HomeMy WebLinkAbout2024-07-8817ORDINANCE NO. 2024 -07-8817
AN ORDINANCE ADOPTING THE ANNUAL OPERATING BUDGET FOR
THE PADUCAH KENTUCKY SECTION 8 HOUSING CHOICE VOUCHER
PROGRAM FOR THE FISCAL YEAR JULY 1, 2024, THROUGH JUNE 30,
2025, BY ESTIMATING REVENUES AND RESOURCES AND
APPROPRIATING FUNDS FOR THE OPERATION OF SAID PROGRAM
WHEREAS, pursuant to 24 CFR § 990.315 the Section 8 Housing Choice Voucher
Program is required to submit approval of its operating budget to the US Department of Housing
and Urban Development (hereinafter "HUD"); and,
WHEREAS, said annual operating budget must be approved by the Paducah City
Commission.
WHEREAS, the Board of Commissioners has reviewed the proposed Annual Operating
Budget for the Paducah Section 8 Housing Choice Voucher Program and desires to adopt it for
Fiscal Year 2025.
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, 2024, and
ending June 30, 2025, for the Section 8 Housing Choice Voucher Program as set forth in Exhibit
A attached hereto is hereby adopted.
Section 2. 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 3. All prior Municipal Orders or Ordinances or parts of any Municipal Order or
Ordinance in conflict herewith are hereby repealed.
Section 4. This ordinance shall be read on two separate days and will become effective
upon publication in full pursuant to KRS Chapter 424.
George Bray, Mayor
ATTES 4Parislity�Clerk
Lindsay
Introduced by the Board of Commissioners, June 25, 2024
Adopted by the Board of Commissioners, July 9, 2024
Recorded by Claudia S. Meeks, Assistant City Clerk, July 9, 2024
Published by The Paducah Sun, July 12, 2024
ORD/FIN/Budget Section 8 FY24-25
Exhibit A
Budget Section 8
Start Date 07/01/2024 TO 06/30/2025
Beginning Balance Estimate $ 298,875.00
YR end
Ralance
ACCOUNT NAME
ACCOUNT #
Budget
12 MONTH
EXPENSE
ENDING
BALANCE
NON -TECH Salaries
4110
$ 125,000.00
$ 125,000.00
Legal Fees
4130
$ 1,500.00
$ 1,500.00
Staff Training
4140
$ 5,000.00
$ 5,000.00
Travel
Reimbursement Paid
to staff
4150
$ 650.00
$ 650.00
Travel in Town
4150.1
$ 200.00
$ 200.00
Purchase New
Vehicle
4150.4
$ -
$ -
Accounting Fees
4170
$ 7,800.00
$ 7,800.00
Audit Fees
4171
$ 5,000.00
$ 5,000.00
Employee Benefits
4182
$ 64,000.00
$ 64,000.00
Office Supplies
4190.01
$ 3,650.00
$ 3,650.00
Postage
4190.03
$ 2,500.00
$ 2,500.00
Printing
4190.07
$ 1,250.00
$ 1,250.00
Advertising
4190.08
$ 525.00
$ 525.00
Inspection Services
4190.09
$ 22,500.00
$ 22,500.00
Membership
Dues/Fees
4190.12
$ 1,800.00
$ 1,800.00
Telephone
4190.13
$ 3,000.00
$ 3,000.00
Forms & Office
Supplies
4190.17
$ 350.00
$ 350.00
Misc/Fees/Late
Pymts/Pics
4190.18
$ 200.00
$ 200.00
Administrative
Contracts/Wilson
copy
4190.19
$ 8,500.00
$ 8,500.00
Sundry Computer
under $2500
4190.21
$ 100.00
$ 100.00
Outside Management
Fees
4195
$ 25,000.00
$ 25,000.00
Maintenance &
Operation
4400
$ 925.00
$ 925.00
Automobile
Insurance
4510.03
$ 925.00
$ 925.00
Extraordinary
Maintenance
4610
$ 3,500.00
$ 3,500.00
Tem sPlus
4195
$ 15,000.00
$ 15,000.00
Total
$ 298,875.00
$ 298,875.00