The URL can be used to link to this page

Home My WebLink About2021-177-03.25.2021 (BUDGET)ADOPTION OF BUDGET AND CERTIFICATION OF CITY TAXES FISCAL YEAR JULY 1, 2021 - JUNE 30, 2022 The City of : WATERLOO County Name: BLACK HAWK COUNTY Adopted On: 3/25/2021 Resolution: 2021-177 The below -signed certifies that the City Council, on the date stated above, lawfu ly approved the named resolution adopting a budget for next fiscal year, as summarized on this and tl e supporting pages. City Last Official Number: 07-054 Census: 68,406 With Gas & Electric Without Gas & Electric Regular 2a 2.344.836,606 2b 2.271,582,763 DEBT SERVICE 3a 2.662.248,118 3b 2,588,994,275 Ag Land I 4a 15,137,882 TAXES LEVIED Purpose Non -Voted Other Permissible Levies Contract for use of Bridge Opr & Maint publicly owned Transit Rent, Ins. Maint of Civic Center Opr & Maim of City owned Civic Center Planning a Sanitary Disposal Project Aviation Authority (under sec.330A.15) Levee Irnpr fund in special charter city Liability, property & self insurance costs Support of a Local Emerg.Mgmt.Conun. Voted Other Permissible Levies Instrumental/Vocal Music Groups Memorial Building Symphony Orchestra Cultural & Scientific Facilities County Bride Missi or Missouri River Bridge Const. Aid to a Transit Company ENTER FIRE DISTRICT RATE BELOW Request with Utility Replacement 18,993,177 1,462,588 1,630,969. 96,1871 Property Taxes Levied 18,399,820 i 0 0� 1,580,022 93,1801 633,106 613,327 0 Dollar Limit 8.10000 0.67500 Amt Ncc, 0.13500 0.067501 0.27000 0.06750 Ann Nec 0.13500 0.81000 0.13500 0.27000 1.35000 7 10 13. 14 4621 15 16 17 18 191 20, 43, 44 45 46, 47 48 49, 51 52, 54, 56, 57 58 Rate 8.1000( 0.00000 0.00000 0.00000 0.00000 0.69556 0.00000 0.00000 0.27000 0.00000 0.00000 Maintain Institution received by gift/devise 0.20500 22 I 0 60 0.00000 City Emergency Medical District 1.00000 463 J 0 466 0.00000 Sul .out Public Library 0.27000 23 633,106 J 613327 61 0.27000 Unified Law Enforcement 1.50000 24 0 62 0.00000 Total General Fund Regular Levies (5 thru 24) 25 23.449.133 22.716.576 Ag Land 3.00375 26 45,470 45,470 63 3.00372 Total General Fund Tax Levies (25 + 26) 27 23,494,603 22,762,046 Special Revenue Levies Emergency (if general fund at levy limit) 0.27000 28 633,106 I 613.327 64 0.27000 Police & Fire Retirement Amt Nec 29 4,953,297 4,798,560 2.11243 FICA & IPF.RS (if general fund at levy limit) Amu Nec 30 2,178,526 J 2,110,459 0.92907 Other Employee Benefits Amt Nec 31 5,778,931 I 5,598,384 2.46453 Total Employee Benefit Levies (29,30,31) 32 12,910,754 12,507,403 65 5.50603 Sub Total Special Revenue Levies (28+32) 33 13.543.860 13.120.730 As Re q With Valuation Gas & Elec Without Eke Valuation Gas & SSMID 1 0 0 34 0 66 0.00000 SSMID 2 0 0 35 II 0 67 0.00000 SSMID 3 0 0 36 J 0 68 0.00000 SSMID 4 0 0 37 0 69 0.00000 SSMID 5 0 0 555 0 565 0.00000 SSMID 6 0 0 556 0 566 0.00000 SSMID 7 0 0 1177 0 1179 0.00000 SSMID 8 0 0 1185 0 1187 0.00000 Total Special Revenue Levies 39 13,543,860 13,120,730 Debt Service Levy 76.10(6) Amt Nec 40 7,602,100 7,392,925 70 2.85552 Capital Projects (Capital Improv, Reserve) 0.67500 41 0 71 0.00000 Total Property Taxes (27+39+40+41) j 42 44,640,563 43,275,701 72 18.63188 ni/ t4 r/1/4-- 7y(ILifeM/4 3.3/ -) �. Signature) (Date) ( County Auditor) (Date) ^1frifi« u N"*+jt�;�, i s "lie y r i •`t. II r . rt.!: 6A ADOPTED BUDGET SUMMARY City Name. WATERLOO Fiscal Year July 1, 2021 -June 30. 