HomeMy WebLinkAboutRESOLUTION NO. 2024-34RESOLUTION NO. 2024-34
RESOLUTION APPROVING THE CITY'S PROPOSED
AMENDMENT #2 TO THE FISCAL YEAR 2023-2024 BUDGET
WHEREAS, the City Council of Fairfax, Iowa has prepared Budget Amendment
#2 to the Annual Budget for Fiscal Year 2023-2024; and
WHEREAS, the City did hold a public hearing regarding this proposed Budget
Amendment on May 14, 2024, at 6:00 PM at the Fairfax City Hall, at 300 80th Street Court,
Fairfax, Iowa. This meeting was held with a conference call option.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Fairfax, Iowa, approval of Budget Amendment #2 for Fiscal Year 2023-2024.
BE IT FURTHER RESOLVED, by the Fairfax City Council of the City of
Fairfax, Iowa, that the Mayor and City Clerk/Treasurer are hereby authorized and directed
to execute said resolution.
Passed and approved this 14th day of May, 2024.
AYES: Nurre, Daly, Wozniak, Volk, and Wainwright
NAYS: None
� ��� �
Jo Ann Beer, Mayor
ATTEST:
i
�
C nthia K. Stimson, City Clerk/Treasurer
CIiY �l1DG�i ,4AAEN�MEhIi dmfV[� CERT6FIC,45'ION �E�OLUiIOhI - FY 2024 m,0.ME�D�AEN'i # 2
To the Auditor of LINN County, lowa:
The City Council of FAIRFAX in said County/Counties met on 05/14/2024 06:00 PM, at the place and hour set in the notice, a copy of which accompanies this
certificate and is certified as to publication. Upon taking up the proposed amendment, it was considered and taxpayers were heard for and against the
amendment.
The Councii, after hearing ail taxpayers wishing to be heard and considering tne statements made by them, gave final consideration 4o the proposed
amendment(s) to the budget and modifications proposed at the hearing, if any. Thereupon, the following resolution was introduced.
R�SOLUiION fVo. 2024�34
A i2�SOLlJYION �4nhENDIidG THE ClJRftENT �IJbGE7 F'OS2 FISC,4L YEAR EN�IfVG JUtd� 2024
(A� LA��i CERYIFI�D Oft AMENDED ON 091�2/2023)
�e it Resolv�d by 4he Council of Ci4y of FAIR�AX
Section 1. Following notice published/posted 04/30/2024 and fhe public hearing held 05/14l2024 06:00 PM the curren4 budget (as previously amended) is
amended as set ouf herein and in Yhe detail by fund type and activity Yhat supports this resolution which was considered at the hearing:
Total �udget Current iotal �udget After
R�VERfl1ES � 07FiER FIN�,NCING SOl1RCES as Ce�ifi�ed p,rvrendment Curren4 Amendrreent
or La�t Amended
Taxes Levied on Pro ert 1 1,023,688 0 1,023,68E
Less: Uncollected Delinquen4 Taxes - Levy Year 2 _._ 0 0 C
Vet Current Property Tax
7elinquent Property Tax fdevenue
T'!F Revenues
�ther City iaxes
_icenses & Permits
Jse of Money & Property
Interqovernmen4al
�harqes for Service
5peciai Assessments
i�iscellaneous
Other Financing Sources
Transfers In
Tatal Revenue� � 04her Source�
EXPEP1D171163ES � Oi6i�f3 FIN�4iJCING U��u
Public Safetv
Public Works
Heal4h and Social Services
Cuiture and Recreation
Communi4y and Economic Development
Generai Government
Debt Service
Total Government Activities Ex enditures 24
Business T e/Enter rise 25
l'otal Gov Activitae� S� �u�irses� Ex enditures 26
Transfers Out 27
Toial Ex eradi4ures/Traessfers Out 28
�xcess �evenues � Other Saaarces Over 29
Urrder Ex enditures/"irarssfers Out
Be innin Fund Balance Jul 1, 2023 30
Endin Fund Balance June 30, 2024 31
Explanation of Changes: Changes in revenues are based on actual
stonnad. The increases in exnenditures are due 4o pavroll. insurance
ler6c/,4dmini§tratcsr �ignature of
05/15/2024 08:07 AM
0
1,199,933
2,010,185
507,790
1,380,660
0
1,614,047
74,000
-40,000
0
-370,749
-63,600
0
-19,500
-597,962
205,809
-861.002
0
-337,149
�
0
1,023,688
0
1,600,000
486,536
45,975
157,640
829,184
1,946,585
0
314,550
195.000
9.127.788
955,730
0
1,276,898
77,300
463.310
3,540,000 -2,460,000 1, 080,000
9,772,578 -3,230,129 6, 542,449
3,110,820 -359,584 2,751,236
12,883,398 -3,589,713 9,293,685
2,322,821 205,809 2,528,630
15,206,219 -3,383,904 11,822,315
-5,217,429 2,522,902 -2,694,527
7,194,612 0 7,194,612
1,977,183 2,522,902 4, 500,085
>ipts. The decrease in expenditures are due to projects being moved to FY25 or
d the cost of supplies and services.
05/14/2024 �`�� �����,, ��r�,
_,� �
,4dopfed On
�layor Signa4ure of Certificatian
� Pap'e 1 of 1