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HomeMy WebLinkAbout4. 2007 General Fund Budget Summary - ; - I ..' Gregg Voxland From: Geis, Cindy [CGeis@co.scott.mn.us] Sent: Monday, August 07, 200612:38 PM To: Gregg Voxland Subject: RE: Average 2006 EMV LMV 2007 EMV LMV & .'1--rO Average Value 222,873 220,437 Average Value 237,362 234,053 Median Value 201,100 201,100 Median Value 215,800 213,300 Cynthia M Geis Scott County Auditor Phone: (952) 496-8167 Fax: (952) 496-8135 From: Gregg Voxland [mailto:GVoxland@ci,shakopee,mn.us] Sent: Monday, August 07,200612:33 PM To: Geis, Cindy Subject: RE: Average Would you please update this? Gregg Voxland Finance Director City of Shakopee 952-233-9326 From: Geis, Cindy [mailto:CGeis@co,scott,mn.us] Sent: Thursday, October 13,2005 1:23 PM To: Gregg Voxland Subject: RE: Average 2005 2006 Average Value 213,329 208,652 Average Value 218,136 215,595 Median Value 195,200 175,100 Median Value 201,100 201,100 Cynthia Geis Scott County Auditor (952) 496-8167 8/8/2006 1(/f , CITY OF SHAKOPEE 2007 GENERAL FUND BUDGET SUMMARY 2003 2004 2005 2006 2007 Actual Actual Actual Estimate Estimate Revenue Taxes $6,972,300 $7,326,802 $8,741,111 $9,379,850 $10,691,300 Special Assessments 15,570 (6,786) 2,893 2,000 Licenses and Permits 3,227,264 3,197,690 3,177,521 2,813,000 1,429,700 Intergovernmental 535,329 364,979 434,212 285,000 340,000 Charges for Service 1,491,614 1,574,648 1,573,955 1,087,660 1,663,800 Fines and Forfeits 239,588 255,763 277,774 267,000 280,000 Miscellaneous 271,657 189,375 287,649 201,000 277,000 Total Revenue 12,753.322 12,902,471 14,495,115 14,033,510 14,683,800 Expenditures General Government 2,412,918 2,954,466 2,860,321 3,428,680 3,461,570 Public Safety 4,736,516 5,501,744 6,157,834 7,282,680 8,721,020 Public Works 1,697,113 1,950,315 2,328,863 2,740,710 2,881,420 Recreation 669,570 793,082 912,955 1,171,530 1,302,760 Miscellaneous 317,167 160,000 214,000 Total Expenditures 9,833,284 11,199,607 12,259,973 14,783,600 16,580,770 Excess (deficiency) Revenues over Expenditures 2,920,038 1,702,864 2,235,142 (750,090) (1,896,970 ) Other Sources 1,115,000 1,322,647 1,373,132 1,625,000 1,603,130 Other Uses (932,520) (1,408,191 ) (1,175,986) (1,318,110) (1,336,000) Excess (deficiency) Revenues & Other Sources Over Expenditures & Other Uses $3,102,518 $1,617,320 $2,432,288 ($443,200) ($1,629,840) Reserved Fund Balance (1,479,000) Fund Balance December 31 $5,644,819 $7,246,854 $9,679,142 $7,756,942 $6,127,102 tax rate 33.939 32.433 31.115 30.974 31.087 800 MHZ i(1!~f~tiI~!a~f!~@!~ underspend @ 4% 663,231 1,128,231 (501,609) 1 point in tax rate = $360,000 8 new employees = $500,000 City of Shakopee 1 Park, 1 Street, Eng GIS, 5 Police Page 1 8/8/2006 ~ "" > 2007 GENERAL FUND BUDGET - REVENUES 2004 2005 2006 2006 2007 ACTUAL ~ 6/30/2005 ill EST. Depart Account Head Code Taxes Gregg 1000-4011 Current Ad Valorem $ 6,591,538 $ 7,851,057 $ 4,515,619 $ 8,270,040 Gregg 1000.4030 Tax Increment 6,675 Gregg 1000.4015 Fiscal Disparities 524,524 677,034 411,336 887,410 955,800 1000.4020 Mobile Home 367 441 227 400 400 Gregg 1000.4040 Aggregate Tax 5,847 8,000 3,664 12,000 8,000 Gregg 