| FORM LB-1 |
NOTICE OF BUDGET HEARING |
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| A public meeting of the City of Echo will be held on June 9, 2026 at 6:00 PM. Located at Echo City Hall, 20 S. Bonanza St., Echo, Oregon 97826. The purpose of this meeting is to discuss the budget for the fiscal year beginning July 1, 2026 as approved by the budget committee. A summary of the budget is presented below. A copy of the budget may be inspected or obtained at Echo City Hall, between the hours of 9 AM and 5 PM Monday-Friday. 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: Mike Gonzalez – City Administrator |
Telephone: 541-376-6038 Email: [email protected] |
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| FINANCIAL SUMMARY – RESOURCES |
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| TOTAL OF ALL FUNDS |
Actual |
Adopted Budget |
Proposed Budget |
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2024 – 2025 |
2025 – 2026 |
2026 – 2027 |
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| Beginning Fund Balance/Net Working Capital |
429,139 |
792,708 |
794,306 |
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| Fees, Licenses, Permits, Fines, Assessments & Other Service Charges |
968,894 |
1,011,730 |
1,061,030 |
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| Federal, State and all Other Grants, Gifts, Allocations and Donations |
4,141,182 |
1,527,410 |
1,529,150 |
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| Revenue from Bonds and Other Debt |
0 |
0 |
0 |
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| Interfund Transfers / Internal Service Reimbursements |
830,364 |
58,000 |
58,500 |
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| All Other Resources Except Current Year Property Taxes |
79,137 |
42,275 |
58,575 |
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| Current Year Property Taxes Estimated to be Received |
131,588 |
125,500 |
132,000 |
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| Total Resources |
6,580,305 |
3,557,623 |
3,633,561 |
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| FINANCIAL SUMMARY – REQUIREMENTS BY OBJECT CLASSIFICATION |
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| Personnel Services |
453,922 |
553,024 |
610,537 |
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| Materials and Services |
1,108,706 |
1,121,318 |
1,155,472 |
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| Capital Outlay |
3,999,365 |
1,557,050 |
1,517,250 |
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| Debt Service |
12,655 |
102,860 |
102,860 |
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| Interfund Transfers |
53,561 |
60,200 |
54,700 |
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| Contingencies |
0 |
81,139 |
72,788 |
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| Special Payments |
95,290 |
101,960 |
105,000 |
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| Unappropriated Ending Balance and Reserved for Future Expenditure |
0 |
0 |
14,954 |
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| Total Requirements |
5,723,499 |
3,577,551 |
3,633,561 |
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| FINANCIAL SUMMARY – REQUIREMENTS AND FULL-TIME EQUIVALENT EMPLOYEES (FTE) BY ORGANIZATIONAL UNIT OR PROGRAM * |
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| City of Echo |
Actual |
Adopted |
Proposed Budget |
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| FTE for that unit or program |
2024 – 2025 |
2025 – 2026 |
2026 – 2027 |
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| General Fund |
853,147 |
778,730 |
780,730 |
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| FTE |
2.0 |
2.0 |
2.0 |
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| Community Development Reserve Fund |
8135.4 |
53500.0 |
53500.0 |
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| FTE |
0.0 |
0.0 |
0.0 |
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| Library Fund |
93945.8 |
118010.0 |
119500.0 |
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| FTE |
1.0 |
1.0 |
1.0 |
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| Golf Course Enterprise |
321331.5 |
419500.0 |
448500.0 |
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| FTE |
4.6 |
4.6 |
4.6 |
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| Golf Course Reserve |
2870.8 |
25500.0 |
25500.0 |
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| FTE |
0.0 |
0.0 |
0.0 |
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| Water Enterprise Fund |
189674.2 |
243250.0 |
268000.0 |
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| FTE |
0.0 |
0.0 |
0.0 |
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| Water Reserve Fund |
5472.3 |
43250.0 |
43250.0 |
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| FTE |
0.0 |
0.0 |
0.0 |
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| Sewer Enterprise Fund |
201439.2 |
290250.0 |
295500.0 |
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| FTE |
0.0 |
0.0 |
0.0 |
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| Sewer Reserve Fund |
4753.4 |
130206.0 |
130206.0 |
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| FTE |
0.0 |
0.0 |
0.0 |
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| Street Fund |
52743.7 |
88155.0 |
89675.0 |
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| FTE |
0.0 |
0.0 |
0.0 |
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| Sewer Construction |
18284.5 |
8000.0 |
0.0 |
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| FTE |
0.0 |
0.0 |
0.0 |
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| Water Construction |
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3967416.0 |
1375000.0 |
1375000.0 |
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| FTE |
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0.0 |
0.0 |
0.0 |
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| Utility Debt Service |
4284.8 |
4200.0 |
4200.0 |
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| FTE |
0.0 |
0.0 |
0.0 |
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| Total Requirements |
5723499.0 |
3577551.0 |
3633561.0 |
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| Total FTE |
7.6 |
7.6 |
7.6 |
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| STATEMENT OF CHANGES IN ACTIVITIES and SOURCES OF FINANCING * |
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| PROPERTY TAX LEVIES |
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Rate or Amount proposed |
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2023-2024 |
2024-2025 |
2025 – 2026 |
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| Permanent Rate Levy (rate limit 4.2332 per $1,000) |
2024 – 2025 |
2025 – 2026 |
2026 – 2027 |
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| STATEMENT OF INDEBTEDNESS |
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| LONG TERM DEBT |
Estimated Debt Outstanding |
Estimated Debt Authorized |
Estimated Debt Authorized |
Estimated Debt Authorized |
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| Other Borrowings |
on July 1, 2024 |
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$ 206,559.00 |
$ 265,641.87 |
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| Other Borrowings |
on July 1, 2025 |
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265,642 |
260,461 |
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| Total |
0 |
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265,642 |
260,461 |
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