HomeMy WebLinkAbout1987-05-12 Public hearing.CVPfOUPf[Pfw1.Yv[w( l0.P
NOTICE OF PUBLIC HEARING
AMENDMENT OF CURRENT CITY BUDGET
The Council of the City of _Iowa qty in _ John•
wPrnegorfwrywfevern COuely.
Iowa. will meal at 410 E gshl ata i 1Center
�p...w...wgr at M.
on May 12 a.et . 19 87 . for the purpose of amending the current
budget of the city for the fiscal year ending June 30, 1917. by changing estimates of revenue
and expenditure appropriations in the following funds and programs and for ins reasonsgiven.
Additional detail is available at the city clerk's office showing revenues and expenditures by fund
and by activity,
c...Pnanano or increases or decreases ie ro,onue ,iL2.3. epproprtalions, or available cash
In governmental or proprietary funds: To bermlt h xoe dit r s f _ s
_{pd ted. pn n nmb rad rxh hal nLes and unantirinaj d . rP1 t el
to amendgpe diti�f t' hpnd issues that .rernnrr nl..nnnd fn. r
h original h_�n_e.t:cemr—guenue3ondiandygtec p=ved-GeneraI
There will be no Increase In tax levies to be paid In the current fiscal year named above. Any In•
crease In expenditures set out above WIII be met From the Increased non•propeny In revenues
and cash balance& not budgeted or considered in this current budget. This will provide For a
balanced budget.
I51 _%%aurtwJ +�
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In I Chi Mo Publish 911 the shove except II Thera Is no change to one of the above land., omh
that seglan. Publish once. Designed For 6 -Inch spread If published In a newspaper.
Certification o1 Puhlicelbn: I hereby Carly that the above notice was published (posted in three
Public places as established by ordlnancegin the lnwn City Press Citi - en
IPf*f aiw..wPf1
on Aitv 7th , 19.87
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To IMAV,Nwof J-hnson .._.. ••"`r�YIrON
the Co un til of ma On, al_ CDunV'goal aMtotM$I—
allMalufNOMYrgelmtMMNCa.aea,, -ng, D0111911N1ar:
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4ESOlVT10N No 87-98
A RESOLUTION AMENDING
AS AMENDEDDLAST ON THE CURRENT BUDGET FOR THE FISCAL YEAR ENDING JUNE 30, IS L
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0- NAY 2
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III AT. the current Wapa1 laf DMrlauel
guaWnf this re301u110n nap
vnen nla connanea ata mat heannp
as fel WI Mum aM on the oalatl aT fund and acNr'IY gut
Reagan: To erre h +
and urgent c pate rete ts. r so T unanticiDa
that N r rg' I 4 p to Arend expend tures
Vater approved &neral Delegation Bonds��u—i c or tiro Gond sa�uesss
_ — ° ---L pnnGiane
DR00RAMIDTALSwDRcignr Hu'na' NDmea commune r,no
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rEnmOnmmt r Aam�in nmmn
aoa' is / 11 '1 669 27z
To 1e 7 96 3 3 957 3 155 DOB
M8V 16 129 341 3 145 315
a 87 f
Alun .
Yale roe or •Rmn
a+. Baker Courtne Dickson
_ Zuber,
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Absent: p� �c t=t=
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May 12 1a 87 M.nme ccnm�-va�+l �ua�l�M nwu�tm.o�� mme+mn mmr,
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City of Iowa City
MEMORANDUM
Date; May 1, 1987
To: City Council and General Public
From: Rosemary Vitosh, Director of Finance ztvrl ,.I`
Re: 1187 Budget Amendments
The notice of public hearing on the amendments will be
Cit Press -Citizen on May 7, the with a
ouncil meeting at 7:30 Published in the Iowa
Willfo7lowethe ublic hear in public hearing set for May—f2--
'c
Council at theirpinformal meeting on heMaamendm amendments iwillpbevreval iewedeby theCity
The attached charts provide information yonithe987.
FY87 budget
meets are submitted b
review and approval by the a Financed Director and theivi s Ions to Finance
FCity Manager. rtment amendments A end -
for
year, in May, budget amendments are submitted Once a
to the Cit council and approval. State law provides that budgets must be amended
year in order to provide the proper
o
r review
to year
end on June 30, r May 31 each
oper time for budget a
The
departmginslabre udgets are prepared based upon conservative projections. The
not allowed to budget for emergency or unexpected costs.
Therefore,
fiscal year it is typical to see approximately 200 amendments done in each
Funding for the amendments comes from:
1, unexpected enues in thror fiscl year
2. unanticipated vrevenues inetheicurrentafiscal,
3. another line -item within the department, year,
4. the contingency amount,
5, or the existing fund balance.
