HomeMy WebLinkAboutRESOLUTION NO. 2015-13 RESOLUTION NO. 2015-13
RESOLUTION SETTING TIME AND PLACE FOR A PUBLIC HEARING FOR
THE PURPOSE OF SOLICITING WRITTEN AND ORAL COMMENTS ON THE
CITY'S PROPOSED FISCAL YEAR 2015-2016 BUDGET
WHEREAS, the City Council of Fairfax, Iowa has prepared the annual budget
for the Fiscal Year 2015-2016; and
WHEREAS, Iowa Code 384.16.3 requires a public hearing on the proposed
budget where any resident or taxpayer of the City may present to the City Council
objections to any part of the budget for the following 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 2015-2016 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 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
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Jasonabe, Mayor
ATTEST:
17(a/6'-‘2/7
C, thia Stimson, City Clerk/Treasurer
Form 631.1 Department of Management
NOTICE OF PUBLIC HEARING
BUDGET ESTIMATE
FISCAL YEAR BEGINNING JULY 1, 2015-ENDING JUNE 30, 2016
City of Fairfax , Iowa
The City Council will conduct a public hearing on the proposed Budget at 525 Vanderbilt Street, Fairfax Iowa
on 3/10/2015 at 7:00 PM
(Date)xx/xx/xx (hour)
The Budget Estimate Summary of proposed receipts and expenditures is shown below.
Copies of the the detailed proposed Budget may be obtained or viewed at the offices of the Mayor,
City Clerk, and at the Library.
The estimated Total tax levy rate per$1000 valuation on regular property $ 7.92239
The estimated tax levy rate per$1000 valuation on Agricultural land is . . $ 3.00375
At the public hearing, any resident or taxpayer may present objections to, or arguments in favor of, any part
of the proposed budget.
319-845-2204 Cynthia Stimson
phone number City Clerk/Finance Officer's NAME
Budget FY Re-estimated FY Actual FY
2016 2015 2014
(a) (b) (c)
Revenues&Other Financing Sources
Taxes Levied on Property 1 610,518 592,018 580,825
Less:Uncollected Property Taxes-Levy Year 2 0 0 0
Net Current Property Taxes 3 610,518 592,018 580,825
Delinquent Property Taxes 4 0 0 0
TIF Revenues 5 898,000 887,461 706,060
Other City Taxes 6 250,375 252,000 262,490
Licenses&Permits 7 58,500 47,000 44,617
Use of Money and Property 8 28,740 21,500 24,392
Intergovernmental 9 400,303 941,243 443,071
Charges for Fees&Service 10 771,140 734,595 742,146
Special Assessments 11 0 0 0
Miscellaneous 12 53,500 59,000 60,785
Other Financing Sources 13 0 2,087,000 3,820,575
Transfers In 14 1,239,858 3,141,748 4,467,678
Total Revenues and Other Sources 15 4,310,934 8,763,565 11,152,639
Expenditures&Other Financing Uses
Public Safety 16 903,815 412,477 478,843
Public Works 17 897,711 1,292,250 1,925,807
Health and Social Services 18 0 0 0
Culture and Recreation 19 676,379 980,303 767,059
Community and Economic Development 20 73,500 3,000 5,499
General Government 21 391,400 215,100 270,829
Debt Service 22 1,257,733 1,132,877 1,571,771
Capital Projects 23 0 0 0
Total Government Activities Expenditures 24 4,200,538 4,036,007 5,019,808
Business Type/Enterprises 25 1,881,000 512,500 541,182
Total ALL Expenditures 26 6,081,538 4,548,507 5,560,990
Transfers Out 27 1,239,858 3,141,748 4,467,678
Total ALL Expenditures/Transfers Out 28 7,321,396 7,690,255 10,028,668
Excess Revenues&Other Sources Over
(Under)Expenditures/Transfers Out 29 -3,010,462 1,073,310 1,123,971
Beginning Fund Balance July 1 30 3,756,646 2,683,336 1,559,365
Ending Fund Balance June 30 31 746,184 3,756,646 2,683,336