RES NO 11-08-1987 11- tl 8
CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO.1 -1987
A RESOLUTION ADOPTING A PROPOSED BUDGET FOR THE FISCAL YEAR ENDING DECEMBER 31,
1988.
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 expendi-
tures out of prior year funds in the amount of $180,000 (One hundred
and eighty thousand dollars) is appropriated; and
THAT, The 1988 proposed expenditures of $2,024,662.00 (Two million, twenty
four thousand, six 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 16th DAY OF November 19 87
R
ATTESTED:
..,-11.0._/,e-n-A__
C ITY CLERK- TREASURER
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CITY OF VAN BUREN, ARKANSAS
1988 PROPOSED BUDGET
(General, Street City Park)
Estimated Balance December 31, 1987:
General 950,000.00
Street 40,000.00
City Park 3,000.00
993,000.00
Less: Authorized Commitments From Prior Years:
Prior Balance to 1988 Revenues (General Fund) 130,000.00
Pointer Trail Widening 50,000.00
180,000.00
Estimated Balance Available 813,000.00
1988 Estimated Revenues Per Attached 2,035,100.00
Total Available Revenues Estimated Balance Current 2,848,100.00
1988 Estimated Expenditures 2,024,662.00
Estimated Balance December 31, 1988 823,438.00
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1988 PROPOSED BUDGET OF VAN BUREN, ARKANSAS
General, Street, and City Park
REVENUES
Forward From Prior Years 130,000.00
State Turnback General 246,000.00
ltate Turnback Street 372,000.00
�J Mill Property Tax 280,000.00
1/2 of 3 Mill Property Tax (Road) 84,000.00
Franchise Tax 610,000.00
Privilege Tax 60,000.00
Court Fines 130,000.00
Inspection Fees 25,000.00
Dog License 100.00
Zoning Fees 500.00
Interest 42,000.00
Housing Authority 1,500.00
County Share Municipal Court 8,000.00
Miscellaneous 8,000.00
Street Department Miscellaneous 10,000.00
City Park 22,000.00
Community Center 2,000.00
Small Claims 4,000.00
TOTAL ESTIMATED AVAILABLE REVENUES $2,035,100.00
DISBURSEMENTS
Adm. Salaries $162,100.00 Other Expenses $18,500.00 180,600.00
Payroll Taxes 41,700.00
Contributions 5,000.00
Utility Telephone 26,000.00
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 120,000.00
Retirement 54,000.00
Unemployment Insurance 8,000.00
Contingency Fund 20,000.00
Police Salaries $357,000.00 -Other Expenses $77,200.00 434,200.00
Fire Salaries $349,000.00 -Other Expenses $69,800.00 418,800.00
Mun. Court Sal. 35,000.00 -Other Expenses $12,612.00 47,612.00
Library Expenses 8,000.00
Fixed Assets 30,000.00
Street Salaries $153,000.00 -Other Expenses $190,500.00 343,500.00
Contract Street Work 40,000.00
Sidewalk Program 5,000.00
Street Lights 120,000.00
City Park Sal. 32,500.00 -Other Expenses $19,750.00 52,250.00
ESTIMATED TOTAL EXPENDITURES $2,024,662.00
ESTIMATED BALANCE FROM CURRENT REVENUE EXPENDITURES 10,438.00
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