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HomeMy WebLinkAbout184741 2 3 4 51 6i 7, 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 35 36 OORDINANCE NO. 18,474 i AN ORDINANCE TO AMEND ORDINANCE NUMBER 18,409( "THE 2001 BUDGET ORDINANCE ") TO APPROPRIATE & REALLOCATE FUNDS; AND FOR OTHER PURPOSES. WHEREAS, the Board of Directors adopted the 2001 Budget Ordinance on December 26, 2000; and WHEREAS, ongoing budget authority is required to complete the planned projects and certain 2000 Budget balances should be added to the original 2001 Budget and additional items are requested to increase various funds. NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. There is hereby appropriated revenues of $28,317,686 and $65,131,152 of expenses. Fund Revenue Street Fund -200 Zoo Enterprise Fund -607 911 Fund -250 98 Parks and Recreation Bonds 98 Infrastructure Bonds * 95 A and B Capital Improvement Bonds -Debt Service 99 Library Improvement Bonds -Debt Service CDBG Fund HOME Fund Welfare to Work Workforce Investment Act Police Pension Fund Fire Pension Fund Municipal Judges Retirement Fund Non Uniformed Retirement Fund Grand Total Revenues 218,925 31,761 1,800,000 155,655 156,397 7,000,000 750,000 3,500,000 1,000,000 3,000,000 1,000,000 3,700,000 3,800,000 17,000 2,500,000 528,629,738 General Fund -100 910,758 Animal Services Fund -110 140,000 Street Fund -200 557,624 Fleet Internal Service Fund -600 351,804 Solid Waste Fund -603 1,182,297 Recreation Enterprise Fund -605 - 172,074 Zoo Enterprise Fund -607 31,761 Special Projects- 210 4,483,345 911 Fund -250 1,487,164 1988 Capital Improvement Fund -301 2,683,859 I 3 4 5 6 7 8 9 11 12 13 14 15 16 17 18 19 20 21 22 23 25 26 27 28 29 31 32 33 34 35 36 0 1995 Capital Improvement Fund -303 1998 Capital Improvement Fund Infrastructure -304 1998 Capital Improvement Fund Parks & Recreation -305 1999 Capital Improvement Fund Library-307 93 and 95- Waste Disposal Bonds -Debt Service 95 A and B Capital Improvement Bonds -Debt Service 98 Parks and Recreation Bonds -Debt Service 98 Infrastructure Bonds -Debt Service * 99 Library Improvement Bonds -Debt Service CDBG Fund HOME Fund Welfare to Work Workforce Investment Act Seized Money Fund Police Pension Fund Fire Pension Fund Municipal Judges Retirement Fund Non Uniformed Retirement Fund Revenue Sharing -499 Other Grants Grand Total * Changes from the April 17, 2001 Meeting. 0 2,359,077 10,493,382 4,815,856 5,400,000 2,443,468 3,996,023 1,295,000 1,500,000 749,545 3.510,500 1,138,224 3,000,000 1,000,000 25,483 4,300,000 5,200,000 80,000 3,000,000 167,801 149,652 $66,280,549 SECTION 2. DECLARING AN EMERGENCY. Whereas, an emergency is hereby declared to exist and this ordinance being necessary for the preservation of the public peace, health and safety, shall take effect and be in force from and after its passage and approval. PASSED: May 1, 2001 ATTEST: N CY WO D, CITY CLERK APPROVED AS TO FORM: THOMAS M. CARPENTER CITY ATTORNEY APPROVED: l 1/ " W_� � M AILEY, MAYOR BOARD OF DIRECTORS COMMUNICATION 0 • TO: MAYOR AND BOARD OF DIRECTORS FROM: CY CARNEY CITY MANA DATE: APRIL 26, 2001 SUBJECT: 2001 BUDGET AMENDMENT — MAY 1, 2001 BOARD OF DIRECTORS REGULAR MEETING Attached is the revised ordinance that amends the 2001 Budget. There are several areas that are included as part of this amendment. The ordinance summarizes the activity to be amended. The new information added is the beginning cash balances by fund at January 1, 2001. The new report summarizes by fund the beginning cash balances at January 1, 2001, already budgeted revenue, transfers in and revenue amendments, and already budgeted expenditures, transfers out, and expenditure