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Home My WebLink About2005-6-6988ORDINANCE NO. 2005-6-6988 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, 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 2005-2006. F:\Jon\Excel\Budget FY2005\Budget 2005-2006 June 28, 05\Ordinance 441 MUNICIPAL HUD FY2006 HUD AID COURT POLICE GENERAL SMALL PROGRAM INVESTMENT CDBG HOPE FUND GRANTS FUND FUND FUND FUND 01 02) (03) 04) 06 07 SOURCES: CASH FROM FUND RESERVE 1,590,005 6,000 11,360 100,000 REVENUES: PROPERTY TAXES 5,148,500 LISC, PERMITS, OTHER TAXES 19,509,100 755,930 1,896,000 GRANTS, CONTRIBUTIONS 831,795 57,895 229,445 12,500 31,060 FINES & FORFEITURES 57,500 30,000 PROP RENTAL & SALES 357,100 CHARGES FOR SERVICES 561,300 104,210 INTEREST INCOME 110,000 9,000 1,500 2,600 RECREATION, OTHER FEES 161,500 MISCELLANEOUS 25,000 TOTAL REVENUES 26,761,795 764,930 1,896,000 12,500 31,060 FUND TRANSFERS IN 60,430 75,000 450,000 1,302,230 TOTAL SOURCES 28,412,230 81,000 1,214,930 1 3,198,230 1 100,000 F:\Jon\Excel\Budget FY2005\Budget 2005-2006 June 28, 05\Ordinance 441 HUD FY2006 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 6,000 11,360 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES 750,000 GRANTS, CONTRIBUTIONS 57,895 229,445 31,060 FINES & FORFEITURES 30,000 PROP RENTAL & SALES CHARGES FOR SERVICES 104,210 INTEREST INCOME 1,500 2,600 RECREATION, OTHER FEES MISCELLANEOUS TOTAL REVENUES 162,105 980,945 329600 31,060 FUND TRANSFERS IN 75,000 96,945 304,560 TOTAL SOURCES 81,000 259,050 1,285,505 43,960 31,060 F:\Jon\Excel\Budget FY2005\Budget 2005-2006 June 28, 05\Ordinance 441 442 �Oo py FY2006 GENERAL FLEET HEALTH MAINT AEPF/PFPF FY2006 DEBT TRUST CIP SOLID CIVIC RENT & SERVICE CIP CONV/FRC WASTE CENTER RADIO FUND FUND FUND FUND FUND FUNDS SOURCES: 30 40 42 50 62 63 & (64 SOURCES: 550 1,518,075 CASH FROM FUND RESERVE 909,910 520 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES 474,000 GRANTS, CONTRIBUTIONS FINES & FORFEITURES 723,470 8,000 75,000 PROP RENTAL & SALES 540,425 1,174,705 1,000 35,000 225,030 CHARGES FOR SERVICES 324,270 25,000 3,540,000 105,150 INTEREST INCOME 42,500 300 5,000 RECREATION, OTHER FEES MISCELLANEOUS 748,470 1,174,705 3,634,080 1,500 311,920 TOTAL REVENUES FUND TRANSFERS IN 324,000 TOTAL REVENUES 798,270 3,585,000 35,300 230,030 FUND TRANSFERS IN 965,245 1,464,250 1,175,255 3,634,080 8,000 1,941,430 1,763,515 1 1,464,250 1 4,494,910 1 35,820 230,030 TOTAL SOURCES FY2006 FLEET FLEET HEALTH 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 550 1,518,075 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES GRANTS, CONTRIBUTIONS FINES & FORFEITURES PROP RENTAL & SALES 723,470 8,000 75,000 CHARGES FOR SERVICES 540,425 1,174,705 3,634,080 131,770 INTEREST INCOME 25,000 105,150 RECREATION, OTHER FEES MISCELLANEOUS 540,425 748,470 1,174,705 3,634,080 8,000 311,920 TOTAL REVENUES FUND TRANSFERS IN 324,000 111,435 TOTAL SOURCES 540,425 1,072,470 1,175,255 3,634,080 8,000 1,941,430 F:\Jon\Excel\Budget FY2005\Budget 2005-2006 June 28, 05\Ordinance �f 443 SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2005-2006. FY2006 GENERAL FUND 01 SMALL GRANTS 02) MUNICIPAL AID PROGRAM FUND (03) INVESTMENT FUND 04 CDBG FUND (06) HOPE FUND (07) APPROPRIATIONS.