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HomeMy WebLinkAbout68-98 OrdinanceRECORD OF ORDINANCES Dayton Legal Blank Co. Form No. 30043 68-98 Ordinance No.--- - ---- --- -------- Passed-- - - ---------- -- - - - - - --19-- - AN ORDINANCE TO ADOPT THE PROPOSED TAX BUDGET FOR FISCAL YEAR 1999 AND DECLARING AN EMERGENCY WHEREAS, Section 5705.28 of the Ohio Revised Code requires that City Council adopt a tax budget for the following year on or before July 15; and WHEREAS, the tax budget is required to be filed with the auditor(s), as secretary to the budget commission, on or before July 20. NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Dublin, State of Ohio, ~_ of the elected members concurring: Section 1. That the proposed 1999 tax budget here to attached as an Exhibit, be and hereby, is approved. Section 2. That this ordinance be, and the same hereby is, declared to be an emergency measure for the purpose of meeting the filing deadline established by the Ohio Revised Code which will allow the City to receive local government funding allocations, and therefore this ordinance shall take effect and be in force immediately upon its passage. Passed thi ~ day of , 1998. i Mayor -Presiding Officer ATTEST: ~~~t~/. Clerk of Council i herehy certify that copies of this Ordinance City of Dublin in accordance wits Section 731.25.25 o~~Ohio Revised Cotbi, T:\PER\DKP\96\089-6-MG. ~ fleck of Council, Oablin, Ohio Revised County Auditor's Form No. Aud 622 Rev. 4-88 Prepare in triplicate On or before July 20th two copies of this Budget must be submitted to County Auditor TAX BUDGET Dayton Legal Blank, Inc. Form No. 310060 Form Prescribed by the Auditor of State City of Dublin Franklin County Ohio (Date) June 10 , 1998 This Budget must be adopted by the Council or other legislative body on or before July 15th, and two copies must be sumitted to the County Auditor on or before July 20th. FAILURE TO COMPLY WITH SEC.5705.28 R.C. SHALL RESULT IN LOSS OF LOCAL GOVERNENT FUND ALLOCATION. To the Auditor of said County: The following Budget year beginning January 1, 1998, has been adopted by Council and is herewith submitted for consideration of the County Budget Commission. Signed ~~ ~•~V Name Marsha I. Grigsby Title Director of Finance T: \ P E R\ D K P\ 96\089-6-M G. 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SCHEDULE B LEVIES OUTSIDE 10 MILL LIMITATION, EXCLUSIVE OF DEBT LEVIES FUND Maximum Rate Authorized to be Levied Tax Year County Auditor's Estimate of Yield of Levy (Carry to Schedule A, Column 3 GENERAL FUND: Current Ex ense Le authorized b voters on / / not exceed ears. Authorized under Sect. , R.C. ~""" Current Ex ense Le authorized b voters on / / , not exceed ears. Authorized under Section. , R.C. Current Ex ense Le authorized b voters on / / not exceed ears. Authorized under Section. R.C. Current Ex ense Le authorized b voters