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Home My Public Portal AboutMinutes_CCMeeting_08172005CITY COUNCIL MEETING AUG. 17TH, 2005 AT 6:30 P.M. AT THE COMMUNITY CENTER PRESENT: Mayor — Craig Rockwood, Council members — Don Holverson, Brad Andersen, Dave Huntsman, Treasurer — Ron Nelson, Clerk — Betty McKinlay. Council member Scott Long asked to be excused. VISITORS: Paul and Judy Botero, Robin and Zach Prouse, Eric Scoresby, Randy and Diane Kofoed. Mayor Rockwood welcomed everyone and called the meeting to order. Council member Don Holverson led us in the pledge. Minutes from last month were approved. Council member Brad Andersen motioned and Council member Dave Huntsman seconded. All were in favor. The expense report was reviewed and approved. Council member Dave Huntsman motioned and Council member Don Holverson seconded. All were in favor. Paul Botero thanked the Council and Mayor for the Library sign printed on the door and the sign in the front of the building. Mr. Botero explained about the speeding problem on Olsen Ave. It is tremendous on his road and asked if something could be done. Judy Botero showed the Council a map of the Bonneville School Dist. and the amount kids that walk to school in Iona. Putting up a flashing light was discussed. Robin Prouse read a letter she had written in regards to the speeding on Olsen Ave. and the safety of the children walking to school. The Council and Mayor will talk to the Bonneville County Sheriff's Dept. and ask them to spend a little more time patrolling in Iona. The City will also look into traffic control signs. The proposed Budget Public Hearing was called to order at 7:15 p.m. No one was in attendance for the Public Hearing. The hearing was closed at 7:16 p.m. The Council discussed the budget. The Annual Appropriation Ordinance was approved. Council member Dave Huntsman motioned and Council member Don Holverson seconded. All were in favor. Mayor Rockwood discussed the DEQ (Division of Environmental Quality)Grant for the water study. DEQ suggested that we contract with ECIPDA (East Central Idaho Planning and Development Association) to help us with the grant. The Council is in agreeance to go ahead with the water study. Council member Dave Huntsman motioned and Council member Brad Andersen seconded. All were in favor. Attorney Dale Storer is going through our Code Book and bringing it up to date. The State Legislature changed the misdemeanor penalty and Dale recommended that we adopt this to our City Code and raise our fine. The Council discussed this issue and agreed to adopt the change. Council member Don Holverson motioned and Council member Brad Andersen seconded. All were in favor. Council meetings have been changed to Tuesday night instead of Wednesday night. This will be changed in the Code book. A motion was made by Council member Dave Huntsman to make this change and Council member Don Holverson seconded. All were in favor. The Development Agreement of Mountain Ridge Estates, Division # 2 and #3 of Rockwell, was reviewed and discussed by the