HomeMy WebLinkAboutCouncil Packet - 4.23.2025 CITYOF
q4 u TERLOO
IOWA
THE CITY COUNCIL OF WATERLOO, IOWA
SPECIAL SESSION TO BE HELD AT
Harold E. Getty Council Chambers
Wednesday, April 23, 2025
5:00 PM
CITY OF WATERLOO
COMMUNITY VISION PLAN
1. Fly the W: To develop a sense of pride and relationship between residents and the City
of Waterloo, and then leverage that pride to communicate the City's attributes to
external audiences.
2. Elevate Housing: Redevelop, renovate, or improve 800 residences in Waterloo in eight
years by providing access to capital.
3. Celebrate and Connect Neighborhoods: To leverage Waterloo's rich tradition of
neighborhoods by celebrating and connecting them with the community and region at
large.
4. Waterloo Works: Grow a diverse and skilled workforce in Waterloo that connects
people and employers for mutual growth.
5. Crossroads Doubledown: Re-energize the Crossroads Mall area into a
sports/recreation-themed gravitational center.
6. Power Up Downtown: Keep Waterloo's core downtown evolving to meet the needs of
future generations, supporting and showcasing arts and cultural opportunities and
creating an experience like no other.
7. Sportstown USA: To generate excitement, develop youth, and drive investment and
economic impact from year-round visitors.
8. Community of Opportunity: Eliminate barriers that keep Waterloo residents, and the
community as a whole, from reaching its true potential, creating an equitable, thriving,
and sustainable community for future generations. Waterloo is a Community of
Opportunity, where everyone can prosper.
GENERAL RULES FOR PUBLIC PARTICIPATION SPECIAL SESSION AGENDA
A. 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 public is
required to follow the rules listed in this article when speaking during any meeting of the
city council.
B. At the presiding officer's discretion, individuals may address the presiding officer by
stepping to the podium, and after recognition by the presiding officer, shall state their
name, address, and group affiliation, if appropriate, and speak clearly into the
microphone.
Page 1 of 38
C. Comments shall be germane and refrain from personal, impertinent, or slanderous
remarks.
D. Cell phones and electronic devices shall be set to silent prior to the start of the meeting.
GENERAL RULES FOR PUBLIC COMMENT
A. Individuals shall speak one (1) time on only one (1) issue for a maximum of three (3)
minutes During the public comment section of the agenda. The public shall not be
required to pre-register to speak during public comment. Individuals shall only speak on
matters not listed on the regular agenda for that date. Any matter presented shall be
directed to the presiding officer and addressed, if necessary, after the meeting.
B. Council members may speak during public comment portion of the agenda after the
public has finished speaking
C. City staff shall not be required to provide an immediate answer to a matter presented
during a council meeting unless it specifically pertains to an item on the agenda
RULES FOR PUBLIC COMMENT DURING PUBLIC HEARINGS
Individuals may speak during the public comment portion of a scheduled public hearing for a
maximum of three (3) minutes or may submit written comments to the city clerk by four
o'clock (4:00) P.M. on the day of the public hearing. Groups of citizens with similar viewpoints
are encouraged to select a representative to share the viewpoint of the group.
RULES FOR PUBLIC COMMENT DURING AGENDA ITEMS
At the discretion of the presiding officer, individuals may speak for a maximum of three (3)
minutes when the council discusses agenda items. This section does not apply to businesses
or parties directly involved in agenda items.
Roll call.
Approval of Agenda as proposded or amended.
RESOLUTIONS
1. Resolution Directing the Acceptance of a Proposal to Purchase $5,315,000 *(subject to
adjustment per terms of offering) General Obligation Bonds, Series 2025C, and approving
the form and Authorizing the Execution of a Note Purchase Agreement.
2. Resolution Directing the Acceptance of a Proposal to Purchase $685,000* (subject to
adjustment per terms of offering) Taxable General Obligation Bonds, Series 2025D; and
Approving the Form and Authorizing Execution of a Note Purchase Agreement.
3. Resolution approving the FY 2026 budget including total property tax askings of
$53,630,715.00 and a levy rate of$21.79160 for the budget year ending June 30, 2026,
and rescinding Resolution No. 2025-239.
ADJOURNMENT
Motion to adjourn.
Page 2 of 38
Kelley Felchle
City Clerk
Page 3 of 38
ITEMS TO INCLUDE ON AGENDA
FOR THE COUNCIL MEETING ON APRIL 23, 2025
CITY OF WATERLOO, IOWA
$5,315,000* (Subject to Adjustment per Terms of Offering) General Obligation Bonds, Series
2025C
• Receipt of bids.
• Resolution directing sale.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
Page 4 of 38
April 23, 2025
The Finance Director of the City of Waterloo, State of Iowa, or her designee, met in City
Hall, 715 Mulberry Street, Waterloo, Iowa, at 10:30 A.M., on the above date, to open sealed bids
received, access electronic bids and to refer the sale of the Bonds to the best and most favorable
bidder for cash, subject to approval by the City Council at 5:00 P.M. on the above date.
The following persons were present:
- 1 -
Page 5 of 38
This being the time and place for the opening of bids for the sale of$5,315,000* (Subject
to Adjustment per Terms of Offering) General Obligation Bonds, Series 2025C, the meeting was
opened for the receipt of bids for the Bonds. The following actions were taken:
1. Sealed bids were filed and listed in the minutes while unopened, as follows:
Name &Address of Bidders:
(Attach List of Bidders)
2. The City Clerk then declared the time for filing of sealed bids to be closed and that the
sealed bids be opened. The sealed bids were opened and announced.
3. Electronic bids received were accessed and announced as follows:
Name &Address of Bidders:
(Attach List of Bidders)
4. The best bid was determined to be as follows:
Name &Address of Bidder:
True Interest Rate (as-bid): %
Net Interest Cost (as-bid): $
In consultation with Speer Financial, Inc., the City's Municipal Advisor, the City
considered the adjustment of the aggregate principal amount of the Bonds and each scheduled
maturity thereof in accordance with the Terms of Offering and the following actions were taken:
Final Par Amount as adjusted: $
Purchase Price as adjusted: $
All bids were then referred to the Council for action.
- 2 -
Page 6 of 38
April 23, 2025
The City Council of the City of Waterloo, State of Iowa, met in
session, in the Council Chambers, City Hall, 715 Mulberry Street, Waterloo, Iowa, at
.M., on the above date. There were present Mayor Quentin Hart, in the chair,
and the following named Council Members:
Absent:
Vacant:
- 3 -
Page 7 of 38
Council Member introduced the following Resolution entitled
"RESOLUTION DIRECTING SALE OF $5,315,000* (SUBJECT TO ADJUSTMENT PER
TERMS OF OFFERING) GENERAL OBLIGATION BONDS, SERIES 2025C," and moved its
adoption. Council Member seconded the motion to adopt. The roll
was called and the vote was,
AYES:
NAYS:
Whereupon, the Mayor declared the following Resolution duly adopted:
RESOLUTION DIRECTING SALE OF $5,315,000* (SUBJECT
TO ADJUSTMENT PER TERMS OF OFFERING) GENERAL
OBLIGATION BONDS, SERIES 2025C
WHEREAS, bids have been received for the Bonds described as follows and the best bid
received(with permitted adjustments, if any) is determined to be the following:
$5,315,000* (SUBJECT TO ADJUSTMENT PER TERMS OF
OFFERING) GENERAL OBLIGATION BONDS, SERIES 2025C
Bidder: of
The terms of award:
Final Par Amount as adjusted: $
Purchase Price as adjusted: $
True Interest Rate: %
Net Interest Cost: $
- 4 -
Page 8 of 38
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WATERLOO, STATE OF IOWA:
Section 1. That the bid for the Bonds as above set out is hereby determined to be the best
and most favorable bid received and, the Bonds are hereby awarded as described above.
Section 2. That the statement of information for Bond bidders and the form of contract
for the sale of the Bonds are hereby approved and the Mayor and Clerk are authorized to execute
the same on behalf of the City.
Section 3. That the notice of the sale of the Bonds heretofore given and all acts of the
Clerk done in furtherance of the sale of the Bonds are hereby ratified and approved.
PASSED AND APPROVED this 23rd day of April, 2025.
Quentin Hart, Mayor
ATTEST:
Kelley Felchle, City Clerk
- 5 -
Page 9 of 38
CERTIFICATE
STATE OF IOWA )
) SS
COUNTY OF BLACK HAWK )
I, the undersigned City Clerk of the City of Waterloo, State of Iowa, do hereby certify
that attached is a true and complete copy of the portion of the records of the City showing
proceedings of the Council, and the same is a true and complete copy of the action taken by the
Council with respect to the matter at the meeting held on the date indicated in the attachment,
which proceedings remain in full force and effect, and have not been amended or rescinded in
any way; that meeting and all action thereat was duly and publicly held in accordance with a
notice of meeting and tentative agenda, a copy of which was timely served on each member of
the Council and posted on a bulletin board or other prominent place easily accessible to the
public and clearly designated for that purpose at the principal office of the Council pursuant to
the local rules of the Council and the provisions of Chapter 21, Code of Iowa, upon reasonable
advance notice to the public and media at least twenty-four hours prior to the commencement of
the meeting as required by law and with members of the public present in attendance; I further
certify that the individuals named therein were on the date thereof duly and lawfully possessed of
their respective City offices as indicated therein, that no Council vacancy existed except as may
be stated in the proceedings, and that no controversy or litigation is pending,prayed or
threatened involving the incorporation, organization, existence or boundaries of the City or the
right of the individuals named therein as officers to their respective positions.
WITNESS my hand and the seal of the Council hereto affixed this day of
2025.
