Minutes-10/13/1999

NOTICE OF PUBLIC HEARING AMENDMENT OF CURRENT CITY BUDGET The City Council of TILLIN in Johnson County, Iowa will meet at Tillin Fire Station at 6:30 p.m. on October 13, 1999 (date) for the purpose of amending the current budget of the city for the fiscal year ending June 30, 2000 by changing estimates of revenue and expenditure appropriations in the following programs for the reasons given. Additional detail is available at the city clerk's office showing revenues and expenditures by fund type and by activity. <table> <tr> <th></th> <th>Total Budget as certified or last amended</th> <th>Current Amendment</th> <th>Total Budget after Current Amendment</th> </tr> <tr> <td colspan="4"><b>Revenues & Other Financing Sources</b></td> </tr> <tr> <td>Taxes Levied on Property</td> <td>128,788</td> <td></td> <td>128,788</td> </tr> <tr> <td>Less: Uncollected Property Taxes Levy Year</td> <td></td> <td></td> <td></td> </tr> <tr> <td>Net Current Property Taxes</td> <td>128,788</td> <td></td> <td>128,788</td> </tr> <tr> <td>Delinquent Property Taxes</td> <td></td> <td></td> <td></td> </tr> <tr> <td>TIF Revenues</td> <td>217,782</td> <td></td> <td>217,782</td> </tr> <tr> <td>Other City Taxes</td> <td></td> <td></td> <td></td> </tr> <tr> <td>Licenses & Permits</td> <td>38,000</td> <td></td> <td>38,000</td> </tr> <tr> <td>Use of Money and Property</td> <td>14,000</td> <td></td> <td>14,000</td> </tr> <tr> <td>Intragovernmental</td> <td>38,000</td> <td></td> <td>38,000</td> </tr> <tr> <td>Charged for Services</td> <td>200,000</td> <td>40,000</td> <td>240,000</td> </tr> <tr> <td>Special Assessments</td> <td></td> <td></td> <td></td> </tr> <tr> <td>Miscellaneous</td> <td>5,000</td> <td></td> <td>5,000</td> </tr> <tr> <td>Other Financing Sources</td> <td></td> <td></td> <td></td> </tr> <tr> <td>Total Revenues and Other Sources</td> <td>641,570</td> <td>1,600,000</td> <td>2,281,570</td> </tr> <tr> <td colspan="4"><b>Expenditures & Other Financing Uses</b></td> </tr> <tr> <td>Community Protection (police, fire, street lighting, etc)</td> <td>29,220</td> <td></td> <td>29,220</td> </tr> <tr> <td>Human Development (health, library, recreation, etc)</td> <td>25,500</td> <td>50,000</td> <td>75,500</td> </tr> <tr> <td>Home & Community Environment (garbage, streets, utilities, etc)</td> <td>308,000</td> <td>2,015,000</td> <td>2,323,000</td> </tr> <tr> <td>Policy & Administration (mayor, council, clerk, legal, etc)</td> <td>98,000</td> <td></td> <td>98,000</td> </tr> <tr> <td>Non-Program</td> <td></td> <td></td> <td></td> </tr> <tr> <td>Total Expenditures</td> <td>460,720</td> <td>2,065,000</td> <td>2,525,720</td> </tr> <tr> <td>Less:</td> <td></td> <td></td> <td></td> </tr> <tr> <td>Debt Service</td> <td>40,000</td> <td></td> <td>40,000</td> </tr> <tr> <td>Capital Projects</td> <td></td> <td>1,600,000</td> <td>1,600,000</td> </tr> <tr> <td>Net Operating Expenditures</td> <td>420,720</td> <td>465,000</td> <td>885,720</td> </tr> <tr> <td>Transfers Out</td> <td></td> <td></td> <td></td> </tr> <tr> <td>Total Expenditures/Transfers Out</td> <td>460,720</td> <td>2,065,000</td> <td>2,525,720</td> </tr> <tr> <td>Excess Revenues & Other Sources Over (Under) Expenditures/Transfers Out</td> <td>180,850</td> <td>(425,000)</td> <td>(244,150)</td> </tr> <tr> <td>Begging Fund Balance July 1</td> <td>324,139</td> <td>160,117</td> <td>484,256</td> </tr> <tr> <td>Ending Fund Balance June 30</td> <td>504,989</td> <td>(264,883)</td> <td>240,106</td> </tr> </table> Explanation of increases or decreases in revenue estimates, appropriations, or available cash: TIF Revenues greater than anticipated Property and equipment purchase increasing expenditures No increase in property taxes. 1,600,000 Bond and Wastewater Project There will be no increase in tax levies to be paid in the current fiscal year named above. Any increase in expenditures set out above will be met from the increased non property tax revenues and cash balances not budgeted or considered in this current budget. This will provide for a balanced budget.