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Set Public Hearing for Fiscal Year 2026 Budget Copyrighted April 10, 2025 City of Dubuque ITEMS SET FOR PUBLIC HEARING # 1. City Council ITEM TITLE: Set Public Hearing on Fiscal Year 2026 City Budget SUMMARY: City Manager recommending that the City Council set a public hearing for April 28, 2025, on the Fiscal Year 2026 City budget, operating and capital improvement program, for the City of Dubuque. RESOLUTION Setting The Date For The Public Hearing On The Fiscal Year 2026 Budget For The City Of Dubuque RESOLUTION Setting The Date For The Public Hearing On The Five-Year Capital Improvement Program For Fiscal Years 2026 Through 2030 For The City Of Dubuque SUGGUESTED DISPOSITION: Receive and File; Adopt Resolution(s), Set Public Hearing for April 28, 2025 ATTACHMENTS: 1. MVM Memo to Set FY26 Budget Public Hearing_2025_04_09 2. Staff Memo to Set FY26 Budget Public Hearing_2025_04_09 3. Operating_Budget_Resolution 4. FY26 Five Year CIP_Resolution 5. Notice of Public Hearing Page 773 of 990 TO:The Honorable Mayor and City Council Members FROM:Michael C. Van Milligen, City Manager SUBJECT:Set Public Hearing on Fiscal Year 2026 City Budget DATE:April 9, 2025 Chief Financial Officer Jennifer Larson recommends that the City Council set a public hearing for April 28, 2025, on the Fiscal Year 2026 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. ____________________________________ Michael C. Van Milligen MCVM/jml/sv Attachment cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Jennifer Larson, Chief Financial Officer Page 774 of 990 TO:Michael C. Van Milligen, City Manager FROM:Jennifer Larson, Chief Financial Officer SUBJECT:Set Public Hearing on FY 2026 City Budget DATE:April 9, 2025 INTRODUCTION The purpose of this memorandum is to submit two resolutions setting the public hearing in connection with the adoption of the Fiscal Year 2026 City budget. The publication of official notices for the public hearing will be published to meet Iowa Code minimum publication requirements. DISCUSSION The public hearing on the Fiscal Year 2026 City budget will be conducted in the City Council Chambers at 350 W. 6th St and virtually at 6:30 p.m. on Monday, April 28, 2025. The public hearing will also cover the adoption of the Five-Year Capital Improvement Program for Fiscal Years 2026-2030. The final budget approval cannot exceed the maximum property tax levy for Fiscal Year 2026 adopted by City Council at the March 25, 2025 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 2026 City budget, operating and capital improvement program, for the City of Dubuque. JML Attachments cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Laura Bendorf, Budget Manager Page 775 of 990 Prepared by Jennifer Larson, Chief Financial Officer, 50 W. 131h St., Dubuque, IA 52001, (563) 589-4322 Return to Adrienne N. Breitfelder, City Clerk, 50 W. 13'h St., Dubuque, IA 52001, (563) 589-4100 RESOLUTION NO. 121-25 SETTING THE DATE FOR THE PUBLIC HEARING ON THE FISCAL YEAR 2026 BUDGET FOR THE CITY OF DUBUQUE Whereas, Iowa Code Section 384.16 provides that the City Council shall set a time and place for a public hearing on the Fiscal Year 2026 budget before the final budget certification date and shall publish notice before the hearing as provided in Iowa 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 2026 budget for the City of Dubuque in the City Council Chambers and virtually on Monday, April 28, 2025, beginning at 6:30 p.m. Passed, approved and adopted this 101h day of April 2025. BratiM.