HomeMy Public PortalAbout2023-025 Resolution Approving the City of Riverdale's Annual Budget for FY 2023-2024RESOLUTION 2023-025
RESOLUTION APPROVING THE CITY OF RIVERDALE'S ANNUAL
BUDGET FOR FISCAL YEAR 2023-2024
WHEREAS, the Code of Iowa, Chapter 384, Section 16, requires that all cities prepare and adopt an
annual budget of expenditures and receipts for at least the next fiscal year; and,
WHEREAS, the Clerk shall certify the necessary tax levy for the next fiscal year to the Scott County
Auditor; and,
WHEREAS, the Notice of Public Hearing Budget Estimate was published on March 10, 2023; and,
WHEREAS, the Riverdale City Council did hold a public hearing concerning the budget for the 2023-2024
fiscal year on March 28, 2023; and,
WHEREAS, the Riverdale City Council, after hearing all taxpayers wishing to be heard and considering
the statements made by them, gave final consideration to the proposed budget and any modifications
proposed at the hearing.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RIVERDALE, IOWA,
THAT:
SECTION 1: The budget for the 2023-2024 fiscal year, as attached in the budget forms, is approved.
SECTION 2: The Mayor and Clerk are hereby authorized and directed to execute this resolution.
SECTION 3: The Clerk is directed to submit these forms to the Scott County Auditor on or before April
30, 2023.
ROLL CALL VOTE:
Adams Yea)/ Nay DCamp: eay Nay Halsey: eat Nay Jurgena:(Yea) Nay Littrel: ea/ Nay
Passed and approved this 28th day of March 2023.
APPROVED:
Kevin Adams, Mayor Pro Tem
ATTEST:
City of Riverdale, Iowa
110 Manor Drive, Riverdale, Iowa 52722 (563) 355-2511 1 www.riverdaleia.org
3/5/23, 2:26 PM
Local Government Property Valuation System
NOTICE OF PUBLIC HEARING -- PROPOSED BUDGET
Fiscal Year July 1, 2023 - June 30, 2024
City of: RIVERDALE
The City Council will conduct a public hearing on the proposed Budget at: Riverdale City Hall, 110 Manor Drive Meeting Date: 3/28/2023 Meeting Time:
07:00 PM
At the public hearing any resident or taxpayer may present objections to, or arguments in favor of, any part of the proposed budget. This notice represents a
summary of the supporting detail of revenues and expenditures on file with the City Clerk and County Auditor.
City budgets are subject to protest. If protest petition requirements are met, the State Appeal Board will hold a local hearing. For more information, consult
https://dom.iowa.gov/locat-butjge appeals.
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
8.10001
The estimated tax levy rate per $1000 valuation on Agricultural land is
0
At the public hearing, any resident or taxpayer may present objections to, or arguments in favor of, any part of the proposed budget.
Phone Number City Clerk/Finance Officer's NAME
(563) 355-2511 Ke ly Krell, City Clerk
Budget FY 2024
Re -estimated FY 2023
Actual FY 2022
Revenues & Other Financing Sources
Taxes Levied on Property
1
556,944
406,316
682,420
Less: Uncollected Property Taxes -Levy Year
2
0
0
0
Net Current Property Taxes
3
556,944
406,316
682,420
Delinquent Property Taxes
4
0
0
0
TIF Revenues
5
190,677
28,090
33,778
Other City Taxes
6
184,699
166,020
176,741
Licenses & Permits
7
3,500
4,000
3,611
Use of Money and Property
8
12,809
15,810
6,462
Intergovernmental
9
85,594
69,607
66,765
Charges for Fees & Service
10
213,849
128,950
155,545
Special Assessments
11
0
0
0
Miscellaneous
12
31,500
31,500
16,043'
Other Financing Sources
13
0
0
0
Transfers In
14
699,050
704,067
0
Total Revenues and Other Sources
15
1,978,622
1,554,360
1,141,365
Expenditures & Other Financing Uses
Public Safety
16
139,456
138,051
100,981
Public Works
17
187,550
247,840
120,972
Health and Social Services
18
0
_
0
0
Culture and Recreation
19
99,965
162,921
105,925
Community and Economic Development
20
63,809
17.750
31,735
General Government
21
317,237
322,799
361,179
Debt Service
22
0
0
78,187
Capital Projects
23
593,731
385,000
72,526
Total Government Activities Expenditures
24
1,401,748
1,274,361
871,505
Business Type / Enterprises
25
235,074
57,765
330,940
Total ALL Expenditures
26
1,636,822
1,332,126
1,202,445
Transfers Out
27
_ 699,050
704,067
0
Total ALL Expenditures/Transfers Out
28
2,335,872
2,036,193
1,202,445
Excess Revenues & Other Sources Over (Under) Expenditures/Transfers Out
29
-357,250
-481,833
-61,080
Beginning Fund Balance July 1
30
477,611
959,444
1,020,524
Ending Fund Balance June 30
31
120,361
_
477,611
959,444
https:/idom-localgov.iowa.govfbudget-renderer?id=14731
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City of Riverdale 1/20/2023 8:57
Estimated Fund Balance Worksheet
Audited: June 30, 2023 Jun e 30, 2024
Fund FY22 End Ball FY23 RV FY23 XP Fund Bal Class'- FY24 Prop RV FY24 Prop XP End Fund Bal
OD1- GENERAL FUND
002- GENERAL-FEMA
279,304.50: 737,938 .26 (876,112 .26) 141,130.50 A-GF 688,236.00 (684,398.48) 144,968.03
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 i 47,375.00 (500.00) 170,141.7$ 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 -SRI 133,000 .00 (350,000 .00) 140,007 .94
150- FIRE AWARDS 96.32 I 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-STATESTREETTIF (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 i 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
Debt Service Subtotals
300 -CAPITAL IMPROVEMENT LEVY
301- CAPITAL PROJECTS
302- RO AD REPLACEMENT
303- FIRE EQUIPMENT REPL
304- 2011 CAPITAL PROJECT
Cap Projects Subtotals
610 -SANITARY SEWER
611- SEWER CAPITAL PROJECTS
Proprietary Subtotals
Grand Totals
Less Transfers
79,108.64 0.00 0.00 79,108 .64 D -DS 0.00 0.00 79,108 ,64
79,108.64: 0.00 0.00 79,108.64 0.00 0 .00 79,108.64
147,361.26 70,897.37 (218,258.63) 0 .00 E-CP 83,045.58 (83,045 .58) 0.00
261,863.85: 218,258.63 (385,000.00) 95,122.48 E-CP 414,143 .32 (508,731.00) 534 .80
51,097.74: 0 .00 0.00 51,097.74 E-CP 0.00 (51,097.74) 0.00
92,505. 03 0.00 0 .00 92,505 .03 E-CP 0.00 0.00 92,505.03
0. 00: 0.00 0.00 0 .00 E-CP_ 0 .00 0.00 0 .00
552,827.88
289,156.00 (603,258 .63) 238,725 .25 497,188 .90 (642,874 .32) 93,039 .83
(278, 385.57)
(29,245.61)
(307,631.18)1
939,467. 37
126,538.00 (57,764.54) (209,612.11) I -PRO
0.00 0.00 (29,245.61) I -PRO
126,538.00 (57,764.54) (238,857.72)
1,377,437.23
857, 588.64
(1,851, 975.43)
(1,332,126.84)
464, 832.85
211,849 .00 (235,074.47) (232,837 .58)
0.00 0.00 (29,245.61)
211,849.00 (235,074.47) (262,083 .19)
1,896,434.91 (2,214,042.46) 147,225 .30
1,286,063.08 (1,603,670.63)