Resolutions-2016-012

NOTICE OF PUBLIC HEARING AMENDMENT OF CURRENT CITY BUDGET Form 653. C1 The City Council of Tiffin in JOHNSON County, Iowa will meet at City Hall, 300 Railroad Street, Tiffin, Iowa at 7: 00 p. m. on 2/ 2/ 2016 hour) ( Date) for the purpose of amending the current budget of the city for the fiscal year ending June 30, 2016 year) 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. Total Budget Total Budget as certified Current after Current or last amended Amendment Amendment Revenues & Other Financina Sources Taxes Levied on Property 1 897, 404 0 897, 404 Less: Uncollected Property Taxes - Levy Year 2 0 0 0 Net Current Property Taxes 3 897, 404 0 897,404 Delinquent Property Taxes 4 0 0 0 TIF Revenues 5 800, 000 0 800, 000 Other City Taxes 6 64, 028 0 64, 028 Licenses & Permits 7 124, 700 315, 000 439, 700 Use of Money and Property 8 47, 000 0 47, 000 Intergovernmental 9 1, 520, 724 0 1, 520, 724 Charges for Services 10 1, 084, 550 0 1, 084, 550 Special Assessments 11 0 0 0 Miscellaneous 12 7, 700 84, 762 92, 462 Other Financing Sources 13 7, 000, 000 0 7, 000, 000 Tranfers In 14 0 0 0 Total evenues and Other Sources Expenditures & Other Financing Use Public Safety 16 261, 500 29, 474 290, 974 Public Works 17 449, 321 0 449, 321 Health and Social Services 18 0 0 0 Culture and Recreation 19 160, 445 20, 320 180, 765 Community and Economic Development 20 283, 650 0 283, 650 General Government 21 220, 337 151, 16303711500 Debt Service 22 587, 978 198, 805783 Capital Projects 23 5, 445, 000 0000 o a overnmenActivities xpen i ures Business Type Enterprises 25 3, 013, 250 0250 Total GovActivities BusinessExpenditures 25 Transfers Out 27 0 00 Total Expendituresrrransfers Out 28 10, 421, 481 399, 762243 Excess Revenues & Other Sources Over Under) Expend ituresrTransfers Out for Fiscal Year 29 1, 124, 625 0 1, 124, 625 Beginning Fund Balance July 1 30 2, 713, 784 0 2, 713, 784 Ending Fund Balance June 30 31 3, 838, 409 0 3, 838, 409 Explanation Explanation ofof increases increases or or decreases decreases in in revenue revenue estimates, estimates, appropriations, appropriations, or or available available cash:cash: There There wil wil be be no no increase increase inin tax tax levies levies toto bebe paid paid in in the the current current fiscal fiscal year year named named above.above. Any Any increase increase in in expenditures expenditures set set out out above above will will be be met met from from the the increased increased non non - - property property tax tax revenues revenues and and cash cash balan balan no no budgeted budgeted or or considered considered in in this this current current budget. budget. This This will will provide provide for for a a balancedbud balancedbud t.t. Doug Doug Boldt Boldt CiCi Cler Cler na na ce ce Officer Officer