Fiscal Year 2013 Recommended BudgetMasterpiece on the Mississippi
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Revised Fiscal Year 2013 Budget Recommendation
DATE: March 6, 2012
Dubuque
bierd
All-America City
1
2007
Budget Director Jennifer Larson is recommending a revision to the Fiscal Year 2013
budget recommendation.
The City's recommended Fiscal Year 2013 budget includes borrowings for water and
sanitary sewer annexation costs as well as borrowings for incentive programs. The
projected demand for incentive programs have slowed down. The City also has
significant time to perform on any annexation utility extensions to avoid most of the FY
2013 borrowings. One request has been received for a utility extension from Joel
Callahan for a development on Seippel Road and that will remain in the budget. This
revised budget recommendation reflects a more accurate projection of what costs for
annexation and incentive programs will actually occur. A revised phased plan for the
Dubuque Industrial Center West Grading /Expansion to South Siegert Farm will also
reduce FY 2013 borrowing needs.
The following projects would be reduced to more accurately reflect projects that will
occur in Fiscal Year 2013:
1. Remove $600,000 in planned debt for Fire Station Expansion /Relocation. This
project is not estimated to occur until FY17 and beyond.
2. Reduce Greater Downtown TIF projects by $2,930,000. Reductions to projects
include the following:
a. Reduce Millwork District Parking Improvements $500,000 which would
be a revised budget of $1,500,000.
b. Reduce Washington Neighborhood Subarea Building Incentives $1.5
million which would result in a revised budget of $1.5 million.
c. Reduce Historic Millwork District Subarea Building Incentives $630,000
which would result in a revised budget of $670,000.
d. Reduce Downtown Housing Incentives $300,000 which would result in
a revised budget of $172,540.
3. Reduce the borrowing for Dubuque Industrial Center West Grading /Expansion to
South Siegert Farm Construction $7,902,190 which would result in a revised
budget of $6,585,162. This is possible due to funding of $1 million remaining in
North Siegert Farm that can be used for this project, the delay of the recreation
area and elimination of the expansion of the Industrial Park to land owned by the
Dubuque Metropolitan Area Solid Waste Agency. This will be re- evaluated in the
future.
4. Reduce the borrowing for water improvements related to annexation by $961,616
which would result in a revised borrowing of $4,847,448.
5. Reduce the borrowing for sanitary sewer improvements related to annexation by
$1,092,000 which would result in a revised borrowing of $2,029,624.
$10,832,190 of the borrowing was supported by Urban Renewal Tax Increment
Financing, so this reduction has no impact on the proposed property tax levy or fees.
The reduction of some sanitary sewer fund debt will reduce the sanitary sewer rate
increase from 16% to 15 %. It is not recommended to reduce the water rate increase of
15% due to water revenue bond covenant requirements that must be met in FY 2013.
The Fire Station Expansion /Relocation debt was being repaid from DRA Gaming lease
revenue with an annual payment of $85,000, this money is recommended to fund the
recurring improvement packages funded by UDAG, which is a nonrecurring funding
source, which includes the Community Relations Coordinator ($77,124) and
sponsorship of the Chamber of Commerce Diversity Summit ($5,000).
I concur with the recommendation and respectfully request Mayor and City Council
approval.
