ORDINANCE NO. 457

AN ORDINANCE OF THE TOWN OF SOUTH PRAIRIE, PIERCE COUNTY, WASHINGTON ADOPTING A BUDGET FOR FISCAL YEAR ENDING DECEMBER 31, 2005.

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, 2005 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 2005 and being sufficient to meet the various needs of the Town during the year 2005.

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 2005 is hereby adopted in its final form and content as set forth in the document attached hereto and incorporated by reference entitled "2005 Budget — Town of South Prairie", 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 2005 are set forth in summary form on the attached pages, 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 attachments are determined to be invalid or unenforceable for any reason, the remaining provisions of this ordinance, and the remaining provisions of the attachments 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: 12-6-04

PASSED: 12-6-04

APPROVED: 12-6-04

PUBLISHED: 12-15-04

Attested:

Marla Nevill Town Clerk

Approved as to form:

Michael J. Reynolds Town Attorney

TOWN OF SOUTH PRAIRIE
2005 BUDGET

REVENUES
General Fund	$ 232,872.00
Street Fund	16, 650.00
EMS Fund	9,506.00
Capitol Improvement Fund	43,500.00
Utilities Fund	234,283.00
Water Bond Redemption Fund	5,100.00
Water Reserve Fund	123,400.00
Sewer Reserve Fund	41,800.00
Sewer Bond Redemption Fund	14,446.00
Sewer Reserve Litigation Account	31,550.00
TOTAL REVENUES	$ 753,107.00
EXPENDITURES
General Fund	$ 232,872.00
Street Fund	16, 650.00
EMS Fund	9,506.00
Capital Improvement Fund	43, 500.00
Utilities Fund	234,283.00
Water Bond Redemption Fund	5,100.00
Water Reserve Fund	123,400.00
Sewer Reserve Fund	41, 800.00
Sewer Bond Redemption Fund	14,446.00
Sewer Reserve Litigation Account	31,550.00
TOTAL EXPENDITURES	$ 753,107.00