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CITY OF NORFOLK, NEBRASKA ANNUAL BUDGET
FISCAL YEAR 2014-2015
2005-2006
2006-2007
2007-2008
2008-2009
2009-2010
2010-2011
2011-2012
2012-2013
2013-2014
2014-2015
0 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 80,000,000 90,000,000
Capital Budget to Total Budget CAPITAL BUDGET
TOTAL BUDGET
F i s c a l Y e a r
Dollars
F i s c a l Y e a r
Dollars
Funds with Over $1 Million Increase
Dollar Percentage
Budgeted Budgeted Increase Increase
FUND 2013-2014 2014-2015 (Decrease) (Decrease)
LB840 Economic Development Fund 1,571,218 4,326,833 2,755,615 175.38%
Special Assessments Fund 2,308,383 4,982,798 2,674,415 115.86%
Community Dev. Block Grant Fund 1,539,911 2,987,413 1,447,502 94.00%
Capital Construction Fund 4,805,422 5,855,837 1,050,415 21.86%
10,224,934 18,152,881 7,927,947 77.54%
All Other Funds 62,610,536 62,812,757 202,221 0.32%
TOTAL 72,835,470 80,965,638 8,130,168 11.16%
The following compares by major expenditure object the
FY 2013-2014 budget with the FY 2014-2015 proposed budget:
EXPENDITURE HIGHLIGHTS
Dollar PercentageBUDGET BUDGET Increase Increase
OBJECT FY 2013-2014 FY 2014-2015 (Decrease) (Decrease)
Personnel 19,459,523 20,102,370 642,847 3.30%
Operations & Maintenance 11,405,420 15,787,124 4,381,704 38.42%
Capital Expenditure 19,425,672 19,455,667 29,995 0.15%
Debt Service 3,181,016 3,458,596 277,580 8.73%
Transfers 2,378,718 3,667,305 1,288,587 54.17%
Fund Ending Balance 16,985,121 18,494,576 1,509,455 8.89% TOTAL 72,835,470 80,965,638 8,130,168 11.16%
The following compares by major revenue source the
FY 2013-2014 budget with the FY 2014-2015 proposed budget:
REVENUE HIGHLIGHTS
Dollar PercentageBUDGET BUDGET Increase Increase
SOURCE FY 2013-2014 FY 2014-2015 (Decrease) (Decrease)
Balance Brought Forward 29,501,356 30,926,798 1,425,442 4.83%
Taxes 13,349,219 13,766,455 417,236 3.13%
Licenses & Permits 204,975 216,300 11,325 5.53%
Inter-Govern. Revenue 5,282,460 7,497,908 2,215,448 41.94%
Charges for Service 12,409,320 12,825,265 415,945 3.35%
Rent & Other Revenue 5,718,122 5,709,240 (8,882) (0.16%)
Interest Income 71,192 66,185 (5,007) (7.03%)
Transfers 2,378,718 3,667,305 1,288,587 54.17%
Proceeds of Debt 3,770,000 6,160,000 2,390,000 63.40%
Special Assess. Levied 119,650 99,434 (20,216) (16.90%)
Non-revenue Receipts 30,458 30,748 290 0.95%
TOTAL 72,835,470 80,965,638 8,130,168 11.16%
Budgets by Fund
Dollar Percentage
Budgeted Budgeted Increase Increase
FUND 2013-2014 2014-2015 (Decrease) (Decrease)
General Fund 22,911,907 23,829,860 917,953 4.01%
Sewer Fund 12,172,737 12,237,481 64,744 0.53%
Group Insurance Fund 6,024,289 6,887,730 863,441 14.33%
Water Fund 8,394,058 6,813,080 (1,580,978) (18.83%)
Debt Service Fund 5,286,633 6,026,709 740,076 14.00%
Capital Construction Fund 4,805,422 5,855,837 1,050,415 21.86%
59,595,046 61,650,697 2,055,651 3.45%
All Other Funds 13,240,424 19,314,941 6,074,517 45.88%
TOTAL 72,835,470 80,965,638 8,130,168 11.16%
The following compares by department the FY 2013-2014 budget
with the FY 2014-2015 proposed budget:
GENERAL FUND EXPENDITURE CHANGES
Dollar Percentage
BUDGET BUDGET Increase Increase
DEPARTMENT FY 2013-2014 FY 2014-2015 (Decrease) (Decrease)