2022 GENERAL SPECIAL REVENUES TIE SPECIAL REVENUES DEBT SERVICE CAPITAL PROJECTS PERMANENT PROPRIETARY BUDGET 2022 RE -ESTIMATED 2021 ACTUAL 2020 Revenues & Other Financing Sources Taxes Levied on Property 1 22,762,046 13.120,730 7,392,925 0 43,275,701 42,422,199 40.122.621 Less: Uncollected Property Taxes -Levy Year 2 0 0 0 0 0 0 0 Net Current Properly Taxes 3 22,762,046 13,120,730 7,392,925 0 43,275,701 42,422,199 40.122,621 Delinquent Property Taxes 4 0 0 0 0 0 0 34.427 T1F Revenues 5 10,699,761 10,699.761 9,388,510 8.172,491 Other City Taxes 6 7,795,538 10,783,130 219,175 0 18,797,843 17,751,441 18.240,701 Licenses & Permits 7 1,389,060 22,000 18,775 1,429,835 11434,585 1,469,725 Use of Money and Property 8 1,131,700 248,150 10,000 6,000 0 0 18,000 1,413,850 1,416,878 3.026,235 Inlcrgovcnunental 9 2.307.864 34,947,120 0 241.660 0 1.673.624 39,170,268 31,324,100 24.257.824 Charges for Fees & Service 10 11,899,11B 256,850 0 0 0 22.576,188 34,732,156 30,441,029 29.269 566 Special Assessments 11 198,000 0 0 0 0 I98.000 250,000 201,413 Miscellaneous 12 7,733,380 70,900 0 1,500,000 0 0 9,304,280 8,175,752 10,310,619 Sub -Total Revenues 13 55.216,706 59,448,880 10,709,761 7,859,760 1,500,000 0 24.286,587 159,021,694 142 04,494 135.105,622 Other Financing Sources: Total Transfers In 14 9,332.713 0 147.000 5,338,465 4,700,000 0 0 19,518,178 20,940,514 22.038.235 Proceeds of Debt 15 0 0 0 0 11,000,000 16.861,000 27,861,000 37,140,000 22.250,664 Proceeds of Capital Asset Sales 16 235,000 0 0 0 0 0 5,000 240,000 60,000 94,038 Total Revenues and Other Sources 17 64,784,419 59,448,880 10,856,761 13,198,225 17,200,000 0 41.152,587 206,640,872 200,745,008 179.488.559 Expenditures & Other Financing Uses Public Safety 18 33.966.104 4,953,297 0 0 38,919,4111 35,548,857 33.872.289 Public Worts 19 6,398,197 25,188,697 0 0 31,586,894 34,111,524 34,507,335 Health and Social Services 20 339,554 0 0 0 339,554 323,760 273,898 Culture and Recreation 21 12.256.947 0 0 0 12,256,947 12,013,361 9.908.097 Commnnih- and Economic Development 22 4.957,583 10,695,519 2,673,698 0 18,326,800 16,872,846 13.419,746 General Government 23 10,291,331 17,472 0 0 10,308,803 10,776,650 9.638,330 Debt Service 24 0 0 0 13,403,500 0 13,403,500 13,157,973 22,322,739 Capital Projects 25 0 13,940,150 0 22,200,O00 0 36,140,150 30,644,365 18.492,229 Total Government Activities Expenditures 26 68,209,716 54,795,135 2,673,698 13,403,500 22,200000 0 161,282,049 153,449,336 142.434.663 Business Type Proprielmy: Enterprise & 1SF 27 39.105,736 39,105,736 47,556,812 22.630,807 Total Gov & Bus Type Expenditures 28 68,209,716 54,795,135 2,673,698 13,403,500 22,200,000 0 39.105,736 2(10,387,785 201,006.148 165.065,470 Total Transfers Out 29 147,000 9,161,917 7,914,560 0 0 0 