Michael C. Van Milligen
MCVM:sv
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
Jennifer Larson, Budget Director
2
Masterpiece on the Mississippi
TO: Michael C Van Milligen, City Manager
FROM: Jennifer Larson, Budget Director
SUBJECT: Revised Fiscal Year 2013 Budget Recommendation
DATE: March 6, 2012
Dubuque
kerd
All- America City
2007
INTRODUCTION
The purpose of this memorandum is to recommend a revised Fiscal Year 2013 budget
recommendation
BACKGROUND
The recommended Fiscal Year 2013 budget includes $50,696,547 in recommended general
obligation debt issuances that would count against the City's statutory debt limit In addition,
there is an Iowa Finance Authority loan that was issued December 1, 2010 for the Caradco
project, which bond counsel has determined to count against the City's statutory debt limit,
however the City had not included this issuance in statutory debt limit calculations Based on all
issued debt and recommended debt, the City will have used 93 48% of the statutory debt limit in
FY 2013
DISCUSSION
The City's recommended Fiscal Year 2013 budget includes borrowings for water and sanitary
sewer annexation costs as well as borrowings for incentive programs The projected demand for
incentive programs have slowed down The City also has significant time to perform on any
annexation utility extensions to avoid most of the FY 2013 borrowings One request has been
received for a utility extension from Joel Callahan for a development on Seippel Road and that
will remain in the budget This revised budget recommendation reflects a more accurate
projection of what costs for annexation and incentive programs will actually occur A revised
phased plan for the Dubuque Industrial Center West Grading /Expansion to South Siegert Farm
will also reduce FY 2013 borrowing needs
In addition, the City's financial advisor, Public Financial Management, has advised that the
reduced debt capacity would limit the City's ability to execute unforeseen projects The City's
bond rating agency, Moody's, reviews how the City's debt ratios compare to other cities that are
rated as Aa1 Public Financial Management has prepared a credit analysis of the City of
Dubuque for fiscal year 2011 (attachment 1) Attachment 1 shows Moody's 2011 rating medians
for Iowa cities and includes only issued debt in fiscal year 2011 for the City of Dubuque Under
debt statistics and ratios, the City of Dubuque has an overall net debt per capita of $1,871 as
compared to the median of other Aa1 cities of $2,301 per capita In addition, the City of
Dubuque's payoff of debt within ten years is only 67.1 % as compared to the median of other
Aa1 cities of 84.7 %.
Public Financial Management has also prepared a projected credit analysis of the City of
Dubuque for fiscal year 2013 (attachment 2) if the original recommended debt of $50,696,547
was issued resulting in 93.48% of statutory debt limit used. Attachment 2 shows Moody's 2011
rating medians for Iowa cities and includes issued and projected debt thru fiscal year 2013 for
the City of Dubuque. Under debt statistics and ratios, the City of Dubuque has an overall net
debt per capita of $2,950 as compared to the median of other Aa1 cities of $2,301 per capita. In
addition, the City of Dubuque's overall net debt as a percent of full value is 4.7% as compared to
the median of other Aa1 cities of 3.4 %; direct net debt as a percent of full value is 4.2% as
compared to 2.8% for the median of other Aa1 cities; direct net debt per capita is $2,662 as
compared to $1,443 for the median of other Aa1 cities; and debt service as a percent of
operating expenditures of 24.2% as compared to 22.5% for the median of other Aa1 cities.
Attachment 3 shows a projected credit analysis of the City of Dubuque for fiscal year 2013
(attachment 3) if the recommended debt for FY 2013 was reduced to $37,210,741, which is a
$13,485,806 reduction in the amount of debt recommended and results in 86.12% of the
statutory debt limit used. Under debt statistics and ratios, the City of Dubuque has an overall
net debt per capita of $2,732 as compared to the median of other Aa1 cities of $2,301 per
capita. In addition, the City of Dubuque's overall net debt as a percent of full value is 4.3% as
compared to the median of other Aa1 cities of 3.4 %; direct net debt as a percent of full value is
3.9% as compared to 2.8% for the median of other Aa1 cities; direct net debt per capita is
$2,444 as compared to $1,443 for the median of other Aa1 cities; and debt service as a percent
of operating expenditures of 20.6% as compared to 22.5% for the median of other Aa1 cities.
On February 7, 2012, the City of Davenport was downgraded from Aa1 to Aa2. This downgrade
was based on five years of declining General Fund reserve levels; temporary depletion of
General Fund cash reserve levels at the close of fiscal 2011 followed by restoration of liquidity in
fiscal 2012; and limited liquidity across the city's enterprise funds. The City of Dubuque
continues to maintain its general fund and enterprise fund reserves, so does not have these
issues. The City currently has $7,542,623 in unobligated reserve funds, with a total of
$58,122,780* in cash on hand reserved for specific projects and statutory requirements.
