HomeMy Public PortalAbout2023 0124 Budget Workshop Packet
CITY OF RIVERDALE BUDGET WORKSHOP AGENDA
PLACE: Riverdale City Hall, 110 Manor Drive, Riverdale, Iowa
DATE: January 24, 2023 TIME: 5:30 p.m.
A budget workshop of the City Council of Riverdale, Iowa, will be conducted according to the following
order and actions will be considered on the items listed. The notice of this meeting is not considered
final until 24 hours prior to the meeting and may be further modified if 24 hours’ notice is impossible or
impractical for good cause.
In compliance with the Americans with Disabilities Act (ADA) and other applicable federal and state
laws, all public hearings and meetings held or sponsored by the City of Riverdale, Iowa, will be
accessible to individuals with disabilities. Persons requiring auxiliary aids and services should contact
City Hall at (563) 355-2511 five days prior to the hearing or meeting to inform of their anticipated
attendance.
Per Chapter 21 of the Iowa Code, more specifically described in sections 21.3 and 21.8, a member of the
Council may attend the meeting either in-person or by electronic means, as defined in said sections.
1. WELCOME
1.1 Call to order
1.2 Roll call
1.3 Pledge of Allegiance
1.4 Agenda approval
2. PRESENTATION OF BUDGET DATA
3. PUBLIC COMMENT
4. COUNCIL DISCUSSION
5. ADJOURNMENT
1/20/23, 9:08 AM Local Government Property Valuation System
https://dom-localgov.iowa.gov/budget-renderer?id=14731 1/2
NOTICE OF PUBLIC HEARING - CITY OF RIVERDALE - PROPOSED PROPERTY TAX LEVY
Fiscal Year July 1, 2023 - June 30, 2024
The City Council will conduct a public hearing on the proposed Fiscal Year City property tax levy as follows:
Meeting Date: 2/14/2023 Meeting Time: 05:30 PM Meeting Location: Riverdale City Hall, 110 Manor Drive
At the public hearing any resident or taxpayer may present objections to, or arguments in favor of the proposed tax levy. After adoption of the proposed tax levy, the City
Council will publish notice and hold a hearing on the proposed city budget.
City Website (if available)
riverdaleia.org City Telephone Number
(563) 355-2511
Current Year Certified
Property Tax 2022 - 2023
Budget Year Effective
Property Tax 2023 - 2024
Budget Year Proposed Maximum
Property Tax 2023 - 2024
Annual %
CHG
Regular Taxable Valuation 77,957,094 75,882,290 75,882,290
Tax Levies:
Regular General 386,693 386,693 563,426
Contract for Use of Bridge 0 0 0
Opr & Maint Publicly Owned Transit 0 0 0
Rent, Ins. Maint. Of Non-Owned Civ. Ctr.0 0 0
Opr & Maint of City-Owned Civic Center 0 0 0
Planning a Sanitary Disposal Project 0 0 0
Liability, Property & Self-Insurance Costs 0 0 0
Support of Local Emer. Mgmt. Commission 0 0 0
Emergency 0 0 0
Police & Fire Retirement 0 0 0
FICA & IPERS 0 0 0
Other Employee Benefits 0 0 0
Total Tax Levy 386,693 386,693 563,426 45.7
Tax Rate 4.96033 5.09596 7.42500
Explanation of significant increases in the budget:
Levy adjustment to appropriately fund operations and capital needs.
If applicable, the above notice also available online at:
-
*Total city tax rate will also include voted general fund levy, debt service levy, and capital improvement reserve levy.
**Budget year effective property tax rate is the rate that would be assessed for these levies if the dollars requested is not changed in the coming budget year
City of Riverdale
Estimated Fund Balance Worksheet
Audited June 30, 2023 June 30, 2024
Fund FY22 End Bal FY23 RV FY23 XP Fund Bal Class FY24 Prop RV FY24 Prop XP End Fund Bal
001- GENERAL FUND 279,304.50 737,938.26 (876,112.26)141,130.50 A-GF 688,236.00 (684,398.48)144,968.03
002- GENERAL-FEMA 11,250.00 0.00 (11,250.00)0.00 A-GF 0.00 0.00 0.00
General Subtotals 290,554.50 737,938.26 (887,362.26)141,130.50 688,236.00 (684,398.48)144,968.03
110-ROAD USE 123,266.78 47,375.00 (500.00)170,141.78 B-SR 48,322.50 (119,809.20)98,655.08
121-LOCAL OPTION SALES TAX 499,007.94 133,000.00 (275,000.00)357,007.94 B-SR 133,000.00 (350,000.00)140,007.94
