FTM Budget Transparency Series

FTM file. 

In an effort to inform and make things as transparent as possible for the residents of Fort Thomas, Fort Thomas Matters will begin peeling back the budget, taxes and expenditures of the City of Fort Thomas in a series of reports.

The amended budget for fiscal year July 1 2014 – June 30 2015 was voted on at the last council meeting and passed unanimously. Each June, the finance committee meets with city staff and after getting requests from each department and committee, will allocate funds for the next fiscal year. This year’s finance committee is comprised of John Muller, Lisa Kelly and Roger Peterman.

The following June when a new budget is being drawn, the previous year’s budget is amended to reflect the actual revenues, expenditures and surpluses available.

The amended budget was first read on June 1, 2015 and was voted on and adopted on June 15, 2015.

The proposed totals have a strikethrough and the actual totals are listed next to those.

Estimated Carry-Over Balances:

General fund: $10,171,611

Road aid fund: $1,747,501

Central business district (debt) fund: ($776,305)

TOTAL REVENUES (taxes, fees, investment income, etc).

General fund:  $11,126,753   $11,046,253

Road aid fund: $598,500

CBD fund: $793,950



TOTAL AVAILABLE FUNDS

General fund: $21,298,364   $21,217,864

Road aid fund: $2,346,001

CBD fund: $17,645



TOTAL EXPENDITURES

General fund: $10,833,965   $11,082,315

Road aid fund: $435,550   $635,550

CBD fund: $920,712   $620,712



ESTIMATED SURPLUS

General fund $10,464,399   $10,135,549

Road aid fund: $1,910,451   $1,710,451

CBD fund: $903,067   $603,067

####

FTM will examine the proposed budget for July 1 2015 – June 30 2016 in its next part of the Transparency FTM City Budget series. 

Twitter.