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SPECIAL CITY COUNCIL MEETING AUG. 1, 2007 AT 6:30 P.M. AT THE IONA
COMMUNITY CENTER
PRESENT: Mayor Brad Andersen, City Clerk Betty McKinlay, Council members Steve
Elliott, Scott Long, Clip Holverson, and Dennis McArthur.
VISITORS: None
A special City Council Meeting was held to approve the tentative budget for 2007-2008
fiscal year.
The meeting was called to order by Mayor Andersen. There were some questions that
needed to be discussed with our Attorney Dale Storer before the tentative budget could be
approved. These questions were answered and this meeting was called to approve the
tentative budget so we can meet the publication deadline.
After some discussion, Council member Scott Long motioned to approve the tentative
budget and Council member Dennis McArthur seconded. Council member Clip
Holverson abstained because of lack of knowledge about the budget figures.
Council member Scott Long motioned to adjourn. Council member Steve Elliott
seconded. Time: 7:05
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CITY OF IONA
07-08 BUDGET WORKSHEET
06-07 BUDGET
07-08 PROPOSED
NOTES
WATER REVENUE
COLLECTIONS
$ 140,000.00
$ 140,000.00
HOOK UP FEES
$ 36,000.00
$ 36,000.00
INTEREST
$ 3,500.00
$ 4,000.00
FUND BALANCE
$ 40,000.00
$ 50,000.00
GRANT
WATER RESERVE
$ 40,000.00
$ 40,000.00
.�. -
WATER BOND
$ 2,500,000.00
TOTAL WATER REVENUE
$ 259,500.00
$ 2,770,000.00
WATER EXPENSE
ELECTRICITY
$ 30,000.00
$ 28,000.00
SALARIES
$ 26,000.00
$ 30,000.00
OFFICE SUPPLIES
$ 7,000.00
$ 7,000.00
VEHICLE REPLACEMENT
$ 5,000.00
$ 7,000.00
MAINTENANCE
$ 30,000.00
$ 30,000.00
CAPITOL IMPROVEMENTS
$ 75,132.00
$ 61,632.00
ENGINEERING COSTS
$ 5,000.00
$ 15,000.00
BOND PAYMENT
$ 28,107.00
$ 29,928.00
BOND INTEREST
$ 3,261.00
$ 1,440.00
TANK REPLACEMENT FUND
$ 50,000.00
$ 60,000.00
WATER SYSTEM UPDATE
$ 2,500,000.00
TOTAL WATER EXPENSE
$ 259,500.00
$ 2,770,000.00
0
06-07 BUDGET
07-08 PROPOSED
NOTES
GENERAL REVENUE
STATE HIGHWAY USERS
$ 47,000.00
$ 49,000.00
STATE REVENUE SHARE
$ 42,000.00
$ 44,000.00
STATE LIQUOR TAX
$ 16,000.00
$ 20,000.00
BEER & DOG LICENSE
$ 100.00
$ 200.00
COURT REVENUE
$ 1,000.00
$ 1,200.00
INTEREST
$ 4,000.00
$ 4,500.00
CABLE TV FRANCHISE
$ 3,400.00
$ 3,600.00
NATURAL GAS FRANCHISE
$ 7,000.00
$ 9,200.00
POWER FRANCHISE
$ 10,500.00
$ 11,000.00
PROPERTY TAX
$ 128,000.00
$ 132,000.00
BUILDING RENT
$ 5,000.00
$ 5,000.00
MISC
$ 5,000.00
$ 5,000.00
GRANTS
$ 10,000.00
$ 20,000.00
FUND BALANCE
$ 10,000.00
$ 10,000.00
BUILDING INSPECTION FEES
$ 21,600.00
TOTAL GENERAL REVENUE
$ 289,000.00
$ 336,300.00
GENERAL EXPENSE
PAYROLL
$ 60,000.00
$ 66,000.00
RETIREMENT
$ 7,000.00
$ 8,000.00
HEALTH INSURANCE
$ 10,000.00
$ 25,000.00
PAYROLL TAXES
$ 8,500.00
$ 9,000.00
UTILITIES
$ 22,000.00
$ 22,000.00
OFFICE SUPPLIES
$ 7,000.00
$ 7,500.00
INSURANCE LIABILITY
$ 6,800.00
$ 7,000.00
LEGAL & AUDIT
$ 9,000.00
$ 9,000.00
POLICE
$ 37,500.00
$ 37,500.00
VEHICLE REPLACEMENT
$ 5,000.00
$ 5,000.00
CIVIL DEFENSE
$ 500.00
$ 500.00
ADVERTISING
$ 700.00
$ 1,500.00
LIBRARY
$ 5,000.00
$ 3,000.00
MAINTENANCE
$ 52,725.00
$ 69,000.00
CAPITOL IMPROVEMENTS
$ 47,000.00
$ 43,300.00
MISC
$ 6,775.00
$ 8,000.00
TRAVEL
$ 3,500.00
$ 6,000.00
BUILDING INSPECTIONS
$ 9,000.00
TOTAL GENERAL EXPENSE
$ 289,000.00
$ 336,300.00
0
06-07 BUDGET
07-08 PROPOSED
NOTES
EQUIP REPL FUND REV
EQUIP RENT WATER
$ 5,000.00
$ 5,000.00
EQUIP RENT GENERAL
$ 5,000.00
$ 5,000.00
WT EQUIP BALANCE
$ 28,571.00
$ 33,571.00
GEN EQUIP BALANCE
$ 30,071.00
$ 35,071.00
TOTAL EQUIP REPL FUND
$ 68,642.00
$ 78,642.00
EQUIP REPL EXPENSE
EQUIP REPL WATER
$ 5,000.00
$ 38,571.00
EQUIP REPL GENERAL
$ 5,000.00
$ 40,071.00
EQUIPMENT RESERVES
$ 58,642.00
TOTAL EQUIP REPL FUND
$ 68,642.00
$ 78,642.00
06-07 BUDGET
07-08 PROPOSED
NOTES
RECREATION REVENUE
BASEBALL FEES
$ 5,500.00
$ 10,000.00
SHELTER RENT
$ 600.00
$ 500.00
WESTERN BOYS FEES
$ -
$ 300.00
FUND BALANCE
$ 650.00
TOTAL RECREATION REVENUE
$ 6,750.00
$ 10,800.00
RECREATION EXPENSE
EQUIPMENT
$ 1,000.00
$ 1,000.00
RECREATION LABOR
$ 2,500.00
$ 3,000.00
BASEBALL SUPPLIES
$ 3,000.00
$ 4,000.00
MAINTENANCE
$ 250.00
$ 2,800.00
TOTAL RECREATION EXPENSE
$ 6,750.00
$ 10,800.00
NOTICE OF SPECIAL MEETING
NOTICE IS HEREBY GIVEN, that the City Council of the City of Iona will convene a
special meeting of the City Council on Aug. 1st, 2007 at the hour of 6:30 p.m. at the City
Council chambers, Iona Community Center, 3548 North Main Street, Iona, Idaho. The
purpose of the meeting is to approve the tentative budget for the year 2007-2008.
DATED this 1 st day of Aug., 2007.
Betty Mcay
Iona City erk