Kelley Felchle, City Clerk, City of Waterloo,
State of Iowa
(SEAL)
4908-1037-0355-1\1 1310-176
Page 10 of 38
ITEMS TO INCLUDE ON AGENDA
FOR THE COUNCIL MEETING ON APRIL 23, 2025
CITY OF WATERLOO, IOWA
$685,000* (Subject to Adjustment per Terms of Offering) Taxable General Obligation Bonds,
Series 2025D
• Receipt of bids.
• Resolution directing sale.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
Page 11 of 38
April 23, 2025
The Finance Director of the City of Waterloo, State of Iowa, or her designee, met in City
Hall, 715 Mulberry Street, Waterloo, Iowa, at 11:00 A.M., on the above date, to open sealed bids
received, access electronic bids and to refer the sale of the Bonds to the best and most favorable
bidder for cash, subject to approval by the City Council at 5:00 P.M. on the above date.
The following persons were present:
- 1 -
Page 12 of 38
This being the time and place for the opening of bids for the sale of$685,000* (Subject
to Adjustment per Terms of Offering) Taxable General Obligation Bonds, Series 2025D, the
meeting was opened for the receipt of bids for the Bonds. The following actions were taken:
1. Sealed bids were filed and listed in the minutes while unopened, as follows:
Name &Address of Bidders:
(Attach List of Bidders)
2. The City Clerk then declared the time for filing of sealed bids to be closed and that the
sealed bids be opened. The sealed bids were opened and announced.
3. Electronic bids received were accessed and announced as follows:
Name &Address of Bidders:
(Attach List of Bidders)
4. The best bid was determined to be as follows:
Name &Address of Bidder:
True Interest Rate (as-bid): %
Net Interest Cost (as-bid): $
In consultation with Speer Financial, Inc., the City's Municipal Advisor, the City
considered the adjustment of the aggregate principal amount of the Bonds and each scheduled
maturity thereof in accordance with the Terms of Offering and the following actions were taken:
Final Par Amount as adjusted: $
Purchase Price as adjusted: $
All bids were then referred to the Council for action.
- 2 -
Page 13 of 38
April 23, 2025
The City Council of the City of Waterloo, State of Iowa, met in
session, in the Council Chambers, City Hall, 715 Mulberry Street, Waterloo, Iowa, at
.M., on the above date. There were present Mayor Quentin Hart, in the chair,
and the following named Council Members:
Absent:
Vacant:
- 3 -
Page 14 of 38
Council Member introduced the following Resolution entitled
"RESOLUTION DIRECTING SALE OF $685,000* (SUBJECT TO ADJUSTMENT PER
TERMS OF OFFERING) TAXABLE GENERAL OBLIGATION BONDS, SERIES 2025D,"
and moved its adoption. Council Member seconded the motion to
adopt. The roll was called and the vote was,
AYES:
NAYS:
Whereupon, the Mayor declared the following Resolution duly adopted:
RESOLUTION DIRECTING SALE OF $685,000* (SUBJECT
TO ADJUSTMENT PER TERMS OF OFFERING) TAXABLE
GENERAL OBLIGATION BONDS, SERIES 2025D
WHEREAS, bids have been received for the Bonds described as follows and the best bid
received(with permitted adjustments, if any) is determined to be the following:
$685,000* (SUBJECT TO ADJUSTMENT PER TERMS OF
OFFERING) TAXABLE GENERAL OBLIGATION BONDS,
SERIES 2025D
Bidder: of
The terms of award:
Final Par Amount as adjusted: $
Purchase Price as adjusted: $
True Interest Rate: %
Net Interest Cost: $
- 4 -
Page 15 of 38
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WATERLOO, STATE OF IOWA:
Section 1. That the bid for the Bonds as above set out is hereby determined to be the best
and most favorable bid received and, the Bonds are hereby awarded as described above.
Section 2. That the statement of information for Bond bidders and the form of contract
for the sale of the Bonds are hereby approved and the Mayor and Clerk are authorized to execute
the same on behalf of the City.
Section 3. That the notice of the sale of the Bonds heretofore given and all acts of the
Clerk done in furtherance of the sale of the Bonds are hereby ratified and approved.
PASSED AND APPROVED this 23rd day of April, 2025.
Quentin Hart, Mayor
ATTEST:
Kelley Felchle, City Clerk
- 5 -
Page 16 of 38
CERTIFICATE
STATE OF IOWA )
) SS
COUNTY OF BLACK HAWK )
I, the undersigned City Clerk of the City of Waterloo, State of Iowa, do hereby certify
that attached is a true and complete copy of the portion of the records of the City showing
proceedings of the Council, and the same is a true and complete copy of the action taken by the
Council with respect to the matter at the meeting held on the date indicated in the attachment,
which proceedings remain in full force and effect, and have not been amended or rescinded in
any way; that meeting and all action thereat was duly and publicly held in accordance with a
notice of meeting and tentative agenda, a copy of which was timely served on each member of
the Council and posted on a bulletin board or other prominent place easily accessible to the
public and clearly designated for that purpose at the principal office of the Council pursuant to
the local rules of the Council and the provisions of Chapter 21, Code of Iowa, upon reasonable
advance notice to the public and media at least twenty-four hours prior to the commencement of
the meeting as required by law and with members of the public present in attendance; I further
certify that the individuals named therein were on the date thereof duly and lawfully possessed of
their respective City offices as indicated therein, that no Council vacancy existed except as may
be stated in the proceedings, and that no controversy or litigation is pending,prayed or
threatened involving the incorporation, organization, existence or boundaries of the City or the
right of the individuals named therein as officers to their respective positions.
WITNESS my hand and the seal of the Council hereto affixed this day of
2025.
Kelley Felchle, City Clerk, City of Waterloo,
State of Iowa
(SEAL)
4902-0278-7123-1\1 1310-178
Page 17 of 38
4/1/25, 1:18 PM Local Government Property Valuation System
FISCAL YEAR JULY 1,2025-JUNE 30,2026
ADOPTION OF BUDGET AND CERTIFICATION OF CITY TAXES
The City of: WATERLOO County Name: BLACK HAWK COUNTY
Adopted On:(entered upon adoption) Resolution:(entered upon adoption)
The below-signed certifies that the City Council,on the date stated above,lawfully approved the named resolution adopting a budget for next fiscal year,as
summarized on this and the supporting pages.
Attached is Long Term Debt Schedule Form 703 which lists any and all of the debt service obligations of the City.
With Gas&Electric Without Gas&Electric 11
Regular 2a 2,362,220,554 2b 2,285,535,170 City Number:07-054
DEBT SERVICE 3a 2,996,867,174 3b 2,920,181,790 Last Official Census:67,314
Ag Land 4al 15,492,445
Consolidated General Fund Levy Calculation
CGFL Rate CGFL Dollars Non-TIF Taxable w/G&E Taxable Growth%
FY 2025 Budget Data 8.91000 20,640,544 2,316,559,336 1.97
Limitation Percentage
0
CGFL Max Rate CGFL Max Dollars Revenue Growth%
Max Allowed CGFL for FY 2026 8.91000 21,047,385 1 1.97
TAXES LEVIED
Code ENTER FIRE (A) Request (B)
Sec. Dollar Limit Purpose DISTRICT with Utility Property (C) Rate
RATE BELOW Replacement Taxes Levied
384.1 8.91000 Consolidated General Fund 5 21,047,385 20,364,118 43 8.91000
Non-Voted Other Permissible Levies
384.12(1) 0.95000 Opt&Maint publicly owned Transit 7 1,506,466 1,457,554 45 0.63773
384.12(2)1 0.27000 Aviation Authority(under sec.330A.15) 111 0 49 0.00000
384.12(3) Amt Nec Liability,property&self insurance costs 141 2,679,018 2,592,048 52 1.13411
384.12(5) Amt Nec Support of a Local Emerg.Mgmt.Comm. 462 93,284 90,256 465 0.03949
Voted Other Permissible Levies
28E.22 1.50000 Unified Law Enforcement 24 0 62 0.00000
Total General Fund Regular Levies(5 thru 24) 25 25,326,153 24,503,976
384.1 3.00375 Ag Land 26 46,535 46,535 63 3.00372
Total General Fund Tax Levies(25+26) 27 25,372,688 24,550,511Do Not
Add
Special Revenue Levies
384.6 Amt Nec Police&Fire Retirement 29 5,253,170 5,082,642 2.22383
Amt Nec FICA&IPERS(if general fund at levy limit) 30 2,633,403 2,547,915 1.11480
Rules Amt Nec Other Employee Benefits 31 10,419,074 10,080,833 4.41071
Subtotal Employee Benefit Levy(29,30,31) 32 18,305,647 17,711,390 65 7.74934
Valuation
Without
386 As Req With Gas&Elec Gas&
Elec
SSMID 1 (A) 0 (B) 0 34 0 66 0.00000
SSMID2 (A) 0 (B) 0 35 0 67 0.00000
SSMID3 (A) 0 (B) 0 36 0 68 0.00000
SSMID 4 (A) 0 (B) 0 37 0 69 0.00000
SSMID5 (A) 0 (B) 0 555 0 565 0.00000
SSMID 6 (A) 0 (B) 0 556 0 566 0.00000
SSMID 7 (A) 0 (B) 0 1177 0 1179 0.00000
SSMID8 (A) 0 (B) 0 1185 0 1187 0.00000
Total Special Revenue Levies 39 18,305,647 17,711,390
384.4 Amt Nec Debt Service Levy 76.10(6) 40 9,952,380 9,697,719 70 3.32093
384.7 0.67500 Capital Projects(Capital Improv.Reserve) 41 0 71 0.00000
Total Property Taxes(27+39+40+41) 42 53,630,715 51,959,620 72 21.79160
COUNTY AUDITOR-I certify the budget is in compliance with ALL the following:Budgets that DO NOT meet ALL the criteria below are not statutorily compliant
&must be returned to the city for correction.
