Following is the text from the City of Indian Hills Ordinance No. 03-02:

CITY OF INDIAN HILLS
Ordinance No. 03-02

AN ORDINANCE RELATING TO THE ADOPTION OF AN ANNUAL BUDGET FOR THE CITY OF INDIAN HILLS FOR THE FISCAL YEAR BEGINNING JULY l, 2003 AND ENDING JUNE 30, 2004. ESTIMATING REVENUES AND RESOURCES AND APPROPRIATING FUNDS FOR THE OPERATION OF CITY GOVERNMENT.

WHEREAS, an Annual Budget proposal and Message has been prepared and delivered to the City Council, and

WHEREAS, the City Council has reviewed such budget proposal and made necessary modifications, now, therefore,

BE IT ORDAINED BY THE CITY OF INDIAN HILLS:

Section 1. The annual budget for the fiscal year beginning July 1, 2003, and ending June 30, 2004, is hereby adopted as follows:

General FundRoad Aid Fund
   
Resources Available:
    Fund Balance Carried Forward$ 462,950 $ 299,542
   
    Estimated Revenues:
Property tax - gross1,033,049
     Less discounts(77,479)
Net property tax955,570
Insurance fees107,000
Interest income 3,0002,000
Cable Fees24,000
Municipal Aid Program 59,000
Other income9,100
    Total Estimated Revenues1,098,67061,000
   
Total resources available for appropriation$ 1,561,620$ 360,542
   
    Appropriations:
Police protection 516,006
Waste removal 327,150
Park/landscaping116,000
Utilities27,0002,000
Resident programs7,500
Professional fees39,500
Road maintenance 61,000
Insurance/bonds10,300
Printing/postage10,200
Admin/Contingency45,014
    Total Appropriations1,098,67061,000
   
Excess of Resources over Appropriations$ 462,950$ 360,542
   
Estimated Fund Balances at end of Fiscal Year$ 462,950$ 299,542

Section 2. This ordinance shall take effect upon its passage and publication.

First Reading held May 20, 2003.

Second Reading. Passed and approved June 17, 2003.

/s/ Thomas O. Eifler, Sr.
Thomas O. Eifler, Sr., Mayor

ATTEST:

/s/ Betty P. Guelich
Betty P. Guelich, City Clerk