City of Marshall2013 Budget/Tax Levy

Public HearingDecember 4, 2012

6:00 p.m.

Office of the City Administrator

Budget/Tax Levy Meeting

Initial Hearing, December 4, 2012. Continuation Hearing 6:00 P.M. December

11, 2012 (if continued by Council tonight). Adoption (tentative December 11 or 18 if

necessary).

Presentation

Focus on those funds related to property tax levies.

Historical information on tax rates. Revenues and Expense Summaries 2013. Public Comment or Questions.

Certified Levy 2012 $4,806,667. Certified Preliminary Levy 2013 $4,974,883 The proposed increase from 2012-2013 is

$168,316, or increase of 3.5%.

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?

Residential Property Tax Comparison 2012-2013

Residential Property Tax Comparison 2012-2013

Commercial/Industrial Tax Comparison 2012-2013

Commercial/Industrial Tax Comparison 2012-2013

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 20130

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

8,000,000

9,000,000

10,000,000

11,000,000

12,000,000

City of MarshallTax Capacity - (2003 - 2013)

Property & Franchise

Taxes$3,865,392

39%

Licenses & Permits

$328,0903%

Intergov. Revenue$2,587,770

26%

Charges for Serv.

$1,314,40613%

Fines & Forfeits120100

1%

Misc. Revenue223000

2%

Other Fin. Sources1601823

16%

GENERAL FUNDFY 2013 Revenues

$10,040,581

Fund Description Property Tax Levy Funding ($)General Fund $3,267,392Library $524,405Economic Development $119,677Debt Service $1,063,509Subtotal $4,974,983

2013 ProposedUse of Property Tax Revenue

HOW IS MY 2013“CITY”TAX DOLLAR ($1.00) SPENT?

General Fund LibraryDebitService (1)

Economic Development (2)

66¢ 21¢11¢ 2¢13¢ - 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)

21¢ - 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)

9¢ - Culture & Recreation – (Parks, Recreation, Community Education, Aquatic Center, Band, Ice Arena, Youth Development, Community Services Administration/General)

3¢ - Other – (Insurance Contingency/Transfers Out)66¢

REVENUES Bond Proceeds $1,541,000 GF Transfer-In $ 340,960 Pooled TIF $1,201,900 MNDOT Aviation Funds $2,238,950 FAA Entitlements Funds $ 231,300 Wastewater Funds $ 265,000 Other $ 22,890 Capital Reserve $ 82,700 TOTAL $5,924,700

Capital Equipment Fund (New)

EXPENSES General Government

◦ Cable Commission $25,000$25.000

Public Safety◦ Police $259,500◦ Fire $466,000

◦Emergency Management Services $25,000 $750,500

Public Work◦ Engineering $47,700◦ Street Department $881,000◦ Airport $3,985,500◦ Public Ways Maintenance $18,500◦ Parks $100,500

$5,033,200

Community Services◦ Aquatic Center $16,000

$16,000

Other◦ Pedestrian Bridge $100,000

$100,000

TOTAL CAPITAL EXPENDITURES $5,924,700

Capital Equipment Fund (New)

City of Marshall2013 Budget & Levy Public Hearing

Tuesday, December 4, 2012- 6:00 P.M.Professional Development Room

Marshall Middle School, 401 South Saratoga Street

1. Public Hearing on 2013 Budget & LevyA. Staff PresentationB. Public Comment

2. Continuation Hearing of 2013 Property Tax Levy/Budget:(if necessary)

Special Council MeetingDecember 11, 2012

5:30 P.M. Marshall Middle School, 401 South Saratoga Street

3. Adoption of 2013 Property Tax Levy/Budget:Regular City Council Meeting

December 18, 20125:30 P.M.

Marshall Middle School, 401 South Saratoga Street

2012 Revenues

2013 Revenues

789,118 806,960

2012 Expenses

2013Expenses

822,732 806,960

Marshall-Lyon County Library

2012 Revenues

2013 Revenues

119,677 119,677

2012 Expenses

2013 Expenses

132,706 133,281

Economic Development

2013Revenues ($)

2013Expenses ($)

Wastewater 4,897,655 3,422,643

Stormwater 1,024,753 1,900,931

Liquor Store 3,764,610 3,701,137

Enterprise Funds