A large component of the City's debt that counts against the City's statutory debt limit is
developer rebate agreements. In FY 2013, the outstanding balance of current agreements is
$22,027,896. None of the City's development agreements include a non - appropriation clause
which states that if the City does not appropriate sufficient funds in the budget for any future
year for the payment of the rebate that the City does not have obligation to the developer for the
payment of any future grants. Without a non - appropriation clause in development agreements, a
multi -year pledge of incremental taxes in a development agreement is considered indebtedness
*Of the cash on hand, $12,214,631 represents unspent bond proceeds for
unfinished capital projects; $7,022,068 represents revenue bond reserves and
sinking funds; $7,437,265 represents non - expendable trust funds and agency
funds; unrestricted cash balance of $31,448,816 which will be used for estimated
debt payments of $9 million, $2 million every two weeks for payroll, an estimated
$1 million every week for accounts payable and $7,542,623 for 10% reserve funds
in the general fund and enterprise funds.
2
for purposes of the constitutional debt limit. If a non - appropriation clause is included in
development agreements, only the current fiscal year's annual payment is considered
indebtedness for purposes of the constitutional debt limit. The FY 2013 payment for the City's
existing rebate agreements is $3,631,368, which is much less than the total liability of
$25,659,264. These provisions are not always easy to include in a development agreement. City
Bond Counsel Bill Noth has been successful with developers, big and small, to accept non -
appropriation clauses over the years. The arguments that seem to work the best are (i) that the
City needs it simply to avoid debt limit impact (i.e., if the non - appropriation clause is not
included, increment payments will have to be reduced), and (ii) the developer doesn't have to
worry about it because the City can't afford to non - appropriate (absent a default on the part of a
developer) as a practical matter; the bond rating agencies will take a dim view of that sort of
evidence of an unwillingness to pay (which is critical to a rating). The future intent is to include
non - appropriation clauses in future development agreements that include a property tax rebate.
RECOMMENDATION
I respectfully recommend the following projects to be reduced to more accurately reflect projects
that will occur in Fiscal Year 2013:
1. Remove $600,000 in planned debt for Fire Station Expansion /Relocation. This project is
not estimated to occur until FY17 and beyond.
2. Reduce Greater Downtown TIF projects by $2,930,000. Reductions to projects include
the following:
a. Reduce Millwork District Parking Improvements $500,000 which would be a
revised budget of $1,500,000.
b. Reduce Washington Neighborhood Subarea Building Incentives $1.5 million which
would result in a revised budget of $1.5 million.
c. Reduce Historic Millwork District Subarea Building Incentives $630,000 which
would result in a revised budget of $670,000.
d. Reduce Downtown Housing Incentives $300,000 which would result in a revised
budget of $172,540.
3. Reduce the borrowing for Dubuque Industrial Center West Grading /Expansion to South
Siegert Farm Construction $7,902,190 which would result in a revised budget of
$6,585,162. This is possible due to funding of $1 million remaining in North Siegert Farm
that can be used for this project, the delay of the recreation area and elimination of the
expansion to the Landfill.
4. Reduce the borrowing for water improvements related to annexation by $961,616 which
would result in a revised borrowing of $4,847,448.
5. Reduce the borrowing for sanitary sewer improvements related to annexation by
$1,092,000 which would result in a revised borrowing of $2,029,624.
$10,832,190 of the borrowing was supported by Urban Renewal Tax Increment Financing, so
this reduction has no impact on the proposed property tax levy or fees. The reduction of some
sanitary sewer fund debt will reduce the sanitary sewer rate increase from 16% to 15 %. It is not
recommended to reduce the water rate increase of 15% due to water revenue bond covenant
requirements that must be met in FY 2013. The Fire Station Expansion /Relocation debt was
being repaid from DRA Gaming lease revenue with an annual payment of $85,000, this money
is recommended to fund the recurring improvement packages funded by UDAG, which is a non-
recurring funding source, which includes the Community Relations Coordinator ($77,124) and
sponsorship of the Diversity Summit ($5,000).
3
ACTION
I respectfully request Mayor and City Council approval of the revised FY 2013 budget
recommendations.
