HomeMy WebLinkAboutRESOLUTION NO. 2022-68RESOLUTION NO. 2022-68
RESOLUTION APPROVING THE CITY'S PROPOSED
AMENDMENT #1 TO THE FISCAL Y�AR 2022-2023 BUDGET
WHEREAS, the City Council of Fairfax, Iowa has prepared Budget Amendment
#1 to the Annual Budget for Fiscal Year 2022-2023; and
WHEREAS, the City did hold a public hearing regarding this proposed Budget
Ainendinent on August 9, 2022, at 6:00 PM at the Fairfax City Hall, at 300 80`�' 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 Ainendment #1 for Fiscal Year 2022-2023.
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 a�proved this 9t�' day of August, 2022.
AYES: Nurre, Daly, Pacha, Volk, and Wainwright
NAYS: None
/ `
�',� A �.a o G� ..A _
��" Burnell G. Frieden, Mayor
ATTEST:
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C, nthia K. Stimson, City Clerk/Treasurer
NOiICE OF Pl1�LIC Fi�ARING -,�IUIERIDMEIdT OF CURRENT BUDCsET
City of FAIRFAX
Fiscal Year July 1 2022 - June 30 2023
The Cit of FAIRFAX will conduct a ublic hearin for the ur ose of amendin the current bud eY for fiscal ear endin June 30, 2023
Meeiinq Date/1'ime� 8/9/2022 06�00 PM Gorrtact• C nthia Stimson Phone: (319) 846-2204
IY�eetirrq Locafion• 300 80th St Ct Fairfax IA 52228
There will be no increase in fiaxes. Any residents or taxpayers wiii 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
antici ated, will be available at the hearin .
iotal Budgei Curren4 Total �udget R,fCer
REVENUES & Ol'FIEF2 FIIVAftICING SOURCE� as Ce�tified Amendment Current Amendment
or Last �4mended
Taxes Levied on Pro ert 1 1,089,818 0 1,089,818
Less: Uncoilected Delin uent Taxes - Lev Year 2 0 � �
Net Current Pro ert Tax 3 1,089,818 0 1,089,818
Delin uent Pro ert Tax Revenue 4 0 0 0
TIF Revenues 5 1,009,000 0 1,009,000
Other Cit Taxes 6 452,258 0 452,258
Licenses & Permits 7 86,675 0 86,675
Use of Mone & Pro ert 8 44,400 -2,970 41,430
Inter overnmental 9 830,158 1,064,500 1,894,658
Charaes for Service 10 ___ 1,762,315 -13,800 1,748,515
Miscellaneous � �
Other Financin Sources 13
Transfers In 14
iotal Revenues & 04her Sources 15 1
EXPEMDITUFLES & �7hiER FIIVARIC9NG USES
Public Safet 16
Public Works ��
Health and Social Services 18
Culture and Recreation �9
Communit and Economic Develo ment 20
General Government 2�
Debt Service 22
Ca itai Pro'ects 23
Total Government Activities Ex enditures 24
Business T e/Enter rise 25
To4a1 Gov Ac@ivities &�usiness �x endiiures 26
Transfers Out 27
7otai Ex endi4ures/'fran§fers Out 28
Excess Ftevenues � Other Sources Over 29
Under Ex enditures/Transfers Out
Be innin Fund Balance Jul 1, 2022 30
Endin Fund Balance June 30, 2023 31
Explanaiion of Changes: Increase in revenues is because of federal, state, and loca
fees. The increase in expenses is due to many projects continuing into FY23 , new�
0 0
27,500 192,500
0 2,300,000
0 4,649,632
1,075,230 13,464,486
�
11
�
11
�
0
165,000
300,000
649,632
389,256
522,665
745,425
0
522,623
78,000
441,985
491,630
540,000
642,328
458,841
101.169
fi[�Ii;
0
�
4,649,632 0 4,649,632
13,750,801 2,371,100 16,121,901
-1,361,545 -1,295,870 -2,657,415
3,697,281 1,407,070 5,104,351
2,335,736 111,200 2,446,936
I grants yet Yo receive as well as increase in anticipated donations and
roiects added. buildinq repairs, and increase in operating costs.
07/21/2022 12:36 PM Paae 1 of 1
CITY BUDGET AMENDMENT AND CERTIFICATION RESOLUTION - FY 2023 - AMENDMENT # 1
To the Auditor of LINN County, lowa:
The City Council of FAIRFAX in said County/Counties met on 08/09/2022 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 Council, after hearing all taxpayers wishing to be heard and considering the statements made by them, gave final 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. 2022-68
A RESOLUTION AMENDING THE CURRENT BUDGET FOR FISCAL YEAR ENDING JUNE 2023
(AS LAST CERTIFIED OR AMENDED ON 03/0812022)
Be it Resolved by the Council of City of FAIRFAX
Section 1. Following notice publishedlposted 07/21/2022 and the public hearing held OS/09/2022 06:00 PM the current budget (as previously amended) is
amended 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 Total Budget After
REVENUES & OTHER FINANCING SOURCES as Certified Amendment Current Amendment
or Last Amended
Taxes Levied on Property
Less: Uncollected Delinquent Taxes - Levy Year
Net Current Property Tax
Delinauent Propertv Tax Revenue
Other City Taxes
Licenses & Permits
Use of Money & Prc
intergovernmental
Charqes for Service
Miscellaneous
Other Financing Sources
Transfers in
Total Revenues & Other Sources
EXPENDITURES & OTHER FINANC
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15 1
1,089,818
0
1,089,818
0
1, 009,000
452,258
86,675
44,400
830,158
1,762,315
0
165.000
0 1,089,818
0 0
0 1,089,818
0 0
0 1,009,000
0 452,258
0 86,675
-2,970 41,430
1,064,500 1,894,658
-13,800 1,748,515
0 0
27,500 192,500
0 2,300,000
0 4,649,632
1.075.230 13,464,486
Public Safet 16 522,665 0 522,665
Public Works 17 1,745,425 1,015,000 2,760,425
Health and Social Services 18 0 0 0
Culture and Recreation 19 1,522,623 498,100 2,020,723
Communit and Economic Develo ment 20 78,000 0 78,000
General Government 21 441,985 22,400 464,385
Debt Service 22 1,491,630 0 1,491,630
Ca ital Pro'ects 23 840,000 500,000 1,340,000
Total Government Activities Ex enditures 24 6,642,328 2,035,500 8,677,828
Business T e/Enter rise 25 2,458,841 335,600 2,794,441
Total Gov Activities & Business Ex enditures 26 9,101,169 2,371,100 11,472,269
Transfers Out 27 4,649,632 0 4,649,632
Total Ex enditureslTransfers Out 28 13,750,801 2,371,100 16,121,901
Excess Revenues & Other Sources Over 2g -1,361,545 -1,295,870 -2,657,415
Under Expenditures/Transfers Out
Be innin Fund Balance Jul 1, 2022 30 3,697,281 1,407,070 5,104,351
Endin Fund Balance June 30, 2023 31 2,335,736 111,200 2,446,936
Explanation of Changes: Increase in revenues is because of federal, state, antl local grants yet to receive as well as increase in anticipated donations and
fees. The increase in expenses is due to man pro'ects continuin into FY23 , new pro'ects added, buildin repairs, and increase in operatin costs.
��.
r/,,, �,� O8/09/2022
�����i���'l���L .�� �. � o �',��--
Clerk/Administrator Signature of Certification Adopted On
Mayor Signature of Certification
08/15/2022 01:18 PM Paae 1 of 1