0157.4050 Lodging Tax 197,852 203,867 61,072 210,000 210,000 Total Taxes 7,326,803 8,740,399 4,991,918 9,379,850 10,691,300 Gregg 1000.4110 Special Assessment (6.786) 2,892 14,558 2.000 Licenses & Permits Gregg 1000.4203 Track Franchise 9,764 11,535 11,000 12,000 Judy 0131.4220 Liquor Licenses 95,714 104,280 111,691 105,000 112,000 Judy 0131.4230 Beer Licenses 3,880 4,929 3,414 3,500 4,000 Judy 0131.4240 Cigarette licenses 7,308 7,742 262 7,500 7,700 Judy 0131.4242 Dog Licenses 1,124 2,953 1,766 1,000 3,000 Judy 0131.4284 Misc. Business Permits 12,722 1,275 11,000 1000.4290 Misc. Non-Bus. Lie. 9,577 8,000 Total Licenses 127,367 144,161 118,408 136,000 149,700 0333.4251 Building Permits 1,471,562 1,659,322 484,078 . 1,300,000 700,000 0332.4259 Plan Review 875,581 673,137 176,107 775,000 300,000 0334.4261 Plumbing Permits 153,037 134,272 36,782 125,000 75,000 0334.4265 Mechanical Permits 172,325 238,967 36,343 150,000 80,000 0331.4267 Electric Permits 134,710 125,637 42,114 125,000 80,000 0333.4821 Re-inspection 13,349 8,977 2,644 5,000 0333.4272 Sewer Permits 44,444 40,801 9,746 35,000 20,000 0334.4274 Fire Permit Rev 38,728 33,481 12,775 27,000 20,000 Woodland Mgt 4,159 0411.4280 Street Opening Permits 162,428 118766 27329 140,000 75000 Total Permits 3,070.323 2.914,594 800,589 2,677,000 1,280,000 Interaovernmental 0311.4411 Grants - Fed - COPS 83,452 131,305 74,593 70,000 65,000 1000.4450 State Grants & Aids ~r~~rtfrr[W;'lZ~~g~g, 18,756 4.124 10,000 Gregg 1000.4452 Local Government Aid Gregg 1000.4453 HACA 711 Gregg 1000.4455 PERA Aid 18,170 11,933 19.000 22,000 Gregg 0311.4465 Police State Aid 181.935 208.658 185,000 225,000 1000.4468 Low Income Housing Gregg .4482 County Grants/Aid 7,115 14,295 25,000 7,000 8,000 Lv .", .. > 2004 2005 2006 2006 2007 ACTUAL Actual 6/30/2005 EST. EST. 0311.4490 Local Grants/Aids 4,178 49,265 ---:1,000 1~'!Iill:.1jj;\{Qrdo:df~ Total Intergovernmental 364,979 434,923 103,717 285,000 340,000 Charaes for Service Gregg 1000.4511 Administrative Fee 169,268 166.481 5,922 130,000~::;;:::~rH~!~Q\Q~Qll];t Gregg 1000.4513 Sale of Documents 8,957 5,949 10,192 8,000 8,000 Gregg 0411.4516 Assessment Search 2,105 1,270 875 1,300 1,500 0131.4518 Release of Dev. Agreeme 360 320 100 360 300 Michael Comprehensive Plan Fee Michael 0171.4576 Land Division Administrati 10,824 12,479 6,600 12,000 220,000 Michael 0171.4578 Land Use Administration 42,051 37,689 18,820 46,000 46,000 0311.4642 Misc. Police Services 53,675 114,711 29,450 60,000 180,000 Gregg 0321.4660 Fire Calls & Contracts 67,127 69,963 95,060 67,000 95,000 Gregg 0311.4655 Pound Fines & Fees 4,610 1,110 3,000 0311.4643 Valleyfair 35,194 36,829 34,274 35,000 36,000 Bruce 0421.4680 Misc. Public Works 7,503 8,050 3,850 6,000 8,000 Bruce 0421.4684 Signs 6,210 15,390 2,160 8,000 8,000 o .4751 Refuse Charges 9,616 10,003 8,791 11,000 11,000 Bruce 0411.4620 Engineering Services 931,326 944,392 363,868 600,000 850,000 Bruce 0411.4630 Engineering Grade Fee 225,822 149,318 5,891 100,000 100,000 Total Charges for Svs. 1,574,648 1,573,954 585,853 1,087,660 1,663.800 Fines and Forfeits Gregg 0161.4821 Fines 255,763 277,774 162,511 267,000 280,000 