1

Budget Highlights

$ 87.1 million

Fiscal Year 2014/15

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Very pleased to report:

Balanced BudgetFor FY 14/15

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Maintains the levy rate at $12.55 Funds tentative agreements with all bargaining

units• Within Mayor & Council’s guidelines

Reduces reliance on Gaming Revenue to supplement operating budgets. • Increases funding for one-time capital projects. • Increases available fund balance over the next 5 years.

Increases available fund balance in Sales Tax over the next 5 years

Provides funding for additional full-time positions Funds an aggressive capital improvement

program

FY 2014/15 Budget in Brief:

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“Stays the course” and “follows the financial plan” we established several years ago and continues our history of:

Conservative spending Maintaining healthy cash reserves Strong fiscal planning and adherence to fiscal

policies

We continue to realize: Stable revenue streams Significant levy growth available under $8.10

and ability to implement benefit levies.

FY 2014/15 Budget

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First Key Area: We continue to recognize the need for human resources and operating budgets to grow as the city grows

For the first time in several years, we are recommending additional full-time positions for an Administrative Assistant in HR/Legal and Equipment Operators in Storm Water and Palmer Hills

We will continue to thoroughly review vacant positions in an effort to downsize, through restructuring and realignment of duties where possible.

Operating budgets reflect only marginal increases

Under utilized and/or outdated programs and services continue to be reviewed for future funding

In an effort to continue offering Premier Services to our Citizens, we seek balance in Three Key Areas:

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Second Key Area: We continue to fund an aggressive CIP program to maintain/upgrade our existing infrastructure and support our growing community with quality amenities.

FY 14/15 funds $15.4 million of capital projects and maintains the debt levy at $5.00 per $1,000 of taxable value As a growing community we have chosen to have a higher

debt levy rate and corresponding debt margin ratio than many comparable cities.

The 5-year plan does however, decrease our debt margin ratio by 8% to just under 70% by the end of FY 18/19, while still allocating significant future tax dollars to support projects for our growing community.

We recognize the ongoing flexibility available to the City in reducing the debt levy and corresponding CIP projects if needed to balance future operating budgets.

Seeking Balance in Three Key Areas:

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Third Key Area: We remain committed to making the difficult decision of increasing revenues through taxes and user fees “incrementally”, if needed, to balance our budget annually as costs increase.

1.We do not endorse deferring or holding off on raising fees and taxes only to later “spike” the rates to balance the budget This year we are recommending maintaining the levy rate at $12.55.

However, the impact will be: 2.87% reduction to existing commercial property Offset by a 2.68% increase on existing residential property (Direct result of the NEW 5% rollback on commercial property)

The budget as proposed, also reflects marginal, “planned” increases in user fees for Garbage/Recycling, Storm Water, Sewer, LFC and Palmer Hills.

IMPACT: The City’s overall cost of services including property taxes, sewer and storm water fees and solid waste fees remains the 3rd lowest among our sample of 30 Iowa cities with populations of 10,000 or more.

Seeking Balance in Three Key Areas:

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Property taxes31%

TIF revenues2.75%

Other city taxes12.55%

Licenses & permits1.10%

Use of money0.60%

Intergovernmental12.96%

Charges for services17.09%

Special assessments0.03%

Miscellaneous1.59%

Bond proceeds15.91%

Other financing sources1.77%

Source FY 13/14 FY 14/15Property taxes 22,997,618$ 23,816,800$ TIF revenues 2,023,819$ 1,943,186$ Other city taxes 8,232,469$ 8,885,913$ Licenses & permits 781,810$ 781,810$ Use of money 444,012$ 425,350$ Intergovernmental 6,312,832$ 9,174,070$ Charges for services 11,527,662$ 12,098,513$ Special assessments 24,295$ 24,295$ Miscellaneous 1,532,057$ 1,124,462$ Bond proceeds 10,560,000$ 11,260,000$ Other financing sources 1,425,000$ 1,252,500$ Total net of transfers 65,861,574$ 70,786,899$ Transfers in 6,107,987$ 9,666,290$ Internal Service Funds 6,961,983$ 7,453,566$ Total Budget 78,931,544$ 87,906,755$

Where the money comes from FY 14/15Net of transfers & Internal Service Funds

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Public Safety15.96%

Public Works4.85%

Debt Service14.06%

Culture & Recreation6.18%

Community & Economic De-velopment

2.50%

General Government5.51%

Capital Projects25.92%

Business Type/Enterprises25.01%

Category FY 13/14 FY 14/15Public Safety 10,865,287 11,163,214 Public Works 3,373,238 3,396,189 Debt Service 12,494,455 9,835,999 Culture & Recreation 4,206,263 4,322,097 Community & Economic Development 1,799,971 1,751,122 General Government 3,712,140 3,857,835 Capital Projects 19,153,691 18,135,115 Business Type/Enterprises 16,920,826 17,498,726 Total net of transfers & Internal Service Funds 72,525,871 69,960,297 Transfers out 6,107,987 9,666,290 Internal Service Funds 6,992,783 7,478,026 Total Budget 85,626,641 87,104,613

Where the money goes FY 14/15Net of transfers & Internal Service Funds

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Budget Highlights - FY 2014/15 Budget:

Bettendorf is one of a few Iowa cities with a General Fund levy below $8.10. This allows for future growth capacity of 48%, equating to nearly $5 million of potential property taxes.

In addition, the City has the ability to levy taxes for: ◦ IPERS & FICA ($1.54 million)◦ Emergency levy of $0.27 if

needed. ($504,000)

FY 13/14 FY 14/15

General Fund $7.55 $5.44

Health Insurance 0 1.09

Liability Insurance 0 0.26

Police & Fire Pension 0 0.76

Debt Service $5.00 $5.00

Levy Rate $12.55 $12.55

1) Maintain the City’s Levy Rate at $12.55

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FY 14/15 Property Tax Impact ofMaintaining the $12.55 Levy of City Taxes:

Commercial (Rollback reduced from 100% to 95%) Impact - Avg. 2.87% decrease

$500,000 Assessed Value -$337.50 (-$28.13 per month)

Residential (Rollback increased from 52.8% to 54.4%) Impact – Avg. 2.68% increase

$100,000 Assessed Value +$19.86 ($1.66 per month)

$165,260 Assessed Value (Median) +$32.82 ($2.74 per month)

$250,000 Assessed Value +$49.65 ($4.14per month)

Direct result of the NEW 5% rollback on commercial property

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Property Tax Reform Shifts Tax Burden to Residential

Anticipate the trend of shifting tax burden to residential property owners to continue over the next several years.

