Fiscal Year 2023 Dollars and Cents Public Information BrochureCity of Dubuque
City Council Meeting
ITEM TITLE:
SUMMARY:
SUGGESTED
DISPOSITION:
Copyrighted
April 18, 2022
Action Items # 7.
Fiscal Year 2023 Dollars and Cents Public Information Brochure
City Manager providing a copy of the Fiscal Year 2023 Dollars and Cents
public information brochure.
Suggested Disposition: Receive and File
ATTACHMENTS:
Description Type
Dollars and Cents FY2023 Supporting Documentation
� DOLLARS
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� AND CENTS
FY2023
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Wcity Portion of Property Taxes
City of Dubuque FY2023
Property Tax Rate
$20
• $9.7169 per thousand dollars assessed value
• Decrease of 1.74% from FY2022 $16
Property
op
Property
from FY2022
from FY2022
Residential
$22.74 more
2.96%
increase
Commercial
$105.40less
3.43%
decrease
Industrial
$131.28less
2.88%
decrease
Multi -Residential
$126.11less
7.20%
decrease
Property
Tax Rate
$9.8890
Property
Tax Rate
$9.7169
% Change
1.74%
decrease
$12
$8
$4
$0
City Property Tax Rate Comparison
$18.97
$16.78 $17.56 $17.83
$14.99 $15•44 $15.73 $16.03
$11.79
$9.72 $9.83 $9.95
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• Highest -ranked city (Waterloo - $18.97) is 95% higher than Dubuque
• Average of other 10 cities ($14.99) is 54% higher than Dubuque
Property taxes are collected by the County and distributed monthly
to the City of Dubuque and other taxing bodies. Property taxes are
distributed among the Dubuque Community School District (45.8%),
City of Dubuque (30.9%), Dubuque County (18.4%), Northeast Iowa
Community College (3%), and independent authorities* (2%).
Property taxes are certified July 1 with the first half due on or before
September 30 and the second half due on or before March 31. For
more information, contact the City Assessor at 563-589-4416.
* "Independent authorities" includes City Assessor, County Hospital
(Sunnycrest Manor), Dubuque County Agriculture Extension, and the
Tuberculosis and Brucellosis Eradication Fund.
How Your Property Tax Rate is Split
FY2022 Consolidated Rate of 31.70847
NICC
2.9%
idependent
1.9%
The City's total budget for
FY2023 is $221,217,069
The City of Dubuque's Fiscal Year (FY) 2023 budget runs from
July 1, 2022, through June 30, 2023. The budget has two
primary components: the operating budget and the capital budget.
The operating budget includes personnel costs and annual facility
operating costs. It is funded primarily through local property and
sales taxes.
The capital budget funds major improvements to City facilities
and infrastructure. The capital budget is supported through
multiple funding sources, including federal and state grants.
GENERAL FUND
Fiscal Year 2023 City Budget
Major Funds
.
General Fund
$7,,704,876
$4,501,410
Water Fund
$8,912,677
$4,826,753
Sanitary Sewer Fund
$11,918,578
$8,953,440
Stormwater Fund
$4,978,442
$5,382,944
Refuse
$3,843,571
$543,994
Parking
$2,864,506
$85,231
The general fund is the operating fund for general City departments and their programs/services,
such as public safety, culture & recreation, health & social services, and general government.
How General Fund Money is Spent
Description
Portion of General Fund
Public Safety
(fire, police, ambulance services, 9-1-1 dispatch, animal control, building
41.7%
inspections, crime prevention, emergency management, flood control, etc.)
Culture & Recreation
(AmeriCorps, arts & cultural affairs, civic center, conference center, library,
18.1%
marina, parks, recreation, etc.)
General Government
(city attorney & legal services, city clerk, city council, city hall & general
14.5%
buildings, city manager, finance, information services, etc.)
Public Works
(airport, maintenance of streets, bridges, and sidewalks; snow removal,
8 4%
street cleaning, street lighting, traffic control, etc.)
(economic development, housing and community development, neighborhood
o
6.2/o
Community & Economic
Development
development, planning and zoning, etc.)
