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7. 1993 Budget
041 1 CITY ,i OF t____ criANEllissrx 1 1 690 COULTER DRIVE • P.O. BOX 147 • CHANHASSEN, MINNESOTA 55317 <6 12) 937 -1900 • FAX (612) 937 -5739 MEMORA -.#A. UM 1 TO: Mayor and City Council 1 FROM: Don Ashworth, City Manager DATE: November 19, 1992 1 SUBJ 1993 Budget 1 Each session has gotten us closer to completing the 1993 budgetary process. Hopefully there will be sufficient time on Monday's agenda to discuss the following: - General Fund Revenues and Expenditures: Exhibit 1 is the revised general fund revenues and expenditures. The City Council has each of the detailed requests from department I heads from previous meetings. The summation of those requests produced $527,000 in expenditures greater than revenue. The Council asked that staff review the proposed revenues as well as identify expenditure cuts to balance the budget. The revised revenue 1 and expenditure sheets do such. So that the City Council can identify what modifications were made to revenues /expenditures, a specific listing of those is attached (Exhibit 2). — One of the objectives for Monday night will be to obtain City Council feedback as to priorities of the Council as well as Council reactions to the proposed changes. I should note that salary adjustments have been revised to the 3% level suggested by the Mayor at one of our sessions; and Anticipated Tax Impacts: Exhibit 3 reflects the impact if the 1993 budget is adopted using the 5% increase in our operational levy as set during the Truth in Taxation meetings. The attached schedule was prepared by Carver County using the tax record files and recognizing modifications in state law. In essence, Chanhassen's tax rate stays the same from 1992 to 1993, i.e. 25.4% (an additional $5,000 would need to be deleted from the proposed levies if the Council wishes to be assured of having a no tax increase position on any residential property). It is important to note that the state changes to the tax schedule were significant for higher valued homes. As can be shown on the statistical sheet, houses having higher values will see 12% to 13% reductions. To achieve tax reductions for higher valued homes, the legislature changed the formula for determining taxes on those homes. Although this change benefits higher valued homes, the effect of the change was to reduce overall property values by 6 %. The effect of the change, again, Is t 07 7 PRINTED ON RECYCLED PAPER 1 1 1 1 Mayor and City Council November 19, 1992 1 Page 2 I was nice for higher valued homes, but the burden of operating our city /county /school di Paying the costs associated with i fact made the budget bacin d ict i g s now borne by the lower valued homes. g g P ess more difficult recognizin This be losing 6% of our normal growtl1 to subsidize taxes on higher valued h m s would 1 Overall, taxes within School District 1 12, including the county and ci lev I property taxes. [Note: An exception y' will see an where improvements to the property have occurred.] Ptin should be made consider the percent drop as a result of the formula change. 