08/09 14/15

66.76%

72.52%

30.46% 25.16%

Taxable value compar-ison, residential vs.

commercialResidential Commercial

08/09 14/15

81.97%

81.95%

16.50% 16.39%

Gross value compar-ison, residential vs.

commercialResidential Commercial

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Taxes Current YearHow We Compare to Other Cities?Our sample of 30 Iowa Cities with populations > 10,000 in order by Total Levy Rate

CensusTaxable Value for

FY 13/14Taxable Value

per CapitaFY 13/14

Total Levy

FY 13/14 General

Fund LevyAltoona 14,541 530,352,184 36,473 9.14369 8.10000Urbandale 39,463 2,358,943,270 59,776 * 9.57000 7.12000Clive 15,447 1,168,535,269 75,648 * 9.98809 7.16982Pella 10,352 424,909,734 41,046 10.15104 7.96281Ames 58,965 2,325,969,651 39,447 10.85779 5.83418Dubuque 57,637 2,171,073,899 37,668 11.02586 8.10000North Liberty 13,374 544,158,125 40,688 11.03264 8.10000Johnston 17,278 1,098,210,845 63,561 * 11.15007 7.57474Spencer 11,233 418,997,002 37,301 11.83087 8.10000Cedar Falls 39,260 1,629,962,871 41,517 12.02123 8.10000Ankeny 45,582 2,139,253,981 46,932 12.02746 7.03301West Des Moines 56,609 3,923,658,149 69,312 * 12.05000 8.10000Bettendorf (FY 14/15 Levies) 33,217 1,858,056,843 55,937 12.55000 5.44000Carroll 10,103 413,003,607 40,879 12.90456 8.10000Waukee 13,790 540,750,146 39,213 13.50000 8.10000Coralville 18,907 844,374,100 44,659 13.52770 8.10000Storm Lake 10,600 285,648,465 26,948 13.55986 8.10000Fort Madison 11,051 253,219,772 22,914 14.88562 8.10000Newton 15,254 450,868,397 29,557 15.14762 8.10000Cedar Rapids 126,326 5,753,190,892 45,542 15.21621 8.10000Muscatine 22,886 798,621,557 34,896 15.67209 8.10000Burlington 25,663 665,354,977 25,927 15.80427 8.10000Keokuk 10,780 305,613,627 28,350 15.90039 8.10000Sioux City 82,684 2,274,551,959 27,509 16.24791 8.10000Davenport 99,685 4,012,995,573 40,257 16.78000 8.10000Iowa City 67,862 3,020,306,824 44,507 16.80522 8.10000Des Moines 203,433 6,595,509,088 32,421 16.92001 8.10000Waterloo 68,406 2,343,242,271 34,255 17.49319 8.10000Council Bluffs 62,230 2,382,385,522 38,284 17.75000 8.10000Ottumwa 25,023 630,134,013 25,182 20.30368 8.10000Average of 30 Cities 1,738,728,420 40,887 13.7272 7.8145*Source: Iowa Department of Management - Local Budget Division

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2) Provides funding for existing City services and several new programs:

FY 2014/15 Budget Highlights Funds marginal increases to operating budgets. Largest

increases resulting from Employee Health Insurance, Risk Management, utilities and fuel related costs.

Continues close monitoring of over-time, reductions in comp-time and a new vacation buy-back program

Funds Road Salt budget and liquid application program at $340,000

Funds new “fly over” aerial mapping for GIS system at $45,000 Provides $30,000 for Emerald Ash Borer treatment and/or tree

removal on city properties. Extends funding of the Transit Loop service through FY 15/16

($20,537 in FY 14/15) Funds wage increases for all union and non-union employees

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Bargaining Unit FY 14/15 FY 15/16 Additional Remarks

Fire(settled)

1.9% COLA 1.9% COLA

Health insurance premiums and out-of-pocket increases

for all employees. Maintains grandfathered

status.

Police(settled)

1.9% COLA 1.9% COLA

AFSCME - General

(proposal pending)1.9% COLA 1.9% COLA

AFSCME – Library

(proposal pending)1.9% COLA 1.9% COLA

Non-UnionEmployees 1.9% COLA 1.9% COLA

3) Union ContractsFunds first year of two year contracts with all of our bargaining units

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4) Personnel Requests – 4 FTEsPosition Department

Administrative Assistant HR/Legal

Light Equipment Operator Storm Water

Heavy Equipment Operator Storm Water

Light Equipment Operator Palmer Hills G.C.

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5) Health Insurance – FY 2014/15 Budget Highlights:

Premium and out-of-pocket increases for all employeesReceived Wellmark renewal at 9.4% increase, waiting on other reinsurance quotes (10-12% national average)9 year average increase in claims: 8.69% (10-12% national average)Maintain Specific Stop Loss at $70K$1 million cash reserves available to fund claims up to maximum aggregate attachment point (125% of expected claims)Agreed with all bargaining units to establish a health committee taskforce to continue to review changes in the health insurance market and potential future impacts to our plan that have mutual benefit

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6) Liability Insurance – Total Liability Insurance up $70,467 or 10.37%.

Workers Compensation Fees up: $46,121 or 11.42%

Mod rate reduced to .96 due to the Bettendorf losses being lower than statewide average losses.

Striving to manage our Work Comp insurance costs although…..

Continue to have increased wages A potential 10% State of Iowa published rate increase

on various job classifications is expected. Mod rate calculation under state review

FY 2014/15 Budget Highlights:

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FY 2014/15 Budget Highlights:7) Projects Major Revenues to remain Stable

Revenue source:FY 10/11 Actual

FY 11/12 Actual

FY 12/13 Actual

FY 13/14 Budget

FY 14/15 Budget

Property taxes 19,829,519 20,786,732 22,061,524 22,997,618 23,816,800

Charges for Services 15,468,962 16,525,874 17,691,232 18,434,275 19,498,079

Local Option Sales Tax 4,379,062 4,584,685 4,636,166 4,821,534 5,014,395

Road Use Tax 2,981,875 3,124,925 3,220,698 3,350,000 3,400,000

TIF Revenues 3,065,570 2,318,400 2,069,141 2,023,819 1,943,186

Gaming 1,658,400 1,608,845 1,582,204 1,500,000 1,500,000

Hotel/Motel Tax 803,119 738,376 782,972 800,000 808,000

Building Permits 503,290 558,859 575,138 625,500 625,500

Utility Tax 707,752 748,281 740,971 733,585 834,442

Cable Franchise 379,885 374,108 368,550 370,000 370,000

Total Major Revenues 49,777,434 51,369,085 53,728,596 55,656,331 57,810,402

Total All Revenues Net of Bond Proceeds, Other Financing Sources and Intergovernmental 52,901,996 54,149,370 54,971,666 57,875,725 59,953,895

10 Major Revenues as a % of All Revenues 94.09% 94.87% 97.74% 96.17% 96.42%

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Building Permit HistorySummary of Building Permits Issued by the City of Bettendorf

CalendarYear Number Value Number Value2013 3,500 $64,197,951 (1) 168 $41,651,6862012 3,416 $69,120,944 (2) 145 $36,595,1052011 3,294 $81,802,346 108 $34,107,9432010 2,951 $58,148,406 115 $28,361,9802009 2,700 $58,504,974 77 $21,057,1982008 3,095 $43,946,075 96 $24,200,9962007 3,420 $78,686,737 134 $37,831,5732006 3,680 $100,236,047 (3) 154 $34,873,9282005 3,717 $66,134,674 194 $41,928,3192004 3,397 $68,651,169 146 $30,265,1512003 3,247 $57,729,471 120 $25,087,0802002 2,980 $71,998,617 85 $19,495,4812001 3,392 $40,678,917 144 $26,184,0822000 3,487 $45,339,525 143 $24,158,5461999 3,740 $44,998,573 158 $26,947,091

(1) Taxes on value of permits issued in 2013 w ill be collectible in FY 15/16.

