FISCAL YEAR BUDGET FOR CITY OF UNION, KENTUCKY
for the Fiscal Year July 1, 2006 to June 30, 2007
Budgeted Percent Of Percent Of
FYE-2006 Resources Revenue
Resources Available:
Fund Balance Carried Forward From FY 05/06:
Money Market Savings 681,000.00
Business Checking Account 326,000.00
LGEAF - Coal & Mineral Fund 9,700.00
Municipal Road Fund 315,000.00
Union/Rice Cemetery Trust Fund 16,308.00
Petty Cash 100.00
Total Balance Carried Forward 1,348,108.00 48.36%
Revenue 2006-2007:
Tax Revenue 2006-2007:
Real Property (est.):
Current 706,000.00
Discount Allowance(2%) (14,120.00)
Delinquent Tax - Penalty & Interest 32,306.00
Delinquent Tax - Penalty & Interest 3,700.00
Total Real Property Tax 727,886.00 26.11% 50.57%
Tangible Property (est.):
Current 12,000.00
Discount Allowance(2%) (240.00)
Delinquent Tax 518.00
Delinquent Tax - Penalty & Interest 1.00
Omitted Tangible Property 593.00
Total Tangible Taxes 12,872.00 0.46% 0.89%
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 0.42% 0.82%
Total Tax Revenue 752,518.00 27.00% 52.28%
Municipal Road Funds:
Revenue Received 40,000.00
Total Municipal Road Funds 40,000.00 1.43% 2.78%
LGEAF - Coal & Mineral Fund:
Revenue Received 2,000.00
Total LGEAF - Coal & Mineral Fund 2,000.00 0.07% 0.14%
Budgeted Percent Of Percent Of
FYE-2007 Resources Revenue
Union/Rice Cemetery:
Revenue Received 5,000.00
Quarterly Income 0.00
Total Union/Rice Cemetery 5,000.00 0.18% 0.35%
Franchise Fees:
CATV - Revenue Received 24,000.00
Total Franchise Fees 24,000.00 0.86% 1.67%
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 0.70% 1.35%
Miscellaneous Income:
Grant Revenue 600,000.00
Refunds / Overpayments (4,311.00)
Lien Release Fees 500.00
Miscellaneous Income 300.00
Total Miscellaneous Income 596,489.00 21.40% 41.44%
Total Revenue 2006-2007 1,439,457.00
Total Estimated Resources Available: 2,787,565.00
Budgeted Percent Of Percent Of
FYE-2007 Resources Appropriations
Appropriations:
Waste Collection: 170,000.00 6.10% 11.98%
Public Works:
Street Repairs (street sealing,etc). 188,300.00
Storm Sewers 15,000.00
Repairs Other 22,000.00
Street Signs 2,600.00
Snow Removal 4,000.00
Sanitary Sewers 600,000.00
Mowing/Landscaping 34,000.00
Total Public Works 865,900.00 31.06% 61.04%
City Building:
Principal and Interest 12,300.00
Utilities 6,000.00
* Electric
* Water
* Sewer
Janitorial 1,200.00
Maintenance 3,000.00
   Total City Building 22,500.00 0.81% 1.59%
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 0.93% 1.83%
Budgeted Percent Of Percent Of
FYE-2007 Resources Appropriations
Salaries:
City Clerk/Treasurer Salary 38,500.00
FICA W/H 770.00
Medicare W/H 558.25
KY Unemployment Ins. W/H 160.00
CERS 5,078.15
Office Assistant 3,200.00
Superintendent of Public Works (contractor) 0.00
City Administrative Officer 13,000.00
FICA WH 260.00
Medicare WH 188.50
KY Unemployment Ins. W/H 160.00
CERS 0.00
Mayor 675.00
Commission 2,700.00
Cemetery Sexton 1,200.00
Additional - Temporary Help 11,000.00
   Total Salaries 77,449.90 2.78% 5.46%
Attorney Expense:
City Attorney 36,700.00
Other 500.00
   Total Attorney Expense 37,200.00 1.33% 2.62%
Planning
Planning & Zoning 28,000.00
GIS Services 5,000.00
Boone County Urban Forestry 35,000.00 [1]
Total Planning 68,000.00 2.44% 4.79%
Union/Rice Cemetery Expense:
Repair / Maintenance 500.00
* Fencing
* Seeding & Cover
* Mulching
Other 0.00
Total Union/Rice Cemetery Expense 500.00 0.02% 0.04%
Insurance Expense:
Liability 5,000.00
Bonding 500.00
Workers Compensation Trust 550.00
Total Insurance Expense 6,050.00 0.22% 0.43%
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 0.61% 1.21%
Budgeted Percent Of Percent Of
FYE-2007 Resources Appropriations
Engineer Expense:
Time 50,500.00
Sanitary Sewer 33,000.00
Mileage 1,500.00
Expense 0.00
Total Engineer Expense 85,000.00 3.05% 5.99%
Required Annual Audit 4,000.00 0.14% 0.28%
Miscellaneous Expense 100.00 0.00% 0.01%
Code of Ordinances Update 1,100.00 0.04% 0.08%
Legal Advertising 5,000.00 0.18% 0.35%
Interlocal Agreements 1,200.00 0.04% 0.08%
Telecommunication Expenses:
Telephone, Voicemail, etc 2,600.00
Total Telephone Expense 2,600.00 0.09% 0.18%
  Office Supplies 1,800.00 0.06% 0.13%
  Office Equipment & Repairs:
Computer Equipment and Repairs 1,000.00
Computer Software/Contingencies 7,000.00
Other Equipment - Purchases/Leases 3,000.00
Other Equipment - Repairs 0.00
   Total Equipment & Repairs 11,000.00 0.39% 0.78%
  Postage 1,000.00 0.04% 0.07%
Business/Travel Expenses:
City Clerk - Includes KLC 3,000.00
City Administrative Officer 3,000.00
Mayor/Commissioners 1,000.00
Total Business/Travel Expenses 7,000.00 0.25% 0.49%
Northern KY Area Development District 1,200.00 0.04% 0.08%
Northern Kentucky Regional Ethics Authority 300.00 0.01% 0.02%
* ($300 Annual Fee + $300 Setup Fee)
Petty Cash 200.00 0.01% 0.01%
Filing Fees 200.00 0.01% 0.01%
Budgeted Percent Of Percent Of
FYE-2007 Resources Appropriations
Professional Fees:
Accounting 300.00
Payroll 1,100.00
Other 1,300.00
Total Professional Fees 2,700.00 0.10% 0.19%
Dues & Subscriptions 2,300.00 0.08% 0.16%
Returned Checks 1,000.00 0.04% 0.07%
Penalty Charges 50.00 0.00% 0.00%
Interest Charges 0.00 0.00% 0.00%
Uncategorized Expenses 100.00 0.00% 0.01%
Total Appropriations 1,418,549.90 50.89% 100.00%
Excess of resources over / (under)
revenues 20,907.10
Estimated Fund Balance End
of Fiscal Year 1,369,015.10
[1]
WSM - Option B (Ornamental plantings all 4 corners of US42/Mt. Zion) is 35,000, Option C (Street trees from Harmony south to the medical building) is 28,000.