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PROPOSED BUDGET FOR FISCAL YEAR 2004-05

| October 18, 2004 9:00 PM

CITY OF PONDERAY, IDAHO

A PUBLIC HEARING, pursuant to Idaho Code 50-1002, will be held for consideration of the proposed budget for the fiscal year October 1, 2004 to September 30, 2005. The hearing will be held at City Hall, 288 4th Street, Ponderay, Idaho at 6:00 P.M. on August 30, 2004. All interested persons are invited to appear and show cause, if any, why such budget should or should not be adopted. Copies of the proposed City Budget in detail are available at the City Hall during regular office hours. City Hall is accessible to persons with disabilities. Anyone desiring accommodations for disabilities related to the budget documents or to the hearing, please call the City Clerk's office, 265-5468, at least 48 hours prior to the public hearing. The proposed FY 2004-05 Budget is shown below as FY-04-05 proposed expenditures and revenues.

Proposed Expenditures

FY02-03 FY03-04 FY04-05

ACTUAL BUDGET BUDGET

FUND NAME EXPEND. EXPEND. EXPEND.

GENERAL FUND

ADMINISTRATIVE $211,871 $291,311 $336,778

POLICE 288,994 340,381 377,018

TOTAL GENERAL FUND $500,865 $631,692 $713,796

STREET FUND $122,506 $715,436 $457,670

GRAND TOTAL ALL-FUNDS

- EXPENDITURES $623,371 $1,347,128 $1,171,466

Proposed Expenditures

PROPERTY TAX LEVY

GENERAL FUND ACTUAL:

ADMINISTRATIVE $77,292 $56,725 $56,725

POLICE 261,590 278,416 328,818

TOTAL GENERAL FUND $338,882 $335,141 $385,543

STREET FUND $86,864 $90,017 $55,957

TOTAL PROPERTY

TAX LEVY $425,746 $425,158 $441,500

REVENUE SOURCES OTHER

THAN PROPERTY TAX

GENERAL FUND $232,446 $296,551 $328,253

STREET FUND 190,105 625,419 401,713

TOTAL OTHER

REVENUE SOURCES $422,551 $921,970 $729,966

GRAND TOTAL ALL FUNDS

- REVENUES $848,297 $1,347,128 $1,171,466

I, NANCY B. PIATT, CITY CLERK FOR THE ABOVE CITY OF PONDERAY, IDAHO, DO HEREBY CERTIFY THAT THE ABOVE IS A TRUE AND CORRECT STATEMENT OF THE PROPOSED EXPENDITURES AND REVENUES FOR FISCAL YEAR 2004-05, ALL OF WHICH HAVE BEEN TENTATIVELY APPROVED BY THE CITY COUNCIL AND ENTERED IN DETAIL IN THE JOURNAL OF PROCEEDING. PUBLICATION DATES FOR THE NOTICE OF PUBLIC HEARING ARE AUGUST 20, AND 27, 2004, IN BONNER COUNTY DAILY BEE.

DATED AUGUST 8, 2004.

NANCY B. PIATT

CITY/CLERK

Legal SNP #5430

August 20, 27, 2004