FISCAL YEAR BUDGET FOR CITY OF UNION, KENTUCKY
for the Fiscal Year July 1, 2007 to June 30, 2008
Budgeted Percent Of Percent Of
FYE-2008 Resources Revenue
Resources Available:
Fund Balance Carried Forward From FY 06/07:
Money Market Savings 47,000.00
Business Checking Account 954,000.00
LGEAF - Coal & Mineral Fund 11,500.00
Municipal Road Fund 368,000.00
Union/Rice Cemetery Trust Fund 20,000.00
Petty Cash 100.00
Total Balance Carried Forward 1,400,600.00 49.56%
Revenue 2007-2008:
Tax Revenue 2007-2008:
Real Property (est.):
Current 790,500.00
Discount Allowance(2%) (15,810.00)
Delinquent Tax - Penalty & Interest 26,000.00
Delinquent Tax - Penalty & Interest 3,200.00
Total Real Property Tax 803,890.00 28.45% 56.41%
Tangible Property (est.):
Current 17,286.00
Discount Allowance(2%) (2,511.00)
Delinquent Tax 457.00
Delinquent Tax - Penalty & Interest 156.00
Omitted Tangible Property 437.00
Total Tangible Taxes 15,825.00 0.56% 1.11%
Bank Deposits:
Current 10,000.00
Discount Allowance(2%) (200.00)
Delinquent Tax 6,000.00
Delinquent Tax - Penalty & Interest 0.00
Total Bank Deposits 15,800.00 0.56% 1.11%
Total Tax Revenue 835,515.00 29.57% 58.62%
Municipal Road Funds:
Revenue Received 46,794.00
Total Municipal Road Funds 46,794.00 1.66% 3.28%
LGEAF - Coal & Mineral Fund:
Revenue Received 1,965.00
Total LGEAF - Coal & Mineral Fund 1,965.00 0.07% 0.14%
Union/Rice Cemetery:
Revenue Received 3,200.00
Quarterly Income 0.00
Total Union/Rice Cemetery 3,200.00 0.11% 0.22%
Franchise Fees:
CATV - Revenue Received 20,705.00
Total Franchise Fees 20,705.00 0.73% 1.45%
Interest:
Interest Received - Money Market Savings Account 16,594.00
Interest Received - Business Checking Account 1,467.00
Interest Received - Municipal Road Fund 6,221.00
Interest Received - LGEAF 175.00
Interest Received - No Breakdown 2,177.00
Total Interest 26,634.00 0.94% 1.87%
Miscellaneous Income:
Grant Revenue (Carryover) 491,000.00
Refunds / Overpayments (1,152.00)
Lien Release Fees 280.00
Miscellaneous Income 250.00
Total Miscellaneous Income 490,378.00 17.35% 34.41%
Total Revenue 2007-2008 1,425,191.00
Total Estimated Resources Available: 2,825,791.00
Appropriations:
Waste Collection: 200,000.00 7.08% 14.57%
Public Works:
Street Repairs (street sealing,etc). 200,000.00
Storm Sewers 18,000.00
Repairs Other 22,000.00
Street Signs 2,000.00
Snow Removal 6,000.00
Sanitary Sewers 372,600.00
Mowing/Landscaping 30,000.00
Total Public Works 650,600.00 23.02% 47.38%
City Building:
Principal and Interest 12,300.00
Utilities 4,000.00
* Electric
* Water
* Sewer
Janitorial 2,000.00
Maintenance 2,400.00
   Total City Building 20,700.00 0.73% 1.51%
Street & Traffic Lights:
    Street Lights - Utilities 30,000.00
* Street Lights
* Entrance Lights
* Accent Lighting
    Traffic Signal - Utilities 1,000.00
Total Street & Traffic Lights 31,000.00 1.10% 2.26%
Salaries:
City Clerk/Treasurer Salary 40,425.00
FICA W/H 808.50
Medicare W/H 586.16
KY Unemployment Ins. W/H 160.00
CERS 5,332.06
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 13,500.00
   Total Salaries 78,995.22 2.80% 5.75%
Attorney Expense:
City Attorney 36,000.00
Sewer Project 13,400.00
   Total Attorney Expense 49,400.00 1.75% 3.60%
Planning
Planning & Zoning 33,000.00
GIS Services 5,000.00
Boone County Urban Forestry 50,000.00
Total Planning 88,000.00 3.11% 6.41%
Union/Rice Cemetery Expense:
Repair / Maintenance 6,800.00
* Fencing
* Seeding & Cover
* Mulching
Other
Total Union/Rice Cemetery Expense 6,800.00 0.24% 0.50%
Insurance Expense:
Liability 5,000.00
Bonding 500.00
Workers Compensation Trust 550.00
Total Insurance Expense 6,050.00 0.21% 0.44%
County PVA Fees:
Use of County Assessment Role 17,000.00
Tax Bill Preparation 0.00
County PVA - Other 0.00
   Total PVA Fees 17,000.00 0.60% 1.24%
Engineer Expense:
Time 64,000.00
Sanitary Sewer 105,000.00
Mileage 50.00
Expense 0.00
Total Engineer Expense 169,050.00 5.98% 12.31%
Required Annual Audit 4,500.00 0.16% 0.33%
Miscellaneous Expense 500.00 0.02% 0.04%
Code of Ordinances Update 4,000.00 0.14% 0.29%
Legal Advertising 4,000.00 0.14% 0.29%
Interlocal Agreements 1,200.00 0.04% 0.09%
Telecommunication Expenses:
Telephone, Voicemail, Network, etc. 3,400.00
Total Telecomm. Expense 3,400.00 0.12% 0.25%
  Office Supplies 2,000.00 0.07% 0.15%
  Office Equipment & Repairs:
Computer Equipment and Repairs 1,500.00
Computer Software/Contingencies 10,000.00
Other Equipment - Purchases/Leases 6,000.00
Other Equipment - Repairs 500.00
   Total Equipment & Repairs 18,000.00 0.64% 1.31%
  Postage 500.00 0.02% 0.04%
Business/Travel Expenses:
City Clerk - Includes KLC 3,000.00
City Administrative Officer 3,000.00
Mayor/Commissioners 3,000.00
Total Business/Travel Expenses 9,000.00 0.32% 0.66%
Northern KY Area Development District 1,500.00 0.05% 0.11%
Northern Kentucky Regional Ethics Authority 500.00 0.02% 0.04%
* ($300 Annual Fee + $300 Setup Fee)
Petty Cash 500.00 0.02% 0.04%
Filing Fees 100.00 0.00% 0.01%
Professional Fees:
Accounting 300.00
Payroll 1,200.00
Other 1,300.00
Total Professional Fees 2,800.00 0.10% 0.20%
Dues & Subscriptions 2,300.00 0.08% 0.17%
Returned Checks 550.00 0.02% 0.04%
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 1,373,095.22 48.59% 100.00%
Excess of resources over / (under)
revenues 52,095.78
Estimated Fund Balance End
of Fiscal Year 1,452,695.78