HomeMy WebLinkAboutA010 - Resolution approving FY 2024/25 Annual Street Financial ReportITEM #:12
DATE:11-25-25
DEPT:FIN
SUBJECT:FY 2024/25 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, 2025.
ALTERNATIVES:
1. Approve the 2025 Street Financial Report for submittal to the IDOT.
2. Do not approve the 2025 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 2025 Street Financial Report for submittal to the IDOT.
ATTACHMENT(S):
AmesSFR2025.pdf
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