2,294,701 19,518,178 20,940,514 22,038,235 Total ALL Expenditures/Fund Transfers Out 30 68,356,716 63,957,052 10,588,258 13,403,500 22,200,000 0 41.400,437 219,905,963 221,946,662 187.103,705 Excess Revenues & Other Sources Over 31 (Under) Expenditures/Transfers Out 32 -3,572,297 —4,508,172 268,503 -205,275 -5,000,000 0 -247,850 -13,265,091 -21,201,654 -7.615,146 Beginning Fund Balance July 1 33 19,413,836 30,537,317 543,361 823,418 21,829,681 0 14.944,016 88,091,629 109,293,283 116.908,429 Ending Fund Balance June 30 34 15,841,539 26,029,145 811,864 618,143 16,829,681 0 14,696,166 74,826,538 88,091,629 109,293,283 EXPENDITURES SCHEDULE PAGE 1 City Name. WATERLOO Fiscal Year July 1, 2021 - June 30, 2022 GOVERNMENT ACTIVITIES GENERAL SPECIAL REVENUES TIF SPECIAL REVENUES DEBT CAPITAL PROJECTS PERMANENT PROPRIETARY RE ESTIMATED 2021 ACTUAL ACTUAL BUDGET 2022 SERVICE PUBLIC SAFETY Police Department/Crime Prevention 1 18.033,102 2,650,353 20,683,455 19.151,176 18.067,354 Jail 2 0 0 0 Emergency Management 3 96.187 96,187 96,012 94,502 Flood Control 4 0 0 0 Fire Department 5 11.247.102 1.903,964 13,151,066 12.161.310 11.620.276 Ambulance 6 3,268,671 398,980 3,667,651 2,778,916 2,872,323 Building Inspections 7 1,321,042 1,321,042 1.361.443 1,217,834 Miscellaneous Protective Services 8 0 0 0 Animal Control 9 0 0 0 Other Public Safety 10 0 0 0TOTAL (lircs 1 -10) Il 33,966,104 4,953,297 0 38,919,401 35,548,857 33,872,289 PUBLIC WORKS Roads, Bridges, & Sidewalks 12 215.000 19.762,851 19,977,851 22.963.807 24.871,448 Parking- Meter and Off -Street 13 524.300 524,300 546.460 451.8 4 Street Lighting 14 523,180 523,180 518.000 520,81 Traffic Control and Safety 15 1,674,124 1,674,124 1,616,258 1,481,756 Snow Removal 16 1,855,542 1,855,542 1.855,542 1.607,841 Highway Engineering 17 0 0 0 Street Cleaning 18 0 0 0 Airport 19 1.132.997 1,373,000 2,505,99 2,057,I1 1.512,431 Garbage (if not Enterprise) 20 _ 0 0 0 Other Public Works 21 4.525,900 -{,525,900 4,552,34 4.038.217 TOTAL (lines 12 -21) 22 6.398.197 25.188,697 0 31,586.894 34,111.524 34.507.335 HEALTH & SOCIAL SERVICES Welfare Assistance 23 0 0 0 City Hospital 24 0 0 0 Payments to Private Hospitals 25 0 0 0 Health Regulation and Inspection 26 0 0 0 Water. Air, and Mosquito Control 27 0 0 0 Community Mental Health 28 0 0 0 Other Health and Social Services 29 339,554 339,55 323,760 273,898 TOTAL (lines 23 - 29) 30 339.554 0 0 339,554 323.760 273,898 CULTURE & RECREATION Library Services 31 2.812.678 2,812,678 2.726.191 2.464.501743 Museum, Band and Theater 32 2,022 372 2,022,372 2,008,272 Parks 33 3,247,525 3,247,525 3,129,930 2,699,572 Recreation 34 3.277.352 3,277,352 3.280.197 2.873.032 Cemetery 35 60,000 60,000 50.000 50.000 Community Center, Zoo, & Marina 36 837.020 837,020 818.771 763,249 Other Culture and Recreation 37 0 0 0 TOTAL (lines 31 -37) 38 12,256,947 0 0 12,256,947 12.013,361 9,908.097 EXPENDITURES SCHEDULE PAGE 2 City Name: WATERLOO Fiscal Year July I, 2021 -June 30, 2022 GOVERNMENT ACTIVITIES GENERAL SPECIAL REVENUES TIF SPECIAL REVENUES DEBT SERVICE CAPITAL PERMANENT PROPRIETARY BUDGET 2022 