HomeMy WebLinkAbout2019-05-21 Public hearingr�rs NOTICE OF PUBLIC HEARING
ra,,, ann AMENDMENT OF FY2018-2019 CITY BUDGET
The City Council of Iowa City in JOHNSON County, Iowa
will ..at at 410 E Washington St, City Hall
at 7:00pm on 5/21/2019
f� N.>1
,forthe purpose of amending the current budget of the city forthe fiscal year ending lune 30, 2019
5-0
by changing estimates of revenue and expenditure appropriations in the following functions forthe reasons given.
Additional detail is available at the city clerk's office showing revenues and expenditures byfund type and by activity.
Explanation of increases or decreases in revenue estimates, appropriations, or available cash:
Amendments include revenue for increased interest Income above the ariginaI budget amount, and the increased patrol
contracted services. Amendments also Include adjustments for Fire and Police overtime, as well as increased expenditures due
to the heavy snow year the City had. Corresponding adjustments were made to the Contingency for adjustments to the General
Fund. Final adjustments were also included for unanticipated elevator repairs within parking amps. Additional detail is on file
and available from the Iowa City Finance Department.
There will be no increase in tax levies to be paid in the current fiscal year named above related to the proposed
budget amendment. Any increase in expenditures set out above will be met from the increased non -property tax
revenues and cash balances not budgeted or considered in this current budget.
Kellie Fruehling, City Clerk
Clty Ctrk/ Finance Officer Name
Total Budget
as certified
or last amended
Current
Amendment
Total Budget
after Current
Amendment
Revenues & Other Financing Sources
Taxes Levied on Property
1
59,173,825
59,173,825
Less: Uncollecuml Property Taxes -Levy Year
2
0
0
Net Current Property Taxes
3
59,173,825
0
59,173,825
Delinquent Property Taxes
4
0
0
TIF Revenues
5
2,621,772
2,621,772
Other CityTaxes
6
2,932,681
2,932,681
Ucerses a Permits
7
2,040,630
2,040,630
Use N Money and Property
8
2,439,672
302,000
2,741,672
Intergovernmental
9
42,111,631
42,111,631
Chayes for Services
10
47,849,512
70,000
47,919,512
Special Assessment
11
1,090
1,090
Miscellaneous
12
4,266,994
4,266,994
Other Financing Sources
13
17,869,518
17,869,518
Transfers In
14
49,473,358
601,670
50,075,028
Total Revenues and Other Sources
15
230,780,683
973,670
231,754,353
Expenditures 8 Other Financing Use
Public Safety
16
25,925,504
135,000
26,060,504
Public Worl
17
10,084,374
93,500
10,177,874
Health and Social Senates
18
310,000
310,000
Culture and Recreation
19
15,044,074
15,044,074
Community and Economic Development
20
11,422,062
11,422,062
General Government
21
10,090,228
-75,000
10,015,228
Debtservlce
u
13,806,387
13,806,387
Cal Project
23
81,247,520
81,247,520
Total Government Activities Expandimes
24
167,930,149
153,500
168,083,649
Business Type/En1ur,m.
25
72,811,606
250,000
73,061,606
Total Gov Activities 6 Business Expenditures
26
240,741,755
403,500
241,145,255
Transfers Out
27
49,473,358
601,670
50,075,028
Total Expendituresffrensfers out
2e
290,215,113
1,005,170
291,220,283
Excess Revenues 8 Mer Sources Over
(Under) ExpendituresRransfe rs Out Fiscal Year
29
-59,434,430
-31,500
59,465,930
Beginning Fund Balance July 1
30
193,419,135
193,419,135
Ending Fund Balance June 30 -
311
133,984,705
-31,500
133,953,205
Explanation of increases or decreases in revenue estimates, appropriations, or available cash:
Amendments include revenue for increased interest Income above the ariginaI budget amount, and the increased patrol
contracted services. Amendments also Include adjustments for Fire and Police overtime, as well as increased expenditures due
to the heavy snow year the City had. Corresponding adjustments were made to the Contingency for adjustments to the General
Fund. Final adjustments were also included for unanticipated elevator repairs within parking amps. Additional detail is on file
and available from the Iowa City Finance Department.
