The URL can be used to link to this page

Home My Public Portal About2023-097 Resolution Accepting and Approving the City's FY23 Annual Financial ReportRESOLUTION 2023-097 Resolution Accepting and Approving the City's FY23 Annual Financial Report WHEREAS, the Annual Financial Report for the fiscal year ending June 30, 2023, has been prepared and public notice was published on October 29, 2023, in the Quad City Times, as required by the State of Iowa; and, WHEREAS, Kelly Krell, City Clerk, has prepared a correct and complete Annual Financial Report for the City for the fiscal year ending June 30, 2023, and a copy of the report is attached to and made part of this Resolution; and, WHEREAS, the Annual Financial Report is due by December 1, 2023; and, WHEREAS, the State of Iowa requires Council to approve the Annual Financial Report by Resolution prior to submitting it to the Iowa Department of Management by December 1, 2023. NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Riverdale, Iowa, that: Section 1: The Annual Financial Report for the fiscal year ending June 30, 2023, is accepted and approved. Section 2: The Clerk is authorized to submit the Annual Financial Report to the Iowa Department of Management as soon as possible but no later than December 1, 2023. Passed and approved this 10th day of October 2023. APPROVED: Anthony Heddlesten, Mayor ATTEST: City of Riverdale, Iowa 110 Manor Drive, Riverdale, Iowa 52722 1 (563) 355-2511 1 www.riverdaleia.org STATE OF IOWA 2023 FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 2023 CITY OF RIVERDALE, IOWA DUE: December 1, 2023 16208201600000 CITY OF RIVERDALE 110 Manor Drive RIVERDALE Lk 52722 POPULATION: 379 NOTE - The information supplied in this report will be shared by the Iowa State Auditor's Office, the U.S. Census Bureau, various public interest groups, and State and federal agencies, ALL FUNDS Governmental (a) Proprietary (b) Total Actual (c) Budget (d) Revenues and Other Financing Sources Taxes Levied on Property Less: Uncollected Property Taxes -Levy Year 397.117 397,117 481,317 0 0 0 Net Current Property Taxes 397,117 397,117 481,317 Delinquent Property Taxes TIF Revenues 0 0 0 28,439 28,439 119,200 178,020 Other City Taxes Licenses and Permits 178,536 0 178,536 3,208 0 3,208 4,500 Use of Money and Property Intergovernmental Char acs for Fees and Service 13,853 3,050 16,903 21,500 79,642 32,521 112,163 113,952 70,000 9,403 104,549 325,000 Special Assessments Miscellaneous 0 0 0 0 136,727 0 136,727 31,500 Other Financing Sources 0 0 0 0 Transfers in 875,517 0 875,517 1,080,677 Total Revenues and Other Sources 1,722,442 140,120 1,862,562 2,311,714 Expenditures and Other Financing Uses Public Safety Public Works 98,644 98,644 116,775 248,286 179,437 179,437 Health and Social Services 0 0 0 Culture and Recreation 117,165 117,165 135,062 195,420 Community and Economic Development General Government 8,678 8,678 379,283 379,283 417,106 Debt Service 0 0 0 Capital Projects 200,403 200,403 265,000 Total Governmental Activities Expenditures 983,610 0 983,610 171,630 1,377,649 BUSINESS TYPE ACTIVITIES 171,630 171,630 258,053 Total All Expenditures 983,610 1,155,240 1,635,702 Other Financing Uses Transfers Out 0 0 0 875,517 0 875,517 1,080,677 2,716,379 Total All Expenditures/and Other Financing Uses Excess Revenues and Other Sources Over (Under) Expenditures/and Other Financing Uses 1,859,127 171,630 2,030,757 -136,685 -31,510 -168,195 -404,665 Beginning Fund Balance July 1, 2022 Ending Fund Balance June 30, 2023 995,866 859,181 NOTE - These balances do not include the following, which were not budgeted and are not available for city operations: -310,552 -342,062 