Council. Council member Don Holverson motioned to approve the development agreement and Council member Dave Huntsman seconded. All were in favor. Eric Scoresby showed his final plat for the Rose Valley Addition. Mr. Scoresby needs to get a legal description to attach to the agreement. A motion to annex the Rose Valley Addition into the City was made by Council member Dave Huntsman and Council member Brad Andersen seconded. Roll call as follows: Aye: Council member Don Holverson Council member Brad Andersen Council member Dave Huntsman Nay: None Motion carried. Mayor Rockwood asked for a motion to establish R-1 on the Rose Valley Addition. Council member Dave Huntsman motioned and Council member Don Holverson seconded. All were in favor. Mayor Rockwood asked for a motion on the final plat. Council member Brad Andersen motioned to approve the final plat as presented and Council member Don Holverson seconded. All were in favor. A motion was made to approve the Development Agreement and have 3 copies signed. Council member Don Holverson motioned and Council member Dave Huntsman seconded. All were in favor. Mayor Rockwood said that seal coating is going to be done on Main Street and the sweeper will be out afterwards to sweep the streets. Randy and Diane Kofoed presented their proposal to the Council. They would like to clean up the 20 foot strip of right-of-way by their property behind the 6-12 Store. They would like to have the one end be a dead end and pave the road and put a pipe in the ditch and bury the ditch. Dave Powell uses the ditch and would be more than happy to have it covered. They would also like to take care of watering the lilacs along the alley way. The Council discussed Kofoed's proposal, due to the fact that if Kofoed's build a fence along their south property line, the use and access to the alley would be extremely limited. The Council agreed to let Kofoed's bury the ditch and pave a potion of the alley and use it as access to their property. The City will discuss the installation of a gate or blockage of the alley with their legal council before making a decision. The Mayor will get back to the Kofoed's with that issue (See attached letter). The Council agreed to allow Kofoed's to cover the ditch and pave the alley at their own expense. The Financial Report was reviewed. Mayor Rockwood said that the Library was able to get some more money from the County Library. Council member Brad Andersen asked about Eagle Projects. The Council discussed the issue. Striping Main Street and putting "No Parking" signs up were discussed. The Council discussed smoking in the City vehicles. The Council discussed it Mayor Rockwood discussed the Home Land Security Grant and said Council member Scott Long was able to get a digital camera with the grant funds. Council meeting adjourned at 8:55 p.m. r a (1 Monthly Expense Report 7/31 /2005 Vendor Amount Date Description UTAH POWER $ 2,321.61 GREAT IMPRESSIONS $ 1,255.00 BASEBALL SHIRTS BLACKFROST PHOTO $ 1,398.00 BASEBALL PICTURES SAMS CLUB $ 191.28 IONA DAYS DIG LINE $ 