HomeMy WebLinkAboutItem #1 Appropriations OrdinanceMemo
City of Chubbuck
290 E Linden Avenue, Chubbuck, ID 83202
208.237.2400 — Fax 208.238.2371
www.CityofChubbuck.us
To: Kevin England, Roger Hernandez, Norman Reece, Dan Heiner, Melanie Evans
From: Rich Morgan, City Treasurer
Date: 8/10/2022
Re: FY2023 Budget Ordinance
Included with this memo are the appropriations ordinance for FY23, a resolution to use foregone
amount and a resolution to reserve foregone amount
The ordinance is prepared with the numbers from the published budget for the general, highway
streets and roads, water and sanitation funds. The budget for wastewater has been adjusted as
presented in the special meeting Tuesday August 9, 2022. Any of the budgets may be adjusted,
as discussed in previous meetings, before passage.
The resolution to use foregone has been prepared with the amount proposed in the published
budget
The resolution to reserve foregone amount has been prepared with the number $XXX,XXX This
number would be anything from $0 to $200,146 and represent the amount the council does not
use of the available 3% increase allowed on the previous year's property tax budget.
I am working on the requests made for additional information and will get them to the council as
soon as available.
CITY OF CHUBBUCK
ORDINANCE XXX
AN ORDINANCE OF THE CITY OF CHUBBUCK, BANNOCK COUNTY, IDAHO APPROPRIATING THE SEVERAL
SUMS OF MONEY DEEMED NECESSARY AND SUFFICIENT TO DEFRAY ALL EXPENSES AND LIABILITIES OF
THE CITY OF CHUBBUCK FOR THE FISCAL YEAR BEGINNING ON THE 1ST DAY OF OCTOBER, 2022, AND
ENDING ON THE 30TH DAY OF SEPTEMBER, 2023, AND DESIGNATING THE DIFFERENT FUNDS TO WHICH
SHALL BE DRAWN AND PAID, AND KNOWN AS THE "ANNUAL APPROPRIATION ORDINANCE OF FISCAL
YEAR 2023" PURSUANTTO THE PROVISIONS OF SECITON 50-1003, IDAHO CODE, PROVIDING FOR THIS
ORDINACE TO TAKE EFFECT AFTER ITS PASSAGE, APPROVAL AND PUBLICATION ACCORDING TO LAW.
NOW THEREFORE, BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF CHUBBUCK, A
MUNICIPAL CORPPORATION OF IDAHO AS FOLLOWS:
Section 1: That the following funds are designated as the proper funds into which all revenues
accruing to the City of Chubbuck from all sources shall be paid during the fiscal year beginning on the 1st
day of October 2022 and ending on the 30' day of September 2023. The General Fund, Highway Streets
and Roads Fund, Water Fund, Wastewater Fund, and Sanitation Fund.
Section 2: That the following sums of money are hereby appropriated from the General Fund
and the Highway Streets and Roads Fund for the payment of all Fund expenses of the City of Chubbuck
during aforesaid fiscal year: General Fund: $8,638,894
Highway Streets and Roads Fund: $2,300,000
Section 3: That the following sums of money are hereby appropriated from the Water Fund,
Wastewater Fund and Sanitation Fund for the payment of all Water, Wastewater and Sanitation
expenses of the City of Chubbuck during aforesaid fiscal year: Water Fund: $4,701,300
Wastewater: $3,673,000
Sanitation: $2,442,900
Section 4: That all ordinances, resolutions or parts thereof, in conflict herewith are expressly
repealed: That the rule requiring ordinances to be read on three separate occasions is hereby dispensed
with, and this ordinance shall become effective upon its approval and publication as provided by law.
PASSED AND APPROVED BY THE MAYOR AND COUNCIL OF THE CITY OF CHUBBUCK, IDAHO, THIS XX DAY
OF XXXXXX 2022.
CITY OF CHUBBUCK
MUNICIPAL CORPORATION OF IDAHO
Kevin England, Mayor Joseph Bowers, City Clerk.
City of Chubbuck - Property Tax - FY2023
Description
Al
A2
A
B
C
D
30/6+4%
3%+1%
3%
2%
1%
0%
Highest Non -Exempt Property Tax Budget from the last 3 years
6,753,324
6,753,324
6,753,324
6,753,324
6,753,324
6,753,324
3% Base Budget Growth
202,600
202,600
202,600
135,066
67,533
New Construction Roll
207,228
207,228
207,228
207,228
207,228
207,228
Annexation
2,547
2,547
2,547
2,547
2,547
2,547
SubTotal Budget Growth
7,165,699
7,165,699
7,165,699
7,098,165
7,030,632
6,963,099
Personal Property Replacement
(81,774)
(81,774)
(81,774)
(81,774)
(81,774)
(81,774)
Foregone for M&O
71,657
71,657
0
0
0
0
Foregone for Capital159,312
159,312
0
0
0
0
0
7,314,894
7,155,582
7,083,925
7,016,391
6,948,858
6,881,325
Maximum non exempt property tax budget including forgone
561,570
402,258
330,601
263,067
195,534
128,001
Total Increase and New Taxes
Description
Al
A2
A3
B
C
D
MAX
3%+l%
3%
2%
1%
0%
Highest Non -Exempt Property Tax Budget from the last 3 years
6,753,324
6,753,324
6,753,324
6,753,324
6,753,324
6,753,324
3% Base Budget Growth
202,600
202,600
202,600
135,066
67,533
New Construction Roll
0
0
0
0
0
0
Annexation
0
0
0
0
0
0
SubTotal Budget Growth
6,955,924
6,955,924
6,955,924
6,888,390
6,820,857
6,753,324
Personal Property Replacement
0
0
0
0
0
0
Foregone for M&O
71,657
71,657
0
0
0
0
Foregone for Capital
159,312
0
0
00
0
7,186,893
7,027,581
6,955,924
6,888,390
6,820,857
6,753,324
Maximum non exempt property tax budget including forgone
433,569
274,257
202,600
135,066
67,533
0
Total Increase Taxes
Net Taxable Valuation City
Change in Levy
100,000 in value
Annual Change in City Property Tax
Monthly Change in City Property Tax
433,569
818,961,774
0.000529413
100,000
53
4.41
274,257
818,961,774
0.000334883
100,000
33
2.79
202,600
818,961,774
0.000247386
100,000
25
2.06
135,066 67,533 0
818,961,774 818,961,774 818,961,774
0.000164924 0.000082462 0.000000000
100,000 100,000 100,000
16 8 0
1.37 0.69 0.00