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Home My WebLink About2006-6-7137ORDINANCE NO. 2006-6-7137 AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2006, THROUGH JUNE 30, 2007, 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 2006-2007. F:\Jon\Excel\Budget FY2005\budget FY2007\Ordinance 716 MUNICIPAL HUD FY2007 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 336,930 33,460 (360,240) 0 REVENUES: PROPERTY TAXES 5,141,000 LISC, PERMITS, OTHER TAXES 20,393,750 1,160,000 3,900,000 GRANTS, CONTRIBUTIONS 799,695 57,580 259,735 36,365 FINES & FORFEITURES 127,175 33,500 PROP RENTAL & SALES 388,300 CHARGES FOR SERVICES 625,230 127,615 INTEREST INCOME 400,000 10,500 5,000 4,000 RECREATION, OTHER FEES 162,700 MISCELLANEOUS 25,000 660 TOTAL REVENUES 28,062,850 1,170,500 3,900,000 0 36,365 FUND TRANSFERS IN 279,140 150,000 0 0 50,000 TOTAL SOURCES LZ8,678,920 1 150,000 1,170,500 1 3,539,760 50,000 1 0 F:\Jon\Excel\Budget FY2005\budget FY2007\Ordinance 716 HUD FY2007 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 33,460 0 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES 710,000 GRANTS, CONTRIBUTIONS 375,000 57,580 259,735 36,365 FINES & FORFEITURES 33,500 PROP RENTAL & SALES CHARGES FOR SERVICES 127,615 INTEREST INCOME 5,000 4,000 RECREATION, OTHER FEES MISCELLANEOUS 660 TOTAL REVENUES 375,000 185,195 974,735 38,160 36,365 FUND TRANSFERS IN 150,000 100,545 375,635 TOTAL SOURCES 375,000 1 150,000 1 319,200 1,350,370 1 38,160 36,365 F:\Jon\Excel\Budget FY2005\budget FY2007\Ordinance 716 717 (C(Dop))y FY2007 GENERAL FLEET HEALTH MAINT AEPF/PFPF FY2007 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: 438,430 1,513,155 CASH FROM FUND RESERVE 521,760 12,230 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES 506,000 GRANTS, CONTRIBUTIONS FINES & FORFEITURES 746,470 8,000 75,000 PROP RENTAL & SALES 582,000 1,226,080 20,000 32,000 229,440 CHARGES FOR SERVICES 318,885 65,000 3,808,000 300,500 INTEREST INCOME 63,000 0 13,000 RECREATION, OTHER FEES MISCELLANEOUS 49,000 TOTAL REVENUES 582,000 811,470 1,226,080 3,692,010 8,000 401,255 TOTAL REVENUES 824,885 0 3,940,000 32,000 242,440 FUND TRANSFERS IN 1,266,515 2,448,250 TOTAL SOURCES 582,000 1,249,900 1 1,226,080 3,692,010 8,000 1 1,939,410 TOTAL SOURCES 2,091,400 2,448,250 1 1 4,461,760 1 44,230 242,440 FY2007 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 438,430 1,513,155 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES GRANTS, CONTRIBUTIONS FINES & FORFEITURES PROP RENTAL & SALES 746,470 8,000 75,000 CHARGES FOR SERVICES 582,000 1,226,080 3,692,010 25,755 INTEREST INCOME 65,000 300,500 RECREATION, OTHER FEES MISCELLANEOUS TOTAL REVENUES 582,000 811,470 1,226,080 3,692,010 8,000 401,255 FUND TRANSFERS IN 0 25,000 TOTAL SOURCES 582,000 1,249,900 1 1,226,080 3,692,010 8,000 1 1,939,410 F:\Jon\Excel\Budget FY2005\budget FY2007\Ordinance 10 C) 718 uup\v SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2006-2007. FY2007 GENERAL FUND 01 SMALL GRANTS 02 MUNICIPAL AID PROGRAM FUND 03 INVESTMENT FUND 04 CDBG FUND 06 HOPE FUND 07 APPROPRIATIONS: GENERAL GOVERNMENT 1,738,935 FINANCE 910,555 INFORMATION SYSTEMS 330,510 319,200 INSPECTIONS 1,009,405 PLANNING 853,480 150,000 50,000 POLICE 8,088,235 38,160 36,265 FIRE 5,860,775 PUBLIC WORKS 5,526,785 PARKS SERVICES 1,251,130 CABLE AUTHORITY 71,470 HUMAN