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Home My WebLink About3.A. 2004/2005 Tax Levy/Budget Presentation CITY OF SHAKO PEE Memorandum TO: Mayor and Council Mark McNeill, City Administrator FROM: Gregg Voxland, Finance Director SUBJ: Truth in Taxation Hearing DATE: November 29, 2004 Introduction Due to the increase in the tax levy, the City is required to hold a nTruth in Taxation" public hearing. Action l. Opening the public hearing 2. Budget presentation 3. Public Comment 4. Either Announce that the Tax Levy and Budget will be adopted during a hearing on December 21, 2004. OR AnnoUnce that there is a continuation of the hearing on December 13, 2004 at 7:00 pm at 129 Holmes Street, Shakopee. 5. Close the hearing ~ Voxland Finance Director ...,....., CITY OF SHAKOPEE 2005 Property Taxes 1 Enterprise Funds Utilitv Funds income to funds is use based rates. Shakooee Public Utility 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. Other Funds which function to reduce peaks and valleys in general levy. Equipment Fund Building Fund 2 1 City Share of 2004 Tax Dollar ~ School 22% 3 City Share of 2004 Tax Dollar <1fr.'tI'~ 0tIUr '\ '\. I ;/ / :Sc.1Iof1ISIE(/:t((:~ ScDtlC.t'!liit~ 4 2 Proposed Tax Rates 2005 Ne\N Prague 57.245 ..Jordan 58.733 Savage 47.059 Prior Lake 32.464 Belle Plaine 60.821 Shakopee 32.508 5 Tax Capacity Rates Other Taxing Jurisdictions 2004 2005 . City 32.433 32.508 . School 21.517 21.517 . County 36.635 35.276 . Other 5.197 4.650 6 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 2003 $190,600 2004 $219,200 8 4 Homestead Tax Capacity Calculation Legislature 190,600 X 1.0% = 1,906 219,200 X 1.0% = 2,192 9 Tax Capacity Rate Levy I Total Tax Capacity 1,906 X .32433 = $618.17 2,192 X .32508 = $712.57 10 5 Tax Capacity Rate Parts Residential (Est.) Pay'04 Pav'05 TCR X Tax Capacity City , .32508 x 2192 712.57 City .32433 x 1906 618.17 Fire Station .0000964 x 219200 21.14 Fire Station 22.66 .0001189 x 190600 Market Value Credit (68.01) (56.04) Total 572.82 677.67 11 2005 Tax Notice 12 6 Changes in Market Value 01 to 05 350000 300000 250000 200000 150000 100000 50000 0 2001 2002 2003 2004 2005 111I 328400 III 276800 IIIIi 188800 11I154100 I 13 City Tax Residential Parcels 1200 1000 BOO 200 . 2001 2002 2003 200. 200S 14 7 ResjCI Tax Comparison Residential Comm.llnd. Pav '04 Pav'04 TCR X Tax Capacity City .32433 x 1906 $618.17 City .32433 x 3062 $993.10 Market Value Credit (68.01 ) Fire Station .0001186 x 190600 22.66 22.66 Total $572.82 $1,015.76 15 Tax Capacity Pav'04 Pav'05 Gross Tax Capacity 28,244,454 33,013,564 Net Tax Capacity 23,895.840 28.160.658 Net ofTlF & Fiscal Disp. el % ofTax Capacity 38% 37% Homestead % of Tax 52% 54% Capacity Multiple Residence % of 4% 3% Tax Capacity 16 8 Tax Capacity Rate Levy / Total Tax Capacity 1,906 X.32433 =$618.17 2,192 X .32508 = $712.57 Revised 2,192 X .31122 = $682.19 17 2005 Budget 18 9 City of Shakopee - 2005 General Fund Budget 19 CITY OF SHAKOPEE 2005 GENERAL FUND BUDGET SUMMARY = :y~ 2004 2005 Revenue Estimate Estimate Taxes $7,427,060 $9,014,180 Licenses and Permits 1,956,300 1,809,500 Intergovernmental 269,980 292,930 Charges for Service 848,300 1,119,200 Fines and