JML
Attachments
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
City of Dubuque Credit Analysis
March 2, 2012
Moody's 2011 Rating Medians for Iowa Cities
City of Dubuque Aaa Aa1 Aa2 Aa3 A2 A3
Debt Statistics & Ratios
Direct Net Debt as % of Full Value 2 5%
1 7%
2 8%
1 9%
2 7%
2.9% 3 0%
2 9%
Direct Net Debt Per Capita ($) $ 1,583
$ 1,359
$ 1,443
$ 1,082
$ 1,256
$ 1,404 $ 1,407
$ 1,189
Debt Burden (Overall Net Debt as % Full Value)
3 0%
2 8%
3 4%
2 9%
3 7%
5.1% 3 2%
4 8%
Overall Net Debt Per Capita ($)
$ 1,871
$ 1,943
$ 2,301
$ 1,820
$ 2,108
$ 2,540 $ 2,144
$ 1,907
Debt Service as % of OE
11 6%
22 4%
22 5%
21 8%
31 9%
27.8% 24 5%
6 8%
Payout within 10 Years
67 1%
97 1%
84 7%
88 9%
94 0%
87.8% 68 4%
88 4%
Demographic Statistics
Population 2010 Census
57,637
63,414
39,463
20,897
13,790
7,181
9,464
3,474
PCI as % of U S (2000 Census)
90 9%
99 3%
90 9%
89 5%
94 2%
85.4%
80 2%
87 7%
MFI as % of U S (2000 Census)
P Hu .
113 9%
112 2%
96 3%
107 4%
93.1%
86 2%
90 4%
Population Change 2000 -2010 ( %)
(0 1 %)
12 6%
6 2%
3 5%
13 7%
3.1%
-3 2%
1 6%
Median Home Value (2000 Census)
$ 88,400
$ 129,600
$ 102,500
$ 83,650
$ 111,600
$ 79,800
$ 67,900
$ 62,200
Poverty Rate ( %) (2000 Census)
9 5%
14 0%
9 5%
9 8%
6 8%
°_
12 3%
9 2%
Financial Statistics & Ratios
Total General Fund Revenue ($000)
$ 55,999
$ 58,050
$ 22,098
$ 13,804
$ 7,031
>1 $ 3,344
$ 1,371
GF Balance as % of Revenues
28 4%
32 6%
25 8%
36 3%
39 1%
30.3% 21 0%
24 9%
Unreserved GF Balance as % of Revenues
26 9%
30 2%
25 0%
32 7%
39 1%
30.1% 21 0%
18 5%
Undesignated, Unreserved GF Bal as % of Rev
11 0%
27 5%
25 0%
31 2%
39 4%
27.9% 21 0%
32 0%
Tax Base Statistics & Ratios
Total Full Value ($000)
$ 3,633,463
$ 5,424,414
$ 3,553,387
$ 1,465,367
$ 966,998
$ 375,51.a
$ 436,165
$ 137,921
Full Value per Capita ($)
$ 63,040
$ 71,613
$ 61,651
$ 61,789
$ 66,644
$ 50,3
$ 47,252
$ 40,946
Average Annual Increase in FV ( %) Last 5 Years
4 1%
3 9%
4 7%
3 4%
4 4%
4.1%
5 2%
2 2%
Top Ten Taxpayers as % of Total
15 0%
10 8%
14 5%
17 6%
12 8%
18.5%
19 9%
24 7%
Shading represents closest credit category.
City of Dubuque Credit Analysis - Including FY13 Estimated Borrowing
March 5, 2012
Moody's 2011 Rating Medians for Iowa Cities
City of Dubuque Aaa Aa1 Aa2 Aa3 A2 A3
Debt Statistics & Ratios
Direct Net Debt as % of Full Value
4 2%
1 7%
2 8%
1 9%
2 7%
2.9% 3 0%
2 9%
Direct Net Debt Per Capita ($)
$ 2,662
$ 1,359
$ 1,443
$ 1,082
$ 1,256
$ 1,404 $ 1,407
$ 1,189
Debt Burden (Overall Net Debt as % Full Value)
4.7%
2 8%
3 4%
2 9%
3 7%
5.1% 3 2%
4 8%
Overall Net Debt Per Capita ($)
$ 2,950
$ 1,943
$ 2,301
$ 1,820
$ 2,108
$ 2,540 $ 2,144
$ 1,907
Debt Service as % of OE
24 2%
22 4%
22 5%
21 8%
31 9%
27.8% 24 5%
6 8%
Payout within 10 Years
67 1%
97 1%
84 7%
88 9%
94 0%
87.8% 68 4%
88 4%
Demographic Statistics
Population 2010 Census
57,637
63,414
39,463
20,897
13,790
7,181
9,464
3,474
PCI as % of U S (2000 Census)
90 9%
99 3%
90 9%
89 5%
94 2%
85.4%
80 2%
87 7%
MFI as % of U S (2000 Census)
P Hu .
