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Home My WebLink About2007-1-7230ORDINANCE NO. 2007-1-7230 C(D#Dy AN ORDINANCE AMENDING ORDINANCE NO. 2005-6-6988 ENTITLED, AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2005, THROUGH JUNE 30, 2006, BY ESTIMATING REVENUES AND RESOURCES AND APPROPRIATING FUNDS FOR THE OPERATION OF CITY GOVERNMENT. WHEREAS, pursuant to KRS 91A.030 the City of Paducah adopted its annual budget for FY2005-2006 by Ordinance No. 2005• 6-6988-1 and WHEREAS, the City adopted Ordinance Nos. 2006-1-7069, 2006-3-7085, and 2006-3-7086 amending said budget; and WHEREAS, the City desires to adopt final modifications to the budget for FY2005-2006. BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. The following estimate of revenues and resources is adopted as the final City of Paducah, Kentucky Revenue Budget for Fiscal Year 2005-2006, and is amended as follows: FY2006 HOME FUND 08 HUD REVOLVING FUND 09 MUNICIPAL E911 FUND 12 COURT AWARDS FUND 13 HUD POLICE GRANT FUND 14 FY2006 AID CASH FROM FUND RESERVE GENERAL SMALL PROGRAM INVESTMENT CDBG HOPE REVENUES.- EVENUES:PROPERTY FUND GRANTS FUND FUND FUND FUND PROPERTYTAXES 01 02 03 04 06 07 SOURCES: CASH FROM FUND RESERVE 1390003 10,340 391,810 730,000 I90000 749,800 3,365 REVENUES.- EVENUES:PROPERTY 14,920 57,895 22-9,443 31,060 PROPERTYTAXES 5448589 216,990 34,610 FINES & FORFEITURES 5,575,720 30,000 LISC, PERMITS, 50,710 OTHER TAXES i 9§09190 4,380 755938 1896899 CHARGES FOR SERVICES 20,599,975 608,375 2,832,600 GRANTS, CONTRIBUTIONS 831293 149,405 4399 12309 799,295 9,800 19,500 FINES & FORFEITURES 57500 121,350 PROP RENTAL & SALES 357100 366,600 CHARGES FOR SERVICES 56-309 601,495 INTEREST INCOME X0009 9898 346,000 17,500 RECREATION, OTHER FEES 161300 MISCE r nwM 189,500 2500000 BOND PROCEEDS 6,100,000 34,699,935 149,405 625,875 2,832,600 19,500 TOTAL REVENUES 26761795 764930 1896000 X588 69,560 1,632,230 FUND TRANSFERS IN 60430 24,440 450,000 4202220 34,769,495 1,467,685 4,464,830 19,500 3,365 I M494-7WI 184,185 1 4606-7401 48304601 125001 190909 TOTAL SOURCES FY2006 HOME FUND 08 HUD REVOLVING FUND 09 TELCOM 11 E911 FUND 12 COURT AWARDS FUND 13 HUD POLICE GRANT FUND 14 SOURCES: CASH FROM FUND RESERVE 22,385 6 -,WO 11,60 REVENUES.- EVENUES:PROPERTY PROPERTYTAXES LISC, PERMITS, OTHER TAXES 730,000 749,800 GRANTS, CONTRIBUTIONS 14,920 57,895 22-9,443 31,060 216,990 34,610 FINES & FORFEITURES 30,000 50,710 PROP RENTAL & SALES 4,380 CHARGES FOR SERVICES 104,210 INTEREST INCOME 8,560 4399 2-,609 9,800 7,580 RECREATION, OTHER FEES F:\Jon\Excel\Budget FY2005\Budget 2005-2006 final\Ordinance 194 195 MISCELLANEOUS 10,000 976,590 TOTAL REVENUES 14,920 22,940 162,105 980,-945 32,600 34,06- 135,000 332,380 58,290 34,610 FUND TRANSFERS IN 10,665 73,000 96,945 384360 157,940 1,308,970 58,290 34,610 TOTAL SOURCES 47,970 84;898 259,050 4-, '°3303 44,-960, 31.069 FY2006 GENERAL FLEET TRUST FUND 71 INSUR FUND 7276 =TRUSTTRUST AEPF/PFPF PENSION FUND & 77 FY2006 DEBT CIP SOLID RENT & CASH FROM FUND RESERVE SERVICE CIP CONV/FRC WASTE EFUND RADIO FUND FUND FUND FUND FUNDS REVENUES: 30 40 42 50 63 & 64 SOURCES: CASH FROM FUND RESERVE 888,985 989;919 520 OTHER TAXES 571,230 REVENUES: PROPERTY TAXES LISC, PERMITS, 73,479 8,000 75,000 OTHER TAXES 474,000 684,410 CHARGES FOR SERVICES 484,680 ',"6174;705 33634,088 131,790 GRANTS, CONTRIBUTIONS 357,725 