The first two charts show,
original budget figures.
by fund, the final amended budget figures, and the
The next charts show total amendments by budget unit by amendment t
receipts and expenditures.
ype for
Following that are lists which provide detailed information on each individ-
ual amendment for all carryover and regular amendments (receipt carryovers,
regular receipt amendments, expenditure carryovers, re ular
amendments),
9 expenditure
4 1ps
_I
Carryovers are items that were budgeted for in FY86 but not purchased until
Rem p
FY87. v Th funding of l carryover
amendments are ructions
in orbalances additions/to
receipts and expenditures that were not anticipated when the FY87 budget was
being prepared.
This year a budgeted expenditure contingency indicatamount has been added to the
budget for the General FbuedreaThe c ed ontingenun
fund balance which may for budgeted eexpendis that tures�nThe reof -
mainder of the fund balance is called the pure fund balance and it is no
available for fund pbadlancee willpfacilt in itatem monitorings of the Geners. The al Fund's
of a financial status.
$290,000. Salary and fringe benefit budgets were adjusted to 100% (no educed
The contingency was originally set at 2% of the total expenditure budge or
tion factor for turnover). That adjustment amounted to $90,845 and reduced
the contingency to $199,155. Total amendments the reade maining ch ebfund dleftin
the
contingency amounted to $191,243. Therefore,
the contingency is available to add to the pure fund balance.
ely from the
Under expenditures, salary budget revs ioearsarthe�turnovested raoftemployees has
general expenditure amendments. In P Y f t to reflect this
had the effect of actual expenditures being about 98% of the total reflect
cost projection. The original budget forFY87
was
of theef budget, in Decem-
98% of salary expenses. During the preparation
ofrthe total d1 12-monthdcostwas projectiion to The reflect
FY87 thesalariesibudgetsehave been
changed to the 100% figures. Actual salary and benefit costs have been
reviewed and general fund budgets were realigned as necessary. The salary
revisions in the attached chart show the realignment based upon the actual
salary and benefit costs that have occurred in FY87. The large reduction
which occurs in Engineering is due to the fact that a large portion of their
ending upon
salaries are charged to capital projects instead of to the General Fund. The
salary chargeback to the projects 0varies
ther from
ro year
e rare year,
erprimerily to the
which Projects are being
turnover in employees.
The line -item revisions indicate the reallothe
cation of budgeted monies between
microc
ter
sumwas
budget units.
originallyam le ofda under revision
n isCity Managerr'sutbudgetg for micro-
d pwhich
artmentsuwills
be allowed toepurchase fiscal ymicroseand,then theis mbudgetedas omonies
are reallocated to the applicable departments which will make the actual
purchases. is
Additional al have detailed
questions these
should
ailable at the Department of Finance
should yany
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F
PUBLIC NOTICE
Notice is hereby given that a Public Hearing
will be held by the City Council of the City of Iowa
City, Iowa, in the Council Chanbers at the Civic
Center at the regularly scheduled Council meeting at
7,30 P.M. on May 12, 1987, for the purpose of hear-
ing caments for or against the proposed budget for
the Capital Project Fund for the years endirg ne
Ju
30, 1987, and June 30, 1988. Information is avail-
able at the Public Library and at the City Clerk's
Office.
M4 M K. M, CITY CLEW
1
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NOTICE OF RJELIC FEARING
Notice is hereby given that the Iowa City City
Council will hold a public hearing on Tuesday, May
12, 1987, at 7:30 pm. in the Council Chartbes,
Civic Center, 410 E. Washington Street, Iona City,
love 52240, to receive citizen cannents on a Progran
Description for the proposed use of $93,000 in
Rental Rehabilitation Grant funds for 1987. Copies
of the Progran Description may be reviewed during
regular business hours in the office of the City
Clerk and at the Im City Public Library.
Persons interested in expressing their views
concerning the City's Progran Description my do so
at the above-mentioned time and place or oey address
their camnents to the City Council, Civic Center,
410 E. Washington Street, Ioa City, Iowa 52240.
WMAN K. KARR, CITY CLERK
i
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15
NOTICE OF PUELIC HEARING ON PI.IWS,
SPECIFICATIONS, FOR4 OF CONTRACT
AND ESTIMATED COST FOR
THE SOM WASTEWATER TREATKNT FACILITY
IN THE CITY OF IOWA CITY, IOWA
TO ALL TAXPAYERS OF THE CITY OF IOWA CITY, IOWA, AM
TO OTHER PERSONS INTERESTED:
Public notice is hereby given that the City
Council of the City of Iowa City, Iowa, will conduct
a public hearing on plans, specifications, form of
contract and estimated cost for the construction of
the South Wastewater Treatment Facility in said City
at 7:30 p.m. on the 12th day of May, 1987, said
meeting to be held in the Council Chambers in the
Civic Center in said city.
Said plans, specifications, form of contract and
estimated cost are now on file in the office of the
City Cleric in the Civic Center in Iowa City, Iowa,
and may be inspected by any persons interested.
Any persons interested may appear at said meeting
of the City Council for the purpose of malting
objections to said plans, specifications, contract
or the cost of making said inproverent.
This notice is given by order of the City Council
of the City of Iowa City, Iowa.
MARIAN KARR, CITY UW
7d/