Details for NOTICE OF PUBLIC HEARING MOSCOW URBAN RENEWAL AGENCY (MURA) PROPOSED BUDGET FOR FISCAL YEAR 2020-2021 (FY2021) A PUBLIC HEARING, PURSUANT TO IDAHO CODE 50-1002, 50-2001

NOTICE OF PUBLIC HEARING

MOSCOW URBAN RENEWAL AGENCY (MURA)

PROPOSED BUDGET FOR FISCAL YEAR 2020-2021 (FY2021)

A PUBLIC HEARING, PURSUANT TO IDAHO CODE 50-1002, 50-2001 et seq. and 50-2903 will be held for consideration of the proposed budget for the fiscal year from October 1, 2020 to September 30, 2021. The hearing will be held at Moscow City Hall Council Chambers, 206 East Third Street, Moscow, Idaho, on August 20, 2020 at 7:00 a.m. All interested persons are invited to appear and show cause, if any, why such budget should or should not be adopted. City Hall is accessible to persons with disabilities. Anyone desiring accommodations for disabilities please call the MURA Clerks office at 208-883-7035 at least 48 hours prior to the public hearing. Detailed copies of the proposed budget are available at the City of Moscow Clerks Office, 206 East Street, during regular office hours (8:00 a.m. to 5:00 p.m. weekdays). You may also call the MURA Executive Directors office at 208-883-7011, or submit written comments or questions to MURA Executive Director, 221 E. Second Street, Moscow, ID 83843. The proposed FY2021 budget is shown below as FY2021 proposed revenues and expenditures.

REVENUES:

Account Description 2019 2020 2021

Actual Adopted Proposed

Total Tax Increment $443,686 $485,000 $795,000

Total Intergovernmental Revenue $ - $ - $ -

Total Interfund Transfers $65,103 $60,719 $62,541

Total Miscellaneous Income $11,009 $288,710 $156,500

Total Revenue $519,798 $834,429 $1,014,041

Beginning Fund Balance $389,106 $267,994 $899,889

Total Resources Available $908,904 $1,102,423 $1,913,929

EXPENDITURES:

Account Description 2019 2020 2021

Actual Adopted Proposed

Total Expenses $132,404 $620,719 $923,728

Total Debt Service $44,004 $306,556 $275,370

Total Other Financing Uses $ - $ - $ -

Total Interfund Transfers $65,103 $60,719 $62,541

Total Capital Outlay $ - $ - $ -

Total Expenditures $241,511 $987,994 $1,261,638

Ending Fund Balance $667,393 $114,428 $652,291

Total Expenditures $908,904 $1,102,422 $1,913,929

Publication Dates: August 1 and August 8, 2020

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