The URL can be used to link to this page

Home My WebLink About1994-03-08 Public hearing " " , , -, , " .' '. . .' , , ' , : ., , . ,.. ~. r i JITcia - "r' 'I,n, M . " . " , , .. , " ...... ~ "- ,.. ,," - - ' , '., .- ' ' '\'.;'~, '~~~.' "~ !' " ~ NOTICE OF PUBLIC HEARING ~)L/ /(.tJ.: ,'1))% \ 'I' (" ~ BUDGET ESTIMATE \"Alt:%: f);~ Fiscal Year July 1, 1994 - June 30, 1995 f'\'~".:J- ;:t~ City of Iowa City, Iowa :",;;', ,.~;,~ l;.[~t' The City Council will conduct a public hearing on the proposed 1994-1995 Budget at the Civic Center in the Council r:';:"i~~ :?:i':r'" Chambers on March 8, 1994, at 7:30 p.m. The Budget Estimate Summary of proposed receipts and expenditures t:'.'."'.~1 l,~ii,'.~( is shown below. Copies of the detailed proposed 1994-1995 Budget may be obtained or viewed at the Civic Center y~::;.r ~t;.qr. Administrative and City Clerk offices and at the Iowa City Public Library. i.''J, ,'- -~ " r~~Ji \,..~J The estimated total tax levy rate per $1000 valuation on regular property is . . . . . . . . . . . . . . .. $12.95333 (,,;i l~~'- \:~} ,'1-.; The estimated tax levy rate per $1000 valuation on agricultural land is . . . . . . . . . . . , . . . . . . .. $ 3.00375 -,' F~ ." f ~ At the public hearing, any resident or taxpayer may present objections to, or arguments in favor of, any part of the ( proposed budget. , Property Tax Limits to be Exceeded , Senate File 2393, passed by the 1992 General Assembly, places certain limitations on property taxes for cities. i The limitations allow growth in property taxes for certain types of increases in valuation. An increase in taxes by , , the amount of the percent change in the price index for state and local government purchases requires the city budget to be published twice and the City Council to hold two public hearings. Senate File 2393 does not remove any of the rights of the taxpayer in regards to budget review or eppeal. Debt Service levies and Voted levies are exempted from the limitations. This is hearing 2 of 2, ~ I :jeI~ . ~ -1-~ ,1994 Isl ~~ City Clerk ~ BUDGET RE.ESTlMATEO ACTUAL t. FY 1994.95 FY 1993.94 FY 1992.93 ~ REVENUES & OTHER FINANCING SBURCES f .....-.... Taxes Levied Dn PrDperties 1 18,483,722 17,187,055 16,777,682 , ( Less: UncDllected PrDperty T axes.Levy Year 2 "\ " --,", 3 18,483,722 17,187,055 , . Net Current PrDperty Taxes 16,777,682 i l \ : Delinquent PrDperty Taxes 4 II ~\ TIF Revenues 5 I'.~''':' Other City Taxes 6 400,000 447,800 306,199 .. .. ! Licenses & Permits 7 514,005 392,230 473,948 i ; , I Use Df MDney & PrDperty 8 1,337,060 1,127,388 1,778,031 I"; IntergDvernmental 9 17,418,759 12,047,095 11,618,313 Charges fDr Services 10 21,740,421 18,718,896 17,809,396 Special Assessments 11 0 46,150 46,871 MiscellaneDus 12 2,114,610 2,079,662 2,767,895 ! Other Financing SDurces 13 42,770,887 24,571,892 26,528,852 I " :~.:~ TOTAL REVENUES & OTHER SOURCES 14 104,779,464 76,618,168 78,107,187 I i , EXPENDITURES & OTHER FINANCING USES I I CDmmunity PrDtectiDn IpDlice, fire, street lighting, etc,1 15 9,687,683 9,306,985 8,755,275 I i 0~" Human OevelDpment Ihealth, library, recreatiDn, etc.1 16 6,492,278 6,591,126 5,693,518 HDme & CDmmunity EnvirDnment (garbage, streets, utilities, elc,1 17 61,170,380 37,551,295 32,678,422 'I i PDlicy & AdministratiDn (maYDr, cDuncil, clerk, legel, etc.1 18 4,702,301 5,613,812 6,004,228 '91 ,':;Pv;r TOTAL EXPENDITURES 19 82,052,642 59,063,218 53,131,443 ,.