josephine county overview of budget process – part 1 presented at weekly business session april 1,...
DESCRIPTION
Purpose of Oregon Local Budget Law Establish standard procedures Outline programs and fiscal policies Require estimates of resources and expenditures Encourage citizen involvement Control expenditure of public funds 04/01/2015 Josephine County Overview of Budget ProcessTRANSCRIPT
Josephine CountyOverview of Budget Process – Part 1Presented at Weekly Business SessionApril 1, 2015
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Oregon Local Budget Law• ORS 294.305 Sections constituting Local Budget Law. ORS
294.305 to 294.565 shall be known as the Local Budget Law.
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Purpose of OregonLocal Budget Law
• Establish standard procedures•Outline programs and fiscal policies•Require estimates of resources and
expenditures• Encourage citizen involvement•Control expenditure of public funds
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Budget Process – 4 Phases
• Phase 1 – Propose the Budget• Phase 2 – Approve the Budget• Phase 3 – Adopt the Budget
• Phase 4 – Budget Changes after Adoption
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Phase 1 – Propose the Budget
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1. Appoint a Budget Officer
2. Establish Budget
Calendar
3. Establish Budget
Directives
4. Departments meet with BCC
Liaison
5. Departments Develop
Proposed Budget
6. Finance consolidates into Budget
Book
7. Budget Officer presents Balanced
Budget to Committee
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What is a Budget?• A financial plan• For one fiscal year (July 1 –
June 30)• Based on estimates of
revenues & expenditures• All resources & requirements
must be budgeted.• Resources & requirements
must balance.• Estimates of resources &
requirements must be made in “good faith”.
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Phase 2 – Approve the Budget
• Budget Committee meets in public session• Schedules subsequent meetings, if needed• BC approves the budget and tax rate• Approved Budget published
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Budget Committee Duties• Receive the Budget Document• Hear the Budget Message• Hear and consider public comment• Discuss and revise the budget as needed• Approve the Budget• Approve the Property Taxes
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Phase 3 – Adopt the Budget
• Publish Notice of Budget Hearing• Board of Commissioners hold Public
Hearing and adopts budget with appropriation & property tax resolution
• Submit LB-50 Property Tax Form to Assessor (by July 15)
• Submit Budget to Clerk (by Sept 30)
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Property Tax Cycle
Budget Committee - Approves Budget &
Sets Tax Rate
County Commissioners – Adopts Budget &
Resolution
Assessor - Appraises Property & Calculates
Taxes
Tax Collector - Sends Bills & Collects Taxes
Treasurer - Distributes Revenue
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Tax Rates for Selected Counties
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Sherman Wheeler Harney Lake Marion* Benton* Jackson* Klamath* Lane* Douglas* Curry* Josephine*
(pop.1,825)
(pop.1,590)
(pop.7,720)
(pop.7,570)
(pop.320,640)
(pop.87,000)
(pop.207,745)
(pop.66,475)
(pop.348,550)
(pop.105,240)
(pop.21,160)
(pop.83,600)
8.7141 8.5266
4.5016
3.7619
3.0252
2.20522.0099 1.7326
1.2793 1.11240.5996 0.5867
Tax Rates for Selected Oregon Counties
Dollars per $1000 of assessed valueRates based on permanent authorized rate
(*Denotes O&C County)
Josephine County has the lowest permanent tax rate of all Oregon
counties.
