HomeMy WebLinkAboutTNT Hearing DocumentOak Park Hei ENCLOSURE
Re for Council Action
Meetin Date December 1,200, Tillic I .e d:
A Item Title Proposed 20 1, 0 Bud et and Tax Levies — lZeyiew and Discussion
A Placement I Old Business
Ori Department/Re Finance — JUd Holst,-DepUtV Clerk/Finance Director
Re Si
Action Re Review and pp,Olic discussion of'20 10 btid and tax levies
Background/Justification (Please indicate if an previous action has been taken or if other public
bodies have advised
See attached —Cit of Oak Park Hei 20 10 Annual Bud hil'orination
2010 Preliminar General FUnd .evenue & Expenditure Summar BUd
20 10 Tax Impact Worksheet with work session ad.
2010 Tax Impact Worksheet with work sessim a(Ij ustments and UVTA recerti 1is at on
Pa 1 9 of 42
This lla I's Left Intentionall Blank.
Page 20 of 42
pity of Oak Park Heights
201.0 Annual Budget
] I
Page 21 of
201.0 Annual Budget
Table of Contents
City Official
Bud Process 4
Anticipcitod Chan to Preliminar Bud 6
Debt Service I'A'unds Id.
Pa 2
Page 22 of 4
Oak Park Heights City Officials
Position
C uncilmember Les Abrahamson
Cowicilmenabor Mike Runk
citv St"Iff
A, Johnson, City Administrator
judy F1olst ..n.1i n"'Ince Director
Brian eRosicr .- Police Cl ief
Aiadrew Ke Public Works Director
David Mol - City Ati 1itor
Mark. Vierling - City Attorne
Bob Sch- tmicht Cily 1'Algi eer
Term 'Ex , A
12/31/2012
12/31/2010
12/31/2012
12/31/2012
12/31/201
Page 23 of 4
Bud Process
The annual budget process is a thorough review of all City rc, nu s and e pen ittires for
the current and upcoming year. There are many uncontrol table factors the City must
comply with that affect both the amount of revenues t he City receives and the amount th
City must expend in order to provide the current level of ser vices, "l'licre are also 11LI gel - OLIs
unfunded mandmes the Cit y must comply wit , such as:
Revenuo
Tax exempt prod ert _- City 111ust still maintain police/fire police/fire protection, streets, etc.
Limitations o f local special assessments.
Local improvement feasibility reports requirements.
Limitation of maximum penalties and fines f or ordimmee violteit'1011S..
Truth in taxation requirernents.
Limifation oil f ces for l ic n c � i,c. cuff sale and Smiday on- -sale l fin s,
� idi t.ur
_1. 4�
o 1 � { equity, implenintati.on "and reportil) ).
Worker's conipensation.
Public l;ell-�IOJIs.
e Continuation of health and life insurance coverage.
Prevailing wages paid on public contracts.
V t nans pre ffelice.
o Mandatory bindinj. arbitration for employee Classes such 'CIS potice "Ind
fi refl ghters.
"-11 J)LIblic sa fety requirements i.e. Peace offi r sta and training
c o n fil n ed spac;e enb fir, susl eas f ft red u t1on, to ba cc o co m pIi - nce ch l s,
Building code administration and limits to permit fees for minor improvements.
Numerous e nvironment requirements i.e., wastowiat r ti.'eatment standards
Wetland Conservation Act, recycling pro rams, Wasto Collection practices,
d rinking water standards, surface water managemont Plans, Federal C lean Water
Act as�� � ( -Ite � permit re , ����cl toz`��� o � a ���'clo��s I.lbst �)11C C
a Planning requirements for land use, z oning, building cedes,
0 comprellensive plan updates,
e Conducting elections Including pa ljig jud ;es, absentee ballots and recounts,
Record keeping requirements for Data Practices Act and retention .schedules.
Competitive bidding,
o Open Meeting I.aw notices, agendas and mincites.
e Various financial reporting requirements, i.e. budget, audit red orts, `FIF report ,
Building Inspection. fice reporting, business subsidy r eports, outstanding debt
reports, Continuing Disclosure reports.
