HomeMy WebLinkAboutR-2014-039 2014-2015 Budget RESOLUTION NO. R—2014-039
A RESOLUTION ADOPTING THE FISCAL YEAR 2014-2015 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 2014-
2015 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 2014-2015 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 2014-2015 is hereby approved and adopted
authorizing and appropriating expenditures in the amount of$32,585,862 as set forth in Exhibit
A 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—2014-039
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 "jday of June, 2014.
Mayor Kathleen L. Rose
Robin Littrell,Cit',.Clerk
2014/15 Adopted 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) 4,888,530 4.075,470 174,784 172,241 5,043,585 415,283 14,769,893
Permits&Licenses 81,200 - - - - 81,200
Fees Fines&Forfeitures 364,700 - 364,700
Taxes 2,321,000 - - - 175,000 2,496,000
Investment Income 50,000 700 400 50,000 - 101,100
Real Estate Income 4,000,000 - - 4,000,000
Miscellaneous 122,054 - - - - 122,054
btotal 6,938,954 700 400 - 50,11110 175,000 7,165,054
Assigned Income:
TIF Revenue - - 101,500 - 5,118,000 - 5,219,500
Reimb. from Other Entities 4.418.000 4,418,000
Sale of Land Proceeds - - - 190,575 - 190,575
Bond Proceeds - 1,100,000 1,100,000
Missouri Gaming Commi 6,032,500 - - - - 6,032,500
Total Assigned Income - 10,450,500 1,201,500 - 5,308,575 - 16,960,575
Transfers From Other Fum 3,500,000 - - 350,000 1,050,000 - 4,900,000
Total Revenue 10,438,954 10,451,200 1,201,900 350,000 6,408,575 175,000 29,025,629
Available Funds 15,327,484 14,526,670 1,376,684 522,241 11,452,160 590,283 43,795,522
Expenditures
Administration 1,632,633 - - 6t, >oIi 175,000 1,869,533
Human Resources 156,000 156,000
Municipal Court 188,076 - - - 188,076
PS Administration 527,371 - - - 527,371
Police Services 2,319,890 - - 110,000 - - 2,429,890
Operations Support 636,690 - - - - - 636,690
Fire 1,634,773 - - 45.000 - - 1,679,773
Public Works 1,278,560 - - 18,000 - - 1,296,560
Capital Projects 231,344 - - - - - 231,344
Building Maintenance 331,600 - - - - - 331,600
Parks 322,600 - - - - - 322,600
Community Center 382,235 - - - - - 382,235
Community Development 415,015 - - - - - 415,015
Capital Project Expenditures - 9,190,000 650,000 - - - 9,840,000
Debt Service - - - - 7.218.575 - 7,218,575
Total Expenditures 10,056,787 9,190,000 650,000 234,900 7,218,575 175,000 27,525,262
Transfers To Other Funds 510,600 4550.000 - - - 5,060,600
Total Expenditures&Transf 10,567,387 13.740.000 650,000 234,900 7118.575 175,000 32,585,862
06/30/14 Fund Balance 4,760,097 786,670 726,684 287341 4,233,585 415,283 11,209,660