RES NO 11-04-1988 1\ 4 i4X2
CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. IF -1988
A RESOLUTION ADOPTING A PROPOSED BUDGET FOR THE FISCAL YEAR
ENDING DECEMBER 31, 1989.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN,
ARKANSAS:
THAT, The Proposed Budget as presented by the Mayor calling
for expenditures out of prior year funds in the amount
of $436,896.00 (Four hundred and thirty six thousand
eight hundred ninety six dollars) is appropriated; and
THAT, The 1989 proposed expenditures of $2,668,162.00 (Two
million six hundred sixty eight thousand one hundred
sixty two dollars) is appropriated and a copy of said
budget is attached hereto and made a part hereof; and
THAT, The appropriations made herein include additional pay
for holidays for all agents, servants, and employees
of the City of Van Buren, including but not limited
to uniformed employees, as provided for by the laws
of the State of Arkansas.
PASSED AND APPROVED THIS 21ST DAY OF NOVEMBER ,19 88.
/427
MAYOR
ATTESTED:
�I Af
CITY CLERK- TREASURER
CITY OF VAN BUREN, ARKANSAS
1989 PROPOSED BUDGET
(General, Street City Park)
•timated Balance December 31, 1988:
General 950,000.00
Street 40,000.00
City Park 3,000.00
Capital Improvements 150,000.00
1,143.000.00
Less: Authorized Commitments From Prior Years:
Prior Balance To 1989 Revenues (General Fund) 50,000.00
Pointer Trail Widening 100,000.00
New Fire Truck Res. 1-9-1988 136,986.00
New Fire Station 150,000.00
436,896.00
Estimated Balance Available 706,104.00
1989 Estimated Revenues Per Attached 2,721,800.00
Total Available Revenues Estimated Balance Current 3,427,904.00
1989 Estimated Expenditures 2,668,162.00
Estimated Balance December 31, 1989 759,742.00
1989 PROPOSED BUDGET OF VAN BUREN, ARKANSAS
General, Street, and City Park
REVENUES
Forward From Prior Years 50,000.00
State Turnback General 246,000.00
State Turnback Street 372,000.00
Sales Tax 1/2 Public Safety 450,000.00
Sales Tax 1/2 Capital Improvements 450,000.00
2 Mill Property Tax 112,000.00
1/2 of 3 Mill Property Tax (Road) 84,000.00
Franchise Tax 610,000.00
Privilege Tax 65,000.00
Court Fines 130,000.00
Inspection Fees 25,000.00
Dog License 100.00
Zoning Fees 500.00
Interest 42,000.00
Small Claims 4,000.00
Housing Authority 1,200.00
County Share Municipal Court 8,000.00
Miscellaneous 10,000.00
Street Department Miscellaneous 10,000.00
City Park 22,000.00
Library Funds 30,000.00
TOTAL ESTIMATED AVAILABLE REVENUES $2,721,800.00
1989 PROPOSED BUDGET OF VAN BUREN, ARKANSAS
General, Street, and City Park
DISBURSEMENTS
4179, Salaries $165,000.00 Other Expenses $18,500.00 183,500.00
Attoll Taxes 45,000.00
Contributions 5,000.00
Utility Telephone 25,000.00
Insurance and Surety Bonds 38,000.00
Dues and Subscriptions 13,000.00
Postage and Printing 8,000.00
Building Maintenance 8,000.00
Miscellaneous 3,000.00
Group Insurance 160,000.00
Retirement 54,000.00
Unemployment Insurance 6,000.00
Contingency Fund 20,000.00
Police Salaries $436,000.00 Other Expenses $86,600.00 522,600.00
Fire Salaries $448,000.00 Other Expenses $83,500.00 531,500.00
Mun. Court Sal. 36,000.00 Other Expenses $12,612.00 48,612.00'
Library Sal. 23,000.00 Other Expenses $11,550.00 34,550.00
Capital Improvements 300,000.00
Fixed Assets 80,000.00
Street Salaries $158,000.00 Other Expenses $200,000.00 358,000.00
Contract Street Work 40,000.00
Sidewalk Program 3,000.00
Street Lights 130,000.00
City Park Sal. $33,000.00 Other Expenses $18,400.00 51,400.00
ESTIMATED TOTAL EXPENDITURES $2,668,162.00
ESTIMATED BALANCE FROM CURRENT REVENUE EXPENDITURES 53,638.00