AN ORDINANCE PROVIDING FOR AND ADOPTING THIS MID-YEAR AMENDED BUDGET FOR THE CITY OF EUREKA SPRINGS, ARKANSAS, FOR THE TWELVE-MONTH PERIOD BEGINNING JANUARY 1, 2006 AND ENDING DECEMBER 31, 2006; APPROPRIATING MONEY FOR EACH AND EVERY ITEM OF EXPENDITURE THEREIN PROVIDED FOR.
WHEREAS, the City Council of the City of Eureka Springs, Arkansas, has made a comprehensive study of the current budget: and
WHEREAS, in the opinion of the City Council, the proposed 2006 Budget should be amended to reflect the following changes in both Revenue and Expenditure budgetary amounts: and
NOW
THERFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EUREKA SPRINGS,
ARKANSAS, THAT:
Section 1. This ordinance shall be known as the 2006 Mid-Year Budget Amendment Ordinance for the City of Eureka Springs, Arkansas, for the twelve-month period beginning January 1, 2006 and ending December 31, 2006; and the attached documents present revisions to estimates for revenues and expenditures for the period. All revenues and appropriations are based on estimated revenues; and all estimates are subject to change during the budgetary period.
Section 2. This Ordinance reflects amendments to the 2006 Budget suggested by Resolution 527 and Resolution 531 with the omission of items numbered 2, 3 and 4 concerning administrative services and the Public Works Department in Resolution 527.
Section 3. This Ordinance reflects reduction to the revenues totals for water and sewer not referenced in either resolution. This Ordinance also reflects necessary changes to the Municipal Court Retirement Contribution.
Section 4. The amounts for revenues and expenditures proposed in this 2006 Mid-Year Amended Budget are hereby appropriated for the purpose set forth for the calendar year ending December 31, 2006.
The Amendments are as follows:
(01) General Fund
Dept. 10-City Administration
Mayor 01-10-5572 Professional Services Other increased $5,000
Mayor 01-10-5000 Salaries and Wages reduced $18,200
Dept. 11-Accounting Department
Accounting 01-11-5000 Salaries and Wages reduced by $9,500
(01) General Fund
Dept 10-City Administration
Mayor 01-10-5571 Professional Services Legal increased $10,000
(85) Transit Fund
Revenues
Grants 85-00-4500 Reimbursement Arkansas Highway State Aid increase $10,000
Payment from CAPC 85-00-4350 increase $41,670
Rent from Chamber of Commerce 85-00-3450 reduced $17,200
Dept 02-Transit Operations
Wages Ticket Sales 85-02-5005 increased $20,000
Payroll Taxes 85-02-5030 increased $1,470
Utilities 85-02-5560 increased $3,000
Other
Miscellaneous Expense 85-02-5600 increased $10,000
Other Amendments deemed necessary to the 2006 Budget are as follows:
(01) General Fund
Dept 13-Municipal Court-01-13-5010-Retirement Contribution reduced $8,310
(71) Municipal Court Retirement Fund Revenues
Retirement Contribution 71-00-5010- increased $8,310
(80) Water and Sewer Fund Revenues
Utility Revenues Water Sales- 80-00-4375-reduced by 10% - $61,000 to $549,000 budgeted
Utility Revenues- Sewer Fees 80-00-4376- reduced by 10% - $62,500 to $562,500 budgeted
This reduces the estimated revenue from $1,362,500 to $1,203,000 for Fund 80 Water and Sewer.
Section 5. Repeal clause: All ordinances, resolutions, and parts thereof, in conflict herewith are hereby repealed to the extent of such conflict.
PASSED AND ORDAINED BY THE CITY COUNCIL OF THE CITY OF EUREKA SPRINGS, ARKANSAS, ON THIS _________DAY OF _______________, 2006.
APPROVED:
_____________________________
Mayor Kathy Harrison
ATTEST:
___________________________
City Clerk-Treasurer Mary Jean Sell