HomeMy WebLinkAboutCouncil Resolution 1020RESOLU"PION NO. 1020
A RESOLUTION ADOPTING A BUDGET FOR FISCAL YEAR
JURY 1, 2004 TO JUNE 3U, 2005, MAKING
APPROPRIATIONS ANll LEVYING TAXCS
WHERL-;AS, a public hearing was duly and regularly held by the City Council of Central
Point, Oregon, on the 10th day of,iune. 2004, on the approved budget for the City of Central Point,
Oregon, for the fiscal year July 1, 2004 to June 30, 2005, 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 by Iaw.
NOW, TFIEREFORE, BE 1T 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 acid adopted as the
budget for the City of Central Point, Oregon, for the fiscal year July I , 2004. to and including June
30.200.
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 fords below:
GENERAL, FliND: The General Fund accounts for the administration, police, parks, and
planningfunetionsoftheCity. Principal sourcesofrevenueconsistoflicenseandpermitfees,grants
from other governmental agencies, and property tax levies. Majorexpendituresprovrde for personal
services, materials and services, capital outlay, and transfers to other funds.
Personal Services ~ 3.381.278
Materials and Services 1.052.117
Transfers 550.000
Capital Outlay 98,750
Contingency 400.000
TOTAL S 5,482,145
MOTOR VEHICLE TAX FUND: "Phis 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 $ 306.615
Materials and Services 275.333
Capita] Outlay 680,000
Contingency ] 23.000
TOTAL S 1,387,948
BUILDING FliND: This fund consists of revenue received from the issuance of building,
plumbing, electrical and medlanical permits issued. Expenditures are for costs of operations,
salaries of personnel, and capital improvements for the Building Department.
Personal Services $ 445.380
Materials and Services 138.350
Capital Outlay 1 X1.000
TOTAL ~ 597,730
STREET ANll 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 $ 257.172
Materials and Sewices 333,598
Capital Outlay ] .360,514
Transfers 259.682
Contingency 220,000
TOTAL $ 2,430,966
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. Expenditures are for
costs of operations, salaries of persomrel, and capital improvements for the Water Department.
Personal Services $ 650.018
Materials and Services 1,101.620
Transfers 47,000
Capital Outlay 382,000
Contingency 200.000
TOTAL S 2,380,638
WATER SUPPLY SDC FUND: This capital project fund consists of revenues received by
the City from water supply systems development charges assessed on development and investment
income. The water supply SDC revenues are used exclusively for the purchase of water for future
water users.
Capital Outlay ~ 673,200
Contingency 68,000
TOTAL $ 741,200
WATER llISTRII3UTION SDC FUND: 'T'his 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 are used exclusivclyfor water
projects included in the water system improvement plan.
Capital Outlay $ 794,400
Contingency 68.000
TOTAL S 862,400
PARK SDC FUND: This capital project fund accounts for revenue received by the City from
park systems developmentchargesassessedondevelopu~eutandinvestmentincome. TheparkSDC
revenues are used exclusively for the acquisition and development of City parks.
Capital Outlay $ 461,835
Contingency 32.600
TOTAL S 494,435
WAT1;R R1;SI;RVOIR 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
fiord for future construction of reservoirs and for retirement of the debt on the two-million gallon
reservoir completed in FY 94-95.
Capital Outlay $ 117,400
Contingency 12.000
TOTAL $ 129,400
STREET SDC FUND: This capita] 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;947,600
Contingency 194 000
TOTAL S 2,136,600
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 S 0
INFIZASTRUCTURT; LOAN: This money will be used to rcpt}~ a loan taken out from the
State Infrash~ucture Loan Bank. The loan is to be used for the. reconstruction of portions of Highway
99 and East Pine Street.
Debt Service ~ 259,(82
TOTALS 259,682
I3ANCROFT BOND RI;llEMPTION FUNll: A]I general obligation improvement bonds
have been retired for this fwid. l~ssessment revenues from property owners benefitted by
improvements will be transferred to the General Fund.
Transfers $ 13.000
TOTAL S 13,000
WATIJR LINT DEBT P'UND: This is a debt service type fund. Resources come from
transfers form the Utility Fund.
Debt Service S 7.400
TOTAL S 7,400
CITY HALL EXPANSION BONll: 'T'his 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.
'T'ransfer Out $ 1.950.000
Debt Service 50.00
TOTAL S 2,000,000
DOWNTOWN RFVI"CALIZATION LOAN FUND: This fund is to offer low interest
loans to downtown property a~~d 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 S 30,000
LAND ACQUISITION AND BUILDING FUND: This special revenue type of fund
accumulates fwlds received from the General Fwld and property rental income to be used for land
acquisition, construction, remodeling and expansion of City facilities and for maintena~ice and
operation costs for certain rectal properties.
Personal Services $ 53,875
Materials and Services 114,000
Capital Outlay 2.145.000
TOTAL S 2,312,875
EQUIPMENT ACQUISITION FUND: 'I'bis special revenue type food accumulates funds
forthe replacement ofcopying machines and major computer/office equipment to be acquired iu the
future.
Materials and Service $ 5.000
Capital Outlay 40.000
TOTAL $ 45,000
TELEPHONE EXCISE TAX FUND: This special revenue type offund pays for the City's
share of the Enhanced 911 Program. Revenues are passed through directly to the City of Medford.
Materials and Services $ 80.000
'TOTAL 5 50,000
PUBLIC WORKS EQUIPMENT RENTAL FUND: "Phis internal service type of fund
charges other fmrds equipment rental rates and uses the proceeds for the maintenance and purchase
of equipment and buildings that support Public Works activities.
Personal Services $ 187.774
Materials and Services 237.000
Capital Outlay 303,000
Contingency 72.000
TOTAL $ 799,774
REHABILITATION AND DEVELOPMENT FUND: This special revenue type offund
accumulates revenues front lien payments on wood stove replacement loans. Revenues are
transferred to flee General Fund and may be used for housing rehabilitation and community
development purposes subject to the requirements of the Community Development Block Grant
Program.
Capital Outlay $ 11.7]3
Transfer Out 24.900
TOTAL 5 36,613
WATER RESERVOIR REPLACEMENT FUND: This capital project fund receives
revenues U-ansferred 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 bylaw and the Charter of the City of Central Point, Oregon, there
is hereby levied upon the taxable property of said city as shown on thetas 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 Ibtal
Permanent rate limit tax $5.8328 $5.8328
TOTAL LEVY 54.469) 54.46)9
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 Yo the Assessor of Jackson County, Oregon,
the levies of taxes of the City of Central Point, Oregon, and to take all other steps with regard to said
budget and levy as are required by law.
Passed by t~6e Council and signed by me in aud~entication of its passage this f~~day of
June. 2004.
Mayor Hank Williams
ATTEST'
.~"i_ '`
City Kecorder
Approved by nie this /day of June. 2004.
Mayor Hank Williams