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HomeMy WebLinkAbout2020-04-06-H03 FY2021 Budget_PHAGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: April 6, 2020 AGENDA ITEM:On a proposed City of Waukee FY2021 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 $92,918,517 and expenditures of $95,670,489 for the FY2021 budget year. The City’s tax levy will be reduced by $0.10 / per $1,000 to $13.30 / per $1,000 of taxable valuation. RECOMMENDATION: Hold the Public Hearing. ATTACHMENTS: Notice of Public Hearing Budget Estimate Adoption of Budget and Certification of City Taxes PREPARED BY:Linda Burkhart REVIEWED BY: PUBLIC NOTICE INFORMATION – NAME OF PUBLICATION: Dallas County News DATE OF PUBLICATION: 03/26/2020 H3 Form 631.1 Department of Management NOTICE OF PUBLIC HEARING BUDGET ESTIMATE FISCAL YEAR BEGINNING JULY 1, 2020 - ENDING JUNE 30, 2021 City of , Iowa The City Council will conduct a public hearing on the proposed Budget at on 04/06/2020 at 5:30 pm (Date) xx/xx/xx (hour) 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 . . . . . . . . . . $ 13.30000 The estimated tax levy rate per $1000 valuation on Agricultural land 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. The city budget is subject to protest. More information on protest can be found at https://dom.iowa.gov/local-gov-appeals. (515) 978-7919 phone number City Clerk/Finance Officer's NAME Budget FY Re-estimated FY Actual FY 2021 2020 2019 (a)(b) (c) Revenues & Other Financing Sources Taxes Levied on Property 1 16,295,013 15,115,776 13,243,702 Less: Uncollected Property Taxes-Levy Year 2 0 0 0 Net Current Property Taxes 3 16,295,013 15,115,776 13,243,702 Delinquent Property Taxes 4 0 0 0 TIF Revenues 5 6,765,615 5,263,083 4,130,854 Other City Taxes 6 2,964,865 2,456,905 2,513,810 Licenses & Permits 7 1,563,680 1,528,130 2,445,190 Use of Money and Property 8 817,680 525,180 1,544,067 Intergovernmental 9 5,108,340 3,941,633 6,321,397 Charges for Fees & Service 10 24,861,446 21,574,860 24,559,177 Special Assessments 11 0 12,750 105,918 Miscellaneous 12 2,370,300 1,334,000 1,174,723 Other Financing Sources 13 19,655,000 18,395,000 -391,147 Transfers In 14 12,516,578 13,221,320 7,564,093 Total Revenues and Other Sources 15 92,918,517 83,368,637 63,211,784 Expenditures & Other Financing Uses Public Safety 16 8,359,550 7,795,845 6,596,414 Public Works 17 3,727,052 2,967,540 12,873,790 Health and Social Services 18 46,000 2,000 800 Culture and Recreation 19 2,872,300 2,612,454 7,239,295 Community and Economic Development 20 911,560 831,960 991,664 General Government 21 4,372,804 1,900,016 1,985,538 Debt Service 22 9,518,084 8,633,160 8,858,854 Capital Projects 23 24,204,500 26,670,000 188,487 Total Government Activities Expenditures 24 54,011,850 51,412,975 38,734,842 Business Type / Enterprises 25 29,142,061 22,154,756 16,676,598 Total ALL Expenditures 26 83,153,911 73,567,731 55,411,440 Transfers Out 27 12,516,578 13,221,320 7,564,093 Total ALL Expenditures/Transfers Out 28 95,670,489 86,789,051 62,975,533 Excess Revenues & Other Sources Over (Under) Expenditures/Transfers Out 29 -2,751,972 -3,420,414 236,251 Beginning Fund Balance July 1 30 80,822,274 84,242,688 84,006,437 Ending Fund Balance June 30 31 78,070,302 80,822,274 84,242,688 Waukee City Hall-230 W Hickman Rd Linda Burkhart, Finance Director The meeting shall be conducted via Zoom at the following link or phone numbers: Link - https://zoom.us/j/5718152748 Meeting ID: 571 815 2748 Phone - 1(253)215-8782 or 1(301)715-8592