The City Council of UTE will conduct a PUBLIC HEARING
Meeting Date: 12/9/2024 Meeting Time: 06:00 PM Meeting Location: Council Chambers, Ute City Hall, 130 E Main St. Ute IA 51060
Contact Name: Megan Peitsch Contact Telephone Number: (712) 885-2237
,for the purpose of amending the current budget of the city for the fiscal year ending June 30, 2025 by changing estimates of revenue and expenditure appropriations in the following functions for the reasons given. Additional detail is available at the city clerk’s office showing revenues and expenditures by fund type and by activity.
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.
Explanation of increases or decreases in revenue estimates, appropriations, or available cash:
INCREASED REVENUE: Intergovernmental – added Fire Dept SCBA grants, Well Project grants, and USDA Loan Proceeds for UBI Interim Construction Loan payoff, Charges for Service – Increased to reflect actual amount estimated to be collected. Transfers In – Added transfer of existing emergency levy funds to be expensed to funds per resolution.
INCREASED EXPENSES: Public Safety – SCBA equipment purchases, partially offset by matching grants, Culture/Rec – Park has anticipated increased expenses to repair equipment, Gen Gov – furnace replacement, Business type/enterprise – water and sewer increased operating costs, added well project, and payoff of UBI Interim Construction Loan with USDA loan proceeds. Transfers Out – Added transfer of existing emergency levy as referenced above.
BEGINNING FUND BALANCE: changed to reflect balance from AFR after a persistent error in a fund balance was corrected with the state.