(City Representative) (Date) (County Auditor) (Date)
https://dom-localgov.iowa.gov/budget-renderer?id=20758 Page 18 oP%
S A
.o FUND BALANCE
City Name: WATERLOO cNr,
Fiscal Year July 1,2025-June 30,2026
0 _
3 SPECIAL TIF SPECIAL DEBT CAPITAL TOTAL GRAND
0 GENERAL PERMANENT PROPRIETARY
0 REVENUES REVENUES SERVICE PROJECTS GOVERNMENT TOTAL
cf Annual Report FY 2024
< Beginning Fund Balance July 1 1 61,759,575 39,330,823 1,799,909 1,096,553 22,015,087 0 126,001,947 27,389,448 153,391,395
Actual Revenues Except Beg Balance 2 78,274,117 63,903,114 13,950,975 14,725,666 36,899,129 0 207,753,001 38,666,166 246,419,167
°1 Actual Expenditures Except End Balance 3 76,963,722 61,940,508 13,808,069 14,982,749 33,141,562 0 200,836,610 34,035,060 234,871,670
cQ
0 Ending Fund Balance June 30 4 63,069,970 41,293,429 1,942,815 839,470 25,772,654 0 132,918,338 32,020,554 164,938,892
Re-Estimated FY 2025
cfl Beginning Fund Balance 5 63,069,970 41,293,429 1,942,815 839,470 25,772,654 0 132,918,338 32,020,554 164,938,892
CD
Re-Est Revenues 6 77,919,619 93,427,345 21,437,284 15,633,677 96,006,435 0 304,424,360 41,581,416 346,005,776
=3 Re-Est Expenditures 7 98,524,371 102,608,562 19,199,585 15,992,120 106,006,435 0 342,331,073 45,030,589 387,361,662
a
CID Ending Fund Balance 8 42,465,218 32,112,212 4,180,514 481,027 15,772,654 0 95,011,625 28,571,381 123,583,006
'm
7,1) Budget FY 2026
°- Beginning Fund Balance 9 42,465,218 32,112,212 4,180,514 481,027 15,772,654 0 95,011,625 28,571,381 123,583,006
^'
0 Revenues 10 76,710,824 76,325,111 24,156,521 19,225,669 66,592,175 0 263,010,300 34,980,416 297,990,716
OD Expenditures 11 84,099,779 86,380,108 22,913,274 19,066,712 78,842,1751 0 291,302,0481 39,051,429 330,353,477
Ending Fund Balance 12 35,076,263 22,057,215 5,423,761 639,9841 3,522,6541 0 66,719,877 1 24,500,368 91,220,245
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Page 19 of 38
S A
o LOCAL EMC SUPPORT
City Name: WATERLOO cNri
0
Fiscal Year July 1,2025-June 30,2026
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
o Commission support may also be included as part of the General Fund Levy.Iowa Code Section 29C.17,subsection 6 states that any support from cities or counties must be separately reported on tax statements issued
v by the county treasurer.Input the amount of General Fund Levy request to be used for support of an Emergency Management Commission.The total below will reflect the total amount of Emergency Management
o Commission support provided by the City.
o Request with Utility Replacement Property Taxes Levied
Portion of General Fund Levy Used for Emerg.Mgmt.Comm. 0
Support of a Local Emerg.Mgmt.Co0
mm. 93,284 90,256
Q
TOTAL FOR FY 2026 93,284 90,256
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Page 20 of 38
S A
.o RE-ESTIMATED EXPENDITURES SCHEDULE PAGE 1
City Name: WATERLOO cNri
Fiscal Year July 1,2024-June 30,2025
0 _
.L SPECIAL TIF SPECIAL DEBT CAPITAL RE-ESTIMATED ACTUAL
0 GOVERNMENT ACTIVITIES CONT. GENERAL PERMANENT PROPRIETARY
0 REVENUE REVENUES SERVICE PROJECTS 2025 2024
M PUBLIC SAFETY
0
0
Police Department/Crime Prevention 1 21,154,999 2,723,573 23,878,572 22,553,996
Jail 2 0 0
ch Emergency Management 3 90,359 90,359 114,695
Flood Control 41 0 0
CL Fire Department 5 12,457,467 1,839,626 14,297,093 14,200,625
to Ambulance 6 4,358,266 470,070 4,828,336 4,222,513
CD
m
Building Inspections 7 1,612,997 1,612,997 1,430,019
a
Miscellaneous Protective Services 8 0 0
CD Animal Control 9 0 0
m
7,') Other Public Safety 10 0 0
TOTAL(lines 1-10) 11 39,674,088 5,033,269 0 44,707,357 42,521,848
N
of PUBLIC WORKS
00 Roads,Bridges,&Sidewalks 12 500,000 27,082,988 27,582,988 19,490,023
Parking-Meter and Off-Street 13 425,000 1 425,000 398,016
Street Lighting 14 500,000 500,000 488,031
Traffic Control and Safety 15 2,105,887 2,105,887 1,884,196
Snow Removal 16 1,908,692 1,908,692 1,739,431
Highway Engineering 17 0 06
Street Cleaning 18 0 0 v
Airport(if not Enterprise) 19 1,548,462 5,594,089 7,142,551 3,594,829 G)
0
Garbage(if not Enterprise) 20 0 0 m
Other Public Works 21 5,000,521 5,000,521 5,001,559
TOTAL(lines 12-21) 22 7,473,983 37,191,656 0 44,665,639 32,596,085 m
HEALTH&SOCIAL SERVICES
Welfare Assistance 23 0 0 -00
City Hospital 24 0 0 m
Payments to Private Hospitals 25 0 0 C
Health Regulation and Inspection 26 0 0
Water,Air,and Mosquito Control 27 0 0
0
Community Mental Health 28 0 0
Other Health and Social Services 29 397,202 397,202 372,010
TOTAL(lines 23-29) 30 397,202 0 0 397,202 372,010 3
CULTURE&RECREATION
Library Services 311 3,049,199 1 3,049,199 3,128,390
Museum,Band and Theater 32 2,145,428 2,145,428 1,132,815
Parks 33 3,594,409 3,594,409 3,241,507
Recreation 34 3,721,531 3,721,531 3,697,005
Cemetery 35 70,000 70,000 70,000
Community Center,Zoo,&Marina 36 968,430 968,430 1,012,576
Other Culture and Recreation 37 0 0
TOTAL(lines 31-37) 1381 13,548,997 0 0 13,548,9971 12,282,293
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Page 21 of 38
S A
.o RE-ESTIMATED EXPENDITURES SCHEDULE PAGE 2
City Name: WATERLOO cNn
Fiscal Year July 1,2024-June 30,2025
0 _
3 SPECIAL TIF SPECIAL DEBT CAPITAL RE-ESTIMATED ACTUAL 00
0 GOVERNMENT ACTIVITIES CONT. GENERAL PERMANENT PROPRIETARY
0 REVENUE REVENUES SERVICE PROJECTS 2025 2024
M COMMUNITY&ECONOMIC DEVELOPMENT
0
Community Beautification 39 0 0
0
Economic Development 40 1,504,469 1,504,469 1,983,691
ch Housing and Urban Renewal 41 59,440 16,357,682 16,417,122 9,407,833
Planning&Zoning 42 694,359 694,359 720,029
a Other Com&Econ Development 43 2,347,896 2,347,896 2,548,145
c0 TIF Rebates 44 4,876,642 4,876,642 2,993,830
CD
m
TOTAL(lines 39-44) 45 4,606,164 16,357,6824,876,642 0 25,840,488 17,653,528
a GENERAL GOVERNMENT
CD
Mayor,Council,&City Manager 46 1,383,946 1,383,946 1,155,109
•=? Clerk,Treasurer,&Finance Adm. 47 1,798,476 1,798,476 1,536,854
a Elections 48 60,000 60,000 57,956
C) Legal Services&City Attorney 49 342,478 342,478 307,429
City Hall&General Buildings 50 776,539 776,539 733,809
Tort Liability 51 3,037,675 3,037,675 2,679,914
Other General Government 52 5,424,823 17,472 5,442,295 6,990,676
TOTAL(lines 46-52) 53 12,823,937 17,472 0 0 12,841,409 13,461,747
DEBT SERVICE 54 15,992,120 15,992,120 14,674,659
r
Gov Capital Projects 55 28,431,150 96,006,435 124,437,585 33,096,290 00
TIF Capital Projects 56 10,000,000 10,000,000 10,481,790 °L
TOTAL CAPITAL PROJECTS 57 0 28,431,150 0 106,006,435 0 134,437,585 43,578,080 0
TOTAL Governmental Activities Expenditures (lines 58 78,524,371 87,031,229 4,876,642 15,992,120 106,006,435 0 292,430,797 177,140,250 m
11+22+30+38+44+52+53+54) 3
3
BUSINESS TYPE ACTIVITIES Proprietary:Enterprise&
