I-2 - Budget Amendment FY 21-22 - Public Hearing Notice

NOTICE OF PUBLIC HEARING - AMENDMENT OF CURRENT BUDGET City of TIFFIN Fiscal Year July 1, 2021 - June 30, 2022 The City of TIFFIN will conduct a public hearing for the purpose of amending the current budget for fiscal year ending June 30, 2022 Meeting Date/Time: 5/31/2022 12:00 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 2,527,787 0 2,527,787 Less: Uncollected Delinquent Taxes - Levy Year 2 0 0 0 Net Current Property Tax 3 2,527,787 0 2,527,787 Delinquent Property Tax Revenue 4 0 0 0 TIF Revenues 5 1,610,206 0 1,610,206 Other City Taxes 6 62,063 0 62,063 Licenses & Permits 7 403,730 0 403,730 Use of Money & Property 8 64,800 0 64,800 Intergovernmental 9 296,487 0 296,487 Charges for Service 10 2,470,525 0 2,470,525 Special Assessments 11 0 0 0 Miscellaneous 12 43,100 0 43,100 Other Financing Sources 13 250,000 2,705,750 2,955,750 Transfers In 14 3,526,646 0 3,526,646 Total Revenues & Other Sources 15 11,255,344 2,705,750 13,961,094 EXPENDITURES & OTHER FINANCING USES Public Safety 16 890,961 0 890,961 Public Works 17 614,044 100,000 714,044 Health and Social Services 18 0 0 0 Culture and Recreation 19 423,112 100,000 523,112 Community and Economic Development 20 94,845 5,000 99,845 General Government 21 521,075 0 521,075 Debt Service 22 1,615,545 133,761 1,749,306 Capital Projects 23 2,063,000 975,000 3,038,000 Total Government Activities Expenditures 24 6,222,582 1,313,761 7,536,343 Business Type/Enterprise 25 1,358,685 1,081,977 2,440,662 Total Gov Activities & Business Expenditures 26 7,581,267 2,395,738 9,977,005 Transfers Out 27 3,526,646 0 3,526,646 Total Expenditures/Transfers Out 28 11,107,913 2,395,738 13,503,651 Excess Revenues & Other Sources Over 29 147,431 310,012 457,443 (Under) Expenditures/Transfers Out Beginning Fund Balance July 1, 2021 30 11,137,676 0 11,137,676 Ending Fund Balance June 30, 2022 31 11,285,107 310,012 11,595,119 Explanation of Changes: Purchased ground, refinanced note, and original town project. All expenses are covered by reserve funds. 05/17/2022 08:55 AM Page 1 of 1