HomeMy WebLinkAbout2020-06-8641ORDINANCE NO. 2020-06-8641
AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL OPERATING BUDGET FOR THE FISCAL YEAR JULY 1,
2020, THROUGH JUNE 30, 2021, BY ESTIMATING REVENUES AND RESOURCES AND APPROPRIATING FUNDS FOR THE OPERATION OF CITY
GOVERNMENT.
WHEREAS, an Annual Operating Budget proposal has been prepared and delivered to the Board of Commissioners of the City of Paducah, KY; and,
WHEREAS, the Board of Commissioners has reviewed and discussed the proposed Annual Operating Budget and desires to adopt it for Fiscal Year
2021.
NOW, THEREFORE, BE IT ORDAINED by the City of Paducah, Kentucky as follows:
Section 1. The Annual Operating Budget for the Fiscal Year beginning July 1, 2020 and ending June 30, 2021, including all sources of estimated
/- revenues and appropriations for all City funds as set forth in Exhibit Number 1 attached hereto is hereby adopted.
Section 2. The balance of all capital construction, renovation, improvement projects, and grants currently approved and/or nearing completion are hereby
approved for re -appropriation and carry over for the Fiscal Year beginning July 1, 2020 and ending June 30, 2021.
Section 3. The City does hereby adopt the following financial management policies:
A. The General Fund's minimum undesignated cash balance shall be 12% of the General Fund's budgeted appropriations. The Investment Fund's
minimum undesignated cash balance shall be 12% of the Investment Fund's budgeted appropriations. The Solid Waste Fund's minimum unreserved cash balance
shall be 12% of the Solid Waste's budgeted operating expenses. The Debt Service Fund's minimum cash balance shall be not less than $400,000.
B. The City Manager or designee is authorized to transfer appropriated amounts between funds, departmental budget line items, projects, between
divisions of departments, and between departments as shown in Exhibit Number 1.
C. Appropriations designated as Commission contingency shall be obligated upon approval by the City Commission by municipal order.
D. Funds appropriated as Administrative contingency shall be obligated at the discretion of the City Manager, however, the Board of Commissioners
shall be notified five calendar days prior to obligation of the proposed expenditure. If any individual member of the Board of Commissioners requests Commission
review of a proposed expenditure, the City Manager shall bring expenditure before the Commission for approval by municipal order, or not proceed.
E. City Manager shall assure that recurring revenues and resources are greater than or equal to recurring expenditures. The City Manager or his
designee shall be authorized to increase appropriations in an amount not to exceed any unanticipated increases in revenue or resources.
F. The City Manager has the authority to enact a budget allocation program or to transfer funds to or from any departmental line item appropriation.
Department Directors shall be responsible for keeping all appropriated accounts within their respective department positive.
G. As vehicles are acquired, the City will fully fund the Fleet Lease Trust Fund in order to replace rolling stock owned by the Fleet Lease Trust Fund as
it achieves obsolescence. The Fleet Lease Trust Fund shall be funded with monthly lease charges assigned to rolling stock as determined by the Finance Director
or his designee. All rolling stock is owned by the City's Fleet Lease Trust Fund, and leased to respective departments for use.
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 continue to maintain the Appointive Employees Pension Fund (AEPF) in a fully funded status through sound financial management
and/or annual General Fund transfers as designated in the budget document. The AEPF may be combined with the PFPF should it be determined, by the Finance
Director, that such a combination is administratively more effective and/or financially prudent.
J. In fiscal year 2006, the City issued a General Obligation Bond (GOB) for the Police and Firefighters' Pension Fund (PFPF) bringing the fund up to
an actuarially sound basis; however, the multi-year recession starting in fiscal year 2009 reduced the fund's corpus leaving a new unfunded liability. Funding is
provided in the General Fund of this ordinance to further address the PFPF unfunded liability.
K. The City will provide to all eligible employees up to a $727 per month credit (for the months of July - December 2020) to be applied to the
Comprehensive Health Insurance Benefit Plan (Cafeteria Plan) as directed by the employee. In January 2021, this monthly credit may be adjusted by the Board of
Commissioners as recommended by the City Manager or his designee.
L. The City will maintain a special fund called Investment Fund, and is considered an extension of the General Fund. The Investment Fund is funded
with a 1/2 cent portion ofthe 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, property tax relief, and pension obligations.
M. The Oak Grove Cemetery (PF0048) project will be funded in the following manner: 20% of all cemetery lot sales, and 5% of all cemetery crypt sales
will be credited to the project. Proceeds are to be used solely for the general care, maintenance, and embellishments of the cemetery.
Section 4. The provisions of this Ordinance are hereby declared to be severable, and if any section, phrase or provision shall for any reason be declared
invalid, such declaration of invalidity shall not affect the validity of the remainder of this Ordinance.