Budgeted ISF
Water Utility 59 0 0 0
Sewer Utility 60 11,727,175 11,727,175 8,821,246 c
Electric Utility 61 0 0 `k
Gas Utility 62 0 0 ami
c
Airport 63 0 0 v
Landfill/Garbage 64 7,314,731 7,314,731 5,765,190 a
Transit 65 0 0 U)
Cable TV,Internet&Telephone 66 0 0 1,341,804
CD
Housing Authority 67 0 0 3
Storm Water Utility 68 1,756,861 1,756,861 1,420,466
Other Business Type(city hosp.,ISF,parking,etc.) 69 0 0
Enterprise DEBT SERVICE 70 3,073,000 3,073,000 2,852,838
Enterprise CAPITAL PROJECTS 71 19,200,000 19,200,000 11,754,920
Enterprise TIF CAPITAL PROJECTS 72 0 0
TOTAL BUSINESS TYPE EXPENDITURES(lines 59+72) 73 43,071,767 43,071,767 31,956,464
TOTAL ALL EXPENDITURES(lines 58+73) 74 78,524,371 87,031,229 4,876,642 15,992,120 106,006,435 0 43,071,767 335,502,564 209,096,714
Regular Transfers Out 75 20,000,000 15,577,333 1,958,822 37,536,155 15,308,467
Internal TIF Loan Transfers Out 76 14,322,943 14,322,943 10,466,489
Total ALL Transfers Out 77 20,000,000 15,577,333 14,322,943 0 0 01 1,958,822 51,859,098 25,774,956
Total Expenditures and Other Fin Uses(lines 74+77) 78 98,524,371 102,608,562 19,199,585 15,992,120 106,006,435 01 45,030,589 387,361,662 234,871,670
Ending Fund Balance June 30 79 42,465,2181 32,112,2121 4,180,5141 481,0271 15,772,654 01 28,571,3811 123,583,006 164,938,892
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Page 22 of 38
S A
o RE-ESTIMATED REVENUES DETAIL
City Name: WATERLOO tNj�
Fiscal Year July 1,2024-June 30,2025
o _
SPECIAL TIF SPECIAL DEBT CAPITAL RE-ESTIMATED ACTUAL
o REVENUES&OTHER FINANCING SOURCES GENERAL REVENUE REVENUES SERVICE PROJECTS PERMANENT PROPRIETARY 2025 2024
CE Taxes Levied on Property 1 23,856,400 18,719,970 8,821,317 51,397,687 45,190,123
Oc Less:Uncollected Property Taxes-Levy Year 2 0 0
Net Current Property Taxes(line 1 minus line 2) 3 23,856,400 18,719,970 8,821,317 0 51,397,687 45,190,123
p) Delinquent Property Taxes 4 0 115,029
�Q TIF Revenues 5 21,144,488 21,144,488 13,684,602
a
Cr
Other City Taxes:
a Utility Tax Replacement Excise Taxes 6 817,495 642,710 237,158 1,697,363 1,577,595
Ca Utility francise tax(Iowa Code Chapter 364.2) 7 5,070,000 5,070,000 4,972,067
Parimutuel wager tax 8 0 0
a Gaming wager tax 9 1,454,000 1,454,000 1,331,875
CD Mobile Home Taxes 10 33,700 10,000 43,700 75,941
N
•J Hotel/Motel Taxes 11 1,520,000 1,520,000 1,648,461
o- Other Local Option Taxes 12 12,000,000 12,000,000 13,817,984
p Subtotal-Other City Taxes(lines 6 thru 12) 13 8,895,195 12,642,710 247,158 0 21,785,063 23,423,923
v
cn Licenses&Permits 14 1,484,705 22,500 12500 1,519,705 1,677,792
00 Use of Money&Property 15 1,634,500 563,500 100,000 10,000 140,000 2,448,000 8,359,115
Intergovernmental:
Federal Grants&Reimbursements 16 648,752 24,352,290 25,001,042 14,663,781
Road Use Taxes 17 9,250,000 9,250,000 9,507,480
Other State Grants&Reimbursements 18 1,449,455 16,367,018 192,796 353,500 2,000,000 20,362,769 8,754,811
Local Grants&Reimbursements 19 448,851 1,000,000 20,000,000 336,570 21,785,421 61540,040 n
Subtotal-Intergovernmental(lines 16 thru 19) 20 2,547,058 50,969,308 192,796 353,500 20,000,000 2,336,570 76,399,232 39,466,112 v
Charges for Fees&Service:
0
Water Utility 21 0 0
Sewer Utility 221 19,366,000 19,366,000 17,263,123
Electric Utility 23 0 0 tp
Gas Utility 24 0 0
Parking 25 425,000 425,000 348,739
0
Airport 26 305,000 195,807 500,807 313,463CD
Landfill/Garbage 27 5,721,346 5,721,346 6,204,626 3
Hospital 28 0 0
Transit 291 0 0 c
m
Cable TV,Internet&Telephone 30 0 0 0
Housing Authority 31 0 0 =5
Storm Water Utility 32 0 3,402,203 y
Other Fees&Charges for Service 33 13,018,178 222,800 13,240,978 13,743,968 �p
Subtotal-Charges for Service(lines 21 thru 33) 34 13,748,178 418,607 0 0 0 25,087,346 39,254,131 41,276,122 3
Special Assessments 35 470,000 470,000 374,334
Miscellaneous 36 9,541,187 90,750 2,308,333 11,940,270 14,462,646
Other Financing Sources: 37 15,402,927 10,000,000 2,133,228 10,000,000 37,536,155 15,308,467
Regular Operating Transfers In
Internal TIF Loan Transfers In 38 254,469 4,068,474 10,000,000 1 14,322,943 10,466,489
Subtotal ALL Operating Transfers In 39 15,657,396 10,000,000 0 6,201,702 20,000,000 0 0 51,859,098 25,774,956
Proceeds of Debt(Excluding TIF Internal Borrowing) 40 53,698,102 14,000,000 67,698,102 32,422,623
Proceeds of Capital Asset Sales 41 1 85,000 5,000 90,000 191,790
Subtotal-Other Financing Sources(lines 36 thru 38) 42 15,742,396 10,000,000 0 6,201,702 73,698,102 0 14,005,000 119,647,200 58,389,369
Total Revenues except for beginning fund balance (lines 3,4,5,12,13,14,19, 43 77,919,619 93,427,345 21,437,284 15,633,677 96,006,435 0 41,581,416 346,005,776 246,419,167
33,34,35,&39)
Beginning Fund Balance July 1 44 63,069,970 1 41,293,429 1 1,942,8151 839,4701 25,772,654 1 0 32,020,554 164,938,892 153,391,395
TOTAL REVENUES&BEGIN BALANCE(lines 41+42) 45 140,989,589 1 134,720,7741 23,380,099 1 16,473,147 1 121,779,089 1 0 73,601,970 510,944,668 399,810,562
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Page 23 of 38
S A
o EXPENDITURES SCHEDULE PAGE 1
City Name: WATERLOO cNri
Fiscal Year July 1,2025-June 30,2026
0
3 RE
o SPECIAL TIF SPECIAL DEBT CAPITAL BUDGET - ACTUAL
GOVERNMENT ACTIVITIES GENERAL REVENUES REVENUES SERVICE PROJECTS PERMANENT PROPRIETARY 2026 ESTIMATED 2024
2025
0 PUBLIC SAFETY
2 Police Department/Crime Prevention 1 20,757,430 2,902,016 23,659,446 23,878,572 22,553,996
P) Jail 2 0 0 0
0 Emergency Management 3 93,284 93,284 90,359 114,695
Q Flood Control 4 0 0 0
c
Fire Department 5 12,653,109 1,892,928 14,546,037 14,297,093 14,200,625
Ca
CD
Ambulance 6 4,435,480 489,380 4,924,860 4,828,336 4,222,513
Building Inspections 7 1,609,061 1,609,061 1,612,997 1,430,019
0
m Miscellaneous Protective Services 8 0 0 0
Animal Control 9 0 0 0
a Other Public Safety 10 0 0 0
N TOTAL(lines 1-10) 11 39,548,364 5,284,324 0 44,832,688 44,707,357 42,521,848
J4
cPUBLIC WORKS
0° Roads,Bridges,&Sidewalks 12 275,000 27,269,866 27,544,866 27,582,988 19,490,023
Parking-Meter and Off-Street 13 471,750 471,750 425,000 398,016
Street Lighting 14 515,000 515,000 500,000 488,031
Traffic Control and Safety 15 2,134,795 2,134,795 2,105,887 1,884,196
Snow Removal 16 1,859,792 1,859,792 1,908,692 1,739,431 r-
Highway Engineering 17 0 0 0 0
Street Cleaning 18 0 0 0 2
Airport 19 1,457,391 2,530,400 3,987,791 7,142,551 3,594,829 0
Garbage(if not Enterprise) 20 0 0 0 m
Other Public Works 21 5,055,383 5,055,383 5,000,521 5,001,559 3
m
TOTAL(lines 12-21) 22 7,259,524 34,309,853 0 41,569,377 44,665,639 32,596,085
HEALTH&SOCIAL SERVICES 7
Welfare Assistance 23 0 0 0 -00
m
City Hospital 24 0 0 0 ,k-
Payments to Private Hospitals 25 0 0 0 ami
