Ordinance 03, Series 15/16 Amended Budget

CITY OF WINDY HILLS

 ORDINANCE NO. 3 Series 2015/2016

 AN ORDINANCE RELATING TO THE ADOPTION OF AN AMENDED BUDGET FOR THE CITY OF WINDY HILLS FOR THE FISCAL YEAR JULY 1, 2015 THROUGH JUNE 30, 2016, ESTIMATING REVENUES AND RESOURCES AND APPROPRIATING FUNDS FOR THE OPERATION OF CITY GOVERNMENT.

         

                WHEREAS, an Amended Budget Proposal and Message have been prepared and delivered to the City Council, and

                WHEREAS, the City Council has reviewed such budget proposal and made necessary modification, now therefore,

                BE IT ORDAINED BY THE CITY OF WINDY HILLS

                Section1. The budget for the fiscal year beginning July 1, 2015 and ending June 30, 2016 is hereby adopted as follows:

                                                                General Fund                                          Road Aid Fund

RESOURCES AVAILABLE:

Fund Balance Carried fwd.                          $764,269                                                       $382,359

                Estimated Revenues:

                Property Taxes                                              524,000

                Property Tax Discount                                 (209,000)

                Muni. Ins. Prem. Tax                                    230,000

                Cable TV franchise (other)                              18,000

                Muni. Road Aid Fund                                                                                                            60,000

                Interest                                                               4,200                                                                500

                Other                                                                 6,600                                                                            

                Total Estimated Revenues                             573,800                                                             60,500

                Total Resources Available for

                Appropriation                                             $1,338,069                                                          442,859   

                APPROPRIATIONS:

                General government                                    $145,000

                Public Safety                                                   52,800

                Streets, public works                                       20,000                                                               75,000

                Street lighting                                                                                                                            35,000

                Sanitation                                                      220,000

                Snow Removal                                                                                                                         20,000

                Tree Board                                                        8,000

                City Improvements                                         100,000

                Emergency Fund                                              28,000                                                              20,000

                TOTAL APPROPRIATIONS                                   $573,800                                                            $150,000 

                Excess of Resources over

                Appropriations                                             $764,269                                                          $292,859  

                Estimated Fund Balances at end of

                Fiscal Year                                                   $764,269                                                          $292,859  

Section 2.                                This ordinance shall take effect upon its passage and publication.

First Reading held November 9, 2015

Second Reading, Passed and approved December 14, 2015