4% rdireduction lyhigher does valued properties could see upward o f a 16% reduction in their Accordi Pr °pert Y taxes sgo 1 payable 1993. I should also caution Council members that this same for occur for property owners living within School District 276 phenomenon did not Minnetonka district recently approved major school additions and the 93 tax levy The I School District 276 reflects those increases in their debt payments, i.e. total rising fr for 64.5% in 1992 to 77.1% in 1993. With most of the homes being higher valued in Scho 1 District 276, we may not receive that many complaints as they ol the 12% to 13% reduction created by the formula change; and w °uld still benefit from - Public Hearing Presentation on December 9: 1 Hopefully we will be able to have an additional work session prior to the formal hearing on December 9. week, we should be ready to distribute a summary ng the n fu end c this 1 Enterprise including the typical graphics_ As the public heariin willllu televised, ds such would hope to have a graphic system in place so that the audience can follow long I would of the budgetary sheets as they are discussed at that public hearin . along with each I provide additional detail on that presentation Monday evening. g I would hope to discuss procedures that should be followed depending on whether we h would alo ave a lar crowd a to or a small one. g 1 1 4 i I 1 IM ri* I O I a p MO 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 t 44f6 :4 i I CITY OF CHANHASSEN 1993 PROPOSED BUDGET A FUND : GENERAL FUNCTION : REVENUE 1992 1992 1993 ACCOUNT DESCRIPTION BUDGET RE- ESTIMATE BUDGET GENERAL PROPERTY TAX II 3001 PROPERTY TAX (CERT) 1,594,000 1,594,000 1,566,000 3002 ALLOW. FOR DELINQUENTS - 80,000 -48,000 - 45,000 3010 CURRENT PROPERTY TAX 1,514,000 1,546,000 1,521,000 11 3011 DELINQUENT PROPERTY TAX 70,000 70,000 70,000 3041 HOMESTEAD CREDIT 775,000 751,000 852,300 3090 OTHER PROPERTY TAXES 500 1,000 1,000 II * TOTAL GENERAL PROPERTY TAXES 2,359,500 2,368,000 2,444,300 LICENSES I 3203 DOG KENNEL 150 300 300 3204 CIGARETTE 350 250 250 3205 DOG OR CAT 2,000 2,000 2,000 3213 SOLICITOR 100 100 100 3223 3.2 OFF AND ON SALE 1,000 1,500 1,500 3226 LIQUOR ON AND OFF SALE 45,000 38,000 40,000 3227 CLUB AND SUNDAY 1,500 1,000 1,000 1 3284 RUBBISH 1,000 1,000 1,000 * TOTAL LICENSES 51,100 44,150 46,150 1 PERMITS 3301 BUILDING 220,000 217,000 220,000 II 3302 PLAN CHECK 140,000 127,000 130,000 3305 HEATING & A/C 38,000 26,000 30,000 3306 PLUMBING 45,000 55,000 55,000 3307 TRENCHING 8,000 4,000 4,000 11 3308 GUN 1,000 1,000 1,000 3309 SPRINKLER 3,000 1,800 2,000 3310 GAS PIPING 5,000 15,500 15,000 II 3311 SIGN 2,000 1,500 1,500 3316 SEPTIC TANK 2,000 3,500 3,500 3320 STABLE 200 200 200 3328 WETLAND ALTERATION 200 1,000 1,000 I 3329 DEMOLITION 100 100 100 3390 MISC PERMITS 500 1,304 1,500 I * TOTAL PERMITS 465,000 454,900 464,800 FINES AND PENALTIES 11 3401 TRAFFIC + ORD. VIOLATION 30,000 25,000 33,000 3404 DOG /CAT IMPOUND 3,200 7,000 7,500 3405 OTHER FINES /PENALTIES 200 1,600 1,500 II * TOTAL FINE AND PENALTIES 33,400 33,600 42,000 INTERGOVERNMENTAL REVENUE II 3501 LOCAL GOVERN. AID 0 14,000 0 0 14,00 3502 MSA MAINT. + CONSTR. 