Section 5. All prior Municipal Orders or Ordinances or parts of any Municipal Order or Ordinance in conflict herewith are hereby repealed.
Section 6. This ordinance shall be read on two separate days and will become eff on publi ion in full pursuant to KRS Chapter 424.
Mayor
ATTEST:
in say Parish, City C
Introduced by the Board of Commissioners, June 9, 2020
Adopted by the Board of Commissioners, June 24, 2020
Recorded by Lindsay Parish, City Clerk, June 24, 2020
Published by The Paducah Sun, June 30, 2020
ORD\FINANCE\Budget FY2021
R:\City Clerk\ORD\FINANCE\Budget FY2021 Copy of Ordinance original June 12020 Ordinance
Run Date: 7/2/2020 2:54 PM
Total Expenditures $ 35,888,465 $ 29,837,670 S 21,073,075 $ 4,470,945 S 6,213,280 $ 7,759,630 $ 1,094,275 $ 106,337,340
Reserves Utilized $ (1,569,885) $ (21,130,443) $ - $ (487,010) $ (1,227,660) $ (976,000) $ (254,650) $ (259645,648)
R:\City Clerk\ORD\FINANCE\Budget FY2021 Copy of Ordinance original June 12020
Summary by Type
City of Paducah
Annual Operating Budget for All Funds and Categories of Government
Estimated Appropriations & Expenditures
FY2021 (July 1, 2020 to June 30,
2021)
Exhibit No. 1
General
Special
Capital Debt
Enterprise
Internal
Trust
Fund
Revenues
Projects Service
Funds
Service
Funds
Total
Sources:
Fines
$
73,500
$ 30,000
$ $ -
$ -
$
$
$ 103,500
Grants
843,000
860,290
51,275
149,545
1,904,110
Interest Income
157,000
121,700
13,000
20,000
45,000
120,000
476,700
Bond Proceeds
-
0
-
-
-
-
0
Charges for Service
721,525
35,000
4,629,520
5,468,405
0
10,854,450
Other Fees
54,500
-
0
-
1,000
55,500
Occupational License
23,043,000
.4,800,000
686,715
-
-
28,529,715
Permits & Fees
523,000
-
3,000
-
526,000
Property Rent
428,000
270,862
289,000
32,500
985,000
2,005,362
Property Taxes
7,292,000
-
-
-
-
7,292,000
Recreation Fees
117,000
-
-
-
117,000
Sales
23,300
-
40,000
25,000
362,000
450,300
Other Taxes
-
1,200,000
-
-
-
1,200,000
Total
$
33,275,825
$ 7,317,852
$ - $ 1,039,990
$ 4,874,565
$ 6,523,405
$ 483,000
$ 53,514,637
Fund Transfers In
$
1,042,755
$ 1,389,375
$ 21,073,075 $ 2,943,945
$ 111,055
$ 260,225
$ 356,625
$ 27,177,055
Total Sources
$
34,318,580
$ 8,707,227
$ 21,073,075 $ 3,983,935
$ 4,985,620
$ 6,783,630
$ 839,625
$ 80,691,692
Expenditures:
Administration
$
1,979,910
$ -
$ 19,975,000 $ -
$ -
$ -
$ -
$ 21,954,910
Finance
1,140,305
244,565
- 3,970,945
3,436,405
69,300
8,861,520
Information Technology
705,020
-
-
-
-
705,020
Customer Experience
429,745
-
-
429,745
Planning
618,350
200,000
90,000
93,825
1,002,175
Police
10,801,375
70,750
-
-
10,872,125
Fire
9,313,245
-
50,000
-
9,363,245
Public Works
4,247,210
1,471,000
188,075
-
594,225
6,500,510
Parks
3,296,955
-
-
191,205
-
3,488,160
Cable Authority
88,570
-
88,570
Human Rights
17,025
-
17,025
Engineering
1,458,290
770,000
-
2,228,290
Human Resources
356,360
-
3,664,000
4,020,360
Investment Fund
-
989,250
-
989,250
E911
2,059,870
2,059,870
Solid Waste
-
5,554,535
-
5,554,535
Pensions
-
-
-
1,024,975
1,024,975
Fund Transfers Out
1,436,105
24,802,235
500,000
373,715
65,000
-
27,177,055
Total Expenditures $ 35,888,465 $ 29,837,670 S 21,073,075 $ 4,470,945 S 6,213,280 $ 7,759,630 $ 1,094,275 $ 106,337,340
Reserves Utilized $ (1,569,885) $ (21,130,443) $ - $ (487,010) $ (1,227,660) $ (976,000) $ (254,650) $ (259645,648)
R:\City Clerk\ORD\FINANCE\Budget FY2021 Copy of Ordinance original June 12020
Summary by Type