Budgets & Reports

Annual Financial Reports

Comprehensive annual financial reports are available from the Finance Department following approval.

Most Recent Annual Financial Report | View All

Annual Budgets

Budgets prepared by the Finance Department include:

Annual Maximum Property Tax Levy Resolution:
Most Recent Resolution | View All

Annual Maximum Property Tax Levy Hearing Notice:
Most Recent Notice | View All

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 (PDF) 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 (PDF) for the most recent fiscal year.

2020-21 Property Tax Rate Comparison

CityPopulationLevy Rate for
Fiscal Year 2019 to 2020
Hospers69815.39348
Hawarden2,54614.93613
Orange City6,004
14.46094
Alton1,21613.87161
Granville
31213.66874
Rock Valley3,35413.20777
Hull2,17512.49809
Maurice27512.07428
Boyden70711.82931
Ireton60911.67185
Matlock8711.39794
Sioux Center7,04811.16500
Chatsworth
798.09986


City's Historic Property Tax Levy

Fiscal YearLevy Rate
2007 to 200813.97244
2008 to 200914.24980
2009 to 201014.38906
2010 to 201114.38906
2011 to 201213.77542
2012 to 201313.14801
2013 to 201412.62062
2014 to 201512.39490
2015 to 201612.37006
2016 to 201711.82600
2017 to 201811.80000
2018 to 201911.54700
2019 to 202011.33500
2020 to 202111.25600
2021 to 202211.16500

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 & Revenue Bonds

Fiscal YearDebt
2010 to 201114,950,000
2011 to 201214,468,000
2012 to 201315,227,000
2013 to 201412,540,000
2014 to 20158,583,000
2015 to 20167,238,000
2016 to 20175,696,736
2017 to 201814,908,920
2018 to 201923,861,670
2019 to 202036,367,572
2020 to 202141,135,000

Legal Debt Margin Percent

Fiscal Year
Debt Margin
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.
2010 to 2011
54.75%
2011 to 2012
51.37%
2012 to 2013
42.95%
2013 to 2014
34.85%
2014 to 2015
25.78%
2015 to 2016
21.13%
2016 to 2017
13.72%
2017 to 201865.24%
2018 to 201966.18%
2019 to 202072.72%
2020 to 202161.50%

Fiscal 2020 to 2021 Liquid Assets

AssetAmount
Cash and Pooled Investments23,058,196
Land Held for Resale
(Investment Land)		11,776,650
 Total Liquid Assets34,834,846



City debt limit for Fiscal 2021 - $32,720,321

Total General Obligation Bonds - $20,122,050

$20,122,050 /$32,720,321  = 61.50%