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2013

2013. Proposed Budget. Budget Challenges.

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2013

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  1. 2013 ProposedBudget

  2. Budget Challenges • Continued decline in home prices leading to a decrease in the tax capacity over which the tax levy is spread (-7.2%). Decertification of the tax increment financing district added tax capacity resulting in a net increase of 9.47% (less than the 17.34% projected) • Continuing instability with budgets at the state level and loss of all state aids. • Continued lower revenue streams in building and development. • Decreased level of investment interest earnings. • Need to balance expectations associated with resource allocations and service provision levels

  3. History of Aids Received from the State of Minnesota2002-2013

  4. Revenue Trends – General Fund

  5. Budget Challenges • $500,000 of annual expenditures associated with Federal and State mandates regarding maintenance of storm water system. • NPDES – National Pollutant Discharge Elimination System • SWPPP – Storm Water Pollution Prevention Program

  6. Budget Challenges • Rising costs translating to higher prices charged to the City for operating supplies and services (2% was allocated for line item goods and services) • Increasing personnel costs –pension and health care. A 3.2% cost of living increase is proposed. • Aging infrastructure – analysis of the pro forma statements contained in the Financial Management Plan (FMP) to provide adequate funding of future infrastructure needs.

  7. Capital Projects Fund Reserves

  8. NMMA 2011Tax Burden Per Capita

  9. Tax Levy 2013

  10. General Fund Revenue Base Note: Fluctuations occur in revenue from other sources due to the uncertain nature of certain revenue streams such as building permit revenues, fines, etc. The years 2007-2011 reflect actual numbers and the years 2012-2013 reflect budgeted amounts. The City historically budgets conservatively for these revenue streams.

  11. Estimated City Tax Burden on an Average Home in Champlin

  12. 78% of General Fund Revenues are derived from Taxes GeneralFund Revenues

  13. General Fund Expenditures By Type 2013 Budget

  14. General Fund Expenditures By Function 2013 Budget

  15. Monthly Tax Supported Services by Department

  16. School District EXAMPLE: $444.07 (20%) Property Tax on a $166,000 Champlin Home is $2,201.99 (100%) Hennepin County $819.19(37%) RETURNED AS SERVICES $743.15 Special Taxing Districts • Recreation • programs • Bldg & health • inspections • Other City • services • Police & fire • protection • Street • maintenance • & plowing • Parks & trails City of Champlin $195.58 (9%) $743.15 (34%) CITY OF CHAMPLINWho gets your property tax dollars? Based on Proposed 2013 tax rates

  17. Where Your Tax Dollar Goes (Based on 2013 Tax Rates)

  18. BUDGET SUMMARY • Infrastructure Replacement Program • Budget provides $755,000 for streets (Increase of $230,000) • Budget provides $450,000 for parks • Budget provides $385,000 for capital equipment replacement (Increase of $120,000) • Budget provides $75,000 for Ice Forum (Increase of $25,000) • Budget provides $50,000 for storm sewer

  19. 1.02% or ($27,293 increase) supplies and services. • 27.99% ($375,000 increase) in transfers to infrastructure. • Total Increase in the General Fund totaling $697,760 (7.39%) • Provides for an increase of 8.75% in the net tax levy which equates to a $2 decrease in City taxes for the median house value of $166,000.

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