HomeMy Public PortalAboutResolutions-2016-034RESOLUTION NO. 2016-034
A RESOLUTION APPROVING THE CITY OF TIFFIN BUDGET AMENDMENT FOR
FISCAL YEAR 2015-2016
Whereas, the City Council of the City of Tiffin, Iowa is responsible to approve and
certify an annual operating budget, and;
Whereas, the City Council is required to stay within the budgetary requirements set
forth by the Department of Management with the State of Iowa, and;
Whereas, the City Council does hereby acknowledge the necessity for a budget
amendment to stay within the State's requirements, and;
Whereas, the City Council of the City of Tiffin hereby acknowledges the attached
Budget Amendment Sheet to be accurate and final,
Now, therefore be it resolved by the City Council of the City of Tiffin, Iowa, that
effective upon receipt of this resolution by the State of Iowa Department of Management
and the Johnson County Auditor, that the fiscal year 2015-2016 budget amendment for
the City of Tiffin be approved.
On the 14th day of June, 2016, at a regular meeting of the Tiffin City Council, Tiffin,
Iowa, Councilperson Ryan introduced Resolution No. 2016-034, A RESOLUTION
APPROVING THE CITY OF TIFFIN BUDGET AMENDMENT FOR FISCAL YEAR
2015-2016 and made a motion for approval. Motion seconded by Councilperson Upton.
Ayes: Bartels, Havens, Ryan, Kahler, Upton
Nays: None
Absent: None
Whereupon five Council members were present and voted approval and Mayor Berner
declared that the Resolution No. 2016-034, A RESOLUTION APPROVING THE CITY
OF TIFFIN BUDGET AMENDMENT FOR FISCAL YEAR 2015-2016 to be adopted and
signified his approval of the same by affixing his signature thereto.
Passed by the City Council on the 14th day of June, 2016.
City of Tiffin
Steven L. Berner, Mayor
ATTEST:
Doug 66ldtLtity Administrator/Clerk
NOTICE OF PUBLIC HEARING
AMENDMENT OF CURRENT CITY BUDGET
Form 653.C1
The City Council of TIFFIN in JOHNSON County, Iowa
will meet at City Hall, 300 Railroad Street, Tiffin, Iowa
at 7:00 p.m. on 6/1412016
(hour) (Date)
,for the purpose of amending the current budget of the city for the fiscal year ending June 30, 2016
(year)
by changing estimates of revenue and expenditure appropriations in the following programs for the reasons
given. Additional detail is available at the city clerk's office showing revenues and expenditures by fund type
and by activity.
Explanation of increases or decreases in revenue estimates, appropriations, or available cash:
............................. ........................ ..........................
.................................................................................
...........................................................................
Fire Department monthly expense. Will use surplus funds to cover. Did not budget enough for Property & Liability
Insurance. Will use surplus funds to cover expense.
There will be no increase in tax levies to be paid in the current fiscal year named above. Any increase in
expenditures set out above will be met from the increased non -property tax revenues and cash balances not
budgeted or considered in this current budget. This will provide for a balanced budget.
Doug Boldt
City Clerk/Finance Officer
Total Budget
as certified
or last amended
Current
Amendment
Total Budget
after Current
Amendment
Revenues & Other Financing Source
Taxes Levied on Property
1
............
........................
............
..................
897,404
.............
.....
0
.. ........
I ... .....
.. _ .......
897,404
Less: Uncollected Property Taxes -Levy Year
2
0
0
6
Net Current Property Taxes
3
897,404
0
897,404
Delinquent Property Taxes
4
0
0
3
TIF Revenues
5
800,000
0
806,000
Other City Taxes
6
64,028
0
64,028
Licenses & Permits
7
439,700
0
439,700
Use of Money and Property
8
47,000
45,767
92.767
Intergovernmental
9
1,520,724
0
1,520,724
Charges for Services
10
1,084,550
0
1,084,550
Special Assessments
11
0
0
0
Miscellaneous
12
92,462
0
92,462
Other Financing Sources
13
7,000,000
0
7,000,000
Tranfers In
14
0
0
0
Total Revenues and Omer bources
1:)
Expenditures & Other Financina Use
Public Safety
16
............
.............
............
.............
............
.............
............
............................................ ...................................
............
........................
....... 266,974
...... .
...........
........................
...........
......................
...........
.............
......... ....
...............
....... 15,767 ...
........... .
..I.........
................
. I......... ..
..........
I ..........
...
.................
11 .......
............
I ... 366,741
Public Works
17
449,321
0
449,32
Health and Social Services
18
0
0
Culture and Recreation
19
180,765
0
180,765
Community and Economic Development
20
283,650
0
283,650
General Government
21
371,500
30,000
401,500
Debt Service
22
786,783
0
786,783
Capital Projects
23
5,445,000
0
5,445,00_0
I ol Uovernment Activities k:xpen ditures
24
Business Type / Enterprises
25
3,013,250
0
3,013,250
Total Gov Activities & 13usiness L:xpen ditures
Zb
Transfers Out
27
0
0
0
Total Expenditures/Transfers Out
28
10.821,243
45,767
10,867,0101
Excess Revenues & Other Sources Over
(Under) Expenditures/Transfers Out for Fiscal Year
29
..... 1,124,625
....
........... 0 .....
...........
1,124,625
. . .......... ... ..........
........................................................
......................... I ..................
........................................................
............... . ....... * ..... . .. .......
........... I ........
........................
........................
........................
............
Beginning Fund Balance July 1
30
2,713,784
0
2,713,784
Ending Fund Balance June 30
31
3,838,409,
0
3,838,409
Explanation of increases or decreases in revenue estimates, appropriations, or available cash:
............................. ........................ ..........................
.................................................................................
...........................................................................
Fire Department monthly expense. Will use surplus funds to cover. Did not budget enough for Property & Liability
Insurance. Will use surplus funds to cover expense.
There will be no increase in tax levies to be paid in the current fiscal year named above. Any increase in
expenditures set out above will be met from the increased non -property tax revenues and cash balances not
budgeted or considered in this current budget. This will provide for a balanced budget.
Doug Boldt
City Clerk/Finance Officer