RES NO 11-07-1985 11 -7 -1 445
CITY OF VAN BUREN, ARKANSAS �I�J
RESOLUTION NO. -1985
A RESOLUTION ADOPTING A PROPOSED 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 Proposed Budget as presented by the Mayor calling
for expenditures out of prior year funds in the amount
of $223,000.00 (Two hundred twenty three thousand dol-
lars) is appropriated; and
THAT, 1986 proposed expenditures of $1,984,357.00 (one million
nine hundred eighty four thousand, three hundred fifty
seven dollars) is appropriated and a copy of said budget
is attached hereto and made a part hereof.
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 18th DAY OF November 19 85
4 105/ r if
ku eYOR
ATTESTED:
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TY C ER"- 'EASUR R
0
CITY OF VAN BUREN, ARKANSAS
1986 PROPOSED BUDGET
(General, Street, Revenue Sharing City Park)
e stimated Balances:
General
875,000.00
Revenue Sharing -0-
Street 20,000.00
City Park 5,000.00
900,000.00
Less: Authorized Commitments From Prior Years
1985 Balance to 1986 Revenues (General Fund) 60,000.00
1/3 of 1984 Extra 0G &E Revenues 83,000.00
Pointer Trail Widening 80,000.00
223,000.00
Estimated Balance Available 677,000.00
1986 Estimated Revenues Per Attached $2,068,000.00
Total Available Revenues Estimated Balance Current $2,745,000.00
1986 Estimated Expenditures $1,984,357.00
Estimated Balance December 31, 1986 760,643.00
1986 PROPOSED BUDGET OF VAN BUREN, ARKANSAS
General, Street, Revenue Sharing and City Park
REVENUES
Forward From 1985 60,000.00
State Turnback General 225,000.00
State Turnback Workers Comp. 40,000.00
S Turnback Street 370,000.00
5 Property Tax 145,000.00
1/2 of 3 Mill Property Tax (Road) 65,000.00
Franchise Tax 570,000.00
1/3 of 1984 Extra OG &E Franchise Tax 83,000.00
Privilege Tax 56,000.00
Court Fines 110,000.00
Inspection Fees 20,000.00
Dog License 100.00
Rezoning Fees 500.00
Interest 50,000.00
Housing Authority 1,200.00
County Share Municipal Court 4,000.00
Miscellaneous 5,000.00
Revenue Sharing 230,000.00
Street Department Miscellaneous 10,000.00
City Park 22,000.00
Community Center 1,200.00
TOTAL ESTIMATED AVAILABLE REVENUES $2,068,000.00
DISBURSEMENTS
Adm. Salaries $149,500.00 Other Expenses $23,300.00 $172,800.00
Payroll Taxes 37,000.00
Contributions 5,000.00
Utility Telephone 22,000.00
Insurance and Surety Bonds 42,000.00
Dues and Subscriptions 12,500.00
Postage and Printing 6,000.00
Building Maintenance 9,000.00
Miscellaneous 6,000.00
Group Insurance 138,000.00
Retirement 68,000.00
Unemployment Insurance 8,000.00
Contingency Fund 20,000.00
Police Salaries $343,000.00 Other Expenses $74,700.00 417,700.00
Fire Salaries $322,000.00 Other Expenses $63,100.00 385,100.00
Mun. Court Sal. 25,000.00 Other Expenses 6,812.00 31,812.00
Library Expense 8,000.00
Fixed Assets 30,000.00
Street Salaries $146,000.00 Other Expenses 193,000.00 339,000.00
Contract Street Work 50,000.00
Sidewalk Program 10,000.00
Street Lights 115,000.00
City Park Sal. $30,000.00 Other Expenses $21,445.00 51,445.00
ESTIMATED TOTAL EXPENDITURES $1,984,357.00
0 ESTIMATED BALANCE FROM CURRENT REVENUE EXPENDITURES 83,643.00