685,314 517,119 959,444 554,779 Non -budgeted Internal Service Funds $'ension Trust Funds Private Purpose Trust Funds Agency Funds Indebtedness at June 30, 2023 Amount Indebtedness at June 30, 2023 Amount General Obligation Debt 0 Other Long -Term Debt 0 Revenue Debt 0 Short -Term Debt 0 TIF Revenue Debt 0 • r General Obligation Debt Limit 5,562,999 CERTIFICATION The forgoing report is correct to the best of my knowledge and belief (-tcAnt Si iature of Pr arer Pnnted name of e er Kelly A Krell, City Clerk Signature of Mayor or other City official Name and Title) Publication 9/29/2023 Phone Number 563-355-2511 Date Signed 10/I0/2023 PLEASE PUBLISH THIS PAGE ONLY * * _<< 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 164455 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: 2605 Annual Reports PUBLISHED ON: 09/29/2023 TOTAL AD COST: 162.92 FILED ON: 9/29/2023 ,-)47/' Subscribed and sworn to before me by said affiant this ( day of 20 /DAA/totu• )&tizt-co-a,/ Notary Public in and for Scott County, Iowa IOv [}AMINE GLASCoCK Commission N,7 -')4r 810108 My 0-ri i°, _ },dn Expires April 17, 2024 *** Proof of Publication *** STATE OF IOWA 16206201600000 2023 FINANCIAL REPORT CITY OF RIVERDALE FISCAL YEAR ENDED 110 Manor Drive JUNE 30, 2023 CITY OF RIVERDALE, IOWA DUE: December 1, 2023 RIVERDALE IA 52722 POPULATION: 379 NOTE- The Information supplied in this report will be shared by the Iowa State AudLor's Office, the U.S. Census Bureau, various public interest groups, and Stale and federal agencies. ALL FUNDS Governmental (a) Proprietary (b) Total Actual (c) Budget (d) Revenues and Other Financing Sources Taxes Levied an Property 397,117 397,117 481,317 Less: Uncollected Property Texes•Levy Year 0 0 0 Net Current. Properly Taxes 397,117 397,117 481,317 Delinquent Property Taxes 0 0 0 TIF Revenues 28,439 _ 28,439 119,200 Other City Taxes 178536 0 170,535 178,020 Licenses and Permits 3208 0 3,203 4,00D Use of Money and Property 13,653 3,050 16,903 21,500 Intergovernmental 79,642 32,521 112,163 70,000 Charges for Fees and Service 9,40.3 104,549 113,952 325,000 Special Assessments 0 0 0 0 Miscellaneous 136,727 0 136,727 31,500 Other Financing Sources, Including Transfers in 875,517 0 875,517 1,080,677 TolalRevenues and Other Sources 1,722,442 _ 140,120 1,862,582 2,311,714 Expenditures and Other Financing Uses Public Safety 98,644 98,644 118,775 Public Works 179,437 179,437 248.286 Health and Social Services 0 0 0 Culture and Recreation 117,165 117,165 135,062 Community and Economic Development 5,678 8,678 195,420 General Government _ 379,283 379,283 417,106 Debt Service 0 0 0 Capital Projects 200,403 200,403 265,000 Total Governmental' Activities Expenditures 983,610 0 983.610 1,377,649 Business typaactivities 171,630 171,630 258,053 Total All Expenditures 983,610 171,830 1,155,240 _ 1,635,702 OiherRnancing Uses, including Transfers Dui 875,517 0 875,517 1,080,677 Total Ali Expendilurealand Other Financing Uses 1,859,127 171,630 2,030,757 2,716,379 Excess Revenues and Other Sources Over (Under) Expenditures/and Other Financing Uses -136,685 -31,510 -168,195 404,665 Beginning Fund Balance July 1, 2022 995,869 •310,552 685,314 959,444 Ending Fund Balance June 30, 2023 859,191 -342,062 517,119 554,779 NOTE - These balances du not include the folleveng, which were net budgeted and are not available for cityoaerations: Non•b0dgeled Internal Service Funds Pension Trust Funds Private Purpose Trust Funds Agency Funds Indebtedness at Jvrro 30,2023 Amount Indebtedness at June 30, 2023 Amount General Obligation Dell 0 Other Long -Term Debt 0 Revenue Debt 0 Short -Term Debt 0 TIF Revenue Debt 0 General Obligation Debt Limit 5,552.999