HomeMy WebLinkAboutCouncil Packet - 3/3/2025CITY OF
44iLTERLO 0
IOWA
THE CITY COUNCIL OF WATERLOO, IOWA
WORK SESSION TO BE HELD AT
Harold E. Getty Council Chambers
Monday, March 3, 2025
4:15 PM
RULES FOR WORK SESSION PUBLIC COMMENT
Iowa Code Chapter 21 gives the public the right to attend council meetings, but it does not
require cities to allow public participation except during public hearings.The city council shall
not receive any public comment during a work session.
Roll Call.
Agenda, as proposed or amended.
Approval of Minutes of the February 17, 2025, as proposed or amended.
4:15 p.m. Discussion of FY2026 budget.
Submitted by: Bridgett Wood, Finance Director
ADJOURNMENT
Kelley Felchle
City Clerk
Page 1 of 10
February 17, 2025
COUNCIL WORK SESSION
Harold E. Getty Council Chambers
4:25 p.m.
Roll Call.
Members present: Mayor Pro Tem Ray Feuss in the Chair. Roll Call: Mr. Boesen, Mr. Nichols
and Mr. Feuss. Ms. Creighton -Smith arrived at 4:37 p.m. and Mr. Chiles arrived at 4:46 p.m. Mr.
Simon and Ms. Wilder were absent.
Approval of Agenda, as proposed or amended.
Boesen/Nichols
that the agenda as proposed be approved. Voice vote -Ayes: Four. Motion carried.
Approval of Minutes of the February 3, 2025, Council Work Session as proposed or amended.
Boesen/Nichols
that the minutes of February 3, 2025 Work Session, as proposed, be approved. Voice vote -
Ayes: Four. Motion carried
Update from the Grout Museum.
Margaret Moye, Grout Museum Director, shared that she has been director of the museum for
the last six months and provided an overview of activities that have occurred at the museum
during that time and various upcoming events and projects.
Discussion of providing sidewalk sand.
Mr. Boesen commented that the city in years past provided sidewalk sand at city parks for
citizens to use. The program was somewhat discontinued, though he was able to get sand both
last year and this year through Leisure Services. He shared that the Public Works Director
does not want to provide sidewalk sand and the comment he received was that the city does
not provide public funds for private use. Mr. Boesen gave an example of when the city provides
land for a dollar, so the developer can move forward with a project, stating that this is providing
public funds for private use.
Mr. Boesen shared that the cost of the sand would be about $300, and asked for council
support with a resolution to have sidewalk sand provided at four city parks, two on each side of
the river.
Mr. Boesen shared that he received concerns from Mr. Chiles that the sand would get into the
storm sewers.
Mr. Nichols questioned if this would be a one-time load or if it would continue to be replenished.
Todd Derifield, Interim Leisure Services Director, shared that in the past the left -over sand was
picked up by Public Works and used for construction projects. This year a larger load was
Page 1 of 2
Page 2 of 10
purchased, and the price went up to $110. He confirmed that the loads did not have to be
replenished.
Council discussed the matter with Todd Derifield.
Mr. Boesen commented that he would like to hear if there is support from the other city council
members on whether they want to move forward with this.
Ms. Creighton -Smith supports providing sand for the citizens whether it be at four locations or
just one.
Mr. Nichols commented that he would support the sand but that it does not necessarily need to
be in four locations.
Mr. Feuss questioned the amount of people have contacted Mr. Boesen or Mr. Huting.
Mr. Boesen shared that it is between 8 and 10 people that have reached out.
Mayor Hart questioned why the practice stopped and who managed the program.
Randy Bennett, Public Works Division Manager, explained that the public works department
used to take care of sand distribution. After further review of the program, it was determined
that this practice was not a proper use of taxpayers' funds and that is why they stopped. This
was confirmed by the city attorney and the League of Cities.
Mr. Chiles commented that he does not believe $110 is a problem to spend if the citizens need
it and questioned which department would spearhead this.
Mr. Boesen commented that he would support spending $110 on one location with 13 tons of
sand.
