HomeMy WebLinkAboutURA RES 2023-13RESOLUTION NO. 2023- 13
A RESOLUTION OF THE URBAN RENEWAL AGENCY OF THE CITY OF
CALDWELL, IDAHO APPROVING THE BUDGET FOR FISCAL YEAR BEGINNING
OCTOBER 1, 2023.
THIS RESOLUTION is made on the date hereinafter set forth by the Urban Renewal
Agency of the City of Caldwell, Idaho an independent public body corporate and politic,
authorized under the authority of the Idaho Urban Renewal Agency Law of 1965, as amended,
Chapter 20, Title 50, Idaho Code, a duly created and functioning Urban Renewal Agency for
Caldwell, Idaho, hereinafter referred to as the "Agency;" and
WHEREAS, pursuant to Idaho Code §50-1002, the Caldwell Urban Renewal Agency held
a public hearing on August 14, 2023 for consideration of the FY-2024 budget; and
WHEREAS, the FY-2024 budget amounts to $391,274 expenditures;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS
OF THE URBAN RENEWAL AGENCY OF THE CITY OF CALDWELL, IDAHO:
Section 1. To approve the FY-2024 Budget for the fiscal year beginning October 1,
2023, a copy of which is attached as Exhibit A and incorporated by this reference.
ADOPTED AND APPROVED THIS 14a' day of August 2023.
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Caldwell Urban Renewal Agency
Expenditure Budget - FY 2024
October 1, 2023 - September 30, 2024
Account #
Account Title
2022-2023
2023-2024
Maintenance
& Operations
Budget
Budget
63310
Accounting &Engineering Services ,(City Staff) -
8000
=
8;400
65200
TCRVIP .: '; := :...
11177
12854
63210
Audit, ..
14 000
16,000
63330
Legal @ 9305/xno For. FY 2023fo $6,435 fbx;FY2024
,° . 117660
,..
77,220 ,
Total Maintenance & Operations
150,837
114,474
Account # Account Title 2022-2023 2023-2024
Maintenance & Operations Budget Budget
Total Projects 1 22,410,450 1 276,800
Bond Payments
99810
Sewer Bond Series 2006 Principal Payment 720,000
99820
Sewer Bond Series 2006 Interest Payment 18,000
99810
Sewer Bond Series 2008 Principal 720,000
99820
Sewer Bond Series 2008 Interest 30,600
99810
Bond Trustee services 3,500
Total Capital Expenditures 1 1,492,100 1 -
TOTAL BUDGET
Caldwell Urban Renewal Agency
Revenue Budget - FY 2024
October 1, 2023 - September 30, 2024
Fund - 96 Urban Renewal Fund
Revenues
$ 24,053,387 $ 391,274
2022-2023 2023-2024
Budget Budget
31100
INCREMENT REVENUE - East RAA #1 URA
10,760,793
31100
INCREMENT REVENUE - North RAA #2 URA
64,678
85,000
31102
PROPERTY TAX REPLACEMENT
115,705
34190
MISCELLANEOUS REVENUE
-
36106
CLAIMS INTEREST REVENUE
60,000
36110
STATE POOL INTEREST REV
1,200
24,000
TOTAL REVENUE
$ 10,942,376
1 $ 169,000
FUND BALANCE $ (13,111,011) $ (222,274)