on / / , not exceed ears. Authorized under Section. , R.C. Current Ex ense Le authorized b voters on / / not exceed ears. Authorized under Section. , R.C. not exceed ears. Authorized under Section. , R.C. Current Ex ense Le authorized b voters on / / not exceed ears. Authorized under Section. , R.C. TOTAL GENERAL FUND OUTSIDE 10 MILL LIMITATION SPECIAL LEVY FUNDS POLICE/SAFETY FUND, Le authorized b voters on 11/02/81, 1.2 not to exceed ONGOING ears. Authorized under Section , R. FUND, Le authorized b voters on / / not to exceed ears. Authorized under Section , R.C. w.~ FUND, Le authorized b voters on / / , not to exceed ears. Authorized under Section , R.C. "~" FUND Le authorized b voters on / / not to exceed ears. Authorized under Section , R.C. FUND, Le authorized b voters on / / not to exceed ears. Authorized under Section , R.C. FUND, Le authorized b voters on / / not to exceed ears. Authorized under Section , R.C. FUND, Le authorized b voters on / / not to exceed ears. Authorized under Section , R.C. FUND, Le authorized b voters on / / not to exceed ears. Authorized under Section , R.C. FUND, Le authorized b voters on / / not to exceed ears. Authorized under Section , R.C. FUND, Le authorized b voters on / / , not to exceed ears. Authorized under Section , R.C. t:\per\mig\99budget\99taxbud .^. FUND NAME: GENERAL FUND FUND TYPE/CLASSIFICATION: GOVERNMENTAL -GENERAL This Exhibit is to be used for the General Fund Oniv EXHIBIT I DESCRIPTION 1 For 1996 Actual 2 For 1997 Actual 3 Current Year Estimated for 1998 4 Budget Year Estimated for 1999 5 REVENUES Local Taxes _ General Pro a Tax-Real Estate $799,041 $886,626 $941,155 $941,155 "` Tan ible Personal Pro a Tax 127,997 125,173 146,807 146,800 Munici al Income Tax 19,113,942 21,083,079 24,036,000 25,958,880 ""' Other Local Taxes 0 0 0 0 Total Local Taxes 20,040,980 22,094,878 25,123,962 27,046,835 Inter overnmental Revenues State Shared Taxes and Permits Local Government 756,815 909,528 942,000 917,000 Estate Tax 233,068 156,799 75,000 25,000 Ci arette Tax 521 792 500 500 Li uor and Beer Permits 25,744 22,545 26,000 20,000 Gasoline Tax 0 0 0 0 Libra and Local Government Su ort Fund 0 0 0 0 Pro a Tax Allocation 107,158 112,876 96,970 96,800 Other State Shared Taxes and Permits 0 0 0 0 Total State Shared Taxes and Permits 1,123,306 1,202,540 1,140,470 1,059,300 Federal Grants or Aid 0 0 0 0 State Grants or Aid 0 44,982 0 0 Other Grants or Aid 0 0 0 0 Total Inter overnmental Revenues 1,123,306 1,247,522 1,140,470 1,059,300 S ecial Assessments 0 0 0 0 Char es for Services 6,790 14,948 5,000 5,000 Fines, Licenses, and Permits 1,889,849 1,930,131 1,382,340 1,297,340 Miscellaneous 1,525,701 1,191,225 977,000 660,500 Other Financin Sources: Proceeds from Sale of Debt 0 0 0 0 Transfers 0 0 0 0 Advances 2,507,104 205,399 367,300 546,000 Other Sources 39,177 80,467 15,000 30,000 TOTAL REVENUE 27 