Details for CITY OF POWERS - Ad from 2019-05-16

101-PUBLIC NOTICES 20346211 NOTICE OF BUDGET HEARING A public meeting of the Powers City Council will be held on May 28, 2019 at 7 PM in Ross Hall, 570 3rd Avenue, Powers, 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 Powers Budget Committee. A summary of the budget is presented below. A copy of the budget may be inspected or obtained at City Hall Monday - Friday from 9 AM - 4 PM, unless otherwise posted. This budget is for an annual period and was prepared on a basis of accounting that is the same as the preceding year. Contact City Recorder Stephanie Patterson Telephone Number E-Mail (541) 439-3331 admin@cityofpowers.com FINANCIAL SUMMARY: RESOURCES Actual Amounts 2017-18 Adopted Budget 2018-19 Approved Budget 2019-20 1. Beginning Fund Balance 510,649 521,570 572,600 TOTAL OF ALL FUNDS 2. Fees, Licenses, Permits, Fines, Assessments, Other Service Charges 577,934 588,850 571,500 3. Federal, State, Other Grants, Gifts, Allocations, Donations 63,579 8,732,300 8,740,650 4. Revenue from Bonds & Other Debt 47,254 0 0 5. Interfund Transfers/Internal Service Reimbursements 50,175 25,000 10,000 6. All Other Resources Except Property Taxes 0 0 0 7. Property Taxes Estimated to Be Received 270,041 260,400 268,000 1,519,632 10,128,120 10,162,750 8. Total Resources…add lines 1 through 7 FINANCIAL SUMMARY: REQUIREMENTS BY OBJECT CLASSIFICATION 9. Personnel Services 380,965 499,950 492,900 10. Materials & Services 355,211 8,984,900 9,029,600 11. Capital Outlay 115,487 249,424 268,424 12. Debt Service 103,485 112,550 111,100 9,879 21,000 10,000 0 40,500 55,500 13. Interfund Transfers 14. Contingencies 0 0 0 16. Unappropriated Ending Balance & Reserved for Future Expenditure 15. Special Payments 554,605 219,796 195,226 17. Total Tax Requirements…add lines 9 through 16 1,519,632 10,128,120 10,162,750 FINANCIAL SUMMARY: REQUIREMENTS & FULL-TIME EQUIVALENT EMPLOYEES (FTE) BY FUND Name of Organizational Unit or Program (Fund) FTE for Unit or Program Name General Fund 397,724 472,400 438,400 3.38 2.63 2.64 151,703 153,400 157,600 1.8 1.8 1.78 31,420 0 0 0 0 0 31,726 34,050 35,700 0 0 0 170,789 128,300 166,500 0.26 0.44 0.65 13,914 13,200 11,550 0 0 0 50,939 53,850 64,650 0 0 0 273,080 292,800 316,500 1.49 1.36 1.3 Sewer Construction Fund 5,881 8,524,000 8,520,000 0 0 0 Sewer Fund 224,907 262,150 238,500 1.76 1.37 1.25 Sewer Systems Development Charge Fund 3,154 3,110 6,240 0 0 0 3,154 3,160 6,210 0 0 0 Water Reserve Fund 85,394 113,000 123,100 0 0 0 Sewer Reserve Fund 44,012 29,100 25,100 0 0 0 City Hall Building Reserve Fund 31,835 45,600 52,700 FTE Name Library Fund FTE Name Library Memorial Fund FTE Name Ambulance Association Fund FTE Name Streets Fund FTE Name Historical Preservation Fund FTE Name State Revenue Sharing Fund FTE Name Water Fund FTE Name FTE Name FTE Name FTE Name Water Systems Development Charge Fund FTE Name FTE Name FTE Name FTE Total Requirements Total FTE 0 0 0 1,519,632 10,128,120 10,162,750 8.69 7.6 7.62 STATEMENT OF CHANGES IN ACTIVITIES & SOURCES OF FINANCING Grant funding is being sought for improvements to Fire Department equipment, Orchard Park grounds, and potential sewer infrastructure projects, accounting for the majority of budgeted grant funds. Staff time across all departments has been reallocated to more accurately reflect actual expected time in those departments. Funds have been budgeted for a potential maintenance/landscaping contractor for ongoing care of City Hall and museum grounds. Expenses in the Police Department have been budgeted at an increase and not expected to be expended until additional revenue sources are secured for the department to offset those increases. Additionally, the City Council voted 5/7/19 to add line items to account for an estimated $15,000 in donations and grants for the Police Department's privately funded K-9 program. Those line items are not included in the approved figures above. PROPERTY TAX LEVIES Rate or Amount Imposed Rate or Amount Imposed Rate or Amount Imposed 7.3946 7.3946 7.3946 Local Option Levy 0 0 0 Levy for General Obligation Bonds 0 0 0 Permanent Rate Levy (Rate Limit 7.3946 per $1,000) STATEMENT OF INDEBTEDNESS Long Term Debt Estimated Debt Outstanding on July 1 Estimated Debt Authorized, but not Incurred on July 1 General Obligation Bonds 0 0 Other Bonds 0 0 Other Borrowings: Water Fund Loans Y96002, S03005, & S08001 $907,647 0 Other Borrowings: Sewer Fund Loans R74350 & R74351 $156,188 0 $1,182,986 0 Other Borrowings: Sewer Project Loans R74352 & R74353 Other Borrowings: Police/Fire Tahoe Loan Total Published: May 16, 2019 The World & ONPA(ID-20346211) $5,075 1 $2,246,821 $0

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