Notice of Hearing for the FY’25 BV County Budget

NOTICE OF PUBLIC HEARING — PROPOSED BUDGET

Fiscal Year July 1, 2024 – June 30, 2025

County Name: BUENA VISTA COUNTY  County Number: 11

 

The County Board of Supervisors will conduct a public hearing on the proposed Fiscal Year County budget as follows:

Meeting Date: 4/23/2024     Meeting Time: 09:00 AM      Meeting Location: Board of Supervisors Room, Buena Vista County Courthouse

At the public hearing any resident or taxpayer may present objections to, or arguments in favor of, any part of the proposed budget. This notice represents a summary of the supporting detail of revenues and expenditures on file with the County Auditor. A copy of the supporting detail will be furnished upon request.

County budgets are subject to protest. If protest petition requirements are met, the State Appeal Board will hold a local hearing. For more information, consult dom.iowa.gov/local-budget-appeals

Average annual percentage changes between “Actual” and “Budget” amounts for “Taxes Levied on Property”, “Other County Taxes/ TIF Tax Revenues”, and for each of the ten “Expenditure Classes” must be published. Expenditure classes proposing “Budget”amounts, but having no “Actual” amounts, are designated “NEW”.

County Website (if available) https://buenavistacounty.iowa.gov/

County Telephone Number

(712) 749-2542

		Budget 2024/2025		Re-Est 2023/2024	Actual 2022/2023	AVG Annual % CHG
REVENUES & OTHER FINANCING SOURCES
Taxes Levied on Property	1	13,551,931		12,951,583	11,111,251	10.44
Less: Uncollected Delinquent Taxes – Levy Year	2	67,759		64,095	38,473
Less: Credits to Taxpayers	3	303,350		563,223	507,584
Net Current Property Taxes	4	13,180,822		12,324,265	10,565,194
Delinquent Property Tax Revenue	5	1,250		1,102	1,939
Penalties, Interest & Costs on Taxes	6	23,500		43,500	52,132
Other County Taxes/TIF Tax Revenues	7	1,530,441		1,351,396	1,408,466	4.24
Intergovernmental	8	11,828,273		8,452,384	8,247,627
Licenses & Permits	9	119,500		114,404	168,514
Charges for Service	10	846,445		789,999	1,008,336
Use of Money & Property	11	587,055		549,754	559,756
Miscellaneous	12	174,900		187,099	264,024
Subtotal Revenues	13	28,292,186		23,813,903	22,275,988
Other Financing Sources:
General Long-Term Debt Proceeds	14	0		1,426,290	4,814,617
Operating Transfers In	15	3,489,597		3,469,442	3,590,302
Proceeds of Fixed Asset Sales	16	750		750	1,630
Total Revenues & Other Sources	17	31,782,533		28,710,385	30,682,537
EXPENDITURES & OTHER FINANCING USES
Operating:
Public Safety and Legal Services	18	7,091,538		6,510,643	5,448,784	14.08
Physical Health and Social Services	19	2,082,317		1,882,042	1,884,325	5.12
County Environment and Education	21	1,703,609		1,473,751	1,393,844	10.55
Roads & Transportation	22	8,805,000		9,105,000	6,826,175	13.57
Government Services to Residents	23	1,130,245		1,101,727	992,702	6.70
Administration	24	3,237,874		2,979,422	2,586,913	11.88
Nonprogram Current	25	421,560		300,853	273,121	24.24
Debt Service	26	1,177,549		1,329,215	1,547,402	-12.77
Capital Projects	27	8,736,415		9,251,130	2,981,634	71.17
Subtotal Expenditures	28	34,386,107		33,933,783	23,934,900
Other Financing Uses:
Operating Transfers Out	29	3,489,597		3,469,442	3,590,302
Refunded Debt/Payments to Escrow	30	0		0	0
Total Expenditures & Other Uses	31	37,875,704		37,403,225	27,525,202
Excess of Revenues & Other Sources
over (under) Expenditures & Other Uses	32	-6,093,171		-8,692,840	3,157,335
Beginning Fund Balance – July 1,	33	12,694,019		21,386,859	18,229,524
Increase (Decrease) in Reserves (GAAP Budgeting)	34	0		0	0
Fund Balance – Nonspendable	35	0		0	0
Fund Balance – Restricted	36	3,922,192		8,805,519	17,735,023
Fund Balance – Committed	37	468,232		473,532	473,532
Fund Balance – Assigned	38	0		0	0
Fund Balance – Unassigned	39	2,210,424		3,414,968	3,178,304
Total Ending Fund Balance – June 30,	40	6,600,848		12,694,019	21,386,859
Proposed property taxation by type:			Proposed tax rates per $1,000 taxable valuation:
Countywide Levies*: 10,587,717
Rural Only Levies*: 2,964,214
			Urban Areas: 7.41496
Special District Levies*: 0
			Rural Areas: 10.89535
TIF Tax Revenues: 142,166
			Any special district tax rates not included.
Utility Replacement Excise Tax: 377,000

Explanation of any significant items in the budget or additional virtual meeting information:

Notice of Hearing for the FY’25 BV County Budget