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HomeMy WebLinkAboutRes 068 - Adopt Budget - Levy Taxes - Sunriver Library CSDU ~(). ......, tt lJJ .... o -< Deschutes County Board of Commissioners0.... .... "'"..... E .............................•.... •.•. S .l!iS."G 1300 NW Wall St., Suite 200, Bend, OR 97701-1960 (541) 388-6570 -Fax (541) 385-3202 -www.deschutes.org AGENDA REQUEST & STAFF REPORT For Board Business Meeting of June 23, 2014 Please see directions for completing this document on the next page. DATE: June 13,2014 FROM: Wayne Lowry Finance (541) 388-6559 TITLE OF AGENDA ITEM: Public Hearing on the Fiscal Year 2014-15 Budget for the Sunriver Library County Service District and Resolution 2014-068 Adopting the Budget, Levying Ad Valorem Taxes, and Making Appropriations for the Sunriver Library County Service District for Fiscal Year 2014-15. PUBLIC HEARING ON THIS DATE? YES BACKGROUND AND POLICY IMPLICATIONS: The Budget Committee met the week of May 27 and fulfilled its statutory obligations by approving the proposed budget as submitted for the Sunriver Library County Service District. Statutes require the Board to hold a public hearing on the adoption of the budget as approved by the Budget Committee. The Board has the authority to make changes to the approved budget by up to 10% of expenditures in each fund. No changes to the Budget Committee approved budget are being recommended by staff. Once the hearing is complete, the Board can move to adopt Resolution 2014-068. FISCAL IMPLICATIONS: Approval of the resolution establishes the fiscal year 2014-15 budget and levies ad valorem taxes. RECOMMENDATION & ACTION REQUESTED: Adoption of the Resolution ATTENDANCE: Wayne Lowry, Teri Maerki DISTRIBUTION OF DOCUMENTS: Teri Maerki, Finance Department 388-6536 (4 Copies) REVIEWED LEGAL COUNSEL For Recording Stamp Only BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON ACTING AS THE GOVERNING BODY OF THE SUNRIVER LIBRARY COUNTY SERVICE DISTRICT A Resolution Adopting the Budget, Levying Ad Valorem Taxes And Making Appropriations for the Sunriver Library County Service District Budget for Fiscal Year 2014-15. ... ... ... ... ... ... RESOLUTION NO. 2014-068 BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, ACTING AS THE GOVERNING BODY OF THE SUNRIVER LIBRARY COUNTY SERVICE DISTRICT, as follows: Section I. That the Board of County Commissioners of Deschutes County, Oregon, acting as the governing body of the Sunriver Library County Service District, hereby adopts the budget for the fiscal year 2014-15 in the total sum of $102,975. A copy of this budget document is available in the office of the Deschutes County Board of County Commissioners. Section 2. That the Board of County Commissioners of Deschutes County, Oregon, acting as the governing body of the Sunriver Library County Service District, hereby imposes the ad valorem property taxes provided for in the 2014-15 adopted budget in the aggregate amount of $99,974 for debt service on general obligation bonds; and that these taxes are hereby imposed and categorized for tax year 2014-15 upon the assessed value of all taxable property within the district as follows: General Government Excluded from Limitation Limitation General Obligation Bond Debt Service $99,974 Section 3. That the amounts for the fiscal year beginning July I, 2014, and for the purposes shown below, are hereby appropriated as follows: SUNRIVER LIBRARY DEBT SERVICE FUND Debt Service 94,975 Sunriver Library Debt Service Fund Total 94,975 Total District Appropriations 94,975 Total Unappropriated and Reserve Amounts 8,000 Total District Adopted Budget 102,975 PAGE I OF 2 RESOLUTION NO. 2014-068 (06/231l4) Section 4. That the Deschutes County Finance Director make the appropriations as set out herein for the 2014-15 fiscal year. DATED this 23rd day of June, 2014. BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, ACTING AS THE GOVERNING BODY OF THE SU1~RIVER LIBRARY COUNTY SERVICE DISTRICT TAMMY BANEY, Chair ATTEST: ANTHONY DEBONE, Vice Chair Recording Secretary ALAN UNGER, Commissioner PAGE 2 OF 2 -RESOLUTION NO. 2014-068 (06/23/14)