RIGHTS 104,000 HUMAN RESOURCES 317,365 ENGINEERING 1,156,725 1,170,500 RISK MANAGEMENT 127,045 INVESTMENT FUND 976,700 DEBT SERVICE / E911 1,348,010 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV 2,360 100 FUND TRANSFERS OUT 1,332,505 3,302,440 TOTAL APPROPRIATIONS 28,678,920 0 1,170,500 4,279,140 50,000 0 FY2007 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 319,200 INSPECTIONS PLANNING 375,000 150,000 POLICE 38,160 36,265 FIRE PUBLIC WORKS PARKS SERVICES CABLE AUTHORITY HUMAN RIGHTS HUMAN RESOURCES ENGINEERING RISK MANAGEMENT INVESTMENT FUND DEBT SERVICE / E911 1,348,010 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV 2,360 100 FUND TRANSFERS OUT TOTAL APPROPRIATIONS 375,000 150,000 319,200 1,350,370 38,160 36,365 F:\Jon\Excel\Budget FY2005\budget FY2007\Ordinance •�, u,. `�i'�t:,�vcs—e's!u"�rzn,.-xr. n�.,muitilx�-�...A..,®.,Jil�l�le"�I7iWIUVY.:xaleL � _�IJ'rs:w!kfumrLi .M , _�:,'.��.�..2._.�.J�.. . i..�:catic� d�m:.wm:m M,x„W Mu, �:. �..:,a-,R.,.:....�.,. ,. ,�... 719 FY2007 GENERAL DEBT SERVICE FUND 30 CIP FUND 40 CIP CONV/FRC FUND 42 SOLID WASTE FUND 50 CIVIC CENTER FUND 62 RENT & RADIO FUNDS 63 & 64 APPROPRIATIONS: GENERAL GOVERNMENT FINANCE 1,183,785 3,692,010 8,000 137,460 INFORMATION SYSTEMS INSPECTIONS PLANNING 934,250 POLICE 75,000 FIRE PUBLIC WORKS 567,000 PARKS SERVICES 44,230 CABLE AUTHORITY HUMAN RIGHTS HUMAN RESOURCES ENGINEERING 615,000 RISK MANAGEMENT INVESTMENT FUND DEBT SERVICE / E911 2,091,400 257,000 SOLID WASTE OPERATION 4,461,760 FLEET MAINTENANCE 570,490 1,249,900 PENSIONS 1,939,410 CASH CARRY FORWRD/RESRV 11,510 42,295 44,840 FUND TRANSFERS OUT 60,140 TOTAL APPROPRIATIONS 2,091,400 2,448,250 1,226,080 4,461,760 44,230 242,440 FY2007 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 1,183,785 3,692,010 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 570,490 1,249,900 PENSIONS 1,939,410 CASH CARRY FORWRD/RESRV 11,510 42,295 FUND TRANSFERS OUT TOTAL APPROPRIATIONS 582,000 1,249,900 1,226,080 3,692,010 8,000 1,939,410 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. V F:\Jon\Excel\Budget FY2005\budget FY2007\0rdinance 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 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 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 $632 per month credit (for the months of July - December 2006) 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 2006 for the months of January - June 2007. 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. Investment Fund appropriations exceed revenue sources by $739,380 which consists of the following projects: Pecan/Buckner Road Construction, $500,000, Executive Inn renovation debt payment, $158,000 and Fountain Avenue Neighborhood Redevelopment, $81,380. These appropriations will be funded as follows: 1) Grants or other unbudgeted revenues, 2) Expenditures less than budget in other line items, 3) Appropriation from General Fund cash fund balance above the 8% reserve, or 4) a debt issue. 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: JMMW"4k,k Tammara S. Brock, City Clerk Introduced by the Board of Commissioners, June 13, 2006 Adopted by the Board of Commissioners, June 27, 2006 Recorded by Tammara Brock, City Clerk, June 27, 2006 Published by The Paducah Sun, July 3, 2006 R Mayor F:\Jon\Excel\Budget FY2005\budget FY2007\Ordinance 720