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Home My WebLink About2012-12-8005ORDINANCE NO. 2012-12-8005 AN ORDINANCE RESCINDING ORDINANCE NO. 2011-6-7825, AND ADOPTING THE CITY OF PADUCAH, KENTUCKY, REVISED ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2011, THROUGH NNE 30, 2012, BY ESTIMATING REVENUES AND RESOURCES AND APPROPRIATING FUNDS FOR THE 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 City of Paducah hereby rescinds Ordinance No. 2011-6-7825 in its entirety and adopts the following revenues and resources as the City of Paducah, Kentucky Revenue budget for Fiscal Year 2011-2012. R:\City Clerk\TammyStuff\Excel\budget 2011-2012 final-revised\Ordinance MUNICIPAL FY2012 COURT AID SOLID GENERAL SMALL PROGRAM INVESTMENT CDBG WASTE FUND GRANTS FUND FUND FUND TELCOM 01 02 03 04 06 11 SOURCES: CASH FROM FUND RESERVE 95,765 5 5,440 91,770 5 124,145 REVENUES: PROPERTY TAXES 5,910,225 LISC, PERMITS, OTHER TAXES 22,291,380 619,910 4,462,110 GRANTS, CONTRIBUTIONS 1,071,710 54,280 212,315 560,355 15,265 FINES & FORFEITURES 99,610 50,075 PROP RENTAL & SALES 427,865 405,800 205,725 2,440 CHARGES FOR SERVICES 663,240 25,940 99,600 INTEREST INCOME 119,685 1,810 8,805 11,590 5,015 48,585 RECREATION 101,920 MISCELLANEOUS 83,375 1 2,070 7,835 61,560 1 9,640 TOTAL REVENUES 30,769,010 56,350 636,550 4,535,260 560,355 99,600 FUND TRANSFERS IN 751,860 11,775 890,000 110,985 TOTAL SOURCES 31,520,870 68,130 1 1,526,550 1 4,646,245 1 560,360 223,745 R:\City Clerk\TammyStuff\Excel\budget 2011-2012 final-revised\Ordinance GENERAL FY2012 COURT DEBT SOLID E911 AWARDS SERVICE CR' BOND WASTE FUND FUND FUND FUND FUND FUND 12 13 30 40 42 50 SOURCES: CASH FROM FUND RESERVE 95,765 5,440 91,770 267,875 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES 682,055 545,975 GRANTS, CONTRIBUTIONS 348,905 212,315 15,265 FINES & FORFEITURES 50,075 PROP RENTAL & SALES 405,800 205,725 2,440 CHARGES FOR SERVICES 25,940 4,393,585 INTEREST INCOME 2,695 1,810 7,415 5,015 48,585 RECREATION MISCELLANEOUS 60 1 5,905 280,125 1 9,640 TOTAL REVENUES 1,033,715 51,885 983,620 705,580 5,015 4,469,515 FUND TRANSFERS IN 448,550 1,560,100 1,822,385 TOTAL SOURCES L 1,578,030 51,885 1 2,549,160 1 2,619,735 1 272,890 4,469,515 R:\City Clerk\TammyStuff\Excel\budget 2011-2012 final-revised\Ordinance FY2012 CIVIC MAINT TRUST FUND 74) AEPF/PFPF PENSION FUND (76),(77),(84) FLEET FLEET CENTER RENTAL RADIO SERVICE TRUST INSUR 265 FUND FUND FUND FUND FUND FUND 62 63 64 70 71 72 SOURCES: OTHER TAXES CASH FROM FUND RESERVE 10,035 4,070 FINES & FORFEITURES 5,825 REVENUES: PROP RENTAL & SALES 8,000 (147,510) PROPERTY TAXES CHARGES FOR SERVICES 4,259,380 18,370 INTEREST INCOME LISC, PERMITS, 279,910 675 RECREATION OTHER TAXES MISCELLANEOUS 7,805 7,070 9,255 GRANTS, CONTRIBUTIONS TOTALREVENUES 4,267,185 8,000 FINES & FORFErrURES 12,705 PROP RENTAL & SALES 34,035 120,825 141,790 2,295 836,905 CHARGES FOR SERVICES 375,220 907,520 INTEREST INCOME 4,875 40,650 RECREATION MISCELLANEOUS 2,380 355 10,500 1 2,355 TOTAL REVENUES 34,035 120,825 