(2) Taxes on value of permits issued in 2012 w ill be collectible in FY 14/15.

(3) The signif icant increase in value of total permits from 2005 to 2006 w as due to construction of the Isle of Capri Hotel; the Clarissa Cook Hospice House; the ORA Medical Facility; the Glen shopping center; Hy-Vee grocery store; Logan Contractor Supply building; Armstrong Elementary School; the Crow Ridge Plaza retail facility; The Fountains Senior Living complex; and Southeast National Bank

All PermitsNew Single-Family Attached &

Detached Homes

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We are recommending a 5-year plan that reduces the annual reliance on Gaming Revenue to supplement operating budgets and instead, increases funds available for one-time capital projects.

Reduced allocation of Gaming to supplement operating budgets: Reduce transfer to General Fund by $100,000 by utilizing property taxes

generated from new growth (instead of reducing the levy rate by $0.05) Reduce transfers to enterprise funds by $133,754 by increasing user fees

Increased allocation of Gaming to one-time capital projects: Parks Facilities Study: $125,000 (LFC, Splash Landing, Community

Center) Increasing Gaming fund balance for future capital projects

Projected ending fund balance at June 30, 2019:

$1,000,000

FY 2014/15 Budget Highlights: 8) Gaming Revenue - $1.5 million

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We are recommending a 5-year plan that

increases sales tax fund balance to $2.2 million at June 30, 2019

FY 2014/15 Budget Highlights: 9) Annual Sales Tax Revenue - $2 million

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FY 2014/15 Budget Highlights:10) Major Fund Balances remain stable

FundFY 10/11 Actual

FY 11/12 Actual

FY 12/13 Actual

FY 13/14 Projected

FY 14/15 Projected

General 5,358,631 5,514,282 5,525,889 5,527,727 5,533,885

% of expenditures 26.49% 26.72% 24.99% 25.45% 25.58%

Road Use 382,553 575,172 667,002 686,829 695,385

% of expenditures 10.57% 17.67% 20.59% 20.30% 20.59%

Gaming 85,692 98,214 111,678 173,816 344,708

Sales Tax 923,114 506,598 421,129 571,932 336,690

Vehicle 885,395 731,604 983,467 641,885 933,851

Electronic Equipment 675,351 502,844 419,761 381,561 339,661

Health Insurance 948,792 984,971 988,592 988,592 988,592

Risk Management 630,737 647,205 690,950 690,950 690,950

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$3 million

Forest Grove Rd Paving – Eagle Ridge to International & Rec. Trail

$1.85 million

Hopewell Ave Paving – Middle to 18th Addition & Rec. Trail

$1.55 million

Utica Ridge Road: Spruce Hills to Tanglefoot Lane – 5 Lane

$1.4 million

Recreation Trails including: Crow Creek & Highway 67 to City Limits

$1.2 million

Street Reconstruction Program: Summit Hills, Olympia, Shadowbrook, Central & Halcyon

$1 million

Bridge Maintenance Program: Devils Glen at Spencer Creek

$900,000 18th Street: Avalon to Spruce Hills & St. Johns to Crow Creek Rd.

$850,000 Downtown Improvements$725,000 Full Depth Patching Program

11) Community Improvement Program 2014/15 Construction Season: $15.4 million

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Community Improvement Program 2014/15 Construction Season: $15.4 million

$600,000 Street Resurfacing Program

$575,000 Parks Projects: Facilities study, playgrounds, roadways, dredging, etc.

$420,000 Roundabout – Middle Rd. & Crow Creek

$320,000 Forest Grove Sealcoat Replacement – Utica Ridge to Eagle Ridge

$300,000 Spruce Hills: Woodland to Avalon$275,000 Sidewalk Program$192,000 Various Traffic projects$160,000 Rural Road Sealcoating Program

$150,000 Various city-wide projects including Library space remodel

$100,000 Pavement Preservation Program

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Enterprise Fund Projects FY 14/15: $250,000

Community Improvement Program continued

Life Fitness CenterTennis court and gym floor resurfacing and Aerobic room renovations

$145,000

Palmer Hills Golf Course

Tee box, sand trap & cart path Improvements $55,000

Family Museum Fence Replacement $50,000

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Capital Equipment Requests FY 14/15 Budget funds $1,341,659 of

new/replacement vehicles

◦ Funds $197,100 of new/replacement electronic equipment◦ Funds $138,801 of new/replacement capital equipment◦ Funds $265,000 in replacements at QC Waterfront

$520,000 Fire: 1st half of HAZMAT/Rescue vehicle paid in 14/15 ($260,000)

$335,500 Public Works: Truck Rehab Program (4 to 5 trucks), Van, ¾ ton Pick-up w/ plow, & Endloader

$265,534 Police: Armored ERU vehicle & Social Worker vehicle

$211,000 Parks: Utility Cart, 3 Pick-ups, Field Drag, 10’ mower, zero turn mower

$176,000 Solid Waste: Heavy Duty Rear Load Garbage Packer

$37,625 Storm Water: ¾ ton Pick-up$30,000 Palmer Hills G.C.: Greens Roller & 2 Utility Carts$26,000 Community Development: Small SUV for Code

Enforcement

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Solid Waste 3% effective 4/1/14

Storm Water $0.35 per ERU/mo effective 4/1/14

Sewer $0.20 per 100 cubic feet of flow effective 4/1/14

LFCSenior, College & Youth memberships increase 5%, personal training fees increased between 12% and 18% effective 7/1/14

Palmer Hills G.C.

$1 increase to 9-hole and Sundown greens fees effective 1/1/14

Splash Landing No fee increase.

Recreation $10 - $15 increase for adult softball teams, $5 increase for novice softball players, $2 increase for Parks t-shirts

Family Museum No fee increase. Fee structure to be examined.

Transit No fee increase.

FY 2014/15 Budget Highlights:12) User Fees - Continue to adjust user fees, when appropriate, to offset increases in the cost of programs.

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Proposed Solid Waste Fee Increase 3%

Continue 3% increases each April 1 to balance revenues and expenditures – BREAKEVEN

With the implementation of single stream recycling carts and trucks, 4% increases may be needed beginning 4/1/16.