Health Regulation and Inspection 26 0 0 0
Water,Air,and Mosquito Control 27 0 0 0 0
Community Mental Health 28 0 0 0 U
Other Health and Social Services 29 407,651 407,651 397,202 372,010 -
TOTAL(lines 23-29) 30 407,651 0 0 407,651 397,202 372,010 m
3
CULTURE&RECREATION
Library Services 31 3,048,784 3,048,784 3,049,199 3,128,390
Museum,Band and Theater 32 2,232,496 2,232,496 2,145,428 1,132,815
Parks 33 3,621,462 3,621,462 3,594,409 3,241,507
Recreation 34 3,858,056 3,858,056 3,721,531 3,697,005
Cemetery 35 70,000 1 1 1 70,000 70,000 70,000
Community Center,Zoo,&Marina 1361 992,066 992,066 968,430 1,012,576
Other Culture and Recreation 1371 01 0 0
TOTAL(lines 31-37) 1381 13,822,8641 0 0 13,822,8641 13,548,9971 12,282,293
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Page 24 of 38
S A
o EXPENDITURES SCHEDULE PAGE 2
City Name: WATERLOO cNi
Fiscal Year July 1,2025-June 30,2026
0
3RE
0 SPECIAL TIF SPECIAL DEBT CAPITAL BUDGET - ACTUAL
0 GOVERNMENT ACTIVITIES GENERAL REVENUES REVENUES SERVICE PROJECTS PERMANENT PROPRIETARY 2026 ESTIMATED 2024
2025
COMMUNITY&ECONOMIC DEVELOPMENT
2 Community Beautification 39 0 0 0
0 Economic Development 40 1,296,372 1,296,372 1,504,469 1,983,691
0 Housing and Urban Renewal 41 59,440 17,024,061 17,083,501 16,417,122 9,407,833
Q Planning&Zoning 42 702,526 702,526 694,359 720,029
Other Com&Econ Development 43 2,337,896 2,337,896 2,347,896 2,548,145
Ca
:: TIF Rebates 44 3,826,902 3,826,902 4,876,642 2,993,830
TOTAL(lines 39-44) 45 4,396,234 17,024,061 3,826,902 0 25,247,197 25,840,488 17,653,528
CD GENERAL GOVERNMENT
N
•J Mayor,Council,&City Manager 46 1,422,250 1,422,250 1,383,946 1,155,109
E Clerk,Treasurer,&Finance Adm. 47 1,774,694 1,774,694 1,798,476 1,536,854
11
^> Elections 48 65,000 65,000 60,000 57,956
0
coli Legal Services&City Attorney 49 359,451 359,451 342,478 307,429
w City Hall&General Buildings 50 777,206 777,206 776,539 733,809
Tort Liability 51 3,289,226 3,289,226 3,037,675 2,679,914
Other General Government 52 5,677,315 17,472 5,694,787 5,442,295 6,990,676
TOTAL(lines 46-52) 53 13,365,142 17,472 0 0 13,382,614 12,841,409 13,461,747
DEBT SERVICE 54 19,066,712 19,066,712 15,992,120 14,674,659 0
Gov Capital Projects 55 14,540,000 66,342,175 80,882,175 124,437,585 33,096,290 v
TIF Capital Projects 56 1 12,500,000 12,500,000 10,000,000 10,481,790 t7
TOTAL CAPITAL PROJECTS 57 0 14,540,000 0 78,842,175 0 93,382,175 134,437,585 43,578,080 m
TOTAL30+38+n ent+53+54+57)es Expenditures (lines 58 78,799,779 71,175,710 3,826,902 19,066,712 78,842,175 0 251,711,278 292,430,797 177,140,250
11+22+30+38+45+53+54+57) m
BUSINESS TYPE ACTIVITIES
Proprietary:Enterprise&Budgeted ISF o
0
Water Utility 59 1 0 0 0 m
Sewer Utility 60 11,065,862 11,065,862 1 11,727,175 8,821,246 �
Electric Utility 61 01 0 0
v
c
Gas Utility 62 0 0 0 v
Airport 63 0 0 0 0
Landfill/Garbage 64 7,518,913 7,518,913 7,314,731 5,765,190
Transit 65 0 0 0
CD
Cable TV,Internet&Telephone 66 0 0 1,341,804 3
Housing Authority 67 0 1 0 0
Storm Water Utility 68 1,850,578 1,850,578 1,756,861 1,420,466
Other Business Type(city hosp.,ISF,parking,etc.) 69 0 0 0
Enterprise DEBT SERVICE 70 3,600,000 3,600,000 3,073,000 2,852,838
Enterprise CAPITAL PROJECTS 71 12,900,000 12,900,000 19,200,000 11,754,920
Enterprise TIF CAPITAL PROJECTS 72 0 0 0
TOTAL Business Type Expenditures(lines 59-72) 73 36,935,353 36,935,353 43,071,767 31,956,464
TOTAL ALL EXPENDITURES(lines 58+73) 74 78,799,779 71,175,710 3,826,902 19,066,712 78,842,175 0 36,935,353 288,646,631 335,502,564 209,096,714
Regular Transfers Out 75 5,300,000 15,204,398 2,116,076 22,620,474 37,536,155 15,308,467
Internal TIF Loan/Repayment Transfers Out 76 19,086,372 19,086,372 14,322,943 10,466,489
Total ALL Transfers Out 77 5,300,000 15,204,398 19,086,372 0 0 0 2,116,076 41,706,846 51,859,098 25,774,956
Total Expenditures&Fund Transfers Out(lines 74+77) 78 84,099,779 86,380,1081 22,913,2741 19,066,7121 78,842,1751 01 39,051,429 330,353,477 387,361,662 234,871,670
Ending Fund Balance June 30 1791 35,076,2631 22,057,2151 5,423,7611 639,9841 3,522,6541 01 24,500,368 1 91,220,245 123,583,006 164,938,892
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Page 25 of 38
S A
o REVENUES DETAIL
City Name: WATERLOO rNj�
Fiscal Year July 1,2025-June 30,2026
0
3
0GENERAL SPECIAL TIF SPECIAL DEBT CAPITAL PERMANENT PROPRIETARY BUDGET ESTIMATED ACTUAL
0REVENUES REVENUES SERVICE PROJECTS 2026 2025 2024
c0
0 REVENUES&OTHER FINANCING SOURCES
0 Taxes Levied on Property 1 24,550,511 17,711,390 9,697,719 0 51,959,620 51,397,687 45,190,123
Less:Uncollected Property Taxes-Levy Year 2 0 0 0
o Net Current Property Taxes(line 1 minus line 2) 3 24,550,511 17,711,390 9,697,719 0 51,959,620 51,397,687 45,190,123
Delinquent Property Taxes 4 0 0 115,029
Cr
a TIF Revenues 5 23,902,048 23,902,048 21,144,488 13,684,602
to Other City Taxes:
CD
Utility Tax Replacement Excise Taxes 6 822,177 594,257 254,661 0 1,671,095 1,697,363 1,577,595
aUtility francise tax(Iowa Code Chapter 364.2) 7 5,060,000 5,060,000 5,070,000 4,972,067
CD Parimutuel wager tax 8 0 0 0
N Gaming wager tax 9 1,275,000 1,275,0001 1,454,000 1,331,875
•J
a Mobile Home Taxes 10 33,700 10,000 43,700 43,700 75,941
N Hotel/Motel Taxes 11 1,600,000 1,600,000 1,520,000 1,648,461
coJ4 Other Local Option Taxes 12 12,000,000 12,000,000 12,000,000 13,817,984
OC Subtotal-Other City Taxes(lines 6 thru 12) 13 8,790,877 12,594,257 264,661 0 21,649,795 21,785,063 23,423,923
Licenses&Permits 14 1,484,520 17,500 12500 1,514,520 1,519,705 1,677,792
Use of Money&Property 15 1,715,500 659,180 100,000 25,000 215,000 2,714,680 2,448,000 8,359,115
Intergovernmental:
Federal Grants&Reimbursements 161 436,872 27,003,256 27,440,128 25,001,042 14,663,781
Road Use Taxes 17 9,500,000 9,500,000 9,250,000 9,507,480 n
Other State Grants&Reimbursements 18 1,107,843 2,337,878 154,473 346,605 1,400,000 5,346,799 20,362,769 8,754,811 2
Local Grants&Reimbursements 19 608,505 1,000,000 45,792,175 336,570 47,737,250 21,785,421 6,540,040 0
Subtotal-Intergovernmental(lines 16 thru 19) 20 2,153,220 39,841,134 1 154,473 346,605 45,792,175 1,736,570 90,024,177 76,399,232 39,466,112 m
Charges for Fees&Service: 3
Water Utility 21 0 0 0 CD
Sewer Utility 22 16,805,000 16,805,000 19,366,000 17,263,123
Electric Utility 23 0 0 0 0
Gas Utility 24 0 0 0 m
Parking 25 397,750 397,750 425,000 348,739
Airport 26 305,000 120,000 425,000 500,807 313,463
Landfill/Garbage 27 5,846,346 5,846,346 5,721,346 6,204,626
v
Hospital 28 0 0 0 p
Transit 29 0 0 0
In
Cable TV,Internet&Telephone 30 0 0 0
Housing Authority 31 0 0 0 3
Stone Water Utility 32 3,350,000 3,350,000 0 3,402,203
