HomeMy WebLinkAbout2017-06-8487ORDINANCE NO. 2017-06-8487
AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2017, THROUGH
JUNE 30, 2018, 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 2017 -
2018.
R:\City ClerffammyStuff\Excel\Budget FY2018\Ordinance
MUNICIPAL
FY2018
COURT
AID
SOLID
GENERAL
PROGRAM
INVESTMENT
CDBG
E911
FUND
(01)
FUND
(03)
FUND
(04)
FUND
(06)
FUND
12
SOURCES.-
OURCES.CASH
CASHFROM FUND RESERVE
6,550
315,000
247,540
1,367,680
REVENUES.-
EVENUES.PROPERTY
PROPERTYTAXES
6,526,000
LISC, PERMITS,
OTHER TAXES
24,894,500
480,000
5,200,000
710,000
GRANTS, CONTRIBUTIONS
1,012,925
400,000
1,220,000
481,800
FINES & FORFEITURES
83,000
PROP RENTAL & SALES
431,375
289,000
50,000
CHARGES FOR SERVICES
674,510
51,535
28,000
INTEREST INCOME
95,000
3,000
900
RECREATION, OTHER FEES
104,000
3,000
LOANS, BOND PROCEEDS
7,500,000
MISCELLANEOUS
32,000
TOTAL REVENUES
33,853,310
483,000
5,200,000
1,220,000
1,220,700
FUND TRANFERS IN
550,000
1,031,350
10,904,320
567,990
TOTAL SOURCES
34,403,310
1 1,829,350
1 5,447,540
1,220,000
1,788,690
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GENERAL
FY2018
COURT
DEBT
SOLID
AWARDS
SERVICE
CII'
BOND
WASTE
FUND
13)
FUND
(30)
FUND
(40)
FUND
(42)
FUND
(50)
SOURCES:
CASH FROM FUND RESERVE
6,550
1,367,680
REVENUES.-
EVENUES.PROPERTY
PROPERTYTAXES
LISC, PERMITS,
OTHER TAXES
686,430
GRANTS, CONTRIBUTIONS
400,000
35,000
FINES & FORFEITURES
25,000
PROP RENTAL & SALES
289,000
50,000
CHARGES FOR SERVICES
51,535
4,523,500
INTEREST INCOME
1,200
30,000
RECREATION, OTHER FEES
3,000
LOANS, BOND PROCEEDS
7,500,000
MISCELLANEOUS
TOTAL REVENUES
26,200
1,026,965
400,000
7,500,000
4,641,500
FUND TRANFERS IN
2,735,790
10,904,320
TOTAL SOURCES
L 32,750
3,762,755
1 11,304,320
1 7,500,000
6,009,180
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FY2018
TRANSIENT
CIVIC
FLEET
LEASE
BOAT
CENTER
RENTAL
RADIO
SERVICE
INSUR
DOCK
FUND
FUND
FUND
FUND
FUND
(73)
(53)
(62)
(63)
(64)
70
SOURCES:
CASH FROM FUND RESERVE
2,167,895
393,660
CASH FROM FUND RESERVE
10,025
819,480
7,400
REVENUES:
LISC, PERMITS,
PROPERTY TAXES
OTHER TAXES
LISC, PERMITS,
GRANTS, CONTRIBUTIONS
OTHER TAXES
FINES & FORFEITURES
GRANTS, CONTRIBUTIONS
976,640
469,000
CHARGES FOR SERVICES
FINES & FORFEITURES
1,239,185
3,767,000
10,405
INTEREST INCOME
33,465
PROP RENTAL & SALES
21,430
44,000
132,220
111,940
1,000
CHARGES FOR SERVICES
LOANS, BOND PROCEEDS
355,000
INTEREST INCOME
MISCELLANEOUS
2,000
RECREATION, OTHER FEES
TOTAL REVENUES
1,010,105
LOANS, BOND PROCEEDS
3,767,000
604,430
FUND TRANFERS IN
78,000
MISCELLANEOUS
384,155
100
TOTAL SOURCES
L3,178,000
1 1,317,185
1 3,767,000
1 1,382,245
TOTAL REVENUES
21,430
44,000
132,220
113,940
356,100
FUND TRANFERS IN
38,170
231,795
TOTAL SOURCES
21,430
1 92,195
1 132,220
1 933,420
1 595,295
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FLEET
FY2018
LEASE
HEALTH
AEPF/PFPF
TRUST
INSUR
INS TRUST
PENSION
FUND
(71)
FUND
(72)
FUND
(73)
FUND
(76),(77),(84)
SOURCES:
CASH FROM FUND RESERVE
2,167,895
393,660
REVENUES. -
PROPERTY TAXES
LISC, PERMITS,
OTHER TAXES
GRANTS, CONTRIBUTIONS
FINES & FORFEITURES
PROP RENTAL & SALES
976,640
469,000
CHARGES FOR SERVICES
1,239,185
3,767,000
10,405
INTEREST INCOME
33,465
125,025
RECREATION, OTHER FEES
LOANS, BOND PROCEEDS
MISCELLANEOUS
TOTAL REVENUES
1,010,105
1,239,185
3,767,000
604,430
FUND TRANFERS IN
78,000
384,155
TOTAL SOURCES
L3,178,000
1 1,317,185
1 3,767,000
1 1,382,245
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SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2017-2018.
