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2014 Proposed Budget.  Continued decline in home prices leading to a decrease in the tax capacity over which the tax levy is spread (2.41%)  Continued.

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Presentation on theme: "2014 Proposed Budget.  Continued decline in home prices leading to a decrease in the tax capacity over which the tax levy is spread (2.41%)  Continued."— Presentation transcript:

1 2014 Proposed Budget

2  Continued decline in home prices leading to a decrease in the tax capacity over which the tax levy is spread (2.41%)  Continued lower revenue streams in building and development.  Decreased level of investment interest earnings.  Need to balance expectations associated with resource allocations and service provision levels.  Levy limits for cities mandated by the 2013 legislature. Budget Challenges

3 Revenue Trends – General Fund

4  $500,000 of annual expenditures associated with Federal and State mandates regarding maintenance of storm water system.  NPDES – National Pollutant Discharge Elimination System  SWPPP – Storm Water Pollution Prevention Program *Reduction of City Council Contingency Fund to ½% from 1% (one year only). Budget Challenges

5  Rising costs translating to higher prices charged to the City for operating supplies and services (0% was allocated for line item goods and services)  Increasing personnel costs –pension and health care. A 2% cost of living increase is proposed. Reductions in staff hours and reallocation of IT staff hours.  Aging infrastructure – analysis of the pro forma statements contained in the Financial Management Plan (FMP) to provide adequate funding of future infrastructure needs. Commitment of local government aid allocations to infrastructure. Budget Challenges

6 Capital Projects Fund Reserves

7 History of Tax Levies 2006-2014 Tax levies for the City of Champlin decreased from 2008 to 2012. The increase in 2013 was the result of decertification of the tax increment district providing the ability to increase the levy without increasing taxes for property owners.

8 NMMA 2013Tax Burden Per Capita

9 Tax Levy 2014 Percent 20132014Change Net Tax Capacity15,538,83915,164,186(2.41%) General Levy7,531,450 0% Special Levies: PERA26,179 Facilities Expansion Loan250,000 Bond Principal & Interest515,700514,400 Gross Tax Levy8,323,3298,322,029(0.02%) Less Fiscal Disparity(1,367,003)(1,539,024) Net Tax Levy (Actual Levy)6,956,3266,783,005(2.49%) City Tax Rate for Champlin0.447670.44731(0.08%)

10 General Fund Revenue Base Note: Fluctuations occur in revenue from other sources due to the uncertain nature of certain revenue streams such as building permit revenues, fines, etc. The years 2008-2012 reflect actual numbers and the years 2013- 2014 reflect budgeted amounts. The City historically budgets conservatively for these revenue streams. Note: The City is currently scheduled to receive $237,533 in local government aid in 2014. Due to the volatility of this revenue stream, the revenue will be used for infrastructure replacement rather than to fund operations.

11 Estimated City Tax Burden on an Average Home in Champlin Value of Average Home in Champlin 2009-2013 2009$207,000 2010$190,000 2011$181,000 2012$166,000 2013$162,000 Tax Capacity Value for an Average $162,000 Home 2013/2014 Market Value Market Value Exclusion Taxable Market Value 1% of the First $500,000 $162,000 ($22,660) $139,340 $1,393 1.25% over $500,0000 Tax Capacity Value$1,393 2012/2013 ($166,000)2013/2014 ($162,000)Difference City Tax Rate 44.767% After exclusion $743 $643 City Tax Rate 44.731% After exclusion $725 $623 ($18) ($20)

