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HomeMy WebLinkAbout2026-04-20 G02 FY2027 Budget_PHAGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: April 20, 2026 AGENDA ITEM:On a proposed City of Waukee FY2027 budget FORMAT:Public Hearing SYNOPSIS INCLUDING PRO & CON: FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: COMMISSION/BOARD/COMMITTEE COMMENT: STAFF REVIEW AND COMMENT: Staff has worked diligently again this year to present a balanced budget for the Council’s review. The City of Waukee is proposing revenue totals of $153,954,847 and expenditures of $148,315,145 for the FY2027 budget year. The City’s tax levy will remain $12.80 / per $1,000 of taxable valuation. RECOMMENDATION: Hold the Public Hearing. ATTACHMENTS: FY27 State Budget Forms PREPARED BY:Rachel Downing REVIEWED BY: PUBLIC NOTICE INFORMATION – NAME OF PUBLICATION: Dallas County News DATE OF PUBLICATION: 04/16/2026 G2 FISCAL YEAR JULY 1, 2026 - JUNE 30, 2027 ADOPTION OF BUDGET AND CERTIFICATION OF CITY TAXES The City of : WAUKEE County Name: DALLAS COUNTY Adopted On: (entered upon adoption) Resolution: (entered upon adoption) The below-signed certifies that the City Council, on the date stated above, lawfully approved the named resolution adopting a budget for next fiscal year, as summarized on this and the supporting pages. Attached is Long Term Debt Schedule Form 703 which lists any and all of the debt service obligations of the City. With Gas & Electric Without Gas & Electric Regular 2a 2,176,820,555 2b 2,171,993,516 DEBT SERVICE 3a 2,772,084,902 3b 2,767,257,863 Ag Land 4a 7,438,372 City Number: 25-240 Last Official Census: 31,823 Consolidated General Fund Levy Calculation CGFL Rate CGFL Dollars Non-TIF Taxable w/ G&E Taxable Growth % FY 2026 Budget Data 7.88952 15,892,444 2,014,374,039 8.06 Limitation Percentage 3 CGFL Max Rate CGFL Max Dollars Revenue Growth % Max Allowed CGFL for FY 2027 7.65973 16,673,858 4.92 TAXES LEVIED Code Sec.Dollar Limit Purpose ENTER FIRE DISTRICT RATE BELOW (A) Request with UtilityReplacement (B) Property Taxes Levied (C) Rate 384.1 7.65973 Consolidated General Fund 5 16,673,858 16,636,884 43 7.65973 Non-Voted Other Permissible Levies 384.12(1)0.95000 Opr & Maint publicly owned Transit 7 0 0 45 0.00000 384.12(2)0.27000 Aviation Authority (under sec.330A.15)11 0 0 49 0.00000 384.12(3)Amt Nec Liability, property & self insurance costs 14 0 0 52 0.00000 384.12(5)Amt Nec Support of a Local Emerg.Mgmt.Comm.462 0 0 465 0.00000 Voted Other Permissible Levies 28E.22 1.50000 Unified Law Enforcement 24 0 0 62 0.00000 Total General Fund Regular Levies (5 thru 24)25 16,673,858 16,636,884 384.1 3.00375 Ag Land 26 22,343 22,343 63 3.00375 Total General Fund Tax Levies (25 + 26)27 16,696,201 16,659,227 Do NotAdd Special Revenue Levies 384.6 Amt Nec Police & Fire Retirement 29 0 0 0.00000 Amt Nec FICA & IPERS (if general fund at levy limit)30 0 0 0.00000 Rules Amt Nec Other Employee Benefits 31 4,288,924 4,279,414 1.97027 Subtotal Employee Benefit Levy (29,30,31)32 4,288,924 4,279,414 65 1.97027 Valuation 386 As Req With Gas & Elec Without Gas &Elec SSMID 1  (A)0 (B)0 34 0 0 66 0.00000 SSMID 2  (A)0 (B)0 35 0 0 67 0.00000 SSMID 3  (A)0 (B)0 36 0 0 68 0.00000 SSMID 4  (A)0 (B)0 37 0 0 69 0.00000 SSMID 5  (A)0 (B)0 555 0 0 565 0.00000 SSMID 6  (A)0 (B)0 556 0 0 566 0.00000 SSMID 7  (A)0 (B)0 1177 0 0 1179 0.00000 SSMID 8  (A)0 (B)0 1185 0 0 1187 0.00000 Total Special Revenue Levies 39 4,288,924 4,279,414 384.4 Amt Nec Debt Service Levy 76.10(6)40 8,787,517 8,772,207 70 3.17000 384.7 0.67500 Capital Projects (Capital Improv. Reserve)41 0 0 71 0.00000 Total Property Taxes (27+39+40+41)42 29,772,642 29,710,848 72 12.80000 COUNTY AUDITOR - I certify the budget is in compliance with ALL the following:Budgets that DO NOT meet ALL the criteria below are not statutorily compliant & must be returned to the city for correction. ( City Representative )( Date )( County Auditor )( Date ) CITY NAME: WAUKEE NOTICE OF PUBLIC HEARING - CITY OF WAUKEE - PROPOSED PROPERTY TAX LEVY Fiscal Year July 1, 2026 - June 30, 2027 CITY #: 25-240 The City Council will conduct a public hearing on the proposed Fiscal Year City property tax levy as follows: Meeting Date: 4/6/2026 Meeting Time: 05:30 PM Meeting Location: Waukee City Hall - Council Chambers - 230 W Hickman Rd or https://zoom.us/j/352651371 Meeting ID 352-651-371 or by phone +1 646-558-8656 or +1 312-626-6799 or +1 301-715-8592 At the public hearing any resident or taxpayer may present objections to, or arguments in favor of the proposed tax levy. After the hearing of the proposed tax levy, the City Council will publish notice and hold a hearing on the proposed city budget. City Website (if available) www.waukee.org/tax City Telephone Number (515) 978-7918 Iowa Department of Management Current Year Certified Property Tax 2025 - 2026 Budget Year Effective Property Tax 2026 - 2027 Budget Year Proposed Property Tax 2026 - 2027 Taxable Valuations for Non-Debt Service 2,009,892,981 2,171,993,516 2,171,993,516 Consolidated General Fund 15,857,091 15,857,091 16,636,884 