City of BettendorfFY 2014/15 Budget ReviewGarbage Fees

Size

Current Monthly

Fee Annualized

Monthly fee

beginning 4/1/2014

Monthly Increase Annualized

Annual Increase

Monthly fee beginning

4/01/2015

Monthly fee beginning

4/01/2016

Monthly fee beginning

4/01/2017

Monthly fee beginning

4/01/2018

Monthly fee beginning

4/01/2019

Percentage increase 3.00% 3.00% 4.00% 4.00% 4.00% 4.00%

32 gallon/twice per mo 6.58 78.96 6.78 0.20 81.36 2.40 6.98 7.26 7.55 7.85 8.16

32 gallon 9.86 118.32 10.16 0.30 121.92 3.60 10.46 10.88 11.32 11.77 12.24

65 gallon 13.13 157.56 13.52 0.39 162.24 4.68 13.93 14.49 15.07 15.67 16.30

95 gallon 16.42 197.04 16.91 0.49 202.92 5.88 17.42 18.12 18.84 19.59 20.37

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Fee increases are primarily project driven. See CIP for details.$1.50 $2.00 $2.00 $2.00 $2.00 $2.35 $2.70 $3.05 $3.40 $3.75 $4.10 $4.26

$0.50$0.35

$0.35$0.35

$0.35$0.35

$0.35

4% 4%

FY 07/08

FY 08/09

FY 09/10

FY 10/11

FY 11/12

FY 12/13

FY 13/14

FY 14/15

FY 15/16

FY 16/17

FY 17/18

FY 18/19

Storm Water Rates with Planned Increases

Previous Rate Increase

City of BettendorfFY 2014/15Budget ReviewStorm Water Fees

Current Rates

Rates beginning 4/1/2014 Increase

Beginning 4/01/2015

Beginning 4/01/2016

Beginning 4/01/2017

Beginning 4/01/2018

Beginning 4/01/2019

Rate Increase 0.35 0.35 0.35 0.35 0.16 0.17

Rate per ERU 2.70 3.05 0.35 3.40 3.75 4.10 4.26 4.43

Monthly Cost per Average ERU of 1.25 3.38 3.81 0.44 4.25 4.69 5.13 5.33 5.54

Annual Cost per Average ERU of 1.25 40.50 45.75 5.28 51.00 56.25 61.50 63.90 66.45

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5-year Storm Water Plan: $3.96 million (assumes hiring 2 FTEs):

$850,000 Stafford Creek Bank Stabilization 18th to Crow Creek Rd., Tanglefoot – Maplecrest

$825,000 Small storm sewers, sewer linings, intake repair$664,000 Small storm water projects and engineering $485,000 Hopewell Creek detention at school$400,000 Middle Rd. – Stafford Creek Culvert

$275,000 Greenway Creek stabilization, Tanglefoot Terrace to Golden Valley Dr.

$200,000 Duck Creek stabilization phase VI$150,000 Blackbird Creek bank stabilization$115,000 West Pigeon Creek bank stabilization

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Fee increases are primarily project driven. See CIP for details.

$1.48 $1.68 $1.68 $1.68 $1.68 $1.88 $2.08 $2.28 $2.48 $2.68 $2.88 $2.97

$0.20 $0.20 $0.20$0.20 $0.20

$.20 $.20 3% 3%

FY 07/08

FY 08/09

FY 09/10

FY 10/11

FY 11/12

FY 12/13

FY 13/14

FY 14/15

FY 15/16

FY 16/17

FY 17/18

FY 18/19

Sewer Rates with Planned IncreasesPrevious Rate Increase

City of BettendorfFY 2014/15 Budget ReviewSewer Fees

Current Rates

Rates Beginning 4/1/2014 Increase

Beginning 4/01/2015

Beginning 4/01/2016

Beginning 4/01/2017

Beginning 4/01/2018

Beginning 4/01/2019

Rate Increase 0.20 0.20 0.20 0.20 0.09 0.09

Rate per 100 cu.ft. 2.08 2.28 0.20 2.48 2.68 2.88 2.97 3.06Monthly Cost of Average Usage (7.33 cu.ft. per month) 15.25 16.71 1.47 18.18 19.64 21.11 21.77 22.43

Annual Cost of Average Usage 182.96 200.55 17.64 218.14 235.73 253.32 261.24 269.16

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5-year Sewer Utility Plan: $7.5 million

$2.5 million Joint sewer improvements with Davenport

$1.8 million I-80 interceptor sewer: Spencer Creek tunneling

$1.6 million

Chimney seals, manhole rehab, sewer televising, pipe lining, etc.

$1 million

State and Grant sewer improvements in conjunction with I-74 project

$635,000 Various sewer improvements and engineering

34

Annual Impact of Property Taxes & Fee Changes in FY 14/15 Budget:

ResidentialMedian Value:

$165,260

Small BusinessMedian Value:

$500,000

City’s Portion of Property Tax

+$32.82(2.68% avg. increase)

-$313.75(2.87% avg. decrease)

Sewer Fees$1.88 per unit ($0.20 increase)

+$17.60(22 units/quarter)

+$45.60(57 units/quarter)

Storm Water Fees $2.35 per ERU ($0.35 increase)

+$4.20(1.00 ERU/month)

+$51.87(12.35 ERU/month)

Solid Waste Fees $12.75 per month (3% increase)(Based on 65 gal. Cart)

+$4.68 NA

Total Increase +$59.30(+$4.94 per Month)

-$216.28(-$18.02 per month)

Total Annual Cost of Services in FY 14/15

$1,490 $6,956

35

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FY 13/14 Cost of City Services & Utilities for Typical $165,260 ResidenceIncluding City Property Taxes, Solid Waste Fees, Sewer Fees & Storm Water Fees for a sample

of 30 Iowa Cities with 2010 Census populations of 10,000 or More*

Storm Water

Sewer

Solid Waste

Property Tax

*Assumptions: Bettendorf median home value of $165,260, 65 gallon or comparable garbage cart, sewer usage of 7.33 units per month (733 cu. ft.), and a Storm Water ERU of 1.00. For cities using private solid waste collection, the cost above reflects rates provided by private haulers. --Prepared by Bettendorf finance staff with FY 13/14 tax levies and service fees from city websites and billing departments as of 1/28/14.

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1,96

4

1,99

2

2,00

8

2,01

2

2,05

1

2,08

4

2,46

1

36

Alto

ona;

753

.77

Urb

anda

le; 7

88.9

2

Cliv

e; 8

23.3

8

Pella

; 836

.81

Ames

; 895

.08

Dubu

que;

908

.93

Nor

th Li

bert

y; 9

09.4

9

John

ston

; 919

.17

Spen

cer;

975

.29

Ceda

r Fal

ls; 9

90.9

9

Anke

ny; 9

91.5

Wes

t Des

Moi

nes;

993

.36

Bett

endo

rf; 1

034.

58

Carr

oll;

1063

.81

Wau

kee;

111

2.89

Cora

lvill

e; 1

115.

17

Stor

m La

ke; 1

117.

83

Fort

Mad

ison;

122

7.12

New

ton;

124

8.71

Ceda

r Rap

ids;

125

4.37

Mus

catin

e; 1

291.

95

Burli

ngto

n; 1

302.

85

Keok

uk; 1

310.

77

Siou

x Ci

ty; 1

339.

42

Dave

npor

t; 1

383.

28

Iow

a City

; 138

5.36

Des M

oine

s; 1

394.

82

Wat

erlo

o; 1

442.

08

Coun

cil B

luffs

; 146

3.25

Ott

umw

a; 1

673.

