Jul 21, 2022 | Uncategorized
Legal Notice of Public Hearing
Urban Renewal Agency of the City of Chubbuck, Idaho
a/k/a Chubbuck Development Authority
Proposed Termination Budget for Chubbuck Downtown Improvement Plan District Only for Fiscal Year 2023
A public hearing for consideration of the proposed Urban Renewal Agency Project budget for the fiscal year that begins October 1, 2022, and ends September 30, 2023 will be held in Council Chambers, located at 290 E. Linden Ave, Chubbuck, Idaho, on August 16, 2022, at 5:30 p.m., pursuant to Idaho Code §§ 50-2903(5). Written or oral comments about the proposed budget are welcome. Written comments may be submitted prior to the meeting to: Chubbuck Development Authority, c/o Devin Hillam, 290 E Linden Ave., Chubbuck, ID 83202.
The Agency budget funds the programs, services, and capital projects that the Agency Board and the City Council have determined to be important to meet the Agency’s strategic goals as described in the adopted urban renewal plans. Agency does not levy property taxes but rather, collects increment revenues generated in accordance with the urban renewal plans.
This public hearing on the proposed budget is required for formal adoption of the FY 2023 budget. Prior year revenues and expenditures are available on the full Agency published budget proposal for FY 2023. The proposed expenditures and revenues for FY 2023 have been tentatively approved by the Chubbuck Urban Renewal Agency Board of Commissioners on July 19, 2022.
City Hall is accessible to persons with disabilities.
| Fund Name |
|
|
FY 2023 Projected Revenues |
| Property Tax Revenue (Increment) |
|
|
|
| Chubbuck Improvement Revenue Allocation Fund |
|
|
$ 2,575,000 |
| Revenue Sources Other Than Property Taxes |
|
|
50,000 |
| Fund Balance Carryover |
|
|
– |
| Total Revenues- All Sources |
|
|
$ 2,625,000 |
|
|
|
|
|
|
|
| Fund Name |
|
|
FY 2023 Proposed Expenditures |
| Chubbuck Improvement Revenue Allocation Fund |
|
|
|
| Professional Services, Insurances, & Publications |
|
|
$ 60,000 |
| Owner Participation Agreements or other Agreements (Knudsen & Arbor Court) |
|
|
376,879 |
| Property Insurance |
|
|
3,200 |
| Legal Publications |
|
|
2,000 |
| Debt Service |
|
|
420,000 |
| Capital Improvements (New Day Parkway, Hawthorne Rd., & others) |
|
|
1,727,921 |
| Administrative Expenses |
|
|
35,000 |
| Preliminary Estimate of Cash to be remitted to County |
|
|
– |
| Fund Total Expenditures |
|
|
$ 2,625,000 |
Budget Note:
The Agency expects to pay its contraction obligations, as may be amended, on or before September 30, 2023 and the Agency expects all expenses from any remaining projects and/or improvements to be incurred and satisfied by the Agency’s FY2023 budget. The Agency expects to dispose of its properties in the district prior to the district’s termination and if revenues are received, to reopen the budget in accordance with Idaho Code. At this time, the Agency does not anticipate there will be any surplus available for remittance to the County Treasurer for distribution to the taxing districts before or after September 30, 2023.
Publish: August 5th and 12th, 2022.
Jul 21, 2022 | Uncategorized
LEGAL NOTICE
Notice of Public Hearing
Urban Renewal Agency of the City of Chubbuck, Idaho
a/k/a Chubbuck Development Authority
Proposed Budget for Fiscal Year 2023
A public hearing for consideration of the proposed Urban Renewal Agency Project budget for the fiscal year that begins October 1, 2022, and ends September 30, 2023 will be held in Council Chambers, located at 290 E. Linden Ave, Chubbuck, Idaho, on August 16, 2022, at 5:30 p.m., pursuant to Idaho Code §§ 50-2006(d), 50-2903(5) and 50-1002. Written or oral comments about the proposed budget are welcome. Written comments may be submitted prior to the meeting to: Chubbuck Development Authority, c/o Devin Hillam, 290 E Linden Ave., Chubbuck, ID 83202.
