HomeMy WebLinkAboutR-2021-044 Amending Fiscal Year 2020-2021 Budget for General Fund RESOLUTION NO. R-2021-044
A RESOLUTION AMENDING THE FISCAL YEAR 2020-2021 BUDGET FOR THE GENERAL
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 2020-2021 Budget
authorized by Resolution R-2020-040 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 General Fund for Fiscal Year 2020-2021 shall be
amended to increase Legal Fees by $400,000 and Lobbying Fees by $50,000, the total amount
of expenditures and transfers in such funds to $20,809,657.00, 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 1811 day of May 2021.
Kath een L. Rose, Mayor
AT-rEST: _
Robin Kincaid, ity.Clerk
EXHIBIT 1
FY2021 Operating and Capital Budget
Capital Community Capital Equip. Debt Service Tourism Tax Total
General Fund Improvement Fund Develop.Fund Fund Fund Fund All Funds
06/30/20 Balance(Est) S 17,060,037 $ 1,396,807 $ 2,637,340 $ 451,993 S 3,498,632 $ 691,366 $ 25,736,175
Permits&Licenses 95,300 - - - - - 95,300
Fees Fines&Forfeitures 240,500 - - - 240,500
Taxes 2,778,897 - - - 150,000 2,928,897
Interest on Accounts 350,000 400 10,000 60,000 420,400
Miscellaneous 187,117 - - - - 187,117
TIF Revenue - - 109,500 - 8,026,940 8,136,440
Reimb.from Other Entities 605,000 605,000
Sale of Land Proceeds 200,000 - 650,000 - - - 850,000
Real Estate Income 3,800,000 3,800,000
Missouri Gaming Commission 5,610,000 - - - - - 5,610,000
Subtotal 13,261,814 605,400 769,500 - 8,1186,940 150,000 22,873,654
Transfers From Other Funds 4,500,000 8,000,000 1,500 400,000 - - 12,901,500
Total Revenue 17,761,814 8,605,400 771,000 400,000 8,086,940 150,000 35,775,154
Available Funds $ 34,821,852 $ 10,002,207 $ 3,408,340 $ 851,993 S 11,585,572 S 841,366 $ 61,511,330
Expenditures
Elected Officials 58,519 - - - - 58,519
Administration 1,615,470 - - 60,000 150,000 1,825,470
Human Resources 160,000 - - - - - 160,000
Municipal Court 236,344 - - - - - 236,344
PS Administration 532,384 - - - - - 532,384
Police Services 2,991,997 - 197,418 - - 3,189,415
Operations Support 739,308 - - - - 739,308
Fire 2,098,238 - - 75,050 - - 2,173,288
Public Works 1,372,364 - - 34,200 - - 1,406,564
Engneering 293,850 - - - - - 293,850
Building Maintenance 362,500 - - - - - 362,500
Parks 393,000 - - - - - 393,000
Community Center 548,158 - - - - - 548,158
Community Development 556,026 - - - - - 556,026
Capital Project Expenditures - 8,609,000 2,000,000 - - - 10,609,000
Debt Service - - - - 4,913,974 - 4,913,974
Total Expenditures $ 11,958,157 $ 8,609,000 $ 2,000,000 $ 366,668 $ 4,913,974 $ 150,000 $ 27,997,799
Transfers To Other Funds 8,401,500 - - - 4,500,000 - 12,901,500
Total Expenditures&Transfers 20,359,657 8,609,000 2,000,000 366,668 9,413,974 150,000 40,899,299
Budget Amendment
1.Administration-Legal Fees 400,000
2.Administration-Lobbying Fees 50,000
Total Amended Expenditures 20,809,657 8,609,000 2,000,000 366,668 9,413,974 150.000 41,349,299
06/30/21 Fund Balance $ 14,012,194 $ 1,393,207 $ 1,408,340 S 485,325 $ 2,171,598 $ 691,366 S 20,162,030
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