Capital Projects
(City infrastructure improvements or major equipment purchases)
5.4%
Transfers Out
(to funds other than General Fund)
3.9%
Health & Social Services
(community health, health regulation and inspection, human rights, etc.)
1.3%
Debt Service
(government capital projects, tax -increment financing [TIF] capital projects)
0.4%
General Fund Reserve Projections
The City maintains a general fund reserve,
or working balance, to allow for unforeseen
expenses that may occur. The goal is to
have at least a 20% reserve.
WHAT'S INCLUDED
IN YOUR MONTHLY
UTILITY BILL?
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Rate
LargestUtility
Ranking Among Iowa's
Water
Avg. household rate: $33.18 / month*
2nd Lowest
(5% increase increase from FY2022)
(Highest, West Des Moines, is 26% higher than
Dubuque, and average is 8% higher than Dubuque)
Sanitary Sewer
Avg. household rate: $47.42 / month***
4th Highest
(9% increase from FY2022)
(Highest, Davenport, is 40.8% higher than Dubuque,
and average is 10% lower than Dubuque)
Curbside Collection
Basic rate: $15.38 / month
4th Lowest
(trash and recycling)
(no change from FY2022)
(Highest, Ames, is 89% higher than Dubuque,
Y.�
Curbside recycling collection is no extra charge.
and average is 26.5% higher than Dubuque)
Stormwater
Avg. household rate: $9.00 / month**
2nd Highest
(1.69% increase from FY2022)
(Highest, Des Moines, is 72.1% higher than Dubuque,
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and average is 29.2% lower than Dubuque)
*Average household rate based on 6,000 gallons per month at $0.00553 per gallon
**Monthly rate for majority of Dubuque households based on usage of one single family unit. Stormwater fees are based on the amount of impervious ground
coverage on a property. Fees collected are only used for stormwater management activities such as the construction, maintenance and operation of the public
stormwater management system.
***Average household rate based on 6,000 gallons per month at $0.00790 pergallon. The City's wastewater collection and treatment system operates as a
self-supporting enterprise fund which means that it is funded only with revenue from user fees.
Reduced Fees for Income -
Eligible Residents
The City offers income -qualified residential customers a
reduction in monthly fees for water, sanitary sewer, refuse
collection, and stormwater utilities. Customers must
submit an application for consideration. Applications are
renewed on an annual basis.
LEARN MORE
www.cityofdubuque.org/UtilityBilling or 563-589-4144
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$350
$300
$250
$200
$150
$100
$50
$0
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
100%
90%
8o i°
70 %
60 %
50%
40 %
30 %
20%
10%
0%
Total Debt (in millions)
(Adopted FY2023 Budget)
Debt is being issued each year, but more is being retired than is issued.
FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30
Statutory Debt Limit Used
(Adopted FY2023 Budget)
90% This chart shows the percentage of statutory debt limit in the
Fiscal Year (FY) 2023 recommended budget. By FY2027, the
City will be at 32% of the statutory debt limit.
41%
■ 32%
(FY2023 Adopted)
FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27
Comparison of Statutory Debt Limit Utilized
(FY2021)
62% 61%
54% 53% 51% 50%
41%
33%
� 259/6 20% 19%
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The City of Dubuque's use of
debt can be compared to many
average homeowners who borrow
to buy their home. The City has
borrowed money at low interest
rates to invest in infrastructure.
Unlike the federal government,
the City does not borrow money
to cover operating expenses.
# Project Description and Amount Outstanding
1 Stormwater Improvements
$76,527,913
2 Water & Resource Recovery Center
$57,395,000
3 Water Improvements
$30,069,008
4 Parking Improvements
$23,769,184
5 Downtown TIF Incentives/Improvements $20,177,588
6 Sanitary Sewer Improvements
$13,301,860
7 TIF Rebates/Bonds to Businesses
$8,216,815
8 Industrial Park Expansions
$6,412,953
9 Caradco Building Iowa Finance
Authority Loan
10 Street Improvements*
Total
$3,470,309
$2,941,387
$242,283,017
* $162 million has been spent on street improvements from 1997-2021
CM028-040522