UR-1 FY 2006-07
FORM
UR-1
NOTICE OF BUDGET HEARING
A meeting of the __ Woodburn Urban Renewal Agency
o A.M (Governing Body)
at _ 6~~~_2~ M at _~!y~all Council Chambers, 270 Montgomery St.
(LOcation)
June 12
(Date)
. The purpose of this meeting is to discuss the budget tor
will be held on
,2006
the tlscal year beginning July 1, 2006 as approved by the
Woodburn Urban Renewal Agency
(Municipal Corporation)
_._ Budget Committee
A summary at the budget is presented below. A copy of the budget may be inspected or obtained at
Woodburn City Hall
270 Montgomery St., Woodburn
(Street Addl.ess)
between the hours of 8:00 am and 5:00 pm . This budget was prepared on
a baSIS of accounting that is: tLl consistent; 0 not consistent with the basis of accounting used during the preceding year. Major
chi1nges. If any. and their effect on the budget, are explained below. This budget is for: ~ Annual Period; 02- Year Period.
--n_~-~_----Tciiy Chairperson of Governing Body I Telephone Numb';;-------.---
_ ~~r.i<?r:'..~__ _ L~.. _'!"<J.<J.~~urn Kathry~_~_~I_e~_ __ _J(_??~J~!2~~?~2
FINANCIAL SUMMARY
:il Check this bo
I budget only h
---
x if your TOTAL OF ALL FUNDS Approved Budqet Approved Budget
as one fund. This Year: .2005-06 Next Year: 2006-2007
1 Total Personal Services ....... ........... . ...."...... ..... . . . . . . . . . . . .
2 Total Materials and Services. ....... ....... ."...... ...." ....
~._~--
3 Total Capital Outlay ........... ..... . . . . . . . . ............. ..
--- --~-~.
4 TotClI Debt Service. 1,297,500 1,823,500
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5 Total Transfers .........
-_._--~
6 Total Contingencies.. ........ 2,228 294.500
^.--.'--'
7 Total Reserves and Special Payments .... ,........ 71,500 342,000
~-"---_._--- --. -
8 Total Unappropriated Ending Fund Balance.... .. ............
9 Total Requirements-add lines 1 through 8.. .......... 1,371,228 2,460,000 I
10 Total Resources Except Urban Renewal Taxes.. ...... . 1,041,228 2,016,000
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11 Total Urban Renewal Taxes Estimated from Division of Tax 330,000 444,000
12 Total Urban Renewal Taxes Estimated tram Special Levy..
13 Total,F!esour~es~--=a~~nes 10, 11 and 12 1,371,228 2,460,0001
-- -.-.-..- ----" -.--- ---- -"..
I
I
AntiCipated I
ReqUirements I
J
I
Anticipated
Resources
STATEMENT OF INDEBTEDNESS
Debt Outstanding
.J~_~Surnmarized Below 0 None
PUBLISH BELOW ONLY IF COMPLETED
..---.---.....--------
Estimated Debt Outstanding at the Estimated Debt Authorized, Not Incurred at the
Beginning of the Budget Year Beginning of the Budget Year
July 1, 2006 July 1, 2006
1,736,565 1,736,565
Debt Authorized, Not Incurred
bZl As Summarized Below
--..--.-..".--..---...
None
1-
~
Long-Term Debt
Bunds
Total Indebtedness .
'nlerest Bearing Warrants '
Other .... r-~._.--
'" I
I
Short-Term Debt
This budget includes the intention to borrow in anticipation of revenue ("Short-Term Borrowing") as summarized below'
I - --.....-------...--.-
FUND LIABLE Estimated Amount Estimated Estimated
to be Borrowed Interest Rate Interest Cost
- -_.~- I --
-- .- ------- =-==~1::
-. -- - ... n... .- -- ----..-........---.-.. .--_..- ..-......-
',(, ')~.1 nlS:} 1 Ht'\, 1!-!J5i Wf'r.,
\"11 ',,",
RESOLUTION NO. 06-01
A RESOLUTION ADOPTING A BUDGET FOR FISCAL YEAR 2006-07, MAKING
APPROPRIATIONS AND LEVYING TAXES.
THE WOODBURN URBAN RENEWAL AGENCY RESOLVES AS FOLLOWS:
Section 1. That the budget for fiscal year 2006-2007 is hereby adopted as set forth
below.
Section 2. That the budget amounts for the fiscal year beginning July 1, 2006, and for the
purposes shown below, are hereby appropriated:
DEBT SERVICE FUND:
Debt Service
Operating Contingency
$ 1,823,500
294.500
TOT AL APPROPRIATIONS
$ 2,118,000
Unappropriated Requirements:
Reserve for Urban Renewal Agency Debt
$ 342.000
TOT AL UNAPPROPRIATED REQUIREMENTS
$ 342,000
TOT AL 2006-2007 URBAN RENEWAL BUDGET
$ 2,460,000
Section 3. That the Woodburn Urban Renewal Agency hereby resolves to certify to the
County Assessor a request for the W oodbum Urban Renewal Plan Area for the maximum
amount of revenue that may be raised by dividing the taxes under Section Ie, Article IX of the
Oregon Constitution and ORS Chapter 457.
APPRO
Approved as to Form
Legal Counsel
Passed by the Agency
Submitted to the Chair
Approved by the Chair
ATTEST 11/."::1;, ~-
Mary Ten ant, Recorder
City of Woodburn, Oregon
Page 1 - Resolution No.06-01