HomeMy WebLinkAboutA001 - Council Action Form dated November 26, 2024ITEM #:16
DATE:11-26-24
DEPT:FIN
SUBJECT:FY 2023/24 ANNUAL STREET FINANCIAL REPORT
COUNCIL ACTION FORM
BACKGROUND:
Section 312.14 of the Code of Iowa requires each city receiving allotments of Road Use Tax funds to
annually prepare and submit to the Iowa Department of Transportation (IDOT) by December 1 a Street
Financial Report of expenditures and receipts for the fiscal year then ended. Those cities not complying
with this section of the Code of Iowa will have Road Use Tax funds withheld until the city complies.
The attached report to be submitted is for the fiscal year ended June 30, 2024.
ALTERNATIVES:
1. Approve the 2024 Street Financial Report for submittal to the IDOT.
2. Do not approve the 2024 Street Financial Report.
CITY MANAGER'S RECOMMENDED ACTION:
In order for the City of Ames to continue to receive Road Use Tax funds, it is necessary to submit
an annual Street Financial Report to the IDOT. Therefore, it is the recommendation of the City
Manager that the City Council adopt Alternative No. 1, thereby approving the 2024 Street Financial
Report for submittal to the IDOT.
ATTACHMENT(S):
Ames2024 - For Council.pdf
1
Bureau of Local Systems
Ames, IA 50010
Fiscal Year 2024
Ames
11/5/2024 4:47:06 PM
City Street Finance Report
General
Fund
Streets
(001)
Road
Use
(110)
Other
Special
Revenues
Debt
Service
(200)
Capitial
Projects
(300)
Utilities
(600 & U0)
Grand
Total
Street Lights $887,613 $887,613
Engineering $364,754 $687,913 $456,804 $1,509,471
Street Maintenance
Expense
$65,791 $5,553,676 $25,000 $349,381 $5,993,848
Other Professional
Services
$431,749 $149,916 $3,293 $584,958
Storm Drainage $745,111 $745,111
Street - New Roadway $28,600 $1,965,307 $1,993,907
Street - Capacity
Improvement
$215,638 $39,517 $8,831,346 $9,086,501
Principal Payment $6,713,600 $6,713,600
Interest Payment $1,997,321 $1,997,321
Parking $590,819 $590,819
Traffic Control/Safety $198,458 $981,654 $235,516 $1,166,139 $2,581,767
Snow Removal $822,298 $822,298
Snow Removal Salaries $401,251 $401,251
Snow Removal Benefits $182,696 $182,696
Total $1,151,862 $8,953,716 $303,633 $8,710,921 $12,825,621 $2,145,408 $34,091,161
Expenses
Page 1 of 8
2
Bureau of Local Systems
Ames, IA 50010
Fiscal Year 2024
Ames
11/5/2024 4:47:06 PM
City Street Finance Report
Revenue
General
Fund
Streets
(001)
Road
Use
(110)
Other
Special
Revenues
Debt
Service
(200)
Capitial
Projects
(300)
Utilities
(600 & U0)
Grand
Total
Levied on Property $896,488 $0 $8,710,921 $9,607,409
Other Taxes (Hotel, LOST)$303,633 $303,633
Interest $196,449 $196,449
Federal Grants $108,745 $18,066 $126,811
State Revenues - Road
Use Taxes
$9,382,986 $9,382,986
Other State Grants - IDOT $73,772 $1,667,910 $1,741,682
Local Contributions $3,815 $750 $4,565
Charges/fees $72,857 $2,145,408 $2,218,265
Assessments $241,098 $241,098
Sale of Property &
Merchandise
$19,130 $19,130
Proceeds from Debt $11,283,113 $11,283,113
Total $1,151,862 $9,405,931 $303,633 $8,710,921 $13,407,386 $2,145,408 $35,125,141
Page 2 of 8
3
Bureau of Local Systems
Ames, IA 50010
Fiscal Year 2024
Ames
11/5/2024 4:47:06 PM
City Street Finance Report
Bonds/Loans
Bond/Loan
Description
Principal
Balance
As of 7/1
Total
Principal
Paid
Total
Interest
Paid
Principal
Roads
Interest
Roads
Principal
Balance
As of 6/30
2018 GO BOND $4,790,000 $600,000 $181,500 $600,000 $181,500 $4,190,000
2021A GO Bond $15,880,000 $1,840,000 $602,038 $1,109,548 $363,038 $14,040,000
2020A GO Bond $7,415,000 $695,000 $270,525 $605,556 $235,710 $6,720,000
