Why Compare with 2005 Budget?

Since 2005 the City Budget has dramatically increased anticipating rapid population growth. But there has been only 8% population growth with few new building permits. This means existing homeowners are shouldering more and more burden in property tax (assessments have increased substantially) and fees, as can be seen here.

Data Source Iowa Department of Management February 2015























What Does "Transfers Out" Mean In The Budget?

Data Source: FY2015 City Budget as filed with the State of Iowa Department of Management.

Operating transfers occur when monies are transferred between funds to balance a budget. The authority for operating transfers may be constitutional, statutory or the Budget Act. Examples: ›

    ›
  1. Transfers from the General Fund to a Special Revenue or Capital Projects Fund
  2. ›
  3. Operating subsidy transfers from the General or Special Revenue Funds to an Enterprise Fund
  4. ›
  5. Transfers from an Enterprise Fund to finance General Fund expenditures.
Transfers out represent a significant insight into Operations.
Mount Vernon, Iowa


Actual FY
2005
Budget FY
2015
Expenditures & Other Financing Uses

Public Safety 518,300 946,601   Up 83% since 2005
Public Works 363,862 502,873
Health and Social Services (Sustainability) 0 0 Click to see comment
Culture and Recreation 310,357 489,283
Community and Economic Development 21,715 138,900
General Government 265,671 566,069   Up 113% since 2005
Debt Service 518,900 1,129,281   Up 118% since 2005
Capital Projects 316,288 2,475,797
Total Government Activities Expenditures 2,315,093 6,248,804   Up 170% since 2005
Business Type / Enterprises 1,092,992 1,635,716
Total ALL Expenditures 3,408,085 7,884,520   Up 131% since 2005
Transfers Out 1,843,773 1,775,518
Total ALL Expenditures/Transfers Out 5,251,858 9,660,038
Surplus/Deficit 310,853 -218,749   Deficit Spending
Beginning Fund Balance July 1 3,020,210 3,217,289
Ending Fund Balance 3,331,063 2,998,540   down 10% since 2005