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Home My WebLink About2013-06-8042ORDINANCE NO. 2013-6-8042 AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2013, THROUGH JUNE 30, 2014, BY ESTIMATING REVENUES AND RESOURCES AND APPROPRIATING FUNDS 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 following estimate of revenues and resources is adopted as the City of Paducah, Kentucky Revenue Budget for Fiscal Year 2013 - 2014. C:\Documents and Settings\tammy\Local Settings\Temporary Internet Files\Content.Outlook\ZKT4S6ME\Ordinance Original June 12 2013 - FY2014\Ordinance MUNICIPAL GENERAL FY2014 FY2014 COURT AID E911 AWARDS GENERAL PROGRAM INVESTMENT CDBG HOME FUND FUND FUND FUND FUND FUND 40 01 03 04 06 08 SOURCES: 100,000 202,270 REVENUES: CASH FROM FUND RESERVE 246,060 790,680 PROPERTY TAXES 48,000 REVENUES: LISC, PERMITS, PROPERTY TAXES 5,802,500 OTHER TAXES 690,000 565,000 LISC, PERMITS, GRANTS, CONTRIBUTIONS 369,985 5,740,000 OTHER TAXES 22,286,750 550,000 4,617,000 PROP RENTAL & SALES GRANTS, CONTRIBUTIONS 901,255 405,800 1,250,000 180,000 FINES & FORFEITURES 118,500 INTEREST INCOME 2,500 1,200 PROP RENTAL & SALES 413,860 RECREATION, OTHER FEES 272,000 CHARGES FOR SERVICES 627,185 INTEREST INCOME 105,000 8,000 TOTAL REVENUES 1,062,485 RECREATION, OTHER FEES 105,000 5,740,000 FUND TRANSFERS IN 526,115 MISCELLANEOUS 26,500 1 114,000 TOTAL SOURCES L 1,688,600 25,200 3,354,925 7,751,680 TOTAL REVENUES 30,386,550 558,000 4,617,000 1,364,000 452,000 FUND TRANSFERS IN 543,720 563,000 TOTAL SOURCES 31,176,330 1,121,000 5,407,680 1,364,000 500,000 C:\Documents and Settings\tammy\Local Settings\Temporary Internet Files\Content.Outlook\ZKT4S6ME\Ordinance Original June 12 2013 - FY2014\Ordinance GENERAL FY2014 COURT DEBT E911 AWARDS SERVICE CIP FUND FUND FUND FUND 12 13 30 40 SOURCES: CASH FROM FUND RESERVE 100,000 202,270 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES 690,000 565,000 GRANTS, CONTRIBUTIONS 369,985 5,740,000 FINES & FORFEITURES 24,000 PROP RENTAL & SALES 405,800 CHARGES FOR SERVICES 11,130 INTEREST INCOME 2,500 1,200 RECREATION, OTHER FEES MISCELLANEOUS TOTAL REVENUES 1,062,485 25,200 981,930 5,740,000 FUND TRANSFERS IN 526,115 2,170,725 2,011,680 TOTAL SOURCES L 1,688,600 25,200 3,354,925 7,751,680 C:\Documents and Settings\tammy\Local Settings\Temporary Internet Files\Content.Outlook\ZKT4S6ME\Ordinance Original June 12 2013 - FY2014\Ordinance FY2014 SOLID civic HEALTH AEPF/PFPF WASTE CENTER RENTAL RADIO INS TRUST FUND FUND FUND FUND FUND 50 62 63 64 SOURCES: (72 73) (76),(77),(84 SOURCES: CASH FROM FUND RESERVE 478,070 10,025 REVENUES: 7,110 204,815 46,400 PROPERTY TAXES REVENUES - LISC, PERMITS, PROPERTY TAXES OTHER TAXES LISC, PERMITS, GRANTS, CONTRIBUTIONS 33,700 OTHER TAXES FINES & FORFEITURES PROP RENTAL & SALES 20,000 33,000 134,430 137,275 CHARGES FOR SERVICES 4,312,000 INTEREST INCOME 35,000 PROP RENTAL & SALES 500 6,000 RECREATION, OTHER FEES 350,000 