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Home My WebLink AboutA036 - Hearing on final amendment to Fiscal Year 2024/25 BudgetITEM #:39 DATE:05-27-25 DEPT:FIN SUBJECT:FINAL AMENDMENT TO FISCAL YEAR 2024/25 ADJUSTED BUDGET COUNCIL ACTION FORM BACKGROUND: The Code of Iowa requires that city spending by program not exceed Council-approved budget amounts at any time during the year. To maintain compliance, the City of Ames monitors spending against the approved budget and prepares amendments to the budget several times during the fiscal year. The following is the customary amendment schedule: Amendment #1 - A first amendment is prepared to carry over unspent project amounts from the prior fiscal year in the fall. Amendment #2 - The second amendment is completed as part of the adoption process for the next fiscal year’s budget. Amendment #3 - A final spring amendment is necessary to adjust for any significant changes that have occurred since the prior amendment. This amendment is typically restricted to the early start of CIP projects approved for the following fiscal year, new grants received and their associated project expenses, and any significant changes in CIP projects, operating expenses, or revenues. Staff has prepared the final amendment (#3) to the FY 2024/25 City budget. The attached summary outlines the revenue and expenditure changes by fund, and contains a narrative explaining the changes. The final FY 2024/25 budget includes a final net increase in revenues of $281,384 and a net increase in expenditures of $1,467,258. Changes include modifications to CIP projects and schedules, minor operating budget adjustments, and the adjustment of debt service schedules related to SRF-funded projects. ALTERNATIVES: 1. Approve a final amendment to the Fiscal Year 2024/25 budget by increasing revenues by $281,384 and expenditures by $1,467,258. 2. Refer this item back to staff for additional information or other adjustments to the amendments 1 CITY MANAGER'S RECOMMENDED ACTION: The proposed amendment to the FY 2024/25 budget allows the budget to better reflect the changes noted in the FY 2024/25 final amendment document. Therefore, it is the recommendation of the City Manager that the City Council approve Alternative No. 1, as described above. ATTACHMENT(S): 2024-25 Final Amendments.pdf 2 CITY OF AMES, IOWA 2024/25 FINAL AMENDMENTS 3 1 Revenue Summary by Fund Percentage 2024/25 2024/25 2024/25 Change from Adjusted Final Changes Final Amended Adjusted General Fund 45,829,019 17,900 45,846,919 0.0% Special Revenue Funds: Local Option Sales Tax 12,558,730 - 12,558,730 0.0% Hotel/Motel Tax 2,775,000 - 2,775,000 0.0% Road Use Tax 9,404,055 - 9,404,055 0.0% Police Forfeiture 10,000 - 10,000 0.0% Public Safety Donations/Grants 287,659 - 287,659 0.0% Animal Shelter Donations 80,000 44,500 124,500 55.6% City-Wide Housing Programs 500 - 500 CDBG Program 1,884,552 - 1,884,552 0.0% HOME Program 2,939,498 - 2,939,498 0.0% HOME American Rescue Plan 630,983 - 630,983 0.0% Employee Benefit Property Tax - - - Police/Fire Retirement 2,000 - 2,000 0.0% Parks & Rec Grants/Donations 638,216 (52,349) 585,867 -8.2% Parks & Rec Scholarships 216,000 - 216,000 0.0% FEMA/COVID-19 Relief - - - FEMA/Derecho 2020 Relief - - - American Rescue Plan - - - Library Grants/Donations 444,814 (127,548) 317,266 -28.7% Utility Assistance 15,500 - 15,500 0.0% Miscellaneous Donations - - - Developer Projects 2,000 - 2,000 Economic Development 28,032 - 28,032 0.0% Tax Increment Financing (TIF) 418,000 - 418,000 0.0% Total Special Revenue Funds 32,335,539 (135,397) 32,200,142 -0.4% Capital Project Funds: Special Assessments 227,104 - 227,104 0.0% Street Construction 13,331,958 - 13,331,958 0.0% Park Development 306,000 - 306,000 0.0% Winakor Donation 48,000 - 48,000 0.0% Indoor Aquatic Center Donations 3,451,962 - 3,451,962 0.0% Council Priorities 4,476,800 - 4,476,800 0.0% General Obligation Bonds 19,748,000 - 19,748,000 0.0% Total Capital Project Funds 41,589,824 - 41,589,824 0.0% 4 2 Revenue Summary by Fund, continued Percentage 2024/25 2024/25 2024/25 Change from Adjusted Final Changes Final Amended