HomeMy WebLinkAboutR-2016-022 Adopt Annual Budget 2016-2017 RESOLUTION NO. R— 2016-022
A RESOLUTION ADOPTING THE FISCAL YEAR 2016-2017 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 2016-
2017 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 2016-2017 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 2016-2017 is hereby approved and adopted
authorizing and appropriating expenditures and transfers in the amount of$23,841,828 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—2016-022
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,�,I�day of June, 2016.
(.L.�
Mayor Kathleen L. F&se
A/f
RobinKinca City Clerk
2016/17 Operating Budget
Capital Community Capital Equip Debt Service Tourism Tax Total
General Fund Improvement Fund Develop. Fund Fund Fund Fund All Funds
06/30/16 Balance(Est) 6,211,501 2,467,102 387,514 257,722 5,499,528 448,587 15,271,954
Permits&Licenses 95,500 - - - - - 95,500
Fees Fines& Forfeitures 261,500 - 261,500
Taxes 2,449,450 - - 220,000 2,669,450
Interest on Accounts 35,000 400 30,000 65,400
Miscellaneous 105,737 - - - - 105,737
TIF Revenue - - 101,500 6,754,000 - 6,855,500
Reimb. from Other Entities 23,000 23,000
Sale of Land Proceeds - - 200,000 - 200,000
Real Estate Income 4,300,000 4,300,000
Missouri Gaming Commission 6,400,000 - - - - 6,400,000
Subtotal 13,647,187 23,400 101,500 - 6,984,000 220,000 20,976,087
Transfers From Other Funds 300,000 2,000,000 300,000 - - 2,600,000
Total Revenue 13,947,187 2,023,400 101,500 300,000 6,984,000 220,000 23,576,087
Available Funds 20,158,688 4,490,502 489,014 557,722 12,483,528 668,587 38,848,041
Expenditures
Administration 1,559,590 - - 117,400 - 150,000 1,826,990
Human Resources 140,000 140,000
Municipal Court 199,246 - - - - 199,246
PS Administration 500,111 - - - - - 500,111
Police Services 2,286,700 - - 85,000 - - 2,371,700
Operations Support 645,195 - - - - - 645,195
Fire 1,748,207 - - 58,000 - - 1,806,207
Public Works 1,281,747 - - 100,000 - - 1,381,747
Engneering 224,316 - - - - - 224,316
Building Maintenance 334,500 - - - - - 334,500
Parks 422,600 - - - - - 422,600
Community Center 418,490 - - - - - 418,490
Community Development 503,726 - - - - - 503,726
Capital Project Expenditures - 3,778,000 - - - - 3,778,000
Debt Service - - - - 6,689,000 - 6,689,000
Total Expenditures 10,264,428 3,778,000 - 360,400 6,689,000 150,000 21,241,828
Transfers To Other Funds 2,300,000 - - - 300,000 - 2,600,000
Total Expenditures&Transfers 12,564,428 3,778,000 - 360,400 6,989,000 150,000 23,841,828
06/30/17 Fund Balance 7,594,260 712,502 489,014 197,322 5,494,528 518,587 15,006,213