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Finance - Budgets - Notice of Public Hearing Budget - 08/03/2006 NOTICE OF PUBLIC HEARING BUDGET FOR FISCALYEAR 2007 CITY OF EAGLE, IDAHO Notice is hereby given that the City Council of the City of Eagle, Idaho, will hold a public hearing for consideration of the proposed budget including general revenue sharing for the fiscal period October 1, 2006, to September 30, 2007, pursuant to the provisions of Section 50-1002, Idaho Code. Said hearing to be held at Eagle City Hall, 660 E. Civic Lane, Eagle, Idaho, at 5:30 p.m. on August 22, 2006. At said hearing, all interested persons may appear and show cause, if any they have why said proposed budget should not be adopted. PROPOSED EXPENDITURES The following is an estimate set forth in said proposed budget of the total proposed expenditures and accruing indebtedness of the City of Eagle, Idaho, for the fiscal period October 1, 2006, to September 30, 2007. FY 2005 FY 2006 FY 2007 FUND/OBJECT ACTUAL BUDGETED PROPOSED GENERAL FUND RESERVE FUND $0 $50,000 $0 RESERVE FUND - 1ST QUARTER EXPENDITURES 0 525,000 525,000 ID STATE TREASURER - DIVERSIFIED BOND FUND 0 0 250,000 LIBRARY RESERVE FUND 21,065 0 0 PERSONNEL 978,752 1,112,016 1,451,862 ADMINISTRATIVE DEPARTMENT 366,924 411,098 406,988 PUBLIC AFFAIRS/COMMUNITY RELATIONS 35,866 47,500 57,800 GRANTS 0 120,150 120,150 COMMUNITY FUNDS 0 0 104,500 CONTRACT & AGREEMENTS:1,466,229 2,044,202 2,211,703 PUBLIC WORKS DEPARTMENT 368,029 511,027 527,968 PARKS & PATHWAYS 333,358 735,500 1,314,761 CAPITAL OUTLAY 169,081 875,530 235,771 COMMUNITY PLANNINGPROJECTS 31,697 86,000 256,325 STRATEGIC ANNUAL GOALS 29,757 82,250 142,250 GENERAL FUND TOTAL $3,800,758 $6,600,273 $7,605,078 LIBRARY GEN OBLIGATION BOND FUND $234,850 $256,828 $253,000 LIBRARY FUND RESERVE FUND - 1st QUARTER EXPENDITURES $0 $160,000 $160,000 RESERVE FUND - AUTOMATION MIGRATION $0 $12,540 $0 PERSONNEL 503,999 560,732 659,938 OPERATIONS AND MAINTENANCE 48,855 231,156 266,529 CAPITAL OUTLAY 188,968 48,011 84,123 SPECIAL FUNDS 0 0 96,474 LIBRARY FUND TOTAL $741,822 $1,012,439 $1,267,064 WATER FUND PERSONNEL $0 $0 $86,224 OPERATIONS AND MAINTENANCE 342,988 408,768 426,476 CAPITAL OUTLAY 19,327 271,871 2,783,114 WATER FUND TOTAL $362,315 $680,639 $3,295,814 CAPITAL PROJECTS PARK FUND HILL ROAD PARK DEVELOPMENT $521,038 $1,026,475 $399,140 EAGEL SPORTS COMPLEX DEVELOPMENT 0 0 0 SYSTEM IMPROVEMENTS 0 107,496 0 $521,038 $1,133,971 $399,140 CULTURAL ARTS COMMISSION FUND PERSONNEL $0 $10,732 $13,998 ACTIVITIES 73,430 92,429 74,480 MISCELLANEOUS 0 0 32,854 ARTS EDUCATION 0 15,000 16,000 CAPITAL EXPENDITURES 4,123 3,000 2,500 CULTURAL ARTS COMMISSION FUND TOTAL $77,553 $121,161 $139,832 PROPOSED EXPENDITURES CON'T FY 2005 FY 2006 FY 2007 FUND/OBJECT ACTUAL BUDGETED PROPOSED HISTORIC COMMISSION FUND PERSONNEL $844 $10,953 $12,798 EDUCATION 0 1,000 4,254 EXHIBITS 35 6,000 6,500 PROGRAMS 1,312 3,000 10,700 ADMINISTRATIVE DEPARTMENT 4,301 5,012 5,621 GRANTS 0 5,000 3,500 CAPITAL OUTLAY 360 2,800 5,627 HISTORIC COMMISSION TOTAL $6,852 $33,765 $49,000 TOTAL EXPENDITURES ALL FUNDS $5,745,188 $9,839,076 $13,008,928 PROPOSED REVENUES The estimated revenue for the City of Eagle, Idaho, for the fiscal period October 1, 2006, to September 30, 2007, is: FY 2005 FY 2006 FY 2007 FUND/OBJECT ACTUAL BUDGETED PROPOSED GENERAL FUND CARRY OVER (PRIOR YEAR SAVINGS)$1,796,634 1,514,485 1,840,959 RESERVE FUND 50,000 50,000 0 RESERVE FUND 1ST QUARTER EXPENDITURES 525,000 525,000 525,000 PROPERTY TAX 686,077 770,196 912,859 OTHER TAX REVENUES 2,268 2,000 2,000 FRANCHISE FEES 387,633 488,000 733,500 LICENSES AND PERMITS 30,886 31,500 36,000 PERMITS AND FEES 2,431,313 1,675,640 2,025,549 COURT FINES AND FEES 59,819 61,000 66,000 INTERGOVERNMENTAL 1,059,449 1,163,067 1,211,841 CHARGES FOR SERVICES 8,453 6,500 6,500 DONATIONS 65 99,000 1,000 SPECIAL ASSESSMENTS 511 1,000 1,000 INVESTMENTS 48,263 35,000 90,000 SALE OF REAL PROPERTY 89,106 0 0 MISCELLANEOUS 30,209 4,135 4,120 GRANTS 1,933 120,150 120,150 PROGRAMS & RECREATION 30,036 53,600 28,600 GENERAL FUND TOTAL $7,237,655 $6,600,273 $7,605,078 LIBRARY GEN OBLIGATION BOND FUND CARRY OVER (PRIOR YEAR SAVING)$26,484 $25,896 $30,790 PROPERTY TAX REVENUE 235,854 229,732 220,210 STATE TREASURER INTEREST 1,441 1,200 2,000 BOND FUND TOTAL $263,779 $256,828 $253,000 LIBRARY FUND RESERVE FUND $160,000 $160,000 $160,000 CARRY OVER (PRIOR YEAR SAVING)77,902 11,701 123,384 BOISE LIBRARY REIMBURSEMENT 39,000 60,000 60,000 RESERVE FUND-AUTOMATION MIGRATION 12,540 12,540 0 TRANS FROM GENERAL FUND 21,065 0 0 DONATIONS 6,340 0 2,000 PROPERTY TAX REVENUE 656,752 732,698 869,930 OTHER REVENUE 40,657 35,500 51,750 LIBRARY FUND TOTAL $1,014,256 $1,012,439 $1,267,064 PROPOSED REVENUES CON'T FY 2005 FY 2006 FY 2007 FUND/OBJECT ACTUAL BUDGETED PROPOSED WATER FUND CARRY OVER (PRIOR YEAR SAVING)$121,366 $141,117 $129,844 DEQ LOAN FUNDS 0 0 2,590,000 OTHER REVENUE 429,387 539,522 575,970 WATER FUND TOTAL $550,753 $680,639 $3,295,814 CAPITAL PROJECTS PARK FUND CARRY OVER (PRIOR YEAR SAVING)$380,248 $337,471 $0 OTHER REVENUE 665,221 796,500 399,140 CAPITAL PROJECTS PARK FUND TOTAL $1,045,469 $1,133,971 $399,140 CULTURAL ARTS COMMISSION FUND CARRY OVER (PRIOR YEAR SAVING)$43,085 $34,161 $46,347 OTHER REVENUE 101,185 87,000 93,485 CULTURAL ARTS COMMISSION TOTAL $144,270 $121,161 $139,832 HISTORICAL COMMISSION FUND CARRY OVER (PRIOR YEAR SAVING)$1,730 $5,265 $0 OTHER REVENUE 9,072 28,500 49,000 HISTORICAL COMMISSION FUND TOTAL $10,802 $33,765 $49,000 TOTAL REVENUE ALL FUNDS $10,266,984 $9,839,076 $13,008,928 I, Sharon K. Bergmann, City Clerk/Treasurer of the City of Eagle, Idaho, do hereby certify that the above is a true and correct statement of the proposed expenditures and revenues for fiscal year 2006, all of which have been tentatively approved and entered at length in the Journal of Proceedings. A copy of the proposed City Budget in detail is available at City Hall for inspection during regular office hours, 8:00 a.m. to 5:00 p.m. DATED THIS 3rd day of August, 2006. Sharon K. Bergmann City Clerk/Treasurer Publication Dates: August 8, 2006 and August 15, 2006