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Home My WebLink About2005-1-6918318 Pagel Fly ORDINANCE NO. 2005-1-6918 AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, FINAL ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2003, THROUGH JUNE 30, 2004, 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 2003-2004. F:\Jon\Excel\Budget FY2004\budget-Final 2004\Ordinance MUNICIPAL HUD GENERAL FY2004 HUD AID COURT POLICE DEBT GENERAL SMALL PROGRAM CDBG HOPE HOME FUND GRANTS FUND FUND FUND FUND (01) (02) (03) (06) (07) (08) SOURCES: CASH FROM FUND RESERVE 790,320 63,265 349,295 15,670 5 REVENUES: PROPERTY TAXES 4,929,885 LISC, PERMITS, 758,420 443,740 OTHER TAXES GRANTS, CONTRIBUTIONS 18,423,215 2,617,840 49,880 405,760 281,250 16,500 29,430 496,340 FINES & FORFEITURES 57,860 31,070 PROP RENTAL & SALES 235,375 CHARGES FOR SERVICES 554,730 127,400 INTEREST INCOME 116,040 55 14,920 1,710 RECREATION, OTHER FEES 190,535 MISCELLANEOUS 35,135 187,570 900 23,955 TOTAL REVENUES 27,160,615 49,935 889,500 16,500 0 520,295 FUND TRANSFERS IN 82,645 72,250 93,750 1 1 78,360 TOTAL SOURCES 28,033,580 49,935 1,332,545 16,500 15,670598,660 900,270 F:\Jon\Excel\Budget FY2004\budget-Final 2004\Ordinance HUD GENERAL FY2004 HUD COURT POLICE DEBT REVOLVING E911 AWARDS GRANT SERVICE FUND TELCOM FUND FUND FUND FUND (09) (11) (12) (13) (14) (30) SOURCES: CASH FROM FUND RESERVE 229,160 63,265 80 15,840 REVENUES: PROPERTY TAXES LISC, PERMITS, 758,420 443,740 OTHER TAXES GRANTS, CONTRIBUTIONS 184,370 29,430 131,770 FINES & FORFEITURES 31,070 PROP RENTAL & SALES 42,280 CHARGES FOR SERVICES 127,400 INTEREST INCOME 3,045 1,635 1,710 RECREATION, OTHER FEES MISCELLANEOUS 2,520 2,275 900 TOTAL REVENUES 47,845 127,400 946,700 33,680 29,430 575,510 FUND TRANSFERS IN 309,180 72,250 236,800 1 1 308,920 TOTAL SOURCES 586,185 262,915 1,183,500 33,680 1 29,510 900,270 F:\Jon\Excel\Budget FY2004\budget-Final 2004\Ordinance �....-...�-- ..:•-....,�,�,:...�.,.. .�:�-�:amuvn�nn;nev a -m �umll� � � _ ::Il:.�i,�ui�. d.,�u:sn�da�dlm�nc�aee �.:::.�.: n,7ui:n:Lc..li:lw:u,Jro �,ti».� 319 �` � , �.✓ Paget FY2004 FLEET CIP SOLID CIVIC RENT & FLEET CIP CONV/FRC WASTE CENTER RADIO SERVICE FUND FUND FUND FUND FUNDS FUND (40) (42) (50) (62) (63) & (64) (70) SOURCES: CASH FROM FUND RESERVE 591,950 1,529,705 63,500 30,635 REVENUES: 120,760 5,260 1,020,020 PROPERTY TAXES LISC, PERMITS, OTHER TAXES GRANTS, CONTRIBUTIONS 666,140 FINES & FORFEITURES PROP RENTAL & SALES 43,380 36,455 141,595 CHARGES FOR SERVICES 388,380 3,463,955 81,400 290,225 INTEREST INCOME 730 1,495 32,615 200 2,525 161,385 685 RECREATION, OTHER FEES MISCELLANEOUS 933,045 6,721,055 15,365 5,000 162,070 TOTAL REVENUES FUND TRANSFERS IN 489,685 75,000 TOTAL REVENUES 666,870 6,722,550 3,555,315 36,655 225,520 290,225 FUND TRANSFERS IN 2,874,905 1,053,805 1 7,000 85,260 100,000 TOTAL SOURCES 4,133,725 8252255E3,618,815 1 36,655 1 225,520 420,860 FY2004 FLEET HEALTH MAINT AEPF PFPF TRUST INSURANCE INS TRUST TRUST PENSION PENSION FUND FUND FUND FUND FUND FUND (71) (72) (73) (74) (76) (77) SOURCES: CASH FROM FUND RESERVE 120,760 5,260 1,020,020 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES GRANTS, CONTRIBUTIONS FINES & FORFEITURES PROP RENTAL & SALES 388,380 CHARGES FOR SERVICES INTEREST INCOME RECREATION, OTHER FEES 21,655 933,045 3,258,205 7,000 5,000 161,385 685 MISCELLANEOUS 410,035 933,045 3,258,205 7,000 5,000 162,070 TOTAL REVENUES FUND TRANSFERS IN 489,685 75,000 615,440 TOTAL SOURCES 899,720 1,053,805 3,258,205 7,000 85,260 1,797,530 F:\Jon\Excel\Budget FY2004\budget-Final 2004\Ordinance J 320 C SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2003-2004. Page3 FY2004 GENERAL FUND (01) SMALL GRANTS 02) MUNICIPAL AID PROGRAM FUND (03) CDBG FUND (06) HOPE FUND (07) HOME FUND (08) APPROPRIATIONS: GENERAL GOVERNMENT 3,248,435 20,595 FINANCE 722,365 INFORMATION SYSTEMS 213,305 262,915 INSPECTIONS 701,205 1,051,755 26,100 12,500 15,670 564,265 PLANNING 312,900 POLICE 6,646,490 25,390 29,510 FIRE 5,104,235 PUBLIC WORKS 4,614,510 PARKS SERVICES 1,026,385 CABLE AUTHORITY 70,975 HUMAN RIGHTS 96,470 HUMAN RESOURCES 329,770 ENGINEERING 904,100 1,332,545 900,270 DEBT SERVICE / E911 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV 445 24,680 8,290 FUND TRANSFERS OUT 3,303,580 2,795 4,000 34,395 TOTAL APPROPRIATIONS 28,033,580 49,935 1,332,545 16,500 15,670 598,660 FY2004 HUD REVOLVING FUND (09) TELCOM (11) E911 FUND (12) COURT AWARDS FUND (13) HUD POLICE GRANT FUND (14) GENERAL DEBT SERVICE FUND (30) APPROPRIATIONS: GENERAL GOVERNMENT FINANCE INFORMATION SYSTEMS 262,915 INSPECTION PLANNING 312,900 POLICE 25,390 29,510 FIRE PUBLIC WORKS RECREATION CABLE AUTHORITY HUMAN RIGHTS HUMAN RESOURCES ENGINEERING 1,158,820 900,270 DEBT SERVICE / E911 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV 24,680 8,290 FUND TRANSFERS OUT 273,285 TOTAL APPROPRIATIONS 1 586,1851 262,915 1 1,183,5001 33,6801 29,510 900,270 F:\Jon\Excel\Budget FY2004\budget-Final 2004\Ordinance Wx .�adv�rc._L^il:l'mn.4 vm� +mwLLv 'wwlWle�aeseaa - in�lhiz~rN , vu.��Cc'N�ticaM+ ne'. — mWw.m 321 FlyPage4 FY2004 CIP FUND 40 CIP CONV/FRC FUND 42 SOLID WASTE FUND 50 CIVIC CENTER FUND 62 RENT & RADIO FUNDS 63 & 64 FLEET SERVICE FUND 70 APPROPRIATIONS: GENERAL GOVERNMENT 6,438,730 FINANCE 1,053,805 2,116,570 6,100 64,350 INFORMATION SYSTEMS INSPECTION 27,660 PLANNING 1,147,430 POLICE 109,070 FIRE 46,260 PUBLIC WORKS RECREATION 731,360 36,015 CABLE AUTHORITY HUMAN RIGHTS HUMAN RESOURCES ENGINEERING 1,855,445 DEBT SERVICE / E911 SOLID WASTE OPERATION 3,618,815 FLEET MAINTENANCE 145,320 PENSIONS 85,260 420,860 CASH CARRY FORWRD/RESRV 216,500 1,141,635 640 81,805 FUND TRANSFERS OUT 1,813,525 79,365 899,720 1,053,805 3,258,205 7,000 85,260 1,797,530 TOTAL APPROPRIATIONS 4,133,725 8,252,255 3,618,815 36,655 225,520 420,860 FY2004 FLEET TRUST FUND (71) INSURANCE FUND (72) HEALTH INS TRUST FUND (73) MAINT TRUST FUND (74) AEPF PENSION FUND (76) PFPF PENSION FUND 77 APPROPRIATIONS: GENERAL GOVERNMENT FINANCE 1,053,805 2,116,570 6,100 INFORMATION SYSTEMS INSPECTION PLANNING POLICE FIRE PUBLIC WORKS RECREATION CABLE AUTHORITY HUMAN RIGHTS HUMAN RESOURCES ENGINEERING DEBT SERVICE / E911 SOLID WASTE OPERATION FLEET MAINTENANCE 145,320 PENSIONS 85,260 1,797,530 CASH CARRY FORWRD/RESRV 754,400 1,141,635 900 FUND TRANSFERS OUT 899,720 1,053,805 3,258,205 7,000 85,260 1,797,530 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 FY2004\budget-Final 2004\Ordinance 322 Page5 SECTION 4. The City does hereby adopt the following financial management policies: A. The General Fund's minimum undesignated fund balance shall be 12.5% 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. i 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 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 credit to be applied to the Comprehensive Health Insurance Benefit Plan (Cafeteria Plan) as directed by the employee. 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 become effective upon publication in full pursuant to KRS Chapter 424. ATTEST: k Tammara Brock, City Clerk Introduced by the Board of Commissioners, January 11, 2005 Adopted by the Board of Commissioners, January 24, 2005 Recorded by Tammara Brock, City Clerk, January 24, 2005 Published by The Paducah Sun, January 29, 2005 excel\budget-final 2004 L -0 11fL Mayor F:\Jon\Excel\Budget FY2004\budget-Final 2004\Ordinance