113 9%
112 2%
96 3%
107 4%
93.1%
86 2%
90 4%
Population Change 2000 -2010 ( %)
(0 1 %)
12 6%
6 2%
3 5%
13 7%
3.1%
-3 2%
1 6%
Median Home Value (2000 Census)
$ 88,400
$ 129,600
$ 102,500
$ 83,650
$ 111,600
$ 79,800
$ 67,900
$ 62,200
Poverty Rate ( %) (2000 Census)
9 5%
14 0%
9 5%
9 8%
6 8%
°_
12 3%
9 2%
Financial Statistics & Ratios
Total General Fund Revenue ($000)
$ 55,999
$ 58,050
$ 22,098
$ 13,804
$ 7,031
>1 $ 3,344
$ 1,371
GF Balance as % of Revenues
28 4%
32 6%
25 8%
36 3%
39 1%
30.3% 21 0%
24 9%
Unreserved GF Balance as % of Revenues
26 9%
30 2%
25 0%
32 7%
39 1%
30.1% 21 0%
18 5%
Undesignated, Unreserved GF Bal as % of Rev
11 0%
27 5%
25 0%
31 2%
39 4%
27.9% 21 0%
32 0%
Tax Base Statistics & Ratios
Total Full Value ($000)
$ 3,633,463
$ 5,424,414
$ 3,553,387
$ 1,465,367
$ 966,998
$ 375,51.a
$ 436,165
$ 137,921
Full Value per Capita ($)
$ 63,040
$ 71,613
$ 61,651
$ 61,789
$ 66,644
$ 50,3
$ 47,252
$ 40,946
Average Annual Increase in FV ( %) Last 5 Years
4 1%
3 9%
4 7%
3 4%
4 4%
4.1%
5 2%
2 2%
Top Ten Taxpayers as % of Total
15 0%
10 8%
14 5%
17 6%
12 8%
18.5%
19 9%
24 7%
Shading represents closest credit category.
City of Dubuque Credit Analysis - Including REVISED FY13 Estimated Borrowing
March 5, 2012
Moody's 2011 Rating Medians for Iowa Cities
City of Dubuque Aaa Aa1 Aa2 Aa3 A2 A3
Debt Statistics & Ratios
Direct Net Debt as % of Full Value
3 9%
1 7%
2 8%
1 9%
2 7%
2.9% 3 0%
2 9%
Direct Net Debt Per Capita ($)
$ 2,444
$ 1,359
$ 1,443
$ 1,082
$ 1,256
$ 1,404 $ 1,407
$ 1,189
Debt Burden (Overall Net Debt as % Full Value)
4.3%
2 8%
3 4%
2 9%
3 7%
5.1% 3 2%
4 8%
Overall Net Debt Per Capita ($)
$ 2,732
$ 1,943
$ 2,301
$ 1,820
$ 2,108
$ 2,540 $ 2,144
$ 1,907
Debt Service as % of OE
20 6%
22 4%
22 5%
21 8%
31 9%
27.8% 24 5%
6 8%
Payout within 10 Years 67 1%
97 1%
84 7%
88 9%
94 0%
87.8% 68 4%
88 4%
Demographic Statistics
Population 2010 Census
57,637
63,414
39,463
20,897
13,790
7,181
9,464
3,474
PCI as % of U S (2000 Census)
90 9%
99 3%
90 9%
89 5%
94 2%
85.4%
80 2%
87 7%
MFI as % of U S (2000 Census)
! Hu .
