Resolutions-2016-034

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 6/ 1412016 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 Financing Source I ... - ..... Taxes Levied on Property 1 897, 404 0 897, 404 Less: Uncollected Property Taxes - Levy Year 2 0 0 6 Net Current Property Taxes 3 897, 404 0 897, 404 Delinquent Property Taxes 4 0 0 3 TIF Revenues 5 800, 000 0 806, 000 Other City Taxes 6 64, 028 0 64, 028 Licenses & Permits 7 439, 700 0 439, 700 Use of Money and Property 8 47, 000 45, 767 92. 767 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 92,462 0 92, 462 Other Financing Sources 13 7, 000, 000 0 7, 000, 000 Tranfers In 14 0 0 0 Total Revenues and Omer bources 1:) I . . . I. . . . . I. .. . . . Expenditures & Other Financina Use 11 I ... ....... Public Safety 16 266, 974 15, 767 ... 366, 741 Public Works 17 449, 321 0 449, 32 Health and Social Services 18 0 0 Culture and Recreation 19 180, 765 0 180, 765 Community and Economic Development 20 283, 650 0 283, 650 General Government 21 371, 500 30, 000 401, 500 Debt Service 22 786, 783 0 786, 783 Capital Projects 23 5, 445, 000 0 5, 445, 00_0 I ol Uovernment Activities k: xpen ditures 24 Business Type / Enterprises 25 3, 013, 250 0 3, 013, 250 Total Gov Activities & 13usiness L: xpen ditures Zb Transfers Out 27 0 0 0 Total Expenditures/ Transfers Out 28 10. 821, 243 45, 767 10, 867, 0101 Excess Revenues & Other Sources Over Under) Expenditures/ Transfers Out for Fiscal Year 29 1, 124, 625 0 ..... 1, 124, 625 I ........ I .................. 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 of of increases increases or or decreases decreases in in revenue revenue estimates, estimates, appropriations, appropriations, oror available available cash:cash: Fire Fire Department Department monthly monthly expense. expense. Will Will use use surplus surplus funds funds toto cover.cover. Did Did not not budget budget enough enough for for Property &Property & Liability Liability Insurance. Insurance. Will Will use use surplus surplus funds funds to to cover cover expense. expense. There There will will be be no no increase increase inin tax tax levies levies toto be be paid paid inin the the current current fiscal fiscal year year named named above.above. Any Any increase increase inin 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 balances balances not not budgeted budgeted or or considered considered inin this this current current budget. budget. This This will will provide provide for for aa balanced balanced budget. budget. Doug Doug Boldt Boldt City City Clerk/Clerk/ Finance Finance Officer Officer