RESOLUTION 14-07

ADOPTING THE BUDGET

BE IT RESOLVED that the Board of Directors of the City of Sodaville hereby adopts the budget for fiscal year 2014-2015 in the total amount of $271,122. *

This budget is now on file at Sodaville City Hall, 30723 Sodaville Road in Lebanon, Oregon.

MAKING APPROPRIATIONS

BE IT RESOLVED that the amounts shown below are hereby appropriated for the fiscal year beginning July 1, 2014 for the following purposes:

GENERAL FUND

Personal Services $23,010

Material & Services $12,100

Capital Outlay $8,100

Debt Service 0

Transfers 0

Contingency $5,250

Total General Fund Appropriation $48,460.00

Debt Service

Debt Service 6,168

Total $6,168

Emergency 911 Services Fund

Materials & Services 1,500

Total $1,500

STREET FUND

Personal Service 23,000.00

Material & Services 15,300.00

Capital Outlay 0

Contingency 2,825

Total $41,125

WATER ENTERPRISE FUND

Personnel Services 54,250

Material & Services 102,130

Capitol Outlay 0

Contingency 18,809

Total $174,469

Total APPROPRIATIONS, All Funds $271,772

Total Unappropriated and Reserve Amounts, All Funds 0 *

TOTAL ADOPTED BUDGET $271,722

Imposing the Tax

BE IT RESOLVED that the following ad valorem property taxes are hereby imposed upon the assessed value of all taxable property within the district for tax year 2014-2015

1. In the amount [sic] of $_____ OR at the rate of $0.4552/$1,000

2. In the amount of $_____ OR at the rate of $_____ per $1000 of assessed value for local option tax; and

3. In the amount of $_____ for debt service on general obligation bonds;

CATEGORIZING THE TAX

BE IT RESOLVED that the taxes imposed are hereby categorized for purposes of Article XI section 11b as:

Subject to the General Government Limitation

Permanent Rate Tax $_____ OR $_____ 0.4552/$1000

Local Option Tax $_____ OR $_____/$1000

Excluded from Limitation

General Obligation Bond Debt Service $_____

The above resolution statements were approved and declared adopted on June 19, 2014.

Passed by the Council this 19 day of June, 2014.