113 9%
112 2%
96 3%
107 4%
93.1%
86 2%
90 4%
Population Change 2000 -2010 ( %)
-0 1%
12 6%
6 2%
3 5%
13 7%
3.1%
-3 2%
1 6%
Median Home Value (2000 Census)
$ 88,400
$ 129,600
$ 102,500
$ 83,650
$ 111,600
$ 79,800
$ 67,900
$ 62,200
Poverty Rate ( %) (2000 Census)
9 5%
14 0%
9 5%
9 8%
6 8%
°_
12 3%
9 2%
Financial Statistics & Ratios
Total General Fund Revenue ($000)
$ 55,999
$ 58,050
$ 22,098
$ 13,804
$ 7,031
>1 $ 3,344
$ 1,371
GF Balance as % of Revenues
28 4%
32 6%
25 8%
36 3%
39 1%
30.3% 21 0%
24 9%
Unreserved GF Balance as % of Revenues
26 9%
30 2%
25 0%
32 7%
39 1%
30.1% 21 0%
18 5%
Undesignated, Unreserved GF Bal as % of Rev
11 0%
27 5%
25 0%
31 2%
39 4%
27.9% 21 0%
32 0%
Tax Base Statistics & Ratios
Total Full Value ($000)
$ 3,633,463
$ 5,424,414
$ 3,553,387
$ 1,465,367
$ 966,998
$ 375,51.a
$ 436,165
$ 137,921
Full Value per Capita ($)
$ 63,040
$ 71,613
$ 61,651
$ 61,789
$ 66,644
$ 50,3
$ 47,252
$ 40,946
Average Annual Increase in FV ( %) Last 5 Years
4 1%
3 9%
4 7%
3 4%
4 4%
4.1%
5 2%
2 2%
Top Ten Taxpayers as % of Total
15 0%
10 8%
14 5%
17 6%
12 8%
18.5%
19 9%
24 7%
Shading represents closest credit category.
Prepared by City Manager's Office; Address: City Hall, 50 W. 13th Street; Telephone: 589 -4110
RESOLUTION NO. 70 -12
ADOPTING THE CITY OF DUBUQUE FISCAL YEAR 2013 ANNUAL BUDGET
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. That the annual budget for the fiscal year ending June 30, 2013, as
set forth in the Adoption of Budget and Certification of Taxes and supporting state
budget forms showing the revenue estimates and appropriation expenditures and
allocations to programs and activities for said fiscal year, is adopted.
Section 2. The City Clerk is directed to make the filings required by law.
Passed, approved and adopted this 7th day of March, 2012.
Attest:
Ke ' Firnstahl, Ci
y
Cler
Roy D. uol, Mayor
Prepared by City Manager's Office; Address: City Hall, 50 W. 13th Street; Telephone: 589 -4110
RESOLUTION NO. 71 -12
ADOPTING THE CITY OF DUBUQUE FIVE YEAR CAPITAL IMPROVEMENT
PROGRAM
WHEREAS, a recommended five year Capital Improvement Program for the
period beginning July 1, 2012, and ending June 30, 2017, for the City of Dubuque has
been prepared and submitted to the City Council; and
WHEREAS, the five year Capital Improvement Program describes specific
capital improvement projects, provides estimated costs for those projects, proposes
sources of funds for each of them, and schedules the year during which each project
will be undertaken; and
WHEREAS, the capital improvement projects for the first year are included in the
Fiscal Year 2013 budget for the City of Dubuque; and
WHEREAS, the five year Capital Improvement Program will be reconsidered
annually by the City Council and appropriately revised; and
WHEREAS, the adoption of the five year Capital Improvement Program is a
prudent measure to provide continuity of programs and is in the best interest of the City
of Dubuque.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. That the five year Capital Improvement Program for the period
beginning July 1, 2012, set out in the Fiscal Year 2013 -2017 Recommended Capital
Improvement Budget, is hereby approved and adopted as the proposed allocation of
City resources for capital improvements as scheduled in the years shown, subject to
annual review and revision.
Passed, approved and adopted this 7th day of March, 2012.
Roy D. , Mayor
Attest:
Key' F rnstahl, Cit Clerk
Form 631.1 NOTICE OF PUBLIC HEARING
BUDGET ESTIMATE
FISCAL YEAR BEGINNING JULY 1, 2012 - ENDING JUNE 30, 2013
City of
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 .. , 11.06930
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 - 5894121
phone number
Kevin Firnstahl
City Clerk/Finance Officer's NAME,
,
Budget FY
2013
Re -est. FY
2012
Actual FY '
2011
(a)
(b)
(9.
. .. . .
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
Miscellapeous '
12
- 6,759,820
8,190,899
24,566,768
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
10,032,662
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 Expenditures/Transfers Out
28
271,859,289
. 324,540,586
206,971,248
Excess Revenues & Other Sources Over
(Under) Expenditures/Transfers Out •
. :
'
.. . . . . ...........
. . . ......:.'.'