7.56 ROSE SHOP $ 78.13 PSI $ 100.82 INTERMOUNTAIN GAS CO $ 130.79 SR SANITATION $ 150.00 REGENCE BLUE SHIELD $ 156.00 ONE WEST $ 165.40 VALLEY READY MIX $ 269.38 CITY OF IDAHO FALLS $ 341.25 ANIMAL SHELTER HOLDEN KIDWELL $ 350.00 FARM PLAN $ 1,068.21 ICRMP $ 1,193.00 LIABILITY INSURANCE KEVIN MACHEN $ 1,400.00 EVERGREEN SERVICE $ 1,841.64 H K CONTRACTORS $ 3,765.40 SARAH LONG $ 100.00 FUN RUN -FIRST PLACE CARR PRINTING $ 28,066.00 HISTORY BOOKS WINCO $ 71.29 IONA DAYS FARR CANDY CO $ 82.00 CANDY-JULY 4 PARADE Q WEST $ 251.32 BRAD ANDERSEN $ 294.10 FUN RUN CROWN TROPHY $ 289.03 FUN RUN IDAHO RURAL WATER ASN $ 350.00 POSTMASTER $ 112.47 ENERGY LABS $ 40.00 WATER TEST US CELLULAR $ 84.15 6-12 EZ MART $ 153.09 LANDON EXCAVATING $ 589.60 STAPLES $ 6.60 MICRO SERV $ 50.00 SCHIESS $ 1,810.00 CITY OF IONA ** B U D G E T R E P O R T** e.'k? FOR 07-31-05 PAGE 3 **** GENERAL FUND **** ESTIMATED * * R E C E I P T E D * * UNRECEIPTED PERCENT FUND ACCOUNT# ACCOUNT TITLE REVENUE MTD YTD BALANCE RECEIPTED 001 305.000 STATE HIGHWAY USERS 46,000.00 10,791.31 47,096.01 1,096.01- 102.38 001 310.000 STATE REVENUE SHARING 36,000.00 .00 29,074.48 6,925.52 80.76 001 315.000 STATE LIQUOR TAX 15,000.00 .00 20,948.00 5,948.00- 139.65 001 320.000 BEER & DOG LICENSES 100.00 .00 118.00 18.00- 118.00 001 325.000 COURT REVENUE 1,500.00 .00 248.62- 1,748.62 16.57- 001 330.000 INTEREST 700.00 165.23 1,197.48 497.48- 171.07 001 335.000 CABLE TV FRANCHISE 3,000.00 .00 3,367.45 367.45- 112.25 001 340.000 NATURAL GAS FRANCHISE 5,000.00 2,328.53 9,403.58 4,403.58- 188.07 001 345.000 UTAH POWER FRANCHISE 10,000.00 2,363.60 9,720.70 279.30 97.21 001 350.000 MACHINE HIRE .00 .00 .00 001 355.000 BUILDING RENT 5,000.00 100.00 2,575.00 2,425.00 51.50 001 357.000 BUILDING DONATIONS .00 .00 .00 001 358.000 BUILDING GRANTS 23,823.00 150.00 28,071.92 4,248.92- 117.84 001 360.000 PROPERTY TAX REVENUE 119,177.00 46,069.63 130,151.10 10,974.10- 109.21 001 390.000 MISCELLANEOUS REVENUE 1,000.00 175.00 485.00 515.00 48.50 001 395.000 RESERVES .00 .00 .00 **TOTAL GENERAL FUND REVENUE 266,300.00 62,143.30 281,960.10 15,660.10- 105.88 -" **** GENERAL FUND **** ' ESTIMATED * *EXPENDED* * UNEXPENDED PERCENT FUND ACCOUNT# ACCOUNT TITLE EXPENSE MTD YTD BALANCE EXPENDED 001 410.000 PAYROLL 60,000.00 5,343.00 51,957.00 8,043.00 86.60 001 420.000 RETIREMENT 7,500.00 301.41 2,876.05 4,623.95 38,35 001 422.000 HEALTH INSURANCE 7,000.00 156.00 3,804.00 3,196.00 54.34 001 424.000 PAYROLL TAXES 8,500.00 405.84 4,120.44 4,379.56 48.48 )01 429.000 MISC. PAYROLL .00 .00 .00 )01 440.000 ELECTRICITY - NATURAL GAS 18,000.00 540.03 13,398.49 4,601.51 74.44 )01 445.000 OFFICE SUPPLIES 6,000.00 494.85 4,393.33 1,606.67 73.22 )01 446.000 TRAVEL 2,500.00 .00 1,668.89 831.11 66.76 )01 447.000 ADVERTISING 1,500.00 .00 113.96 1,386.04 7.60 )01 450.000 INSURANCE LIABILITY 7,200.00 1,193.00 7,160.00 40.00 99.44 )01 455.000 LEGAL & AUDIT FEES 7,500.00 350.00 6,840.00 660.00 91.20 )01 460.000 POLICE SUPPLIES 30,000.00 .00 18,986.25 11,013.75 63.29 )01 465.000 VEHICLE RENT 5,000.00 .00 .00 5,000.00 )01 