Operation & Maintenance of Public Transit 0 0 0 Aviation Authority 0 0 0 Liability, Property & Self Insurance 0 0 0 Support of Local Emergency Mgmt. Comm.0 0 0 Unified Law Enforcement 0 0 0 Police & Fire Retirement 0 0 0 FICA & IPERS (If at General Fund Limit)0 0 0 Other Employee Benefits 3,498,179 3,498,179 4,279,414 Capital Projects (Capital Improv. Reserve)0 0 0 Taxable Value for Debt Service 2,672,891,463 2,767,257,863 2,767,257,863 Debt Service 8,473,066 8,473,066 8,772,207 CITY REGULAR TOTAL PROPERTY TAX 27,828,336 27,828,336 29,688,505 CITY REGULAR TAX RATE 12.80000 11.97318 12.80000 Taxable Value for City Ag Land 6,949,923 7,438,372 7,438,372 Ag Land 20,876 20,876 22,343 CITY AG LAND TAX RATE 3.00375 2.80653 3.00375 Tax Rate Comparison-Current VS. Proposed Residential property with an Actual/Assessed Valuation of $100,000/$110,000 Current Year Certified 2025/2026 Budget Year Proposed 2026/2027 Percent Change City Regular Residential 607 627 3.29 Commercial property with an Actual/Assessed Valuation of $300,000/$330,000 Current Year Certified 2025/2026 Budget Year Proposed 2026/2027 Percent Change City Regular Commercial 2,639 2,929 10.99 Note: Actual/Assessed Valuation is multiplied by a Rollback Percentage to get to the Taxable Valuation to calculate Property Taxes. Residential and commercial propertieshave the same rollback percentage through $150,000 of actual/assessed valuation. Reasons for tax increase if proposed exceeds the current: Elected officials are recommending maintaining the current total property tax levy. The increase in total property tax collected is allocated towards services for 2000+ new residents, inflation on goods & services, employee compensation & benefits increases and additional public safety officers. FUND BALANCE City Name: WAUKEE Fiscal Year July 1, 2026 - June 30, 2027 GENERAL SPECIAL REVENUES TIF SPECIAL REVENUES DEBT SERVICE CAPITAL PROJECTS PERMANENT TOTAL GOVERNMENT PROPRIETARY GRAND TOTAL Annual Report FY 2025 Beginning Fund Balance July 1 1 16,205,221 14,560,685 6,191,727 10,566,192 43,503,796 0 91,027,621 166,426,354 257,453,975 Actual Revenues Except Beg Balance 2 25,154,327 14,914,028 12,107,770 18,871,764 35,965,677 0 107,013,566 46,643,919 153,657,485 Actual Expenditures Except End Balance 3 22,781,544 16,861,420 8,378,121 15,104,196 51,649,874 0 114,775,155 39,022,675 153,797,830 Ending Fund Balance June 30 4 18,578,004 12,613,293 9,921,376 14,333,760 27,819,599 0 83,266,032 174,047,598 257,313,630 Re-Estimated FY 2026 Beginning Fund Balance 5 18,578,004 12,613,293 9,921,376 14,333,760 27,819,599 0 83,266,032 174,047,598 257,313,630 Re-Est Revenues 6 26,752,334 15,061,398 17,560,808 18,983,485 30,720,000 0 109,078,025 37,991,850 147,069,875 Re-Est Expenditures 7 27,244,288 10,543,513 9,781,829 15,585,824 51,150,000 0 114,305,454 45,053,455 159,358,909 Ending Fund Balance 8 18,086,050 17,131,178 17,700,355 17,731,421 7,389,599 0 78,038,603 166,985,993 245,024,596 Budget FY 2027 Beginning Fund Balance 9 18,086,050 17,131,178 17,700,355 17,731,421 7,389,599 0 78,038,603 166,985,993 245,024,596 Revenues 10 29,790,375 16,005,587 16,183,381 20,025,054 44,040,000 0 126,044,397 27,910,450 153,954,847 Expenditures 11 30,080,583 11,183,541 12,055,805 16,662,186 49,725,000 0 119,707,115 28,608,030 148,315,145 Ending Fund Balance 12 17,795,842 21,953,224 21,827,931 21,094,289 1,704,599 0 84,375,885 166,288,413 250,664,298 LOCAL EMC SUPPORT City Name: WAUKEE Fiscal Year July 1, 2026 - June 30, 2027 As provided in Iowa Code Section 384.12, subsection 22, a city may levy the amount necessary in support of a local Emergency Management Commission. In addition to this individual levy, Emergency Management Commission support may also be included as part of the General Fund Levy. Iowa Code Section 29C.17, subsection 6 states that any support from cities or counties must be separately reported on tax statements issued by the county treasurer. Input the amount of General Fund Levy request to be used for support of an Emergency Management Commission. The total below will reflect the total amount of Emergency Management Commission support provided by the City. Request with Utility Replacement Property Taxes Levied Portion of General Fund Levy Used for Emerg. Mgmt. Comm.0 Support of a Local Emerg.Mgmt.Comm.0 0 TOTAL FOR FY 2027 0 0 RE-ESTIMATED EXPENDITURES SCHEDULE PAGE 1 City Name: WAUKEE Fiscal Year July 1, 2025 - June 30, 2026 GOVERNMENT ACTIVITIES CONT.GENERAL SPECIAL REVENUE TIF SPECIAL REVENUES DEBT SERVICE CAPITAL PROJECTS PERMANENT PROPRIETARY RE-ESTIMATED 2026 ACTUAL 2025 PUBLIC SAFETY Police Department/Crime Prevention 1 7,295,475 7,295,475 20,962,409 Jail 2 0 0 Emergency Management 3 7,500 7,500 3,792 Flood Control 4 0 0 Fire Department 5 1,852,000 1,852,000 16,071,826 Ambulance 6 4,689,150 4,689,150 3,707,475 Building Inspections 7 1,281,900 1,281,900 1,190,646 Miscellaneous Protective Services 8 1,200,000 1,200,000 0 Animal Control 9 18,500 18,500 12,201 Other Public Safety 10 523,000 523,000 1,164,199 TOTAL (lines 1 - 10)11 16,867,525 0 0 16,867,525 43,112,548 