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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 Tax levies for the City of Champlin decreased from 2008 to 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 Change 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 Champlin (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 reflect actual numbers and the years 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 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 $207, $190, $181, $166, $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, % over $500,0000 Tax Capacity Value$1, /2013 ($166,000)2013/2014 ($162,000)Difference City Tax Rate % After exclusion $743 $643 City Tax Rate % 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 (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, , , , , % Government Services 364, , , ,538374,378(4.87%) Elections 20,275 1,869 24,600 2,00026, % Finance 189, , , ,627223, % Management Information 138, , , ,948163,396(18.28%) Assessing 142, , , ,000158, % Legal 55,729 41,355 49,500 50, % Community Development 52,250 52,765 55,547 55,61175, % 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, % Fire Protection 453, , , ,165503, % Protective Inspection 221, , , ,367266, % Code Enforcement 146, , , ,577147, % Emergency Preparedness Management 25,707 22,369 27,174 28,06630, % Total Public Safety 3,872,109 3,950,896 4,107,731 4,323,6854,433, % Public Works Engineering 217, , , ,661214,828(20.63%) Parks and Public Works Maintenance 1,477,660 1,460,031 1,577,050 1,649,5531,713, % Total Public Works 1,695,249 1,690,955 1,841,477 1,920,2141,928, % Culture and Recreation Park and Recreation 496, , , ,230564, % Total Culture and Recreation 496, , , ,230564, % Other Functions Cemetery 17,806 17,613 18,810 19,50919, % 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, %

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 Public Works Debt Service Administration/Government Services/Finance/Legal Infrastructure (transfers) Street Light/Storm Sewer Park and Recreation/Cemetery Fire Community Development/Protective Services2.31 City Council Other Total

17 CITY OF CHAMPLIN Who gets your property tax dollars? School District $ (21%) Hennepin County $ (37%) Special Taxing Districts $ (9%) City of Champlin $ (33%) EXAMPLE: Property Tax on a $162,000 Champlin Home is $2, (100%) RETURNED AS SERVICES $ 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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