76

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

FY 13/14 Cost of Property Taxes for Median Bettendorf ResidenceA sample of 30 Iowa Cities with 2010 Census populations of 10,000 or More*

*Assumptions: Bettendorf median home value of $165,260.--Prepared by Bettendorf finance staff with FY 13/14 tax levies.

37

Ames

; 598

.35

Urb

anda

le; 6

11.6

8

Bett

endo

rf; 6

22.3

9

John

ston

; 624

.43

Anke

ny; 6

32.9

0

Cliv

e; 7

01.3

2

Alto

ona;

721

.51

Pella

; 785

.07

Nor

th Li

bert

y; 8

00.8

8

Wes

t Des

Moi

nes;

828

.49

Wau

kee;

839

.20

Spen

cer;

895

.13

Dubu

que;

904

.96

Cora

lvill

e; 9

40.3

9

Ceda

r Fal

ls; 9

44.6

6

Carr

oll;

955.

42

Burli

ngto

n; 9

98.7

3

Siou

x Ci

ty; 1

008.

20

Stor

m La

ke; 1

026.

14

Ceda

r Rap

ids;

103

7.06

Iow

a City

; 105

3.17

Mus

catin

e; 1

053.

52

Des M

oine

s; 1

056.

01

Keok

uk; 1

133.

27

New

ton;

116

3.29

Wat

erlo

o; 1

186.

49

Fort

Mad

ison;

118

8.36

Dave

npor

t; 1

214.

29

Coun

cil B

luffs

; 123

8.27

Ott

umw

a; 1

410.

35

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

FY 13/14 Cost of Operating Levy Only for Median Bettendorf ResidenceA sample of 30 Iowa Cities with 2010 Census populations of 10,000 or More*

*Assumptions: Bettendorf median home value of $165,260.--Prepared by Bettendorf finance staff with FY 13/14 tax levies.Current Bettendorf operating (General Fund) Levy = $7.55

38

Dubu

que;

3.9

8

Alto

ona;

32.

27

Fort

Mad

ison;

38.

76

Ceda

r Fal

ls; 4

6.33

Pella

; 51.

74

Spen

cer;

80.

17

New

ton;

85.

43

Stor

m La

ke; 9

1.68

Carr

oll;

108.

39

Nor

th Li

bert

y; 1

08.6

1

Cliv

e; 1

22.0

7

Wes

t Des

Moi

nes;

164

.87

Dave

npor

t; 1

68.9

9

Cora

lvill

e; 1

74.7

8

Urb

anda

le; 1

77.2

4

Keok

uk; 1

77.5

0

Ceda

r Rap

ids;

217

.31

Coun

cil B

luffs

; 224

.98

Mus

catin

e; 2

38.4

3

Wat

erlo

o; 2

55.5

9

Ott

umw

a; 2

63.4

1

Wau

kee;

273

.69

John

ston

; 294

.74

Ames

; 296

.73

Burli

ngto

n; 3

04.1

2

Siou

x Ci

ty; 3

31.2

2

Iow

a City

; 332

.19

Des M

oine

s; 3

38.8

1

Anke

ny; 3

58.6

0

Bett

endo

rf; 4

12.1

8

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

FY 13/14 Cost of Debt Levy Only for Median Bettendorf ResidenceA sample of 30 Iowa Cities with 2010 Census populations of 10,000 or More*

*Assumptions: Bettendorf median home value of $165,260.--Prepared by Bettendorf finance staff with FY 13/14 tax levies.Current Bettendorf Debt Levy = $5.00

39

Bett

endo

rf; 2

06.0

0

Ceda

r Rap

ids;

245

.26

Urb

anda

le; 2

48.5

2

Wat

erlo

o; 2

52.8

8

Spen

cer;

296

.19

Mus

catin

e; 2

97.5

8

Ceda

r Fal

ls; 3

03.1

1

Cora

lvill

e; 3

11.6

6

Fort

Mad

ison;

317

.53

Ames

; 325

.26

Dave

npor

t; 3

27.2

0

New

ton;

334

.31

Cliv

e; 3

40.6

4

Dubu

que;

350

.96

Stor

m La

ke; 3

73.0

4

John

ston

; 381

.94

Siou

x Ci

ty; 3

82.7

6

Wes

t Des

Moi

nes;

384

.53

Coun

cil B

luffs

; 395

.99

Carr

oll;

400.

66

Des M

oine

s; 4

00.6

7

Iow

a City

; 400

.88

Burli

ngto

n; 4

22.6

6

Pella

; 426

.60

Keok

uk; 4

97.2

9

Alto

ona;

501

.25

Nor

th Li

bert

y; 5

10.7

8

Wau

kee;

554

.29

Ott

umw

a; 5

91.8

1

Anke

ny; 6

19.2

5

$0

$100

$200

$300

$400

$500

$600

$700

FY 13/14 Cost of Sewer Utility Charges for Typical Bettendorf ResidenceA sample of 30 Iowa Cities with 2010 Census populations of 10,000 or More*

*Assumptions: Sewer usage of 7.33 units per month (733 cu. ft.) --Prepared by Bettendorf finance staff.

40

John

ston

; 123

.60

Alto

ona;

132

.00

Wes

t Des

Moi

nes;

135

.00

Cliv

e; 1

37.4

0

Carr

oll;

149.

28

Bett

endo

rf; 1

57.5

6

Wat

erlo

o; 1

62.0

0

Dave

npor

t; 1

66.8

0

Des M

oine

s; 1

71.9

6

Urb

anda

le; 1

74.0

0

Burli

ngto

n; 1

74.0

0

Siou

x Ci

ty; 1

78.8

0

Fort

Mad

ison;

180

.00

New

ton;

182

.40

Pella

; 182

.64

Spen

cer;

186

.00

Iow

a City

; 186

.00

Coun

cil B

luffs

; 192

.00

Ott

umw

a; 1

95.6

0

Wau

kee;

196

.80

Ceda

r Fal

ls; 2

04.0

0

Keok

uk; 2

04.0

0

Ceda

r Rap

ids;

222

.12

Cora

lvill

e; 2

28.0

0

Mus

catin

e; 2

40.0

0

Dubu

que;

264

.00

Stor

m La

ke; 2

76.0

0

Nor

th Li

bert

y; 2

99.4

0

Ames

; 315

.00

Anke

ny; 3

15.0

0

$0

$50

$100

$150

$200

$250

$300

$350

FY 13/14 Cost of Solid Waste Charges for Typical Bettendorf ResidenceA sample of 30 Iowa Cities with 2010 Census populations of 10,000 or More*

*Assumptions: 65 gallon or nearest comparable garbage cart. For cities using private waste collection, the cost reflects rates provided by private haulers.--Prepared by Bettendorf finance staff.

41

Pella

; 0.0

0

Nor

th Li

bert

y; 0

.00

New

ton;

0.0

0

Keok

uk; 0

.00

Coun

cil B

luffs

; 0.0

0

Ott

umw

a; 0

.00

Fort

Mad

ison;

12.

