23-2407 Budget Idaho Code Reserving Forgone Tax Revenues Amount for FY24 Future Use CITY OF MERIDIAN RESOLUTION NO. 23-2407
BY THE CITY COUNCIL: BORTON, CAVENER, HOAGLUN,
OVERTON,PERREAULT,STRADER
A RESOLUTION RESERVING THE FORGONE AMOUNT FOR FISCAL YEAR 2024 FOR
POTENTIAL USE BY THE CITY OF MERIDIAN IN SUBSEQUENT YEARS AS
DESCRIBED IN IDAHO CODE § 63-802,et seq.;AND PROVIDING AN EFFECTIVE DATE
WHEREAS, Idaho Code §50-235 empowers the city council of each city to levy taxes for
general revenue purposes; and,
WHEREAS, Idaho Code §50-1002 requires the city council of each city in the State of Idaho
to pass a budget, referred to as an annual appropriation ordinance; and,
WHEREAS, Idaho Code §63-802 sets limitations on all taxing district budget requests on
the amount of property tax revenues that can be used to fund programs and services; and,
WHEREAS, Idaho Code §63-802(1)(a) allows each taxing entity to increase property tax
budget amounts by a maximum of 3%, plus an amount calculated based on the value of both new
construction and annexation added during the previous calendar year, plus an amount for forgone
taxes; and,
WHEREAS,Idaho Code §63-802(1)(f)requires that the City adopt an annual resolution to
reserve additional forgone amount in order to utilize that amount in subsequent years; and,
WHEREAS,the City has met the notice and hearing requirements in Idaho Code §63-802(1)(f)
to reserve the current year's increase in the forgone amount; and,
WHEREAS,the City intends to reserve $863,332 of its current year's increase in
allowable forgone amount.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF MERIDIAN, IDAHO:
That$863,332 of the current year's allowable increase in its forgone amount is reserved
and included in the City's total forgone balance for potential use in subsequent years.
ADOPTED by the City Council of the City of Meridian, Idaho, this 5ch day of September, 2023.
APPROVED by the Mayor of the City of Meridian, Idaho, this 5th day of September, 2023.
APPROVED: ATTEST:
Robert E. Simison, Mayor Chris Johnson, City Clerk
RESOLUTION RESERVING FOREGONE TAX REVENUES FOR FY24 FOR FUTURE USE
ADVERTISING PROOF
PRESS >�p
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Local News Worth Holding mom. �'; Emmett PO Box 1570,
BOlSEWEEKLY® Messenger Pocatello,ID 83204
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Ph. (208)465-8129 Fax: (907)452-5054
ACCOUNTBILLING DATE: NO:
07/28/23 21410
1 MERIDIAN, CITY OF
33 E. BROADWAYAVENUE
MERIDIAN, ID 83642
AD# DESCRIPTION START STOP TIMES AMOUNT
404280 ph 8/15/2023 PROPOSE 07/30/23 08/06/23 4 $830.28
Payments:
Date Method Card Type Last 4 Digits Check Amount
Discount: $0.00 Gross:$830.28
Surcharge: $0.00 Paid Amount:$0.00
Credits: $0.00
Amount Due:$830.28
We Appreciate Your Business!
404280
AD#404280AD#
LEGAL NOTICE
Special Noltce of Public N-mg
A--Budges for Flscal Year 2023
City of Meridian,IdeM10
NOTICE IS HEREBY GIVEN Mat the City Council of Me City of Mendian will hold a pudic M1earing for conaM-
eration of an amen-to the 2023 fiscal year budget W appmpdating addlt-1 monies receivetl by the City
M Mendian,avid M1earing W be M1eId e[Meridian Clty Hell,33 East Broadway Avenue,Meridian IdeM1o,at 6:00
p.m.on Tuestlay,Aogoat 15,2023.