'age 24 of 4
Budget Process
T he C ity C ou neiI and s taff e ng a ge in a tho ro ugh b Lid ge p ro cess each ye r i11 order t o
present a fair and bah : b udget for the it gas of Oak Park Heights,
1 . The annual budget process conimences in July of ach year with the Finance Director
distributing bUdg t works is to t hi�, department heads . for completion. ..I"he city
:ounell is requested to inform the PInance D irector of any special requests tlicy may
have for the budget.
2. The department heads do nine th antics at d xpen -ditur s and budget I (lLI Sts 1:'()I'
tiic Lipcoming y ear. 'n. r qu sts are submitted to the F inance Director ai d
dins n istrator f or ro v i ew b the en d of July.
'I "he Fi11a lice 1)j recto I Co r11l)11 es �i dra 1 of the prelImiiiary bud get a nd su bmIts it to the
City crou ncil.
.. The City :`ounell sc hedtfles Work shops I,)] c.li cLISsion f-C 1 nwic " of the
1) 11d get. Th ere are wsu%c'l { t work sho s Iicld dLirin g tine m oWh o f Au gust ( [lie
fi rst week in September, All fcrc l c ps Care public r t � the public is welcom
to attend.
5 . A fton - all input sand recitiests h ave be c the 1t'imancc 1)11'c ,tol makes revisions
to the pr llmimciry bvidget and submits it to C ouncil for approval of the proposed budget
and tax levy. leer �Ii1at c of S tate taftit this must be cm
p ted and certified to the
Cotinty no later than S ptembcr 15,
6 . "I"ho, City Council sets thc datc I M the "Fruth in 'l'amition mecting rcqml ent . In 201 0
the City is �.�egI131-ed to hold a Single mwixlk, ill Which th I Llblic: is allowed to speak and
the kid get act l {y Is Iisuisscd. �:; or the ycat 20 l , th heariiig r� r f be � part cal'
1 sc11cdUled jjrjc tjj { I'lic dates mits"t be certi is i to the fc rosy no later th, - 111
September 15,
7. Council c onducts ( -iddltional workshops to discuss any addiflon - al chcin g s to the bodget
di.le tO Updated 3 )ILIc and/or exp enditure in - i ion, i.c;. insurance Fate s, contract
a cs, etc. `rii "Ity 'milled is i-oposing a decrease ill the l l m))Wsed Revenu
Budd fi -o m $4,178,486 o $3,988,936 a nd a decrease in trig J "j ., c Se(j J - "Xj) jj(1jtjjj'
Budget fi-om $4,162,033 to $3,988,933.
9. "Fhe Truth ill 'J ", - miatioll mecting is 110)(L
9. T he fim. -1 budget and levy lmi t be, certi to the County by l cc 28, 2 009 an(I to
the Mi m.iesow l: )ep -c - t ent of Rev emic a fter the lev is adopted.
1' a
P
Ll
a ge 25 of 4
Anticipated Chan to Px-efiminai,, Bud
The City discussed seveml c hanges to the revenue nd expenditure budget at their Octobor
3, 2009 a nd November 6, 2009 N o k session. The changes sug este were due to updated
informs, tion received for 2010 revenues and expenditures and the desire t o reduce the
proposed tax levy to have minimum impact on the amount of tax pal pa b y residential
property owne
R evenues decreas'ed $189,550. The 1 areiis were fisted.
I. General Properly Taxes decreased $388,1 f rom $3,775,596 t o $3,390,411
2. Police Aid inerease d $5, from $65,000 to $70,000, reflecting updated
information,
3. $193,635 of" the 20 midesignated f nd balance will b e used to b alance the budget.
With the ch an es discussed, the re enu e bu d et Nvo u Id decrease f 3,3 2 9 or .6% over the
2009 1 *e eMlc budget.
1".x end itures decreased $1 iii the I ) Howl ng departments:
I C ity .dministi- atio:i decreased $ 10,800 f rom $26,9 to $ 1.6, 100 l r ad,just to
tn"i el, , gill' renc e, Schools.