ADJOURNMENT
Feuss/Nichols
that the council adjourn at 4:54 p.m. Voice vote -Ayes: Five. Motion carried.
Kelley Felchle
City Clerk
Page 2 of 2
Page 3 of 10
3/3/2025
FY2026 PROPOSED LEVY RATES
CITY OF WATERLOO, IOWA
March 3, 2025
I II l'l II,1111. �,., �.,
+ i1a:
CITY OF
4!Vj4TERLOO
Community of Opportunity
1
2
1
Page 4 of 10
3/3/2025
Oollgr Request with
... Limit .................. Purpo!9..................... ........................,.. UtiIHy Reykaement....
891000 Combined General Fund 5 21,047385
Non -Voted Other Permissible Levies
e95000 Opr & Maint publicly owned Transit
avow Aviation Authority (under Sec-330A-15) u 0,
Main Liability. property & self insurance costs M 2,679,018
Aes Su9900tOfaLOcal Emeria.MQmt.Comm. 402 93,284
Voted Other Permissible Levies
151x00 Uniheo Law Enforcement 24
Total General Fund Regular Levies (5 thru 24) 25 25.441.682
300375 Ag Land 26 .............. 46,535
Total General Fund Tax Levies (25+ 26) 27 25.48821700.
Special Revenue Lev es
Arra Nw Police & Fire Retirement 29 ..., ,,. 5,203,170
Arr,hl.0 FICA & IPERS (if general fund at levy limit) 30 .,, 2,633 403
AIM 51e4 Other Employee Benefits 31 12.417,057
Total employee !Benefit Levies (29,30,31) 32 20.303.630i i
Valuation
As R.q WO Gas & Elec Without Gas & Sec
SSMEI1 as .................._...�......_...___al._.._......_........_......._..........__,.... 34
SSMD2[u.,»......................�....,.. 00 ..................,,.�....,..-.�.,.�»...�. 21
SSW) 3 w.....„_..._..._.._...__..._..,_, 1., ..._.._. 36
SSM04 w .....______...__..�.�� at37
SSMU 5 w nl 555
S5M06 w
5514107 ro, la, att
1 621„995,'p
55M08 r,
Total Special Revenue Levies 39 20.303.630::i::ii:i i 19,644,518:;isiii::iitF$ii:£'iss;;;;'.>`
Property Taxes
20,364,118
,1,569340 ',3
0
2, 502 048
90 256
24.615 762
4r
24 6621S',
5 082 642
2547915
12.013,961
19,644,518
Ras
$8.91000
50, 68664.,,
43 ..................�.
52 S113411 ,
465 SO 03949
Do Not Add
„4,2,223b3
31.11460
35.2565_
Arm N43 Debt Service Levy 76.10(6) 49 9.954.114
067500 Capital Projects (Capital Improv. Reserve) 41
Total Property Taxes (27+39+40+41) 42 55.745.961
40 9,699,413 :; : 70 $3.32151
45 00
42 54.006,228 0::( 72 $22.60690
3
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(8) (el
CITY OF
ADOPTED
waterloo
Dopaimrnt c11.4 eam.
2026 Fiscal Years
BUDGET SUMMARY
YEAR ENDED JUNE 30,
GENERAL
lC)
SPECIAL
REVENUES
(D)
TIF
SPECIAL
REVENUES
(E)
DEBT
SERVICE
(F)
CAPITAL
PROJECTS
(G)
PERMANENT
H
ROPRIETAR1
I(
BUDGET
2026
(4)
RE4STIMATED
2025
_—Ix) '
21144465
_ 21,786 053....
1,519I05
2,448,000
ACTUAL
2024
(L)
13664,602
23423.923
1,677,712
8.359,115
TFR.wraes 5;999,E!
8,794 620
1484.520
,,.,P.,
12,659112
17,500
659.180
23902048
:.r m
„,;1% w
100,000
,1,9 ,;t,.