150- FIRE AWARDS 96.32 0.00 0.00 96.32 B-SR 0.00 0.00 96.32
Special Rev Subtotals 622,371.04 180,375.00 (275,500.00)527,149.72 181,322.50 (469,809.20)238,663.02
125- STATE STREET TIF (297,763.51)4,752.84 0.00 (293,010.67)C-TSR 67,399.68 0.00 (225,610.99)
126- WELCH FARM TIF 0.00 28,090.00 (28,090.00)0.00 C-TSR 181,886.00 (181,886.00)0.00
145- LMI TIF 0.00 10,587.12 0.00 10,587.12 C-TSR 68,552.83 0.00 79,139.95
TIF Spec Rev Subtotals (297,763.51)43,429.96 (28,090.00)(282,423.55)317,838.51 (181,886.00)(146,471.04)
200-DEBT SERVICE 79,108.64 0.00 0.00 79,108.64 D-DS 0.00 0.00 79,108.64
Debt Service Subtotals 79,108.64 0.00 0.00 79,108.64 0.00 0.00 79,108.64
300-CAPITAL IMPROVEMENT LEVY 147,361.26 70,897.37 (218,258.63)0.00 E-CP 83,045.58 (83,045.58)0.00
301- CAPITAL PROJECTS 261,863.85 218,258.63 (385,000.00)95,122.48 E-CP 414,143.32 (508,731.00)534.80
302- ROAD REPLACEMENT 51,097.74 0.00 0.00 51,097.74 E-CP 0.00 (51,097.74)0.00
303- FIRE EQUIPMENT REPL 92,505.03 0.00 0.00 92,505.03 E-CP 0.00 0.00 92,505.03
304- 2011 CAPITAL PROJECT 0.00 0.00 0.00 0.00 E-CP 0.00 0.00 0.00
Cap Projects Subtotals 552,827.88 289,156.00 (603,258.63)238,725.25 497,188.90 (642,874.32)93,039.83
610-SANITARY SEWER (278,385.57)126,538.00 (57,764.54)(209,612.11)I-PRO 211,849.00 (235,074.47)(232,837.58)
611- SEWER CAPITAL PROJECTS (29,245.61)0.00 0.00 (29,245.61)I-PRO 0.00 0.00 (29,245.61)
Proprietary Subtotals (307,631.18)126,538.00 (57,764.54)(238,857.72)211,849.00 (235,074.47)(262,083.19)
Grand Totals 939,467.37 1,377,437.23 (1,851,975.43)464,832.85 1,896,434.91 (2,214,042.46)147,225.30
Less Transfers 857,588.64 (1,332,126.84) 1,286,063.08 (1,603,670.63)
1/20/2023 8:57
City of Riverdale
Capital Improvements Plan FY24-FY28
Funding
Project FY24 FY25 FY26 FY27 FY28 Total Total
Quiet Zones Study 45,000 45,000 45,000
City Hall Parking Lot 386,231 386,231 386,231
Highway 67 Storm Sewer Intakes 55,500 68,000 46,700 71,500 241,700 241,700
Sewer Rehab Phase 3 150,000 150,000 150,000
Fire Equipment Set-Aside 7,500 37,500 35,500 33,500 114,000 114,000
Quiet Zones Construction 250,000 250,000 500,000 500,000
Haven's Acres Park Shelter, Etc.60,000 60,000 60,000
Bellingham Road Engineering 80,000 80,000 80,000
Bellingham Road Construction 1,040,000 1,040,000 1,040,000
Fenno Alley T-Turnaround 285,400 285,400 285,400
Utility Tractor 50,000 50,000 50,000
VanGundy/Peggy's Park Signage 10,000 10,000 10,000
Crack-Sealing & Pavement Patching 20,000 55,000 20,000 55,000 20,000 170,000 170,000
Office Furniture/Flooring 10,000 10,000 10,000
Community Room Wall-Mounted TV 2,000 2,000 2,000
City Hall Remodel 5,000 60,000 60,000 125,000 125,000
PW Truck 30,000 30,000 30,000
Future Years/Unscheduled
Public Works Property Acquisition 50,000 -
Public Works Shop 800,000
Fieldcrest Drainage
Manor Hill Drainage
Woods Estates Detention Pond Maint
Trail Connections
728,731 385,500 504,200 587,400 1,093,500
3,299,331 3,299,331
Available
Difference
City of Riverdale
Capital Improvements Plan FY24-FY28
Project
Quiet Zones Study
City Hall Parking Lot
Highway 67 Storm Sewer Intakes
Sewer Rehab Phase 3
Fire Equipment Set-Aside
Quiet Zones Construction
Haven's Acres Park Shelter, Etc.
Bellingham Road Engineering
Bellingham Road Construction
Fenno Alley T-Turnaround
Utility Tractor
VanGundy/Peggy's Park Signage
Crack-Sealing & Pavement Patching
Office Furniture/Flooring
Community Room Wall-Mounted TV
City Hall Remodel
PW Truck
Future Years/Unscheduled
Public Works Property Acquisition
Public Works Shop
Fieldcrest Drainage
Manor Hill Drainage
Woods Estates Detention Pond Maint
Trail Connections
General Road Use LOSST Woods TIF Cap Levy 302 Rd Repl Sewer Spec Asses
45,000
296,231 90,000
5,000 185,603 51,097
150,000
114,000
500,000
60,000
80,000
140,000 900,000
285,400
50,000
10,000
170,000
10,000
2,000
125,000
30,000
- 175,000 929,234 720,000 374,000 51,097 150,000 900,000
175,000 1,015,000 720,000 374,000 51,097 150,000 900,000
- - 85,766 - 0 - - -
Funding Source(s)