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Estimated 2011 Tax Bill Breakdown. 4 Year Comparison of Surplus Budget Year 2010200920082007 Surplus Available at 12/31 520,712-124,444346,578523,372.

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Presentation on theme: "Estimated 2011 Tax Bill Breakdown. 4 Year Comparison of Surplus Budget Year 2010200920082007 Surplus Available at 12/31 520,712-124,444346,578523,372."— Presentation transcript:

1 Estimated 2011 Tax Bill Breakdown

2 4 Year Comparison of Surplus Budget Year Surplus Available at 12/31 520, ,444346,578523,372 Utilized in following Year Budget 466,000 none 352, ,000 % of Total Budget Revenues 16%0%12%17%

3 Revenue Sources Taxes State Aid Miscellaneous Grants Delinquent Taxes Surplus Funds, from prior years

4 Schedule of Revenues Taxes 1,203,7811,155,026932,897879,201 State Aid 479,809499,055605,369593,483 Miscellaneous 290,947630,507362,200373,125 Grants 145,92410,491207,501213,372 Delinquent Taxes 325,000476,000532,000400,000 Surplus Budgeted 466,000None352,000535,000

5 Revenue Breakdown (Using 2011 data)

6 Revenue Issues & Changes State Aid reduced 19,246 from 2010 to 2011 State Aid was reduced 106,314 from 2009 to 2010, for a two year total of 125, was the first year 45,000 of the revaluation expenses had to be paid back, 2011 is the second 2011 budget has a one time payback of proceeds received from a prior year land sale (44,300) 2011 budget has a one time payback of Pension problems (55,000)

7 Revenue Issues & Changes 32,500 increase in expenditures or decrease in revenues equals one cent tax rate increase Local Tax Rate Local Tax Rate Increase of 0.15 (one and a half cents)

8 Schedule of Appropriations Salary and Wages653,305724,890697,222695,070 OE906,399916,3621,170,483952,650 Land Payback44,300 Deferred Charges128,342122,671142,503138,559 Other Operations30,92426,99125,50138,782 Capital Improvements145,000None245,000246,000 Debt Service319,519321,425323,119324,600 Revaluation Payback45,000 Pension Problem Payback55,000 Reserve for Uncollected Taxes 583,672613,740613,139598,520

9 Comparison of Major Appropriations Reserve for Uncollected Taxes583,67220%613,74022%613,13919% Debt Service319,51911%321,42511%323,11910% Insurance198,0006.8%200,8067.2%201,6006.3% Grants145,9245%10,4910%232,5017.2% Ambulance Salaries145,0005%143,0005%126,0004% Utilities134,5004.6%139,5005%136,5004.3% Convenience Center OE110,0003.8%104,7203.8%92,6002.9% Pension Problem Payback55,0001.9%Nonen/aNonen/a Revaluation Payback45,0001.5%45,0001.6%Nonen/a Pension Bill (PERS due 4/1/xx)45,3421.5%39,6711.4%40,2741.3% Land Payback44,3001.5%Nonen/aNonen/a All Other Expenses1,085,20437%1,161,72642%1,451,23445% Total Budget2,911,461100%2,771,079100%3,216,967100%

10 Cost per Average Assessment 2011 Average House is Assessed at $158,157 $ in Local Tax (0.375 rate) $ Increase 2010 Average House was Assessed at $158,157 $ Local Tax (0.360 rate) Examples: Assessment 130,000 Local Tax Assessment 158,157 Local Tax Assessment 200,000 Local Tax Assessment 258,157 Local Tax


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