PUBLIC WORKS Roads, Bridges, & Sidewalks 12 4,408,425 4,408,425 16,838,098 Parking - Meter and Off-Street 13 0 0 Street Lighting 14 345,000 345,000 392,052 Traffic Control and Safety 15 84,700 84,700 2,854,057 Snow Removal 16 0 0 Highway Engineering 17 0 0 Street Cleaning 18 0 0 Airport (if not Enterprise)19 0 0 Garbage (if not Enterprise)20 0 0 Other Public Works 21 1,259,163 1,259,163 830,990 TOTAL (lines 12 - 21)22 1,259,163 4,838,125 0 6,097,288 20,915,197 HEALTH & SOCIAL SERVICES Welfare Assistance 23 0 0 City Hospital 24 0 0 Payments to Private Hospitals 25 0 0 Health Regulation and Inspection 26 0 0 Water, Air, and Mosquito Control 27 2,000 2,000 0 Community Mental Health 28 0 0 Other Health and Social Services 29 65,000 65,000 80,000 TOTAL (lines 23 - 29)30 67,000 0 0 67,000 80,000 CULTURE & RECREATION Library Services 31 1,777,450 1,777,450 1,746,132 Museum, Band and Theater 32 0 0 Parks 33 2,285,130 2,285,130 4,582,834 Recreation 34 1,223,380 1,223,380 2,072,027 Cemetery 35 40,000 40,000 18,362 Community Center, Zoo, & Marina 36 40,100 40,100 83,648 Other Culture and Recreation 37 0 1,333,953 TOTAL (lines 31 - 37)38 5,366,060 0 0 5,366,060 9,836,956 RE-ESTIMATED EXPENDITURES SCHEDULE PAGE 2 City Name: WAUKEE Fiscal Year July 1, 2025 - June 30, 2026 GOVERNMENT ACTIVITIES CONT.GENERAL SPECIAL REVENUE TIF SPECIAL REVENUES DEBT SERVICE CAPITAL PROJECTS PERMANENT PROPRIETARY RE-ESTIMATED 2026 ACTUAL 2025 COMMUNITY & ECONOMIC DEVELOPMENT Community Beautification 39 0 0 Economic Development 40 644,640 168,500 813,140 743,369 Housing and Urban Renewal 41 0 0 Planning & Zoning 42 605,650 605,650 485,141 Other Com & Econ Development 43 0 0 TIF Rebates 44 2,260,000 2,260,000 1,269,236 TOTAL (lines 39 - 44)45 1,250,290 0 2,428,500 0 3,678,790 2,497,746 GENERAL GOVERNMENT Mayor, Council, & City Manager 46 864,990 864,990 853,269 Clerk, Treasurer, & Finance Adm.47 606,160 606,160 252,402 Elections 48 12,000 12,000 0 Legal Services & City Attorney 49 110,000 110,000 42,832 City Hall & General Buildings 50 241,550 241,550 279,798 Tort Liability 51 0 0 Other General Government 52 599,550 599,550 629,385 TOTAL (lines 46 - 52)53 2,434,250 0 0 0 2,434,250 2,057,686 DEBT SERVICE 54 15,585,824 15,585,824 15,104,196 Gov Capital Projects 55 1,550,000 1,550,000 274,024 TIF Capital Projects 56 49,600,000 49,600,000 100,823 TOTAL CAPITAL PROJECTS 57 0 0 0 51,150,000 0 51,150,000 374,847 TOTAL Governmental Activities Expenditures (lines 11+22+30+38+44+52+53+54)58 27,244,288 4,838,125 2,428,500 15,585,824 51,150,000 0 101,246,737 93,979,176 BUSINESS TYPE ACTIVITIESProprietary: Enterprise & Budgeted ISF Water Utility 59 6,204,175 6,204,175 7,598,969 Sewer Utility 60 2,449,247 2,449,247 4,436,102 Electric Utility 61 0 0 Gas Utility 62 8,997,975 8,997,975 9,899,471 Airport 63 0 0 Landfill/Garbage 64 2,419,380 2,419,380 2,234,669 Transit 65 0 0 Cable TV, Internet & Telephone 66 0 0 Housing Authority 67 0 0 Storm Water Utility 68 1,131,328 1,131,328 1,806,040 Other Business Type (city hosp., ISF, parking, etc.)69 1,440,250 1,440,250 1,390,217 Enterprise DEBT SERVICE 70 3,014,541 3,014,541 882,721 Enterprise CAPITAL PROJECTS 71 18,910,852 18,910,852 10,286,154 Enterprise TIF CAPITAL PROJECTS 72 0 0 TOTAL BUSINESS TYPE EXPENDITURES (lines 59+72)73 44,567,748 44,567,748 38,534,343 TOTAL ALL EXPENDITURES (lines 58+73)74 27,244,288 4,838,125 2,428,500 15,585,824 51,150,000 0 44,567,748 145,814,485 132,513,519 Regular Transfers Out 75 5,705,388 485,707 6,191,095 14,364,136 Internal TIF Loan Transfers Out 76 7,353,329 7,353,329 6,920,175 Total ALL Transfers Out 77 0 5,705,388 7,353,329 0 0 0 485,707 13,544,424 21,284,311 Total Expenditures and Other Fin Uses (lines 74+77)78 27,244,288 10,543,513 9,781,829 15,585,824 51,150,000 0 45,053,455 159,358,909 153,797,830 Ending Fund Balance June 30 79 18,086,050 17,131,178 17,700,355 17,731,421 7,389,599 0 166,985,993 245,024,596 257,313,630 RE-ESTIMATED REVENUES DETAIL City Name: WAUKEE Fiscal Year July 1, 2025 - June 30, 2026 REVENUES & OTHER FINANCING SOURCES GENERAL SPECIAL REVENUE TIF SPECIAL REVENUES DEBT SERVICE CAPITAL PROJECTS PERMANENT PROPRIETARY RE-ESTIMATED 2026 ACTUAL 2025 Taxes Levied on Property 1 15,877,967 3,498,179 8,473,066 27,849,212 24,878,644 Less: Uncollected Property Taxes - Levy Year 2 0 0 Net Current Property Taxes (line 1 minus line 2)3 15,877,967 3,498,179 8,473,066 0 27,849,212 24,878,644 Delinquent Property Taxes 4 10,000 2,500 12,500 -1,026 TIF Revenues 5 17,145,808 17,145,808 11,357,171 Other City Taxes: Utility Tax Replacement Excise Taxes 6 35,353 7,799 14,205 57,357 0 Utility franchise tax (Iowa Code Chapter 364.2)7 0 0 Parimutuel wager tax 8 0 0 Gaming wager tax 9 0 0 Mobile Home Taxes 10 13,000 2,000 5,500 20,500 22,135 Hotel/Motel Taxes 11 300,000 300,000 252,480 Other Local Option Taxes 12 5,900,000 5,900,000 6,337,314 Subtotal - Other City Taxes (lines 6 thru 12)13 348,353 5,909,799 19,705 0 6,277,857 6,611,929 Licenses & Permits 14 2,580,200 10,000 2,590,200 9,316,977 Use of Money & Property 15 1,091,500 730,000 415,000 420,000 1,821,000 4,477,500 