Details for CITY OF JEROME - Ad from 2019-08-08

Notice of Public Hearing
Jerome Urban Renewal Agency
Proposed Budget or Fiscal Year 2019-20
A public hearing for consideration of the proposed Jerome Urban Renewal Agency budget for the fiscal year that begins
October 1, 2019 and ends September 30, 2020 will be held at the Jerome City Council Chambers, located at 100 East Avenue A,
Jerome, Idaho on August 22, 2019 at 3:00 p.m. pursuant to Idaho Code 50-1002. Written or oral comments about the proposed
budget are welcome. Written comments may be submitted prior to the meeting to: Jerome Urban Renewal Agency,
152 East Avenue A, Jerome, Idaho 83338.
The Agency budget funds the programs, services and capital projects that the Agency Board and the City Council by way of
adoption of the Urban Renewal Plans, have determined to be important to meet the Agency’s strategic goals and meet the needs
of the residents and businesses within the Agency’s boundaries.
The public hearing on the proposed budget is required for formal adoption of the FY 2019-20 budget. The City council Chambers
are accessible to persons with disabilities.
FY 2017-18
ACTUAL

FY 2018-19
BUDGET
ACTUAL (Est.)

FY 2019-20
PROPOSED

REVENUE:
Area 2 - SE Industrial
Cash Carryover and Reserve Funds
$$638,399
$$735,322
Tax Increment Revenue
$1,583,087
$1,700,000
$1,637,261
$1,637,261
Property Tax Replacement
$11,619
$11,619
$11,619
$2,968
Other Revenue (Governmental or Inv. Earnings)
$29,860
$4,000
$9,578
$1,022
1
$$Other Revenue (Misc)
Area 3
Cash Carryover and Reserve Funds
$$70,836
$$120,703
Tax Increment Revenue
$66,186
$66,731
$128,986
$128,986
Property Tax Replacement
$$$$8,030
Other Revenue (Governmental or Inv. Earnings)
$$$$2,764
Area 4
Cash Carryover and Reserve Funds
$$$$11,689
Tax Increment Revenue
$$$24,303
$24,303
Property Tax Replacement
$$$$621
Other Revenue (Governmental or Inv. Earnings)
$$$$214
Area 5
Cash Carryover and Reserve Funds
$$$$Tax Increment Revenue
$$$$225,000
Property Tax Replacement
$$$$Other Revenue (Governmental or Inv. Earnings)
$$$$TOTAL REVENUES
$1,690,753
$2,491,585
$1,811,747
$2,898,883
1. Any tax delinquency revenue received from South Lincoln will be immediately disbursed to the County Clerk for
payment to the taxing entities as provided for under the South Lincoln Termination Plan.
EXPENDITURES:
Area 2 - SE Industrial:
Office Supplies and Postage
$$50
$50
$50
Operating Supplies
$$100
$100
$100
Professional Services
$31,597
$22,000
$22,000
$10,120
Advertising and Publishing
$418
$400
$420
$353
Insurance
$1,286
$1,350
$1,350
$345
Dues and Subscriptions
$1,350
$1,350
$1,350
$345
Personnel Training
$1,544
$2,500
$$Debt Service
$1,200,492
$1,222,860
$1,222,860
$1,250,000
Misc. Expense
$$25
$25
$25
Reimburse Scoular-Jackson
$500,000
$500,000
$500,000
$600,000
Area 4 Expense2
$$500
$300
$$$$17,445
$500
Area 5 Expense2
Administration Expense
$7,421
$9,250
$9,250
$3,909
Economic Development Support
$25,000
$25,000
$25,000
$25,000
Inside Engineering Services
$19,199
$5,250
$6,900
$Capital Outlay - Construction
$612,366
$563,383
$387,634
$485,826
Area 3
Office Supplies and Postage
$$50
$$50
Professional Services
$6,666
$30,000
$6,379
$15,204
Advertising and Publishing
$$400
$$515
Insurance
$$$$933
Dues and Subscriptions
$$$$933
Debt Service
$$$25,322
Administration Expense
$2,520
$3,053
$1,000
$10,576
Capital Outlay - Construction
$$104,064
$50,000
$206,950
Area 4
Office Supplies and Postage
$$$$Professional Services
$$$$1,176
Advertising and Publishing
$$$$32
Insurance
$$$$72
Dues and Subscriptions
$$$$72
Debt Service
$$$$13,511
Administration Expense
$$$$818
Capital Outlay - Construction
$$$$21,146
Area 5
Office Supplies and Postage
$$$$Professional Services
$$$$Advertising and Publishing
$$$$Insurance
$$$$Dues and Subscriptions
$$$$Debt Service
$$$$17,620
Administration Expense
$$$$Capital Outlay - Construction
$$$$207,380
TOTAL EXPENDITURES
$2,409,859
$2,491,585
$2,252,063
$2,898,883
2. Any expenses paid from the Southeast Industrial Area that are related to proposed Area 4 or proposed Area 5 will be
repaid from the corresponding area at such time when revenues from the area(s) are sufficient for repayment.
I, Lori S. McCrae, Treasurer of the Jerome Urban Renewal Agency, do hereby certify that the foregoing is a true and correct
statement of the proposed expenditures and revenues for fiscal year 2019-20, all of which have been tentatively approved.
/s/ Lori S. McCrae
PUBLISH: August 8, 2019 and August 15, 2019
Lori S. McCrae, Agency Treasurer

Categories

You may be interested in

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.