ORDINANCE NO. O-10-2008

AN ORDINANCE AMENDING A GENERAL FUND BUDGET, MUNICIPAL ROAD AID FUND BUDGET, SANITARY SEWER REHABILITATION FUND BUDGET, DEBT SERVICE FUND BUDGET, TOWER PARK ENTERPRISE FUND BUDGET, CABLE TELEVISION FUND BUDGET, CENTRAL BUSINESS DISTRICT REVITALIZATION FUND BUDGET, AND WASTE DISPOSAL FUND BUDGET FOR THE CITY OF FORT THOMAS, CAMPBELL COUNTY, KY, FOR THE FISCAL YEAR 7/1/2007 – 6/30/2008, 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

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 7/1/2007 and ending 6/30/2008 for the following funds is hereby amended as follows:

RESOURCES AVAILABLE	GENERAL FUND	MUNICIPAL ROAD AID FUND	TOWER PARK FUND
Estimated Carry-Over Balance	$ 2,167,528	$ 350,000	$ 985,000
REVENUES
Taxes	3,745,425 3,751,425
Licenses/Permits	4,087,530
Fines/Penalties	56,400
Investment Income	323,740	12,000	42,000
State/Fed. Revenues	199,850 305,150	646,446
Current Services	526,560
Projected Assessments		80,000
Miscellaneous	117,180	7,500	5,000
Transfer Funds	100,000
Franchise Tax		75,200
SALE PROCEEDS	-0- 750,000
TOTAL REVENUES	9,156,685 10,017,985	824,146	47,000
TOTAL AVAILABLE FUNDS	11,324,213 12,185,513	1,171,146	1,032,000

EXPENDITURES
	GENERAL FUND	MUNICIPAL ROAD AID FUND	TOWER PARK FUND
General Administration	1,168,415 1,185,565
Police Department	2,933,566 2,947,916
Fire Department	2,356,924
Recreation Department	541,310
General Services Dept.	1,984,950
Grants and Subsidies	-0- 79,800		8,500
Capital Improvements		641,340	35,000
Transfer Funds	425,670	112,490	12,990
Reservation of Funds
TOTAL EXPENDITURES	9,410,835 9,522,135	753,830	56,490
ESTIMATED SURPLUS	1,913,378 2,663,378	417,316	975,510

A detailed line-item appropriation document for all departments and funds is hereto attached and marked “Exhibit A.”

SECTION II

That the annual budget for the fiscal year beginning 7/1/2007 and ending 6/30/2008 for the following funds is adopted as follows:

RESOURCES AVAILABLE	SANITITARY SEWER REHABIL. FUND	DEBT SERVICE FUND	CABLE TELEVISION FUND
Estimated Carry-Over Bal.	$272,571	$ -0-	$195,930
REVENUES
Interest Income	10,000
Subscriber Fees			24,500
Transfer Funds		466,241
TOTAL REVENUES	10,000	466,241	24,500
TOTAL AVAILABLE REVENUES	282,571	466,241	220,430
EXPENDITURES
Debt Principal Payments	111,657	379,825
Debt Interest Payments		86,416
Program Fees			2,500
Transfer Funds
TOTAL EXPENDITURES	111,657	466,241	2,500
ESTIMATED SURPLUS	170,914	-0-	217,930

SECTION III

That the annual budget for the fiscal year beginning 7/1/2007 and ending 6/30/2008 for the following funds is adopted as follows:

RESOURCES AVAILABLE	CENTRAL BUSINESS REVITLIZATION FUND	WASTE DISPOSAL FUND
Estimated Carry-Over Bal.	$680,110	$108,811
Current Services		735,000
Transfer Funds	400,000
Rental Revenue	60,600
Interest Income	18,000
Miscellaneous	12,500 28,400
TOTAL REVENUES	491,100 507,000	735,000
TOTAL AVAIL. FUNDS	1,171,210 1,187,110	843,811
EXPENDITURES
Rental Expense – 34 N. F.T.	21,500
Transfer to Debt Service	325,780
Transfer to General Fund	60,600
Personnel	39,800
Professional Services	32,500 82,500
Waste Collection Expenses		736,525
Misc. Operation Funds	32,000 47,900
TOTAL EXPENDITURES	512,180 578,080	736,525
ESTIMATED SURPLUS	659,030 609,030	107,286

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 2, 2008

ADOPTED: June 16, 2008

Published: June 26, 2008

ATTEST:

___________________________

Melissa K. Kelly, City Clerk