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Home My Public Portal AboutResolutions-2011-56 (3)CITY OF TIFFIN RESOLUTION 2011 -56 A RESOLUTION APPROVING THE 2010 -2011 FINANCIAL REPORT FOR YEAR ENDING JUNE 30, 2011. WHEREAS, the City of Tiffin, Iowa is required to file a financial report to the State of Iowa Auditor's Office for year ending June 30, 2011. WHEREAS, the City of Tiffin, Iowa is required to publish in the legally recognized newspaper the completed financial report. Upon receipt of proof of legal publishing the completed and signed report will be submitted to the State of Iowa Auditor's Office by the City Clerk / Treasurer. NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL 0 F THE CITY OF TIFFIN, IOWA: to approve Annual Financial Report and direct Mayor and City Clerk / Treasurer to publish as required and submit to State of Iowa Auditor's Office. Motion made by Councilperson: Mike Gericke seconded by Councilperson Travis Weipert to approve Resolution 2011 -56 A RESOLUTION APPROVING THE 2010 -2011 FINANCIAL REPORT FOR YEAR ENDING JUNE 30, 2011 and authorize submission of report by the City Clerk / Treasurer to the State of Iowa Auditor's Office. Aye: Chris Ball, Mike Gericke, Travis Weipert Nay:None Absent: Jim Bartels, Mark Petersen Whereas with three affirmative yotes by City Council members, Mayor Royce Phillips declared Resolution 2011 -56 A RESOLUTION APPROVING THE 2010 -2011 FINANCIAL REPORT FOR YEAR ENDING JUNE 30, 2011 approved and therefore affixes his signature. ATTEST: PASSED AND APPROVED THE 30th day of November 2011. Ruth Derr uth, City Clerk Form F -66 (IA -2) (4-20-2011) STATE OF IOWA 2011 FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 2011 CITY OF TIFFIN , IOWA 16205200900000 City of Tiffin 201 Main St PO Box 259 Iffin, Ia. 52340 (Please correct any error in name, address, and ZIP Code) DUE: December 1, 2011 WHEN David A. Vaudt, CPA COMPLETED, Auditor of State PLEASE State Capitol Building RETURN TO Des Moines, IA 50319 -0004 NOTE - The information supplied in this report will be shared by the Iowa State Auditor's Office, the U.S. Census Bureau, various public interest groups, and State and federal agencies. ALL FUNDS Item description Govemmental (a) Proprietary (b)....... Total actual (c) Budget (d) Revenues and Other Financing Sources Taxes levied on property 312,195 :............... 312,195 312,111 Less: Uncollected property taxes -levy year 0 0 0 Net current property taxes 312,195 312,195 312,111 Delinquent property taxes 277 ................ ::.............. ................ :............... 277 0 TIF revenues 1,247,017 1,247,017 1,309,493 Other city taxes 181,481 13 502 194,983 197,176 Licenses and permits 0 35,445 35,445 61,000 Use of money and property 0 53,737 53,737 40,000 Intergovernmental 123,747 0 123,747 862,000 Charges for fees and service 0 757,330 757,330 733,000 Special assessments 0 0 0 0 Miscellaneous 0 61,547 61,547 20,000 Other financing sources 599,448 0 599,448 Total revenues and other sources 2,464,165 921,561 3,385,726 3,534,780 Expenditures and Other Financing Uses Public safety .. 166,933 0 166,933 168,171 Public works 229,232 0 229,232 264,748 Health and social services 0 0 0 0 Culture and recreation 114,153 0 114,153 221,883 Community and economic development 55,465 0 55,465 61,000 General government 156,060 0 156,060 161,055 Debt service 215,394 0 215,394 128,923 Capital projects 429,898 0 429,898 1,296,900 Total governmental activities expenditures 1,367,135 0 1,367,135 2,302,6$0 Business type activities 0 508,447 508,447 857,000 Total ALL expenditures 1,367,135 508,447 1,875,582 3,159,680 Other financing uses, including transfers out 382,768 216,680 599,448 Total ALL expenditures /And other financing uses 1,749,903 725,127 2,475,030 3,159,680 Excess revenues and other sources over (Under) Expenditures /And other financing uses 714,262 196,434 910,696 375,100 Beginning fund balance July 1, 2010 819,463 973,695 1,793,158 2,137,870 Ending fund balance June 30, 2011 1,533,725 1,170,129 2,703,854 2,512,970 Note - These balances do not include $ 0 held in non - budgeted intemal service funds; $ 0 held in Pension Trust Funds; $ 0 held in Private Purpose Trust funds and $ 0 held in agency funds which were not budgeted and are not available for city operations. Indebtedness at June 30, 2011 Amount - Omit cents Indebtedness at June 30, 2011 Amount - Omit cents General obligation debt $ 656,412 Other long -tens debt $ 0 Revenue debt $ 521,172 Short-term debt $ 0 TIF Revenue debt $ 876;000 General obligation debt limit $ 6,638,259 ................................. ............................... ................................ ............................... ................................. ............................... CERTIFICATION THE FOREGOING REPORT IS CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF Signature of city clerk Date Published/Postec Mark (x) one E DNe ROlehed 0 Dole Pooled Printed name of city clerk Ruth Demuth Telephone -I. Area Code 319 Number 545 -2572 Extension Signature of Mayor of other City ofciaj'Name and Title) ROYCE W PHILLIPS Date signed 11.18.2011 PLEASE PUBLISH THIS PAGE ONLY Form 631.1 Department of Management City of NOTICE OF PUBLIC HEARING BUDGET ESTIMATE FISCAL YEAR BEGINNING JULY 1, 2011 - ENDING JUNE 30, 2012 Tiffin , Iowa The City Council will conduct a public hearing on the proposed Budget at SPRINGMIER LIBRARY MIDDLE SCI-1 on MARCH 9, 2011 at 6:30PM (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 $ 11.97649 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 - 545 -2572 phone number RUTH DEMUTH City Clerk/Finance Officer's NAME Budget FY 2012 Re- estimated FY 2011 Actual FY 2010 (a) (b) (c) Revenues & Other Financing Sources Taxes Levied on Property 1 385,776 312,111 314,684 Less: Uncollected Property Taxes -Levy Year 2 0 0 0 Net Current Property Taxes 3 385,776 312,111 314,684 Delinquent Property Taxes 4 0 0 236 TIF Revenues 5 1,286,981 1,309,493 1,223,293 Other City Taxes 6 238,781 196,126 194,279 Licenses & Permits 7 40,000 61,000 34,222 Use of Money and Property 8 35,000 40,000 36,130 Intergovernmental 9 773,844 100,984 958,991 Charges for Fees & Service 10 756,000 739,300 794,174 Special Assessments 11 0 0 0 Miscellaneous 12 10,000 62,130 9,214 Other Financing Sources 13 4,249,826 711,810 0 Total Revenues and Other Sources 14 7,776,208 3,532,954 3,565,223 Expenditures & Other Financing Uses Public Safety 15 239,418 168,171 147,648 Public Works 16 275,598 264,748 277,885 Health and Social Services 17 0 0 0 Culture and Recreation 18 122,314 104,800 99,535 Community and Economic Development 19 74,500 61,000 42,683 General Government 20 175,075 161,055 143,832 Debt Service 21 215,414 226,923 208,597 Capital Projects 22 4,695,826 627,000 2,007,893 Total Government Activities Expenditures 23 5,798,145 1,613,697 2,928,073 Business Type / Enterprises 24 873,186 565,568 609,824 Total ALL Expenditures 25 6,671,331 2,179,265 3,537,897 Transfers Out 26 1,900,000 627,000 0 Total ALL Expenditures/Transfers Out 27 8,571,331 2,806,265 3,537,897 Excess Revenues & Other Sources Over (Under) Expenditures/Transfers Out 28 - 795,123 726,689 27,326 Continuing Appropriation 29 0 0 Beginning Fund Balance July 1 30 2,519,847 1,793,158 1,765,832 Ending Fund Balance June 30 31 1,724,724 2,519,847 1,793,158 STATE FINANCIAL FISCAL JUNE CITY OF OF IOWA 2010 REPORT YEAR ENDED 30, 2010 TIFFIN , IOWA 16205200900000 TIFFIN CITY OF TIFFIN 201 MAIN STREET PO BOX 259 TIFFIN, IOWA 52340 (Please correct any error in name, address, and ZIP Code) WHEN COMPLETED, PLEASE RETURN TO David A. Vaudt, CPA Auditor of State State Capitol Building Des Moines, IA 50319 -0004 NOTE - The information supplied in this report will be shared by the Iowa State Auditor's Office, the U.S. Bureau of the Census, various public interest groups, and State and federal agencies. ALL FUNDS Item Description Gownme Md (a) Proprietary (b) Total actual (c) Budget (d) Revenue and Other Financing Sources Taxes levied Property tax 314,684 314,684 312111 Less: Uncollected property taxes -levy year 0 0 0 Net current property taxes 314,684 314,684 312,111 Delinquent property taxes 236 236 0 TIF revenues 1,223 293 1223,293 1,233,316 Other city taxes 194,279 0 194,279 209,641 Licenses and permits 0 34,222 34,222 60,000 Use of money and property 0 36,130 36,130 60,000 Intergovernmental 958,991 0 958,991 978,695 Charges for fees and service 0 794,174 794,174 727,000 Special assessments 0 0 0 Miscellaneous 0 9,214 9,214 19,000 Other financing sources 0 0 0 124,000 Total revenues and other sources 2,691,483 873,740 3,565,223 3,723,763 Expenditures and Other Financing Uses Public safety 112,973 34,675 147,648 155,710 Public works 277,885 0 277,885 280,738 Health and social services 0 0 0 0 Culture and recreation 61,409 38,126 99,535 153,000 Community and economic development 15,944 26,739 42,683 55,000 General government 143,832 0 143,832 169,500 Debt service 208,597 0 208,597 119,749 Capital projects 2,007,893 0 2,007,893 1,516,020 Total government activities expenditures 2,828,533 99,540 2,928,073 2,449,717 Business type / enterprises 0 709,364 709,364 839,000 Total ALL expenditures 2,828,533 709,364 3,537,897 3,288,717 Other financing uses, including transfers out 0 0 0 124,000 Total ALL expenditures/And other financing sources 2,828,533 709,364 3,537,897 3,412,717 Excess revenues and other sources over (Under) Expenditures/And other financing uses - 137,050 164,376 27,326 311,046 Beginning fund balance July 1, 2009 956,513 809,319 1,765,832 Ending fund balance June 30, 2010 819,463 973,695 1,793,158 311,046 Not - These Cal 0 held in ran - budgeted it tsmal service held in Private Purpose Trust fux operations. funds; 0 held in Pe 0 0 held in agency funds which were not budgeted and are not available for city Indebtedness at June 30, 2010 Amount - Omit cents Indebtedness at June 30, 2010 Amount - Omit cents General obligation debt $ 755,417 Other long -term debt $ 0 Revenue debt $ 529,000 Short-term debt $ 19,909 TIF Revenue debt $ 936,000 General obligation debt limit $ 6,218,002 CERTIFICATION THE FOREGOING REPORT IS CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF Printed name of city clerk Ruth Demuth Telephone Area Code 319 Number 545 -2572 Extension Signature of Mayor of other City official (Name and Title) Royce W. Phillips, Mayor fo Tiffin Date signed February 13, 2011