RESOLUTION OF THE MAYOR AND BOARD OF ALDERMEN OF THE CITY OF IUKA, MISSISSIPPI
WHEREAS, the Mayor of the City of Iuka called a Special Meeting of the Board of Aldermen at 6:00 p.m., on September 15, 2022 at the City Hall in Iuka, Mississippi; and
WHEREAS, the purpose of the called meeting by the Mayor of the City of Iuka was to levy the ad valorem taxes for the next fiscal year, to establish a complete budget of the revenues, expenses and working cash balances of the City of Iuka for the next fiscal year; and
WHEREAS, the Mayor of the City of Iuka has received the municipal revenue, expenses and working cash balances estimated for the next fiscal year and has prepared a statement showing aggregate revenues collected during the current fiscal year; and
WHEREAS, the Mayor of the City of Iuka has presented to the Board of Aldermen a proposed budget of estimated revenues and expenditures for the fiscal year ending September 30, 2023 and the Municipality has held at least one public meeting to allow the general public to comment on the taxing and spending plan incorporated into the proposed budget of the Mayor, according to law; and
WHEREAS, the Board of Aldermen met on the aforesaid date, and considered all of the above items and determined that the Mayor’s recommendation as to the budget of estimated revenues and expenditures for the fiscal year ending September 30, 2023, should be approved.
NOW, THEREFORE, BE IT RESOLVED, by the Board of Aldermen of the City of Iuka, Mississippi as follows:
1. The Board of Aldermen of the City of Iuka hereby resolves and approves the following as the official budget of estimated revenues and expenditures for the City of Iuka, Mississippi, for the fiscal year ending September 30, 2023:
BUDGET OF THE CITY OF IUKA, MISSISSIPPI OF ESTIMATED REVENUES AND EXPENDITURES FOR FISCAL YEAR ENDING SEPTEMBER 30, 2023
GENERAL FUND
REVENUES
Balance at Beginning of Year: 1,391,000
Total from all Sources Other than Taxation: 2,085,450
Amount Necessary to be raised by Tax Levy: 303,500
Total Available Cash and Anticipated Revenue from all Sources: $3,779,950
EXPENDITURES
Judicial:
Personnel Services: 15,090
Consumable Supplies: 15,600
Other Services / Contracts: 1,000
Total Judicial: $31,690
General Government:
Personnel Services: 163,715
Consumable Supplies: 20,000
Other Services / Contracts: 98,500
Capital Outlay 10,000
Debt Service: 0
Total General Govt. $292,215
PUBLIC SERVICE:
Police Department:
Personnel Services: 711,578.34
Consumable Supplies: 67,000
Other Services / Contracts: 58,500
Capital Outlay: 55,000
Debt Service: 12,045.12
Transfers: 0
Total Police Department: $904,123.46
Fire Department:
Personnel Services: 258,701.84
Consumable Supplies: 40,500
Other Services / Contracts: 29,000
Capital Outlay: 5,500
Debt Service: -0-
Total Fire Department: $333,701.84
Street Department:
Personnel Services: 0
Consumable Supplies: 5,000
Other Services / Contracts: 94,000
Capital Outlay: 200,000
Debt Service: -0-
Transfers: -0-
Total Street Department: $299,000
Code Enforcer:
Personnel Services: 23,010
Consumable Supplies: 2,500
Other Services / Contracts: 1,075
Capital Outlay 2,000
Total Animal Control: $28,585
Park & Cemetery:
Personnel Services: 2,600
Consumable Supplies 21,500
Other Services / Contracts: 61,800
Capital Outlay: 360,000
Debt Service -0-
Total Park & Cemetery: $445,900
Library:
Consumable Supplies:
Other Services / Contracts: 6,500
Capital Outlay
Total Library: $6,500
TOTAL GENERAL FUND: $2,341,715.30
Total General Fund Expenditures: $2,341,715.30
Balance at end of year: $1,438,234.70
Total Expenditures and Year-end Balance: $3,779,950.00
SPECIAL REVENUE FUNDS
Culture Neighborhood
REVENUES: & Recreation Library Fire Streets Facility
Beginning Year Balance: $24,000 $7,450 $35,000 $392,000 $37,000
Anticipated Revenues: 8,000 34,163 687,703 231,000 6,200
Total available balance
And anticipated revenues: $32,000 $41,613 $722,703 $623,000 $43,200
EXPENDITURES:
Fund Expenditures: 5,900 34,163 687,703 211,000 6,000
Ending year balance: 26,100 7,450 25,000 412,000 37,200
Total Expenditures and
Year-end balance: $32,000 $41,613 $712,703 $623,000 $43,200
ENTERPRISE FUNDS
Natural Water and
Gas System Sewer System Sanitation
REVENUES:
Metered Sales/Collection Fees
/ Other Sources: $1,700,343 $3,455,707 $250,500
Grant: 0 0 0
Beginning year balance: 50,000 945,000 172,000
Total of all sources of revenue: $1,750,343 $4,400,707 $422,500
EXPENDITURES:
Personnel Services: 133,489 462,532 85,395
Consumable Supplies: 55,800 64,000 12,500
Other Services / Contracts: 1,386,300 324,000 98,000
Capital Outlay: 5,000 2,246,175 0
Debt Service: 0 0 67,000
Transfers: 0 0 0
Total Fund: 1,580,589 3,096,707 200,895
Year End Cash Balance: 169,754 1,304,000 221,605
Total Expenditures
And year-end balance: $1,763,343 $4,400,707 $422,500
INDUSTRIAL PARK
Anticipated Revenues: 60,000
Beginning Balance: 47,000
Total: 107,000
Expenditures:
Contractual/Other Services: 1,000
Capital Outlay: 0
Debt Service: 54,500
Fund Expenditures 55,500
Ending Year Balance: 51,500
Year End Balance: 51,500
INDUSTRIAL PARK/SHELTON
Anticipated Revenues: 12,045
Beginning Balance: 14,000
Total: 26,045
Expenditures:
Contractual/Other Services: 2,500
Capital Outlay: 0
Fund Expenditures: 0
Ending Year Balance: 2,500
Year End Balance: 23,545
2. The Clerk of the City of Iuka is hereby directed to enter this budget upon the Minutes of the City of Iuka, to publish this Resolution one (1) time in the Tishomingo County News, and to provide copies to any entity required by law.
3. The foregoing Resolution was proposed on Motion made by Alderman Emily Bell seconded by Alderman Kay Perkins, and being put to a vote, received an affirmative vote of all members present as follows:
Alderman Kenny Carson Voted - Yea
Alderman Emily Bell Voted - Yea
Alderman Kay Perkins Voted - Yea
Alderman Johnny Southward Voted – Yea
Alderman Nancy Stripling Voted -Yea
ADOPTED AND APPROVED by the Board of Alderman of the City of Iuka, Mississippi on the 15th day of September 2022.
CITY OF IUKA
JOEL ROBERTSON, MAYOR
ATTEST:
KELSEY SMITH, CITY CLERK
