The purpose of the Budget Committee shall be to advise the City Council regarding the City Budget and perform the following tasks:
Review and make recommendations the city budget.
Advise on utility budget analysis and recommendations.
Advise on city budget for operation and capital improvements.
Fulfill the responsibilities of a municipal budget committee under state law.
In addition, the committee may advise the council on any matter upon which the council requests guidance.
2019-2020 BUDGET COMMITTEE
Mayor Jeremy Gordon
Lori Jean Sickles
Lynn Sampson- Bailey
Budget Officer 2019-2020: City Manager, Mac Cornell
CITY OF FALLS CITY
BUDGET COMMITTEE MEETING
A public meeting of the Budget Committee of the City of Falls City, Polk County, State of Oregon to discuss the budget for the fiscal year July 1, 2019 to June 30, 2020 will be held at 320 N Main Street, Falls City, Oregon 97344. This meeting will take place on April 18, 2019 at 6:30 pm. The purpose of this meeting is to receive the budget message and to receive comment from the public on the budget. A public hearing will also be held on the use of State Revenue Sharing Funds at this meeting. A copy of the budget document may be inspected or obtained on or after TBD, between the hours of 10:00 am and 4:30 pm at 299 Mill Street, Falls City, Oregon 97344. This is a meeting where deliberation of the Budget Committee will take place. Any person may appear at the meeting and discuss the proposed programs with the Budget Committee.
6:00 pm Thursday, April 18, 2019
THE BUDGET PROCESS
A budget as defined by Oregon State Law (Oregon Revised Statutes (ORS), Chapter 294), is a financial plan containing estimates of revenues and REQUIREMENTS for a given period or purpose, such as the fiscal year. The City is required to budget all funds and for each fund to have a balanced budget. The state of Oregon defines balanced budgets as one in which total resources, including beginning balances (Net Working Capital), current resources and debt proceeds, equal total requirements, including current year REQUIREMENTS, capital outlay, transfers, debt service and any other requirements such as debt service reserves. As a rule, local governments in Oregon operate on a fiscal year that begins on July 1 and ends the following June 30. Falls City’s budget operates on this schedule. Budgeting is critical to cities because it requires local governments to evaluate plans and establish priorities in relation to available financial resources. Also under ORS, a legally adopted budget is necessary to establish and justify a given rate and or amount of property taxes to be levied on the property within the city.
The City of Falls City’s budget will accomplish each of the four major purposes of Oregon Local Budget Law(ORS 294.305 – 294.555 and 294.565) including: Establish standard financial procedures outline programs and services in conjunction with the fiscal policy and implement those policies provide methods of estimating revenue, REQUIREMENTS, and proposed tax levies encourage public involvement in the budgeting process before budget adoption Falls City prepares and adopts its annual budget in accordance with the City Charter, Oregon Law and the Government Finance Officers Association budget guidelines. Before the budget can accomplish these goals a schedule for preparation is developed. This schedule is called the Budget Calendar.
Council Correspondence can be sent to:
City of Falls City
299 Mill Street
Falls City, Oregon 97344
If you are interested in applying for membership on the Budget Committee, please click on the link below. Fill out entire form and bring or mail to City Hall at the address above.