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 2016 fiscal year.

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 Fiscal 2015

2016-17 Property Tax Rate Comparison

Cities Historic Property Tax Levy

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

City
Population		 Levy Rate for 
FY 2016-17
Orange City 6,004 14.56156
Hawarden 2,546 14.51715
Alton 1,216 13.98482
Rock Valley 3,354 13.48100
Hospers 698 13.25047
Hull 2,175 13.24554
Boyden 707 12.29525
Ireton 609 12.21564
Sioux Center 7,048 11.82600
Maurice 275 11.59881
Matlock 87 11.57687
Granville 312 8.93012
Chatsworth 79 8.10000
 
Fiscal Year
Levy Rate
2004-05 13.19099
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
$407,417 - Amount of property tax generated in Fiscal 2015 from the Southridge Urban Renewal Area.
Iowa Department of Management website

Outstanding Debt - Both General Obligation and Revenue Bonds


Legal Debt Margin %

2006-07 15,357,001
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

Fiscal 2015-16 Liquid Assets

City's total outstanding general obligation debt can't exceed 5% of total assessed property value.
2006-07 62.58%
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%
Cash and Pooled Investments 13,302,164
Non-operating Properties - Land
(Investment Land)		 6,545,854
 Total Liquid Assets 19,848,018
Our debt limit for Fiscal 2015 - $22,885,123
Total General Obligation Bonds - $5,900,000
$5,900,000 / $22,885,123 = 25.78%