HomeMy WebLinkAboutR-2021-049 Adopting Fiscal Year 2021-2022 Annual Budget RESOLUTION NO. R — 2021-049
A RESOLUTION ADOPTING THE FISCAL YEAR 2021-2022 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, have prepared a proposed budget for Fiscal Year 2021-
2022 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 2021-2022 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 2021-2022 is hereby approved and adopted
authorizing and appropriating expenditures and transfers in the amount of $49,064,073 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— 2021-049
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. /Z day of June 2021.
M or Kathleen L. Rose
ATT ST:
Robin Kincaid, City Clerk
EXHIBIT A
FV2022 Operating and Capital Budget
Capital Community Capital Equip. Debt Service PSST Tourism Tax Total
General Fund Improvement Fund Develop.Fund Fund Fund Fund Fund All Funds
06/30/21 Balance(Est) $ 19,364,674 S 2,436,487 $ 2,744,410 S 567,229 S 1,888,615 S - $ 681,393 S 27,682,808
Permits&Licenses 145,300 - - - - - - 145,300
Fees Fines&Forfeitures 240,500 - - - - - - 240,500
Taxes 2,908,800 - - - - 541,613 150,000 3,600,413
Interest on Accounts 50,000 400 500 - 1,000 - - 51,900
Miscellaneous 517,117 - - _ _ _ _ 517,117
TIF Revenue - - 109,500 - 8,709,721 - - 8,819,221
Reimb.from Other Entities - 905,000 - - - - - 905,000
Sale of Land Proceeds 1,400,000 - 1,000,000 - - - 2,400,000
Real Estate Income 4,500,000 - - - - - 4,500,000
Missouri Gaming Commission 5,610,000 - - - - - - 5,610,000
Subtotal 15,3719717 905,400 1,110,000 - 8,7109721 541,613 150,000 26,789,450
Transfers From Other Funds 4,000,000 11,000,000 1,500 200,000 - - - 15,201,500
Total Revenue 19,371,717 11,905,400 1,111,500 200,000 8,710,721 5419613 150,000 41,990,950
Available Funds $ 38,736,391 S 14,341,887 S 3,855,910 S 7679229 S 10,599,336 $ 5419613 S 831,393 S 699673,758
Expenditures
Elected Officials 58,519 - - 58,519
Administration 2,362,734 97,000 150,000 2,609,734
Human Resources 155,000 - - 155,000
Municipal Court 202,183 - - 202,183
PS Administration 507,661 - - - - - 507,661
Police Services 3,151,514 - 152,000 - - - 3,303,514
Operations Support 707,598 - - - - - 707,598
Fire 2,196,707 - - 40,000 - 362,500 - 2,599,207
Public Works 1,560,662 - - 67,000 - - - 1,627,662
Engneering 307,567 - - - - - - 307,567
Building Maintenance 362,500 - - - - - - 362,500
Parks 404,000 - - - - - - 404,000
Community Center 499,872 - - - - - - 499,872
Community Development 584,157 - - 35,000 - - - 619,157
Capital Project Expenditures - 12,877,000 2,250,000 - - - - 15,127,000
Debt Service - - - - 4,771,400 - - 4,771,400
Total Expenditures $ 139060,673 S 12,877,000 S 2,250,000 $ 391,000 $ 4,771,400 $ 362,500 $ 150,000 $ 33,862,573
Transfers To Other Funds 11,201,500 - - - 4,000,000 - - 15,201,500
Total Expenditures&Transfers 24,262,173 12.877.000 2,250,000 391,000 8,771,400 362,500 150,000 49,064,073
06/30/22 Fund Balance S 14,474,217 S 1,364,887 S 1,605,910 S 376,229 S 1,827,936 S 179,113 $ 681,393 S 20,609,684
8