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Fiscal Year2021 State of Iowa Annual Financial ReportCity of Dubuque City Council Meeting Consent Items # 5. Copyrighted October 18, 2021 ITEM TITLE: Fiscal Year2021 State of Iowa Annual Financial Report SUMMARY: City Manager recommending approval to file the Fiscal Year 2021 State of Iowa Annual Financial Report with the State of Iowa Auditor. SUGGESTED Suggested Disposition: Receive and File; Approve DISPOSITION: ATTACHMENTS: Description Type MVM Memo City Manager Memo Staff Memo Staff Memo FY21 AFR Supporting Documentation FY21 AFR Signature Page Supporting Documentation FY21 AFR Publication Supporting Documentation THE C DUUB-.'&-FE Masterpiece on the Mississippi TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Fiscal Year 2021 State of Iowa Annual Financial Report DATE: October 4, 2021 Dubuque All -America City WJ%MLLI�'A: to Z,u: 2007-2012.2013 2017*2019 Director of Finance and Budget Jennifer Larson is recommending approval to file the Fiscal Year 2021 State of Iowa Annual Financial Report with the State of Iowa Auditor. I concur with the recommendation and respectfully request Mayor and City Council approval. Michael C. Van Milligen MCVM/jml Attachment CC' Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Jennifer Larson, Director of Finance and Budget Cassie Ross, Assistant Director of Finance THE CITY OF DUB FE Masterpiece on the Mississippi TO: Michael C. Van Milligen, City Manager FROM: Jennifer Larson, Director of Finance and Budget SUBJECT: Fiscal Year 2021 State of Iowa Annual Financial Report DATE: October 4, 2021 INTRODUCTION Dubuque III -America City 2007-2012.2013 2017*2019 The purpose of this memorandum is to submit the Fiscal Year 2021 State of Iowa Annual Financial Report. BACKGROUND The Annual Financial Report must be filed with State of Iowa Auditor pursuant to the Code of Iowa Section 384.22 by December 1, 2021. DISCUSSION The Annual Financial Report is prepared on a cash basis consistent with the annual budget. The City is required to publish the first page of this report before filing the report with the State Auditor's Office. The Dubuque Telegraph Herald will publish this report after City Council approval. There is no statutory requirement for the City Council to approve the Annual Financial Report or pass a resolution prior to publication and filing. However, when possible, City Council review and approval of the official document is recommended. REQUEST I respectfully recommend approval to publish and file the Fiscal Year 2021 State of Iowa Annual Financial Report with the State of Iowa Auditor. JML 10/4121, 3:59 PM Local Government Property Valuation System STATE OF IOMA 2021 FINANCGIL REPORT FISCAL YEAR ENDED JUNE 30, 2021 CITY OF DUBUQUE, IOWA DUE: December 1, 2021 16203100700000 CITY OF DUBUQUE 50 W 13th Street DUBUQUE [A 52001-4964 POPULATION: 57637 NOTE - The information supplied in this report will be shared by the Iowa State Auditor's Office, the U.S. Census Bureau, various public interest groups, and State and federal agencies. ALL FUNDS Governmental (a) Proprietary (b) Total Actual (e) Budget (d) Revenues and Other Financing Sources Taxes Levied on Property 26,301,256 26,301,256 25,460,125 Less: Uncollected Property Taxes -Levy Year 0 0 0 Net Current Property Taxes 26,301,256 26,301,256 25,460,125 Delinquent Property Taxcs 238,844 238,844 0 TIF Revenues 11,882,103 11,882,103 12,012,920 Other City Taxes 19,025,822 0 19,025,822 19,092,662 Licenses and Permits 1,89I,115 0 1,991,115 2,165,445 Use of Money and Property 15,791,221 229,977 16,020,198 15,669,201 Intcrvovernmental 48,767,044 6,035,774 54,802.818 104,104,242 Charges for Fees and Service 6,410,320 32,927,102 39,337,422 46,068,089 Special Assessments 117,776 9,765 127,541 360,000 Miscellaneous 12,067,183 5,217,393 17,284,576 17,991,277 Other Financing Sources 50,431,748 33,621,072 84,052,820 59,114,542 Transfers In 22,194,933 8,146,268 30,341,201 42,818,981 Total Revenues and Other Sources 192,924,432 78,040,093 270,964,515 344,847,484 Expenditures and Other Financing Uses Public Safety 29,069,881 29,069,881 31,739,650 Public Works 