Forfeits 260,000 260,000 Miscellaneous 200 000 250 000 Total Revenue 10961840 12745810 Expenditures General Government 3,174,720 3,353,850 Public Safety 5,554,210 6,258,090 Public Works 2,119,090 2,459.040 Recreation 729,250 1,015,060 Unallocated 183 000 130 000 Total Expenditures 11 760 270 13215540 Excess (deficiency) Revenues over Expenditures (798,630) (469,730) Other Sources 1.331,310 1,225,000 Other Uses (946,180) (1,103,780) Excess (deficiency) Revenues & Othe, Sources Over Expenditures & Other Uses $(413500) $ 1348 510) 20 10 Use Of 2005 City Tax Dollar mw.-" Fire Ref. Debt 3% 21 Tax Levy Dollars ..- 2004 Tax Lew 2005 Tax Lew % Chanqe General Levy $7.945.654 $8.732,490 9.9% EDA - General 60.000 60,000 (0.0%) Debt Service 334.824 381.357 13.8% Fire Referendum 265.217 254 679 (4.0%) Total $8,605.695 $9,428.526 9.6% 22 1 1 City Nondebt Tax Levy History - Year Levv Change 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% 2004/05 8,792,490 9.8% 23 General Fund Budget Revenues 10000000 Taxes 9000000 8000000 7000000 6000000 5000000 4000000 3000000 2000000 1000000 0 111I2004 1!!1200s1 24 12 General Fund Budget 2005 Revenues Fees Misc. SPUC Intergov't 8% 2% 9% 2% Licenses & Fines Permits 2% 13% Taxes 64% 25 General Fund Budget 2004 Revenues w_ Fees Misc. SPUC Intergov't 7% 2% 10% 2% Licenses & Penn its 16% 26 13 General Fund Expenditures 7000000 5000000 4000000 3000000 Unallocated 111II2004 m 2005 I 27 City Genera Fun Budget Dollar Use 2005 Police, Fire, InSp. 44% Council Eng., 1% Street, Shop 17% Admin., Clerk, Finance, Legal, Planning, General Unallocated Gov't 1% Buildings 23% 28 14 City Genera Fun Budget Dollar Use 2004 Police, Fire, Insp. 44% Eng., Council Street, 1% Shop 17% Admin., Clerk, Finance, Legal, Park Maint, Planning, Recreation General Un allocated Transfer Gov't 1% 13% Buildings 24% 29 Services $677.67 Per Year 13.02 Per Week 1.86 Per Day 30 15 Public Safety Services w- 24/7 Police Services 42 Licensed Officers 24/7 Fire Services 50 Authorized Firefighters Building Inspection Services 5 Inspectors 31 Public Works Services W~~ Engineering Division Public Infrastructure - roads/utilities 9 Employees Street Division Snow Plowing Street/alley/parking lot Maintenance 9 Employees (+3) Shop Division Equipment set up and repair 3 Employees 32 16 Parks Services Park Maintenance Division Park Maintenance mowing 330 acres per week maintain 22 parks 7 Employees Recreation Program/development Community Center open 100 hrs/week 131 Programs/activities offered 10FT Employees 33 General Government City Council Administration City Clerk Finance Legal - Prosecutions/civil Planning/Community Development Information Technology Gov't Building - City Hall, Library 34 17 Productivity Measures for General Fund Opera tions 2002 Wl ~ ~ Population' 25,316 26,837 28.337 29,367 Households . 9,517 10,089 10,653 11,040 FTE Positions" 97.0 95.1 107.1 112.1 Firefighters 50 50 50 50 Pop. per Employee 261 282 265 262 Households per FT 98 106 100 99 Employee Cost $/population 380 483 452 447 Cost $/household 1,011 1,086 1,114 1,190 . Estimates .. Assumes all budgeted positions are filled and excludes Recreation and EDA employees - paid from other funds. 35 18