amendments with the ending cash balances estimated at December 31, 2001. The amendment includes the following: o Carryover of budget authority of the balance of open Purchase Orders at December 31, 2000 • The open balances at December 31, 2000 of special projects as reported to the Board in the 2000 Fourth Quarter Financial Report. • The open balances of Prevention, Intervention and Treatment Projects at December 31, 2000 as reported to the Board in the 2000 Fourth Quarter Financial Report • Other line items added to the 2001 Budget that was not included in the original adopted budget. A summary sheet is attached listing these items. Also attached is a summary of the amendments by Fund and the impact of the amendment on the 2001 projected cash balances for operating funds only. The 2001 Budget Ordinance approved on December 26, 2000 by the Board of Directors included operating funds only. This amendment includes other funds that have not been traditionally included in the budget process. They include the 9 -1 -1 Fund, Capital Improvement Bond Control Accounts, Debt Service Funds, Grant Funds, other Funds and Pension Funds. This presents a more comprehensive budget picture for the City of Little Rock. The amendment will change the 2001 Budget as follows: 2001 Original Budget 2001 Amended 2001 Revised Budget Beginning Cash/Investments $233,053,262 $ $233,053,262 Revenues 167,052,643 31,112,586 198,165,329 Expenses 167.762,502 66,544.840 234,307,342 Ending Cash/Investments $232,343,403 - $35,432,154 $196,911,249 The difference in revenues and expenses is offset by funds (cash) already on hand from prior year bond proceeds or transfers in from other funds. CITY OF LITTLE ROCK, ARKANSAS • 0 The General Fund includes three cash reserve areas based on Board policies. These are: an 8.33% one month of expenses operating reserve, an 1.5% of expenses contingency reserve, and other restricted funds within the General Fund. Current reserves are as follows: Current Needed Balance 8.33% Operating Reserve $6,002,576 $9,000,000 $3,000,000 1.5% Contingency Reserve 1,630,776 1,635,000 4,224 Other (Cable Franchise, court cases) 1,261,097 Staff will fund the 1.5% contingency balance of $4,224 from the 2001 budget. The estimated $1,399,086 cash balance in the General Fund could be used to fund more of the 8.33% (one month cash) operating reserve. The City should wait until after year end to make that decision, after actual revenues and expenses are known. The Waste Disposal Fund requires that the City set aside funds for closure /post closure costs of the landfill. The City has been setting aside funds for this but has not shown it as a restricted reserve. The current liability calculation to fully fund the closure /post closure is approximately $6,000,000, to be funded over time. 1 recommend that $3,600,000 be set aside from the balance as a reserve for closure /post closure. The balance will be funded over time. if you need additional information or have questions, please call. Attachments N 61 O O f fD m m J J b b g g A A w w N N+ - ll l ll ^ - w w - - - - - - - - - - M m m m m G G A A G G r ro m mw q q T T m m V w A A q O A A w W b m J J V b V m b VPD q J� W m m W W m Op�1 p W W qq+ V w O V N Nypy q q A A Q Q OyyDD N N q q Nmm A O m A m A O m+ w J N w + + C b + W W N N b b W W q q C o� m n j w � S � A � O m O 1 al m ' N m I Q f -1 w a m 3 x D N � c P m m � x c P � w m a O m w s CA n C °1 r 0M IA f�D O ? F ,v CL m x 7 a c W C CL N M D A S CL 3 m w m O O 1 City of Little Rock Summary of Revenue and Expenditut•ldget Amendments for 2001 Other 1 2 3 4 5 6 7 8 9 16 11 17 13 14 if 1E 17 1E tf 2( 21 2: 2: Z 21 21 2'. 