RE - ESTIMATED 2021 ACTUAL 2020 PROJECTS COMMUNITY & ECONOMIC DEVELOPMENT Community Beautification 39 0 0 0 Economic Development 40 1,198,796 1,198,796 L196,108 1,608,415 Housing and Urban Renewal 41 62,440 10,695,519 10,757,959 10.603.857 7.607,966 Planning & Zoning 42 735,382 735,382 701,663 668.094 Other Com & Econ Development 43 2,960,965 147,000 3,107,965 4,371.218 1.315,533 TIF Rebates 44 2,526,698 2,526,698 0 2,219,738 TOTAL (lines 39-44) 45 4,957,583 10,695,519 2,673,698 0 18,326,800 16,872,846 13,419,746 GENERAL GOVERNMENT Mayor, Council, & City Manager 46 1,152,189 1,152,189 997,660 855,759 Clerk, Treasurer, & Finance Adm. 47 1,579,329 1,579,329 1,430,295 1.216,761 Elections 48 60,000 60,000 0 32,500 Legal Services & City Attorney 49 321,597 321,597 353,135 301.797 City Hall & General Buildings 50 714,117 714,117 691,951 532,206 Ton Liability 51 2,130,969 2,130,969 1,931,858 2,090,278 Other General Government 52 4,333,130 17,472 4,350,602 5,371,751 4.609,029 TOTAL (lines 46- 52) 53 10.291331 17,472 0 0 10,308,803 10.776.650 9.638,330 DEBT SERVICE 54 13,403,500 13,403,500 13.157.973 22.322,739 Gov Capital Projects 55 13,940.150 17.500.000 31,440,150 24.795.332 13.352.330 TIF Capital Projects 56 4.700.000 4,700,000 5.849,033 5.139,899 TOTAL CAPITAL PROJECTS 57 0 13,940.150 0 22.200.000 0 36,140,150 30.644,365 18.492.229 TOTAL Government Activities Expenditures (lines 11+22+30+38+45+53+54+57) SR 68,209,716 54,795.135 2,673,698 13,403,500 22.200.000 0 161,282,049 153,449,336 142,434,663 BUSINESS TYPE ACTIVITIES Proprietary: Enterprise & Budgeted 1SF Water Utility 59 0 0 0 Sewer Utility 60 8,915,467 8,915,467 10.200,473 7.128.579 Electric Utility 61 0 0 0 Gas Utility 62 0 0 0 Airport 63 0 0 0 LmudflVGarbage 64 6,088,462 6,088,462 6,029,583 4.421,015 Transit 65 0 0 0 Cable TV, Internet & Telephone 66 0 0 0 Housing Authority 67 0 0 0 Stone Water Utility 68 1,638,035 1,638,035 0 1,084,576 Other Business Typc (city lamp., 1SF, parking, etc.) 69 0 0 0 Enterprise DEBT SERVICE 70 1,148,179 1,148,179 1.015.750 249.605 Enterprise CAPITAL PROJECTS 71 21315,593 21,315,593 30,311,006 9.747,032 Enterprise TIF CAPITAL PROJECTS 72 0 0 0 TOTAL Business Type Expenditures (lines 59 - 72) 73 39,105,736 39,105,736 47,556,812 22.630,807 TOTALALL EXPENDITURES (lines 58+73) 74 68,209,716 54,795,135 2,673,698 13,403,500 22,200,000 0 39,105,736 200,387,7R5 201,006,148 165,065,470 Regular Transfers Out 75 9,161.917 2,294,701 11,456,618 11,898,942 14.713,409 Internal TIF Loan/ Repayment Transfers Out 76 147,000 7,914,560 8,061,560 9,041.572 7.324.826 Total ALLTransfers Out 77 147,000 9,161.917 7,914,560 0 0 0 2,294,701 19,518,178 20,940.514 22,038.235 Total Expenditurrs & Fund Transfers Out (lines 74+77) 78 68 356,716 63,957.052 10,588,258 13,403,500 22.200.000 0 41,400,437 219,905,963 221,946.662 187.103,705 Ending Fund Balance June 30 79 15.841,539 26.029.145 811,864 618,143 16.829.681 0 14,696,166 74,826,538 88.091,629 109.293,283 REVENUES DETAIL City Name: WATERLOO Fiscal Year July 1, 2021 - June 30.2022 SPECIAL REVENUES TIF SPECIAL REVENUES DEBT SERVICE CAPITAL