Budgets & Reports

Comprehensive Annual Financial Reports


Comprehensive annual financial reports (CAFRs) are available from the Finance Department following approval.
Most Recent CAFR | View All


Annual Budgets


Budgets prepared by the Finance Department include:

City Council Report


The Finance Department also prepares an annual staff report that is submitted to the City Council. View the Finance Department Staff Report for the most recent fiscal year.

City Debt


A report of the City of Sioux Center's current outstanding obligations include bonds, notes, capital leases and loans is available through the state treasurer's website under Current Reports - Outstanding Obligation Report by Counties.


This is additional information about how the city is performing financially. The information in the charts below are also found in the City of Sioux Center Financial Report for the most recent fiscal year.

2016-17 Property Tax Rate Comparison

City's Historic Property Tax Levy

http://www.dom.state.ia.us/local/city/index/html

City

Population
Levy Rate for 
FY 2017-18
Orange City 6,004 14.79157
Hawarden 2,546 14.50063
Alton 1,216 13.98504
Rock Valley 3,354 13.48099
Hospers 698 12.25824
Hull 2,175 12.71257
Boyden 707 12.40371
Ireton 609 12.10467
Sioux Center 7,048 11.80000
Maurice 275 11.47046
Matlock 87 11.58013
Granville 312 10.02990
Chatsworth 79 8.10000
 
Fiscal Year

Levy Rate
2005-06 13.45379
2006-07 13.77055
2007-08 13.97244
2008-09 14.24980
2009-10 14.38906
2010-11 14.38906
2011-12 13.77542
2012-13 13.14801
2013-14 12.62062
2014-15 12.39490
2015-16 12.37006
2016-17 11.82600
2017-18 11.80000
Current and previous year TIF reports for Sioux Center are available in the City section on this Iowa Department of Management website.

Outstanding Debt - Both General Obligation and Revenue Bonds


Legal Debt Margin %

2007-08 15,658,999
2008-09 18,721,999
2009-10 16,816,000
2010-11 14,950,000 
2011-12 14,468,000
2012-13 15,227,000
2013-14 12,540,000
2014-15 8,583,000
2015-16 7,238,000
2016-17 5,696,736

Fiscal 2016-17 Liquid Assets

The City's total outstanding general obligation debt can't exceed 5% of total assessed property value. The above figures show the percentage of that 5% amount being used.
2007-08 65.13%
2008-09 80.62%
2009-10 66.82%
2010-11 54.75%
2011-12 51.37%
2012-13 42.95%
2013-14 34.85%
2014-15 25.78%
2015-16 21.13%
2016-17 13.72%
Cash and Pooled Investments 12,799,876
Land Held for Resale
(Investment Land)
9,362,956
 Total Liquid Assets 22,162,8328

Our city debt limit for Fiscal 2017 - $26,005,079

Total General Obligation Bonds - $3,568,000

$3,568,000 / $26,005,079 = 13.72%