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City of Paris Charter –Article V –Section 43(13)
<br />“A special funds section.”
<br />The following table is a summary of the special funds proposed in the FY24/25Budget.
<br />Fund NumberFund TitleExpenditureRevenueNetNotes
<br />2Economic Development Fund$ 5,207,431$ 1,980,000$ (3,227,431)Deficit will be covered by funds already received.
<br />4American Rescue Plan Act Fund$ 798,000 $ - $ (798,000) Expending funds already received.
<br />6Tax & Rev CO 2021 Construction Fund$ - $ - $ -WWTP construction fund.
<br />7COP Evidence Fund$ - $ - $ -Misc. money seized as evidence.
<br />8Housing Foundation Fund$ - $ - $ -Used to accept donations for the housing program.
<br />11Capital Projects Fund$ 25,000$ 25,000$ -Misc. capital projects using funds accrued over time plus interest.
<br />12Main Street Fund$ - $ - $ -Main Street activity. Fund raising and donations.
<br />13Equipment Replacement Fund$ - $ 8,000$ 8,000Originally set up to purchase sanitation trucks every other year.
<br />17Main Street Advisory Board$ - $ - $ -Main Street Board activities.
<br />18Main Street BIG$ - $ - $ -Set up to pay for façade cost reimbursements.
<br />19Vacant Building Fund$ 3,000$ 3,000$ -Vacant building registration fees.
<br />20Municipal Court Local Traffic Fee$ 130$ 130$ -Court costs.
<br />21Child Safety Fund$ 200$ 200$ -Court costs.
<br />22Municipal Court Local Truancy Fee$ 5,750$ 5,750$ -Court costs.
<br />23PEG Channel Fund$ 50,000$ 50,000$ -Funding for local cable channel.
<br />24Lake Crook Restoration Fund$ - $ - $ -Donated funds for Lake Crook improvements.
<br />25Grant Fund$ 554,192 $ 554,192 $ -Various grants run through this fund.
<br />26Municipal Court Jury Fund$ 100$ 100$ -Court costs.
<br />27Water Contract Fund$ - $ 30,000$ 30,000 Deposits for utility accounts plus interest earned on them.
<br />29Passing School Bus Fund$ - $ - $ -Court costs.
<br />30Community Block Grant Fund$ - $ 10,000$ 10,000 CDBG grant
<br />31State Consolidated Fee$ 1,000$ 1,000$ -Court costs.
<br />32Auto Theft Program Fund$ 15,000$ 15,000$ -Inspection Program fees.
<br />33Municipal Court Tech Fee$ 10,000$ 5,000$ (5,000)Court costs.
<br />34Municipal Court Security Fee$ 18,250$ 6,500$ (11,750)Court costs.
<br />35Municipal Court Child Safety Fee$ 1,000$ 375$ (625)Court costs.
<br />36Municipal Court Time Payment Fee$ 900$ 1,300$ 400 Court costs.
<br />37Police Confidential Fund-Gambling$ - $ 200$ 200 Confiscated gambling money used to further police efforts
<br /> to combat gambling.
<br />38Police Judicial Forfeitures$ 3,000$ 15,000$ 12,000 Seized assets awarded to the Police Dept. Used for unbudgeted equipment.
<br />
<br />39Police Equitable Sharing Fund$ 2,000$ 2,000$ -Same as Fund 38 except these are federal seizures.
<br />40Special Hotel Tax$ - $ 65,000$ 65,000 HOT tax 5% admin fee. Must be used in same way as other HOT tax money.
<br />41Grand Theater Donations$ - $ - $ -Set up for donations to restore the theater.
<br />44CO 2016 Construction Fund$ - $ - $ -Construction Fund
<br />46GO Bonds 2017 Construction Fund$ - $ - $ -Construction Fund
<br />47GO Bonds 2018 Construction Fund-W&S$ - $ - $ -Construction Fund
<br />50Revenue Bond Reserve Fund$ - $ 200,000 $ 200,000Required Reserve for bond debt.
<br />72Library Memorial Fund$ 1,000$ 2,300$ 1,300Donations in memory of someone. Books purchased from funds.
<br />79Library Expendable Fund$ 500$ 2,500$ 2,000Bequests to Library without restrictions.
<br />80Library Permanent Fund$ - $ - $ -Bequests to Library with restrictions on using the principal.
<br />83Revenue Bonds 2022 Construction Fund$ - $ - $ -Construction Fund
<br />86TIRZ Fund$ 245,000 $ 81,000$ (164,000) Tax Increment Reinvestment Zone
<br />87CO 2024 Construction Fund$ - $ - $ -Construction Fund
<br />The above are also shown in Exhibits A and B.
<br />City of Paris Charter –Article V –Section 43(14)and43(15)
<br />“The appropriation ordinance.”
<br />“The tax levying ordinance.”
<br />The Appropriation Ordinance and Tax Levying Ordinance will be provided at a future City Council Meeting for the
<br />City Council’s consideration.
<br />City of Paris Charter –Article V –Section 44
<br />“In preparing the budget, the City Manager shall in the preparation of the budget place in parallel columns
<br />opposite the several items of revenue the actual amount of each item of the last completed fiscal year, the
<br />estimated amount for the current fiscal year, and the proposed amount for the ensuing fiscal year.”
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