Adjusted Permanent Funds: Cemetery Perpetual Care 25,570 - 25,570 0.0% Furman Aquatic Center Trust 27,000 - 27,000 0.0% Total Permanent Funds 52,570 - 52,570 0.0% Enterprise Funds: Airport Operations 318,988 - 318,988 0.0% Airport Improvements 4,258,824 - 4,258,824 0.0% Airport Sigler Reserve 75,000 - 75,000 0.0% Water Utility 20,850,915 - 20,850,915 0.0% Water Construction 5,342,620 - 5,342,620 0.0% Water Sinking 4,483,873 - 4,483,873 0.0% Sewer Utility 12,875,281 - 12,875,281 0.0% Sewer Improvements 41,564,009 - 41,564,009 0.0% Sewer Sinking 1,419,542 132,916 1,552,458 9.4% Electric Utility 72,043,597 - 72,043,597 0.0% Electric Sinking 966,202 - 966,202 0.0% Electric SunSmart 152,000 - 152,000 0.0% Electric Sustainability Reserve 70,000 - 70,000 0.0% Parking Operations 947,500 - 947,500 0.0% Parking Capital Reserve 25,000 - 25,000 0.0% Transit Operations 15,434,260 - 15,434,260 0.0% Transit Student Govt Trust 459,145 - 459,145 0.0% Transit Capital Reserve 11,089,100 - 11,089,100 0.0% Stormwater Utility 2,203,500 98,000 2,301,500 4.5% Stormwater Improvements 1,300,000 - 1,300,000 0.0% Ames/ISU Ice Arena 657,618 - 657,618 0.0% Ice Arena Capital Reserve 84,000 - 84,000 0.0% Homewood Golf Course 563,376 - 563,376 0.0% Resource Recovery 5,504,328 - 5,504,328 0.0% Total Enterprise Funds: 202,688,678 230,916 202,919,594 0.1% Debt Service Fund 14,079,603 761 14,080,364 0.0% 5 3 Revenue Summary by Fund, continued Percentage 2024/25 2024/25 2024/25 Change from Adjusted Final Changes Final Amended Adjusted Internal Service Funds: Fleet Services 2,774,432 - 2,774,432 0.0% Fleet Replacement Reserve 2,316,147 167,204 2,483,351 7.2% Fleet Services Reserve 340,000 - 340,000 0.0% Information Technology 2,278,585 - 2,278,585 0.0% Technology Replacement Reserve 344,913 - 344,913 0.0% Shared Communications 388,568 - 388,568 0.0% Information Technology Reserve 163,000 - 163,000 0.0% Risk Management 3,349,931 - 3,349,931 0.0% Health Insurance 12,217,654 - 12,217,654 0.0% Total Internal Service Funds 24,173,230 167,204 24,340,434 0.7% Total Revenues 360,748,463 281,384 361,029,847 0.1% 6 4 Expenditure Summary by Fund Percentage 2024/25 2024/25 2024/25 Change from Adjusted Final Changes Final Amended Adjusted General Fund 51,887,636 (24,683) 51,862,953 -0.1% Special Revenue Funds: Local Option Sales Tax 17,882,015 - 17,882,015 0.0% Hotel/Motel Tax 2,736,851 - 2,736,851 0.0% Road Use Tax 14,752,776 (7,769) 14,745,007 -0.1% Police Forfeiture 26,000 17,716 43,716 68.1% Public Safety Donations/Grants 285,834 - 285,834 0.0% Animal Shelter Donations 70,500 44,500 115,000 63.1% City-Wide Housing Programs 28,805 - 28,805 0.0% CDBG Program 1,950,954 - 1,950,954 0.0% HOME Program 2,939,498 - 2,939,498 0.0% HOME American Rescue Plan 630,983 - 630,983 0.0% Employee Benefit Property Tax - - - Police/Fire Retirement 17,893 - 17,893 0.0% Parks & Rec Grants/Donations 579,627 (118,175) 461,452 -20.4% Parks & Rec Scholarships - - - FEMA/COVID-19 Relief - - - FEMA/Derecho 2020 Relief - - - American Rescue Plan 3,402,557 - 3,402,557 0.0% Library Grants/Donations 435,865 13,181 449,046 3.0% Utility Assistance 15,500 - 15,500 0.0% Miscellaneous Donations 13,976 - 13,976 0.0% Developer Projects - - - Economic Development 28,032 - 28,032 0.0% Tax Increment Financing (TIF) 707,050 - 707,050 0.0% Total Special Revenue Funds: 46,504,716 (50,547) 46,454,169 -0.1% Capital Project Funds: Special Assessments 45,450 - 45,450 0.0% Street Construction 11,272,088 - 11,272,088 0.0% Park Development 135,909 - 135,909 0.0% Winakor Donation - - - Indoor Aquatic Center Donations 3,413,085 - 3,413,085 0.0% Council Priorities 2,437,081 - 2,437,081 0.0% General Obligation Bonds 35,472,059 59,600 35,531,659 0.2% Total Capital Project Funds: 52,775,672 59,600 52,835,272 0.1% 7 5 Expenditure Summary by Fund, continued Percentage 2024/25 2024/25 2024/25 Change from Adjusted Final Changes Final Amended Adjusted Permanent Funds: Cemetery Perpetual Care - - - Furman Aquatic Center Trust 16,000 10,000 26,000 62.5% Total Permanent Funds: 16,000 10,000 26,000 62.5% Enterprise Funds: Airport Operations 318,988 - 318,988 0.0% Airport Improvements 