AMENDED 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 57.91%
Revenue 2005-2006:
Tax Revenue 2005-2006:
Real Property (est.):
Current 611,765.00
Discount Allowance(2%) (12,235.30)
Delinquent Tax - Penalty & Interest 32,306.00
Delinquent Tax - Penalty & Interest 3,700.00
Total Real Property Tax 635,535.70 28.03% 66.60%
Tangible Property (est.):
Current 11,700.00 [1]
Discount Allowance(2%) (234.00)
Delinquent Tax 518.00
Delinquent Tax - Penalty & Interest 1.00
Omitted Tangible Property 593.00
Total Tangible Taxes 12,578.00 0.55% 1.32%
Bank Deposits:
Current 13,819.00
Discount Allowance(2%) (276.38)
Delinquent Tax 0.00
Delinquent Tax - Penalty & Interest 0.00
Total Bank Deposits 13,542.62 0.60% 1.42%
Total Tax Revenue 661,656.32 29.19% 69.33%
Municipal Road Funds:
Revenue Received 46,000.00
Total Municipal Road Funds 46,000.00 2.03% 4.82%
LGEAF - Coal & Mineral Fund:
Revenue Received 1,700.00
Total LGEAF - Coal & Mineral Fund 1,700.00 0.07% 0.18%
Budgeted Percent Of Percent Of
FYE-2006 Resources Revenue
Union/Rice Cemetery:
Revenue Received 5,000.00 [2]
Quarterly Income 0.00
Total Union/Rice Cemetery 5,000.00 0.22% 0.52%
Franchise Fees:
CATV - Revenue Received 24,000.00
Total Franchise Fees 24,000.00 1.06% 2.51%
Interest:
Interest Received - Money Market Savings Account 14,000.00
Interest Received - Business Checking Account 0.00
Interest Received - Municipal Road Fund 1,000.00
Interest Received - LGEAF 150.00
Interest Received - No Breakdown 4,300.00
Total Interest 19,450.00 0.86% 2.04%
Miscellaneous Income:
Grant Revenue 200,000.00
Refunds / Overpayments (4,311.00)
Lien Release Fees 500.00
Miscellaneous Income 300.00
Total Miscellaneous Income 196,489.00 8.67% 20.59%
Total Revenue 2005-2006 954,295.32
Total Estimated Resources Available: 2,267,013.32
Budgeted Percent Of Percent Of
FYE-2006 Resources Appropriations
Appropriations:
Waste Collection: 178,000.00 [3] 7.85% 18.33%
Public Works:
Street Repairs (street sealing,etc). 188,300.00 [4]
Storm Sewers 15,000.00 [5]
Repairs Other 22,000.00 [6]
Street Signs 2,600.00
Snow Removal 4,000.00
Sanitary Sewers 200,000.00
Mowing/Landscaping 34,000.00
Total Public Works 465,900.00 20.55% 47.98%
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% 2.17%
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 1.15% 2.68%
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 3,200.00
Superintendent of Public Works (contractor) 0.00
City Administrator 1,040.00
Mayor 675.00
Commission 2,700.00
Cemetery Sexton 1,200.00
Additional - Temporary Help 11,000.00
   Total Salaries 60,025.50 2.65% 6.18%
Attorney Expense:
City Attorney 36,700.00
Other 500.00
   Total Attorney Expense 37,200.00 1.64% 3.83%
Planning
Planning & Zoning 31,000.00
GIS Services 3,000.00
Boone County Urban Forestry 0.00
Total Planning 34,000.00 1.50% 3.50%
Union/Rice Cemetery Expense:
Repair / Maintenance 500.00
* Fencing
* Seeding & Cover
* Mulching
Other 0.00
Total Union/Rice Cemetery Expense 500.00 0.02% 0.05%
Insurance Expense:
Liability 6,000.00
Bonding 500.00
Workers Compensation Trust 545.00
Total Insurance Expense 7,045.00 0.31% 0.73%
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 0.75% 1.76%
Budgeted Percent Of Percent Of
FYE-2006 Resources Appropriations
Engineer Expense:
Time 50,500.00 [7]
Sanitary Sewer 33,000.00 [8]
Mileage 1,500.00
Expense 0.00
Total Engineer Expense 85,000.00 3.75% 8.75%
Required Annual Audit 4,100.00 0.18% 0.42%
Miscellaneous Expense 100.00 0.00% 0.01%
Code of Ordinances Update 1,100.00 0.05% 0.11%
Legal Advertising 5,000.00 0.22% 0.51%
Interlocal Agreements 1,200.00 0.05% 0.12%
Telecommunication Expenses:
Telephone, Voicemail, etc 2,600.00
Total Telephone Expense 2,600.00 0.11% 0.27%
  Office Supplies 1,800.00 0.08% 0.19%
  Office Equipment & Repairs:
Computer Equipment - Repairs 300.00
Computer Software/Contingencies 7,000.00
Other Equipment - Purchases/Leases 3,000.00
Other Equipment - Repairs 0.00
   Total Equipment & Repairs 10,300.00 0.45% 1.06%
  Postage 1,000.00 0.04% 0.10%
Business/Travel Expenses:
City Clerk - Includes KLC 3,000.00
Mayor/Commissioners 1,000.00
Total Business/Travel Expenses 4,000.00 0.18% 0.41%
Northern KY Area Development District 1,200.00 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 300.00
Payroll 1,100.00
Other 1,300.00
Total Professional Fees 2,700.00 0.12% 0.28%
Dues & Subscriptions 2,300.00 0.10% 0.24%
Returned Checks 1,000.00 0.04% 0.10%
Penalty Charges 50.00 0.00% 0.01%
Interest Charges 0.00 0.00% 0.00%
Uncategorized Expenses 100.00 0.00% 0.01%
Total Appropriations 971,070.50 42.83% 100.00%
Excess of resources over / (under)
revenues (16,775.18)
Estimated Fund Balance End
of Fiscal Year 1,295,942.82
[1]
Warren S. Moore:
Originally budgeted $22k.
[2]
Warren S. Moore:
Originally budgeted $10k.
[3]
Warren S. Moore:
Originally budgeted $165k.
[4]
Warren S. Moore:
Originally budgeted $150k.
[5]
Warren S. Moore:
Originally budgeted $10k.
[6]
Warren S. Moore:
Originally budgeted $10k.
[7]
Warren S. Moore:
Split out normal Time from Sewer.
[8]
Warren S. Moore:
Split out normal Time from Sewer.