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Home My WebLink About7.B. 2009/2010 Tax Levy and Operating Budget CITY OF SHAKO PEE Memorandum TO: Mayor and Council Mark McNeill, City Administrator FROM: Gregg Voxland, Finance Director SUBJ: 2009/2010 Tax Levy & Budget Hearing DATE: November 20, 2009 Introduction & Background Council has scheduled a public hearing on the 2009/2010 tax levy and budget for December 1st, 2009. Adoption of the tax levy and budget is planned for December 15, 2009. Action Hold the public hearing to accept public comment. tJJ. Gr~g Voxland Finance Director H,\Finance\budget\ '7.BJ SHAKOPEE CITY OF SHAKOPEE 2010 Property Taxes and Budget (N ot Property Values) 1 SHAKOPEE scon COUNTY Oepartment !'If Taxatl(lo 20(l4t1l Avenue West $ilak<lpee, MN 5537g,. 1 2:l0 WWW.CO.scotl.mn.U$ lMf'OfffANT INfOnMAi'lON IS PRINn,p ON THE BACK OF THIS FORM 11lIJllmlllltllhll'IIlI,11l11l1t1lIbllllhll'II.IIIIIIIIII,1I Property 10: 272140570 f'rq;a;\y Addl"esa: Sl"iAKUI'I:l;; Mil ~19 Taxpayer: SHAKOPEE MN 55m.3923 Taxes Payable in 2009 Legal Oe$(;rlptiOl'l: PINtWOOD ESTATES CIe lOO1llAl 002llio<k I.lll PropErly Res H$ld' Cla~: Taxable Malke! Valw: TaxelO Payable in 2010 Restlsld 23$,100 238,700 GeneIaITex SUdget !l!'ld Tax Hearing -----~~~~'1 (g52~ ~-$1$1 74t11 O4lCemlMlr t 2OIl9 Toll() P.M. Sh~OiIy HIIlI 129 HI:Ilme$ SI S Shll<<lllea.~ 55119 (9S21233-9>>~ NlEEll00 REQUIRE!) COlMlY 2004AVEW $HAl(OPeE MN 5531'$.1220 000 CITY OF SHAKOPeE 129 HOLMES Sf!> SHAKOPEfE MN 55319-9625 ISD 0120 StlAKOI'EE ISO 120 50S HOWESST S SIiAKOPEE MN 55319 \ 1 VW'____i>Mld._Oltlle_9""'"I_" : ~""~__I:lW,.._,,,._d_.-__-"":: : ...tor1l110"""'to,..._'""__......._....."""'" ' O4lCemlMlr 14. 2OIl9 7:ooP,NI. c.nIrIIl FlI!lIy~Rocm 50S Holn\l$ StS SItalcqlee. Mil 55179 (9S2) ..5011 SCHOOl-VOTER APPROIIED j SCHOOL{l1tiElll.OCAl. LeVIES': 7393$ 14$.112 51MO 132.56 Ikto Special TIIliIlg 0iDic1S ~R.OPOUTAN COUNCIL 390 ROllERT ST N SAINT PAut. MN5S101-1&aS 5S.11 5U7 O4lCemlMlr 9, 2009 6;00 P.M. ~lIlnC:IllIIICllIOlbs 390 ~StN St Peul. MN 55101 lti$116G2.1446 NOETIM) RE.O\JIRED r_ Oill'lI'ify Tax 0,(10 0.(10 1.1% 0Illttr SpeciiIl Thing DislIictB TlIlt InmmlllltIax 55.29 0.00 4$.&9 1),(10 $ 2,465.72 $ 2.314.00 2 SHAKOPEE Agenda .:. How property taxes are calculated .:. How Shakopee compares .:. Taxation trends .:. 2010 Budget .:. Value received .:. Questions 3 SHAKOPEE Calculation of Property Tax o Assessor - Est. Market Value o State Legislature - Tax Capacity o City Council- Tax levy dollars o County - Spreads Levy o County Treasurer - Collects Taxes o http://www.co.scott.mn.us 4 SHAKOPEE Gross Tax Capacity Net Tax Capacity Net of TIF & Fiscal Disp. CI % of Tax Capacity Homestead % of Tax Capacity Average EMV house City tax net Tax Capacity Pay '09 Pay '10 47,170,277 45,978,172 40,940,626 39,313,800 34% 560A> 37% 510A> 259,800 792 246,700 764 -4.00/0 -5.0% -3.4% 5 SHAKOPEE Agenda .:. How property taxes are calculated .:. How Shakopee compares .:. Taxation trends .:. 