132,907 26,764,570 29,011,072 30,644,975 t:\per\mig199budget\99taxbud FUND NAME: GENERAL FUND FUND TYPE/CLASSIFICATION: GOVERNMENTAL -GENERAL EXHIBIT I This Exhibit is to be used for the General Fund Onl DESCRIPTION (1) For 1996 (2) For 1997 (3) Current Year Estimated for 1998 4 Budget Year Estimated for 1999 5 EXPENDITURES Secur' of Persons and Pro e •~ Personal Services $0 $0 $0 $0 Travel Trans ortation 0 0 0 0 Contractual Services 121,593 123,757 170,000 187,000 Su ties and Materials 43,483 28,455 87,500 96,250 Ca ital Outla 0 0 0 0 Total Secu ' of Persons and Pro a 165,076 152,212 257,500 283,250 Public Health Services Personal Services 0 0 0 0 Travel Trans ortation 0 0 0 0 Contractual Services 67,061 73,265 82,300 90,530 Ca italOutla 0 0 0 0 Total Public Health Services 67,061 73,265 82,300 90,530 Leisure Time Activfies Personal Services 0 0 1,387,000 1,525,700 Travel Trans ortation 0 0 15,200 16,720 Contractual Services 0 0 142,500 156,750 Su lies and Materials 0 0 213,050 234,355 Ca italOutla 0 0 182,000 200,200 Total Leisure Time Activities 0 0 1,939,750 2,133,725 Commun' Environment Personal Services 2,067,328 2,379,091 3,006,800 3,307,480 Travel Trans ortation 28,568 46,604 62,750 69,025 Contractual Services 574,982 929,423 834,500 917,950 Su lies and Materials 65,497 71,902 110,000 121,000 Ca ital Outla 42,904 110,686 70,700 77,770 Total Communi Environment 2,779,279 3,537,706 4,084,750 4,493,225 Basic Util' Services Personal Services 55,624 90,496 114,400 125,840 Travel Trans ortation 34 552 600 660 Contractual Services 771,616 807,771 1,025,980 1,128,578 Su lies and Materials 438 4,638 6,300 6,930 Ca italOutla 290 23,960 3,200 3,520 Total Basic Util' Services 828,002 927,417 1,150,480 1,265,528 t:\perlmig\99budget199taxbud .~. FUND NAME: GENERAL FUND FUND TYPE/CLASSIFICATION: GOVERNMENTAL -GENERAL This E~ibit is to be used for the General Fund OnN EXHIBIT I DESCRIPTION (1) For 1996 (2) For 1997 (3) Cun•ent Year Estimated for 1998 4 Budget Year Estimated for 1999 5 Trans ortation Personal Services 0 0 0 0 Travel Trans ortation 0 0 0 0 Contractual Services 0 0 0 0 Su lies and Materials 0 0 0 0 Ca ital Outla 0 0 0 0 Total Trans ortation 0 0 0 0 General Govemment Personal Services 2,161 796 3,711,177 3,326,300 3,658,930 Travel Trans ortation 106,626 114,336 193,550 212,905 Contractual Services 2,137,402 3,146,459 3,219,625 3,541,588 Su lies and Materials 618,228 649,125 785,350 863,885 Ca italOutla 149,588 213,718 184,200 202,620 Total General Govemment 5,173,640 7,834,815 7,709,025 8,479,928 Debt Service Redem tion of Princi al 0 0 0 0 Interest 0 0 0 0 Other Debt Service 0 0 0 0 Total Debt Service 0 0 0 0 Other Uses of Funds Transfers 8,799,441 10,611,424 16,125,000 14,455,000 Advances 4,505,665 4,267163 0 0 Contin encies 109,744 191,625 175,000 192,500 Other Uses of Funds 984,994 1,057,132 1,167,850 1,284,635 Total Other Uses of