Budget

City of Walton, Kentucky

Ordinance Number 2011-09

AN ORDINANCE ADOPTING THE CITY OF WALTON, KENTUCKY ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2011 THROUGH JUNE 30, 2012 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, 2011 and ending June 30, 2012 is hereby adopted as follows:
 

  General Fund Municipal Aid Fund Park Fund Water/Sewer
Resources Available Fund Balance/ Retained Earnings Carried Forward 800,000 230,000 170,000 1,200,000
Estimated Revenue        
Property Taxes 410,000 77,000    
Licenses/Permits 500,000      
Intergovernmental   47,000    
Tax Penalties 4,000      
Charges for Services       1,954,500
W-V Veterans Memorial 1,000      
Miscellaneous 6,000   22,900  
T E Grant     100,000  
Interest 6,000 500 300 4,000
         
Total Estimated Revenues 927,000 124,500 123,200 1,958,500
         
Total Resource Available for Appropriation 1,727,000 354,500 293,200 3,158,500
Estimated Appropriations:        
General Fund 492,140      
Public Works 221,190 454,000    
Water & Sewer       2,159,635
Parks/Recreation     299,300  
Economic Development        
Debt Service       247,075
         
Total Appropriations 713,330 454,000 299,300 2,406,710
Excess of Resources Over/Under Appropriations 1,013,670 (99,500) (6,100) 751,790
Operating Transfers (350,000) 200,000 150,000  
Estimated Fund Balance/Retained Earnings-end of Fiscal Year 663,670 100,500 143,900

751,790

SECTION 2:

This Ordinance shall be in effect upon passage and publication as required by law.

Approved and passed on first reading by 4  Members of City Council on the 23rd day of June, 2011.

Approved and passed on second reading by 5  Members of City Council on the 27th   day of June, 2011.

Date of Publication: July 7 , 2011.

                                                                                             

                                                                                                      Approved:                                                                         
                                                                                                                                   Wayne Carlisle, 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:  8:00 AM to 5:00 PM Monday through Friday.

 

 

               

 

 

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