Miscellaneous Gregg 1000.4850 Miscellaneous 50,741 73,856 7,810 50,000 55,000 Gregg 1000.4833 Interest 136,758 200,727 83,412 150,000 220,000 Gregg 1000.4840 Rent 1,876 5,017 236 1,000 2,000 N/A Contributions 8,050 6,625 Total Miscellaneous 189,375 287,650 98,083 201,000 277,000 Total Revenues 12,902,472 14,376.347 6,875,637 14,033,510 14,683,800 Other Sources 1000.4855 Sale Of Assets 1000.8010 Transfers 156,309 ~~~~~~,~~~~~e~ Gregg 1000.8011 SPUC Contribution 1,186,251 1,373,132 1,115,000 "'A'".~'i15~.QI'!ilOQer" Total Other Sources 1 ,342.560 1,373,132 - 1,115,000 1.603,130 Grand Total 14,245,032 15,749.479 6,875,637 15,148,510 16,286,930 ~ s- o 1 Ir.itv of Shakon!'! JWH?OOA Ip~v 06 tax I!'!vv MfnR 06/07 Gtlner::!ll I e\/V 1 0 024.26~ -11 30n 000 1 275737 12.7% I rl!'!ht Sl>l'\Ii"'l> 1995A Imn 61.569 170319 1996A Imn 62 72R 91 256 61 701 91 701 199781mo 29 757 59_757 29477 29477 19988 Imn 62519 62.519 62 597 62 597 2000A Imo 55 298 55 298 55 858 55.858 2002A lmn 95 891 95.891 98-569 98-569 2004C Imn 147185 1471R5 146 075 146075 2006A Imo 343 026 343 026 2004D PW huildinn fbuildinn f 469 967 469 967 469-040 2nn4B Firl'l Rl'lfi'lrl'lndllm 2507R1 250_7R1 ?AA AAO Total Debt Service 6A2~ fl27 303 145 078 21.3% I COPS 2003 match inn I""" 0 PERA increasA lew 0 Certainteed levvfor tax abatelT ent 29 000 0 Rvan Abatement 7548 0 317000 Total Levv 10 681 136 12163.851 1 482715 13.9% Fiscal Diso Dist Net Levy to spread 9,793,730 11,208,047 1,414,317 14.4% Market Value l"ut 0,3fif{ti::~:\%'(~60l2aa): Allowance for Uncoil. i21jR2~\ C/4:i ___ ' f 8udaet Amount Q n1QRIT 1" UtA r::f't7 1.384 663 r=IInrl (net 8.?77 R19 (net) 9517.204 1 239 585 15.0% EDA - citv levv 00000 60000 Debt Servir.e 682 225 -827.303 145 078 LEVY06-07A.XLS LEVY06-07 1:19 PM 8/8/2006 City of Shakopee ESTIMA TED ESTlMA TED ESTlMA TED ESTlMA TED Pay 2007 Tax Cap TIF Fiscal Disparity Taxable NTC Ref Market Val Shakopee 41,537,000 (433,297) (5,049,204) 36,054,499 3,382,962,550 Levy Gross Fisc Disp Dist Spread Taxable NTC Est TC Rate Net Tax Cap Based 11I_ $ (955,804) $ 11,208,096 36,054,499 31.087% 2006 2007 % (+/_) NTC Levy over 2006 Levy Ref MV Est MV Rate $ 10,681,136 13.882% Market Value Based __ $ - $ 250,781 3,382,962,550 0.00741% 2007 Impact of Levy assuming 6.17% market value increase over pay 2006 TAX IMPACT 2007 Estimated Estimated Estimated Estimated Estimated % $$ Value Tax Capacity NTC Tax Rate NTC Tax MV Rate MV Tax MV Credit 2007 Total Tax Tax Inc/dee Tax Inc/dec 175,181 1,752 31.087% $ 544.58 0.00741% $ 12.99 $ 68.72 $ 488.85 8.814% $ 39.60 201,723 2,017 31.087% $ 627.09 0.00741% $ 14.95 $ 61.07 $ 580.97 8.304%. $ 44.55 267,548 2,675 31.087% $ 831.72 0.00741% $ 19.83 $ 42.11 $ 809.43 7.550% $ 56.82 318,510 3,185 31.087% $ 990.14 0.00741% $ 23.61 $ 27.44 $ 986.31 7.209% $ 66.32 2006 . Value Tax Cap NTC Tax Rate NTC Tax Ref MV Rate MV Tax MV Credit 2006 Total Tax 165,000 1,650 30.974% $ 511.07 0.00848% $ 13.99 $ 75.81 $ 449.25 190,000 1,900 30.974% $ 588.51 0.00848% $ 16.11 $ 68.19 $ 536.42 252,000 2,520 30.974% $ 780.54 0.00848% $ 21.37 $ 49.30 $ 752.61 300,000 3.000 30.974% $ 929.22 0.00848% $ 25.44 $ 34.67 $ 919.99 Cindy Geis County Auditor