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Notice of budget hearing
Calendar Date:
FORM OR-LB-1 |
NOTICE OF BUDGET HEARING |
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A public meeting of the Lowell City Council will be held on June 6, 2023 at 7:00 pm at the Lowell Rural Fire Protection District meeting room, 389 N. Pioneer St., Lowell, Oregon 97452. An option to view and participate in the meeting electronically is available. For instructions on how to join electronically, visit the city website at www.ci.lowell.or.us or call (541) 937-2157. The purpose of this meeting is to discuss the budget for the fiscal year beginning July 1, 2023 as approved by the Lowell Budget Committee. Public comments will be taken in written format as well as in person at the meeting location. Written comments received by 4:00 pm on June 6, 2023 will be read during the public hearing section of the meeting on June 6, 2023. Written comments may be mailed to PO Box 490, Lowell, OR 97452, emailed to admin@ci.lowell.or.us, or delivered in person to City Hall at 70 N. Pioneer St., Lowell, OR 97452. A summary of the budget is presented below. A copy of the budget may be inspected or obtained at 70 N. Pioneer St., Lowell, OR 97452 between the hours of 8:00 a.m. and 5:30 p.m., Monday through Thursday, or online at www.ci.lowell.or.us. This budget is for an annual budget period. This budget was prepared on a basis of accounting that is the same as the preceding year. |
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Contact: City Administrator Jeremy Caudle Telephone: (541) 937-2157 |
Email: admin@ci.lowell.or.us |
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FINANCIAL SUMMARY - RESOURCES |
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TOTAL OF ALL FUNDS |
Actual Amount |
Adopted Budget |
Approved Budget |
|
|
2021-2022 |
This Year 2022-2023 |
Next Year 2023-2024 |
|
Beginning Fund Balance/Net Working Capital |
1,236,354 |
1,502,989 |
1,415,897 |
|
Fees, Licenses, Permits, Fines, Assessments & Other Service Charges |
1,313,092 |
1,312,740 |
1,367,699 |
|
Federal, State & All Other Grants, Gifts, Allocations & Donations |
518,117 |
995,062 |
138,406 |
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Revenue from Bonds and Other Debt |
0 |
230,224 |
430,000 |
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Interfund Transfers / Internal Service Reimbursements |
0 |
0 |
100,548 |
|
All Other Resources Except Current Year Property Taxes |
70,831 |
708,285 |
483,462 |
|
Current Year Property Taxes Estimated to be Received |
183,315 |
178,646 |
182,370 |
|
Total Resources |
3,321,709 |
4,927,946 |
4,118,382 |
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FINANCIAL SUMMARY - REQUIREMENTS BY OBJECT CLASSIFICATION |
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Personnel Services |
515,095 |
615,376 |
654,710 |
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Materials and Services |
809,245 |
1,115,724 |
971,294 |
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Capital Outlay |
372,383 |
1,949,897 |
1,311,183 |
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Debt Service |
161,703 |
709,198 |
420,713 |
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Interfund Transfers |
0 |
0 |
35,000 |
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Contingencies |
0 |
166,755 |
441,855 |
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Special Payments |
0 |
0 |
0 |
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Unappropriated Ending Balance and Reserved for Future Expenditure |
1,463,366 |
370,996 |
283,627 |
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Total Requirements |
3,321,792 |
4,927,946 |
4,118,382 |
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FINANCIAL SUMMARY - REQUIREMENTS AND FULL-TIME EQUIVALENT EMPLOYEES (FTE) BY ORGANIZATIONAL UNIT OR PROGRAM |
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Name of Organizational Unit or Program |
|
|
|
|
FTE for that unit or program |
|
|
|
|
Administration |
155,440 |
329,276 |
205,162 |
|
FTE |
0.29 |
0.28 |
0.3625 |
|
Code Enforcement |
12,343 |
8,312 |
9,394 |
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FTE |
0.07 |
0.04 |
0.050 |
|
Community Development |
134,721 |
66,591 |
77,576 |
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FTE |
0.04 |
0.06 |
0.080 |
|
Library |
185,635 |
416,550 |
57,284 |
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FTE |
0.23 |
0.92 |
0.5875 |
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Municipal Court |
17,902 |
14,466 |
16,893 |
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FTE |
0.07 |
0.07 |
0.10 |
|
Parks & Recreation |
193,831 |
961,254 |
205,660 |
|
FTE |
1.32 |
1.28 |
0.7375 |
|
Police |
29,453 |
29,530 |
36,231 |
