HomeMy WebLinkAboutRESOLUTION NO. 2020-97 RESOLUTION NO. 2020-97
RESOLUTION APPROVING THE CITY'S PROPOSED
AMENDMENT #1 TO THE FISCAL YEAR 2020-2021 BUDGET
WHEREAS, the City Council of Fairfax, Iowa has prepared amendment#1 to the
Annual Budget for Fiscal Year 2020-2021; and
WHEREAS, the City did hold a public hearing regarding this proposed budget
amendment on November 10, 2020, at 6:00 PM at the Fairfax City Hall, at 300 80th Street
Court, Fairfax, Iowa. Due to COVID19, this meeting was held via a conference call.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Fairfax, Iowa, approval of budget amendment#1 for Fiscal Year 2020-2021.
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 l Oh day of November, 2020.
AYES: Otto, Daly, Pacha, Volk, and Wainwright
NAYS: None
r
urnell G. Frieden, Mayor
ATTEST:
Cy thea K. Stimson, City Clerk/Treasurer
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CITY BUDGET AMENDMENT AND CERTIFICATION RESOLUTION-FY 2021 -AMENDMENT#1
To the Auditor of LINN County, Iowa:
The City Council of Fairfax in said County/Counties met on 11/10/2020
,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. 2020-97
A RESOLUTION AMENDING THE CURRENT BUDGET FOR THE FISCAL YEAR ENDING JUNE 2021
(AS AMENDED LAST ON N/A )
Be it Resolved by the Council of the City of Fairfax
Section 1. Following notice published 10/27/2020
and the public hearing held, 11/10/2020 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 1 854,735 0 854,735
Less:Uncollected Property Taxes-Levy Year 2 0 0 0
Net Current Property Taxes 3 854,735 0 854,735
Delinquent Property Taxes 4 0 0 0
TIF Revenues 5 1,175,000 0 1,175,000
Other City Taxes 6 287,756 0 287,756
Licenses&Permits 7 78,375 56,625 135,000
Use of Money and Property 8 37,500 0 37,500
Intergovernmental 9 486,593 231,717 718,310
Charges for Services 10 1,484,500 456,300 1,940,800
Special Assessments 11 0 0 0
Miscellaneous 12 152,600 289,900 442,500
Other Financing Sources 13 150,000 9,800,000 9,950,000
Transfers In 14 1,422,888 6,000,000 7,422,888
Total Revenues and Other Sources 15 6,129,947 16,834,542 22,964,489
Expenditures&Other Financing Uses
Public Safety 16 724,024 -109,198 614,826
Public Works 17 548,551 1,428,500 1,977,051
Health and Social Services 18 0 0 0
Culture and Recreation 19 1,009,371 847,662 1,857,033
Community and Economic Development 20 77,630 51,270 128,900
General Government 21 418,260 79,000 497,260
Debt Service 22 1,206,888 1,796,721 3,003,609
Capital Projects 23 0 0 0
Total Government Activities Expenditures 24 3,984,724 4,093,955 8,078,679
Business Type/Enterprises 25 3,536,969 4,163,585 7,700,554
Total Gov Activities&Business Expenditures 26 7,521,693 8,257,540 15,779,233
Transfers Out 27 1,422,888 6,000,000 7,422,888
Total Expend itures/Transfers Out 28 8,944,581 14,257,540 23,202,121
Excess Revenues&Other Sources Over
(Under)Expenditures/Transfers Out Fiscal Year 29 -2,814,634 2,577,002 -237,632
Beginning Fund Balance July 1 30 4,041,675 1,452,558 2,589,117
Ending Fund Balance June 30 31 1,227,041 1,124,444 2,351,485
s
Passed this 10 day of 11-2020
_ (Day) (MonthNear)
Signature Signature
City Clerk/Finance Officer Mayors"