HomeMy WebLinkAbout2017-12-8506ORDINANCE NO. 2017-12-8506
AN ORDINANCE ADOPTING THE CITY OF PADUCAI-L KENTUCKY, FINAL ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2016, THROUGH
JUNE 30, 2017.
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 2016-2017.
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MUNICIPAL
GENERAL
FY2017
AID
DEBT
GENERAL
PROGRAM
INVESTMENT
CDBG
FUND
FUND
(1000)
FUND
(2300)
FUND
(2400)
2600)
SOURCES:
CASH FROM FUND RESERVE
1,150,000
953,155
REVENUES:
PROPERTY TAXES
6,318,500
LISC, PERMITS,
OTHER TAXES
24,169,000
450,000
5,022,500
GRANTS, CONTRIBUTIONS
1,039,395
209,000
FINES & FORFEITURES
105,000
25,000
PROP RENTAL & SALES
418,620
289,000
12,075
CHARGES FOR SERVICES
677,785
52,055
12,810
INTEREST INCOME
100,000
6,000
3,680
RECREATION, OTHER FEES
116,000
593,990
MISCELLANEOUS
33,805
TOTALREVENUES
32,978,105
456,000
5,022,500
209,000
FUND TRANFERS IN
507,000
613,845
2,478,220
8,263,330
TOTAL SOURCES
L 34,635,105
2,023,000
5,022,500
1 209,000
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GENERAL
FY2017
COURT
DEBT
E911
AWARDS
SERVICE
CIP
FUND
(2000)
FUND
(2700)
FUND
(3000)
FUND
(4000)
SOURCES.
CASH FROM FUND RESERVE
4,550
REVENUES:
PROPERTY TAXES
LISC, PERMITS,
OTHER TAXES
630,000
649,720
GRANTS, CONTRIBUTIONS
506,770
5,487,300
FINES & FORFEITURES
25,000
PROP RENTAL & SALES
289,000
12,075
CHARGES FOR SERVICES
52,055
12,810
INTEREST INCOME
900
1,200
3,680
RECREATION, OTHER FEES
593,990
MISCELLANEOUS
TOTALREVENUES
1,137,670
26,200
990,775
6,109,855
FUND TRANFERS IN
618,610
2,478,220
8,263,330
TOTAL SOURCES
1,756,280
1 30,750
3,468,995
14,373,185
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FY2017
FLEET
SOLID
TRANSIENT
CIVIC
AEPF/PFPF
SERVICE
FUND
BOND
WASTE
BOAT
CENTER
RENTAL
RADIO
FUND
7100
FUND
FUND
DOCK
FUND
FUND
FUND
4200
5000
53
5100
1100
1200
SOURCES:
307,710
REVENUES:
CASH FROM FUND RESERVE
PROPERTY TAXES
3,110,750
749,230
REVENUES:
OTHER TAXES
PROPERTY TAXES
GRANTS, CONTRIBUTIONS
LISC, PERMITS,
FINES & FORFEITURES
OTHER TAXES
PROP RENTAL & SALES
500
917,965
GRANTS, CONTRIBUTIONS
8,350,000
27,000
349,000
1,177,105
3,773,000
FINES & FORFEITURES
INTEREST INCOME
22,000
225,000
PROP RENTAL & SALES
55,000
40,000
134,920
133,110
CHARGES FOR SERVICES
4,421,000
349,600
939,965
INTEREST INCOME
3,773,000
28,000
TOTALREVENUES
FUND TRANFERS IN
202,755
3,500
RECREATION, OTHER FEES
460,115
MISCELLANEOUS
TOTAL SOURCES 1
3,000
2,058,250
1,237,105 1
3,773,000
1,354,825
TOTAL REVENUES
8,350,000
4,534,000
40,000
134,920
136,610
FUND TRANFERS IN
5,000
55,100
1,550,000
TOTAL SOURCES
81350,000
7,644,750 1
5,000
95,100
134,920 1
2,435,840
FY2017
FLEET
FLEET
HEALTH
AEPF/PFPF
SERVICE
FUND
TRUST
INSUR
INS TRUST
PENSION
7000
FUND
7100
FUND
7200
FUND
7300)
FUND
(8000),(8100),(8400
SOURCES:
CASH FROM FUND RESERVE
6,330
1,118,285
307,710
REVENUES:
PROPERTY TAXES
LISC, PERMITS,
OTHER TAXES
GRANTS, CONTRIBUTIONS
FINES & FORFEITURES
PROP RENTAL & SALES
500
917,965
350,000
CHARGES FOR SERVICES
349,000
1,177,105
3,773,000
12,000
INTEREST INCOME
22,000
225,000
RECREATION, OTHER FEES
MISCELLANEOUS
100
349,600
939,965
1,177,105
3,773,000
587,000
TOTALREVENUES
FUND TRANFERS IN
202,755
60,000
460,115
TOTAL SOURCES 1
558,685
2,058,250
1,237,105 1
3,773,000
1,354,825
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SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2016-2017.
