HomeMy WebLinkAboutItem #5 FY25 BudgetNOTICE OF PUBLIC HEARING
PROPOSED BUDGET FOR FISCAL YEAR 2024-2025 (FY 2025)
CITY OF CHUBBUCK
A public hearing, pursuant to Idaho code 50-1002, will be held for consideration of the proposed budget for the fiscal year from October 1, 2024, to
September 30, 2025 and for the consideration of the proposed use or reserve of forgone property taxes for the fiscal year from October 1, 2024 to
September 30, 2025. The hearing will be held at Chubbuck City Council Chambers, 290 E Linden St, Chubbuck, Idaho at 6:OOpm on August 7, 2024. All
interested persons are invited to appear and show cause, if any, why such budget should or should not be adopted. Copies of the proposed City Budget
are available at Chubbuck City Hall during regular office hours. City Hall is accessible to person with disabilities. Anyone desiring accommodations for
disabilities related to the budget documents or to the public hearing please contact the City Clerk's Office, 237-2400 at least 48 hours prior to the public
hearing. The proposed FY25 budget is shown below as FY25 proposed expenditures and revenues.
PROPOSED REVENUE FY23 FY24 FY25
PROPOSED EXPENDITURES FY2023 FY2024 FY2025
Budget
Budget
Proposed
Fund Name
Revenues
Revenues
Revenues
Property Tax Levy
8,638,894
10,850,490
11,734,487
General Fund
5,883,814
7,787,821
7,436,854
Highway, Streets
945,540
1,201,406
1,138,656
Tort Claim Ins.
185,000
215,000
238,000
Total Property Tax Levy
7,014,354
9,204,227
8,813,510
Revenue Sources Other Than Property Taxes
21,756,094
28,275,290
27,875,937
General Fund
2,570,080
2,847,669
4,059,633
Highway, Streets & Roads
1,354,460
1,968,194
1,606,344
Water Fund
4,701,300
4,938,400
4,018,200
Wastewater Fund
3,673,000
6,364,000
6,333,800
Sanitation Fund
2,442,900
2,952,800
3,044,450
Grand Total All Funds
21,756,094
28,275,290
27,875,937
PROPOSED EXPENDITURES FY2023 FY2024 FY2025
The proposed expenditures and revenues for fiscal year 2024-2025 have been tentatively approved by the city council. Citizens are invited to attend the
budget hearing, August 7, 2024, 6:OOpm.
Rich Morgan, City Treasurer
Please Publish two times: July 30 and August 6, 2024
Budget
Budget
Proposed
Fund Name
Expenditures
Expenditures
Expenditures
General Fund
8,638,894
10,850,490
11,734,487
Highway, Streets & Roads
2,300,000
3,169,600
2,745,000
Water Fund
4,701,300
4,938,400
4,018,200
Wastewater Fund
3,673,000
6,364,000
6,333,800
Sanitation fund
2,442,900
2,952,800
3,044,450
Grand Total
21,756,094
28,275,290
27,875,937
The proposed expenditures and revenues for fiscal year 2024-2025 have been tentatively approved by the city council. Citizens are invited to attend the
budget hearing, August 7, 2024, 6:OOpm.
Rich Morgan, City Treasurer
Please Publish two times: July 30 and August 6, 2024
FY25 Proposed Budget
General Fund
Competative Compensation
3 Emergency Responders:
Emergency Responder
Emergency Responder
Emergency Responder
Battalion Chief
Battalion Chief
Battalion Chief
2 LE Officers/Evidence Tech:
Officer
Officer Equipment
Officer
Officer Equipment
Evidence Tech
Lease Vehicles
Special Repsonse Team
Legislative Donations
Liability Insurance
Facilities Maint Op
CS Operations
CS Implementation
CS Parks Op
CS Parks Capital Inv
CS Parks Deferred Maint
R
388,730
81,667
81,667
81,667
16,667
16,666
16,666
84,000
21,000 X
84,000
21,000 X
77,000
50,000
10,000
Current staff at Market
5,750 Total donations are $108,250
22,995 FY25 budget $237,995
27,000 $21,000 Janitorial, $1,000 Grounds, $3,000 HVAC
0
45,000 X The City's Comprehensive Plan
0
45,000 X Park Inventory
369,500 X Already presented as funded with reserves
Estimated Revenues
11,258,812
Estimated Expenses
11,552,553
Shortfall
(293,741)
Adjustments
CS OP
17,000
CS Implementatic
(15,000)
Cs Parks OP
41,000
Adjusted Shortfall
(250,741)
Reserve Funded
132,000
Shortfall
(118,741)
*X are one time expenses possibly funded out of reserves
City of Chubbuck
Operational/Capital Reserves
FY2025
Operational
Operational
Proposed
Available
Reserve
Capital
Reserve
Capital
Budget
Resourses
low
Available
High
Available
11,534,487
10 General
7,940,207
2,883,622
5,056,585
5,767,244
2,172,964
2,745,000
11 HSR
(2,310,284)
686,250
(2,996,534)
1,372,500
(3,682,784)
4,018,200
31 Water
6,375,002
1,004,550
5,370,452
2,009,100
4,365,902
6,333,800
32 Wastewater
10,927,393
1,583,450
9,343,943
3,166,900
7,760,493
3,044,450
33 Sanitation
2,290,338
761,113
1,529,226
1,522,225
768,113
City of Chubbuck
Reserves
10 General
11 Highway Streets and Roads
12 Fire Control Impact Fee
13 Law Enforcement Impact Fee
14 Parks Impact Fee
15 Parks Grants
20 Street Guarantee
22 Juvenile Referral
24 Court
25 Road Capital Projects
26 Parks Guarantee
27 Employee Wellness
30 City Garage
31 Water
32 Wastewater
33 Sanitation
34 Water Connection Fee
35 Sewer Connection Fee
36 Pocatello Treatment Cap Fee
40 Northwest Sewer Intercepter
41 Northwest Sewer Intercepter Service
50 Recreation Program
80 Long Term Liability
90 Fixed Asset