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HomeMy Public PortalAboutResolutions-2023-067RESOLUTION NO. 2023-067 A RESOLUTION ACCEPTING THE CITY STREET FINANCE REPORT TO THE IOWA DEPARTMENT OF TRANSPORTATION FOR THE CITY OF TIFFIN, IOWA FOR FISCAL YEAR 2023 Whereas, the City of Tiffin, Iowa, is the recipient of ongoing payments from the State of Iowa of a pro -rata share of Road Use Tax payments which are utilized for various defined purposes relating to the maintenance, improvement and construction of the City's streets, and; Whereas, it is the responsibility of the City to report to the State how it spends its Road Use Tax as shown on the attached report; Now, therefore be it resolved by the City Council of the City of Tiffin, Iowa to accept the City Street Finance Report for FY 2023. On the 3rd day of October, at a regular meeting of the Tiffin City Council, Tiffin, Iowa, Councilperson Havens introduced RESOLUTION NO. 2023-067, A RESOLUTION ACCEPTING THE CITY STREET FINANCE REPORT TO THE IOWA DEPARTMENT OF TRANSPORTATION FOR THE CITY OF TIFFIN, IOWA FOR FISCAL YEAR 2023 and made a motion for approval. Motion seconded by Councilperson Limkemann. Ayes: Havens, Olney, Orris, Schnedler, Limkemann. Nays: None. Absent: None. Whereupon five Council members were present and voted approval and Mayor Berner declared that the RESOLUTION NO. 2023-067, A RESOLUTION ACCEPTING THE CITY STREET FINANCE REPORT TO THE IOWA DEPARTMENT OF TRANSPORTATION FOR THE CITY OF TIFFIN, IOWA FOR FISCAL YEAR 2023 to be adopted and signified his approval of the same by affixing his signature thereto. Passed by the City Council on the 3rd day of October, 2023. City of Tiffin ATTEST: Abigail Frora, City Clerk Steven Berner, Mayor DOT Bureau of Local Systems A mes, IA 50010 City Street Finan ce Report E xpenses Fiscal Year 2023 Tiffin 9/18/2023 12:35:08 PM A. x �GeneCal .?.. �.'"Jt :� k x �, � S't $ n ..'- . .�`�. 0 .-. r ., '.a � Road� „ . � , aat+: . s „Use,; z � � .. Y., . � i- ,Sx ,� ,n . i. .K � ..a;x'3 Y s "x. 2.,, A . , � ,., th er ., .,., � � � ,�. ., ,.,8 y A4w b.:t. � ��S ecial = ,. .�. ..� � � .. �� ',. ""' " R�Venues�.x� � �..� '['rcp^•AR.t4 c, Y.E-i w.�,i '#'.as -: � � �,, �D ��-� ebt E . ,i ::: a �" . Z�. .x.f. : f.� " ., ' �� Senr�ce:�, y�;,�� .x.}'t .. t„X .: ^.e. rs; � �Ca itial.f'�: � aa- f. . -` C •. L 5 .; r.` .. , �x, . ,,Pro ects ,� '"Y' � n t; .Utilities �. ::: �, 00�� UO �6, ) �. ��.. Grand ..Total Salaries - Roads/Streets $195,945 $195,945 Be ne fits - Roads/Streets $69,299 $69,299 Building & Grounds Maint. & Repair $2,601 $2,601 Vehicle & Office Equip Operation and Repair $51,991 $51,991 Operational Equipment Repair $2,175 $2,175 Street Lights $63,767 $63,767 Other Utilities $2,150 $2,150 Engineering $226,507 $226,507 Janitorial $390 $390 Street Maintena nce Ex pense $21,435 $21,435 Other Contract Services $13,900 $2,152,159 $2,166,059 Chemicals $47,526 $47,526 Minor Equipment Purchases $4,402 $4,402 Other Equipment $1,793 $1,793 Operating Supplies $7,915 $7,915 New Posts & Signs $27,330 $27,330 Othe r Supplie s $422 $422 Page 1 of 7 DOT Bureau of Local Systems Ames, IA 50010 City Street Finance Report Fiscal Year 2023 Tiffin 