1,691,825 21,765 3,653,330 FINES & FORFEITURES 23,900 105,150 PROP RENTAL & SALES 45,600 4 800 35,000 225,030 RECREATION, OTHER FEES 60,680 CHARGES FOR SERVICES 334,279 3,548;998 317,130 730,010 1,228,055 3,547,000 317,910 INTEREST INCOME 340,425 j 748,470 j 1,174,705705 42,500 300 3,909 77,500 12,610 RECREATION, OTHER FEES 38,500 MISCELLANEOUS 41-500 801,810 3,723,680 237,640 TOTAL REVENUES 798,270 1,691,825 21,765 3,583;080 35,300 230,038 764,325 2,725,135 FUND TRANSFERS IN 965,245 ' ,^'z-� , 6,405 1,566,135 5,305,945 237,640 TOTAL SOURCES' 'z �3,�n ' ^�4-,2-58 28,170 4,494,910 35,820 X38938 FY2006 FLEET SERVICE FUND 70 FLEET TRUST FUND 71 INSUR FUND 7276 =TRUSTTRUST AEPF/PFPF PENSION FUND & 77 SOURCES: CASH FROM FUND RESERVE 3-50 1,518,075 1,475,470 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES GRANTS, CONTRIBUTIONS FINES & FORFEITURES PROP RENTAL & SALES 73,479 8,000 75,000 684,410 CHARGES FOR SERVICES 340,425 ',"6174;705 33634,088 131,790 357,725 1,228,055 3,653,330 INTEREST INCOME 23,900 105,150 45,600 111,120 RECREATION, OTHER FEES MISCELLANEOUS 357,725 730,010 1,228,055 3,653,330 317,910 TOTAL REVENUES 340,425 j 748,470 j 1,174,705705 j 3,634,880 8,000 j 311,920 F:\Jon\Excel\Budget FY2005\Budget 2005-2006 final\Ordinance (C-) OP 244,000 6,075,290 TRANSFERS IN 182,700 324;600 1 X4-35 540,425 974,010 1,228,055 3,653,330 1 7,868,670 AL SOURCES SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2005-2006 and are amended as follows: FY2006 GENERAL FUND 01 SMALL GRANTS 02 MUNICIPAL AID PROGRAM FUND 03 INVESTMENT FUND 04 CDBG FUND 06 HOPE FUND 07 APPROPRIATIONS: GENERAL GOVERNMENT '' ^5, 450 149,950 FINANCE 1,684,720 FINANCE 897,740 229,230 INSPECTIONS 799,710 INFORMATION SYSTEMS 265,489 81,000 222,465 130,805 INSPECTIONS 804,209 43,960 31,060 833,410 33,350 34,610 PLANNING 820,285 25,100 12,500 100,000 770,570 3,365 POLICE ,x'85 7,581,285 7,300,220 FIRE c (Vl� 708,530 5,833,590 PUBLIC WORKS 5,169,095 5,013,440 PARKS SERVICES 1,105,550 T 1,044,525 CABLE AUTHORITY 92,810 63,790 HUMAN RIGHTS 85,390 85,225 HUMAN RESOURCES 399,449 270,470 ENGINEERING 1,108 889 764,930 939,950 1,467,685 RISK MANAGEMENT 105,660 109,985 INVESTMENT FUND 867,000 473,000 DEBT SERVICE / E911 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV 738,715 450,009 719,730 7,000 9,058,710 3,272,100 FUND TRANSFERS OUT ',''�5 9,135 "'�0 34,769,495 184,185 1,467,685 4,464,830 19,500 3,365 TOTAL APPROPRIATIONS 24,44-2, 9 6 ' � , 1,49&,--N 9&,--N i nn 100.000 FY2006 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 229,230 INSPECTIONS PLANNING 27,570 81,000 130,805 POLICE 43,960 31,060 33,350 34,610 F:\Jon\Excel\Budget FY2005\Budget 2005-2006 final\Ordinance 196 y � � — I. Aun�ss.�>s LCL "i:�, . 197 ( J d FY2006 GENERAL DEBT SERVICE FUND 30 CIP FUND 40 CIP CONV/FRC FUND 42 SOLID WASTE FUND 50 [FUN:D RENT & RADIO FUNDS 63 & 64 FIRE PUBLIC WORKS 19,365 PARKS SERVICES 88,g8s CABLE AUTHORITY 68,885 HUMAN RIGHTS HUMAN RESOURCES 35,560 ENGINEERING 256,250 RISK MANAGEMENT 668,950 INVESTMENT FUND 30,900 DEBT SERVICE / E911 202,605 1,285,505 FIRE 54,490 1,166,765 SOLID WASTE OPERATION 3000 FLEET MAINTENANCE 688,195 PENSIONS 35,820 CASH CARRY FORWRD/RESRV 16,470 29,820 142,205 24,940 FUND TRANSFERS OUT 20,400 10,665 HUMAN RESOURCES 157,940 72,365 1,308,970 58,290 34,610 TOTAL APPROPRIATIONS 47,970 81;000 259,050 '1Q�05 43 0 3X060 