Other Fees&Charges for Service 33 13,174,511 279,400 13,453,911 13,240,978 13,743,968
Subtotal-Charges for Service(lines 21 thru 33) 341 13,877,261 399,400 0 0 0 26,001,346 40,278,007 39,254,131 41,276,122
Special Assessments 35 245,000 10,000 255,000 470,000 374,334
Miscellaneous 36 8,493,773 102,250 2,300,000 10,896,023 11,940,270 14,462,646
Other Financing Sources:
Regular Operating Transfers In 37 15,058,790 5,000,000 2,561,684 22,620,474 37,536,155 15,308,467
Internal TIF Loan Transfers In 38 256,372 6,330,000 12,500,000 19,086,372 14,322,943 10,466,489
Subtotal ALL Operating Transfers In 39 15,315,162 5,000,000 0 8,891,684 12,500,000 0 0 41,706,846 51,859,098 25,774,956
Proceeds of Debt(Excluding TIF Internal Borrowing) 401 6,000,000 7,000,000 13,000,000 67,698,102 32,422,623
Proceeds of Capital Asset Sales 41 85,000 5,000 90,000 90,000 191,790
Subtotal-Other Financing Sources(lines 38 thru 40) 42 15,400,162 5,000,000 0 8,891,684 18,500,000 0 7,005,000 54,796,846 119,647,200 58,389,369
Total Revenues except for beginning fund balance (lines 3,4,5,13,14, 43 76,710,824 76,325,111 24,156,521 19,225,669 66,592,175 0 34,980,416 297,990,716 346,005,776 246,419,167
15,20,34,35,36,&41)
Beginning Fund Balance July 1 44 42,465,218 32,112,212 4,180,514 481,027 15,772,654 0 28,571,381 1 123,583,0061 164,938,892 153,391,395
p TOTAL REVENUES&BEGIN BALANCE(lines 42+43) 45 119,176,042 108,437,323 28,337,035 19,706,696 82,364,829 0 63,551,797 1 421,573,722 1 510,944,668 399,810,562
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Page 26 of 38
S A
.o ADOPTED BUDGET SUMMARY
City Name: WATERLOO cNr,
Fiscal Year July 1,2025-June 30,2026
o _
3 SPECIAL TIF SPECIAL DEBT CAPITAL BUDGET RE-ESTIMATED ACTUAL
o GENERAL PERMANENT PROPRIETARY
v REVENUES REVENUES SERVICE PROJECTS 2026 2025 2024
cf Revenues&Other Financing Sources
5. Taxes Levied on Property 1 24,550,511 17,711,390 9,697,719 0 51,959,620 51,397,687 45,190,123
Less:Uncollected Property Taxes-Levy Year 2 0 0 0 0 0 0 0
°1 Net Current Property Taxes 3 24,550,511 17,711,390 9,697,719 0 51,959,620 51,397,687 45,190,123
0
°_ Delinquent Property Taxes 4 0 0 0 0 0 0 115,029
c
TIF Revenues 5 23,902,048 23,902,048 21,144,488 13,684,602
cfl Other City Taxes 6 8,790,877 12,594,257 264,661 0 21,649,795 21,785,063 23,423,923
CD
Licenses&Permits 7 1,484,520 17,500 12,500 1,514,520 1,519,705 1,677,792
a Use of Money and Property 8 1,715,500 659,180 100,000 25,000 0 0 215,000 2,714,680 2,448,000 8,359,115
CID Intergovernmental 9 2,153,220 39,841,134 154,473 346,605 45,792,175 1,736,570 90,024,177 76,399,232 39,466,112
7, Charges for Fees&Service 10 13,877,261 399,400 0 0 0 26,001,346 40,278,007 39,254,131 41,276,122
C- Special Assessments 11 245,000 0 0 0 10,000 255,000 470,000 374,334
11
^' Miscellaneous 12 8,493,773 102,250 0 2,300,000 0 0 10,896,023 11,940,270 14,462,646
0
Ln Sub-Total Revenues 13 61,310,662 71,325,111 24,156,521 10,333,985 48,092,175 0 27,975,416 243,193,870 226,358,576 188,029,798
Other Financing Sources:
Total Transfers In 14 15,315,162 5,000,000 0 8,891,684 12,500,000 0 0 41,706,846 51,859,098 25,774,956
Proceeds of Debt 15 0 0 0 0 6,000,000 7,000,000 13,000,000 67,698,102 32,422,623
Proceeds of Capital Asset Sales 16 85,000 0 0 0 0 0 5,000 90,000 90,000 191,790
Total Revenues and Other Sources 17 76,710,824 76,325,111 24,156,521 19,225,669 66,592,175 0 34,980,416 297,990,716 346,005,776 246,419,167 r-
0
Expenditures&Other Financing Uses o0i
Public Safety 18 39,548,364 5,284,324 0 0 44,832,688 44,707,357 42,521,848 17
Public Works 19 7,259,524 34,309,853 0 0 41,569,377 44,665,639 32,596,085
Health and Social Services 20 407,651 0 0 0 407,651 397,202 372,010 �m
Culture and Recreation 21 13,822,864 0 0 0 13,822,864 13,548,997 12,282,293 m
Community and Economic Development 22 4,396,234 17,024,061 3,826,902 0 25,247,197 25,840,488 17,653,528
General Government 23 13,365,142 17,472 0 0 13,382,614 12,841,409 13,461,747 T
0
Debt Service 24 0 0 0 19,066,712 0 19,066,712 15,992,120 14,674,659 'a
m
Capital Projects 25 0 14,540,000 0 78,842,175 0 93,382,175 134,437,585 43,578,080
Total Government Activities Expenditures 26 78,799,779 71,175,710 3,826,902 19,066,712 78,842,175 0 251,711,278 292,430,797 177,140,250 a<i
Business Type Proprietray:Enterprise&ISF 27 36,935,353 36,935,353 43,071,767 31,956,464 v
Total Gov&Bus Type Expenditures 28 78,799,779 71,175,710 3,826,902 19,066,712 78,842,175 0 36,935,353 288,646,631 335,502,564 209,096,714 3
Total Transfers Out 29 5,300,000 15,204,398 19,086,372 0 0 0 2,116,076 41,706,846 51,859,098 25,774,956 (j)
Total ALL Expenditures/Fund Transfers Out 30 84,099,779 86,380,108 22,913,274 19,066,712 78,842,175 0 39,051,429 330,353,477 387,361,662 234,871,670
Excess Revenues&Other Sources Over 31
3
(Under)Expenditures/Transfers Out 32 -7,388,955 -10,054,997 1,243,247 158,957 -12,250,000 0 -4,071,013 -32,362,761 -41,355,886 11,547,497
Beginning Fund Balance July 1 33 42,465,2181 32,112,212 4,180,514 481,027 15,772,654 01 28,571,381 123,583,006 1 164,938,892 153,391,395
Ending Fund Balance June 30 34 35,076,263 22,057,215 5,423,761 639,984 3,522,654 0 24,500,368 91,220,245 123,583,006 164,938,892
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Page 27 of 38
S A
.o LONG TERM DEBT SCHEDULE-LT DEBT1
GENERAL OBLIGATION BONDS,TIF BONDS,REVENUE BONDS,LOANS,LEASE-PURCHASE PAYMENTS cNri
a '
0 Reductions due to Paid from Funds
Debt Total Bond Reg./ Amount Paid
Amount of Type of Debt Principal Interest Refinancing or OTHER THAN 00
o Debt Name Resolution Obligation Paying Agent Current Year Debt
Issue Obligation Due FY Due FY Prepayment of Current Year Debt
N Number Due FY Fees Due FY Certified Debt Service Taxes Service Levy K
c�
o Corporate Purpose-2014A 1 10,065,000 GO 2014-352 480,000 60,956 540,956 540,956
2 Corporate Purpose-2014B 2 4,970,000 GO 2014-352 410,000 67,260 477,260 477,260
0) Corporate Purpose-2015A 3 12,455,000 GO 2015-365 870,000 148,381 1,018,381 491,606 526,775
o Corporate Purpose-2015B 4 1,545,000 GO 2015-365 110,000 21,238 131,238 131,238
Q Corporate Purpose-2016A 5 8,605,000 GO 2016-367 425,000 55,200 480,200 480,200
Corporate Purpose-2016B 6 1,810,000 GO 2016-367 125,000 23,215 148,215 148,215
Corporate Purpose-2016C 7 9,250,000 GO 2015-700 1 435,000 172,475 607,475 1 607,475
Corporate Purpose-2017A 8 9,245,000 GO 2017-182 390,000 90,150 480,150 75,150 405,000
m Corporate Purpose-2017B 9 3,600,000 GO 2017-182 240,000 57,043 297,043 297,043
, Corporate Purpose-2017C 10 8,100,000 GO 2017-182 410,000 163,406 573,406 573,406
E Corporate Purpose-2018A 11 10,505,000 GO 2018-111 650,000 116,850 766,850 766,850
