RES NO 12-03-1986 12
CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. 2 -12 -1986
0 A RESOLUTION ADOPTING A REVISED BUDGET FOR THE FISCAL YEAR ENDING DECEMBER 31, 1986.
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 $96,220.00 Ninety -six Thousand, Two Hundred
Twenty Dollars) is appropriated; and
THAT, 1986 estimated current year's expenditures of $1,901,853.00 (One Million,
Nine Hundred One Thousand, Eight Hundred Fifty -three Dollars) is appropriated and
a copy of said budget is attached hereto and made a part hereof; and
THAT, 1986 estimated current year's expenditures from the King Opera House Fund
amounting to $15,000.00 (Fifteen Thousand Dollars) is appropriated; and
THAT, Transfers from Revenue Sharing Fund to General Fund totalling $201,067.78
(Two Hundred One Thousand, Sixty -seven Dollars and Seventy -eight Cents) are approved;
and
THAT, Transfers from General Fund to Street Fund totalling $20,000 (Twenty
Thousand Dollars) are approved; and
THAT, Transfers from General Fund to Pool Fund totalling $15,000.00 (Fifteen
Thousand Dollars) are approved; and
THAT, Transfers from General Fund to LOPFI Fund in the amount of $2,500.00 (Two
Thousand, Five Hundred Dollars) are approved:
PASSED AND APPROVED THIS 15th DAY OF December 19 86
IYI 2
MAYOR
ATTESTED:
CIY'Y CLERK- TREASURER
CITY OF VAN BUREN, ARKANSAS
1986 REVISED BUDGET
(General, Street, Revenue Sharing City Park)
Estimated Balances:
General 881,925.43
Revenue Sharing -0-
Street 35,908.47
City Park 5,867.09
923,700.99
LESS: Authorzied Commitments From Prior Years
1/3 of 1984 Extra OG &E Revenues 83,000.00
Boys' Club Roof ($18,220 Less $5,000 From Boys' 13.200.00
Club Res. 11 2 -10 -1985)
96,220.00
Estimated Balance Available 827,480.99
1986 Estimated Revenues Per Attached $2,061,529.00
Total Available Revenues Estimated Balance Current $2,889,009.99
1986 Estimated Expenditures
$1,901,853.00
Estimated Balance December 31, 1986 987,156.99
0
'fit...
1986 REVISED BUDGET OF VAN BUREN, ARKANSAS
General, Street, Revenue Sharing and City Park
December 1, 1986
REVENUES
S to Turnback General 220,500.00
e Turnback Workers Comp. 44,457.00
State Turnback Street 376,000.00
5 Mill Property Tax 145,000.00
1/2 of 3 Mill Property Tax (Road) 65,000.00
Franchise Tax 590,000.00
1/3 of 1984 Extra OG &E Franchise Tax 83,000.00
Privilege Tax 60,000.00
Court Fines 140,000.00
Inspection Fees 24,500.00
Dog License 43.00
Rezoning Fees 400.00
Interest 56,000.00
Housing Authority 1,312.00
County Share Municipal Court 7,350.00
Miscellaneous 9,400.00
Revenue Sharing 201,067.00
Street Department Miscellaneous 10,800.00
City Park 24,200.00
Community Center 2,500.00
TOTAL ESTIMATED AVAILABLE REVENUES $2,061,529.00
DISBURSEMENTS
Adm. Salaries $152,500.00 Other Expenses $15,200.00 167,700.00
Payroll Taxes 37,500.00
Contributions 5,000.00
Utility Telephone 22,000.00
Insurance Surety Bonds 40,400.00
Dues and Subscriptions 13,200.00
Postage and Printing 7,500.00
Building Maintenance 8,600.00
Miscellaneous 1,500.00
Group Insurance 136,000.00
Retirement 64,500.00
Unemployment Insurance 10,200.00
Contingency Fund 10,000.00
Police Salaries $339,000.00 Other Expenses $77,500.00 416,500.00
Fire Salaries $310,000.00 Other Expenses $61,700.00 371,700.00
Mun. Court Sal. 28,000.00 Other Expenses 8,712.00 36,712.00
Library Expense 9,600.00
Fixed Assets 32,000.00
Street Salaries $141,000.00 Other Expenses $170,119.00 311,119.00
Contract Street Work 40,000.00
Sidewalk Program 2,000.00
Street Lights 115,000.00
City Park Sal. $26,300.00 Other Expenses $16,822.00 43,122.00
ESTIMATED TOTAL EXPENDITURES $1,901,853.00
ESTIMATED BALANCE FROM CURRENT REVENUE EXPENDITURES 159,676.00