RES NO 12-05-1985 i�- 5•i
CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. 4 /O` -1985
A RESOLUTION ADOPTING A REVISED BUDGET FOR THE FISCAL YEAR ENDING DECEMBER 31, 1985.
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 $319,360.80 (Three Hundred Nineteen Thousand,
Three Hundred Sixty Dollars, and Eighty Cents) is appropriated; and
THAT, 1985 estimated current year's expenditures of $1,956,162.00 (One Million,
Nine Hundred Fifty -Six Thousand, One Hundred Sixty -Two Dollars) is appropriated and
a copy of said budget is attached hereto and made a part hereof; and
THAT, 1985 estimated current year's expenditures from the King Opera House Fund
amounting to $22,000.00 (Twenty Two Thousand Dollars) is appropriated; and
THAT, Transfers from Revenue Sharing Fund to General Fund totalling $281,307.14
(Two Hundred Eighty -One Thousand, Three Hundred Seven Dollars and Fourteen Cents) are
approved; and
THAT, Transfers from LOPFI Fund to General fund in the amount of $3,971.25 (Three
Thousand, Nine Hundred Seventy One Dollars, and Twenty Five Cents) is approved; and
THAT, Transfers from General Fund to Street Fund totalling $102,950.00 (One
Hundred Two Thousand, Nine Hundred Fifty Dollars) are approved; and
THAT, Transfers from General Fund to Pool Fund totalling $25,000.00 (Twenty -Five
Thousand Dollars) are approved:
PASSED AND APPROVED THIS 16th DAY OF December 19 85
/4.1
MAYOR
ATTESTED:
CIT' CLERK TREASURER
1985 REVISED BUDGET OF VAN BUREN, ARKANSAS
General, Street, Revenue Sharing and City Park
REVENUES
Forward From 1984 60,000.00
State Turnback Worker's Comp. 38,820.00
State Turnback General 221,000.00
S Turnback Street 330,000.00
511 Property Tax 133,000.00
1/2 of 3 Mill Property Tax (Road) 75,000.00
Franchise Tax 575,000.00
1/3 of 1984 Extra OG &E Franchise Tax 83,003.00
Privilege Tax 56,000.00
Court Fines 110,000.00
Inspection Fees 21,000.00
Dog License 100.00
Rezoning Fees 500.00
Interest 67,000.00
Housing Authority 1,200.00
County Share Municipal Court 5,300.00
Miscellaneous 4,100.00
Revenue Sharing (Including 1984 Carryover) 281,307.00
Street Department Miscellaneous 16,000.00
City Park 24,000.00
Community Center 1,400.00
TOTAL ESTIMATED AVAILABLE REVENUES $2,103,730.00
DISBURSEMENTS
Adm. Salaries $146,500.00 Other Expenses $20,900.00 $167,400.00
Payroll Taxes 34,500.00
Contributions 5,000.00
Utility and Telephone 24,000.00
Insurance and Surety Bonds 43,000.00
Dues and Subscriptions 12,500.00
Postage and Printing 7,000.00
Building Maintenance 9,000.00
Miscellaneous 7,000.00
Group Insurance 124,000.00
Retirement 70,000.00
Unemployment Insurance 6,000.00
Contingency Fund 25,000.00
Police Salaries $316,500.00 Other Expenses $78,500.00 395,000.00
Fire Salaries $297,000.00 Other Expenses $64,700.00 361,700.00
Nun. Court Sal. 24,000.00 Other Expenses 7,012.00 31,012.00
Library Expense 7,500.00
Fixed Assets 45,000.00
Street Salaries $128,000.00 Other Expenses$249,200.00 377,200.00
Contract Street Work 35,000.00
Sidewalk Program 3,000.00
Street Lights 115,000.00
City Park Sal. 27,500.00 Other Expenses $23,850.00 51,350.00
ESTIMATED TOTAL EXPENDITURES $1,956,162.00
ESTIMATED BALANCE FROM CURRENT REVENUE EXPENDITURES 147,568.00
CITY OF VAN BUREN, ARKANSAS
1985 REVISED BUDGET
(General, Street, Revenue Sharing City Park)
0 Actual Balances: (January 1, 1985)
General 821,364.21
Revenue Sharing 29,413.54
Street 36,632.51
City Park 6,891.60
894,301.86
Less: Authorized Commitments From Prior Years
1984 Balance To 1985 (Revenue Sharing) 29,413.54
1984 Balance To 1985 Revenues (General Fund) 60,000.00
1/3 of 1984 Extra OG &E Revenues 83,003.51
Pointer Trail Widening 80,000.00
2 New Dump Trucks (Res. 114 -9 -1984) 32,950.00
1984 City Park Grant (Res. 112 -6 -1983) 2,483.50
Census (Res. 112 -2 -1985) 12,790.25
Boys' Club Roof ($18,220 Less $5,000 From Boys'
Club Res.#2-10-1985) 13,220.00
Funds From U.R. Lot Transferred to K.O.H. Fund
Authorized at Council Meeting of 11 -18 -1985. 5,500.00
319,360.80
Estimated Balance Available 574,941.06
1985 Estimated Revenues Per Attached $2,103,730.00
Total Available Revenues Balance Current $2,678,671.06
1985 Estimated Expenditures $1,956,162.00
Estimated Balance December 31, 1985 722,509.06