`Ca6nagh, Mayor Attest: Adrienne N. Breitfeld'er, City Clerk Prepared by Jennifer Larson, Chief Financial Officer, 50 W. 131h St., Dubuque IA 52001 (563) 589-4322 Return to Adrienne N. Breitfelder, City Clerk, 50 W. 13'h St., Dubuque, IA 52001, (563) 589-4100 RESOLUTION NO. 122-25 SETTING THE DATE FOR THE PUBLIC HEARING ON THE FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM FOR FISCAL YEARS 2026 THROUGH 2O30 FOR THE CITY OF DUBUQUE Whereas, a proposed Five -Year Capital Improvement Program for the City of Dubuque for Fiscal Years 2026 through 2030 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 2026 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 2026 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 2026 through 2030 in the City Council Chambers and virtually on Monday, April 28, 2025, beginning at 6:30 p.m. Passed, approved and adopted this 10h day of April 2025. Bra r . agi Mayor Attest: rw"�� h44 Adrienne Breitfelder, City Clerk 4/9/25, 5:01 PM Local Government Property Valuation System https://dom-localgov.iowa.gov/budget-renderer?id=21089 1/2 NOTICE OF PUBLIC HEARING -- PROPOSED BUDGET Fiscal Year July 1, 2025 - June 30, 2026 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: 4/28/2025 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://dom.iowa.gov/local-budget-appeals. 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 offices of the Mayor, City Clerk, and at the Library. The estimated Total tax levy rate per $1000 valuation on regular property 10.06372 The estimated tax levy rate per $1000 valuation on Agricultural property 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 (563) 589-4322 City Clerk/Finance Officer's NAME Jennifer Larson Budget FY 2026 Re-estimated FY 2025 Actual FY 2024 Revenues & Other Financing Sources Taxes Levied on Property 1 29,172,811 27,540,529 27,003,825 Less: Uncollected Property Taxes-Levy Year 2 0 0 0 Net Current Property Taxes 3 29,172,811 27,540,529 27,003,825 Delinquent Property Taxes 4 0 0 2,223 TIF Revenues 5 0 17,907,459 12,922,131 Other City Taxes 6 24,685,623 25,126,148 21,571,552 Licenses & Permits 7 4,477,648 2,290,822 4,073,398 Use of Money and Property 8 22,190,268 19,143,084 20,300,213 Intergovernmental 9 58,245,768 95,952,904 37,463,449 Charges for Fees & Service 10 52,698,361 58,215,895 49,480,766 Special Assessments 11 117,657 662,524 130,439 Miscellaneous 12 15,227,555 13,187,997 13,188,446 Other Financing Sources 13 29,356,784 64,547,049 8,644,560 Transfers In 14 45,969,433 42,935,927 37,067,186 Total Revenues and Other Sources 15 282,141,908 367,510,338 231,848,188 Expenditures & Other Financing Uses Public Safety 16 40,879,248 40,549,908 36,089,592 Public Works 17 17,726,454 19,495,590 15,872,999 Health and Social Services 18 1,107,942 1,264,002 1,041,566 Culture and Recreation 19 17,924,093 21,069,389 16,300,789 Community and Economic Development 20 22,517,323 18,931,399 18,271,559 General Government 21 16,444,880 16,628,119 15,533,614 Debt Service 22 12,424,200 13,597,492 10,453,022 Capital Projects 23 48,304,740 125,896,317 31,630,333 Total Government Activities Expenditures 24 177,328,880 257,432,216 145,193,474 Business Type / Enterprises 25 98,856,209 111,787,670 53,063,529 Total ALL Expenditures 26 276,185,089 369,219,886 198,257,003 Transfers Out 27 45,969,433 42,935,927 37,067,186 Total ALL Expenditures/Transfers Out 28 322,154,522 412,155,813 235,324,189 Excess Revenues & Other Sources Over (Under) Expenditures/Transfers Out 29 -40,012,614 -44,645,475 -3,476,001 Beginning Fund Balance July 1 30 107,815,546 152,461,021 155,937,022 Ending Fund Balance June 30 31 67,802,932 107,815,546 152,461,021 Page 778 of 990 4/9/25, 5:01 PM Local Government Property Valuation System https://dom-localgov.iowa.gov/budget-renderer?id=21089 2/2Page 779 of 990