470.000 MAINTENANCE 68,502.00 5,528.86 44,890.07 23,611.93 65.53 )01 472.000 BUILDING EXPENSE .00 .00 .00 )01 475.000 CIVIL DEFENSE 500.00 .00 .00 500.00 )01 480.000 LIBRARY 5,000.00 .00 481.55 4,518.45 9.63 )01 490.000 CAPITAL IMPROVEMENTS 23,823.00 3,765.40 26,336.34 2,513.34- 110.55 )01 495.000 MISCELLANEOUS EXPENSE 7,775.00 29,394.00 33,043.71 25,268.71- 425.00 **TOTAL GENERAL FUND EXPENSES 266,300.00 47,472.39 220,070.08 46,229.92 82.64 **NET EXCESS OR DEFICIENCY(-) 14,670.91 61,890.02 61,890.02- CITY OF IONA * •BUDGET REPORT** FOR 07-31-05 PAGE 5 **** WATER FUND **** ESTIMATED * * R E C E I P T E D • * UNRECEIPTED PERCENT FUND ACCOUNT# ACCOUNT TITLE REVENUE MTD YTD BALANCE RECEIPTED 002 305.000 COLLECTIONS 120,000.00 10,669.17 103,550.74 16,449.26 86.29 002 310.000 HOOK UP FEES 6,000.00 1,200.00 8,426.00 2,426.00- 140.43 002 315.000 INTEREST 700.00 175.02 1,054.99 354.99- 150.71 002 350.000 TANK REPLACEMENT FUND 20,000.00 .00 .00 20,000.00 002 395.000 RESERVES 38,874.00 .00 .00 38,874.00 **TOTAL WATER FUND REVENUE 145,574.00 12,044.19 113,031.73 32,542.27 77.65 **** WATER FUND **** ESTIMATED FUND ACCOUNT# ACCOUNT TITLE EXPENSE ** E X P E N D E D** MTD YTD UNEXPENDED PERCENT BALANCE EXPENDED 002 410.000 SALARIES & BENEFITS 26,000.00 .00 .00 26,000.00 002 440.000 ELECTRICITY 28,000.00 1,912.37 16,943.65 11,056.35 60.51 002 445.000 OFFICE, SUPPLIES, LEGAL 5,000.00 253.22 4,005.38 994.62 80.11 002 450.000 ENGINEERING COSTS .00 .00 .00 002 460.000 VEHICLE EXPENSE .00 .00 .00 002 465.000 VEHICLE RENT 5,000.00 .00 .00 5,000.00 002 470.000 REPAIRS & MAINTENANCE 16,700.00 782.69 14,403.02 2,296.98 86.25 480.000 BOND PAYMENT 24,000.00 .00 23,980.71 19.29 99.92 482.000 BOND INTEREST 8,000.00 .00 7,387.43 612.57 92.34 002 485.000 TANK REPLACEMENT FUND 30,000.00 .00 .00 30,000.00 002 490.000 CAPITAL IMPROVEMENTS 42,874.00 1,810.00 5,981.50 36,892.50 13.95 **TOTAL WATER FUND EXPENSE 185,574.00 4,758.28 72,701.69 112,872.31 39.18 **NET EXCESS OR DEFICIENCY(-) 40,000.00- 7,285.91 40,330.04 80,330.04- 100.83- CITY OF IONA ** B U D G E T R E P O R T** FOR 07-31-05 PAGE 6 **** EQUIP REPLACEMENT **** ESTIMATED * * R E C E I P T E D * • UNRECEIPTED PERCENT FUND ACCOUNT# ACCOUNT TITLE REVENUE MTD YTD BALANCE RECEIPTED 003 305.000 EQUIP RENT --WATER 5,000.00 .00 .00 5,000.00 003 310.000 EQUIP RENT --GENERAL 5,000.00 .00 .00 5,000.00 003 395.000 EQUIP RESERVES --WATER 23,571.00 .00 .00 23,571.00 003 396.000 EQUIP RESERVES --GENERAL 25,071.00 .00 .00 25,071.00 **TOTAL EQUIP REPLACEMENT REVENUE 58,642.00 .00 .00 58,642.00 **** EQUIP REPLACEMENT **** ESTIMATED * *EXPENDED* * UNEXPENDED PERCENT FUND ACCOUNT# ACCOUNT TITLE EXPENSE MTD YTD BALANCE EXPENDED 003 410.000 EQUIP REPLACEMENT --WATER 5,000.00 .00 .00 5,000.00 003 415.000 EQUIP REPLACEMENT --GENERAL 5,000.00 .00 .00 5,000.00 003 490.000 EQUIPMENT PURCHASE 48,642.00 .00 .00 48,642.00 **TOTAL EQUIP REPLACEMENT EXPENSE 58,642.00 .00 .00 58,642.00 **NET EXCESS OR DEFICIENCY(-) .00 .00 .00 CITY OF IONA ** BUD G E T R E P O R T*• FOR 07-31-05 PAGE 7 0014 **** RECREATION FUND **** ESTIMATED * * R E C E I P T E D * * UNRECEIPTED PERCENT FUND ACCOUNT# ACCOUNT TITLE REVENUE MTD YTD BALANCE RECEIPTED 004 305.000 BASEBALL FEES 004 310.000 SHELTER RENTAL 004 315.000 POSSIE FEES 004 320.000 WESTERN BOYS FEES 004 395.000 RESERVES 5,000.00 5,640.00 5,640.00 640.00- 600.00 30.00 390.00 210.00 .00 .00 .00 .00 .00 .00 1,000.00 .00 .00 1,000.00 112.80 65.00 **TOTAL RECREATION FUND REVENUE 6,600.00 5,670.00 6,030.00 570.00 91.36 **** RECREATION FUND **** ESTIMATED * *EXPENDED* * UNEXPENDED PERCENT FUND ACCOUNT# ACCOUNT TITLE EXPENSE MTD YTD BALANCE EXPENDED 004 410.000 RECREATION EQUIPMENT 1,000.00 .00 .00 1,000.00 004 415.000 RECREATION LABOR 1,500.00 1,654.00 1,654.00 154.00- 110.27 004 420.000 BASEBALL SUPPLIES 3,500.00 2,653.00 2,705.49 794.51 77.30 004 470.000 RECREATION MAINTENANCE 600.00 .00 316.67 283.33 52.78 **TOTAL RECREATION FUND EXPENSE 6,600.00 4,307.00 4,676.16 1,923.84 70.85 **NET EXCESS OR DEFICIENCY(-) 1,363.00 1,353.84 1,353.84- CITY OF IONA PROPOSED BUDGET HEARING FISCAL YEAR 2005-2006 August 17, 2005 MAYOR — Craig Rockwood COUNCIL MEMBERS Brad Andersen Dave Huntsman Scott Long Don HoIverson CITY CLERK — Betty McKinlay CITY TREASURER — Ron Nelson PUBLIC WORKS/POLICE — Ross Johnson CONTENTS 1. Proposed Budget Worksheet 2. Budget Notes 3. Proposed Budget Hearing Notice 4. Annual Appropriation Ordinance 5. Tax Levy Fact Sheet IONAB93 CITY OF IONA 2005-2006 BUDGET WORKSHEET LINE ITEM 2004-2005 BUDGET 2005-2006 PROPOSED BUDGET NOTES WATER REVENUE Collections 120,000.00 125,000.00 Hook up Fees 6,000.00 36,000.00 Estimate Interest 700.00 1,300.00 Fund Balance 20,000.00 30,000.00 Tank Repl. Fd Grant 0.00 0.00 Water Cap Reserves 38,874.00 40,000.00 Approximate balance Bond Reserve Fund TOTAL WATER.. 185,574.00 232,300.00 LINE 2004-2005 2005-2006 ITEM BUDGET PROPOSED WATER EXPENSE Electricity 28,000.00 30,000.00 Salaries & Benefits 26,000.00 26,000.00 Office Supplies 5,000.00 6,000.00 Vehicle Expense Vehicle Rplcmt. 5,000.00 5,000.00 Repairs & Maint. 16,700.00 25,000.00 Building Capital Capitol Improvements 42,874.00 63,300.00 N s t d. +t 1 Engineering Costs 5,000.00 Bond i & pri payment 32,000.00 32,000.00 Bond Reserve Fund Tank Rplcmnt Fd. 30,000.00 40,000.00 Nnrg 417 Wa Capital Imprv. TOTAL WATER 185,574.00 232,300.00 Page 1 IONAB93 LINE ITEM 2004-2005 BUDGET 2005-2006 PROPOSED BUDGET NOTES GENERAL REVENUE State Highway users 46,000.00 47,000.00 State Revenue Shr. 36,000.00 40,000.00 State Liquor Tax 15,000.00 15,000.00 Beer & Dog Lisc. 100.00 50.00 Court Revenue 1,500.00 1,000.00 Interest 700.00 1,373.00 Cable TV Franchise 3,000.00 3,200.00 Natural Gas Franch. 5,000.00 6,000.00 Utah Power Franch. 10,000.00 10,000.00 Property Tax 119,177.00 129,327.00 Note #1 Building Rent 5,000.00 5,000.00 Sale of Property Misc. 1,000.00 15,500.00 Note #2 Grants 23,823.00 20,150.00 Note #3 Fund Balance 20,000.00 Note #4 Donations TOTAL GENERAL.. 