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HomeMy WebLinkAbout2015-12-8340ORDINANCE NO. 2015-12-8340 AN ORDINANCE REPEALING ORDINANCE 2014-6-8155 AND ADOPTING THE CITY OF PADUCAH, KENTUCKY, REVISED 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. That the City of Paducah hereby repeals Ordinance NO. 2014-6-8155 and adopts the following estimate of revenues and resources as the City of Paducah, Kentucky Revenue Budget for Fiscal Year 2014-2015. R:\City Clerk\TammyStufl\Excepbudget 2014-2015-final-revised\Ordinance -- -- -- r-,., -r- - - MUNICIPAL GENERAL FY2015 AID DEBT GENERAL PROGRAM INVESTMENT CDBG HOME FUND FUND FUND FUND FUND (01) (03) (04 06 08) SOURCES. CASH FROM FUND RESERVE 138,275 83,800 REVENUES. - PROPERTY TAXES 6,595,300 LISC, PERMITS, OTHER TAXES 23,140,585 592,240 4,664,150 GRANTS, CONTRIBUTIONS 866,010 237,500 FINES & FORFEITURES 102,995 38,570 PROP RENTAL & SALES 414,405 289,000 127,645 (3,370) CHARGES FOR SERVICES 672,125 52,540 17,940 INTEREST INCOME 124,890 9,630 5,095 RECREATION, OTHER FEES 115,395 64,920 279,030 4,225,000 MISCELLANEOUS 251,880 TOTAL REVENUES 32,283,585 601,870 4,729,070 237,500 (3,370) FUND TRANSFERS IN 549,465 800,000 315,750 4,378,605 TOTAL SOURCES 32,971,325 1,401,8701 5,044,820 1 237,500 80,430 R:\City Clerk\TammyStufl\Excepbudget 2014-2015-final-revised\Ordinance -- -- -- r-,., -r- - - GENERAL FY2015 COURT DEBT E911 AWARDS SERVICE CEP BOND FUND FUND FUND FUND FUND 12 13 (30) 40 42 SOURCES. CASH FROM FUND RESERVE 105 REVENUES - PROPERTY TAXES LISC, PERMITS, OTHER TAXES 629,040 581,720 GRANTS, CONTRIBUTIONS 427,975 1,618,610 FINES & FORFEITURES 38,570 PROP RENTAL & SALES 289,000 127,645 CHARGES FOR SERVICES 52,540 17,940 INTEREST INCOME 1,095 1,415 5,095 RECREATION, OTHER FEES 279,030 4,225,000 MISCELLANEOUS TOTAL REVENUES 1,058,110 39,985 923,260 2,043,225 4,230,095 FUND TRANSFERS IN 518,525 2,200,815 4,378,605 TOTAL SOURCES L 1,576,740 39,985 1 3,124,075 1 6,421,830 1 4,230,095 R:\City Clerk\TammyStufl\Excepbudget 2014-2015-final-revised\Ordinance -- -- -- r-,., -r- - - 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 8,875 1,105 11,100 REVENUES: 515 244,240 PROPERTY TAXES REVENUES: LISC, PERMITS, PROPERTY TAXES OTHER TAXES LISC, PERMITS, GRANTS, CONTRIBUTIONS 42,545 OTHER TAXES FINES & FORFEITURES PROP RENTAL & SALES 42,185 43,485 139,930 120,095 CHARGES FOR SERVICES 4,453,860 INTEREST INCOME 39,520 PROP RENTAL & SALES 120 6,175 RECREATION, OTHER FEES 3,885 156,765 CHARGES FOR SERVICES 350,715 MISCELLANEOUS 958,100 3,751,410 12,285 INTEREST INCOME 27,805 TOTAL REVENUES 4,581,995 43,485 139,930 126,270 FUND TRANSFERS IN 100 45,985 6,475 TOTAL SOURCES 4,581,995 98,345 1 147,510 137,370 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 515 244,240 798,975 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES GRANTS, CONTRIBUTIONS FINES & FORFEITURES PROP RENTAL & SALES 120 753,030 156,765 CHARGES FOR SERVICES 350,715 958,100 3,751,410 12,285 INTEREST INCOME 27,805 190,380 RECREATION, OTHER FEES 570 100 MISCELLANEOUS 110 TOTAL REVENUES 350,945 780,835 958,100 3,751,980 359,530 FUND TRANSFERS IN 189,385 72,830 385,165 TOTAL SOURCES 540,330 780,835 1 1,031,445 1 3,996,220 1 1,543,670 RACity Clerk\TammyStuff\Eccel\budget 2014-2015-final-revised\Ordinance SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2014-2015. FY2015 GENERAL FUND (01) MUNICIPAL AID PROGRAM FUND (03) INVESTMENT FUND (04 CDBG FUND 06 HOME FUND (08 APPROPRIATIONS: GENERAL GOVERNMENT 1,370,230 990,120 FINANCE 967,845 PRDA 163,640 INFORMATION SYSTEMS 586,950 PLANNING 903,605 237,500 46,470 POLICE 9,036,165 17,420 159,160 FIRE 7,896,070 178,630 ENG/PUBLIC WORKS 3,908,685 1,147,955 2,138,680 PARKS SERVICES 2,843,480 224,636 CABLE AUTHORITY 82,255 HUMAN RIGHTS 40,050 ENGINEERING 1,110,250 HUMAN RESOURCES 229,225 INVESTMENT FUND 