FY2022

Disaster Assistance This activity accounts for Federal Emergency Management Agency (FEMA) reimbursements for repairs to public facilities damaged in floods and natural disasters. Revenue includes State of Iowa matching funds. In addition to public facility repairs, reimbursements are also provided for some flood and disaster recovery services. Emergency Reserve This reserve fund was created in the General Fund in fiscal year 2014 to hold excess fund reserves for the following purposes: to provide natural or other disaster response or mitigation funding/interim loans, to mitigate fluctuations or sudden elimination of State of Iowa property tax backfill or other State operating assistance, to mitigate pension, insurance, or health care funding anomalies, emergencies, or spikes, to avoid any defaults from the payment of long term or bonded debts, to assist in the rehabilitation or replacement of fully depreciated or outdated municipal buildings and facilities, to avoid the issuance of long-term debt, or for any other financial emergencies declared by the City Council.

HIGHLIGHTS

Recent Accomplishments: • Implemented Clearwater investment software • Conducted an ITS risk assessment through the U.S. Depart. of Homeland Security • Created capital replacement reserves in the major enterprise funds • Implemented additional paperless processes • Eliminated utility bill carding fee for racial and social equity • Re-organized management staff of the Finance Department

Upcoming Challenges:

• Navigate City through financial challenges from COVID-19 pandemic • Submit and manage FEMA and CARES Act grant requests from COVID-19 pandemic and derecho storm • Evaluate and implement digital budget book software • Issue city-wide scanning contract moving paper files to Laserfiche

Staffing:

FY2020

FY2021

FY2022

Total FTE’s

2.90

2.90

3.00

167