7,462,428 Intergovernmental: Federal Grants & Reimbursements 16 234,000 234,000 328,398 Road Use Taxes 17 4,350,000 4,350,000 4,114,725 Other State Grants & Reimbursements 18 197,264 35,170 76,290 308,724 819,438 Local Grants & Reimbursements 19 610,000 610,000 546,072 Subtotal - Intergovernmental (lines 16 thru 19)20 1,041,264 4,385,170 0 76,290 0 0 5,502,724 5,808,633 Charges for Fees & Service: Water Utility 21 10,399,500 10,399,500 11,010,262 Sewer Utility 22 8,812,000 8,812,000 10,486,164 Electric Utility 23 0 0 Gas Utility 24 10,582,000 10,582,000 10,803,874 Parking 25 0 0 Airport 26 0 0 Landfill/Garbage 27 2,498,100 2,498,100 2,108,156 Hospital 28 0 0 Transit 29 0 0 Cable TV, Internet & Telephone 30 0 0 Housing Authority 31 0 0 Storm Water Utility 32 2,208,000 2,208,000 1,971,992 Other Fees & Charges for Service 33 1,804,700 1,406,500 3,211,200 3,796,502 Subtotal - Charges for Service (lines 21 thru 33)34 1,804,700 0 0 0 0 35,906,100 37,710,800 40,176,950 Special Assessments 35 0 7,969 Miscellaneous 36 598,350 525,750 264,750 1,388,850 1,003,010 Other Financing Sources: Regular Operating Transfers In 37 3,400,000 2,641,095 150,000 6,191,095 14,364,136 Internal TIF Loan Transfers In 38 7,353,329 7,353,329 6,920,175 Subtotal ALL Operating Transfers In 39 3,400,000 0 0 9,994,424 150,000 0 0 13,544,424 21,284,311 Proceeds of Debt (Excluding TIF Internal Borrowing)40 30,570,000 30,570,000 25,719,678 Proceeds of Capital Asset Sales 41 0 30,811 Subtotal-Other Financing Sources (lines 36 thru 38)42 3,400,000 0 0 9,994,424 30,720,000 0 0 44,114,424 47,034,800 Total Revenues except for beginning fund balance(lines 3, 4, 5, 12, 13, 14, 19, 33, 34, 35, & 39)43 26,752,334 15,061,398 17,560,808 18,983,485 30,720,000 0 37,991,850 147,069,875 153,657,485 Beginning Fund Balance July 1 44 18,578,004 12,613,293 9,921,376 14,333,760 27,819,599 0 174,047,598 257,313,630 257,453,975 TOTAL REVENUES & BEGIN BALANCE (lines 41+42)45 45,330,338 27,674,691 27,482,184 33,317,245 58,539,599 0 212,039,448 404,383,505 411,111,460 EXPENDITURES SCHEDULE PAGE 1 City Name: WAUKEE Fiscal Year July 1, 2026 - June 30, 2027 GOVERNMENT ACTIVITIES GENERAL SPECIAL REVENUES TIF SPECIAL REVENUES DEBT SERVICE CAPITAL PROJECTS PERMANENT PROPRIETARY BUDGET 2027 RE- ESTIMATED 2026 ACTUAL 2025 PUBLIC SAFETY Police Department/Crime Prevention 1 8,094,499 8,094,499 7,295,475 20,962,409 Jail 2 0 0 0 Emergency Management 3 7,700 7,700 7,500 3,792 Flood Control 4 0 0 0 Fire Department 5 2,029,256 2,029,256 1,852,000 16,071,826 Ambulance 6 5,246,624 5,246,624 4,689,150 3,707,475 Building Inspections 7 1,573,881 1,573,881 1,281,900 1,190,646 Miscellaneous Protective Services 8 1,150,000 1,150,000 1,200,000 0 Animal Control 9 26,000 26,000 18,500 12,201 Other Public Safety 10 542,200 542,200 523,000 1,164,199 TOTAL (lines 1 - 10)11 18,670,160 0 0 18,670,160 16,867,525 43,112,548 PUBLIC WORKS Roads, Bridges, & Sidewalks 12 4,052,579 4,052,579 4,408,425 16,838,098 Parking - Meter and Off-Street 13 0 0 0 Street Lighting 14 332,500 332,500 345,000 392,052 Traffic Control and Safety 15 158,650 158,650 84,700 2,854,057 Snow Removal 16 0 0 0 Highway Engineering 17 0 0 0 Street Cleaning 18 0 0 0 Airport 19 0 0 0 Garbage (if not Enterprise)20 0 0 0 Other Public Works 21 1,304,242 1,304,242 1,259,163 830,990 TOTAL (lines 12 - 21)22 1,304,242 4,543,729 0 5,847,971 6,097,288 20,915,197 HEALTH & SOCIAL SERVICES Welfare Assistance 23 0 0 0 City Hospital 24 0 0 0 Payments to Private Hospitals 25 0 0 0 Health Regulation and Inspection 26 0 0 0 Water, Air, and Mosquito Control 27 2,000 2,000 2,000 0 Community Mental Health 28 0 0 0 Other Health and Social Services 29 133,100 133,100 65,000 80,000 TOTAL (lines 23 - 29)30 135,100 0 0 135,100 67,000 80,000 CULTURE & RECREATION Library Services 31 1,824,671 1,824,671 1,777,450 1,746,132 Museum, Band and Theater 32 0 0 0 Parks 33 2,478,618 2,478,618 2,285,130 4,582,834 Recreation 34 1,254,348 1,254,348 1,223,380 2,072,027 Cemetery 35 24,150 24,150 40,000 18,362 Community Center, Zoo, & Marina 36 38,600 38,600 40,100 83,648 Other Culture and Recreation 37 0 0 1,333,953 TOTAL (lines 31 - 37)38 5,620,387 0 0 5,620,387 5,366,060 9,836,956 EXPENDITURES SCHEDULE PAGE 2 City Name: WAUKEE Fiscal Year July 1, 2026 - June 30, 2027 GOVERNMENT ACTIVITIES GENERAL SPECIAL REVENUES TIF SPECIAL REVENUES DEBT SERVICE CAPITAL PROJECTS PERMANENT PROPRIETARY BUDGET 2027 RE- ESTIMATED 2026 ACTUAL 2025 COMMUNITY & ECONOMIC DEVELOPMENT Community Beautification 39 0 0 0 Economic Development 40 681,184 185,000 866,184 813,140 743,369 Housing and Urban Renewal 41 0 0 0 Planning & Zoning 42 637,100 637,100 605,650 485,141 Other Com & Econ Development 43 0 0 0 TIF Rebates 44 3,762,653 3,762,653 2,260,000 1,269,236 TOTAL (lines 39 - 44)45 1,318,284 0 3,947,653 0 5,265,937 3,678,790 2,497,746 GENERAL GOVERNMENT Mayor, Council, & City Manager 46 1,003,360 1,003,360 864,990 853,269 Clerk, Treasurer, & Finance Adm.47 777,200 777,200 606,160 252,402 Elections 48 7,500 7,500 12,000 0 Legal Services & City Attorney 49 110,000 110,000 110,000 42,832 