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HomeMy WebLinkAboutCouncil Resolution 1106.~ RESOLUTION NO.~ ©~ A RESOLUTION ADOPTING A BUDGET FOR FISCAL YEAR JULY 1, 2006 TO JUNE 30, 2007, MAKING APPROPRIATIONS AND LEVYING TAXES WHEREAS, a public hearing was duly and regularly held by the City Council of Central Point, Oregon, on the 22nd day of June, 2006 on the approved budget for the City of Central Point, Oregon, for the fiscal year July 1, 2006 to June 30, 2007; and whereas consideration was given to matters discussed at said public hearing and no increases were made to the proposed tax levy of the approved budget, nor were any budget estimates increased more than 10% as limited by law; NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF CENTRAL POINT, OREGON, AS FOLLOWS: Section 1. The budget heretofore approved by the Budget Committee of the City of Central Point, now on file in the office of the City Finance Director, is hereby ratified and adopted as the budget for the City of Central Point, Oregon, for the fiscal year July 1, 2006, to and including June 30, 2007. Section 2. The taxes and other receipts of the City of Central Point, Oregon, for said fiscal year, are hereby appropriated for the purposes set forth below: GENERAL FUND: The General Fund accounts for the administration, finance, parks, and recreation, planning and police functions of the City. Principal sources of revenue consist of license and permit fees, grants from other governmental agencies, charges for services, court fines, franchised taxes, and property tax levies. Major expenditures provide for personal services, materials and services, capital outlay, and transfers to other funds. Administration 483,740 City Enhancement 104,700 Information Technology 268,050 Mayor and Council 88,870 Finance 749,440 Interdepartmental 120,000 Transfers 50,000 Contingency 250,000 Parks 582,470 Recreation 533,490 Planning 596,230 Police 3,360,050 Total General Fund 7,187,040 STREET FUND: This fund consists of revenues received from the City's share of the State of Oregon's gas tax revenues, street system development charges and grants. Expenditures are for street and street right of way maintenance, and capital improvements. Debt Financed 1,501,250 Street Operations 2,273,340 Street Right of Way Operations 225,000 Contingency 400,000 SDC Streets 263,000 Total Street Fund 4,662,590 HOUSING FUND: This special revenue type of fund accumulates revenues from lien payments on wood stove replacement loans. Revenues may be transferred to the General Fund or used for housing rehabilitation and community development purposes subject to the requirements of the Community Development Block Grant Program. Materials & Services 4,600 Capital Outlay 71,400 Transfers Out 25,000 Total Street Fund 101,000 CAPITAL IMPROVEMENT FUND This fund accounts for the purchase or construction of major capital improvements which are not financed by an enterprise fund. Recreation Center 315,000 SDC Parks 429,600 Contingency 460,400 LID Capital 959,000 Total Capital Improvements Fund 2,164,000 BUILDING FUND: The fund accounts for activities and revenues generated from building, electrical, mechanical, plumbing inspections and plan reviews. Revenues generated from services fully sustain the fund. Expenditures are for costs of operations including personnel costs. Building Inspections 565,510 Electrical Inspections 106,230 Mechanical Inspections 72,300 Plumbing Inspections 155,110 Contingency 100,000 Total Building Fund 999,150 DEBT SERVICE FUND: The fund accounts for debt service on various city financings such as leased equipment, local improvements districts, and the city hall building. Resources are from building rental, assessment payments and transportation grants. Debt Service 593,900 WATER FUND: The fund accounts for the management of the city's water resources and facilities. Revenues are derived from billings to utility users. Expenditures are for costs of operations and capital improvements for the Water Division. Financed 464,300 Contingency 250,000 Operations 2,509,620 SDC Water Improvements 690,200 Total Water Fund 3,914,120 STORMWATER FUND: The fund accounts for the management of the city's stormwater system. Revenues are derived from billings to utility users. Expenditures are for costs of operations and capital improvements for the stormwater Division. stormwater Operations 574,120 stormwater SDC 50,750 Contingency 169,630 Total stormwater Fund 794,500 PUBLIC WORKS SERVICES FUND: This internal service fund accounts for facilities maintenance, public works administration, engineering services, fleet maintenance and replacement services for other departments and divisions of the City. Revenues are from charges for services. Equipment rental, building rental and public works overhead is charged to cover the costs of the services provided Facilities 151,800 Public Works Administration 905,140 Fleet Maintenance 491,700 Contingency 150,000 Total Public Works Services Fund 1,698,640 Total Appropriations All Funds $ 22,114,940 Section 3. As authorized by law and the Charter of the City of Central Point, Oregon, there is hereby levied upon the taxable property of said city as shown on the tax rolls of Jackson County, Oregon, for fiscal year 2006-07, the rate of $4.4699 per $1,000 of assessed valuation for general government purposes, as follows: Subject to Not Subject to General Fund Measure 5 Limits Measure 5 Limits Total Permanent rate limit tax 5.8328 5.8328 TOTAL LEVY $4.4699 $4.4699 Section 4. The Finance Director is hereby directed to enter the appropriation for each organizational unit, program, and division of the budget separately on the proper books and records as prescribed by law; and is further directed to certify to the Assessor of Jackson County, Oregon, the levy of taxes of the City of Central Point, Oregon, and to take all other steps with regard to said budget and levy as required by law. L Passed by the Council and signed by me in authentication of its passage this~day of June, 2006. Mayor Hank Williams ATTEST: City Recorder / // Approved by me this ~~day of June, 2006 Mayor Hank Williams Approved as to Form