2010 Budget .:. Value received .:. Questions 6 SHAKOPEE County 34% City Share of Tax Dollar School 28% Other 5% City 33% 7 SHAKOPEE Tax Capacity Rates Other Taxing Jurisdictions o City o School o County 2009 32.630 27.274 32.684 Proposed 2010 33.3998 31.1914 33.1213 8 SHAKOPEE Proposed Tax Rates 2010 Proposed 2009 2010 Belle Plaine 54.023 61.221 New Prague 52.677 58.837 Jordan 52.736 60.910 Savage 46.013 47.472 Elko New Market 36.967 39.588 Shakopee 32.630 33.400 Prior Lake 27.947 29.389 9 SHAKOPEE Proposed Tax Rates Savage Elko New Market Shakopee Prior Lake New Pra ue 0.000 10.000 20.000 30.000 40.000 50.000 60.000 70.000 10 SHAKOPEE Fiscal Disparities 2010 Belle Plaine Valuation $1 ,152,060 New Prague N/A Jordan 668,130 Prior Lake 926,587 459,695 1 ,582,256 (1 ,654,442) Savage Elko New Market Shako pee 11 SHAKOPEE Ae:enda .:. How property taxes are calculated .:. How Shakopee cOll1pares .:. Taxation trends .:. 2010 Budget .:. Value received .:. Questions 12 SHAKOPEE Change In Market Value Sample Residential Parcels 700,000 100,000 600,000 500,000 400,000 300,000 200,000 2006 2007 2008 2009 2010 13 SHAKOPEE Tax Rate Trend 60 55 50 45 QJ 40 ""' ~ ~ 35 30 25 20 15 10 2005 2009 -,- -, 2006 2010 2007 2008 Year 14 SHAKOPEE Tax Levy Dollars 2009 Tax Levy 2010 Tax Levy % Chanoe General Levy $13,652,000 $13,819,194 1.20/0 EDA - General 60,000 0 (100.00/0 ) Debt Service 1.005 .438 898.244 (10.70/0) Tax Capacity Levy 14,717,438 14,717,438 0.00/0 Fire Referendum 246.239 201.227 (18.3%)) T atal Levy ~14.963.677 $14.918.665 (0.3% ) 15 SHAKOPEE City Non-debt Tax Levy History Year 2005/06 2006/07 2007/08 2008/09 2009/10 Levy $9,998,811 11,651,697 13,102,083 13,712,000 1 3,81 9, 1 94 Chan~ 10.5% 16.5010 12.40/0 4.7% 0.80/0 16 SHAKOPEE Ae;enda .:. How property taxes are calculated .:. How Shakopee cOlllpares .:. Taxation trends .:. 2010 Budget .:. Value received .:. Questions 17 SHAKOPEE Funds General Fund - main operating fund Special Revenue - EDA & Transit Debt Service - special assessment & taxes Capital Projects - roads, buildings, parks Utility Funds - revenue from user fees Internal Service - function to reduce peaks and valleys in general levy. Equipment Fund Building Fund Park Asset Fund 18 SHAKOPEE Operating Budget Process starts in May/June Council has public meetings in July- September to set preliminary tax levy and budget Budget work continues in October and November Public hearing in December and adoption of tax levy and budget 19 SHAKOPEE Use Of 2010 City Tax Dollar Fire Ref. Debt 101'0 Operations 9301'0 Debt Service 6% 20 SHAKOPEE City of Shako pee 2010 General Fund Budget 21 SHAKOPEE General Fund Budget Notes 2010 Total Sources down .50/0 Total Uses down .9% Staffing Reductions o 1 Engineering o 1 Natural Resources o 1 Custodian Recreation & Telecomm. Funds merged 22 CITY OF SHAKOPEE 2010 GENERAL FUND BUDGET SUMMARY 2009 2010 Revenue Budget Estimate Taxes $13,299,310 $13,483,010 Licenses and Permits 683,300 1,028,800 Intergovernmental 634,000 608,260 Charges for Service 886,600 1,880,040 Fines and Forfeits 430,000 381,000 Miscellaneous 451.300 424.950 Total Revenue 16.464.510 17.806.060 Expenditures General Government 3,483,660 3,265,110 Public Safety 8,993,320 9,257,200 Public Works 2,741,920 2,708,230 Cu Iture/Recreation 1,962,200 