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Microsoft PowerPoint - 2013 TNT Hearing
2013 Budget2013 Budget PROPOSED GENERAL FUND BUDGET $4,893,418. • INCREASE OF $228,734 OVER 2012 BUDGET – 4.90 % INCREASE – PROPOSED TAX LEVY $4,538,193. • INCREASE OF $310,131 OVER 2012 TAX LEVY – General Fund Revenues 100.00% 90.00% 80.00% Other Revenue 70.00% Charges for Services 60.00% Intergovernmental Revenue 50.00% Fines & Forfeits 40.00% Licenses/Permits 30.00% Taxes 20.00% 10.00% 0.00% Actual 2010Actual 2011Budget 2012Budget 2013 . ActualActualBudget Budget 2010201120122013 Taxes-Levy79.5%86.6%92.1%94.1% Licenses/Permits4.7%3.2%1.8%1.0% Fines and Forfeits1.4%1.4%1.1%1.0% Intergovernmental Revenue6.7%2.4%1.5%1.5% Charges for Services3.3%1.9%0.3%0.2% Other Revenue4.4%4.5%3.2%2.2% 2013 Increase (Decrease)Over 2012 Budget2013 Increase (Decrease)Over 2012 Budget Increase in Expenditures • Operations$159,4994.68% • Capital Projects$ 69,2355.51% • Decrease in Revenue • Licenses and Permits$( 33,500)(70.81%) • Misc Revenue$( 43,900)(26.16%) • BUDGETED REVENUES -2013 COMPARED TO 2012 $10,000,000 $1,000,000 $100,000 $10,000 $1,000 $100 2012 2013 $10 $1 BUDGETED EXPENDITURES -2013 COMPARED TO 2102 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 2012 Budget $400,000 2013 Budget $200,000 $0 PUBLICSAFETYPUBLIC WORKSPARKSOTHER GENERALGOVERNMENT SUMMARY OF CHANGES IN 2013 BUDGET/ TAX LEVY COMPARED TO 2012 SUMMARY OF CHANGES IN 2013 BUDGET/ TAX LEVY COMPARED TO 2012 DEBT SERVICE$ 12,000 REVENUESEXPENDITURES - CONTINUED REDUCTION IN REVENUESGENERAL INCREASES-MATERIALS/CONTRACTUAL$ 4,533 BLDG/VARIOUS PERMITS$ 33,500 INTEREST EARNINGS$ 40,000$ 73,500GRANTS LUCY WINTER BELL$ (5,032) EXPENDITURESYOUTH SERVICE BUREAU ($10,100 total)$ 300$ (4,732) FEE INCREASES FIRE CONTRACT$ 24,620CONTINGENCY INSPECTION SERVICES$ 6,000 OVERLOOK 75TH ANNIVERSARY$ 2,500 ARBORIST INCREASE - PROJECTS$ 4,000 $ 34,620 PERSONNEL COSTSCAPITAL PROJECTS CONTRACTUAL-UNIONS$ 6,100 CAPITAL OUTLAY$ (33,200) EDUCATION REIMBURSEMENT$ 14,600STREET RECONSTRUCTION$ 8,225 BENEFITS$ 6,800 STORM SEWER RENEWAL$ 2,185 HEALTH INSURANCE$ 12,600$ 40,100PARK BUILDING RENEWAL$ 50,000 CITY HALL RENEWAL$ 30,000$ 57,210 ADDED PERSONNEL POLICE OFFICER - WITH BENEFITS$ 86,800TOTAL CHANGE TO TAX LEVY$ 310,131 TEMP PUB WKS$ 3,600 $ 90,400 TAX LEVY, TAX CAPACITY AND TAX RATE PROPOSED TAX LEVY • 2012 2013 __Inc (Dec) General Fund$3,692,062$3,990,193$ 298,131 Debt Levy added to Gen Fund536,000548,000$ 12,000 Total General Fund Levy$4,228,062$4,538,193$ 310,131 TAX CAPACITY • $7,823,155$7,904,706$ 81,551 SHIFT IN MARKET VALUATION • 2011/2012 TAX CAPACITY RESIDENTIAL Decrease -11.5% COMMERCIALDecrease-1.1% 47-52% PUBLIC UTILITYIncrease10.6% RESIDENTIAL COMMERCIAL TAX RATE • PUB UTILITY OTHER 2012 -51.710% OF TAX CAPACITY 2013 -54.847% OF TAX CAPACITY SUMMARYSUMMARY OVERALL CHANGES IN PROPOSED GENERAL FUND • BUDGET $4,893,418 PROPERTY TAXES RESIDENTIAL DECREASE (6-11%) • PROPOSED TAX LEVY • $4,538,193 APARTMENTS AND COMMERCIAL • INCREASE 6.1-8.2% SHIFT IN TAX CAPACITY • PUBLIC UTILITY INCREASE 19.83% • VALUES RESIDENTIAL TAX ( D)( E)( F)(G)(H)( I)( J )( K ) Market ValueHomestead Taxing TotalTaxingTaxing IMPACT BeforeValue Taxable DistrictMkt ValueDistrictDistrict ExclusionExclutionsMarketTaxGrossHstdshare ofNet ValueValueValueCapacityTaxing CreditCreditTax Actual Pay 2012 Pay 2012 MV76,000 @ .40%(B7 x E) +500,000 @ 1.0%(A7 x G) rem @ .09%(B12 x D)rem @ 1.25% 2012 52% Estimated Tax District rate as % of total rate: TAXES 112,900 27,079 85,821 858443.78$443.78 169,300 22,003 147,297 1,473761.67$761.67 186,700 20,437 166,263 1,663859.74$859.74 282,200 11,842 270,358 2,7041,398.02$1,398.02 451,500 451,500 4,5152,334.70$2,334.70 Proposed Pay 2013 Pay 2013 MV76,000 @ .40%(B7 x E) +500,000 @ 1.0% X 0.886rem @ .09%(B12 x D)rem @ 1.25%(G) x %(F) -(H) 2013 55% Estimated Tax District rate as % of total rate: PROPOSED 100,029 28,237 71,792 718393.76$393.76 TAXES 150,000 23,740 126,260 1,263692.50$692.50 165,416 22,353 143,064 1,431784.66$784.66 250,029 14,737 235,292 2,3531,290.50$1,290.50 400,029 400,029 4,0002,194.04$2,194.04 (DECREASE) Percentage Change from 2012 to 2013 -11.4%-16.3%-16.3%-11.3%-11.3%$ (50.02) DECREASE -11.4%-14.3%-14.3%-9.1%-9.1%$ (69.17) -11.4%-14.0%-14.0%-8.7%-8.7%$ (75.08) -11.4%-13.0%-13.0%-7.7%-7.7%$ (107.51) -11.4%-11.4%-11.4%-6.0%-6.0%$ (140.66) ( D)( E)( F)(G)(H)( I)( J )( K ) Market ValueHomestead Taxing TotalTaxingTaxing BeforeValue Taxable DistrictMkt ValueDistrictDistrict ExclusionExclutionsMarketTaxGrossHstdshare ofNet ValueValueValueCapacityTaxing CreditCreditTax 112,900 27,079 85,821 858443.78$443.78 169,300 22,003 147,297 1,473761.67$761.67 TAXES PAY 186,700 20,437 166,263 1,663859.74$859.74 2012 282,200 11,842 270,358 2,7041,398.02$1,398.02 451,500 451,500 4,5152,334.70$2,334.70 Proposed Pay 2013 100,029 28,237 71,792 718393.76$393.76 150,000 23,740 126,260 1,263692.50$692.50 TAXES PAY 165,416 22,353 143,064 1,431784.66$784.66 2013 250,029 14,737 235,292 2,3531,290.50$1,290.50 400,029 400,029 4,0002,194.04$2,194.04 PercentageChange from 2012 to 2013 (DECREASE) -11.4%-16.3%-16.3%-11.3%-11.3%$ (50.02) -11.4%-14.3%-14.3%-9.1%-9.1%$ (69.17) -11.4%-14.0%-14.0%-8.7%-8.7%$ (75.08) CHANGE -11.4%-13.0%-13.0%-7.7%-7.7%$ (107.51) -11.4%-11.4%-11.4%-6.0%-6.0%$ (140.66)