City of Downey Proposed FY2009 Budget
NOTICE OF PUBLIC HEARING
PROPOSED BUDGET FOR FISCAL YEAR 2008-2009
CITY OF DOWNEY, IDAHO
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, 2008 to September 30, 2009. The hearing will be held at the Downey City Office, 15 South Main Street, Downey, Idaho, at 7:00 PM on August 26. 2008. 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 in detail are available at the city office during regular office hours (9:00 a.m. to 2:00 p.m. weekdays). The proposed FY2008-09 Budget is shown below as proposed FY2008-09 expenditures and revenues.
| PROPOSED EXPENDITURES | |||
|---|---|---|---|
| Actual FY2006-07 |
Budgeted FY2007-08 |
Proposed FY2008-09 |
|
| GENERAL FUND | $157,426 | $185,780 | $162,780 |
| ENTERPRISE FUNDS: | |||
| Water | 93,287 | 101,100 | 264,100 |
| Sewer | 38,512 | 40,000 | 42,000 |
| Garbage | 30,553 | 31,000 | 31,000 |
| FIREFUND: | 8,423 | 12,000 | 6,000 |
| ROAD FUND: | 70,824 | 64,700 | 62,400 |
| TOTAL All FUNDS | $399,025 | $434,580 | $568,280 |
| PROPOSED REVENUES | |||
| Actual FY2006-07 |
Budgeted FY2007-08 |
Proposed FY2008-09 |
|
| PROPERTY TAX REVENUE: | |||
| General | $ 81,993 | $ 88,070 | $ 88,070 |
| Tort | 9,000 | 9,000 | 9,000 |
| Park | 5,900 | 5,900 | 5,900 |
| Road | 33,881 | 33,900 | 33,900 |
| TOTAL PROPERTY TAX REVENUE | $130,774 | $136,870 | $136,870 |
| OTHER REVENUE SOURCE: | |||
| General | $ 80,723 | $ 82,810 | $ 59,810 |
| Road | 41,730 | 30,800 | 28,500 |
| Water | 106,080 | 101,100 | 264,100 |
| Sewer | 42,422 | 40,000 | 42,000 |
| Garbage | 33,197 | 31,000 | 31,000 |
| Fire | 12,875 | 12,000 | 6,000 |
| TOTAL OTHER REVENUE SOURCE: | $317,027 | $297,710 | $431,410 |
| GRAND TOTAL ALL FUNDS: | $447,801 | $434,580 | $568,280 |
The proposed expenditures and revenues for fiscal year 2008-2009 have been tentatively approved by the City Council and entered in detail in the Journal of Proceedings. Publication dates for the Notice of Public Hearing are August 18, and August 25, 2008, in the Idaho State Journal.
Dated: August 12, 2008
/s/ Brenda Kay
City Clerk-Treasurer
