HomeMy WebLinkAboutR-2018-027 Amending Budget for 2017-2018 Fiscal Year RESOLUTION NO. R-2018-027
A RESOLUTION AMENDING THE FISCAL YEAR 2017-2018 BUDGET FOR THE DEBT
SERVICE 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 2017-2018 Budget
authorized by Resolution R-2017-033 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 Levee Repayment Fund for Fiscal Year 2017-2018
shall be amended to increase the amount in such fund to $30,880,836.00 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 3'd day of April 2018.
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Ka een L. Rose, Mayor
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2017/18 Operating Budget
Capital Community Capital Equip Debt Service Tourism Tax Total
General Fund Improvement Fund Develop.Fund Fund Fund Fund All Funds
Permits&Licenses 95,500 95,500
Fees Fines&Forfeitures 280,500 - 280,500
Taxes 2,701,960 - - 190,000 2,891,960
Interest on Accounts 35,000 400 30,000 - 65,400
Miscellaneous 164,737 - - - - 164,737
TIF Revenue - - 101,500 7,280,000 - 7,381,500
Reimb. from Other Entities 50,000 - - - 50,000
Sale of Land Proceeds - - 200,000 - 200,000
Real Estate Income 4,400,000 - - 4,400,000
Missouri Gaming Commission 6,600,000 - - - 6,600,000
Transfers From Other Funds 1,500,000 2,500,000 300,000 - 4,300,000
Total Revenue 15,777,697 2,550,400 101,500 300,000 7,510,000 190,000 26,429,597
Budget Amendment
Bond Proceeds 19,960,000 19,960,000
Transfer from Other Funds 2,500,000 2,500,000
Total Additions - - 2,500,000 - 19,960,000 - 22,460,000
Total Amended Budget 15,777,697 2,550,400 2,601,500 300,000 27,470,000 190,000 48,889,597
2017/18 Operating Budget
Capital Community Capital Equip Debt Service Tourism Tax Total
General Fund Improvement Fund Develop. Fund Fund Fund Fund All Funds
Expenditures
Administration 1,663,200 - - 100,000 146,000 1,909,200
Human Resources 140,000 - - - - 140,000
Municipal Court 210,478 - - - - - 210,478
PS Administration 502,897 - - 3,400 - - 506,297
Police Services 2,649,372 - - 184,500 - - 2,833,872
Operations Support 679,880 - - 31,000 - - 710,880
Fire 1,807,402 - - 67,000 - - 1,874,402
Public Works 1,342,086 - - 54,000 - - 1,396,086
Engneering 234,782 - - - - - 234,782
Building Maintenance 342,700 - - - - - 342,700
Parks 389,100 - - - - - 389,100
Community Center 423,468 - - - - - 423,468
Community Development 498,237 - - - - - 498,237
Capital Project Expenditures - 2,505,000 - - - - 2,505,000
Debt Service - - - - 6,920,836 - 6,920,836
Transfers To Other Funds 2,800,000 - - - 1,500,000 - 4,300,000
Total Expenditures&Transfers 13,683,601 2,505,000 - 439,900 8,420,836 146,000 25,195,337
Budget Amendment
Bond Issuance Costs 200,000 200,000
Payment to Refunded Bonds 19,760,000 19,760,000
Transfers to other Funds 2,500,000 2,500,000
Total Additions - - - 22,460,000 22,460,000
Total Amended Budget 13,683,601 2,505,000 - 439,900 30,880,836 146,000 47,655,337
06/30/17 Balance(Est) 9,690,001 2,502,110 499,254 286,774 6,180,493 501,547 19,660,179
06/30/18 Fund Balance 11,784,097 2,547,510 1,100,754 146,874 2,769,657 545,547 20,894,439