G-1, I-1 - Budget Amendment Public Notice

NOTICE OF PUBLIC HEARING - AMENDMENT OF CURRENT BUDGET TIFFIN Fiscal Year July 1, 2020 - June 30, 2021 The City of TIFFIN will conduct a public hearing for the purpose of amending the current budget for fiscal year ending June 30, 2021 Meeting Date/Time: 6/1/2021 07:00 PM Contact: Abigail Hora Phone: (319) 545-2572 Meeting Location: Tiffin City Hall, 300 Railroad St, Tiffin, Iowa There will be no increase in taxes. Any residents or taxpayers will be heard for or against the proposed amendment at the time and place specified above. A detailed statement of: additional receipts, cash balances on hand at the close of the preceding fiscal year, and proposed disbursements, both past and anticipated, will be available at the hearing. Total Budget Current Total Budget After REVENUES & OTHER FINANCING SOURCES as Certified Amendment Current Amendment or Last Amended Taxes Levied on Property 1 2,174,215 0 2,174,215 Less: Uncollected Delinquent Taxes - Levy Year 2 0 0 0 Net Current Property Tax 3 2,174,215 0 2,174,215 Delinquent Property Tax Revenue 4 0 0 0 TIF Revenues 5 1,443,875 0 1,443,875 Other City Taxes 6 66,768 0 66,768 Licenses & Permits 7 402,330 0 402,330 Use of Money & Property 8 50,900 0 50,900 Intergovernmental 9 745,163 0 745,163 Charges for Service 10 2,315,500 0 2,315,500 Special Assessments 11 0 0 0 Miscellaneous 12 65,100 0 65,100 Other Financing Sources 13 6,268,345 0 6,268,345 Transfers In 14 2,417,991 0 2,417,991 Total Revenues & Other Sources 15 15,950,187 0 15,950,187 EXPENDITURES & OTHER FINANCING USES Public Safety 16 578,093 15,000 593,093 Public Works 17 424,412 65,000 489,412 Health and Social Services 18 0 0 0 Culture and Recreation 19 416,444 0 416,444 Community and Economic Development 20 91,411 0 91,411 General Government 21 599,517 0 599,517 Debt Service 22 1,855,525 0 1,855,525 Capital Projects 23 5,075,000 0 5,075,000 Total Government Activities Expenditures 24 9,040,402 80,000 9,120,402 Business Type/Enterprise 25 3,635,349 0 3,635,349 Total Gov Activities & Business Expenditures 26 12,675,751 80,000 12,755,751 Tranfers Out 27 2,417,991 0 2,417,991 Total Expenditures/Transfers Out 28 15,093,742 80,000 15,173,742 Excess Revenues & Other Sources Over 29 856,445 -80,000 776,445 (Under) Expenditures/Transfers Out Beginning Fund Balance July 1, 2020 30 4,708,723 0 4,708,723 Ending Fund Balance June 30, 2021 31 5,565,168 -80,000 5,485,168 Explanation of Changes: Backup generator for City Hall, vehicle purchased and repairs for Public Works, additional salt for Public Works. All expenses are covered by reserve funds. 05/17/2021 11:44 AM Page 1 of 1