Following is the text from the City of Indian Hills Ordinance No. 06-03:

CITY OF INDIAN HILLS
Ordinance No. 06-03

AN ORDINANCE RELATING TO THE ADOPTION OF AN ANNUAL BUDGET FOR THE CITY OF INDIAN HILLS FOR THE FISCAL YEAR BEGINNING JULY l, 2006 AND ENDING JUNE 30, 2007. 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, 2006, and ending June 30, 2007, is hereby adopted as follows:

General FundRoad Aid Fund
   
Resources Available:
    Fund Balance Carried Forward$ 569,461 $ 348,318
   
    Estimated Revenues:
Property tax - gross980,000
     Less discounts(122,000)
Net property tax858,000
Insurance Fees105,000
Interest income 18,0003,000
Telecommunications Fees18,000
Municipal Aid Program 45,354
Other income28,600
    Total Estimated Revenues1,027,60048,354
   
Total resources available for appropriation$ 1,597,061$ 396,672
   
    Appropriations:
Police protection 512,466
Waste removal 308,550
Park/landscaping76,000
Utilities28,000
Resident programs5,584
Professional fees46,000
Road maintenance 48,354
Insurance/bonds10,000
Printing/postage6,000
Admin/Contingency35,000
    Total Appropriations1,027,60048,354
   
Excess of Resources over Appropriations$ 569,461$ 348,318
   
Estimated Fund Balances at end of Fiscal Year$ 569,461$ 348,318

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

First Reading held May 18, 2006.

Second Reading. Passed and approved June 15, 2006.

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

ATTEST:

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