City Hall & General Buildings 50 268,770 268,770 241,550 279,798 Tort Liability 51 0 0 0 Other General Government 52 865,580 865,580 599,550 629,385 TOTAL (lines 46 - 52)53 3,032,410 0 0 0 3,032,410 2,434,250 2,057,686 DEBT SERVICE 54 16,662,186 16,662,186 15,585,824 15,104,196 Gov Capital Projects 55 4,465,000 4,465,000 1,550,000 274,024 TIF Capital Projects 56 45,260,000 45,260,000 49,600,000 100,823 TOTAL CAPITAL PROJECTS 57 0 0 0 49,725,000 0 49,725,000 51,150,000 374,847 TOTAL Government Activities Expenditures (lines 11+22+30+38+45+53+54+57)58 30,080,583 4,543,729 3,947,653 16,662,186 49,725,000 0 104,959,151 101,246,737 93,979,176 BUSINESS TYPE ACTIVITIES Proprietary: Enterprise & Budgeted ISF Water Utility 59 6,757,144 6,757,144 6,204,175 7,598,969 Sewer Utility 60 3,019,454 3,019,454 2,449,247 4,436,102 Electric Utility 61 0 0 0 Gas Utility 62 0 8,997,975 9,899,471 Airport 63 0 0 0 Landfill/Garbage 64 2,790,570 2,790,570 2,419,380 2,234,669 Transit 65 0 0 0 Cable TV, Internet & Telephone 66 0 0 0 Housing Authority 67 0 0 0 Storm Water Utility 68 1,363,415 1,363,415 1,131,328 1,806,040 Other Business Type (city hosp., ISF, parking, etc.)69 1,388,200 1,388,200 1,440,250 1,390,217 Enterprise DEBT SERVICE 70 3,116,565 3,116,565 3,014,541 882,721 Enterprise CAPITAL PROJECTS 71 9,690,975 9,690,975 18,910,852 10,286,154 Enterprise TIF CAPITAL PROJECTS 72 0 0 0 TOTAL Business Type Expenditures (lines 59 - 72)73 28,126,323 28,126,323 44,567,748 38,534,343 TOTAL ALL EXPENDITURES (lines 58 + 73)74 30,080,583 4,543,729 3,947,653 16,662,186 49,725,000 0 28,126,323 133,085,474 145,814,485 132,513,519 Regular Transfers Out 75 6,639,812 481,707 7,121,519 6,191,095 14,364,136 Internal TIF Loan / Repayment Transfers Out 76 8,108,152 8,108,152 7,353,329 6,920,175 Total ALL Transfers Out 77 0 6,639,812 8,108,152 0 0 0 481,707 15,229,671 13,544,424 21,284,311 Total Expenditures & Fund Transfers Out (lines 74+77)78 30,080,583 11,183,541 12,055,805 16,662,186 49,725,000 0 28,608,030 148,315,145 159,358,909 153,797,830 Ending Fund Balance June 30 79 17,795,842 21,953,224 21,827,931 21,094,289 1,704,599 0 166,288,413 250,664,298 245,024,596 257,313,630 REVENUES DETAIL City Name: WAUKEE Fiscal Year July 1, 2026 - June 30, 2027 GENERAL SPECIAL REVENUES TIF SPECIAL REVENUES DEBT SERVICE CAPITAL PROJECTS PERMANENT PROPRIETARY BUDGET 2027 RE-ESTIMATED 2026 ACTUAL 2025 REVENUES & OTHER FINANCING SOURCES Taxes Levied on Property 1 16,659,227 4,279,414 8,772,207 0 29,710,848 27,849,212 24,878,644 Less: Uncollected Property Taxes - Levy Year 2 0 0 0 Net Current Property Taxes (line 1 minus line 2)3 16,659,227 4,279,414 8,772,207 0 29,710,848 27,849,212 24,878,644 Delinquent Property Taxes 4 25,000 0 25,000 12,500 -1,026 TIF Revenues 5 15,787,881 15,787,881 17,145,808 11,357,171 Other City Taxes: Utility Tax Replacement Excise Taxes 6 36,974 9,510 15,310 0 61,794 57,357 0 Utility franchise tax (Iowa Code Chapter 364.2)7 900,000 900,000 0 0 Parimutuel wager tax 8 0 0 0 Gaming wager tax 9 0 0 0 Mobile Home Taxes 10 13,000 2,000 5,500 20,500 20,500 22,135 Hotel/Motel Taxes 11 325,000 325,000 300,000 252,480 Other Local Option Taxes 12 6,050,000 6,050,000 5,900,000 6,337,314 Subtotal - Other City Taxes (lines 6 thru 12)13 1,274,974 6,061,510 20,810 0 7,357,294 6,277,857 6,611,929 Licenses & Permits 14 2,706,050 10,000 2,716,050 2,590,200 9,316,977 Use of Money & Property 15 973,500 595,000 395,500 400,000 1,750,000 1,357,750 5,471,750 4,477,500 7,462,428 Intergovernmental: Federal Grants & Reimbursements 16 124,500 124,500 234,000 328,398 Road Use Taxes 17 4,500,000 4,500,000 4,350,000 4,114,725 Other State Grants & Reimbursements 18 130,350 25,663 41,290 197,303 308,724 819,438 Local Grants & Reimbursements 19 692,000 692,000 610,000 546,072 Subtotal - Intergovernmental (lines 16 thru 19)20 946,850 4,525,663 0 41,290 0 0 5,513,803 5,502,724 5,808,633 Charges for Fees & Service: Water Utility 21 10,291,500 10,291,500 10,399,500 11,010,262 Sewer Utility 22 8,926,000 8,926,000 8,812,000 10,486,164 Electric Utility 23 0 0 0 Gas Utility 24 0 10,582,000 10,803,874 Parking 25 0 0 0 Airport 26 0 0 0 Landfill/Garbage 27 3,019,100 3,019,100 2,498,100 2,108,156 Hospital 28 0 0 0 Transit 29 0 0 0 Cable TV, Internet & Telephone 30 0 0 0 Housing Authority 31 0 0 0 Storm Water Utility 32 2,551,000 2,551,000 2,208,000 1,971,992 Other Fees & Charges for Service 33 2,298,500 1,622,100 3,920,600 3,211,200 3,796,502 Subtotal - Charges for Service (lines 21 thru 33)34 2,298,500 0 0 0 0 26,409,700 28,708,200 37,710,800 40,176,950 Special Assessments 35 0 0 7,969 Miscellaneous 36 617,350 534,000 143,000 1,294,350 1,388,850 1,003,010 Other Financing Sources: Regular Operating Transfers In 37 4,288,924 2,682,595 150,000 7,121,519 6,191,095 14,364,136 Internal TIF Loan Transfers In 38 8,108,152 8,108,152 7,353,329 6,920,175 Subtotal ALL Operating Transfers In 39 4,288,924 0 0 10,790,747 150,000 0 0 15,229,671 13,544,424 21,284,311 Proceeds of Debt (Excluding TIF Internal Borrowing)40 42,140,000 42,140,000 30,570,000 25,719,678 Proceeds of Capital Asset