The URL can be used to link to this page

Home My WebLink About2022-09-20 Public hearingNOTICE OF PUBLIC HEARING -AMENDMENT OF CURRENT BUDGET City of IOWA CITY Fiscal Year July 1, 2022 - June 30, 2023 The City of IOWA CITY will conduct a public hearing for the purpose of amending the current budget for fiscal year ending June 30. 2023 Meeting Date/Time: 9/20/2022 06:00 PM Contact: Kellie Fruehling Phone: (319) 356-5041 Meeting Location: Emma Harvat Hall, 410 E. Washington St. Iowa City There will be no increase in taxes Any residents or taxpayers will be heard for or against the proposed amendment at the time and place specified above A detailed statement of: additional receipts, cash balances on hand at the close of the preceding fiscal year, and proposed disbursements, both past and anticipated, will be available at the hearing. REVENUES & OTHER FINANCING SOURCES Total Budget as Certified or Last Amended Current Amendment Total Budget After Current Amendment Taxes Levied on Property 1 66.474,472 0 66,474,472 Less: Uncollected Delinquent Taxes - Levy Year 2 0 0 0 Net Current Property Tax 3 66,474,472 0 66,474,472 Delinquent Property Tax Revenue 4 0 0 0 TIF Revenues 5 4.113,733 0 4,113,733 Other City Taxes 6 2,879,845 0 2,879,845 Licenses & Permits 7 2,010,130 0 2,010,130 Use of Money & Property 8 2,598,596 0 2,598,596 Intergovernmental 9 32,540,646 11,730,144 44,270,790 Charges for Service 10 50.693.274 0 50.693,274 Special Assessments 11 1,000 0 1,000 Miscellaneous 12 3,434,391 241.632 3,676,023 Other Financing Sources 13 28,084,168 447,000 28,531,168 Transfers In 14 48,821.852 78,448 48.900,300 Total Revenues & Other Sources 15 241,652,107 12,497,224 254,149,331 EXPENDITURES & OTHER FINANCING USES Public Safety 16 29,232,715 337.672 29,57 0,387 Public Works 17 12,026,575 284,500 12,311,075 Health and Social Services 18 680,058 0 680,058 Culture and Recreation 19 16,828,327 183,964 17,012,291 Community and Economic Development 20 9,454,723 21.858,070 31,312,793 General Government 21 12,142,950 1,326,356 13,469,306 Debt Service 22 12.952.813 0 -12.952,813 Capital Proiects 23 19.765.470 36,709,478 56.474,948 Total Government Activities Expenditures 24 113,083,631 60,700,040 173,783,671 Business Type/Enterprise 25 81,515,864 17,246,030 98,761,894 Total Gov Activities & Business Expenditures 26 194,599,495 77,946,070 272,545,565 Transfers Out 27 48,821.852 78,448 48.900,300 Total Expenditures/Transfers Out 28 243,421,347 78,024,518 321,445,865 Excess Revenues & Other Sources Over (Under) Expenditures/Transfers Out 29 -1,769,240 -65,527,294 -67,296,534 Beginning Fund Balance July 1, 2022 30 158,528,050 0 158,528,050 Ending Fund Balance June 30. 2023 31 156,758,810 -65,527,294 91,231,516 Explanation of Changes: FY22 Capital Project expenditures carried forward include $1,588,000 for the North Westminster Sto m Sewer Improvements, $3,438,000 for Senior Center Improvements, $4,502,000 for pavement rehab, $2,173,000 for American Legion Road, $1,028.000 for Melrose Ave Improvements, $3,291,000 for Benton St Rehab, $6,111,000 for Rochester Ave Reconstruction, $1,247,000 for Dodge St Reconstruction. 