The URL can be used to link to this page

Set Public Hearing on FY 2025 City Budget_Initiate Copyrighted April 4, 2024 City of Dubuque Items to be set for Public Hearing # Special Meeting 01. ITEM TITLE: Set Public Hearing on FY2025 City Budget SUM MARY: City Manager recommending setting the public hearing on the Fiscal Year 2025 City budget, operating and capital improvement program, for the City of Dubuque forApril 15, 2024. RESOLUTION Setting the Date for the Public Hearing on the Fiscal Year 2025 Budget for the City of Dubuque RESOLUTION Setting the Date for the Public Hearing on the Five-Year Capital Improvement Program for Fiscal Years 2025 Through 2029 for the City of Dubuque SUGGESTED Receive and File;Adopt Resolution(s), Set Public Hearing forApril 15, DISPOSITION: 2024Suggested Disposition: ATTACHMENTS: Description Type MVM Memo City Manager Memo Staff Memo Staff Memo Resolution Resolutions CIP Resolution_Uploaded 4.4.24 Supporting Documentation Notice of Public Hearing_Uploaded 4.4.24 Supporting Documentation Dubuque THE CTTY OF � D R All-llmerica City U L/ L rynix?tiau4 . � I ��:� � � Maste iece on the Mississi i z°°'�z°lZ.z°13 �P pp zoi�*zo�g TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Set Public Hearing on Fiscal Year 2025 City Budget DATE: April 3, 2024 Chief Financial Officer Jennifer Larson recommends that the City Council set a public hearing for April 15, 2024, on the Fiscal Year 2025 City budget, operating and capital improvement program, for the City of Dubuque. I concur with the recommendation and respectfully request Mayor and City Council approval. �Jr/'+�'� �tv�r Michael C. Van Milligen MCVM/jml Attachment cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Jennifer Larson, Chief Financial Officer Dubuque THE CTTY OF � D R All-llmerica City U L/ L rynix?tiau4 . � I ��:� � � Maste iece on the Mississi i z°°'�z°lZ.z°13 �P pp zoi�*zo�g TO: Michael C. Van Milligen, City Manager FROM: Jennifer Larson, Chief Financial Officer SUBJECT: Set Public Hearing on FY 2025 City Budget DATE: April 3, 2024 INTRODUCTION The purpose of this memorandum is to submit two resolutions setting the public hearing in connection with the adoption of the Fiscal Year 2025 City budget. The publication of official notices for the public hearing will be published to meet lowa Code minimum publication requirements. DISCUSSION The public hearing on the Fiscal Year 2025 City budget will be conducted in the City Council Chambers at 350 W. 6t" St and virtually at 6:30 p.m. on Monday, April 15, 2024. The public hearing will also cover the adoption of the Five-Year Capital Improvement Program for Fiscal Years 2025-2029. The final budget approval cannot exceed the maximum property tax resolution for Fiscal Year 2025 adopted by City Council at the March 7, 2024 public hearing. State law requires a public hearing on the Operating Budget and the Five-Year Capital Improvement Program. ACTION STEP The action step is for City Council to adopt the two resolutions setting the public hearing on the Fiscal Year 2025 City budget, operating and capital improvement program, for the City of Dubuque. JML Attachments cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager RESOLUTION NO. -24 SETTING THE DATE FOR THE PUBLIC HEARING ON THE FISCAL YEAR 2025 BUDGET FOR THE CITY OF DUBUQUE Whereas, lowa Code Section 384.16 provides that the City Council shall set a time and place for a public hearing on the Fiscal Year 2025 budget before the final budget certification date and shall publish notice before the hearing as provided in lowa Code Section 384.16. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the City Council shall conduct a public hearing on the proposed Fiscal Year 2025 budget for the City of Dubuque in the City Council Chambers and virtually on Monday, April 15, 2024, beginning at 6:30 p.m. Passed, approved and adopted this 4th day of April 2024. Brad M. Cavanagh, Mayor Attest: Adrienne N. Breitfelder, City Clerk Prepared by Jennifer Larson, Chief Financial Officer, 50 W. 13th St., Dubuque, IA 52001, (563)589-4322 Return to Adrienne N. Breitfelder, City Clerk, 50 W. 13th St., Dubuque, IA 52001, (563)589-4100 RESOLUTION NO. 79-24 SETTING THE DATE FOR THE PUBLIC HEARING ON THE FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM FOR FISCAL YEARS 2025 THROUGH 2O29 FOR THE CITY OF DUBUQUE Whereas, a proposed Five-Year Capital Improvement Program for the City of Dubuque for Fiscal Years 2025 through 2029 has been prepared and submitted to the City Council; and Whereas, the capital projects for the first year of the program are included in the Fiscal Year 2025 budget for the City of Dubuque; and Whereas, it is deemed to be in the best interest of the City of Dubuque to conduct a public hearing and adopt the five-year Capital Improvement Program simultaneously with the public hearing and adoption of the Fiscal Year 2025 budget for the City of Dubuque. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the City Council shall conduct a public hearing on the five-year Capital Improvement Program for Fiscal Years 2025 through 2029 in the City Council Chambers and virtually on Monday, April 15, 2024, beginning at 6:30 p.m. Passed, approved and adopted this 4" day of April 2024. Brad M. Cavanagh, Mayor Attest: Adrienne Breitfelder, City Clerk 4/3/24,8:44 PM Local Government Property Valuation System NOTICE OF PUBLIC HEARING--PROPOSED BUDGET Fiscal Year July 1,2024-June 30,2025 City of: DUBUQUE The City Council will conduct a public hearing on the proposed Budget at: City Council Chambers,350 W 6th St.Meeting Date: 4/15/2024 Meeting Time: 06:30 PM At the public hearing any resident or taxpayer may present objections to,or arguments in favor of,any part of the proposed budget.This notice represents a summary of the supporting detail of revenues and expenditures on file with the City Clerk and County Auditor. City budgets are subject to protest.If protest petition requirements are met,the State Appeal Board will hold a local hearing.For more information,consult https://d om.iowa.gov/lo c al-b ud get=ap peals. The Budget Estimate Summary of proposed receipts and expenditures is shown below.Copies of the the detailed proposed Budget may be obtained or viewed at the ofFces of the Mayor,City Clerk,and at the Library. The estimated Total tax levy rate per$1000 valuation on regular property 9.92637 The estimated tax levy rate per$1000 valuation on Agricultural land is 3.00375 At the public hearing,any resident or taxpayer may present objections to,or arguments in favor of,any part of the proposed budget. Phone Number City Clerk/Finance Officer's NAM, (563)589-4398 Jennifer Larson Budget FY 2025 Re-estimated FY 2024 Actual FY 2023 Revenues&Other Financing Sources Taxes Levied on Property 1 27,540,528 26,633,490 26,221,156 Less:Uncollected Property Taxes-Levy Year 2 0 0 0 Net Current Property Taxes 3 27,540,528 26,633,490 26,221,156 Delinquent Property Taxes 4 0 0 9,639 TIF Revenues 5 17,907,459 12,193,208 12,802,251 Other City Taxes 6 25,126,148 22,569,156 22,998,721 Licenses&Permits 7 2,375,397 3,897,181 3,765,150 Use ofMoney and Property 8 19,143,084 18,298,988 18,862,137 Intergovernmental 9 49,923,475 71,660,011 40,864,979 Charges for Fees&Service 10 58,638,885 45,987,461 41,987,087 Special Assessments 11 3,000 115,000 235,024 Miscellaneous 12 9,795,759 16,603,096 14,591,524 OtherFinancingSources 13 38,124,352 51,944,442 1,651,152 Transfers In 14 40,357,689 72,204,403 26,720,769 Total Revenues and Other Sources 15 288,935,776 342,106,436 210,709,589 Expenditures&Other Financing Uses Public Safety 16 39,811,962 39,242,394 34,339,637 Public Works 17 16,714,526 18,008,824 15,256,912 Health and Social Services 18 1,251,733 1,313,249 992,669 Culture and Recreation 19 18,170,634 19,837,988 15,614,548 Community and Economic Development 20 17,708,651 19,529,248 16,422,680 General Government 21 15,844,283 15,775,469 12,223,117 Dcbt Servicc 22 13,597,492 10,626,553 9,319,077 CapitalProjects 23 54,596,496 135,659,063 31,542,154 Total GoverumentActivities Expenditures 24 177,695,777 259,992,788 135,710,794 Business Type/Enterprises 25 86,156,076 93,768,011 48,431,905 Total ALL Expenditures 26 263,851,853 353,760,799 184,142,699 Transfcrs Out 27 40,357,689 72,204,403 26,720,769 Total ALL Expenditures/Transfers Out 28 304,209,542 425,965,202 210,863,468 Excess Reveuues&Other Sources Over (Under)Expenditures/Transfers Out 29 -15,273,766 -83,858,766 -153,879 Beginning Fund Balance 7uly 1 30 72,161,524 156,020,290 156,174,169 Ending Fund Balance June 30 31 56,887,758 72,161,524 156,020,290 https://dom-localgov.iowa.gov/budget-renderer?id=17535 1/2 4/3/24,8:44 PM Local Government Property Valuation System https://dom-localgov.iowa.gov/budget-renderer?id=17535 2/2