4,714,305 - 4,714,305 0.0% Airport Sigler Reserve 65,956 - 65,956 0.0% Water Utility 21,327,854 (28,530) 21,299,324 -0.1% Water Construction 5,631,508 - 5,631,508 0.0% Water Sinking 4,469,543 - 4,469,543 0.0% Sewer Utility 12,731,053 158,671 12,889,724 1.3% Sewer Improvements 36,310,772 - 36,310,772 0.0% Sewer Sinking 1,418,720 145,000 1,563,720 10.2% Electric Utility 87,436,509 46,461 87,482,970 0.1% Electric Sinking 966,213 - 966,213 0.0% Electric SunSmart 185,587 - 185,587 0.0% Electric Sustainability Reserve - - - Parking Operations 953,377 (6,247) 947,130 -0.7% Parking Capital Reserve - - - Transit Operations 17,793,368 - 17,793,368 0.0% Transit Student Govt Trust - - - Transit Capital Reserve 13,024,504 - 13,024,504 0.0% Stormwater Utility 7,516,456 (776) 7,515,680 0.0% Stormwater Improvements 1,300,000 - 1,300,000 0.0% Ames/ISU Ice Arena 577,778 25,668 603,446 4.4% Ice Arena Capital Reserve 155,768 - 155,768 0.0% Homewood Golf Course 459,404 9,051 468,455 2.0% Resource Recovery 5,817,938 145,311 5,963,249 2.5% Total Enterprise Funds: 223,175,601 494,609 223,670,210 0.2% Debt Service Fund 13,421,870 - 13,421,870 0.0% 8 6 Expenditure Summary by Fund, continued Percentage 2024/25 2024/25 2024/25 Change from Adjusted Final Changes Final Amended Adjusted Internal Service Funds: Fleet Services 2,734,432 - 2,734,432 0.0% Fleet Replacement 2,847,534 363,516 3,211,050 12.8% Fleet Services Reserve 160,000 - 160,000 0.0% Information Technology 2,278,585 10,529 2,289,114 0.5% Information Technology Replacement 388,279 - 388,279 0.0% Shared Communications 388,568 - 388,568 0.0% Information Technology Reserve 109,675 204,234 313,909 186.2% Risk Insurance 3,258,643 400,000 3,658,643 12.3% Health Insurance 12,644,560 - 12,644,560 0.0% Total Internal Service Funds: 24,810,276 978,279 25,788,555 3.9% Total Expenditures 412,591,771 1,467,258 414,059,029 0.4% 9 7 Final Amendment Fund Changes General Fund In the Public Safety Program, additional funding of $42,600 is included for the Fire Station 2 relocation study. Fire salary savings and other project savings will cover $40,928 of that amount. Salary savings of $58,913 in Law Enforcement will be used to cover increased payroll and other operating costs at the Ames Animal Shelter. Parks and Recreation is adding $16,431 in additional expenses for contractual administrative support ($14,775) and additional temporary salaries for 60 Forward programs ($1,656). These increases were more than offset by $36,027 in salary savings due to the retirement of a long-time employee. Program revenue is also being increased by $17,900, largely because of higher than anticipated participation in 60 Forward programming. In addition, $64,500 in General Fund funding for the Soccer Mini Pitch capital project has been shifted to the Parks and Recreation Donations Fund because of the donations received for the project. The $64,500 available funding will be shifted instead to the Park Maintenance Building project. Funding of $65,600 has been added to the Library’s budget for unexpected repairs to the HVAC system. The Library was able to offset $8,513 of the expense from savings in other areas of their operating budget. The remaining $57,087 will be covered by the unallocated balance in City Council Contingency funds. In Finance/Accounting, $19,359 in salary savings is projected due to an open position. A portion of these savings ($9,600) will be used to purchase new chairs and supplies for multiple team members in Accounting. In Human Resources, $3,000 has been added for training for a new team member. The overall effect of these changes is an increase of $17,900 in projected revenue and an overall expense decrease of $24,683. The projected change to the General Fund balance is an increase of $42,583. Local Option Sales Tax Fund In Parks and Recreation CIP projects, savings of $9,449 from the Community Center Gymnasium Floor Refinishing project were transferred to the North River Valley Concession/Restroom project to offset additional costs. Savings of $3,880 were also transferred from the Bandshell Park Play Equipment project to cover a late expense in the Christopher Gartner Park Play Equipment project. The shifting of funding between projects will not affect the projected fund balance. 