00

Urb

anda

le; 2

4.00

Cora

lvill

e; 2

4.00

Burli

ngto

n; 2

6.16

Dave

npor

t; 2

8.20

Bett

endo

rf; 3

2.40

Wat

erlo

o; 3

3.00

Ceda

r Fal

ls; 3

6.00

Carr

oll;

36.0

0

Stor

m La

ke; 3

6.00

Iow

a City

; 36.

00

Ames

; 41.

40

Siou

x Ci

ty; 4

2.00

Wes

t Des

Moi

nes;

51.

00

Wau

kee;

51.

00

Alto

ona;

54.

00

John

ston

; 54.

60

Ceda

r Rap

ids;

57.

36

Cliv

e; 6

3.48

Anke

ny; 6

6.00

Dubu

que;

67.

20

Spen

cer;

87.

96

Des M

oine

s; 1

16.8

8

Mus

catin

e; 1

34.4

0

$0

$20

$40

$60

$80

$100

$120

$140

$160

FY 13/14 Cost of Storm Water Utility Charges for Typical Bettendorf ResidenceA sample of 30 Iowa Cities with 2010 Census populations of 10,000 or More*

*Assumptions: Storm Water ERU of 1.00**No separate Storm Water fees.--Prepared by Bettendorf finance staff.

42

Cliv

e; 1

.39%

Urb

anda

le; 1

.53%

John

ston

; 1.6

5%

Bett

endo

rf; 2

.18%

Alto

ona;

2.3

0%

Wes

t Des

Moi

nes;

2.4

4%

Pella

; 2.4

7%

Wau

kee;

2.5

7%

Anke

ny; 2

.77%

Nor

th Li

bert

y; 2

.88%

Ceda

r Fal

ls; 3

.24%

Cora

lvill

e; 3

.28%

Ceda

r Rap

ids;

3.6

1%

Carr

oll;

3.63

%

Spen

cer;

3.7

1%

Dubu

que;

3.7

2%

Ames

; 3.9

1%

Mus

catin

e; 4

.25%

Stor

m La

ke; 4

.42%

New

ton;

4.4

7%

Dave

npor

t; 4

.51%

Fort

Mad

ison;

4.5

3%

Siou

x Ci

ty; 4

.55%

Wat

erlo

o; 4

.66%

Des M

oine

s; 4

.72%

Coun

cil B

luffs

; 4.8

5%

Burli

ngto

n; 4

.92%

Iow

a City

; 4.9

3%

Keok

uk; 5

.89%

Ott

umw

a; 6

.93%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

FY 13/14 Cost of City Services & Utilities for Typical $165,260 Residence as a Percentage of Household Income

Including City Property Taxes, Solid Waste Fees, Sewer Fees & Storm Water Fees for a sample of 30 Iowa Cities with 2010 Census populations of 10,0

*Assumptions: Bettendorf median home value of $165,260, 65 gallon or comparable garbage cart, sewer usage of 7.33 units per month (733 cu. ft.), and a Storm Water ERU of 1.00. For cities using private solid waste collection, the cost above reflects rates provided by Waste Management of Iowa. --Prepared by Bettendorf finance staff with FY 13/14 tax levies and service fees from city websites and billing departments as of 1/28/14. Bettendorf median household income = $65,604

43

City of BettendorfProperty Taxes Generated from all Property Types2014/15 Budget

SOURCES OF NEW TAX $ FY 2013/14 TAX FY 2014/15 TAX TAX

BY PROPERTY TYPE ASSESSED TAXABLE DOLLARS** ASSESSED TAXABLE DOLLARS* INCREASE

VALUE VALUE* 12.55000 VALUE VALUE* 12.55000 (DECREASE)

Residential existing 2,454,761,423 1,295,464,974 16,269,289 2,447,035,062 1,330,215,321 16,704,909 435,620 2.68%

Residential new 0 0 0 53,135,500 28,905,818 362,768 362,768

Commercial existing** 459,073,798 459,073,798 6,116,988 472,749,543 445,627,090 5,941,151 (175,837) -2.87%

Commercial new 0 0 0 27,191,870 25,832,277 324,195 324,195

Industrial existing 34,047,133 34,047,133 452,197 32,301,332 30,533,178 398,502 (53,695) -11.87%

Industrial new 0 0 0 1,589,580 1,510,101 18,952 18,952

Public Utility 14,660,242 14,660,242 183,986 7,270,077 7,251,332 91,004 (92,982)

Less Military exemption (3,959,644) (3,959,644) (49,694) (3,926,308) (3,926,308) (49,275) 419

TOTAL* 2,958,582,952 1,799,286,503 22,972,766 3,037,346,656 1,865,948,808 23,792,205 819,439

Ag land & buildings 7,138,250 4,278,200 12,851 9,661,340 4,192,989 12,595 (254)

TOTAL* 2,965,721,202 1,803,564,703 22,985,617 3,047,007,996 1,870,141,797 23,804,800 819,185

$705,915 or 60.3% of additional tax dollars come from NEW construction. State replacement revenue for 5% commercial rollback 351,726

Total new available tax dollars 1,170,911

*Taxable values do not include TIF Increment.**Tax dollars includeTIF increment for Debt Service. Major changes in expenditures:Rollback on residential FY 14/15 = 54.4002% up from 52.8166% Debt Service $316,138

Rollback on commercial FY 14/15 = 95% down from 100% New personnel, HR/Legal & contracted personnel $114,773

Healthcare bonus $75,274

Levy cent increase = Tax dollars General Fund wage increases(COLA, Merit, Steps) $143,727

0.01 $18,659 Employee Benefits (Health, Pension, IPERS, deferred) $206,931

0.05 $93,297 Liability Insurance $72,975

0.10 $186,595 Transfer out to Transit(operating increases) $117,368

0.25 $466,487 General operating expenditures $123,725Total $1,170,911

44

City of BettendorfProperty Tax Levy Impact on 100 Residential PropertiesFY 2013/14 vs FY 2014/15

1/1/12 City 1/2/13 CityAssessed Value 52.8176% Taxes at Assessed Value 54.4002% Taxes at

School Collectible Rollback 12.55000 Collectible Rollback 12.55000 Tax $ Tax %Parcel # name District FY 2013/14 Applied FY 13/14 FY 2014/15 Applied FY 14/15 Inc (Dec) Inc (Dec)