No Corporate Purpose-2018B 12 1,070,000 GO 2018-111 115,000 12,425 127,425 127,425
C11 Corporate Purpose-2019A 13 6,790,000 GO 2019-383 695,000 90,600 785,600 1 785,600
OD Corporate Purpose-2019B 14 3,210,000 GO 2019-384 335,000 39,065 374,065 374,065
Corporate Purpose-2019C 15 2,770,000 GO 2019-754 385,000 7,700 392,700 392,700
Corporate Purpose-2019D 16 3,625,000 GO 2019-755 550,000 11,000 561,000 351,900 209,100
Corporate Purpose-2020A 17 7,025,000 GO 2020-446 545,000 102,400 647,400 647,400
Corporate Purpose-2020B 18 8,235,000 GO 2020-448 925,000 70,490 995,490 241,778 753,712 r
Corporate Purpose-2021A 19 14,370,000 GO 2021-407 1,270,000 178,000 1,448,000 104,000 1,344,000 v
Corporate Purpose-2021B 20 8,610,000 GO 2021-408 830,000 84,535 914,535 336,900 577,635 G)
Corporate Purpose-2022A 21 14,075,000 GO 2021-621 1,260,000 251,288 1,511,288 1,511,288 m
Corporate Purpose-2022B 22 5,685,000 GO 2022-340 100,000 162,505 262,505 262,505 3
Corporate Purpose-2022C 23 4,315,000 GO 2022-341 100,000 152,635 252,635 252,635 m
Corporate Purpose-2023A 24 6,000,000 GO 2023-168/295 315,000 213,400 528,400 1 528,400 7-
Corporate Purpose-2024B 25 5,280,000 GO 2024-123 350,000 220,900 570,900 570,900 -8
Corporate Purpose-2024C 26 720,000 GO 2024-123 110,000 31,480 141,480 141,480 C
Corporate Purpose-2024D 27 20,000,000 GO 2024-161 0 900,000 900,000 900,000
Corporate Purpose-2024E 28 5,500,000 GO 2024-456 288,000 198,264 486,264 486,264 0 v
c
Corporate Purpose-2025A 29 3,560,000 GO 2025-013 0 188,284 188,284 188,284 0 v
Corporate Purpose-2025B 30 28,590,000 GO 2025-014 0 1,842,568 1,842,568 1,842,568 0
TOTALS 12,718,000 5,733,713 18,451,713 01 0 4,118,450 14,333,263
v,
CD
3
N
N
O
Page 28 of 38
S A
.o LONG TERM DEBT SCHEDULE-LT DEBT2
GENERAL OBLIGATION BONDS,TIF BONDS,REVENUE BONDS,LOANS,LEASE-PURCHASE PAYMENTS cNri
a '
0 Reductions due to Paid from Funds
Debt Total Bond Reg./ Amount Paid
Amount of Type of Debt Principal Interest Refinancing or OTHER THAN 00
p Debt Name Resolution Obligation Paying Agent Current Year
Issue Obligation Due FY Due FY Prepayment of Current Year Debt
Number Due FY Fees Due FY Certified Debt Service Taxes Debt Service Levy K
ca
o Planned Issues 31 6,000,000 GO 2025-167 345,000 253,265 598,265 598,265
5' TIF Transfer 32 NON-GO 0 4,299,148 -4,299,148
P) Iowa Reinvestment District Transfer 33 NON-GO 0 175,000 -175,000
o Mobile Home Taxes 34 NON-GO 0 10,000 -10,000
Q Interest Revenue 35 NON-GO 0 25,000 -25,000
Bond Registration,Debt Service Expense 36 GO various 0 15,000 15,000
BPTC Reimb 37 NON-GO 0 100,000 -100,000
Rollback Replacement 38 NON-GO 0 85,000 -85,000
CID Hotel Motel Taxes 39 NON-GO 0 300,000 -300,000
71 40 0 0
•J
a 41 0 0
N 42 0 0
Cn
cn 43 0 0
00 44 0 0
45 0 0
46 0 0
47 0 0
48 0 0
49 0 0 v
50 0 0 Q
51 0 I 0
52 0 0
0
53 0 0 m
54 0 0
55 0 0 7
0
56 0 0 -0
m
57 0 0
58 0 0 m
59 0 0
60 0 0 0'
TOTALS 13,063,000 5,986,978 19,049,978 15,000 0 9,112,598 91952,380
N
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3
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Page 29 of 38
LONG TERM DEBT SCHEDULE-LT DEBT3
GENERAL OBLIGATION BONDS,TIF BONDS,REVENUE BONDS,LOANS,LEASE-PURCHASE PAYMENTS cN»
n "
° Reductions due to Paid from Funds
Debt Total Bond Reg./ Amount Paid
Amount Type of Debt Principal Interest Refinancing or OTHER THAN 00
o Debt Name Resolution Obligation Paying Agent Current Year
Q of Issue Obligation Due FY Due FY Prepayment of Current Year Debt K
° Number Due FY Fees Due FY Certified Debt Service Taxes Debt Service Levy
cQ
° 61 0 0
0 62 0 0
v 63 0 0
0 64 0 0
s 65 0 0
66 0 0
67 0 0
3 68 0 0
CL 69 0 0
70 0 0
Q 71 0 0
K) 72 0 0
O
�
73 0 0
°' 74 0 0
75 0 0
76 0 0
77 0 0
78 0 0 r-
79 0 0 °
80 0 0
81 0 0 0
<
82 0 0 m
83 0 0 E
CD
84 0 0
85 0 0 :y
86 0 0 -°6
CD
87 0 0
88 0 0 G
v
89 0 0 c
m
90 0 0 a
TOTALS 13,063,000 5,986,978 19,049,978 15,000 0 9,112,598 9,952,380
CD
3
A
N
O
Page 30 of 38
S A
.o LONG TERM DEBT SCHEDULE-LT DEBT4
GENERAL OBLIGATION BONDS,TIF BONDS,REVENUE BONDS,LOANS,LEASE-PURCHASE PAYMENTS cNri
a '
Debt Total Bond Reg./
Reductions due to Paid from Funds Amount Paid
Amount Type of Debt Principal Interest Refinancing or OTHER THAN Current Year o0
Debt Name Resolution Obli ation Pam Agent
0 of Issue Obligation Due FY Due FY g PayingPrepayment of Current Year Debt Debt Service �
v Number Due FY Fees Due FY Certified Debt Service Taxes Levy
c�
0 91 0 0
92 0 0
93 0 0
0 94 0 0
Q 95 0 0
0.c
96 0 0
97 0 0
98 0 0
99 0 0
CD
100 0 0
7,1)
101 0 0
iv 102 0 0
c�44 103 0 0
°° 104 0 0
105 0 0
106 0 0
107 0 0
108 0 0 r-
109 0 0 0
110 0 0 v
111 0 0 0
112 0 0
113 0 0 E
114 0 0 CD_
115 0 0 :y
116 0 0 -°o
m
117 0 0 7-
118
118 0 0 <
v
119 0 0 s-
v
120 0 0 0
TOTALS 13,063,000 5,986,978 19,049,978 15,000 0 9,112,598 9,952,380 =
m
3
cn
N
O
Page 31 of 38
S A
.o LONG TERM DEBT SCHEDULE-LT DEBTS
GENERAL OBLIGATION BONDS,TIF BONDS,REVENUE BONDS,LOANS,LEASE-PURCHASE PAYMENTS cNri
a '
Debt Total Bond Reg./
Reductions due to Paid from Funds Amount Paid
Amount Type of Debt Principal Interest Refinancing or OTHER THAN Current Year o0
Debt Name Resolution Obli ation Pam Agent
0 of Issue Obligation Due FY Due FY g PayingPrepayment of Current Year Debt Debt Service �
v Number Due FY Fees Due FY Certified Debt Service Taxes Levy
c�
0 121 0 0
122 0 0
123 0 0
0 124 0 0
Q 125 0 0
0.c
126 0 0
127 0 0
128 0 0
CD
129 0 0
130 0 0
7,1)
131 0 0
iv 132 0 0
c�44 133 0 0
co 134 0 0
135 0 0
136 0 0
137 0 0
138 0 0 r-
139 0 0 0
140 0 0 2
141 0 0 0
142 0 0
143 0 0 E
144 0 0 CD_
145 0 0
146 0 0 -°o
m
147 0 0 7-
148
148 0 0 <
v
149 0 0 s-
v
150 0 0 0
TOTALS 13,063,000 5,986,978 19,049,978 15,000 0 9,112,598 9,952,380 =
m
3
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N
O
Page 32 of 38
S A
.o LONG TERM DEBT SCHEDULE-LT DEBT6
GENERAL OBLIGATION BONDS,TIF BONDS,REVENUE BONDS,LOANS,LEASE-PURCHASE PAYMENTS cNri
a '
Debt Total Bond Reg./
Reductions due to Paid from Funds Amount Paid
Amount Type of Debt Principal Interest Refinancing or OTHER THAN Current Year o0
Debt Name Resolution Obli ation Pam Agent
0 of Issue Obligation Due FY Due FY g PayingPrepayment of Current Year Debt Debt Service �
v Number Due FY Fees Due FY Certified Debt Service Taxes Levy
c�
0 151 0 0
152 0 0
153 0 0
0 154 0 0
Q 155 0 0
0.c
156 0 0
157 0 0
158 0 0
CD
159 0 0
160 0 0
7,1)
161 0 0
iv 162 0 0
c�44 163 0 0
co 164 0 0
165 0 0
166 0 0
167 0 0
168 0 0 r-
169 0 0 0
170 0 0 v
171 0 0 0
172 0 0
173 0 0 E
CD
174 0 0
175 0 0 :y
176 0 0 -°o
m
177 0 0 7-
178
178 0 0 <
v
179 0 0 s-
v
180 0 0 0
TOTALS 13,063,000 5,986,978 19,049,978 15,000 0 9,112,598 9,952,380 =
m
3
V
N
O
Page 33 of 38
S A
.o LONG TERM DEBT SCHEDULE-LT DEBT?
