Details for CITY OF LAKESIDE - Ad from 2019-06-15

101-PUBLIC NOTICES 20347739 NOTICE OF BUDGET HEARING FORM LB-1 A public meeting of the City of Lakeside will be held on June 20, 2019 at 7:00 __am X pm at City of Lakeside Conference Room 915 N Lake Rd, Lakeside, Oregon. The purpose of this meeting is to discuss the budget for the fiscal year beginning July 1, 2019 as approved by the City of Lakeside Budget Committee. A summary of the budget is presented below. A copy of the budget may be inspected or obtained at Lakeside City Hall, between the hours of 8:00 a.m. and 5:00 p.m. This budget is for an X annual __ biennial budget period. This budget was prepared on a basis of accounting that is X the same as __ different than used the preceding year. If different, the major changes and their effect on the budget are: Telephone: (541) 759-3011 Contact: Andrew Carlstrom TOTAL OF ALL FUNDS Email: manager@cityoflakeside.org FINANCIAL SUMMARY - RESOURCES Actual Amount 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 Property Taxes Property Taxes Estimated to be Received Total Resources Adopted Budget 2017-18 Approved Budget This Year 2018-19 1,455,230 1,162,308 228,000 0 0 15,200 76,000 2,936,738 1,630,047 1,184,108 139,300 0 0 9,600 76,000 3,039,055 FINANCIAL SUMMARY - REQUIREMENTS BY OBJECT CLASSIFICATION Personnel Services 586,774 Materials and Services 746,400 Capital Outlay 389,000 Debt Service 184,227 Interfund Transfers 0 Contingencies 60,000 Special Payments 0 Unappropriated Ending Balance and Reserved for Future Expenditure 1,072,654 Total Requirements 3,039,055 Next Year 2019-20 1,422,230 1,026,392 375,604 0 15,000 16,200 325,250 3,180,676 573,921 933,040 332,000 157,913 0 32,000 0 907,864 2,936,738 762,173 1,040,154 316,000 156,512 15,000 32,000 0 858,837 3,180,676 FINANCIAL SUMMARY - REQUIREMENTS BY ORGANIZATIONAL UNIT OR PROGRAM * Name of Organizational Unit or Program FTE for that unit or program City Hall Administration 401,600 407,200 FTE 1.50 1.50 Public Works and Streets 303,200 338,000 FTE 0.75 0.75 Wastewater Treatment Plant 2,009,835 1,067,800 FTE 4.75 4.75 Library 144,420 133,430 FTE 1.75 1.75 Watershed and Lakes 0 0 FTE 0.00 0.00 Non-Departmental / Non-Program 147,500 0 FTE 0.00 0.00 Total Requirements 3,006,555 1,946,430 Total FTE 8.75 8.75 454,800 1.50 340,000 0.75 1,073,800 4.75 224,984 1.75 0 0.00 232,000 0.00 2,325,584 8.75 STATEMENT OF CHANGES IN ACTIVITIES and SOURCES OF FINANCING * The Ten Mile Lake Basin Partnership "Watershed" has moved on to a new fiscal agent and is reflected in the Budget for Watershed and Lake going to $0. Permanent Rate Levy (rate limit 0.00 per $1,000) Local Option Levy Levy For General Obligation Bonds LONG TERM DEBT General Obligation Bonds Other Bonds Other Borrowings Total PROPERTY TAX LEVIES Rate or Amount Imposed 0 0 0 STATEMENT OF INDEBTEDNESS Estimated Debt Outstanding on July 1. $0 $2,605,000 $0 $2,605,000 0 0 0 Rate or Amount Imposed 0 0 0 Rate or Amount Approved Estimated Debt Authorized, But Not Incurred on July 1 $0 $0 $0 $0 Published: June 15th and 17th, 2019 The World & ONPA (ID20347739)

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