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Home My WebLink About2003-6-6657ORDINANCE NO. 2003-06-6657 AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, 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." ,f 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. 1 513 F:Von\Word\Budget\Budget Ord FY2004, 2003-06-XXXX, original MUNICIPAL FY2004 GENERAL AID HUD GENERAL SMALL PROGRAM CDBG HOPE HOME REVLVNG FUND GGRANTS FUND FUND FUND FUND SERVICE (01) (02) (03) (06) (07j (08) SOURCES: FUND FUND (09) (1 1) (12) CASH FROM FUND RESERVE 500,000 19,900 448,400 50,000 40,000 44,000 REVENUES: CASH FROM FUND RESERVE 30,000 19,170 PROPERTY TAXES 4,801,200 REVENUES: LISC, PERMITS, PROPERTY TAXES OTHER TAXES 18,312,500 385,000 735,450 GRANTS, CONTRIBUTIONS 772,500 125,000 OTHER TAXES 350,000 1,003,000 FINES & FORFEITURES 45,800 GRANTS, CONTRIBUTIONS 68,405 222,705 PROP RENTAL & SALES 209,000 , FINES & FORFEITURES CHARGES FOR SERVICES 558,775 PROP RENTAL & SALES INTEREST INCOME 182,000 100 17,000 100,475 RECREATION, OTHER FEES 155,000 25,000 INTEREST INCOME 3,000 MISCELLANEOUS 35,000 RECREATION, OTHER FEES 3,000 MISCELLANEOUS TOTAL REVENUES 25,071,775 150,100 402,000 350,000 0 1,003,00,0, FUND TRANFERS IN 78,935 TOTAL REVENUES 0 168,880 964,155 17,000 64,775 566,150 FUND TRANFERS IN 120,000 86,285 TOTAL SOURCES 25,650,710 170,000 850,400 400,000 1 40,000 1,047,060 1 513 F:Von\Word\Budget\Budget Ord FY2004, 2003-06-XXXX, original HUD GENERAL FY2004 HUD COURT POLICE DEBT REVLVNG E911 AWARDS GRANT SERVICE FUND TELCOM FUND FUND FUND FUND (09) (1 1) (12) (13) (14) (30) SOURCES: CASH FROM FUND RESERVE 30,000 19,170 8,600 REVENUES: PROPERTY TAXES LISC,.PERMITS, 735,450 414,150 OTHER TAXES GRANTS, CONTRIBUTIONS 68,405 222,705 64,775 FINES & FORFEITURES 15,000 PROP RENTAL & SALES CHARGES FOR SERVICES 100,475 152,000 INTEREST INCOME 3,000 1,500 RECREATION, OTHER FEES 3,000 MISCELLANEOUS 500 TOTAL REVENUES 0 168,880 964,155 17,000 64,775 566,150 FUND TRANFERS IN 120,000 86,285 295,830 307,620 TOTAL SOURCES 1 150,000 1 274,335 1,259,985 1 25,600 1 64,775 873,770 1 513 F:Von\Word\Budget\Budget Ord FY2004, 2003-06-XXXX, original 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 453,630 28,870 717,470 0 REVENUES: PROPERTY TAXES 4,801,200 LISC, PERMITS, 0 OTHER TAXES 19,847,100 GRANTS, CONTRIBUTIONS 214,800 2,821,185 FINES & FORFEITURES 60,800 PROP RENTAL & SALES 464,315 1,000 27,000 219,475 1,000 CHARGES FOR SERVICES 1,049,560 3,396,000 292,000 INTEREST INCOME 3,300 37,200 200 1,400 435,100 RECREATION, OTHER FEES 183,000 MISCELLANEOUS 16,000 51,500 TOTAL REVENUES 3,300 0 3,450,200 27,200 220,875 293,000 FUND TRANFERS IN 455,500 75,000 737,830 139,000 TOTAL SOURCES 1 3,300 0 1 3,903,830 1 56,070 220,875 432,000 FY2004 FLEET HEALTH AEPF PFPF TOTAL TRUST INSUR INS TRUST PENSION PENSION ALL FUND FUND FUND FUNDS FUNDS FUNDS (71) (72) (73) (76) (77) SOURCES: CASH FROM FUND RESERVE 15,000 717,470 2,375,040 REVENUES: PROPERTY TAXES 4,801,200 LISC, PERMITS, 0 OTHER TAXES 19,847,100 GRANTS, CONTRIBUTIONS 214,800 2,821,185 FINES & FORFEITURES 60,800 PROP RENTAL & SALES 464,315 921,790 CHARGES FOR SERVICES 1,049,560 3,301,670 8,850,480 INTEREST INCOME 8,300 3,600 177,500 435,100 RECREATION, OTHER FEES 183,000 MISCELLANEOUS 51,500 TOTAL REVENUES 472,615 1,049,560 3,301,670 3,600 392,300 37,972,155 FUND TRANFERS IN 455,500 75,000 737,830 2,296,000 TOTAL SOURCES 928,115 1,049,560 3,301,670 93,600 1,847,600 42,643,195 F:Uon\Word\Budget\Budget Ord FY2004, 2003-06-XXXX, original 514 515 SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2003-2004. FY2004 GENERAL FUND (01) MUNICIPAL AID SMALL PROGRAM CDBG GRANTS FUND FUND (02) (03) (06) HOPE FUND (07) HOME FUND (08) APPROPRIATIONS: GENERAL DEBT SERVICE FUND (30) APPROPRIATIONS: GENERAL GOVERNMENT 1,230,560 150,000 FINANCE 748,655 FINANCE INFORMATION SYSTEMS 242,845 INFORMATION SYSTEMS INSPECTIONS 750,680 INSPECTIONS PLANNING 948,625 20,000 150,000 400,000 1,047,000 POLICE 6,867,090 POLICE 25,600 FIRE 5,126,200 FIRE PUBLIC WORKS 5,041,440 PUBLIC WORKS RECREATION 1,082,015 RECREATION CABLE AUTHORITY 107,785 CABLE AUTHORITY HUMAN RIGHTS 99,545 HUMAN RIGHTS HUMAN RESOURCES 338,570 HUMAN RESOURCES ENGINEERING & FLOODWALL 889,635 ENGINEERING & FLOODWALL 850,400 DEBT SERVICE / E911/TELCOM DEBT SERVICE / E911/TELCOM 274,335 1,259,860 PENSIONS 873,770 PENSIONS GRANT MATCH GRANT MATCH SPECIAL PROJECTS SPECIAL PROJECTS CASH CARRY FORWRD/RESRV CASH CARRY FORWRD/RESRV 125 FUND TRANSFERS OUT 2,177,065 FUND TRANSFERS OUT 40,000 TOTAL APPROPRIATIONS 25,650,710 170,000 850,400 400,000 40,000 1,047,000 FY2004 HUD REVLVNG 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 INSPECTIONS PLANNING 150,000 POLICE 25,600 64,775 FIRE PUBLIC WORKS RECREATION CABLE AUTHORITY HUMAN RIGHTS HUMAN RESOURCES ENGINEERING & FLOODWALL DEBT SERVICE / E911/TELCOM 274,335 1,259,860 873,770 PENSIONS GRANT MATCH SPECIAL PROJECTS CASH CARRY FORWRD/RESRV 125 FUND TRANSFERS OUT TOTAL APPROPRIATIONS 150,000 274,335 1,259,985 25,600 64,775 873,770 F:\Jon\Word\Budget\Budget Ord FY2004, 2003-06-XXXX, original FY2004 CIP FUND (40) CIP CONV/FRC FUND (42) SOLID WASTE FUND 1 (50) CMC CENTER FUND (62) RENT & RADIO FUNDS (63) & (64) FLEET SERVICE FUND (70) APPROPRIATIONS: GENERAL GOVERNMENT 1,380,560 FINANCE 555,300 1,049,560 3,301,670 72,480 5,727,665 INFORMATION SYSTEMS 242,845 INSPECTIONS 750,680 PLANNING 2,565,625 POLICE 6,957,465 FIRE 5,126,200 PUBLIC WORKS 3,903,830 56,070 431,580 RECREATION 1,082,015 CABLE AUTHORITY 107,785 HUMAN RIGHTS 99,545 HUMAN RESOURCES 338,570 ENGINEERING & FLOODWALL 1,740,035 DEBT SERVICE / E911ffII;COM 2,407,965 PENSIONS 93,600 1,847,600 1,941,200 GRANT MATCH 0 SPECIAL PROJECTS 0 CASH CARRY FORWRD/RESRV 3,300 69,460 420 FUND TRANSFERS OUT 78,935 2,296,000 TOTAL APPROPRIATIONS 3,300 0 1 3,903,830 1 56,070 220,875 432,000 FY2004 FLEET TRUST FUND (71) INSUR FUND (72) HEALTH INS TRUST FUND (73) AEPF PENSION FUNDS (76) PFPF PENSION FUNDS (77) TOTAL ALL FUNDS APPROPRIATIONS: GENERAL GOVERNMENT 1,380,560 FINANCE 555,300 1,049,560 3,301,670 5,727,665 INFORMATION SYSTEMS 242,845 INSPECTIONS 750,680 PLANNING 2,565,625 POLICE 6,957,465 FIRE 5,126,200 PUBLIC WORKS 9,432,920 RECREATION 1,082,015 CABLE AUTHORITY 107,785 HUMAN RIGHTS 99,545 HUMAN RESOURCES 338,570 ENGINEERING & FLOODWALL 1,740,035 DEBT SERVICE / E911/TELCOM 2,407,965 PENSIONS 93,600 1,847,600 1,941,200 GRANT MATCH 0 SPECIAL PROJECTS 0 CASH CARRY FORWRD/RESRV 372,815 446,120 FUND TRANSFERS OUT 2,296,000 TOTAL APPROPRIATIONS 928,115 1,049,560 3,301,670 93,600 1,847,600 42,643,195 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. 4 F:Uon\Word\Budget\Budget Ord FY2004, 2003-06-XXXX, original 517 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. 5 F:Von\Word\Budget\Budget Ord FY2004, 2003-06-XXXX, original 518 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 (hese 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. Mayor ATTEST: xf &0a Tammara Brock, City Clerk Introduced by the Board of Commissioners, June 10, 2003 Adopted by the Board of Commissioners,,June 24, 2003 Recorded by Tammara Brock, City Clerk, June _ZL, 2003 Published by The Paducah Sun, July 2, 2003 6 F:Von\Word\Budget\Budget Ord FY2004, 2003-06-XXXX, original