Sales 41 0 0 30,811 Subtotal-Other Financing Sources (lines 38 thru 40)42 4,288,924 0 0 10,790,747 42,290,000 0 0 57,369,671 44,114,424 47,034,800 Total Revenues except for beginning fund balance (lines 3, 4, 5, 13, 14, 15, 20, 34, 35, 36, & 41)43 29,790,375 16,005,587 16,183,381 20,025,054 44,040,000 0 27,910,450 153,954,847 147,069,875 153,657,485 Beginning Fund Balance July 1 44 18,086,050 17,131,178 17,700,355 17,731,421 7,389,599 0 166,985,993 245,024,596 257,313,630 257,453,975 TOTAL REVENUES & BEGIN BALANCE (lines 42+43)45 47,876,425 33,136,765 33,883,736 37,756,475 51,429,599 0 194,896,443 398,979,443 404,383,505 411,111,460 ADOPTED BUDGET SUMMARY City Name: WAUKEE Fiscal Year July 1, 2026 - June 30, 2027 GENERAL SPECIAL REVENUES TIF SPECIAL REVENUES DEBT SERVICE CAPITAL PROJECTS PERMANENT PROPRIETARY BUDGET 2027 RE-ESTIMATED 2026 ACTUAL 2025 Revenues & Other Financing Sources Taxes Levied on Property 1 16,659,227 4,279,414 8,772,207 0 29,710,848 27,849,212 24,878,644 Less: Uncollected Property Taxes-Levy Year 2 0 0 0 0 0 0 0 Net Current Property Taxes 3 16,659,227 4,279,414 8,772,207 0 29,710,848 27,849,212 24,878,644 Delinquent Property Taxes 4 25,000 0 0 0 25,000 12,500 -1,026 TIF Revenues 5 15,787,881 15,787,881 17,145,808 11,357,171 Other City Taxes 6 1,274,974 6,061,510 20,810 0 7,357,294 6,277,857 6,611,929 Licenses & Permits 7 2,706,050 10,000 0 2,716,050 2,590,200 9,316,977 Use of Money and Property 8 973,500 595,000 395,500 400,000 1,750,000 0 1,357,750 5,471,750 4,477,500 7,462,428 Intergovernmental 9 946,850 4,525,663 0 41,290 0 0 5,513,803 5,502,724 5,808,633 Charges for Fees & Service 10 2,298,500 0 0 0 0 26,409,700 28,708,200 37,710,800 40,176,950 Special Assessments 11 0 0 0 0 0 0 0 7,969 Miscellaneous 12 617,350 534,000 0 0 0 143,000 1,294,350 1,388,850 1,003,010 Sub-Total Revenues 13 25,501,451 16,005,587 16,183,381 9,234,307 1,750,000 0 27,910,450 96,585,176 102,955,451 106,622,685 Other Financing Sources: Total Transfers In 14 4,288,924 0 0 10,790,747 150,000 0 0 15,229,671 13,544,424 21,284,311 Proceeds of Debt 15 0 0 0 0 42,140,000 0 42,140,000 30,570,000 25,719,678 Proceeds of Capital Asset Sales 16 0 0 0 0 0 0 0 0 0 30,811 Total Revenues and Other Sources 17 29,790,375 16,005,587 16,183,381 20,025,054 44,040,000 0 27,910,450 153,954,847 147,069,875 153,657,485 Expenditures & Other Financing Uses Public Safety 18 18,670,160 0 0 0 18,670,160 16,867,525 43,112,548 Public Works 19 1,304,242 4,543,729 0 0 5,847,971 6,097,288 20,915,197 Health and Social Services 20 135,100 0 0 0 135,100 67,000 80,000 Culture and Recreation 21 5,620,387 0 0 0 5,620,387 5,366,060 9,836,956 Community and Economic Development 22 1,318,284 0 3,947,653 0 5,265,937 3,678,790 2,497,746 General Government 23 3,032,410 0 0 0 3,032,410 2,434,250 2,057,686 Debt Service 24 0 0 0 16,662,186 0 16,662,186 15,585,824 15,104,196 Capital Projects 25 0 0 0 49,725,000 0 49,725,000 51,150,000 374,847 Total Government Activities Expenditures 26 30,080,583 4,543,729 3,947,653 16,662,186 49,725,000 0 104,959,151 101,246,737 93,979,176 Business Type Proprietray: Enterprise & ISF 27 28,126,323 28,126,323 44,567,748 38,534,343 Total Gov & Bus Type Expenditures 28 30,080,583 4,543,729 3,947,653 16,662,186 49,725,000 0 28,126,323 133,085,474 145,814,485 132,513,519 Total Transfers Out 29 0 6,639,812 8,108,152 0 0 0 481,707 15,229,671 13,544,424 21,284,311 Total ALL Expenditures/Fund Transfers Out 30 30,080,583 11,183,541 12,055,805 16,662,186 49,725,000 0 28,608,030 148,315,145 159,358,909 153,797,830 Excess Revenues & Other Sources Over 31 (Under) Expenditures/Transfers Out 32 -290,208 4,822,046 4,127,576 3,362,868 -5,685,000 0 -697,580 5,639,702 -12,289,034 -140,345 Beginning Fund Balance July 1 33 18,086,050 17,131,178 17,700,355 17,731,421 7,389,599 0 166,985,993 245,024,596 257,313,630 257,453,975 Ending Fund Balance June 30 34 17,795,842 21,953,224 21,827,931 21,094,289 1,704,599 0 166,288,413 250,664,298 245,024,596 257,313,630 LONG TERM DEBT SCHEDULE - LT DEBT1 GENERAL OBLIGATION BONDS, TIF BONDS, REVENUE BONDS, LOANS, LEASE-PURCHASE PAYMENTS Debt Name Amount of Issue Type of Debt Obligation Debt ResolutionNumber Principal Due FY Interest Due FY Total ObligationDue FY Bond Reg./ Paying AgentFees Due FY Reductions due toRefinancing or Prepayment of Certified Debt Paid from Funds OTHER THAN Current Year Debt Service Taxes Amount Paid Current Year Debt Service Levy 2026A - Go/CIP 1 10,460,000 GO 2026-066 230,000 583,863 813,863 600 551,635 262,828 2024b - GO/LOSST 2 11,590,000 GO 2024-361 380,000 493,819 873,819 600 874,419 0 2024A - GO/CIP 3 12,165,000 GO 2024-359 615,000 420,850 1,035,850 600 656,350 380,100 2023C - Storm Water 4 3,350,000 NON-GO 2023-375 125,000 129,731 254,731 600 255,331 0 2023bB- GO/CIP 5 38,305,000 GO 2023.373 1,575,000 1,570,131 3,145,131 600 2,661,242 484,489 2022A - GO/CIP 6 11,755,000 GO 2022-271 360,000 401,781 761,781 600 333,726 428,655 2021B - GO Urb Renew/CIP 7 19,760,000 GO 2021-449 715,000 523,313 1,238,313 600 0 1,238,913 2020A - GO/CIP 8 17,305,000 GO 2021-107 855,000 225,150 