HomeMy WebLinkAbout3.b. 2010 Budget Tax Levy
3. b.
CITY OF SHAKOPEE
Memorandum
TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: 2010 Budget Tax Levy
DATE: May 14, 2009
Introduction & Background
Below is a chart showing potential estimated budget numbers for 2010.
The tax levy for options of same tax rate, same tax levy and maximum
tax levy are shown and the resulting bottom line for those options.
The same tax burden would have a zero percent impact on the average
valued house.
The purpose is to give Council a sense of the magnitude of tax levy
options on the 2010 budget.
Requested Action
Discuss and give staff direction on the level of taxation to be used
for the 2010 budget.
Gregg Voxland
Finance Director
H:\Finance\budget\
Same tax
Total Same levy rate Max Levy
2009 2010 2010 2010
Revenues
Tax 13,046,190 12,784,190 12,144,981 13,266,190
Licenses/Permits 1,011,300 1,008,300 1,008,300 1,008,300
Intergovt 634,000 634,000 634,000 634,000
Charges for Service 1,906,200 1,906,200 1,906,200 1,906,200
Fines 510,000 274,500 274,500 274,500
Misc 569,300 51~,300 519,300 519,300
BP Reserve 360,000 360,000 360,000 360,000
Transfers in 1,913,400 1,987,850 1,987,850 2,456,280
Total Sources 19,950,390 19,474,340 18,835,131 20,424,770
Expenditures
Wages 8,958,160 8,835,630 8,835,630 8,835,630
Benefits 3,253,250 3,402,170 3,402,170 3,402,170
Supplies/Services 7,491,460 7,524,204 7,524,204 7,524,204
Misc 183,190 183,190 183,190 183,190
Capital 26,500 70,000 70,000 70,000
Transfers out 32,000 -
19,944,560 20,015,194 20,015,194 20,015,194
Net 5,830 (540,854) (1,180,063) 409,576
Allowance for delinquents upped to 3%
Impact on avg value house -2% -7% 3%