2009-10 Adopted Budget - City of Hoquiam

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CITY OF HOQUIAM2009-2010 BudgetDEBT SERVICE FUNDSFUND NUMBER: 213DESCRIPTION:1989 Limited General Obligation Bond FundProgram Description:Fund 213 provides for principal and interest payments on the $400,000 1989 limited tax general obligation (LTGO) bonds. This issuefinanced a renovation of City Hall. Issuance terms include a 30 year level debt service maturity for the bonds. This bond issue, approvedper Ordinance 89-7, carries interest at 6% over the life of the bonds and constitutes a ful faith and credit indenture of the City.Ongoing Objectives/Major Issues:This bond was refunded with a bank loan in April of 2006. The new bank loan has an interest rate of 4.5% and continues for the rest of thelife of the bond, which matures in 2020. The new bank loan constitutes a full faith and credit indenture of the City and payments are throughan allocation of the City's general fund each year.2003 2004 2005 2006 2007 2008 2009 2010 2011REVENUES: Actual Actual Actual Actual Actual Forecast Budget Budget ProjectedBeginning Balance: $0 $0 $0 $0 $0 $4 $7 $7 $7Property Taxes (non-voted) $28,912 $28,912 $28,912 $28,912 $25,485 $25,485 $25,481 $25,481 $25,571Total Revenues: $28,912 $28,912 $28,912 $28,912 $25,485 $25,485 $25,481 $25,481 $25,571Total Resources: $28,912 $28,912 $28,912 $28,912 $25,485 $25,489 $25,489 $25,489 $25,579EXPENDITURES:Principal $11,457 $12,144 $12,873 $13,645 $11,712 $15,106 $15,794 $16,513 $17,264Interest $17,455 $16,768 $16,039 $15,267 $13,769 $10,375 $9,687 $8,969 $8,307Total Expenditures $28,912 $28,912 $28,912 $28,912 $25,481 $25,481 $25,481 $25,481 $25,571ENDING BALANCE: $0 $0 $0 $0 $4 $7 $7 $7 $7Remaining Debt ScheduleYear Principal Interest Total BalancePrevious: $0 $0 $0 $246,0002007 $11,712 $13,769 $25,481 $234,2882008 $15,106 $10,375 $25,481 $219,1812009 $15,794 $9,687 $25,481 $203,3882010 $16,513 $8,969 $25,481 $186,8752011 $17,264 $8,307 $25,571 $169,6112012 $18,050 $7,432 $25,481 $151,5622013 $18,871 $6,610 $25,481 $132,6912014 $19,730 $5,752 $25,481 $112,9612015 $20,627 $4,854 $25,481 $92,3342016 $21,566 $3,915 $25,481 $70,7672017 $22,548 $2,934 $25,481 $48,2202018 $23,574 $1,908 $25,481 $24,6462019 $24,646 $835 $25,481 $0Total: $246,000 $75,755 $229,421231
FUND NUMBER: 401-25DESCRIPTION: Water Utility Debt ServiceProgram Description:CITY OF HOQUIAM2007-2008 BudgetDEBT SERVICE FUNDSThis program provides for the repayment of a $1,000,000 1986 Public Works Trust Fund loan that financed a new watertreatment plant.This loan constitutes a limited revenue obligation of the City, and is financed solely from water utility revenues.Debt repayment ended in 2006 when this loan was paid in full.REVENUES:2001 2002 2003 2004 2005 2006 2007 2008 2009Actual Actual Acutal Actual Actual Budgeted Budget Budget ProjectedBeginning Balance: $0 $0 $0 $0 $0 $0 $0 $0 $0Water Utility Revenue $62,105 $60,526 $58,947 $57,368 $55,789 $54,211 $0 $0 $0Total Revenues: $62,105 $60,526 $58,947 $57,368 $55,789 $54,211 $0 $0 $0Total Resources: $62,105 $60,526 $58,947 $57,368 $55,789 $54,211 $0 $0 $0EXPENDITURES:Principal $52,632 $52,632 $52,632 $52,632 $52,632 $52,632 $0 $0 $0Interest $9,474 $7,895 $6,316 $4,737 $3,158 $1,579 $0 $0 $0Total Expenditures $62,105 $60,526 $58,947 $57,368 $55,789 $54,211 $0 $0 $0ENDING BALANCE: $0 $0 $0 $0 $0 $0 $0 $0 $0Remaining Debt Service Schedule1988 Public Works Trust Fund LoanPrevious Principal Interest Total BalanceYears: $1,000,000 $324,354 $1,324,354 $0Total: $1,000,000 $324,354 $1,324,354232
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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 195 and 196: CITY OF HOQUIAM2009-2010 BIENNIAL O
Page 197 and 198: CITY OF HOQUIAM1008 BIENNIAL BUDGET
Page 201 and 202: CITY OF HOQUIAM2009-2010 BIENNIAL B
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Page 231 and 232: CITY OF HOQUIAM2009-2010 CAPITAL IM
Page 233 and 234: CITY OF HOQUIAM2009-2010 CAPITAL BU
Page 241 and 242: 2009 2010Beginning 2009-2010 2009-2
Page 243 and 244: CITY OF HOQUIAM2010 Remaining Debt
Page 245: CITY OF HOQUIAM2009-2010 BudgetDEBT
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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