2! Revised 04126/2001 Total Fund __ _ - 328,758 0 346,401 1,010,048 140,000 $57,624 Revenue 1,165,000 - 179,163 4 320 351,804 182,297 7,089 2TA41 a General Fund -100 - 7,447,000 1,208,621 10,721 724 e Animal Services Fund -110 1,400,000 87,164 1,487,164 Street Fund -200 218,925 33,859 2,650,000 218,925 Fleet Internal Service Fund -600 134.0771 2,225,000 0 Solid Waste Fund-603 2,193,382 8,300,000 0 Recreation Enterprise Fund-605 15,856 4,800,000 5,400,000 0 Zoo Enter rise Fund-607 31,761 31,761 Special Projects- 210 3,996,023 0 911 Fund -250 1,800,000 1,800,000 1988 Capital Im rovement Fund301 1,500,000 a 1995 Capital improvement Fund-303 749,545 0 1998 capital improvement Fund Intrastructure304 3,500,000 10,500 0 1 HOME Fund 1,000,000 138,224 0 1998 Capital Im rovemant Fund Parks 8 Recreatior►305 1999 Capital Improvement Fund Libra 307 3,00-0,00-0 a 93 and 95- Waste Disposal Bonds-Debt Service 1,000,000 a 95 A and B Capital Im rovement Bonds -Debt Service 7,000,000 25,483 7,000,000 98 Parks and Recreation Bonds -Debt Service 1,295,000 1,295,000 i 98 infrastructure Bonds -Debt Service 1,500,000 1,500,000 199 Libra Im rovemem Bonds -Debt Service 750,000 750,WD I CDBG Fund 3,500.000 0 167,801 3,500,000 HOME Furl 1,000,000 0 149,652 1,000,000 Welfare to Work 3,000,000 �41 3,000,000 1 Workforce Investment Act 1,000 000 1,000,000 I Seized Morey Fund 27,039,706 5,090,956 34,414,178 0 i Police Pension Fund 3,700,000 3,700,000 S Fire Pension Fund 3,800,000 3,800,000 r rdunicloal Judges Redrement Fund 17,000 17,000 f Non Uniformed Retirement Fund 2,500,000 2,500,000 3 Grand Total Revenues 31,112,6861 of 0 31,112,606 30 31 32 33 34 36 36 37 36 39 4U 41 4: 42 44 4: 4E 41 41 41 6( 5' 5: 5: 51 5' 5; S 5 mum . Purchase Projects - Orhnr Orders Carryover to 2001 Total General Fund -100 Animal Services Fund -110 Street Fund -200 681,290 140,000 211,223 - 328,758 0 346,401 1,010,048 140,000 $57,624 Fleet Internal Service Fund-600 Solid Waste Fund-603 Recreation Enterprise Fund-605 Zoo Enterprise Fund-607 1,165,000 - 179,163 4 320 351,804 182,297 7,089 2TA41 351,804 1,347,297 - 172,074 31,761 Special Projects- 210 - 7,447,000 1,208,621 10,721 724 4,483,345 911 Fund -250 1,400,000 87,164 1,487,164 1988 Capital Improvement Fund -301 33,859 2,650,000 2,683,859 1995 Capital Improvement Fund-303 134.0771 2,225,000 2,359,077 1998 capital improvement Fund Infrastructure-304 2,193,382 8,300,000 10,493,382 1998 Capital Improvement Fund Parks & Recreation305 1999 Ca ital ]Improvement Fund Libra 307 15,856 4,800,000 5,400,000 4,815,856 5,400,000 • 93 and 95- Waste Disposal BOnds-Debt Service 2,443,468 2,443,468 95 A and B Capital Im rovemere Bonds -Debt Service 3,996,023 3,996,023 98 Parks and Recreation Bonds -Debt Service 1,295 000 1,295,00 ' 98 infrastructure Bonds -Debt service 1,500,000 1,500,000 199 Ubrary improvement Bonds-0ebt Service 749,545 749,545 1 CDBG Fund 3,500,000 10,500 3,510,500 1 HOME Fund 1,000,000 138,224 1,138,224 Welfare to Work 3,00-0,00-0 3,000,000 1 Workforce investment Act 1,000,000 1,000,000 t Seized MO Fund 25,483 25,483 1 Police Pension Fund 4,300,000 4,300,000 1 Fire Pension Fund 5-12-0-0-1000 5,200 000 t Municipal Judges Retirement Furl 80,000 60,000 i Non Uniformed Retirement Fund 1 Revenue Sharhg499 3,000,000 0 167,801 3,000,000 167,801 i Other Grants 0 149,652 149,652 fl Grand Total 27,039,706 5,090,956 34,414,178 66,544,840 City of Little Rock 0 • (1,010,048) 10,294,435 Summary Repoet. of Budget Amendments and Impact on Cash Balances Revenues 1,671,716 Actual operating Reserve Amenaeo (6,002,576) 12/31/2000 2001 2001 FUND Budget Budget Amendments Budget General Fund (1,261,097) Balance (653,226) Beginning Cash 10,110,047 11,304,483 11,304,483 