HomeMy WebLinkAbout7B 2018 Budget and Tax Levy PresentationDecember 4, 2017
1
2018 Budgets
Tax Supported
Enterprise Funds
Survey Results/Budget Objectives/Metrics
Preliminary 2018 Property Values
Questions
Tonight’s Agenda
2
Overview –2018 Proposed
Budgets
3
General Fund $12,767,768
Debt Service Funds 4,896,000
Rev. Equipment Fund 1,394,027
Facilities Mgmt Fund 873,704
PIR Fund (mill & overlay) 725,374
Other (EDA, Parks, Cable)475,481
Water Fund 6,659,524
Sewer Fund 4,742,967
Storm Water Fund 998,669
Total $33,533,514
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2018 Property Tax
Levy Comparison
Change 17 - 18
Property Taxes 2017 2018 Amount Percent
Levy - Tax Capacity
General Fund - Operating 7,192,793$ 7,779,182$ 586,389$ 8.15%
General Fund - Debt - n/a
Debt Service Funds 2,628,937 3,142,620 513,683 19.54%
Revolving Equipment Fund 375,000 550,000 175,000 46.67%
Revolving Park Equipment Fund 213,406 238,184 24,778 11.61%
Facilities Management Fund - - - n/a
10,410,136$ 11,709,986$ 1,299,850$ 12.49%
Levy - Market Value - General Fund 1,018,019 227,552 (790,467) -77.65%
Levy - Economic Dev Authority 140,000 140,000 - 0.00%
Total Levy 11,568,155$ 12,077,538$ 509,383$ 4.40%
General Fund
Debt Service
Long Term Plans
EDA
General Fund Revenues
$12,749,000
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Property Tax Levy
-Tax Capacity,
$7,779,000
Property Tax Levy
-Market Value,
$228,000
Licenses &
Permits,
$608,000
Intergovernmental, $1,676,000
Charges for
Services,
$1,702,000
Other Revenues,
$313,000
Transfers From
Other Funds,
$443,000
Rounded to the nearest 1000
Revenues:
Intergovernmental Revenue-$106k
$70k from SMSC*
$36k from SW Metro Drug Taskforce*
Building Permits/Plan Check Fees-$35k
Developer Agreement Revenue -$135k
City Contracted Services -$15k
General Fund Proposed Budget
Changes 2017 to 2018
* Partial funding from city partners for Police Drug Taskforce Officer/Community Service Officer
General Fund Expenditures
$12,768,000
7
General
Government,
$2,844,000
Public Safety,
$5,733,000
Public Works,
$2,064,000
Parks and
Recreation,
$1,899,000
Debt Transfer –
$228,000
Expenditures:
Personnel -$584k
New staff starting January 1:
•Police Officer
•Police Drug Taskforce Officer* (2018 1st full yr.)
•Police CSO* (part-time)
•Parks Maintenance Worker
COLA and health care premiums
* Partial funding from city partners
General Fund Proposed Budget
Changes 2017 to 2018
8
Repairs & Maintenance -$92k
Capital outlay ($67k)
General Fund MV Levy reduced by ($790k)
Final payment in 2017
Debt Service Reduction
General Fund Proposed Budget
Changes 2017 to 2018 (cont.)