CHARGES FOR SERVICES 377,500 MISCELLANEOUS 925,505 3,559,400 95505 INTEREST INCOME 20,000 TOTAL REVENUES 4,400,700 33,000 134,430 143,275 FUND TRANSFERS IN 35,000 25,000 1 TOTAL SOURCES L 4,878,770 78,025 159,430 143,275 FY2014 FLEET FLEET HEALTH AEPF/PFPF SERVICE TRUST INSUR INS TRUST PENSION FUND FUND FUND FUND FUND 70 (71) (72 73) (76),(77),(84 SOURCES: CASH FROM FUND RESERVE 7,110 204,815 46,400 581,865 REVENUES - PROPERTY TAXES LISC, PERMITS, OTHER TAXES GRANTS, CONTRIBUTIONS FINES & FORFEITURES PROP RENTAL & SALES 500 754,270 350,000 CHARGES FOR SERVICES 377,500 925,505 3,559,400 95505 INTEREST INCOME 20,000 225,850 RECREATION, OTHER FEES MISCELLANEOUS 2501 1 TOTAL REVENUES 378,250 774,270 925,505 3,559,400 585,355 FUND TRANSFERS IN 148,770 20,000 411,845 TOTAL SOURCES 534,130 979,0851 991,905 1 3,559,400 1 1,579,065 C:\Documents and Settings\tammy\Local Settings\Temporary Internet Files\Content.Outlook\ZKT4S6ME\Ordinance Original June 12 2013 - FY2014\Ordinance , 1.-:':. - SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2013-2014. FY2014 GENERAL FUND 01 MUNICIPAL AID PROGRAM FUND 03 INVESTMENT FUND 04 CDBG FUND 06 HOME FUND 08 APPROPRIATIONS: GENERAL GOVERNMENT GENERAL GOVERNMENT 1,410,255 136,430 FINANCE FINANCE 979,580 PRDA PRDA 123,725 INFORMATION SYSTEMS 668,170 290,000 POLICE PLANNING 756,290 1,364,000 500,000 POLICE 9,257,450 ENG/PUBLIC WORKS FIRE 7,774,595 PARKS SERVICES ENG/PUBLIC WORKS 3,711,885 1,121,000 PARKS SERVICES 2,867,430 ENGINEERING CABLE AUTHORITY 81,595 HUMAN RESOURCES HUMAN RIGHTS 41,970 MAIN STREET ENGINEERING 1,112,320 INVESTMENT FUND HUMAN RESOURCES 302,290 1,688,600 3,354,925 MAIN STREET 448,320 FLEET MAINTENANCE INVESTMENT FUND 886,000 PENSIONS DEBT SERVICE / E911 CASH CARRY FORWRD/RESRV SOLID WASTE OPERATION FUND TRANSFERS OUT FLEET MAINTENANCE TOTAL APPROPRIATIONS PENSIONS 25,200 1 3,354,925 7,751,680 CASH CARRY FORWRD/RESRV FUND TRANSFERS OUT 1,640,455 4,521,680 TOTAL APPROPRIATIONS 31,176,330 1,121,000 5,407,680 1,364,000 500,000 FY2014 E911 FUND 12) COURT AWARDS FUND 13 GENERAL DEBT SERVICE FUND 30 CII' FUND 40 APPROPRIATIONS: GENERAL GOVERNMENT 136,430 FINANCE 6,250 PRDA INFORMATION SYSTEMS PLANNING 290,000 POLICE 25,200 FIRE ENG/PUBLIC WORKS 6,336,000 PARKS SERVICES 783,000 CABLE AUTHORITY HUMAN RIGHTS ENGINEERING HUMAN RESOURCES MAIN STREET 200,000 INVESTMENT FUND DEBT SERVICE / E911 1,688,600 3,354,925 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV FUND TRANSFERS OUT TOTAL APPROPRIATIONS 1 1,688,600 25,200 1 3,354,925 7,751,680 C:\Documents and Settings\tammy\Local Settings\Temporary Internet Files\Content.Outlook\ZKT4S6ME\Ordinance Original June 12 2013 - FY2014\Ordinance FY2014 SOLID WASTE FUND 50 civic CENTER FUND 62 RENTAL FUND 63 RADIO FUND 64 APPROPRIATIONS: APPROPRIATIONS: GENERAL GOVERNMENT GENERAL GOVERNMENT FINANCE FINANCE 70,135 PRDA 10,300 PRDA INFORMATION SYSTEMS PLANNING POLICE PLANNING FIRE POLICE ENG/PUBLIC WORKS 