The Agency budget funds the programs, services, and capital projects that the Agency Board and the City Council have determined to be important to meet the Agency’s strategic goals as described in the adopted urban renewal plans. Agency does not levy property taxes but rather, collects increment revenues generated in accordance with the urban renewal plans.
This public hearing on the proposed budget is required for formal adoption of the FY 2023 budget. The proposed expenditures and revenues for FY 2023 have been tentatively approved by the Chubbuck Urban Renewal Agency Board of Commissioners on July 19, 2022. City Hall is accessible to persons with disabilities.
|
|
Estimated Revenues |
| Fund Name |
|
FY 2021 Budgeted Revenues |
|
FY 2022 Budgeted Revenues |
|
FY 2023 Proposed Revenues |
| Property Tax Revenue (Increment) |
|
|
|
|
|
|
| Chubbuck Improvement Revenue Allocation Fund |
|
$2,575,000 |
|
$2,980,000 |
|
$ 2,575,000 |
| Pine Ridge Revenue Allocation Fund |
|
175,000 |
|
175,000 |
|
297,000 |
| Northside Crossing Revenue Allocation Fund |
|
– |
|
90,000 |
|
170,000 |
| Harvest Springs Revenue Allocation Fund |
|
– |
|
– |
|
20,000 |
| Total Property Tax Revenue |
|
$2,750,000 |
|
$3,245,000 |
|
$3,062,000 |
| Revenue Sources Other Than Property Taxes |
|
50,000 |
|
55,000 |
|
55,000 |
| Fund Balance Carryover |
|
– |
|
– |
|
– |
| Total Revenues- All Sources |
|
$ 2,800,000 |
|
$ 3,300,000 |
|
$ 3,117,000 |
|
|
|
|
|
|
|
|
|
Proposed Expenditures |
| Fund Name |
|
FY 2021 Budgeted Expenditures |
|
FY 2022 Budgeted Expenditures |
|
FY 2023 Proposed Expenditures |
| Former categories (unused in FY23) |
|
|
|
|
|
|
| Admin & Prof Services |
|
300,000 |
|
95,500 |
|
– |
| Dues & Subscriptions |
|
5,000 |
|
4,600 |
|
– |
| Other |
|
3,000 |
|
3,000 |
|
– |
| Capital Outlays |
|
2,492,000 |
|
3,196,900 |
|
– |
| Chubbuck Improvement Revenue Allocation Fund |
|
|
|
|
|
|
| Professional Services, Insurances, & Publications |
|
– |
|
– |
|
$ 65,200 |
| Owner Participation Agreements or other Agreements |
|
– |
|
– |
|
376,879 |
| Debt Service |
|
– |
|
– |
|
420,000 |
| Capital Improvements |
|
– |
|
– |
|
1,727,921 |
| Administrative Expenses |
|
– |
|
– |
|
35,000 |
| Fund Total |
|
– |
|
– |
|
$ 2,625,000 |
| Pine Ridge Revenue Allocation Fund |
|
|
|
|
|
|
| Administrative Expenses |
|
– |
|
– |
|
15,000 |
| Bond Obligations |
|
– |
|
– |
|
287,000 |
| Fund Total |
|
– |
|
– |
|
302,000 |
| Northside Crossing Revenue Allocation Fund |
|
|
|
|
|
|
| Administrative Expenses & Capital Improvements |
|
– |
|
– |
|
34,000 |
| Owner Participation Agreements or other Agreements |
|
– |
|
– |
|
136,000 |
| Fund Total |
|
– |
|
– |
|
170,000 |
| Harvest Springs Revenue Allocation Fund |
|
|
|
|
|
|
| Administrative Expenses & Capital Improvements |
|
– |
|
– |
|
5,000 |
| Owner Participation Agreements or other Agreements |
|
– |
|
– |
|
15,000 |
| Fund Total |
|
– |
|
– |
|
20,000 |
| Total All Expenditures |
|
$ 2,800,000 |
|
$ 3,300,000 |
|
$ 3,117,000 |
Publish: August 5th and 12th, 2022.
