ORDINANCE NO. 466

AN ORDINANCE OF THE TOWN OF SOUTH PRAIRIE, PIERCE COUNTY, WASHINGTON ADOPTING A BUDGET FOR FISCAL YEAR ENDING DECEMBER 31, 2006.

Whereas, the Mayor of the Town of South Prairie has completed and placed on file with the Town Clerk a proposed budget and estimated amounts of money required to meet public expenses, bond retirement expenses, reserve expenses, expenses of government of the Town for the fiscal year ending December 31, 2006 and a public hearing was held permitting the taxpayers an opportunity to be heard on the said budget,

Whereas, the proposed budget does not exceed the lawful limit of taxation allowed by law to be levied upon property within the Town for the purposes set forth in the said budget and for the estimated expenditures set forth in said budget being all necessary to carry on the government of the Town for the year 2006 and being sufficient to meet the various needs of the Town during the year 2006.

Now, therefore, the Town Council of the Town of South Prairie, Pierce County, Washington do ordain as follows:

Section 1: The budget for the Town of South Prairie, Pierce County, Washington for the year 2006 is hereby adopted in its final form and content as set forth in the document attached hereto and incorporated by reference entitled "Town of South Prairie 2006 Budget", three copies of which are on file with the office of the Town Clerk.


Section 2: Estimated resources and appropriations for expenditures during the year 2006 are set forth in summary form on the attached page(s), which are incorporated by reference as if set out in full.

Section 3: The Town Clerk is hereby directed to submit a certified copy of the budget herein adopted to the Division of Municipal Corporations in the Office of the State Auditor and to the Association of Washington Cities.

Section 4: If any provision of this ordinance is determined to be invalid or unenforceable for any reason, or any provisions on the attachment(s) are determined to be invalid or unenforceable for any reason, the remaining provisions of this ordinance, and the remaining provisions of the attachment(s) shall remain in force and affect.

Section 5: This Ordinance shall take effect and be in force five (5) days from and after its passage, approval and publication as required by law.

Mayor Layne Ross

INTRODUCED 12-5-05

PASSED 12-5-05

APPROVED 12-5-05

 PUBLISHED 12-14-05

Attested:

Marla Nevill Town Clerk

Michael J. Reynolds Town Attorney


TOWN OF SOUTH PRAIRIE 2006 BUDGET

REVENUE:

GENERAL FUND

252,954.47

STREET FUND

17,170.00

VETERAN'S MEMORIAL FUND

3,000.00

EMS FUND

9,718.63

CAPITAL IMPROVEMENT FUND

40,300.00

UTILITIES FUND

257,255.00

SUBTOTAL

580,398.10

WATER BOND REDEMPTION FUND (Transfer)

4,100.00

WATER RESERVE FUND (Transfer)

140,200.00

SEWER RESERVE FUND ( Transfer)

52,400.00

SEWER BOND REDEMPTION FUND (Transfer)

14,446.00

SEWER RESERVE LITIGATION ACCT (Transfer)

31,800.00

TOTAL

823,344.10

EXPENDITURES:

GENERAL FUND

252,954.47

STREET FUND

17,170.00

VETERAN'S MEMORIAL FUND

3,000.00

EMS FUND

9,718.63

CAPITAL IMPROVEMENT FUND

40,300.00

UTILITIES FUND

257,255.00

SUBTOTAL

580,398.10

WATER BOND REDEMPTION FUND (Transfer)

4,100.00

WATER RESERVE FUND (Transfer)

140,200.00

SEWER RESERVE FUND ( Transfer)

52,400.00

SEWER BOND REDEMPTION FUND (Transfer)

14,446.00

SEWER RESERVE LITIGATION ACCT (Transfer)

31,800.00

TOTAL

823,344.10