City of Medford: Notice of Public Budget Hearing 2025 Proposed General Fund Budget Summary 2023 2024 2024 2025 % General Fund Actual Budgeted Estimated Proposed Change Revenues Tax Revenue $1,130,887 $1,847,668 $1,847,668 $1,812,668 -1.89% Special Assessment $166,246 $165,000 $165,000 $165,000 0.00% State Funding & Grants $1,784,106 $1,859,637 $1,804,637 $1,934,637 4.03% Licenses & Permits $88,711 $58,845 $58,845 $57,000 -3.14% Enforcement $36,220 $35,000 $51,567 $41,000 17.14% Public Services $92,181 $28,250 $41,332 $28,250 0.00% Inter Gov’t Charges $87,342 $122,400 $122,400 $134,400 9.80% Other Revenue $797,391 $140,100 $360,000 $144,750 3.32% Transfers In/Other Financing Sources $331,477 $ - $ - $ - 0.00% Total Revenues $4,514,561 $4,256,900 $4,451,449 $4,317,705 1.43% Expenditures General Government $792,932 $944,771 $944,771 $944,450 -0.03% Public Safety $1,156,872 $1,158,294 $1,158,294 $1,237,928 6.88% Public Works $1,186,646 $1,532,449 $1,532,449 $1,561,102 1.87% Health and Human Services $12,963 $ - $ - $ - 0.00% Culture, Rec. & Education $339,154 $250,409 $282,578 $254,625 1.68% Conservation & Development $58,528 $ - $ - $ - 0.00% Capital Outlay $482,091 $142,385 $142,385 $141,600 -0.55% Transfers Out/Other Financing Uses $219,192 $228,156 $228,156 $178,000 -21.98% Total Expenditures $4,248,378 $4,256,464 $4,288,633 $4,317,705 1.44% General Fund 1/1/23 12/31/2023 12/31/24 Balance Balance Estimated Proposed $7,462,684 $7,728,867 $7,728,867 All Government & Enterprise Funds 2023 Transfers/ Jan 1, 2023 2023 2023 Other Financing Dec 31, 2023 Fund Balance Revenues Expenses Sources (Uses) Fund Balance Gov’t & Special Rev Funds General Government (#10) $7,462,684 $4,183,084 $4,029,186 $112,285 $7,728,867* Construction (#43) $(87,212) $812,964 $1,770,878 $54,036 $(991,090)* Debt Service Fund (#52) $776,140 $46,580 $368,128 $326,048 $780,640* CDA (#50) $165,324 $1,258 $27,936 $ - $138,646 Room Tax (#21) $13,869 $59,994 $73,863 $ - $ Landfill Fund (#22) $163,725 $2,597 $8,408 $ - $157,914 Medford Public Library (#23) $381,421 $317,294 $647,886 $165,156 $215,985 American Rescue Plan Act (#24) $ - $74,503 $74,503 $ - $ Police Special Revenue (#27) $52,388 $76,118 $78,307 $50,199 Fire Dept Membership (#41) $82,491 $24,422 $28,289 $78,624 Affordable Housing (#28) $341,446 $ - $187,000 $52,758 $207,204 Tax Incremental Districts TID 5 (#42) $15,268 $66,295 $2,175 $ - $79,388 TID 6 (#44) $68,969 $62,909 $79,120 $(52,758) $ - TID 7 (#47) $(169,915) $30,400 $7,272 $ - $(146,787) TID 10 (#45) $(309,784) $47,738 $11,469 $ - $(273,515) TID 11 (#51) $(27,311) $56,319 $2,995 $ - $26,013 TID 13 (#53) $(249,681) $264,762 $9,668 $(326,048) $(320,635) TID 14 (#54) $(1,947,017) $ - $157,380 $17,325 $(2,087,072) Enterprise Funds Water Utility (#62) $13,740,797 $1,070,634 $792,952 $(167,461) $13,851,018 Refuse/Recycling (#64) $750,263 $423,485 $410,007 $ - $763,741 Wastewater Utility (#66) $8,756,420 $1,762,080 $1,952,042 $ - $8,566,458 Electric Utility (#68) $9,963,188 $9,237,034 $9,266,708 $(164,016) $9,769,498 *Property Tax Levy Contributions General Gov’t Construction Debt Service to Funds #10, #43, #52 (#10) (#43) (#52) 2023 $981,893 $812,964 $46,580 2024 Amended $1,071,749 $741,000 $50,000 2025 Estimated $1,126,749 $810,000 $40,000 Notes: (1) Funds 21, 22, 41, 62, 66, and 68 are financed through user fees and other sources of funds not including the tax levy. (2) The Medford Public Library (23) is financed through user fees and other sources as well as through tax levy which is included in the General Fund. (3) Transfers/Other Financing Sources (Uses) include fund transfers and capital contributions/proceeds. A copy of the entire City of Medford 2025 proposed budget is available for public inspection at the City Clerk’s office located at 639 S. Second Street during normal business hours (8:00 a.m. to 4:30 p.m.). The budget public hearing will be held at 6:00 p.m. on Tuesday, October 1st, 2024, in the Council Chambers of Medford City Hall, 639 S. 2nd Street. All interested parties are invited to attend the hearing in person or submit written comment to the City Clerk prior to the scheduled hearing. Ashley Lemke, City Clerk, WCMC 141870_3 WNAXLP City of Medford: Notice of