:. I,`M royeo Hospital, Lif Dental Insurance deer�e e�cl ,500 f��om $30 fi �
$ 277 1 0 r an adjustment to estimated insurcanc;e � remi�. m .
3, Building 111sl ections Fire 111sl eetion Sol decrease I ,3 800 ��`o��� : ,� t o
$ 1,200 to reflect estimated revenue f or fire i mpections paid to Bayport.
-. 11 LliIdi11g I11SI) CC tIo11s, inor <i sod ,off 0 fro in $2, 0 0 0 t o x` 3,0 0 0 R)r a dj L1 8 tm.c 11 t to
tnc coni r nc: , S chools,
5. Trec Remo , Other Contractual S ervice s mere scd $21,000 f $24 to
$4 51,750 to r e flect esthm costs f or emerald ash borer m(aii.igemexit.
6 . Trans ers Otit to O ther 1 "ILir ds decreased $158,000 from $762,K0 to $604,850 to
reduce transfers - 6 or capital pm Decrease needed t o reduce tax l evy.
With the ha s discussed, the expenditure bu t w ould de crease rea $23,257 or .6% over
the 2009 e 1miditure budget,
In addition to the above ad,justments, the City is < nfi cipatm a reccrti ;��lim o th 2010
U tility -al tion 'l'rallsitio id L from the Minnesota D epartment off,. Re venue.
I f the UVFA is rocerl-j 5 e the Ci t } wi I I receive an estimated %N 02,947 in 20 10 U ` A -
The tax tevy will be reduced to reflect the Aid.
ll
Pa ge 26 o 4
General and Revenues
An important chan the Cit Council and the residents of Oak Park Hei should be
aware of is the trend towards rel more on the tax lev for the Cit source of revenue.
In 2005 the tax lev consisted ol71.2% of the Cit revenue source. 1"he proposed tax
lev for 2010 is 83.4% of the Cit revenue source. There are several factors that
contribute to this trend. Licenses and Pert-nits have decreased frorn 11. 7 % in 2005 to 2. 1 %
in 2010. The Cit also reduced the utilit fund administration fee from 10% to 7% in 2007.
The State has also limited the abilit of Cities to increase fees for centrain services, i.e.
Sunda on-sale license fees, sale of fireworks fees, and permit fees f."o• minor
improvements.
The Other Revenue cate for 2010 reflects the use of $193,63 5 of the Decembcr 31,
2008 undesi fund balance allocated to offset the amount nccded to balance to the
2010 expcii(liture bud
Revised
ACtUal Actual Actual Actual Bud Bud
2005 2006 2007 2008 20.09 2010
Taxes
71.2%
77.0%
80.8%
81.9%
82.7%
83.4%
Licenses/Perm its
11.7%
9.7%
11.6%
5.0%
3.1%
2.1%
Fines and Forfeits
2.2%
2.6%
1.9%
1.6%
1.8%
1.7%
Inter Reventle
3.3%
3.3%
3.1%
2.5%
6.5%
2.1%
Char for Services
6.9%
2.5%
3.9%
1.9%
1.7%
1.8%
Other Revenue
4.7%
4.9%
5.7%
7.1%
4.2%
8.9%
General Fund Revenues
'r he overall 2010 revised proposed revenue bud reflects a decrease of $23,329 or .6%
over the 2009 revenue btid
Pa 7
Pa 27 of 42
General Fund Revenue Summar
4"he chart below shows the anticipated revenucs for bud y ear 20 10.
