Resolutions-2011-56 (3)

Form 631. 1 Department of Management NOTICE OF PUBLIC HEARING BUDGET ESTIMATE FISCAL YEAR BEGINNING JULY 1, 2011 - ENDING JUNE 30, 2012 City of Tiffin , Iowa The City Council will conduct a public hearing on the proposed Budget at SPRINGMIER LIBRARY MIDDLE SCI- 1 on MARCH 9, 2011 at 6: 30PM 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 $ 11. 97649 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. 319 - 545 - 2572 RUTH DEMUTH phone number City Clerk/ Finance Officer' s NAME Budget FY Re- estimated FY Actual FY 2012 2011 2010 a) b) c) Revenues & Other Financing Sources Taxes Levied on Property 1 385, 776 312, 111 314, 684 Less: Uncollected Property Taxes -Levy Year 2 0 0 0 Net Current Property Taxes 3 385, 776 312, 111 314, 684 Delinquent Property Taxes 4 0 0 236 TIF Revenues 5 1, 286, 981 1, 309, 493 1, 223, 293 Other City Taxes 6 238, 781 196, 126 194, 279 Licenses & Permits 7 40, 000 61, 000 34, 222 Use of Money and Property 8 35, 000 40, 000 36, 130 Intergovernmental 9 773, 844 100, 984 958, 991 Charges for Fees & Service 10 756, 000 739, 300 794, 174 Special Assessments 11 0 0 0 Miscellaneous 12 10, 000 62, 130 9, 214 Other Financing Sources 13 4, 249, 826 711, 810 0 Total Revenues and Other Sources 14 7, 776, 208 3, 532, 954 3, 565, 223 Expenditures & Other Financing Uses Public Safety 15 239, 418 168, 171 147, 648 Public Works 16 275, 598 264, 748 277, 885 Health and Social Services 17 0 0 0 Culture and Recreation 18 122, 314 104, 800 99, 535 Community and Economic Development 19 74, 500 61, 000 42, 683 General Government 20 175, 075 161, 055 143, 832 Debt Service 21 215, 414 226, 923 208, 597 Capital Projects 22 4, 695, 826 627, 000 2, 007, 893 Total Government Activities Expenditures 23 5, 798, 145 1, 613, 697 2, 928, 073 Business Type / Enterprises 24 873, 186 565, 568 609, 824 Total ALL Expenditures 25 6, 671, 331 2, 179, 265 3, 537, 897 Transfers Out 26 1, 900, 000 627, 000 0 Total ALL Expenditures/Transfers Out 27 8, 571, 331 2, 806, 265 3, 537, 897 Excess Revenues & Other Sources Over Under) Expenditures/ Transfers Out 28 795, 123 726, 689 27, 326 Continuing Appropriation 29 0 0 Beginning Fund Balance July 1 30 2, 519, 847 1, 793, 158 1, 765, 832 Ending Fund Balance June 30 31 1, 724, 724 2, 519, 847 1, 793, 158