15,720,259 15,720,259 15,095,981 Health and Social Services 975,605 975,605 1,175,185 Culture and Recreation 11,388,713 11,388,713 14.771,836 Community and Economic Development 14,663,750 14,663,750 15,471,676 General Government 9,830,893 9,830,893 11,486,441 Debt Scrcice 27,720,075 27,720,075 33,135,826 Capital Projects 23,471,562 23,471,562 87J44,718 Total Governmental Activities Expenditures 132,840,738 0 132,840,738 210,021,313 BUSINESS TYPE ACTIVITIES 65,702,186 65,702,186 98,199,521 Total All Expenditures 132,840,738 65,702,186 198,542,924 308,220,834 Other Financing Uses 23,655,029 6,686,173 30,341,201 Transfers Out 23,655,028 6,686,173 30,341,201 42,818,981 Total All Expenditures/and Other Financing Uses 156,495,766 72,388,359 228,884,125 351,039,815 Excess Revenues and Other Sources Over (Under) Expendituresland Other Financing Uses 36,428,666 5,651,724 42,080,390 -6,192,331 Beginning Fund Balance July 1,2020 55,886,164 24,585,116 90,471,280 68,889,139 Ending Fund Balance June 30, 202I 92,314,930 30,236,840 122,551,670 62,696,808 I Nu rr: - these oatances do not incivae the rouowtng, wnicn were not budgeted and are not available for city operations: 1 on -budgeted Internal Service Funds 5,767,507 ensign Trust Funds Private Purpose Trust Funds Agency Funds 15,086,461 Indebtedness at June 30, 2021 Amount Indebtedness at June 30, 2021 Amount General Obligation Debt 93,261,259 Other Lung -Term Debt 1,638,786 Revenue Debt 126,053,809 Short -Term Debt 0 TIF Revenue Debt 21,639.558 General Obligation Debt Limit 239,299,8 1.0 ChM IFICAI ION The forgoing report is correct to the best of my knowledge and belief Publication 10/22/202 ] rtmea name of rreparer lion Number Jennifer M. 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ALL FUNDS Governmental (a) Proprietary (b) Total Actual (c) Budget (d) Revenues and Other Financing Sources Taxes Levied on Property 26,301,256 26,301,256 25,460,125 Less: Uncollected Property Taxes -Levy Year 0 0 0 Net Current Property Taxes 26,301,256 26,301,256 25,460,125 Delinquent Property Taxes 238,844 238,844 0 TIF Revenues 11,882,103 11,882,103 12,012,920 Other City Taxes 19,025,822 0 19,025,822 19,082,662 Licenses and Permits 1,891,115 0 1,891,115 2,165,445 Use of Money and Property 15,791,221 228,977 16,020,198 15,669,201 Intergovernmental 48,767,044 6,035,774 54,802,818 104,104,242 Charges for Fees and Service 6,410,320 32,927,102 39,337,422 46,068,089 Special Assessments 117,776 9,765 127,541 360,000 Miscellaneous 12,067,183 5,217,393 17,284,576 17,991,277 Other Financing Sources 50,431,748 33,621,072 84,052,820 59,114,542 Transfers In 22,194,933 8,146,268 30,341,201 42,818,981 Total Revenues and Other Sources 192,924,432 78,040,083 270,964,515 344,847,484 Expenditures and Other Financing Uses Public Safety 29,069,881 29,069,881 31,739,650 Public Works 15,720,259 15,720,259 15,095,981 Health and Social Services 975,605 975,605 1,175,185 Culture and Recreation 11,388,713 11,388,713 14,771,836 Community and Economic Development 14,663,750 14,663,750 15,471,676 General Government 9,830,893 9,830,893 11,486,441 Debt Service 27,720,075 27,720,075 33,135,826 Capital Projects 23,471,562 23,471,562 87,144,718 Total Governmental Activities Expenditures 132,840,738 0 132,840,738 210,021,313 BUSINESS TYPE ACTIVITIES 65,702,186 65,702,186 98,199,521 Total All Expenditures 132,840,738 65,702,186 198,542,924 308,220,834 Other Financing Uses 23,655,028 6,686,173 30,341,201 Transfers Out 23,655,028 6,686,173 30,341,201 42,818,981 Total All Expenditures/and Other Financing Uses 156,495,766 72,388,359 228,884,125 351,039,815 Excess Revenues and Other Sources Over (Under) Expenditures/and Other Financing Uses 36,428,666 5,651,724 42,080,390 -6,192,331 Beginning Fund Balance July 1, 2020 1 55,886,1641 24,585,116 80,471,280 68,889,139 Ending Fund Balance June 30, 2021 1 92,314,8301 30,236,840 122,551,6701 62,696,808 NOTE - These balances do not include the following, which were not budgeted and are not available for city operations: on -budgeted Internal Service Funds ,767,507 F5rivate Pension Trust Funds Purpose Trust Funds Agency Funds 15,086,461 Indebtedness at June 30, 