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Home My WebLink About2004-6-6827La ORDINANCE NO. 2004-6-6827 AN ORDINANCE ADOPTING THE CITY OF PADUCAH, KENTUCKY, ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2004, THROUGH JUNE 30, 2005, 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 2004-2005. F:\Jon\Excel\Budget FY2005\Budget Ordinance 2004-2005\Ordinance MUNICIPAL HUD GENERAL FY2005 HUD AID COURT POLICE DEBT GENERAL SMALL PROGRAM CDBG HOPE HOME FUND GRANTS FUND FUND FUND FUND (01) (02) (03) (06 07) 08) SOURCES: SOURCES: 23,600 CASH FROM FUND RESERVE 1,155,415 REVENUES: PROPERTY TAXES 4,984,450 LISC, PERMITS, 0 750,000 449,100 OTHER TAXES 18,882,550 383,000 29,125 GRANTS, CONTRIBUTIONS 881,170 46,000 25,000 130,600 FINES & FORFEITURES 54,000 PROP RENTAL & SALES 291,600 181,205 346,500 CHARGES FOR SERVICES 572,315 1,530 1,000 INTEREST INCOME 110,000 400 RECREATION, OTHER FEES 164,500 1,800 MISCELLANEOUS 30,000 0 TOTAL REVENUES 0 181,205 924,115 26,000 29,125 795,600 TOTAL REVENUES 25,970,585 0 429,400 25,000 0 130,600 FUND TRANSFERS IN 87,545 TOTAL SOURCES 0 308,055 1,265,715 [___49,6j00- 29,125 1,284,260 TOTAL SOURCES 27,213,545 0 429,400 25,000 0 130,600 F:\Jon\Excel\Budget FY2005\Budget Ordinance 2004-2005\Ordinance HUD GENERAL FY2005 HUD COURT POLICE DEBT REVOLVING E911 AWARDS GRANT SERVICE FUND TELCOM FUND FUND FUND FUND (09) 11) 12) 13 (14) (30) SOURCES: CASH FROM FUND RESERVE 23,600 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES 750,000 449,100 GRANTS, CONTRIBUTIONS 170,785 29,125 FINES & FORFEITURES 25,000 PROP RENTAL & SALES CHARGES FOR SERVICES 181,205 346,500 INTEREST INCOME 1,530 1,000 RECREATION, OTHER FEES MISCELLANEOUS 1,800 TOTAL REVENUES 0 181,205 924,115 26,000 29,125 795,600 FUND TRANSFERS IN 126,850 341,600 488,660 TOTAL SOURCES 0 308,055 1,265,715 [___49,6j00- 29,125 1,284,260 F:\Jon\Excel\Budget FY2005\Budget Ordinance 2004-2005\Ordinance 175 C(opy FY2005 FLEET CIP SOLID CIVIC RENT & FLEET CIP CONV/FRC WASTE CENTER RADIO SERVICE FUND FUND FUND FUND FUNDS FUND (40) 42 50) 62 63 & 64 70 SOURCES: CASH FROM FUND RESERVE 216,500 2,000,000 544,600 4,450 820,125 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES GRANTS, CONTRIBUTIONS FINES & FORFEITURES PROP RENTAL & SALES 635,205 1,000 36,000 135,075 75,000 CHARGES FOR SERVICES 1,068,500 3,415,000 8,000 101,850 380,000 INTEREST INCOME 22,000 40,000 50 2,300 100,800 RECREATION, OTHER FEES MISCELLANEOUS 10,000 TOTAL REVENUES 0 0 3,466,000 36,050 239,225 380,000 FUND TRANSFERS IN 215,000 75,000 108,000 TOTAL SOURCES 431,500 2,000,000 4,010,600 36,050 239,225 488,000 FY2005 FLEET HEALTH MAINT AEPF PFPF TRUST INSURANCE INS TRUST TRUST PENSION PENSION FUND FUND FUND FUND FUND FUND 71 72 73 74 76 77 SOURCES: CASH FROM FUND RESERVE 4,450 820,125 REVENUES: PROPERTY TAXES LISC, PERMITS, OTHER TAXES GRANTS, CONTRIBUTIONS FINES & FORFEITURES PROP RENTAL & SALES 635,205 75,000 CHARGES FOR SERVICES 1,068,500 3,542,615 8,000 189,300 INTEREST INCOME 22,000 5,300 100,800 RECREATION, OTHER FEES MISCELLANEOUS TOTAL REVENUES 657,205 1,068,500 3,542,615 8,000 5,300 365,100 FUND TRANSFERS IN 216,600 75,000 662,775 TOTAL SOURCES 873,805 1,068,500 3,542,615 8,000 84,750 1,848,000 F:\Jon\Excel\Budget FY2005\Budget Ordinance 2004-2005\Ordinance 176 SECTION 2. The following sums of money are hereby appropriated for Fiscal Year 2004-2005. FY2005 GENERAL FUND 01 SMALL GRANTS (02) MUNICIPAL AID PROGRAM FUND (03 CDBG FUND (06) HOPE FUND (07 HOME FUND (08 APPROPRIATIONS. GENERAL GOVERNMENT 1,435,380 FINANCE 762,430 INFORMATION SYSTEMS 268,965 275,825 INSPECTIONS 793,425 PLANNING 1,253,970 25,000 130,600 POLICE 7,417,360 49,600 29,125 FIRE 5,609,925 PUBLIC WORKS 4,966,015 PARKS SERVICES 1,155,445 CABLE AUTHORITY 112,990 HUMAN RIGHTS 104,395 HUMAN RESOURCES 319,575 ENGINEERING 995,685 429,400 DEBT SERVICE / E911 1,265,715 1,284,260 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV 32,230 FUND TRANSFERS OUT 2,017,985 TOTAL APPROPRIATIONS 27,213,545 0 429,400 25,000 0 130,600 FY2005 HUD REVOLVING FUND 09) TELCOM 11 E911 FUND 12) COURT AWARDS FUND 13 HUD POLICE GRANT