Following is the text from the City of Indian Hills Ordinance No. 04-04:

CITY OF INDIAN HILLS
Ordinance No. 04-04

AN ORDINANCE RELATING TO THE ADOPTION OF AN ANNUAL BUDGET FOR THE CITY OF INDIAN HILLS FOR THE FISCAL YEAR BEGINNING JULY l, 2004 AND ENDING JUNE 30, 2005. 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, 2004, and ending June 30, 2005, is hereby adopted as follows:

General FundRoad Aid Fund
   
Resources Available:
    Fund Balance Carried Forward$ 404,035 $ 300,531
   
    Estimated Revenues:
Property tax - gross857,600
     Less discounts(64,320)
Net property tax793,280
Mun. Ins. Prem. Tax104,000
Interest income 4,000200
Cable Franchise Fees20,000
Municipal Aid Program 46,000
Other income15,800
    Total Estimated Revenues937,08046,200
   
Total resources available for appropriation$ 1,341,115$ 346,731
   
    Appropriations:
Police protection 468,538
Waste removal 256,714
Park/landscaping86,000
Utilities27,000
Resident programs5,000
Professional fees41,000
Road maintenance 46,200
Insurance/bonds9,900
Printing/postage7,000
Admin/Contingency35,928
    Total Appropriations937,08046,200
   
Excess of Resources over Appropriations$ 404,035$ 300,531
   
Estimated Fund Balances at end of Fiscal Year$ 404,035$ 300,531

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

First Reading held May 20, 2004.

Second Reading. Passed and approved June 17, 2004.

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

ATTEST:

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