FISCAL YEAR BUDGET FOR CITY OF UNION, KENTUCKY
for the Fiscal Year July 1, 2003 to June 30, 2004
Budgeted Percent Of Percent Of
FYE-2004 Resources Revenue
Resources Available:
Fund Balance Carried Forward From FY 02/03:
Business Checking Account 651,039.90
LGEAF - Coal & Mineral Fund 4,030.00
Municipal Road Fund 135,668.98
Union/Rice Cemetery Trust Fund 13,621.59
Total Balance Carried Forward 804,360.47 58.42% 140.52%
Revenue 2003-2004:
Tax Revenue 2003-2004:
Real Property (est.):
Current 470,000.00
Discount Allowance(2%) (9,400.00)
Delinquent Tax 20,000.00
Delinquent Tax - Penalty 2,000.00
Delinquent Tax - Interest 800.00
Real Property - Other 0.00
Total Real Property Tax 483,400.00 35.11% 84.45%
Tangible Property (est.):
Current 9,000.00
Discount Allowance(2%) (180.00)
Delinquent Tax 2,000.00
Delinquent Tax - Penalty 50.00
Delinquent Tax - Interest 10.00
Omitted Tangible Property 0.00
Total Tangible Taxes 10,880.00 0.79% 1.90%
Bank Deposits:
Current 11,000.00
Discount Allowance(2%) (220.00)
Delinquent Tax 0.00
Delinquent Tax - Penalty 0.00
Delinquent Tax - Interest 0.00
Total Bank Deposits 10,780.00 0.78% 1.88%
Total Tax Revenue 505,060.00 36.68% 88.23%
Municipal Road Funds:
Revenue Received 44,000.00
Total Municipal Road Funds 44,000.00 3.20% 7.69%
LGEAF - Coal & Mineral Fund:
Revenue Received 1,200.00
Total LGEAF - Coal & Mineral Fund 1,200.00 0.09% 0.21%
Budgeted Percent Of Percent Of
FYE-2004 Resources Revenue
Union/Rice Cemetery:
Revenue Received 2,500.00
Quarterly Income 250.00
Total Union/Rice Cemetery 2,750.00 0.20% 0.48%
Franchise Fees:
CATV - Revenue Received 15,000.00
Total Franchise Fees 15,000.00 1.09% 2.62%
Interest:
Interest Received - Municipal Road Fund 800.00
Interest Received - LGEAF 20.00
Interest Received - No Breakdown 3,000.00
Total Interest 3,820.00 0.28% 0.67%
Miscellaneous Income:
Grant Revenue 0.00
Refunds / Overpayments (1,500.00)
Lien Release Fees 100.00
Miscellaneous Income 500.00
Litter Abatement Funding 1,500.00
Total Miscellaneous Income 600.00 0.04% 0.10%
Total Revenue 2003-2004 572,430.00
Total Estimated Resources Available: 1,376,790.47
Budgeted Percent Of Percent Of
FYE-2004 Resources Appropriations
Appropriations:
Waste Collection: 120,000.00 8.72% 25.25%
Public Works:
Street Repairs (street sealing,etc). 50,000.00
* Street Resurfacing
Storm Sewers 10,000.00
Repairs Other 2,000.00
* Sidewalks
* Irrigation system
Street Signs 5,000.00
Snow Removal 5,000.00
Mowing/Landscaping 30,000.00
Total Public Works 102,000.00 7.41% 21.47%
City Building:
Principal 12,000.00
Interest 4,000.00
Utilities 7,000.00
* Electric
* Water
* Sewer
Janitorial 1,200.00
Maintenance 3,000.00
   Total City Building 27,200.00 1.98% 5.72%
Street & Traffic Lights:
    Street Lights - Utilities 25,000.00
* Street Lights
* Entrance Lights
* Accent Lighting
    Traffic Signal - Utilities 1,000.00
