HomeMy WebLinkAboutR-2023-068 Adopting the Fiscal Year 2023-2024 Annual Budget for the City of Riverside, MORESOLUTION NO. R — 2023-068
A RESOLUTION ADOPTING THE FISCAL YEAR 2023-2024 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 2023-
2024 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 2023-2024 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 2023-2024 is hereby approved and adopted
authorizing and appropriating expenditures and transfers in the amount of $53,203,387 as set
forth in Exhibit 1 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 — 2023-068
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 June 2023.
Kathleen-' -
ATTEST:
Robin, Kincaid; City Clerk
Fund Title - Description
General Fund
Capital Improvement Fund
Capital Equipment Fund *
Community Development Fund
Public Safety Sales Tax Fund
Tourism Tax Fund
Debt Service Fund **
DUI Fund ***
Grant Fund ***
Officer Training Fund ***
Inmate Security Fund ***
FPAL Fund ***
I TOTAL ALL FUNDS
Summary of the Budget
Fund Balance Projected Fund Budgeted Budgeted
6/30/22 Balance 6/30/23 Revenues Expenditures
$ 23,466,206
$
27,809,499
$
18,235,358
$
14,154,137 $
$ 4,190,267
$
-
$
1,949,000
$
14,786,000 $
$ 377,139
$
517,139
$
-
$
801,500 $
$ 2,898,688
$
1,539,087
$
52,000
$
250,000 $
$ 620,461
$
1,159,151
$
969,000
$
1,182,000 $
$ 708,495
$
757,495
$
130,000
$
150,000 $
$ 6,183,621
$
2,567,865
$
9,181,131
$
4,698,750 $
$ 21,464
$
23,064
$
1,500
$
500 $
$ 12,586
$
-
$
-
$
- $
$ 10,244
$
12,744
$
2,500
$
- $
$ 41,599
$
43,199
$
1,600
$
2,000 $
$ 75,271
$
103,771
$
50,000
$
40,000 $
$ 38,606,041
$
34,533,014
$
30,572,089
$
36,064,887 $
* - Contains restricted funds ** - Contains reserved funds *** - Previously not itemized in budget
Interfund Projected Fund
Transfers Balance 06/30/24
(9,138,500) $ 22,752,220
12,837,000 $ -
300,000 $
15,639
1,500 $
1,342,587
- $
946,151
- $
737,495
(4,000,000) $
3,050,246
- $
24,064
- $
15,244
- $
42,799
- $
113,771
- $
29,040,216
06/30/23 Balance (Est)
Permits & Licenses
Fees Fines & Forfeitures
Taxes
Interest on Accounts
Miscellaneous
TIF Revenue
Reimb. from Other Entities
Sale of Land Proceeds
Real Estate Income
Missouri Gaming Commission
Subtotal
Transfers From Other Funds
Total Revenue
Available Funds
Expenditures
Elected Officials
Administration
Human Resources
Municipal Court
PS Administration
Police Services
Operations Support
Fire
Public Works
Engineering
Building Maintenance
Parks
Community Center
Community Development
Capital Project Expenditures
Debt Service
Subtotal
Transfers To Other Funds
Total Expenditures & Transfers
06130123 Fund Balance
Fiscal Year 2023-24 Proposed Operating and Capital Budget
Capital
Community
Capital Equip.
Debt Service
PSST
Tourism Tax
F/PAL
Other Court
Total
General Fund
Improvement Fund
Develop. Fund
Fund
Fund
Fund
Fund
Fund
Funds
All Funds
$ 27,809,499
$ - f
1,539,087
$ 517,139
$ 2,567,865 E
1,159,151 $
757,495 $
103,771 $
79,007 $
34,533,014
207,250
207,250
117,500
117,500
4,145,000
969,000
130,000
5,244,000
200,000
10,000
20.000
85,000
315,000
265,608
50,000
5,600
321,208
32,000
9,096,131
9,128,131
1,939,000
1,939,000
2,700,000
2,700,000
4,500,000
4,500,000
6,100,000
6,100,000
18,235,358
1,949,000
52,000
9,181,131
969,000
130,000
50,000
5,600
30,572,089
4,000,000
12,837,000
1,500
300,000
-
17,138,500
22,235,358
14,786,000
53,500
300,000
9,181,131
969,000
130,000
50,000
5,600
47,710,589
$ 50,044,857
$ 14,786,000 $
1,592,587
$ 817,139
$ 11,748,996 $
2,128,151 $
887,495 $
153,771 $
84,607 $
82,243,603
48,809
2,290,411 15,000
169,000
213,444
577,944
3,553,452
901,097
2,376,277
1,730,279 741,500
391,260
364,100
343,700
495,979
698,385
14,786,000 250,000 45,000
4,698,750
48,809
150,000 40,000 2,500 2,497,911
169,000
213,444
577.944
538,000 4,091,452
901,097
524,000 2,900,277
2,471,779
391,260
364,100
343.700
495,979
698.385
120,000 15,201.000
4,698.750
14,154,137 14,786,000 250,000 801,500 4,698,750 1,182,000 150,000 40,000 2,500 36,064,887
13,138,500 - - - 4,000,000 - - - - 17,138,500
27,292,637 14,786,000 250,000 801,500 8,698,750 1,182,000 150,000 40,000 2,500 53,203,387
$ 22,752,220 $ - $ 1,342,587 f 15,639 $ 3,050,246 $ 946,151 $ 737,495 $ 113,771 $ 82,107 $ 29,040,216