4,382,240 U nallocated 150.000 155.000 Total Expenditures 17.334.100 19.767.780 Excess (deficiency) Revenues over Expenditures (869,590) (1,961,720) Other Sources 2,004,940 2,044,400 Other Uses (1,236,160) Excess (deficiency) Revenues & Other Sources Over Expenditures & Other Uses l-(j00.8to) ,$ 82.680 23 SHAKOPEE General Fund Budget 2010 Revenues Fees Intergov't 10% 3% Fines Misc. 20J'o 2% Transfer In 10% Licenses & Permits 50J'o 24 SHAKOPEE General Fund Budget Revenues 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 Inter-Govt. Fees Miscellanous .2009 .2010 25 SHAKOPEE 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 Revenue Trend 2007 . Taxes . Inter / Gov't Fines 2008 2010 2009 . License/Permits . Charge/Service Misc. 26 SHAKOPEE General Fund Budget Expenditures 2010 Public Safety 47% General Government 16% 27 SHAKOPEE 10,000,000 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 General Fund Expenditures Public Safety Parks/Rec. Public Works Unallocated .2009 .2010 28 SHAKOPEE 10,000,000 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 General Fund Expenditure Trend 2007 . General Government 2008 . Public Safety _ Public Works 2009 . Recreation 2010 Miscellaneous 29 SHAKOPEE Agenda .:. How property taxes are calculated .:. How Shakopee cOlTIpares .:. Taxation trends .:. 2010 Budget .:. Value received .:. Questions 30 SHAKOPEE General Government Council Administration City Clerk Finance Planning/ Community Development Information Technology Government Building - City Hall 31 SHAKOPEE Public Safety Services 24/7 Police Services 47 Licensed Officers 15,028 calls Jan - Oct 2009 32 SHAKOPEE Public Safety Services 24/7 Fire Services 46 Authorized Firefighters 3 Full time employees 422 calls Jan - Oct 2009 33 SHAKOPEE Public Safety Services Building Inspection Services 4 Inspectors 34 SHAKOPEE Public Warks Services Engineering Division Public Infrastructure - roads/utilities 7 Employees 35 SHAKOPEE Public Warks Services Street Division Snow Plowing Streetf alley fparking lot Maintenance Sewer & Storm drainage 11 Employees ( +3) 36 SHAKOPEE Public Warks Services Fleet Division Equipment set up and repair 4 Employees 37 SHAKOPEE Culture/Recreation Park Maintenance Division mow 355 acres per week maintain 28 parks & public space 9 Employees 38 SHAKOPEE Culture/Recreation Recreation Program.sf developm.ent Community Center open 100 hrs/week 130+ Programs/activities offered 7.5 FT Employees 130 PT Employees 39 SHAKOPEE Culture/Recreation Natural Resources Library 40 SHAKOPEE Cost of Services Average Value Home $764 Per Year $64 Per Month 50-80 Cable 45/ ea Sports ticket 100 Dining out 40 Cell phone 50 Internet 41 SHAKOPEE Productivity Measures for General Fund Operations 2007 2008 2009 2010 Population * 32,300 33,660 33,860 34,000 FTE Positions** 127 127 123 121 Pop. per 254 265 275 281 Employee Cost $/population 512 502 504 581 * Estimates ** Assumes all budgeted positions are filled. *** Recreation and T elecomm merged 42 SHAKOPEE Agenda .:. How property taxes are calculated .:. How Shakopee compares .:. Taxation trends .:. 2010 Budget .:. Value received .:. Questions 43