RES NO 12-01-1994 CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. AI -1994
A RESOLUTION ADOPTING A REVISED BUDGET FOR THE YEAR ENDING DECEMBER 31,
1994.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS:
THAT, 1994 estimated current year's revenues of $4,538,493.00 (Four Million, Five
Hundred Thirty Eight Thousand, Four Hundred Ninety Three Dollars) are appropriated
and a copy of said Budget is attached hereto and made a part hereof; and
THAT, 1994 estimated current year's expenditures of $4,466,990.00 (Four Million,
Four Hundred Sixty Six Thousand, Nine Hundred Ninety Dollars) are appropriated and
a copy of said Budget is attached hereto and made a part hereof; and
THAT, Transfers from General Fund to Pool Fund totalling $11,000.00 (Eleven
Thousand Dollars) are approved; and
THAT, Transfers from General Fund to LOPFI Fund totalling $8,000.00 (Eight
Thousand Dollars) are approved; and
THAT, Transfers from General Fund to Street Fund totalling $210,000.00 (Two
Hundred Ten Thousand Dollars) are approved; and
THAT, Transfer from General Fund to Library Fund totalling $6,000.00 (Six
Thousand Dollars) are approved; and
THAT, Transfers from General Fund to Field of Dreams Fund totalling $85,000.00
(Eighty Five Thousand Dollars) are approved; and
THAT, Estimated current year's expenditures from the LOPFI Fund in the amount
of $66,203.33 (Sixty Six Thousand Two Hundred Three Dollars and Thirty Three Cents)
are appropriated; and
THAT, Estimated current year's expenditures from the Field of Dreams Fund in the
amount of $315,000.00 (Three Hundred Fifteen Thousand Dollars) are appropriated; and
THAT, Estimated current year's expenditures from the Civil Small Claims Fund in
the amount of $8,000.00 (Eight Thousand Dollars) are appropriated.
PASSED: AND APPROVED THIS 19TH DAY OF DECEMBER ,19 94
A YOR
ATTESTED:
tF CITY CLERK- TREASURER
CITY OF VAN BUREN, ARKANSAS
1994 REVISED BUDGET
(General, Street, City Park, Library and Capital Improvements)
Estimated Balance December 31, 1993
Library 1,363.65
General 684,276.89
Street 46,960.98
City Park 2,957.62
Capital Improvements 25,082.53
;760,641.67
1994 Estimated Revenues Per Attached $4,538,493.00
Total Available Revenues Estimated Balance Current $5,299,134.67
1994 Estimated Expenditures Per Attached $4,534,990.00
Estimated Balance December 31, 1994 764,144.67
1994 REVISED BUDGET OF VAN BUREN, ARKANSAS
(General, Street, City Park, Capital Improvements and Library)
REVENUES
Forward From Prior Years 302,000.00
State Turnback General 310,940.00
State Turnback Street 640,000.00
Sales Tax 1,765,000.00
Interest Capital Improvements Fund 565.00
2 Mill Property Tax 160,000.00
1/2 of 3 Mill Property Tax (Road) 120,000.00
Franchise Tax 700,000.00
Privilege Tax 98,000.00
Court Fines 202,000.00
Inspection Fees 98,000.00
Dog License 75.00
Zoning Fees 350.00
Interest 20,000.00
Small Claims 8,000.00
Housing Authority 2,000.00
County Share Municipal Court 12,500.00
Miscellaneous 15,000.00
Street Department Miscellaneous 55.00
City Park 24,670.00
Library Funds 31,458.00
Act 833 Monies 27,880.00
TOTAL ESTIMATED AVAILABLE REVENUES 4,538,493.00
0
1994 REVISED BUDGET OF VAN BUREN, ARKANSAS
(General, Street, City Park, Capital Improvements and Library)
DISBURSEMENTS
Adm. Salaries $225,000.00 Other Expenses $40,000 265,000.00
Payroll Taxes 79,000.00
Contributions 5,000.00
Utility Telephone 25,000.00
Insurance and Surety Bonds 62,000.00
Dues and Subscriptions 26,000.00
Postage and Printing 6,800.00
Building Maintenance 14.,000,.00
Miscellaneous 2,500.00
Group Insurance 247,300.00
Retirement 51,000.00
Unemployment Insurance 60,900.00
Water Sewer Capital Improvement Fund 240,000.00
Contingency Fund 8,500.00
Police Sal. $676,000.00 Expenses $135,000.00 811,000.00
Fire Sal. $679,500.00 Expenses 75,000.00 754,500.00
Mun. Ct. Sal. 56,900.00 Expenses 16,000.00 72,900.00
Library Sal. 32,000.00 Expenses 18,000.00 50,000.00
Capital Improvements 533,500.00
Fixed Assets 40,000.00
Street Sal. $273,500.00 Expenses $250,000.00 523,500.00
Contract Street Work 495,000.00
Street Lights 125,000.00
City Park Sal. 18,590.00 Expenses 18,000.00 36,590.00
ESTIMATED TOTAL EXPENDITURES $4,534,990.00
ESTIMATED BALANCE FROM CURRENT REVENUE
AND EXPENDITURES 3,503.00