Funds 14,399,844 16,127,344 17,467,850 15,932,135 TOTAL EXPENDITURES 23,412,902 28,652 759 32,691,655 32 678,321 Revenues over/ under E enditures 3,720,005 1,888,189 3,680,583 2,033,346 Be innin Unencumbered Balance 15,337,837 19,057,842 10,624,257 6,943,674 Endin Cash Fund Balance 19,057,842 17,169,653 6,943,674 4,910,328 Estimated Encumbrances 1,085,267 6,545 396 0 0 Estimated Endin Unencumbered Fund Balance $17,972,575 $10,624,257 $6,943,674 $4,910,328 t:\per\mig\99budget199taxbud FUND NAME: SAFETY/POLICE OPERATING FUND TYPE/CLASSIFICATION: SPECIAL REVENUE EXHIBIT II To be used for any fund receiving property tax revenue except the General Fund. DESCRIPTION (1) For 1996 Actual 2 For 1997 Actual 3 Current Year Estimated for 1998 4 Budget Year Estimated for 1999 5 REVENUE XXXXXX)UC X)UUWUUC XXX)UUUUUC XXX)UWUC Local Taxes $768 908 $805 949 $741,900 $764,200 iter ovemmental Revenue 127,544 113,136 84 250 84,250 :har es for Services 220,287 201,593 215,000 215,000 r.rAiscellaneous 37,489 30,172 10,500 10,500 Other Financin Sources: Transfers 2,800,000 3,000,000 3,900,000 4,500,000 Other Sources 3,683 4,229 2,500 2,500 TOTAL REVENUE 3,957,911 4155,079 4,954,150 5,576,450 EXPENDITURES (Identify each program and object XXXXXXXX XXXXXXXX XXX)VUUUC XXX)UUUUC code at the same level shown on XXX)UUUUC XXX)UUUUC XXXXXXXX XXXXXXXX Exhibit I) X)UUWUUC XXX)UCXXX XX)UUWUC XXX)UUUUC PROGRAM OBJEC XXX)UUUUC XX)UCXXXX X)UUWUU( X)UUUUUUC Secu ' of Persons and Pro e Personal Services 3,560,634 4,055,140 4,750,000 5,225,000 TraveUTrans ortation 56 703 69 968 98 500 108 350 Contractual Services 82,345 84,952 141,500 155,650 Su lies and Materials 62 302 89,342 95,700 105 270 k Ca RalOutia 50,084 30,364 72,400 79,640 Other Uses Refunds 50 70 500 TOTAL EXPENDITURES 3,812,118 4,329,836 5,158,600 5,673,910 Revenues Over (Under) Expenditures 145,793 174,757 204,450 97,460 Beginning Unencumbered Fund Balance (Use Actual Cash Balance in Col. 2 and 3) 378,652 524,445 349,688 145,238 Ending Cash Fund Balance 524 445 349,688 145,238 47,778 Estimated Encumbrances (outstanding at end of year) 98,158 118,628 0 0 Estimated Endin Unencumbered Fund Balance $426,287 $231,060 $145,238 $47,778 t:\perlmig\99budget199taxbud FUND NAME: GENERAL OBLIGATION BOND RETIREMENT FJCHIBIT II FUND TYPE/CLASSIFICATION: DEBT SERVICE To be used for any fund receiving property tax revenue except the General Fund. DESCRIPTION (1) For 1996 Actual 2 For 1997 Actual 3 Current Year Estimated for 1998 4 Budget Year Estimated for 1999 5 REVENUE XXX)UUUUC XXX)UUUUC XXX)UUUUUC X)UUUUUUt Local Taxes $87,158 $94,519 $102,280 $105,348 nter ovemmental Revenue 10,075 10,613 9,665 9,425 ~Aiscellaneous 36,317 8175 5,000 5,000 Wither Financin Sources: Proceeds From Sale Of Debt 17,413,385 8,914,240 17,800,000 14,500,000 Transfers 4 472,765 3,512,800 3,910 230 4 365,600 TOTAL REVENUE 22 019,700 12,540 347 21,827,175 