HomeMy WebLinkAboutRESOLUTION NO. 2022-31RESOLUTION NO. 2022-31
RESOLUTION APPROVING THE CITY'S PROPOSED
AMENDMENT #2 TO THE FISCAL YEAR 2021-2022 BUDGET
WHEREAS, the City Council of Fairfax, Iowa has prepared Budget Amendinent
#2 to the Annual Budget foi• Fiscal Year 2021-2022; and
WHEREAS, the City did hold a public hearing regarding this proposed Budget
Amendinent on April 12, 2022, at 6:00 PM at the Fairfax City Hall, at 300 80t�' Street Court,
Fairfax, Iowa. This meeting was held with a conference call option.
NOW, TIiEREFORE, BE IT RESOLVED, by the City Council of the City of
Fairfax, Iowa, appi•oval of Budget Amendment #2 for Fiscal Year 2021-2022.
BE IT FURTHER RESOLVED, by the Fairfax City Council of the City of
Fairfax, Iowa, that the Mayor aild City C1erk/Treasurer are hereby authorized and directed
to execute said resolution.
Passed and approved this 12`h day of April, 2022.
AYES: Nurre, Daly, Pacha, Volk, and Wainwright
NAYS: None
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Burnell G. Frieden, Mayor
ATTEST:
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Cy thia K. Stimson, City Clerk/Treasurer
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NOTICE OF PUBLIC HEARING - AMENDMENT OF CURRENT BUDGET
City of FAIRFAX
Fiscal Year July 1, 2021 - June 30, 2022
The Cit of FAIRFAX will conduct a public hearin for the purpose of amendin the current bud et for fiscal year ending June 30, 2022
Meeting Date/Time: 4/12/2022 06:00 PM Con4act: Cynthia Stimson Phone: (319) 84G-2204 ext: 0
Meetin Location: Fairfax City Hall, 300 80th 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 disbursernents, both past and
antici ated, will be availabie at the hearin .
To4al Budget Current Total Budget After
REVENUES & OTNER FINANCING SOURCES as Certified Amendment Current Amendment
or Last Amended
Taxes Levied on Pro ert 1 979,725 0 979,725
Less: Uncollected Delin uent Taxes - Lev Year 2 0 0 0
Net Current Property Tax 3 979,725 0 979,725
Delin uent Pro erty Tax Revenue 4 0 0 0
TIF Revenues 5 1,045,000 0 1,045,000
Other City Taxes 6 397,385 143,906 541,291
Licenses & Permits 7 90,875 0 90,875
Use of Mone & Pro ert 8 47,200 0 47,200
Inter overnmentai 9 1,038,873 59,819 1,098,692
Char es for Service 10 1,707,745 110,779 1,818,524
S ecial Assessments 11 0 0 0
Miscellaneous 12 241,780 14,800 'L56,580
Other Financin Sources 13 0 147,700 147,700
Transfers In 14 1,560,820 213,519 1.774,339
Totai Revenues & Other Sources 15 7,109,403 690,523 7,799,926
EXPENDITURES & OTHER FINANCING USES
Public Safet 16 539,149 41,812 580,961
Public Works 17 2,323,841 -435,753 1,888,088
Health and Social Services 18 0 0 0
Culture and Recreation 19 1,529,519 -24,000 1,505,519
Community and Economic Develo ment 20 79,900 45,375 125,275
General Government 21 503,605 98,850 602,455
Debt Service 22 1,420,817 0 1,420,817
Ca ital Pro'ects 23 0 213,519 213,519
Total Government Activities Ex enditures 24 6,396,831 -60,197 6,336,634
Business T e/Enter rise 25 4,358,968 -802,253 3,556,715
Total Gov Activities & Business Expenditures 26 10,755,799 -862,450 9,893,349
Tranfers Out 27 1,560,820 213,519 1,774,339
Total Expenditures/Transfers Out 28 12,316,619 -648,931 11=667,688
Excess Revenues & Other Sources Over 2g -5,207,216 1,339,454 -3,£367,76'L
Under) Expendi4ures/Transfers Out
Be inning Fund Balance July 1, 2021 30 6,424,330 0 6,424,330
Ending Fund Balance June 30, 2022 31 1,217,114 1,339,454 2,556,568
Explanation of Changes: Additional revenues are based on actual receipts. The net decrease in expenses is due to large projects coming in under budget
for this fiscal ear some other ex enses increased. _
03/08/2022 11:58 AM Paae 1 of 1
CITY �UqGET �ali���l[3MENT ,4ND CER71F1CATtON €�EStlLU7ltiN - FY 7E�22 - �1MENDM�Ni # 2
To ihe Auditor of LINN County; 1o�1•a:
The CitV Co�:ncil of FAIRf=AX in said CountyiCounties mei on 04,�12.!2022 06:00 Pt�•t, at Yhe place and hour set in the ncYice, a cet�y oi which accornparies this
cert:ficete and is certifi�d as to publication. Upon taking up the proposed �mendment, it evas considerec� and ;axpayers w�;re hea�'c1 for and against the
amendrnent.