105,710 PARKS SERVICES 78,025 ENG/PUBLIC WORKS CABLE AUTHORITY HUMAN RIGHTS ENGINEERING CABLE AUTHORITY HUMAN RESOURCES HUMAN RIGHTS MAIN STREET ENGINEERING INVESTMENT FUND HUMAN RESOURCES DEBT SERVICE / E911 991,905 3,559,400 SOLID WASTE OPERATION 4,638,770 FLEET MAINTENANCE INVESTMENT FUND PENSIONS DEBT SERVICE / E911 CASH CARRY FORWRD/RESRV SOLID WASTE OPERATION 73,140 FUND TRANSFERS OUT 240,000 53,720 FLEET MAINTENANCE 534,130 TOTAL APPROPRIATIONS 1 4,878,770 1 78,025 159,430 1:143,275 FY2014 FLEET SERVICE FUND 70 FLEET TRUST FUND 71 INSUR FUND 72 HEALTH INS TRUST FUND 73) AEPF/PFPF PENSION FUND (76),(77),(84 APPROPRIATIONS: GENERAL GOVERNMENT FINANCE 979,085 10,300 PRDA INFORMATION SYSTEMS PLANNING POLICE FIRE ENG/PUBLIC WORKS PARKS SERVICES CABLE AUTHORITY HUMAN RIGHTS ENGINEERING HUMAN RESOURCES 991,905 3,559,400 MAIN STREET INVESTMENT FUND DEBT SERVICE / E911 SOLID WASTE OPERATION FLEET MAINTENANCE 534,130 PENSIONS 1,568,765 CASH CARRY FORWRD/RESRV FUND TRANSFERS OUT TOTAL APPROPRIATIONS 534,130 979,085 991,905 3,559,400 1,579,065 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 Citys 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 Investment Fund's minimum undesignated cash balance shall be 8% of the Investment 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 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. C:\Documents and Settings\tammy\Local Settings\Temporary Internet Files\Content.Outlook\ZKT4S6ME\Ordinance Original June 12 2013 - FY2014\Ordinance — - - .r r , -r --Tl -- c-:-- 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 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. 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 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. J. The City will provide to all eligible employees a $727.00 per month credit (for the months of July - December 2013) to be applied to the Comprehensive Health Insurance Benefit Plan (Cafeteria Plan) as directed by the employee. In January 2014, this monthly credit may be adjusted by the City Commission as they see fit. K. The City will maintain a special fund called Investment Fund. The Investment Fund will be funded with a 1/2 cent increase in the City's occupational license fee (employee payroll withholding tax). This fund is dedicated to the following expenditures related to: economic development, neighborhood re -development, infrastructure capital investment and property tax relief. 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 these 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: Tarmnara Brock, City Clerk Introduced by the Board of Commissioners, June 11, 2013 Adopted by the Board of Commissioners, June 25, 2013 Recorded by Tammara Brock, City Clerk, June 25, 2013 Published by The Paducah Sun, July 5, 2013 C:\Documents and Settings\tammy1ocal Settings\Temporary Internet Files\Content.OuUook\ZKT4S6ME\Ordinance Original June 12 2013 - FY2014\Ordinance