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HomeMy Public PortalAboutResolution 2020-01, Approving The Street Financial Report July 1,2018 - June 30, 2019 RESOLUTION NO. 2020 - 01 A RESOLUTION APPROVING THE CITY STREET FINANCIAL REPORT JULY 1,2018 TO JUNE 30,2019. WHEREAS, the City of Riverdale is required to submit an annual financial report regarding street expenses to the State of Iowa, and; WHEREAS,that report was successfully submitted to the State on December 12, 2019 and is attached as Exhibit A. THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RIVERDALE, IOWA That the City Street Financial Report for the year ending June 30, 2019 is approved as submitted. PASSED AND APPROVED on the 14th day of January, 2020 by the following vote: CITY OF RIVERDALE, IOWA chael Bawden, ayor ATTEST: Mary rances Blevins, City Clerk EXHIBIT A �ii IOWADOT City Street Financial Report Form 517007 {5-2019} 12/12/2019 2:12 PM Office of Local Systems Fiscal Year Ames,[A 50010 2019 City Name RIVERDALE 1 of S Cover Sheet • Now therefore let it be resolved that the city council RIVERDALE ,Iowa (City Name) On 01/14/2020 did hereby approve and adopt the annual (month/day/year) City Street Financial Report from July 1, 2018 to June 30, 2019 (Year) (Year) Contact Information Name E-mail Address Street Address city ZIP Code Mary Frances Blevins clerk@riverdaleia.org 110 Manor Drive Riverdale 52722-5726 Hours Phone Extension Phone(Altenative) lOam-5pm Tues,Weds,&Thurs 563-355-2511 563-355-2511 Preparer Information Name E-mail Address Phone Extension Mary Frances Blevins clerk@riverdaleia.org 563-355-2511 Mayor Information Name E-mail Address Street Address city ZIP Code Michael Bawden mayor@riverdaleia.org 110 Manor Drive Riverdale 52722 Phone Extension 563-355-2511 Resolution Number 2020-01 Micheal Bawden Mary Frances Blevins Signature Mayor Signature City Clerk • II (?A3WADOT City Street Financial Report Form 517007 (5-2019} 12/12/2019 2:12 PM Office of Local Systems Fiscal Year Ames,IA 50010 Y019 City Name RIVERDALE 2 of 8 Summary Statement Sheet Column 1 Column 2 Column 3 Column 4 Column 1 Column 2 Column 3 Column 4 Road use Other Street Street Debt Totals Road use Other Street Street Debt Totals Tax Fund Monies Tax Fund Monies Round Figures to Nearest Dollars Round Figures to Nearest Dollars A.BEGINNING BALANCE EXPENSES 1.July 1 Balance $96,810 $50,363 $24.047 $171,220 D.Maintenance 2.Adjustments $2,350 SO SO $2,350 1.RoadWay Maintenance $0 $22,374 $0 $22.374 (Note on Explanation 2.Snow and Ice Removal $8,006' $16,929 $0 $24.9351 Sheet) II 3.Adjusted Balance $99,160 $50 363 $24,047 5173.570 E.Construction, Reconstruction and Improvements 1 B. REVENUES 1.Engineering $0 $0 $0 $0 `' Right of;^: $0 $0 $0 $0 1.Road Use Tax $52.320 $52.320 Way (Purchased 2.Property Taxes $23,583 $290,253 5313.836 3.Street/Bridge $0 $0 $0 $0 3.Special $0 $0 $0 Construction Assessments 4.Traffic Services $0 $6,681 $0 $6.681 4.Miscellaneous $0 SO SO F.Administration $0 $0 $0 $0 5.Proceeds from $0 SO SO G.Equipment $0 $0 $0 $0 Bonds,Notes,and Loans 6.Interest Earned $2.239 SO $2.239 H. Miscellaneous $0 $0 SC 7.Total Revenues $52,320 S25,822 $290,253 $368,395 J.street Debt (Lines B1 thru B6) 1.Bonds,Notes and $0 $0 $285,000 $285.000 Loans-Principal Paid C.Total Funds $151,480 $76,185 $314,300 $541,965 2.Bonds,Notes and $0 $0 $29,300 $29,300 Available Loans-Interest Paid (Line A3+Line