Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
CITY OF SCANDIA WORKING DRAFT PRESENTATION
CITY 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