FY2018
GENERAL
FUND
(01)
MUNICIPAL
AID
PROGRAM
FUND
(03)
INVESTMENT
FUND
(04)
CDBG
FUND
(06)
E911
FUND
12)
APPROPRIATIONS:
GENERAL GOVERNMENT
1,727,910
450,000
FINANCE
1,078,005
PRDA
INFORMATION SYSTEMS
680,980
PLANNING
1,073,995
615,000
220,000
POLICE
9,802,575
FIRE
8,558,815
75,000
ENG/PUBLIC WORKS
4,186,460
1,829,350
5,864,320
PARKS SERVICES
3,370,205
CABLE AUTHORITY
100,670
HUMAN RIGHTS
41,680
ENGINEERING
1,229,495
HUMAN RESOURCES
334,460
INVESTMENT FUND
971,250
DEBT SERVICE / E911
3,762,755
3,900,000
1,788,690
SOLID WASTE OPERATION
5,581,960
FLEET MAINTENANCE
PENSIONS
CASH CARRY FORWRD/RESRV
400,000
FUND TRANSFERS OUT
2,218,060
4,476,290
1,000,000
1 7,220
TOTAL APPROPRIATIONS
34,403,310
1 1,829,350
5,447,540
1,220,000
1,788,690
FY2018
COURT
AWARDS
FUND
(13)
GENERAL
DEBT
SERVICE
FUND
(30)
CIP
FUND
(40)
BOND
FUND
(42)
SOLID
WASTE
FUND
(50)
APPROPRIATIONS:
GENERAL GOVERNMENT
450,000
FINANCE
PRDA
INFORMATION SYSTEMS
PLANNING
615,000
POLICE
32,750
FIRE
75,000
ENG/PUBLIC WORKS
5,864,320
PARKS SERVICES
CABLE AUTHORITY
HUMAN RIGHTS
ENGINEERING
HUMAN RESOURCES
INVESTMENT FUND
DEBT SERVICE / E911
3,762,755
3,900,000
SOLID WASTE OPERATION
5,581,960
FLEET MAINTENANCE
PENSIONS
CASH CARRY FORWRD/RESRV
400,000
FUND TRANSFERS OUT
7,500,000
1 7,220
TOTAL APPROPRIATIONS
32,750
3,762,755
11,304,320
1 7,500,000
1 6,009,180
RACity Clerk\TammyStuff\Excel\Budget FY2018\Ordinance
FY2018
TRANSIENT
BOAT
DOCK
(53)
CIVIC
CENTER
FUND
(62)
RENTAL
FUND
(63)
RADIO
FUND
64
FLEET
SERVICE
FUND
(70)
APPROPRIATIONS.-
PPROPRIATIONS:GENERAL
GENERAL GOVERNMENT
GENERALGOVERNMENT
FINANCE
3,178,000
FINANCE
74,300
PRDA
33,420
PRDA
INFORMATION SYSTEMS
INFORMATION SYSTEMS
POLICE
PLANNING
FIRE
ENG/PUBLIC WORKS
POLICE
PARKS SERVICES
FIRE
CABLE AUTHORITY
ENG/PUBLIC WORKS
HUMAN RIGHTS
132,220
PARKS SERVICES
21,430
92,195
HUMAN RESOURCES
CABLE AUTHORITY
1,307,685
3,767,000
INVESTMENT FUND
HUMAN RIGHTS
DEBT SERVICE / E911
ENGINEERING
SOLID WASTE OPERATION
HUMAN RESOURCES
FLEET MAINTENANCE
INVESTMENT FUND
1,263,245
CASH CARRY FORWRD/RESRV
DEBT SERVICE / E911
9,500
44,700
FUND TRANSFERS OUT
SOLID WASTE OPERATION
FLEET MAINTENANCE
TOTAL APPROPRIATIONS
3,178,000
1 1,317,185
3,767,000
595,295
PENSIONS
CASH CARRY FORWRD/RESRV
FUND TRANSFERS OUT
900,000
TOTAL APPROPRIATIONS
21,430
92,195
132,220
933,420
595,295
FY2018
FLEET
LEASE
TRUST
FUND
(71)
INSUR
FUND
(72)
HEALTH
INS TRUST
FUND
(73)
AEPF/PFPF
PENSION
FUND
APPROPRIATIONS:
GENERAL GOVERNMENT
FINANCE
3,178,000
74,300
PRDA
INFORMATION SYSTEMS
PLANNING
POLICE
FIRE
ENG/PUBLIC WORKS
PARKS SERVICES
CABLE AUTHORITY
HUMAN RIGHTS
ENGINEERING
HUMAN RESOURCES
1,307,685
3,767,000
INVESTMENT FUND
DEBT SERVICE / E911
SOLID WASTE OPERATION
FLEET MAINTENANCE
PENSIONS
1,263,245
CASH CARRY FORWRD/RESRV
9,500
44,700
FUND TRANSFERS OUT
TOTAL APPROPRIATIONS
3,178,000
1 1,317,185
3,767,000
1,382,245
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 $650,000.
B. The City Manager or designee 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 shall 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.
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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 Lease Trust Fund in order to replace rolling stock owned by the Fleet Lease Trust
Fund as it achieves obsolescence. The Fleet Lease 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 Lease 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 (GOB) 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 per month credit (for the months of July - December 2017) to be applied to the
Comprehensive Health Insurance Benefit Plan (Cafeteria Plan) as directed by the employee. In January 2018, 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.
M. The Oak Grove Cemetery (PF0048) project will be funded in the following manner: 20% of all cemetery lot sales, and 5% of all cemetery crypt sales
will be credited to the project. Proceeds are to be used solely for the general care, maintenance, and embellishments of the cemetery.
SECTION 5. Finance -Director is responsible for maintaining current table of Estimated Revenues in Section land Appropriation of Funds in Section 2.
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 all appropriate records.
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:
Tammara Sanderson, City Clerk
Introduced by the Board of Commissioners, June 13, 2017
Adopted by the Board of Commissioners, June 27, 2017
Recorded by Tammara Sanderson, City Clerk, June 30, 2017
Published by The Paducah Sun,
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Mayor Pro Tem
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