CITY OF LAKESIDE NOTICE OF PUBLIC HEARING!
State Revenue Sharing Distributions Notice is hereby given that the Lakeside City Council will hold a public hearing during the City Council Meeting on Thursday, June 25, 2026, beginning at 4:00 p.m., in the City Council Chambers at 915 N. Lake Rd., in the City of Lakeside, Coos County, Oregon.
The purpose of the public hearing is to receive comments regarding the election of Council to receive State Revenue Sharing distributions for Fiscal Year 2026-27.
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A public meeting of the City of Lakeside will be held on June 25, 2026 at 4:00 PM at City of Lakeside Council Chambers located at 915 N Lake Rd, Lakeside, Oregon. The purpose of this meeting is to discuss the budget for the fiscal year beginning July 1, 2026 as approved by the City of Lakeside Budget Committee. A summary of the budget is presented below. A copy of the budget may be inspected or obtained at Lakeside City Hall, between the hours of 9:00 AM and 5:00 PM This budget is for an annual budget period. This budget was prepared on a basis of accounting that is the same as used the preceding year.
Contact: Courteney Halstead, City Recorder/CAO
Telephone: (541) 759-3011
Email: manager [at] cityoflakesideoregon.gov (manager[at]cityoflakesideoregon[dot]gov)
| FINANCIAL SUMMARY - RESOURCES | ||||||
| TOTAL OF ALL FUNDS | Actual Amount | Adopted Budget | Approved Budget | |||
| 2025-2026 | This Year 2025-2026 | Next Year 2026-2027 | ||||
| Beginning Fund Balance/Net Working Capital | 2,743,108 | 2,743,108 | 2,490,000 | |||
| Fees, Licenses, Permits, Fines, Assessments & Other Service Charges | 1,467,535 | 1,562,700 | 1,657,888 | |||
| Federal, State and All Other Grants, Gifts, Allocations and Donations | 5,540,412 | 13,484,444 | 7,427,981 | |||
| Revenue from Bonds and Other Debt | 0 | 0 | 1,800,000 | |||
| Interfund Transfers / Internal Service Reimbursements | 235,833 | 260,000 | 389,000 | |||
| All Other Resources Except Property Taxes | 428,032 | 498,900 | 468,500 | |||
| Property Taxes Estimated to be Received | 0 | 0 | 0 | |||
| Total Resources | 10,414,920 | 18,549,152 | 14,233,369 | |||
| FINANCIAL SUMMARY - REQUIREMENTS BY OBJECT CLASSIFICATION | ||||||
| Personnel Services | 573,966 | 1,094,900 | 964,330 | |||
| Materials and Services | 679,598 | 1,456,000 | 1,723,890 | |||
| Capital Outlay | 5,795,078 | 13,435,000 | 9,005,800 | |||
| Debt Service | 194,865 | 355,213 | 208,000 | |||
| Interfund Transfers | 235,833 | 260,000 | 389,000 | |||
| Contingencies | 0 | 610,000 | 764,000 | |||
| Special Payments | 0 | 0 | 0 | |||
| Unappropriated Ending Balance and Reserved for Future Expenditure | 1,264,592 | 1,264,592 | 1,145,102 | |||
| Total Requirements | 8,743,932 | 18,475,705 | 14,200,122 | |||
| FINANCIAL SUMMARY - REQUIREMENTS BY ORGANIZATIONAL UNIT OR PROGRAM * | ||||||
| Name of Organizational Department or Program | ||||||
| FTE for that unit or program | ||||||
| Administration / General | 124,279 | 138,800 | 92,478 | |||
| FTE | 1.00 | 1.35 | 1.00 | |||
| Public Works | 57,924 | 84,300 | 136,252 | |||
| FTE | 1.25 | 0.85 | 1.25 | |||
| Community Development / Planning | 8,343 | 43,900 | 0 | |||
| FTE | 0.50 | 0.50 | 0.00 | |||
| Wastewater | 262,674 | 698,700 | 614,000 | |||
| FTE | 5.00 | 5.30 | 5.00 | |||
| Library | 78,224 | 129,200 | 121,600 | |||
| FTE | 2.75 | 4.50 | 2.75 | |||
| Non-Departmental / Non-Program | 0 | 0 | 0 | |||
| FTE | 0.00 | 0.00 | 0.00 | |||
| Total Requirements | 523,101 | 1,051,000 | 964,330 | |||
| Total FTE | 10.00 | 12.00 | 10.00 | |||
| STATEMENT OF CHANGES IN ACTIVITIES and SOURCES OF FINANCING * | ||||||
| The FY2026-27 budget reflects updated operational allocations, increased wastewater capital planning, infrastructure investment, conservative reserve planning, and continued support for essential City services. Major changes include continued funding for the new wastewater treatment plant project, restructuring of shared operational costs among City funds, conservative budgeting within Community Development operations, and increased capital planning for future infrastructure needs. | ||||||
| PROPERTY TAX LEVIES | ||||||
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Rate or Amount Approved | ||||
| Permanent Rate Levy (rate limit 0.00 per $1,000) | 0 | 0 | 0 | |||
| Local Option Levy | 0 | 0 | 0 | |||
| Levy For General Obligation Bonds | 0 | 0 | 0 | |||
| STATEMENT OF INDEBTEDNESS | ||||||
| LONG TERM DEBT | Estimated Debt Outstanding on July 1 | Estimated Debt Authorized, but not Incurred on July 1 | ||||
| General Obligation Bonds | 0 | 0 | ||||
| Other Bonds | 2,070,000.00 | 0 | ||||
| Other Borrowings | 239,831.00 | 1,800,000.00 | ||||
| Total | 2,309,831.00 | 1,800,000.00 | ||||