0 13,804 14,000 3509 OTHER SHARED TAXES 25,000 28,500 25,000 3520 GRANTS, COUNTY 0 0 14,000 11 * TOTAL INTERGOVERNMENTAL REV. 39,000 42,300 53,000 CITY OF CHANHASSEN 1993 PROPOSED BUDGET FUND : GENERAL 1 FUNCTION : REVENUE 1992 1992 1993• , ACCOUNT DESCRIPTION BUDGET RE- ESTIMATE BUDGET CHARGES FOR CURRENT SERVICES ' 3601 SALE OF DOCUMENTS 2,000 2,100 2,000 3602 USE + VARIANCE PERMITS 12,000 21,000 15,00 3603 REZONING FEES 500 2,000 1,5 3604 ASSES. ROLL SEARCHES 4,000 5,900 5,000 3607 ELECTION FILING FEES 50 40 3613 MISC. - GENERAL GOVT. 1,200 1,300 1,400 3615 ADMIN CHG - H.R.A. 20,000 50,000 50,000 3616 ADMIN CHG - ECON. DEV. 20,000 20,000 20,000 3617 MISC. ENGINEERING 0 6,000 2,000 3618 ADMIN CHG - OTHER FUNDS 25,000 25,000 5,000 3619 INVESTMENT MANAGEMENT FEE 52,000 52,000 55,000 3623 ANIMAL CONTROL 30,000 20,000 22,000 3629 MISC. PUBLIC SAFTEY 500 1,500 500' 3632 PARK ADM. FEES 13,500 12,500 13,000 3633 MISC. REC. SHELTER RENTAL 0 0 800 3634 PARK FACILITY USAGE FEE 3,000 3,500 1,500 3635 REC. SHELTER WATERCRAFT RENTAL 0 0 4,20 3636 SELF-SUPPORTING PROGRAMS 40,000 45,000 70,600 3637 SENIOR ACTIVITIES 0 300 500 3638 REC. SHELTER CONCESSION 0 0 4,200 3639 MISC. - PARKS & REC. 200 800 200 3649 MISC PUBLIC WORKS 2,000 4,000 2,001 * TOTAL CURRENT SERVICES 225,950 272,940 276,400 OTHER REVENUE 3801 INT. EARNINGS 70,000 80,000 70,00 3802 EQUIPMENT RENTAL & SALE 200 400 500 3807 DONATIONS 1,500 4,800 1,50 3808 INS. RECOVERIES + REIM. 100 7,500 1,000 3816 SAC RETAINER 2,000 1,500 2,000 3818 SUR -TAX RETAINER 800 800 800 3820 MISC. - OTHER REVENUE 1,000 500 500' * TOTAL OTHER REVENUE 75,600 95,500 76,300 ** TOTAL REVENUE 3,249,550 3,311,390 3,402,950' II pi CITY OP C HANHASSEN 1993 PROPOSED BUDGET FUND : GENERAL Jr U NCTION : REVENUE /EXPENDITURE SUMMAR Or' BUDGET RE-EST PROPOS 1992 1992 1993 ilir L'XENti' 1,826,710 1,756,310 1,846,225 B' TYP !ERScERVICES 280,575 273,980 314,171 MATE & SUPPLIE 1,251,510 1,255,685 1,375,737 CONTit E SERVICES 4,800 10,480 22,450 � IISC. URSEMENT 39,000 36,350 32,420 G APITAITLAY - 156,944 - 153,491 -161,011 FTRIE CONST /REVEL. 0 - 26,092 - 27,731 Z'TRIR HISTORIC TRUST 3,245,651 3,153,622 3,402,261 p TAL pEl ITURES DEPAiMENT. 632,856 639,476 647,866 $C I X RAJGOVERNMENT 1, 136,685 1,117,431 1,221,609 1, 126,240 1,212 870 1,108,034 Q � $= ` IC WORKS 235, 380 218,215 307,80 P SERVICES 114, 490 115,630 116, 972 G O Mr1 i7N1TY DEVELOPMENT _ 3,245,651 3,153,622 3,402,261 TOTA EXPENDITURES I _ TAXES 2 , 359,504 2,368,000 2,444,300 RO ERA '' PROPERTY TAX 51,100 44,150 46,150 GE 465, 454,900 464,800 E j 1 IT S 33,400 33 , 600 42,000 ...*1 0411' EKE A ND PENALTIES 39,000 42,300 53,000 PINERGOVERNMENTAL REV. 225,950 272,940 276,400 INTRENT SERVICES _ 75,600 95,500 76,300 CUR REVENUE 1 �� 3,24.9,550 3,311,390 3,402,950 TOTAL REVENU OVER (UNDER) 3,899 157,768 689 R EyEN UE EXPENDITURES 0 0 0 y n 0 80,000 80 , 000 Tanssfer Out �rsns 844 1,215,218 1,292,986 Fund Balance Forward 1,050, 844 1,054, 743 1,292,986 1,222,150 Lees Required Reserve 1 To rel Resources Liabilitie) 0 0 (8,475) 1 ii 1 1 1 1 1 1 1 1 1 1 1 1 • MEMORANDUM To: Don Ashworth, City Manager From: Tom Chaffee, Finance Department Date: November 16, 1992 Subject: 1993 BUDGET PROPOSED MODIFICATIONS /CUTS Attached is the detail listing of cuts /modifications to the 1993 I budget requests previously presented to the Mayor and Council. The major areas of modification were: ' 1. Revenue corrections of Homestead Credit Aid. 2. Revenue and Expenditure corrections in Park Self- support. 