BE IT RESOLVED that the Board of Directors of the City of Sodaville hereby adopts the budget for fiscal year 2015-2016 in the total amount of $324,019.35. *
This budget is now on file at Sodaville City Hall, 30723 Sodaville Road in Lebanon, Oregon.
BE IT RESOLVED that the amounts shown below are hereby appropriated for the fiscal year beginning July 1, 2015 for the following purposes:
Personal Services $25,010.00
Material & Services $11,600.00
Capital Outlay $108,890.00
Debt Service $ -
3% GASB RESERVE $5,110.00
Contingency $5,615.00
Total General Fund Appropriation $156,225.00
Debt Service
Debt Service $13,094.00
Total $13,094.00
STREET FUND
Personal Service $28,000.00
Material & Services $15,300.00
Capital Outlay $ -
3% GASB RESERVE $1,561.62
Contingency $8162.00
Total $53,053.62
Personnel Services $50,850.00
Material & Services $45,400.00
Contingency $1,954.51
3% GASB RESERVE $3,442.22
Total Water Enterprise Fund Appropriations. $114,740.73
Total APPROPRIATIONS, All Funds $324,019.35
Total Unappropriated and Reserve Amounts, All Funds 0 *
TOTAL ADOPTED BUDGET $324,019.35
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 2015-2016
In the amouth [sic] of $_____ OR athe [sic] the rate of $0.4552/$1,000
In the amount of $_____ OR at the rate of $_____ per $1000 of assessed value for local option tax; and
In the amount of $_____ for debt service on general obligation bonds;
BE IT RESOLVED that the taxes imposed are hereby categorized for purposes of Article XI section 11b as:
Permanent Rate Tax $_____ OR $_____ 0.4552/$1000
Local Option Tax $_____ OR $_____/$1000
General Obligation Bond Debt Service $_____
The above resolution statements were approved and declared adopted on June 18, 2015