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0075 Annual Appropriation 1968 ORDINANCE NO. 75 AN ORDINANCE OF THE CITY OF CHUBBUCK, BANNOCK COUNTY, IDAHO APPROPRIATING THE SEVERAL SUMD OF MONEY DEEMED NECESSARY AND SUFFICIENT TO DEFRAY ALL EXPENSES AND LIABILITIES OF THE CITY OF CHUBBUCK FOR THE FISCAL YEAR BEGINNING ON THE tat DAY OF JANUARY, 1968) AND ENDING ON THE 31st DAY OF DEER, 1968, AND DESIGNATING THE DIFFERENT FUNDS TO WHICH THE REVENUES RECEIVED DURING SAID FISCAL YEAR SHALL BE CREDITED AND FROM 'WHICH EXPENSES SHALL BE DRA14N AND PAID, AND KNOWN AS THE "ANNUAL APPROPRIATION ORDINANCE OF 1968.11 BE IT ORDAINED By the Mayor and Council of the City of Chubbuck, Banncok County, Idaho: Section 11: That the following funds are hereby designated as the proper funds into wki.ch all revenues accruing to the City of Chubbuck from all sources shall be paid during the fiscal year beginning on the 1st day of January, 1968 and ending on the 31st day of December, 1968: General Fund Revenue Bond Interest Fund Revenue Bond Sinking Fund General Bond Interest Fund General Bond Sinking Fund Section 2: Thta the following sums of money are hereby appropriated from the General Fund for the payment of all general expenses of the City of Chubbuck during aforesaid fiscal year: For Maintenance of City Streets -------------------------------$ 18,852910 For Street Lighting -------------------------------------------$ 4,000.00 Far All Salaries and Wages ------------------------------------$ 27,200.00 For Operation and Maintenance of City Waterworks System, including extensions thereto ----------------------------------$ 45,475, 00 For City Fire Dept- -------------------------------------------$ 81000„00 For all other miscellaneous & contingent purposes ------------$ 30,779.00 Total ----------$ 134.036,.10 Section 3: For the purpose of the payment of the interest accruing and payment of the principal falling due on the Waterworks System Revenue Bonds of 1951 , during the aforesaid fiscal year, there is hereby appropriated out of the income from the water rentals, the following sums for the following purposes: For the payment of interest on said Bonds -----------------------$ 920.00 For the payment on principal on said Bonds ----------------------$4,000,00 For the payment on the principal and interest on the Whitaker Road hxtension Contract of 1959 8-----------------------$ 255.00 All revenue accruing from the operation of the Municiapl Waterworks System, in excess of the money required for payments on the revenue bonds, shall accrue to the General Fund, and be used for General Purposes as appropriated and set out in Section 2 of this Ordinance. Section 4: For the purpose of meeting all other liabilities of the City of Chubbuck for the aforesaid fiscal year, all money accruing to the General Bond Sinking Fund, or so much thereof as may be necessary, is hereby appropriated from said funds to be used for the following purposes: For payment of .interest on the General Obligation Waterworks Bonds of 1957 ---------------------------------------------------$ 652.50 For the payment on the principal of the General Obligation Waterworks Bonds of 1957 ----------------------------------------$ 2,000.00 Section 5: That all Ordinances, Resolutions, or parts thereof, in conflict herewith, are expressly repealed, and this Ordinance shall be in full force and effect from and after its passage, approval, and publication, as required by law, and shall be known as the "Annual Appropriation Bill of 1968.1' PASSED AND APPROVED THIS 12th OF MARCH, 1968 Boyd 11V Twiggs - Mayor ATTEST: Geneva D Valenty - City Clerk (City Seal) 1 CITY OF CHUBBUCK, IDAHO ESTIMATE OF EXPENSES BE IT RESOLVED, by the Mayor and Council of the City of Chubbuck, Bannock unty, Idaho that the following estimate of the probable amount of money necessary for all purposes to be raised by the City of Chubbuck for the fiscal ear commencing on the 1st day of January, 1965 and ending on the 31st day of ecember, 1965, including money for the patment of the principal and interest falling due on the bonded debt and all sinking fund requirements, be and hereby is accepted by the Mayor and Council of the City of Chubbuck and entered at length upon the minutes of the said Council and published in the official newspaper of said City as required by law, to-wit: enese Payable Out Of The General Fund For maintenance of City Streets -------------------------------$ 150552,10 For Street Lighting --------------------------------------------$ 4,000*00 or All Salaries and Wages -------------------------------------$ 27,200,840 For operation and maintenance of City Waterworks System, including extensions thereto ---------------------------------------------$ 451475.00 For City Fire Dept, --------------------------------------------$ 51000,00 For all other miscellaneous & contingent purposes -------------4 30,779.00 Total ----------------$ 134,036.10 EXPENSES PAYABLE OUT OF SPECIAL LEVIES AND FUNDS For payment of interest on the General Obligation Waterworks Bonds (',f 1957 ------_...-----------------------------------------$ 652.50 For payment of interest on the Waterworks System Revenue Bonds of 1951 ------------------------------------------------$ 920.40 For payment on the principal of the General Obligation Waterworks Bonds of 1957 --------------------------------------$ 21000.00 For payment on the principal of the Waterworks System Revenue Bonds of 1951 -----------------------------------------$ 4,000.00 For payment on the principal and interest on the Whitaker Road Extension Contract of 1959 ----------------------------- 255.00 Total ---------$ 7,$27.50 That the entire cash revenue of the City of Chubbuck for the fiscal year ending on the 31st day of December, 1967 was $ 135,544.30 PASSED AND APPROVED THIS ' J) DAY OF FEBRUARY, 1968 �f. BoydTwiggs - Mayo L,TTEST: GENEVA D VALENTY Clerk ' -(City seal) a