3. Personnel Services re- allocations ' a. Opheim entirely to C.A.T.V. b. Park Maintenance Supervisor and assistants 20% to Hist. Trust (downtown). c. Chaffee - 10% to Hist. Trust (downtown). d. Engineering intern and p/t clerk 100% to Capital Projects Administration (formerly Administrative Trust). 4. Elimination of storage shed request in Park Maint. Dept. ' 5. Elimination of voice mail system in City Hall Dept. 6. Attribute 5% of bottom line Street Maintenance to Hist. Trust (downtown). All other items listed were the result of reviewing all line items and discussing possible cuts with department heads. The Proposed 1993 Budget as presented today represents a lot of time and energy and should be a workable document. 11 11 44:1) f 3 Cri? :dnA3SEN kc;uai i.,.-2 Pr -posed 1993 ' :a ' : ac 1 ?92 tax cap' 993 __pot orange raze 26 364 _ ra: e. 25 pct chang , e doi enan_g_e ssoo s3D0 0.00% 5127 S127 0.00% SO 6() 5600 3630 0.00% S152 S152 0 :00% $0 S 3 000 S700 $700 0.00% $178 $178 0.00% $0 Soo 003 $880 S880 0.00% $223 $224 0.45% — $1 _ $90 000 $1.080 $1,080 0,00% $274 $274 0.00% $0 $100.000 $1.280 $1,280 0.00% $325 $325 0.00% $0 5110 000 $1.480 $1,480 0.00% $376 $376 0.00% $0 S120 000 S1,705 $1,680 — 1.47% $433 $427 — 1.39% ($6) $130 000 51,955 $1,880 — 3.84% $496 $478' — 3.63% ($18) S140 000 S2.205 $2,080 —5.67% $560 $528 — 5.71% ($32) 5150.000 S2,455 $2,280 —7.13% $623 $579 — 7.06% ($44) L S160.000 S2,705 $2,480 — 8.32% $687 $630 — 8.30% ($57) 5170.000_ _ $2,955 $2,680 —9.31% $750 $681 — 9.20% ($69) $180 $3,205 $2,880 — 10.14% 5814 $732 — 10.07% ($82) $190.000 53,455 $3,080 — 10.85% $877 $783 — 10.72% ($94) $200_000 $3,705 $3,280 ' — 11.47% $940 $833 — 11.38% (5107) _£210.000 53,955 $3,480 — 12.01% S1,004 5884 — 11.95% (5120) - S4,205 $3,680 — 12.49% $1,067 $935 — 12.37% ($132) t S220.000 cmmercial Industrial Market tax cap 1992 tax cap 1993' pct change tax 1992 tax ' 993 pct change dollar change' $50.000 51,550 $1,500 ; — 3.23% $393 $381 ; — 3.05% ($12) 5100.000 83.100 $3,000 . — 3.23% $787 , $762 — 3.18% ($25) S150,000 55,475 $5,350; — 2.28% i $1,390' $1,359 — 2.23% ($31) $200.000 $7,850 $7,700 — 1.91% $1,993 $1,956 — 1.86% ($37) S250.000 S10,225 $10,050 — 1.71% 52.596_ _ $2,553: . . - 1.66 % _ _ ($43)_ S300,000 512,600 $12,400, —1.59% $3,198 $3,150: —1.50% ($48) 8350.000 $14,975 $14,750, — 1.50% $3,801 $3,747 —1.42% ($54) S400,000 $17,350 $17,1001 — 1.44% 54,404 $4,344 — 1.36% ($60) 5450.000 $19,725 $19,450 i —1.39% 55.007 $4,941 ; —1.32% (566) IF 5MRY,I) - 0 - 0 $24,475 $24,150 —1.33% 56.213 $6,136 —1.24% (577) 650.000 $29,225 S28,850 i —1.28% $7,418 $7,3301 —1.19% : ($88) 5750,000 833,975 $33,550 — 1.25% 58,624 $8,524' — 1.16% ($100) IF S - 850,000 $38,725 $38,250 ' —1.23% , $9,830 $9,718 ' —1.14% ($112) S950,000 S43,475 $42,950; — 1.21% $11,036; $10,9121 —1.12% ($124) 51.050.000 S48,225 $47,650 ; —1.19% 