2010
Revenue Distribution Distribution
Char for Services
Inter M iscellaneous Undesi Fund
Revenues R OV011LIGS B a lanco
Fines & Forfeits
1.7%
lion-Rusinoss
Licenses-Permits
1.3%
BUShiess Llcensos-
P 0 rill its
0.8%
Taxes
83.4%
Maxes
1111113tisiness Licenses-
P cralits
UNon-Business Licenses-
P orm Its
ElFines & Forfeits
0111tor ire rtime rata l
Reventies
FIC har for Services
NMIscellaaeotis Revermas
OUndesi Fund
Balance
While the Cit of Oak Park Hei is in g ood financial condition, the majorit cif our lon
term difficulties will be from outside sources. With current economic conditions', the cit
is faced with the possibilit of State Aid cuts after the bUd and tax lev has been
certifiled to the Count and State.
llaoe 8
Pa 28 of 42
Revised
2009
2010
Increase
BUd
Bud et
(Decrease)
'faxes
$35319,365
$35327,91 1
.3%
Business Licenses-Permits
$3 0,265
$31,650
4.6%
Non-Business Licenses-Pern-iits
$92,875
$50
(46.2%)
Fines & Forle its
$70,500
$67,700
(4.0`/x)
Inter Revenues
$259.)890
$83,040
(68.0%)
Char for Services
$70,400
$72.,420
2.9%
Miscellaneous Revenues
$168
$162
(3.8%)
Undesi Fund Balance
- 0
$192,635
100.0%
Total Revenues
$4.
,0 12265
$35988936
(.6%)
4"he chart below shows the anticipated revenucs for bud y ear 20 10.
2010
Revenue Distribution Distribution
Char for Services
Inter M iscellaneous Undesi Fund
Revenues R OV011LIGS B a lanco
Fines & Forfeits
1.7%
lion-Rusinoss
Licenses-Permits
1.3%
BUShiess Llcensos-
P 0 rill its
0.8%
Taxes
83.4%
Maxes
1111113tisiness Licenses-
P cralits
UNon-Business Licenses-
P orm Its
ElFines & Forfeits
0111tor ire rtime rata l
Reventies
FIC har for Services
NMIscellaaeotis Revermas
OUndesi Fund
Balance
While the Cit of Oak Park Hei is in g ood financial condition, the majorit cif our lon
term difficulties will be from outside sources. With current economic conditions', the cit
is faced with the possibilit of State Aid cuts after the bUd and tax lev has been
certifiled to the Count and State.
llaoe 8
Pa 28 of 42
General Fund Expenditures
The Revised Proposed 201 bud for expenditures is $3,988,933; which reflects in a .6%
decrease over the 2009 cxpendittire bud
The chart below shows the expenditures for y ears 2005 throu 20 . For the y ear 20 10,
General Government accounts for 32.6% of all expenditures. Public. Safet accounts for
35% of all expenditures. Other expenditUres, which include financin of ctipital pr(�jects,
account for 32.4% of a] I expenditures.
.
General Fund Expenditures
100.0%
90.0%,
80.0%
70.0%
60.0%
50.0%
40.0%
30.0%
20.0%
10.0%
0.0%
1 0th er Expenditure
'I'lic Cit will have increased expenditures for salaries, ill.sUrance prenlitims, salar
allocation chan Cit Hall maintenance, plannin fees, tree removal and utilities. There
were sli decreases in conferences, schools, contractual services, and transfers to the
I
Bud Projects Fund for capital purchases. The overall 2010 revised proposed
expenditure bud would decrease b $23,257 or .6% over the 2009 bud
Pa 9
Pa 20 of 42
Actual 2005 Actual 2006 Actual 2007 Actual 2008 Bud 2009 Bud 2010
Revised
Actual
Actual
Actual
Actual
BLId
Bud
2005
2006
2007
2008
2009
2010
General Government
29.5%
31.7%
31.2%
27.1%
29.4%
32.6%
Public Safet
40.6%
39.8%
6.9%
32.5%
34.1%
35.0%
Public Works
6.2%
6.1%
6.0%
7.4%
7.1%
7.8%
Parks
3.5%
3.6%
4.3%
3.6%
4.5%
4.4%
Sanitation
3.1%
3.0%
2.4%
4.5%
4.9%
4.8%
Other Expenditures
17.1%
15.8%
19.2%
24.9%
20.0%
15.4%
.
