERNMENT FINANCE PROPERTY TAXES INFORMATION SYSTEMS 351,470 LISC, PERMITS, INSPECTIONS 1,091,26§:\ on\Excel\Budget OTHER TAXES Y2008 -amend Mi YearAppro 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 1 581,390 1,304,280 1 1,209,000 1 3,833,520 1 8,0001 1,951,535 SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2007-2008. dations -Comm Con\Ordinance MUNICIPAL FY2008 AID GENERAL SMALL PROGRAM INVESTMENT CDBG FUND GRANTS FUND FUND FUND (01) (02) (03) (04) (06) APPROPRIATIONS: 3,500,460 1,400160 GENERAL GOVERNMENT FINANCE 989,110 INFORMATION SYSTEMS 351,470 INSPECTIONS 1,091,26§:\ on\Excel\Budget FY2008\Budget Y2008 -amend Mi YearAppro dations -Comm Con\Ordinance PLANNING 896,705 POLICE 8,479,455 FIRE 6,181,570 PUBLIC WORKS 5,783,375 PARKS SERVICES 1,295,605 CABLE AUTHORITY 95,550 HUMAN RIGHTS 107,825 HUMAN RESOURCES 324,805 ENGINEERING 1,177,590 RISK MANAGEMENT 131,875 INVESTMENT FUND FINANCE DEBT SERVICE / E911 SOLID WASTE OPERATION FLEET MAINTENANCE 82,625 PENSIONS CASH CARRY FORWRD/RESRV 274,485 FUND TRANSFERS OUT 1,308,805 31,715,465 TOTAL APPROPRIATIONS 5,000 1,107,000 1,107 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 20,000 FINANCE 82,625 INFORMATION SYSTEMS 274,485 INSPECTIONS PLANNING 200,000 100,000 POLICE 104,560 38,110 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 1,434,715 SOLID WASTE OPERATION 4,999,060 FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV 22,910 57,225 FUND TRANSFERS OUT TOTAL APPROPRIATIONS 200,000 100,000 297,395 1,434,715 104,560 38,110 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 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 PENSIONS CASH CARRY FORWRD/RESRV 57,225 FUND TRANSFERS OUT TOTAL APPROPRIATIONS 2,042,23. 7 Con\Ordinance 426 427 0 EPF/PFPF P-0 FY2008 FLEET SERVICE FUND (70) FLEET TRUST FUND 71) INSUR FUND (72) HEALTH INS TRUST FUND (73) MAINT TRUST FUND (74) A 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 1,209,000 3,833,520 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. 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. 1 I. The City will make annual progress toward the goal of achieving fully funded status for the Appointive Employees Pension Fund l (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. S:\Jon\Excel\Budget FY2008\Budget FY2008-amend MidYear Appropriations -Comm Con\Ordinance �1 C(OPY 428 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 becomeAffective upon publication in full pursuant to KRS Chapter 424. F-.1 LIU ` Mayor ,"4d-/Au-ek Tammara S. Brock, City Clerk Introduced by the Board of Commissioners, October 9, 2007 Adopted by the Board of Commissioners, October 23, 2007 Recorded by Tammara Brock, City Clerk, October 23, 2007 Published by The Paducah Sun, October 29, 2007 excel/Budget FY2008-amend MidYear Appropriations -Comm Con S:\Jon\Excel\Budget FY2008\Budget FY2008-amend MidYear Appropriations -Comm Con\Ordinance