CITY OF LAKESIDE PARK, KENTUCKY ORDINANCE No. 05-2026
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2026, THROUGH JUNE 30, 2027, BY ESTIMATING REVENUES AND RESOURCES AND APPROPROATING FUNDS FOR THE OPERATION OF CITY GOVERNMENT FOR THE CITY OF LAKESIDE PARK, KENTUCKY
WHEREAS, an annual budget proposal and message have been prepared and delivered to the City Council for the City of Lakeside Park, Kentucky; and
WHEREAS, the City Council has reviewed such budget proposal and made necessary modifications and recommendations; and
NOW, THEREFORE BE IT ORDAINED BY THE CITY OF LAKESIDE PARK, KENTUCKY THAT THE ANNUAL BUDGET FOR THE FISCAL YEAR JULY 1, 2026, THROUGH JUNE 30, 2027, SHALL BE ADOPTED AS FOLLOWS:
SECTION I
See attached EXHIBIT ‘A’, which is incorporated by reference herein, the same as if fully set out below.
SECTION II
This ordinance shall take effect and be in full force from and after its passage, publication and recording, according to law.
FIRST READING: May 11, 2026
SECOND READING: June 8, 2026
APPROVED:
Hon. Paul R. Markgraf
ATTEST:
Teresa Bruck, City Clerk/Treasurer
Ayes: 6
Nays: 0
Abstain: 0
Published: 6/9/2026
Income
0100 • Taxes
0110 • Real Property Taxes 840,000.00 total funds 840,000.00
0120 • Franchise Fees 50,000.00 total funds 50,000.00
0130 • Motor Vehicle Taxes/Ad Valorem 80,000.00 total funds 80,000.00
0140 • Personal Property Taxes/Tangible 75,000.00 total funds 75,000.00
0150 • Payroll Taxes 200,000.00 total funds 200,000.00
0100 • Taxes – Other 0.00total funds 0.00
Total 0100 • Taxes 1,245,000.00 # 0.00 total funds 0.00 1,245,000.00
0200 • Licenses & Permits
0210 • Occupational License fees 250,000.00 total funds 250,000.00
0220 • Insurance Premium Fees 450,000.00 total funds 450,000.00
0200 • Licenses & Permits – Other 500.00 total funds 500.00
Total 0200 • Licenses & Permits 700,500.00 # 0.00 total funds 0.00 700,500.00
0300 • Fines & Forfeitures 0310 • City Citations 1,500.00 total funds 1,500.00
0320 • Penalties & Interest (RE) 3,000.00 total funds 3,000.00
0300 • Fines & Forfeitures – Other 0.00 total funds 0.00
Total 0300 • Fines & Forfeitures 4,500.00 # 0.00 total funds 0.00 4,500.00
0400 • Intergovernmental Revenues
0420 • KY Municipal Road Aid Fund 0.00
0420 • KY Municipal Road Aid Fund – Other 48,000.00 total funds 48,000.00
Total 0420 • KY Municipal Road Aid Fund 0.00
0400 • intergovernmental Revenues – Other 50,000.00 total funds 50,000.00
Total 0400 • Intergovernmental Revenues 50,000.00 + KMRA 48,000.00 0.00 total funds 98,000.00
0500 • Charges for Services 0510 • Waste Collection 120,000.00 total funds 120,000.00
0520 • Recreational Activities 5,500.00 total funds 5,500.00
0500 • Charges for Services – Other 0.00 total funds 0.00
Total 0500 • Charges for Services 125,500.00 # 0.00 total funds 0.00 125,500.00
0600 • Other Revenues 0610 • Reserved 0.00 total funds 0.00
0620 • Reserved 0.00 total funds 0.00
0625 . Interest – Reserved 0.00 20,000.00 total funds20,000.00
0630 • Interest – KMRA Fund #30 1,000.00 + KMRA 1,000.00 total funds 2,000.00
0626 • Interest Income – Reserved 0.00 total funds 0.00
0627 • Interest Income – First National Bank 40,000.00 total funds 40,000.00
0640 • Miscellaneous Revenues 0.00 total funds 0.00
0641 • Reimbursements 0.00 total funds 0.00
0640 • Miscellaneous Revenues – Other 2,000.00 total funds 2,000.00
0642 -Refunds (In & Out) 50,000.00 total funds 50,000.00
Total 0640 • Miscellaneous Revenues 0.00 total funds 0.00
0650 • Adopt-A-Unit Contributions 4,000.00 total funds 4,000.00
0670 – Interest – Recreation 60.00 total funds 60.00
0680 – Interest• Central Bank 29,000.00 total funds 29,000.00
0690 • Accumulated Funds Transfer 0.00 total funds 0.00
0600 • Other Revenues – Other 0.00 total funds 0.00
Total 0600 • Other Revenues 126,060.00 + LMRA 1,000.00 + Special Projects 20,000.00 total funds147,060.00
Total Income 2,301,560.00 + KMRA 49,000.00 + Special Projects 20,000.00 total funds 2,370,560.00
Available Balances from prior FY 3,900,000.00 + KMRA 80,500.00 + Special Projects 700,000.00 total funds 4,680,500.00
Gross Funds Available 6,201,560.00 + KMRA 129,500.00 + Special Projects 720,000.00 total funds 7,051,060.00
