WHEREAS, in the opinion of the City Council, the 2024 Fiscal Budget should be amended to reflect the following changes in both Revenue and Expenditure Budgetary amounts as set forth hereafter.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUREKA SPRINGS, ARKANSAS:
Section 1. This resolution shall be known as the 2024 Mid-Year Budget Resolution for the City of Eureka Springs, Arkansas, for the twelve-month period beginning January 1, 2024, and ending December 31, 2024; 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. The amounts for Revenues and Expenditures proposed in this 2024 Mid-Year Amended Budget are hereby authorized and appropriated for the purposes set forth in the calendar year ending December 31, 2024.
The Amendments are as follows:
| REVENUE | ||||||||||
|
Original |
Amended |
Increase |
||||||||
|
ACCOUNT |
Budget |
|
Budget |
|
(Decrease) |
|||||
| (00) | Disbursing Fund |
7,000 |
10,000 |
3,000 |
||||||
| (01) | General Fund |
6,007,625 |
|
5,937,715 |
|
(69,910) |
||||
| (10) | Street Fund |
996,875 |
1,220,875 |
224,000 |
||||||
| (11) | LOPFI |
440,500 |
470,850 |
30,350 |
||||||
| (12) | General Fund Capital |
458,000 |
465,100 |
7,100 |
||||||
| (40) | Debt Service |
305,500 |
|
305,500 |
|
0 |
||||
| (50) | Capital Project Funds |
500,000 |
0 |
(500,000) |
||||||
| (62) | Administration of Justice |
102,200 |
|
114,200 |
|
12,000 |
||||
| (65) | Court Automation |
11,275 |
|
11,660 |
|
385 |
||||
| (70) | Firemen’s Pension |
92,000 |
92,000 |
0 |
||||||
| (80) | Water Sewer |
2,177,750 |
|
2,943,487 |
|
765,737 |
||||
| (85) | Transit |
1,861,767 |
|
1,823,317 |
|
(38,450) |
||||
|
|
||||||||||
| EXPENDITURES | ||||||
|
Original |
Amended |
Increase |
||||
|
ACCOUNT |
Budget |
|
Budget |
|
(Decrease) |
|
| (01) | General Fund |
5,616,191 |
5,919,627 |
303,436 |
||
| (10) | Street Fund |
977,765 |
1,043,270 |
65,505 |
||
| (11) | LOPFI |
413,100 |
|
458,100 |
|
45,000 |
| (12) | General Find Capital |
458,000 |
|
465,100 |
|
7,100 |
| (40) | Debt Service Fund |
305,500 |
|
305,500 |
|
0 |
| (50) | Capital Project Fund |
500,000 |
0 |
|
(500,000) |
|
| (62) | Administration of Justice |
101,950 |
101,950 |
|
0 |
|
| (65) | Court Automation Fund |
6,050 |
8,800 |
|
2,750 |
|
| (70) | Firemen's Pension |
92,000 |
92,000 |
|
0 |
|
| (80) | Water Sewer |
2,383,487 |
2,943,310 |
|
559,823 |
|
| (85) | Transit |
1,675,557 |
1,680,057 |
4,500 |
||
|
|
|
|
||||
|
|
|
|
|
|
||
| TOTALS | ||||||
|
Original |
Amended |
Increase |
||||
|
ACCOUNT |
Budget |
|
Budget |
|
(Decrease) |
|
| Total Revenues- All Funds |
12,960,492 |
13,394,704 |
434,212 |
|||
| Total Expenditures- All Funds |
12,529,600 |
|
13,017,714 |
|
488,144 |
|
| Net of Rev & Expenditures |
430,892 |
376,990 |
(53,902) |
|||