' •' '
29
- 2,527,158
- 25,641,938
409,663
Continuing Appropriation
0
0
47,512,133
Beginning Fund Balance July 1
30
22,279,858
47,921,796
Ending Fund Balance June 30
31
19,752,700
22,279,858
47,921,796
df159111-f 1Af9 -9t
1t 2/24
STATE OF IOWA {SS:
DUBUQUE COUNTY
CERTIFICATION OF PUBLICATION
I, Suzanne Pike, a Billing Clerk for Woodward Communications, Inc., an Iowa
corporation, publisher of the Telegraph Herald,a newspaper of general circulation
published in the City of Dubuque, County of Dubuque and State of Iowa; hereby
certify that the attached notice was published in said newspaper on the following
dates: February 24, 2012, and for which the charge is $120.01.
cS
Subscribed to before me, a Not ry Public in and for Dubuque County, Iowa,
thise7 day o , 204L_.
y Public in and for Dubuqu ounty, Iowa.
MARY K. WL••STERME; (EFZ
Commisalon Plumber 154Eh5
•
Page 1 of 1
Kevin Firnstahl - "Contact Us" inquiry from City of Dubuque website
From: "Citizen Support Center" <dubuqueia@,mycusthelp.com>
To: <kfirnsta @cityofdubuque.org>
Date: 3/6/2012 4:22 PM
Subject: "Contact Us" inquiry from City of Dubuque website
Contact Us
Name: Evelyn Nadeau
Phone: 563 -588 -0418
Email: enadeaull@gmail.com
City Department: City Council
Message: March 6, 2012 Dear Members of the City Council, I'm concerned about an issue that relates to the proposed park
CIP budget that the city manager is recommending. Unfortunately I didn't notice it in the recommended budget package that I
received on February 20 as a member of the Park and Recreation Advisory Commission, and only became aware of it during
the presentation at the budget hearing on February 21. In June of last year the Park and Recreation Advisory Commission
recommended accepting the donation of land for a park from the developer of the Timber -Hyrst subdivision, (see the minutes
at http: / /www.cityofdubuque.org/ archives /80/ Minutes, %20June %2014, %202011.pdf) but we specifically said that the city
should not spend money to build play structures, etc, since the homes already have their own elaborate play structures in each
yard. We recommended that the city be responsible for maintaining the park grounds (mowing, etc.), and that if the residents
want something more, they could donate it. Although not reflected in the minutes, that recommendation was based in part on
the remoteness of the park and the fact that it would likely serve only those who live in the subdivision. At the budget
presentation I was surprised to see that the 2013 proposed budget calls for $100,000 for the development of this park (Creek
Wood Park), and I've yet to hear of any real justification for spending $100,000 on this park right now. I checked the budget
information and found this document: CREEK _WOOD_PARK_BUDGET_DETAIL- 1.pdf, which shows that although there
is no actual expenditure on a play structure, there is much beyond simply maintaining the grounds, such as a shelter. Of
course you of the city council have the right to allocate money for this park (in a subdivision that advertises itself as
"Dubuque's Newest Exclusive South End Development" with "tucked away privacy"
http: / /www.mozenarealty.com /remaxadvantage / modules /agent/agent.asp ?p = text &id = 15852), but I can't help but wonder why
we are spending $100,000 so soon (2013 budget) for a park that serves only the people who live next to it, and yet we have
the construction of a bathroom at Jackson Park (which is only $12,000) set back to the 2017 budget. Even more disturbing is
the fact that, as far as I can see, the development of Usha Park isn't even on this 2013 -2017 proposed budget, and that project
is a commitment that should certainly be taken care of before building this new park, not just because Usha Park would serve
more people, but because of the obligation to the parents of the child for whom the park was given to the city. Perhaps at
some future date it will be appropriate to develop Creek Wood Park, but I have yet to hear of a reason for doing so now,
especially when budgets are so tight. I urge you to reallocate the $100,000 to developing Usha Park and/or constructing a
bathroom at Jackson Park. Sincerely, Evelyn Nadeau 663 Fenelon Place Dubuque, IA 52001 563 -588 -0418
file: / / /C:/Users/ kfirnsta /AppData/Local /Temp/XPgrpwise /4F 563 9B 6DBQ_DODBQ_PO 100... 3/8/2012