Details for CITY OF BETTENDORF-Legal - Ad from 2018-05-18

Form 653.C1

NOTICE OF PUBLIC HEARING
AMENDMENT OF FY 2017-2018 CITY BUDGET

The City Council of
Bettendorf
in
SCOTT
County, Iowa
will meet at 1609 State St., Bettendorf, Iowa
at
5:00 pm
on
5/29/2018
(hour)
(Date)
, for the purpose of amending the current budget of the city for the fiscal year ending June 30,

2018
(year)

by changing estimates of revenue and expenditure appropriations in the following programs for the
reasons given. Additional detail is available at the city clerk’s office showing revenues and expenditures by
fund type and by activity.
Total Budget
as certified or
last amended
Revenues & Other Financing Sources
Taxes Levied on Property
Less: Uncollected Property Taxes-Levy Year
Net Current Property Taxes
Delinquent Property Taxes
TIF Revenues
Other City Taxes
Licenses & Permits
Use of Money and Property
Intergovernmental
Charges for Services
Special Assessments
Miscellaneous
Other Financing Sources
Transfers In
Total Revenues and Other Sources
Expenditures & Other Financing Uses
Public Safety
Public Works
Health and Social Services
Culture and Recreation
Community and Economic Development
General Government
Debt Service
Capital Projects
Total Government Activities Expenditures
Business Type/Enterprises
Total Gov Activities & Business Expenditures
Transfers Out
Total Expenditures/Transfers Out
Excess Revenues & Other Sources Over
(Under) Expenditures/Transfers Out for Fiscal Year
Beginning Fund Balance July 1
Ending Fund Balance June 30

Current
Amendment

Total Budget
after Current
Amendment

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

26,629,482
0
26,629,482
27,550
1,335,212
9,140,047
880,660
648,759
6,741,725
22,263,563
23,750
1,359,340
12,351,000
11,796,585
93,197,673

0
0
0
-6,650
40,997
-745,614
275,900
-175,357
2,396,493
-321,877
-11,183
1,708,017
31,267,608
2,750,049
37,178,383

26,629,482
0
26,629,482
20,900
1,376,209
8,394,433
1,156,560
473,402
9,138,218
21,941,686
12,567
3,067,357
43,618,608
14,546,634
130,376,056

16
17
18
19
20
21
22
23
24
25
26
27
28

12,222,795
3,150,768
0
5,053,392
2,096,480
4,529,622
17,992,459
17,498,729
62,544,245
26,921,297
89,465,542
11,796,585
101,262,127

437,106
623,391
0
252,156
5,137,880
242,351
26,242,619
9,672,236
42,607,739
-709,673
41,898,066
2,750,049
44,648,115

12,659,901
3,774,159
0
5,305,548
7,234,360
4,771,973
44,235,078
27,170,965
105,151,984
26,211,624
131,363,608
14,546,634
145,910,242

29

-8,064,454

-7,469,732

-15,534,186

30
31

86,690,818
78,626,364

0
-7,469,732

86,690,818
71,156,632

Explanation of increases or decreases in revenue estimates, appropriations, or available cash:
Increased revenues $37,178,383: $27.2M in net bond proceeds due to an advanced refunding bond issue.
$2,396,493 intergovernmental revenue from capital projects deferred last year. $1,708,017 due to sales of land
and other miscellaneous sources. Increased expenditures $44,648,115: $26.2 in debt service for payment
of advanced refunding to escrow agent. $5,137,880 in TBK Sport Complex projects deferred from last year.
$9,672,236 in other capital projects deferred from last year. $1,543,966 in early retirement offering payouts.
There will be no increase in tax levies to be paid in the current fiscal year named above. Any increase in
expenditures set out above will be met from the increased non-property tax revenues and cash balances not
budgeted or considered in this current budget. This will provide for a balanced budget.
Decker P. Ploehn
City Clerk/Finance Officer

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