10 8 Road Use Tax Fund The net effect of the payouts and salary savings resulting from the retirement of the Public Works Director was a reduction in expenses of $13,269 spread across multiple Public Works programs. Funding of $5,500 was also added to the Right-of-Way Maintenance budget to cover the cost of additional fleet funding needed to purchase a skid loader. The overall effect of final amendments on the projected Road Use Tax fund balance is an increase of $7,769. Police Forfeiture Fund Funding of $17,716 has been added from available federal forfeiture funds to purchase additional drones. This will lower the anticipated fund balance by $17,716. Animal Shelter Donations Fund Funding of $44,500 has been added for increased costs at the Animal Shelter for veterinary services, chemicals and cleaning supplies, and food. Animal Shelter donations revenue is also being increased by $44,500 to reflect the higher amount of donations being received. As a result, no change is projected for the Animal Shelter Donations Fund balance for FY 2024/25. Parks and Recreation Donations and Grants In Parks and Recreation grant funding, the City was notified that a federal forestry grant included in the budget would not be received. Grant funding of $182,675 was removed from both revenues and expenses to reflect the loss of the grant. Donation revenue has been increased in the Parks and Recreation Donations and Grants Fund by $130,326. The increase includes $64,500 in donations received for the Soccer Mini Pitch CIP project, $53,000 in donations received from the Ames Foundation for the Miracle Park, and $12,826 in other miscellaneous donations. Expenses of $64,500 for the Soccer Mini Pitch CIP project have also been added to the fund, resulting in an overall projected increase of $65,826 to the fund balance 11 9 Library Friends Foundation Fund Expenses in the Library Friends Foundation Fund have been increased by $13,181 for design services for the Library Carpet CIP project ($6,400) and miscellaneous operating expenses ($6,781). Because of the large balance currently held in the fund, revenues have also been decreased by $127,548, resulting in a $140,729 reduction in the fund balance. City Council Priorities Capital Fund In the City Council Priorities Capital Fund, $70,000 was transferred from City Council Sustainability funding to the Community Climate Grants Program ($66,500) and to the Youth Mini- Grants Program ($3,500). G.O. Bond Funds Funding of $59,600 has been added in G.O. Bond funding for the early start of several 2025/26 Street Improvement CIP projects. These funding additions will be offset in the FY 2025/26 budget. Furman Aquatic Center Trust Fund Funding of $10,000 has been added to purchase new shade canopies for the Furman Aquatic Center. This addition will lower the projected fund balance by $10,000. Water Utility Fund Operating expenses in the Water Utility have been increased by $20,709. The largest expense change was $50,000 added to the Water & Pollution Control Administration budget for new electric vehicle charging stations. Since 50% of Water & Pollution Control Administration expenses is allocated to the Sewer Utility Fund, $25,000 of the cost of the charging stations will be allocated to the Sewer Utility. Additional savings of $4,291 in multiple program areas also partially offset the operating expense increase. In Water Production and Treatment CIP, $115,000 in funding from the Distributed Antenna System CIP project was transferred to the Split Treatment Modifications CIP project. An additional $50,000 in funding was transferred from the Distributed Antenna System project to cover the cost of the new electric vehicle charging stations added to the operating budget. The transfer from the Water Utility Fund to the Debt Service Fund has also been increased by $761 to match the updated debt service schedule The net effect of final amendments on the Water Utility Fund is a projected increase of $28,530 in the fund balance. 