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Fiscal Year 2013 Budget_Setting Public HearingMasterpiece on the Mississippi February 13, 2012 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Public Hearing on Fiscal Year 2013 City Budget Dubuque bitil All- America City 'I'll®, 2007 Budget Director Jennifer Larson recommends that the City Council set a public hearing for March 7, 2012, on the Fiscal Year 2013 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 /jh Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager Jenny Larson, Budget Director Masterpiece on the Mississippi TO: Michael C. Van Milligen, City Manager FROM: Jenny Larson, Budget Director SUBJECT: Public Hearing on FY 2013 City Budget INTRODUCTION Dubuque bitil All-America City 'I'll®, 2007 February 13, 2012 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 2013 City budget. DISCUSSION The public hearing on the Fiscal Year 2013 City budget will be conducted at 6:30 p.m. in the City Council Chambers at the Historic Federal Building on Wednesday, March 7, 2012. The public hearing will also cover the adoption of the Five -Year Capital Improvement Program for Fiscal Years 2013 -2017. 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 2013 City budget, operating and capital improvement program, for the City of Dubuque. JML Attachments cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager RESOLUTION NO. 47 -12 SETTING THE DATE FOR THE PUBLIC HEARING ON THE FISCAL YEAR 2013 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 2013 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 2011 budget for the City of Dubuque in the City Council Chambers at the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, on Wednesday, March 7, 2012, beginning at 6:30 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 20th day of February, 2012. Attest: K= i Firnstahl City Clerk Roy D. Mayor RESOLUTION NO, 48 -12 SETTING THE DATE FOR THE PUBLIC HEARING ON THE FIVE -YEAR CAPITAL IMPROVEMENT PROGRAM FOR FISCAL YEARS 2013 THROUGH 2017 FOR THE CITY OF DUBUQUE Whereas, a proposed Five -Year Capital Improvement Program for the City of Dubuque for Fiscal Years 2013 through 2017 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 2013 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 2013 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 2013 through 2017 in the City Council Chambers at the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, on Wednesday, March 7, 2012, beginning at 6:30 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 20th day •f February, 2012. Roy D. •f o Mayor Attest: K= in Firnstahl City Clerk Form 631.1 City of NOTICE OF PUBLIC HEARING BUDGET ESTIMATE FISCAL YEAR BEGINNING JULY 1, 2012 - ENDING JUNE 30, 2013 Dubuque , Iowa The City Council will conduct a public hearing on the proposed Budget at Historic Federal Building on 03/07/2012 at 6:30 p.m. 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 .. The estimated tax levy rate per $1000 valuation on Agricultural land is 11.06930 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 phone number Kevin Firnstahl City Clerk/Finance Officer's NAME Budget FY 2013 Re -est. FY 2012 Actual FY 2011 (a) (b) (c) Revenues & Other Financing Sources 1 22,587,480 20,559,847 19,177,697 Taxes Levied on Property Less: Uncollected Property Taxes -Levy Year 2 0 0 123,919 Net Current Property Taxes 3 22,587,480 _ 20,559,847 19,053,778 Delinquent Property Taxes 4 0 0 50,958 TIF Revenues 5 10,289,639 _ 10,151,097 _ 8,358,387 Other City Taxes 6 14,941,832 _ 14,904,342 10,967,592 Licenses & Permits 7 1,339,574 _ 1,254,672 _ 4,220,761 Use of Money and Property 8 12,365,425 _ 12,774,846 _ 16,459,821 Intergovernmental 9 50,531,439 _ 93,300,233 30,538,233 Charges for Services 10 34,239,020 _ 32,839,797 _ 26,911,229 Special Assessments 11 74,273 _ 441,000 _ 288,156 Miscellaneous 12 6,759,820 _ 8,190,899 _ 24,566,766 Other Financing Sources 13 116,203,629 _ 104,481,915 _ 65,965,230 Total Revenues and Other Sources 14 269,332,131 _ 298,898,648 207,380,911 Expenditures & Other Financing Uses 15 25,439,063 24,690,366 23,318,989 Public Safety Public Works 16 12,149,060 11,698,364 _ 11,391,328 Health and Social Services 17 1,030,919 974,652 885,582 Culture and Recreation 18 10,746,195 10,032,682 _ 9,696,979 Community and Economic Development 19 12,881,522 13,149,402 _ 11,312,854 General Government 20 7,417,526 7,103,601 7,061,642 Debt Service 21 7,107,867 7,019,294 _ 6,288,173 Capital Projects 22 55,145,164 106,829,233 _ 25,536,097 Total Government Activities Expenditures 23 131,917,316 181,497,594 _ 95,491,644 Business Type • Enterprises 24 96,556,881 114,667,045 _ 73,357,644 Total ALL Expenditures 26 228,474,197 296,164,639 _ 168,849,288 Transfers Out 27 43, 385, 092 28, 375, 947 38,121, 960 Total ExpenditureslTransfers Out 28 271,859,289 324,540,586 206,971,248 Excess Revenues & Other Sources Over (Under) ExpenditureslTransfers Out 29 - 2,527,158 - 25,641,938 409,663 Continuing Appropriation 0 0 Beginning Fund Balance July 1 30 22,279,858 47,921,796 47,512,133 Ending Fund Balance June 30 1 31 1 19,752,7001 22,279,8581 47,921,7961