HomeMy WebLinkAbout2015-06-8254ORDINANCE NO. 2015-06-8254
AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2015, THROUGH
JUNE 30, 2016, 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 2015 -
2016.
MUNICIPAL
GENERAL
FY2016
AID
DEBT
GENERAL
PROGRAM
INVESTMENT
CDBG
FUND
FUND
FUND
FUND
(01)
(03)
(04)
(06)
SOURCES.-
OURCES:CASH
CASHFROM FUND RESERVE
295,780
289,200
1,100,000
REVENUES:
PROPERTY TAXES
6,153,500
LISC, PERMITS,
OTHER TAXES
23,239,500
480,000
4,800,000
GRANTS, CONTRIBUTIONS
871,315
750,000
FINES & FORFEITURES
109,500
30,000
PROP RENTAL & SALES
436,020
289,000
CHARGES FOR SERVICES
655,965
52,385
INTEREST INCOME
90,000
6,000
RECREATION, OTHER FEES
118,700
750,000
MISCELLANEOUS
29,500
TOTAL REVENUES
31,704,000
486,000
4,800,000
750,000
FUND TRANSFERS IN
469,950
825,000
261,000
125,000
TOTAL SOURCES
L 32,469,730
1,600,200
5,061,000
875,000
GENERAL
FY2016
COURT
DEBT
E911
AWARDS
SERVICE
CIP
FUND
FUND
FUND
FUND
(12)
(13
(30)
(40
SOURCES.-
OURCES:CASH
CASHFROM FUND RESERVE
20,750
1,100,000
REVENUES:
PROPERTY TAXES
LISC, PERMITS,
OTHER TAXES
615,000
583,320
GRANTS, CONTRIBUTIONS
487,930
11,749,000
FINES & FORFEITURES
30,000
PROP RENTAL & SALES
289,000
CHARGES FOR SERVICES
52,385
INTEREST INCOME
900
1,000
RECREATION, OTHER FEES
750,000
MISCELLANEOUS
TOTAL REVENUES
1,103,830
31,000
924,705
12,499,000
FUND TRANSFERS IN
588,490
2,092,230
2,959,680
TOTAL SOURCES
L 1,692,320
51,750
1 3,016,935
1 16,558,680
FY2016
FLEET
SOLID
civic
HjFUND
AEPF/PFPF
BOND
WASTE
CENTER
RENTAL
RADIO
FUND
FUND
FUND
FUND
FUND
(42)
(50)
62
(63)
(64
SOURCES:
CASH FROM FUND RESERVE
1,269,000
970,950
457,535
REVENUES.
PROPERTY TAXES
LISC, PERMITS,
OTHER TAXES
GRANTS, CONTRIBUTIONS
30,000
FINES & FORFEITURES
PROP RENTAL & SALES
75,000
40,000
134,920
123,940
CHARGES FOR SERVICES
347,500
4,368,000
1,107,150
3,762,660
9,915
INTEREST INCOME
2,000
28,000
4,800
RECREATION, OTHER FEES
3,000
MISCELLANEOUS
100
TOTAL REVENUES
2,000
4,504,000
40,000
134,920
128,740
FUND TRANSFERS IN
188,480
120,010
395,000
TOTAL SOURCES
L:l,271,000
5,474,950
160,0101
134,920
128,740
FY2016
FLEET
FLEET
HjFUND
AEPF/PFPF
SERVICE
TRUST
INSUR
IN
PENSION
FUND
FUND
FUND
FUND
(70
71
72
76 , 77 ,(84
SOURCES:
CASH FROM FUND RESERVE
8,000
1,635,995
457,535
REVENUES.-
EVENUES.PROPERTY
PROPERTYTAXES
LISC, PERMITS,
OTHER TAXES
GRANTS, CONTRIBUTIONS
FINES & FORFEITURES
PROP RENTAL & SALES
827,755
350,000
CHARGES FOR SERVICES
347,500
1,107,150
3,762,660
9,915
INTEREST INCOME
22,500
225,100
RECREATION, OTHER FEES
MISCELLANEOUS
100
TOTAL REVENUES
347,600
850,255
1,107,150
3,762,660
585,015
FUND TRANSFERS IN
188,480
60,000
395,000
TOTAL SOURCES
544,080
2,486,250
1 1,167,150
1 3,762,660
1 1,437,550
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SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2015-2016.