B7) TOTALS K.Total Expenses $8,006 $45,984 $314,300 $368,290 (Lines 0 thru J) L.Ending Balance $143,474 530,201 $0 $173.675 (Line C-K) M.Total Funds $151,480 $76,185 $314,300 $541,965 Accounted For(K+L=C) ;J ,`ADOT City Street Financial Report Form 517007 (5-2019} 12/12/2019 2:12 PM Office of Local Systems Fiscal Year Ames, IA 50010 2019 City Name RIVERDAI.F. 3 of 8 Miscellaneous Revenues and Expenses Sheet Code Number and Itemization of Miscellaneous Revenues(Line B4 on the Summary Column 2 Column 3 Statement Sheet)(See Instructions) Other Street Monies Street Debt Line B4 Totals Code Number and Itemization of Miscellaneous Expenses(Line H on the Summary Column 2 Column 3 Statement Sheet)"On street"parking expenses,street maintenance,buildings,insurance, Other Street Monies Street Debt administrative costs for printing,legal fees,bond fees etc.(See Instructions) Line H Totals 1 ' DQT City Street Financial Report Form 517007 15-2019} 12/12/2019 2:12 PM Office of Local Systems Fiscal Year Ames, IA 50010 2019 City Name RIVERDALE 4 of 8 Bonds, Notes and Loans Sheet New Debt Type Debt Purpose DOT Issue Issue %Related Year Principal Total Total Principal Interest Principal Bond? Use Only Date Amount to Street Due Balance Principal Interest Roads Roads Balance as as of 7/1 Paid Paid of 6/30 ❑ General Obligation Street 101 03/01/2012 $2,000,000 100 2021 $665,000 $215,000 $23,025 $215,000 $23,025 $450,000 Improvements ❑ General Obligation Street 102 06/01/2013 $700,000 100 2022 $295,000 $70,000 $6,275 $70.000 $6.275 $225.0001 Improvements New Bond Totals $0 $0 Totals $960,000 $285,000 $29.300 $285.000 $29.300 $675.000 .C41Ui► MDOT City Street Financial Report Form 517007 15-2019} 12/12/2019 2:12 PM Office of Local Systems Fiscal Year Ames, LA 50010 2019 City Name RIVERDALE 5 of 8 Project Final Costs Sheet For construction,reconstruction,and improvement projects with costs equal to or greater than 90%of the bid threshold in effect as the beginning of the fiscal year. Check here if there are no entities for this year ❑✓ Project Final Costs Sheet (Section A) 1.Project Number 2.Estimated Cost 3.Project Type 4.Public Letting? 5.Location/Project Description(limits,length,size of structure) Project Final Costs Sheet (Section B) 1.Project Number 6.Contractor Name 7.Contract 8.Additions/ 9.Labor 10.Equipment 11.Materials 12.Overhead 13.Total Price Deductions QJIOWADOT City Street Financial Report Form 517007 15-2019; 12/12/2019 2:12 PM Office of Local Systems Fiscal Year Ames,IA 50010 2010 City Name RIVERDALE 6 of 8 Road/Street Equipment Inventory Sheet 1. 2. 3. 4. 5. 6. 7.Used On 8. Local Class Model Description Purchase Lease /Unit Rental /Unit Project Status I.D.# Year Cost Cost Cost this FY? aaiihttiADOT City Street Financial Report Form 517007 15-2019: 12/12/2019 Year ell Office of Local Systems Fiscal Year Ames,IA 50010 2019 City Name RIVERDALE 7of8 Explanation Sheet Comments Balance adjustment in RUT is interest posted to Road Use in Fy 19. 4? 0W DOT City Street Financial Report Form 517007 15-2019} 12/12/2019 2:12 PM Office of Local Systems Fiscal Year Ames,IA 50010 2019 City Name RIVERDALE 8 of 8 Monthly Payment Sheet Month Road Use tax Payments July $3,862.40 August $6,123.69 September $5,875.80 October $3,630.20 November $4,540.71 December $4,597.15 January $4,418.83 February $4,379.06 March $3,566.76 April $2,204.19 May $4,882.57 June $4,238.88 Totals $52,320.24