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 Maximum Property Tax Resolution | View All Maximum Property Tax Resolutions

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

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.

Current and previous year TIF reports for Sioux Center are available in the City section on the Iowa Department of Management website.

2022-23 Property Tax Rate Comparison

CityPopulation2022 - 23 Tax Levy
Hospers71815.76205
Hawarden2,70014.89102
Orange City6,26714.46431
Alton1,24813.8716
Granville31013.32005
Rock Valley4,05913.50859
Hull2,38412.31458
Maurice26511.50488
Boyden70111.72279
Ireton59010.55228
Matlock7411.3323
Sioux Center8,22911.13499
Chatsworth758.10000


City's Historic Property Tax Levy

Fiscal YearLevy Rate
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
2022 to 202311.13499

Outstanding Debt - Both General Obligation & Revenue Bonds

Fiscal YearDebt
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
2021 to 202243,926,001

Legal Debt Margin Percent

The City's total outstanding general obligation debt can't exceed 5% of total assessed property value. The table below shows the percentage of that 5% amount being used. For example:

City debt limit for Fiscal 2022 = $33,585,503

Total General Obligation Bonds = $22,635,001

$22,635,001 /$33,585,503  = 67.40%

Fiscal YearDebt Margin

2012 to 201342.95%
2013 to 201434.85%
2014 to 201525.78%
2015 to 201621.13%
2016 to 201713.72%
2017 to 201865.24%
2018 to 201966.18%
2019 to 202072.72%
2020 to 202161.50%
2021 to 202267.40%

Fiscal 2021 to 2022 Liquid Assets

AssetAmount
Cash and Pooled Investments21,000,035
Land Held for Resale
(Investment Land)
12,602,045
Total Liquid Assets
33,602,080