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Home My WebLink About2011-6-7825ORDINANCE NO. 2011-6-7825 AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL BUDGET FOR THE FISCAL YEARJULY 1, 2011, THROUGH JUNE 30, 2012, 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 2011- �� 2012. MUNICIPAL GENERAL FY2012 AID DEBT SOLID GENERAL SMALL PROGRAM INVESTMENT CDBG HOME FUND GRANTS FUND FUND FUND FUND (01) (02) 03) (04) (06) (08) SOURCES: CASH FROM FUND RESERVE 652,330 100,000 650,000 335,320 124,270 REVENUES: PROPERTY TAXES 5,676,360 LISC, PERMITS, OTHER TAXES 21,265,800 777,000 500,000 4,330,000 GRANTS, CONTRIBUTIONS 1,038,905 362,080 1,218,360 226,000 FINES & FORFEITURES 136,500 27,000 PROP RENTAL & SALES 425,000 405,800 5,000 CHARGES FOR SERVICES 692,980 77,970 4,205,000 INTEREST INCOME 111,000 2,500 7,000 15,000 RECREATION, OTHER FEES 89,750 MISCELLANEOUS 8,5001 2,000 1 TOTAL REVENUES 29,444,795 1,143,580 507,000 4,330,000 1,218,360 226,000 FUND TRANSFERS IN 360,860 428,440 890,000 1,765,615 618,730 36,200 TOTAL SOURCES 30,457,985 01 1,397,000 1 4,980,000 1,218,360 262,200 GENERAL FY2012 COURT DEBT SOLID E911 AWARDS SERVICE CIP WASTE TELCOM FUND FUND FUND FUND FUND (11) (12) 13) (30) (40) (50) SOURCES: CASH FROM FUND RESERVE 81,695 100,000 335,320 124,270 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES 777,000 480,000 GRANTS, CONTRIBUTIONS 362,080 27,000 FINES & FORFEITURES 27,000 PROP RENTAL & SALES 405,800 5,000 CHARGES FOR SERVICES 126,225 77,970 4,205,000 INTEREST INCOME 2,500 800 15,000 RECREATION, OTHER FEES MISCELLANEOUS 2,000 TOTAL REVENUES 126,225 1,143,580 27,800 963,770 4,252,000 FUND TRANSFERS IN 428,440 1,765,615 618,730 TOTAL SOURCES 207,920 1,672,020 1 27,800 1 2,729,385 954,050 4,376,270 FY2012 CIVIC MAINT AEPF/PFPF FLEET FLEET INS TRUST TRUST CENTER RENTAL RADIO SERVICE TRUST INSUR FUND FUND FUND FUND FUND FUND FUND 62) (63) (64) (70) (71) (72) SOURCES: 50,000 REVENUES: CASH FROM FUND RESERVE 10,400 LISC, PERMITS, REVENUES: OTHER TAXES PROPERTY TAXES GRANTS, CONTRIBUTIONS FINES & FORFEITURES LISC, PERMITS, PROP RENTAL & SALES 8,000 OTHER TAXES 1,200 CHARGES FOR SERVICES 3,484,000 GRANTS, CONTRIBUTIONS 204,800 500 RECREATION, OTHER FEES FINES & FORFEITURES MISCELLANEOUS PROP RENTAL & SALES 32,000 101,885 116,755 2,100 809,775 3,484,000 CHARGES FOR SERVICES 714,100 23,000 FUND TRANSFERS IN 369,000 921,655 INTEREST INCOME 2,700 33,000 L3,484,000 RECREATION, OTHER FEES 1 1,756,645 1 273,000 MISCELLANEOUS 1,500 TOTAL REVENUES 32,000 101,885 119,455 372,600 842,775 921,655 FUND TRANSFERS IN 43,355 144,920 20,000 TOTAL SOURCES 1 85,755 101,885 1 119,455 517,520 842,775 941,655 FY2012 HEALTH MAINT AEPF/PFPF INS TRUST TRUST PENSION PRA FUND FUND FUND FUND (73) (74) (76),(77),(84) (80) SOURCES: CASH FROM FUND RESERVE 662,235 50,000 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES GRANTS, CONTRIBUTIONS FINES & FORFEITURES PROP RENTAL & SALES 8,000 509,300 1,200 CHARGES FOR SERVICES 3,484,000 INTEREST INCOME 204,800 500 RECREATION, OTHER FEES MISCELLANEOUS 21,300 TOTAL REVENUES 3,484,000 8,000 714,100 23,000 FUND TRANSFERS IN 380,310 200,000 TOTAL SOURCES L3,484,000 8,000 1 1,756,645 1 273,000 SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2011-2012. FY2012 GENERAL FUND O1) SMALL GRANTS 02 MUNICIPAL AID PROGRAM FUND (03) INVESTMENT FUND 04 CDBG FUND (06) HOME FUND (08 APPROPRIATIONS: GENERAL GOVERNMENT 1,534,015 166,430 FINANCE 984,260 PRDA 131,410 INFORMATION SYSTEMS 589,350 INSPECTIONS 923,145 65,000 PLANNING 