2017 Public Budget PresentationFinal Levy & Budget
For taxes payable in 2017
Adoption
City of Chanhassen –December 12, 2016
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, September 14
Public budget meeting held on December 5
Budget adoption on December 12
Expenditures
3
2017 2017
Preliminary Recommended
2016 Final % Change
BudgetFinal Budget
Budgetfrom 2016
$2,067,600$2,130,300$2,128,500+3.0%
General Government
$3,405,300$3,562,100$3,570,400+4.9%
Law Enforcement/Fire
$2,461,200$2,535,100$2,563,100+4.1%
Public Works
$473,900$503,300$501,600+5.9%
Community Development
$2,078,000$2,216,600$2,227,800+7.2%
Park & Recreation
$10,486,000$10,947,400$10,991,400+4.8%
Total
3
Revenues
4
2017 2017
Preliminary Recommended
2016 Final % Change
BudgetFinal Budget
Budgetfrom 2016
$8,052,831$8,459,631$8,503,631+5.6%
Property Tax
$1,022,800$1,035,800$1,035,800+1.6%
Licenses & Permits
$365,000$391,000$391,000+7.1%
Intergovernmental Rev.
$605,700$612,200$612,200+1.1%
Charges for Services
$111,000$116,000$116,000+4.5%
Fines & Penalties
$329,069$332,769$332,769+1.1%
Other Revenue
$10,486,000$10,947,400$10,991,400+4.8%
Total Revenue
4
What factors change the
budget for 2017?
5
Most expenditure line items remain flat for 2017
General Fund expenditures increased $505,400
(+4.8%)
Wage increases of 4% included
Healthcare Cost Increase at 13%
New growth for taxes payable in 2017 is 1.56%
(includes decertification of TIF#5 & TIF#9)
Operational/Capital & Debt Levy Changes
6
2017
Recommended
Operational & Capital Levies2016 Final 2017 % Chg
Final Levies
LeviesPreliminary
General Fund$8,017,431$8,424,631$8,468,131
Capital Replacement$800,000$800,000$800,000
MSA (Sealcoating)$93,000$93,000$93,000
Revolving Street ConstFund$431,698$428,838$384,838
Total Operational & Capital Levies$9,342,129$9,746,469$9,746,469+4.3%
Debt Levies
General Obligation Debt $240,700$0$0
(212 Bonds)
Public Works Facility$594,000$596,700$596,700
Library Referendum$452,792$451,952$451,952
Total Debt Levies$1,287,492$1,048,652$1,048,652-18.6%
TOTAL ALL LEVIES$10,629,621$10,795,121$10,795,121+1.56%
6
Total Levy vs. New Growth
7
Total LevyNew Growth
4%
2.92%
3%
2.91%
2.45%
2.23%
2%
1.87%
1.82%1.82%
1.77%
1.76%
1.56%
1.56%
1.45%
1.39%
1.39%
1.38%
1.36%
1.16%
1.06%
2.36%
1%
0.53%
0%
0.40%
-0.30%
-1%
2007
2008200920102011201220132014201520162017
Prel &
Final
Effect on Homeowners
8
Below are some examples of how the 2017 levy will impact property owners. The average
home in Chanhassen increased in value approximately 0.5% in taxable market value for 2017.
20162017Percent 2016 City 2017 City Percent
ValueValueChangeProperty TaxProperty TaxChange
Parcel
1$206,300$210,800+2.2%$527$528+0.1%
2$299,100$299,100+0.0%$762$748-1.8%
3$498,800$502,400+.7%$1,268$1,256-0.9%
4$747,000$750,100+0.4%$2,049$2,023-1.3%
Actual Property Tax Statement
for Proposed 2016 Taxes
(School District #112)
9
Property Taxes
5%
20%
31%
44%
County 31%School 44%City 20%Other 5%
KFS Budgeted Expenditure Comparison
Budgeted Expenditures % Increase
CityPopulation 20152016From 2015
25,19410,352,500 10,683,0003.2%
Chanhassen
25,60114,799,8509.8%
13,478,477
Chaska
35,596 18,876,7405.2%
17,939,445
Cottage Grove
23,739 14,105,800 14,674,9004.0%
Elk River
35,07122,443,5006.6%
21,057,800
InverGrove Heights
20,519 99,262,1940.4%
,228,922
LinoLakes
25,049 11,469,621 11,744,7772.4%
Prior Lake
23,042 12,265,1283.6%
11,834,800
Rosemount
30,024 13,665,568 14,131,9923.5%
Savage
40,25421,867,167 22,827,0234.4%
Shakopee
19,754 12,630,267 13,356,6995.8%
Stillwater
27,622 14,330,033 15,005,9824.4%
Average
Carver County Cities Budgeted Expenditure Comparison
Budgeted Expenditures
% Increase
CityPopulation 20152016From 2015
Chanhassen24,503 10,352,50010,683,0003.2%
Chaska25,270 13,478,477 14,799,850 9.8%
Waconia11,520 5,566,199 5,888,4235.8%
Victoria8,462 3,895,457 4,208,1038.0%
Carver4,293 2,106,237 2,072,322-1.6%
Average14,8097,079,7747,530,3405.0%
KFS Per Capita Spending Comparison
Per Capita
CitySpending 2016
424
Chanhassen
451
LinoLakes
469
Prior Lake
471
Savage
530
CottageGrove
532
Rosemount
567
Shakopee
578
Chaska
618
Elk River
640
Inver Grove Heights
760
Stillwater
549
Average
Carver County Cities Per Capita Spending Comparison
Per Capita
CitySpending 2016
Chanhassen424
Victoria497
Chaska578
Carver483
Waconia511
Average499
Carver County Tax Rates
City2016 Final Tax Rate**2017 Prelim Tax Rate**
Chanhassen24.25223.835
Chaska26.11827.555
Victoria31.52031.442
Waconia49.26755.212
Carver48.99849.459
58.91153.135
Mayer
58.97162.227
Watertown
66.36072.724
NorwoodYoung America
Cologne70.96272.944
NewGermany111.294104.514
Hamburg128.993145.533
Average61.42263.507
** Based on Urban Tax Rates
Hennepin County Tax Rates -2016
CityTax Rate**CityTax Rate**
Medina23.301St. Louis Park46.195
Chanhassen24.252Mound51.085
Wayzata24.673Crystal51.831
Edina27.137Robbinsdale52.162
Plymouth27.330Golden Valley54.452
Minnetrista28.792BrooklynPark55.251
Shorewood30.227Rockford56.620
Excelsior30.253NewHope56.668
Eden Prairie32.137Richfield60.992
Minnetonka35.674Minneapolis62.437
Rogers37.879Hopkins63.988
Maple Grove39.196Osseo70.645
Champlin42.749BrooklynCenter71.775
Bloomington44.290AVERAGE44.457
** Based on Urban Tax Rates
Discussion Points
16
Staff recommends adopting a 2017 final levy at
$10,795,121 and approves total general fund
expenditures of $10,991,400. It also approves
the CIP for 2017-2021 in the total amount of
$153,293,650
DECEMBE
R 12, 2016