31,235,000 for Fairchild St Reconstruction and Enterprise Fund Projects: $1,000,000 Automated Parking Equipment, $1,740,000 annual sewar rnain projects. FY22 expenditures carried forward include $995,000 for Black Lives Matter funding, $3,333,000 for CDBG/HOME and $17,177,000 for ARPA. Additional detail is available in the City Clerk's Office. FILED SEP 02 2022 City Clerk Iowa City, Iowa 08/26/2022 01:09 PM Pace 1 of 1 Item: 10. STAFF PRESENTATION TO FOLLOW: 1 r i cm; tia tui , + mom Iii II CITY OF IOWA CITY 410 East Washington Street Iowa City, Iowa 52240-1826 (319) 356-5000 (3I9) 356-5009 FAX www.icgoV.org Nicole Davies, Finance Director Budget Process Overview ■ FY2023 Original Budget was approved March 22, 2022. Runs July 1, 2022 to June 30, 2023. ■ City policy allows for amendments in the following situations: - Emergent situations - Transfer from contingencies - Expenditures with offsetting revenues or fund balance - Carry-over of prior year budget authority ■ Can amend anytime other than the last 30 days of the fiscal year. ■ Iowa City averages three amendments per fiscal year, typically in early fall, spring of the followingyear and early summer of the followingyear. ■ The next planned amendment coincides with the FY2024 Budget Process to be approved March 2023. First Budget Amendment of FY2023 • Carry -forward requests from FY2022 Budget - Submitted by Departments and reviewed by City Manager's Office and Finance Department - Budget policy that carry -forwards must be $5,000 or 1% of division budget - Capital Improvement Project budget carry -forwards - CIP usually align more with calendar year vs fiscal year and multiyear projects • Other small amendment items REVENUES & OTHER FINANCING SOURCES Total Budget as Certified or Last Amended Current Amendment Total Budget After Current Amendment Taxes Levied on Property 1 66,474,472 0 66.474.472 Less: Uncollected Delinquent Taxes - Levy Year 2 0 0 0 Net Current Property Tax 3 66,474,472 0 66,474,472 Delinquent Property Tax Revenue 4 0 0 0 TIF Revenues 5 4,113,733 0 4,113,733 Other City Taxes 6 2,879,845 0 2,879,845 Licenses & Permits 7 2,010,130 0 2,010,130 Use of Money & Property 8 2,598,596 0 2,598,596 Intergovernmental 9 32,540,646 11,730,144 44,270,790 Charges for Service 10 50,693,274 0 50,693,274 Special Assessments 11 1,000 0 1,000 Miscellaneous 12 3,434,391 241,632 3,676,023 Other Financing Sources 13 28,084,168 447,000 28,531,168 Transfers In 14 48,821,852 78,448 48,900,300 Revenues • Intergovernmental Revenues - $11,730,144 - State and Federal Grants on CIP carry- forwards • Other Financing Sources - $447,000 - Sale of University and South District homes • Miscellaneous- $241,632 - Contributions for CIP Expenditures • Governmental Capital Projects - $36.709.478 - Major C1P.: Melrose Ave Improvements. Benton St Rehab. Sr Ctr Bldg Improvements • Business Type/ Enterprises - $17. 246.030 - Major C1P.: Automated Parking Equipment. Annual Sewer Projects • Community and Economic Development- $21,858.070 - Carry -forwards for CDBG/HOME and ARPA funds Total Budget as Certified or Last Amended . Current Amendment Total Budget After Current Amendment EXPENDITURES & OTHER FINANCING USES Public Safety Public Works 16 17 29,232,715 12,026,575 337,672 284,500 29,570,387 12,311,075 Health and Soda! Services 18 680,058 0 680,058 Culture and Recreation 19 16,828.327 183.964 17.012.291 Community and Economic Development 20 9,454,723 21,858,070 31,312,793 General Government 21 12,142,950 1,326,356 13,469,306 Debt Service 22 12,952,813 0 12,952,813 Capital Projects 23 19,765,470 36,709,478 56,474,948 Total Government Activities Expenditures 24 113,083,631 60,700,040 173,783,671 Business Type/Enterprise 25 81,515,864 17,246,030 98,761,894 Total Gov Activities & Business Expenditures 26 194,599,495 77,946,070 272,545,565 Transfers Out 27 48,821,852 78,448 48,900,300 Total Expenditureslrransfers Out 28 243,421,347 78,024,518 321,445,865 Expenditures • Governmental Capital Projects - $36.709.478 - Major C1P.: Melrose Ave Improvements. Benton St Rehab. Sr Ctr Bldg Improvements • Business Type/ Enterprises - $17. 