3,248,760 FY2006 GENERAL DEBT SERVICE FUND 30 CIP FUND 40 CIP CONV/FRC FUND 42 SOLID WASTE FUND 50 [FUN:D RENT & RADIO FUNDS 63 & 64 APPROPRIATIONS. GENERAL GOVERNMENT 19,365 FINANCE 88,g8s 68,885 INFORMATION SYSTEMS INSPECTIONS 35,560 PLANNING 256,250 668,950 POLICE 30,900 202,605 FIRE 54,490 PUBLIC WORKS 3000 688,195 PARKS SERVICES 35,820 CABLE AUTHORITY HUMAN RIGHTS HUMAN RESOURCES 72,365 ENGINEERING 643,000 12,810 3,248,760 RISK MANAGEMENT INVESTMENT FUND DEBT SERVICE / E911 1,763,515 1,543,585 SOLID WASTE OPERATION 4,^(1� ,910 4,294,910 FLEET MAINTENANCE F:\Jon\Excel\Budget FY2005\Budget 2005-2006 final\Ordinance C(D PC 198 PENSIONS 108,325 CASH CARRY FORWRD/RESRV 22,550 13,380 81,215 60,430 FUND TRANSFERS OUT 315,655 1,980 60430 1,566,135 5,305,945 4,294,910 237,640 TOTAL APPROPRIATIONS 1,763,515 1,464 28,170 4,494,910 35,820 230,030 FY2006 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,"z�5 3,634,080 8,000 1,218,145 INFORMATION SYSTEMS INSPECTIONS PLANNING POLICE FIRE PUBLIC WORKS PARKS SERVICES CABLE AUTHORITY HUMAN RIGHTS HUMAN RESOURCES ENGINEERING RISK MANAGEMENT INVESTMENT FUND DEBT SERVICE / E911 SOLID WASTE OPERATION FLEET MAINTENANCE 538,925 929,580 831,120 PENSIONS ' ,°'�i0 1,904,815 CASH CARRY FORWRD/RESRV 1,500 142,890 9,910 19,250 4�0 5,963,855 FUND TRANSFERS OUT 974,010 1,228,055 3,653,330 7,868,670 TOTAL APPROPRIATIONS 540,425 4-, , ' ," , 1163410W 8,000 ' ,�^� 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. SECTION 4. The City does hereby adopt the following financial management policies: A. The General Fund's minimum undesignated fund balance shall be 8.0% of the General Fund's budgeted expenditures. The Solid Waste Fund's minimum unreserved cash balance shall be 12:5% 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; however, any transfers of funds, appropriated in Section 2, between departments must be approved by City Commission. C. Funds designated as Commission contingency shall be obligated only upon approval by the City Commission by municipal order. F:\Jon\Excel\Budget FY2005\Budget 2005-2006 final\Ordinance 199 ply D. Funds designated as Administrative contingency shall be obligated at the discretion of the City Manager, however, the Commission shall be notified seven 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. 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) and the Police and Firemen's Pension Fund (PFPF) through sound financial management and/or annual General Fund transfers as designated in the budget document. ■._ . SA -nM IN. - 01, ■. • M Mngarn=.._ J. The City will provide to all eligible employees a $605.25 per month credit (for the months of July - December 2005) to be applied to the Comprehensive Health Insurance Benefit Plan (Cafeteria Plan) as directed by the employee. The monthly credit will be $632 for the months of January- June 2006. 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 Cormnission 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. Mayor ATTEST: Tammara Brock, City Clerk Introduced by the Board of Commissioners, January 9, 2007 Adopted by the Board of Commissioners, January 23, 2007 Recorded by Tammara Brock, City Clerk, January 23, 2007 Published by The Paducah Sun, January 30, 2007 budget 2005-2006 final upon publication in full pursuant to KRS F:\Jon\Excel\Budget FY2005\Budget 2005-2006 final\Ordinance