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Home My WebLink AboutR-2011-041 Annual Budget 2011-2012 RESOLUTION NO. R — 2011-041 A RESOLUTION ADOPTING THE FISCAL YEAR 2011-2012 ANNUAL BUDGET FOR THE CITY OF RIVERSIDE, MISSOURI. WHEREAS, the Board of Aldermen adopted a fiscal year that begins on July 1 of each year and ends on June 30 of the following year; and WHEREAS, the Finance Director, in consultation with city staff, the City Administrator, and the Mayor and Board of Aldermen, has prepared a proposed budget for Fiscal Year 2011- 2012 and submitted it to the Board of Aldermen, in accordance with Chapter 67 of the Missouri Revised Statutes; and WHEREAS, the Board of Aldermen has studied, examined and discussed the proposed budget in public meetings and amended the proposed budget with such revisions, alterations, increases or decreases as the Board deems advisable; and WHEREAS, the total expenditures from the various funds in the proposed budget, as amended by the Board of Aldermen, do not exceed the estimated revenues to be received plus any unencumbered balances, as required by Chapter 67 of the Missouri Revised Statutes; and WHEREAS, the Board of Aldermen find it is in the best interest of the citizens of the City of Riverside to adopt the Fiscal Year 2011-2012 Budget attached hereto and made a part hereof by reference; NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN FOR THE CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS: THAT the Annual Budget for the Fiscal Year 2011-2012 is hereby approved and adopted authorizing and appropriating expenditures in the amount of $36,874,558 as set forth in Exhibit 1 attached hereto and incorporated herein. FURTHER THAT said budget includes the following information: a. A budget message, describing the important features of the budget and major changes from the preceding year; b. Estimated revenues to be received from all sources for the budget year, with a comparative statement of actual or estimated revenues for the two years next preceding, itemized by year, fund, and source; c. Proposed expenditures for each department, office, commission, and other classification for the budget year, together with a comparative statement of actual or estimated expenditures for the two years next preceding, itemized by year, fund, activity, and object; RESOLUTION NO. R — 2011-041 c. The amount required for the payment of interest, amortization, and redemption charges on the debt of the political subdivision; and e. A general budget summary. PASSED AND ADOPTED by the Board of Aldermen and APPROVED by the Mayor of the City of Riverside, Missouri, the �/d�ay of June, 2011. c�l��L� Mayor Kathleen L. Rose ATTEST:� `°� ��.�e_.PQ . Robin Littrell, City Clerk � Approve a to Form: , �� an ho pson, City Attorney 2011/12 Adopted Budget Capital Community General Fund Improvement Fund Develop. Fund 06/30/11 Balance (Est) 21,967,272 6,995,710 2 Permits & Licenses 70,600 - - Pees Fines & Forfeitures 318,200 - - Taxes 2,089,000 - - Investment Income 610,000 10,000 5,000 Real Estate Income 4,182,500 - - Miscellaneous 101,072 - - Subtotal 7,371,372 10,0011 5,000 Assigned Income: TIF Revenue - - 91,500 Reimb. from Other Entities 2,268,000 Sale of Land Proceeds - - - Missouri Gaming Commission - 8,181,250 - Total Assigned Incomc - 10,449,250 91,500 Transfcrs From Other Funds - 6,500,000 1,000,000 T'otal Revenue 7,371,372 16,9i9,250 1,096,500 Available Funds 29,338,644 23,954,960 3,403,707 Expenditures Administration 1,822,317 - - Municipal Court 158,595 - - PS Administration 516,536 - - Police Services 2,166,482 - - Operations Support 693,455 - - Fire 1,321,659 - - Public Works 985,697 - - Building Safety/Codes 160,030 - - Building Maintenance 284,500 - - Parks 224,000 - - Community Center 374,141 - - Community Development 420,440 - - Capital Project Expenditures - 20,604,500 500,000 Debt Service - - - Total Expenditures 9,127,850 2U,604,SOU 500,000 Transfers To Other Funds 7,800,000 3,150,400 - Total Expenditures & Transfers 16,927,850 23,754,500 500,000 06/30/12 Fund Balance 12,410,794 200,460 2,903,707 Capitxl F.quil7 Debt Service Tourism Tas Total Fund Fund Fund AllFunds 389,317 4,383,704 391,922 36,435,132 _ _ 70,600 _ _ 318,200 - 175,040 2,264,000 _ 40,000 5,000 670,OOQ _ _ _ 4,182,500 _ - 101,072 40,000 180,000 7,606,372 - 2,494,325 - 2,585,825 2,26s,000 - 239,580 - 239,580 _ _ _ 8,181,250 - 2,733,905 - 13,274,655 300,U00 3,150,000 - 10,950,000 3{►��,p�►�) 5,923,905 180,000 31,831,028 689,317 10,307,609 571,922 68,266,160 63,0p�� - 471,922 2,357,239 _ _ 158,595 _ _ 516,536 110.8RU - - 2,277,362 _ _ 693,455 _ _ - 1,321,659 �� _ _ 1,061,097 _ _ 160,030 _ _ 284,500 _ _ _ 224,OOU 5. I I��t� - - 379,241 _ _ 420,440 _ _ 2],104,500 - 5,915,905 - 5,915,905 2�4,380 5,915,905 471,922 36,874,558 _ _ _ 10,950,000 25-1,;Ril 5,915,905 471,922 47,824,558 :�3:�,y3'7 4,391,7U4 100,000 20,441,602 ._ _.. _..