[2023-55 Alternative Tax Budget 2024 Attachment 2.pdf]
Revised 3-2004
DIVISION OF TAXES LEVIED
(Levies Inside & Outside 10 Mill Limitation, Inclusive Of Debt Levies)
(List All Levies Of The Taxing Authority)
City of North Olmsted
SCHEDULE 1
I
II
III
IV
V
VI
VII
VIII
IX
Authorized
Number
Tax
Collection
$ AMOUNT
By Voters
Levy
Of Years
Year
Year
Maximum
Requested
Fund
Purpose
On
Type
Levy
Begins/
Begins/
Rate
Of Budget
MM/DD/YY
To Run
Ends
Ends
Authorized
Commission
General
Operating
11/3/1959 Charter
permanent
#1
$8,045,368
Gen Ob Bond Retirement
Debt Service
11/3/1959 Charter
permanent
#1
$1,280,397
Recreation
Capital or operating
11/03/59;02/04/97 Charter; charter amend permanent
1.2 mils
$1,119,092
Police Pension
Police pension exp
11/3/1959 Charter
permanent
.3 mils
$279,773
Fireman's Fund
Fire pension exp
11/3/1959 Charter
permanent
.3 mils
$279,773
#1 Original charter millage maximum is 11.1 mils for debt service, general operations, .3 Police pension, .3 Firemen's pension, and .5 Recreation
Totals
$11,004,403
Revised 3-2004
STATEMENT OF FUND ACTIVITY
(List All Funds Individually)
SCHEDULE 2
I
II
III
IV
V
VI
VII
Beginning
Total
Total
Ending
Fund
Estimated
Resources
Estimated
Estimated
BY
Unencumbered
Property Taxes and
Other Sources
Available for
Expenditures &
Unencumbered
Type
Fund Balance
Local Government Revenue
Receipts
Expenditures
Encumbrances
Balance
General
164,594
8,905,588
16,000,000
25,070,182
25,070,000
182
Budget stabilization
1,323,000
100,000
1,423,000
-
1,423,000
Casualty Loss
121,422
100,000
221,422
50,000
171,422
Compensated Absences
1,738,402
750,000
2,488,402
900,000
1,588,402
27th Pay
656,000
100,000
756,000
-
756,000
Economic Dev.
70,807
20,000
90,807
20,000
70,807
Community Diversion
-
27,500
27,500
27,500
-
Senior Center
209
15,000
15,209
15,000
209
Recreation
107,021
1,119,092
1,800,000
3,026,113
3,000,000
26,113
Clague Park Fund
-
-
-
-
-
Court Computerization
-
6,000
6,000
6,000
-
Hotel Motel
100,251
390,000
490,251
400,000
90,251
Alcohol Ed. & Enforce.
37,758
37,758
37,758
-
Drug Enforcement
17,571
17,571
17,571
-
Law Enforcement
8,658
-
8,658
8,658
-
Stop
3,041
250,000
253,041
250,000
3,041
Pension - Police
403
279,773
-
280,176
280,176
(0)
Emergency Medical Svc
297,796
450,000
747,796
700,000
47,796
OneOhio Opiod Settlement
11,188
11,188
11,188
Pension - Firemen's
403
279,773
-
280,176
280,176
(0)
Motor Vehicle Lic.
187,853
220,000
407,853
280,000
127,853
State Highway Impr.
955
135,000
135,955
135,955
-
Street Maint. & Repair
1,058,506
1,650,000
2,708,506
1,800,000
908,506
Public Way Management
24,649
-
24,649
10,000
14,649
Sidewalk Improvement
220,135
40,000
260,135
150,000
110,135
Solid Waste Manag.
1,506,168
2,600,000
4,106,168
2,850,000
1,256,168
Perm. Improvement
3,652,469
2,600,000
6,252,469
3,458,475
2,793,994
Tax Increment Financing
899,339
300,000
1,199,339
300,000
899,339
Endowment & Grant
137,190
25,000
162,190
100,000
62,190
C.D.B.G.