PROJECTS PERMANENT PROPRIETARY BUDGET 2022 RE-ESTIMATEDGENERAL 2021 ACTUAL 2020 REVENUES & OTHER FINANCING SOURCES Taxes Levied on Property 1 22,762,016 13,120,730 7,392,925 0 43,275,701 42,422,199 40,122621 Less: Uncollected Property Taxes- Levy Year 2 0 0 0 Net Cumin( Property Taxes (line l minus line 2) 3 22,762046 13,120,730 7,392,925 0 _ 43.275,701 42,422,199 40.122,621 Delinquent Property Taxes 4 0 0 34,427 TIF Revenues 3 10699.761 10,699,761 9,388,510 8.172.491 Other City Taxes: Utility Tax Replacement Excise Taxes 6 732,557 423,130 209,175 0 1,364,862 1,445,550 1,434,477 Utility fsnmiss tax (Iowa Code Chapter 364.2) _ 7 4,390,000 4,390,000 4,390,000 4,398,687 Parimutuel wager tax 8 0 0 0 Gaming wager tax 9 1218.700 1,218,700 1,130,000 980.087 Mobile Home faxes 10 34.70(1 10,000 44,700 46,700 60,781 HoteUMotel Taxes 11 1,419,581 1,419,581 1,019,191 1129,244 Other Local Option Taxes 12 10360,O00 10,360,000 9,72(1,00(1 10,237,425 Subtotal -Other City Taxes (lines 6 ihru 12) 13 7,795,538 10,783,130 219,175 0 18,797,843 17,751,441 18240701 Licenses &Permits 14 1389.060 22,000 18775 1,429,835 1,434,585 1,469,725 Use ofMonet: &Property 15 1.131.700 248,150 10,000 6,000 18,000 1A13,850 1,416,878 3.026.235 Intergovernmental: Federal Grants & Reimbursements 16 926.081 14,191,419 15.117,500 13.415,056 9,312,398 Road Use Taxes 17 8,810,882 8,810,882 8,810,882 8,792,796 Other State Grants & Reimbursements I8 990,818 488,819 0 241,660 0 1,400,000 3,121,297 1,691,156 2,637,492 Local Grants & Reimbursements 19 390.965 11,456,000 273,624 12,120,589 7,407,004 3,515,138 Subtotal- Intergovernmental (lines 16 thru 19) 20 2.307.864 34,947,120 (r 241,660 0 1,673,624 39,170,268 31,324,100 24257,824 Charges for Fees & Service: Water Utility 21 0 0 0 Sewer Utility 22 16,895,665 16,895,665 14,102,665 13 358,037 Electric Utility 23 0 0 0 Gas Utility 24 0 0 0 Parking 25 515,000 515,00(1 554,361 461,575 Airport 26 221.460 100,000 321,460 99,307 310,779 Landfill/Garbage 27 5,680,523 5,680,523 5,572,415 4,274,014 Hospital 28 0 0 0 Transit 29 0 0 0 Cable TV, Internet & Telephone 30 0 0 0 Housing Authority 31 0 0 0 Storm Water Utility 32 0 2,388,000 2418,968 Other Fees & Charges for Service 33 11,162.658 156,850 11,319,508 7,724,261 8,446,193 Subtotal- Charges for Service Dines 21 thm 33) 34 11,899,118 256,850 0 0 0 22,576,188 34,732,156 30,441,029 29,269,566 SpccialAssesanents 35 198,0W 198,000 250.000 201,413 Miscellaneous 36 7,733,380 70,900 1,500,000 9,304,280 8,175,752 10310,619 Other Financing Sources: Regular Operating Transfers In 37 _ 9.061,917 2,394,701 11,456,618 11,898,942 14.713,409 Internal lIP Loan Transfers In 38 270,796 147000 2,943,764 4,700,000 8,061,560 9,041,572 7,324,826 Subtotal ALL Operating Transfers In 39 9,332,713 0 147,000 5,338,465 4,700,000 0 0 19,518,178 20,940,514 22,0311,235 Proceeds of Debt (Excluding TIF Internal Borrowing) 40 11,000,000 16,861,000 27,861,000 37,140,000 22250,664 Proceeds of Capital Asset Sales 41 235,0W 5,000 240,000 60,(XX) 94.038 Subtotal -Other Financing Sources (lines 381hru 40) 42 9.567.713 0 147,000 5,338,465 