2008 Public Budget Presentation
City of Chanhassen
2008 Budget
Final Levy & CIP
Adoption
December 10, 20071
Expenditures
2007 2008 % Change
BudgetBudgetfrom 2007
$1,979,200$1,958,200-1.1%
General Government
$2,837,600$2,939,6003.6%
Law Enforcement
$2,089,400$2,069,600-1.0%
Public Works
$411,900$422,1002.5%
Community Development
$1,744,300$1,778,8001.9%
Park & Recreation
0$150,000100%
Transfer for Streets
$9,062,400$9,318,3002.8%
Total
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Revenues
2007 2008 % Change
BudgetBudgetfrom 2007
$6,288,100$6,563,9004.4%
Property Tax
$1,525,300$1,437,800(5.7)%
Licenses & Permits
$205,000$225,0009.8%
Intergovernmental Rev.
$660,500$621,100(6.0)%
Charges for Services
$136,500$157,50015.4%
Fines & Penalties
$247,000$313,00026.7%
Other Revenue
$9,062,400$9,318,3002.8%
Total Revenue
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General Fund Expenditure History
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What factors change
the budget for 2008?
Operating expenditures remain relatively flat.
Total General Fund expenditures increase
2.8% and includes a transfer for streets of
$150,000.
Police contract accounts for all of the general
fund increased expenditures. The police
contract includes one additional officer and a
5% wage increase.
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Tax Capacity Levy Changes
Tax Capacity Levies20072008% Chg
General Fund$6,558,100$6,833,900+4.2
Capital Replacement$824,000$824,000+0.0
MSA (Sealcoating)$250,750$267,875+6.8
Special Assessment Debt$129,500$0-100.0
General Obligation Debt$568,280$769,873+35.5
Local Street Improvements$0$100,000+100.0
EDA Debt$122,548$122,703+0.1
TOTAL TAX $8,453,178$8,918,351+5.5
CAPACITY LEVIES
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Market Value Levy Changes
Market Value Levies20072008% Chg
Park Referendum$633,500$425,914-32.8
Library Referendum$489,100$490,700+0.3
TOTAL MARKET $1,122,600$916,614-18.3
VALUE LEVIES
TOTAL ALL LEVIES$9,575,778$9,834,965+2.71
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Recommendation
Adopt the tax levy and budget as shown
on Monday, December 10, 2007.
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