7he Council, af?er hearing afi iaxpayers s�ishing to be he�rd and considering the statements macie by therr�, gave `nai consideration io the proposed
airendment(s� to the budget and modifications proposed at the hearing, if any. Thereupon, the foilativirg resoluticn .vas intreduced.
RE50LUTIOPd tlo. 2Q22-31
A RESC3LU710N AMENi�EfdG THE Cf1RRENT BUqGET FQR FESCAL YEAR ENDING JUNE 2Q22
�As LasT ceRriFa�D ora Ar�ENa�c� or� osr�orzoa�}
E3e it Resaived by the Cauncif of City of FAIRFAX
Section 1. FoiEowing r:otice publishedr'posted 03/29/2022 and the pubiic hearing held 0�+/12i2022 Q6:00 PM thN current budyet (as pre��iously amended) is
amended as set out herein and in the detail by fund type and activity that supports Fhis resolution vdhich was c.onsidered at fhe hearing:
R�V�NUES & OTNFFt FINANCiNG St7URCES
Taxes Levied a�i Property
Less: U�7coilected qelinquent l"axes - Levy Year
Net Cune�,t t'rope�ty Tax
Delirouent Prooertv T'ax Revenue
Total Budget
as Certified
or Last Amended
725
Q
725
Q
Current Total �uclget Rfter
Amendment Current Amendnaent
0 979,725
0 a
0 979,725
0 0
TI� Re�renues 5 1,045,000 � 1,045,Q00
Other Cit � Taxes 6 397,3�5 143,90n 541,291
licenses & I'ermits 7 90,875 0 90,875
Use of f�4onev & F'ro erl 8 47,200 0 47,200
Inter overnmental 9 1,038.873 .`.i9,819 1;0�38;692
Charces for Service 10 1;707,?45 1;0,779 1,31f3,524
S}eciaf Assessn:erits 11 0 � o
Miscelianeous 12 241,780 i/+,800 256,5�0
Other Financina Scurces 13 0 147,700 147,i00
Transfers In 14 1,5G0,$2Q 'L�3;�19 1,774,339
iotai Revenues & Ott�er Sources 15 7,109,403 690,523 7,799,926
EXPENDIil1f2ES & CiiNER FiN�NC1i�G EISE�
Public Safet 16 539,1�9 41,812 5II0,961
Public Works 1�7 2,323,841 -435;753 1,888,088
Heafth and Soci�,l Service� 1� � 0 �
Cuiture and Recreatio�i 19 1.529,519 -24,0�0 1,505,519
Communit� and Econanic, Devclo �inent 20 19,900 4:a,375 125,275
Gereral Governmeni 21 503,605 98,850 602,455
Debt Ser��ice 22 1,420,817 0 1,420;817
Capital Pro'ects 23 0 2!3,519 213,519
Totai G�vernment Activities Ex enditures 24 6;38G,831 -60,197 6,336,634
Business T 7elEnter rise 25 4,358,968 -8C2,25:', 3,5`.i6,715
Tofal Gov Activities & Business Ex enditures 26 10,755,799 -862:450 9,893;349
Traniers O�.t 27 1,560,82Q 213.519 1,774,339
Tata{ Ex endii��resiTransfers Out 28 12;31G,619 -648,931 11,667,688
Excess Reve��ues �. C}Yher Sources Over 2g -5,2Q7,216 1;339,454 -3,867,762
Und�r Ex enditureslTransfers Out
Be innina �und Balance Jul t, 2021 30 6,424,330 0 S,4'L4,330
Endin Fund Balance June 30, 2D22 31 1,2i7,114 1,339.454 2,556,568
Expiai�ation of Ct�anges: Aeditional revenues are based on actual receipts. The net decrease in expenses is cs��e to large projects ceming in �u�der budget
(ai this fiscai vear scme other expenses increased.
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C€erk(Administrator Sig��afur� of Cer#ification
Adopted On
Mayor Signature af CertfYfcation
04?13i2022 12:?_9 FP„1 Paae i of 1