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Home My Public Portal About2023-102 Resolution Accepting and Approving a FY24 Budget Amendment453.1950 i RESOLUTION 2023-102 Resolution Accepting and Approving a FY24 Budget Amendment WHEREAS, the City has a need to amend its budget based on over -estimated revenues and budgets; and, WHEREAS, staff has proposed a budget amendment that corrects the over -estimations utilizing the Iowa Department of Management's website; and, WHEREAS, a budget amendment public hearing was advertised in the Quad City Times on October 26, 2023; and, WHEREAS, a budget amendment public hearing was held on November 14, 2023; and, WHEREAS, City Council has reviewed and discussed the budget amendment and recommends its passage. NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Riverdale, Iowa, that: Section 1. The budget amendment published in the Quad City Times on October 26, 2023, and reviewed and discussed in a public hearing on November 14, 2023, is hereby approved. Section 2. The Clerk is directed to file the budget amendment with the Scott County Auditor in a timely fashion. Section 3. The Clerk is directed to submit the budget amendment on the Iowa Department of Management's website in a timely fashion. Passed and approved this 14th day of November 2023. APPROVED: Anthony Heddlesten, Mayor ATTEST: Uut Kelly Krell, City of Riverdale, Iowa 110 Manor Drive, Riverdale, Iowa 52722 1 (563) 355-2511 1 www.riverdaleia.org CITY BUDGET AMENDMENT AND CERTIFICATION RESOLUTION - FY 2024 - AMENDMENT # 1 To the Auditor of SCOTT County, Iowa: The City Council of RIVERDALE in said County/Counties met on 11114/2023 06:00 PM, at the place and hour set in the notice, a copy of which accompanies this certificate and is certified as to publication. Upon taking up the proposed amendment, it was considered and taxpayers were heard for and against the amendment. The Council. after hearing all taxpayers wishing to be heard and considering the statements made by them, gave final consideration to the proposed amendment(s) to the budget and modifications proposed at the hearing, if any. Thereuponthe following resolution was introduced. RESOLUTION No. 2023-102 A RESOLUTION AMENDING THE CURRENT BUDGET FOR FISCAL YEAR ENDING JUNE 2024 (AS LAST CERTIFIED OR AMENDED ON 03/2812023) Be it Resolved by the Council of City of RIVERDALE Section 1. Following notice published/posted 10/26/2023 and the public hearing held 11/1412023 06:00 PM the current budget (as previously amended( is amended as set out herein and in the detail by fund type and activity that supports this resolution which was considered at the hearing: REVENUES & OTHER FINANCING SOURCES Total Budget as Certified or Last Amended Current Amendment Total Budget After Current Amendment Taxes Levied an Property 556.944 0 556,944 Less: Uncollected Delinquent Taxes - Levy Year 2 0 0 0 Net Current Property Tax 3 556,944, 0 556,94-' Delinquent Property Tax Revenue 4 0 0 0 TIF Revenues 5 190,677 57,497 248,174 Other City Taxes 6 184,699 9.000 193,699 ic?i,sr; & Permits 7 3,500 490 3,990 'ey & Property 8 12,809 -3.579 9,23c rgovernmental 85,594 4,635 90.222 for Service 713,849 -86,149 1rsessments _ 0 0 s 31,500 -17.390 1 .: Other F Sources 0 215,000 215.000 Transfers In - .199,050 -342,140 356 _ ' - Total Revenues & Other Sources ' ::,7 4')2 13? 176 1,815 EXPENDITURES & OTHER FINAM:;, Public Safety 16 139,456 '36 124.220 Public Works 17 187,550 --5,830 161 - - Health and Social Serjrn '- 16 0 0 Culture and Recreatiol 99,965 16,010 Community and Economic Develop 20 63,809 20,505 Gei' ,' -,vernm "9 21 317,237 -6.937 31+) -- Der. '. - 22 0 41.180 41 Ca 23. 