2021 Amount Indebtedness at June 30, 2021 Amount General Obligation Debt 93,261,259 Other Long -Term Debt 1,638,786 Revenue Debt 126,053,809 Short -Term Debt 0 TIF Revenue Debt 21,639,558 General Obligation Debt Limit 239,299,810 The forgoing report is correct to the best of my knowledge and belief CERTIFICATION Publication 10/22/2021 Signature of Preparer Printed name of Preparer Jennifer M. Larson Phone Number 563-589-4398 Date Signed 10/18/21 Signature of Mayor or other City official(Name and Title PLEASE PUBLISH THIS PAGE ONLY https:Hdom-localgov.iowa.gov/afr?id=5111 1 /10 10/4/21, 3:56 PM Local Government Property Valuation System STATE OF IOWA 2021 FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 2021 CITY OF DUBUQUE, IOWA DUE: December 1, 2021 16203100700000 CITY OF DUBUQUE 50 W 13th Street DUBUQUE IA 52001-4864 POPULATION: 57637 NOTE - The information supplied in this report will be shared by the Iowa State Auditor's Office, the U.S. Census Bureau, various public interest groups, and State and federal agencies. ALLFUNDS Governmental (a) Proprietary (b) Total Actual (c) Budget (d) Revenues and Other Financing Sources Taxes Levied on Property 26301256 26,301,256 25,460,125 Less: Uncollected Property Taxes -Levy Year 0 0 0 Net Current Property Taxes 26,301,256 26,301,256 25,460,125 Delinquent Property Taxes 238,844 238,844 0 TIF Revenues 11,882,103 11,882,103 12,012,920 Other City Taxes 19,025,822 0 19,025,822 19,082,662 Licenses and Permits 1,891,115 0 1,891,115 2,165,445 Use of Money and Property 15,791,221 228,977 16,020,198 15,669,201 Intergovernmental 48,767,044 6,035,774 54,802,818 104,104,242 Charges for Fees and Service 6,410,320 32,927,102 39,337,422 46,068,089 Special Assessments 117,776 9,765 127,541 360,000 Miscellaneous 12,067,183 5,217,393 17,284,576 17,991,277 Other Financing Sources, Including Transfers in 50,431,748 33,621,072 84,052,820 101,933,523 Total Revenues and Other Sources 192,924,432 78,040,083 270,964,515 344,847,484 Expenditures and Other Financing Uses Public Safety 29,069,881 29,069,881 31,739,650 Public Works 15,720,259 15,720,259 15,095,981 Health and Social Services 975,605 975,605 1,175,185 Culture and Recreation 11,388,713 11,388,713 14,771,836 Community and Economic Development 14,663,750 14,663,750 15,471,676 General Government 9,830,893 9,830,893 11,486,441 Debt Service 27,720,075 27,720,075 33,135,826 Capital Projects 23,471,562 23,471,562 87,144,718 Total Governmental Activities Expenditures 132,840,738 0 132,840,738 210,021,313 Business type activities 65,702,186 65,702,186 98,199,521 Total All Expenditures 132,840,738 65,702,186 198,542,924 308,220,834 Other Financing Uses, Including Transfers Out 23,655,028 6,686,173 30,341,201 42,818,981 Total All Expenditures/and Other Financing Uses 156,495,766 72,388,359 228,884,125 351,039,815 Excess Revenues and Other Sources Over (Under) Expenditures/and Other Financing Uses 36,428,666 5,651,724 42,080,390 -6,192,331 Beginning Fund Balance July 1, 2020 55,886,164 24,585,116 80,471,280 68,889,139 Ending Fund Balance June 30, 2021 92,314,830 1 30,236,840 122,551,670 1 62,696,808 NOTE - These balances do not include the following, which were not budgeted and are not available for city operations: Non -budgeted Internal Service Funds 5,767,507 Pension Trust Funds Private Purpose Trust Funds Agency Funds 15,086,461 Indebtedness at June 30, 2021 Amount Indebtedness at June 30, 2021 Amount General Obligation Debt 93,261,259 Other Long -Tenn Debt 1,638,786 Revenue Debt 126,053,809 Short -Term Debt 0 TIF Revenue Debt 21,639,558 General Obligation Debt Limit 239,299,810 https://dom-localgov.iowa.gov/afr?id=5111 1/1 > 0. \ ■ \ § t;,m0, g 7 e \ \ )§m(\ /(§\\00 ( ^\ §tit Lon q ( c M \ 0" § oc : O r'l [ q k\)\)\ § y )\//({ ]»nnep \�� (� � N (p j b ry N OH O �-] O Co H O (� w y n (� O (� C_ x N ro F ro F [� p1 .3 O s^S ti b A y y r y ry w ^5� w �' .ni N P �+1 E C t/� p �`' n n p rn �• Oa Ua O� �i y� o C] n < m w Grn a m n M n n Q w y n y n W� p �n pp m a R n �P ,ro o w l7 S o� '.� rn w ww_ 0. u p �0 O� 0 � a n n� C p w 0� ❑_ w Ga n m y g c 6 P Q O P<. p_ O 7. 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