Board of Directors

RESOLUTION R-22- A RESOLUTION PROVIDING FOR AND ADOPTING THE BUDGET FOR THE CITY OF ARKADELPHIA, ARKANSAS, FOR THE TWELVE (12) MONTH PERIOD BEGINNING JANUARY 1, 2023 AND ENDING DECEMBER 31, 2023, APPROPRIATING MONEY FOR EACH AND EVERY ITEM OF EXPENDITURE THEREIN. WHEREAS, Section 2 of Act No. 28 of 1959 provides that the City Board of Directors shall adopt an annual budget for operations of the City Government for the calendar year; and WHEREAS, the City Board has made a comprehensive study and review of the proposed budget; and WHEREAS, it is the opinion of the City Board of Directors that the schedule and exhibits of financial information prepared and reviewed revealing anticipated revenues and expenditures for the calendar year appear to be as accurate as possible for budgetary purposes. NOW THEREFORE, BE IT ORDAINED BY THE CITY BOARD OF DIRECTORS OF ARKADELPHIA, ARKANSAS: Section 1. This resolution shall be known as the budget resolution for the City of Arkadelphia, Arkansas for the twelve-month period beginning January 1, 2023 and ending December 31, 2023 reflecting estimated revenues and expenditures as hereinafter set forth in the budget attached hereto containing approximately 257 pages. The appropriations made herein include additional pay for holidays for all agents, servants, and employees of the City of Arkadelphia including but not limited to uniformed employees as provided for by the State of Arkansas. All revenues herein are estimated and subject to change and all appropriations are calculated upon available revenues and are also subject to change. Section 2. The following respective amounts for each and every item of revenue and expenditure classification herein proposed in the budget for 2023 are hereby authorized and appropriated for the purposes herein set forth for the calendar year ending December 31, 2023. Revenues Expenditures General Fund 16,105,706 15,967,192 Street Fund 1,468,000 1,442,785 Water and Sewer 6,039,565 5,891,298 Franchise Fee Fund 1,280,587 740,000 Airport Fund 3,047,630 3,017,596 Fireman’s Act 833 143,716 100,000 Outside Fire Protection Escrow Deposits 32,103 3 Series 2019 Capital Revenue Bond Fund 0 425,400 Administration of Justice Act 1256 464,606 463,206 Act 988 51,000 0 District Court Cost 45,300 100 Section 3. Whereas, by reason of the fact that the cities of Arkansas are required by law to adopt an annual budget each year beginning January 1, and ending December 31, in order to operate the City Government; NOW THEREFORE, this resolution being necessary for the preservation of the public peace, health and safety, shall take effect and be in force from and after its passage and approval. PASSED THIS DAY OF DECEMBER, 2022 ATTEST: _________________________ Scott Byrd, Mayor Samantha Roybal, City Clerk