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FTE |
0.00 |
0.00 |
0.00 |
|
Tourism |
3,201 |
10,586 |
10,586 |
|
FTE |
0.00 |
0.00 |
0.00 |
|
Blackberry Jam Festival |
19,509 |
28,149 |
18,123 |
|
FTE |
0.00 |
0.00 |
0.00 |
|
Building Inspections |
158,351 |
121,528 |
145,018 |
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FTE |
0.04 |
0.08 |
0.120 |
|
Sewer |
811,079 |
778,839 |
949,336 |
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FTE |
1.68 |
1.61 |
2.04375 |
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Water |
977,776 |
1,051,177 |
1,159,884 |
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FTE |
1.68 |
1.61 |
2.04375 |
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Streets & Stormwater |
309,439 |
357,334 |
638,790 |
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FTE |
0.44 |
0.43 |
0.250 |
|
Not Allocated to Organizational Unit or Program |
313,112 |
754,354 |
588,445 |
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FTE |
0.00 |
0.00 |
0.00 |
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Total Requirements |
3,321,792 |
4,927,946 |
4,118,382 |
|
Total FTE |
5.86 |
6.38 |
6.375 |
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STATEMENT OF CHANGES IN ACTIVITIES and SOURCES OF FINANCING |
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Changes in activities and sources of financing compared to the 2022-2023 budget year include: (1) CHANGES IN WATER AND SEWER RATES. The balance in the Water Fund has declined since 2019 due to unanticipated events. To ensure that rates are adequate to cover expenses, the adopted budget has an increase in water rates. The Sewer Fund also has an increase in rates to cover increases in expenses. For a residential customer using 4,000 gallons per month, the proposed new water and sewer rates would increase the monthly bill $27.29 per month, or 23.13%. (2) WATER AND SEWER RATE STUDY. The proposed budget funds a rate study at $30,000, split between the Water Fund and Sewer Fund, to contract with a rate study consultant. The rate study consultant will analyze water and sewer operations. The analysis will include recommendations for a long-term plan to keep the water and sewer plants financially and operationally stable. (3) WATER SYSTEM SOFTWARE. The budget funds replacement software that is necessary to run the water plant. The existing software has failed. The estimated cost is $100,000. The software will be paid for through a capital loan from the Sewer Fund ($30,000), as well as loans from public or private lenders ($70,000). (4) SALE OF SURPLUS REAL PROPERTY. This budget anticipates the sale of the northeastern corner of Rolling Rock Park, in accordance with the city's "Downtown Master Plan" and "Parks Master Plan," for commercial development. This budget also anticipates the sale of the old City Hall, with the parking lot remaining part of Paul Fisher Park. The estimated revenues from capital asset disposal are $466,681. These revenues are to pay off the loan used for the new City Hall renovation, as well as to offset the costs of demolishing the old City Hall to prepare the lot for sale. (5) E 1ST STREET REPAIR. Repairs for E. 1st Street due to the water main rupture are budgeted in the Street Fund and Sewer Fund, to be paid for with debt financing pending the city's efforts to recoup its costs to complete the repairs. WHERE TO FIND MORE INFORMATION. For more information, see the City Administrator's recommended budget, available at City Hall and online via the following link (select the May 24, 2023 Budget Committee meeting packet): < https://www.ci.lowell.or.us/bc-budget/page/budget-committee-0 >. |
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PROPERTY TAX LEVIES |
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|
Actual Amount |
Adopted Budget |
Approved Budget |
|
|
2021-2022 |
This Year 2022-2023 |
Next Year 2023-2024 |
|
Permanent Rate Levy (rate limit $2.1613 per $1,000) |
$2.1613 |
$2.1613 |
$2.1613 |
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Local Option Levy |
$0 |
$0 |
$0 |
|
Levy For General Obligation Bonds |
$0 |
$0 |
$0 |
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STATEMENT OF INDEBTEDNESS |
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LONG TERM DEBT |
Estimated Debt Outstanding |
Estimated Debt Authorized, but |
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on July 1. |
Not Incurred on July 1 |
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General Obligation Bonds |
$0 |
$0 |
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Other Bonds |
$1,556,292 |
$230,224 |
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Other Borrowings |
$457,803 |
$0 |
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Total |
$2,014,095 |
$230,224 |
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