149,045 377,870 888,055 909,875 FUND TRANSFERS IN 27,100 7,640 50,000 146,620 49,835 TOTAL SOURCES 1 71,170 128,465 1 199,045 1 528,560 888,055 965,535 FY2012 HEALTH INS TRUST FUND 73 MAINT TRUST FUND 74) AEPF/PFPF PENSION FUND (76),(77),(84) PRA FUND (80 SOURCES: CASH FROM FUND RESERVE 205 1,230,545 265 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES GRANTS, CONTRIBUTIONS FINES & FORFEITURES PROP RENTAL & SALES 8,000 (147,510) 2,775 CHARGES FOR SERVICES 4,259,380 18,370 INTEREST INCOME 279,910 675 RECREATION MISCELLANEOUS 7,805 7,070 9,255 TOTALREVENUES 4,267,185 8,000 157,840 12,705 D, R:\City Clerk\TammyStuff\Excel\budget 2011-2012 final-revised\Ordinance TRANSFERS IN AL SOURCES SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2011-2012. FY2012 GENERAL FUND 01 SMALL GRANTS 02 MUNICIPAL AID PROGRAM FUND 03 INVESTMENT FUND 04 CDBG FUND 06 TELCOM 11 APPROPRIATIONS. GENERAL GOVERNMENT 1,293,155 178,760 FINANCE 953,565 PRDA 123,030 INFORMATION SYSTEMS 534,640 173,745 INSPECTIONS 830,325 86,760 PLANNING 727,510 68,130 269,545 560,360 POLICE 8,844,575 41,430 179,580 FIRE 8,018,800 ENG/PUBLIC WORKS 3,376,400 622,550 PARKS SERVICES 2,679,040 CABLE AUTHORITY 84,410 HUMAN RIGHTS 53,565 ENGINEERING 1,065,880 1,159,685 HUMAN RESOURCES 292,760 PRA 174,075 127,630 SPECIAL PROJECTS 358,760 640,190 INVESTMENT FUND 1,364,885 DEBT SERVICE/E911 1,578,030 2,549,160 SOLID WASTE OPERATION 3,901,310 FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV 172,870 10,455 264,495 44,205 320,480 FUND TRANSFERS OUT 1,937,510 102,370 3,237,155 50,000 TOTAL APPROPRIATIONS 31,520,870 68,130 1,526,550 4,646,245 560,360 223,745 FY2012 E911 FUND 12 COURT AWARDS FUND 13 GENERAL DEBT SERVICE FUND 30 CIP FUND 40 BOND FUND 42 SOLID WASTE FUND 50 APPROPRIATIONS. GENERAL GOVERNMENT 178,760 FINANCE PRDA INFORMATION SYSTEMS INSPECTIONS 86,760 PLANNING 269,545 POLICE 41,430 179,580 FIRE ENG/PUBLIC WORKS 622,550 PARKS SERVICES CABLE AUTHORITY HUMAN RIGHTS ENGINEERING HUMAN RESOURCES PRA 127,630 SPECIAL PROJECTS 640,190 INVESTMENT FUND DEBT SERVICE / E911 1,578,030 2,549,160 SOLID WASTE OPERATION 3,901,310 FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV 10,455 320,480 RACity Clerk\TammyStuff\Excel\budget 2011-2012 final-revised\Ordinance FUND TRANSFERS OUT I I 1 1 514,720 1 272,890 1 247,725 APPROPRIATIONS FY2012 CIVIC CENTER FUND 62 RENTAL FUND 63 RADIO FUND 64 FLEET SERVICE FUND 70 FLEET TRUST FUND 71 INSUR FUND 72 APPROPRIATIONS. GENERAL GOVERNMENT GENERAL GOVERNMENT FINANCE 7,745 PRDA FINANCE 40,970 INFORMATION SYSTEMS 594,800 PRDA INSPECTIONS INFORMATION SYSTEMS POLICE INSPECTIONS FIRE PLANNING ENG/PUBLIC WORKS PARKS SERVICES POLICE CABLE AUTHORITY FIRE HUMAN RIGHTS ENG/PUBLIC WORKS 32,475 HUMAN RESOURCES 4,148,195 PARKS SERVICES 71,170 PRA CABLE AUTHORITY SPECIAL PROJECTS INVESTMENT FUND HUMAN RIGHTS DEBT SERVICE / E911 , ENGINEERING SOLID WASTE OPERATION HUMAN RESOURCES PENSIONS 965,535 PRA 1,764,780 CASH CARRY FORWRD/RESRV 118,990 SPECIAL PROJECTS FUND TRANSFERS OUT 1 1 11,6001 4,040 INVESTMENT FUND TOTAL