Details for CITY OF REEDSPORT - Ad from 2019-05-22

101-PUBLIC NOTICES 20346698 FORM LB-1 NOTICE OF BUDGET HEARING A public meeting of the Reedsport City Council will be held on June 3, 2019, at 7:15 pm at 451 Winchester Avenue, Reedsport, Oregon, in the City Council Chambers. The purpose of this meeting is to discuss the budget for the fiscal year beginning July 1, 2019 as approved by the Reedsport Budget Committee. A summary of the budget is presented below. A copy of the budget may be inspected or obtained at Reedsport City Hall, between the hours of 9:00 a.m. and 5:00 p.m. or online at www.cityofreedsport.org. This budget is for an annual budget period. This budget was prepared on a basis of accounting that is the same as the preceding year. Telephone: 541-271-1986 Contact: David Marshall, Finance Director Email: dmarshall@cityofreedsport.org FINANCIAL SUMMARY - RESOURCES TOTAL OF ALL FUNDS Beginning Fund Balance/Net Working Capital Fees, Licenses, Permits, Fines, Assessments & Other Service Charges Federal, State and all Other Grants, Gifts, Allocations and Donations Revenue from Bonds and Other Debt Interfund Transfers / Internal Service Reimbursements All Other Resources Except Current Year Property Taxes Current Year Property Taxes Estimated to be Received Total Resources Actual Amount Adopted Budget Fiscal Year 2017-18 Fiscal Year 2018-19 8,133,513 TOTALS 8,133,514 7,434,420 3,628,232 5,292,800 1,321,842 1,321,300 727,660 0 1,274,648 3,022,535 1,266,367 3,146,680 $24,485,777 $20,217,735 Approved Budget Fiscal Year 2019-20 6,871,190 0 730,990 0 610,450 (86,450) 1,300,000 $9,426,180 FINANCIAL SUMMARY - REQUIREMENTS BY OBJECT CLASSIFICATION Personnel Services Materials and Services Capital Outlay Debt Service Interfund Transfers Contingencies Special Payments Unappropriated Ending Balance and Reserved for Future Expenditure Total Requirements 2,430,869 1,798,939 2,902,654 0 2,084,308 0 0 2,736,595 2,877,295 6,686,700 727,650 6,614,250 2,830,730 2,197,150 4,999,945 2,286,400 1,989,450 156,000 7,756,997 $16,973,767 0 $19,642,490 923,390 $15,383,065 FINANCIAL SUMMARY - REQUIREMENTS AND FULL-TIME EQUIVALENT EMPLOYEES (FTE) BY ORGANIZATIONAL UNIT OR PROGRAM * Name of Organizational Unit or Program FTE for that unit or program City Council FTE City Manager FTE Finance FTE Legal Services FTE Municipal Court FTE Community Development FTE City Recorder FTE Community Building/City Hall FTE Police FTE SRO FTE Municipal Jail FTE Volunteer Fire FTE Building Inspection FTE Animal Control FTE Public Services FTE Library FTE Senior Center FTE Dial-A-Ride FTE Street FTE Water FTE Wastewater FTE $1,996 0.00 $140,817 1.40 $82,338 0.82 $13,577 0.00 $94,811 0.45 $41,644 0.55 $28,455 0.40 $21,730 0.00 $1,196,152 13.62 $65,989 0.80 $12,537 0.00 $105,954 0.00 $79,575 0.10 $20,650 0.00 $149,411 1.66 $0 0.00 $17,617 0.00 $21,180 0.19 $396,560 0.77 $781,054 4.49 $1,847,652 4.67 Total 0.00 $8,120 1.40 $165,200 0.99 $103,850 0.00 $35,000 0.55 $54,920 0.55 $48,450 0.40 $26,680 0.00 $1,434,040 14.40 $0 0.00 $0 0.00 $126,130 0.00 $46,850 0.30 $6,190 0.00 $166,810 1.63 $0 0.00 $20,675 0.00 $1,280 0.00 $889,550 0.77 $1,684,500 4.60 $5,192,075 4.78 $8,120 0.00 $167,000 0.00 $119,800 1.50 $35,000 0.00 $118,650 0.50 $59,100 0.30 $49,810 0.60 $26,680 0.00 $1,508,390 13.72 $0 0.00 $0 0.00 $141,880 0.00 $56,850 0.20 $0 0.00 $174,260 1.73 $0 0.00 $20,675 0.00 $0 0.00 $856,650 0.77 $1,756,550 4.59 $4,977,700 4.82 FINANCIAL SUMMARY - REQUIREMENTS AND FULL-TIME EQUIVALENT EMPLOYEES (FTE) BY ORGANIZATIONAL UNIT OR PROGRAM * Name of Organizational Unit or Program FTE for that unit or program Stormwater FTE Bicycle Footpath FTE Water SPWF FTE Water Filtration Debt FTE Wastewater DEQ Debt FTE Wastewater IFA Debt FTE Fire Equipment Fund FTE Dunes NRA Lease FTE Riverfront FTE Library Renovation FTE Water System Development FTE Wastewater System Development FTE Stormwater System Development FTE Wastewater Capital FTE General Capital FTE Street Capital FTE Stormwater Capital FTE Water Capital FTE Dial-A-Ride FTE Animal Shelter FTE Library FTE Police Capital Fund FTE CERT Fund FTE Not Allocated to Organizational Unit or Program FTE Total Requirements Total FTE $94,670 0.32 $0 0.00 $6,256 0.00 $0 0.00 $573,374 0.00 $154,247 0.00 $329,424 0.00 $129,159 0.54 $133,267 1.00 $0 0.00 $0 0.00 $0 0.00 $0 0.00 $73,460 0.00 $978,156 0.00 $261,743 0.00 $337,700 0.00 $817,553 0.00 $34,854 0.00 $5,079 0.00 $41,827 0.00 $41,586 0.00 $0 0.00 $812,336 0.00 $9,944,393 31.78 $1,339,620 0.32 $47,900 0.00 $0 0.00 $0 0.00 $826,110 0.00 $103,465 0.00 $70,900 0.00 $1,366,400 0.00 $210,600 1.00 $0 0.00 $74,520 0.00 $288,800 0.00 $6,300 0.00 $2,375,000 0.00 $931,805 0.00 $396,000 0.00 $315,000 0.00 $756,000 0.00 $42,030 0.19 $36,290 0.00 $153,320 0.05 $112,500 0.00 $0 0.00 $1,843,575 0.00 #VALUE! 31.93 $1,120,350 0.32 $53,000 0.00 $0 0.00 $0 0.00 $0 0.00 $0 0.00 $217,100 0.00 $1,684,200 0.54 $234,700 1.00 $0 0.00 $76,790 0.00 $301,500 0.00 $6,470 0.00 $0 0.00 $344,400 0.00 $0 0.00 $0 0.00 $0 0.00 $42,150 0.19 $39,850 0.00 $0 0.00 $65,250 0.00 $5,000 0.00 $1,115,190 0.00 $15,383,065 32.73 STATEMENT OF CHANGES IN ACTIVITIES and SOURCES OF FINANCING 1) As mentioned in last year's audit, the City streamlined its fund structure by closing the Jail fund and moving it into the General Fund's Police Cost Center. The Street, Water, Waistwater, and Stormwater Capital Funds were closed; their capital projects will be administered in funds 002, 003, 004, 005, respectively. The debt for wastewater has been reutrned to funds 003 and 012, and the Wastewater debt funds were closed. The Dial-A-Ride and Animal Shelter functions were moved into their own funds. As of December 1, 2018, the Reedsport Library became its own taxing district and, accordingly, the City is no longer participating in its financing activities. 2. Because the audit for FY17-18 has not been completed, AJEs for that year may impact FY18-19; our new auditor is aware of this possibility. Permanent Rate Levy (rate limit 6.18882 per $1,000) Local Option Levy Levy For General Obligation Bonds LONG TERM DEBT General Obligation Bonds Other Bonds Other Borrowings Total 3 PROPERTY TAX LEVIES Rate or Amount Imposed 2017-2018 6.1882 0 0 Rate or Amount Imposed This Year 2018-2019 6.1882 0 0 STATEMENT OF INDEBTEDNESS Estimated Debt Outstanding on July 1. $0 $8,524,929 $1,784,004 $10,308,933 Published: May 22, 2019 The Umpqua Post & ONPA (ID-20346698) Rate or Amount Approved Next Year 2019-2020 6.1882 0 0 Estimated Debt Authorized, But Not Incurred on July 1 $0 $0 $0 $0

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