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HomeMy WebLinkAbout1968-1068 ORDINANCE NO. /CC, k AN ORDINANCE. adopting a budget for the City of Yakima, Washington, for the year of 1969, appropriating funds for the estimated expenditures, and fixing and levying the amount of taxes necessary to balance the estimated revenue with the estimated expenditures. WHEREAS, on the 16th day of September, 1968, the Mayor and the City Council of the City of Yakima approved by resolution the Pre- liminary Budget of the City for the ensuing year and filed the same with the City Clerk, in which budget estimates were made of the amount required to meet the public expenses of the City and the expenditures contemplated by it for the ensuing year for Salaries and Wages, for Maintenance and Operation, for Capital or Betterment and for Interest and Debt Redemption, and the estimated receipts of the City for the ensuing year from sources other than direct taxation, and the amount required and proposed to be raised by taxation upon • the real and personal property situated within the corporate limits of the City of Yakima, Washington, and WHEREAS, it appears from the budget that the sum of $7,685,774.00 is required by the City for the payment of its expen- ditures for the ensuing year, and WHEREAS, it also appears from the said estimates made that the receipts and surplus of the City for the ensuing year from sources other than direct taxation have been estimated at the sum of $6,530,508.00, and WHEREAS, the amount of $1,405,739.00, as reduced by estimated exemptions in the amount of $24,774.00, leaving a net tax revenue of $1,380,965.00, is not in excess of the amount authorized by law to be raised by taxation upon the taxable real and personal property within the corporate limits of the City, now, therefore, • BE IT ORDAINED BY THE CITY OF YAKIMA: Section 1. The Budget of the City of Yakima, Washington, for the year of 1969, as approved on the 9th day of October, 1968, after due notice of hearing and after the Preliminary Budget had been filed with the City Clerk as required by law, is hereby adopted in the aggregate amount of $7,685,774.00. Section 2. From estimated revenues, including available surplus, revenues from taxation and revenues from all other sources, the following amounts are hereby appropriated for expenditures in each of the following classifications during the budget year of 1969: Salaries and Wages $3,309,117.00 • Maintenance and Operation 2,959,237.00 Capital or Betterment 773,804.00 Interest and Debt Redemption 643,616.00 $7,685,774.00 Such total of expenditures includes $32,500.00 for Street Construc- tion and $484,025.00 for Street Maintenance and Operation. Section 3. .There is hereby appropriated and fixed to be raised by general property taxes upon the real and personal property within the City of Yakima the amount of $1,405,739.00, as reduced by esti- mated exemptions in the amount of $24,774.00, leaving a net tax revenue of $1,380,965.00, which amount, when added to the estimated available revenues from all other sources and surplus, will more than balance the estimated revenues with the estimated expenditures. Section 4. There is hereby levied upon all of the taxable property, both real and personal, within the City of Yakima, Washing- ton, a total tax of Nineteen and Six- Tenths (19.6) mills on each and - 2 - every dollar of assessed valuation of such property to provide tax revenues for the following purposes: • AMOUNT OF ESTIMATED NET TAX MILLS LEVY EXEMPTION REVENUE Current Expense Fund 6.92421 $ 496,614.00 $ 8,752.00 $ 487,862.00 Street Fund 2.77631 199,120.00 3,509.00 195,611.00 Cemetery Fund .33312 23,892.00 421.00 23,471.00 Firemen's Relief & Pension Fund 2.00000 143,443.00 2,528.00 140,915.00 Metropolitan Park Fund 2.00000 143,443.00 2,528.00 140,915.00 Regional Library Fund 1.96636 141,030.00 2,486.00 138,544.00 16.00000 $1,147,542.00 $20,224.00 $1,127,318.00 Yakima Municipal Airport 1967 General Obliga- tion Bond Re- demption Fund .45561 $ 32,677.00 $ 576.00 $ 32,101.00 1957 General • Obligation Library Bond Redemption Fund .40285 28,893.00 509.00 28,384.00 Yakima Ditch Pro- tection Bond Redemption Fund .07482 5,366.00 95.00 5,271.00 1962 General Obli- gation Street Im- provement Bond Redemption Fund 2.66672 191,261.00 3,370.00 187,891.00 19.60000 $1,405,739.00 $24,774.00 $1,380,965.00 Section 5. The.City Clerk is directed to transmit a certified copy of the Budget hereby adopted to the office of the County Com- missioaers of Yakima County, Washington. Section 6. This ordinance is one required to be made by the laws of the State of Washington and shall be in full force and effect II I from and after its passage, approval and publication by title as provided by the City Charter. - 3 - PASSED BY THE CITY COUNCIL, signed and approved this 9th day ill of October, 1968. Mayor /A-e ATTEST s A2 City lerk • • -4-