News Flash Home
The original item was published from 11/3/2023 10:11:24 AM to 11/22/2023 12:00:02 AM.

News Flash

Public Notices

Posted on: November 8, 2023

[ARCHIVED] CITY OF PAPILLION NOTICE OF PUBLIC HEARING

Notice is hereby given that the Papillion City Council will hold a public hearing on the 21st day of November at 7:00 PM at City Hall, 122 East Third St, Papillion. The purpose of the hearing is to consider a $44,314,134 net increase to the current expenditures and a $91,085,744 increase to total resources available to the City’s 2023/2024 budget. The 2022/2023 column has been updated on the State form to actual amounts increasing the 2023/2024 beginning cash by $76,441,323. The amendment increases the necessary ending cash reserve by $46,771,610, which is primarily a result of the reconciliation of actual cash on September 30, 2023. The amendment is to adjust for unforeseen expenses related to carryover projects which were not finalized and fully paid for during the final month of the 2022/2023 fiscal year. The amendment has changed the unused restricted funds authority to $14,049,565.96 as a result of changes to capital improvement exceptions. A detailed listing of the specific amendments for this action shall be kept continually current and available with Nancy Hypse, Director of Finance, for public inspection upon request.

Current Adopted Budget, Adopted September 20, 2023
2021-2022 Actual Disbursements & Transfers                                         $        78,322,362.00
2022-2023 Actual/Estimated Disbursements & Transfers                      $       123,625,836.00
2023-2024 Proposed Budget of Disbursements & Transfers                   $        113,151,015.00
2023-2024 Necessary Cash Reserve                                                          $        131,763,315.00
2023-2024 Total Resources Available                                                      $       244,914,330.00
Total 2023-2024 Personal & Real Property Tax Requirement               $          15,271,586.14
Unused Budget Authority Created for Next Year                                 $        14,049,836.96

Breakdown of Property Tax:
Personal and Real Property Tax Required for Non-Bond Purposes    $         11,472,328.00
Personal and Real Property Tax Required for Bonds                           $          3,951,974.00

Facebook Twitter Email

Other News in Public Notices