HomeMy WebLinkAboutCouncil Resolution 982RESOLt1"PION NO. ut ~ ~~
A RESOLUTION ADOPTING A BUDGET FOR FISCAL YEAR
JULY 1, 2003 TO JUNE 30, 2004, MAKING
APPROPRIATIONS AND LEVYING "FAXES
WHEREAS, a public hearing was duly and regularly held by the City Council of Central
Point, Oregon, on the 12th day of June, 2003 on the approved budget for the City of Central Point,
Oregon, for the fiscal year July 1, 2003 to June 30, 2004, and consideration was given to matters
discussed at said public hearing and no increases were made to the proposed tax levy ofthe approved
budget, nor were any budget estimates increased more than 10% as limited bylaw.
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, 2003, to and including June
30, 2004.
Section 2. The taxes and other receipts of the City of Central Point, Oregon, for said f scal
year, are hereby appropriated for the purposes set forth below:
GENERAL FUND: The General Fund accounts for the administration, police, parks, and
planning functions ofthe City. Principal sources ofrevenue consist of license and permit fees, grants
from other governmental agencies, and property tax levies. Major expenditures provide for personal
services, materials and services, capital outlay, and transfers to other funds.
Personal Services $ 2,937,005
Materials and Services 929,4744
Transfers 1,207,869
Capital Outlay 415.371
TOTAL $ 5,489,719
MOTOR VEHICLE TAX FUND: This fund consists of revenues received from the City's
share of the State of Oregon's motor vehicle use and fuel tax revenues and investment income. The
Motor Vehicle Tax Fund accounts for use of these monies for general street right-of--way
improvements, and maintenance.
Personal Services $ 169,450
Materials and Services 231,960
Capital Outlay 896,774
TOTAL $1,280,184
BUILDING FUND: This fund consists of revenue received from the issuance of building,
plumbing, electrical and mechanical permits issued. Expenditures are for costs of operations,
salaries of personnel, and capital improvements for the Building Department.
Personal Services $ 413,857
Materials and Services 136,505
Capital Outlay 15,500
TOTAL $ 566,087
STREET AND RIGHT OF WAY FUND: This fund consists of revenues received from
the City's franchise taxes, permit fees, and investment income. The Street and Right of Way Fund
accounts for the use of these monies for general street right-of--way improvements and maintenance.
Personal Services $ 269,510
Materials and Services 259,816
Capital Outlay 1,054,871
TOTAL $ 1,584,197
UTILITY FUND: The Utility Fund accounts for the management of the City' s water
resources and facilities. Revenues are derived from billings to utility users. 1;xpenditures are for
costs of operations, salaries of personnel, and capital improvements for the Water Department.
Personal Services $ 483,440
Materials and Services 852,233
Transfers 47,000
Capital Outlay 1,016,000
TOTAL $ 2,398,673
WATER SUPPLY SDC FUND: This capital project fund consists of revenues received by
the City from water supply systems development chazges assessed on development and investment
income. The water supply SDC revenues aze used exclusively for the purchase of water for future
water users.
Capital Outlay $ 901,000
TOTAL $ 901,000
WATER DISTRIBUTION SDC FUND: This capital project fund accounts for revenue
received by the City from water distribution systems development charges assessed on development
and investment income. The water distribution system SDC revenues aze used exclusively for water
projects included in the water system improvement plan.
Capital Outlay $ 904,694
TOTAL $ 904,694
PARK 5DC FUND: This capital proj ect fund accounts for revenue received by the City from
park systems development charges assessed on development and investment income. The park SDC
revenues aze used exclusively for the acquisition and development of City parks.
Capital Outlay $ 490,800
TOTAL $ 490,800
WATER RESERVOIR SDC FUND: This capita] project fund accounts for revenue
received by the City from water reservoir systems development charges assessed on development
and investment income. The water reservoir system development revenues can be used as a sinking
fund for future construction of reservoirs and for retirement of the debt on the two-million gallon
reservoir completed in FY 94-95.
