ORDINANCE NO. O-12-2011

AN ORDINANCE ADOPTING A GENERAL FUND BUDGET, MUNICIPAL ROAD AID FUND BUDGET, DEBT SERVICE FUND BUDGET, TOWER PARK ENTERPRISE FUND BUDGET, CAPITAL PROJECTS CBD FUND, AND WASTE DISPOSAL FUND BUDGET FOR THE CITY OF FORT THOMAS, CAMPBELL COUNTY, KY, FOR THE FISCAL YEAR 7/1/2011 – 6/30/2012, 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 2011 – 2012 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 7/1/2011 and ending 6/30/2012 for the following funds is hereby adopted:

RESOURCES AVAILABLE	GENERAL FUND	MUNICIPAL ROAD AID FUND	TOWER PARK FUND
Estimated Carry-Over Balance	$ 2,913,902	$ 514,674	$ 526,863
REVENUES
Taxes	4,473,551
Licenses/Permits	4,419,049
Fines/Penalties	66,500
Investment Income	203,355	500	5,000
State/Fed/Reimb Rev	181,500	280,000
Current Services	546,355
Projected Assessments		96,000
Miscellaneous	66,580	5,000	5,000
Transfer Funds	250,000
Franchise Tax		75,200
TOTAL REVENUES	10,206,890	456,700	10,000
TOTAL AVAILABLE FUNDS	13,120,792	971,374	536,863

EXPENDITURES
	GENERAL FUND	MUNICIPAL ROAD AID FUND	TOWER PARK FUND
General Administration	1,205,151
Police Department	3,109,338
Fire Department	2,663,400
Recreation Department	569,120
General Services Dept.	2,106,194
Grants and Subsidies			6,500
Capital Improvements		371,775	10,000
Transfer Funds	644,999		12,990
Current Services			25,800
TOTAL EXPENDITURES	10,298,202	371,775	55,290
ESTIMATED SURPLUS	2,822,590	599,599	481,573

SECTION II

That the annual budget for the fiscal year beginning 7/1/2011 and ending 6/30/2012 for the following funds is adopted as follows:

RESOURCES AVAILABLE	DEBT SERVICE FUND
Estimated Carry-Over Bal.	$ -0-
REVENUES
Interest Income
Subscriber Fees
Transfer Funds	900,913
TOTAL REVENUES	900,913
TOTAL AVAILABLE REVENUES	900,913
EXPENDITURES
Debt Principal Payments	764,647
Debt Interest Payments	136,266
Program Fees
Transfer Funds
Capital Expense
TOTAL EXPENDITURES	900,913
ESTIMATED SURPLUS	-0-

SECTION III

That the annual budget for the fiscal year beginning 7/1/2011 and ending 6/30/2012 for the following funds is adopted as follows:

RESOURCES AVAILABLE	CAPITAL PROJECTS FUND CBD	WASTE FUND
Estimated Carry-Over Bal.	$210,851	$ 11,257
Current Services		823,000
Transfer Funds	462,000
Lease Revenue	2,200,000
Interest Income	1,000
Miscellaneous	12,500
TOTAL REVENUES	2,675,500	823,000
TOTAL AVAIL. FUNDS	2,886,351	834,257
EXPENDITURES
Midway Project Expense	-0-
Transfer to Debt Service	705,612
Transfer to General Fund
Personnel	70,737
Professional Services	33,500
Waste Collection Expenses		820,000
Misc. Operation Funds	55,200
Parks Project	2,000,000
TOTAL EXPENDITURES	2,865,049	820,000
ESTIMATED SURPLUS	21,302	14,257

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 6, 2011

ADOPTED: June 20, 2011

Published: June 30, 2011

ATTEST:

_________________________________

Melissa K. Kelly, City Clerk