ORDINANCE NO. O-09-2010

AN ORDINANCE ADOPTING A GENERAL FUND BUDGET, MUNICIPAL ROAD AID FUND BUDGET, DEBT SERVICE FUND BUDGET, TOWER PARK ENTERPRISE FUND BUDGET, CABLE TELEVISION FUND BUDGET, CAPITAL PROJECTS FUND, AND WASTE DISPOSAL FUND BUDGET FOR THE CITY OF FORT THOMAS, CAMPBELL COUNTY, KY, FOR THE FISCAL YEAR 7/1/2010 – 6/30/2011, 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 2010 – 2011 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 7/1/2010 and ending 6/30/2011 for the following funds is hereby adopted:

RESOURCES AVAILABLE	GENERAL FUND	MUNICIPAL ROAD AID FUND	TOWER PARK FUND
Estimated Carry-Over Balance	$ 3,011,718	$ 465,974	$ 783,651
REVENUES
Taxes	4,312,909
Licenses/Permits	4,317,392
Fines/Penalties	63,900
Investment Income	200,355	500	5,000
State/Fed/Reimb Rev	176,660	280,000
Current Services	582,584
Projected Assessments		51,000
Miscellaneous	56,580	5,000	75,000
Transfer Funds	345,000
Franchise Tax		75,200
TOTAL REVENUES	10,055,380	411,700	80,000
TOTAL AVAILABLE FUNDS	13,067,098	877,674	863,651

EXPENDITURES
	GENERAL FUND	MUNICIPAL ROAD AID FUND	TOWER PARK FUND
General Administration	1,180,613
Police Department	3,046,135
Fire Department	2,596,455
Recreation Department	456,842
General Services Dept.	2,118,571
Grants and Subsidies			65,000
Capital Improvements		403,000	210,000
Transfer Funds	562,681		12,301
Current Services			15,801
TOTAL EXPENDITURES	9,961,297	403,000	244,601
ESTIMATED SURPLUS	3,105,801	474,674	619,050

SECTION II

That the annual budget for the fiscal year beginning 7/1/2010 and ending 6/30/2011 for the following funds is adopted as follows:

RESOURCES AVAILABLE	DEBT SERVICE FUND	CABLE TELEVISION FUND
Estimated Carry-Over Bal.	$ -0-	$ 245,000
REVENUES
Interest Income
Subscriber Fees
Transfer Funds	619,917
TOTAL REVENUES	619,917
TOTAL AVAILABLE REVENUES	626,735	245,000
EXPENDITURES
Debt Principal Payments	493,179
Debt Interest Payments	126,738
Program Fees		5,000
Transfer Funds		245,000
Capital Expense
TOTAL EXPENDITURES	619,917	245,000
ESTIMATED SURPLUS	-0-	-0-

SECTION III

That the annual budget for the fiscal year beginning 7/1/2010 and ending 6/30/2011 for the following funds is adopted as follows:

RESOURCES AVAILABLE	CAPITAL PROJECTS FUND	WASTE FUND
Estimated Carry-Over Bal.	$690,296	$ 16,001
Current Services		776,099
Transfer Funds	450,956
Lease Revenue	-0-
Interest Income	500
Miscellaneous	12,500
TOTAL REVENUES	463,956	776,099
TOTAL AVAIL. FUNDS	1,154,252	792,100
EXPENDITURES
Midway Project Expense	159,204
Transfer to Debt Service	495,891
Transfer to General Fund
Personnel	54,900
Professional Services	32,500
Waste Collection Expenses		780,843
Misc. Operation Funds	55,200
TOTAL EXPENDITURES	797,695	780,843
ESTIMATED SURPLUS	356,557	11,257

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

1^st Reading: June 7, 2010

ADOPTED: June 21, 2010

Published: July 1, 2010

ATTEST:

_________________________________

Melissa K. Kelly, City Clerk