City of Milbank Ordinance

Published by admin1 on Fri, 09/20/2019 - 1:06pm

ORDINANCE 827
2020 Appropriation Ordinance
AN ORDINANCE PROVIDING APPROPRIATIONS FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2020, AND ENDING DECEMBER 31, 2020.

    BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF MILBANK, SOUTH DAKOTA.
   Section 1. The following sums of money are hereby appropriated for the purpose of providing funds to meet lawful expenses and liabilities of said City for the fiscal year ending December 31, 2020.
               General   Sales Tax   3rd Penny
               Fund   Fund   Fund
General Government
       411    Executive   $46,950   $0   $0
       411.5   Contingency   $100,000
       413    Elections   $0   $0   $0
       414    Financial Administration   $398,800   $0   $0
       414.1    Finance Capital Outlay   $7,000   $0   $0

Total General Government $552,750 $0 $0

Public Safety
       421   Police   $600,900   $0   $0
       421.1   Police Capital Outlay   $16,000   $0   $0
       422   Fire   $120,620   $0   $0
       422.1   Fire Capital Outlay   $71,300   $0   $0

Total Public Safety $808,820 $0 $0

Public Works
       431   Highways and Streets   $533,800   $0   $0
       431.1   Street Capital Outlay   $450,000   $0   $0
       432   Rubble Site   $40,405   $0   $0
       432.1   Rubble Site Capital Outlay   $0   $0   $0
       435   Airport   $26,400   $0   $0
       435.1   Airport Capital Outlay   $430,000   $0   $0

Total Public Works $1,480,605 $0 $0

Culture and Recreation
452 Park and Cemetery $297,600 $0 $0
452.1 Park Capital Outlay $500,000 $0 $0

Total Culture and Recreation $797,600 $0 $0

Economic Development and Assistance
465 Economic Development and
Assistance $0 $0 $183,773

Debt Service
470 Debt Service $212,515

Capital Outlay - Sales Tax Fund
485 Capital Outlay $0 $707,224 $0

Total 2020 Appropriations $3,639,775 $919,739 $183,773

   Section 2. The following designates the fund(s) to which money derived from the following sources applied.
               General   Sales Tax   3rd Penny
Governmental Funds   Fund   Fund   Fund
   Undesignated Fund Balance   $250,748   $(27,261)   $73,473
           Transfers In/(Out)   $450,000   $(305,000)
   Taxes
       311   Property Tax   $826,410
           Sales and Gross Receipt
           Tax   $1,250,000   $1,250,000   $110,000

110 Total Taxes $2,076,410 $1,250,000 $110,000

       320   Licenses and Permits   $16,100   $0   $0
       330   Intergovernmental
           Revenues   $709,565   $0   $0
       340   Charges for Goods and
           Services   $40,610   $0   $0
       350   Fine and Forfeitures   $1,560   $0   $0
       360   Miscellaneous Revenue   $40,060   $2,000   $300
       377   Campground   $22
       385   Airport   $54,600   $0   $0
       390   Other Sources   $100   $0   $0

Total Means of Finance   $3,639,775   $919,739   $183,773

   Section 3. The following designates the revenue and expenditures of the proprietary funds.
               Water   Wastewater
Proprietary Funds   Fund   Fund
Unappropriated Fund Balance   $364,713   $268,307
   Designated Bond Funds   $255,026   $319,834
Estimated Revenue   $579,770   $742,920
Total Estimates Balance and Revenue   $1,199,509   $1,331,061
Less Appropriations   $549,176   $735,040
Estimated Surplus (Deficit)   $650,333   $596,021
Less Estimated Surplus Retained   $650,333   $451,021
Estimated Surplus to be Transferred
   to Governmental Funds   $0   $145,000

Section 4. The Finance Officer is directed to certify the dollar amount of tax levies, $820,000; made in this ordinance to the County Auditor. Banked CPI=2.4%

Aye: 5 Nay: 0 Absent: Mike Hanson
CITY OF MILBANK
/s/ Pat Raffety, Mayor
ATTEST:
/s/ Cynthia Schumacher, Finance Officer
First Reading: 8-12-19
Second Reading: 9-9-19
Adopted and Approved: 9-9-19
Publish: 09-18-19
Published once at an approximate cost of $162.92.