Revenues 104,573,911 109,241,056 - 109,241,056 Expenses 103,379,475 109,241,056 1,010,048 110,251,104 Revenues less Expenses 1,194,436 - (1,010,048) (1,010,048) GF Balance 11,304,483 11,304,483 (1,010,048) 10,294,435 Less: Contingency and Reserves Revenues 1,671,716 2,288,909 operating Reserve (6,002,576) (6,002,576) (6,002,576) General Fund Contingency (1,630,776) (1,630,776) (1,630,776) All Other Reserves (1261097) (1261097) (1,261,097) GF Balance 2,410,034 2,410,034 (1,010,048) 1,399,986 Zoo Fund Beginning Cash - - - Revenues 2,404,760 2,940,055 31,761 2,971,816 Expenses 2,404,760 2,940,055 31,761 2,971,816 Revenues less Expenses Balance Golf Fund Beginning Cash - (653,226) (653,226) Revenues 1,671,716 2,288,909 2,288,909 Expenses 2,324,942 2,321,858 (178,880) 2,142,978 Revenues less Expenses (653,226) (32,949) 178,880 145,931 Balance (653,226) (686,175) 178,880 (507,295) War Memorial Fitness Center Beginning Cash - 23,675 - 23,675 Revenues 812,930 918,102 - 918,102 Expenses 789,255 916,919 6,806 923,725 Revenues less Expenses 23,675 1,183 (6,806) (5,623) Balance 23,675 24,858 (6,806) 18,052 City of Little Rock 0 0 Summary Report of Budget Amendments and Impact on Cash Balances Actual Amended 12/31/2000 2001 2001 FUND Budget Budget Amendments Budget Concessions Beginning Cash (60,923) (60,923) Revenues Expenses Revenues less Expenses Balance Rivermarket Beginning Cash Revenues Expenses Revenues less Expenses Balance Waste Disposal Beginning Cash Revenues Expenses Revenues less Expenses Balance Less Reserve for Closure /Post Closure 414,980 446,448 446,448 475,903 446,448 446,448 (60,923) (60,923) (60,921) (60,923) (34,183) (34,183) 577,477 651,728 32,763 684,491 611,660 650,308 - 650,308 (34,183) 1,420 32,763 34,183 (34,183) (32,763) 32,763 6,979,953 8,656,663 8,656,663 13,302,435 12,300,000 - 12,300,000 11,625,725 13,098,375 1,347,297 14,445,672 1,676,710 (798,375) (1,347,297) (2,145,672) 8,656,663 7,858,288 (1,347,297) 6,510,991 (3,600,000) Balance 2,910,991 City of Little Rock 0 Summary Report of Budget Amendmen Actual 12/31/2000 FUND Budget Street Fund Beginning Cash 794,176 Revenues Expenses Revenues less Expenses Balance Fleet Services Fund Beginning Cash Revenues Expenses Revenues less Expenses Balance is and Impact on Balances Amendea 2001 2001 Budget Amendments Budget 1,352,336 1,352,336 13,638,221 13,961,781 218,925 14,180,706 13,080,061 14,975,418 557,624 15,533,042 558,160 (1,013,637) (338,699) (1,352,336) 1,352,336 338,699 (338,699) 80,991 1,357,983 1,357,983 9,053,889 9,066,205 - 9,066,205 7,776,897 8,498,706 351,804 8,850,510 1,276,992 567,499 (351,804) 215,695 1,357,983 1,925,482 (351,804) 1,573,678 . r, 0 OTHER AMENDMENTS EXPENDITURES (Line 30) General Fund 11 2000 Audit Fee $180,000 Urban Forestry Program 223,000 Workers' Compensation Reserve 179,000 Software Licenses 99,290 Total General Fund $681,290 (Line 31) Animal Services Enterprise Fund - Didn't include an expenditure budget in original - Proposed - $140,000. (Line 34) Solid Waste Fund — Transfer FEMA 99 funds to special project, environmental youth team, and anti- litter. (Line 35) Recreation Enterprise Fund — Delete First Tee budget. Move Golf Administration to General Fund, and add expenses for parking during University of Arkansas football games in Little Rock. (Line 37) Special Projects - <$7,447,000> This is expense for Outside Agencies that are funded from a transfer from the General Fund. We have changed them to be direct expenses out of the General Fund rather than a transfer out to Special Projects and then expensed there. (Lines 38 to 55) Not included in the original budget but are recommended budgets for adoption at this time.