The URL can be used to link to this page

Home My WebLink About2025-06-8847ORDINANCE NO. 2025-06-8847 AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL OPERATING BUDGET FOR THE FISCAL YEAR JULY 1, 2025, THROUGH JUNE 30, 2026, 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 2026. 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, 2025 and ending June 30, 2026, 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, 2025 and ending June 30, 2026. Section 3. The City does hereby adopt the following financial management policies: A. The General Fund's minimum undesignated cash balance shall be 10% of the General Fund's budgeted appropriations. The Investment Fund's minimum undesignated cash balance shall be 10% of the Investment Fund's budgeted appropriations. The Solid Waste Fund's minimum unreserved cash balance shall be 10% of the Solid Waste's budgeted operating expenses. 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. 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. D. 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. E. 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. F. 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 non -enterprise funded rolling stock is owned by the City's Fleet Lease Trust Fund, and leased to respective departments for use. G. The City will maintain a self-insurance fund called Health Insurance Trust Fund through the use of user fees as set by administrative policy. H. 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 an unfunded liability. Funding is provided in the General Fund of this ordinance to further address the PFPF unfunded liability. K:\City Clerk\CITY CLERK\ORD\FINANCL.\Budget FY2026 Ordinance.Docx I. The City will provide to all eligible employees up to a $727 per month credit (for the months of July - December 2025) to be applied to the Comprehensive Health Insurance Benefit Plan (Cafeteria Plan) as directed by the employee. In January 2026, this monthly credit may be adjusted by the Board of Commissioners as recommended by the City Manager or his designee. J. 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 of the 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, and property tax relief. L. The Oak Grove Cemetery (PF0048) project will be funded in the following manner: 30% of all cemetery lot sales, and 30% 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 effective upon publication in full pursuant to KRS Chapter 424. George Bray, Mayor ATTEST: Lindsay Parish, y Clerk Introduced by the Board of Commissioners, May 27, 2025 Adopted by the Board of Commissioners, June 10, 2025 Recorded by Lindsay Parish, City Clerk, June 10, 2025 Published by The Paducah Sun, June 14, 2025 ORD\FINANCE\Budget FY2026 K:\City Clerk\CITY CLERK\0RDT1NANCE\Budget FY2026 Ordinance.Doex Run Gate: 5/22/2025 9:09 AM Total Expenditures $ 51,198,934 $ 50,427,989 S 11,947,805 S 5,567,361 S 8,497,063 5 9,322,642 $ 817,140 $ 137,778,934 Reserves Utilized (Beg. Cash) S (2,258,854) S (34,701,226) S - S (831,475) $ (1,343,019) $ (1,723,473) $ (75,715) S (40,933,762) KtlFinancelBUDGET-HOME18udgei%ONlnance1FY20261Ordinance original, July 1, 2025 (FY20261 Finance full varsionAto, Summaryby Type City of Paducab Annual Operating Budget for All Funds and Categories of Government Estimated Appropriations & Expenditures FY2026 (July 1, 2025 to June 30, 2026) Exhibit No. I General Special Capital Debt Enterprise Internal -Trust Fund Revenues Projects Service Funds Service Funds Total Sources: Pines $ 117,000 $ 30,000 $ - $ - $ - $ - $ - $ 147,000 Grants 986,815 0 - - 65,000 - - 1,051,815 Interest Income 1,500,000 404,500 - 77,000 151,000 318,500 125,500 2,576,500 Bond Proceeds - 0 - - - - - 0 Charges for Service 845,795 0 - - 6,792,500 5,573,341 0 13,211,636 Other Fees 57,000 239,750 - - 1,000 - 500 298,250 Occupational License 34,022,500 8,825,000 - 1,853,657 - - - 44,701,157 Permits & Fees 543,750 - - - 5,500 - 549,250 Property Rent 507,590 142,513 - 0 36,000 1,338,203 - 2,024,306 Property Turn 9,530,650 - - - - - - 9,530,650 Recreation Pees 147,000 - - - - - -. 147,000 Sales 27,000 - - - 73,000 25,000 320,425 445,425 Other Taxes - 3,585,000 3,585,000 Total $ 48,285,100 $ 13,226,763 $ - S 1,930,657 $ 7,124,000 $ 7,255,044 $ 446,425 $ 78,267,989 Fund Transfers In S 654,980 $ 2,500,000 $ 11,947,805 $ 2,805,229 $ 30,044 $ 344,125 S 295,000 $ 18,577,183 Total Sources $ 48,940,080 $ 15,726,763 $ 11,947,805 $ 4,735,886 S 7,154,044 $ 7,599,169 S 741,425 $96,845,172 Expenditures: Administration $ 2,780,410 $ - $ - $ - $ - $ - $ - $ 2,780,410 Finance 1,610,778 28,163,094 760,000 5,567,361 - 8,131,836 - 44,233,069 laformation Technology 2,124,648 - 35,000 - - - - 2,159,648 Customer Experience 619,159 - - - - - - 619,159 Planning 980,215 - 1,785,010 - - - - 2,765,225 Police 14,130,578 112,165 50,000 - - - - 14,292,743 Fire 12,369,870 - 285,000 - - - - 12,654,870 Public Works 5,267,042 3,116,000 800,000 - 7,536,024 1,092,826 - 17,811,892 Parks 4,590,617 - - - 444,544 - - 5,035,161 Cable Authority 89,540 - - - - - - 89,540 Human Rights 17,605 - - - - - 17,605 Engineering 2,225,722 - 5,550,000 - - - - 7,775,722 Human Resources 732,671 - - - - - - 732,671 Investment Fund - 1,532,900 - - - - - 1,532,900 E911 - 3,201,201 2,682,795 - - - - 5,883,996 Solid Waste - - - _ _ _ 0 Pensions - - - - - - 817,140 817,140 Fund Transfers Out 3,660,079 14,302,629 _ 516,495 97,980 - 18,577,183 Total Expenditures $ 51,198,934 $ 50,427,989 S 11,947,805 S 5,567,361 S 8,497,063 5 9,322,642 $ 817,140 $ 137,778,934 Reserves Utilized (Beg. Cash) S (2,258,854) S (34,701,226) S - S (831,475) $ (1,343,019) $ (1,723,473) $ (75,715) S (40,933,762) KtlFinancelBUDGET-HOME18udgei%ONlnance1FY20261Ordinance original, July 1, 2025 (FY20261 Finance full varsionAto, Summaryby Type Run Date: 5/22/2025 9:14 AM FUNDS GENERAL MAP INVESTMENT TIF E911 OPIOID COURT AWARDS ROOM TAX DEBT CIP BOND FUND SOLID WASTE TRANSIENT BOAT DOCK RENTAL FLEET MAINTENANCE FLEET LEASE TRUST INSURANCE HEALTH INSURANCE PFPF OTHER TRUSTS APPROPRIATIONS $ 51,198,934 3,116,000 7,887,440 123,000 3,343,495 53,096 112,165 1,855,000 5,567,361 11,947,805 33,795,280 8,052,519 444,544 142,513 1,092,826 2,853,765 1,330,581 4,045,470 731,715 85,425 $ 1372778,934 Page 1 K:\Fivance\BUDGET- HOME\Budget\Ordinance\FY2026\Ordinance original, July 1, 2025 (FY2026) Finance full versionDftmeation