662,965 DEBT SERVICE / E911 1,576,740 2,975,605 4,225,000 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS OTHER (PJC, LEAVE ACCRUAL) 165,635 CASH CARRY FORWRD/RESRV 253,915 55,890 1,459,000 5,095 FUND TRANSFERS OUT 3,667,240 1 4,325,965 1 33,960 TOTAL APPROPRIATIONS 32,971,325 1,401,870 5,044,820 1 237,500 80,430 FY2015 E911 FUND 12 COURT AWARDS FUND 13 GENERAL DEBT SERVICE FUND (30) CIP FUND (40) BOND FUND 42 APPROPRIATIONS: GENERAL GOVERNMENT 990,120 FINANCE PRDA INFORMATION SYSTEMS PLANNING 348,214 POLICE 17,420 159,160 FIRE 178,630 ENG/PUBLIC WORKS 2,138,680 PARKS SERVICES 224,636 CABLE AUTHORITY HUMAN RIGHTS ENGINEERING HUMAN RESOURCES INVESTMENT FUND DEBT SERVICE / E911 1,576,740 2,975,605 4,225,000 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS OTHER (PJC, LEAVE ACCRUAL) CASH CARRY FORWRD/RESRV 22,565 148,470 1,459,000 5,095 FUND TRANSFERS OUT 1 1 923,390 TOTAL APPROPRIATIONS 1,576,740 39,985 1 3,124,075 1 6,421,830 1 4,230,095 RACity Clerk\TammyStuff\Exceftudget 20142015-final-revised\Ordinance FY2015 SOLID WASTE FUND 50 CNIC CENTER FUND 62 RENTAL FUND 63 RADIO FUND (64 APPROPRIATIONS: APPROPRIATIONS.- PPROPRIATIONS.GENERAL GENERAL GOVERNMENT GENERALGOVERNMENT FINANCE FINANCE 47,370 PRDA 80,775 PRDA INFORMATION SYSTEMS PLANNING POLICE PLANNING FIRE POLICE ENG/PUBLIC WORKS 37,830 PARKS SERVICES 98,345 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 3,844,400 958,610 3,996,220 FLEET MAINTENANCE PENSIONS DEBT SERVICE / E911 OTHER (PJC, LEAVE ACCRUAL) SOLID WASTE OPERATION CASH CARRY FORWRD/RESRV 497,595 FLEET MAINTENANCE 535,495 FUND TRANSFERS OUT 1 240,000 1 109,680 90,000 TOTAL APPROPRIATIONS 1 4,581,995 98,345 147,510 137,370 FY2015 FLEET SERVICE FUND 70) FLEET TRUST FUND 71 INSUR FUND 72 HEALTH INS TRUST FUND 73) AEPF/PFPF PENSION FUND (76), 77 , 84 APPROPRIATIONS.- PPROPRIATIONS.GENERAL GENERALGOVERNMENT FINANCE 691,440 80,775 PRDA INFORMATION SYSTEMS PLANNING POLICE FIRE ENG/PUBLIC WORKS PARKS SERVICES CABLE AUTHORITY HUMAN RIGHTS ENGINEERING HUMAN RESOURCES 958,610 3,996,220 INVESTMENT FUND DEBT SERVICE / E911 SOLID WASTE OPERATION FLEET MAINTENANCE 535,495 PENSIONS 1,462,895 OTHER (PJC, LEAVE ACCRUAL) CASH CARRY FORWRD/RESRV 4,835 89,395 FUND TRANSFERS OUT 72,835 TOTAL APPROPRIATIONS 540,330 780,835 1,031,445 3,996,220 1,543,670 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. R:\City Clerk\TammyStufflExcel\budget 20142015-final-revised\Ordinance _._,1.-T . T ,- rte— ,._ �.,.; .rrr,. _ --. r r:r-r...-{...,.., rr—ll-�Fsrn-r-�.-:..,. 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. 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 Citv'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 bass; however, the multi-year recession starting in fiscal year 2009 reduced the funds 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 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. 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 related to: economic development, neighborhood re -development, infrastructure capital investment and property tax relief. M. The Finance Director or his designee shall place 20% of all cemetery lot sales and 5% of all crypt sales in the Oak Grove Cemetery project (PF0048). The City Manager or his designee shall be authorized to expend funds from the Oak Grove Cemetery project for the maintenance and upkeep of Oak Grove Cemetery infrastructure. 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. ATTEST: jam/ Tammara Sanderson, City Clerk Introduced by the Board of Commissioners, December 15, 2015 Adopted by the Board of Commissioners, December 17, 2015 Recorded by Tammara Sanderson, City Clerk, December 17, 2015 Published by The Paducah Sun, December 19, 2015 RACity Clerk\TammyStuf Exceltbudget 20142015-final-revised\Ordinance _. r - F --: _. —1. -- —'-r—nen. - — —i a.�-- '- _.