FISCAL YEAR BUDGET FOR CITY OF UNION, KENTUCKY
for the Fiscal Year July 1, 2004 to June 30, 2005
Budgeted Percent Of Percent Of
FYE-2005 Resources Revenue
Resources Available:
Fund Balance Carried Forward From FY 03/04:
       Money Market Savings 752,524.62
Business Checking Account 140,701.64
LGEAF - Coal & Mineral Fund 5,291.14
Municipal Road Fund 180,418.36
Union/Rice Cemetery Trust Fund 15,959.15
Total Balance Carried Forward 1,094,894.91 60.41% 152.61%
Revenue 2004-2005:
Tax Revenue 2003-2004:
Real Property (est.):
Current 600,000.00
Discount Allowance(2%) (12,000.00)
Delinquent Tax 20,000.00
Delinquent Tax - Penalty 4,500.00
Delinquent Tax - Interest 0.00
Total Real Property Tax 612,500.00 33.80% 85.37%
Tangible Property (est.):
Current 15,000.00
Discount Allowance(2%) (300.00)
Delinquent Tax 500.00
Delinquent Tax - Penalty 50.00
Delinquent Tax - Interest 0.00
Omitted Tangible Property 300.00
Total Tangible Taxes 15,550.00 0.86% 2.17%
Bank Deposits:
Current 1,500.00
Discount Allowance(2%) (30.00)
Delinquent Tax 0.00
Delinquent Tax - Penalty 0.00
Delinquent Tax - Interest 0.00
Total Bank Deposits 1,470.00 0.08% 0.20%
Total Tax Revenue 629,520.00 34.74% 87.74%
Municipal Road Funds:
Revenue Received 46,200.00
Total Municipal Road Funds 46,200.00 2.55% 6.44%
LGEAF - Coal & Mineral Fund:
Revenue Received 1,164.00
Total LGEAF - Coal & Mineral Fund 1,164.00 0.06% 0.16%
Budgeted Percent Of Percent Of
FYE-2005 Resources Revenue
Union/Rice Cemetery:
Revenue Received 5,000.00
Quarterly Income 250.00
Total Union/Rice Cemetery 5,250.00 0.29% 0.73%
Franchise Fees:
CATV - Revenue Received 25,000.00
Total Franchise Fees 25,000.00 1.38% 3.48%
Interest:
Interest Received - Money Market Savings Account 6,000.00
Interest Received - Business Checking Account 200.00
Interest Received - Municipal Road Fund 1,000.00
Interest Received - LGEAF 20.00
Interest Received - No Breakdown 0.00
Total Interest 7,220.00 0.40% 1.01%
Miscellaneous Income:
Grant Revenue 0.00
Refunds / Overpayments 3,000.00
Lien Release Fees 100.00
Miscellaneous Income 0.00
Total Miscellaneous Income 3,100.00 0.17% 0.43%
Total Revenue 2003-2004 717,454.00
Total Estimated Resources Available: 1,812,348.91
Budgeted Percent Of Percent Of
FYE-2005 Resources Appropriations
Appropriations:
Waste Collection: 131,000.00 7.23% 20.96%
Public Works:
Street Repairs (street sealing,etc). 100,000.00
* 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 32,600.00
Total Public Works 154,600.00 8.53% 24.73%
City Building:
Principal 10,000.00
Interest 2,000.00
Utilities 4,500.00
* Electric
* Water
* Sewer
Janitorial 1,200.00
Maintenance 3,000.00
   Total City Building 20,700.00 1.14% 3.31%
Street & Traffic Lights:
    Street Lights - Utilities 30,000.00
* Street Lights
* Entrance Lights
* Accent Lighting
    Traffic Signal - Utilities 1,500.00
Total Street & Traffic Lights 31,500.00 1.74% 5.04%
Budgeted Percent Of Percent Of
FYE-2004 Resources Appropriations
Salaries:
City Clerk/Treasurer 32,500.00
Federal W/H 2,600.00
Medicare W/H 471.25
Boone County 471.25
Kentucky W/H 1,950.00
KY Unemployment Ins. W/H 160.00
CERS 2,756.00
Total City Clerk/Treasurer 40,908.50
Office Assistant 12,000.00
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 12,000.00
   Total Salaries 79,483.50 4.39% 12.72%
Attorney Expense:
City Attorney 10,000.00
Other 500.00
   Total Attorney Expense 10,500.00 0.58% 1.68%
Planning & Zoning 26,000.00 1.43% 4.16%
Boone County Urban Forestry 20,000.00 1.10% 3.20%
Dinsmore Homestead 1,000.00 0.06% 0.16%
Union/Rice Cemetery Expense:
Repair / Maintenance 18,000.00
* Fencing
* Seeding & Cover
* Mulching
Other 3,000.00
Total Union/Rice Cemetery Expense 21,000.00 1.16% 3.36%
Insurance Expense:
Liability 4,958.00
Workers Compensation Trust 558.00
Total Insurance Expense 5,516.00 0.30% 0.88%
County PVA Fees:
Use of County Assessment Role 13,440.00
Tax Bill Preparation 100.00
County PVA - Other 0.00
   Total PVA Fees 13,540.00 0.75% 2.17%
Budgeted Percent Of Percent Of
FYE-2005 Resources Appropriations
Engineer Expense:
Time 70,000.00
Mileage 1,500.00
Expense 500.00
Total Engineer Expense 72,000.00 3.97% 11.52%
Required Annual Audit 4,000.00 0.22% 0.64%
Miscellaneous Expense 1,000.00 0.06% 0.16%
Code of Ordinances Update 1,500.00 0.08% 0.24%
Legal Advertising 2,000.00 0.11% 0.32%
Interlocal Agreements 1,300.00 0.07% 0.21%
Telecommunication Expenses:
Telephone, Voicemail, etc 2,640.00
Total Telephone Expense 2,640.00 0.15% 0.42%
  Office Supplies 1,000.00 0.06% 0.16%
  Office Equipment & Repairs:
Computer Equipment - Repairs 1,000.00
Computer Software/Contingencies 2,000.00
Other Equipment - Purchases/Leases 5,000.00
Other Equipment - Repairs 500.00
   Total Equipment & Repairs 8,500.00 0.47% 1.36%
  Postage 2,000.00 0.11% 0.32%
Business/Travel Expenses:
City Clerk - Includes KLC 3,000.00
Mayor/Commissioners 1,500.00
Total Business/Travel Expenses 4,500.00 0.25% 0.72%
Northern KY Area Development District 2,000.00 0.11% 0.00%
Northern Kentucky Regional Ethics Authority 600.00 0.03% 0.00%
* ($300 Annual Fee + $300 Setup Fee)
Petty Cash 200.00 0.01% 0.03%
Filing Fees 200.00 0.01% 0.03%
Budgeted Percent Of Percent Of
FYE-2004 Resources Appropriations
Professional Fees:
Accounting 3,000.00
Payroll 700.00
Other 200.00
Total Professional Fees 3,900.00 0.22% 0.62%
Dues & Subscriptions 2,000.00 0.11% 0.32%
Returned Checks 600.00 0.03% 0.10%
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 625,079.50 34.49% 100.00%
Excess of resources over / (under)
appropriations 92,374.50
Estimated Fund Balance End
of Fiscal Year 1,187,269.41