RES NO 09-03-2016 CITY OF VAN BUREN,ARKANSAS
RESOLUTION NO. ( - 3 -2016
BE IT ENACTED BY THE CITY COUNCIL, FOR THE CITY OF VAN BUREN
ARKANSAS, A RESOLUTION TO BE ENTITLED:
A RESOLUTION TO AMEND RESOLUTION 02-05-2016
ADOPTING A REVISED BUDGET FOR THE YEAR ENDING
DECEMBER 31,2015; AND FOR OTHER PURPOSES.
WHEREAS, the Van Buren City Council passed Resolution 02-05-2016 to adopt a revised
budget for the year ending December 31, 2015; and
WHEREAS, an accounts payable to Foresgren, Inc. that was paid in January 2016 in the
amount of$457,255.62 should have been included in the 2015 revised budget for
the Street Fund.
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF VAN
BUREN,ARKANSAS, THAT:
SECTION 1: The amount of the Street Fund in the 2015 Revised Budget that was passed by
Resolution 02-05-2016 is amended to read $2,071,193.04.
SECTION 2: The Mayor and City Clerk are hereby authorized by the City Council for the City
of Van Buren to execute all documents necessary to effectuate this Resolution.
IN WITNESS WHEREOF,the City of Van Buren,Arkansas, by its City Council, did pass,
approve, and adopt,by a vote of Co for and against,the foregoing Resolution at its regular meeting
held on the 19th day of September 2016.
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Robert D.Free
Mayor
ATTESTED: AP RO Vii.• S I •
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Phyllis Thomas 'ice A. Settle
City Clerk/Treasurer - City Attorney
CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. " '3 - 2016
A RESOLUTION ADOPTING A REVISED BUDGET FOR THE YEAR
ENDING DECEMBER 31, 2015.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN
BUREN, ARKANSAS:
THAT, 2015 Current year's revenues of $16,715,368.22 (Sixteen
Million, Seven Hundred Fifteen Thousand, Three Hundred Sixty-Eight
Dollars and Twenty-Two Cents) are appropriated and a copy of said
Budget is attached hereto and made a part hereof;
THAT, Transfers from General Fund to the King Opera House
Fund in the amount of $19,350.00 (Nineteen Thousand, Three Hundred
Fifty Dollars) are approved; and
THAT, 2015 Current year's expenditures of $16,864,200.38
(Sixteen Million, Eight Hundred Sixty-Four Thousand, Two Hundred
Dollars and Thirty-Eight Cents) including expenditures from prior
year's balances are appropriated as follows:
General Fund - $13,859,051.18 (which include Capital
Improvements Money in the amount of $2,757,862.80 (Two Million,
Seven Hundred Fifty-Seven Thousand, Eight Hundred Sixty-Two
Dollars and Eighty Cents) (Administration - $29,788.66; Police
Department - $660,714.87; Storm Disaster Recovery - $309,108.50;
Street Department— (In House) - $112,459.58, (Street and Drainage) -
$230,938.79; Water and Sewer - $240,000.00; Rena Road - $34,890.00;
Parks & Recreation - $73,156.51; Senior Inn - $977,576.05; Intermodal
Port - $37,025.00; Library — 30,341.35; Cemetery - $19,963.49; King
Opera House - $1,900.00);
Municipal Judge and Court Clerk Ret. Fund - $22,838.14;
Street Fund - $1,613,937.42;
Federal Forfeiture - $42,281.21;
State Forfeiture - $4,809.09;
LOPFI Fund - $1,292,876.59;
ACEDP Grant (Experian) - $482.02;
ACEDP Grant (Oxane) - $1,113.71;
King Opera House Fund - $26,811.02; and
THAT, all expenditures are approved and a copy of the Revised
Budget is attached hereto and made a part hereof.
PASSED AND APPROVED THIS a7-Z- DAY OF FEBRUARY, 2016.
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ATTESTED:
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CITY CLERK-TREASURER
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