CITY OF UNION, KENTUCKY    

AMENDED BUDGET

   

For the fiscal year beginning July 1, 2001 and ending June 30, 2002

   
     
     

Resources Available:

Budgeted

Percent Of

 

FYE-2002

Resources

     

  Fund Balance Carried Forward From FY 00/01:

   
Business Checking Account

345287.00

 

        LGEAF - Coal & Mineral Fund

1615.00

 

        Municipal Road Fund

45531.00

 

        Union/Rice Cemetery Trust Fund

12441.00

 

     Total Balance Carried Forward

$404,874.00

44.39%

     

  Tax Revenue 2001:

   

    Real Property (est.):

   

        Current

397500.00

 

        Discount Allowance(2%)

-7950.00

 

        Delinquent Tax

24100.00

 

        Delinquent Tax - Penalty

2300.00

 

        Delinquent Tax - Interest

800.00

 

        Real Property - Other

0.00

 

     Total Real Property Tax

$416,750.00

45.69%

   Tangible Property (est.):

   

        Current

17000.00

 

        Discount Allowance(2%)

-340.00

 

        Delinquent Tax

800.00

 

        Delinquent Tax - Penalty

75.00

 

        Delinquent Tax - Interest

14.00

 

     Total Tangible Taxes

$17,549.00

1.92%

   Bank Deposits:

   

        Current

10000.00

 

        Discount Allowance(2%)

-200.00

 

        Delinquent Tax

0.00

 

        Delinquent Tax - Penalty

0.00

 

        Delinquent Tax - Interest

0.00

 

     Total Bank Deposits

$9,800.00

1.07%

     

  Total Tax revenue

$444,099.00

48.69%

     

  Municipal Road Funds:

   

        Revenue Received

35000.00

 

     Total Municipal Road Funds

$35,000.00

3.84%

     

  LGEAF - Coal & Mineral Fund:

   

        Revenue Received

1200.00

 

    Total LGEAF - Coal & Mineral Fund

$1,200.00

0.13%

     

  Union/Rice Cemetery:

   

        Revenue Received

4000.00

 

    Total Union/Rice Cemetery

$4,000.00

0.44%

     

  Franchise Fees

   

        CATV - Revenue Received

15500.00

  Franchise Fees

$15,500.00

1.70%

     

  Interest:

   

      Interest Received - No Breakdown

5900.00

 

    Total Interest

$5,900.00

0.65%

     

  Miscellaneous Income:

   

        Grant

0.00

 

        Revenue Received

150.00

 

  Miscellaneous Income

$150.00

0.02%

     

  Refunds/Overpayments

$1,450.00

0.16%

     

  Lien Release Fees

$0.00

0.00%

     

Total Estimated Resources:

$912,173.00

100.00%

     
     

Appropriations:

Budgeted

Percent Of

 

FYE-2000

Budget

     

  Waste Collection

$93,000.00

24.20%

     

  Public Works:

   

    Street Repairs

50000.00

 

    Storm Sewers

7000.00

 

    Repairs Other

7500.00

 

    Street Sealing

1500.00

 

    Street Signs

1000.00

 

    Snow Removal

3000.00

 

    Mowing/Landscaping

22050.00

 

   Total Public Works

$92,050.00

23.95%

     

  City Building:

   

    Principal Reduction/Expenses:

   

    Principal

12000.00

 

    Interest

6500.00

 

    Utilities

5000.00

 

    Janitorial

1200.00

 

    Maintenance

2500.00

 

   Total City Building

$27,200.00

7.08%

     

  Street & Traffic Lights:

   

    Street Lights - Utilities

20000.00

 

    Traffic Lights - Utilities

1000.00

 

   Total Street & Traffic Lights

$21,000.00

5.46%

     

  Salaries:

   

    City Clerk/Treasurer

25000.00

 

      FICA W/H

2500.00

 

      Medicare W/H

400.00

 

      Boone County

130.00

 

      Kentucky W/H

300.00

 

      KY Unemployment Ins. W/H

160.00

 

     CERS

3000.00

 

     Total City Clerk/Treasurer

31,490.00

 

    Mayor

675.00

 

    Commission

2700.00

 

    Cemetery Sexton

1200.00

 

    Planning & Zoning Representative

0.00

 

    Additional - Temporary Help

5000.00

 

   Total Salaries

$41,065.00

10.69%

     

  Attorney Expense:

   

    City Attorney

8500.00