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HomeMy Public PortalAboutResolutions-2022-056RESOLUTION NO. 2022-056 A RESOLUTION APPROVING THE CITY OF TIFFIN FY 2021-2022 BUDGET AMENDMENT 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 Notice 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 2021-2022 budget amendment for the City of Tiffin be approved. On the 21st day of June, 2022, at a regular meeting of the Tiffin City Council, Tiffin, Iowa, Councilperson Havens introduced RESOLUTION NO. 2022-056, A RESOLUTION APPROVING THE CITY OF TIFFIN FY 2021-2022 BUDGET AMENDMENT and made a motion for approval. Motion seconded by Councilperson Orris. Ayes: Schnedler, Olney, Limkemann, Orris, Havens. Nays: None. Absent: None. Whereupon five Council members were present and voted approval and Mayor Berner declared that the RESOLUTION NO. 2022-056, A RESOLUTION APPROVING THE CITY OF TIFFIN FY 2021-2022 BUDGET AMENDMENT to be adopted and signified his approval of the same by affixing his signature thereto. Passed by the City Council on the 21St day of June, 2022. City of Tiffin even L. Berner, Mayor CITY BUDGET AMENDMENT AND CERTIFICATION RESOLUTION - FY 2022 - AMENDMENT # 1 To the Auditor of JOHNSON County, Iowa: The City Council of TIFFIN in said County/Counties met on 06/21/2022 0'7:00 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 wishinf9 to be heard and considering the statements made by them, gave final consideration to the proposed arnendrrient(s) to the budget and mod'ifecatlons proposed at the hearing, if any, 'Thereupon, the following resolution was introduced, RESOLUTION No. 2022-056 A RESOLUTION AMENDING THE CURRENT BUDGET FOR FISCAL YEAR ENDING JUNE 2022 (AS LAST CERTIFIED OR AMENDED ON 03/30/2021) Be it Resolved by the Council of City of TIFFIN Section 1. Following notice published/posted 06/08/2022 and the public hearing held 06/21/2022 07:00 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 on Property 1 2,527,787 0 2,527,787 Less: Uncollected Delinquent Taxes - Levy Year 2 0 0 0 Net Current Property Tax 3 2,527,787 0 2,527,787 Delinquent Property Tax Revenue 4 0 0 0 TIF Revenues 5 1,610,206 0 1,610,206 Other City Taxes 6 62,063 0 62,063 Licenses & Permits 7 403,730 0 403,730 Use of Money & Property 8 64,800 0 64,800 Intergovernmental 9 296,487 0 296,487 Charges for Service 10 2,470,525 0 2,470,525 Special Assessments 11 0 0 0 Miscellaneous 12 43,100 0 43,100 Other Financing Sources 13 250,000 3,'184,464 3,434,464 Transfers In 14 3,526,646 0 3,526,646 Total Revenues & Other Sources 15 11,255,344 3,184,464 14,439,808 EXPENDITURES & OTHER FINANCING USES Public Safety 16 890,961 0 890,96'1 Public Works 17 6'14,044 100,000 714,044 Health and Social Services 18 0 0 0 Culture and Recreation 19 423,112 100,000 523,'112 Comm aanity and Econornic Development 20 94,845 25,000 119,845 General Gov ernrnent 21 521,075 0 521,0'75 Debt Service 22 1,615,545 377,550 1,993,095 Capital Projects 23 2,063,000 1,578,908 3,641,908 Total Government Activities Expenditures 24 6,222,582 2,181,458 8,404,040 Business Type/Enterprise 25 1358,685 1,577,823 2,936,508 Total Gov Activities & Business Expenditures 26 7,581,267 3,759,281 11,340,548 Transfers Out 27 3,526 646 0 3,526,646 Total Expenditures/Transfers Out 28 1'1,107,913 3,759,281 14,867,194 Excess Revenues & Other Sources Over (Under) Expenditures/Transfers Out 29 147,431 574,897 427,386 Beginning Fund Balance July 1, 2021 30 11,137,676 0 11,137,676 Ending Fund Balance June 30, 2022 31 11,285,107 -574817 10,7'10,290 Explanation of Changes: Purchased ground, refinanced nol:e, an 10 inal town project. All expenses are covered by reserve funds, City Clerk/Ad Signature of Certification 06/21/2022 yor Signature of Certification Adopted On 06/22/2022 08:45 AM Pane 1 of 1