512,2411 $12,106 —1.10% (5135) 1 51.150.000 552,975 $52,350 ' —1.18%1 $13,4471 $13,300 ; —1.09% (5147) 51.250.000 557,725 $57,050' — 1.17 %! $14,653 $14,4941 —1.09% ($159) ' S1,350.000 562,475 $61,7501 — 1.16 %! $1 5,859' $15,688! — 1.08 %1 ($171) I 1,450.000 S67,225 $66,450; — 1.15 %' $17,064' $16,882' — 1.07 %' (5182) 1.550,000 $71,975 $71,150; — 1.15 %' $18,270' $18,076; — 1.06% (5194) ' 1 ,650,000 576,725 $75,850' — 1.14 %; $19,476; $19,270 —1.06%. ($206) $_1,750.000 881,475 $80,550 — 1.14% $20,682' $20,465 — 1.05 %. ($217) 1,850,000 $86,225 $85,250 ; —1.13% 521,887 $21,659 ! — 1.04 %' ($228) the above examples assume the following: Property is not in a Tax Increment District No Special Assessments on property No market value change from year to year 1 Fiscal Disparity Rate not considered for Comm!Ind Property CITY CF CHANHASSEN FINACIAL PR03007:ONB l 1992 1993 1994 1995 1996 :997 1998 1999 2000 2001 2002 2003 2004 MARKET VALUE 5638,475.000 9680,066,000 9720,8 5764.123,000 5809.9 5834,269,491 5859.297,576 9885.076,503 5911,628, 5938,977,662 5967,146,992 31,025,175,812 51,086,686,361 GROSS TAX CAPACITY 515,181,000 $16,071,000 516,998.0'7 517,979,000 511,019,000 519,589,000 520,177,000 520,782,000 521.406,000 522,048,000 $22,709,000 523,391,000 324,092.000 NET TAX CAPACITY 58,790,000 310.623,630 510,1 , 77 511,549,000 512,217,000 512,584,000 812,961,000 513,350,000 313,750,000 517,226,000 519,169,000 519.132,000 320,114.000 TAX RATE 25.380% 23 692% 27.605% 22.9729 22.8949 27.886% 22..8535 22.846% 22.465% 19.691% 19.231% 18.8119 18.430% TOTAL EXPENDITURES TAX LEVY 51,939.000 52,616,000 57,388,150 52,457,164 92,660,069 52,737,83: 32,811,416 52.893,789 52,875 912 53,389,352 $3.491,363 33,596,204 53.703,840 90400,E0OLIZATION 2,.. *2 1776,000 0947,012 5973,423 51,004,686 51,034,827 51,065,8 51,097,849 5:,130,793 5.,164.70 51,199,648 51,235,637 51,272,106 51,310,887 FISCAL D :SPAR :T:ES 5242.000 5249.929 5257,427 5265,150 5273,104 5281,29' 5289,736 5298,429 5307.381 5100,000 5101,000 5106,090 5109,273 0087 SERVICE 5733,000 51,029.000 51,044.000 51,074,000 51,171,000 51,205,000 51,237,000 51,273.000 51,259,000 51,297,000 51.336,000 51,376,000 $1,417,000 NET TAX LEVY 52.223,000 52,517,000 52.577,000 52,653,000 52,797,000 52,880,000 52,962.007 53,050,000 53,089,000 53,392,000 53,494.000 53,599,000 53,707,000 FUTURE BOND SALE5 30000501.0 4530 4,787 5,044 5,301 5,558 5,815 6,072 6,379 6,589 6,794 6,987 7,197 7,413 POPULATION 13547 14,152 14,757 15,362 15,967 16,572 17,.1 17,782 18,282 18,782 19,282 19,782 20,672 PER CAPITA NET TAX 5164.10 517 51/4 63 5172.70 5175.17 5173 79 5172.44 5171 52 5168.96 5180 60 5191.21 3191.93 5179.32 CARVER COUNTY FINACIAL PROJECTIONS ASSUMPTIONS' ANNUAL MARKET VALUE INCREASE 4.09 ANNUAL EXPENDITURE INCREASE ANNUAL TAX CAPAC1TY :XCREASE 3.0% AN9001.. GROSS TAX LEVY INCREASE 3.01 FISCAL DISPARITIES INCREASE 1.00 HACA INCREASE 2.0% 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 MARKET VALUE 51,875,769,100 51,950, $2,028,831,859 52,109,985,133 52,194,384.538 52,282,159,920 92,373,446,317 52. 469. 