RESOLUTION 18-04

ADOPTING THE BUDGET

BE IT RESOLVED that the Board of Directors of the City of Sodaville hereby adopts the budget for fiscal year 2018-2019 in the total amount of $1,635,733.06 *

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, 2016 [sic] for the following purposes:

General Fund

Personnel Services $22185.00

Materials & Services $9,100.00

Capital Outlay $276,460.42

Debt Service $-

3% GASB Reserve $9,961.89

Contingency $14,355.69

Total $332,063.00

Street Fund

Personnel Services $31,000.00

Materials & Services $15,550.00

Capital Outlay $50,800.00

3% GASB Reserve $3,257.05

Contingency $7,961.25

Total $108,568.30

Water Fund

Personnel Services $72,600.00

Materials & Services $46,900.00

Capital Outlay $1,016,866.00

3% GASB Reserve $35,853.05

Contingency $16,427.64

Debt Service $6,455.07

Total $1,195,101.76

Total APPROPRIATIONS, All Funds $1,635,733.06

Total Unappropriated and Reserve Amounts, All Funds 0 *

TOTAL ADOPTED BUDGET $1,635,733.06

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 2018-2019

1. In the amouth [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, 2018