15,700,48 0 16,866,000 47.619.178 58,140,514 44382.937 Total Revenues except for beginning fund balance (lines 3, 4, 5, 13, 14, 15, 20, 34, 35, 36, & 41) 43 64.784419 59,448880 , ID,856,761 I3198 225 17,200,000 0 41,152,587 206,640,872 200,745,008 179,488,559 Beginning Fund Balance July l 44 19,413,836 30,537,317 543,361 823,418 21,829,681 0 14,944,016 88,091,629 109293,283 116,908,429 TOTAL REVENUES & BEGIN BALANCE (lines 42+43) 45 84.198255 89,986,197 11A00,122 14,021,643 39,029,681 0 56,096,603 294,732,501 310,038291 296.396,988 LONG TERM DEBT SCHEDULE- LT DEBT! GENERAL OBLIGATION BONDS, TIF BONDS, REVENUE BONDS, LOANS. LEASE -PURCHASE PAYMENTS Debt Name Amount of Issue 7t a of Debt 1' Obligation Debt Resolution Number Principal tl !' Duc FY Interest Due FY Total Obligation Due FY Bond Reg./ g Paying Agent Fees Due FY Reductions due to Refinancing or prepayment of Certified Debt Paid from Funds OTHER THAN Current Year Debt Service Taxes Amount Paid Current Year Debt Service Len Corporate Purpose Series 2012A I 8,040,000 GO 450,000 60,730 510,730 107,799 402,931 Corporate Purpose Series 2013A 2 5,835,000 GO 400.000 76,844 476,844 476,844 Corporate Purpose Series 2013B 3 6,565,000 GO 475.000 111,998 586,998 376,440 210,558 Corporate Purpose Series 2014A 4 10,065,000 GO 435,000 114,956 549,956 549,956 Corporate Purpose Series 2014E 5 4,970,000 GO 345.000 112.416 457,416 457.416 Corporate Purpose Series 2014C 6 8,515,000 GO 570.000 11,400 581,400 86,700 494,700 Corporate Purpose Series 20I5A 7 12,455,000 GO 795.000 246,931 1,041,931 504,156 537,775 Corporate Purpose Series 2015E 8 1,545,000 GO 100.000 33,695 133,695 133,695 Corporate Purpose Series 2016A 9 8,605,000 GO 745,000 101,700 846,700 83 300 763,400 Corporate Purpose Series 2016B 10 1,810,000 GO 110.000 32,783 142,783 142.783 Corporate Purpose Series 2016C II 9,250,000 GO 380.000 206.362 586,362 586.362 Corporate Purpose Series 20I7A 12 9,245,000 GO 2017-182 815,000 172,650 987,650 202,400 785,250 Corporate Purpose Series 2017E 13 3,600,000 GO 2017-182 220.000 79.148 299,148 299148 Corporate Purpose Series 2017C 14 8,100,000 GO 2017-182 360,000 205,275 565,275 565,275 Corporate Purpose Series 2018A 15 10,505,000 GO 2018-111 710.000 217,200 927,200 332,500 594,700 Corporate Purpose Series 2018B 16 1,070,000 GO 2018-111 100,000 25,880 125,880 125,880 Corporate Purpose Series 2019A 17 6,790,000 GO 2019-383 625,000 168,600 793,600 793,600 Corporate Purpose Series 20I9B 18 3,210,000 GO 2(119-384 295.0110 71.175 366,175 366,175 Corporate Purpose Series 2019C 19 2,770,000 GO 2019-754 400.000 39.100 _ 439,100 439,100 Corporate Purpose Series 2019D 20 3,625,000 GO 2019-755 500,000 51,755 551,755 369,103 182,652 Corporate Purpose Series 2020A 21 7,025.