Details for City of Hornick/Legals - Ad from 2021-04-29

NOTICE OF PUBLIC HEARING - AMENDMENT OF CURRENT BUDGET
HORNICK
Fiscal Year July 1, 2020 - June 30, 2021
The City of HORNICK will conduct a public hearing for the purpose of amending the current budget for fiscal year ending June 30, 2021
Meeting Date/Time: 5/10/2021 07:00 PM

Contact: Lori J Teel

Phone: (712) 874-3374

Meeting Location: Hornick City Office
400 Main St
Hornick, IA 51026
There will be no increase in taxes. Any residents or taxpayers will be heard for or against the proposed amendment at the time and place specified above. A
detailed statement of: additional receipts, cash balances on hand at the close of the preceding fiscal year, and proposed disbursements, both past and
anticipated, will be available at the hearing.
Total Budget
Current
Total Budget After
REVENUES & OTHER FINANCING SOURCES
as Certified
Amendment
Current Amendment
or Last Amended
Taxes Levied on Property

1

Less: Uncollected Delinquent Taxes - Levy Year

2

0

0

0

Net Current Property Tax

3

62,178

62,178

0

0

62,178

62,178

Delinquent Property Tax Revenue

4

0

0

0

TIF Revenues

5

60,000

0

60,000

Other City Taxes

6

33,639

0

33,639

Licenses & Permits

7

400

0

400

Use of Money & Property

8

1,000

0

1,000

9

57,922

195,000

252,922

Charges for Service

10

101,000

0

101,000

Special Assessments

Intergovernmental

11

0

0

0

Miscellaneous

12

0

0

0

Other Financing Sources

13

0

0

0

Transfers In

14

82,800

0

82,800

Total Revenues & Other Sources

15

398,939

195,000

593,939

EXPENDITURES & OTHER FINANCING USES
Public Safety

16

27,150

44,850

72,000

Public Works

17

53,000

0

53,000

Health and Social Services
Culture and Recreation
Community and Economic Development
General Government
Debt Service
Capital Projects
Total Government Activities Expenditures
Business Type/Enterprise
Total Gov Activities & Business Expenditures
Tranfers Out
Total Expenditures/Transfers Out
Excess Revenues & Other Sources Over
(Under) Expenditures/Transfers Out
Beginning Fund Balance July 1, 2020

18
19
20
21
22
23
24
25
26
27
28

2,500
11,150
20,500
83,750
0
31,200
229,250
73,000
302,250
82,800
385,050

0
0
2,900
0
12,920
90,000
150,670
0
150,670
0
150,670

2,500
11,150
23,400
83,750
12,920
121,200
379,920
73,000
452,920
82,800
535,720

29

13,889

44,330

58,219

30

134,267

134,267

268,534

Ending Fund Balance June 30, 2021
31
148,156
178,597
Explanation of Changes: REVENUES: FEMA Flood Revenues; MHRD Grant for Fire Department
EXPENDITURES: FEMA flood expenditures, water filter replacement TIF project,; Interest expense for GO loan; Fire Gear Purchase
Additional expenses were only made with additional funds received from grants.

326,753

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