(~ ""0,' . r,' fi" ..,~ Less: , l._--. Debt Service 20 9,774,957 7,710,537 8,934,037 Capital PrDjects 21 25,093,194 10,268,464 7,172,415 'i( Net Operating Expenditures 22 47,184.491 41,084,217 37,024,991 ~O ~ Transfers Out 23 20,091,370 25.593,838 19,661,408 ", , ..LIII .... - l>. . The estimated total tax levy rate per $1000 valuation on regular property is ................ $12.95333 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. Property Tax Limits to be Exceeded . Senate File 2393, passed by the 1992 General Assembly, places certain limitations on property taxes for cities. The limitations allow growth in property taxes for certain types of increases in valuation. An increase in taxes by the amount of the percent change in the price index for state and local government purchases requires the city budget to be published twice and the City Council to hold two public hearings. Senate File 2393 does not remove any of the rights of the taxpayer in regards to budget review or appeal. Debt Service Levies and Voted Levies are exempted from the limitations. This is hearing 2 of 2, :feI~ .1.. '? , 1994 /s/~~ ~~ City Clerk ( BUDGET RHSTlMA TED ACTUAL FY 1994.95 FY 1993.94 FY 1992.93 REVENUES & OTHER FINANCING SOURCES Taxes Levied on Properties 1 18,483,722 17,187,055 16,777,682 Less: Uncollected Propertv T axes.Levv Year 2 . Net Current Propertv Taxes 3 18,483,722 17,187,055 16,777,682 Delinquent Propertv Taxes 4 TIF Revenues 5 Other Citv Taxes 6 400,000 447,800 306,199 licenses & Permits 7 514,005 392,230 473,948 Use of Monev & Propertv 8 1,337,060 1,127,388 1,778,031 Intergovernmental 9 17,418,759 12,047,095 11,618,313 Charges for Services 10 21,740,421 18,718,896 17,809,396 Special Assessments 11 0 46,150 46,871 Miscellanoous 12 2,114,610 2,079,662 2,767,895 Other Financing Sources 13 42,770,887 24,571,892 26,528,852 TOTAL REVENUES & OTHER SOURCES 14 104,779,464 76,618,168 78,107,187 EXPENDITURES & OTHER FINANCING USES Communitv Protection Ipolice, fire, street lighting, elc,1 15 9,687,683 9,306,985 8,755,275 Human Development Ihealth, librarv, recreation, etc.1 16 6,492,278 6,591,126 5,693,518 Home & Communitv Environment (garbage, slleets, utilities, etc,1 17 61,170,380 37,551,295 32,678,422 PolicV & Administration Imavor, council, clerk, legal, etc.1 18 4,702,301 5,613,812 6,004,228 TOTAL EXPENOITURES 19 82,052,642 59,063,218 53,131,443 Less: Debt Service 20 9,774,957 7,710,537 8,934,037 Capital Projects 21 25,093,194 10,268,464 7.172,415 Net Oparating Expenditures 22 47,184,491 41,084,217 37,024,991 Transfers Out 23 20,091,370 25,593,838 19,661,408 TOTAL EXPENOITURES/TRANSFERS OUT 24 102,144,012 84,657,056 72,792,851 Excess of Revenue & Other Sourcas Over IUnderl Expondituros/Transfers Out 25 2,635,452 18,038,8881 5,314,336 BEGINNING FUND BALANCE JULY 1 26 29,702,110 37,740,998 32,426,662 ENDING FUND BALANCE JUNE 30 27 32,337,562 29,702,110 37.740,998 , ',c\ " \ ,~ : I I I I" I I i i I I U o '. 9:Vl , "1 'I' 'i If:,\'ll ~i ,4!,\~ .\;,iJi.., : < :t;.1}M , "":'.jl,. ! ~w'.