246.030 - Major C1P.: Automated Parking Equipment. Annual Sewer Projects • Community and Economic Development- $21,858.070 - Carry -forwards for CDBG/HOME and ARPA funds CONCLUSION: • First budget amendment for FY2023 • Overall total impact to Fund Balance is a decrease of $65,527,294 • Covered through excess fund balances and bonds and will not affect property tax levies QUESTIONS? STAFF PRESENTATION CONCLUDED 1 1 imospaqr CITY OF IOWA CITY 4 1 0 East Washington Strect Iowa City, Iowa 52240-1826 (319) 356-5000 (319) 356-5009 FAX www.icgov.org 11 SEP 0 5 Y022 City Clerk Iowa City, Iowa 0110 NOTICE OF PUBLIC HEARING NOTICE OF PUBLIC HEARING ON PROJECT MANUAL AND ESTIMATED COST FOR THE 2022 TRAFFIC RESTRIPING PROJECT IN THE CITY OF IOWA CITY, IOWA TO ALL TAXPAYERS OF THE CITY OF IOWA CITY, IOWA, AND TO OTHER INTERESTED PERSONS: Public notice is hereby given that the City Council of the City of Iowa City, Iowa, will conduct a public hearing on the Project Manual, including the plans, specifications, contract, and estimated cost for the construction of the 2022 Traffic Restriping in said city at 6:00 p.m. on the 20th day of September, 2022, said meeting to be held in the Emma J. Harvat Hall in the City Hall, 410 East Washington Street in said city, or if said meeting is cancelled, at the next meeting of the City Council thereafter as posted by the City Clerk. This project includes the following 5.5 foot bike lanes with a 2 foot buffer on Market Street and Jefferson Street, Keokuk street will include a 5.5 foot bike lane, and Southgate Avenue will have a 5.5 foot bike lane with a 1.5 foot buffer. and is located at various streets in Iowa City. Said Project Manual and estimated cost are now on file in the office of the City Clerk in the City Hall in Iowa City, Iowa, and may be inspected by any interested persons. Any interested persons may appear at said meeting of the City Council for the purpose of making objections to and comments concerning said Project Manual or the cost of making said improvement. This notice is given by order of the City Council of the City of Iowa City, Iowa and as provided by law. Kellie K. Fruehling, City Clerk 2022 Traffic Restriping Project 0110 — Page 1 of 1 Item: 11. STAFF PRESENTATION TO FOLLOW: 1 r i cm; tia tui , + mom Iii II CITY OF IOWA CITY 410 East Washington Street Iowa City, Iowa 52240-1826 (319) 356-5000 (3I9) 356-5009 FAX www.icgoV.org 2022 Traffic Restriping Project Public Hearing — 20 September 2022 .=--_.®a4, ittiimiii Aim, ..74-iirmigudrix 11 CITY OF IOWA CITY UNESCO CITY OF LITERATURE 2022 Traffic Restriping � r CITY OF IOWA CITY UNESCO CITY OF LITERATURE • Market Street Jefferson Street • Madison Street to Rochester Ave • Buffered Bike Lane • Jefferson Street • Clinton Street to Evens Street • Buffered Bike Lane • Keokuk Street • Sandusky Drive to Highway 6 • Bike Lane • South Gate Ave • 5 Gilbert Street to Keokuk Street • Buffered Bike Lane • 414, c 3 411 Tv HIGHWAY b nom. �A.. BUR r-•�■.r.� P -e. itv :::'w sillr L' a 0 tl� �*r 1 �1- MARKET ST `Q /7 -JEFFERSON ■t` WWI r • L E LINGTON $ "'�1 iii t?,�n^�� 7, u KEOKUK ST 11��■ SOUTHGATE AVE _ "- kili 4,*111 -1 1 -462 ST 2022 Traffic Restriping � r CITY OF IOWA CITY UNESCO CITY OF LITERATURE • Engineer's Estimate - $90,000.00 • Bid Letting — October 11, 2022 • Award Date - October 18, 2022 • Start Date — October 31, 2022 • Completion — Spring 2023 • 414, ,rte. rr tl L *r� MARKET 11ST � g f JEFFERSON ST ��` hicMwar 4,4 b .` A' �%-� �� BURLINGTON $ "'\_11C1 tT n^�� NA I �w.pir�Ia�ulUiir:�l�li 11.. �P' 14,114 NTA KEOKUK ST �� win ,p -11141 Air SOUTHGATE AVE •;;��-�►��, Hey . amL-1umal I FL • uam � STAFF PRESENTATION CONCLUDED 1 1 imospaqr CITY OF IOWA CITY 4 1 0 East Washington Strect Iowa City, Iowa 52240-1826 (319) 356-5000 (319) 356-5009 FAX www.icgov.org