HomeMy WebLinkAbout2014-06-8155ORDINANCE NO. 2014-6-8155
259
AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2014, THROUGH JUNE
30, 2015, 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 2014-2015.
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MUNICIPAL
GENERAL
FY2015
FY2015
COURT
AID
E911
AWARDS
GENERAL
PROGRAM
INVESTMENT
CDBG
HOME
FUND
FUND
FUND
FUND
FUND
FUND
(40)
(01)
(03)
(04)
(06)
(08)
SOURCES.-
OURCES:CASH
5,250
370,000
REVENUES:
CASHFROM FUND RESERVE
1,112,685
151,200
271,640
PROPERTY TAXES
REVENUES:
LISC, PERMITS,
PROPERTY TAXES
5,993,000
OTHER TAXES
640,000
581,720
L1SC, PERMITS,
GRANTS, CONTRIBUTIONS
473,860
4,791,000
OTHER TAXES
23,266,750
680,000
4,775,000
PROP RENTAL & SALES
GRANTS, CONTRIBUTIONS
898,715
1,250,000
FINES & FORFEITURES
115,725
INTEREST INCOME
1,250
500
PROP RENTAL & SALES
424,600
RECREATION, OTHER FEES
CHARGES FOR SERVICES
645,985
INTEREST INCOME
100,000
8,000
TOTAL REVENUES
1,115,110
RECREATION, OTHER FEES
115,200
4,791,000
FUND TRANSFERS IN
568,925
MISCELLANEOUS
28,000
TOTAL SOURCES
1,684,035
25,750
3,173,080
1 7,664,250
TOTAL REVENUES
31,587,975
688,000
4,775,000
1,250,000
FUND TRANSFERS IN
484,500
800,000
265,750
TOTAL SOURCES
33,185,160
1,639,200
5,312,390
1 1,250,000
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GENERAL
FY2015
COURT
DEBT
E911
AWARDS
SERVICE
CII'
FUND
FUND
FUND
FUND
(12)
(13)
(30)
(40)
SOURCES:
CASH FROM FUND RESERVE
5,250
370,000
REVENUES:
PROPERTY TAXES
LISC, PERMITS,
OTHER TAXES
640,000
581,720
GRANTS, CONTRIBUTIONS
473,860
4,791,000
FINES & FORFEITURES
20,000
PROP RENTAL & SALES
CHARGES FOR SERVICES
197,040
INTEREST INCOME
1,250
500
RECREATION, OTHER FEES
MISCELLANEOUS
TOTAL REVENUES
1,115,110
20,500
778,760
4,791,000
FUND TRANSFERS IN
568,925
2,394,320
2,503,250
TOTAL SOURCES
1,684,035
25,750
3,173,080
1 7,664,250
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260
FY2015
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
507,565
10,025
REVENUES:
8,090
1,002,980
400
PROPERTY TAXES
REVENUES:
LISC, PERMITS,
PROPERTY TAXES
OTHER TAXES
LISC, PERMITS,
GRANTS, CONTRIBUTIONS
30,000
OTHER TAXES
FINES & FORFEITURES
PROP RENTAL & SALES
7,500
36,000
134,920
123,940
CHARGES FOR SERVICES
4,350,000
INTEREST INCOME
17,500
PROP RENTAL & SALES
3,000
RECREATION, OTHER FEES
350,000
CHARGES FOR SERVICES
347,500
MISCELLANEOUS
965,095
3,771,700
9,615
INTEREST INCOME
12,500
TOTAL REVENUES
4,405,000
36,000
134,920
126,940
FUND TRANSFERS IN
35,700
250
TOTAL SOURCES
4,912,565
81,725
134,920
126,940
FY2015
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
8,090
1,002,980
400
546,235
REVENUES:
PROPERTY TAXES
LISC, PERMITS,
OTHER TAXES
GRANTS, CONTRIBUTIONS
FINES & FORFEITURES
PROP RENTAL & SALES
808,720
350,000
CHARGES FOR SERVICES
347,500
965,095
3,771,700
9,615
INTEREST INCOME
12,500
225,500
RECREATION, OTHER FEES
MISCELLANEOUS
250
TOTAL REVENUES
347,750
821,220
965,095
3,771,700
585,115
FUND TRANSFERS IN
190,065
55,000
375,150
TOTAL SOURCES
545,905
1,824,200
1,020,495
3,771,700
1,506,500
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SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2014-2015.
