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Home My WebLink AboutRESOLUTION NO. 2023-93R�SOLUTION NO. 2023-93 RESOLUTION APPROVING THE CITY'S PROPOSED AMENDMENT #1 TO THE FISCAL YEAR 2023-2024 BUDGET WHEREAS, the City Council of Fairfax, Iowa has prepared Budget Amendment #1 to the Annual Budget for Fiscal Year 2023-2024; and WHEREAS, the City did hold a public hearing regarding this proposed Budget Amendment on September 12, 2023, at 6:00 PM at the Fairfax City Hall, at 300 80°i Street Coui-t, 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_ annroval of Bud�et Amendment #1 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 Clerlc/Treasurer are hereby authorized and directed to execute said resolution. Passed and approved this 12t�' day of Septetnber, 2023. AYES: Nurre, Daly, Pacha, Volk, and Wainwright NAYS: None �.--'/v ��'��,i^' �`� Jo Ann Beer, Mayor ATTEST: i -�._.. nthia K. S iinson, City Clerk/Treasurer . {, .,. i'k g� ��: ;� '� � � { i� ,, - - - - _ __. _ _ -- - - - __- -- --- - NO"tICE OF PUF3L.IC HEARING - AMENDMENT OF CURREPJT BUDGET City of FAIRFAX Fiscal Year July 1; 2023 - June 30, 2024 The City of FAIRFAX will conduct a public hearing for tiie purpose of amendinq the current budqet for fiscal year endin June 30; 20`L4 Meeting Da4e/Time: 91 i 2/2023 OG:00 PM ConYact: Cynthia Stimson Phone: (319) 84G2204 ext: 0 Meeting Location: Fairfax City Hall. 300 QOtli St Ct, Fairfax. IA 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. E3udget amendments are subject to protest. If protest petition requii'ements are met, the State Appeal Board will hold a local hearin . For more information, consuit htt�s://dom.iowa. ov/local- ov-a eals. Total Budget Current Total Budyet After REVENUES & OTHER FINANCING SOURCES as Certified Amendment Current Amendmeni or Last Amended Taxes Levied on Pro ert 1 1,023,688 0 1,0?_3,688 Less: Uncollected Delin uent Taxes - Lev Year 2 0 0 0 Net Current Pro ert Tax 3 1,023,688 0 1,023,688 Delin uent Pro ert Tax Revenue 4 0 0 0 TIF Revenues 5 1,600,000 0 1,600,000 Other Cit Taxes 6 461,536 0 461,536 Licenses & Permits 7 85,975 0 85,975 Use of Mone & Pro ert 8 48,800 108,840 157,640 Inter overnmental 9 959,433 240,500 1,199,933 Char es for Service 10 1,906,435 103;750 2,010;185 S ecial Assessments 11 0 0 0 Miscellaneous 12 206,700 127,350 334.050 Other Financin Sources 13 792,962 0 792,962 Transfers In 14 2,146,844 175;977 2,322.821 Total Revenues & Other Sources 15 9,232,373 756,417 9,988,790 EXPENDITURES & OTHER FINANCING USES Public Safet 16 463,990 43,800 507,790 Public Works 17 1,060,160 320,500 1,380,660 Health and Social Services 1B 0 0 o Culture and Recreation 19 1,175,707 438,340 1,614,047 Communit and Economic Develo ment 20 46,000 28,000 74,000 General Government 21 405,025 45,835 450,860 Debt Service 22 2,175,870 29,351 2,205:221 Ca ital Pro ects 23 2,714,900 825,100 3,540,000 Total Government Activities Expenditures 24 8,041,652 1,730,926 9,772,578 Business T e/Enter rise 25 2,782,172 328,648 3,110,820 Total Gov Activities & Business Ex enditures 26 10,823,824 2,059,574 12,883.398 Transfers Out 27 2,146,844 175,977 2.322,821 Total Expenditures/Transfers Out 28 12,970,668 2,235,551 15,206;219 Excess Revenues & Other Sources Over 29 -3,738,295 -1,479,134 -5,217,429 Under Ex enditures/Transfers Out Be innin Fund Balance Jul 1, 2023 30 5,668,839 1,525,773 7,194,612 Endin Fund Balance June 30, 2024 31 1,930,544 46,639 1,977,183 Explanation of Changes: The increases in revenues are from interest on investments, grants, participation fees, and transfers in. The increases in ex enses are from insurance costs, ro'ect com letion timin , o eratin costs, debt a ments, and transfers out. 08/22/2023 08:36 Af�4 Paae 1 of 1 CITY BUDGET AMENDMENT AND CFRTIFICATION RESOLUTION - FY 2024 - AMENDMENT # 1 To the Auditor of LINN County, lowa: l he City Council of FAIRFAX in said County/Counties met on 09/12/2023 OG:00 PM, at ihe piace and hour set in the notice, a copy o( which accornpznies this certi(icate and is certified �s lo publication. Upon taking up the propose� amendment; it was considered and taxpayers w�re hearo for and against the amendment. The Council, �fter hearing all taxpayers wishing to be heard and considering the statemenis made by them, gave finai consideration to the proposed amendment(s) to the