RES NO 01-02-2008 CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. a- 2008
A RESOLUTION ADOPTING A REVISED BUDGET FOR THE
YEAR ENDING DECEMBER 31, 2007.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN
BUREN, ARKANSAS:
THAT, 2007 Current year's revenues of $18,291,720.58
(Eighteen Million, Two Hundred Ninety -One Thousand, Seven
Hundred Twenty Dollars and Fifty -Eight Cents) are appropriated
and a copy of said Budget is attached hereto and made a part
hereof;
THAT, Transfers from General Fund to the Street Fund in
the amount of $978,388.13 (Nine Hundred Seventy -Eight
Thousand, Three Hundred Eighty -Eight Dollars and Thirteen
Cents) are approved; and
THAT, Transfers from General Fund to the Sidewalk Fund
in the amount of $22,522.06 (Twenty -Two Thousand, Five
Hundred Twenty -Two Dollars and Six Cents) are approved; and
THAT, Transfers from General Fund to the King Opera
House Fund in the amount of $11,000.00 (Eleven Thousand
Dollars) are approved; and
THAT, Transfers from General Fund to the Library Sales
Tax Fund in the amount of $1,811,850.71 (One Million, Eight
Hundred Eleven Thousand, Eight Hundred Fifty Dollars and
Seventy -One Cents) are approved; and
THAT, 2007 Current year's expenditures of $17,210,952.82
(Seventeen Million, Two Hundred Ten Thousand, Nine Hundred
Fifty -Two Dollars and Eighty -Two Cents) including expenditures
from prior year's balances are appropriated as follows:
General Fund $13,503,275.95 (which include Capital
Improvements Money in the amount of $2,004,661.27 (Two
Million, Four Thousand, Six Hundred Sixty -One Dollars and
Twenty -Seven Cents) (City Attorney $2,986.05; Administration
$32,799.43; Police Department $6,021.75; Fire Department
$19,738.84; Street Department $1,274,980.64; Water and Sewer
$240,110.78; Parks Recreation $53,833.67; Senior Inn
$5,678.73; Library $334,066.84; Cemetery $14,600.00; King
Opera House $19,844.54);
Municipal Judge Court Clerk Ret. Fund $19,390.24;
Street Fund $1,540,571.17;
Federal Forfeiture $110,583.18;
Sidewalk Fund $145,733.72;
LOPFI Fund $371,207.66;
ACEDP Grant $177,502.60;
King Opera House Fund $31,732.43;
Library Construction Fund $854,991.47;
Library Sales Tax Fund $455,964.40; and
THAT, all expenditures are approved and a copy of the
Revised Budget is attached hereto and made a part hereof.
PASSED AND APPROVED THIS DAY OF JANUARY 2008.
A v e
ATTESTED:
t
CITY CLERK TREASURER