General Fund Expenditures
100.0%
90.0%,
80.0%
70.0%
60.0%
50.0%
40.0%
30.0%
20.0%
10.0%
0.0%
1 0th er Expenditure
'I'lic Cit will have increased expenditures for salaries, ill.sUrance prenlitims, salar
allocation chan Cit Hall maintenance, plannin fees, tree removal and utilities. There
were sli decreases in conferences, schools, contractual services, and transfers to the
I
Bud Projects Fund for capital purchases. The overall 2010 revised proposed
expenditure bud would decrease b $23,257 or .6% over the 2009 bud
Pa 9
Pa 20 of 42
Actual 2005 Actual 2006 Actual 2007 Actual 2008 Bud 2009 Bud 2010
General Fund Expenditure Summar
The chart below shows where the Cit will make the m of its expenditU• es in the
2 010 bud y ear.
2010
Expenditure Distribution
Other Ex pen dkures
154%
feral Government
3 2. U'/'o [3 General Gov ern me rat
[1PUblic Sa fet
&AUtion
4B%
EIPUbkWorks
PBrks [] Parks
4.4'l'a
MSenhation
Q 0 1h er E x Pe ndi t Ures
PU tl ic ft lks
7.9%
Pubic Safet
35.0%
Paure 10
A g e 30 of 42
2009
2010
% Increase
B
Budget
Decrcase)
General Government
1.5177 85
1,3 00,295
10.4%
Public Safet
11369,455
13,394,710
1.8%
Public Works
285,420
313,271
9.8%
Parks
181,280
1741,857
(3.5%)
Sanitation
196,050
191
( 2.6%)
Other Expenditures
802,600
614,750
( 23.4%)
Total Expenditures
4,3012,190
3,988.1933
(.6%)
The chart below shows where the Cit will make the m of its expenditU• es in the
2 010 bud y ear.
2010
Expenditure Distribution
Other Ex pen dkures
154%
feral Government
3 2. U'/'o [3 General Gov ern me rat
[1PUblic Sa fet
&AUtion
4B%
EIPUbkWorks
PBrks [] Parks
4.4'l'a
MSenhation
Q 0 1h er E x Pe ndi t Ures
PU tl ic ft lks
7.9%
Pubic Safet
35.0%
Paure 10
A g e 30 of 42
Tax Levies
The proposed pa 2010 g eneral lev for Oak Park Hei that was submitted to
Washin Count for the TNT parcel specific notices was $3,778,596. The Cit Council
has proposed a reduction in the amount to be certified as the g eneral lev to $,3,390,411.
The Cit also has a g eneral obli debt lev in the amount of $502,000 For the General
Obli Capital Improvement Bonds of 2008 and 2009. The total revised lev now
proposed is $3,892,411.
If the INTA is recertified, the lev will be reduced b the amount of aid which will result
in an ad(litional lev decrease of $102,947.
Tax Capacit
'Flie Cit estimated 2010 tax. capacit value is $8,519,590. This represents a 4.5%
decrease in tax capacit value over 2009.
Tax capacit value is market value of the propert times the class rates. Class rates are
established b the State of Minnesota and have not chan since 20'02.
The current class rates for residential property is I % of market value for the first $500,000
of value and then 1.25% on the remainin value of the propert — Example of a $600,000
home —
Tax Levies, Tax Capacit and Tax Capacift Rate
1% of first $500,000 $5
1.25% of Balance ($100,000) $1,250
Total Tax Capacit $6,250
The current class rates for commercial propert is 1.5% of market value for the first
$150,000 of value and then 2% on the remainin value of the propert — Example of a
$600,000 commercial business —
1.5% of first $150,000 $2)250
2% of balance ($450,000 -$9,1000
'"I"otal Tax Capacit $11,250
p-
'Vae of 42
As seen in the chart below, the Cit total tax lev has increased from $2,293,825 in 2005
to $3,892,411 proposed for 2010. The Cit had 14.2% increase for 2006, 12.7% increase
for 2007, 20.7% increase for 2008, 8.6% increase for 2009 and a proposed 6.4% increase
for 2010. The 201 o increase is due to the additional bondin for Cit Hall and a reduction
from the State in the Utilit Valtiation Transition Aid.
The chart below shows the chan in Tax Capacit VIE-flues from 2005 throu Proposed
2010.