budget and modifications proposed at the hearing, if any. Thereupon, the following resolution was introduced. RESOLUTION No. 2023-93 A RESOLUTION AMENDING THE CURRENT BUDGET FOR FISCAL YEAR ENDING JUNE 2024 (AS LAST CERTIFIED OR AMENDED ON 04/11/2023) Be it Resolved by the Council of City of FAIRFAX Section 1. Following notice published/posted 08/29/2023 and the public hearing held 09/12l2023 06:00 PM the c�rrent budget (as previou>ly amend�d) is arnended as set out herein and in the detail by fund type and activity that supports this resolution which was considered at the hearing: Total Budget Current 7otal Bud�et After REVENUES & OTHER FINANCING SOURCES as Certified Amendment Current Amendment or Last Amended Taxes Levied on Pro erty 1 1,023,688 0 1,023;6F38 Less: Uncollected Delin uent Taxes - Lev Year 2 0 0 0 Net Current Pro ert Tax 3 1,023,688 0 1,023,688 Delin uent Pro ert Tax Revenue 4 0 0 0 TIF Revenues 5 1,600,000 0 1,600,000 Other City Taxes 6 461,536 0 461,536 �icenses & Permits 7 85,975 0 85,975 Use of Mone & Pro�ert 8 48,800 108,840 157,640 Inter overnmental 9 959,433 ?_40,500 1,199,933 Charges for Service 10 1,906,435 103,750 2,010,185 S ecial Assessments 11 0 0 0 Miscellaneous 12 206,700 127;350 334,050 Other Financin Sources 13 792,962 0 792,9G2 Transfers In 14 2,146,844 175;977 2,322,821 7ofial Revenues & Other Sources 15 9,232,373 756,417 9.988,790 EXPENDI7URES & OTHER FINANGING USES Public Safet 16 463,990 43,800 507,790 Public Works 17 1,060,160 320,500 1,380,660 Health and Social Services 1£3 0 0 0 Cufture and Recreation 19 1,175,707 438,340 1.614,047 Communit and Economic Develo ment 20 46,000 ?_8;000 74,000 General Government 21 405,025 45,£335 450,860 Debt Service 22 2,175,870 29,351 2.205,221 Ca ital Projects 23 2,714,900 825,100 3;540,000 Total Government Activities Ex enditures 24 8,041,652 1,730,926 9,772.578 Business T e/Enter rise 25 2,782,172 328,64£3 3.110,820 Total Gov Activities & Business Expenditures 26 10,823,824 2,059,574 12,883,398 Transfers Out 27 2,146,844 175,977 2.322,821 Total Ex enditures/Transfers Out 28 12,970,668 2,235,551 15,?_06,219 Excess Revenues & Other Sources Over 29 -3,738,295 -1;479,134 -5,217,429 Under Expenditures/Transfers Out Be inninc Fund Balance Jul 1, 2023 30 5,668,839 1,525,773 7.194,612 Endin Fund Balance June 30, 2024 31 1,930,544 46,u39 1.977,183 Explanation of Changes: The increases in revenues are from interest on investments, grants, paiticipation fees, and transfers in. The increases in ex enses are from insurance costs, ro ect com letion timin , o eratin costs, debt a mcnts. and transfers out. 09/12/2023 C�'%C.�!X � �/�Q-�� /c�� Clerk/Administrator Signature of Certification Adopted On Mayor Signature of Certification 09/13/2023 11:53 AM Paae 1 of 1 e a e�te 3 tf �egazette.com fUl�"�i�lllii��i lil iii� �i0f�i i'i��iil� m iilf iili nui iiiii miii i liui iiii iiiiiiioiai i�li iiii �Ilii m� ii��i Imu iiiiii On Behalf of: Ad No 45697 CITY OF FAIRFAX PO BOX 337 FAIRFAX, IA52228 UNITED STATES STATE OF IOWA COUNTIES OF LINN AND JOHNSON: Before the undersigned authority personally appeared said legal clerk, who on oath says that he or she is a Legal Advertising Representative of the THE GAZETTE, a daily newspaper published in Linn and Johnson County, lowa that the digital copy of advertisement, being a Legal Ad in the matter of Legals - FY22 Budget Amendment #1 Hearing Notice as published in The Gazette in the issue(s) of: 08129/2023 Affiant further says that the said THE GAZETTE is a newspaper in said Linn and Johnson County, lowa and that the said newspaper has heretofore been continuously published in said Linn and Johnson County, lowa each day and has been entered as periodicals matter at the post offce in CEDAR RAPIDS in said �inn County, lowa, for a period of one year next preceding the first publication of the digital copy of advertisement; and affiant further says that he or she has never paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper. Sworn to and Subscribed before me by legal clerk who is personally known to me ,�'�-"e_.x.+�....-� }� <. - 4 � , /i � �f.}-k-�v�..-�..,_t- a�,t,,tr... �.a.3"�✓.J��\7�.,i ��' ��^.. ,... � U. ' ��,�.�h�s JOANN LYNETTE DODSON b � Commission Number 846181 X�pw* My Commission Expires February 21, 2026 Publication Cost: $217.22 Customer No: 103163