18,985,373 EXPENDITURES (Identify each program and object XXX)UUUUC XXX)UCXXX XXX)UUUUC XXXXX)UUC code at the same level shown on XXX)UUUUC XX)UUUUUC XXXXX)UUC X)UUWUUC Exhibit I) ~ XXX)UUUUC X)UWUCXX XXXXXXXX XXX)UUUCX PROGRAM OBJEC XXXXXXXX XXX)UUUUC XXX)UUUUC XXXX)UUUC Debt Service: Redem tion of Princi al 20,315 400 10,579,300 19,505,400 16,569,600 Interest 2,018,983 1,867,934 2,013,226 2,309,036 Other Debt Service 274 344 500 500 TOTAL EXPENDITURES 22,334,657 12 447,578 21 519 126 18,879,136 Revenues Over (Under) Expenditures 314,957 92,769 308,049 106,237 Beginning Unencumbered Fund Balance (Use Actual Cash Balance in Col. 2 and 3) 372165 57 208 149 977 458,026 Ending Cash Fund Balance 57,208 149,977 458,026 564,263 Estimated Encumbrances (outstanding at end of year) 0 0 0 0 Estimated Endin Unencumbered Fund Balance $57,208 $149,977 $458,026 $564,263 t:\per\mig\99budget199taxbud w*b, H m X W to O to O O LO O O O O O O M 1~ O O sf O ~ X 0 0 CD O O O O O ~ O n O N N f0 O f° r Gp ~O ~- 1n ~ O 00 01 M O 00 00 i~ t° ~ 1A W 'O ~ ~ O) N CO O I~ a0 f~ st ~ ~ 00 ~ n N Cr1 ('~ ~O °' ~ `~ N ~O f- O ~ M ~ C9 O ~ O ~ ~O a ~ E '~ E ~ U c W ~ C !~ m 1n 0 lA O O IA O O O O O ~ I~ M O O O O O ~ ~ O N O N O O O M ~ ~ N ~ O O M Op M 00 O st O to O ~- <O 1~ O O O ~ 1° 1~ O O ~ N ~ ~ ~ O) Q M r N ~! 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N M O M O O O O ~ `~t O ~ ~ R -p N ~ ~ c0 O O M M O <O O f~ O } ~ a ~ ~ O M 47 O to O 1n 10 ' 0 0 N I~ ~ M ~ N N N ~ d O (~ M ~~ d M N t0 N ~" N ~O M M ~O M r fV M r r OD ~ ~ ~ m lL 'p O O O O O O O O 0 0 0 0 0 0 ~ U o O O O O O O O O O O O O O O O Of Q~ O O a0 a 0 O O O ~A ~A I~ ~ ~ ~ ~ O O O O ^ N ~ ~ p N ~ N ~ N ~ ~ ~ O D tfi 7 m 0 ~ 1~ CO ~' O r In <O CO sf C p ~ ~ W ~ ~ ~ ~ W y ~ ~ ~ C C ~ ~ 0 } - ~ `o ~ ~ Z ~ ~ ~ Z w ~ LL ~ ~ ~ p U ~ w W ~ m U ~ _ v t Z ~ a ~ U Z ~ Z ~ 0> ~ ' ~ LL _ ~ U > LL ~ 'n W Z Z v ~ c c cn W W ° v °- W V U > Q ~ LL Nv z U U U m .. w U °~ ~ O ~ Z c ~o ~ w LL a ~ ~ ~ ~ a~ i a °~ Z C7 a i a~ i ° ~' ~ a ~ W W W ~ ~ ~ ~ Q d ~ d o U ~ _ Q~ H ~ ~ z m U H Z ~ d c ~ O ~ W c w J Q ~ a> U Z Q c U d 0 ~ LL J a a~ ` L J ~ ~., y y J 1- w r J J ` °= °' ~ W ° Y C V ~ O H F- a F- ~ E a a i H H ~ O O d W~ ~ ~ Z W J ~ ~ F- ~ U o Q STATEMENT OF PERMANENT IMPROVEMENTS EXHIBIT N (Do Not Include Expense to be Paid from Bond Issue) f Section 5705.29. Revised Codel DESCRIPTION Estimated Cost of Permanent Im rovement Amount to be Budgeted During Current Year Name of Paying Fund Leisure Time Activities Bikewa Maintenance/Additions 3175 000 3175 000 Ca ital Im rovements Tax Fund Various ark im rovements 1,460,000 1460 000 Ca ital Im rovements Tax Fund cans rtation iAnnual street maintenance 1,125,000 1 125,000 Ca ital Im rovements Tax Fund Various roadwa im rovements 11 155,000 11,155,000 Ca ital Im rovemer>ts Tax Fund General Government Various C' E ui ment 1,148 000 1 148,000 Ca ital Im rovements