23-05 Adopting the Budget
Resolution 23-05: Adopting the Budget
BE IT RESOLVED that the City Council of the City of Sodaville hereby adopts the budget for fiscal year 2023-2024 in the total amount of $406,750.00. The 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, 2023, for the following purposes:
General Fund
Personnel Services $112,600.00
Materials & Services $154,700.00
Capital Outlay $68,300.00
Debt Service $2,800.00
3% GASB Reserve $12,250.00
Contingency $6,350.00
TOTAL $357,000.00
Total APPROPRIATIONS, All Funds: $357,000.00
Total Unappropriated and Reserve Amounts, All Funds: $49,750.00
TOTAL ADOPTED BUDGET: $406,750.00
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 2023-2024
In the amount of $__________ OR at the rate of $0.4552/$1,000
In the amount of $__________ OR at the rate of $__________ per $1,000 of assessed value for local option tax; and
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 VI section 11b as:
Subject to the General Government Limitation
Permanent Rate Tax $__________ OR $__________ 0.4552/$1,000
Local Option Tax $__________ OR $__________/$1,000
Excluded from Limitation
General Obligation Bond Debt Service $__________