Administration 4,054,358 3,777,564 (276,794) (6.83%)
Engineering 641,867 726,149 84,282 13.13%
Street Maintenance 2,725,333 2,855,537 130,204 4.78%
Park Maintenance 1,483,196 1,513,533 30,337 2.05%
Housing 515,798 504,484 (11,314) (2.19%)
Recreation 785,157 807,984 22,827 2.91%
Library 1,408,376 1,453,154 44,778 3.18%
Fire 4,034,857 4,176,075 141,218 3.50%
Police 5,239,336 5,423,032 183,696 3.51%
TOTAL 20,888,278 21,237,512 349,234 1.67%
Property Tax18399419.51%
Sales Tax768145539.68%
NPPD Lease472154024.39%
Other Revenue511369926.42%
General Fund RevenuesFY 2014-2015
SALES TAX BUDGETED BY FISCAL YEARS
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015$0.00
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
$9.00
$10.00
$11.00
SALES TAX BUDGETED BY FISCAL YEARS
Fiscal Year
TAXES($MILLIONS)
2005
-200
6
2006
-200
7
2007
-200
8
2008
-200
9
2009
-201
0
2010
-201
1
2011
-201
2
2012
-201
3
2013
-201
4 E
stim
ated
2014
-201
5 B
ud
get
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
CITY OF NORFOLK, NEMajor Revenue Trends
Nebraska Public Power District (NPPD) Lease
Fiscal Year
Dol
lars
(in
th
ous.
)
The following is a yearly property tax comparison from FY 2005-2006 to FY 2014-2015:
MUNICIPAL BUDGETED PROPERTY TAX COMPARISON
DEBT ECONOMIC
GENERAL SERVICE DEVELOPMENT
YEARS FUND FUND FUND TOTAL
FY 2005-2006 238,724 690,676 - 929,400
FY 2006-2007 430,164 690,676 - 1,120,840
FY 2007-2008 475,001 690,676 - 1,165,677
FY 2008-2009 742,907 690,676 - 1,433,583
FY 2009-2010 1,497,907 690,676 - 2,188,583
FY 2010-2011 1,497,907 690,676 400,000 2,588,583
FY 2011-2012 1,497,907 690,676 400,000 2,588,583
FY 2012-2013 1,497,907 690,676 400,000 2,588,583
FY 2013-2014 1,497,907 690,676 400,000 2,588,583
FY 2014-2015 1,839,941 690,676 400,000 2,930,617
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 700,000,000
800,000,000
900,000,000
1,000,000,000
1,100,000,000
1,200,000,000
1,300,000,000
Assessed Valuationwith % increase from the prior year
9.03%
4.29%
4.14%
4.24%
3.31% 0.31% 0.02% 0.47% 1.13%
4.67%
York
Kear
ney
Scott
sblu
ff
Norf
olk
Norf
olk
Gerin
g
McC
ook
Gran
d Isl
and
Sew
ard
Colu
mbu
s
Lexi
ngto
n
Beat
rice
Blai
r
Allia
nce
Nebr
aska
City
Frem
ont
Way
ne
Hold
rege
Sidn
ey
Chad
ron
Sout
h Si
oux
City
Schu
yler
Papi
llion
Oga
llala
Hasti
ngs
Platt
smou
th
Nort
h Pl
atte
LaVi
sta
Cret
e
Ralst
on
Belle
vue
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
Comparison of 2013 Property Tax Rates
Nebraska Cities of the First Class
Prop
erty
Tax
Rat
es(D
olla
rs p
er $
100
of a
sses
sed
valu
e)
Table 7
2014
2013
The following compares by revenue source the FY 2013-2014 budget
with the FY 2014-2015 proposed budget:
GENERAL FUND REVENUE CHANGES
Dollar Percentage
BUDGET BUDGET Increase Increase
SOURCE FY 2013-2014 FY 2014-2015 (Decrease) (Decrease)
Taxes 10,288,871 10,658,196 369,325 3.59%
Licenses & Permits 204,975 216,300 11,325 5.53%
Intergovernmental Revenues 491,627 507,284 15,657 3.18%
Charges for Service 1,883,031 1,951,015 67,984 3.61%
Rent & Other Revenue 5,347,622 5,338,840 (8,782) (0.16%)
Other Interest Income 4,200 5,000 800 19.05%
Non-Revenue Receipts 700,000 680,000 (20,000) (2.86%)
TOTAL 18,920,326 19,356,635 436,309 2.31%
Recommended