2013 Public Budget Presentation
Budget Process
2
Preliminary budgets submitted by Department Directors
in early July
Budget reviewed by Finance Director and
City Manager in late July
Detailed Budget Meeting held in August
Preliminary Tax Levy Adopted for Truth-in-Taxation
Statement purposes on September 10
Public budget meeting held on December 3
Final Budget & Levy adoption this evening
Expenditures
3
2012 2013 % Change
BudgetBudgetfrom 2012
$1,932,700$1,993,800+3.2%
General Government
$3,026,700$3,053,900+.9%
Law Enforcement/Fire
$2,271,300$2,332,700+2.7%
Public Works
$459,600$419,900-8.6%
Community Development
$1,926,300$1,947,100+1.1%
Park & Recreation
$9,616,600$9,747,400+1.4%
Total
3
Revenues
4
2012 2013 % Change
BudgetBudgetfrom 2012
$7,414,500$7,426,700+0.2%
Property Tax
$852,000$996,800+17.0%
Licenses & Permits
$270,000$280,000+3.7%
Intergovernmental Rev.
$656,700$568,100-13.5%
Charges for Services
$127,500$131,500+3.1%
Fines & Penalties
$295,900$344,300+16.4%
Other Revenue
$9,616,600$9,747,400+1.4%
Total Revenue
4
General Fund Budget vs. Actual Expenditures
5
General Fund BudgetActual General Fund Spending
$10,000,000
$9,747,400
$9,617,600$9,616,600
$9,526,300*
$9,507,400
$9,500,000
$9,318,300
Est.
$9,062,400
$9,000,000
$8,615,100
$8,500,000
$8,307,920
$8,000,000
$7,500,000
$7,000,000
200520062007200820092010201120122013
* Amended from original budget of $9,859,100
General Fund Budget vs. Actual Revenues
6
General Fund BudgetActual Revenue
$10,000,000
$9,747,400
$9,616,600
(Estimate)
$9,617,600
$9,507,400
$9,493,600*
$9,500,000
$9,318,300
$9,062,400
$9,000,000
$8,615,100
$8,500,000
$8,307,920
$8,000,000
$7,500,000
200520062007200820092010201120122013
* Amended from original budget of $9,859,100
What factors change the budget for 2013?
7
Most expenditure line items remain flat for 2013
General Fund expenditures increased less than
two percent (1.4%) or $130,800
Wage increases of 2.0% included
Budgeted permit revenue $143,800 higher than
2012
Operational/Capital & Debt Levy Changes
8
Operational & Capital Levies20122013% Chg
General Fund$7,434,500$7,476,700
Capital Replacement$800,000$800,000
MSA (Sealcoating)$200,000$200,000
Total Operational & Capital Levies$8,434,500$8,476,700+0.50%
Debt Levies
General Obligation Debt (212 Bonds)$335,900$550,000
Audubon$437,842$130,680
Public Works Facility$593,800$593,200
Library Referendum$351,648$445,310
Total Debt Levies$1,719,190$1,719,190+0.0%
TOTAL ALL LEVIES$10,153,690$10,195,890+0.42%
8
Total Levy vs. New Growth
9
Total LevyNew Growth
4%
2.91%
2.92%
3%
2.71%
2.45%
2.36%
2.23%
2%
1.82%
1.82%
1.39%
1.38%
1.16%
1.06%
1%
0.53%
0.42%
-0.90%
-0.30%
0%
-1%
20062007200820092010201120122013
Effect on Homeowners
10
Below are some examples of how the 2013 Preliminary levy will impact property owners. The
average home in Chanhassen dropped approximately 2.8% in taxable market value for 2013.
20122013Percent 2012 City 2013 City Percent
ValueValueChangeProperty TaxProperty TaxChange
Parcel
1$262,500$257,900-1.8%$779.00$780.11+0.1%
2$307,600$299,700-2.6%$912.19$905.75-0.7%
3$311,000$301,500-3.0%$922.25$911.18-1.2%
4$467,500$453,800-2.9%$1,384.93$1,369.50-1.1%
5$614,600$598,700-2.6%$1,902.59$1,877.88-1.3%
6$802,400$802,4000.0%$2,592.75$2,639.12+1.8%
Actual Property Tax Statement
for Proposed 2013 Taxes
(School District #112)
11
Property Taxes
4.3%
19.8%
30.3%
County 30.3%
School 45.6%
City 19.8%
Other 4.3%
45.6%
Carver County Tax Rates
12
City2012Tax Rate**Proposed 2013**% Increase
Chaska25.78428.0198.66%
Chanhassen28.53228.7850.89%
Victoria39.55439.9611.03%
Waconia44.21851.57616.64%
Carver52.24757.0619.21%
Norwood Young
America49.52768.39338.09%
Watertown53.72070.36130.98%
Mayer65.66275.92315.63%
New Germany76.51276.378-0.17%
Cologne73.85180.0888.44%
Hamburg125.174122.742-1.94%
** Based on Urban Tax Rates
City of Chanhassen Tax Rate History
13
45
39.091
40
35
32.98101
28.5429
28.7979
30
28.17183
26.67825
26.6168
25.1973
23.82371
23.74016
25
23.02472
20
15
10
5
0
20032004200520062007200820092010201120122013
Rate is based on urban rates and includes both tax capacity and market value based levies.
Staff Recommendation
14
Staff Recommends setting a final General Fund Budget
of $9,747,400 and a total Levy of $10,195,890 for
taxes payable in 2013