Meeting Agenda
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1. Open Meeting
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2. Roll Call
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3. Consent Agenda
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3.A. Approve Meeting Minutes
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3.B. Accept the City Treasurer's Report
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3.C. Approve the Payment of Claims Against the City
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4. Items of Business
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4.A. Public Hearing for testimony in support of and/or opposition to the proposed budget and property tax request for fiscal year 2024-2025.
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5. Petitions - Communications - Citizen Concerns
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6. Officers' Reports
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7. Adjournment
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Agenda Item Details
Reload Your Meeting
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Meeting: | October 8, 2024 at 6:00 PM - Crete City Council Budget Hearing Meeting | |||
Subject: |
1. Open Meeting
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Rationale:
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Subject: |
2. Roll Call
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Rationale:
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Subject: |
3. Consent Agenda
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Rationale:
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Action(s):
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Subject: |
3.A. Approve Meeting Minutes
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Subject: |
3.B. Accept the City Treasurer's Report
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Subject: |
3.C. Approve the Payment of Claims Against the City
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Subject: |
4. Items of Business
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Rationale:
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Subject: |
4.A. Public Hearing for testimony in support of and/or opposition to the proposed budget and property tax request for fiscal year 2024-2025.
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Discussion:
The Public Hearing opened at 6:01 p.m.
City Administrator, Tom Ourada, went through the 2024-2025 State of Nebraska City Budget Form and stated the following: - Projected Outstanding Bonded Indebtedness as of October 1, 2024 Principal $16,682,584.00 Interest $2,412,204.00 Total Bonded Indebtedness $19,094,752.00. - summary of Beginning Balances, Receipts, & Transfers Net Cash Balance $18,045,435.00 Total Resources Available $51,516,612.70 Total Disbursements & Transfers $45,400,688.00 Balance Forward/Cash Reserve $6,115,924.70 Total Property Tax Requirements $1,545,330.00 - Summary of Tax Request that County Clerk uses to assess the taxes - Summary of columns for the fiscal year - 2024-2025 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 $6,821,478.00 and Total LID EXCEPTIONS $1,976,263.00 TOTAL RESTRICTED FUNDS $4,845,215.00 LID COMPUTATION FORM FOR FISCAL YEAR 2024-2025 - Current year allowable increases (Base limitation percent increase 2.5%) Allowable growth per the Assessor Minus 2.5% 0.00% There is the additional 1% increase, that the Council will need approve. Total unused Restricted Funds Authority $10,582.74 must be greater than 0 or equal to 0 Municipality Levy Limit Form - Personal and Real Property Tax Request $1,545,330.00 - Bonded Indebtedness $241,000.00 - Total Levy Exemptions $241,000.00 - Total Levy Request Subject to Levy Limit $1,304,330.00 - Valuation $450,968,476.00 - Municipality Levy Subject to Levy Authority 0.289229 - Property Valuation $450,968,476.00 - Property Tax Request $1,545,330.00 - Tax Rate $0.332591 The Public Hearing closed at 6:14 p.m. |
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Action(s):
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Attachments:
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Subject: |
5. Petitions - Communications - Citizen Concerns
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Rationale:
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Subject: |
6. Officers' Reports
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Rationale:
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Subject: |
7. Adjournment
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Discussion:
6:14 p.m.
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