842701101 stahle BE 140,430 74,172 870 140,290 76,318 897 27 3.10%841503129 gettert PV 178,250 94,147 1,121 176,670 96,109 1,145 25 2.20%84295411511 denker BE 151,810 80,182 945 151,740 82,547 975 30 3.14%842151104 johnson BE 162,070 85,601 1,013 160,490 87,307 1,035 21 2.11%841637286 ploehn BE 113,790 60,101 693 112,690 61,304 708 15 2.18%841501305 degreve PV 198,840 105,023 1,257 196,990 107,163 1,284 27 2.14%84294921611 mansholt BE 136,410 72,048 843 136,230 74,109 869 26 3.07%842149301 ibarra BE 118,130 62,393 722 117,970 64,176 745 22 3.10%842735408 ulloa BE 127,790 67,496 786 153,170 83,325 985 199 25.27%842934201 lampe BE 364,570 192,557 2,356 364,570 198,327 2,428 72 3.07%842944111101 mcguirt BE 173,360 91,565 1,088 164,640 89,564 1,063 (25) -2.31%841451201 christians PV 320,720 169,397 2,065 317,640 172,797 2,108 43 2.07%842103117 carlson BE 116,890 61,738 714 115,820 63,006 730 16 2.23%842946123081 bruce BE 180,900 95,547 1,138 180,470 98,176 1,171 33 2.90%842255219 voelliger PV 269,110 142,137 1,723 266,680 145,074 1,760 37 2.14%841633141 uhde BE 137,450 72,598 850 137,160 74,615 876 25 2.98%841707815 verdon BE 139,910 73,897 867 138,440 75,312 884 18 2.05%84285210507 green BE 102,360 54,064 618 102,230 55,613 637 19 3.15%841619302 kvach BE 155,240 81,994 968 153,810 83,673 989 21 2.18%8429191B61 mayne BE 202,170 106,781 1,279 202,060 109,921 1,319 39 3.08%841551360 hunt PV 136,150 71,911 842 134,970 73,424 861 19 2.26%841049206 vale PV 203,850 107,669 1,290 202,050 109,916 1,319 28 2.19%841755216 cowherd BE 92,480 48,846 552 91,570 49,814 564 12 2.20%841607215 raab BE 207,650 109,676 1,316 205,750 111,928 1,344 28 2.15%8416351A1 parker BE 117,800 62,219 720 117,800 64,083 743 23 3.25%841723515 reinhold BE 173,080 91,417 1,086 171,310 93,193 1,109 22 2.05%842007213 marinaccio BE 140,370 74,140 870 139,020 75,627 888 19 2.15%841723214 holstrom BE 168,000 88,734 1,053 166,330 90,484 1,075 22 2.09%851835230 mcclurg PV 280,340 148,069 1,797 277,820 151,135 1,836 38 2.14%84282711404 all ison BE 36,860 19,469 183 43,600 23,718 237 53 29.07%841653230 otero BE 122,150 64,517 749 121,000 65,824 765 16 2.19%841545896 parkin PV 98,870 52,221 595 97,750 53,176 606 12 2.02%842251216 anhault PV 222,980 117,773 1,417 220,990 120,219 1,448 31 2.17%842253330 behan PV 237,000 125,178 1,510 234,800 127,732 1,542 32 2.12%84281710302 hampton BE 125,430 66,249 771 125,310 68,169 795 24 3.13%84293510605 thomas BE 149,890 79,168 933 149,890 81,540 962 30 3.19%841651123 mortiboy BE 153,230 80,932 955 151,770 82,563 975 20 2.14%

2014/152013/14

45

City of BettendorfProperty Tax Levy Impact on 100 Residential PropertiesFY 2013/14 vs FY 2014/15

1/1/12 City 1/2/13 CityAssessed Value 52.8176% Taxes at Assessed Value 54.4002% Taxes at

School Collectible Rollback 12.55000 Collectible Rollback 12.55000 Tax $ Tax %Parcel # name District FY 2013/14 Applied FY 13/14 FY 2014/15 Applied FY 14/15 Inc (Dec) Inc (Dec)842805104 nickles BE 206,840 109,248 1,310 204,740 111,379 1,337 27 2.04%841419215 bloomer PV 245,040 129,424 1,563 242,550 131,948 1,595 32 2.03%841635194 zukowski BE 119,400 63,064 731 119,210 64,850 753 22 3.07%842701103 rosa-gastaldo BE 108,440 57,275 658 107,300 58,371 672 14 2.09%842945202 boland BE 119,560 63,149 732 118,310 64,361 747 15 2.08%8429202D11 mook BE 208,600 110,178 1,322 200,220 108,920 1,306 (16) -1.19%841017610 adamson PV 305,020 161,104 1,961 293,800 159,828 1,945 (16) -0.82%840923107 borden BE 333,620 176,210 2,151 330,680 179,891 2,197 46 2.15%842924102 fleming BE 134,780 71,188 833 134,780 73,321 859 27 3.22%842908304 dean BE 114,260 60,349 697 113,090 61,521 711 15 2.11%842836207 jensen BE 196,580 103,829 1,242 194,750 105,944 1,269 27 2.14%8421491A5 stoebner BE 112,640 59,494 686 117,570 63,958 742 56 8.17%842853215 nelson BE 69,420 36,666 399 69,420 37,765 413 14 3.45%842843118 deere BE 75,680 39,972 441 71,800 39,059 429 (11) -2.60%842855205 tinker BE 41,790 22,072 216 50,820 27,646 286 70 32.36%8416072B9 mcneely BE 167,900 88,681 1,052 166,250 90,440 1,074 22 2.10%841503126 koenig PV 169,490 89,521 1,063 175,990 95,739 1,141 78 7.34%841633224 lepley BE 118,520 62,599 725 117,380 63,855 741 16 2.17%842801302 mosley BE 113,850 60,133 694 112,710 61,314 709 15 2.14%842201116 leonard BE 149,570 78,999 931 148,110 80,572 950 20 2.12%841707105 banda BE 199,090 105,155 1,259 197,030 107,185 1,284 25 2.02%841633456 decook BE 116,350 61,453 710 115,240 62,691 726 16 2.19%842824104071 malone BE 102,050 53,900 616 101,840 55,401 634 19 3.06%841549140 angerer BE 118,280 62,473 723 117,200 63,757 739 16 2.23%842023533 teagarden BE 214,090 113,077 1,358 212,020 115,339 1,387 28 2.09%841249102 engel PV 264,970 139,951 1,696 262,430 142,762 1,731 35 2.08%841303211 stewart PV 344,560 181,988 2,223 341,500 185,777 2,271 48 2.14%841651262 elkins BE 129,350 68,320 797 128,080 69,676 814 17 2.14%840955712 lewis BE 259,710 137,173 1,661 257,230 139,934 1,695 35 2.09%842007303 scherz BE 121,620 64,237 745 120,540 65,574 762 17 2.25%841545892 alejandro PV 99,370 52,485 598 98,260 53,454 610 12 2.03%8409538104 myers BE 137,670 72,714 852 117,470 63,904 741 (111) -12.98%841755233 guilfoyle BE 99,890 52,760 601 98,930 53,818 615 13 2.21%842844104 betts BE 80,770 42,661 475 80,770 43,939 491 16 3.38%8414353011 webster PV 205,080 108,318 1,299 203,180 110,530 1,326 28 2.14%841139322 nutt PV 368,860 194,823 2,384 365,660 198,920 2,436 51 2.16%842009108 scholbrock BE 135,510 71,573 837 134,290 73,054 856 19 2.22%841637149 danielson BE 119,190 62,953 729 118,080 64,236 745 16 2.21%

2014/152013/14

46

City of BettendorfProperty Tax Levy Impact on 100 Residential PropertiesFY 2013/14 vs FY 2014/15

1/1/12 City 1/2/13 CityAssessed Value 52.8176% Taxes at Assessed Value 54.4002% Taxes at

