HomeMy WebLinkAboutR-2013-042 Annual Budget RESOLUTION NO. R — 2013 -042
A RESOLUTION ADOPTING THE FISCAL YEAR 2013 -2014 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 2013-
2014 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 2013 -2014 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 2013 -2014 is hereby approved and adopted
authorizing and appropriating expenditures in the amount of $38,736,612 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 — 2013 -042
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 th Board of Aldermen and APPROVED by the Mayor of
the City of Riverside, Missouri, the 7/ an of June, 2013.
Mayor Kathleen L. Rose
ATT ST:
Robin Littrell, ity Clerk
2013/14 Requested Budget
Capital Community
General Fund Improvement Fund Develop. Fund
06/30/13 Balance (Est) 6,840,552 7,379,661 716,053
Permits & Licenses 82,600 - -
Fees Fines & Forfeitures 338,900 - -
Taxes 2,177,100 - -
Investment Income 100,000 700 400
Real Estate Income 4,040,000 - -
Miscellaneous 94,500 - -
Subtotal 6,833,100 700 400
Assigned Income:
TIF Revenue - - 91,500
Reimb. from Other Entities 1,760,000
Sale of Land Proceeds - - -
Bond Proceeds - - 2,250,000
Missouri Gaming Commission - 7,185,000 -
Total Assigned Income - 8,945,000 2,341,500
Transfers From Other Funds 2,000,000 - 2,000,000
Total Revenue 8,833,100 8,945,700 4,341,900
Available Funds 15,673,652 16,325,361 5,057,953
Expenditures
Administration 1,675,247 - -
Human Resources 176,500
Municipal Court 176,800 - -
PS Administration 555,578 - -
Police Services 2,181,538 - -
Operations Support 764,859 - -
Fire 1,495,871 - -
Public Works 1,254,181 - -
Capital Projects 285,501 - -
Building Maintenance 330,100 - -
Parks 277,100 - -
Community Center 356,554 - -
Community Development 377,782 - -
Capital Project Expenditures - 11,337,500 3,293,000
Debt Service - - -
Total Expenditures 9,907,612 11,337,500 3,293,000
Transfers To Other Funds 2,400,000 4,500,000 -
Total Expenditures & Transfers 12,307,612 15,837,500 3,293,000
06/30/14 Fund Balance 3,366,040 487,861 1,764,953
Capital Equip Debt Service Tourism Tax Total
Fund Fund Fund All Funds
92,671 4,723,671 402,670 20,155,278
- - 82,600
- - - 338,900
- - 175,000 2,352,100
- 50,000 - 151,100
- - - 4,040,000
- - 94,500
- 50,000 175,000 7,059,200
4,227,000 - 4,318,500
1,760,000
- 120,000 - 120,000
2,250,000
- - - 7,185,000
- 4,347,000 - 15,633,500
400,000 2,500,000 - 6,900,000
400,000 6,897,000 175,000 29,592,700
492,671 11,620,671 577,670 49,747,978
70,000 - 175,000 1,920,247
176,500
- - - 176,800
- - - 555,578
112,000 - - 2,293,538
- - - 764,859
30,000 - - 1,525,871
71,000 - - 1,325,181
- - - 285,501
- - - 330,100
- - - 277,100
- - - 356,554
- - - 377,782
- - - 14,630,500
6,840,500 - 6,840,500
-
283,000 6,840,500 175,000 31,836,612
- - - 6,900,000
283,000 6,840,500 175,000 38,736,612
209,671 4,780,171 402,670 11,011,366