FISCAL YEAR BUDGET FOR CITY OF UNION, KENTUCKY
AS AMENDED
for the Fiscal Year July 1, 2007 to June 30, 2008
Budgeted Percent Of Percent Of
FYE-2008 Resources Revenue
Resources Available:
Fund Balance Carried Forward From FY 06/07:
Money Market Savings 47,000.00
Business Checking Account 954,000.00
LGEAF - Coal & Mineral Fund 11,500.00
Municipal Road Fund 368,000.00
Union/Rice Cemetery Trust Fund 20,000.00
Petty Cash 100.00
Total Balance Carried Forward 1,400,600.00 47.41%
Revenue 2007-2008:
Tax Revenue 2007-2008:
Real Property (est.):
Current 767,242.34
Discount Allowance(2%) (13,178.53)
Delinquent Tax - Penalty & Interest 18,703.70
Delinquent Tax - Penalty & Interest 5,752.41
Total Real Property Tax 778,519.92 26.35% 50.11%
Tangible Property (est.):
Current 17,594.08
Discount Allowance(2%) (225.76)
Delinquent Tax 675.98
Delinquent Tax - Penalty & Interest 135.69
Omitted Tangible Property 802.72
Total Tangible Taxes 18,982.71 0.64% 1.22%
Bank Deposits:
Current 10,249.91
Discount Allowance(2%) (205.00)
Delinquent Tax 0.00
Delinquent Tax - Penalty & Interest 0.00
Total Bank Deposits 10,044.91 0.34% 0.65%
Total Tax Revenue 807,547.54 27.34% 51.98%
Municipal Road Funds:
Revenue Received 55,474.00
Total Municipal Road Funds 55,474.00 1.88% 3.57%
Bond Agreement
    Revenue Received 49,215.20
Total Bond Agreement 49,215.00
LGEAF - Coal & Mineral Fund:
Revenue Received 2,050.00
Total LGEAF - Coal & Mineral Fund 2,050.00 0.07% 0.13%
Total Municipal Aid 106,739.00
Union/Rice Cemetery:
Revenue Received 2,400.00
Quarterly Income 0.00
Total Union/Rice Cemetery 2,400.00 0.08% 0.15%
Franchise Fees:
CATV - Revenue Received 20,709.59
Total Franchise Fees 20,709.59 0.70% 1.33%
Interest:
Interest Received - Money Market Savings Account 12,274.23
Interest Received - Business Checking Account 0.00
Interest Received - Municipal Road Fund 0.00
Interest Received - LGEAF 188.96
Interest Received - No Breakdown 2,419.73
Total Interest 14,882.92 0.50% 0.96%
Miscellaneous Income:
Grant Revenue (Sanitary Sewer Grants) 600,000.00
Refunds / Overpayments (177.99)
Lien Release Fees 0.00
Miscellaneous Income 1,495.45
Total Miscellaneous Income 601,317.46 20.35% 38.70%
Total Revenue 2007-2008 1,553,596.51
Total Estimated Resources Available: 2,954,196.51
Appropriations:
Waste Collection: 212,000.00 7.18% 14.00%
Public Works:
Street Repairs (street repair, sealing,etc). 75,700.00
Storm Sewers 3,000.00
Repairs Other 10,000.00
Street Signs 2,000.00
Snow Removal 100,500.00
Sanitary Sewers (incl. grants not expended) 385,500.00
Mowing/Landscaping 30,000.00
Total Public Works 606,700.00 20.54% 40.06%
City Building:
Principal and Interest 12,300.00
Utilities 5,300.00
* Electric
* Water
* Sewer
Janitorial 2,500.00
Maintenance 15,900.00
   Total City Building 36,000.00 1.22% 2.38%
Street & Traffic Lights:
    Street Lights - Utilities 71,000.00
* Street Lights
