ORDINANCE 850

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, 2024.

General Bond Sales Tax 3rd Penny Recreation

Fund Fund Fund Fund Gift Fund

General Government

411 Executive $50,150 $0 $0 $0 $0

411.5 Contingency $100,000 $0 $0 $0 $0

413 Elections $1,500 $0 $0 $0 $0

414 Financial Administration $474,405 $0 $0 $0 $0

414.1 Finance Capital Outlay $0 $0 $0 $0 $0

 

Total General Government $626,055 $0 $0 $0 $0

 

Public Safety

421 Police $742,300 $0 $0 $0 $0

421.1 Police Capital Outlay $5,000 $0 $0 $0 $0

422 Fire $132,900 $0 $0 $0 $0

422.1 Fire Capital Outlay $90,000 $235,000 $0 $0 $0

 

Total Public Safety $970,200 $235,000 $0 $0 $0

 

Public Works

431 Highways and Streets $754,400 $0 $0 $0 $0

431.1 Street Capital Outlay $123,500 $0 $0 $0 $0

432 Rubble Site $40,870 $0 $0 $0 $0

432.1 Rubble Site Capital Outlay $0 $0 $0 $0 $0

435 Airport $47,800 $0 $0 $0 $0

435.1 Airport Capital Outlay $950,000 $0 $0 $0 $0

 

Total Public Works $1,916,570 $0 $0 $0 $0

 

Culture and Recreation

451 Unity Health & Fitness $788,150 $95,000 $0 $0 $0

451.1 Unity Health & Fitness Cap. $0 $230,000 $0 $0 $0

452 Park and Cemetery $529,100 $0 $0 $0 $0

452.1 Park Capital Outlay $0 $1,305,650 $0 $0 $1,000,000

 

Total Culture and Recreation $1,317,250 $1,630,650 $0 $0 $1,000,000

 

Conservation/Development

460.1 TIF #3 Rosewood $69,000 $0 $0 $0 $0

  TIF #4 Koch $130,000 $0 $0 $0 $0

199,000 $0 $0 $0 $0

 

Economic Development and Assistance

465 Economic Development and

             Assistance $0 $50,000 $1,231,500 $189,400 $0

 

Debt Service

470 Debt Service $0 $0 $518,150 $0 $0

 

Capital Outlay - Sales Tax Fund

485 Capital Outlay $0 $0 $2,331,500 $0 $0

 

Total 2024 Appropriations $5,029,075 $1,915,650 $4,081,150 $189,400 $1,000,000

 

Section 2. The following designates the fund(s) to which money derived from the following sources applied.

General Bond Sales Tax 3rd Penny Recreation

Governmental Funds Fund Fund Fund Fund Gift Fund

Proposed ­Undesignated Fund Balance $551,785 $0 $1,204,650 $51,800 $0

Bond Funs (to be transferred in) $0 $1,915,650 $0 $0 $0

Transfers In/(Out) $0 $0 $145,000 $0 $0

 

$551,785 $1,915,650 $1,349,650 $51,800 $0

Taxes

311 Property Tax $1,159,900 $0 $0 $0 $0

Sales and Gross Receipt

Tax $1,375,00 $0 $1,350,000 $136,300 $0

Sales Tax-Infrastructure $0 $0 $1,231,500 $0 $0

 

 

110 Total Taxes $2,534,900 $0 $2,581,500 $136,300 $0

 

320 Licenses and Permits $28,000 $0 $0 $0 $0

330 Intergovernmental 

Revenues $1,119,965 $0 $0 $0 $0

340 Charges for Goods and 

Services $106,310 $0 $0 $0 $0

346 Unity Health & Fitness $495,590

350 Fines and Forfeitures $900 $0 $0 $0 $0

360 Miscellaneous Revenue $121,425 $0 $150,000 $1,300 $8,000

367 Donations from Private Sources $0 $0 $0 $0 $1,000,000

377 Campground $22,000 $0 $0 $0 $0

385 Airport $43,200 $0 $0 $0 $0

390 Other Sources $5,000 $0 $0 $0 $0

 

2023 Revenue $4,477,290 $0 $2,731,500 $137,600 $1,008,000

 

Total Means of Finance $5,029,075 $1,915,650 $4,081,150 $189,400 $1,008,000

 

Section 3. The following designates the revenue and expenditures of the proprietary funds.

Water Wastewater

Proprietary Funds Fund Fund

Unappropriated Fund Balance $1,730,000 $834,250

Estimated Revenue $610,000 $809,360

Reserved for Debt Repayment 348,000 $0

Total Estimates Balance and Revenue $2,688,000 $1,643,610

Less Appropriations $1,308,130 $705,630

Estimated Surplus (Deficit) $1,379,870 $937,980

Less Estimated Surplus Retained $1,379,870 $145,000

Estimated Surplus to be Transferred

to Governmental Funds $0 $0

 

 

Section 4.  The Finance Officer is directed to certify the dollar amount of tax levies, $956,670 and any additional dollars available due to growth, made in this ordinance to the County Auditor.

 

Aye: 6      Nay:  0    Absent: none

CITY OF MILBANK

/s/ Pat Raffety, Mayor

ATTEST:

/s/ Cynthia Schumacher, Finance Officer

First Reading: 11-13-23

Second Reading: 12-11-23

Adopted and Approved: 12-11-23

Publish: 12-20-23

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