HomeMy Public PortalAboutResolution 2020-73, Approve The Annual Street Financial Report July 1, 2019 To June 30, 2020 For DOTflo
RESOLUTION 2020-73
A RESOLUTION APPROVING AND ADOPTING THE ANNUAL CITY STREET FINANCIAL REPORT
FROM JULY 1, 2019 TO JUNE 30, 2020 FOR THE IOWA DEPARTMENT OF TRANSPORTATION
WHEREAS, the City Council of the City of Riverdale ("City") acknowledges that it is the
recipient of State of Iowa Road Use Tax Funds for use in maintaining its roads and
streets, pursuant to the Iowa Code Chapter 312; and,
WHEREAS, the City is annually required to prepare and file a City Street Financial Report
showing receipts, uses and balances; and,
WHEREAS, the Deputy City Clerk has prepared the online filing of said report (ref.
Attachment "A") and upon approval by the City Council, will file it electronically under
this Resolution number.
NOW THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF RIVERDALE,
SCOTT COUNTY, IN THE STATE OF IOWA:
That the City Council does hereby approve and adopt this annual report effective with
the passage and approval of this Resolution.
Passed and approved this 8th day of September 2020.
APPROVED ATTEST
r
Michael Bawden, Mayor
Katie En oe, Deputy City Clerk
Street Finance Report for Riverdale 2020
Expenses
General
Fund
Streets
(001)
SpecialRevenues
Debt
Service
(200)
Capital
Projects
(300)
Utilities
(600 & Up)
Grand
Total
Road
Use
(110)
Other
Salaries - Roads/Streets
$6,370
$40
$6,410
Benefits - Roads/Streets
$1,068
$146
$1,214
Building & Grounds Maint. & Repair
$1,485
$1,485
Other Maintenance and Repair
$1,207
$1,207
Other Contract Services
5274,983
$274,983
Principal Payment
$295,000
$295,000
Interest Payment
$20,913
$20,913
Bond Registration Fees
$1,000
$1,000
Street Lighting
$7,380
$7,380
Traffic Control/Safety
$13,931
513,931
Snow Removal
$10,801
$2,531
$13,332
Street Cleaning
$537
5537
Total
542,779
52,717
$0
5316,913
$274,983
$0
$637,392
Street Finance Report for Riverdale 2020
Revenues
General
Fund
Streets
(001)
SpecialRevenues
Debt
Service
(200)
Capital
Projects
(300)
Utilities
(600 & Up)
Grand
Total
(110)
Road
Use
Other
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Interest
$2,003
$12,758
$14,761
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Total
$42,779
$54,061
$0 $338,161
$12,758
$0
$447,759
Street Finance Report for Riverdale 2020
Bond/Loan
Description
General
Obligation -
Street
Jmprovemeri
is
General
Obligation -
Street
lmprovemen
is
Principal
Balance
As of 7/1
$450,000
Total
Principal
Paid
$220,000
Total
Interest
Paid
$16,038
Principal
Roads
$220,000
Interest
Roads
$16,038
Principal
Balance
As of 6/30
$150,000
$230,000
Street Finance Report for Riverdale 2020
Description (Model Year
Usage Type
Cost
Purchased Status
No equipment found
Street Finance Report for Riverdale 2020
Project Description
Contract Price
Final Price
Contractor Name
No projects found
Street Finance Report for Riverdale 2020
SummaryUtilities
General
Fund
Streets
(001)
SpecialRevenues
Debt
Service
(200)
Capital
Projects
(300)
(600 & Up)
Grand
Total
Road
Use
(110)
Other
Begining Balance
�
K,
yat L
� r
; ~g�
;574
3:4101:
,L
oi
;,
.�. �":�.
�
,.
3 �.�
Expense
$42,779
$2 717
$316,913
$274,983
... ,
$637,392
Re lii a
� 44icr
> 0*
a
JVPV
'� I
i"' ' S A. '
*`,."
'-
`$447,7'59
Ending Balance
$194,818
$51,098
$62,027
-$244,975
$62,968
Resolution Number: 2020 72
Execution Date: 9/8/2020
Signature: Katie J Enloe