10,000,000.,"
8
- - y��
6,000,0,00-1000
4,00 0, 0 0 0
2,000,000-00
0.
2D 06 2008 2CID7 2098 2000 2010
pac k km
0643 52
6 ,4 46,1 M 7AS 1,
,742,105
8921,30)
11511-110
fax CaDacitv Rate
The Cit Tax Capacit Rate for the g eneral lev for 20 o is estimated to be 37.602% per
$ 1,000 of to capacit ValUe. Thi's represents an increase of 7.7% fi-om 2009 rates. The
Tax Capacit Rate for the g eneral obli debt lev is 5.601 %. This represents an
i ncrease of 4 6.9% from the 2009 debt lev rate. The total Tax Capacit Rate is 43.203%.
"I"otal Tax Capacit Rate is estimated to increase 11.5% over the 2009 rate.
If the UVFA is recertified, the tax rate will decrease to 41.99%- which is an 8.4% hicrease
over the 2009 tax rate.
Tax Capack Rates
2007 2008 2009 2010
35.731 36.343 38.732 43.203
The median market value from 2009 to 201 for the Cit is estimated to decrease 7.5%.
Assumin a 7.5% decrease in value, the net effect in total Cit tax is 1.2% to 3.3% increase
dependin on the market value of the home. A $200,000 home will experience a 2.6% or
$19.68 increase *In tax.
An increase or decrease in the amount levied for taxes combined with an increase or
.6
decrease in, market value or tax ucipacit value, result in the tax capacit rate chan
If UVTA is recertified, the net effect in total Cit tax will be an .8% to 2% decrease
dependin on the market value of the home. A $200,000 home will experience a 1.5% or
$9.89 decrease in t
Pa 12
Pa 32 of 42
Utility Funds Revenues and Expendifixi-es
T he Water Utility F und revemi s are anti cipated to increase 6,1 % for the year 20 1 0. 'File
increase in revenue refle an increase in water rates needed to meet l roj ct d operation
and capital expenses,
1 e c11diLL11- in th Water t.i it Fu nd are anticipated to increase 5.9% fbr the year 2010.
The increase is due to a r d=6011 In estimated interest earned a nd transfcrs out f or capital
The ewer Utility and revenues are anticipated to incr 8% for the year 2010. "I'lic
increase in rcvemic r iccts an increase in sewer rates needed to meet pro_jccted operat.1011
, i d cap i tal ex ponscs.
�- the ear 201
`ri increase is dtic to a reduction in c tiniatc d intcrest ear M01'c , (.1 cd Charges Iro m
Metropolitan Council Y'nvi - onmental Ser\li.ccs (a d transf o ut f i` capital equil c t.
'I'll torill w er .1i�lllty �+ and r ve3)uc sir antl' i� ��t d to do re 1.7% f r th e y ear 201 0
1be revenue decrease Ps duc to a r d uction in csfim atcd interest c4
f."'Xpenditures ill the Storm Severer Utility Fund are anticipatcd to dccrea c 2.6% for the year
2 010. 'Flee is i)e to ( decrease in openOting, Oxj)C11ditL11i0s.
� i Z ge i
Page 33 of 4
U tility 1`11ilds, Revenues tI111111(. -A '
2009
201
% norea
B q d j
L
\Vater U tilit y Fund nd
4 56 62
$5 90,650
. } � y/
e �. Nver tility Fund
$724A20
$782
8.0%
S to rm S ewer I-A F un d
$80 . 2 0
j jQ
.f 1. 7 µ..Vi
1$11 �, 1 ,9
1 .452,9
6 .7%
r
U Fund nd EfxpwJAJi iftl ' Summar
2 009
2010
° 11101 - la
Bator Utility 1`1111d
', 510
$59 0,645
5.9%
cN cr' Utility 1 d
$724'
$782,85
M%
S torm Sewer Utility 1i1111d
.. $69c 18
- $67.
