City of Fort Wright, Kentucky

Capital Improvements Plan


Any long-range plan is based on certain assumptions or specific definitions about unknown factors of the future. The following definitions and factors are proposed to be used in this 2016-2021 Financial Plan.

  1. All property taxes will be projected at an increase of 2% per year. All other income will be projected to increase at 2% per year.
  2. In determining capital expenditure capacity, personnel and operating costs will be evaluated. All employees will be scheduled out for each year at actual grade and step assuming a cost of living increase of 3% annually. Health insurance was projected at 5% a year. Operating costs, which include utilities, repairs, minor equipment, supplies, and other miscellaneous items, will be projected to increase annually at a 3% rate.
  3. A capital improvement project must cost at least $10,000 and have a useful life of at least three years.
  4. No consideration will be given in this plan to funding unfunded projects through debt financing.
  5. A General Fund balance of at least $1,000,000 will be maintained through the period of the plan. All other fund balances will be maintained for necessary expenditures.

Click the link below to view the detailed plan:

 Capital Improvement/Financial Plan 2016-2021

Calendar Of Events
City Council Meetings
City Council Meetings are held on the first Wednesday of each month at 6:00 P.M.
Caucus Meetings are held on the third Wednesday of each month at 6:00 PM
Fiscal Year 2015-2016 Financial Audit
The audit for the Fiscal Year Ended June 30, 2016 has been completed and the report is available for viewing.
The City of Fort Wright Tranparency Portal
In an effort to provide financial information that is more timely, clear and transparent, The City of Fort Wright is very pleased to present our Financial Transparency Portal. We have partnered with OpenGov, a leader in this space, to provide a new web-based financial transparency and analysis tool that dynamically presents the city's revenues and expenses from historical trends to line item level details. Click below to learn more about OpenGov!

409 Kyles Lane, Fort Wright, KY 41011
Tel: 859-331-1700
Fax: 859-331-0454

Wednesday, October 04, 2017
Council Meeting
Saturday, October 07, 2017
Shred Day
Wednesday, October 18, 2017
Caucus Meeting