Following is the text from the City of Indian Hills Ordinance No. 05-01:

CITY OF INDIAN HILLS
Ordinance No. 05-01

AN ORDINANCE RELATING TO THE ADOPTION OF AN ANNUAL BUDGET FOR THE CITY OF INDIAN HILLS FOR THE FISCAL YEAR BEGINNING JULY l, 2005 AND ENDING JUNE 30, 2006. 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, 2005, and ending June 30, 2006, is hereby adopted as follows:

General FundRoad Aid Fund
   
Resources Available:
    Fund Balance Carried Forward$ 490,034 $ 346,306
   
    Estimated Revenues:
Property tax - gross938,000
     Less discounts(113,000)
Net property tax825,000
Insurance Fees100,000
Interest income 4,0003,000
Cable Fees18,000
Municipal Aid Program 38,117
Other income16,000
    Total Estimated Revenues963,00041,117
   
Total resources available for appropriation$ 1,453,034$ 387,423
   
    Appropriations:
Police protection 489,592
Waste removal 259,908
Park/landscaping76,000
Utilities32,700
Resident programs7,500
Professional fees46,000
Road maintenance 41,117
Insurance/bonds10,300
Printing/postage6,000
Admin/Contingency35,000
    Total Appropriations963,00041,117
   
Excess of Resources over Appropriations$ 490,034$ 346,306
   
Estimated Fund Balances at end of Fiscal Year$ 490,034$ 346,306

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

First Reading held May 19, 2005.

Second Reading. Passed and approved June 16, 2005.

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

ATTEST:

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