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Home My WebLink About2004-2-6761161 23 ORDINANCE NO. 2004-2-6761 AN ORDINANCE AMENDING ORDINANCE NO. 2002-6-6538, ENTITLED, "AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2002, THROUGH JUNE 30, 2003, BY ESTIMATING REVENUES AND RESOURCES AND APPROPRIATING FUNDS FOR THE OPERATION OF CITY GOVERNMENT" WHEREAS, the City of Paducah, Kentucky adopted the annual budget for FY2002-2003 by Ordinance No. 2002-6-6538; and WHEREAS, the City of Paducah amended Ordinance No. 2002-6-6538 by Ordinance No. 2002-11-6591 adopted on November 12, 2002; and C(Opy WHEREAS, it has become necessary to reapprovpriate funds for the 2002-2003 budget; and WHEREAS, KRS prohibits expenses to exceed the budget in any department. 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 2002-2003. MUNICIPAL HUD GENERAL FY2003 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 0 38,765 - 3,005 33,080 64,085 REVENUES: PROPERTY TAXES 5,074,995 LISC, PERMITS, OTHER TAXES 17,900,760 373,020 414,285 GRANTS, CONTRIBUTIONS 745,655 121,835 70,025 90,050 84,065 237,235 FINES & FORFEITURES 40,835 15,100 PROP RENTAL & SALES 206,420 CHARGES FOR SERVICES 629,410 93,380 INTEREST INCOME 168,140 475 15,475 1,740 RECREATION, OTHER FEES 159,510 MISCELLANEOUS 39,640 60,000 420,670 365 1,625 TOTAL REVENUES 24,965,365 182,310 809,165 90,050 0 237,235 FUND TRANSFERS IN 378,415 53,000 555,465 0 0 0 TOTAL SOURCES 25,343,780 274,075 1,364,630 93,055 33,080 301,320 HUD GENERAL FY2003 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 0 0 292,450 5,905 30 198,685 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES 835,540 414,285 GRANTS, CONTRIBUTIONS 75,000 70,025 84,065 153,820 FINES & FORFEITURES 15,100 PROP RENTAL & SALES 54,775 CHARGES FOR SERVICES 93,380 INTEREST INCOME 2,555 3,280 1,740 RECREATION, OTHER FEES MISCELLANEOUS 35 3,350 365 1,625 TOTAL REVENUES 132,365 93,380 912,195 17,205 84,065 569,730 FUND TRANSFERS IN 371,265 0 89,245 0 0 239,395 TOTAL SOURCES 503,630 93,380 1,293,890 23,110 84,095 1,007,810 ,w-m�hvz::L �Yve^.�Cu 4iiavu�.1N] �... ttulcxldxitle^.umoUdik.dv �JYMN:Lrn.uxltmlL.LL L �: rkia�uwLSii.+x J.9e1_1�ilYMuuJ[n �. �•. 24V FY2003 FLEET CIP SOLID CIVIC RENT & FLEET TRUST FUND CIP CONV/FRC WASTE CENTER RADIO SERVICE FUND (72) FUND FUND FUND FUND FUNDS FUND (40) (42) (50) (62) (63) & (64) (70) CASH FROM FUND RESERVE 0 0 362,275 16,995 SOURCES: REVENUES: C 1S,H FRO1V `RESERVE REIN 11,350 330,770 700 20,835 0 145 PROPERTY TAXES OTHER TAXES LISC, PERMITS, GRANTS, CONTRIBUTIONS OTHER TAXES 1,010 FINES & FORFEITURES GRANTS, CONTRIBUTIONS 2,061,730 189,175 373,805 FINES & FORFEITURES CHARGES FOR SERVICES 941,645 3,145,660 PROP RENTAL & SALES 56,000 50 20,825 212,685 360 CHARGES FOR SERVICES 3,302,390 MISCELLANEOUS 257,255 INTEREST INCOME 3,290 119,105 39,245 280 1,925 RECREATION, OTHER FEES TOTAL REVENUES 387,155 941,645 3,145,660 4,860 MISCELLANEOUS 592,910 230,415 15,450 75,000 12,000 TOTAL SOURCES TOTAL REVENUES 2,713,930 8,280 ::2082 3,357,135 21,105 214,610 269,615 FUND TRANSFERS IN 601,615 ,120 0 10,000 0 146,000 TOTAL SOURCES 3,326,895 921,1701 3,357,835 1 51,940 1 214,6101 411760 FY2003 FLEET HEALTH AEPF PFPF TRUST FUND INSURANCE INS TRUST PENSION PENSION (71) FUND (72) FUND (73) FUND (76) FUND (77) SOURCES: CASH FROM FUND RESERVE 0 0 362,275 16,995 1,158,245 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES GRANTS, CONTRIBUTIONS 1,010 FINES & FORFEITURES PROP RENTAL & SALES 373,805 244,755 CHARGES FOR SERVICES 941,645 3,145,660 INTEREST