384,.69 8'44.48#88'4 M9M44M4444M M 0448849484441444 52,887,660,350 53,003,166,764 GROSS TAR CAPACITY NET TAX CAPACITY 526,414,160 526,341,498 527,131,733 527,945,685 528,784,055 529,647,577 530,537,004 531,453,114 532,396,708 533,369,609 534,369,667 835,400,757 536,462,780 TAX RATE 40.4669 42 477% 42.7729 43 063% 43 348% 43.630% 43.907% 44.179% 44.4489 44.712% 44.973% 45.229% 45.'482% TOTAL EXPENDITURES 529,124,714 TAX LEVY $15,504,005 516,799,000 517,302,970 317,822,059 318,356,721 919,907,422 519,474,645 520,058,885 520,660,651 521,280,471 521,918,885 $22,576,451 323,253,745 HACA,EOULIZATION AID 52,621,693 33,219,752 33,284,147 53,349,830 53,416,827 53,485,163 53,554,866 53,625,964 53,698,483 53,772,453 53,847,902 53,924,960 34,003,357 FISCAL DISPARITIES 52,193,691 92,390,064 32,413,965 52,438,104 92,462,485 52,487,110 52,511,981 52,537,101 $2,562,472 52,588,097 52,613,978 52,640,119 $2,666,519 DEBT SERVICE 90 NET TAX LEVY 510.688.631 311,189.194 511.604,858 512,034,125 512,477,409 912,935,149 513,407.798 513,895,820 514,399,696 314,919,921 515,457,005 516,011,474 916.583,869 FUTURE BOND SALES 8OU5EHOLD POPULATION 47915 PER CAPITA NET TAX CITY of CHANHASSEN 25.39% 23.699 23.61% 22.979 22.89% 22.89% 22.85% 22.85% 22.470 19.69% 19.23% 18.819 18.43% 0805179 5C3001. 015T. 62.66% 57.179 72.769 75 819 75.87% 75.91% 76.00% 75 78% 79.51% 95 45% 89.419 92.759 79.379 CARVER COUNTY 40.479 42.499 42.779 43.06% 43.35% 43 63% 43.91% 44.189 44.45% 44.71% 44.97% 45.23% 45.49% TOTAL 128.50% 123.341 139.14% 141.85% 142.11% 142..429 142.76% 142.819 146.439 149.859 153.61% 156.80% 142.289 -4.0% 12.9% 1.9% 0.21 0.21 0.20 0.0% 2.59 2.39 2 5% 2.19 -9.3% TAX ON 5100,000 51,644.85 91,578.78 31,781.01 51,815 64 51,819.02 91,823.00 51,827.36 51,827.95 81,874.25 31.918.08 91,966.22 52,006.99 51,822.20 ME HO -4.06 12.8\ 1.9% 0 2% 0.29 0.2% 0.0% 2 5% 2.39 2.59 2.1% -9.3% TAX ON 9200,000 34,761.06 94,045.62 54,563.83 $4,652 56 54,661.23 54,671.43 $4,682 60 54,684 12 54.802.78 94,915.09 35,038.43 55,142.89 54,666.82 HCME -15.09 12 81 1.9% 0.29 ' 0 2! 0 2% 0.09 2.5% 2.3% 2.5% 2.1% -9.3% CITY OF 0380590 15.219 15.161 14.990 14 82% 14.66% 14.48% 14.48% 14.48% 14.48% 14.49% 9.92% 9.579 9.609 CHASKA SCHOOL DIST. 62.66% 57.17% 72.75\ 75.81% 75.81% 75 91% 76.009 75 78% 79.51% 95.45% 89.41% 92.75% 78.37% CARVER COUNTY 40.471 42.48% 42.779 43.06% 43.35% 43.63% 43.919 44 18% 44 45% 44.71% 44.979 45.239 45.48% TOTAL 118.33% 114.81% 130.52% 133 69% 133.87% 134.01% 134.38% 134.440 138.44% 144.63% 144.20% 147.56% 133.459 -3.0% 13.71 2.4% 0 19 0 19 0 3% 0 09 3 0% 4 5% -0.3% 2 39 -9.69 TAX ON 3100.000 ROME 51,514.6 $1,469.58 91,670.70 51,711.24 31,713 60 31,715.34 51,720.12 51.720 80 91,771.98 31,851.32 31,845.76 31,988.73 91,708.17 -2.98% 13.69% 2.439 0.149 0.10% 0.28% 0.04% 2.97% 4 48% -0.30% 2.33% -9.56% TAX ON 3200,000 84,384.26 53,765.81 54,291.17 54,385.05 94,391.09 34,395.55 54,407.80 34.409.54 54,540. 54,744.00 94,729 75 54,939.86 94,377.18 HOME - 14.116 13.699 2.439 0.14% 0.10% 0.289 0.04% 2.97% 4.48% -0.30% 2.339 -9.56% CITY OF VICTORIA 25.819 28.79% 30.640 29.62% 28.880 28.859 27,080 27.061 27.049 27.041 27,.209 27.359 27.509 CHASKA SCHOOL DIST. 62.665 57.17% 12.769 75.81% 75 875 75.916 76.00% 75 78% 79.510 85.450 89.41% 92.75% 78.37% CARVER COUNTY 40.47% 42.489 42.77% 43.06% 43.359 43.63% 43.91% 44.18% 44.45% 44.71% 44.978 45.23% 45.49% TOTAL 128.939 128.44% 146.18% 148.50% 148.10% 148.38% 146.991 147.020 151.00% 157.19% 161.59% 165.33% 151.35% -0.4% 13.8% 1 6% -0 3% 0.2% -0.9% 0.0% 2. 