HomeMy WebLinkAboutR-2015-027 2015-2015 Annual Budget RESOLUTION NO. R—2015-027
A RESOLUTION ADOPTING THE FISCAL YEAR 2015-2016 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 2015-
2016 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 2015-2016 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 2015-2016 is hereby approved and adopted
authorizing and appropriating expenditures and transfers in the amount of$26,154,569 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 —2015-027
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 7N=" day of June, 2015.
4h AX
yor Kathleen L. Rose
Pr�n,
Robin Littrell, City C)erk�
0
2015/16 Operating Budget
Capital Community
General Fund Improvement Fund Develop. Fund
06/30/15 Balance (Est) 5,185,508 1,855,273 286,414
Permits & Licenses 95,500 - -
Fees Fines & Forfeitures 332,000
Taxes 2,377,600 - -
Investment Income 15,000 400 400
Real Estate Income 4,000,000 - -
Miscellaneous 122,360 - -
btotal 6,942,460 400 400
Assigned Income:
TIF Revenue - - 101,500
Reimb. from Other Entities 1,200,000
Sale of Land Proceeds - - -
Bond Proceeds - - 1,100,000
Missouri Gaming Commissior - 5,842,500 -
Total Assigned Income - 7,042,500 1,201,500
Transfers From Other Funds 3,000,000 - -
Total Revenue 9,942,460 7,042,900 1,201,900
Available Funds 15,127,968 8,898,173 1,488,314
Expenditures
Administration 1,564,835 - -
Human Resources 131,000
Municipal Court 189,796 - -
PS Administration 531,422 - -
Police Services 2,286,043 - -
Operations Support 641,997 - -
Fire 1,638,722 - -
Public Works 1,266,916 - -
Engneering 217,847 - -
Building Maintenance 334,000 - -
Parks 336,100 - -
Community Center 387,108 - -
Community Development 482,583 - -
Capital Project Expenditures - 4,724,700 650,000
Horizons CID Assessment 124,000
Debt Service - - -
Total Expenditures 10,132,369 4,724,700 650,000
Transfers To Other Funds 300,000 3,000,000 -
Total Expenditures & Transfers 10,432,369 7,724,700 650,000
06/30/16 Fund Balance 4,695,599 1,173,473 838,314
Capital Equip Debt Service Tourism Tax Total
Fund Fund Fund All Funds
239,820 5,161,362 415,283 13,143,660
- - - 95,500
- 332,000
- 175,000 2,552,600
50,000 - 65,800
4,000,000
- - 122,360
50,000 175,000 7,168,260
5,965,000 - 6,066,500
1,200,000
200,000 - 200,000
1,100,000
_ - 5,842,500
- 6,165,000 - 14,409,000
300,000 - 3,300,000
300,000 6,215,000 175,000 24,877,260
539,820 11,376,362 590,283 38,020,920
31,500 - 175,000 1,771,335
131,000
- 189,796
- 531,422
115,000 - - 2,401,043
- 641,997
- 1,638,722
106,000 - - 1,372,916
- - 217,847
- 334,000
- 336,100
- 387,108
30,000 - - 512,583
- 5,374,700
124,000
- 6,890,000 - 6,890,000
282,500 6,890,000 175,000 22,854,569
- 3,300,000
282,500 6,890,000 175,000 26,154,569
257,320 4,486,362 415,283 11,866,351