AN ORDINANCE ADOPTING THE BUDGET FOR THE CITY OF ILWACO, WASHINGTON, FOR THE FISCAL YEAR ENDING DECEMBER 31, 2007.

WHEREAS, the Mayor of the City of Ilwaco, Washington completed and placed on file with the City Treasurer a proposed budget and estimate of the amount of moneys required to meet the public expense, bond retirement and interest, reserve funds and expenses of government of said City for the fiscal year ending December 31, 2007, and a notice was published that the Council of said city would meet on the 26th day of December 2006 at the hour of 6:00 p.m., at the council chambers of said city for the purpose of making and adopting a budget for said fiscal year and giving taxpayers within the limits of said city an opportunity to be heard upon said budget; and

WHEREAS, the City Council did meet at said time and place and did then consider the matter of said proposed budget; and

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

NOW, THEREFORE, the City Council of the City of Ilwaco do ordain as follows:

Section 1. The budget of the City of Ilwaco, Washington, for the year 2007 is hereby adopted at the fund level in its final form and content as set forth herein, three copies of which are on file in the Office of the Clerk.

Section 2. Estimated resources, including fund balances or working capital for each separate fund of the City of Ilwaco, and aggregate totals (net of transactions between funds) for all such funds combined, for the year 2007 as set forth below including any exceptions and deferrals noted:

FUND AMOUNT

General $600,657.00

Fire Reserve $220,772.00

Street $148,288.00

Street Equipment Reserve $13,095.00

Tourism $65,000.00

Friends of Library $542.00

Black Lake Park Project $54,210.00

Excise Reserve $77,300.00

Water $536,500.00

Water/Sewer Equip. Reserve $47,141.00

Water/Sewer Bond Redemption $371,726.00

Water/Sewer Bond Reserve $260,461.00

Water/Sewer Maint. Reserve $22,035.00

Sewer $828,050.00

Water Treatment Plant Improvements $194,073.00

Sewer Improvements $298,551.00

TOTAL ALL FUNDS: $3,738,401.00

Section 3. The City Treasurer is directed to transmit a certified copy of the budget hereby adopted to the State Auditor's Office and to the Association of Washington Cities.

Section 4. The City Treasurer is directed to transmit a budget status report to the City Council prior to the City Council meeting on the 4th Monday of each month starting in January 2007 and continuing indefinitely. Such report is to be in a format acceptable to the City Council.

Section 5. This ordinance shall be in force and take effect five (5) days after its publication according to law.

Passed by the Council and approved by the Mayor this 26th day of Dec. 2006.

Doug Hubbard, Mayor/Melissa K. Busby, Treasurer

Published January 3, 2007

Legal No. 408

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