HomeMy WebLinkAboutRESOLUTION NO. RESOLUTION NO. 2020-36 RESOLUTION NO. 2020-36
RESOLUTION APPROVING THE CITY'S PROPOSED
AMENDMENT #3 TO THE FISCAL YEAR 2019-2020 BUDGET
WHEREAS, the City Council of Fairfax, Iowa has prepared amendment#3 to the
Annual Budget for Fiscal Year 2019-2020; and
WHEREAS, the City did hold a public hearing regarding this proposed budget
amendment on May 12, 2020, at 6:00 PM at the Fairfax City Hall, at 300 801h Street Court,
Fairfax, Iowa.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Fairfax, Iowa, approval of budget amendment#3 for Fiscal Year 2019-2020.
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 12h day of May, 2020.
AYES: Otto, Daly, Pacha, Volk, and Wainwright
NAYS: None
Burnell G. Frieden, Mayor
ATTEST:
C thia K. Stimson, City Clerk/Treasurer x
57 =544
CITY BUDGET AMENDMENT AND CERTIFICATION RESOLUTION-FY 2020-AMENDMENT#3
To the Auditor of LINN County, Iowa:
The City Council of Fairfax in said County/Counties met on 5/12/2020
,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. 2020-36
A RESOLUTION AMENDING THE CURRENT BUDGET FOR THE FISCAL YEAR ENDING JUNE 2020
(AS AMENDED LAST ON 4/14/2020 )
Be it Resolved by the Council of the City of Fairfax
Section 1. Following notice published 4/29/2020
and the public hearing held, 5/12/2020 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 that hearing:
Total Budget Total Budget
as certified Current after Current
or last amended Amendment Amendment
Revenues&Other Financing Sources
Taxes Levied on Property 1 818,859 0 818,859
Less:Uncollected Property Taxes-Levy Year 2 0 0 0
Net Current Property Taxes 3 818,859 0 818,859
Delinquent Property Taxes 4 0 0 0
TIF Revenues 5 1,025,000 0 1,025,000
Other City Taxes 6 298,799 0 298,799
Licenses&Permits 7 103,225 0 103,225
Use of Money and Property 8 39,116 0 39,116
Intergovernmental 9 626,442 0 626,442
Charges for Services 10 1,637,410 0 1,637,410
Special Assessments 11 0 0 0
Miscellaneous 12 160,950 0 160,950
Other Financing Sources 13 5,275,000 0 5,275,000
Transfers In 14 6,236,654 2,000,000 8,236,654
Total Revenues and Other Sources 15 16,221,455 2,000,000 18,221,455
Expenditures&Other Financing Uses
Public Safety 16 1,249,192 0 1,249,192
Public Works 17 577,799 0 577,799
Health and Social Services 18 0 0 0
Culture and Recreation 19 1,373,888 0 1,373,888
Community and Economic Development 20 96,200 0 96,200
General Government 21 446,910 0 446,910
Debt Service 22 1,151,329 100,000 1,251,329
Capital Projects 23 0 0 0
Total Government Activities Expenditures 24 4,895,318 100,000 4,995,318
Business Type/Enterprises 25 5,691,686 0 5,691,686
Total Gov Activities&Business Expenditures 26 10,587,004 100,000 10,687,004
Transfers Out 27 6,236,654 2,000,000 8,236,654
Total ExpendituresiTransfers Out 28 16,823,658 2,100,000 18,923,658
Excess Revenues&Other Sources Over
(Under)Expenditures/Transfers Out Fiscal Year 29 -602,203 -100,000 -702,203
Beginning Fund Balance July 1 30 1,855,5031 0 1,855,503
Ending Fund Balance June 30 311 1,253,300 -100,000 1,153,300
Passed this 12 day of May 2020
(Day) ` wowlilyear)
ll Signature Signature
City Clerk/Finance Officer Mayor