756,090 1,218,360 262,200 POLICE 9,122,060 10,800 30,000 FIRE 6,518,315 ENG/PUBLIC WORKS 3,705,925 PARKS SERVICES 2,877,105 368,050 CABLE AUTHORITY 84,030 HUMAN RIGHTS 48,430 ENGINEERING 1,114,930 1,397,000 85,000 HUMAN RESOURCES 298,985 PRA 253,975 INVESTMENT FUND 1,918,390 DEBT SERVICE / E911 1,672,020 2,729,385 SOLID WASTE OPERATION 4,136,270 FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV 17,000 FUND TRANSFERS OUT 1,515,960 3,061,610 240,000 TOTAL APPROPRIATIONS 30,457,985 0 1,397,000 4,980,000 1 1,218,360 262,200 FY2012 TELCOM (11) E911 FUND (12) COURT AWARDS FUND (13) GENERAL DEBT SERVICE FUND 30) CIP FUND (40) SOLID WASTE FUND (50) APPROPRIATIONS: GENERAL GOVERNMENT 166,430 FINANCE PRDA INFORMATION SYSTEMS 207,920 INSPECTIONS 65,000 PLANNING 239,570 POLICE 10,800 30,000 FIRE ENG/PUBLIC WORKS PARKS SERVICES 368,050 CABLE AUTHORITY HUMAN RIGHTS ENGINEERING 85,000 HUMAN RESOURCES PRA INVESTMENT FUND DEBT SERVICE / E911 1,672,020 2,729,385 SOLID WASTE OPERATION 4,136,270 FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV 17,000 FUND TRANSFERS OUT 240,000 TOTAL APPROPRIATIONS 207,920 1,672,020 27,800 2,729,385 954,050 4,376,270 FY2012 CMC CENTER FUND (62) RENTAL FUND (63) RADIO FUND (64) FLEET SERVICE FUND (70) FLEET TRUST FUND (71) INSUR FUND (72) APPROPRIATIONS: GENERAL GOVERNMENT GENERAL GOVERNMENT FINANCE PRDA FINANCE 50,525 INFORMATION SYSTEMS 128,600 PRDA INSPECTIONS INFORMATION SYSTEMS POLICE INSPECTIONS FIRE PLANNING ENG/PUBLIC WORKS 8,000 PARKS SERVICES POLICE CABLE AUTHORITY FIRE HUMAN RIGHTS ENG/PUBLIC WORKS 31,025 HUMAN RESOURCES 3,102,405 PARKS SERVICES 85,755 PRA CABLE AUTHORITY INVESTMENT FUND DEBT SERVICE / E911 HUMAN RIGHTS SOLID WASTE OPERATION ENGINEERING FLEET MAINTENANCE HUMAN RESOURCES 1,756,645 CASH CARRY FORWRD/RESRV 941,335 PRA FUND TRANSFERS OUT INVESTMENT FUND TOTAL APPROPRIATIONS 3,484,000 DEBT SERVICE / E911 1,756,645 273,000 SOLID WASTE OPERATION FLEET MAINTENANCE 517,520 PENSIONS CASH CARRY FORWRD/RESRV 68,930 714,175 320 FUND TRANSFERS OUT 70,860 TOTAL APPROPRIATIONS 85,755 101,885 119,455 517,520 1 842,775 941,655 FY2O12 HEALTH INS TRUST FUND (73) MAINT TRUST FUND (74) AEPF/PFPF PENSION FUND (76),(77),(84) PRA FUND (80) APPROPRIATIONS: GENERAL GOVERNMENT FINANCE PRDA INFORMATION SYSTEMS INSPECTIONS PLANNING POLICE FIRE ENG/PUBLIC WORKS 8,000 PARKS SERVICES CABLE AUTHORITY HUMAN RIGHTS ENGINEERING HUMAN RESOURCES 3,102,405 PRA 273,000 INVESTMENT FUND DEBT SERVICE / E911 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS 1,756,645 CASH CARRY FORWRD/RESRV 381,595 FUND TRANSFERS OUT TOTAL APPROPRIATIONS 3,484,000 8,000 1,756,645 273,000 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 8% of the General 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. 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 fiscal year 2009 recession 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 $716.25 per month credit (for the months of July - December 2011) to be applied to the Comprehensive Health Insurance Benefit Plan (Cafeteria Plan) as directed by the employee. In January 2012, this monthly credit will 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: 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. P,rTTES��N V/T/ammara S. Brock, City Clerk Introduced by the Board of Commissioners, June 14, 2011 Adopted by the Board of Commissioners, June 28, 2011 Recorded by Tammara Brock, City Clerk, June 28, 2011 Published by The Paducah Sun, July 4, 2011 \excel\Budget FY2012 --r 1 7— - — __- — .-- — -- ——