12 10 Sewer Utility Fund Operating expenses have been increased in the Sewer Utility Fund by $26,672. The largest component of the increase is Sewer’s $25,000 share of the electric charging stations in the Water and Pollution Control Administration budget. In Sewer CIP expenses, $228,073 in funding was transferred from the Sanitary Sewer System Improvements program to cover funding shortfalls in the Ames 2040/US 69 South Sanitary Sewer Extension project ($200,000) and the Prairie View Sanitary Sewer Extension project ($28,073). Funding of $917 was also dropped in the W&PC Residuals Handling project due to the completion of the project. The transfer from the Sewer Utility Fund to the Sewer Sinking Fund has also been increased by $132,916 due to updated debt service schedules associated with several CIP projects funded with SRF debt. The net effect of the changes on the Sewer Utility fund is a projected $158,671 decrease in the fund balance. Sewer Sinking Fund Debt service payments in the Sewer Sinking Fund have been increased by $145,000 due to increased principal and interest amounts related to the SRF funding used to finance several WPC and Sanitary Sewer System CIP projects. An additional transfer of $132,916 from the Sewer Utility Fund is also being budgeted, resulting in a projected $12,084 decrease in the fund balance. Electric Utility Fund Operating expenses have been increased by $81,192 in the Electric Distribution budget and $46,461 in the Electric Technical Services budget for additional funding needed to upgrade Fleet equipment used by the divisions. The additional Fleet expenses were partially offset by salary savings in Electric Administration ($39,192), Electric Distribution ($22,000), and Electric Engineering ($20,000). The overall change in Electric operating expenses is an $46,461 increase. In Electric CIP, $95,000 in funding was transferred from the EV Infrastructure project to the Advanced Metering Infrastructure project. Funding of $1,050,000 was also transferred to the New Thermal Generation project from the Power Plant Siding/Windows project ($500,000), the Unit 7 Condenser Tubes project ($400,000), and the Unit 7 Minor Overhaul project ($150,000). The remaining balance in the RDF Bin Renovation project ($55,239) was also transferred to the Ash Pond Renovation project. Overall CIP expenses were unchanged. Final amendments will decrease Electric’s projected ending fund balance for FY 2024/25 by $46,461. 13 11 Parking Operations Fund Operating expenses have been decreased by $6,247 due to salary savings resulting from the Public Works Director retirement. Stormwater Utility Fund Operating expenses have been decreased by $776 due to salary savings resulting from the Public Works Director retirement. Overall CIP expenses remain unchanged but include a $100,000 transfer from the Stormwater Quality program to the Stormwater Improvements Program for stormwater improvements associated with the 24th/Stange street improvement project. Revenues in the Stormwater Utility Fund have been increased by $98,000 to reflect a donation received in support of the Ioway Creek Erosion Control project. The overall effect of the revenue and expense changes is a $98,776 projected increase to the FY 2024/25 fund balance. Ice Arena Operations Fund Ice Arena expenses have been increased by $25,668 for additional salaries/benefits, credit card bank charges, equipment repairs, structural materials, and cleaning supplies. The net effect on the Ice Arena Fund is a projected $25,668 decrease in the fund balance in FY 2024/25. Homewood Golf Course Fund Operating expenses have been increased by $9,051 to cover additional fleet funds needed to replace a fairway mower, resulting in a projected $9,051 decrease to the fund balance. Resource Recovery Fund Operating expenses have been increased by $70,311 due to increased costs for electric service ($30,000), contractual employees ($31,500), Boone County Landfill fees ($39,440), hauling services to the landfill ($19,103) and the recycling program ($13,000). These cost increases were partially offset by projected salary savings of $62,732. Funding of $75,000 has also been included for preliminary costs associated with the new Resource Recovery and Recycling Campus. The overall effect on the Resource Recovery Fund is a projected decrease in the fund balance of $145,311. 