HomeMy WebLinkAboutR-2022-047 Adopting 2022-2023 Annual Budget RESOLUTION NO. R— 2022-047
A RESOLUTION ADOPTING THE FISCAL YEAR 2022-2023 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 2022-
2023 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 2022-2023 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 2022-2023 is hereby approved and adopted
authorizing and appropriating expenditures and transfers in the amount of $59,584,013 as set
forth in Exhibit A attached hereto and incorporated herein.
FURTHER THAT said budget includes the following information:
a. A budget message, describing the important features of the budget and major
changes from the preceding year;
b. Estimated revenues to be received from all sources for the budget year, with a
comparative statement of actual or estimated revenues for the two years next
preceding, itemized by year, fund, and source;
c. Proposed expenditures for each department, office, commission, and other
classification for the budget year, together with a comparative statement of actual or
estimated expenditures for the two years next preceding, itemized by year, fund,
activity, and object;
c. The amount required for the payment of interest. amortization, and redemption
charges on the debt of the political subdivision; and
RESOLUTION NO. R— 2022-047
e. A general budget summary.
PASSED AND ADOPTED by the Board of Aldermen of the City of Riverside, Missouri
the 21St day of June 2022.
, ,f .$
., yor Kathleen L. Rose
ATTEST:
--1-1&Z ' . —<_,
Robin Kincai , City Clerk
FY2023 Operating and Capital Budget
Capital Community Capital Equip. Debt Service P5ST Tourism Tax Total
General Fund Improvement Fund Develop.Fund Fund Fund Fund Fund All Funds
06/30/22 Balance(Est) $ 25,874,164 $ 3,595,997 $ 1,569,314 $ 447,905 $ 2,203,004 $ 550,000 S 693,938 $ 34,934,322
Permits&Licenses 171,300 - - - - - - 171,300
Fees Fines&Forfeitures 151,000 - - - - - - 151,000
Taxes 3,131,200 - - - - 700,000 150,000 3,981,200
Interest on Accounts 200,000 400 500 - 1,000 - - 201,900
Miscellaneous 557,117 - - - - - - 557,117
TIF Revenue - - 109,500 - 8,709,721 - - 8,819,221
Reimb.from Other Entities - 885,000 - - - - - 885,000
Sale of Land Proceeds 2,200,000 - - - - - - 2,200,000
Real Estate Income 4,500,000 - - - - - - 4,500,000
Missouri Gaming Commission 5,610,000 - - - - - 5,610,000
Subtotal 16,520,617 885,400 110,000 - 8,710,721 700,000 150,000 27,076,738
Transfers From Other Funds 4,000,000 16,000,000 1,500 200,000 - - - 20,201,500
Total Revenue 20,520,617 16,885,400 111,500 200,0011 8,710,721 700,000 150,000 47,278,238
Available Funds S 46,394,781 S 20,481,397 S 1,680,814 S 647,905 S 10,913,724 S 1,250,000 S 843,938 S 82,212,559
Expenditures
Elected Officials 45,309 - - - - - - 45,309
Administration 2,044,211 - - 50.000 - - 150,000 2,244,211
Human Resources 155,000 - - - - - - 155,000
Municipal Court 212,139 - - - - - - 212,139
PS Administration 570,105 - - - - - - 570,105
Police Services 3,478,187 - - - - 150,000 - 3,628,187
Operations Support 838,694 - - - - - - 838,694
Fire 2,384,973 - - - - 835,000 - 3,219,973
Public Works 1,602,809 - - 359,000 - - - 1,961,809
Engneering 332,997 - - - - - - 332,997
Building Maintenance 353,500 - - - - - - 353,500
Parks 329,815 - - - - - - 329,815
Community Center 446,991 - - - - - - 446,991
Community Development 592,783 - - - - - - 592,783
Capital Project Expenditures - 19,207,000 250,000 - - 220,000 - 19,677,000
Debt Service - - - - 4,774,000 - - 4,774,000
Total Expenditures $ 13,387,513 $ 19,207,000 $ 250,000 S 409,000 $ 4,774,000 $ 1,205,000 $ 150,000 $ 39,382,513
Transfers To Other Funds 16,201,500 - - - 4,000,000 - - 20,201,500
Total Expenditures&Transfers 29,589,013 19,207,000 250,000 409,000 8,774,000 1.205,000 150,000 59,584,013
06/30/23 Fund Balance $ 16,805,768 $ 1,274,397 S 1,43(1,814 S 238,905 S 2,139,724 S 45,000 S 693,938 S 22,628,547
FY2023