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