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City of Walton, Kentucky
Ordinance Number 2010-05
AN ORDINANCE ADOPTING THE CITY OF WALTON, KENTUCKY ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2010 THROUGH JUNE 30, 2011 BY ESTIMATING REVENUE AND RESOURCES AND APPROPRIATING FUNDS FOR THE OPERATION OF CITY GOVERNMENT.
WHEREAS, an annual budget proposal and message has been prepared and delivered to the City Council;
WHEREAS, the City Council has reviewed such budget proposal and made necessary modifications.
NOW, THEREFORE, BE IT ORDAINED, by the City Council of the City of Walton, Kentucky as follows:
SECTION 1:
The annual budget for the fiscal year beginning July 1, 2010 and ending June 30, 2011 is hereby adopted as follows:
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Municipal
Aid Fund |
Park
Fund |
Water/
Sewer |
Resources Available Fund Balance/
Retained Earnings Carried Forward |
741,961 |
139,543 |
149,679 |
909,222 |
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Estimated Revenue
Property Taxes |
410,000 |
74,000 |
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Licenses / Permits |
500,000 |
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Intergovernmental |
|
47,400 |
100,000 |
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Discretionary Funds |
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150,000 |
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Tax Penalties |
3,000 |
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Charges for Services |
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1,671,200 |
W-V Veterans Memorial |
2,000 |
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Miscellaneous |
8,000 |
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24,400 |
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Interest |
5,000 |
2,000 |
3,000 |
5,000 |
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| Total Estimated Revenues |
928,000 |
273,400 |
127,400 |
1,676,200 |
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Total Resources
Available for Appropriation |
1,669,961 |
412,943 |
277,079 |
2,585,422 |
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| Estimated Appropriations: |
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General Fund |
461,590 |
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Public Works |
144,720 |
423,000 |
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Water & Sewer |
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1,305,505 |
Parks & Recreation |
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147,300 |
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Economic Development |
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Debt Service |
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249,870 |
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Total Appropriations |
606,310 |
423,000 |
147,300 |
1,555,375 |
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Excess of Resources
Over / Under Appropriations |
1,063,651 |
(10,057) |
129,779 |
1,030,047 |
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| Operating transfers |
(150,000) |
150,000 |
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Estimated Fund Balances / Retained
Earnings-end of Fiscal Year |
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SECTION 2:
This Ordinance shall be in effect upon passage and publication as required by law.
Approved and passed on first reading by 6 Members of City Council on the 10th day of June, 2010.
Approved and passed on second reading by 6 Members of City Council on the 14th day of June, 2010
Date of Publication: June 24, 2010
Approved: Phillip W. Trzop, Mayor
Attest: Peggy Gray, City Clerk
A copy of this budget is available for inspection at City Hall 40 North Main Street during regular business hours: 8:00AM to 5:00 PM Monday through Friday.
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