HomeMy WebLinkAbout2. 2009 Budget and Levy Parameters CITY OF SHAKOPEE
Memorandum
TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: 2009 Tax Options
DATE: May 27, 2008
Introduction
Attached are two schedules showing the options for the tax levy of; A =
same dollar levy, B = same tax rate, C = 3.9 percent increase in levy
and D = maximum increase in tax levy (levy limit).
The other schedule show the impact of the options on the sample parcels
that the city has been tracking.
CITY OF SHAKOPEE 2009
General Fund Totals
$ - $ 350,498 $ 506,275 $ 800,953
Option Option Option Option
_A 6 C D
Revenues 100.000% 102.700% 103.900% 106.170%
Tax $ 12,981,410 $ 13,331,908 $ 13,487,685 $ 13,782,363
Licenses/Permits 820,000 820,000 820,000 820,000
Intergovt 559,000 559,000 559,000 559,000
Charges for Service 625,880 625,880 625,880 625,880
Fines 442,900 442,900 442,900 442,900
Misc 405.000 405,000 405.000 405,000
BP Reserve 100,000 .100,000 .100,0100 100,000
Transfers in 1,892,200 1,892,200 1,892,200 1,892,200
Total Sources 17,826,390 18,176,888 18,332,664 18,627,342
Expenditures 495,136 495,136 495,136 495,136
Wages 10,810,466 10,810,466 10,810,466 10,810,466
Supplies/Services 6,577,287 6,577,287 6,577,287 6,577,287
Misc 193,766 193,766 193,766 193,766
Caital - - - -
Transfers out 1,206,140 ~ 1,206,140 1,206,140 1,206,140
Total uses 18,787,659 18,787,659 18,787,659 18,787,659
Net (961,269) (610;771) (454,994} (160,316)
GF Fund Balance 6,360,506 6,711,004 6,866,781 7,161,459
34% 36% 37°l0 38%
Assumptions
No increase in development activity
MVHC not icluded for either year
No new fees or sources of revenue
Franchise tax not implemented
Expenditure increases as per the percentages shown
St Aid -Hwy Maintenance included
Cable Franchise $100,000 included
Option A =same dollar levy
Option B =same tax rate
Optioin C = 3.9% increase in levy $
Optioin D =maximum levy $
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General Fund Function 2008 I
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Public Works 22% \
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Public Safety \
47%
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General Fund by Object 2008
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I 2%
I Communications
1%
Services
11%
Supplies Recreation Fund
7% 6%
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I Wage/benefits
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I 56%
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