Resolutions-2019-068

CITY BUDGET AMENDMENT AND CERTIFICATION RESOLUTION - FY 2019 - AMENDMENT #1 To the Auditor of JOHNSON County, Iowa: The City Council of TIFFIN in said County/Counties met on 5/28/2019 at the place and hour set in the notice, a copy of which accompanies this certificate and is certified as to publication. Upon taking up the proposed amendment, it was considered and taxpayers were heard for and against the amendment. The Council, after hearing all taxpayers wishing to be heard and considering the statements made by them, gave final consideration to the proposed amendment(s) to the budget and modifications proposed at the hearing, if any. thereupon, the following resolution was introduced. RESOLUTION No. 2019-068 A RESOLUTION AMENDING THE CURRENT BUDGET FOR THE FISCAL YEAR ENDING JUNE 3 2019 (AS AMENDED LAST ON N/A.) Be it Resolved by the Council of the City of TIFFIN Section 1. Following notice published 5/18/2019 and the public hearing held, 5/28/2019 the current budget (as previously amended) is amended as set out herein and in the detail by fund type and activity that supports this resolution which was considered at that hearing: <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> <th colspan="4">Revenues & Other Financing Sources</th> </tr> <tr> <td>Taxes Levied on Property</td> <td>1,718,952</td> <td>2,296</td> <td>1,721,248</td> </tr> <tr> <td>Less: Uncollected Property Taxes-Levy Year</td> <td>0</td> <td>0</td> <td>0</td> </tr> <tr> <td><b>Net Current Property Taxes</b></td> <td>1,718,952</td> <td>2,296</td> <td>1,721,248</td> </tr> <tr> <td>Delinquent Property Taxes</td> <td>0</td> <td>0</td> <td>0</td> </tr> <tr> <td>TIF Revenues</td> <td>1,144,254</td> <td>0</td> <td>1,144,254</td> </tr> <tr> <td>Other City Taxes</td> <td>57,442</td> <td>0</td> <td>57,442</td> </tr> <tr> <td>Licenses & Permits</td> <td>376,064</td> <td>75,000</td> <td>451,064</td> </tr> <tr> <td>Use of Money and Property</td> <td>36,637</td> <td>13,000</td> <td>49,637</td> </tr> <tr> <td>Intergovernmental</td> <td>837,587</td> <td>76,015</td> <td>913,602</td> </tr> <tr> <td>Charges for Services</td> <td>1,588,920</td> <td>180,000</td> <td>1,768,920</td> </tr> <tr> <td>Special Assessments</td> <td>0</td> <td>0</td> <td>0</td> </tr> <tr> <td>Miscellaneous</td> <td>115,250</td> <td>247,504</td> <td>362,754</td> </tr> <tr> <td>Other Financing Sources</td> <td>4,000,000</td> <td>0</td> <td>4,000,000</td> </tr> <tr> <td>Transfers In</td> <td>1,293,220</td> <td>3,148,186</td> <td>4,441,406</td> </tr> <tr> <td><b>Total Revenues and Other Sources</b></td> <td>11,168,326</td> <td>3,742,000</td> <td>14,910,326</td> </tr> <tr> <th colspan="4">Expenditures & Other Financing Uses</th> </tr> <tr> <td>Public Safety</td> <td>373,684</td> <td>30,000</td> <td>403,684</td> </tr> <tr> <td>Public Works</td> <td>323,660</td> <td>76,348</td> <td>400,008</td> </tr> <tr> <td>Health and Social Services</td> <td>0</td> <td>0</td> <td>0</td> </tr> <tr> <td>Culture and Recreation</td> <td>273,508</td> <td>1,015</td> <td>274,523</td> </tr> <tr> <td>Community and Economic Development</td> <td>170,511</td> <td>0</td> <td>170,511</td> </tr> <tr> <td>General Government</td> <td>375,024</td> <td>49,000</td> <td>424,024</td> </tr> <tr> <td>Debt Service</td> <td>1,375,940</td> <td>81,557</td> <td>1,457,507</td> </tr> <tr> <td>Capital Projects</td> <td>5,676,000</td> <td>1,072,608</td> <td>6,748,608</td> </tr> <tr> <td><b>Total Government Activities Expenditures</b></td> <td>8,568,327</td> <td>1,310,538</td> <td>9,878,865</td> </tr> <tr> <td>Business Type / Enterprises</td> <td>5,251,712</td> <td>861,154</td> <td>6,112,866</td> </tr> <tr> <td><b>Total Gov Activities & Business Expenditures</b></td> <td>13,820,039</td> <td>2,171,692</td> <td>15,991,731</td> </tr> <tr> <td>Transfers Out</td> <td>1,293,220</td> <td>3,148,186</td> <td>4,441,406</td> </tr> <tr> <td><b>Total Expenditures/Transfers Out</b></td> <td>15,113,259</td> <td>5,319,877</td> <td>20,433,136</td> </tr> <tr> <td>Excess Revenues & Other Sources Over (Under) Expenditures/Transfers Out Fiscal Year</td> <td>-3,944,933</td> <td>-1,577,878</td> <td>-5,522,811</td> </tr> <tr> <td>Beginning Fund Balance July 1</td> <td>4,320,358</td> <td>5,154,619</td> <td>9,474,977</td> </tr> <tr> <td>Ending Fund Balance June 30</td> <td>375,425</td> <td>3,576,741</td> <td>3,952,166</td> </tr> </table> Passed this 28 day of MAY, 2019