ORDINANCE NO. O-08-2009

AN ORDINANCE ADOPTING A GENERAL FUND BUDGET, MUNICIPAL ROAD AID FUND BUDGET, DEBT SERVICE FUND BUDGET, TOWER PARK ENTERPRISE FUND BUDGET, CABLE TELEVISION FUND BUDGET, CENTRAL BUSINESS DISTRICT REVITALIZATION FUND BUDGET, AND WASTE DISPOSAL FUND BUDGET FOR THE CITY OF FORT THOMAS, CAMPBELL COUNTY, KY, FOR THE FISCAL YEAR 7/1/2009 – 6/30/2010, BY ESTIMATING REVENUES AND RESOURCES AND APPROPRIATING FUNDS FOR THE OPERATION OF CITY GOVERNMENT.

WHEREAS, an annual budget proposal and message have been prepared and copies delivered to the Board of Council; and

WHEREAS, a Public Hearing has been conducted and the Board of Council has reviewed the proposed budget for FY 2009 – 2010 and made any necessary modifications;

NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF FORT THOMAS, CAMPBELL COUNTY, KENTUCKY:

SECTION I

That the annual budget for the Fiscal Year beginning 7/1/2009 and ending 6/30/2010 for the following funds is hereby adopted:

RESOURCES AVAILABLE	GENERAL FUND	MUNICIPAL ROAD AID FUND	TOWER PARK FUND
Estimated Carry-Over Balance	$ 2,471,533	$ 130,000	$ 979,104
REVENUES
Taxes	4,081,490
Licenses/Permits	4,232,000
Fines/Penalties	55,750
Investment Income	239,355	500	10,000
State/Fed/Reimb Rev	176,660	380,000
Current Services	475,590
Projected Assessments		66,000
Miscellaneous	56,580	7,500	5,000
Transfer Funds	100,000
Franchise Tax		75,200
TOTAL REVENUES	9,417,425	529,200	15,000
TOTAL AVAILABLE FUNDS	11,888,958	659,200	994,104

EXPENDITURES
	GENERAL FUND	MUNICIPAL ROAD AID FUND	TOWER PARK FUND
General Administration	1,194,981
Police Department	3,042,948
Fire Department	2,531,991
Recreation Department	479,146
General Services Dept.	2,118,840
Grants and Subsidies			22,300
Capital Improvements		471,665	141,000
Transfer Funds	536,735		12,990
Reservation of Funds
TOTAL EXPENDITURES	9,904,641	471,665	176,290
ESTIMATED SURPLUS	1,984,317	187,535	817,814

SECTION II

That the annual budget for the fiscal year beginning 7/1/2009 and ending 6/30/2010 for the following funds is adopted as follows:

RESOURCES AVAILABLE	DEBT SERVICE FUND	CABLE TELEVISION FUND
Estimated Carry-Over Bal.	$ -0-	$ 245,000
REVENUES
Interest Income		2,000
Subscriber Fees		24,000
Transfer Funds	626,735
TOTAL REVENUES	626,735	26,000
TOTAL AVAILABLE REVENUES	626,735	271,000
EXPENDITURES
Debt Principal Payments	486,810
Debt Interest Payments	139,925
Program Fees		5,000
Transfer Funds
Capital Expense
TOTAL EXPENDITURES	626,735	5,000
ESTIMATED SURPLUS	-0-	266,000

SECTION III

That the annual budget for the fiscal year beginning 7/1/2009 and ending 6/30/2010 for the following funds is adopted as follows:

RESOURCES AVAILABLE	CBD FUND	WASTE FUND
Estimated Carry-Over Bal.	$228,611	$ 85,086
Current Services		735,000
Transfer Funds	425,000
Lease Revenue	1,500,000
Interest Income	1,000
Miscellaneous	12,500
TOTAL REVENUES	1,938,500	735,000
TOTAL AVAIL. FUNDS	2,167,111	820,086
EXPENDITURES
Midway Project Expense	1,000,000
Transfer to Debt Service	502,600
Transfer to General Fund
Personnel	53,330
Professional Services	32,500
Waste Collection Expenses		793,000
Misc. Operation Funds	54,950
Project Expense
TOTAL EXPENDITURES	1,643,380	793,725
ESTIMATED SURPLUS	523,731	27,086

This Ordinance shall be signed by the Mayor, attested by the City Clerk, published according to KRS Chapter 424, and shall be in effect at the earliest date provided by law.

APPROVED:

______________________________

Mary H. Brown, Mayor

1^st Reading: June 1, 2009

ADOPTED: June 15, 2009

Published: June 25, 2009

ATTEST:

_________________________________

Melissa K. Kelly, City Clerk