:;j;
s --
�:.«
„ „,;1
0
F i
.... "? ...':
12.500
215,000
23,902.040
21 718,433
1,514,520
2,714,680
hh.6014,.s 6
266,701
„, „, ,„ s
25,000
0
„ µ
0
.. .. .---_------
Lhrws&Peahs7
,
UsedM LadPoo5 8
1.715.500
t+ayovemm mi 9
2,153.220
39.841,134
164.473
346.605
45.792175
'0
1.736,579
90,024,177
76,395.232
39.466,112
Chaves for Feee69aude 10
13877.261
399400
`' '03
0
0
26 001,346
40,279.007
39.254,131
41,276.122
Sois010.045171.5 it
245000
0
<
0
0
77
10,000
255,000
510,009
374,334
_.ree.,.s 12
8.493.773
102 250
::-,':„x s::.
0
2_300,000
0
10,896,023
11940 279
sie-Tord9waas 13
—
61426.191
„_,,.
73323,394
24,156,521
10,335,119
48092.175
.,_..,,—,
.'975,416
245,309,116
_
226.396576
—14_4fi2.616
188029,798
°tha Fna.ing Swops:
?:, 4...1 , r
:':':,x1 ,1
M.
3 "'w
Total n,nawsln 14
15315162
5.000,000
0
8,891,684
12.500,00"
0
41,706,846
51,859,098
25774,956
pwueds of DebR 15
0
0
0
0
6.00000,...
' 000.000
13,000.000
67.698,102
32.422,623
mowed o1e,o+,lA ers,io 16—
.—....�_..�.m.._.._—
80,000
0
0
a
0
5,001
90,000
90,000
t91,795
Total Revenues and 041er5owoes 17
76.826.353
78.323.094
24.17. -
19.227.403
6( `- 175
0
1980.416
300,105.962
346.045.776
246.419.167,
EaendEures&Other Fanoina Use
;3:7 3433:
:31::.k...:.
'i
:' �:,
Pud45aleov 18
41,014197
5,264,324
0
::<:
46298,521
44,707,357
42.521,648
PudcWaks 19
7.479,927
34,557276
_
_ -
42,037,203
44665,639
32,596085
Medh.dsos45enrce ....._......_.... 20.....412763...----
--0._........_.
.._.......
:£
412763
397.202.........
372,010
Cul..and Re.takn 21
14,023.261
0
0
14.023,261
13.548,997
12,282,293
CommurAyadEcnn.acawekpmen, 22
4,409506
17116,680
382
3
t:
26353.098
25.840,458
17,653,528
c.n.,1Govemmear5l23
13,422.123
17,472
_._
0
x-'13
13,439,595
12.841,409
13461747
�..—_ 24
os o
"—. 0
_._. Q_..._.
_._.
';3
19066712.—
15992120,_14674,659
Cap3a1Prgear 25
0
14,540,000
0
93982.175
134.437,585
47,578,080
Ted Gaaenmenr Anddre, Evpendha. 26
80761,777
71.515752
3326-._
-
d
254,013,318
292,430,757
177,140,250
e0600213pepo0,s, Esepr3e615r 27
.,
..,
: _..,
37.919.987
37913.987
43071767
31,966464
Iota Gov Pr Bus Type 5enendxures 26
80761.77,'
3.826,902
0
37.919.967
291.933.305
335.502.564
209.096,714
Teta Tandem out 29
5,300.006
356
19,086.372
0
2116.076
41,706,846
51.85 V.R.
25,774,956
TotalT,ALLEapendnute56udTtaa7ws 30
86.061777
-'; 720.1502,013.274
— 2
- 19.066 '
.........1
_,1036.(163
333 649.151
_
" 387 3E',
"" 231,871,610
Eo.ofev. e50iw9.w.,0o 31
Rkda month w7rruknG:n 37
Bttrin Fund era,e.aui11 33
42.465.213
32,112,212 4160514.
461027
15.772.6T.:
0
28.611.381
123,62.
164938.892 153.39" :
ndlm Fund B.1.,c. dun.10 34
33729794
23715156 5.473761
641718_
35226: �.
