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Home My WebLink About2019-05-21 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