FY2016
GENERAL
FUND
01)
MUNICIPAL
AID
PROGRAM
FUND
03
INVESTMENT
FUND
04
CDBG
FUND
06
APPROPRIATIONS:
GENERAL GOVERNMENT
1,474,675
2,657,430
FINANCE
998,790
PRDA
134,165
INFORMATION SYSTEMS
667,530
PLANNING
914,290
875,000
POLICE
9,496,455
51,750
24,000
FIRE
8,049,275
70,000
ENG/PUBLIC WORKS
3,959,595
1,600,200
11,766,000
PARKS SERVICES
3,156,515
520,000
CABLE AUTHORITY
83,610
HUMAN RIGHTS
41,955
ENGINEERING
1,155,105
HUMAN RESOURCES
309,050
INVESTMENT FUND
690,500
DEBT SERVICE / E911
1,692,320
3,016,935
SOLID WASTE OPERATION
FLEET MAINTENANCE
PENSIONS
CASH CARRY FORWRD/RESRV
830
FUND TRANSFERS OUT
2,028,7204,369,670
125,000
TOTAL APPROPRIATIONS
32,469,730
1,600,200
5,061,000
1 875,000
FY2016
E911
FUND
12
COURT
AWARDS
FUND
(13)
GENERAL
DEBT
SERVICE
FUND
(30
CIP
FUND
40
APPROPRIATIONS:
GENERAL GOVERNMENT
2,657,430
FINANCE
PRDA
INFORMATION SYSTEMS
PLANNING
1,396,250
POLICE
51,750
24,000
FIRE
70,000
ENG/PUBLIC WORKS
11,766,000
PARKS SERVICES
520,000
CABLE AUTHORITY
HUMAN RIGHTS
ENGINEERING
HUMAN RESOURCES
INVESTMENT FUND
DEBT SERVICE / E911
1,692,320
3,016,935
SOLID WASTE OPERATION
FLEET MAINTENANCE
PENSIONS
CASH CARRY FORWRD/RESRV
FUND TRANSFERS OUT
125,000
TOTAL APPROPRIATIONS
1,692,320
51,750
3,016,935
16,558,680
FY2016
BOND
FUND
(42
SOLID
WASTE
FUND
(50)
CNIC
CENTER
FUND
(62
HFUND
RADIO
FUND
(64)
APPROPRIATIONS:
GENERAL GOVERNMENT
FINANCE
2,486,250
72,875
PRDA
INFORMATION SYSTEMS
PLANNING
POLICE
FIRE
ENG/PUBLIC WORKS
84,470
PARKS SERVICES
92,035
CABLE AUTHORITY
HUMAN RIGHTS
ENGINEERING
HUMAN RESOURCES
1,161,550
3,762,660
INVESTMENT FUND
DEBT SERVICE / E911
SOLID WASTE OPERATION
5,234,950
FLEET MAINTENANCE
544,080
PENSIONS
1,437,250
CASH CARRY FORWRD/RESRV
67,975
55,865
FUND TRANSFERS OUT
71,000
240,000
50,450
TOTAL APPROPRIATIONS
L1,271,0001
5,474,950
1 160,010
134,920
128,740
FY2016
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
2,486,250
300
PRDA
INFORMATION SYSTEMS
PLANNING
POLICE
FIRE
ENG/PUBLIC WORKS
PARKS SERVICES
CABLE AUTHORITY
HUMAN RIGHTS
ENGINEERING
HUMAN RESOURCES
1,161,550
3,762,660
INVESTMENT FUND
DEBT SERVICE / E911
SOLID WASTE OPERATION
FLEET MAINTENANCE
544,080
PENSIONS
1,437,250
CASH CARRY FORWRD/RESRV
5,600
FUND TRANSFERS OUT
TOTAL APPROPRIATIONS
1 544,080
2,486,250
1 1,167,150
1 3,762,660
1,437,550
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 minimum cash balance shall be not less than $400,000.
B. The City Manager is authorized to transfer appropriated amounts between funds, departmental budget line items, projects, between divisions of
departments, and between departments as shown in Section 2.
C. Appropriations designated as Commission contingency shall be obligated upon approval by the City Commission by municipal order.
D. Funds appropriated as Administrative contingency shall be obligated at the discretion of the City Manager, however, the City Commission shall be
notified five calendar days prior to obligation of the 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, or not proceed.
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 appropriation.
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G. As new vehicles are acquired, the City will fully fund the Fleet Trust Fund in order to replace rolling stock owned by the Fleet Trust 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. 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. The AEPF may be combined with the PFPF should it be determined, by the Finance
Director, that such a combination is administratively more effective and/or financially prudent.
J. 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
actuarially 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.
K. The City will provide to all eligible employees up to a $727.00 per month credit (for the months of July - December 2015) to be applied to the
Comprehensive Health Insurance Benefit Plan (Cafeteria Plan) as directed by the employee. In January 2016, this monthly credit may be adjusted by the City
Commission as recommended by the City Manager or his designee.
L. The City will maintain a special fund called Investment Fund, and is considered an extension of the General 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:
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:
Tammara Sanderson, City Clerk
Introduced by the Board of Commissioners, June 9, 2015
Adopted by the Board of Commissioners, June 16, 2015
Recorded by Tammara Sanderson, City Clerk, June 16, 2015
Published by The Paducah Sun, June 19, 2015