RESOLUTION 533

A RESOLUTION REFLECTING THE 2006 MID YEAR BUDGET ADJUSTMENT

Whereas, the City Council of the City of Eureka Springs, Arkansas has determined that the 2006 Fiscal Budget should be amended to reflect expenditures and adjustments as resolved by Council,

NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUREKA SPRINGS, ARKANSAS:

Section 1. That the 2006 Budget for the City of Eureka Springs is amended to reflect the following amendment to the line items for all Departments titled “Workers Comp” are hereby changed to the actual expenditures for those accounts.

Fund 01 Dept 10-5040 $ 620.87

Dept 11-5040 $ 145.00

Dept 12-5040 $ 8,026.00

Dept 13-5040 $ 52.00

Dept 14-5040 $10,632.00

Dept 15-5040 $ 78.00

Fund 10 Dept 00-5040 $ 2,044.00

Fund 80 Dept 21-5040 $ 1,214.00

Dept 22-5040 $ 2,182.00

Section 2. That the following line items be reduced or increased by council request:

In General Fund

Revenues:

1. Municipal Fines 01-4041 shall be increased by $7,000.

2. Miscellaneous 01-4991 shall be increased by $12,000.

Expenses:

3. Recycling Supplies – Yellow Bags will be increase to reflect the actual expense. 01-00-5741 shall be changed to $7,098.40

4. Mayor’s Office – Professional Services-Legal shall be increased by $10,000 to $40,000

5. Finance Dept – Professional Services 01-11-5572 shall be increased by $3,700 to $10,000

6. Municipal Court Retirement 01-00-5730 shall be increased by $4,840 to $13,150

7. Municipal Court Employee Health Insurance 01-13-5020 shall be increased by $1,680 to $5,040

8. Fire & EMS Small Equipment Purchase shall be changed to reflect the actual expense. 01-14-5590 shall be changed to $14,564.37

In Water & Sewer Fund 80

Expenses:

9. Miscellaneous 80-21-5600 shall be increase by $400 to $500

10. Supplies-Office & Operating 80-21-5301 shall be increased by $500 to $1,000

11. Maintenance – Equipment 80-22-5512 shall be increased by $10,000 to $25,000

12. Maintenance – Plant O&M 80-22-5514 shall be increase by $22,000 to $44,500

13. Still Settlement shall be changed to reflect the actual expense. 80-22-5601 shall be changed to $60,526.

These changes in General Fund Revenue result in an amended Revenue Budget of $2,042,879

Section 3. Capital Funding

1. We hereby allocate an additional $2,900 for the completion of the community center repairs and renovations. This will be a total of $19,900 allotted from the Community Center Fund.

2. We hereby allocate $35,088.95 to the CAPC for the purchase and installation of commercial grade Holiday lighting. This shall come from the Latimer Settlement Account 00-1110.

Upon passage of this Resolution all changes discussed and requested by the City Council of Eureka Springs will be entered to the Main Street Accounting Program and General Ledger reflecting all amendments of the 2006 Budget and said changes will be attached to and part of the permanent record of this 2006 Mid Year Budget Resolution.

PASSED AND APPROVED BY THE CITY COUNCIL OF EUREKA SPRINGS, ARKANSAS, THIS ____ DAY OF__________, 2006.

APPROVED:

____________________________

KATHY HARRISON, Mayor

ATTEST:

____________________________

MARY JEAN SELL, City Clerk