RES NO 11-02-1986 t i \A -Z'lq Silo
CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. c2 -1986
A RESOLUTION ADOPTING A PROPOSED BUDGET FOR THE FISCAL YEAR ENDING DECEMBER 31,
1987.
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 $267,500.00 (Two
hundred sixty seven thousand, five hundred dollars) is appropriated;
and
THAT, 1987 proposed expenditures of $1,990,112.00 (One million nine
hundred ninety thousand, one hundred twelve 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 17th DAY OF November 19 86
nMAYOR
ATTESTED;_
CHIT CLERK- TREASURER
0
CITY OF VAN BUREN, ARKANSAS
1987 PROPOSED BUDGET
(General, Street City Park)
Estimated Balance December 31, 1986:
General 950,000.00
Street 37,500.00
City Park 5,000.00
992,500.00
Less: Authorized Commitments From Prior Years
Prior Balance to 1987 Revenues (General Fund) 130,000.00
Pointer Trail Widening 130,000.00
Restrooms City Park Lake (Res. 1 -7 -1986) 7,500.00
267,500.00
Estimated Balance Available 725,000.00
1987 Estimated Revenues Per Attached $2,002,600.00
Total Available Revenues Estimated Balance Current $2,727,600.00
1987 Estimated Expenditures 1,990,112.00
Estimated Balance December 31, 1987 737,488.00
1987 PROPOSED BUDGET OF VAN BUREN, ARKANSAS
General, Street, and City Park
REVENUES
Forward From Prior Years 130,000.00
ate Turnback General 221,000.00
ate Turnback Workers Comp. 44,170.00
State Turnback Street 397,530.00
5 Mill Property Tax 252,000.00
1/2 of 3 Mill Property Tax (Road) 75,000.00
Franchise Tax 590,000.00
Privilege Tax 60,000.00
Court Fines 120,000.00
Inspection Fees 25,000.00
Dog License 100.00
Zoning Fees 500.00
Interest 40,000.00
Housing Authority 1,300.00
County Share Municipal Court 6,000.00
Miscellaneous 6,000.00
Street Department Miscellaneous 10,000.00
City Park 22,000.00
Community Center 2,000.00
TOTAL ESTIMATED AVAILABLE REVENUES $2,002,600.00
DISBURSEMENTS
Adm. Salaries $158,500.00 Other Expenses $18,500.00 177,000.00
Payroll Taxes 38,500.00
Contributions 5,000.00
Utility Telephone 22,000.00
Insurance and Surety Bonds 41,000.00
Dues and Subscriptions 13,000.00
Postage and Printing 6,000.00
Building Maintenance 8,000.00
Miscellaneous 2,000.00
Group Insurance 136,000.00
Retirement 65,000.00
Unemployment Insurance 9,000.00
Contingency Fund 20,000.00
Police Salaries $360,000.00 -Other Expenses $72,600.00 432,600.00
Fire Salaries $336,600.00 -Other Expenses $59,300.00 395,900.00
Mun. Court Sal. 29,000.00 -Other Expenses 7,912.00 36,912.00
Library Expense 8,000.00
Fixed Assets 45,000.00
Street Salaries $148,000.00 -Other Expenses $165,500.00 313,500.00
Contract Street Work 50,000.00
Sidewalk Program 5,000.00
Street Lights 115,000.00
City Park Sal. 28,300.00 -Other Expenses $17,400.00 45,700.00
ESTIMATED TOTAL EXPENDITURES $1,990,112.00
ESTIMATED BALANCE FROM CURRENT REVENUE EXPENDITURES 12,488.00