266,300.00 313,600.00 EQUIPMENT REPLACEMENT FUND REVENUE Equip Rent Water 5,000.00 5,000.00 Equip Rent General 5,000.00 5,000.00 WT Equip Balance 23,571.00 28,571.00 GEN Equip Balance 25,071.00 30,071.00 TOTAL EQUIP REPLCMT FD. 58,642.00 68,642.00 RECREATION REVENUE Baseball 5,000.00 5,000.00 Shelter Rental 600.00 600.00 Western Boys Fees 0.00 250.00 Fund Balance 1,000.00 650.00 Miscel Donations 0.00 TOTAL RECREATION 6,600.00 6,500.00 Page 2 IONAB93 EXPENSE LINE ITEM 2004-2005 BUDGET 05-06 PROPOSED BUDGET NOTES GENERAL EXPENSE Payroll 60,000.00 60,000.00 Retirement 7,500.00 7,000.00 Health Insurance 7,000.00 7,000.00 Payroll Taxes 8,500.00 8,500.00 Utilities 18,000.00 20,000.00 Office Supplies 6,000.00 6,000.00 Insurance Liability 7,200.00 6,900.00 Legal & Audit Fees 7,500.00 8,000.00 Police 30,000.00 31,000.00 Vehicle Rplcmt. 5,000.00 5,000.00 Civil Defense 500.00 500.00 Advertising 1,500.00 1,000.00 Library 5,000.00 5,000.00 Maintenance: 58,502.00 56,275.00 (Vehicles) (Other) (Park&Tree) 10,000.00 6,000.00 Capitol Improvements: 16,000.00 (Building) 40,000.00 Note #5 (Equipment) (Tree grant) 23,823.00 20,150.00 Note #3 (Books) Miscel. 6,000.00 5,000.00 BMPO 275.00 275.00 Public Transportation 1,500.00 1,500.00 Travel 2,500.00 2,500.00 TOTAL GENERAL 266,300.00 313,600.00 EQUIP. REPL. EXPENSE Equip Purchase Equip Replmt Wt 5,000.00 5,000.00 Equip Replmt Gen 5,000.00 5,000.00 Equip Reserves Gen 25,071.00 30,071.00 Note #6 Equip Reserves WT 23,571.00 28,571.00 Note #6 Total Equip Repl. 58,642.00 68,642.00 RECREATION EXPENSE Equipment 1,000.00 1,000.00 Recreation Labor 1,500.00 1,500.00 Baseball Supplies 3,500.00 3,500.00 Maintenance & Miscl. 600.00 500.00 TOTAL REC. 6,600.00 6,500.00 Total Budget 517,116 621,042 Page 3 CITY OF IONA Budget Notes FY 05-06: 1. Property Tax — Estimated 2005 base $119,177, plus 3 % ($3,575), plus new growth and annexations ($6,575), equals' new base of $129,327. 2. Revenue from sale of Iona History Book. 3. Budget authority for grants (non -approved at this time). 4. Funds from sale of City shop to be used on new shop. 5. New City shop (partial). 6. Use these funds to purchase new city pickup. 7. City match funds ($20,000) for DEQ water study grant. NOTICE OF PUBLIC HEARING PROPOSED BUDGET FOR FISCAL YEAR 2005-2006 CITY OF IONA, IDAHO Notice is hereby given that the City Council of the City of Iona, Idaho will hold a public hearing for consideration of the proposed budget for the fiscal period October 1, 2005 - September 30, 2006 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 17, 2005. 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 05-06 budget is shown below as FY 05-06 proposed expenditures and revenues. Fund Name GENERAL WATER EQUIPMENT REPLACEMENT RECREATION TOTAL PROPOSED EXPENSE Fund Name TOTAL GENERAL TAX LEVY PAYMENTS FROM STATE FRANCHISES GRANTS CASH CARRYOVER GENERAL FUND (OTHER) WATER FUND RECREATION FD TOTAL REVENUES PROPOSED FY 03-04 Actual Expenditures $273,882 93,656 0 4,680 372,127 EXPENDITURES FY 04-05 Budget Expenditures $266,300 185,574 58,642 6,600 517,116 PROPOSED FY 03-04 Actual Revenues 122,878 107,596 20,940 16,869 48,642 11,554 177,311 5,756 $534,469 REVENUES FY 04-05 Budget Revenues 119,177 97,000 18,000 23,823 58,642 