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Home My Public Portal About2023 0214 Budget and Max Levy Hearing Packet RIVERDALE BUDGET & MAXIMUM LEVY PUBLIC HEARING AGENDA PLACE: Riverdale City Hall, 110 Manor Drive, Riverdale, Iowa DATE: February 14, 2023 TIME: 5:30 p.m. A meeting 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 (5) 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 21.2 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 2. CALL TO ORDER 3. ROLL CALL 4. PLEDGE OF ALLEGIANCE 5. OPEN PUBLIC HEARING 6. PRESENTATION OF PROPOSED FY23 BUDGET & MAXIMUM LEVY 7. QUESTIONS/COMMENTS FROM THE AUDIENCE 8. QUESTIONS/COMMENTS FROM COUNCIL 9. CLOSE PUBLIC HEARING 10. ADJOURNMENT *** Proof of Publication *** STATE OF IOWA SCOTT COUNTY, } ss. The undersigned, being first duly sworn, on oath does say that he/she is an authorized employee of THE QUAD -CITY TIMES, morning edition, a daily newspaper printed and published by Lee Enterprises, Incorporated, in the City of Davenport, Scott County, Iowa, and that a notice, a printed copy of which is made a part of this affidavit, was published in said THE QUAD -CITY TIMES, on the dates listed below. CITY OF RIVERDALE Kelly Krell 110 Manor Drive Riverdale, IA 52722 ORDER NUMBER 146729 The affiant further deposes and says that all of the facts set forth in the foregoing affidavit are true as he/she verily believes. Section: Notices & Legals Category: 2627 Miscellaneous Notices PUBLISHED ON: 02/01/2023 TOTAL AD COST: 146.54 FILED ON: 2/2/2023 Subscribed and sworn to before me by said affiant this 9 day of b(U'ft 20X3. Yl'UO\-Je- Notary Public in and for Scott County, Iowa NOTICE OF PUBLIC HEARING - CITY OF RIVERDALE - PROPOSED PROPERTY Fiscal Year July 1, 2023 - June 30, 2024 The City Council will conduct a public hearing on the proposed Fiscal Year City property levy as follows: Meeting Date: 2/14/2023 Meeting Time: 05:30 PM Meeting Location: Riverdale City 110 Manor Drive At the public hearing any resident or taxpayer may present objections to, or arguments of the proposed tax levy. After adoption of the proposed tax levy, the CityCouncil will notice and hold a hearing on the proposed city budget. City Website (if available) City Telephone www.riverdaleia.orq (563, TAX LEVY tax Hall, in favor publish Number 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. )0XX. 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 SHERRIE KILTS Commission Number 772917 My Commission Expires May 9, 2024 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)