0
23 555 734
90 OK •
123623006- 1649333..
4
2
Page 5 of 10
3/3/2025
FY2026 Proposed Levy Rates
Non-Ag Change 2.699%
Ag Change (.001 %)
Tax Rate Comparison -Current VS. Proposed
Residential property with an Current Year Budget Year Percent
Certified Proposed Change
Actual/Assessed Valuation of $100,000/$110.000 2024/2025 2025/2026
City Regular Residential 1.023 1,184 15.74
Commercial property with an Current Year Budget Year
Percent
Certified Proposed
Actual/Assessed Valuation of 5300,000/$330,000 2024/2025 2025/2026 Change
City Regular Commercial 4.515 5,289 17.14
Nate:Actual/Assessed Valuation is multiplied by a Rollback Percentage to get tothe Taxable Valuation to calculate Property Taxes Residential and comrnerdal properties
have the same rollback percentage through S150.000 of actual/assessed valuation.
5
Program
FY2026 Proposed Levy Rates
Percentage of
Tax Levy Portion Levy
Police and Fire $ 14.34057 63%
Debt Service $ 3.32151 15%
All Other Services $ 5.02482 22%
Total City Levies $ 22.68690 100%
Total
$ 22.68690
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Page 6 of 10
3/3/2025
FY2026 Proposed Levy Rates
Program - Breakout of Other
Building Inspections
Public Works
Health & Social Services
Culture & Recreation
Community & Economic Development
General Government
Total Other
Tax Levy Portion
$ (0.05360)
$ 0.866700
$ 0.118600
$ 2.92577
$ 0,174780
$ 0.99257
$ 5,024820
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General Fund City Services*
Function
Proposed Levy Rate
Expenditures
Public Safety
Public Works
Health & Social Services
Culture & Recreation
Community & Economic
Development
General Government
$46.3 million
$7.5 million
$0.41 million
$14.0 million
$4.4 million
$13.4 million
*Funded primarily by Property Taxes
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Page 7 of 10
3/3/2025
Debt Service Fund
Bond Interest
$2,964,100
Admin Fees
$14,250
$12,010,000
Bond Principal
For the Year Ending 6-30-2026
With the Proposed Levy Rates, property taxes will fund $9.9 million for
FY2026, and that revenue is restricted for debt repayment.
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How are property taxes calculated?
• County Assessor sets property values
• State sets "roll -back" or the percentage of total
value that is taxable
• State issues "equalization orders" designed to
equalize values of different categories of
property every two years
• Cities, counties and school districts set their
portions of the levy rate
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Page 8 of 10
3/3/2025
How are property taxes calculated?
• The State continues to increase the residential
roll -back, resulting in 47.4316% of a home's value
being taxable for FY2026
• Changes started in FY2024 for Commercial,
Industrial, and Railroad Properties. Those
properties are taxed on the first $150,000 at the
residential rollback rate of 47.4316%. The
remaining amount over the $150,000 will be taxed
at the 90% rollback.
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How is the tax bill on my home determined?
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FY2025
Certified
FY2026
Proposed
Assessed Value
$ 100,000
$ 100,000
Times Rollback
0.463428
0.474316
Equals Taxable Value
$ 46,343
$ 47,432
Divide by $1,000
46.3428
47.4316
Times Total Tax Levy Rate
$43.12949
$43.74201
Equals Total Tax Bill
$1,998.74
$2,074.75
City Portion of Tax Bill
$1,022.99
$1,076.08
Projected Annual Incr (Decr)
$ 15.42
$ 53.09
Percentage Incr (Decr)
1.51%
4.93%
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Page 9 of 10
3/3/2025
Proposed
Budget Input
Budget
Simulator
https://waterloo.abalancingact.co
m/fy-2026-proposed-budget
FY 20-26 Proposed Budget
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14
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Bridgett Wood
Director of Finance
Bridgett.Wood@waterloo-ia.org
15
Page 10 of 10