Capital Outlay $ 140,000
Debt Service 222.500
TOTAL $ 362,500
STREET SDC FUND: This capital project fund accounts for revenue received by the City
from street systems development charges assessed on development and investment income. The
street system development revenues are used for expanding the capacity and development of the
City's arterial street system.
Capital Outlay $ 1,175.000
TOTAL $ 1,175,000
STORM DRAIN SDC: This fund will allow the City to track revenue and expenses
involved in the maintenance and construction of storm drain facilities.
Capital Outlay $ 0
TOTAL $ 0
RESERVOIR DEBT FUND: This is a "debt service" type fund. Resources come from
transfers from the Utility Fund.
Debt Service $ 0
TOTAL $ 0
BANCROFT BOND REDEMPTION FUND: All general obligation improvement bonds
have been retired for this fund. Assessment revenues from property owners benefitted by
improvements will be transferred to the General Fund.
Transfers $ 6.000
TOTAL $ 6,000
WATER LINE DEBT FUND: This is a debt service type fund. Resources come from
transfers form the Utility Fund.
Debt Service $ 7,400
TOTAL $ 7,400
CITY HALL EXPANSION BOND: This fund will account for the cost of construction the
City-owned office space that is scheduled to be built on the second floor of the new Library building.
Transfer Out $ 1,950,000
Debt Service 50,000
TOTAL $ 2,000,000
DOWNTOWN REVITALIZATION LOAN FUND: This fund is to offer low interest
loans to downtown property and business owners as incentive to improve and update the Pine Street
control business district. Loans are oriented toward facade improvements.
Loans Issued $ 30,000
TOTAL $ 30,000
LAND ACQUISITION AND BUILDING FUND: This special revenue type of fund
accumulates funds received from the General Fund and property rental income to be used for land
acquisition, construction, remodeling and expansion of City facilities and for maintenance and
operation costs for certain rental properties.
Personal Services $ 59,272
Materials and Services 70,600
Capital Outlay 2,115,000
TOTAL $ 2,244,872
EQUIPMENT ACQUISITION FUND: This special revenue type fund accumulates funds
for the replacement of copying machines and major computer/office equipment to be acquired in the
future.
Materials and Service $ 5,000
Capital Outlay 62,000
TOTAL $ 67,000
TELEPHONE EXCISE TAX FUND: This special revenue type of fund pays for the City's
share of the Enhanced 911 Program. Revenues are passed through directly to the City of Medford.
Materials and Services 70 000
TOTAL $ 70,000
PUBLIC WORKS EQUIPMENT RENTAL FUND: This internal service type of fund
charges other funds equipment rental rates and uses the proceeds for the maintenance and purchase
of equipment and buildings that support Public Works activities.
Personal Services $ 213,096
Materials and Services 195,000
Capital Outlay 122,671
TOTAL $ 530,767
REHABILITATION AND DEVF..LOPMENT FUND: This special revenue type of fund
accumulates revenues from lien payments on wood stove replacement loans. Revenues are
transferred to the General Fund and may be used for housing rehabilitation and community
development purposes subject to the requirements of the Community Development Block Grant
Program.
Transfer out $ 20,000
TOTAL $ 20,000
WATER RESERVOIR REPLACEMENT FUND: This capital project fund receives
revenues transferred from the Water Department -Utility Fund for the purpose of replacing the two
million gallon reservoir completed in FY 94-95. No specific replacement date has been determined.
Capital Outlay $ 0
TOTAL $ 0
TOTAL APPROPRIATION -ALL FUNDS
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 2003-2004, 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 each 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 levies oftaxes ofthe City ofCentral Point, Oregon, and to take all other steps with regard to said
budget and levy as are required by law.
~ ~)t~~ti
Passed by the Council and signed by me in authentication of its passage this ~ ~, day of
June, 2003.
Mayor Hank Williams
ATTES
Deputy City Recorder
Approved by me this ~ day of June, 2003.
Mayor Hank Williams