FY2017
GENERAL
FUND
1000
MUNICIPAL
AID
PROGRAM
FUND
(2300)
INVESTMENT
FUND
(2400)
CDBG
FUND
(2600)
APPROPRIATIONS:
GENERAL GOVERNMENT
1,578,045
763,450
FINANCE
1,047,075
INFORMATION SYSTEMS
678,830
PLANNING
1,031,750
209,000
POLICE
9,585,295
30,750
299,605
FIRE
8,188,480
201,510
ENG/PUBLIC WORKS
4,083,085
2,023,000
7,273,895
PARKS SERVICES
3,184,075
944,345
CABLE AUTHORITY
112,710
HUMAN RIGHTS
41,035
ENGINEERING
1,217,255
HUMAN RESOURCES
375,740
INVESTMENT FUND
783,800
DEBT SERVICE / E911
1,748,780
3,468,995
155,780
SOLID WASTE OPERATION
FLEET MAINTENANCE
PENSIONS
OTHER (PJC, LEAVE ACCRUAL)
CASH CARRY FORWRD/RESRV
100,000
2,152,030
FUND TRANSFERS OUT
3,511,730
4,138,700
2,072,835
TOTAL APPROPRIATIONS
34,635,105
1 2,023,000
5,022,500
209,000
FY2017
E911
FUND
(2000)
COURT
AWARDS
FUND
(2700)
GENERAL
DEBT
SERVICE
FUND
(3000)
CIP
FUND
(4000
APPROPRIATIONS:
GENERAL GOVERNMENT
763,450
FINANCE
INFORMATION SYSTEMS
PLANNING
509,735
POLICE
30,750
299,605
FIRE
201,510
ENG/PUBLIC WORKS
7,273,895
PARKS SERVICES
944,345
CABLE AUTHORITY
HUMAN RIGHTS
ENGINEERING
HUMAN RESOURCES
INVESTMENT FUND
DEBT SERVICE / E911
1,748,780
3,468,995
155,780
SOLID WASTE OPERATION
FLEET MAINTENANCE
PENSIONS
OTHER (PJC, LEAVE ACCRUAL)
CASH CARRY FORWRD/RESRV
2,152,030
FUND TRANSFERS OUT
7,500
2,072,835
TOTAL APPROPRIATIONS
1,756,280
30,750
3,468,995
1 14,373,185
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FY2017
BOND
FUND
42
SOLID
WASTE
FUND
5000
TRANSIENT
BOAT
DOCK
53
CIVIC
CENTER
FUND
5100
RENTAL
FUND
1100
RADIO
FUND
1200
APPROPRIATIONS:
GENERAL GOVERNMENT
GENERAL GOVERNMENT
FINANCE
2,058,250
FINANCE
300
INFORMATION SYSTEMS
2,435,840
INFORMATION SYSTEMS
PLANNING
PLANNING
POLICE
POLICE
ENG/PUBLIC WORKS
FIRE
PARKS SERVICES
ENG/PUBLIC WORKS
CABLE AUTHORITY
134,920
PARKS SERVICES
5,000
95,100
CABLE AUTHORITY
ENGINEERING
HUMAN RIGHTS
HUMAN RESOURCES
1,187,605
3,773,000
ENGINEERING
DEBT SERVICE / E911
HUMAN RESOURCES
SOLID WASTE OPERATION
INVESTMENT FUND
FLEET MAINTENANCE
558,685
DEBT SERVICE / E911
PENSIONS
SOLID WASTE OPERATION
1,354,525
5,288,155
FLEET MAINTENANCE
CASH CARRY FORWRD/RESRV
9,500
PENSIONS
40,000
558,685
OTHER (PJC, LEAVE ACCRUAL)
1,237,105
3,773,000
1,354,825
TOTAL APPROPRIATIONS
CASH CARRY FORWRD/RESRV
FUND TRANSFERS OUT
8,350,000
2,356,595
TOTAL APPROPRIATIONS
8,350,000 1
7,644,750 1
5,000
95,100 1
134,920
2,435,840
FY2017
FLEET
SERVICE
FUND
7000
FLEET
TRUST
FUND
7100
INSUR
FUND
7200
HEALTH
INS TRUST
FUND
7300
AEPF/PFPF
PENSION
FUND
8000),(8100),(840.
APPROPRIATIONS:
GENERAL GOVERNMENT
FINANCE
2,058,250
300
INFORMATION SYSTEMS
PLANNING
POLICE
FIRE
ENG/PUBLIC WORKS
PARKS SERVICES
CABLE AUTHORITY
HUMAN RIGHTS
ENGINEERING
HUMAN RESOURCES
1,187,605
3,773,000
INVESTMENT FUND
DEBT SERVICE / E911
SOLID WASTE OPERATION
FLEET MAINTENANCE
558,685
PENSIONS
1,354,525
OTHER (PJC, LEAVE ACCRUAL)
CASH CARRY FORWRD/RESRV
9,500
FUND TRANSFERS OUT
40,000
558,685
2,058,250
1,237,105
3,773,000
1,354,825
TOTAL APPROPRIATIONS
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.
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 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 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 2016) to be applied to the
Comprehensive Health Insurance Benefit Plan (Cafeteria Plan) as directed by the employee. In January 2017, 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. 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 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:
Tammara Sanderson, City Clerk
Introduced by the Board of Commissioners, December 12, 2017
Adopted by the Board of Commissioners, December 19, 2017
Recorded by Tammara Sanderson, City Clerk, December 19, 2017
Published by The Paducah Sun, December 22, 2017
f
Mayor
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