GENERAL OBLIGATION BONDS,TIF BONDS,REVENUE BONDS,LOANS,LEASE-PURCHASE PAYMENTS cNri
a '
Debt Total Bond Reg./
Reductions due to Paid from Funds Amount Paid
Amount Type of Debt Principal Interest Refinancing or OTHER THAN Current Year o0
Debt Name Resolution Obli ation Pam Agent
0 of Issue Obligation Due FY Due FY g PayingPrepayment of Current Year Debt Debt Service �
v Number Due FY Fees Due FY Certified Debt Service Taxes Levy
c�
0 181 0 0
182 0 0
183 0 0
0 184 0 0
Q 185 0 0
0.c
186 0 0
187 0 0
188 0 0
CD
189 0 0
m 190 0 0
7,1)
191 0 0
iv 192 0 0
c�44 193 0 0
°° 194 0 0
195 0 0
196 0 0
197 0 0
198 0 0 r-
199 0 0 0
200 0 0 v
201 0 0 0
202 0 0
203 0 0 E
204 0 0 �
205 0 0 :y
206 0 0 -°o
m
207 0 0 7-
208
208 0 0 <
v
209 0 0 s-
v
210 0 0 0
TOTALS 13,063,000 5,986,978 19,049,978 15,000 0 9,112,598 9,952,380 =
m
3
00
N
O
Page 34 of 38
S A
.o LONG TERM DEBT SCHEDULE-GRAND TOTALS
GENERAL OBLIGATION BONDS,TIF BONDS,REVENUE BONDS,LOANS,LEASE-PURCHASE PAYMENTS cNri
a
0 Principal Due Interest Due Total Obligation Due Bond Reg./Paying Agent Reductions due to Refinancing or Paid from Sources OTHER THAN Amount Paid Budget Year
FY 2026 FY 2026 FY 2026 Fees Due FY 2026 Prepayment of Certified Debt Budget Year Debt Service Levy Debt Service Levy 00
0 GO-TOTAL 13,063,000 5,986,978 19,049,978 15,000 0 4,118,450 14,946,528
M NON GO-
0 TOTAL 0 0 0 0 0 4,994,148 -4,994,148
GRAND-
13,063,000 5,986,978 19,049,978 15,000 0 9,112,598 9,952,380
in TOTAL
0
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Page 35 of 38
Proposed Budget 4/7/25
City of Waterloo
Budget Fact Sheet(or How the Work Gets Done)
For the Year Ending June 30,2026
Total
Total Certified Percentage Amount
Expenditures Expenditures Increase Increase
FYE26 FYE25 (Decrease) (Decrease)
General Fund Budget including Employee Benefits $ 84,084,103 $ 83,557,640 0.63 % $ 526,463
Other Operating Budgets $ 47,918,741 $ 47,198,926 1.53 % $ 719,815
Capital Budget $ 137,577,075 $ 141,055,776 (2.47) % $ (3,478,701)
Debt Service Budget $ 19,066,712 $ 15,992,120 19.23 % $ 3,074,592
Total Budget-All Funds $ 288,646,631 $ 287,804,462 0.29 % $ 842,169
City Property Tax Askings-General $ 43,678,335 $ 44,036,575 (0.81) % $ (358,240)
City Property Tax Askings-Library Levy $ 0 $ 0 #DIV/0! % $ 0
City Property Tax Askings-Debt Service $ 9,952,380 $ 9,101,925 9.34 % $ 850,455
City Property Tax Askings-Total $ 53,630,715 $ 53,138,500 0.93 % $ 492,215
City Tax Rate $ 21.79160 $ 22.07438 (1.28) % $ (0.28278)
Total Assessed Valuation-Excluding TIF $ 4,808,565,401 $ 4,715,472,166 1.97 % $ 93,093,235
Total Taxable Valuation-Excluding TIF $ 2,362,220,554 $ 2,331,516,552 1.32 % $ 30,704,002
Tax Increment Valuation $ 652,616,148 $ 636,399,637 2.55 % $ 16,216,511
City Taxes Impact on Property Owners
Residential 1.04 % (5.06) %
Commercial (1.28) % (10.36) %
Industrial (1.27) % (4.45) %
Full-time Equivalent Budgeted Postions
General Fund 411.49 411.29 0.05 % 0.20
Other Funds 154.25 154.25 0.00 % 0.00
Total 565.74 565.54 0.04 % 0.20
General Levies General Levies
(Excluding Debt (Excluding Debt
Percentage of Property Tax Funding Service Levy) Service Levy)
Public Safety 53.33% 53.50%
Public Works 8.63% 8.94%
Health&Social Services 0.48% 0.48%
Culture&Recreation 16.44% 16.22%
Community&Economic Development 5.23% 5.51%
General Government 15.89% 15.35%
Total 100.00% 100.00%
FYE26 Budget Facts 4/3/2025 4:02 PM
Page 36 of 38
GENERALFUND
Percentage
FY25 FY26 Increase Increase
Revenues Adopted • • Explanation
Property Tax-General 19,823,049 20,318,492 495,444 2.50%
Property Tax-Ag Land 44,928 46,535 1,608 3.58%
Property Tax-Local EMC 90,369 93,284 2,915 3.23%
Property Tax-Tort 2,435,468 2,679,018 243,550 10.00%
Property Tax-Transit 1,462,583 1,506,466 43,883 3.00%
Property Tax-Grout - - - 0.00% Discontinued
Property Tax-Library Levy - - 0.00% Discontinued
Local Option Sales Tax - 1,200,000 1,200,000 0.00% Will start January 1,2026
Other City Taxes 8,895,195 8,790,877 (104,318) -1.17%
Licenses&Permits 1,484,705 1,484,520 (185) -0.01%
Use of Money&Property 1,634,500 1,715,500 81,000 4.96%
Intergovernmental-Commercial Backfill 415,429 338,499 (76,930) -18.52% continues phase out-allocation based on levy
Intergovernmental-Business Prop Tax Reimb 686,026 689,344 3,318 0.48%Allocation based on levy-will phase out
Intergovernmental-Other 1,445,603 1,125,377 (320,226) -22.15% Airport ARPA grant is complete
Charges for Service 13,748,178 13,877,261 129,083 0.94%
Special Assessments 470,000 245,000 (225,000) -47.87% Sidewalk assessment decrease
Misc Revenue 9,541,187 8,493,773 (1,047,414) -10.98%
Sale of Assets 85,000 85,000 0.00%
ARPA Cash for Transfer out 10,000,000 5,000,000 (5,000,000) 0.00% Reduction in ARPA Spending
Transfers In-Property Tax-Employee Benefits 15,402,927 14,522,590 (880,337) -5.72%
Transfers In-Other 254,469 256,372 1,903 0.75%
Library Board Requested to not use Library Levy Reserve
Cash on Hand-Restricted Projects 400,866 148,871 (251,995) -62.86%towards Library Personnel for FY25
Total Revenue 88,320,482 82,616,779 (5,703,702) -6.46%
Percentage
FY25 FY26 Increase Increase
Expenditures Adopted • • • Explanation
Police
Personnel 17,354,061 17,891,492 537,431 3.10%
All other expenses 3,800,938 2,865,938 (935,000) -24.60% Decrease in GATSO expenses from reduction in revenue
Emergency Mgmt 90,359 93,284 2,925 3.24%
Fire
Personnel 11,638,814 11,834,456 195,642 1.68%
All other expenses 818,653 818,653 - 0.00%
Ambulance
Personnel 2,837,991 2,915,205 77,214 2.72%
All other expenses 1,520,275 1,520,275 - 0.00%
Building Inspections
Personnel 1,386,213 1,369,829 (16,384) -1.18%
All other expenses 226,784 239,232 12,448 5.49%
Sidewalks 500,000 275,000 (225,000) -45.00%
Parking 425,000 471,750 46,750 11.00%
Airport
not filling a position previously budgeted to be paid for with
Personnel 958,266 867,195 (91,071) -9.50%ARPA funds
All other expenses 590,196 590,196 - 0.00%
Met Transit 1,462,588 1,506,466 43,878 3.00%
Central Garage
Personnel 811,386 822,370 10,984 1.35%
All other expenses 151,718 151,718 - 0.00%
Motor Pool 2,574,829 2,574,829 - 0.00%
Human Rights
Personnel 328,003 339,851 11,848 3.61%
All other expenses 69,199 67,800 (1,399) -2.02%
Library
Health,retirement,and longevity reductions took the salary net
Personnel 2,528,072 2,527,657 (415) -0.02%to a reduction
All other expenses 521,127 521,127 - 0.00%
Cultural Arts
Personnel 1,282,805 1,377,873 95,068 7.41%
All other expenses 237,623 229,623 (8,000) -3.37%
Grout 625,000 417,000 (208,000) -33.28%
Parks/Downtown
12,000 of the decrease is lowered retirement payout,rest is PT
Personnel 2,907,322 2,880,641 (26,681) -0.92%and health
All other expenses 687,087 740,821 53,734 7.82%
Golf
Personnel 1,178,310 1,220,530 42,220 3.58%
All other expenses 270,993 322,871 51,878 19.14%
Sportsplex
Personnel 913,792 960,323 46,531 5.09% Page 37 of 38
All other expenses 666,029 656,145 (9,884) -1.48%
Youth Sports
Personnel 545,657 553,637 7,980 1.46%
All other expenses 146,750 144,550 (2,200) -1.50%
Cemetery 70,000 70,000 - 0.00%
Young Arena
Personnel 578,660 603,566 24,906 4.30%
All other expenses 389,770 388,500 (1,270) -0.33%
Hotel Motel Grants/WCVB 1,520,000 1,300,000 (220,000) -14.47%
Economic Development 254,469 256,372 1,903 0.75% all personnel-TIF salaries
Housing-Special Projects 59,440 59,440 - 0.00% This is some cash on hand that CDBG has for a project.
Planning
Personnel 667,945 676,112 8,167 1.22%
All other expenses 26,414 26,414 - 0.00%
INRCOG 36,350 36,350 0.00%
Convention Center 1,919,646 1,919,646 0.00%
City Property Management 121,900 121,900 - 0.00%
Mayor/Council
Personnel 657,315 674,446 17,131 2.61%
All other expenses 65,670 64,670 (1,000) -1.52%
IT
Personnel 415,944 438,117 22,173 5.33%
All other expenses 234,097 234,097 - 0.00%
Communications 10,920 10,920 0.00%
Clerk/Finance
Personnel 1,178,762 1,164,703 (14,059) -1.19%
All other expenses 697,991 697,991 - 0.00%
City Attorney
Personnel 214,658 232,251 17,593 8.20% 11,000 of the increase is an expected retirement payout
All other expenses 127,820 127,200 (620) -0.49%
Facilities Maintenance
Personnel 486,402 487,069 667 0.14%
All other expenses 281,322 281,322 - 0.00%
Vets Hall 8,815 8,815 - 0.00%
Liability Insurance 3,042,398 3,289,226 246,828 8.11%
Health Insurance 2,865,000 3,100,000 235,000 8.20%
HR
Personnel 493,859 506,376 12,517 2.53%
All other expenses 79,300 79,300 - 0.00%
Work Comp 1,770,000 1,770,000 - 0.00% don't need to increase per HR
Public Access Studio
Personnel 187,314 192,289 4,975 2.66%
All other expenses 6,350 6,350 - 0.00%
Transfers Out 10,000,000 5,000,000 (5,000,000) -50.00%
Total Expenditure 88,524,371 83,5919779 (49932,592) -5.57%
Net Position i 000
Page 38 of 38