HomeMy WebLinkAboutCouncil Resolution 946RESOLUTION NO.q ~~
A RESOLUTION ADOPTING A BUDGET FOR FISCAL
YEAR JULY 1, 2002 TO JUNE 30, 2003,
MAKING APPROPRIATIONS AND LEVYING "fAXFS
WHEREAS, a public hearing was duly and regularly held by the City Council of Central
Point, Oregon, on the 13th day of.iune, 2002 on the approved budget for the City of Cenhal Point,
Oregon, for the fiscal year July 1, 2002 to June 30, 2003, and consideration was given to matters
discussed at said public hearing and uo increases were made to the proposed tax levy of the approved
budget, nor were any budget estimates increased more than ] 0% as limited by law.
NOW, THEREFORE, BE I"I' RESOLVED BY THE CITY OF CEN"I-RAL 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 Centra] Point, Oregon, for the fiscal year July I , 2002, to and including June
30.2003.
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, police, parks,
building and planning functions of the City. Principal sources of revenue 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 $ 2,764,355
Materials and Services 1,027,168
Transfers 1,033,000
Capital Outlay 95.881
TOTAL $ 4,920,404
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. 1°he
Motor Vehicle Tax Pund accounts for use of these monies for general street right-of--way
improvements, and maintenance.
Personal Services $ 193,739
Materials and Services 235.960
Capital Outlay 412.500
TOTAL S 842,199
STREET APPURTENANCES FUND: This fund consists of revenues received from the
City's franchise taxes. permit fees, and investmentincome. The Street Appurtenances Fund accounts
for the use of these monies for general street right-of-way improvements and maintenance.
Personal Services $ 83,556
Materials and Services 205.266
Capital Outlay 494.000
TO"CAL $ 782,822
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/xpeirditures are for
costs of operations, salaries of personnel, and capital improvements for the Water Department.
Personal Services $ 450,560
Materials and Services 811.933
Transfers 47.000
Capital Outlay 950.000
TOTAL S 2,259,493
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 fuhue
water users.
Capital Outlay $ 0
TOTAL ~ 0
WATF,R 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 are used exclusively for water
projects included in the water system improvement plan.
Capital Outlay $ 378.556
TOTAL S 378,556
PARK SDC FUND: "Phis capital project fund accounts for revenue received by the City from
park systems development charges assessed on development and investment income. The park SDC
revenues are used exclusively for the acquisition and development of City parks.
Transfers $ 300,000
Capital Outlay 166.659
TOTAL $ 466,659
WATER RESERVOIR SDC FUND: This capital 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
fwid for future construction of reservoirs and for retirement of the debt on the two-million ga11o^
reservoir completed in I=Y 94-95.
Debt Service $ 24,550
TOTAL S 24,550
STREET SllC 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 expandiirg the capacity and development of the
City's arterial street system.
Capital Outlay $ 514384
TOTAL S 514,384
RESERVOIR DEBT FiiND: This is a "debt service" type fund. Resources come from
transfers from the Utility Fund.
Debt Service $ 0
TOTAL S 0
BANCROFT BOND REDEMPTION FUND: All general obligation improvement bonds
have been retired for this fiord. Assessment revenues from property owners benefitted by
improvements will be transfen•ed to the General Fund.
Transfers $ 6.000
TOTAL S 6,000
WATF,R LINE DEBT FUND: This is a debt service type fiord. Resources come from
transfers form the Utility Fund.
Debt Service $ 7.400
TOTAL S 7,400
LAND ACQUISITION AND BUILDING FUND: This special revenue type of fund
accumulates funds received from the General Pund and property rental income to be used for land
acquisition. consh•uction, remodeling and expansion of City facilities and for maintenance and
operation costs for certain rental properties.
Personal Services $ 25,144
Materials and Services 95.600
Capital Outlay 295.000
TOTAL $ 415,744
EQUIPMENT ACQUISITION FUND: This special revenue type fund accumulates funds
for the replacement ofcopying machines and major computer/office equipment to be acquired in the
future.
Capital Outlay $ 64.940
TOTAL S G4,940
TELEPHONE EXCISE TAX FUNll: 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 $ 57.800
TOTAL $ 17,800
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 pm•chase
of equipment and buildings that support Public Works activities.
Personal Services $ 107,182
Materials and Services 175.950
Capital Outlay 211.205
TOTAL $ 494,337
I2EHABILITATIONRND DEVELOPMENT FUND: 'I'bis special revenue type of fund
accumulates revenues from lien payments on wood stove replacement loans. Revenues are
transferred to the Ueneral 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 $ 80,20]
TOTAL S 80,201
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 iu FY 94-95. No specific replacement date has been determined.
Capital Outlay
TOTAL
$ 0
S 0
TOTAL APPROPRIATION -ALL FUNDS
S 11,153,489
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 2002-2003, the rate of $4.4699 per $1,000 of assessed valuation for General
Government purposes, as follows:
Subject to Not Subject to
Ueneral Fund Measure 5 Limits Measure 5 Limits Total
Permanent rate limit tax $5.8328 $5.8328
TOTAL LEVY 54.4699 $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 of tares of the City of Central Point. Oregon, and to take alI other steps with regard to said
budget and levy as are required by law.
Passed by the Council and signed by me in authentication of'its passage this L~' day of
June. 2002.
'~ CL
Mayor I3i11 Walto^
_/
ATTE
City Representative
Approved by me this ~" day of June, 2002.
~ ~; ti~
Mayor Bill Walton
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