Public Budget Hearing 2025 Proposed General Fund Budget Summary 2023 2024 2024 2025 % General Fund Actual Budgeted Estimated Proposed Change Revenues Tax Revenue $1,130,887 $1,847,668 $1,847,668 $1,812,668 -1.89% Special Assessment $166,246 $165,000 $165,000 $165,000 0.00% State Funding & Grants $1,784,106 $1,859,637 $1,804,637 $1,934,637 4.03% Licenses & Permits $88,711 $58,845 $58,845 $57,000 -3.14% Enforcement $36,220 $35,000 $51,567 $41,000 17.14% Public Services $92,181 $28,250 $41,332 $28,250 0.00% Inter Gov’t Charges $87,342 $122,400 $122,400 $134,400 9.80% Other Revenue $797,391 $140,100 $360,000 $144,750 3.32% Transfers In/Other Financing Sources $331,477 $ - $ - $ - 0.00% Total Revenues $4,514,561 $4,256,900 $4,451,449 $4,317,705 1.43% Expenditures General Government $792,932 $944,771 $944,771 $944,450 -0.03% Public Safety $1,156,872 $1,158,294 $1,158,294 $1,237,928 6.88% Public Works $1,186,646 $1,532,449 $1,532,449 $1,561,102 1.87% Health and Human Services $12,963 $ - $ - $ - 0.00% Culture, Rec. & Education $339,154 $250,409 $282,578 $254,625 1.68% Conservation & Development $58,528 $ - $ - $ - 0.00% Capital Outlay $482,091 $142,385 $142,385 $141,600 -0.55% Transfers Out/Other Financing Uses $219,192 $228,156 $228,156 $178,000 -21.98% Total Expenditures $4,248,378 $4,256,464 $4,288,633 $4,317,705 1.44% General Fund 1/1/23 12/31/2023 12/31/24 Balance Balance Estimated Proposed $7,462,684 $7,728,867 $7,728,867 All Government & Enterprise Funds 2023 Transfers/ Jan 1, 2023 2023 2023 Other Financing Dec 31, 2023 Fund Balance Revenues Expenses Sources (Uses) Fund Balance Gov’t & Special Rev Funds General Government (#10) $7,462,684 $4,183,084 $4,029,186 $112,285 $7,728,867* Construction (#43) $(87,212) $812,964 $1,770,878 $54,036 $(991,090)* Debt Service Fund (#52) $776,140 $46,580 $368,128 $326,048 $780,640* CDA (#50) $165,324 $1,258 $27,936 $ - $138,646 Room Tax (#21) $13,869 $59,994 $73,863 $ - $ Landfill Fund (#22) $163,725 $2,597 $8,408 $ - $157,914 Medford Public Library (#23) $381,421 $317,294 $647,886 $165,156 $215,985 American Rescue Plan Act (#24) $ - $74,503 $74,503 $ - $ Police Special Revenue (#27) $52,388 $76,118 $78,307 $50,199 Fire Dept Membership (#41) $82,491 $24,422 $28,289 $78,624 Affordable Housing (#28) $341,446 $ - $187,000 $52,758 $207,204 Tax Incremental Districts TID 5 (#42) $15,268 $66,295 $2,175 $ - $79,388 TID 6 (#44) $68,969 $62,909 $79,120 $(52,758) $ - TID 7 (#47) $(169,915) $30,400 $7,272 $ - $(146,787) TID 10 (#45) $(309,784) $47,738 $11,469 $ - $(273,515) TID 11 (#51) $(27,311) $56,319 $2,995 $ - $26,013 TID 13 (#53) $(249,681) $264,762 $9,668 $(326,048) $(320,635) TID 14 (#54) $(1,947,017) $ - $157,380 $17,325 $(2,087,072) Enterprise Funds Water Utility (#62) $13,740,797 $1,070,634 $792,952 $(167,461) $13,851,018 Refuse/Recycling (#64) $750,263 $423,485 $410,007 $ - $763,741 Wastewater Utility (#66) $8,756,420 $1,762,080 $1,952,042 $ - $8,566,458 Electric Utility (#68) $9,963,188 $9,237,034 $9,266,708 $(164,016) $9,769,498 *Property Tax Levy Contributions General Gov’t Construction Debt Service to Funds #10, #43, #52 (#10) (#43) (#52) 2023 $981,893 $812,964 $46,580 2024 Amended $1,071,749 $741,000 $50,000 2025 Estimated $1,126,749 $810,000 $40,000 Notes: (1) Funds 21, 22, 41, 62, 66, and 68 are financed through user fees and other sources of funds not including the tax levy. (2) The Medford Public Library (23) is financed through user fees and other sources as well as through tax levy which is included in the General Fund. (3) Transfers/Other Financing Sources (Uses) include fund transfers and capital contributions/proceeds. A copy of the entire City of Medford 2025 proposed budget is available for public inspection at the City Clerk’s office located at 639 S. Second Street during normal business hours (8:00 a.m. to 4:30 p.m.). The budget public hearing will be held at 6:00 p.m. on Tuesday, October 1st, 2024, in the Council Chambers of Medford City Hall, 639 S. 2nd Street. All interested parties are invited to attend the hearing in person or submit written comment to the City Clerk prior to the scheduled hearing. Ashley Lemke, City Clerk, WCMC 141870_3 WNAXLP
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