Meeting Agenda
1. Open Meeting
2. Roll Call
3. Items of Business
3.A. Public Hearing for testimony in support of and/or opposition to the proposed budget and property tax request for fiscal year 2023-2024.
4. Adjournment
Agenda Item Details Reload Your Meeting
 
Meeting: September 5, 2023 at 6:00 PM - Crete City Council Budget Hearing
Subject:
1. Open Meeting
Rationale:
  • In accordance with Nebraska law, a copy of the Open Meetings Act can be found in the back of the Council Chambers.
  • Items listed on the agenda may be considered in any order.
  • Please stand for the Pledge of Allegiance.
Subject:
2. Roll Call
Rationale:
  • Attendance of members will be recorded to determine the presence of a quorum for official actions.
Subject:
3. Items of Business
Rationale:
  • Action may be taken to discuss/limit discussion, to hear testimony in favor of or in opposition to, and to approve or disapprove any matter presented under this title.
Subject:
3.A. Public Hearing for testimony in support of and/or opposition to the proposed budget and property tax request for fiscal year 2023-2024.
Discussion:
The Public Hearing was opened at 6:01pm. The Public Hearing was closed at 6:10pm. City Clerk-Treasurer Jerry Wilcox went through the 2023-2024 State of Nebraska City Budget Form and stated the following:
- Projected Oustanding Bonded Indebtedness as of October 1, 2023 Principal $17,832,267.00 Interest $2,671,101.00 Total Bonded Indebtedness $20,503,368.00
- summary of Beginning Balances, Receipts, & Transfers Net Cash Balance $15,361,074.00 Total Resources Available $58,281,371.70 Total Disbursements & Transfers $45,072,000.00 Balance Forward/Cash Reserve $13,209,371.70 Total Property Tax Requiremetn $1,499,880.00

- Summary of Tax Request that County Clerk uses to assess the taxes 
- Summary of columns for the fiscal year

- 2023-2024 LID SUPPORTING SCHEDULE 
- Calculations of Restricted Funds which include the property tax, sales tax, state aid, motor vehicle fees, and transfer of surplus fees. The total restricted funds are $6,190,148.00 and Total LID EXCEPTIONS $1,633,830.00 TOTAL RESTRICTED FUNDS $4,556,318.00

LID COMPUTATION FORM FOR FISCAL YEAR 2023-2024
- Current year allowable increases (Base limitation percent increase 2.5%) Allowable growth per the Assessor Minus 2.5% 0.48%
Total unused Restricted Funds Authority $135,274.02 
must be greater than 0 or equal to 0 

Municipality Levy Limit Form 
- Personal and Real Property Tax Request $1,499,880.00
- Bonded Indebtedness $241,000.00
- Total Levy Exemptions $241,000.00
- Total Levy Request Subject to Levy Limit $1,258,880.00
- Valuation $415,808.242
- Municipality Levy Subject to Levy Authority 0.302755

- Property Valuation $415,808,242, increase of 20%
- Total Disbursements and Transfers is $45,072,000, increase of 19%
- Total Resources Available $58,281,372
- Unused Budget Authority $135,274
- Property Tax Request $1,499,880, increase of 3%
- Tax Rate $0.360714, decrease of 14%
 
Action(s):
Motion 1 Carried:
Open Public Hearing for testimony in support of and/or opposition to the proposed budget and property tax request for fiscal year 2023-2024. Carried with a motion by Dale Strehle and a second by Dan Papik.
  • Kyle Frans: Absent
  • Tom Crisman: Aye
  • Anthony Fitzgerald: Aye
  • Ashley Newmyer: Aye
  • Dale Strehle: Aye
  • Dan Papik: Aye
Motion 2 Carried:
Closed Public Hearing for testimony in support of and/or opposition to the proposed budget and property tax request for fiscal year 2023-2024. Carried with a motion by Dale Strehle and a second by Dan Papik.
  • Kyle Frans: Absent
  • Tom Crisman: Aye
  • Anthony Fitzgerald: Aye
  • Ashley Newmyer: Aye
  • Dale Strehle: Aye
  • Dan Papik: Aye
Attachments:
Subject:
4. Adjournment
 

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