2015 Public Budget Presentation
1
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 8
Public budget meeting held on December 1
Budget adoption on December 8
Expenditures
3
2015 2015
Preliminary Recommended
2014 Final % Change
BudgetFinal Budget
Budgetfrom 2014
$2,016,449$2,070,700$2,064,300+2.4%
General Government
$3,148,700$3,276,400$3,253,100+3.3%
Law Enforcement/Fire
$2,360,300$2,436,700$2,406,800+2.0%
Public Works
$434,400$446,500$464,400+6.9%
Community Development
$1,969,100$2,006,200$1,975,900+0.4%
Park & Recreation
$9,928,949$10,236,500$10,164,500+2.4%
Total
3
Revenues
4
2015 2015
Preliminary Recommended
2014 Final % Change
BudgetFinal Budget
Budgetfrom 2014
$7,629,950$7,876,831$7,804,831+2.3%
Property Tax
$999,500$1,002,500$1,002,500+0.3%
Licenses & Permits
$285,000$330,000$330,000+15.8%
Intergovernmental Rev.
$569,900$588,500$588,500+3.3%
Charges for Services
$122,500$112,500$112,500-8.2%
Fines & Penalties
$322,099$326,169$326,169+1.3%
Other Revenue
$9,928,949$10,236,500$10,164,500+2.4%
Total Revenue
4
General Fund Expenditure History
5
$11,000,000
$10,236,500
$10,164,500
$9,928,949
$9,859,100
+3.1%
$9,747,400
+2.4%
$9,616,600
+1.9%
$9,557,400
+5.8%
$10,000,000
+1.36%
+.6%
$9,318,300
-3.1%
+2.8%
$9,062,400
+5.2%
$8,615,100
$9,000,000
+3.7%
$8,307,920
$8,000,000
$7,000,000
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
20062007200820092010201120122013201420152015
(Prel)(Final)
What factors change the
budget for 2015?
6
Most expenditure line items remain flat for 2015
General Fund expenditures increased $235,551
(+2.4%)
Wage increases of 3.0% included
Budgeted permit revenue same as 2014
Healthcare Cost decreased by 6%
New growth for taxes payable in 2015 is 1.76%
Operational/Capital & Debt Levy Changes
7
2015
Recommended
Operational & Capital Levies2014 Final 2015 % Chg
Final Levies
LeviesPreliminary
General Fund$7,629,950$7,811,831$7,779,831
Capital Replacement$800,000$800,000$800,000
MSA (Sealcoating)$185,000$185,000$185,000
Revolving Street ConstFund$395,192$395,192
Total Operational & Capital Levies$8,614,950$9,192,023$9,160,023+6.33%
Debt Levies
General Obligation Debt $233,800$232,300$232,300
(212 Bonds)
Audubon$444,410$55,000$55,000
Public Works Facility$592,100$590,600$590,600
Library Referendum$448,880$446,098$444,098
Total Debt Levies$1,719,190$1,323,998$1,323,998-22.3%
TOTAL ALL LEVIES$10,334,140$10,516,021$10,484,021+1.45%
7
Total Levy vs. New Growth
8
Total LevyNew Growth
4%
2.91%
3%
2.92%
2.71%
2.45%
2.36%
2.23%
2%
1.82%
1.82%
1.76%
1.76%
1.77%1.76%
1.39%
1.45%
1.38%
1.36%
1.16%
1.06%
1%
0.53%
0.40%
-0.90%
-0.30%
0%
-1%
200620072008200920102011
20122013201420152015
(Prel)(Final)
Effect on Homeowners
9
Below are some examples of how the 2015 levy will impact property owners. The average
home in Chanhassen increased in value approximately 10.9% in taxable market value for
2015.
20142015Percent 2014 City 2015 City Percent
ValueValueChangeProperty TaxProperty TaxChange
Parcel
1$273,000$301,600+10.5%$781.62$782.36+0.0%
2$312,100$361,800+15.6%$892.92$937.70+5.0%
3$345,800$384,700+11.3%$988.83$996.79+0.8%
4$707,700$764,300+8.0%$2,163.55$2,143.13-1.0%
5$1,016,400$1,108,100+9.0%$3,255.91$3,245.96-0.3%
Actual Property Tax Statement
for Proposed 2015 Taxes
(School District #112)
10
Property Taxes
5.0%
20.8%
32.6%
41.6%
County 32.6%School 41.6%City 20.8%Other 5%
KFS Budgeted Expenditure
Comparison
11
Budgeted Expenditures **% Increase
CityPopulation *20132014From 2013
31,125 13,205,076 12,762,112 -3.35%
Andover
23,7799,889,000 10,103,2492.17%
Chanhassen
24,21110,928,93412,063,47310.38%
Chaska
20,625 8,287,8858,366,0480.94%
LinoLakes
35,187 15,406,48517,347,09412.59%
Cottage Grove
22,384 11,117,10011,495,3003.40%
Rosemount
27,552 12,347,17312,707,5612.92%
Savage
21,792 10,429,653 11,340,0198.73%
Farmington
23,385 10,917,600 11,580,5736.07%
Prior Lake
24,361 13,641,750 13,889,5501.30%
Elk River
18,638 11,420,416 12,192,5126.76%
Stillwater
24,822 11,599,207 12,161,5904.72%
Average
* Met Council Population Estimate
** Minnesota State Auditors Office City Summary Budget Report for 2013 and 2014
Carver County Cities
Budgeted Expenditure Comparison
12
Budgeted Expenditures **
% Increase
CityPopulation *20132014From 2013
Chanhassen23,779 9,889,00010,103,2492.17%
Chaska24,211 10,928,934 12,063,473 10.38%
Waconia11,065 5,028,758 5,726,32013.87%
Victoria7,793 3,651,206 3,633,932-0.47%
Carver4,012 1,848,987 2,012,3678.84%
Average14,1726,269,3776,707,8686.96%
* Met Council Population Estimate
** Minnesota State Auditors Office City Summary Budget Report for 2013 and 2014
KFS Per Capita
Spending Comparison
13
Per Capita
CitySpending 2014
402
LinoLakes
403
Andover
418
Chanhassen
444
Savage
478
Prior Lake
486
Chaska
490
CottageGrove
509
Rosemount
514
Farmington
591
Elk River
643
Stillwater
489
Average
Carver County Cities
Per Capita Spending Comparison
14
Per Capita
CitySpending 2014
Chanhassen418
Victoria447
Chaska486
Carver493
Waconia505
Average470
Carver County Tax Rates
15
City2014 Tax Rate**
Chaska26.586
Chanhassen27.238
Victoria37.887
Waconia49.423
Carver54.555
NorwoodYoung America64.086
Watertown65.305
Mayer67.784
Cologne78.650
NewGermany118.059
Hamburg123.734
Average64.846
** Based on Urban Tax Rates
City of Chanhassen Tax Rate History
16
45
39.091
40
35
32.98101
28.428
28.5429
30
28.17183
27.238
26.67825
26.6168
25.1973
23.82371
24.667
23.74016
25
23.02472
20
15
10
5
0
2003200420052006200720082009201020112012201320142015
(Est)
Rate is based on urban rates and includes both tax capacity and market value based levies.
Recommendation
17
Staff recommends setting a final Levy of
$10,484,021 and a General Fund Budget of
$10,164,500.
18