HomeMy WebLinkAboutR-2022-138 Budget Amendment FY2022-2023RESOLUTION NO. R — 2022-138
A RESOLUTION AMENDING 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, a transfer authorized by the adopted 2021-2022 annual budget from the Debt
Service Fund to the General Fund did not occur prior to June 30, 2022 yet remains necessary;
and
WHEREAS, expenditures beyond those anticipated in the General Fund for legal fees and
in the Capital Improvement Fund for the Public Safety Renovation will be incurred; and
WHEREAS, the Finance Director, in consultation with city staff, the City Administrator, and
the Mayor and Board of Aldermen, have prepared a proposed amendment 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 amend 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 amended
authorizing and appropriating expenditures and transfers in the amount of $65,384,013 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;
RESOLUTION NO. R — 2022-138
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
e. A general budget summary.
PASSED AND ADOPTED by the Board of Aldermen of the City of Riverside, Missouri the
20th day of December 2022.
M or Kathleen L. Rose
Robin ,kiricaid„ City Clerk
fter first amendment
ter second amendment
Second Budget Amendment Summary
Description
FY20238udQet
FY2033asof Change/
'
10/31/2022 Increase
FY2O23
Amended
Budget
General Fund Other Legal Fees 10'112f00-20300 - - - -`
$ 300,000 $ 298I19 $ 200000 $ 500,000
Capital Improvement Fund - Public Safety Renovation Project - 21-086-000-53000
-
�$ 5'30\000 $ 1,517,695 $ 250,000 $ 5'550,000
General Fund Transfers from Debt Service Fund - '
1N - --
m � 4,000'000 $ ~` $ 4`000,000 $ 8'000,000
Total Change $ 4,450,000
Adopted Budget $ 59,334,013
�
60,934,013