INCOME 9,015 4,860 (20,370) RECREATION, OTHER FEES MISCELLANEOUS 4,335 TOTAL REVENUES 387,155 941,645 3,145,660 4,860 225,395 FUND TRANSFERS IN 230,415 75,000 430,995 TOTAL SOURCES 617,570 941,645 3,507,935 1 96,855 1 1,814,635 111 110 11 25 Py SECTION 2. The following sums of money are hereby appropriated for Fisca Year 2002-2003. FY2003 GENERAL FUND (01) SMALL GRANTS (02) MUNICIPAL AID PROGRAM FUND (03) CDBG FUND (06) HOPE FUND (07) HOME FUND (08) APPROPRIATIONS: GENERAL GOVERNMENT 1,357,960 FINANCE 683,695 INFORMATION SYSTEMS 219,990 77,845 INSPECTION 691,995 PLANNING 982,720 272,525 93,055 33,080 301,095 POLICE 6,392,565 23,110 84,095 FIDE 4,896,940 PUBLIC WORKS 4,386,065 RECREATION 975,820 CABLE AUTHORITY 81,350 HUMAN RIGHTS 93,945 HUMAN RESOURCES 248,235 ENGINEERING 795,055 776,500 807,810 DEBT SERVICE / E911 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS 404,200 15,535 141,840 0 0 0 CASH CARRY FORWRD/RESRV 580,595 0 513,130 0 0 200,000 FUND TRANSFERS OUT 2,956,850 1,5501 75,000 1 01 01 225 503,630 93,380 1,293,890 23,110 84,095 1,007,810 TOTAL APPROPRIATIONS 25,343,780 274,075 1 1,364,630 1 93,055 1 33,080 L 301,320 FY2003 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 77,845 INSPECTION PLANNING 72,105 POLICE 23,110 84,095 FIRE PUBLIC WORKS RECREATION CABLE AUTHORITY HUMAN RIGHTS HUMAN RESOURCES ENGINEERING DEBT SERVICE / E911 1,152,050 807,810 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV 404,200 15,535 141,840 0 0 0 FUND TRANSFERS OUT 27,325 0 0 0 0 200,000 TOTAL APPROPRIATIONS 503,630 93,380 1,293,890 23,110 84,095 1,007,810 26 FY2003 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 GENERAL GOVERNMENT FINANCE 293,140 910,910 FINANCE INFORMATION SYSTEMS 46,855 INFORMATION SYSTEMS 437,090 INSPECTION INSPECTION 177,310 PLANNING 1,534,305 FIRE POLICE 62,785 PUBLIC WORKS FIRE 57,865 RECREATION PUBLIC WORKS 921,170 CABLE AUTHORITY RECREATION 523,030 HUMAN RIGHTS 51,940 CABLE AUTHORITY HUMAN RESOURCES HUMAN RIGHTS DEBT SERVICE / E911 HUMAN RESOURCES SOLID WASTE OPERATION ENGINEERING 456,865 FLEET MAINTENANCE DEBT SERVICE / E911 PENSIONS SOLID WASTE OPERATION 1,814,635 CASH CARRY FORWRD/RESRV 3,329,165 30,735 0 0 FLEET MAINTENANCE FUND TRANSFERS OUT 415,760 PENSIONS TOTAL APPROPRIATIONS 617,570 CASH CARRY FORWRD/RESRV 0 0 0 0 72,090 0 FUND TRANSFERS OUT 77,645 0 28,670 0 95,665 0 TOTAL APPROPRIATIONS 3,326,895 921,170 3,357,835 51,940 214,610 415,760 FY2003 FLEET TRUST FUND (71) INSURANCE FUND (72) HEALTH INS TRUST FUND (73) AEPF PENSION FUND (76) PFPF PENSION FUND (77) APPROPRIATIONS: GENERAL GOVERNMENT FINANCE 293,140 910,910 3,507,935 INFORMATION SYSTEMS INSPECTION PLANNING POLICE FIRE PUBLIC WORKS RECREATION CABLE AUTHORITY HUMAN RIGHTS HUMAN RESOURCES ENGINEERING DEBT SERVICE / E911 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS 96,855 1,814,635 CASH CARRY FORWRD/RESRV 324,430 30,735 0 0 0 FUND TRANSFERS OUT TOTAL APPROPRIATIONS 617,570 941,645 3,507,935 96,855 1,814,635 11 11 No 27 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 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. 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 $6,900 annual 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 effectivupon publication in full pursuant to KRS Chapter 424. �"—'— �_ 0 ATTEST: I &Ock Tammara Brock, City Clerk Introduced by the Board of Commissioners, February 10, 2004 Adopted by the Board of Commissioners, February 24, 2004 Recorded by Tammara Brock, City Clerk, February 24, 2004 Published by The Paducah Sun, March 3, 2004