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CITY OF SCANDIA WORKING DRAFT PRESENTATIONCITY OF SCANDIA WORKING DRAFT OF 2020 BUDGET IMPACT ON PROPERTY TAXES CITY PROPERTY TAX LEVY $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 I 2018Actual 2019 Projected 2019 Budget 2020 Budget ■ Economic Development Authority $800 $5,000 $5,000 $5,000 ■ Local Road Improvement $725,050 $378,930 $378,930 $436,516 ■ Equipment Replacement $30,000 $30,000 $30,000 $30,000 ■ Park Capital Improvement $- $- $- $30,000 ■ Capital Improvement Fund $- $- $- $- ■ Debt Service Fund $152,202 $501,350 $501,350 $498,730 ■General Fund $1,322,274 $1,342,592 $1,342,592 $1,475,800 CHANGES IN MARKET VALUE AND TAX LEVY $90010001000 $800,000,000 $700,000,000 $600,000,000 $500,000,000 $400,000,000 $300,000,000 $200,000,000 $100,000,000 $- 2017 Actual 2019 Projected 2019 Budget 2020 Budget ■Estimated Market Value $642,093,600 $688,540,700 $688,540,700 $769,122,200 ■Taxable M arket Value $607,449,800 $655,957,100 $655,957,100 $734,450,800 ■Levy Amount $2,257,872 $2,257,872 $2,257,872 $2,476,046 $2,500,000 $2,000,000 $1,50DAM z 0 0 a a $1,000p00 J $500,000 s TAX LEVY TOTAL AND LEVY PER $1,000 OF TAXABLE MARKET VALUE $2,000,000 $1,500,000 $1,000,000 $500,000 $4.00 $3.50 $3.00 $2.50 a 0 0 $2.00 0 a $1.50 $1.00 $0.50 2018 Actual 2019 Projected 2019 Budget 2020 Budget ■Levy Amount $2,257,872 $2,257,872 $2,257,872 $2,476,046 ■Levy/$1,000 oftaxable marketvaluation $3.67 $3.44 $3.44 $3.37 $4.00 $3.50 $3.00 $2.50 a 0 0 $2.00 0 a $1.50 $1.00 $0.50 SUMMARIES BY FUND GENERAL FUND $2,500,000 $2,000,000 $1,500,000 rrr rrr $500,088 GENERAL FUND SUMMARY 2018Actual 2019 Projected 2019 Budget 2020 Budget O Fund balance -12/31 $1,643,215 $1,126,701 $1,146,245 $1,126,701 Revenue $1,869,626 $1,681,547 $1,641,592 $1,773,400 Expenditures $1,941,421 $2,198,060 $2,138,562 $1,773,400 Target Fund balance - 65% of net $1,001,923 $1,390,065 $1,152,710 expenditures tTarget Fund balance - 50% of net $770,710 $1,069,281 $886,700 expenditures GENERAL FUND REVENUE SUMMARY $2,000,000 $1,800,000 $1,6009000 - $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 2018Actual 2019 Projected 2019 Budget 2020 Budget ■ Other Income and Transfers in $31,274 $7,100 $8,000 $8,500 ■ Fines &Forfeitures $9,517 $10,000 $10,000 $10,000 ■ Charges for Service $59,962 $59,810 $63,200 $58,700 ■ Intergovernmental Services $118,453 $73,145 $70,200 $72,500 ■ Licenses and permits $300,274 $173,900 $132,600 $132,900 ■Other Taxes $27,872 $15,000 $15,000 $15,000 III Property Taxes $1,322,274 $1,342,592 $1,342,592 $1,475,800 GENERAL FUND TAX LEVY 2018Actual 2019 Projected 2019 Budget 2020 Budget ■ Community Center $36,300 $39,800 $39,800 $37,800 ■ Parks & Recreation $60,200 $73,800 $73,800 $73,300 ■ Public Works $621,420 $652,800 $652,800 $675,400 ■Fire $196,900 $180,100 $180,100 $192,000 ■Police $127,200 $136,000 $136,000 $142,800 ■ Planning & Building $1,300 $- $- $8,700 ■ Elections $6,200 $2,200 $2,200 $6,400 ■City Council $19,500 $31,000 $31,000 $21,000 ■ Administration & Finance $253,254 $226,892 $226,892 $318,400 GENERAL FUND EXPENDITURE SUMMARY BY OBJECT $2,500,01 $2,000,00 $1,500,000 $1,000,000 $500,000 r 2018Actual 2019 Projected 2019 Budget 2020 Budget ■Transfers $423,500 $441,962 $441,962 $3,000 ■Capital Outlay $10,026 $6,000 $6,000 $4,000 ■ Contractual Services $744,554 $866,998 $805,800 $838,750 ■ Materials &Supplies $116,142 $173,900 $173,900 $173,550 ■ Personal Service $647,199 $709,200 $710,900 $754,100 GENERAL FUND EXPENDITURE SUMMARY BY DEPARTMENT $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 2018Actual 2019 Projected 2019 Budget 2020 Budget ■Transfer $423,500 $441,962 $441,962 $3,000 ■ Community Center $44,357 $461800 $461800 $44,800 ■ Parks & Recreation $65,851 $82,598 $85,100 $76,700 ■ Public Works $524,134 $674,384 $661,000 $689,500 ■ Fire $226,039 $260,816 $262,400 $275,800 ■ Police $136,077 $136,000 $136,000 $142,800 ■ Planning &Building $160,672 $147,300 $119,200 $133,700 ■ Elections $5,467 $2,200 $2,200 $6,400 ■City Council $18,904 $31,000 $31,000 $21,000 ■ Administration & Finance $336,420 $375,000 $352,900 $379,700 OTHER FUNDS $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 CABLE FRANCHISE FUND 2018Actual 2019 Projected 2019 Budget 2020 Budget O Fund Balance $5,152 $4,436 $5,652 $15,736 ■Revenue $9,471 $17,760 $18,000 $18,000 ■Expenditures $4,319 $18,475 $17,500 $6,700 $35,000 $30,000 $25,000 $211,000 $15,000 $10,000 $5,000 S Fund Balance Revenue ■Expenditures ECONOMIC DEVELOPMENT AUTHORITY L L -mL 2018Actual 2019 Projected 2019 Budget 2020 Budget $21,294 $25,494 $25,494 $29,694 $27,477 $5,000 $5,000 $5,000 $15,909 $800 $800 $800 $600,000 $566,666 $466,666 $700,000 $266,666 $100,000 DEBT SERVICE FUND SUMMARY r 2018 Actual 2019 Projected 2019 Budget 2020 Budget O Fund Balance $38,961 $67,178 $67,178 $89,927 0Revenue $152,366 $501,350 $501,350 $498,730 ■Expenditures $160,014 $473,133 $473,133 $475,981 $4,200,000 $1,000,000 $600,000 $600,000 $900,000 $m0,000 CAPITAL IMPROVEMENT FUND r 2018 Actual 2019 Projected 2019 Budget 2020 Budget O Fund Balance $627,796 $1,076,404 $1,066,558 $849,904 0 Revenue $448,884 $668,462 $670,962 $33,500 ■Expenditures $224,691 $219,854 $232,200 $260,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 EQUIPMENT REPLACEMENT FUND r 2018Actual 2019 Projected 2019 Budget 2020 Budget 0 Fund Balance $276,977 $242,779 $242,779 $60,779 ■ Revenue $57,052 $41,000 $41,000 $41,000 ■ Expenditures $257,877 $75,198 $75,198 $223,000 $200,000 $150,000 $100,000 $50,000 PARK CAPITAL FUND r 2018 Actual 2019 Projected 2019 Budget 2020 Budget O Fund Balance $104,615 $117,510 $94,095 $115,890 ■ Revenue $115,772 $163,425 $186,820 $72,280 ■Expenditures $1,412 $150,530 $197,340 $73,900 $5,000,000 $4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 Fund Balance Revenue ■ Expenditures LOCAL ROAD IMPROVEMENT FUND 2018Actual 2019 Projected 2019 Budget 2020 Budget $1,363,159 $1,374,799 $1,374,799 $1,174,815 $4,580,396 $379,930 $379,930 $437,016 $4,672,273 $368,290 $368,290 $637,000 $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 s $(20,000) Cash Balance Revenue Expenditures 201 SEWER FUND 2018Actual 2019 Projected 2019 Budget 2020 Budget $103,812 $)61393) $29,887 $49,132 $87,037 $89,206 $90,900 $140,000 $98,412 $139,111 $139,525 $134,175 UPTOWN SEWER FUND $25,000 $20,000 $15,000 $10,000 $5,000 s 2018 Actual 2019 Projected 2019 Budget 2020 Budget ■ Cash Balance $9,347 $6,637 $4,988 $8,543 ORev nue $21,444 $21,347 $20,800 $21,840 ■Expenditures $17,406 $20,797 $21,897 $22,172