________________________________________________________________________________________
Expense
1100 • Personnel & Attendance Fees
1401 • Zoning 9,000.00 total funds 9,000.00
1402 • Code Enforcement Officer 0.00 total funds 0.00
1400 • Permit Expenses – Other 0.00 total funds 0.00
Total 1400 • Permit Expenses 9,000.00 0.00 total funds 0.00 9,000.00
1500 • Insurance Expenses
1501 • Liability Ins. 7,000.00 total funds 7,000.00
1502 • Workman’s Comp. 25,000.00 total funds 25,000.00
1503 • Bond 1,000.00 total funds 1,000.00
1504 • Unemployment 0.00 total funds 0.00
1505 • Health Insurance 0.00
1510 • Health Insurance Reimbursement 0.00 total funds 0.00
1505 • Health Insurance – Other 14,000.00 total funds 14,000.00
Total 1505 • Health Insurance 0.00 total funds 0.00
1506 • City Building 4,000.00 total funds 4,000.00
1507 • City Vehicle 1,500.00 total funds 1,500.00
1508 . Basic Life and AD&D $20,000 coverage 50.00 total funds 50.00
1500 • Insurance Expenses – Other 0.00 total funds 0.00
Total 1500 • Insurance Expenses 52,550.00 0.00 total funds 0.00 52,550.00
1600 • Miscellaneous Expenses
1601 • Dues & Meeting Fees 5,000.00 total funds 5,000.00
1602 • Gen. Misc./Grants (TBNK) 12,000.00 total funds 12,000.00
1603 • Recreation Expenses• 16,500.00 total funds 16,500.00
1604 • Travel/Meals/Lodging 4,000.00 total funds 4,000.00
1605 • Training 1,500.00 total funds 1,500.00
1606 • Adopt-a-Unit Expenses 4,000.00 total funds 4,000.00
1607 • Refunds (In & Out) 50,000.00 total funds 50,000.00
1600 • Miscellaneous Expenses – Other 2,000.00 total funds 2,000.00
Total 1600 • Miscellaneous Expenses 95,000.00 0.00 total funds 0.00 95,000.00
1700 • Legal & Accounting
1701 • Advertising 2,000.00 total funds 2,000.00
1702 ·Audit 17,500.00 total funds 17,500.00
1703 • PVA Assessment 21,000.00 total funds 21,000.00
1704 • City Attorney 35,000.00 total funds 35,000.00
1705 • Other Legal 10,000.00 total funds 10,000.00
1706 • Misc. Legal & Accounting 2,000.00 total funds 2,000.00
1700 • Legal & Accounting – Other 0.00 total funds 0.00
Total 1700 • Legal & Accounting 87,500.00 0.00 total funds 0.00 87,500.00
1800 • City Vehicle Expenses
1802 • Gasoline 2,500.00 total funds 2,500.00
1803 • Repair/Maintenance 1,000.00 total funds 1,000.00
1800 • City Vehicle Expenses – Other 0.00 total funds 0.00
Total 1800 • City Vehicle Expenses 3,500.00 0.00 total funds 0.00 3,500.00
2000 • Public Safety
2001 • Animal control 4,750.00 total funds 4,750.00
2002 • Fire & EMS Contract 465,000.00 total funds 465,000.00
2003 • Police 880,000.00 total funds 880,000.00
2004 – School Resource Officer 15,000.00 total funds 15,000.00
2000 • Public Safety – Other 0.00 total funds 0.00
Total 2000 • Public Safety 1,364,750.00 0.00 total funds 0.00 1,364,750.00
3000 • Public Works
3001 • Engineering Expenses 90,000.00 0.00 90,000.00
3002 • Storm Sewer Maint. 2,000.00 0.00 2,000.00
3003 • Street Repair/Maint. 0.00
3003PARK 0.00
3003KMR • Street Repair/Maintenance – KMR 0.00
3003 • Street Repair/Maint. – Other 0.00
Total 3003 • Street Repair/Maint. 430,000.00 + KMRA 50,000.00 total funds 480,000.00
3004 • Street Lights 10,500.00 total funds 10,500.00
3005 • Traffic Lights 1,500.00 total funds 1,500.00
3006 • Tree Services 15,000.00 total funds 15,000.00
3007 • Capital Improvements 10,000.00 total funds 10,000.00
3008 • Contracts Payable – Prior Year 0.00 total funds 0.00
3009 • Snow Removal 35,000.00 total funds 35,000.00
3010 • Grass Cutting 15,000.00 total funds 15,000.00
3011 • Street Sweeping 5,000.00 total funds 5,000.00
3012 • PW Equipment & Maintenance 20,000.00 + Special Projects 50,000.00 total funds 70,000.00
3013 • Waste Collection & Recycling 250,000.00 total funds 250,000.00
3014 • Public Works Miscellaneous 15,000.00 total funds 15,000.00
3000 • Public Works – Other 0.00 total funds 0.00
Total 3000 • Public Works 899,000.00 + KMRA 50,000.00 + Special Projects 50,000.00 total funds 999,000.00
Total Expense 2,871,300.00 + KMRA 50,000.00 +Special Projects 50,000.00 total funds 2,971,300.00
Gross Funds Available 6,201,560.00 +KMRA 129,500.00 + Special Projects 720,000.00 total funds 7,051,060.00
Excess Funds 3,330,260.00 +KMRA 79,500.00 + Special Projects 670,000.00 total funds 4,079,760.00