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Notice of Public Hearing City of Jerome Tentative Budget NOTICE IS HEREBY GIVEN that the City Council of the City of Jerome, Idaho will hold a public hearing for the consideration of the proposed budget for the fiscal period October 1, 2024 through September 30, 2025 pursuant to the provisions of Section 50-1002, Idaho Code. Said hearing will be held at the City Council Chambers, 100 East Ave. A, Jerome, Idaho at 5:30 P.M. on Tuesday, August 20, 2024. At said hearing all interested persons may appear and show cause, if any they have, why said proposed budget should not be adopted. The following is an estimate set forth of said proposed budget of the total proposed expenditures and accruing indebtedness of the City of Jerome, Idaho, for the fiscal period October 1, 2024 through September 30, 2025, and is shown below as FY 2024-25 proposed revenues and expenditures. Fund 2022- 23 BUDGET 2023- 24 BUDGET 2024- 25 PROPOSED General $6,158,473 $6,489,969 $6,822,389 Street 2,935,265 7,311,688 7,127,852 Library 473,806 496,036 567,774 Park 254,825 1,600,918 1,325,112 Irrigation 197,158 206,862 216,415 Sanitation 419,974 436,853 476,892 Water 3,090,368 4,053,280 5,080,736 Wastewater 7,361,687 10,616,671 10,620,030 Existing Fund Balance 17,239,560 5,122,668 6,383,501 Total Revenues $38,131,116 $36,334,945 $38,620,701 2022- 23 BUDGET 2023- 24 BUDGET 2024- 25 PROPOSED Property Tax Revenue $6,200,854 $6,371,050 $6,661,089 Foregone Property Tax Revenue - - 65,943 Total of All Other Revenues $31,930,262 $29,963,895 $31,893,669 Revenues Property T ax Budget Fund 2022- 23 BUDGET 2023- 24 BUDGET 2024- 25 PROPOSED General Legislative $83,750 $90,181 $100,148 Executive 17,053 16,982 16,950 Administration 3,226,226 860,437 1,138,987 Law Enforcement 7,254,927 2,718,416 3,042,430 Fire 1,677,890 1,943,457 2,099,664 Building 190,328 258,217 220,998 Animal Control 195,103 207,583 205,582 Total General Fund $12,645,277 $6,095,273 $6,824,759 Expenditures ---PAGE BREAK--- I, Ross Hyatt, Finance Director of the City of Jerome, Idaho, do hereby certify that the above is a true and correct statement of the proposed expenditures and revenues for fiscal year 2024-25 all of which have been tentatively approved and entered at length in the Journal of Proceedings. I further certify that the City of Jerome, Idaho did give notice for said hearing with notice having been published twice at least seven days apart prior to the adoption of the budget by the City Council. Citizens are invited to attend the budget hearing on Tuesday, August 20, 2024 at 5:30 P.M. and have the right to provide written or oral comments concerning the entire city budget. A copy of the proposed city budget in detail is available at City Hall for inspection during regular office hours 8:00 A.M. to 5:00 P.M. Monday through Friday. Dated this 10 th day of August, 2024. Ross Hyatt Ross Hyatt, Finance Director Publish: August 10 and August 17, 2024 Fund 2022- 23 BUDGET 2023- 24 BUDGET 2024- 25 PROPOSED Street $2,984,689 $8,553,333 $9,029,373 Library 468,865 548,802 567,774 Park 284,825 1,640,238 1,325,112 Irrigation 212,748 234,844 221,330 Sanitation 414,602 440,652 476,892 Water 6,290,752 6,068,091 6,102,331 Sewer 14,170,433 12,137,533 13,996,251 Total Expenditures $37,472,191 $35,718,766 $38,543,822 Expenditures