RES NO 12-04-1987 e 12�y
CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. 1 7 15-' -1987
A RESOLUTION ADOPTING A REVISED BUDGET FOR THE YEAR ENDING DECEMBER 31,
1987.
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 $220,501.00 (Two
Hundred Twenty Thousand, Five Hundred One Dollars) is appropriated;
and
THAT, 1987 estimated current year's expenditures of $1,954,627.00
(One Million, Nine Hundred Fifty -Four Thousand, Six Hundred Twenty
Seven Dollars) is appropriated and a copy of said Budget is attached
hereto and made a part hereof: and
THAT, 1987 estimated current year's expenditures from the King
Opera House Fund amounting to $17,000.00 (Seventeen Thousand Dollars)
is appropriated; and
THAT, Transfers from Revenue Sharing Fund to General Fund total-
ling $3,662.00 (Three Thousand, Six Hundred Sixty Two Dollars) are
approved; and
THAT, Transfers from General Fund to Pool Fund totalling $30,000.00
(Thirty Thousand Dollars) are approved; and
THAT, Estimated current year's expenditures from the LOPFI Fund
in the amount of $26,500.00 (Twenty -Six Thousand, Five Hundred Dollars)
are approved.
PASSED AND APPROVED THIS 21st DAY OF December 19 87
4 ,47tit
ATTEST -ED:
Cr TY CLER -TREASURER
CITY OF VAN BUREN, ARKANSAS
1987 REVISED BUDGET
DECEMBER 21, 1987
(General, Street City Park)
Actual Balance December 31, 1986:
General 1,003,049.02
Street 64,128.66
City Park 3,233.55
1,070,411.23
Less: Authorized Commitments From Prior Years
Prior Balance to 1987 Revenues (General Fund) 60,714.00
Pointer Trail Widening 128,630.00
Restrooms City Park Lake (Res. 1 -7 -1986) 7,500.00
Restrooms City Park Lake (Res. 1 -6 -1987) 2,994.00
Balance Due on Special Census (Res. 2 -2 -1985) 2,663.32
Property By Fire Station 1I1 (Council Mtg. 6 -15 -1987) 18,000.00
220,501.32
849,909.91
Add: Transfer in From Excess Bond Fund (Ord. 1/12, 1987) 177,894.97
Estimated Balance Available 1,027,804.88
1987 Estimated Revenues Per Attached 1,954,627.00
Total Available Revenues Estimated Balance Current 2,982,431.88
1987 Estimated Expenditures 1,954,627.00
Estimated Balance December 31, 1987 1,027,804.88
1987 REVISED BUDGET OF VAN BUREN, ARKANSAS
General, Street, and City Park
December 21, 1987
REVENUES
rward From Prior Years 60,714.00
Mate Turnback General 260,300.00
State Turnback Street 390,000.00
5 Mill Property Tax 252,000.00
1/2 of 3 Mill Property Tax (Road) 75,000.00
Franchise Tax 600,000.00
Privilege Tax 68,000.00
Court Fines 130,000.00
Inspection Fees 21,000.00
Dog License 43.00
Zoning Fees 200.00
Interest 46,000.00
Housing Authority 1,470.00
County Share Municipal Court 6,000.00
Miscellaneous 9,000.00
Street Department Miscellaneous 8,000.00
City Park 23,500.00
Community Center 2,200.00
Small Claims 1,200.00
TOTAL ESTIMATED AVAILABLE REVENUES $1,954,627.00
DISBURSEMENTS
Adm. Salaries $158,500.00 Other Expenses $13,700.00 172,200.00
Payroll Taxes 38,500.00
Contributions 5,000.00
Utility Telephone 24,500.00
Insurance and Surety Bonds 43,200.00
Dues and Subscriptions 12,000.00
Postage and Printing 7,000.00
Building Maintenance 7,000.00
Miscellaneous 2,400.00
Group Insurance 135,000.00
Retirement 65,500.00
Unemployment Insurnace 4,000.00
Contingency Fund 14,000.00
Police Salaries $346,000.00 -Other Expenses $72,200.00 418,200.00
Fire Salaries $338,500.00 -Other Expenses $63,200.00 401.700.00
Mun. Court Sal. 30,000.00 -Other Expenses 9,812.00 39,812.00
Library Expense 7,600.00
Fixed Assets 48,000.00
Street Salaries $146.000.00 -Other Expenses $168,410.00 314,410.00
Contract Street Work 25,000.00
Sidewalk Program 305.00
Street Lights 115,000.00
City Park Sal. $29,400.00 Other Expenses $24,900.00 54,300.00
ESTIMATED TOTAL EXPENDITURES $1,954,627.00
ESTIMATED BALANCE FROM CURRENT REVENUE EXPENDITURES -0-