HomeMy WebLinkAboutRESOLUTION NO. 2015-12 RESOLUTION NO. 2015-12
RESOLUTION SETTING TIME AND PLACE FOR A PUBLIC HEARING FOR
THE PURPOSE OF SOLICITING WRITTEN AND ORAL COMMENTS
ON THE CITY'S PROPOSED AMENDMENT TO THE
FISCAL YEAR 2014-2015 BUDGET
WHEREAS,the City Council of Fairfax, Iowa has prepared an amendment to the
Annual Budget for Fiscal Year 2014-2015; and
WHEREAS, Iowa Code 384.16.3 requires a public hearing on the proposed
amended budget where any resident or taxpayer of the City may present to the City
Council objections to any part of the budget amendment for the current fiscal year or
arguments in favor of any part of the budget before its adoption and certification to the
county auditor; and
WHEREAS, interested residents or taxpayers having comments for or against
these proposals may appear and be heard at the public hearing at the city council meeting
on March 10, 2015 at 7:00 PM at the Fairfax City Hall, at 525 Vanderbilt Street, Fairfax,
Iowa.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Fairfax, Iowa, that this confirms that the city council order the publication of a notice of
public hearing pertaining to the adoption of the Fiscal Year 2014-2015 Amended Budget
not less than ten (10) days nor more than twenty (20) days prior to the date set for the
hearing.
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 10th day of February, 2015.
AYES: Beer, Frieden, Otto, and Magers
NAYS: None
ABSENT: Wainwright
Jason abe, Mayor
ATTEST:
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Cyn 'a Stimson, City Clerk/Treasurer
Mar-14 NOTICE OF PUBLIC HEARING
Form 653.C1 AMENDMENT OF CURRENT CITY BUDGET
The City Council of Fairfax in LINN County,Iowa
will meet at 525 Vanderbilt Street,Fairfax,Iowa
at 7:00 PM on March 10,2015
(hour) (Data)
,for the purpose of amending the current budget of the city for the fiscal year ending June 30, 2015
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by changing estimates of revenue and expenditure appropriations in the following functions for the reasons given.
Additional detail is available at the city clerk's office showing revenues and expenditures by fund type and by activity.
Total Budget Total Budget
as certified Current after Current
or last amended Amendment Amendment
Revenues&Other Financing Sources
Taxes Levied on Property 1 579,901 579,901
Less:Uncollected Property Taxes-Levy Year 2 0
Net Current Property Taxes 3 579,901 0 579,901
Delinquent Property Taxes 4 0
TIF Revenues 5 887,461 887,461
Other City Taxes 6 264,117 264,117
Licenses&Permits 7 30,000 17,000 47,000
Use of Money and Property 8 28,000 28,000
Intergovernmental 9 861,550 861,550
Charges for Services 10 771,095 771,095
Special Assessments 11 0
Miscellaneous 12 52,100 7,000 59,100
Other Financing Sources 13 4,967,877 350,000 5,317,877
Total Revenues and Other Sources 14 8,442,101 374,000 8,816,101
Exaenditores&0ther Financing Uses
Public Safety 15 366,093 62,000 428,093
Public Works 16 1,440,200 200,000 1,640,200
Health and Social Services 17 0
Culture and Recreation 18 1,324,803 1,324,803
Community and Economic Development 19 8,000 42,000 50,000
General Government 20 238,000 68,000 306,000
Debt Service 21 1,132,877 25,000 1,157,877
Capital Projects 22 0
Total Government Activities Expenditures 23 4,509,973 397,000 4,906,973
Business Type/Enterprises 24 1,093,900 1,093,900
Total Gov Activities&Business Expenditures 25 5,603,873 397,000 6,000,873
Transfers Out 26 3,067,877 100,000 3,167,877
Total Expenditures/Transfers Out 27 8,671,750 497,000 9,168,750
Excess Revenues&Other Sources Over gaaMAinaMOMMHMOMM
(Under)Expenditures/Transfers Out Fiscal Year 28 229,649 -123,000 -352,649
Beginning Fund Balance July 1 29 2,683,336 2,683,336
Ending Fund Balance June 30 30 2,453,687 -123,000 2,330,687
Explanation of increases or decreases in revenue estimates,appropriations,or available cash:
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amount&Permits and Miscellaneous revenues collected are higher than anticipated. The amount of a bond is now
known more accurately and that changed the Other Financing Sources amount. Public Safety expenditure total is
increased due to the sale and replacement of equipment. The other expenditure totals are increased due to projects.
The Transfers Out amount changed due to the change in the bond amount.
There will be no increase in tax levies to be paid in the current fiscal year named above related to the proposed
budget amendment. Any increase in expenditures set out above will be met from the increased non-property tax
revenues and cash balances not budgeted or considered in this current budget.
Cynthia Stimson
City Clerk/Finance Officer Name