RES NO 12-03-1984 Iz- 5-I9 &y
CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. S /a. -1984
A RESOLUTION ADOPTING A REVISED BUDGET FOR THE FISCAL YEAR ENDING
DECEMBER 31, 1984.
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 $114,125.84 (One
hundred fourteen thousand, one hundred twenty -five dollars, and eighty
four cents) is appropriated; and
THAT, 1984 estimated current year's expenditures of $1,727,484.00
(One million, seven hundred twenty seven thousand, four hundred eighty
four dollars) is appropriated and a copy of said budget is attached
hereto and made a part hereof; and
THAT, 1984 estimated current year's expenditures from the King
Opera House fund amounting to $23,000.00 (Twenty three thousand dollars)
is appropriated; and
THAT, Disbursement of Proceeds from the Corps of Engineers Lawsuit
Settlement amounting to $1,100,000.00 (One million, one hundred thousand
dollars) is appropriated.
PASSED AND APPROVED THIS 17th DAY OF December ,19 84
Pee
MAYOR
ATTESTED:
C RK- T'EASURER
CITY OF VAN BUREN, ARKANSAS
1984 REVISED BUDGET
(General, Street, Revenue Sharing City Park)
Estimated Balances:
General 596,828.90
Revenue Sharing -0-
Street 22,366.92
City Park 6,944.27
626,140.09
LESS: Authorized Commitments From Prior Years
1983 Balance To 1984 Revenues (General Fund) 60,000.00
Swimming Pool Project Res. No. 2 -6 -1983) 28,500.00
Additional On Swimming Pool Project (Res. No. 2 -8 -84) 5,000.00
Codify Ordinances (Res. 2 -3 -83) 1,500.00
Balance on New Phone System (Ord. No. 24 -1983) 4,365.84
Pedestrian Signals at 15th E. Main (Ord. No. 12 -84) 2,750.00
Griffin Grocery Railroad Spur (Res. No. 2 -7 -1984) 12,000.00
114,125.84
Estimated Balance Available 512,014.25
1984 Estimated Revenues Per Attached 2,041,297.00
Less 2/3 of OG &E Estimated Extra 1984 Revenues (164,000.00)
1,877,297.00
Total Available Revenues Estimated Balance Current 2,389,311.25
1984 Estimated Expenditures 1,727,484.00
Estimated Balance December 31, 1984 661,827.25
MEMO
KING OPERA HOUSE FUND Balance 1-1-84 1,925.13
Estimated Receipts 1984 26,300.00
28,225.13
Estimated Expenditures 1984 23,000.00
Estimated Balance 12 -31 -84 5,225.13
MEMO
Proceeds From Corps of Engineers Lawsuit Settlement 1,100,000.00
Paid To Attorneys (One Third)(Res. No. 5 -11 -1983) 366,666.66
Balance of Proceeds To Water Sewer Dept. 733,333.34
1,100,000.00
1984 REVISED BUDGET OF VAN BUREN, ARKANSAS
General, Street, Revenue Sharing and City Park
REVENUES
Forward From 1983 60,000.00
State Turnback General 221,000.00
g ate Turnback Street 290,000.00
Mill Property Tax 135,000.00
1/2 of 3 Mill Property Tax 38,000.00
Franchise Tax 470,000.00
OG &E Additional Revenues 1984 Only 246,000.00
Privilege Tax 60,000.00
Court Fines 58,000.00
Inspection Fees 14,000.00
Dog License 100.00
Rezoning Fees 600.00
Interest on C.D. 67,000.00
Housing Authority 1,147.00
County Share Municipal Court 5,000.00
Miscellaneous 77,500.00
Revenue Sharing 269,400.00
Street Department Miscellaneous 5,000.00
City Park 22,200.00
Community Center 1,350.00
TOTAL ESTIMATED REVENUES $2,041,297.00
Less 2/3 of OG &E Additional 1984 Revenues 164,000.00
TOTAL ESTIMATED AVAILABLE REVENUES $1,877,297.00
DISBURSEMENTS
Adm. Salaries $136,500.00 Other Expenses 19,050.00 155,550.00
Payroll Taxes 32,000.00
Contributions 5,000.00
Utility and Telephone 22,000.00
Insurance and Surety Bonds 16,000.00
Dues. and Subscriptions 12,000.00
Postage and Printing 6,000.00
Building Maintenance 6,500.00
Miscellaneous 5,800.00
Group Insurance 124,000.00
Retirement 58,000.00
Unemployment Insurance 8,150.00
Contingency Fund 26,000.00
Police Salaries $296,000.00 Other Expenses 73,700.00 369,700.00
Fire Salaries $271,000.00 Other Expenses 59,700.00 330,700.00
Mun. Court Sal. 22,200.00 Other Expenses 6,712.00 28,912.00
Library Expense 6,000.00
Fixed Assets 28,000.00
Street Salaries $119,000.00 Other Expenses $187,100.00 306,100.00
Contract Street Work 48,000.00
Sidewalk Program 6,000.00
Street Lights 85,000.00
•_ty Park Sal. 26,100.00 Other Expense 15,972.00 42,072.00
ESTIMATED TOTAL EXPENDITURES $1,727,484.00
ESTIMATED BALANCE FROM CURRENT REVENUE EXPENDITURES 149,813.00