1,080,150 600 582,050 498,700 2020B - GO/LOST 9 9,155,000 GO 2020-425 575,000 228,750 803,750 600 804,350 0 2020A - GO/CIP 10 12,900,000 GO 2020-144 1,000,000 211,560 1,211,560 600 0 1,212,160 2019B - Water Revenue 11 2,040,000 NON-GO 19-302 135,000 39,900 174,900 600 175,500 0 2019A - GO/CIP 12 4,655,000 GO 19-300 385,000 69,650 454,650 600 0 455,250 2018C - Sewer Revenue 13 3,565,000 NON-GO 18-212 175,000 82,540 257,540 600 258,140 0 2018B - Water Revenue 14 3,410,000 NON-GO 18-211 100,000 85,038 185,038 600 185,638 0 2018A - GO/LOST CIP 15 19,775,000 GO 18-218 1,075,000 437,788 1,512,788 600 603,690 909,698 2017A - CIP 16 13,940,000 GO 17-214 205,000 362,806 567,806 600 568,406 2015C - CIP 17 7,340,000 GO 15-375 440,000 55,500 495,500 600 496,100 2015B - GPP Main / Xenia Purc 18 1,450,000 NON-GO 15-206 140,000 4,200 144,200 600 144,800 0 2014A - Alices Rd/Interchange 19 23,295,000 GO 14-326 1,555,000 273,496 1,828,496 600 710,807 1,118,289 2017 - SRF 20 12,537,000 NON-GO 17-367 552,000 69,090 621,090 621,090 0 2018 - SRF 21 2,948,000 NON-GO 18-247 120,000 31,840 151,840 151,840 0 2023 - SRF 22 14,129,000 NON-GO 2023-135 642,000 165,171 807,171 807,171 0 Iowa DOT Loan Agreement 23 7,339,294 GO 2023-486 733,929 733,929 733,929 Axon Lease Agreement 24 380,374 NON-GO 2022-161 76,075 76,075 76,075 0 Axon Lease Agreement 25 156,622 NON-GO 2024-219 31,325 31,325 31,325 0 2025 - SRF 26 7,000,000 NON-GO 2025-473 262,000 219,920 481,920 481,920 0 27 -0 0 28 -0 0 29 -0 0 30 -0 0 TOTALS 13,057,329 6,685,887 19,743,216 11,400 0 10,967,099 8,787,517 LONG TERM DEBT SCHEDULE - LT DEBT2 GENERAL OBLIGATION BONDS, TIF BONDS, REVENUE BONDS, LOANS, LEASE-PURCHASE PAYMENTS Debt Name Amount of Issue Type of Debt Obligation Debt ResolutionNumber Principal Due FY Interest Due FY Total ObligationDue FY Bond Reg./ Paying AgentFees Due FY Reductions due toRefinancing or Prepayment of Certified Debt Paid from Funds OTHER THAN Current Year Debt Service Taxes Amount Paid Current Year Debt Service Levy 31 -0 0 32 -0 0 33 -0 0 34 -0 0 35 -0 0 36 -0 0 37 -0 0 38 -0 0 39 -0 0 40 -0 0 41 -0 0 42 -0 0 43 -0 0 44 -0 0 45 -0 0 46 -0 0 47 -0 0 48 -0 0 49 -0 0 50 -0 0 51 -0 0 52 -0 0 53 -0 0 54 -0 0 55 -0 0 56 -0 0 57 -0 0 58 -0 0 59 -0 0 60 -0 0 TOTALS 13,057,329 6,685,887 19,743,216 11,400 0 10,967,099 8,787,517 LONG TERM DEBT SCHEDULE - LT DEBT3 GENERAL OBLIGATION BONDS, TIF BONDS, REVENUE BONDS, LOANS, LEASE-PURCHASE PAYMENTS Debt Name Amount of Issue Type of Debt Obligation Debt ResolutionNumber Principal Due FY Interest Due FY Total ObligationDue FY Bond Reg./ Paying AgentFees Due FY Reductions due toRefinancing or Prepayment of Certified Debt Paid from Funds OTHER THAN Current Year Debt Service Taxes Amount Paid Current Year Debt Service Levy 61 -0 0 62 -0 0 63 -0 0 64 -0 0 65 -0 0 66 -0 0 67 -0 0 68 -0 0 69 -0 0 70 -0 0 71 -0 0 72 -0 0 73 -0 0 74 -0 0 75 -0 0 76 -0 0 77 -0 0 78 -0 0 79 -0 0 80 -0 0 81 -0 0 82 -0 0 83 -0 0 84 -0 0 85 -0 0 86 -0 0 87 -0 0 88 -0 0 89 -0 0 90 -0 0 TOTALS 13,057,329 6,685,887 19,743,216 11,400 0 10,967,099 8,787,517 LONG TERM DEBT SCHEDULE - LT DEBT4 GENERAL OBLIGATION BONDS, TIF BONDS, REVENUE BONDS, LOANS, LEASE-PURCHASE PAYMENTS Debt Name Amount of Issue Type of Debt Obligation Debt ResolutionNumber Principal Due FY Interest Due FY Total ObligationDue FY Bond Reg./ Paying AgentFees Due FY Reductions due toRefinancing or Prepayment of Certified Debt Paid from Funds OTHER THAN Current Year Debt Service Taxes Amount Paid Current Year Debt Service Levy 91 -0 0 92 -0 0 93 -0 0 94 -0 0 95 -0 0 96 -0 0 97 -0 0 98 -0 0 99 -0 0 100 -0 0 101 -0 0 102 -0 0 103 -0 0 104 -0 0 105 -0 0 106 -0 0 107 -0 0 108 -0 0 109 -0 0 110 -0 0 111 -0 0 112 -0 0 113 -0 0 114 -0 0 115 -0 0 116 -0 0 117 -0 0 118 -0 0 119 -0 0 120 -0 0 TOTALS 13,057,329 6,685,887 19,743,216 11,400 0 10,967,099 8,787,517 LONG TERM DEBT SCHEDULE - LT DEBT5 GENERAL OBLIGATION BONDS, TIF BONDS, REVENUE BONDS, LOANS, LEASE-PURCHASE PAYMENTS Debt Name Amount of Issue Type of Debt Obligation Debt ResolutionNumber Principal Due FY Interest Due FY Total ObligationDue FY Bond Reg./ Paying AgentFees Due FY Reductions due toRefinancing or Prepayment of Certified Debt Paid from Funds OTHER THAN Current Year Debt Service Taxes Amount Paid Current Year Debt Service Levy 121 -0 0 122 -0 0 123 -0 0 124 -0 0 125 -0 0 126 -0 0 127 -0 0 128 -0 0 129 -0 0 130 -0 0 131 -0 0 132 -0 0 133 -0 0 134 -0 0 135 -0 0 136 -0 0 137 -0 0 138 -0 0 139 -0 0 140 -0 0 141 -0 0 142 -0 0 143 -0 0 144 -0 0 145 -0 0 146 -0 0 147 -0 0 148 -0 0 149 -0 0 150 -0 0 TOTALS 13,057,329 6,685,887 19,743,216 11,400 0 10,967,099 8,787,517 LONG TERM DEBT SCHEDULE - LT DEBT6 GENERAL OBLIGATION BONDS, TIF BONDS, REVENUE BONDS, LOANS, LEASE-PURCHASE PAYMENTS Debt Name Amount of Issue Type of Debt Obligation Debt ResolutionNumber Principal Due FY Interest Due FY Total ObligationDue FY Bond Reg./ Paying AgentFees Due FY Reductions due toRefinancing or Prepayment of Certified Debt Paid from Funds OTHER THAN Current Year Debt Service Taxes Amount Paid Current Year Debt Service Levy 151 -0 0 152 -0 0 153 -0 