UR-1 Hearing Notice 06/06/07
FORM
UR-1
NOTICE OF BUDGET HEARING
Woodburn Urban Renewal Agency
(Governing Body)
City Hall Council Chambers, 270 Montgomery St.
(Location)
June 11, 2007
(Date)
. The purpose of this meeting is to discuss the budget for
A meeting of the
DA.M.
at 6:45 ~ P.M. at
will be held on
the fiscal year beginning July 1, 2007 as approved by the
Woodburn Urban Renewal Agency
(Municipal Corporation)
Budget Committee.
A summary of the budget is presented below. A copy of the budget may be inspected or obtained at
Woodburn City Hall
270 Montgomery St., Woodburn between the hours of 7:30 am and 5:30 pm . This budget was prepared on
(Street Address)
a basis of accounting that is: [2] consistent; 0 not consistent with the basis of accounting used during the preceding year. Major
changes, if any, and their effect on the budget, are explained below. This budget is for: lir Annual Period; 02- Year Period.
County City Chairperson of Governing Body Telephone Number
Marion
Woodburn Kathryn Figley
FINANCIAL SUMMARY
( 503 ) 982-5228
[iJ Check this box if your TOTAL OF ALL FUNDS Approved Budget Approved Budget
budget only has one fund. This Year: 2006-2007 Next Year: 2007-2008
1. Total Personal Services.............. ................................ . . . . . . . .
2. Total Materials and Services ................................................
3. Total Capital Outlay..............................................................
4. Total Debt Service ................................................................ 1,823,500 1,999,500
Anticipated 5. Total Transfers.......................................................... ...... ......
Requirements 6. Total Contingencies .............................................................. 294,500 34,195
7. Total Reserves and Special Payments................................. 342,000 342,000
8. Total Unappropriated Ending Fund Balance.............. .........
9. Total Requirements-add lines 1 through 8..................... 2,460,000 2,375.6951
10. Total Resources Except Urban Renewal Taxes ...... ........ 2,016,000 1,882,695
Anticipated 11. Total Urban Renewal Taxes Estimated from Division of Tax 444,000 493,000
Resources 12. Total Urban Renewal Taxes Estimated from Special Levy...
13. Total Resources-add lines 10, 11, and 12........................ 2,460,000 2,375,6951
STATEMENT OF INDEBTEDNESS
o None
Debt Outstanding
~ As Summarized Below ~ None
PUBLISH BELOW ONLY IF COMPLETED
Debt Authorized, Not Incurred
o As Summarized Below
Estimated Debt Outstanding at the Estimated Debt Authorized, Not Incurred at the
Long-Term Debt Beginning of the Budget Year Beginning of the Budget Year
July 1, 2007 July 1, 2007
Bonds .................... .............., 1,579,655
Interest Bearing Warrants......
Other...... ...............................
Total Indebtedness................ I
Short-Term Debt
This budget includes the intention to borrow in anticipation of revenue ("Short-Term Borrowing") as summarized below:
FUND LIABLE Estimated Amount Estimated Estimated
to be Borrowed Interest Rate Interest Cost
.. ..
150-504.<J76-2 (Rev. 12-06)