593,731 -37.508 558 T c Jiver ntActivities Expen ,_ _ 24 1,401,74'8 -7.816 1 392 Bus ,:as TypeiEnterprise 25 235,074 138.396 ' Total Gov Activities & Business Expenditures . _ 1,636,822 130,580 Transfers Out 699,050 -342,140 Total Expenditures/Transfers Out _. '335,872 -211,560 2,124.312 Excess Revenues & Other Sources Over (Under) Expenditures/Transfers Out 29 -357,250 48,424 -308 82ip Beginning Fund Balance July 1. 2023 30 477.611 195.849 673.460 Ending Fund Balance June 30, 2024 31 120,361 244,273 364.63L Explanation of Changes: Receiving proceeds for the Sanitary Sewer Phase lit project: adjusting for over and undgc@stimated expenses and revenues. )cruk City Clerk/AcJ.rniiistrator Signature of Certification 11/14/2023 Adopted On Mayor Signature of Certification 11/15/2023 02:43 PM Paae 1 of 1 *** Proof of Publication *** Notary Public in and for Scott County, Iowa 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 168103 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: 10/26/2023 TOTAL AD COST: 186.74 FILED ON: 10/26/2023 Subscribed and sworn to before me by said affiant this C day of lv /Z S• 20 . Iow1. DANJNE GLASCQC Comrnissipn Number 810108 My Commission Expires April 17, 2024 *** Proof of publication *** NOTICE OF PUBLIC HEARING - AMENDMENT OF CURRENT BUDGET City of RIVERDALE Fiscal Year July 1, 2023 - June 30, 2024 The City of RIVERDALE will conduct a public hearing for the purpose of amending the current budget for fiscal year ending June 30, 2024 Meeting Date/Time: 11/14/2023 06:00 PM Contact Ke4iy Krell Phone: (563) 355-2511 Meeting Location: Community Room, City Hall, 110 Manor Drive, Riverdale, IA 52722 There will be no increase in taxes. Any residents or taxpayers will be heard for or against the proposed amendment at the time and place specified above. A detailed statement of: additional receipts, cash balances on hand at the close of the preceding fiscal year, and proposed disbursements, both past and anticipated, will be available at the hearing. Budget amendments 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/local-gov-appeals. REVENUES & OTHER FINANCING SOURCES Total Budget as Certified or Last Amended Current Amendment Total Budget After Current Amendment Taxes Levied on Property 1 556,944 0 556,944 Less: Uncollected Delinquent Taxes - Levy Year 2 0 0 0 Net Current Property Tax 3 556,944 0 556,994 Delinquent Property Tax Revenue 4 0 0 0 TIF Revenues 5 190,577 57,497 248,174 Other City Taxes 6 184,699 9,000 193,699 Licenses & Permits 7 3,500 490 3,990 Use of Money & Property 8 12,809 -3,579 9,230 Intergovernmental 9 85,594 4,635 _ 90,229 Charges for Service 10 213,849 -86,149 127,700 Special Assessments 11 0 0 0 Miscellaneous 12 31,500 -17,890 13,610 Other Financing Sources 13 0 215,000 215,000 Transfers In 14 699,050 -342,140 356,910 Total Revenues & Other Sources 15 1,978,622 -163,136 1,815,486 EXPENDITURES & OTHER FINANCING USES _Public Safety _ 16 139,456 -15,236 124,220 Public Works 17 187,550 -25,830 161,720 Health and Social Services 18 0 0 0 Culture and Recreation 19 99,965 16,010 115,975 Community and Economic Development 20 63,809 20,505 84,314 GeneralGovernment 21 317,237 -6,937 310,300 Debt Service 22 0 41,180 41,180 Capital Projects 23 593,731 -37,508 556,223 Total Government Activities Expenditures 24 1,401,748 -7,816 1,393,932 Business Type/Enterprise 25 235,074 138,396 373,470 Total Gov Activities & Business Expenditures 26 1,636,822 130,580 1,767,402 Transfers Out 27 699,050 -342,140 356,910 Total ExpendlturesfTiransfsrs Out 28 2,335,872 -211,560 2,124,312 Excess Revenues & Other Sources Over (Under) Expenditures/Transfers Out 29 357,250 48,424 308,826 Beginning Fund Balance July 1, 2023 30 477,611 195,849 673,460 Ending Fund Balance June 30, 2024 31 120,361 244,273 364,634 Explanation of Changes: Receiving proceeds for the Sanitary Sewer Phase ill project; adjusting for over and under estimated expenses and revenues. Explanation of oranges: receiving pr•' '- •• . ,• and under estimated expenses and revenues. Himkovo (14,-