0 154 -0 0 155 -0 0 156 -0 0 157 -0 0 158 -0 0 159 -0 0 160 -0 0 161 -0 0 162 -0 0 163 -0 0 164 -0 0 165 -0 0 166 -0 0 167 -0 0 168 -0 0 169 -0 0 170 -0 0 171 -0 0 172 -0 0 173 -0 0 174 -0 0 175 -0 0 176 -0 0 177 -0 0 178 -0 0 179 -0 0 180 -0 0 TOTALS 13,057,329 6,685,887 19,743,216 11,400 0 10,967,099 8,787,517 LONG TERM DEBT SCHEDULE - LT DEBT7 GENERAL OBLIGATION BONDS, TIF BONDS, REVENUE BONDS, LOANS, LEASE-PURCHASE PAYMENTS Debt Name Amount of Issue Type of Debt Obligation Debt ResolutionNumber Principal Due FY Interest Due FY Total ObligationDue FY Bond Reg./ Paying AgentFees Due FY Reductions due toRefinancing or Prepayment of Certified Debt Paid from Funds OTHER THAN Current Year Debt Service Taxes Amount Paid Current Year Debt Service Levy 181 -0 0 182 -0 0 183 -0 0 184 -0 0 185 -0 0 186 -0 0 187 -0 0 188 -0 0 189 -0 0 190 -0 0 191 -0 0 192 -0 0 193 -0 0 194 -0 0 195 -0 0 196 -0 0 197 -0 0 198 -0 0 199 -0 0 200 -0 0 201 -0 0 202 -0 0 203 -0 0 204 -0 0 205 -0 0 206 -0 0 207 -0 0 208 -0 0 209 -0 0 210 -0 0 TOTALS 13,057,329 6,685,887 19,743,216 11,400 0 10,967,099 8,787,517 LONG TERM DEBT SCHEDULE - GRAND TOTALS GENERAL OBLIGATION BONDS, TIF BONDS, REVENUE BONDS, LOANS, LEASE-PURCHASE PAYMENTS Principal DueFY 2027 Interest DueFY 2027 Total Obligation DueFY 2027 Bond Reg./ Paying AgentFees Due FY 2027 Reductions due to Refinancing orPrepayment of Certified Debt Paid from Sources OTHER THANBudget Year Debt Service Levy Amount Paid Budget YearDebt Service Levy GO - TOTAL 10,698,929 5,858,457 16,557,386 8,400 0 7,778,269 8,787,517 NON GO - TOTAL 2,358,400 827,430 3,185,830 3,000 0 3,188,830 0 GRAND - TOTAL 13,057,329 6,685,887 19,743,216 11,400 0 10,967,099 8,787,517 NOTICE OF PUBLIC HEARING -- PROPOSED BUDGET Fiscal Year July 1, 2026 - June 30, 2027 City of: WAUKEE The City Council will conduct a public hearing on the proposed Budget at: Waukee City Hall - Council Chambers - 230 W Hickman Rd or https://zoom.us/j/352651371 Meeting ID 352-651-371 or by phone +1 646-558-8656 or +1 312-626-6799 or +1 301-715-8592 Meeting Date: 4/20/2026 Meeting Time: 05:30 PM At the public hearing any resident or taxpayer may present objections to, or arguments in favor of , any part of the proposed budget. This notice represents a summary of the supporting detail of revenues and expenditures on file with the City Clerk and County Auditor. City budgets are subject to protest. If protest petition requirements are met, the State Appeal Board will hold a local hearing. For more information, consult https://dom.iowa.gov/local-budget-appeals. The Budget Estimate Summary of proposed receipts and expenditures is shown below. Copies of the the detailed proposed Budget may be obtained or viewed at the offices of the Mayor, City Clerk, and at the Library. The estimated Total tax levy rate per $1000 valuation on regular property 12.80000 The estimated tax levy rate per $1000 valuation on Agricultural property is 3.00375 At the public hearing, any resident or taxpayer may present objections to, or arguments in favor of, any part of the proposed budget. Phone Number (515) 978-7918 City Clerk/Finance Officer's NAME Rachel Downing, Finance Director Budget FY 2027 Re-estimated FY 2026 Actual FY 2025 Revenues & Other Financing Sources Taxes Levied on Property 1 29,710,848 27,849,212 24,878,644 Less: Uncollected Property Taxes-Levy Year 2 0 0 0 Net Current Property Taxes 3 29,710,848 27,849,212 24,878,644 Delinquent Property Taxes 4 25,000 12,500 -1,026 TIF Revenues 5 15,787,881 17,145,808 11,357,171 Other City Taxes 6 7,357,294 6,277,857 6,611,929 Licenses & Permits 7 2,716,050 2,590,200 9,316,977 Use of Money and Property 8 5,471,750 4,477,500 7,462,428 Intergovernmental 9 5,513,803 5,502,724 5,808,633 Charges for Fees & Service 10 28,708,200 37,710,800 40,176,950 Special Assessments 11 0 0 7,969 Miscellaneous 12 1,294,350 1,388,850 1,003,010 Other Financing Sources 13 42,140,000 30,570,000 25,750,489 Transfers In 14 15,229,671 13,544,424 21,284,311 Total Revenues and Other Sources 15 153,954,847 147,069,875 153,657,485 Expenditures & Other Financing Uses Public Safety 16 18,670,160 16,867,525 43,112,548 Public Works 17 5,847,971 6,097,288 20,915,197 Health and Social Services 18 135,100 67,000 80,000 Culture and Recreation 19 5,620,387 5,366,060 9,836,956 Community and Economic Development 20 5,265,937 3,678,790 2,497,746 General Government 21 3,032,410 2,434,250 2,057,686 Debt Service 22 16,662,186 15,585,824 15,104,196 Capital Projects 23 49,725,000 51,150,000 374,847 Total Government Activities Expenditures 24 104,959,151 101,246,737 93,979,176 Business Type / Enterprises 25 28,126,323 44,567,748 38,534,343 Total ALL Expenditures 26 133,085,474 145,814,485 132,513,519 Transfers Out 27 15,229,671 13,544,424 21,284,311 Total ALL Expenditures/Transfers Out 28 148,315,145 159,358,909 153,797,830 Excess Revenues & Other Sources Over(Under) Expenditures/Transfers Out 29 5,639,702 -12,289,034 -140,345 Beginning Fund Balance July 1 30 245,024,596 257,313,630 257,453,975 Ending Fund Balance June 30 31 250,664,298 245,024,596 257,313,630