2018 Public Budget Presentation
1 December 11, 2017–City of Chanhassen For taxes payable in 2018 Final Levy & Budget Adoption
Budget Process Budget adoption on December 11Public budget meeting held on December 4Taxation Statement purposes, September 25-in-Preliminary Tax Levy Adopted for TruthDetailed Budget
Meeting held in AugustCity Manager in late JulyBudget reviewed by Finance Director and Directors in early JulyPreliminary budgets submitted by Department 2
Expenditures 33+1.9%$11,235,600$11,235,600$10,991,400 Total+1.1%$2,253,300$2,256,700$2,227,800 Park & Recreation+6.5%$534,400$534,400$501,600 Community Development+0.9%$2,586,800$2,585,000$2,563,100
Public Works+2.7%$3,665,500$3,692,500$3,570,400 Law Enforcement/Fire+1.7%$2,163,600$2,167,000$2,128,500 General Government from 2017% Change Final BudgetRecommended 2018 BudgetPreliminary
2018 Budget2017 Final
Revenues 44+1.9%$11,235,600$11,235,600$10,991,400 Total Revenue 7.2%-$308,767$340,767$332,769 Other Revenue+0.0%$116,000$116,000$116,000 Fines & Penalties+2.5%$627,700$627,700$612,200
Charges for Services+4.6%$409,000$409,000$391,000 Intergovernmental Rev.0.2%-$1,032,800$1,032,800$1,035,800 Licenses & Permits+2.4%$8,709,333$8,709,333$8,503,631 Property Tax from 2017%
Change Final BudgetRecommended 2018 BudgetPreliminary 2018 Budget2017 Final
What factors change the New growth for taxes payable in 2018 is 1.10%Healthcare Cost Increase at 15% Fund) includedWage adjustments of 3% ($116,000 in General (+1.9%)General Fund
expenditures increased $212,200 Most expenditure line items remain flat for 20175 budget for 2018?
Operational/Capital & Debt Levy 6+1.1%$10,913,868$10,913,868$10,795,121TOTAL ALL LEVIES%-$931,697$931,697$1,048,652Total Debt Levies$461,297$461,297$451,952Library Referendum$470,400$470,400$596,700P
ublic Works Facility Debt Levies 6+2.4%$9,982,171$9,982,171$9,746,469Total Operational & Capital Levies$384,838$93,000$384,838$93,000$384,838$93,000FundConstRevolving Street MSA (Sealcoating)$800,000
$800,000$800,000Capital Replacement$8,704,333$8,704,333$8,468,631General Fund% ChgFinal LeviesRecommended 2018 Preliminary2018 Levies2017 Final Operational & Capital Levies Changes
Total Levy vs. New Growth New GrowthTotal Levy 1.10%1.56%1.87%1.76%1.77%1.82%1.16%1.06%1.39%2.45%1.82%2.92%1.10%1.56%1.39%1.45%1.36%0.40%0.30%-0.53%1.38%2.23%2.91%2.36%FinalPre &201820172016201520142
013201220112010200920082007 4%3%2%1%0%-1%7
Effect on Homeowners 8+3.8%$2,807$2,703+8.3%$1,049,900$969,2004+1.7%$906$891+6.9%$381,100$356,1003+0.6%$754$749+5.9%$316,700$299,10020.2%-$529$530+5.1%$221,900$211,1001ChangePercent
Property Tax2018 City Property Tax2017 City ChangePercent Value2018Value2017Parcel home in Chanhassen increased in value approximately 4.2% in taxable market value for 2018.Below are
some examples of how the 2018 levy will impact property owners. The average
Actual Property Tax Statement Other 5%City 19%School 46%County 30%Property Taxes 5%19%46%30%9(School District #112)for Proposed 2018 Taxes
Actual Property Tax Statement Other 5%City 20%School 44%County 31%Property Taxes 5%20%44%31%10(School District #276)for Proposed 2018 Taxes
Gen Fund Budgeted 2018 ComparisonKFS General Fund Budgeted Expenditure 4.3%14,930,46414,316,473 27,622 Average8.1%12,211,28711,293,009 19,754 Stillwater6.2%24,253,20022,827,000 40,254Shakopee3.2%14,2
10,06613,768,216 30,024 Savage4.7%12,392,700 11,835,528 23,042 Rosemount0.5%13,070,87813,008,738 25,049 Prior Lake4.0%10,271,558,876,494 920,519 LakesLino5.6%20,802,000 19,706,700 35,071Grove
HeightsInver3.6%14,378,40013,884,800 23,739 Elk River0.7%16,326,635 16,215,125 35,596 Cottage Grove6.9%15,049,480 14,074,193 25,601Chaska2.5%11,268,90010,991,400 25,194Chanhassen
2016From 20172016Population City% IncreaseExpenditures
Per Capita 2018 ComparisonKFS General Fund Per Capita Spending 540Average618 Stillwater 602 Shakopee 473 Savage 537 Rosemount 521 Prior Lake 501 LakesLino 593 Grove HeightsInver 605
Elk River 458 Cottage Grove 587 Chaska 447 Chanhassen 2017Spending City
City 2018 Prelim 2018–Carver County Tax Rates Preliminary Levieson Based ** AverageNew70.74171.769 Young AmericaNorwood 59.511 Watertown 52.09852.883 Waconia 47.626Carver31.471Victoria
27.199Chaska22.658Chanhassen Tax Rate**2018
Hennepin County Tax Rates ** Based on Urban Tax Rates 43.411AVERAGE41.469Champlin70.498CenterBrooklyn40.926Bloomington69.097Osseo38.308Rogers62.985Hopkins38.245Maple Grove61.129Minneapolis36.378Minne
tonka58.878HopeNew32.480Eden Prairie56.850Richfield29.450Shorewood56.109Golden Valley28.802Excelsior55.170Rockford28.189Edina54.365ParkBrooklyn26.590Minnetrista49.248Robbinsdale26.482Plymouth48.949Cr
ystal23.855Chanhassen46.200St. Louis Park23.352Wayzata45.829Mound22.270Medina Tax Rate**CityTax Rate**City 2018 2017-
Discussion Points $99,370,095in the total amount of 2022 -2018the CIP for . It also approves 11,203,600expenditures of $and approves total general fund 10,913,868 $final levy at Staff
recommends adopting a 2018 15
DECEMBER 11, 2017