* Entrance Lights
* Accent Lighting
    Traffic Signal - Utilities 1,000.00
Total Street & Traffic Lights 72,000.00 2.44% 4.75%
Salaries:
City Clerk/Treasurer Salary 42,500.00
FICA W/H 850.00
Medicare W/H 616.25
KY Unemployment Ins. W/H 160.00
CERS 5,605.75
Superintendent of Public Works (contractor) 0.00
City Administrative Officer 12,400.00
FICA WH 248.00
Medicare WH 179.80
KY Unemployment Ins. W/H 160.00
CERS 0.00
Mayor 675.00
Commission 2,700.00
Cemetery Sexton 1,200.00
Additional - Temporary Help 9,000.00
   Total Salaries 76,294.80 2.58% 5.04%
Attorney Expense:
City Attorney 51,000.00
Sewer Project 28,000.00
   Total Attorney Expense 79,000.00 2.67% 5.22%
Planning
Planning & Zoning 38,000.00
GIS Services 5,000.00
Boone County Urban Forestry 30,000.00
Total Planning 73,000.00 2.47% 4.82%
Union/Rice Cemetery Expense:
Repair / Maintenance 1,000.00
* Fencing
* Seeding & Cover
* Mulching
Other
Total Union/Rice Cemetery Expense 1,000.00 0.03% 0.07%
Insurance Expense:
Liability 5,000.00
Bonding 500.00
Workers Compensation Trust 550.00
Total Insurance Expense 6,050.00 0.20% 0.40%
County PVA Fees:
Use of County Assessment Role 19,000.00
Tax Bill Preparation 0.00
County PVA - Other 0.00
   Total PVA Fees 19,000.00 0.64% 1.25%
Engineer Expense:
Time 72,000.00
Sanitary Sewer 201,500.00
Mileage 2,500.00
Expense 0.00
Total Engineer Expense 276,000.00 9.34% 18.23%
Required Annual Audit 4,200.00 0.14% 0.28%
Miscellaneous Expense 4,000.00 0.14% 0.26%
Code of Ordinances Update 3,500.00 0.12% 0.23%
Legal Advertising 4,500.00 0.15% 0.30%
Interlocal Agreements 1,200.00 0.04% 0.08%
Telecommunication Expenses:
Telephone, Voicemail, Network, etc. 3,400.00
Total Telecomm. Expense 3,400.00 0.12% 0.22%
  Office Supplies 2,000.00 0.07% 0.13%
  Office Equipment & Repairs:
Computer Equipment and Repairs 1,000.00
Computer Software/Contingencies 9,500.00
Other Equipment - Purchases/Leases 7,000.00
Other Equipment - Repairs 500.00
   Total Equipment & Repairs 18,000.00 0.61% 1.19%
  Postage 1,500.00 0.05% 0.10%
Business/Travel Expenses:
City Clerk - Includes KLC 2,000.00
City Administrative Officer 0.00
Mayor/Commissioners 2,000.00
Total Business/Travel Expenses 4,000.00 0.14% 0.26%
Northern KY Area Development District 1,500.00 0.05% 0.10%
Northern Kentucky Regional Ethics Authority 500.00 0.02% 0.03%
* ($300 Annual Fee + $300 Setup Fee)
Petty Cash 500.00 0.02% 0.03%
Filing Fees 100.00 0.00% 0.01%
Professional Fees:
Accounting 300.00
Payroll 1,200.00
Other 1,500.00
Total Professional Fees 3,000.00 0.10% 0.20%
Dues & Subscriptions 4,000.00 0.14% 0.26%
Returned Checks 1,200.00 0.04% 0.08%
Penalty Charges 50.00 0.00% 0.00%
Interest Charges 0.00 0.00% 0.00%
Uncategorized Expenses 100.00 0.00% 0.01%
Total Appropriations 1,514,294.80 51.26% 100.00%
Excess of resources over / (under)
revenues 39,301.71
Estimated Fund Balance End
of Fiscal Year 1,439,901.71