2017 GO BOND $2,440,776 $369,139 $76,930 $369,139 $76,930 $2,071,637
2014 go bond $1,665,019 $680,975 $39,923 $680,975 $39,923 $984,044
2015 go bond $2,572,190 $617,647 $74,077 $617,647 $74,077 $1,954,543
2016 GO BOND $1,898,056 $356,330 $52,927 $356,330 $52,927 $1,541,726
2019A GO BOND $7,485,000 $860,000 $257,850 $718,616 $215,459 $6,625,000
2022A GO Bond $11,240,000 $790,000 $549,100 $659,025 $458,064 $10,450,000
2023D GO Bond $12,110,000 $1,130,000 $339,753 $996,764 $299,693 $10,980,000
Total $67,496,041 $7,939,091 $2,444,623 $6,713,600 $1,997,321 $59,556,950
Page 3 of 8
4
Bureau of Local Systems
Ames, IA 50010
Fiscal Year 2024
Ames
11/5/2024 4:47:06 PM
City Street Finance Report
Equipment
Description Model Year Usage Type Cost Purchased Status
Dodge Ram Pickup 2500 2WD 2018 Purchased $28,115 No Change
Chevrolet Silverado 3500 Truck w/ Flatbed DRW 2019 Purchased $50,443 No Change
Ford F150 Pickup Truck 2018 Purchased $30,004 No Change
Ford F150 Crew Cab 4x4 Pickup 2018 Purchased $30,572 No Change
Cimline Mastic Hot Tar Patch Machine 2019 Purchased $77,050 No Change
Case 590SN Tractor Loader Backhoe 2019 Purchased $120,518 No Change
Chevrolet Silverado 1500 Crew Cab 4x4 2020 Purchased $31,022 No Change
Isuzu NPR-HD truck w- EZ-Liner Roadway Line painter 2019 Purchased $153,949 No Change
Chicago Pneumatic 185CU Compressor 2019 Purchased $20,616 No Change
Ford F150, Pickup 2010 Purchased $24,237 No Change
Ford F550 Aerial Truck 2012 Purchased $102,488 No Change
Ford Expedition EL, Utility Vehicle 2012 Purchased $47,801 No Change
Ring-O-Matic 550-VACEX, Vacuum, Hydro, Trailer Mounted 2012 Purchased $54,618 No Change
Kubota L4760 HSTC 2014 Purchased $41,120 No Change
Ford F550 Truck 2015 Purchased $125,948 No Change
International 7300, Dump Truck 2017 Purchased $157,807 No Change
Zetor, Proxima 120 Tractor 2015 Purchased $63,359 No Change
Case DV23 Asphalt Roller 2018 Purchased $35,285 No Change
RAM 4500 Dump Truck 2018 Purchased $58,750 No Change
Caterpillar CB22, Asphalt Roller 2013 Purchased $34,048 No Change
International 7300, Dump Truck 2014 Purchased $133,249 No Change
Page 4 of 8
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Bureau of Local Systems
Ames, IA 50010
Fiscal Year 2024
Ames
11/5/2024 4:47:06 PM
City Street Finance Report
Description Model Year Usage Type Cost Purchased Status
International 7300, Dump Truck 2017 Purchased $157,839 No Change
Ford F250, Pickup 2017 Purchased $28,954 No Change
International HV05 2021 Purchased $203,000 No Change
International HV05 2021 Purchased $187,807 No Change
Bobcat Wheel Saw W-18 2020 Purchased $14,996 No Change
Bobcat S-770, Skid Steer 2020 Purchased $50,304 No Change
International 7500 SFA 6X4 2018 Purchased $206,307 No Change
RAM 5500 Dump Truck 2018 Purchased $54,328 No Change
International HV05 2021 Purchased $187,807 No Change
Ford F350 Pickup Truck 2010 Purchased $45,507 No Change
International 7500 SFA 6X4 2018 Purchased $206,083 No Change
Bobcat E50 Miniexcavator 2017 Purchased $68,334 No Change
RAM 5500 Dump Truck 2016 Purchased $68,862 No Change
Ford F150 Pickup Truck 2017 Purchased $34,919 No Change
Ford F150 Pickup 2017 Purchased $33,157 No Change
Stanley Breaker MBX15 2016 Purchased $12,575 No Change
Huskqvarna Concrete Saw FS5000D 2016 Purchased $22,595 No Change
KM International Hot Box Trailer, KM8000 2020 Purchased $31,748 No Change
Bobcat M7017, Pavement Milling Machine, Hydraulic 2020 Purchased $16,180 No Change
Caterpillar 430F2 Tractor Loader Backhoe 2017 Purchased $124,151 No Change