261
FY2015
GENERAL
FUND
01
MUNICIPAL
AID
PROGRAM
FUND
03
INVESTMENT
FUND
04
CDBG
FUND
06
HOME
FUND
08
APPROPRIATIONS:
GENERAL GOVERNMENT
GENERAL GOVERNMENT
1,451,810
675,000
FINANCE
FINANCE
998,985
PRDA
PRDA
153,020
INFORMATION SYSTEMS
697,880
499,250
POLICE
PLANNING
918,180
108,000
1,250,000
POLICE
9,557,065
77,500
ENG/PUBLIC WORKS
FIRE
8,025,825
PARKS SERVICES
ENG/PUBLIC WORKS
3,852,550
1,639,200
PARKS SERVICES
3,120,155
ENGINEERING
CABLE AUTHORITY
85,580
HUMAN RESOURCES
HUMAN RIGHTS
41,970
INVESTMENT FUND
ENGINEERING
1,174,785
DEBT SERVICE / E911
1,683,825
3,173,080
HUMAN RESOURCES
309,085
INVESTMENT FUND
728,000
PENSIONS
DEBT SERVICE / E911
CASH CARRY FORWRD/RESRV
210
SOLID WASTE OPERATION
FUND TRANSFERS OUT
FLEET MAINTENANCE
PENSIONS
1,684,035
25,750
3,173,080
7,664,250
CASH CARRY FORWRD/RESRV
FUND TRANSFERS OUT
2,798,270
4,584,390
TOTAL APPROPRIATIONS
33,185,160
1 1,639,200
1 5,312,390
1,250,000
FY2015
E911
FUND
12
COURT
AWARDS
FUND
13
GENERAL
DEBT
SERVICE
FUND
30
CIP
FUND
40
APPROPRIATIONS:
GENERAL GOVERNMENT
675,000
FINANCE
PRDA
250,000
INFORMATION SYSTEMS
PLANNING
499,250
POLICE
25,750
108,000
FIRE
77,500
ENG/PUBLIC WORKS
5,944,500
PARKS SERVICES
110,000
CABLE AUTHORITY
HUMAN RIGHTS
ENGINEERING
HUMAN RESOURCES
INVESTMENT FUND
DEBT SERVICE / E911
1,683,825
3,173,080
SOLID WASTE OPERATION
FLEET MAINTENANCE
PENSIONS
CASH CARRY FORWRD/RESRV
210
FUND TRANSFERS OUT
TOTAL APPROPRIATIONS
1,684,035
25,750
3,173,080
7,664,250
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262
FY2015
SOLID
WASTE
FUND
50)
CIVIC
CENTER
FUND
62
RENTAL
FUND
63)
RADIO
FUND
64
APPROPRIATIONS.
PPROPRIATIONS:
GENERAL GOVERNMENT
GENERAL GOVERNMENT
FINANCE
FINANCE
61,060
PRDA
10,300
PRDA
INFORMATION SYSTEMS
PLANNING
POLICE
PLANNING
FIRE
POLICE
ENG/PUBLIC WORKS
84,920
PARKS SERVICES
81,725
ENG/PUBLIC WORKS
CABLE AUTHORITY
HUMAN RIGHTS
ENGINEERING
CABLE AUTHORITY
HUMAN RESOURCES
HUMAN RIGHTS
INVESTMENT FUND
ENGINEERING
DEBT SERVICE / E911
HUMAN RESOURCES
SOLID WASTE OPERATION
4,672,565
1,020,495
3,771,700
FLEET MAINTENANCE
PENSIONS
DEBT SERVICE / E911
CASH CARRY FORWRD/RESRV
SOLID WASTE OPERATION
65,880
FUND TRANSFERS OUT
240,000
50,000
545,905
TOTAL APPROPRIATIONS
r4,912,565
81,725
134,920
1 126,940
FY2015
FLEET
SERVICE
FUND
(70)
FLEET
TRUST
FUND
(71)
INSUR
FUND
(72)
HEALTH
INS TRUST
FUND
(73)
AEPF/PFPF
PENSION
FUND
76),(77),(84)
PPROPRIATIONS:
GENERAL GOVERNMENT
FINANCE
1,824,200
10,300
PRDA
INFORMATION SYSTEMS
PLANNING
POLICE
FIRE
ENG/PUBLIC WORKS
PARKS SERVICES
CABLE AUTHORITY
HUMAN RIGHTS
ENGINEERING
HUMAN RESOURCES
1,020,495
3,771,700
INVESTMENT FUND
DEBT SERVICE / E911
SOLID WASTE OPERATION
FLEET MAINTENANCE
545,905
PENSIONS
1,496,200
CASH CARRY FORWRD/RESRV
FUND TRANSFERS OUT
TOTAL APPROPRIATIONS
545,905
1,824,200
1,020,495
3,771,700
1,506,500
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 10% of the General Fund's budgeted expenditures. The Investment Fund's minimum
undesignated cash balance shall be 10% of the Investment Fund's budgeted expenditures. The Solid Waste Fund's minimum unreserved cash balance shall be 10% 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, but not less than $248,000.
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 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
calendar 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.
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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. All rolling stock is owned by the City's Fleet Trust Fund.
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 up to a $727.00 per month credit (for the months of July - December 2014) to be applied to the
Comprehensive Health Insurance Benefit Plan (Cafeteria Plan) as directed by the employee. In January 2015, 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.
V, ///Av
yor
ATTEST:
J
Tammara Sanderson, City Clerk
Introduced by the Board of Commissioners, June 10, 2014
Adopted by the Board of Commissioners, June 7,4„ 2014
Recorded by Tammara Sanderson, City Clerk, ;WV.YA 2014
Published by The Paducah Sun,
263
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