RES NO 12-06-1988 CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. .7 -1988
A RESOLUTION ADOPTING A REVISED BUDGET FOR THE YEAR ENDING DECEMBER 31,
1988.
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 $275,296.82 (Two
Hundred Seventy -five Thousand, Two Hundred Ninety -six Dollars and
Eighty Two Cents) are appropriated; and
THAT, 1988 estimated current year's expenditures of $1,977,337.00
(One Million, Nine Hundred Seventy -seven Thousand, Three Hundred Thirty
seven dollars) are appropriated and a copy of said Budget is attached
hereto and made a part hereof; and
THAT, 1988 estimated current year's expenditures from the King
Opera House Fund amounting to $10,000.00 (Ten Thousand Dollars) are
appropriated; and
THAT, Transfers from General Fund to Pool Fund totalling $25,000.00
(Twenty -five Thousand Dollars) are approved; and
THAT, Estimated current year's expenditures from the LOPFI Fund
in the amount of $29,000.00 (Twenty -nine Thousand Dollars) are
appropriated.
PASSED AND APPROVED THIS 19TH DAY OF DECEMBER 19 88
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MAYOR
ATTESTED.:
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CITY CLERK TREASURER
CITY OF VAN BUREN, ARKANSAS
1988 REVISED BUDGET
(General, Street City Park)
0
Actual Balance December 31, 1987:
General 1,073,411.56
Street 111,569.52
City Park 3,552.22
1,188,533.30
Less: Authorized Commitments From Prior Years:
Paving Project So. 28th and Industrial Park Road 60,321.00
3 New Police Cars (Res. 112 -10 -1987) 36,893.01
2 New Pickup Trucks (Res. 113 -10 -1987) 18,942.00
Engineering For Sidewalk Program (Ord. 1113 -1988) 16,306.75
Engineering For Street Program (Ord. 1114 -1988) 11,500.00
Overhaul 1971 Howe Fire Truck (Res. 117 -3 -1988) 17,191.00
Sidewalk Construction Phase I (Res. 111 -7 -1988) 24,732.40
Sidewalk Construction Phase II- (Res. #2 -8= 1988) 69,410.66
Property For New Fire Station (Res. 112 -9 -1988) 20,000.00
275,296.82
Estimated Balance Available 913,236.48
1988 Estimated Revenues Per Attached 2,279,447.00
Total Available Revenues Estimated Balance Current 3,192,683.48
1988 Estimated Expenditures 1,977,337.00
Estimated Balance December 31, 1988 1,215,346.48
1988 REVISED BUDGET OF VAN BUREN, ARKANSAS
General. Street, and City Park
REVENUES
"Ate Turnback General 240,000.00
State Turnback Street 372,000.00
Sales Tax For Public Safety 178,000.00
Sales Tax For Capital Improvements 178,000.00
5 Mill Property Tax 280,000.00
1/2 of 3 Mill Property Tax (Road) 84,000.00
Franchise Tax 590,000.00
Privilege Tax 63,000.00
Court Fines 145,000.00
Inspection Fees 21,000.00
Dog License 100.00
Zoning Fees 250.00
Interest 51,000.00
Housing Authority 1,189.00
County Share Municipal Court 8,451.00
Miscellaneous 11,000.00
Street Department Miscellaneous 7,500.00
City Park 23,400.00
Small Claims 3,600.00
Library Fund 21,957.00
2,279,447.00
1988 REVISED BUDGET OF VAN BUREN, ARKANSAS
General, Street, and City Park
DISBURSEMENTS
Salaries $160,000.00 Other Expenses $11,300.00 171,300.00
roll Taxes 41,000.00
Contributions 4,600.00
Utility Telephone 22,000.00
Insurance and Surety Bonds 35,300.00
Dues and Subscriptions 13,000.00
Postage and Printing 7,000.00
Building Maintenance 7,000.00
Miscellaneous 2,800.00
Group Insurance 134,000.00
Retirement 54,000.00
Unemployment Insurance 3,000.00
Contingency Fund 13,000.00
Police Salaries $347,000.00 Other Expenses $79,700.00 426,700.00
Fire Salaries $355,000.00 Other Expenses $68,000.00 423,000.00
Mun. Court Sal. 35,300.00 Other Expenses 9,012.00 44,312.00
Library Salaries 17,800.00 Other Expenses 9,625.00 27,425.00
Fixed Assets 20,000.00
Street Salaries $153,000.00 Other Expenses $182,600.00 335,600.00
Contract Street Work 34,000.00
Sidewalk Program -0-
Street Lights 110,000.00
City Park Sal. 32,000.00 Other Expenses $16,300.00 48,300.00
ESTIMATED TOTAL EXPENDITURES $1,977,337.00
ESTIMATED BALANCE FROM CURRENT REVENUE EXPENDITURES 302,110.00