40 North Main Street, PO Box 95
Walton, KY 41094-0095
Phone: 859-485-4383
Fax: 859-485-9710

Budget

 

City of Walton, Kentucky

Ordinance Number 2014-04

 

AN ORDINANCE ADOPTING THE CITY OF WALTON, KENTUCKY ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2014 THROUGH JUNE 30, 2015 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, 2014 and ending June 30, 2015 is hereby adopted as follows:

 

  General
Fund
Municipal
Aid Fund
Park
Fund
Water/
Sewer

Resources Available
Fund Balance/
Retained Earnings
Carried Forward

 596,857    289,838 92,685 2,022,169
Estimated Revenue        
Property Taxes  400,000 61,300    
Licenses / Permits 375,000      
Intergovernmental    88,000    
Tax Penalties   1,000      
Charges for Services           1,987,000
W-V Veterans Memorial     1,000      
Miscellaneous     8,000   6,000  
T E Grant  - - - -
Interest     2,000 300 100  3,000
         

Total Estimated
Revenues 

787,000 149,600 6,100   1,990,000
         

Total Resources
Available for
Appropriation                                   

1,383,857 439,438 98,785 4,102,169
  General                
Fund
Municipal
Aid Fund
Park
Fund
Water/
 Sewer
 Estimated Appropriations:        
General Fund  547,250      
Public Works 229,600 479,000    
Water & Sewer       1,972,920
Parks / Recreation     130,000  
Debt Service       323,690
         

Total
Appropriations

776,850 479,000 130,000 2,296,610
         

Excess of Resources
Over / Under
Appropriations 

607,007 (-39,562)  (-31,215) 1,715,559
Operating transfers    (-100,000) 50,000 50,000  
         

Estimated Fund
Balances / Retained
Earnings-end of
Fiscal Year                        

507,007 10,438 18,785 1,715,559

 

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 2nd day of June, 2014.

Approved and passed on second reading by 6 Members of City Council on the 9th day of June, 2014

Date of Publication: June 19th, 2014.                                                   

 Approved: Mark S. 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:  8:00AM to 5:00 PM Monday through Friday.

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