NOTICE OF PUBLIC HEARING
		BUDGET ESTIMATE
		FISCAL YEAR BEGINNING JULY 1, 2006 - ENDING JUNE 30, 2007
	City of	Marengo			, Iowa
	The City Council will conduct a public hearing on the proposed Budget at				City Hall Council Chambers
	on	3/13/06	at	6:00 p.m.		.
		(Date) xx/xx/xx		(hour)
	The Budget Estimate Summary of proposed receipts and expenditures is shown below.
	Copies of the the detailed proposed Budget may be obtained or viewed at the offices of the Mayor,
	City Clerk, and at the Library.
	The estimated Total tax levy rate per $1000 valuation on regular property  . . . . . . . . . . $					13.75656
	The estimated tax levy rate per $1000 valuation on Agricultural land is    . .  . . . . . . . . . $					3.00074
	At the public hearing, any resident or taxpayer may present objections to, or arguments in favor of, any part
	of the proposed budget.
	319-642-3232			Carl B. Schumacher, City Administrator/Clerk
	phone number			City Clerk/Finance Officer's NAME
				Budget FY	Re-estimated FY	Actual FY
				2007	2006	2005
				(a)	(b)	(c)
	Revenues & Other Financing Sources
	Taxes Levied on Property		1	682,921	356,348	680,412
	Less: Uncollected Property Taxes-Levy Year		2	0	0	0
	Net Current Property Taxes		3	682,921	356,348	680,412
	Delinquent Property Taxes		4	0	0	0
	TIF Revenues		5	0	159,000	151,178
	Other City Taxes		6	282,168	283,701	285,873
	Licenses & Permits		7	5,400	5,200	5,438
	Use of Money and Property		8	4,300	3,175	9,940
	Intergovernmental		9	256,100	256,300	406,467
	Charges for Fees & Service		10	638,100	615,200	548,117
	Special Assessments		11	0	0	0
	Miscellaneous		12	37,300	107,000	157,037
	Other Financing Sources		13	309,600	1,035,600	2,618,871
	Total Revenues and Other Sources		14	2,215,889	2,821,524	4,863,333
	Expenditures & Other Financing Uses
	Public Safety		15	316,200	301,550	264,494
	Public Works		16	258,800	322,600	254,373
	Health and Social Services		17	61,000	84,500	104,542
	Culture and Recreation		18	272,350	238,800	273,554
	Community and Economic Development		19	0	0	0
	General Government		20	186,700	162,050	167,999
	Debt Service		21	341,350	243,500	858,835
	Capital Projects		22	66,000	1,031,700	655,447
	Total Government Activities Expenditures		23	1,502,400	2,384,700	2,579,244
	Business Type / Enterprises		24	475,800	454,525	509,778
	Total ALL Expenditures		25	1,978,200	2,839,225	3,089,022
	Transfers Out		26	306,600	551,700	1,022,346
	Total ALL Expenditures/Transfers Out		27	2,284,800	3,390,925	4,111,368
	Excess Revenues & Other Sources Over
	(Under) Expenditures/Transfers Out		28	-68,911	-569,401	751,965
	Continuing Appropriation		29	0	0
	Beginning Fund Balance July 1		30	1,329,418	1,898,819	1,146,854
	Ending Fund Balance June 30		31	1,260,507	1,329,418	1,898,819