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CITY OF BUFFALO-legals – Ad from 2025-10-01

CITY OF BUFFALO-legals - Ad from 2025-10-01

NOTICE OF PUBLIC HEARING – AMENDMENT OF CURRENT BUDGET City of BUFFALO Fiscal Year July 1, 2025 – June 30, 2026 The City of BUFFALO will conduct a public hearing for the purpose of amending the current budget for fiscal year ending June 30, 2026 Meeting Date/Time: 10/13/2025 06:00 PM Contact: Tanna Leonard Phone: (563) 381-2226 Meeting Location: 329 Dodge Street, Buffalo, IA 52728 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. Budget amendments are subject to protest. If protest petition requirements are met, the State Appeal Board will hold a local hearing. For more information, consult https://dom.iowa.gov/local-gov-appeals. Total Budget Current Total Budget REVENUES & OTHER FINANCING SOURCES as Certified Amendment After Current or Last Amended Amendment Taxes Levied on Property 1 1,090,450 0 1,090,450 Less: Uncollected Delinquent Taxes – Levy Year 2 0 0 0 Net Current Property Tax 3 1,090,450 0 1,090,450 Delinquent Property Tax Revenue 4 0 0 0 TIF Revenues 5 0 0 0 Other City Taxes 6 267,302 0 267,302 Licenses & Permits 7 8,970 0 8,970 Use of Money & Property 8 160,932 0 160,932 Intergovernmental 9 206,000 0 206,000 Charges for Service 10 1,437,576 0 1,437,576 Special Assessments 11 0 0 0 Miscellaneous 12 235,984 29,000 264,984 Other Financing Sources 13 0 0 0 Transfers In 14 498,200 0 498,200 Total Revenues & Other Sources 15 3,905,414 29,000 3,934,414 EXPENDITURES & OTHER FINANCING USES Public Safety 16 828,179 0 828,179 Public Works 17 667,663 0 667,663 Health and Social Services 18 0 0 0 Culture and Recreation 19 225,492 0 225,492 Community and Economic Development 20 5,000 150,000 155,000 General Government 21 146,590 0 146,590 Debt Service 22 251,664 0 251,664 Capital Projects 23 0 400,000 400,000 Total Government Activities Expenditures 24 2,124,588 550,000 2,674,588 Business Type/Enterprise 25 1,155,066 0 1,155,066 Total Gov Activities & Business Expenditures 26 3,279,654 550,000 3,829,654 Transfers Out 27 498,200 0 498,200 Total Expenditures/Transfers Out 28 3,777,854 550,000 4,327,854 Excess Revenues & Other Sources Over (Under) 29 127,560 -521,000 -393,440 Expenditures/Transfers Out Beginning Fund Balance July 1, 2025 30 6,197,701 0 6,197,701 Ending Fund Balance June 30, 2026 31 6,325,261 -521,000 5,804,261 Explanation of Changes: Community Development Projects, Street Scape, Dock Supplies, and Comprehensive plan $150K Street maintenance from GO Bond proceeds $400K