Budget

City of Walton, Kentucky

Ordinance Number 2013-07

 

AN ORDINANCE ADOPTING THE CITY OF WALTON, KENTUCKY ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2013 THROUGH JUNE 30, 2014 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, 2013 and ending June 30, 2014 is hereby adopted as follows:

 

 

  General
Fund
Municipal
Aid Fund
Park
Fund
Water/
Sewer

Resources Available
Fund Balance/
Retained Earnings
Carried Forward

 512,621 256,4670 124,165  1,534,6900
Estimated Revenue        
Property Taxes  410,000 87,000    
Licenses / Permits 375,000      
Intergovernmental    51,300    
Tax Penalties    2,000      
Charges for Services           1,773,000
W-V Veterans Memorial     1,000      
Miscellaneous     15,000   6,000  
T E Grant  - - - -
Interest     5,000 500 100  5,000
         

Total Estimated
Revenues 

811,000 138,800 6,100   1,776,000
         

Total Resources
Available for
Appropriation                                   

1,323,621 479,000 130,265 3,309,690
  General                
Fund
Municipal
Aid Fund
Park
Fund
Water/
 Sewer
 Estimated Appropriations:        
General Fund  588,960      
Public Works 190,440 479,000    
Water & Sewer       1,610,420
Parks / Recreation     160,000  
Debt Service       234,020
         

Total
Appropriations

779,400 479,000 160,000 1,844,440
         

Excess of Resources
Over / Under
Appropriations 

544,221 (-83,733)  (-29,735) 1,465,250
Operating transfers    (-150,000) 100,000 50,000  
         

Estimated Fund
Balances / Retained
Earnings-end of
Fiscal Year                        

394,221 16,267 20,265  1,465,250

 

SECTION 2:

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

 Approved and passed on first reading by 5 Members of City Council on the 6th day of June, 2013.

 Approved and passed on second reading by 5 Members of City Council on the 10th day of June, 2013

 Date of Publication: June 20, 2013.

 Approved: Mark Carnahan, 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.