• ORD|NANCE NO. 01-2018

ORD|NANCE NO. 01-2018
An Ordinance Amending the City of Morehead, Kentucky Annual Budget For FY 7-1-2017 through 6-30-2018 by Estimating Revenues and Resources and Appropriating Funds for the Operation of City Government, Budget Amendment No. 1
BE IT HEREBY ORDAINED by the Board of
City Council of the City of Morehead, Kentucky, that the Budget for the Fiscal Year begin-ning 7/1/2017 and ending 6/30/2018 is hereby amended as follows:
2017-2018 General Fund Municipal Road Aid Fund CDBG Center St. Project Insp. Ctr. Com.Dev. Fund Federal Forteiture Fund State Forteiture Fund
Resources Available: Balanced Carried Forward Estimted Revenues: 3,100,000.00 320,453.00 0.00 0.00 46,000.00 7,087.00
Taxes 1,228,000.00 Licenses & Permits 4,403,000.00 Intergovernmental Revenui 1,078,003.08 131,182.38 413,782.89 200,000.00 Other Revenue Charges for Services 6,68,267.00 700.00 348,050.00
Total Estimated Revenue Total Resources Available13,225,340.98 16,325,320.98 31,882.38 452,335.38 413,782.89 200,000. 200,000.00 46,000.00 7,08700
Appropriations: Administration & Finance 4,051,830.98 Community Center 60,753.60 Fire 453,817.58 Police 2,123,189.73 Public Works 1,001,549.55 Recreation 542,532.18 Capital Outlay 6,797,785 Municipal Road Aid. 180,000.00 CDBG Center Street Project 413,782.89 CDBG Recovery Kentucky 200,000.00 Police Forteitures Police Forfeitures - Capital Outlay
Total Appropriations Excess of Resources Over Appropriations Transfer of Funds to Non-required Savings Estimated Fund Balance 6-30-2018 15,031,458.89 1,293,862.09 1,000,000.00 1293,862.09 180.000.00 272,335.38 272,335.38 413,782.89 0.00 200,000.00 0.00 0.00 46,000.00 46,000.00 7,087.00 7,087.00
First Reading: December 11, 2017 Second Ready: January 8, 2018 APPROVED: James T. Trent, Mayor ATTEST: Crissy Cunningham, City Clerk
The full text of this Ordinance may be reviewed by any interested citizens at the Administrative Offices Building, 314 Bridge Street, Morehead, KY. Office of the City Clerk, Monday through Friday, 8 am to 4:30 pm. This is to certify that the foregoing is a true summary of the Ordinance for the City of Morehead, Ky. This the 9th day of January 2018. /s/ Joyce Planck Stevens, City Attorney Published: January 12, 2018
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PostedJanuary 12, 2018