RES NO 01-01-2003 CITY OF VAN BUREN, ARKANSAS
0 RESOLUTION NO. 1 2003
A RESOLUTION ADOPTING A REVISED BUDGET FOR THE
YEAR ENDING DECEMBER 31, 2002.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN
BUREN, ARKANSAS:
THAT, 2002 Current year's revenues of $9,831,510.58 (Nine
Million, Eight Hundred Thirty -One Thousand, Five Hundred Ten
Dollars and Fifty -Eight Cents) are appropriated and a copy of
said Budget is attached hereto and made a part hereof;
THAT, 2002 Current year's expenditures of $11, 653,227.98
(Eleven Million, Six Hundred Fifty -Three Thousand, Two
Hundred Twenty -Seven Dollars and Ninety -Eight Cents)
including expenditures from prior year's balances are
appropriated and a copy of said Budget is attached hereto and
made a part hereof; and
THAT, Transfers from General Fund to LOPFI in the amount
of $44,743.73 (Forty -Four Thousand, Seven Hundred Forty -Three
Dollars and Seventy -Three Cents) are approved; and
THAT, Transfers from General Fund to King Opera House
Fund in the amount of $9,800.00 (Nine Thousand, Eight Hundred
Dollars) are approved; and
THAT, Transfers from General Fund to Sidewalk Fund in
the amount of $20,723.27 (Twenty Thousand, Seven Hundred
Twenty -Three Dollars and Twenty -Seven Cents) are approved;
and
THAT, Current year's expenditures from the LOPFI Fund in
the amount of $120,419.24 (One Hundred Twenty Thousand,
Four Hundred Nineteen Dollars and Twenty -Four Cents) are
approved; and
0
THAT, Current year's expenditures from the Capital
Improvements Fund in the amount of $1,930,192.53 (One Million,
Nine Hundred Thirty Thousand, One Hundred Ninety -Two
Dollars and Fifty -Three Cents) are approved as follows:
(Administration $71,220.38; Expenditures $3,500.00; Street
Fund $1,566,564.67; Parks Recreation $27,303.20; Water
Sewer $261,604.28; and
THAT, Current year's expenditures from Civil Small Claims
Fund in the amount of $6,000.00 (Six Thousand Dollars) are
approved; and
THAT, Current year's expenditures from the King Opera
House Fund in the amount of $24,789.55 (Twenty -Four
Thousand, Seven Hundred Eighty-Nine Dollars and Fifty -Five
Cents) are approved.
PASSED AND APPROVED THIS of I DAY OF JANUARY, 2003.
l (7
AYOR\
ATTESTED:
CITY CLERK TREASURER