6,586
-
6,586
-
6,586
Title III
8,007
8,500
16,507
16,507
-
FEMA Grant
18,771
-
18,771
-
18,771
Fair Capacity Housing
104,176
-
104,176
104,176
Local Coronavirus Relief Fund
-
-
-
-
Local Coronavirus Recovery Fund
261,001
-
261,001
261,001
-
Federal Grants
15,044
-
15,044
15,044
Bond Retirement - G.O.
3,188,188
1,280,397
6,676,108
11,144,693
7,226,107
3,918,586
Bond Retirement - Library
-
-
-
-
-
-
Bond Retirement - Fire Station
-
-
-
-
-
-
Capital Improvement
156,093
150,000
306,093
-
306,093
Land & Bldg Acquisition
41,723
-
41,723
-
41,723
Springvale
40,458
1,905,000
1,945,458
1,945,458
-
Springvale Capital Improv
19,967
-
19,967
-
19,967
Sewer Revenue
13,636,985
-
10,252,619
23,889,604
10,522,307
13,367,297
Sanitary Sewer Imp.
30
-
30
-
30
Hospitalization
2,969,620
5,711,003
8,680,623
5,900,000
2,780,623
Workers Comp Self Insurance
1,322,142
400,000
1,722,142
400,000
1,322,142
Trust & Agency
681,161
150,000
831,161
300,000
531,161
Mayor's Court Agency
19,268
1,200,000
1,219,268
1,200,000
19,268
Mayor's Court Bond
2,460
5,000
7,460
6,815
645
Total, All Funds
34,837,468
11,864,623
54,036,730
100,738,820
67,925,464
32,813,357
Revised 3-2004
SCHEDULE 3
I
II
III
IV
V
VI
Amount Required
Principal Amount
To Meet
Amount Receivable
Final
Outstanding
Calendar Year
From Other Sources
Purpose Of Bonds Or Notes
Date Of
Maturity
At The Beginning
Principal & Interest
To Meet
Issue
Date
Of The Calendar Year
Payments
Debt Payments
Capital Improvement and Refunding Bonds LTGO Series 2015
12/1/2015 2030
$1,775,000.00
$549,625.00
$330,475.00
Capital Improvement and Refunding Bonds LTGO Series 2017
1/26/2017 2037
$5,295,000.00
$915,450.00
$850,850.00
Capital Improvement and Equipment Bonds LTGO Series 2021
3/9/2021 2031
$8,790,000.00
$1,541,600.00
$923,000.00
Bond Anticipation Note - energy efficiency - *estimated actual TB 06/2023*
6/2024*
$4,000,000.00
$160,000.00
$0.00
Totals
$19,860,000.00
$3,166,675.00
$2,104,325.00
UNVOTED GENERAL OBLIGATION DEBT
(Include General Obligation Debt To Be Paid From Inside/Charter Millage Only)
(Do Not Include General Obligation Debt Being Paid By Other Sources)
(Do Not Include Special Obligation Bonds & Revenue Bonds)
Revised 3-2004
SCHEDULE 4
I
II
III
IV
V
VI
VII
Amount Required
Authorized
Principal Amount
To Meet
Amount Receivable
By Voters
Date
Final
Outstanding
Calendar Year
From Other Sources
Purpose Of Notes Or Bonds
On
Of
Maturity
At The Beginning
Principal & Interest
To Meet
MM/DD/YY
Issue
Date
Of The Calendar Year
Payments
Debt Payments
Totals
$0.00
$0.00
$0.00
VOTED DEBT OUTSIDE 10 MILL LIMIT
(Bonds Or Notes Must Actually Be Issued In Order To Commence Collection Of Property Taxes For Debt Service)
---
[2023-55 Alternative Tax Budget 2024 Attachment.pdf]
Revised 3-2004
ALTERNATIVE TAX BUDGET INFORMATION
Political Subdivision/Taxing Unit City of North Olmsted________________________________
2024
Fiscal Officer Signature_____________________________________________Date April 25, 2023
COUNTY OF CUYAHOGA
Background
Substitute House Bill No. 129 (HB129) effective June 3, 2002, was enacted by the 124th General Assembly in part to allow a county budget
commission to waive the requirement that a taxing authority adopt a tax budget for a political subdivision or other taxing unit, pursuant to
Ohio Revised Code (ORC) Section 5705.281.
