City of Marshall2014 Budget/Tax Levy

Public HearingDecember 10, 2013

6:30 p.m.

Office of the City Administrator

Budget/Tax Levy Meeting

Initial Hearing, 6:30 P.M. December 10, 2013.

Continuation Hearing 5:30 P.M. December 17, 2013 (if continued by Council tonight).

Adoption, December 17, 2013

Presentation

Focus on those funds related to property tax levies.

Historical information on tax rates. Revenues and Expense Summaries 2014. Public Comment or Questions.

Certified Levy 2013 $4,974,983 Certified Preliminary Levy 2014 $5,119,357 The proposed increase from 2013-2014 is

$144,474, or increase of 2.9%.

Proposed Tax Levy

Total proposed — All non-property tax = Property tax revenue needed (levy)local budget revenue, eg:

*State aid*Fees, etc.

Taxable x State mandated class = Total "tax capacity" market value rates

Property tax ÷ Total "tax capacity" = Property tax rate ("tax capacity" revenue needed extension rate)(levy)

How are property tax rates determined?

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Tax Capacity Without TIF

6397200 6777687 7463527 8215275 8520358 9061565 9506725 9663390 9605127 9913382 10209421

TIF Tax Ca-pacity

1048019 1145119 1157109 1211481 1248477 1302986 969691 936888 594484 598146 545463

Series3 NaN NaN NaN NaN NaN NaN NaN NaN NaN NaN NaN

Total Tax Ca-pacity

7445219 7922806 8557866 9426756 9768835 10364551 10476416 10600278 10199611 10511528 10754884

500,000

1,500,000

2,500,000

3,500,000

4,500,000

5,500,000

6,500,000

7,500,000

8,500,000

9,500,000

10,500,000

11,500,000

City of MarshallTax Capacity - (2004 - 2014)

General FundREVENUE COMPARISONS

2011 - 2014

Library$524,405

10%

Special Levy $1,207,883

24%

Economic Devel-opment Authority

$119,6772%

General Fund$3,267,392

64%

2014 Marshall Property Tax Levy

TOTAL $5,119,357

Fund Description Property Tax Levy Funding ($)

General Fund $3,267,392

Library $524,405

Economic Development $119,677

Debt Service $1,207,883

Subtotal $5,119,357

2014 ProposedUse of Property Tax Revenue

HOW IS MY 2014“CITY”TAX DOLLAR ($1.00) SPENT?

General Fund LibraryDebitService (1)

Economic Development (2)

64¢ 24¢10¢ 2¢14¢ - General Government – (Senior Center, Transit, Data Processing, Municipal Building, Community Development, Administration, Finance/Clerk, Assessing, Legal, Cable, Mayor/Council, Motor Pool, Duplication, Safety, Human Rights)

20¢ - Public Safety – (Police, Fire, Emergency Management, Animal Control, Chemical Assessment Team, Ambulance Bldg.)

20¢ - Public Works – (Engineering, Street, Airport, Street Lighting, Building Inspection, Public Way Maintenance)

10¢ - Culture & Recreation – (Parks, Recreation, Community Education, Aquatic Center, Band, Ice Arena, Youth Development, Community Services Administration/General)

64¢

General FundEXPENDITURE COMPARISONS

2013-2014

General FundEXPENDITURE COMPARISONS

2013-2014

GENERAL FUNDExpenditure Breakdown By

Type2013 vs 2014

City of Marshall2014 Budget & Levy Public Hearing

Tuesday, December 10, 2013- 6:30 P.M.Professional Development Room

Marshall Middle School, 401 South Saratoga Street

1. Public Hearing on 2014 Budget & LevyA. Staff PresentationB. Public Comment

2. Continuation Hearing of 2014 Property Tax Levy/Budget:(if necessary)

December 17, 20136:30 P.M.

Marshall Middle School, 401 South Saratoga Street

3. Adoption of 2014 Property Tax Levy/Budget:Regular City Council Meeting

December 17, 20136:30 P.M.

Marshall Middle School, 401 South Saratoga Street

2013Revenues

2014 Revenues

806,960 831,424

2013 Expenses

2014Expenses

806,960 862,316

Marshall-Lyon County Library

2013Revenues

2014Revenues

119,677 119,677

2013 Expenses

2014 Expenses

133,281 129,641

Economic Development

2014Revenues ($)

2014Expenses ($)

Wastewater 5,122,523 5,774,606

Stormwater 945,464 1,971,354

Liquor Store 3,841,006 3,767,016

Enterprise Funds