8,300 185,574 6,600 $517,116 FY 05-06 Proposed Expenditures $313,600 232,300 68,642 6 500 621,042 FY 05-06 Proposed Revenues 129,327 102,000 19,200 20,150 88,642 22,923 232,300 6 500 S621,042 I, 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 Iona, Idaho for the fiscal year 2005-2006; all of which have been tentatively approved by the City Council on July 20, 2005 and entered in length in the Journal of Proceedings. Dated this 4`h day of August 2005. Betty McKinlay, City Clerk Pub. August 10th and August 17th, 2005 ORDINANCE NO. AN ORDINANCE ENTITLED THE ANNUAL APPROPRIATION ORDINANCE FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2005, APPROPRIATING THE SUM OF $621,042 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 $621,042 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, 2005. 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 $ 174,948.00 Grants $ 20,150.00 Capital Outlay and Maintenance $ 118,502.00 Equipment Replacement $ 68,642.00 WATER FUND: Administration $ 71,726.00 Capital Outlay and Maintenance $ 128,574.00 Bond and Interest Payment $ 32,000.00 RECREATION: Administration $ 6,500.00 TOTAL EXPENSES: $ 621,042.00 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, 2005. 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 COUNCIL AND APPROVED BY THE MAYOR THIS 17th DAY OF AUGUST, 2005. Craig Rockwood, Mayor 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, 2005 AND ENDING SEPTEMBER 30, 2006; 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 17th day of August, 2005. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said City. (seal) BETTY MCKINLAY, CITY CLERK Property Tax Fact Sheet 2004 Taxable assessed valuation = $28,240,472 2005 Taxable assessed valuation = $35,786,151 04/05 Taxable assessed valuation increase = $7,545,679, = 27% increase 2005 New construction value = $1,551,088 2004 New construction value = $1,372,178 2004 Levied property tax = $119,177 2005 Levied property tax = $129,327 (not a function of assessed valuation, limited to 3% plus new growth) 2004 Tax levy = .00423 2005 Tax levy = .00361, = 15% tax levy reduction (Tax levy is a function of assessed valuation and property tax budget) Example of effect: 1. Assume 2004 assessed valuation = $150,000 less $50,000 homeowners exemption = $100,000 taxable assessed valuation X .00423 (04 levy rate) = $423.00 property tax. 2. Assume 2005 assessed valuation increase of 10% = $165,000 less $50,000 homeowners exemption = $115,000 taxable assessed valuation X .00361 (05 levy rate) = $415 property tax. 3. 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O 1/VW•C aAraTIA-934— LJA-ocCi +0 _iltett) Vult_ ) 1A ja oxn -GLO laAr\r) 0-1/0_ juakiiih kA)0-1 1w)- ctaParAruu SkiRft- +t) 01-/n-1 - 11A-guAlL 1-rj+1' r.. „ ao 14a, ev4,2 au)&Lz. p(Apt3-416 /91-470 4/ - /Jet zmiy fet, de7)i-.4 11t-L12(A.4u /1,40,k6 ---AL tab iltt.} /)i-e- z`e) 4 ti-a-47- r7e. -e-c3 th zp.t 461/A, IrA4 ja44 sf Lo ILL( Ajt--41-4-/ 8-) s Ft NOTICE CITY COUNCIL MEETING WILL BE HELD WEDNESDAY AUG. 17TH, 2005 AT 6:30 P.M. AT THE COMMUNTIY CENTER