FISCAL YEAR BUDGET FOR CITY OF UNION, KENTUCKY
for the Fiscal Year July 1, 2005 to June 30, 2006
Budgeted Percent Of Percent Of
FYE-2006 Resources Revenue
Resources Available:
Fund Balance Carried Forward From FY 04/05:
Money Market Savings 915,000.00
Business Checking Account 148,500.00
LGEAF - Coal & Mineral Fund 7,110.00
Municipal Road Fund 225,700.00
Union/Rice Cemetery Trust Fund 16,308.00
Petty Cash 100.00
Total Balance Carried Forward 1,312,718.00 58.05%
Revenue 2005-2006:
Tax Revenue 2005-2006:
Real Property (est.):
Current 600,000.00
Discount Allowance(2%) (12,000.00)
Delinquent Tax 15,000.00
Delinquent Tax - Penalty & Interest 3,000.00
Total Real Property Tax 606,000.00 26.80% 63.89%
Tangible Property (est.):
Current 22,000.00
Discount Allowance(2%) (440.00)
Delinquent Tax 5,000.00
Delinquent Tax - Penalty & Interest 0.00
Omitted Tangible Property 0.00
Total Tangible Taxes 26,560.00 1.17% 2.80%
Bank Deposits:
Current 12,000.00
Discount Allowance(2%) (240.00)
Delinquent Tax 0.00
Delinquent Tax - Penalty & Interest 0.00
Total Bank Deposits 11,760.00 0.52% 1.24%
Total Tax Revenue 644,320.00 28.49% 67.93%
Municipal Road Funds:
Revenue Received 46,000.00
Total Municipal Road Funds 46,000.00 2.03% 4.85%
LGEAF - Coal & Mineral Fund:
Revenue Received 1,700.00
Total LGEAF - Coal & Mineral Fund 1,700.00 0.08% 0.18%
Budgeted Percent Of Percent Of
FYE-2006 Resources Revenue
Union/Rice Cemetery:
Revenue Received 10,000.00
Quarterly Income 250.00
Total Union/Rice Cemetery 10,250.00 0.45% 1.08%
Franchise Fees:
CATV - Revenue Received 25,000.00
Total Franchise Fees 25,000.00 1.11% 2.64%
Interest:
Interest Received - Money Market Savings Account 18,000.00
Interest Received - Business Checking Account 1,500.00
Interest Received - Municipal Road Fund 3,000.00
Interest Received - LGEAF 100.00
Interest Received - No Breakdown 0.00
Total Interest 22,600.00 1.00% 2.38%
Miscellaneous Income:
Grant Revenue 200,000.00
Refunds / Overpayments (2,000.00)
Lien Release Fees 500.00
Miscellaneous Income 100.00
Total Miscellaneous Income 198,600.00 8.78% 20.94%
Total Revenue 2003-2004 948,470.00
Total Estimated Resources Available: 2,261,188.00
Budgeted Percent Of Percent Of
FYE-2006 Resources Appropriations
Appropriations:
Waste Collection: 165,000.00 7.30% 17.69%
Public Works:
Street Repairs (street sealing,etc). 150,000.00
Storm Sewers 10,000.00
Repairs Other 10,000.00
Street Signs 10,000.00
Snow Removal 5,000.00
Sanitary Sewers 200,000.00
Mowing/Landscaping 41,000.00
Total Public Works 426,000.00 18.84% 45.67%
City Building:
Principal 9,500.00
Interest 1,350.00
Utilities 6,000.00
* Electric
* Water
* Sewer
Janitorial 1,200.00
Maintenance 3,000.00
   Total City Building 21,050.00 0.93% 2.26%
Street & Traffic Lights:
    Street Lights - Utilities 24,000.00
* Street Lights
* Entrance Lights
* Accent Lighting
    Traffic Signal - Utilities 1,500.00
Total Street & Traffic Lights 25,500.00 1.13% 2.73%
Budgeted Percent Of Percent Of
FYE-2006 Resources Appropriations
Salaries:
City Clerk/Treasurer Salary 35,000.00
FICA W/H 700.00
Medicare W/H 507.50
KY Unemployment Ins. W/H 160.00
CERS 3,843.00
Office Assistant 15,000.00
Superintendent of Public Works (contractor) 0.00
Mayor 675.00
Commission 2,700.00
Cemetery Sexton 1,200.00
Additional - Temporary Help 5,000.00
   Total Salaries 64,785.50 2.87% 6.95%
Attorney Expense:
City Attorney 25,000.00
Other 500.00
   Total Attorney Expense 25,500.00 1.13% 2.73%
Planning
Planning & Zoning 28,000.00
GIS Services 3,000.00
Boone County Urban Forestry 20,000.00
Total Planning 51,000.00 2.26% 5.47%
Union/Rice Cemetery Expense:
Repair / Maintenance 4,000.00
* Fencing
* Seeding & Cover
* Mulching
Other 0.00
Total Union/Rice Cemetery Expense 4,000.00 0.18% 0.43%
Insurance Expense:
Liability 5,068.00
Bonding 500.00
Workers Compensation Trust 545.00
Total Insurance Expense 6,113.00 0.27% 0.66%
County PVA Fees:
Use of County Assessment Role 16,000.00
Tax Bill Preparation 1,000.00
County PVA - Other 100.00
   Total PVA Fees 17,100.00 0.76% 1.83%
Budgeted Percent Of Percent Of
FYE-2006 Resources Appropriations
Engineer Expense:
Time 85,000.00
Mileage 1,500.00
Expense 500.00
Total Engineer Expense 87,000.00 3.85% 9.33%
Required Annual Audit 4,000.00 0.18% 0.43%
Miscellaneous Expense 250.00 0.01% 0.03%
Code of Ordinances Update 1,500.00 0.07% 0.16%
Legal Advertising 5,000.00 0.22% 0.54%
Interlocal Agreements 1,200.00 0.05% 0.13%
Telecommunication Expenses:
Telephone, Voicemail, etc 3,000.00
Total Telephone Expense 3,000.00 0.13% 0.32%
  Office Supplies 1,000.00 0.04% 0.11%
  Office Equipment & Repairs:
Computer Equipment - Repairs 1,000.00
Computer Software/Contingencies 8,000.00
Other Equipment - Purchases/Leases 3,000.00
Other Equipment - Repairs 0.00
   Total Equipment & Repairs 12,000.00 0.53% 1.29%
  Postage 2,000.00 0.09% 0.21%
Business/Travel Expenses:
City Clerk - Includes KLC 1,500.00
Mayor/Commissioners 1,500.00
Total Business/Travel Expenses 3,000.00 0.13% 0.32%
Northern KY Area Development District 1,100.00 0.05% 0.12%
Northern Kentucky Regional Ethics Authority 300.00 0.01% 0.03%
* ($300 Annual Fee + $300 Setup Fee)
Petty Cash 200.00 0.01% 0.02%
Filing Fees 200.00 0.01% 0.02%
Budgeted Percent Of Percent Of
FYE-2006 Resources Appropriations
Professional Fees:
Accounting 1,000.00
Payroll 1,200.00
Other 0.00
Total Professional Fees 2,200.00 0.10% 0.24%
Dues & Subscriptions 2,000.00 0.09% 0.21%
Returned Checks 500.00 0.02% 0.05%
Penalty Charges 100.00 0.00% 0.01%
Interest Charges 100.00 0.00% 0.01%
Uncategorized Expenses 100.00 0.00% 0.01%
Total Appropriations 932,798.50 41.25% 100.00%
Excess of resources over / (under)
appropriations 15,671.50
Estimated Fund Balance End
of Fiscal Year 1,328,389.50