Ford F150 Crew Cab 4x4 Pickup 2017 Purchased $33,898 No Change
International HV05 2021 Purchased $187,807 No Change
International HV05 2021 Purchased $187,807 No Change
Page 5 of 8
6
Bureau of Local Systems
Ames, IA 50010
Fiscal Year 2024
Ames
11/5/2024 4:47:06 PM
City Street Finance Report
Description Model Year Usage Type Cost Purchased Status
International HV05 2021 Purchased $187,807 No Change
Peterbilt 220, Schwartz Street Sweeper 2020 Purchased $281,473 No Change
RAM 4500 Dump Truck 2018 Purchased $42,018 No Change
Trailer 2017 Purchased $17,498 No Change
Bobcat Track Steer T594 2017 Purchased $51,668 No Change
Ford F350 Pickup 2019 Purchased $34,721 No Change
Bobcat Track Steer T76 2021 Purchased $60,434 No Change
Deere 544L, Wheel Loader 2019 Purchased $159,277 No Change
RAM 4500 Dump Truck 2018 Purchased $63,248 No Change
Ford F150 Crew Cab 4x4 Pickup 2018 Purchased $36,026 No Change
International HV05 2021 Purchased $187,807 No Change
Ford F350 Pickup 2019 Purchased $34,720 No Change
Ford F150 Pickup Truck 2022 Purchased $37,130 No Change
John Deere 624 Wheel Loader 2010 Purchased $130,462 No Change
Dodge RAM 5500 Truck 2022 Purchased $68,253 No Change
Caterpillar 430 2023 Purchased $155,000 New
Caterpillar 430 2023 Purchased $155,000 New
Caterpillar 430 2023 Purchased $155,000 New
Ford F150 Crew Cab 4x4 Pickup 2023 Purchased $48,056 New
Page 6 of 8
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Bureau of Local Systems
Ames, IA 50010
Fiscal Year 2024
Ames
11/5/2024 4:47:06 PM
City Street Finance Report
Street Projects
Project Description Contract Price Final Price Contractor Name
20/21 ROW Restoration (Standard
Vegetation)
$96,176 $85,581 Country Landscapes
22/23 Downtown Street Pavement
Improvements (5th St-6th St Alley)
$10,306,230 $10,307,101 Brothers Concrete
22/23 Fire State 3 PCC Replacement $22,826,950 $22,826,645 Brothers Concrete
22/23 Main Street Paver Replacement
(Kellogg Ave-Douglas Ave & Douglas
Ave to Duff Ave)
$333,333 $365,546 Con-Struct, Inc
22/23 Pavement Restoration- Slurry
Seal - Hunziker Dr, Harding, Bel Air,
Alabama. Arizona, 25th -26th, 15th,
Wilson
$210,647 $195,376 Fort Dodge Asphalt
21/22 Collector (Hoover)$2,185,488 $2,263,579 Manatt's
22/23 Asphalt Street Pavement
Improvement (28th Street - Hoover to
Ferndale)
$846,927 $867,083 Manatt's
22/23Seal Coat Street Pavement
Improvements (Murray Drive-
Northwestern to Grand Ave)
$772,863 $714,728 Manatt's
21/22 Accessibility Enhancement
Program
$179,758 $161,750 Caliber Concrete
S. Grand Ave Extension (Connection
from S. 16th to S. 5th Street)
$9,368,716 $8,883,564 Peterson Contractors, Inc
23/24 Traffic Signal Program (S. Duff
and Chestnut)
$256,658 $193,074 Van Maanen Electric
25/26 Traffic Signal Program (footings
and conduit)
$108,692 $108,692 Van Maanen Electric
Page 7 of 8
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Bureau of Local Systems
Ames, IA 50010
Fiscal Year 2024
Ames
11/5/2024 4:47:06 PM
City Street Finance Report
Summary
Resolution Number:
Execution Date:
Signature:
General
Fund
Streets
(001)
Road
Use
(110)
Other
Special
Revenues
Debt
Service
(200)
Capitial
Projects
(300)
Utilities
(600 & U0)
Grand
Total
Begining Balance $0 $8,562,040 $0 $0 $30,338,872 $0 $38,900,912
SubTotal Expenses (-)$1,151,862 $8,953,716 $303,633 $8,710,921 $12,825,621 $2,145,408 $34,091,161
Subtotal Revenues (+)$1,151,862 $9,405,931 $303,633 $8,710,921 $13,407,386 $2,145,408 $35,125,141
Ending Balance $0 $9,014,255 $0 $0 $30,920,637 $0 $39,934,892
Page 8 of 8
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