HomeMy WebLinkAboutHearing #1 Notice of Public Hearing (FY25 Budget)NOTICE 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