Total Street & Traffic Lights 26,000.00 1.89% 5.47%
Budgeted Percent Of Percent Of
FYE-2004 Resources Appropriations
Salaries:
City Clerk/Treasurer 30,000.00
FICA W/H 1,860.00
Medicare W/H 435.00
Boone County 500.00
Kentucky W/H 300.00
KY Unemployment Ins. W/H 160.00
CERS 1,902.00
Total City Clerk/Treasurer 35,157.00
Assistant City Clerk 14,040.00
Superintendent of Public Works (contractor) 10,000.00
Mayor 675.00
Commission 2,700.00
Cemetery Sexton 1,200.00
Planning & Zoning Representative 0.00
Additional - Temporary Help 5,000.00
   Total Salaries 68,772.00 5.00% 14.47%
Attorney Expense:
City Attorney 10,000.00
Other 500.00
   Total Attorney Expense 10,500.00 0.76% 2.21%
Planning & Zoning 20,000.00 1.45% 4.21%
Union/Rice Cemetery Expense:
Repair / Maintenance 2,000.00
* Fencing
* Seeding & Cover
* Mulching
Other 3,000.00
Total Union/Rice Cemetery Expense 5,000.00 0.36% 1.05%
Insurance Expense:
Liability 2,500.00
Workers Compensation Trust 625.00
Total Insurance Expense 3,125.00 0.23% 0.66%
County PVA Fees:
Use of County Assessment Role 12,000.00
Tax Bill Preparation 100.00
County PVA - Other 0.00
   Total PVA Fees 12,100.00 0.88% 2.55%
Budgeted Percent Of Percent Of
FYE-2004 Resources Appropriations
Engineer Expense:
Time 48,000.00
Mileage 1,500.00
Expense 100.00
Total Engineer Expense 49,600.00 3.60% 10.44%
Required Annual Audit 3,550.00 0.26% 0.75%
Miscellaneous Expense 1,000.00 0.07% 0.21%
Code of Ordinances Update 1,500.00 0.11% 0.32%
Legal Advertising 2,000.00 0.15% 0.42%
Interlocal Agreements 1,212.00 0.09% 0.26%
Telecommunication Expenses:
City Building Voice Line 3,000.00
City Building Fax Line 100.00
City Building Voice Mail 180.00
Total Telephone Expense 3,280.00 0.24% 0.69%
  Office Supplies 1,000.00 0.07% 0.21%
  Office Equipment & Repairs:
Computer Equipment - Repairs 1,000.00
Computer Software/Contingencies 2,000.00
Other Equipment - Purchases/Leases 4,000.00
Other Equipment - Repairs 500.00
   Total Equipment & Repairs 7,500.00 0.54% 1.58%
  Postage 1,000.00 0.07% 0.21%
Business/Travel Expenses:
City Clerk - Includes KLC 2,000.00
Mayor/Commissioners 1,500.00
Total Business/Travel Expenses 3,500.00 0.25% 0.74%
Northern KY Area Development District 1,070.41 0.08% 0.00%
Northern Kentucky Regional Ethics Authority 600.00 0.04% 0.00%
* ($300 Annual Fee + $300 Setup Fee)
Petty Cash 200.00 0.01% 0.04%
Filing Fees 200.00 0.01% 0.04%
Budgeted Percent Of Percent Of
FYE-2004 Resources Appropriations
Professional Fees:
Accounting 750.00
Other 100.00
Total Professional Fees 850.00 0.06% 0.18%
Dues & Subscriptions 1,600.00 0.12% 0.34%
Returned Checks 500.00 0.04% 0.11%
Penalty Charges 100.00 0.01% 0.02%
Interest Charges 100.00 0.01% 0.02%
Uncategorized Expenses 100.00 0.01% 0.02%
Total Appropriations 475,159.41 34.51% 100.00%
Excess of resources over / (under)
appropriations 97,270.59
Estimated Fund Balance End
of Fiscal Year 901,631.06