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City of Walton, KentuckY
Ordinance Number 2007-07
AN ORDINANCE
ADOPTING THE CITY OF WALTON, KENTUCKY ANNUAL BUDGET FOR THE FISCAL
YEAR JULY 1, 2007 THROUGH JUNE 30, 2008 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 of Walton, Kentucky as
follows:
SECTION
1:
The
annual budget for the fiscal year beginning July 1, 2007 and ending
June 30, 2008 is hereby adopted as follows:
General Municipal
Park CDBG Water/
Fund Aid Fund
Fund Program Sewer
Resources Available
Fund Balance/
Retained Earnings
Carried Forward
531,505
131,797
49,855 140,600
433,420
Estimated Revenue
Property Taxes
315,000
67,000
- -
-
Licenses/Permits
600,000 -
-
- -
Intergovernmental
-
97,000
550,000
- 1,000,000
Tax Penalties
2,800 -
-
- -
Charges for Services -
-
-
-
1,409,000
W-V Veterans Memorial
1,000
-
-
- -
Miscellaneous
6,000
1,200
25,200 -
14,000
Bond/Ban
-
-
-
-
2,500,000
Interest
14,000
3,000
500
500
6,000
Total Estimated
Revenues
938,800
168,200
575,700
500 4,929,000
Total Resources
Available for
Appropriation
1,470,305
299,997
625,555
141,100
5,362,420
General Municipal
Park CDBG Water/
Fund Aid Fund
Fund Program Sewer
Estimated
Appropriations:
General Fund
509,470 -
-
- -
Public Works 229,690
430,000
- - -
Water & Sewer - -
- -
4,771,400
Parks/Recreation - -
680,500 - -
Economic Development -
- -
141,100 -
Debt Service -
- -
-
83,000
Total
Appropriations
739,160
430,000
680,500
141,100
4,854,400
Excess of Resources
Over/Under
Appropriations 731,145
(130,003)
(54,945)
-
508,020
Operating
transfers 300,000
200,000
100,000 - -
Estimated Fund
Balances/Retained
Earnings-end of
Fiscal Year 431,145
69,997
45,055 00 508,020
SECTION
2:
This
Ordinance shall be in effect upon passage and publication as required
by law.
SECTION
3:
Approved
and passed on first reading by 6 Members of City Council on the
7th day of June, 2007.
Approved and
passed on second reading by 5 Members of City Council on the
11th day of June, 2007.
Date of
Publication: June
21, 2007.
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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