HomeMy WebLinkAbout2019 TNT Presentation
CITY OF OAK PARK December 11, 2018Taxation Budget Meeting-In-2019 Truth HEIGHTS
2019 Budget Parks Buildings and Equipment Equipment and Vehicle ReplacementStorm Sewer ReplacementOverlaySeal Coating/Mill and -Street Maintenance ProgramCapital Improvements Parks
and Recreation Sanitation (Garbage!)Tree Removal Street Lighting and SignsSnow RemovalStreet MaintenancePublic Works Emergency ManagementBuilding Inspection/PermitsFire ProtectionPolice
ProtectionPublic Safety InsurancePlanning, Zoning and EngineeringAdministration and FinanceMayor and CouncilGeneral Government Services Provided by the City:
2019 Expenditure SANITATION 5.38%RECREATION 4.43%PARKS ANDPUBLIC WORKS 8.14%45.97%PUBLIC SAFETYGOVERNMENT 36.08%GENERAL OPERATION EXPENDITURES ExpendituresTotal5,800,888Total Transfers1,666,400Transf
er for Debt Payment579,000for Capital ImprovementTransfer1,087,400General OperationsTotal4,134,488100.00%Sanitation222,6005.38183,1154.43Public Works336,5258.14Public Safety1,900,58549.97GovernmentGe
neral1,491,66336.08%CATEGORYEXPENDITUREBUDGET2019 Budget
2019 Revenue Budget Other Revenue 1.91%Charges for Services .96%Revenue 1.85%IntergovernmentalFines & Forfeits .71%Taxes 92.24%RevenueTotal 2019 Budget$5,597,222100.00%Other
Revenue106,8001.91Charges for Services54,000.96RevenueIntergovernmental103,3961.85Fines & Forfeits40,000.71License/Permits130,2802.33Other Taxes72,5001.30Levied-Taxes $5,090,24690.94%REVENUE
CATEGORYBUDGET2019
2019 Budget Impacts $190,000 had to be adjusted from the budget Due to change in value, and TNT notices reflecting a $0.00 increase, and additional •$0.00 increase in residential taxes
for 2019.2019 Preliminary Budget was Adopted with a $48,000 reduction in tax levy to achieve a •Notification of Xcel value change came after the preliminary budget was adopted.•Capacity%)
overall decrease in Tax Reduction in Xcel Values equals a (4.22•value(7.6% ) Change to Xcel Energy Values resulting in $393,000 reduction in tax capacity •2.75% contractual increase
in wages•10% increase in Health Insurance and General Liability Insurance•7.1% increase in market value for residential properties•
2019 Budget Impacts in City tax for 2019)(all taxpayers on average should see a decrease -increase for residential properties in 2019Applied Fund Balance of $203,666 to balance budget
which reduces taxes to $0.00 •Reduced the 2019 Budget $7,550 less than 2018 Budget•Changes to Budget –
Tax Levy Comparison$5,328,501 $5,090,246Total $5,045,056 $5,191,593 $5,193,661
Debt LevyOperation Levy $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $-$4,511,246$4,725,501$4,590,661$4,571,593$4,437,056Operation Levy$579,000$603,000$603,000$620,000$608
,000Debt Levy20192018201720162015
Tax Impacts$ 400,000 $ 1,999 $ (15)$ 250,000 $ 1,179 $ (4)$ 150,000 $ 633 $ 100,000 $ 360 $ 225,600
$ 1,046 $ (2)Market ValueProperty Tax$ ChangeTaxable CityProposed Payable 2019 2019From 2018 to $ 374,000 $ 2,014 $ 233,000 $
1,183 $ 140,000 $ 629 $ 93,000 $ 352 $ 211,000 $ 1,048 Market ValueProperty TaxTaxable CityActual Payable
2018