HomeMy WebLinkAboutR-2012-032 Budget Amendment RESOLUTION NO. R-2012-032
A RESOLUTION AMENDING THE FISCAL YEAR 2011-2012 BUDGET FOR THE GENERAL
FUND, THE DEBT SERVICE FUND, THE CAPITAL IMPROVEMENT FUND, AND THE
COMMUNITY DEVELOPMENT FUND OF THE CITY OF RIVERSIDE, MISSOURI.
WHEREAS, the Board of Aldermen find it is in the best interest of the citizens of the City
of Riverside to authorize and approve amendments to the Fiscal Year 2011-2012 Budget
authorized by Resolution R-2011-041 as set forth herein;
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE
CITY �F RIVERSIDE, MISSOURI, AS FOLLOWS:
THAT the Annual Budget for the General Fund for Fiscal Year 2011-12 shall be
amended to increase the amount in such fund to $22,197,852 as set forth in Exhibit 1 attached
hereto and incorporated herein;
FURTHER THAT the Annual Budget for the Levee Repayment Fund for Fiscal Year
2011-2012 shall be amended to increase the amount in such fund to $9,225,105 as set forth in
Exhibit 1 attached hereto and incorporated herein;
FURTHER THAT the Annual Budget for the Capital Improvement Fund for Fiscal Year
2011-2012 shall be amended to increase the amount in such fund to $26,665,500 as set forth in
Exhibit 1 attached hereto and incorporated herein; and
FURTHER THAT the Annual Budget for the Community Development Fund for Fiscal
Year 2011-2012 shall be amended to increase the amount in such fund to $5,692,000 as set
forth in Exhibit 1 attached hereto and incorporated herein.
PASSED AND ADOPTED by the Board of Aldermen and APPROVED by the Mayor of the
City of Riverside, Missouri, the _� day of �'1�'�dtJ� , 2012.
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. , e Kathleen L. Rose, Mayor
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ATT�ST: Approv Form:
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Robin Littrell, City Clerk anc om�SSon, City Attorney
2011-12 Rudget Amcndment
Capital Community Capital Equip Debt Service Tourism Txz Total
General Fund improvement Fund Develap. Fund Fund Fund Fund All Funds
F.xpenditures
OperatingGxpenditures 9,127,852 254,380 471,922 9,854,154
Capital Project Expenditures - 20,604,500 500,000 - - - 21,104,500
Debt Service - - - - 5,915,905 - 5,915,905
Total Expenditnres 9,127,852 20,604,500 500,000 254,3R0 5,915,905 471,922 36,874,559
Transfers To Other Funds 7,800,000 3,150,000 - - - - 10,950,UU0
Total Expenditures & Transfers 16,927,852 23,754,500 500,000 254,380 5,915,905 471,922 47,824,559
Budget Amendment
Total Adopted Budget 16,927,852 23,754,500 500,000 254,380 �,91 �,905 471,922 47,824,559
NorthPointe Horizons Amendment 920,000 920,000
Northwood Road Phase 3 385,000 385,000
Mattox Road 1,606,000 1,606,000
Ameel Property Acquisition 1,075,000 1,075,000
Carr Properry Acquisition 65,000 65,000
Other Property Acquisitions 4,000,000 4,000,000
Master Plan West and South sz,oau 52,000
2011 A Rcfunding Bonds 2,403,000 2,403,000
Project Caps Uebt Release r�� ; 210,200
Iiorizons Industrial I, LLC Debt Relcasc 196,000 196,000
Other ncbt Release - 500,000
Transfers to Other Punds 5,270,000 �.Z��.���
Total Expenditures & Transfers 22,197,852 26,665,500 S,G92,000 254,380 9,225,105 471,922 fiA,5D6,759
NorthPointe Horizons Amendment to move some Phase 2 F.xpenditures to Phase 1- approved by BOA motion on Z/7/ 12
Northwood Road Phase 3- SKW approved by BOA resolution 1t2011-090, reimbursement by KCMO Ordinance #1053
Mattox Road
Engineering approved by BOA ordinance #1092 on 12/13/11 72,000
Construction management approved by BO.A resolution #2012-019 64,000
Construction estimate 1,430,000
O[her 40,000
Ameel Property Acquistion - approved by BOA resolution #201 1-1 OR on 12/13�`1 1
Carr Property .4cyuisi6on - approved hy BOA resoultion #2011-107 on 12/13/11
Other Yroperry Acquisitions - proposed a[ time of amendment
Master Plan West and South - approved by ROA resolution #2011-100 on 12/06/11
Refundin� Bonds - approved by B0:1 ordinancc ;{ I 074 on 6rZ1;1 I ��� ��
Projeci Caps Debt Release - approved by BOA resolution #2011-Q97 on l lf 1�i l 1
Harizons Indus[riul L LLC' Dabt Release - approve�l by BO=� resolution �#201 �-009 on 1/17112
2011-12 Budget Amendment
Capital Community Capital Equip llebt Service Tourism Tax Total
General Fund Improvement Fund Develop. Fund Fund Fund Fund All Funds
Revenues
Permits & Licenses 70,60D 70,600
Fees Fincs & Forfeitures 318,200 318,200
Taxes 2,089,000 175,000 2,264,000
Investment Tncome 610,000 I 0,000 5,000 40,000 5,000 670,000
Real F.state Income 4, I 82,500 4,1 R2,500
Miscellaneous 101,072 101,072
Assigned Income: - 10,449,250 91,500 2,733,905 13,274,655
Total Revcnucs 7,371,372 10,4�9,250 9(,500 - 2,773,905 180,000 20,RR1,027
Transfers Trom Other Funds - G,500,000 I,000,000 300,000 3,150,000 - 10,950,000
Total Revenues & Transters 7,371,372 16,959,250 1,096,500 300,000 5,923,905 180,000 31,831,027
Budget Amendment
Total Adopted Revenues 7,371,372 16,959,250 1,096,500 300,000 5,923,905 18Q000 31,R31,027
NorthPointe Iiorizons Amendment 469,200 469,200
Northwood Road Phase 3 385,000 385,000
Mattox Road - CUBG 1,000,000 1,000,000
2011 A Refunding Bonds 2,403,000 2,403,000
Land Sale Proceeds - Caps ,,, _=�,189,i�;j 1,189,000
Land Sale Proceeds - Horizons Realry 196,000 196,000
Land Sale Proceeds - Other - 500,000
Transfers from other Funds 1,056,800 5,192,000 (978,800) 5,270,000
Total Revenues & Transfers 7,371,372 19,870,250 b,2RR,500 300,000 9,233,105 I80,000 43,243,227