9/18/2023 12:35:08 PM Principal Payment $905,000 $905,000 Intere st Payment $179,600 $179,600 Bond Registration Fees $1,200 $1,200 Depreciation & Building Utilities $16,566 $16,566 Snow Removal Salaries Total $540,716 Page 2 of 7 $1,085,800 $2,378,666 $4,005,182 ;DOT Bureau of Local Systems Ames, IA 50010 City Str eet Finance R eport Re venue Fiscal Y ear 2023 Tiffin 9/18/2023 12:35:08 PM Le vie d on Property $0 so $1,085,800 $1,085,800 State Revenue s - Road Use Taxe s $620,902 $620,902 Charges/fees $0 0 Contributions $1,852 $49 $1,901 Total $0 $622,754 $0 $1,085,800 Page 3 of 7 $49 $0 $1,708,603 401 DOT Bureau of Local Systems Ames, IA 50010 City Street Finance Rep ort Bonds/Loans Fiscal Year 2023 Tiffin 9/18/2023 12:35:08 PM Bond/Lo an De scription Principal Balance A's4of7/1ry T otal Principal Paid Total Interest Paid Pn nap RoadsRoads Interest , Principal Balance As of 6/30 2020 GO BOND $7,195,000 $560,000 $136,000 $560,000 $136,000 $6,635,000 2021 GO BOND $2,180,000 $345,000 $43,600 $345,000 $43,600 $1,835,000 Total $9,375,000 $905,000 $179,600 Page4of7 $905,000 $179,600 $8,470,000 1 DOT Bureau of Local Systems Ames, IA 50010 City Street Finance Rep ort Equipment Fiscal Y ear 2023 Tiffin 9/18/2023 12:35:08 PM Description Mode l Year UsageType ' CosPurchased Status CASE 450 SKID LOADER 2008 Purchased .:$37,605 Traded FREIGHTLINER M2 DUMP TRUCK 2006 Purchased $54,298 No Change FORD F250 UTILITY TRUCK 2019 Purchased $37,000 No Ch ange International 7400 SFA 4X2 DUMP TRUCK 2009 Purchased $125,000 No Change Western Star Dump Truck 4700 SB 2015 Purchased $147,000 No Change BOBCAT 430 MINI EXCAVATOR 2009 Purchased $35,950 Traded Western Star Dump Truck 4700 SB 2022 Purchas ed $92,094 No Change FORD F550 DUMP TRUCK 2018 Purch ased $43,490 No Change Ford F600 DUMP TRUCK 2020 Purchased $44,775 No Chang e MOTOR GRADER 1988 Purchas ed $48,225 No Change CASE 570 N -EP LOADER 2015 Purchased " $48,500 No Change Ford F350 Utility Truck 2010 Purchased $42,130 No Change Catepillar 305-07 NexGen Mini Excavator 2023 Lease $92,824 Lease Catepillar 279D3 Track Skid Loader 2023 Purchased $85,491 New Case 621F Wheel Loader 2012 Purchased $90,000 New F-550 Dump Truck 2022 Purchased $117,000 New F-250 Utility Truck 2023 Purchased $75,000 Ne w Kubota RTV 1100 2013 Purchased $17,000 New Kubota RTV 1100 2023 Purchased $42,843 New Page5of7 41 ,_DOT Bureau of Local Systems Ame s, IA 50010 City Street Finance Rep ort Street Projects Fiscal Year 2023 Tiffin 9/18/2023 12:35:08 PM roject Descriptio' ontract ontracto Name Page 6of7 OT Bureau of Local Systems Ames, IA 50010 City Street Finance Rep ort Summary Fiscal Year 2023 Tiffin 9/18/2023 12:35:08 PM i h General, E�. Fund .; StreetsW Raad � Other .., ecial . ,,. . enu es .��DebfiY;, .. S er vic -e � r� 200 Ca itial �� � Projects k 300 , ti ilities � 600 & U4 Grande. T atal Begining Balance $© $24,910 $0 $0 $2,067,408 $0 $2,092,318 SubTotal Expenses (-) $540,716 $1,085,800 $2,378,666 $4,005,182 Subto tal Reve nues (+) $0 $622,754 $0 $1,085,800 $49 $0 $1,708,603 Ending Balance $0 $106,948 $0 $0 ($311,209) $0 ($204,261) Resolution Number: Exe cution Date: Tuesday, October 3, 2023 Signature: Abigail Flora Page7of7