1 0
'1 '0 taI
$ 1 ,13 1,0
1,
6 6%
� i Z ge i
Page 33 of 4
Debt Sci-vice Fund
A off' embe - 3 , 2009 the city wiII h ave ou tsta nding d eb t, i nel udin i ntere s t, In th
mount of $1 for the f pond issues:
G-0, , C; it l Improvement Bond, f . '2008 $9,275,877.50
0-0. . C apit l Improvement Bouds of 2009 1,399,530,00
The G. . Capital I�� pro�� meat gads of 2 wer issued M 2008 to p rovide fill ancin 101
the construc ofa new City Hall. This bond is scheduled to be repeald by a Gene
ligation Debt L evy. The bonds are scheduled t retire in 2028.
` 'lie G,O- Capital Improvement Bonds of 2009 were issued in 2009 to provide additional
finaming for the on truction of a now City This bond is scheduled to be repai d by a
i neral Obfigiatioii Debt Levy. The bonds are scheduled to retire in 2019.
I)
{ 34 of
Bu(I Pi-ojects Fund
The � # �x�� jects ={ � c l c l to N p urchases r public w
police, administration, etc. I'li i r cci v d in this un are transfers in from th
encr l and and the Utility I�und. Revenue receive f tr ee repl acement and
occasionally revenue rec.eived as donations are deposited in this fund.
For the y eCar 2 1 o t h e it h -i s budg tee tra n s I' i's in fro m t he n r-iI Fund Row is ed
reli in r �� � t in he mount � $206,850 and tran fors in from the Utility { Fund In th
amount of $80,600.
fI"he anticil) expenditures fOr 2010 for scalcoat/cnauk s eal, park. and trail
,l roveme is and maintenance, tree pl-a nfing, I o l ice vehicle, public pork veh' l e, ,
computers, s, police equipment, and j)u li : works equipment.
Pa ()e 1
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Proposed Pay 2010 Property T x Impact Worksheet
Taxing District: 1700 Oak Park Heights � GENERAL LEVY DEBT LE
ep 1- Calculate the Taxing District' s Tax Rate - General Lever & Debt Levy Reduce $388,185 (10-13 Adj.)
8 . Assumes a - 7,S% change in market value from 2009 to 2010, w hich is the city median change
9 ,
10 5
( Y 1 5
1
13 .
1.4.
15.
1.6.
17,
18,
19.
2,
2 1 /
?421
3.
4,
2 5 .
2 65
2' ,
2,
9,
30,
1,
32.
3.
4.
{ } 1 c r Y
$9.r`2
$14.86
19.
$24,49
$29.73
$47',36
$25,99
f i 1.
Page 39 Of 42
Step 2 -- Calculate the Impact o th Taxing D Rate on Residential H omesteads Taxes;
Taxing Total Taxing; T axing
Taxable District Mkt Value [district District
Market Tax Gross Hstd share of Net
Va le Capacitor T axing Credit C redit Tax
Proposed Pay 2010 Property Tax Impact W
Taxing iril: 1700 O Park Heights - GENERAL L & DEBT L
S te - Ca I late the Tax! n D1 strict' s Tax Rate - G enera I Levy & Debt Levy X10 - 13 & UVTA A dj.)
{ .5 ;
'4 ..
5 i [ {
F i 1
Actual
f
Prop
f
Chan
'
I Le before r .eduction for Stag. aids
$3
$3,,89
1. o
2 . S tat e Aids
$ 1 78 , 3 90
, 10 "
.0%
3 . Certified P Tax Levy
}
$3,657,86.
$3,789,464
3.6
4 . cal Disp arity P n of L evy
5
2, 5
M �., 06
4 .
Loca l NVyt
5 . cal P l + io 1 S.n Y //f M
#4 I Y Y
� I W 1 I Y
3,
. . ! is J�( JJJ j F TJM �: �
f_ t1p(ly ")�,
C� 1 360
1 1.%
- 4.5%
Local Tax Rate
38.732
41.994%
8 .4 %
Stop 2 - Calculate the I mpa ct of th Taxing District's Rate on Residential Homest Taxes.
8 . Assumes a - 7.5 % change in market value fr om 2009 t o 20 which is the city median change
9
♦ 14
12.
1 3 ,
14.
15.
