Loading...
3. Budget PresentationPublic Hearing 2015 Budget December 3, 2014  Purpose: to gather public comment on the City’s budget, and the property taxes needed to pay for the expenditures in 2015  Meeting held in each taxing jurisdiction (county, city, school district, etc.)  Mandated by State Legislature Assessor sets proposed property values as of January 1 for the following year taxes. Values are based on comparable sales. These values are sent to the County Auditor. Auditor then sends property specific notices to property owners notifying of the value change. Included in the notice is the information about the Board of Review meeting. City Council conducts Board of Review meeting in April of each year; this is when residents can question their proposed values. Values are then finalized and set for calculating the taxes. Preliminary levy amount used to calculate taxes in notices mailed in November City and other jurisdictions adopt levy and budgets in December. Tax rates are calculated by County based on the levies adopted by each jurisdiction.  June/July- staff and committees draft budgets August-council budget work sessions September 3rd -council adopts resolution certifying maximum tax levy (2.14% increase for 2015)  October-council budget work session November 5th-Planning Commission holds public hearing on 2015-2019 Capital Improvement Plan November- county mails proposed property tax statements December 3rd -public hearing on 2015 budget December 16th-council adopts 2015 budget  General Fund  Operating Budgets by Department Debt Service Funds  Streets, Equipment (Fire Hall/Public Works Paid off November 2014) Capital Funds  Capital Improvement, Park Improvement, Equipment Replacement, Local Road Improvement Enterprise Fund  201 Wastewater System, Uptown Wastewater System  Economic Development Authority Fund General Fund 57% Debt Service 8% Capital Funds 35% EDA 0% General Fund Debt Service Capital Funds EDA  Total Proposed Spending: $3,603,162 29% Increase compared to 2014 budget Increase is due to increase in Capital projects (Log House Landing, Tanker replacement, Quinnell Ave) General Fund spending is decreasing over 7% Debt Service decreasing over 16% $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 20 1 1 20 1 2 20 1 3 20 1 4 20 1 5 EDA Enterprise Fund Capital Fund Debt Service General Fund Personnel Services 18% Materials & Supplies 6% Contractual Services 27% Capital Outlays 35% Debt Service 8% Transfers 6%  Proposed Spending: $1,987,341 7.09% decrease over 2014 budget $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 Admin & Finance 18% City Council 1% Elections 0% Planning & Building 4% Police 6% Fire 14% Public works 52% Parks 3% Comm. Center 2% $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 2011 2012 2013 2014 2015 Personnel Services 31% Materials & Supplies 10% Contractual Services 48% Capital Outlays 0% Transfers 11% Codification Council chairs Netting expenses related to Planning applications Reduction in transfers to Equipment Replacement Fund from Fire and Public Works Tree Trimming and grubbing along “P” roads Permanent Part time Parks Maintenance position Additional Funds for Vinterfest  Proposed Spending: $294,628 16.27% decrease from 2014 budget Fire Hall Public Works Building paid off in November 2014! $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 2011 2012 2013 2014 2015 Debt Service  Proposed expenditures of $1,228,000 include:  $400,000 towards the improvements at Log House Landing ($100,000 from City) $12,000 seal coating of Community Center parking lot $36,000 for improvements at Lilleskogen (Grants/Donations, General Fund?)  Planning Commission Rec: $22k from General Fund $230,000 for Fire Tanker Replacement (Equipment Replacement Fund) $550,000 for reclamation of Quinnell Ave ($425,000 Local Road Improvement Fund, $125,000 County funds) Taxes 87% Licenses & Permits 3% Intergovt Revenues 1% Charges for Services 6% Fines & Forfeitures 1% Other 2% Property taxes, except: Sand and Gravel Tax $21,802 revenue to Public Works Budget 2014 2015 General Fund $1,620,464 $1,564,818 Debt Service $327,506 $272,691 Capital Fund $222,104 $375,000 EDA $1,000 $5,000 Total Levy $2,171,074 $2,217,509 Shift funds from Equipment Replacement and Capital Improvement to Local Road Improvement $127,704 in 2014 increased to $345,000 in 2015 to LRIF $2,013,651 $2,055,174 $2,171,074 $2,171,074 $2,217,509 $1,900,000 $1,950,000 $2,000,000 $2,050,000 $2,100,000 $2,150,000 $2,200,000 $2,250,000 2011 2012 2013 2014 2015 Levy Year Payable Levy $ Increase % Increase 2011 $2,013,651 $95,004 4.95% 2012 $2,055,175 $41,523 2.06% 2013 $2,171,074 $113,514 5.64% 2014 $2,171,074 $0 0% 2015 $2,217,509 $46,435 2.14% 2015 Median Tax Value (Homestead): $297,450 Increase in value of 20% compared to 2014 Median Increase in Tax of $293 $271 in Forest Lake School District $489 in Chisago School District 1,172 parcels will see an increase, 65 will see a decrease 2015 Median Tax Value (Commercial/Industrial/Utility): $130,550 No change in value from 2014 Total Tax decrease of $210 (5.8) 52 properties will see decrease, 2 an increase (one less than 2.5 %, the other over 20%-Zavoral Mine?) 33.57 35.78 37.29 40.94 34.61 0 5 10 15 20 25 30 35 40 45 2011 2012 2013 2014 2015 Rates Values Increase by 20% but levy increase is 2.14% so rate drops Will also be affected by: Valuation changes different than median Classification changes Homestead Market Value Exclusion School district differences, levy referenda Watershed district differences Other taxing districts (Metro Council, Mosquito Control, County HRA, Transit) Open hearing for comments and questions Adoption of 2015 budget and tax levy, and 2015-2019 Capital Improvement Program (CIP) at regular Council meeting on Tuesday, December 16, 2014 (7:00 p.m.)