Oregon City Code Sec. 2-113 Department of Finance
To the department of finance is assigned city accounting, including supervision over the clerk and treasurer. Said department is also required to attend to the printing, publication and distribution as required by law of all city accounts filed against the city and shall recommend their allowance or rejection. This department shall also have supervision of the care of Mix Park and the management or employment of a municipal band.
Sec. 2-161 Fiscal Year
The fiscal year of the city shall commence on the first day of May of each year and shall end on the last day of the next succeeding April, including both of said days.
Appropriation Ordinance 2009-2010
This annual appropriation ordinance covers the fiscal year May 1, 2008 to April 30, 2010. The appropriation ordinance is a statement of the maximum amount that could conceivably be spent within each of the 24 city fund accounts. The city cannot incur any expense that is not listed in the ordinance so all possible expenses are included. The ordinance is not a reflection of actual expenses.
As a supplement to the ordinance the City of Oregon budget is also attached. The budget shows anticipated revenues and expenses. While there are also contingencies built into the budget, it is our best estimate of actual anticipated revenues and expenses.
City of
Oregon
Official Site of Oregon, Illinois
This page was last updated: November 21, 2012
PREVIOUS REPORTS
REPORTS
State of Our Financial Condition Budget Year Ending 4/30/2011
Report to the City by the Finance Commissioner Ken Williams 03/14/2011.
We are wrapping up our current fiscal year and on 05/1/2011 begin a new one. We will begin our budget process this week and I believe it helpful to provide a fiscal state of our city.
The City of Oregon is in great financial condition. While other cities have huge unfunded deficits we continue to carry a balanced operating budget thanks to the difficult decisions made by this council.
Key financial considerations affecting this next year’s budget are:
1. We again will spend no more than what comes in. Our operating budget will be balanced. We reduced over $200,000 in operating expenses over the past two years to reach this goal.
2. Sales tax revenue is up; more people are spending money in our city. This year we have outpaced other communities in the county with a sales tax revenue increase of 24%. Increased auto sales and the results of business district efforts to show people Oregon is a great place to live work and play are likely contributors to this increase.
3. Property tax revenues are budgeted to stay one of the lowest in the county. Our property tax is equal to Forreston and lower than Polo, Mt Morris and Byron. About 35% of city income comes from property
taxes.
4. Since 1995 city property tax rates, not counting pensions, have increased an average of 1% per year. The total property tax rate increase over the fifteen year period was from .756 in 1995 to .873 in 2010, an increase of 15% or 1% per year.
5. Since 1995 the state required city property tax rate for pensions increased 4% per year. Cities are required to levy the amount needed to meet public employee pension funding as determined annually by the state. The rate required by the state went from .106 in 1995 to .171 in 2010, an increase of 61% or 4% per year average.
6. Utility tax revenues average $3.73 per month for each household. On an ongoing basis I recommend 50% of the utility tax dollars collected be placed in a Streets Capital Improvement fund to meet the continuing needs of our citizens for safe and well maintained streets.
Oregon Finance Commissioner, Ken Williams, commented “It is no accident we are in great financial condition. The taxpayers can feel good knowing its Mayor and Council made the difficult choices resulting in Oregon being one of the healthiest cities fiscally in the region. I am very confident our future is even brighter.”
NEW: Oregon Capital Improvement Plan
Below are links to the Annual Appropriations as well as the City Budget.