14 12 Debt Service Fund The transfer to the Debt Service Fund from the Water Utility fund has been increased by $761 to match the updated debt service schedule. Fleet Services Replacement Fund Fleet Services Replacement Fund expenses have been increased by $363,516 to cover the cost of additional vehicle and equipment purchases or the increased cost of budgeted purchases. Fleet Services will receive $167,204 in transfers from departments to cover shortfalls in accumulated replacement funds, resulting in an overall $196,312 decrease to the projected fund balance. Information Technology Fund Operating expenses have been increased by $10,529 due to additional internet and software costs, resulting in a projected $10,529 decrease in the fund balance. Technology Replacement Reserve Fund Accumulated funding of $204,234 in the Technology Replacement Reserve Fund will be used for the purchase of a new phone system. This purchase will result in a $204,234 reduction in the projected fund balance for FY 2024/25. Risk Management Fund Risk Management expenses have been increased by $400,000 to cover a higher level of workers comp claims. This will reduce the anticipated 2024/25 fund balance in the Risk Management Fund by $400,000. 15 REVENUES & OTHER FINANCING SOURCES Total Budget as Certified or Last Amended Current Amendment Total Budget After Current Amendment Taxes Levied on Property 1 35,963,162 0 35,963,162 Less: Uncollected Delinquent Taxes - Levy Year 2 0 0 0 Net Current Property Tax 3 35,963,162 0 35,963,162 Delinquent Property Tax Revenue 4 0 0 0 TIF Revenues 5 375,000 0 375,000 Other City Taxes 6 15,285,591 0 15,285,591 Licenses & Permits 7 1,562,801 0 1,562,801 Use of Money & Property 8 27,529,892 0 27,529,892 Intergovernmental 9 60,035,273 -182,675 59,852,598 Charges for Service 10 350,229,514 17,900 350,247,414 Special Assessments 11 227,104 0 227,104 Miscellaneous 12 12,699,838 145,278 12,845,116 Other Financing Sources 13 65,425,706 0 65,425,706 Transfers In 14 21,860,258 761 21,861,019 Total Revenues & Other Sources 15 591,194,139 -18,736 591,175,403 EXPENDITURES & OTHER FINANCING USES Public Safety 16 23,308,282 22,813 23,331,095 Public Works 17 8,997,585 -7,769 8,989,816 Health and Social Services 18 1,983,628 0 1,983,628 Culture and Recreation 19 11,428,944 -128,403 11,300,541 Community and Economic Development 20 9,356,964 0 9,356,964 General Government 21 4,448,721 -44,720 4,404,001 Debt Service 22 13,424,288 0 13,424,288 Capital Projects 23 73,110,290 152,449 73,262,739 Total Government Activities Expenditures 24 146,058,702 -5,630 146,053,072 Business Type/Enterprise 25 444,805,593 360,932 445,166,525 Total Gov Activities & Business Expenditures 26 590,864,295 355,302 591,219,597 Transfers Out 27 21,860,258 761 21,861,019 Total Expenditures/Transfers Out 28 612,724,553 356,063 613,080,616 Excess Revenues & Other Sources Over (Under) Expenditures/Transfers Out 29 -21,530,414 -374,799 -21,905,213 Beginning Fund Balance July 1, 2024 30 997,007,631 0 997,007,631 Ending Fund Balance June 30, 2025 31 975,477,217 -374,799 975,102,418 Explanation of Changes: The final amendments to the FY 2024/25 budget reflect changes in grant and donation revenues, as well as the changes in capital project expenses related to that funding. Funding is also included for the early start of several FY 2025/26 capital projects, as well as small operational changes. NOTICE OF PUBLIC HEARING - AMENDMENT OF CURRENT BUDGET City of AMES Fiscal Year July 1, 2024 - June 30, 2025 The City of AMES will conduct a public hearing for the purpose of amending the current budget for fiscal year ending June 30, 2025 Meeting Date/Time: 5/27/2025 06:00 PM Contact: Nancy Masteller Phone: (515) 239-5113 Meeting Location: City of Ames Council Chambers, 515 Clark Avenue, Ames, IA 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. 05/07/2025 07:59 AM Page 1 of 1 13 16