Resolutions-2019-030 (2)

DocuSign Envelope ID: 786D87ED-6E5A-486B-90E7-DEA0F7586C2A Form 631. 1 NOTICE OF PUBLIC HEARING BUDGET ESTIMATE FISCAL YEAR BEGINNING JULY 1, 2019 - ENDING JUNE 30, 2020 City of , Tiffin Iowa The City Council will conduct a public hearing on the proposed Budget at Tiffin City Hall on 3/5/2019 at 7:00 p.m. 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. 80689 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 Ashley Platz phone number City Clerk/ Finance Officer' s NAME Budget FY Re- est. FY Actual FY 2020 2019 2018 a)( b) ( c) Revenues & Other Financing Sources Taxes Levied on Property 1 1,963, 176 1,720, 784 1,481, 646 Less: Uncollected Property Taxes- Levy Year 2 0 0 0 Net Current Property Taxes 3 1,963, 176 1,720, 784 1,481, 646 Delinquent Property Taxes 4 0 0 0 TIF Revenues 5 1,119, 451 1,144, 254 878, 133 Other City Taxes 6 72, 626 0 0 Licenses & Permits 7 401, 230 376, 064 332, 965 Use of Money and Property 8 48, 554 36, 637 70, 422 Intergovernmental 9 1,469, 739 1,537, 587 2,307, 847 Charges for Services 10 2,141, 500 1,588, 920 1,553, 848 Special Assessments 11 0 0 0 Miscellaneous 12 100, 500 115, 250 78, 174 Other Financing Sources 13 7,421, 700 4,000, 000 8,592, 283 Transfers In 14 1,238, 950 1,293, 220 1,083, 248 Total Revenues and Other Sources 15 15, 977, 426 11, 812, 716 16, 378, 566 Expenditures & Other Financing Uses Public Safety 16 550, 902 373, 684 318, 613 Public Works 17 341, 173 323, 660 323, 009 Health and Social Services 18 0 0 0 Culture and Recreation 19 335, 364 273, 508 235, 184 Community and Economic Development 20 135, 938 170, 511 112, 878 General Government 21 423, 585 375, 024 380, 298 Debt Service 22 1,387, 365 1,375, 940 1,012, 253 Capital Projects 23 9,120, 000 5,676, 000 3,366, 353 Total Government Activities Expenditures 24 12, 294, 327 8,568, 327 5,748, 588 Business Type / Enterprises 25 3,468, 221 5,251, 712 3,587, 446 Total ALL Expenditures 26 15, 762, 548 13, 820, 039 9,336, 034 Transfers Out 27 1,238, 950 1,293, 220 1,083, 248 Total Expenditures/ Transfers Out 28 17, 001, 498 15, 113, 259 10, 419, 282 Excess Revenues & Other Sources Over Under) Expenditures/ Transfers Out 29 - 1,024, 072 - 3, 300, 543 5,959, 284 Beginning Fund Balance July 1 30 6,166, 950 9,467, 493 3,508, 209 Ending Fund Balance June 30 31 5,142, 878 6,166, 950 9,467, 493