(000 GO 2020-448 415.000 132,100 547,100 547,100 Corporate Purpose Series 2020B 22 8,235,000 GO 2020-148 765.000 106.552 871,552 232,303 639,249 Planned Issues - Series 2021 23 19,750,000 GO 2021-160 900,000 100,000 1,000,000 1,000,000 Rollback Replacement Revenue 24 GO 0 241,660 -241.660 TIF Fund Transfer 25 GO 0 3,149,039 -3,149,039 Iowa Reinvestment District Fund Transfer 26 GO 0 100,000 -100.000 Mobile Home Taxes 27 GO 0 10,000 -10.000 Interest Revenue 28 GO 0 G,000 -6,000 Bond Registration Fees, Debt Service Expenses 29 GO 0 14,250 14.250 30 - 0 0 TOTALS 10.910.000 2,479,250 13 389,250 14,250 0 5,801,400 7,602,100 LONG TERM DEBT SCHEDULE - GRAND TOTALS GENERAL OBLIGATION BONDS, TIF BONDS, REVENUE BONDS, LOANS. LEASE -PURCHASE PAYMENTS Principal Due FY2022 Interest Due FY 2022 Total Obligation Due FY2022 Bond Reg./ Paying Agent Fees Due FY 2022 Reductions due to Refinancing or Prepayment of Certified Debt Paid from Sources OTHER THAN Budget Year Debt Service Levy Amount Paid Budget Year Debt Service Levy GO -TOTAL 10,910,000 2,479,250 13,389,250 14,250 0 5,801,400 7,602,I00 TOTL 0 0 0 0 0 0 0 GRAND- TOTAL 10,910,000 2,479,250 I3,389,250 14,250 0 5,801,400 7,602,100 Meeting Date: 3/1/2021 Meeting Time: At the public hearing any resident or taxpayer may City Website (if available) wine cityofwaterlooiowa.com NOTICE OF PUBLIC HEARING - CITY OF WATERLOO - PROPOSED PROPERTY TAX LEVY Fiscal Year July 1, 2021 - June 30, 2022 The City Council will conduct a public hearing on the proposed Fiscal Year City property tax levy as follows: 05:30 PM Meeting Location: In response to COVID-19, The City is holding electronic meetings via Zoom as permitted by the Governor's Disaster Emergency Proclamations. Visit nr.cityof vatedooiowa.com/register for information on how to participate or call the City 319-291-1323 present objections to, or arguments in favor of the proposed lax levy. After adoption of the proposed tax levy, the City Council will publish notice and hold a hearing on the proposed city budget. City Teleplor e Number (319) 2914323 Current Year Certified Property Tax 2020-2021 Budget Year Effective Property Tax 2021 -2022 Budget Year Proposed Maximum Property Tax 2021-2022 %CHG Annual RegdmTamblc Valuation 2,333,962,545 2,344,836,606 2,344,836,606 Tax Levies: Regular General 18,905,259 18,905,259 18,993,170 Contract for Use of Bridge 0 0 5 Opr& Maint Publicly Owned Transit 1,462,588 1,462,588 1,506,465 Rent, Ins. Maint. Of Non -Owned Cis. Ctr. 0 Cr 0 Opr& Maint of City -Owned Civic Center 0 0 0 Planning a Sanitary Disposal Project 0 0 0 Liability, Property & Self -Insurance Costs 1,431,858 1,�91,012 ) G90 Support of Local Enter. Mgml. Commission 96.012 96,012 96,187 87 Emergency 630.175 975,783 Police & Fin; Retirement 4,6+3,388 4,6643,385 13,388 98,8 FICA & IPERS 2,141,677 2,131,66 2,198,8442, Other Employee Benefits 6,035,668 6,035,668 8,224,730 Total Tax Levy 35.346.625 35,346,625 38,259,216 8.24 Tax Rate 15.14434 15.07424 16.3I637 Ezplanahon of Km man increases m the budget: The printery masons for the increase in property tax askings is for personnel costs, including funding health costs and increases in fire and police pension costs. If applicable, the above notice also available online at: Irwrocityofwaterlookiwa.com/FY2022budget *Total city tax rate will also include voted general fund levy, debt service levy, and capital improvement reserve levy. "Budget year effective property tax