- PPROPRIATIONS:GENERAL GENERALGOVERNMENT 1,455,450 FINANCE 837,740 INFORMATION SYSTEMS 265,480 229,230 INSPECTIONS 804,200 12,500 100,000 PLANNING 820,285 81,000 43,960 31,060 POLICE 7,581,285 FIRE 5,908,530 PUBLIC WORKS 5,169,095 PARKS SERVICES 1,105,550 CABLE AUTHORITY 92,810 HUMAN RIGHTS 85,390 HUMAN RESOURCES 309,440 ENGINEERING 1,108,880 764,930 RISK MANAGEMENT 105,660 INVESTMENT FUND 867,000 DEBT SERVICE / E911 1,285,505 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV 450,000 FUND TRANSFERS OUT 2,762,435 2,331,230 TOTAL APPROPRIATIONS 28,412,230 0 1,214,930 3,198,230 12,500 100,000 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 81,000 43,960 31,060 POLICE FIRE PUBLIC WORKS PARKS SERVICES CABLE AUTHORITY HUMAN RIGHTS HUMAN RESOURCES ENGINEERING RISK MANAGEMENT INVESTMENT FUND DEBT SERVICE / E911 1,285,505 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV 29,820 FUND TRANSFERS OUT TOTAL APPROPRIATIONS 81,000 259,050 1,285,505 43,960 31,060 F:\Jon\Excel\Budget FY2005\Budget 2005-2006 June 28, 05\Ordinance — ��+m^°^m,•p••••,•��—•••••uc�::miuw�i�::�ete�tr._v. ��Iec��r:veYL�eilvxe�-ulwJnm9 444 C(Oply FY2006 GENERAL FLEET HEALTH MAINT AEPF/PFPF FY2006 DEBT TRUST CIP SOLID CIVIC RENT & SERVICE CIP CONV/FRC WASTE CENTER RADIO APPROPRIATIONS: FUND FUND FUND FUND FUND FUNDS APPROPRIATIONS: 30 40 42 50 62 63 & 64 GENERAL GOVERNMENT 1,175,255 3,634,080 8,000 FINANCE INFORMATION SYSTEMS 88,385 INSPECTIONS PLANNING 256,250 POLICE 30,000 FIRE PUBLIC WORKS 535,000 PARKS SERVICES CABLE AUTHORITY 35,820 HUMAN RIGHTS HUMAN RESOURCES ENGINEERING 643,000 RISK MANAGEMENT INVESTMENT FUND DEBT SERVICE / E911 1,763,515 SOLID WASTE OPERATION 538,925 929,580 4,494,910 FLEET MAINTENANCE 1,939,710 PENSIONS 1,500 142,890 1,720 CASH CARRY FORWRD/RESRV FUND TRANSFERS OUT 1,072,470 1,175,255 3,634,080 8,000 1,941,430 81,215 60,430 1,763,515 1,464,250 4,494,910 35,820 230,030 COTAL APPROPRIATIONS FY2006 FLEET FLEET HEALTH MAINT AEPF/PFPF SERVICE TRUST INSUR INS TRUST TRUST PENSION FUND FUND FUND FUND FUND FUND APPROPRIATIONS: 70 71 72 73 74 76 & 77 GENERAL GOVERNMENT FINANCE 1,175,255 3,634,080 8,000 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 PENSIONS 1,939,710 CASH CARRY FORWRD/RESRV 1,500 142,890 1,720 FUND TRANSFERS OUT 540,425 1,072,470 1,175,255 3,634,080 8,000 1,941,430 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. F:\Jon\Excel\Budget FY2005\Budget 2005-2006 June 28, 05\Ordinance �r 445 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. 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. 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 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 2005 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 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. Chapter 424. Thiso -A,----- shall be read on two separate days and will become effective upon publication in full pursuant to KRS ATTEST: Tammara Brock, City Clerk Introduced by the Board of Commissioners, June 14, 2005 Adopted by the Board of Commissioners, June 28, 2005 Recorded by Tammara Brock, City Clerk, June 28, 2005 Published by The Paducah Sun, July 7, 2005 excel\budget 2005-2006 June 28, 05 F:\Jon\Excel\Budget FY2005\Budget 2005-2006 June 28, 05\Ordinance