Details for OREGON INTERNATIONAL PORT OF COOS BAY - Ad from 2019-06-12

101-PUBLIC NOTICES 20347753 NOTICE OF BUDGET HEARING FORM LB-1 A public meeting of the Board of Directors of Coos Bay Rail Line, Inc. will be held on June 17, 2019, at 5:30 pm at the Port of Coos Bay's Commission Chambers, 125 W Central Avenue, Suite 230, Coos Bay, Oregon. The purpose of this meeting is to discuss the budget for the fiscal year beginning July 1, 2019, as approved by the Coos Bay Rail Line, Inc.'s Budget Committee. A summary of the budget is presented below. A copy of the budget may be inspected or obtained at 125 W Central Avenue, Suite 300, Coos Bay, Oregon, between the hours of 8:00 a.m. and 5:00 p.m. or online at www.coosbayrailline.com. This budget is for an annual budget period. This budget was prepared on a basis of accounting that is consistent with the basis of accounting used during the preceding year. Contact: Megan Richardson Email: mrichardson@portofcoosbay.com Telephone: (541) 267-7678 TOTAL OF ALL FUNDS FINANCIAL SUMMARY - RESOURCES Actual Amount 2017-2018 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 0 0 0 0 0 0 0 0 Adopted Budget This Year 2018-2019 FINANCIAL SUMMARY - REQUIREMENTS BY OBJECT CLASSIFICATION Personnel Services 0 Materials and Services 0 Capital Outlay 0 Debt Service 0 Interfund Transfers 0 Contingencies 0 Special Payments 0 Unappropriated Ending Balance and Reserved for Future Expenditure 0 Total Requirements 0 0 0 0 0 0 0 0 0 Approved Budget Next Year 2019-2020 0 4,269,964 0 0 0 0 0 4,269,964 0 0 0 0 0 0 0 0 0 1,621,838 2,268,230 0 0 0 0 0 379,896 4,269,964 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 Administration 0 0 959,825 FTE 0 0 2 Maintenance of Way 0 0 1,176,428 FTE 0 0 8 Transportation 0 0 1,753,816 FTE 0 0 10 Not Allocated to Organizational Unit or Program 0 0 379,896 FTE 0 0 0 Total Requirements 0 0 4,269,964 Total FTE 0 0 20 STATEMENT OF CHANGES IN ACTIVITIES and SOURCES OF FINANCING * None Permanent Rate Levy Local Option Levy Levy For General Obligation Bonds LONG TERM DEBT General Obligation Bonds Other Bonds Other Borrowings Total * fm dd le PROPERTY TAX LEVIES Rate or Amount Imposed 2017-2018 0 0 0 STATEMENT OF INDEBTEDNESS Estimated Debt Outstanding on July 1. $0 $0 $0 $0 f th fo t lin ( ) th h Rate or Amount Imposed This Year 2018-2019 0 0 0 Rate or Amount Approved Next Year 2019-2020 0 0 0 Estimated Debt Authorized, But Not Incurred on July 1 $0 $0 $0 $0 d le bla k lin Published: June 12, 2019 The World & ONPA (ID-20347753)

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