9
Resident Survey Results:
General Fund Budget and
Resident Survey
10
Public safety identified
as the most important
aspect of “quality of
life”
60% would support a
property tax increase to
hire more officers
83% say more police
patrols would make
them feel safer
96% say street repair
and maintenance is
an essential service
88% say the quality of park
and recreation services is
excellent/good compared to
the taxes paid
Planned use of Reserves instead of budget
item:
Laserfiche –$43k in 2017
Cartegraph -$19k in 2018
General Fund Reserves
11
Long Term Plans
12
Equipment
Parks Equipment
Facilities
Street Mill & Overlay
5 Ton Dump Truck/Snow Removal
Street Sweeper
Resident Survey Results:
Long Term Plans -2018 Major
Purchases
13
97% say snow and
ice removal is an
essential city service
91% say the maintain
the water quality of
our lakes is an
essential service
Fire Truck Engine 9220
Fire Station SCBA Replacement and Compressor
Fire Station #1 Parking Lot and Sidewalk
Police squad car (for proposed staff add)
Resident Survey Results:
Long Term Plans -2018 Major
Purchases
14
100% of respondents
said police and fire
services are essential
city services
94% say fire services
are excellent/good
2018 Budget -$154,000
Proposed Tax Levy -$140,000
Use of Fund Balance -$3k
Resident Survey Results:
Economic
Development Authority
15
75% support
continued community
development
71% support the use
of financial incentives
to attract specific
development
Total Revenues -$ 6.8M
Charges for Services -$4.1M
Bond Proceeds (AMRS Replacement*) -$850,000
Bond Proceeds (Franklin Area Utility Work)-
$330,000
Proposed Rate Increase of $0.14 (3%)
Total Expenditures -$6.7M
Reflects CIP identified in the 2017-2021 CIP
Water Fund
16
* Automated Meter Reading System (AMRS)93% say high quality
drinking water is an
essential/very
important city service
Total Revenues -$ 4.9M
Charges for Services -$3.5M
Bond Proceeds (AMRS Replacement*) -$850,000;
(Franklin Area Utility Work)-$550,000
Proposed City rate increase of $0.25 and MCES
increase of $0.10 (7% total increase)
Total Expenditures -$4.8M
Reflects CIP identified in the 2017-2021 CIP
Sewer Fund
17
* Automated Meter Reading System (AMRS)96% say sanitary
sewer service is an
essential city
service
Total Revenues -$ 928k
Charges for Services -$916k
Proposed Rate Increase of $0.41 (3% increase)
Total Expenditures -$1M
Reflects CIP identified in the 2017-2021 CIP
Storm Water Fund
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91% say the maintain
the water quality of
our lakes is an
essential service
Bond Rating –Maintain/improve current
rating
2017 –S&P Rating AA+
General Fund Reserves –40% to 50%
2016 Year End –50%
Property Tax Rank –Maintain/improve
Property Taxes/HH –Growth plus inflation
General Fund Expenditures/HH –Growth plus
inflation
Budget Objectives/ Metrics
19
Scott County Tax
Capacity Rate by City
20
City 2017
Belle Plaine 84.68%
Elko New Market 47.82%
Jordan 71.24%
New Prague 62.25%
Prior Lake 32.69%
Savage 47.84%
Shakopee 38.52%
City Tax Capacity Rate*
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25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
2010 2011 2012 2013 2014 2015 2016 2017
Prior Lake 7-County Metro Average
*City Levy/Tax Capacity = Tax Rate
Total Tax Capacity Rate*
22
90.00%
100.00%
110.00%
120.00%
130.00%
140.00%
150.00%
2010 2011 2012 2013 2014 2015 2016
Prior Lake 7-County Metro Average
*City, County, School, and Special Districts
Property Tax Levy Per
Household
23
General Fund Operating Expenditures
Per Household
24
Ongoing Service Challenges
Winter Maintenance
Transportation Projects
Aging Fleet impact to operations
Parks, trails and natural area maintenance
Proactive Policing
Technology Replacement
EAB
25
EMV -$3.99B (+9.51%)
Residential -$3.04B (+11.34%)
New Construction -$62.07M (38.77%)
TMV -$3.29B (+12.10%)
Pay 2018 Preliminary
Property Values
26
45% of owners will see a property tax cut
$322,000 home example
Resident impact of City tax levy
27
% Net Net
of Inc/Dec Difference
Inc/Dec Total 2017 2018 17 vs 18 % Change
+15.01+%1,988 22%322,000$ 370,300$ 98.28$ 9.6%
+10.01-15.00%819 9%322,000$ 362,250$ 68.79$ 6.7%
+5.01-10.00%2,148 24%322,000$ 346,150$ 9.80$ 1.0%
+0.01-5.00%3,621 41%322,000$ 338,100$ (19.70)$ -1.9%
No Change 2 0%322,000$ 322,000$ (78.69)$ -7.7%
-0.01-5.00%162 2%322,000$ 313,950$ (108.19)$ -10.6%
-5.01 - 10.00%125 1%322,000$ 297,850$ (167.18)$ -16.3%
-10.00 - 15.00%49 1%322,000$ 281,750$ (226.17)$ -22.1%
-15.01% +4 0%322,000$ 273,700$ (255.67)$ -24.9%
8,918 100%
Prior Lake CITY portion of taxes only:
Tax capacity change 67.15$
MV tax change (86.85)$
Total Change (19.70)$
% EMV Value
Range
# of
affected
Properties
Avg Market
Value
Avg Market
Value
28