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HomeMy WebLinkAboutCouncil Resolution 1176RESOLUTION NO. A RESOLUTION ADOPTING A BUDGET FOR FISCAL YEAR JULY 1, 2008 TO JUNE 30, 2009, MAKING APPROPRIATIONS AND LEVYING TAXES WHEREAS, a public hearing was duly and regularly held by the City Council of Central Point, Oregon, on the 12th day of June, 2008 on the approved budget for the City of Central Point, Oregon, for the fiscal year July 1, 2008 to June 30, 2009; 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 lT 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, 2008, to and including June 30, 2009. 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. General Fund Administration 557,000 City Enhancement 123,000 Technical Services 395,000 Mayor & Council 108,000 Finance 890,000 Parks 639,000 Recreation 518,000 Planning 589,000 Police 3,468,000 Transfers Out 55,000 Contingency 358,000 Interdepartmental 135,000 Total General Fund $7,835,000 Budget\2008-09\Calendar\Appropriations and Levying Taxes 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. Street Fund Contingency 280,000 Operations 1,239,000 SDC Streets 416,000 Total Street Fund $1,935,000 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. Housing Fund Materials & Services 69,000 Transfers Out 25,000 Total Housing Fund $94,000 CAPITAL IMPROVEMENT FUND This fund accounts for the purchase or construction of major capital improvements which are not financed by an enterprise fund. Capital Improvement Fund Capital Imp Fund -Recreation Ctr 836,000 Capital Imp Fund -SDC Parks 511,000 Total Capital Improvement Fund $1,347,000 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 Fund Total Personnel Services 231,000 Total Materials & Services 47,000 Total Contingency 50,000 Total Building Fund $328,000 Budget\2008-09\Calendar\Appropriations and Levying Taxes 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 Fund Total Debt Service $582,000 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. Water Fund Contingency 250,000 Operations 2,599,000 SDC Water Improvements 571,000 Total Water Fund $3,420,000 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 Fund Contingency 50,000 Operations 670,000 stormwater SDC 31,000 Total stormwater Fund $751,000 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. Public Works Service Fund Facilities Maintenance 294,000 Public Works Administration 727,000 Fleet Maintenance 400,000 Contingency 50,000 Total PW Service Fund $1,471,000 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 2008-09, the rate of $4.47 per $1,000 of assessed valuation for general government purposes, as follows: Budget\2008-09\Calendar\Appropriations and Levying Taxes Subject to Not Subject to General Fund Measure 5 Limits Measure 5 Limits Total Permanent rate limit tax 5.8328 5.8328 TOTAL LEVY $4.47 $4.47 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. Passed by the Council and signed by me in authentication of its passage this 1~day of June, 2008. Mayor Hank Williams ATTE City Recorder ~rh. Approved by me this Lday of June, 2008 Mayor Hank Williams Budget\2008-09\Calendar\Appropriations and Levying Taxes