ECONOMIC FACTORS AND NEXT YEAR'S BUDGETS AND RATES


During the state legislative session in 2004, the legislature permanently eliminated certain state funding to local governments starting with FY2005 and will continue in all future years. This along with the continuation of the state rollback on residential properties greatly affects the City's general operating fund.


Even with the State reductions, the City Council did establish a balanced budget in the General Fund for Fyj4. The tax levy rate per $1,000 of taxable valuation for FY14 is provided below:


General levy Trust and Agency levy Debt Service levy Transit levy Library levy Liability lnsurance levy Emergency Management levy Municipal Band levy Total levy


REQUESTS FOR INFORMATION


This financial report is designed to provide our citizens, taxpayers, customers and creditors with a general overview of the City's finances and to show the City's accountability for the money it receives. The City's discretely presented component units, Cedar Falls Utilities, have separately issued financial statements. lf you have questions about this report or need additional information, contact the Department of Administrative Services, 220 Clay Street, Cedar Falls, lowa 50613.


$ 8.10 2.76


.56 .21 .27 .10 .00 .02


$ 12.02


30-


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