Jul 12, 2022 | Uncategorized
NOTICE OF PUBLIC HEARING
PROPOSED BUDGET FOR FISCAL YEAR 2022-2023 (FY 2023)
CITY OF CHUBBUCK
A public hearing, pursuant to Idaho code 50-1002, will be held for consideration of the proposed budget for the fiscal year from October 1, 2022, to September 30, 2023 and for the consideration of the proposed use or reserve of forgone property taxes for the fiscal year from October 1, 2022 to September 30, 2023. The hearing will be held at Chubbuck City Council Chambers, 290 E Linden St, Chubbuck, Idaho at 6:00pm on August 17, 2022. All interested persons are invited to appear and show cause, if any, why such budget should or should not be adopted. Copies of the proposed City Budget are available at Chubbuck City Hall during regular office hours. City Hall is accessible to person with disabilities. Anyone desiring accommodations for disabilities related to the budget documents or to the public hearing please contact the City Clerk’s Office, 237-2400 at least 48 hours prior to the public hearing. The proposed FY2023 budget is shown below as FY2023 proposed expenditures and revenues.
| PROPOSED REVENUE |
|
FY2021 |
|
FY2022 |
|
FY2023 |
|
|
|
|
|
Budget |
|
Budget |
|
Proposed |
|
|
|
|
|
Revenues |
|
Revenues |
|
Revenues |
|
| Property Tax Levy |
|
|
|
|
|
|
|
|
|
General Fund |
|
5,325,956 |
|
5,559,550 |
|
5,948,412 |
|
|
Highway, Streets |
|
927,000 |
|
927,000 |
|
955,000 |
|
|
Tort Claim Ins. |
|
185,000 |
|
185,000 |
|
185,000 |
|
| Total Property Tax Levy |
|
6,437,956 |
|
6,671,550 |
|
7,088,412 |
|
| Revenue Sources Other Than Property Taxes |
|
|
|
|
|
|
General Fund |
|
2,009,902 |
|
2,403,995 |
|
2,505,482 |
|
|
Highway, Streets & Roads |
|
950,000 |
|
950,000 |
|
1,345,000 |
|
|
Water Fund |
|
|
3,096,062 |
|
2,750,000 |
|
4,701,300 |
|
|
Wastewater Fund |
|
3,162,405 |
|
3,250,000 |
|
4,517,000 |
|
|
Sanitation Fund |
|
1,814,635 |
|
1,850,000 |
|
2,442,900 |
|
| Grand Total All Funds |
|
17,470,960 |
|
17,875,545 |
|
22,600,094 |
|
|
|
|
|
|
|
|
|
|
|
| PROPOSED EXPENDITURES |
|
FY2021 |
|
FY2022 |
|
FY2023 |
|
|
|
|
|
Budget |
|
Budget |
|
Proposed |
|
| Fund Name |
|
|
Expenditures |
|
Expenditures |
|
Expenditures |
|
|
General Fund |
|
7,520,858 |
|
8,148,545 |
|
8,638,894 |
|
|
Highway, Streets & Roads |
|
1,877,000 |
|
1,877,000 |
|
2,300,000 |
|
|
Water Fund |
|
|
3,096,062 |
|
2,750,000 |
|
4,701,300 |
|
|
Wastewater Fund |
|
3,162,405 |
|
3,250,000 |
|
4,517,000 |
|
|
Sanitation fund |
|
1,814,635 |
|
1,850,000 |
|
2,442,900 |
|
| Grand Total |
|
|
17,470,960 |
|
17,875,545 |
|
22,600,094 |
|
The proposed expenditures and revenues for fiscal year 2022-2023 have been tentatively approved by the city council. Citizens are invited to attend the budget hearing, August 17, 2022 at 6:00pm.
Rich Morgan, City Treasurer
Publish: August 9 and August 14, 2022
