HomeMy WebLinkAboutR-2018-036 Adopting 2018-2019 Annual Budget RESOLUTION NO. R—2018-036
A RESOLUTION ADOPTING THE FISCAL YEAR 2018-2019 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 2018-
2019 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 2018-2019 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 2018-2019 is hereby approved and adopted
authorizing and appropriating expenditures and transfers in the amount of$40,460,200 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;
c. The amount required for the payment of interest, amortization, and redemption
charges on the debt of the political subdivision; and
RESOLUTION NO. R—2018-036
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 day of May 2018.
Mayor Kathleen L. Rose
A T:
Rdbin KintaW, CityClerk
EXHIBIT A
2018/19 Operating Budget
Capital Community Capital Equip Debt Service Tourism Tax Total
General Fund Improvement Fund Develop.Fund Fund Fund Fund All Funds
06/30/18 Balance(Est) 14,026,002 1,405,870 3,125,005 218,498 4,249,992 501,547 23,526,914
Permits& Licenses 145,500 - - - 145,500
Fees Fines&Forfeitures 249,500 - 249,500
Taxes 2,894,660 - - 190,000 3,084,660
Interest on Accounts 60,000 400 50,000 110,400
Miscellaneous 365,500 - - - - 365,500
TIF Revenue - - 101,500 8,085,000 8,186,500
Reimb. from Other Entities 875,000 875,000
Sale of Land Proceeds - - -
Real Estate Income 4,400,000 4,400,000
Missouri Gaming Commission 6,700,000 - - - 6,700,000
Subtotal 14,815,160 875,400 101,500 - 8,135,000 190,000 24,117,060
Transfers From Other Funds 1,500,000 7,000,000 425,000 - - 8,925,000
Total Revenue 16,315,160 7,875,400 101,500 425,000 8,135,000 190,000 33,042,060
Available Funds 30,341,162 9,281,270 3,226,505 643,498 12,384,992 691,547 56,568,974
Expenditures
Administration 1,637,715 - 50,000 96,000 1,783,715
Human Resources 140,000 - - - 140,000
Municipal Court 231,309 - 231,309
PS Administration 530,663 - - 530,663
Police Services 2,699,833 - 152,000 2,851,833
Operations Support 701,536 - - - 701,536
Fire 1,917,624 - 100,000 - - 2,017,624
Public Works 1,405,051 - 133,000 - - 1,538,051
Engneering 274,798 - - - - 274,798
Building Maintenance 359,100 - - - 359,100
Parks 388,100 - 388,100
Community Center 525,380 525,380
Community Development 516,092 516,092
Board of Aldermen Contingency 3,503,000 - - 3,503,000
Capital Project Expenditures - 8,725,000 750,000 9,475,000
Debt Service - - - 6,699,000 - 6,699,000
Total Expenditures 14,830,200 8,725,000 750,000 435,000 6,699,000 96,000 31,535,200
Transfers To Other Funds 7,425,000 1,500,000 8,925,000
Total Expenditures&Transfers 22,255,200 8,725,000 750,000 435,000 8,199,000 96,000 40,460,200
06/30/19 Fund Balance 8,085,962 556,270 2,476,505 208,498 4,185,992 595,547 16,108,774