City of Elk River Budget Hearing

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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, 2019 to September 30, 2020. The hearing will be held at City Hall, Elk River, Idaho at 9:00 a.m. on August 21, 2019, 112 S. 2nd Street. 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 Hall during regular office hours (7:00 a.m. to 3:00 p.m., weekdays). City Hall is accessible to persons with disabilities. Anyone desiring accommodations for disabilities related to the budget documents or the hearing, please contact the City Clerk, (208) 826-3209 at least 48 hours prior to the public hearing. The proposed FYE 20 budget is shown below as FYE 20 proposed expenditures and revenues.

PROPOSED EXPENDITURES

FYE 18 FYE 19 FYE 20

Budget Budget Proposed

Expenditures Expenditures Expenditures

General Fund

General government $91,470 $88,220 $98,758

Public safety 8,000 8,000 9,000

Street 15,144 25,412 138,168

State/Federal Grants/Outside 250,000 250,000 250,000

Funding/Improvements - - -

Capital outlay 4,407 2,000 3,583

Contingency reserve - - -

General Fund Total 369,021 373,632 499,509

Water Fund 250,079 254,691 279,972

Sewer Fund 56,153 57,729 77,687

Sanitation Fund 33,915 34,593 34,593

Total Estimated Expenditures All Funds $709,168 $720,645 $891,761

ESTIMATED REVENUES/FUNDING RESOURCES

FYE 18 FYE 19 FYE 20

Budget Budget Proposed

Revenues Revenues Revenues

Property Tax Levy

General Fund $64,766 $71,033 $73,224

Foregone Amount 2,907

Revenue Sources Other Than Property Tax

General Fund 51,348 52,599 176,285

State/Federal Grants/Outside Funding 250,000 250,000 $250,000

Water Fund 250,079 254,691 279,972

Sewer Fund 56,153 57,729 77,687

Sanitation Fund 33,915 34,593 34,593

Total Estimated Revenues All Funds $709,168 $720,645 $891,761

The proposed expenditures and estimated revenues for fiscal year 2019-2020 have been tentatively adopted by the City Council and entered in the Journal of Proceedings. Publication dates for the notice of public hearing are July 31, 2019, and August 7, 2019.

Dated this 17th day of July, 2019

Christina Bartlett, Clerk-Treasurer

7-24,31-19c

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