rate is the rate that would be assessed for these levies if the dollars requested is not changed in the coming budget year Commercial & Industrial Replacement Claim Estimation City Name: WATERLOO Fiscal YearJuly I, 2021 - lune 30, 2022 This sheet has been designed to alto each city to estimate the amount of property tax imbursenrent that will be received from the State for each fund. Commercial-Non-TIF Commerical TIF - Industrial - Non-TIF Industrial -TIF Taxable 1 627,365,261 210,124,612 106,502,358 71.555.460 100%Assessed 2 720,419,680 210,124,612 126,286,560 71,555,460 A REPLACEMENT General Fund 3 846,318 REVENUES LINE 18 Special Fund 4 488,819 REVENUES, LINE 18 Debt Fund 5 241,660 REVENUES LINE IR Capital Reserve Fund 6 0 REVENUES. LINE 18 REPLACEMENT PAYMENT PERCENTAGE Beginning in FY 2021-2022. the amount of commercial & industrial replacemei t payme its paid by the Slate of Iowa to local governments becomes limited by the total amount of payments made in FY 2016-2017. This limitation of total dollars available for repayment of commercial & industrial replacement ci bus may cause all payments to local governments to be pro -rated. The amount ofpmmtation necessary for the budget year will not be known until August. but the dropdown below will allow the estimated commercial & industnal mpla eurent payments to be reduced by a selected pmmtion percentage. To reduce that estimated amount of commercial & industrial replacement paym nt budg led for the coining fiscal year, complete an esitmation of the replacement payment above. Once complete, select a proration percentage from the list below. The proration percentage will limit the amount of estimated mplacen enl payment budgeted. This will hopefully prevent an overestimation in the budget year revenues. Proration Percentage 75% Please input the amount of revenue being received from any grants or money, reimbursements from the State of Iowa, excluding the replacement amounts on fines 3 through 6 above. Separate the revenues hJ fund receiving the General Special Revenue TIP Sp. Revenue Debt Service Capital Projects Proprietary Other State Grants & Reimbursements 144,500 IA00.000 LOCAL EMC SUPPORT City Name: WATERLOO Fiscal Year July 1, 2021 -June 30, 2022 As provided in Iowa Code Section 384.12. subsection 22, a city may levy the amount necessary in support of a local Emergency Management Commission. In addition to this individual levy. Emergency Management Commission support may also be included as part of the General Fund Levy. Iowa Code Section 29C.17. subsection 5 states that any support from cities or counties must be separately reported on tax statements issued by the county treasurer. Input the amount of General Fund Levy request to be used for support of an Emergency Mmagemer t Commission. The total below will reflect the total amouml of Emergerev Maagement Conmrissiou en rt rounded be [h C"t Request with Utility Replacement Property Tams Levied Portion of General Fund Levy Used for Emerg. Mgnu. Comm. 0 Support of a Local Emerg.Mgmt.Conmr' 96,187 93,180 TOTAL FOR FY 2022 96.187 93.180