Capgal Improvement Fond-55
FY2023 FY2023 F12023
Rerenues
Total Revenue $- $- $-
Expenditures
Operating
Atlminisiration $- $- $-
Fire $- $- $-
$-
Parka $-
Tpi,pemtlng $- $- $
Capim -
AtlminisVation $- $- $-
Fire $(35,9B4) $(35,994)
Police $(T],545) $(]],545)
$-
Total Capital $- $(113,539) $(113,539)
Carrybrward-OpemSng
Atlminis0ation $- $- $-
Fire $- $- $-
Police $- $- $-
Parks $- $- $-
CerrybrwaN-Op.-,, $- $- $-
CarrybrwaN-Capital
Atlminisiration $- $- $-
Fire $9,551,574 $(1,091,083) $8,460,491
Police $4,7'665 $(65,906) $4,-,,]59
Parks $24I- $- $24,0]8
CerrylorwaN-Cap ital $14,349,315 $(1,156,989) $13,192,32fi
Total Carrybrwam $14,349,315 $(1,158,989) $13.192,328
TMal Expend'auma $14,349,315 $(1,2]0,528) $13,0]8,]8J
Tansfers $- $- $-
TOWIExpendM1u-ithTmnsters $14,349,315 $(1,2]0,528) $13,0]8,]8J
(Use)/Add8lon of Fund Balance $(14,349,315) $- $(13,0]8,]87)
Enterprise NMI-80.65
FY2o23 FY2023 FV2023
Revenues Oran $n9'Budoet
,24
Water/Sewer$alea $2 461,,056 Bu 2,011 M,,24J,957
Other Sources $20,461,0s6 $352,051 $SUB1,10J
Total Revenue $69,J09,o09 $352,051 $50,061,(60
Expenditures
Personnel
UIIIBy Billing $096,175 $- 5W6.140
Public Works $2,11,1]5 $- $5,OB6.1]5
Water $6,389.15B $- $2,Bs9,156
Wastewater 13,918,555 $(1,000,000) $2,918,555
Total Personnel $13,918,Ss5 $(1,000,000) $12,918,SSs
Opem mli
UBIily Billing $]9s,414 $- $]95,794
Public Works $2850,]96 $181,000 $1,263-
Water $2,852,5]fi $1,211,000 $4,0fi3,5]6
Wastewater $4,612,686 $202,]00 $4,815,384
Total Operating $9,341,4J2 $1,594,]00 $10,06,172
Total Personnel and Operating $21,2.,027 $594,]00 $23,854,]2
capltal
Utility Billing $- $- $-
PublicWorks $- $- $-
Water $9,928,000 $(48,000) $9,880,000
Wastewater $12,fi]8,000 $354,051 $13,032,051
Total Capital $22S.1o. $306,051 $22,912,051
Cmrvlorwam-Op-mg
Utility Billing $- $- $-
Public Works $536,1]8 $(2J1,fi8J) $2fi4,491
Water $254,048 $(B4OOo) $248,048
Weaiewater $4]0,258 $(212,162) $2s8,096
Total Ca rrybrward-Opemling $1,260,482 $(48B,849) $]]0,633
Carrybrward-Capital
U81ity Billing $- $- $-
Public Works $(],48]) $J,48] $-
Water $M.,- $(1,951,644) $],833,]63
Wastewater 126,351,11 $(4,43%-) $21,922,836
Total Carrybrward-Capital $36,149,053 $(8,392,454) $29,]IS,-
Total CarrybrwaM $3],409,535 $(8,882,303) $30,52)232
Total Expenditures $83,275,sfi3 $(5,981,552) $]1294,010
Transfers $3,490,600 $- $3,490,600
TMal Expenditures with Transfers $86,]66,163 $(5,981,552) $80,784.611
(UseV-ition of Fund Balance $(3J,05],154) $6,333,603 $(30,723,551)