-\ Reasons for the unusual and/or compelling need to request an increase in property taxes permitted by the amount of change in the price index: Continuation of SF2393 Property Tax restrictions in FY95, Need to minimize use of cash reserves. IInndm\bud005!,nph ~~~ I , I C. J' :1 , ~ o o , " , il;~&:' . I.M F':4i I"W' 1''':.':- ::u ". L"" ,f':'l Ii [} ( :1 rn ~ ~ ~J m II! " [. c D I ~. ' ' ~lJ . "_'.l" ", "'i' J!1lil\W,j,,' .,,-,' "k ~~ J ,~ \ \ .Jii ,'7 ! r I Ii I '~ i i I I' <l 'j ~ ~! .,' " ,~[- ~ . ': .; .... . . . .~) , , ""1\1' ,'t>." "\ '.-' '. '. '-':}'. .\ : .' . ~~.' , "", , ......-.' ..' ~.;", , , :'\ , ." "", , . '. .,' ..j '.,." :..', , . .':. .', "','.' :,; --":; " .._ _ .:. _ ...._.. -'--'_ _.~~'~ _-'___'.L._ . , . ',_...'. _...;~:":":~;",~;,:,..:.:"',-,.;.;.;"c:.;,,,;,,...... "~~'~-".;.l..c.:"'l'.~,,:,;~,,,'.:;;,,~~:.c.'~::;\;,::.l:' ..-.;;:,',;. ;':"'~;::...;~.-;:;~:',;-:..,;: ~'i... .' "".::' : ,;',:. ;~: ':1i,':..' \':.: ;, ... '~ii...t.~''''':. ".,,:'-.."'..---l-:.,A.''''';.....~....._._.,'~ .' March 9, 1994 -''1:&, CITY OF IOWA CITY Tom Slockett, Johnson County Auditor Johnson County Administration Bldg. 913 S. Dubuque street Iowa city, Iowa 52240 Dear Tom: Enclosed please find the following proceedings and materials for certification of the FY95 budget for Iowa city, Iowa, July 1, 1994 through June 30, 1995. 1. An original proof and copy of publication of Notice of Public Hearing #1 - Budget Estimate. 2. An original proof and copy of publication of Notice of Public Hearing #2 - Budget Estimate. 3. Resolution No. 94-69 Adopting the FY95 budget. 4. Two copies of the Adoption of Budget and Certification of taxes (Form 635.1) 5. Two copies of the Adopted Budget Summary (Form 635.2A). 6. Two copies of the Resources Detail (Form 631.B). 7. Two copies of the Requirements Schedules (Form 631.A pages 1 & 2). 8. Two copies of the Long-Term Debt Schedule (Form 703). 9. Proposed spring '94 Debt Schedule; Council resolution regarding this issue is scheduled for March 29, 1994 and will be filed in your office by March 30, 1994. 10. Two copies of the Senate File 2393 Property Tax Worksheets (Forms PTF 1.2 and 1.3). If you have any questions please contact Don Yucuis, Finance Director at 356-5052 or Deb Mansfield, Budget Analyst at 356-5051. Sincerely, 7?c~ city of Iowa city Marian K. Karr, CMC/AAE city Clerk Encl. FILED Johnson Co Iowa MAR 111994 /~-:;~ COUNTY AUDITOR -" lIlIO.II26' 11191 lll.lOOO' FAX 11191 IH.1009 ~"....~, , ,,), ,..~:;,;;:,:,''';'\'''~,?~t , '., ',0 ,""" ",.':,, ':';.',,>/:~',. .~',:,:<, .,';:' ,;?\:' , " ' bd. 410 EAST WASIIINOTON STREET' IOWA CITV, IOWA - ~ ' ,,,-- ;.'., . '".,1 ... ,.',' . -~ . '.' I i I I I j 0, .:' ! ..I.,'..'. ,,"'.,,: 'I r.. ' ~ ~.> ,lo.., ,..__',",' ":-'1 '-': ,,'-'-', "',::~:,::.,:;,,',: :',.~.' f!~~~~~:: ~ I .j.~,. . . ,"::, " '~ .,,' . 1, , , ;'"...'.:" ' ...'. ".. .. .~.~.__~.~~~~.,,:.~~i~~~~:~~~'~::,':'~~,~~:.,~~~~~~.;iSJ.'~\~I~,;<~u.i:,,:~,~h~.:L~~~____.,. . _~_____~__M"""_~____~M__.'_ ___ __~_ . ~ v,-~l ~ elK -O!f!1f FY94 FY95 ;; Home Valued At . $100,000 $100,000 Rollback 0.726985 0.680400 Taxable Value 72,699 68,040 City Levy 12.889 12.95333 General 8.10 8.03136 ',', Library .27 .27 Transit .95 .94195 Emp. Benefits 2.073 2.0490 " Debt 1.496 1.6610 Tax Payment $937.02 $881.34 " mgr\!J4.95cmp,chl '.. I l. '," ll' i,;: [, >~ \ ,I \ \ ~ I'D I , , 'j I:; ~ ,~ I .b W I! ' J , ., 6~~ " ".' "_..,""....".","./.. - 'T""',' ,'.'f.,"" ,J;:,:'i;;:\'\ ,"'" ',".'. "'''j S;, ' 00 . . I' "~" '" ,'''',. "t . ~ ) " ,.-."'. I, o I", " "