HomeMy WebLinkAboutCouncil Resolution 1057RESOLUTION NO. 1_ E7S
A RESOLUTION ADOPTING A BUDGET FOR 1=1SCAL
YEAR JULY 'i, 2005 TO JUNE 30, 2006,
MAKING APPROPRIATIONS AND LEVYING TAXES
WHEREAS, a public hearing was duly and regularly held by the City Council of Central
Point, Oregon, on the 9th day of June, 2005 on the approved budget for the City of Central Point,
Oregon, for the fiscal year July 1, 2005 to June 30, 2006, and 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, 2005, to and including June
30, 2006.
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, and 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 $ 411,910
Mayor and Council 50,480
Technology 206,030
City Enhancement 64,400
Finance 643,555
Parks 551,870
Recreation 440,100
Planning 628,120
Police 3,101,150
interdepartmental 90,000
Contingency 400,000
Transfers Out 450,000
Total General Fund Appropriations $7,037,615
STREET FUND: This fund consists of revenues received from the City's share of the State
of Oregon's gas tax revenues, storm drain fees, system development charges far both Streets and
Storm Drains. Expenditures are for street and storm drain maintenance, and System Development
Capital improvements.
Street Operations $1,694,740
Street Right of Way 919,410
Storm Drain SDC 40,000
Street SDC 1,378,000
Street Debt Financed 1,733,500
Contingency 100,000
Total Street Fund Appropriations $5,865,650
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.
Personal Services $ 68,600
Transfers 25,000
Tota[ Housing Fund Appropriations $ 33,600
CAPITAL IMPROVEMENT FUND This fund accounts for the purchase or construction of
major capital improvements which are not financed by the Water Fund.
Future General Capital Outlay $1,289,500
Recreation Center 140,000
Parks SDC 301,700
LID 1,435,000
Contingency 153,300
Total Capital Improvements Appropriations $3,319,500
DEBT SERVICE FUND: The Debt Service Fund accounts for the debt service on various
City financings. Resources are from building rental, assessment payments and STIP monies from
the MPO.
Debt Service $ 429,900
BUILDING FUND; The Building Fund accounts for the activities and revenues generated
from building, electrical, mechanical, plumbing inspections and plan reviews. Revenues generated
from services sustain the fund. Expenditures are for costs of operations and personnel costs.
Building inspection $639,535
Electrical Inspection 103,100
Mechanical Inspection 69,275
Plumbing Inspection 150,150
Contingency 100,000
Total Building Fund Appropriations $1,062,060
WATFR FUND: The Water 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 personnel, and capital improvements for the Water Department.
Operations $2,922,482
SDC 2,648,600
Contingency 150,000
Total Water Fund Appropriations $5,721,082
EQUIPMENT AND FACILITIES RENTAL FUND: This internal service type of fund charges
other funds equipment rental and building rental. The proceeds are used to maintain and purchase
replacement equipment and to maintain the City's buildings.
Building Maintenance $ 141,200
Equipment Maintenance 581,400
Contingency 50,000
Total Equipment and Facilities Rental Fund
Appropriations $ 772,600
CLOSING FUNDS: A[I of the following funds resources are from fund balance or carry-
forwardsfrom the previous years; with balances budgeted to be transferred out.
Street Right of Way Fund -Transfers $ 840,000
SDC Parks Fund- Transfers $ 76,000
SDC Water Suppiy Fund-Transfers $ 941,000
SDC Water Distribution Fund- Transfers $ 513,000
SDC Water Reservoir Fund-Transfers $1 ,261,000
SDC Transportation Fund-Transfers $ 931,000
Water Reservoir Fund -Transfers $ 500,000
Water Debt service Fund -Transfers $ 3,000
Total Appropriations AEI Funds $ 29,367,007
Section 3. As authorized bylaw and the Charter of the City of Centro! 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 2005-06, 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 5.8325 5.8328
TOTAL LEVY $4.4699 $4.4fi99
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 retards
as prescribed bylaw, and is further directed to certify to 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
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Approved by me tkul; ,' cl Y of June, 205
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