12 General Fund Revenues 78% of General Fund Revenues are derived from Taxes

13 GENERAL FUND EXPENDITURES BY FUNCTION 2014 BUDGET % Increase FUNCTION -2010- -2011- -2012- -2013- -2014- (Decrease) Actual Adopted Proposed 2013 to 2014 General Fund Mayor and Council 74,775 75,649 87,154 88,154 87,489(0.75%) Administration 187,777 195,164 206,725 212,622 212,7380.05% Government Services 364,424 362,520 405,406 393,538374,378(4.87%) Elections 20,275 1,869 24,600 2,00026,3001213.00% Finance 189,853 196,769 210,237 214,627223,4944.13% Management Information 138,422 144,537 157,261 199,948163,396(18.28%) Assessing 142,049 156,462 154,000 155,000158,0001.94% Legal 55,729 41,355 49,500 50,000 0.00% Community Development 52,250 52,765 55,547 55,61175,44935.67% Total General Government 1,225,554 1,227,090 1,350,430 1,371,5001,371,244(0.02%) Public Safety Police 3,024,892 3,125,289 3,269,971 3,431,5103,485,6251.58% Fire Protection 453,505 451,130 447,655 477,165503,5015.52% Protective Inspection 221,070 220,688 224,708 245,367266,1688.48% Code Enforcement 146,935 131,420 138,223 141,577147,9504.50% Emergency Preparedness Management 25,707 22,369 27,174 28,06630,0987.24% Total Public Safety 3,872,109 3,950,896 4,107,731 4,323,6854,433,3422.54% Public Works Engineering 217,589 230,924 264,427 270,661214,828(20.63%) Parks and Public Works Maintenance 1,477,660 1,460,031 1,577,050 1,649,5531,713,8053.90% Total Public Works 1,695,249 1,690,955 1,841,477 1,920,2141,928,6330.44% Culture and Recreation Park and Recreation 496,400 496,869 536,043 560,230564,7530.81% Total Culture and Recreation 496,400 496,869 536,043 560,230564,7530.81% Other Functions Cemetery 17,806 17,613 18,810 19,50919,5440.18% Other Financing Uses 1,609,071 2,290,669 1,588,821 1,945,934 1,919,373(1.36%) Total Other Functions 1,626,877 2,308,282 1,607,631 1,965,443 1,938,917 TOTAL GENERAL FUND 8,916,189 9,674,092 9,443,312 10,141,07210,236,2890.94%

14 General Fund Expenditures By Type 2014 Budget

15 General Fund Expenditures By Function 2014 Budget

16 Monthly Tax Supported Services by Department Police and Civil Defense 2013 2014 18.04 16.62 Public Works10.01 9.12 Debt Service6.82 6.21 Administration/Government Services/Finance/Legal6.38 5.71 Infrastructure (transfers)9.43 8.40 Street Light/Storm Sewer2.27 2.07 Park and Recreation/Cemetery3.02 2.76 Fire2.49 2.38 Community Development/Protective Services2.31 City Council.46.41 Other Total.71.68 61.94 56.67

17 CITY OF CHAMPLIN Who gets your property tax dollars? School District $457.00 (21%) Hennepin County $807.72 (37%) Special Taxing Districts $204.74 (9%) City of Champlin $724.64 (33%) EXAMPLE: Property Tax on a $162,000 Champlin Home is $2,194.10 (100%) RETURNED AS SERVICES $724.64 Police & fire protection Street maintenance & plowing Parks & trails Recreation programs Bldg & health inspections Other City services Based on 2014 tax rates

18 Where Your Tax Dollar Goes (Based on 2014 Tax Rates)

19 n Infrastructure Replacement Program – Budget provides $755,000 for streets – Budget provides $450,000 for parks – Budget provides $385,000 for capital equipment replacement – Budget provides $75,000 for Ice Forum – Budget provides $50,000 for storm sewer BUDGET SUMMARY

20  2.04% or ($53,245 increase) supplies and services. Of this amount, $26,300 is for elections (held only in even- numbered years and $26,336 is for payments to the Anoka- Champlin Joint Fire Department for personnel and infrastructure increases. This provides for a net overall increase of $809 in all other supplies and service line items in the General Fund.  No increase in transfers to infrastructure ($210,000 increase was scheduled to achieve levels indicated in Financial Management Plan.)  Total Increase in the General Fund totaling $95,817 (0.94%)  Provides for a decrease of 0.08% in the net tax levy which equates to an $18 decrease in City taxes for the median house value of $162,000. BUDGET SUMMARY


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