NOTICE OF BUDGET HEARING


A public meeting of the Irrigon City Council will be held on June 20, 2017 at 6:00 pm at 500 NE Main Ave., Irrigon, Oregon. The purpose of this meeting is to discuss the budget for the fiscal year beginning July 1, 2017 as approved by the Irrigon Budget Committee and on the proposed use of State Revenue Sharing funds in relation to the entire budget. A summary of the budget is presented below. A copy of the budget may be inspected or obtained at Irrigon City Hall 500 NE Main Ave., Irrigon, Oregon, between the hours of 8:00 a.m. and 5:00 p.m.   This budget is for an annual budget period. This budget was prepared on a basis of accounting that is the same as used in the preceding year.
Contact:     Amanda Ferguson Telephone:     (541) 922-3047 Email:   finance@ci.irrigon.or.us
FINANCIAL SUMMARY – RESOURCES
TOTAL OF ALL FUNDS

Actual Amount

Adopted Budget

Approved Budget

 

2015-2016

This Year 2016-2017 Next Year 2017-2018
Beginning Fund Balance/Net Working Capital

1,245,195

1,495,100

1,832,700

Fees, Licenses, Permits, Fines, Assessments & Other Service Charges

1,236,602

1,538,500

1,566,905

Federal, State and All Other Grants, Gifts, Allocations and Donations

304,626

319,800

3,875,900

Revenue from Bonds and Other Debt

0

0

0

Interfund Transfers / Internal Service Reimbursements

284,173

281,900

320,700

All Other Resources Except Property Taxes

37,757

13,863

27,900

Property Taxes Estimated to be Received

405,678

403,647

411,600

     Total Resources

3,514,031

4,052,810

8,035,705

 
FINANCIAL SUMMARY – REQUIREMENTS BY OBJECT CLASSIFICATION
Personnel Services

722,964

955,700

1,030,900

Materials and Services

428,999

1,153,900

1,251,200

Capital Outlay

50,187

711,263

4,364,005

Debt Service

470,621

482,559

481,007

Interfund Transfers

284,173

281,900

320,800

Contingencies

0

24,800

60,600

Unappropriated Ending Balance and Reserved for Future Expenditure

1,557,087

442,688

527,193

     Total Requirements

3,514,031

4,052,810

8,035,705

 
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
Street

213,558

289,300

311,700

     FTE

1

1

1

Water

1,150,512

1,262,363

1,343,405

     FTE

2

2

2

Sewer

1,293,892

1,506,047

5,092,000

  FTE

2

2

2

Non-Departmental / Non-Program

856,069

995,100

1,288,600

     FTE

3

3

3

     Total Requirements

3,514,031

4,052,810

8,035,705

             Total FTE

8

8

8

 
PROPERTY TAX LEVIES
Rate or Amount Imposed Rate or Amount Imposed Rate or Amount Approved
Permanent Rate Levy     (rate limit 3.6782 per $1,000)

3.6782

3.6782

3.6782

Local Option Levy

0

0

0

Levy For General Obligation Bonds

230,883

230,883

230,883

STATEMENT OF INDEBTEDNESS
LONG TERM DEBT Estimated Debt Outstanding Estimated Debt Authorized, But
on July 1. Not Incurred on July 1
General Obligation Bonds

3,800,000

0

Other Bonds

2,789,860

0

     Total

6,589,860

0