Under the law in effect prior to June 3, 2002, the budget commission could only waive the tax budget for a subdivision or other taxing unit
that was receiving a share of the county undivided local government fund or the county undivided local government revenue assistance
fund under an alternative method or formula pursuant to ORC Sections 5747.53 and 5747.63. Thus, tax budgets could be waived only for
counties, municipalities, townships, and park districts. This restriction is now removed.
Ohio Revised Code Section 5705.281
Under the amended version of this section pursuant to HB 129, a county budget commission, by an affirmative vote of a majority of the
commission, including an affirmative vote by the county auditor, may waive the tax budget for any subdivision or other taxing unit.
However, the commission may require the taxing authority to provide any information needed by the commission to perform its duties,
including the division of the tax rates as provided under ORC Section 5705.04.
County Budget Commission Duties
The county budget commission must still certify tax rates to each subdivision or other taxing unit, by March 1 for school districts and by
September 1 for all other taxing authorities under ORC Section 5705.35, even when a tax budget is waived. Also, the commission is still
required to issue an official certificate of estimated resources under ORC Section 5705.35 and amended official certificates of estimated
resources under ORC Section 5705.36.
Therefore, when a budget commission is setting tax rates based on a taxing unit's need, for purposes of ORC Sections 5705.32, 5705.34,
and 5705.341, its determination must be based on that other information the commission asked the taxing authority to provide under ORC
Section 5705.281, when the tax budget was waived. Also, an official certificate must be based on that other information the commission
asked the taxing authority to provide.
County Budget Commission Action
On October 11, 2002, during the Cuyahoga County Budget Commission meeting, the commission with an affirmative vote of all members
waived the requirement for taxing authorities of subdivisions or other taxing units (Including Schools) to adopt a tax budget as provided
under ORC Section 5705.281, but shall require the filing of this Alternative Tax Budget Information document on an annual basis.
Alternative Tax Budget Information Filing Deadline
For all political subdivisions excluding school districts, the fiscal officer must file one copy of this document with the County Fiscal Officer on
or before July 20th. For school districts the fiscal officer must file one copy of this document with the County Fiscal Officer on or before
January 20th.
---
[2023-55 Alternative Tax Budget 2024.pdf]
CITY OF NORTH OLMSTED
RESOLUTION NO. 2023 - 55
BY: Mayor Jones
A RESOLUTION ADOPTING THE ALTERNATIVE TAX BUDGET OF
THE CITY OF NORTH OLMSTED FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 2024, AND SUBMITTING THE SAME TO THE CUYAHOGA
COUNTY FISCAL OFFICER AND ITS BUDGET COMMISSION, AND
DECLARING AN EMERGENCY.
WHEREAS, the Director of Finance has heretofore prepared the alternative tax budget for the
City of North Olmsted for the fiscal year beginning January 1, 2024, conforming with the requirements
of law; and
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
NORTH OLMSTED, COUNTY OF CUYAHOGA AND STATE OF OHIO:
SECTION 1: That the alternative tax budget of the City of North Olmsted, for the fiscal year
beginning January 1, 2024, heretofore prepared by the Director of Finance and submitted to the
Council, is hereby adopted, as the alternative tax budget of the City of North Olmsted, for the fiscal
year beginning January 1, 2024.
SECTION 2: The Clerk be, and is hereby authorized and directed to certify a copy of said
budget and copy of this Resolution and to transmit the same to the fiscal officer of Cuyahoga County,
Ohio and its budget commission.
SECTION 3: That this resolution is hereby declared to be an emergency measure, in that it
relates to the public health, safety and welfare, and to the usual daily operation of the several municipal
departments of the City of North Olmsted, and shall take effect and be in force from and after its
passage.
PASSED: ________________________
First Reading: _______________
Second Reading: _______________
Third Reading: _______________
Committee: __________________
ATTEST:
_____________________________
__________________________
BEATRICE TAYLOR
LOUIS J. BROSSARD
Clerk of Council
President of Council
APPROVED: _____________________
APPROVED AS TO LEGAL FORM:
_______________________________
/s/ Michael R. Gareau, Jr._________
MAYOR NICOLE DAILEY JONES
MICHAEL R. GAREAU, JR.
Director of Law