4.1% 2.8% 2.39 -8.5% TAX ON 9:00.000 RCME 51,650.29 81,644.07 51,871.11 31,900.77 51,895 62 51,899.3: 51,881.42 51,881.84 51,932.85 52,012.08 52,068.17 32,116.26 51,93 -0.389 13.81% 1.59% -0.27% 0.196 -0.94% 0.020 2.71% 4.10% 2.79% 2.33% -8.46% TAX ON $200,000 94,776.81 94,212.92 34,794.71 54,870.72 54,857.52 54,866.99 54,821.15 $4,822.22 54,952.92 95,155.96 55,299.69 55,422.92 54,964.16 HOME -11 80% 13.91% 1.59% -0 279 0 199 -0.94% 0.02% 2.719 4 101 2 79% 2.33% -8.46% 1111111 MI 1111111 IIIIII 111 111 Mil IIIII NM III. IIIIII 11.1 MI ME IIIIII MN NM NM OM 111111 1 1 CITY OF CHANHASSEN 1993 BUDGET PROCESS 1 1991 1992 PROPOSED 1992 ADOPTED 1993 PROPOSED 1993 PROPOSED ITEM DESCRIPTION ADOPTED BUDGET 11/04/91 11/25/91 9/01/92 11/16/92 II ERATIONAL LEVY (TAXES) $ 2,536,500 2,553,070 2,508,000 2,633,000 2,633,000 DEBT LEVY (TAXES) $ 565,600 832,600 732,900 1,012,000 1,012,000 1 OTAL LEVY (TAXES) $ 3,102,100 3,385,710 3,240,900 3,645,000 3,645,000 LESS STATE REDUCTIONS(AIDS) 969,984 1,100,000 1,017,983 1,196,942 1,196,942 III TAX LEVY $ 2,132,116 2,285,770 2,222,117 2,448,058 2,448,058 1 NERAL FUND: TOTAL REVENUE $ 2,901,450 2,870,650 3,249,550 3,081,050 $ 3,402,950 1 TAL EXPENDITURES $ 2,900,450 3,532,395 3,245,651 3,605,812 $ 3,402,261 I VENUE OVER (UNDER) EXPENDITURES $ 1,000 (661,745) 4,899 (524,762) 689 II NET PROPERTY TAX LEVY COMPARISONS: I BUDGET 1992 BUDGET 1993 PREVIOUS YEAR 2,132,116 2,222,117 CURRENT PROPOSED 2,222.017 2,448,058 1 INCREASE 89,901 225,941 X CHANGE 4.21 X 10.16 X 1 NEW CAPACITY 7.10 X 12.45 X NET TAX IMPACT -2.89 -2.29 X III NET TAX CAPACITY: CARVER 9,015,360 8,898,838 HENNEPIN 0 1,239,172 1 TOTAL 9,015,360 10,138,010 1 1 1 1 INK :56 Pm _+ =I - O F.." N H _ N EN N. as wit =I I= miliJun-ymil PROPERTY VALUES /TAXES & TRENDS 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 MKT VALUE TRENDS HENN 11,555 14,073 CARVER 283,362 616,738 TOTAL 231,828 245,385 262,728 297,435 347,622 411,131 472,109 585,000 MKT VALUE BY TYPE RES -HOME 173.252 _ 202.78 224.54 253.43 COMM /IND 37.582 36.639 45.269 55.427 PERS 2.909 _ 3.312 3.712 4.135 AGRICUL 18.004 _ 19.59 22.362 23.612 _ OTHER 0.082 1.555 11.020 TOTAL 231.828 _ 262.72 297.435 347.622 411.131 472.109 585,000 TAX CALCULATIONS TAX CAPACITY HENN 3,435 4,499 4,903 5,969 6,277 846 1,012 1,179 1,189 1,225 1,262 1,299 1,338 1,379 1,420 1,462 1,506 1,552 1,598 1,646 1,695 CARVER 56,233 58,731 61,740 69,603 81,024 11,781 10,153 13,317 13,992 14,832 15,721 16,665 17,665 18,195 18,740 19,303 19,882 20,478 21,092 21,725 22,377 TOTAL 59,668 63,230 66,643 75,572 87,301 12,627 11,164 14,496 15,181 16,056 16,983 17,964 19,003 19,573 20,160 20,765 21,388 22,030 22,691 23,371 24,072 FISCAL-CONT HENN 325 1,354 1,780 1,946 2,380 304 325 395 461 475 489 504 519 534 550 567 584 601 619 638 657 CARVER 1,027 1,032 1,134 1,025 1,361 182 162 230 578 612 649 688 729 751 114 797 821 2,721 2,921 3,121 3,321 TOTAL 1,353 2,386 2,914 2,971 3,741 