16,
17.
1
1.
20.
21.
22,
2.
2 4.
25,
2.
27.
2.
29.
3.
3 1.
2 .
3
34.
Actua .%P y 2009
P y 2009
X -1
00.0 1.0 °«
rem @ 1,25%
( B12 x D) rem @ .09%
x %
555 ///
(F) - (H)
Estimated
Ta i t r i �,.+t rate % of total rat 4-
...................
4 Y
1 '77 4
' sa�S
7
T a x in g .
ax N
.w._... $123,76
tr.,. 5,
0.3%
1 1 62 2
rict
$2.2644
T ax
S/�7 y}}
/ x.62,200
216,300
' '.,S ha re 5
$837-7 Y
�•T 1 7.F 5..• . -
a a iI A� ' .
M1 _ 4 . # k � f + Y•. .. \ '
` 1.w irr i.i � 4
mot+ 4'4 J ,
i.4
9
♦ 14
12.
1 3 ,
14.
15.
16,
17.
1
1.
20.
21.
22,
2.
2 4.
25,
2.
27.
2.
29.
3.
3 1.
2 .
3
34.
Actua .%P y 2009
P y 2009
X -1
00.0 1.0 °«
rem @ 1,25%
( B12 x D) rem @ .09%
x %
555 ///
(F) - (H)
Estimated
Ta i t r i �,.+t rate % of total rat 4-
...................
4 Y
-7.5%
108,200:
1 , 000
$4 19.0 8
$275.02
.w._... $123,76
tr.,. 5,
0.3%
1 1 62 2
$628.4
$2.2644
$�., 1 -8
$,.. 26.3
/ x.62,200
216,300
2 $ 163
$837-7 Y
$177. I
$ F 9.98
$757,80
270,40Q
2
$1,
$
517
$989.25
324,400
3, 244
$x,256.48
$80.
$36.20
$1,220.28
4 32 1 500
4,325
$1,
$0. 00
$0,00
$1,675.17
540
5, 510
$2,134.15
$0.00
$0.00
$2,134.15
D
8
$3
$0.00
$0,00
$3,442.92
. ....
P y 2009
X -1
00.0 1.0 °«
rem @ 1,25%
B7 E 76,000 %
B12 x ) rem @ M%
(G) x
() -
E stimated Tax Di rate its o total rate:
45%
-7.5%
lo0,0o
1 , 000
$419494
$282.40
$127
$292.86
0.3%
x. , 500
$6
$2
$106
$523.09
• 150 ) 000
200 , 000
2, oo
,$8
$:92.40
$86-
.$ {•�/-�. 8 •� . 1
250,000
2
$1049.86
$147
$66 ++,. 3
y �. 83.53
300
,
$1,2
2.40
$46,08
$ 1,21, .75
40 0,000
�
{ Y Y
t�
1� Y! / +•; / LJ 4
$
5+ 5 8
t f # # 2 V
500,000
5,090
$2,099.
$0
$0.00
$2,099
7 50) 000
8j251
3,412.0
$0.00
$0. oo
$3,4 .2,
Increase
-$2.46
-$3.26
-$4.49
-$5472
-$6.52
$0. 97
..$84.43
- $30.86
Page 40 of 4
- 7
-7.6%
0,2%
2.7%
2,7%
- 0.8
-7.5%
-7.5%
0.3%
4. 8%
4,8%
. ()4 61
- 7.%
-745%
0.3%
8.3
3.3
-0.6
_7, 5%
- 7.5%
0.2�
1 27. 3 % 4 .2%
14.2
Y f� .
- 7.5%.
-
3
2 7.3%
~ 0 .
- 7 . 5%
-7.5%
�}0 V .
�/ � }f
�{ .0%
0.0
- 0.1 % -
-7.5%
- .3 o
- 1.6%
0.0
0,0%
-1.6%
- 7. 5%
- 8.6%
_0,9%
0.0
0.0%
- 0.9 %
Increase
-$2.46
-$3.26
-$4.49
-$5472
-$6.52
$0. 97
..$84.43
- $30.86
Page 40 of 4