FUND 14 GENERAL DEBT SERVICE FUND 30 APPROPRIATIONS: GENERAL GOVERNMENT FINANCE INFORMATION SYSTEMS 275,825 INSPECTION PLANNING POLICE 49,600 29,125 FIRE PUBLIC WORKS RECREATION CABLE AUTHORITY HUMAN RIGHTS HUMAN RESOURCES ENGINEERING DEBT SERVICE / E911 1,265,715 1,284,260 SOLID WASTE OPERATION FLEET MAINTENANCE PENSIONS CASH CARRY FORWRD/RESRV 32,230 FUND TRANSFERS OUT TOTAL APPROPRIATIONS 0 308,055 1,265,715 49,600 29,125 1,284,260 F:\Jon\Excel\Budget FY2005\Budget Ordinance 2004-2005\Ordinance FY2005 CIP FUND (40) CIP CONV/FRC FUND (42) SOLID WASTE FUND (50 CMC CENTER FUND (62) RENT & RADIO FUNDS 63 & 64 FLEET SERVICE FUND 70) APPROPRIATIONS. GENERAL GOVERNMENT GENERAL GOVERNMENT 15,000 2,000,000 FINANCE FINANCE 1,051,830 3,542,615 8,000 66,240 INFORMATION SYSTEMS INFORMATION SYSTEMS INSPECTION INSPECTION PLANNING PLANNING 200,000 POLICE POLICE FIRE FIRE PUBLIC WORKS PUBLIC WORKS RECREATION RECREATION 35,945 CABLE AUTHORITY CABLE AUTHORITY HUMAN RIGHTS HUMAN RIGHTS HUMAN RESOURCES HUMAN RESOURCES ENGINEERING ENGINEERING DEBT SERVICE / E911 DEBT SERVICE / E911 SOLID WASTE OPERATION SOLID WASTE OPERATION 4,010,600 FLEET MAINTENANCE FLEET MAINTENANCE 488,000 PENSIONS 84,750 1,848,000 CASH CARRY FORWRD/RESRV CASH CARRY FORWRD/RESRV 16,670 105 85,440 FUND TRANSFERS OUT FUND TRANSFERS OUT 216,500 87,545 TOTAL APPROPRIATIONS TOTAL APPROPRIATIONS 431,500 2,000,000 4,010,600 1 36,050 239,225 488,000 FY2005 FLEET TRUST FUND (71) INSURANCE FUND (72 HEALTH MAINT INS TRUST TRUST FUND FUND 73 74 AEPF PENSION FUND 76 PFPF PENSION FUND 77 APPROPRIATIONS: GENERAL GOVERNMENT FINANCE 1,051,830 3,542,615 8,000 INFORMATION SYSTEMS INSPECTION PLANNING POLICE FIRE PUBLIC WORKS RECREATION CABLE AUTHORITY HUMAN RIGHTS HUMAN RESOURCES ENGINEERING DEBT SERVICE / E911 SOLID WASTE OPERATION FLEET MAINTENANCE 704,450 PENSIONS 84,750 1,848,000 CASH CARRY FORWRD/RESRV 169,355 16,670 FUND TRANSFERS OUT TOTAL APPROPRIATIONS 873,805 1,068,500 3,542,615 8,000 84,750 1,848,000 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. F:\Jon\Excel\Budget FY2005\Budget Ordinance 2004-2005\Ordinance 01 Ift:3 SECTION 4. The City does hereby adopt the following financial management policies: A. The General Fund's minimum undesignated fund balance shall be 12.5% of the General Fund's budgeted expenditures. The Solid Waste Fund's minimum unreserved cash balance shall be 12.5% 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 departmental budget line items and between divisions of departments; however, any transfers of funds, appropriated in Section 2, between departments must be approved by City Commission. 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 seven 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 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. Additionally, General Fund transfers shall be made to offset the cost of initial rolling stock acquisition 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 make annual progress toward the goal of achieving fully funded status for the Appointive Employees Pension Fund (AEPF) and the Police and Firemen's Pension Fund (PFPF) through sound financial management and/or annual General Fund transfers as designated in the budget document. J. The City will provide to all eligible employees a $586.50 per month credit (for the months of July - December 2004) to be applied to the Comprehensive Health Insurance Benefit Plan (Cafeteria Plan) as directed by the employee. The monthly credit will be adjusted by an amount equal to the increase in the CPI (USDOL Bureau of Labor Statistics Consumer Price Index - All urban consumers) during a 12 month period ending October 2004 for the months of January - June 2005. 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. r---4— ATTEST: ---4 ATTEST: Tammara Brock, City Clerk Introduced by the Board of Commissioners, June 8, 2004 Adopted by the Board of Commissioners, June 22, 2004 Recorded by Tammara Brock, City Clerk, June 22, 2004 Published by The Paducah Sun, July 2, 2004 excel\budget ordinance 2004-2005 F:\Jon\Excel\Budget FY2005\Budget Ordinance 2004-2005\Ordinance