HomeMy Public PortalAboutORD 90_Annual Appropriations FY04_08202003ORDINANCE NO.
AN ORDINANCE ENTITLED THE ANNUAL APPROPRIATION ORDINANCE FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 2003, APPROPRIATING THE SUM OF $623,706 TO DEFRAY
EXPENSES AND LIABILITIES OF THE CITY OF IONA FOR SAID FISCAL YEAR, AUTHORIZING
A LEVY OF A SUFFICIENT TAX UPON THE TAXABLE PROPERTY AND SPECIFYING THE
OBJECTS AND PURPOSE FOR WHICH SAID APPROPRIATION IS MADE.
BE IT ORDAINED by the Mayor and City Council of the City of Iona, Bonneville County, Idaho.
Section 1: That the sum of $623,706 be, and the same is appropriated to defray the necessary expenses and
liabilities of the City of Iona, Bonneville County, Idaho for the fiscal year beginning October 1, 2003.
Section 2: The objects and purposes for which such appropriation is made, and the amount of each object
and purpose is as follows:
ESTIMATED EXPENDITURES:
GENERAL FUND AND STREETS:
General Administration $ 159,500.00
Grants $ 170,000.00
Capital Outlay and Maintenance $ 64,290.00
Equipment Replacement $ 58,642.00
WATER FUND:
Administration $ 64,000.00
Capital Outlay and Maintenance $ 68,374.00
Bond and Interest Payment $ 32,000.00
RECREATION:
Administration $ 6,900.00
TOTAL EXPENSES: $ 623,706.00
Section 3: That a general tax levy on all taxable property within the City of Iona be levied in an amount
allowed by law for the general purposes for the said City, for the fiscal year beginning October 1, 2003.
Section 4: All ordinances and parts of ordinances in conflict with this ordinance are hereby repealed.
Section 5: This ordinance shall be in full force and effect from and after its passage, execution and
publication in the manner required by law.
PASSED BY THE
Craig Rockwo• •, ayor
ND APPROVE MAYOR THIS 20th DAY OF AUGUST, 2003
STATE OF IDAHO )
ss
COUNTY OF BONNEVILLE )
I, Betty McKinlay, City Clerk of the City of Iona, Idaho do hereby certify: That the above and
foregoing is a full and correct copy of the Ordinance entitled "AN ORDINANCE PROVIDING FOR THE
FISCAL PERIOD APPROPRIATION OF THE CITY OF IONA, IDAHO FOR THE PERIOD
COMMENCING OCTOBER 1, 2003 AND ENDING SEPTEMBER 30, 2004; APPROPRIATING AND
APPORTIONING THE MONEYS OF SAID CITY TO AND AMONG THE SEVERAL FUNDS OF THE
SAID CITY AND DESIGNATING THE PURPOSE FOR WHICH SAID MONEYS MAY BE
EXPENDED; SPECIFYING THE AMOUNT OF MONEY PAID BY PROPERTY TAX; PROVIDING
WHEN THE ORDINANCE SHALL BECOME EFFECTIVE:" passed by the City Council and Approved
by the Mayor this 20th day of August, 2003.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said City.
(seal)
R- _-(l3 P.:17AM;IVIA'YOF.
; �2a5580
NOTICE OF PUBLIC HEARING
PROPOSED BUDGET FOR FISCAL YEAR 2003-2004
CITY OF IONA, IDAHO
Notice is hereby given that the City Council of the City of lona, Idaho will hold a public hearing for consideration of
the proposed budget for the fiscal period October I, 2003 - September 30, 2004 pursuant to the provisions of Section
50-1002, IC., said hearing to be held at City Hall, Iona, Idaho at 6:30 p.m., on August 20, 2003. At said hearing all
interested persons may appear and show cause, if any they have, why said proposed budget should not be adopted. The
proposed FY 03-04 budget is shown below as FY 03-04 proposed expenditures and revenues.
PROPOSED EXPENDITURES
FY 01-02 FY 02-03 FY 03.04
Actual Budget Proposed
Fund Name Expenditures Expenditures Expenditures
GENERAL $395,806 $384,150 $393,790
WATER 115,268 153,194 164,374
EQUIPMENT REPLACEMENT 0 48,642 58,642
RECREATION 4,667 6,900 6,900
TOTAL PROPOSED EXPENSE 515,741 592,886 623,706
PROPOSED REVENUES
FY 01-02 FY 02-03 FY 03-04
Actual Budget Proposed
Fund Name Revenues Revenues Revenues
REVENUE FROM TAX LEVY
GENERAL 97,954 98,000 105,140
TOTAL TAX LEVY 97,954 98,000 105,140
PAYMENTS FROM STATE 99,504 89500 92,000
FRANCHISES 20,627 18,400 17,800
LICENSES 157 150 150
GRANTS 160,250 170,000 170,000
CASH CARRYOVER 0 38,642 48,642
GENERAL FUND (OTHER) 7,187 8,100 8,700
EQUIPMENT REPLACEMENT FD 0 10,000 10,000
WATER FUND 120,590 153,194 164,374
RECREATION FD 5,310 6,900 6,900
TOTAL REVENUES $511,579 S582,886 $623,706
1, Betty McKinlay, City Clerk of the City of Iona, Idaho certify that the above is a true and correct statement of the
proposed expenditures by fund and the entire estimated revenues and other sources of the City of lona, Idaho for the
fiscal year 2003-2004; all of which have been tentatively approved by the City Council on July 16, 2003 and entered in
length in the Journal of Proceedings.
Dated this 29's day of July 2003.
Betty McKinlay, City Clerk
Pub. August 12th and August 19th, 2003