APPROPRIATIONS 1 4,267,185 1 19,345 1 1,768,820 DEBT SERVICE / E911 SOLID WASTE OPERATION FLEET MAINTENANCE 528,560 PENSIONS CASH CARRY FORWRD/RESRV 155 158,075 288,105 FUND TRANSFERS OUT 95,835 1 1 1 5,150 TOTAL APPROPRIATIONS 71,170 128,465 1 199,045 1 528,560 1 888,055 1 965,535 FY2012 HEALTH INS TRUST FUND 73 MAINT TRUST FUND 74) AEPF/PFPF PENSION FUND (76),(77),(84) PRA FUND (80 APPROPRIATIONS. GENERAL GOVERNMENT FINANCE 7,745 PRDA INFORMATION SYSTEMS INSPECTIONS PLANNING POLICE FIRE ENG/PUBLIC WORKS PARKS SERVICES CABLE AUTHORITY HUMAN RIGHTS ENGINEERING HUMAN RESOURCES 4,148,195 PRA 223,470 SPECIAL PROJECTS INVESTMENT FUND DEBT SERVICE / E911 , SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS 1,764,780 CASH CARRY FORWRD/RESRV 118,990 FUND TRANSFERS OUT 1 1 11,6001 4,040 TOTAL APPROPRIATIONS 1 4,267,185 1 19,345 1 1,768,820 223,470 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 on the City's website. SECTION 4. The City does hereby adopt the following financial management policies: A. The General Fund's minimum undesignated cash balance shall be 8% of the General Fund's budgeted expenditures. The Solid Waste Fund's minimum unreserved cash balance shall be 8% 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 funds, departmental budget line items, projects 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 R:\City Clerk\TammyStuff\Excel\budget 2011-2012 final--revised\Ordinance 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 and resources 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 hisurance 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. 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; however, the fiscal year 2009 recession 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. J. The City will provide to all eligible employees a $716.25 per month credit (for the months of July - December 2011) to be applied to the Comprehensive Health Insurance Benefit Plan (Cafeteria Plan) as directed by the employee. In January 2012, this monthly credit will be adjusted by the City (`nmm;cc;nr, ac th— p fir Y1. ine t-tty win maintam a speciai tuna canea investment runa. me mvesrment runa wtu De nmaea wim a iii cent increase m me t ltys occupauonal license fee (employee payroll withholding tax). This fund is dedicated to the following expenditures: economic development, neighborhood re -development, inf-ctrnrfi— —AN] in—f—t ani nrnnvrhi tav raliaf SECTION 5. Finance Director is responsible for maintaining current table of Estimated Revenues in Section 1 and Appropriation of Funds in Section 2 ani to —;A, a rim, to A" Pih, 1'1-1r 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 ATTEST: Tammara Sanderson, City Clerk Introduced by the Board of Commissioners, December 11, 2012 Adopted by the Board of Commissioners, December 18, 2012 Recorded by Tammara Sanderson, City Clerk, December 18, 2012 Published by The Paducah Sun, December 24, 2012 budget 2011-2012 final -revised r 424. R:\City Clerk\TammyStuff\Excel\budget 2011-2012 final--revised\Ordinance