2009-10 Adopted Budget - City of Hoquiam

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VIII. DEBT SERVICE BUDGETThe following pages provide a comprehensive overview of the City’s debt servicebudget.Hoquiam’s debt service appropriations can be divided into four categories:• Limited general obligation debt, approved without a vote of the people,• Unlimited general obligation debt, approved with a vote of the people,• Revenue supported debt, usually debt issued without a vote of the people, andsupported by the revenue stream generated by the utility, and• Assessment debt, including local improvement district (LID) debt, which constitutes aspecial limited obligation of the City of Hoquiam.The following debt summary page summarizes all debt service appropriations for 2009and 2010, and indicates ending balances for each debt issue and type. In all, debtservice appropriations total $171,242 for the 2009-2010 Biennium. Remainingindebtedness at the end of 2010 totals $404,970.The subsequent graphs illustrate the makeup of the City’s indebtedness and comparestotal general obligation indebtedness to statutory limits.The second graph entitled “2010 Remaining Debt by Type” illustrates the largepercentage of the City’s debt that takes the form limited tax general obligation debt at79% of the total debt. Revenue debt constitutes the remaining debt and is due in largepart to the 1988 CERB loan that financed the 5 th Street Extension sewer project.The third graph compares actual general obligation indebtedness, both non-voted or“councilmatic” debt and total indebtedness, to the statutory limits on indebtedness of1.5% for councilmatic and 2.5% for all general obligation debt respectively. The chartillustrates that the City is well within its statutory limits in both cases.Following these graphs, the remaining pages provide detailed descriptions of each debtservice fund of the city, with project and activity explanations and descriptions,comprehensive debt service schedules and appropriation histories, and projectedbudgets through 2010 at current indebtedness levels.225
2009 2010Beginning 2009-2010 2009-2010 Ending FinalISSUE Balance Principal Interest Balance Maturity DescriptionLimited Tax General Oblig. Debt1994 PWTF Loan $198,142 $66,047 $3,633 $132,095 2014 Aberdeen Ave. Improvements2006 Refunding Bonds $219,181 $32,306 $18,656 $186,875 2019 City Hall ImprovementsSubtotal, Limited Tax G. O.: $417,324 $98,354 $22,289 $318,970Unlimited Tax General Oblig. DebtCITY OF HOQUIAM2009-2010 Adopted BudgetDebt Service Summary1995 Refunding Bonds $0 $0 $0 $0 2008 Refund three other bond issues2001 Fire Truck Bond $0 $0 $0 $0 2006 New Fire Truck PurchaseSubtotal, Unlimited Tax G. O.: $0 $0 $0 $0Subtotal, General Obligation Debt: $417,324 $98,354 $22,289 $318,970Revenue Debt2007 PWTF Loan - Sewer $72,000 $36,000 $0 $36,000 2012 Wastewater Facility Plan1986 PWTF Loan - Water $0 $0 $0 $0 2006 Water Treatment Plant1988 CERB Loan - Sewer $60,000 $10,000 $4,600 $50,000 2020 5th Street Sewer ExtensionSubtotal, Revenue Debt: $132,000 $46,000 $4,600 $86,000Assessment DebtN/A $0 $0 $0 $0Subtotal, Assessment Debt: $0 $0 $0 $0Total Debt, all Sources and Uses: $549,324 $144,354 $26,889 $404,970226
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2009-2010 ADOPTED OPERATING ANDCAPI
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TABLE OF CONTENTSCITY OF HOQUIAMPRE
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CITY OF HOQUIAMORGANIZATIONAL CHART
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"The City of Hoquiam is poised for
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2007-2008 Budget Goals Scorecard &
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also contains an outline of the app
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Hoquiam’s Form of GovernmentHoqui
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History of HoquiamLong before Weste
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City Commissions and BoardsCivil Se
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Budget CalendarThe adoption of a bu
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III. GOALS AND POLICIESThis section
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POLICIESThe City Council developed
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the highest level of service. Durin
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2) Sustain the current level of Cit
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5. Annually each department will re
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4.2 The Finance Department performs
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9.2 Change funds shall be controlle
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IV. REVENUESThis section summarizes
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2. Voted Property Tax LevyAmount %
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Sales Tax AllocationTelecommManufac
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an amount we have determined to be
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is $6,395 and $6,782 respectively.
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help defray policing costs. Cities
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Revenue by FundThis section summari
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Intergovernmental revenues increase
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7,000,000Hoquiam 2009-2010 Budget20
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CITY OF HOQUIAMASSESSED VALUE AND L
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City of HoquiamRevenue Forecasting
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2,500,000City of Hoquiam 2009-2010
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City of Hoquiam 2009-2010 BudgetCem
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City of Hoquiam 2009-2010 BudgetMau
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City of Hoquiam 2009-2010 BudgetStr
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City of Hoquiam 2009-2010 BudgetArt
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City of Hoquiam 2009-2010 BudgetAmb
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City of Hoquiam 2009-2010 BudgetSta
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City of Hoquiam 2009-2010 BudgetGen
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V. FUND SUMMARY SECTIONOverviewThe
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2009-2010 BUDGETALL FUNDS SUMMARYFU
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A. General Fund - #001Overview:The
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CITY OF HOQUIAM2009-2010 OPERATING
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R. Medical Dental Fund - #520Overvi
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S. Unemployment Compensation Fund -
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T. Police and Fire Pension Fund - #
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Operating Budget Expenditures and S
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CITY OF HOQUIAM2009-2010 Operating
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CITY OF HOQUIAM2009-2010 BIENNIAL O
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CITY OF HOQUIAM2009-2010 BIENNIAL B
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DEPT Name: City Hall & BuildingsDEP
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Page 189 and 190: CITY OF HOQUIAM2009-2010 BIENNIAL B
Page 191 and 192: CITY OF HOQUIAM2009-2010 BIENNIAL O
Page 197 and 198: CITY OF HOQUIAM1008 BIENNIAL BUDGET
Page 225 and 226: DEPT Name: Landfill PostclosureDEPT
Page 231 and 232: CITY OF HOQUIAM2009-2010 CAPITAL IM
Page 233 and 234: CITY OF HOQUIAM2009-2010 CAPITAL BU
Page 239: CITY OF HOQUIAM2009-2010 CAPITAL BU
Page 243 and 244: CITY OF HOQUIAM2010 Remaining Debt
Page 245 and 246: CITY OF HOQUIAM2009-2010 BudgetDEBT
Page 247 and 248: FUND NUMBER: 401-25DESCRIPTION: Wat
Page 249 and 250: FUND NUMBER: 401-26DESCRIPTION: Sew
Page 251 and 252: A. Adopted Utility Rates236
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Page 255 and 256: APPENDIX B2009-2010 Operating and C
Page 273 and 274: City of Hoquiam2009-2010 Budget Dev
Page 275: 302 Sidewalk Construction Miscellan
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2009-10 Adopted Budget - City of Hoquiam

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