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RESOLUTION 17-04
RESOLUTION 17-04
ADOPTING THE BUDGET
ADOPTING THE BUDGET
BE IT RESOLVED that the Board of Directors of the City of Sodaville hereby adopts the budget for fiscal year 2017-2018 in the total amount of $1,284,627.06 *
This budget is now on file at Sodaville City Hall, 30723 Sodaville Road in Lebanon, Oregon.
MAKING APPROPRIATIONS
MAKING APPROPRIATIONS
BE IT RESOLVED that the amounts shown below are hereby appropriated for the fiscal year beginning July 1, 2016 [sic] for the following purposes:
General Fund
General Fund
Personnel Services $21,185.00
Materials & Services $8,850.00
Capital Outlay $273,460.42
Debt Service $-
3% GASB Reserve $9,425.52
Contingency $1,263.08
Total $314,184.02
Street Fund
Street Fund
Personnel Services $30,000.00
Materials & Services $14,600.00
Capital Outlay $50,000.00
3% GASB Reserve $3,439.14
Contingency $16,598.86
Total $114,638.00
Water Fund
Water Fund
Personnel Services $70,100.00
Materials & Services $67,500.00
Capital Outlay $670,000.00
3% GASB Reserve $4,975.15
Contingency $30,606.78
Debt Service $12,623.07
Total $855,805.00
Total APPROPRIATIONS, All Funds $1,284,627.02
Total Unappropriated and Reserve Amounts, All Funds 0 *
TOTAL ADOPTED BUDGET $1,284,627.02
Imposing the Tax
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 2017-2018:
In the amouth [sic] of $_____ OR at 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;
GORIZING THE TAX [sic]
GORIZING THE TAX [sic]
BE IT RESOLVED that the taxes imposed are hereby categorized for purposes of Article XI section 11b as:
Subject to the General Government Limitation
Subject to the General Government Limitation
Permanent Rate Tax $_____ OR $_____ 0.4552/$1000
Local Option Tax $_____ OR $_____/$1000
Excluded from Limitation
Excluded from Limitation
General Obligation Bond Debt Service $_____
The above resolution statements were approved and declared adopted on June 15, 2017
Passed by the Council this 15 day of June, 2017.
Passed by the Council this 15 day of June, 2017.
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