HomeMy Public PortalAbout2024 0227 Budget Workshop HandoutsDec-23
1
Form 635.1 Department of Management
Adoption of Budget and Certification of City Taxes 82-785
The City of: County Name:
Telephone Number Signature
January 1, 2023 Property Valuations
With Gas & Electric Without Gas & Electric Last Official Census
Regular 2a 2b
DEBT SERVICE 3a 3b
Ag Land 4a
CONSOLIDATED GENERAL FUND LEVY CALCULATION
CGFL Max Rate CGFL Max Dollars Non-TIF Taxable w/ GE Taxable Growth %
FY 2023-2024 Budget Data $7.42501 $557,923 75,141,087 20.78%
Limitation Percentage 3%
CGFL Max Rate CGFL Max Dollars Revenue Growth %
CGFL for FY 2024-2025 $7.20874 $654,219 17.26%
TAXES LEVIED
(A)(B)(C)
Code Dollar Request with Property Taxes
Sec.Limit Purpose Utility Replacement Levied Rate
384.1 7.20874 Combined General Fund 5 654,219 610,027 43 $7.20874
(384)Non-Voted Other Permissible Levies
12(10)0.95000 Opr & Maint publicly owned Transit 7 0 0 45 0
12(14)0.27000 Aviation Authority (under sec.330A.15)11 0 0 49 0
12(17)Amt Nec Liability, property & self insurance costs 14 64,056 59,729 52 $0.70582
12(21)Amt Nec Support of a Local Emerg.Mgmt.Comm.462 0 0 465 0
(384)Voted Other Permissible Levies
28E.22 1.50000 Unified Law Enforcement 24 0 0 62 0
Total General Fund Regular Levies (5 thru 24)25 718,275 669,756
384.1 3.00375 Ag Land 26 0 0 63 0
Total General Fund Tax Levies (25 + 26)27 718,275 669,756 Do Not Add
Special Revenue Levies
384.6 Amt Nec Police & Fire Retirement 29 0 0 0
Amt Nec FICA & IPERS (if general fund at levy limit)30 43,685 40,734 $0.48136
Rules Amt Nec Other Employee Benefits 31 0 0 0
Total Employee Benefit Levies (29,30,31)32 43,685 40,734 65 $0.48136
Valuation
386 As Req With Gas & Elec Without Gas & Elec
SSMID 1 (A)(B)34 0 66 0
SSMID 2 (A)(B)35 0 67 0
SSMID 3 (A)(B)36 0 68 0
SSMID 4 (A)(B)37 0 69 0
SSMID 5 (A)(B)555 0 565 0
SSMID 6 (A)(B)556 0 566 0
SSMID 7 (A)(B)1177 0 ###0
SSMID 8 (A)(B)1185 0 ###0
Total Special Revenue Levies 39 43,685 40,734
384.4 Amt Nec Debt Service Levy 76.10(6)40 81,456 40 76,606 70 $0.79111
384.7 0.67500 Capital Projects (Capital Improv. Reserve)41 61,259 41 57,121 71 $0.67500
Total Property Taxes (27+39+40+41)42 904,675 42 844,217 72 $9.86203
Riverdale SCOTT
Attached is Long Term Debt Schedule Form 703 which lists any and all of the debt service obligations of the City.
102,963,928 96,833,627
The below-signed certifies that the City Council, on the date stated above, lawfully approved the named resolution adopting a budget for next fiscal year, as summarized on this and the supporting pages.
84,623,254 379
CITY BUDGET DRAFR WORKPAPER - NOT FOR PUBLICATION
0
90,753,555
DRA
F
T
General Fund $743,274
43.7%
TIF Special Revenues $307,028
18.1%
Proprietary (Sewer) $270,000
15.9%
Special Revenues $233,725
13.8%
Debt Service $82,892
4.9%
Capital Projects $62,339
3.7%
Revenue by Fund
Total $1,699,258
Property Taxes $844,217
49.7%
TIF Revenue $307,028
18.1%
Proprietary (Sewer) $270,000
15.9%
LOST $140,000
8.2%
Utility Tax Repl $60,485
3.6%
Road Use Tax $49,270
2.9%
Revenue by Type
Total $1,699,258
Bank Interest $5,000
<1%
Com/Ind Repl Tax $15,945
<1%
Other Fees & Charges for Services $6,340 <1%
(not shown)
Donations $1,000
<1%
001 Gen Fund $942,446
48.8%
126 Welch TIF $307,028
15.9%
610 Sewer $170,985
14%
110 RUT $210,260
10.9%
200 Debt Svc $81,457
4.2%
302 Cap Imp Streets $100,000
3.2%
Expenses by Fund
Total $1,871,533
611 Sewer Capital Projects $59,357
3%
Public Works $768,250
41%
Welch Farms TIF $307,028
16.4%
Clerk's Office $197,220
10.5%
Sewer $170,985
9.1%
Expenses by Department
Total $1,871,533
Debt Service $81,457
4.4%
General Government $153,181
8%
Mayor/Council
$38,880
2%
Sewer Capital Projects $59,357
3%Fire $95,175
5%
Revenues $1,699,258
Expenses $1,871,533
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
FY25 Revenues vs. Expenses
Results in $172,275 budget deficit.
PW Truck $30,000
14%
Parks Maint Set-Aside $30,000
14%
Parks Grants Set-Aside $30,000
14%
Gen Gov Grants Set-Aside $30,000
14%
City Hall Security Upgr $25,000
11.7%
Playground Equip $20,000
9.4%
Peggy's Park Shelter $20,000
9.4%
Chamber Furn-A/V $13,000
6.1%
New Copier $5,981
2.8%
Suggested Expense Reductions
Total $213,715
Computer Upgrades $9,734 5%
Budget Expenses
FY19 FY20 FY21 FY22 FY23$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
Fire Department
FY19 - FY23 Budgets and Expenses
FY19-23 Budget Avg $108,136
FY19-23 Expenses Avg $89,902 FY25 Request $126,473
FY25 Recommendation $95,175
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
Fire Department
Budget & Expenses Average and FY25 Request & Recommendation