There will be no increase in tax levies to be paid in the current fiscal year named above related to the proposed
budget amendment. Any increase in expenditures set out above will be met from the increased non -property tax
revenues and cash balances not budgeted or considered in this current budget.
Kellie Fruehling, City Clerk
Clty Ctrk/ Finance Officer Name
Revenues
■ Use of Money and Property -
$302,000
- Interest Income
0 Charges For Services -
$70,000
- Patrol Contracted
Services
0 Transfers In - $602,000
- Landfill Assurance
Transfer
Total Budget
as certified
or last amended
Current
Amendment
Total Budget
after Current
Amendment
Revenues & Other Financinci Sources
Taxes Levied on Property
.............................
..........................................................
.............................
..........................................................
.............................
..........................................................
..........................................................
.............
...... . ..........................................................
..........................................................
.............................
.............................
.............................
......
59 173 825
Less: Uncollected PropetTaxes-l-evyYear
2
-
0
Net Current Property Taxes
?
59 173 825
0
69 173 825
C e linq u e nt Property Taxes
-
0
TIF Revenues
F
2 021 772
Other City Taxes
2 932 081
Licenses & Permits s
7
2 040 '
Use of Woney and Property
302.000
' 72
2 741 6
Intergovernmental
9
42 111 6 31
'
Charges for Services
10
70.000
47 919 512
Special Assessments
11
1 090
Wiscellaneous
12
4 2 6 6 994
Other Financing Sources
13
17 869,618
Transfers In
1
Z
601.670
60 076,028
Total Revenues and Other Sources
1F
230 780,683
973 670
231 754 353
Revenues
■ Use of Money and Property -
$302,000
- Interest Income
0 Charges For Services -
$70,000
- Patrol Contracted
Services
0 Transfers In - $602,000
- Landfill Assurance
Transfer
Expenditures
0 Public Safety - $135,000
- Police and Fire
Overtime
0 Public Works - $93,500
- Salt and Snow & Ice
Overtime
0 General Gov't - ($75,000)
- Contingency
0 Business Type - $250,000
- Elevator Repairs
0 Transfers Out- $602,000
- Landfill Assurance
Transfer
Total Budget
as certified
or lost amended
Current
Amendment
Total Budget
after Current
Amendment
Expenditures & Other Financing Uses
Public Safety
.............................
.............................
.......................
..............
.............................
.............................
ic
.............................
............................
......... .. . .............................
.............. ............................
.............................
............................
136.000
............................
.............................
............................
.............................
............................
.............................
26 060,604
Public 'Norks
17
93.500
10.177.,$74
Health and Social Services
is
310,000
Culture and Recreaticn
19
15,044 OT4
Community and Economic Development
20
11 422 Of.)
General Government
21
-76.000
10.015 226
Cebt Service
22
13,806,38T
Capital Projects
2?
81,247,520
Total Government Activities Expenditures
2t
167 930 149
153.500
168,083,649
Business Type I Enterprises
2`
260.000
73 061 606
Total Gov Activities & Business Expenditures
21C
240 741.755
403 500
241 145.266
Transfers Out
27
Z
-
601.670
50,075.028
,Total Expenditures7ransfers Out
29
290 215 113
1,005,170,
291,220,283
Expenditures
0 Public Safety - $135,000
- Police and Fire
Overtime
0 Public Works - $93,500
- Salt and Snow & Ice
Overtime
0 General Gov't - ($75,000)
- Contingency
0 Business Type - $250,000
- Elevator Repairs
0 Transfers Out- $602,000
- Landfill Assurance
Transfer
CONCLUSION:
• Overall total impact to Fund Balance is a decrease of $31,50,
• Third and final budget amendment for fiscal year 2019