School Collectible Rollback 12.55000 Collectible Rollback 12.55000 Tax $ Tax %Parcel # name District FY 2013/14 Applied FY 13/14 FY 2014/15 Applied FY 14/15 Inc (Dec) Inc (Dec)841551353 gonzalez PV 142,480 75,255 884 141,110 76,764 903 19 2.14%841619253 johnson BE 126,530 66,830 778 125,250 68,136 794 16 2.11%842928112 silver BE 225,140 118,914 1,431 224,900 122,346 1,475 43 3.01%841623153 said PV 151,240 79,881 942 149,780 81,481 962 20 2.13%841651412 miller BE 160,540 84,793 1,003 158,990 86,491 1,025 21 2.12%841435303 assadi PV 199,820 105,540 1,264 197,830 107,620 1,290 26 2.07%842201148 plett BE 130,780 69,075 806 129,640 70,524 824 18 2.26%841549256 meenakshi PV 140,000 73,945 867 140,000 76,160 895 28 3.21%841503504 stecker PV 233,870 123,525 1,489 231,870 126,138 1,522 33 2.20%842007304 donnelly BE 130,700 69,033 805 129,480 70,437 823 18 2.19%841333413 tallman PV 193,390 102,144 1,221 191,650 104,258 1,248 27 2.17%841633328 helfrich BE 143,690 75,894 892 142,150 77,330 910 18 2.02%8412491081 weerts PV 343,360 181,355 2,215 340,300 185,124 2,262 47 2.14%842151201 chambers BE 151,190 79,855 941 156,920 85,365 1,010 69 7.35%841601401 gallagher PV 216,370 114,281 1,373 214,390 116,629 1,403 29 2.14%841449101 hutchinson PV 308,630 163,011 1,985 305,770 166,339 2,027 42 2.10%842135135 lemons BE 109,920 58,057 668 109,920 59,797 690 22 3.27%841601429 kilstrom BE 258,260 136,407 1,651 255,740 139,123 1,685 34 2.06%841433107 barnes PV 327,000 172,714 2,107 323,690 176,088 2,149 42 2.01%841601517 delugish BE 271,270 143,278 1,737 268,650 146,146 1,773 36 2.07%8416072C4 vandyke BE 160,920 84,994 1,006 159,400 86,714 1,027 22 2.15%842023530 sakalosky BE 229,180 121,047 1,458 227,120 123,554 1,490 31 2.16%84211940J naumann BE 160,710 84,883 1,004 159,170 86,589 1,026 21 2.13%841533879 schlicht BE 116,570 61,569 712 115,320 62,734 726 15 2.05%841601505 endresen BE 244,160 128,959 1,558 241,790 131,534 1,590 32 2.07%

Sample Total 17,259,460 9,116,033 108,319 17,141,550 9,325,037 110,942 2,623 2.42%

City-wide average on existing residential properties from 1/1/13 tax rolls 2,454,761,423 1,295,464,974 16,269,289 2,447,035,062 1,330,215,321 16,704,909 435,620 2.68%

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City of BettendorfProperty Tax Levy Impact on 26 Commercial PropertiesFY 2012/13 vs. FY 2013/14

1/1/12 City 1/1/13 CityAssessed Value 100.0000% Taxes Assessed Value 95.0000% Taxes

Collectible Rollback 12.55000 Collectible Rollback 12.55000 Tax $ Tax %FY 2013/14 Applied 2013/14 FY 2014/15 Applied 2014/15 Inc (Dec) Inc (Dec)

Hy-Vee, Middle and Devi ls Glen. (New const. 2006) 11,434,230 11,434,230 143,500 10,456,720 9,933,884 124,670 (18,829) -13.12%Bridge Mart (To be demolished) 556,520 556,520 6,984 617,780 586,891 7,365 381 5.46%Chateau Knoll 13,327,650 13,327,650 167,262 19,612,440 18,631,818 233,829 66,567 39.80%Jumers 3,708,970 3,708,970 46,548 5,038,060 4,786,157 60,066 13,519 29.04%Northwest Bank 2,550,000 2,550,000 32,003 2,518,490 2,392,566 30,027 (1,976) -6.17%Bank Orion, 1855 Middle Rd. 856,100 856,100 10,744 875,220 831,459 10,435 (309) -2.88%Culver's 3,831,970 3,831,970 48,091 3,988,070 3,788,667 47,548 (543) -1.13%Old Chicago 993,300 993,300 12,466 976,820 927,979 11,646 (820) -6.58%Dr. TLC Healthcare 352,580 352,580 4,425 368,220 349,809 4,390 (35) -0.79%Bettendorf Muffl er 78,780 78,780 989 101,520 96,444 1,210 222 22.42%Trattoria Tiramisu 290,790 290,790 3,649 265,150 251,893 3,161 (488) -13.38%Steve's Mirror 249,730 249,730 3,134 243,670 231,487 2,905 (229) -7.31%McDonalds, 2960 State St. 747,290 747,290 9,378 797,090 757,236 9,503 125 1.33%Twin Bridges 823,980 823,980 10,341 823,980 782,781 9,824 (517) -5.00%Happy Joe's 693,500 693,500 8,703 705,450 670,178 8,411 (293) -3.36%US Bank, 3120 Middle Rd. 1,179,600 1,179,600 14,804 1,132,650 1,076,018 13,504 (1,300) -8.78%Lincoln Health Care, 865 Lincoln Rd. (Int. Remodel 2005) 5,342,790 5,342,790 67,052 5,614,700 5,333,965 66,941 (111) -0.17%Su Casa 287,980 287,980 3,614 279,030 265,079 3,327 (287) -7.95%Geneseo Communications 2,958,490 2,958,490 37,129 3,700,000 3,515,000 44,113 6,984 18.81%Nelson Bros. Property, 940 Lincoln Rd. (Furnace 2006) 535,530 535,530 6,721 496,940 472,093 5,925 (796) -11.85%Ascentra C.U. 1710 Grant St. (Int. Remodel 2006) 1,065,520 1,065,520 13,372 937,220 890,359 11,174 (2,198) -16.44%K&K Hardware. (Int. Remodel 2006) 1,099,210 1,099,210 13,795 1,030,690 979,156 12,288 (1,507) -10.92%Ultimate Fitness 428,690 428,690 5,380 345,160 327,902 4,115 (1,265) -23.51%Arndt Chiropractic / The Bridal Room 377,200 377,200 4,734 351,170 333,612 4,187 (547) -11.56%Tanglewood LLC, 4250 Middle Rd 954,160 954,160 11,975 1,134,790 1,078,051 13,530 1,555 12.98%Apartment Buildings 747,930 747,930 9,387 730,130 693,624 8,705 (682) -7.26%

SAMPLE TOTAL 55,472,490 55,472,490 696,180 63,141,160 59,984,102 752,800 56,621 8.13%City-wide average on existing commercial properties from 1/1/13 Tax rolls 459,073,798 459,073,798 6,116,988 472,749,543 445,627,090 5,941,151 -175,837 -2.87%

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Questions?

We are pleased to recommend a balanced budget for the Council

to review…

Saturday’s budget work session:8:00am to 4:00 pm