ORDINANCE NO. O-08-2010

 

AN ORDINANCE AMENDING THE GENERAL FUND BUDGET AND THE CENTRAL BUSINESS DISTRICT REVITALIZATION FUND BUDGET FOR THE CITY OF FORT THOMAS, CAMPBELL COUNTY, KY, FOR THE FISCAL YEAR 7/1/2009 – 6/30/2010, BY ESTIMATING REVENUES AND RESOURCES AND APPROPRIATING FUNDS FOR THE OPERATION OF CITY GOVERNMENT.

 

WHEREAS, an annual budget proposal and message have been prepared and copies delivered to the Board of Council; and

 

WHEREAS, a Public Hearing has been conducted and the Board of Council has reviewed the proposed budget for FY 2009 – 2010 and made any necessary modifications;

 

NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF FORT THOMAS, CAMPBELL COUNTY, KENTUCKY:

 

SECTION I

 

That the annual budget for the Fiscal Year beginning 7/1/2009 and ending 6/30/2010 for the following funds is hereby adopted:

           

 

AMENDED:

RESOURCES AVAILABLE

 

GENERAL FUND

Estimated Carry-Over Balance

 

 

$ 2,471,533

 

 

 

REVENUES

 

 

 

 

 

Taxes

 

   4,081,490

Licenses/Permits

 

   4,232,000

Fines/Penalties

 

        55,750

Investment Income

 

      239,355

State/Fed/Reimb. Rev

 

      176,660

Current Services

 

      475,590

Projected Assessments

 

 

Miscellaneous

 

        56,580

Transfer Funds

 

      100,000

Franchise Tax

 

 

Lease Revenue

 

         -0-

     809,000

Grants Revenue

 

         -0-

     335,000

TOTAL REVENUES

 

  9,417,425

10,561,425

 

 

 

TOTAL AVAILABLE FUNDS

 

 

11,888,958

13,032,958

 

 

EXPENDITURES

 

GENERAL FUND

 

 

1,194,981

General Administration

 

3,042,948

Police Department

 

2,531,991

Fire Department

 

479,146

Recreation Department

 

2,118,840

General Services Dept.

 

 

Grants and Subsidies

 

-0-

985,000

Capital Improvements

 

536,735

Transfer Funds

 

 

Reservation of Funds

 

 

 

 

 

9,904,641

10,889,641

TOTAL EXPENDITURES

 

 

 

 

1,984,317

2,143,317

ESTIMATED SURPLUS

 

 

 

 

 

 

   SECTION II

 

That the annual budget for the fiscal year beginning 7/1/2009 and ending 6/30/2010 for the following funds is adopted as follows:

 

 

 

RESOURCES AVAILABLE

 

CBD FUND

Estimated Carry-Over Bal.

 

      $228,611

Current Services

 

 

Transfer Funds

 

        425,000

Lease Revenue

 

     1,500,000  

     2,000,000 

Interest Income

 

            1,000

Miscellaneous

 

          12,500

TOTAL REVENUES

 

     1,938,500

     2,438,500

 

 

 

TOTAL AVAIL. FUNDS

 

     2,167,111

     2,667,111

 

EXPENDITURES

 

 

Midway Project Expense

 

     1,000,000 

     1,125,000

Transfer to Debt Service

 

        502,600

Transfer to General Fund

 

         

Personnel

 

          53,330

Professional Services

 

          32,500

Waste Collection Expenses

 

 

Misc. Operation Funds

 

          54,950

Amphitheater Project

 

            -0-

        500,000

Rossford Park Project

 

            -0-

       150,000

TOTAL EXPENDITURES

 

     1,643,380

     2,418,380

 

 

 

ESTIMATED SURPLUS

 

       523,731

       248,731

 

 

This Ordinance shall be signed by the Mayor, attested by the City Clerk, published according to KRS Chapter 424, and shall be in effect at the earliest date provided by law.

 

 

                                                                                    APPROVED:

 

 

                                                                                    ______________________________

                                                                                    Mary H. Brown, Mayor

 

 

1st Reading: June 7, 2010                       

 

ADOPTED:  June 21, 2010       

Published:     July 1, 2010

 

ATTEST:

 

_________________________________

Melissa K. Kelly, City Clerk