| FORM LB-1 |
NOTICE OF BUDGET HEARING |
| A public meeting of the City of Echo will be held on June 10, 2025 at 5:30 PM. Located at Echo City Hall, 20 S Bonanza St., Echo Oregon. The purpose of this meeting is to discuss the budget for the fiscal year beginning July 1, 2025 as approved by the budget committe. A summary of the budget is presented below. A copy of the budge may be inspected or obtained at Echo City Hall, between the hours of 9 AM & 5 AM M-F. This budget is for an annual budget period and is prepared on a basis of accounting that is the same as the preceding year. |
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| Contact: David Slaght – City Administrator |
Telephone: 541-376-6038 Email: [email protected] |
| FINANCIAL SUMMARY – RESOURCES |
| TOTAL OF ALL FUNDS |
Actual |
Adopted Budget |
Proposed Budget |
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2023 – 2024 |
2024 – 2025 |
2025 – 2026 |
| Beginning Fund Balance/Net Working Capital |
$ 1,230,517.29 |
$ 977,452.00 |
$ 784,458.00 |
| Fees, Licenses, Permits, Fines, Assessments & Other Service Charges |
$ 934,186.54 |
$ 36,226.00 |
$ 1,226,447.00 |
| Federal, State and all Other Grants, Gifts, Allocations and Donations |
$ 1,227,842.18 |
$ 5,664,500.00 |
$ 1,047,696.00 |
| Revenue from Bonds and Other Debt |
$ 100,000.00 |
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$ 190,000.00 |
| Interfund Transfers / Internal Service Reimbursements |
$ 141,940.00 |
$ 68,000.00 |
$ 48,027.00 |
| All Other Resources Except Current Year Property Taxes |
$ 50,663.66 |
$ 1,160,952.00 |
$ 120,000.00 |
| Current Year Property Taxes Estimated to be Received |
$ 193,183.46 |
$ 120,000.00 |
$ 125,000.00 |
| Total Resources |
$ 3,878,333.13 |
$ 8,027,130.00 |
$ 3,541,628.00 |
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| FINANCIAL SUMMARY – REQUIREMENTS BY OBJECT CLASSIFICATION |
| Personnel Services |
$ 488,856.50 |
$ 505,571.00 |
$ 550,774.00 |
| Materials and Services |
$ 756,077.56 |
$ 1,622,458.00 |
$ 1,363,590.00 |
| Capital Outlay |
$ 835,499.40 |
$ 5,769,300.00 |
$ 1,480,800.00 |
| Debt Service |
$ 100,000.00 |
$ 4,402.00 |
$ 5,181.00 |
| Interfund Transfers |
$ 141,940.00 |
$ 68,000.00 |
$ 48,027.00 |
| Contingencies |
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$ 57,399.00 |
$ 40,146.00 |
| Special Payments |
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$ 53,110.00 |
| Unappropriated Ending Balance and Reserved for Future Expenditure |
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| Total Requirements |
$ 2,322,373.46 |
$ 8,027,130.00 |
$ 3,541,628.00 |
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| FINANCIAL SUMMARY – REQUIREMENTS AND FULL-TIME EQUIVALENT EMPLOYEES (FTE) BY ORGANIZATIONAL UNIT OR PROGRAM * |
| City of Echo |
Actual |
Adopted |
Proposed Budget |
| FTE for that unit or program |
2023 -2024 |
2024 – 2025 |
2025 – 2026 |
| General Fund |
$838,515.43 |
$1,189,701.00 |
$778,730.00 |
| FTE |
2.60 |
2.60 |
2.00 |
| Community Development Reserve Fund |
$10,327.73 |
$55,500.00 |
$53,500.00 |
| FTE |
0.00 |
0.00 |
0.00 |
| Library Fund |
$71,227.79 |
$105,975.00 |
$118,010.00 |
| FTE |
0.00 |
0.00 |
0.60 |
| Golf Course Enterprise |
$283,596.42 |
$364,102.00 |
$419,500.00 |
| FTE |
0.000 |
4.600 |
4.60 |
| Golf Course Reserve |
$22,600.00 |
$25,500.00 |
$20,500.00 |
| FTE |
0.00 |
0.00 |
0.00 |
| Water Enterprise Fund |
$167,062.82 |
$229,700.00 |
$243,250.00 |
| FTE |
0.000 |
0.000 |
0.000 |
| Water Reserve Fund |
$21,885.03 |
$43,250.00 |
$32,000.00 |
| FTE |
0 |
0 |
0.00 |
| Sewer Enterprise Fund |
$219,379.98 |
$275,500.00 |
$290,250.00 |
| FTE |
0.00 |
0.00 |
0.00 |
| Sewer Reserve Fund |
$146,535.79 |
$95,500.00 |
$130,206.00 |
| FTE |
0 |
0 |
0.00 |
| Street Fund |
$95,304.25 |
$70,000.00 |
$80,655.00 |
| FTE |
0.000 |
0.000 |
0.00 |
| Sewer Construction |
$150,816.48 |
$8,000.00 |
$0.00 |
| FTE |
0 |
0 |
0.00 |
| Water Construction |
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$339,002.18 |
5,560,000 |
1,375,000 |
| FTE |
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0 |
0 |
0.00 |
| Utility Debt Service |
$0.00 |
$4,402.00 |
$27.00 |
| FTE |
0.000 |
0.000 |
0.00 |
| Total Requirements |
$2,322,373.46 |
$8,027,130.00 |
$3,541,628.00 |
| Total FTE |
2.60 |
7.20 |
7.20 |
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| STATEMENT OF CHANGES IN ACTIVITIES and SOURCES OF FINANCING * |
| PROPERTY TAX LEVIES |
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Rate or Amount proposed |
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2023-2024 |
2024-2025 |
2025 – 2026 |
| Permanent Rate Levy (rate limit 4.2332 per $1,000) |
4.2332 |
4.2332 |
4.2332 |
| STATEMENT OF INDEBTEDNESS |
| LONG TERM DEBT |
Estimated Debt Outstanding |
Estimated Debt Authorized |
Estimated Debt Authorized |
Estimated Debt Authorized |
| Other Borrowings |
on July 1, 2024 |
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$ 206,559.00 |
$ 265,641.87 |
| Total |
$ – |
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$ 206,559.00 |
$ 265,641.87 |
| 150-504-073-2 (Rev. 02-14) |
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