Tax Fund Other ca ital im rovements 886,000 886,000 a ' I Im rovements Tax Fund TOTAL 315,949,000 315,949,000 For the year being budgeted, list each contemplatd disbursement for permanent improvements,exclusive of any expense to be paid from bond issues, by ti,e fund from which the expenditure are to be made. t:~perUnig~99budget~99haxbud STATEMENT OF AMOUNTS REQUIRED FOR PAYMENT OF FINAL JUDGEMENTS (Section 5705.29. Revised Code) EXHIBIT V DESCRIPTION AMOUNT OF FUND PAYING JUDGEMENT JUDGEMENT TOTAL List the amounts required for the payment of each judgement expected to be paid during the year being budgeted. t:\per\mig\99budget\99taxbud } m x ~ x m w ~ 0 0 0 ~ ~N~~ ~ ~ ~ ~ S g 2ii ~ a"d '~ a~' n N v iri ~ ~Q jp `~ 7 C y ii4 ~ ~ a ~ ~ dF C_ Oj m O 1~~ O pO ~Np }~Q ~ $~j W p et W In N Ol N ~ f3 7 '- C m O ~p ~ O C Y1 C N ' Z C_ ~ Q5 W ~ ~ N ~pp O ~ 11 ~ ~ O ~ o ^ ~ 1~ < O n ~ W ~ ~ N N R N N ~ N N N ~ ~ ~ N ^ ~ N N 1l1 O Q' C ~ Q ~ r ~ r O ~ ~ IA Q W C ~ C W Q O ~ a ~ o ~~ €~~~ ~ ~ Q ~ o J ~ O c LL Z N y E d w Z ~ c g N Z Q C ~ y N _J ~ ~ ~ O a ~ ~ w o v o ~ ~ O p ~ ~ E E 0 r C .~ d L O ~ m 'O ~ ~ ~' s a r W E O `' z ~° .~ ~ O O d b L ~~ ~N 'O a .~ City of Dublin Bond Payment Schedule Filename:T:\PER\MIG\QPROPRIV\OSDEBT\BONDSPAY 03/15/96 Date 1999 Of Interest Ord. Res. Original O/S PRINCIPAL II~TEREST Issue Rate No. No. Amount PRINCIPAL PAYMENT PAYMENT Unvoted Bonds (G.O.) #1 Sewer 11-01-75 7.75% 51-75 41-75 $200,000 $40,000 $5,000 $3,100.00 .~• *Coffman-Sawmill Waterline 04-15-78 5.50% 20-78 10-78 509,405 0 0 0.00 Old Dublin Waterline 12-01-79 7.125% 102-78 52-79 487,249 55,249 24,000 3,936.49 * Water Tower Construction OS-01-83 8.625% 16-83 09-83 859,000 220,000 40,000 18,975.00 ''` * PostRoad Waterline° OS-01-83 8.625% 18-83 09-83 575,000 150,000 30,000 12,937.50 * Frantz/Post/33 OS-01-83 8.625% 17-83 09-83 545,000 135,000 30,000 11,643.75 * Glick Road Improvement 11-01-85 8.875% 62-85 28-85 200,000 80,000 10,000 6,900.00 * Frantz Road Blvd. 11-01-85 8.875% 60-85 27-85 590,000 240,000 30,000 20,700.00 ** AveryRoad Waterline 11-01-85 8.875% 61-85 26-85 383,000 160,000 20,000 13,800.00 * Municipal Building Expansion 11-01-85 8.875% 59-85 25-85 800,000 320,000 40,000 27,600.00 ** Water Tower Construction 12-01-90 6.79% 113-90 N/A 2,200,000 1,555,000 100,000 104,147.50 * Swimpiing Pool Construction 12-01-90 6.79% 114-90 N/A 1,200,000 830,000 55,000 55,555.00 ** Water System7mprovements 12-01-90 6.79% 112-90 N/A 1,550,000 1,090,000 70,000 72,995.00 * Frantz Road Improvements 12-01-90 6.79% 116-90 N/A 455,000 365,000 20,000 24,500.00 * Service Complex 12-01-90 6.79% 115-90 N/A 2,400,000 1,695,000 110,000 113,510.00 * Sanitary Sewer Improvements 12-01-90 6.79% 117-90 N/A 1,800,000 1,225,000 85,000 81,932.50 ** RingsBlazer Water Tower 10-15-94 6.14% 94-94 N/A 4,100,000 3,580,000 145,000 221,945.00 Rings/Blazer Water Tower 10-15-94 5.34% 93-94 N/A 