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Fiscal Year 2018 Operating and Capital Budget Copyrighted February 23, 2017 City of Dubuque Items to be set for Public Hearing # 1. ITEM TITLE: Fiscal Year 2018 Operating and Capital Budget SUMMARY: City Manager recommending that the City Council set a public hearing for March 7, 2017, on the Fiscal Year 2018 City budget, operating and capital improvement program, for the City of Dubuque. RESOLUTION Setting the date for the public hearing on the Fiscal Year 2018 Budget as amended for the City of Dubuque RESOLUTION Setting the Date for the public hearing on the Five-Year Capital Improvement Program for Fiscal Years 2018 through 2022 for the City of Dubuque SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt Resolution(s), Set Public Hearing for March 7, 2017 ATTACHMENTS: Description Type MVM Memo City Manager Memo Staff Memo Staff Memo Resolutions Resolutions Notice of Public Hearing Supporting Documentation THE CITY OF Dubuque band E nillili m DUB Masterpiece on the Mississippi 2007•2012•2013 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Public Hearing on Fiscal Year 2018 City Budget as Amended DATE: February 22, 2016 Budget Director Jennifer Larson recommends that the City Council set a public hearing for March 7, 2017, on the Fiscal Year 2018 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. /7/A144 /(c4',17714,c, Michael C. Van Milligen MCVM/jl Attachment cc: Crenna Brumwell, City Attorney Cindy Steinhauser, Assistant City Manager Teri Goodmann, Assistant City Manager Jennifer Larson, Budget Director THE CITY OF Dubuque band DUB E 1 jc ; Masterpiece on the Mississippi 2007•2012•2013 TO: Michael C. Van Milligen, City Manager FROM: Jennifer Larson, Budget Director SUBJECT: Public Hearing on FY 2018 City Budget as Amended DATE: February 22, 2017 INTRODUCTION The purpose of this memorandum is to submit two resolutions setting the public hearing and authorizing the publication of official notices for the public hearing required in connection with the adoption of the Fiscal Year 2018 City budget. DISCUSSION The public hearing on the Fiscal Year 2018 City budget will be conducted at 6:00 p.m. in the City Council Chambers at the Historic Federal Building on Tuesday, March 7, 2017. The public hearing will also cover the adoption of the Five-Year Capital Improvement Program for Fiscal Years 2018-2022. These published numbers show higher levels of expenditures and taxes then has been recommended to provide the City Council flexibility at the public hearing, since the final budget approval cannot exceed the published numbers. 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 and authorizing the City Clerk to publish the required notices of the public hearing on the Fiscal Year 2018 City budget, operating and capital improvement program, for the City of Dubuque. JML Attachments cc: Crenna Brumwell, City Attorney Cindy Steinhauser, Assistant City Manager Teri Goodmann, Assistant City Manager RESOLUTION NO. 76-17 SETTING THE DATE FOR THE PUBLIC HEARING ON THE FISCAL YEAR 2018 BUDGET AS AMENDED 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 2018 budget before the final budget certification date and shall publish notice before the hearing as provided in Iowa Code Section 362.3. 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 2017 budget as amended for the City of Dubuque in the City Council Chambers at the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, on Tuesday, March 7, 2017, beginning at 6:00 p.m. Section 2. That the City Clerk be and is hereby authorized and directed to publish notice of the public hearing, according to law, together with the required budget information. Passed, approved and adopted this 23rd day of February, 2017. 4-/ Li" Ooy D. Buol, Mayor Attest: K in S. Firnstahl, City Clerk RESOLUTION NO. 77-17 SETTING THE DATE FOR THE PUBLIC HEARING ON THE FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM FOR FISCAL YEARS 2018 THROUGH 2022 FOR THE CITY OF DUBUQUE Whereas, a proposed Five -Year Capital Improvement Program for the City of Dubuque for Fiscal Years 2018 through 2022 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 2018 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 2018 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 2018 through 2022 in the City Council Chambers at the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, on Tuesday, March 7, 2017, beginning at 6:00 p.m. Section 2. That the City Clerk be and is hereby authorized and directed to publish notice of the public hearing. Passed, approved and adopted this 23rd day of February, 2017. , 0 ,L. , y D. Buol, Mayor Attest: Form 631.1 Department of Management NOTICE OF PUBLIC HEARING BUDGET ESTIMATE FISCAL YEAR BEGINNING JULY 1, 2017- ENDING JUNE 30, 2018 City of Dubuque , Iowa The City Council will conduct a public hearing on the proposed Budget at Historic Federal Building on 3/7/2017 at 6:00 p.m. (Date)xx/xx/xx (hour) 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 $ 11.16739 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. 563-589-4121 Kevin Firnstahl phone number City ClerklFinance Officer's NAME Budget FY Re-estimated FY Actual FY 2018 2017 2016 11111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111 (a) (b) (c) Revenues&Other Financing Sources Taxes Levied on Property 1 25,694,489 25,556,562 24,082,860 Less:Uncollected Property Taxes-Levy Year 2 0 0 1,642,837 Net Current Property Taxes 3 25,694,489 25,556,562 22,440,023 Delinquent Property Taxes 4 0 0 84,408 TIF Revenues 5 11,903,432 11,112,649 9,395,173 Other City Taxes 6 18,081,704 17,733,819 12,975,473 Licenses&Permits 7 1,529,906 1,583,724 6,339,471 Use of Money and Property 8 12,538,589 12,451,411 13,865,982 Intergovernmental 9 42,162,719 88,173,724 33,809,422 Charges for Fees&Service 10 42,780,339 41,611,985 37,724,416 Special Assessments 11 30,000 30,000 316,279 Miscellaneous 12 7,677,240 8,471,653 9,460,499 Other Financing Sources 13 2,522,060 39,077,077 41,266,240 Transfers In 14 28,992,317 31,404,603 28,813,962 Total Revenues and Other Sources 15 193,912,795 277,207,207 216,491,348 Expenditures&Other Financing Uses Public Safety 16 29,344,728 29,552,449 27,716,209 Public Works 17 12,820,544 14,478,227 11,393,683 Health and Social Services 18 1,015,730 989,608 1,043,170 Culture and Recreation 19 12,137,495 12,555,797 11,392,093 Community and Economic Development 20 14,854,211 14,349,701 13,417,640 General Government 21 9,131,058 9,452,494 8,107,876 Debt Service 22 10,873,974 21,287,938 14,744,640 Capital Projects 23 30,189,433 82,570,590 40,545,227 Total Government Activities Expenditures 24 120,367,173 185,236,804 128,360,538 Business Type/Enterprises 25 50,388,115 96,154,749 80,035,868 Total ALL Expenditures 26 170,755,288 281,391,553 208,396,406 Transfers Out 27 28,992,317 31,404,603 28,813,962 Total ALL Expenditures/Transfers Out 28 199,747,605 312,796,156 237,210,368 Excess Revenues&Other Sources Over (Under)Expenditures/Transfers Out 29 -5,834,810 -35,588,949 -20,719,020 Beginning Fund Balance July 1 30 35,830,708 71,419,657 92,138,677 Ending Fund Balance June 30 31 29,995,898 35,830,708 71,419,657