2012 Public Budget Presentation
CITY OF CHANHASSEN
2012 Final Budget Adoption
December 12, 2011
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 12
Public budget meeting held on December 5
Budget adoption on December 12
What has changed since setting the
preliminary levy?
3
Healthcare costs increased 2.62%, allowing for wage increases and
fire department funding to remain unchanged
Fire Station #3 Levy Eliminated (-$90,000)
Capital Replacement Equipment Fund levy Increased (+$50,000)
Adjustment in General Fund Spending (-$42,700) from preliminary
levy
Tennis Court Improvements Paid for out of Revolving Assessment
Construction Fund and removed from Capital Replacement Equipment
Fund (-$125,000)
Net result of all changes is total levy down an additional $82,700
from preliminary levy
Expenditures
4
2011 2012 % Change
BudgetBudgetfrom 2011
$1,928,500$1,932,700+.2%
General Government
$3,083,200$3,026,700-1.8%
Law Enforcement/Fire
$2,244,800$2,271,300+1.2%
Public Works
$454,900$459,600+1.0%
Community Development
$1,906,200$1,926,300+1.1%
Park & Recreation
$9,617,600$9,616,600-.01%
Total
4
Revenues
5
2011 2012 % Change
BudgetBudgetfrom 2011
$7,338,200$7,414,500+1.0%
Property Tax
$884,700$852,000-3.7%
Licenses & Permits
$265,000$270,000+1.9%
Intergovernmental Rev.
$643,000$656,700+2.1%
Charges for Services
$131,500$127,500-3.0%
Fines & Penalties
$355,200$295,900-16.7%
Other Revenue
$9,617,600$9,616,600-.01%
Total Revenue
5
General Fund Expenditure History
6
9,859,100
$10,000,000
9,617,600
9,557,400
$9,616,600
+5.8%
9,318,300 +0.8%-0.01%
-3.1%
9,062,400
+2.8%
+5.2%
$9,000,000
8,615,100
8,307,920
+3.7%
7,860,785 +5.7%
0%
7,860,785
$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
2003200420052006200720082009201020112012
Salary Increase Comparison
7
City201020112012/Proposed
Chanhassen0%1%1.5%
Andover0%0%0%
Champlin0%0%3%
Chaska1.5%1.5%unknown
Inver Grove Heights1%
Lino Lakes0%0%2%
Oakdale2%
Prior Lake0/2.5%2/2.5%2%
Tax Capacity & Market Value Levy Changes
8
Tax Capacity Levies20112012% Chg
General Fund$7,508,200$7,434,500-1.0
Capital Replacement$750,000$800,000+6.7
MSA (Sealcoating)$200,000$200,000+0.0
General Obligation Debt$336,800$335,900-.3
Audubon Road Improvements$256,570$437,842+70.6
Public Works Facility$594,000$593,800-.03
EDA Debt$126,420$0-100
Fire Station #3$0$00.0
TAX CAPACITY LEVIES$9,771,990$9,802,042+.3
Market Value Levies20112012% Chg
Library Referendum$495,400$351,648-29.0
MARKET VALUE LEVIES$495,400$351,648-29.0
TOTAL ALL LEVIES$10,267,390$10,153,690-1.1
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%
1.39%
1.38%
1.16%
1.06%
1%
0.53%
-0.90%
-1.11%
0%
-1%
2006200720082009201020112012
Net Tax Levy Effects
10
General Fund levy decrease of -1.0%
Total tax levy decrease of $113,700 or -1.1%
Effect on Homeowners
11
The average home in Chanhassen dropped approximately 4% in taxable market value for 2012.
Below are some examples of how the preliminary levy for 2012 impacted property owners. The final
staff-recommended levy is $82,700 lower than the preliminarylevy. Therefore, the city portion of the
finalproperty tax statements will be lower than the Truth-in-Taxation statements sent out in November.
2011 2012 Percent 2011 City 2012 City Percent
ValueValueChangeProperty TaxProperty TaxChange
Parcel
1$182,600$162,000-11.3%(+.1)$464.66$483.37+4.0%
2$210,200$182,200-13.3%(-4.2)$547.95$543.16-.9%
3$285,800262,500-8.2% (-3.7)$776.08$780.90+.5%
4$330,500$307,700-6.9%(-4.2)$907.60$914.74+.8%
5$613,400$589,500-3.9%$1,798.54$1,814.72+.9%
6$845,000$799,800-5.3%$2,603.10$2,589.72-.5%
Actual Property Tax Statement
for Proposed 2012 Taxes
(School District #112)
12
Property Taxes
5.5%
30.4%
20.4%
County 30.4%
School 43.7%
City 20.4%
Other 5.5%
43.7%
Staff Recommendation
13
Staff recommendation is to adopt a General Fund
Budget of $9,616,600, a total levy of $10,153,690,
and a total 2012-2106 CIP of $73,479,100