HomeMy WebLinkAboutR-2014-025 Amending the Fiscal Year 2013-2014 Budget RESOLUTION NO. R-2014-025
A RESOLUTION AMENDING THE FISCAL YEAR 2013-2014 BUDGET FOR THE GENERAL
FUND, THE DEBT SERVICE FUND, AND THE CAPITAL IMPROVEMENT 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 2013-2014 Budget
authorized by Resolution R-2013-042 as set forth herein;
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE
CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS:
THAT the Annual Budget for the General Fund for Fiscal Year 2013-14 shall be
amended to increase the amount in such fund to $12,361,612.00 as set forth in Exhibit 1
attached hereto and incorporated herein;
FURTHER THAT the Annual Budget for the Levee Repayment Fund for Fiscal Year
2013-2014 shall be amended to increase the amount in such fund to $16,140,500.00 as set
forth in Exhibit 1 attached hereto and incorporated herein;
FURTHER THAT the Annual Budget for the Capital Improvement Fund for Fiscal Year
2013-2014 shall be amended to increase the amount in such fund to $17,337,500.00 as set
forth in Exhibit 1 attached hereto and incorporated herein; and
PASSED AND ADOPTED by the Board of Aldermen and APPROVED by the Mayor of the
City of Riverside, Missouri, the�day of 2014.
U
Kkhleen L. Rose, Mayor
ATTEST;' ^
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Robin Littrell, „ity Clerk
Budget Amendment 2013-14 Budget
Capital Community Capital Equip Debt Service Tourism Tax Total
General Fund Improvement Fund Develop.Fund Fund Fund Fund All Funds
Expenditures
Administration 1,675,247 - - 70,000 - 175.000 1,920,247
Human Resources 176,500 176,500
Municipal Court 176,800 - - - - 176,800
PS Administration 555,578 - - - - - 555,578
Police Services 2,181,538 - - 112,000 - - 2,293,538
Operations Support 764,859 - - - - - 764,859
Fire 1,495,871 - - 30,000 - - 1,525,871
Public Works 1,254,181 - 71,000 - - 1,325,181
Capital Projects 285,501 - - - 285,501
Building Maintenance 330,100 - 330,100
Parks 277,100 - 277,100
Community Center 356,554 356,554
Community Development 377,782 - - 377,782
Capital Project Expenditures - 11,337,500 3,293,000 - 14,630,500
Debt Service - - - - 6,840,500 - 6,840,500
Total Expenditures 9,907,612 11,337,500 3,293,000 283,000 6,840,500 175,000 31,836,612
Transfers To Other Funds 2,400,000 415001000 - - - - 6,900,000
Total Expenditures&Transfers 12,307,612 15,837,500 3,293,000 283,000 6,840,500 175,000 38,736,612
Budget Amendment
Total Adopted Budget 12,307,612 15,837,500 3,293,000 283,000 6,840,500 175,000 38,736,612
Blight removal program 32.000 32,000
Public Safety Custodial Services 22.000 22,000
Road&Utility Extensions for Horizons 4 1,500,000 1,500,000
Refunding Bonds 9,000,000 9,000,000
Horizons Industrial 4 300,000 300,000
Total Additional Expenditures 54,000 1,500,000 - - 9,300,000 - 10,854,000
Total Expenditures&Transfers 12,361,612 17,337,500 3,293,000 283,000 16,140,500 175,000 49,590,612
Ordinance#1263 established blight removal and reinvestment program.
Resolution 2013-112 authorized custodial services for public safety building
Ordinance#1300 authorized extension of roads and utilities for Horizons 4
Ordinance#1298 authorized issuance of refunding bonds
Ordinance#1248 authorized sale of Horizons Industrial 4 land and subsequent payment to debt service.
Budget Amendment 2013-14 Budget
Capital Community Capital Equip Debt Service Tourism Tax Total
General Fund Improvement Fund Develop.Fund Fund Fund Fund All Funds
06/30/13 Balance(Est) 6,840,552 7,379,661 716,053 92,671 4,723,671 402,670 20,155,278
Permits&Licenses 82,600 - - - - - 82,600
Fees Fines&Forfeitures 338,900 - 338,900
Taxes 2,177,100 - - - - 175,000 2,352,100
Investment Income 100,000 700 400 - 50,000 - 151,100
Real Estate Income 4,040,000 - - - 4,040,000
Miscellaneous 94,500 - - - - 94,500
Subtotal 6,833,100 700 400 - 50,000 175,000 7,059,200
Assigned Income:
TIF Revenue - 91.500 - 4,227,000 - 4,318,500
Reimb. from Other Entities 1,760,000 1,760,000
Sale of Land Proceeds - - - 120,000 120,000
Bond Proceeds - 2.250,000 2,250,000
Missouri Gaming Commission - 7,185,000 - - - 7,185,000
Total Assigned Income 8,945,000 2,341,500 - 4,347,000 15,633,500
Transfers From Other Funds 2,000,000 2,000,000 400,000 2,500,000 6,900,000
Total Revenue 8,833,100 8,945,700 4,341,900 400,000 6,897,000 175,000 29,592,700
Available Funds 15,673,652 16,325,361 5,057,953 492,671 11,620,671 577,670 49,747,978
Budget Amendment
Total Adopted Revenues 15,673,652 16.325.361 5,057,953 492,671 11,620,671 577,670 49,747,978
Developer Contribution 765,000 765,000
Refunding Bonds 9,OOO,000 9,000,000
Horizons Industrial 4 Land Sale 300,000 300,000
Total Revenues&Transfers 15,673,652 17,090,361 5,057,953 492,671 20,920,671 577,670 59,812,978