Resolution No. 14 for 2025 - Adopting the FY25-26 Budget

RESOLUTION NO. 14 FOR 2025

A RESOLUTION ADOPTING A BUDGET FOR 2025-2026, MAKING APPROPRIATIONS AND LEVYING TAXES.

WHEREAS, the Budget Committee of the City of Sweet Home reviewed and recommended for adoption the budget estimates and appropriations for the City of Sweet Home for the fiscal year beginning July 1, 2025, and ending June 30, 2026;

NOW, THEREFORE, THE CITY OF SWEET HOME RESOLVES:

That the City Council of the City of Sweet Home hereby imposes the taxes provided for in the adopted budget at the rate of $1.4157 per $1,000 of assessed value for General Fund operations, the rate of $7.8500 per $1,000 of assessed value for the Police Local Option Levy, the rate of $1.1700 per $1,000 of assessed value for the Library Services Local Option Levy, and Non Ad Valorem customer sewer usage charges not to exceed $50,000; and that these taxes are hereby imposed and categorized for tax year 2025-2026 upon the assessed value of all taxable property within the district.

                                                            General Government              Excluded from Limitation

Permanent Tax Rate                           $1.4157 per $1,000
Local Option Levies                            $9.0200 per $1,000
Customer Sewer Usage Charges                                                                   $50,000

Be it further resolved that the City Council adopts the 2025-2026 budget approved by the Budget Committee in the total sum of $41,289,940 and hereby provides that appropriations are made for the fiscal year beginning July 1, 2025 as follows:

General Fund
Administration                                                 $870,000
City Council                                                     $29,000
Community & Economic Development           $675,000
Finance                                                           $560,000
Municipal Court                                               $320,000
Parks                                                               $520,000
Community Center                                          $30,000
General Services                                            $635,000
Capital Outlay                                                 $500,000
Transfer Out                                                    $65,000
Contingency                                                    $1,500,000
TOTAL                                                            $5,704,000

Public Safety Fund
Operations                                                      $4,595,000
Capital Outlay                                                 $200,000
Contingency                                                    $1,150,000
TOTAL                                                            $5,945,000

Library Fund
Operations                                                      $662,000
Capital Outlay                                                 $850,000
Contingency                                                    $350,000
TOTAL                                                            $1,862,000

Enhancement Fund
Operations                                                      $383,000
Contingency                                                    $405,000
TOTAL                                                            $788,000

Willow Yucca Fund
Operations                                                      $97,000
TOTAL                                                            $97,000

Transportation Fund
Operations                                                      $763,000
Capital Outlay                                                 $100,000
Contingency                                                    $843,000
TOTAL                                                            $1,706,000

Water SDC Fund
Operations                                                      $75,000
Capital Outlay                                                 $125,000
Contingency                                                    $500,000
TOTAL                                                            $700,000

Sewer SDC Fund
Operations                                                      $75,000
Capital Outlay                                                 $125,000
Contingency                                                    $500,000
TOTAL                                                            $700,000

Storm SDC Fund
Operations                                                      $24,000
Capital Outlay                                                 $100,000
TOTAL                                                            $124,000

Transportation SDC Fund
Operations                                                      $75,000
Capital Outlay                                                 $125,000
Contingency                                                    $500,000
TOTAL                                                            $700,000

Parks SDC Fund
Operations                                                      $61,000
Capital Outlay                                                 $100,000
TOTAL                                                            $161,000

Water Fund
Operations                                                      $1,376,000
Debt Service                                                   $730,000
Capital Outlay                                                 $810,000
Contingency                                                    $1,000,000
TOTAL                                                            $3,916,000

Sewer Fund
Operations                                                      $1,720,000
Debt Service                                                   $555,000
Capital Outlay                                                 $125,000
Contingency                                                    $930,000
TOTAL                                                            $3,330,000

Storm Fund
Operations                                                      $317,000
Capital Outlay                                                 $250,000
Contingency                                                    $100,000
TOTAL                                                            $667,000

Economic Development Fund
Operations                                                      $35,940
TOTAL                                                            $35,940

Unappropriated
General Fund                                                  $2,007,000
Public Safety Fund                                          $1,975,000
Library Fund                                                    $370,000
Enhancement Fund                                        $635,000
Water SDC Fund                                             $530,000
Sewer SDC Fund                                            $330,000
Transportation SDC                                        $870,000
Water Fund                                                     $1,994,000
Sewer Fund                                                     $5,910,000
Storm Fund                                                     $233,000
TOTAL                                                            $14,854,000
 

PASSED by the Council and approved by the Mayor this 10^th day of June, 2025.