Governmental Foada-01,0],08,20
FY2023 FY2023 FY2023
Revanuea Orininal udget Budgaf
Property Taxes $45,556,044 Te$4 $45,ss6,044
OMer Revenue $41,383,52] $14,329,863 $55,693,390
T-Revenue $86,919,s]1 $14,329,863 $101,249,434
Expenditures
Personnel
Administra5on $7115A90 $106,200 $7,,219,690
R. $16,fi22,414 $240,547 $1fi,862,9fi1
Police $25.030.255 $8,Ot3 $25,038,268
Parks $5,222,6. $- $5,222,622
Community Development $4,81,,308 $- $4,8]]309
Total Personnel $58,868,090 $.2,.0 $59,220,850
Operating
Administration $4,26fi,251 $13,375,203 $1],641,454$
Flre $2,]40,51] $IS,- $2.B6,889$
Police $4,BB9,fi46 $9],548 $4,987,,194$
Palls $3,BT/,2. $335,90] $4,213,195$
Communiy Development $3,95fi,884 $.,4.4 $4,021,348
TMaI OPorating $19.]30,58] $13,919,493 $3 650,079
Total Personnel dOp-ing $]8,598,6. $14,272,253 $92,8]0,929
Capital
Administmilan $116,J35 $204,9s0 $321,685
R. $1.050.92] $(105,984) $944,9.
Police $581,935 $IS,- $]33,616
Palls $1,636,000 $309,918 $1,945,918
Comm unity Development $- $- $-
TMaI CapBal $3,38559] $S60,Ss] $3,946,1s4
CarrybrwaM-Personnel
Adminlstmtlon $- $- $-
Fire $- $- $-
Polka $- $- $-
Parke $- $- $-
CommunityDevelopmeM- $- $- $-
TotelCanybnvaM-Personnel $- $- $-
CartylorwaN-Operating
Administration $3,495,170 $26,334 $3,519,506
R. $443,s06 $115,364 $s58,870
Police $44,366 $(25,356) $19,010
Palls $-,890 $(461,22]) $443,6.
Ccmmunity Development $49.115 $- $49,115
Total Canyfonvard-Opemting $4,93],04] $(346,885) $4,590,162
Carrylonvak Capital
Administmtion $-,,251 $(fi5,]26) $261,52s$
Fire $10,O6f1A0] $(1,620,936) $8,439,0]3$
Police $s,502,846 $(1,111,Bfi5) $4,390,981$
Parks $19,28113] $(6,]5]501) $12,530,236$
Community Development- $- $- $-
TotalCarryforwaM-Capital $35,11.842 $(9,556,02) $25,621,815
Ad-i Carryl
Administration 10,522,421 $(41,382) $8,997029
Fro $ S,54,512 $((1,137221) $8,99],943
Police 20,1.,212 $(113�221) $2M,eel
Parks $20$49,115 $(J,218,]$- $12,$49,115
Community Development $48,115 $- $49,115
Ttal CarryWitu- $.,,0.,SSIB161 $(4,..912) $30,211,9]fi
Total Expantlituras $122,099.o) $4,928,8$- $121029..)
Tr.n dit $(3,490,600) $- $(3,490,800)
Total-diti lWreswid -c. $118,fi0,No) $4,929,898 $123,538459
(Use)/Atltlition of Funtl Belenca $(31,888,990) $9,399,985 $(22,289,025)
Total Bodget-All Foada
FY2023 FY2023 FY2023
Revenues dgat B dgst
Total Reenue $136,628,580 $14,681,914 $151,31C494
ExpendiWres
Total Personnel and Opereting $125 991,597 $14,866,953 $116,]25,666
-Ca pital $25,991,59] $J5306l $26,]64,686
Total E-d,waM $19-1,]39 $(1],922,204) $174H,s35
Total Expentlltums $219,]24,038 $12,322,182) $21],401,8$-
Tmnslers $- $- $-
TotelExpendliureswithTmnsbrs $219,724,039 $(2,322,182) $21],401,85]
(Use)/Atldltim of Fund Balance (83,095,659) $1],004,096 $(66,091,363)
D812 'eed to nspaci the detailed supporting of Me above financial statements.
For fudher IMortnation tolled City of Meddlan Finance.Department at(208)888-4433.
July 30,August 6,2023 -2.