486 487 624 1,038 1,087 1,138 1,191 1,248 1,285 1,324 1,364 1,404 3,322 3,540 3,759 3,978 TAX INCR HENN 2,519 3,583 3,982 4,350 4,609 597 764 934 953 0 0 0 0 0 0 0- 0 0 0 0 0 CARVER 5,613 7,001 7,664 9,562 14,652 2,216 2,330 4,036 4,399 4,663 4,943 5,239 5,554 5,720 5,892 6,069 6,251 1,500 1,000 500 0 TOTAL 8,132 10,584 11,646 13,913 19,262 2,813 3,094 4,970 5,352 4,663 4,943 5,239 5,554 5,720 5,892 6,069 6,251 1,500 1,000 500 0 NET TAX CAPACITY HENN 591 (437) (859) (327) (712) (561 (77) (1501 (2251 750 773 796 820 844 810 896 923 950 979 1,008 1,038 CARVER 49,593 50,698 52,942 59,016 65,010 9,383 7,660 9,052 9,015 9,556 10,130 10,737 11,382 11,723 12,075 12,437 12,810 16,257 17,171 18,104 19,056 TOTAL 50,183 50,260 52,083 58,689 64,298 9,328 7,583 8,902 8,790 10,306 10,902 11,533 12,201 12,567 12,944 13,333 13,733 17,207 18,150 19,112 20,094 CUNV TO CAP 6,615 6,625 6,865 7,736 8,478 CERTIFIED LEVIES OPER 990 1,043 1,256 1,166 1,277 1,497 1,994 2,323 2,508 2,633 2,765 2,903 2,990 3,080 3,173 3,268 3,366 3,461 3,571 3,678 3,788 DEBT 354 343 298 477 553 619 745 779 733 1,029 1,044 1,074 1,171 1,205 1,237 1,273 1,259 1,297 1,336 1,376 1,417 TOTAL 1,345 1,386 1,553 1,642 1,830 2,116 2,739 3,102 3,241 3,662 ' 3,809 3,977 4,161 4,285 4,410 4,541 4,625 4,763 4,906 5,054 5,205 HACA 248 276 307 314 333 387 628 729 776 850 876 902 929 957 985 1,015 1,045 1,077 1,109 1,142 1,171 FIS DISP 45 31 93 116 130 160 185 241 242 245 252 260 268 276 284 293 301 100 103 106 109 NET LEVY 1,300 1,355 1,460 1,526 1,700 1,956 1,926 2,132 2,223 2,567 2,681 2,816 2,965 3,053 3,140 3,233 3,278 3,587 3,694 3,805 3,919 CITY TAX RATE 26.20 27.29 28.37 26.38 26.67 21.12 25.44 24.10 25.38 24.91 24.59 24.41 24.30 24.29 24.26 24.25 23.87 20.84 20.35 19.91 19.50 OTHER TAX RATES COUNTY 31.25 29.96 33.40 34.62 37.45 30.08 32.86 TRANSIT 3.38 3.07 3.50 3.62 3.69 2.24 2.40 MOSQUITO /OTHER 0.38 0.39 0.47 0.50 0.50 0.32 0.27 SCHOOL DIST -112 57.74 54.00 60.83 60.34 62.89 46.05 48.50 TOTAL-ISD 1112 118.57 114.32 126.09 124.95 130.69 99.49 109.20 SCHOOL DIST -276 57.24 55.93 58.67 61.55 63.95 58.06 52.56 TOTAL -ISO 1276 118.07 116.25 123.94 126.16 131.75 111.50 113.26 80ND RATING STATS 3 POPULATION 7140 7380 7853 8551 9578 10457 11700 516 DEBT /CAPITA TOT LEVY /CAP HOUSEHOLDS 2786 2838 3224 3545 3545 3545 3545 3545 3545 3545 3545 3545 3545 3545 3545 3545 3545 3545 3545 DEBT /HOUSEHOLD ERR ERR ERR $168.06 $213.13 $241.75 $260.51 $301.58 $295.83 $479.72 $508.29 $549.11 $630.44 $667.96 $705.34 $747.39 $749.41 $844.58 $896.02 $950.59 $1,008.48 TOT LEVY /CAP ERR ERR ERR $579.19 $705.48 $826.39 $957.75 $1,200.92 $1,308.19 $1,707.42 $1,854.52 $2,033.52 $2,240.43 $2,375.36 $2,514.33 $2,665.89 $2,752.85 13,102.46 $3,291.39 $3,491.84 $3,704.49 BLDG PERM TRENDS RES PERM VAL 9.42 19.264 25.339 31.193 38.429 29.876 COMM PERM VAL 1.874 3.33 8.429 1.951 7.822 25.435 _ TOT PERMIT VAL 13.183 24.208 35.81 38.102 48.075 78.834 34.97 DEBT 18Y TYPE) EQUIPMENT 310 210 395 300 200 100 GEN. 081I6 1,455 1,425 1,350 2,505 3,265 4,015 TAX INCREM 5,565 5,345 8,225 11,355 11,400 13,440 SPEC 055M'1 10,330 9,155 15,905 15,515 20,745 21,140 TOTAL 17,660 16,135 25,875 29,735 35,610 38,695 0 0 0