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HomeMy WebLinkAbout2020-05-19 Public hearingJ-19 NOTICE OF PUBLIC HEARING ro,m 653 C1 AMENDMENT OF FY2019-2020 CITY BUDGET F I LF. L) The City Council of Iowa City in JOHNSON County, Iowa APR 30 2020 will meet at 410 E Washington St, City Hall at 7:00 pm on 5119/2020 City Clerk M« m.rn ,for the purpose of amending the current budget of the city for the fiscal year ending June 30, 2020 Iowa City, Iowa n. by changing estimates of revenue and expenditure appropriations in the following functions for the reasons given. Additional detail is available at the city clerk's office showing revenues and expenditures by fund type and by activity. Explanation of increases or decreases in revenue estimates, appropriations, or available cash: Amendments include revenue for Federal grants related to the COVID-19 pandemic, changes to Hotel/Motel tax, and transfers for debt service payments. Amendments also include new expenditures related to the COVID-19 pandemic, an early call for the Parking lease -purchase agreement, an UniverCity acquisition, and a landfill scale replacement. 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 City Clerk/ 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 60,296,653 60,296,653 Less: uncollected Property Taxes -Levy Year 2 0 0 Net Current Property Tues 3 60,296,653 0 60,296,653 Delinquent Property Taxes 4 0 0 TIF Revenues 5 3,450,835 3,450,835 Other City Taxes 6 2,759,321 292,897 3,052,218 Licenses & Permits 7 2073060 2,073,060 Ties of Money and Property 8 3,504,655 3504655 Inte ri ovemental 8 46,626,936 482,964 47,109,900 Charges for Services 10 46,634,658 46,634,658 Special Assessments 11 810 810 Miscellaneous 12 2,815,284 11,000 2,826,284 Other Financing Sources 13 14,148.672 150,000 14 298,672 Transfers In 14 65,151,039 5,432,601 70,583,640 Taal Revenues and Other Sources 15 247,461 923 6,369,462 253,831,385 Expenditures & Other Financing Uses Public Safety 16 26,751,348 88,562 26,839,910 Public works 17 10,714,557 75,000 10 789,557 Health and Social Services 18 531 500 531,500 Culture and Recreation 19 16,088,200 15,412 16,103,612 Community and Economic Development 20 12,047,162 756,946 12,804,108 General Government 21 10,596 325 10,596,325 Debt Service 22 13,048,333 13,048,333 Capital Projects 23 64.420.852 64,420,852 Total Government Activities Expenditures 24 154198,277 935,920 155,134,197 Business T / Enterprises 25 73,613,844 6 981,325 80,595,169 Tow Gov Activities & Business Expenditures 26 227,812 121 7,917 245 235,729,366 Transfers Out 27 65,151,039 5,432,601 70,583,640 Total Expenditurealfransfers Out 28 292,963,160 13,349,846 306,313,006 Excess Revenues & Other Sources Over under Expencilturesnransfors Out Fiscal Year 29 -45,501,237 -6,980,384 -52,481,621 Beginning Fund Balance July 1 301 182,770,051 182,770,051 Ending Fund Balance June 30 31 137,268,8141 -6.980,3841 130 288,430 Explanation of increases or decreases in revenue estimates, appropriations, or available cash: Amendments include revenue for Federal grants related to the COVID-19 pandemic, changes to Hotel/Motel tax, and transfers for debt service payments. Amendments also include new expenditures related to the COVID-19 pandemic, an early call for the Parking lease -purchase agreement, an UniverCity acquisition, and a landfill scale replacement. 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 City Clerk/ Finance Officer Name