Post on 12-Apr-2017
Budget 2016City Council
December 1, 2015
Presentation Outline• Budget process review• General fund overview• Property taxes• Internal charges and transfers• Property tax and debt service levies
Budget Process Review• September 22, 2015
Present 2016 preliminary tax supported budgets Present 2016 preliminary tax levy (maximum amount)
• September – November, 2015 Review general fund budget detail Review enterprise fund budget detail
• December 1, 2015– Public input meeting
Budget Calendar• December 1, 2015
Present 2016 tax supported budgets Present 2016 tax levy
• December 2015 Certify final property tax levy to Scott County and
Department of Revenue
General Fund Revenues
Taxes Intergovernmental Charges and fees Other2014 Actual $16,049,583 $1,191,127 $6,220,303 $333,1752015 Budget $16,174,500 $1,028,393 $5,650,000 $252,0002016 Preliminary $17,162,400 $1,108,500 $5,731,875 $225,248
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
$18,000,000
$20,000,000
General Fund Revenues
Taxes , 71%
Intergovernmental, 4%
Charges and fees, 24%
Other, 1%
2016 Preliminary
General Fund Expenditures
Generalgovernment
Publicsafety
Publicworks
Parks andrecreation Unallocated Capital
outlayTransfers
out2014 Actual $3,409,259 $10,139,833 $2,829,846 $3,977,600 $105,239 $44,972 $2,722,6972015 Budget $4,253,325 $9,855,744 $3,238,343 $4,258,755 $259,500 $1,500 $1,900,0002016 Preliminary $4,467,551 $10,374,766 $3,393,889 $4,370,867 $218,450 $1,500 $2,100,000
$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
General Fund ExpendituresGeneral
government18%
Publ ic safety42%Publ ic works
14%
Parks and recreation
17%
Unallocated1%
Capital outlay
0%
Transfers out8%
Increases/Decreases include: • Building rent and equipment rent increase to reflect department costs, use and
life of equipment • Health insurance rate decrease • Dental insurance reflects minimal increase • Increase in transfer to Capital Improvement Fund • 2 new staff positions
General Fund2016 BUDGET - GENERAL FUNDSCHEDULE OF EXPENDITURES
2015 2016 2015 to 2016 2015 to 2016Proposed Increase Increase
Budget Budget (Decrease) (Decrease)
TOTAL EXPENDITURES AND TRANSFERS 23,767,167$ 24,927,023$ 1,159,856$ 5%
Internal Charges
• 3% increase in building rents• 3% increase in fleet charges• IT charges per user remain flat
Transfers• EDA – improvement program $200,000• EDA – position and operations $200,000• EDA – downtown/101 corridor $500,000• Capital improvement fund $1,200,000
Tax Capacity and Estimated Taxable Market Value
Proposed Property Tax Levy
2015 Levied2016
RequestedIncrease / Decrease
Base LevyGeneral fund 16,138,000$ 16,825,900$ 687,900$ 4.26 %
Debt Service2004B 200,000 238,027 38,027$ 19.01 2006A 343,215 315,390 (27,825) (8.11) 2007B 92,052 94,991 2,939 3.19 2010A - 88,500 88,500 100.00 2012A - 47,386 47,386 100.00 Total Property Taxes 16,773,267$ 17,610,194$ 836,927$ 4.99 %
Note: Final property tax levy is less than originally proposed
% Change
City Tax Rate for past 5 yearsYear Rate2011 .347312012 .366552013 .419662014 .414372015 .37862
Est 2016 .38039* Average tax rate from 2011 – 2015 was .38530
Property Tax Impact
Number of Homes
2015 Taxable Market Value
2016 Taxable Market Value
2015 Actual
2016 Estimated
$ Increase (decrease)
574 202,887 238,906 779.97 924.15 144.18 195 202,887 232,903 779.97 900.98 121.01
4770 202,887 220,897 779.97 854.64 74.67 3058 202,887 208,890 779.97 808.3 28.33 1991 202,887 202,887 779.97 785.13 5.16 1110 202,887 196,884 779.97 761.96 (18.01)
105 202,887 184,877 779.97 715.62 (64.35) 45 202,887 172,871 779.97 669.28 (110.69) 21 202,887 166,868 779.97 646.11 (133.86)
Property Tax Relief Programs
• State has various programs to provide property tax relief to taxpayers
• Homestead credit refund• Renter’s refund• Special property tax refund (referred to as the
targeting program)• Senior Citizen Property Tax
Questions