40,000 25,000 5,000 1,662.50 11,765,249 819,000 795,840.24 Unvoted Special Assessment Bonds Riverforest Waterline 10-03-77 5.50% 58-77 35-77 181,950 0 0 0.00 Coffman-Sawmill Waterline 04-15-78 5.50% 20-78 10-78 143,678 0 0 0.00 Old Dublin Waterline 12-01-79 7.125% 102-79 52-79 312,715 24,751 16,000 1,763.51 Phase II Sewer 07-01-81 10.875% 32-81 32-81 400,000 60,000 20,000 6,525.00 Shier-Rings Waterline 09-01-87 7.375% 82-87 96-87 95,623 45,000 5,000 3,318.75 Dublin Village Center Lighting 10-01-92 5.51% 107-92 46-90 165,000 105,000 10,000 5,905.00 23 4,751 51,000 17,512.26 Voted Bonds (G.O.) r.:. #1 Sewer (OS-07-68) 12-01-74 7.125% 52-74 29-74 100,000 21,000 3,000 1,496.25 #2 Sewer (11-02-76) 07-01-79 6.50% 56-79 34A-79 225,000 90,000 10,000 5,850.00 * Coffman Road Extension 12-01-90 6.79% 118-90 N/A 315,000 245,000 15,000 16,385.00 * Municipal Facility(Land) 12-01-90 6.79% 119-90 N/A 890,000 635,000 45,000 42,455.00 ' N.E. Quadrant Parkland 12-01-90 6.79% 120-90 N/A 1,225,000 850,000 55,000 56,927.50 * Dublin Justice Center 10-01-92 5.99% 108-92 N/A 4,100,000 3,090,000 195,000 185,490.00 Duke Realty TIF 10-15-94 5.34% 91-94 N/A 780,000 420,000 135,000 27,930.00 * Community Recreation Center 02-01-96 4.53% 123-95 N/A 6,615,000 5,620,000 395,000 250,470.00 Metatec TIF 02-01-96 4.27% 124-95 N/A 690,000 525,000 55,000 22,380.00 11,496,000 908,000 609,383.75 Voted Special Assessment Bonds #1 Sewer (OS-07-74) 04-15-78 5.25% 19-78 09-78 652,095 0 0 0.00 Tu1lerRoad 10-15-94 6.14% 90-94 N/A 1,185,000 1,070,000 45,000 66,368.00 1,070,000 45,000 66,368.00 Total Debt Payments $24,566,000 1,823,000 $1,489,104.25 * Supported by income tax revenue. * * Supported by Water Fund revenues to the extent they are available. Department of Finance 5200 Emerald Parkway • Dublin, Ohio 43017-1006 CITY OF DUBLIN phone: 614-761-6500 • Fax: 614-889-0740 Memo To: Members of Dublin City Council From: Timothy C. Hansley, City Manager Date: June 10, 1998 Re: 1998 Tax Budget Initiated by: Marsha I. Grigsby, Director of Finance`~~ ~~- The tax budget is a very preliminary step in the 1999 budget process. As stated in the Ordinance the tax budget is required by the Ohio Revised Code. Once adopted, it will be filed with the Delaware, Franklin and Union County Budget Commissions. The primary importance of the tax budget is that by filing it with the County Budget Commissions by July 20 we are eligible to receive local government funding from the Counties. The Franklin County Budget Commission also reviews the property tax levies that are assessed outside the ten-million limitation to determine whether or not the millage is appropriate. We will be asking to have this legislation adopted as an emergency on July 6 in order to meet the July 20 deadline for filing the tax budget with the County Auditors. '~' If you have any questions, please let me know. T:\PER\DKP\98\064-8-MG. WPD