HomeMy WebLinkAbout3. Truth in Taxation Hearing
CITY OF SHAKOPEE
2004 Property Taxes
1
Enterprise Funds
Utilitv Funds income to funds is use based rates.
Shakooee Public Utilitv
Created by referendum and is independent of
Council.
Sanitary Sewer Fund
Collects from land developers to install sewers and
from users to operate and maintain.
Storm Drainaae Fund
Collects from developers to build and from users to
operate and maintain.
Recreation Fund
Partial utility in that Council subsidizes a portion of
operations from general levy.
Other Funds which function to reduce peaks and
valleys in general levy.
Equipment Fund
Building Fund
2
1
City Share of 2003
Tax Dollar
School
Z4%
3
City Share of 2003
Tax Dollar
3'1?f>t!::iw'td'i!/raf<Dpeec
6fJf;OtJiier
I
23%,Sc/WPJs/IUbufaBon 3.7%SColt QjUJlV
4
2
Tax Capacity Rates Other
Taxing Jurisdictions
2003 2004
. City 33.939 32.160
. School 24.168 21.349
. County 38.554 36.599
. Other 6.034 5.178
5
Proposed Tax Rates
2004
New Prague 63.1 18
Jordan 54.209
Savage 51 .955
Prior Lake 34.432
Belle Plain e 62.464
Shakopee 33.821
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3
Determination of
Property Taxes
. Assessor - Est. Market Value
. State Legislature - Tax
Capacity
. City Council - Tax levy
. County - Spreads Levy
. County Treasurer - Collects
Taxes
7
Estimate Market
Value
Assessor
2002
$170,200
2003
$190,600
8
4
Homestead
Tax Capacity
Calculation
Legislature
170,200 X 1.0% = 1,702
190,600 X 1.0% = 1,906
9
Tax Capacity Rate
Levy / Total Tax Capacity
1,702 X .33939 = $577.64
1,906 X .33821 = $644.63
10
5
Tax Capacity Rate
Parts Residential (Est.)
Pav'03 Pav'04
TCR X Tax Caoacitv
City .33939 x 1706 $577.64
City .33821 x 1906 644.63
Fire Station
.0001394 x 170200 23.73
Fire Station
.0001186 x 190600 22.61
Market Value Credit (72.67) (70.07)
Total 528.69 597.16
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2004
Tax Statement
12
6
Changes in Market
Value 99 to 03
300000
250000
200000
150000
100000
50000
0
1999 2000 2001 2002 2003
1_255000 _145000 l1li146600 _126400 1
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General Fund Levy
Residential Parcels
1000
900
800
700
600
500
400
300
200
100
0
2000 2001 2002 2003 2004
196,900 227,700 253,300 255,000 285,600
122,400 125,300 133,400 145,000 162,400
117,700 122,900 136,600 146,600 164,200
100,700 105,900 117,600 126,400 141,600
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7
ReslCI Tax Comparison
Residential CommJlnd.
Pav'04 Pav'04
TCR X Tax Capacity
City .32160 x 1906 $612.97
City .32610 x 3062 $984.74
Market Value Credit (70.07)
Fire Station
.0001186 X 190600 22.61 22.61
Total $565.51 $1,007.35
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Tax Capacity
Pay '03 Pay '04
Gross Tax Capacity 24,963,920 28,451,662
Net Tax Capacity 20,790,689 23,895,840
Net of TIF & Fiscal Disp.
CI % of Tax Capacity 42% 38%
Homestead % of Tax 50% 52%
Capacity
Multiple Residence % of 4% 4%
Tax Capacity
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8
General Fund Levy
C/I Parcel
12000
10000
8000
6000
-
4000
2000
0
2000 2001 2002 2003 2004
1902,200 1,100,100 1,110,000 1,175,600 1,751,700 I
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City of Shakopee
2004
General Fund
Budget
18
9
CITY OF SHAKOPEE
2004 GENERAL FUND BUDGET SUMMARY
2003 2004
Revenue Estimate Estimate
Taxes $7,418,570 $7,427,060
Licenses and Permits 1,877,800 1,956,300
Intergovernmental 131,930 269,980
Charges for Service 875,800 848,300
Fines and Forfeits 240,000 260,000
Miscellaneous 241,000 200 000
Total Revenue 10785.100 10 961.640
Expenditures
General Government 2,934,405 3.174,720
Public Safety 4,914,130 5,659,210
Public Wol1<s 2,041,920 2,119,090
Recreation 744,500 729,250
Unallocated 320,000 183,000
Total Expenditures 10.954,955 11.865 270
Excess (deficiency) Revenues
over Expenditures (169,855) (903,630)
Other Sources 1,115,000 1,331,310
Other Uses (932,520) (946,180)
Excess (deficiency) Revenues
& Other Sources Over - -
Expenditures & Other Uses $ 12.625 $ (518.500)
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Use Of 2003
City Tax Dollar
Fire Ref. Debt
3%
20
10
Tax Levy Dollars
2003 Tax Lew 2004 Tax Lew ~
General Levy $7,370,936 $7,945,654 6.0%
EDA - General 60,000 60,000 (0.0%)
Debt Service 171.749 334,824 94.9%
Fire Relerendum 266.333 265 217 0.0"/0
Total $7,869,018 $8,605,695 9.4%
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City Nondebt
Tax Levy History
Year Levv Chanae
1998/99 3,299,882 23.7%
1999/00 3,239,220 -1.8%
2000/01 3,934,434 21.5%
2001/02 6,343,653 61.2%
2002/03 7,430,936 17.1%
2003/04 8,005,654 7.7%
22
11
General Fund
Budget Revenues
Taxes
8000000
7000000
6000000
5000000
400000o
3000000
2000000
1000000
0
23
General Fund Budget
2003 Revenues
Fees Misc. SPUC
Interg ov't 7% 2% 9%
1%
Fines
Licenses & 2%
Perm its
16%
Taxes
63%
24
12
General Fund Budget
2004 Revenues
FeesM lsc. SPuc
Intergov't 7% 2% 10%
2%
Licenses &
Permits
16%
25
General Fund
Expenditures
1112003 ill 2004 I
26
13
City Genera Fun
Budget
Dollar Use 2003
Police, Fire,
Insp.
41%
Council En9.,
1% Street,
Shop
17%
Admin.,
Clerk,
Finance,
Legal,
Planning,
General Unallocaled
Goy'l
Buildings 3%
Z4%
27
City General Fund
Budget
Dollar Use 2004
Police, Fire,
Insp.
44%
Eng.,
Council Street,
1% Shop
17%
Admin.,
Clerk,
Finance,
Legal, Park M aint,
Planning, Recreation
General Unallocaled Transfer
GOY'! 1% 13%
Buildings
24%
28
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Productivity Measures
for General Fund
Operations
~ ~ ~ ~
Population' 23,104 25,316 26,837 28,337
Households' 8,685 9,517 10,089 10,653
FTE Positions" 82.5 97 95.1 107.1
Firefighters 47 50 50 50
Pop. per Employee 280 261 282 265
Households per FT 105 98 106 100
Employee
Cost $/population 365 380 483 452
Cost $Ihousehold 970 1,011 1,086 1,114
. Estimates
.. Assumes all budgeted positions are filled and excludes
Recreation and EDA employees - paid from other funds.
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