RES NO 12-04-1989 0.- 4ty 89
CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. 4 12 -1989
A RESOLUTION ADOPTING A REVISED BUDGET FOR THE YEAR ENDING DECEMBER 31,
1989.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS:
THAT, the Revised Budget as presented by the Mayor calling for
expenditures out of prior year funds in the amount of $446,158.14 (Four
Hundred Forty -Six Thousand, One Hundred Fifty Eight Dollars and
Fourteen Cents) are appropriated; and
THAT, 1989 estimated current year's expenditures of $2,700,642.00
(Two Million, Seven Hundred Thousand, Six Hundred Forty Two Dollars)
are appropriated and a copy of said Budget is attached hereto and made
a part hereof; and
THAT, 1989 estimated current year's expenditures from the King
Opera House Fund amounting to $32,000.00 (Thirty Two Thousand Dollars)
are appropriated; and
THAT, Transfers from General Fund to Pool Fund totalling $24,000.00
(Twenty Four Thousand Dollars) are approved; and
THAT, Estimated current year's expenditures from the LOPFI Fund
in the amount of $44,000.00 (Forty Four Thousand Dollars) are
appropriated.
PASSED AND APPROVED THIS 18TH DAY OF DECEMBER 19 89
r 1
MAYOR
ATTESTED:
�q C TY CLERK TREASURER
CITY OF VAN BUREN, ARKANSAS
1989 REVISED BUDGET
(General, Street, City Park, and Capital Improvements)
Bance December 31, 1988
General 1,077,624.24
Street 63,813.74
City Park 5,358.71
Capital Improvements 185,468.57
Library Fund 1,476.51
1,333,741.77
Less: Authorized Commitments From Prior Years:
Pointer Trail Widening 89,591.71
New Fire Truck (Res.#1 -9 -1988) 136,986.00
New Fire Station Construction and Equipping 148,000.00
New Police Car (Res.P2 -10 -1988) 12,874.90
Site Work Engineering New Fire Station (Res.#3 -12 -1988) 3,000.00
Dirt Work New Fire Station (Res.# 4 -12 -1988) 4,500.00
1988 Sidewalk Program Balance of Engineering 1,602.50
(Ord.# 13 -1988)
1988 Sidewalk Program Balance of Construction 3,470.53
(Res.# 2 -8 -1988)
Architect Services New Fire Station (Res.# 3 -11 -1988) 2,000.00
Engineering Services Balance Street Inventory 1,827.40
(Ord.#14 -1988)
Rest Room at Tennis Court Authorized 4 -17 -1989 5,000.00
Sidewalks by Izard School Authorized 5 -15 -1989 2,484.00
Tennis Court Lights Authorized 7 -31 -1989 3,228.00
Engineering Arkansas Street Sidewalks (Ord. #13 -1989) 2,750.00
Construction Arkansas Street Sidewalks (Res.#2 -8 -1989) 28,843.10
446,158.14
Estimated Balance Available 887,583.63
1989 Estimated Revenues Per Attached $3,053,989.00
Total Available Revenues Estimated Balance Current $3,941,572.63
1989 Estimated Expenditures $2,700,642.00
Estimated Balance December 31, 1989 $1,240,930.63
1989 REVISED BUDGET OF VAN BUREN, ARKANSAS
General, Street, City Park, Capital Improvements
0 REVENUES
State Turnback General 239,400.00
State Turnback Street 375,000.00
Sales Tax 20 t Water Sewer Capital Improvement Fund 80,000.00
Sales Tax 1/2 Public Safety 550,000.00
Sales Tax 1/2 Capital Improvements 550,000.00
Interest Capital Improvement Fund 20,000.00
2 Mill Property Tax 123,000.00
1/2 of 3 Mill Property Tax (Road) 88,000.00
Franchise Tax 603,000.00
Privilege Tax 78,000.00
Court Fines 176,000.00
Inspection Fees 20,000.00
Dog License 47.00
Zoning Fees 270.00
Interest 60,000.00
Small Claims 6,000.00
Housing Authority 1,572.00
County Share Municipal Court 10,000.00
Miscellaneous 13,300.00
Street Department Miscellaneous 8,000.00
City Park 22,000.00
Library Funds 30,400.00
TOTAL ESTIMATED AVAILABLE REVENUES $3,053,989.00
1989 REVISED BUDGET OF VAN BUREN, ARKANSAS
General, Street, City Park, and Capital Improvements
DISBURSEMENTS
Adm. Salaries $164,000.00 -Other Expenses $13,500.00 177,500.00
Payroll Taxes 46,800.00
Contributions 5,000.00
Utility Telephone 24,000.00
Insurance and Surety Bonds 40,000.00
Dues and Subscriptions 15,100.00
Postage and Printing 7,000.00
Building Maintenance 8,000.00
Miscellaneous 1,000.00
Group Insurance 187,000.00
Retirement 55,000.00
Unemployment Insurance 4,800.00
Contingency Fund 11,000.00
Water and Sewer Capital Improvement Fund 80,000.00
Police Salaries $415,000.00 -Other Expenses $103,100.00 518,100.00
Fire Salaries $428,000.00 -Other Expenses 69,700.00 497,700.00
Mun. Court Sal. 36,800.00 -Other Expenses 10,312.00 47,112.00
Library Sal. 24,500.00 -Other Expenses 10,600.00 35,100.00
Capital Improvements 325,000.00
Fixed Assets 75,000.00
Street Salaries 165,000.00 -Other Expenses $182,900.00 347,900.00
Contract Street Work 25,000.00
Street Lights 118,000.00
City Park Sal. 30,000.00 -Other Expenses 19,530.00 49,530.00
ESTIMATED TOTAL EXPENDITURES $2,700,642.00
ESTIMATED BALANCE FROM CURRENT REVENUE EXPENDITURES 353,347.00