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WHITE BEAR TOWNSHIP

WHITE BEAR TOWNSHIP

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WHITE BEAR TOWNSHIP

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  1. WHITE BEAR TOWNSHIP SPECIAL TOWN MEETING DECEMBER 10, 2013 HERITAGE HALL

  2. PURPOSE OF THIS MEETING Help residents: 1) Understand the Township’s budget and property tax, and 2) Establish the property tax levy and recommend a General FundBudget for 2014.

  3. 2013 ADOPTED BUDGETandPROPERTY TAX LEVYRECAP

  4. 2013 ADOPTED BUDGET &PROPERTY TAX LEVY RECAP • Property tax levy of $2,859,002 • A decrease of 1.6%. • Debt levy of $85,000. • Operating levy of $2,506,239. • Fiscal Disparities of $267,763.

  5. 2013 ADOPTED BUDGET &PROPERTY TAX LEVY RECAP • General Fund budget of $3,404,655 • Balanced budget. • Increase of 0.47%. • Public Safety is the largest budgeted expenditure area. • Property taxes account for 81.36% of the revenues.

  6. 2013 ADOPTED BUDGET &PROPERTY TAX LEVY RECAP • 2013 Budget verses Actual (through October): • Collected 52% of property tax levy. • Collected 63% of General Fund revenues. • Spent 76% of budget. • All debt payments have been made.

  7. 2014 PROPOSED BUDGETandPROPERTY TAX LEVY

  8. 2014 BUDGET PROCESS • Budget Calendar: • Preliminary levy presented at Annual Town Meeting March 12th. • Started budget in June. • Preliminary levy certified to County September 16th. • 5-year CIP updated for approval by Town Board on December 16th.

  9. 2014 BUDGET PROCESS • Budget Calendar: • Budget workshops between August and November. • Budget & tax levy presentation to residents December 10th. • Residents approve tax levy. • Final levy certified to County by December 27th. • January 1st fiscal year begins.

  10. Proposed 2014Budget

  11. Total Expenditure Budget$11,205,846

  12. Total Expenditure Budget$11,205,846

  13. PERSONNEL SERVICES • $1,834,162 Total Budget - All Funds. • 0.93% decrease from 2013. • 17 full-time and 1 part-time for 2014. • 1 full-time position is vacant • Budget includes filling position April 1st. • Includes summer seasonal positions. • Includes PERA & FICA, health insurance and workers compensation. • Decrease in Health Benefits. • 2.5% COLA 1/1 & 1.5% 7/1

  14. SUPPLIES • $377,215 in Total Budgeted for All Funds. • 0.18% decrease from 2013. • Includes salt, sand, chemicals and street maintenance materials. • Chemical budget increased for road treatments and polyphosphates to improve water quality.

  15. OTHER SERVICES & CHARGES • $4,812,808 in Total Budgeted for All Funds. • 9.26% increase from 2013. • Includes professional fees (elections, audit, engineering and legal). • Includes contracted services for sheriff and fire (1.59% increase and 7.06% decrease respectively). Represents 9.38% of total Town proposed budget.

  16. OTHER SERVICES & CHARGES(continued) • $4,812,808 in Total Budgeted for All Funds (continued). • Includes other contracted services (beach operations, portable toilets, and water main repairs). • $154,600 to replace/maintain park assets. • Includes utilities (electricity, gas, water and sewer).

  17. DEBT SERVICE • $1,016,197 in Total Budgeted for All Funds. • 14.50% increase from 2013. • Includes principal, interest and fiscal fees on non-utility revenue bonds. • Includes interest and fiscal fees on utility revenue bonds. • Retires the 2005A Improvement Bond.

  18. CAPITAL OUTLAY • $2,708,149 in Total Budgeted for All Funds. • 24.70% decrease from 2013. • 2014 projects include a large mill & overlay street project & seal coat project. • Includes park improvements, capital building and equipment replacements/additions.

  19. TRANSFERS • $457,315 in Total Budgeted for All Funds. • 9.84% decrease from 2013. • Represents transfers between funds. • Includes transfers for: • Debt funded by other than special assessments or taxes. • Funds for capital projects in 2014and future projects. • Final YMCA / Sewer Loan payments.

  20. Proposed 2014Budget by Fund Type

  21. Special Revenue FundsRevenues - $42,680Expenditures - $28,089

  22. Debt Service FundsRevenues - $641,973Expenditures - $955,257 • Rated Aa2 by Moody’s Investors Services. • Debt per capita is $539. • Outstanding debt is $5,920,000.

  23. Capital Improvement FundsRevenues - $1,124,007Expenditures - $2,392,727

  24. Internal Service FundsRevenues – $479,887Expenditures - $521,700

  25. Enterprise Funds

  26. Enterprise Funds Revenues – $3,189,357 Expenses - $3,817,273 • Includes Storm Water, Sewer and Water Utility Funds. • $498,700 in infrastructure improvements. • 75.85% of expenses covered by rates. • Depreciation expense of $741,000.

  27. Utility Rates • Rates are intended to cover operations and part of depreciation. • Water rates were reviewed and • adjusted. • Rates should cover operating costs and 75% of depreciation costs. • Rate study needed for Sanitary • Sewer and Storm Water Funds. • Sanitary Sewer Fund has lost $2,277,238 since 2009 with a 2013 projected loss of $219,710 • Storm Water Fund has a projected $113,353 loss for 2013.

  28. General Fund Accounts for the operations of the Township. • General Fund budget is proposed to increase 2.53%. • Main revenue source is property taxes. • Balanced budget.

  29. 2014 Proposed General Fund Expenditures of $3,490,800

  30. 2013 Proposed General Fund Expenditures by Function $3,490,800

  31. PERSONNEL SERVICES • $1,152,656 in General Fund. • 0.24% increase from 2013. • Maintains current 17 full-time for 2014. • Current vacant secretary position to be filled April 2014 • Includes funding for summer seasonal positions. • Includes PERA & FICA, healthand workers compensation insurance. • Health insurance benefit reduced to an 80/20 plan.

  32. SUPPLIES • $229,645 in General Fund. • 6.58% of proposed 2014 GF budget. • 2.59% decrease from 2013. • Includes office supplies, salt, sand, chemicals andstreet maintenance materials.

  33. OTHER SERVICES & CHARGES • $2,017,481 in General Fund. • 57.79% of proposed 2014 GF budget. • 6.83% increase from 2013. • Includes professional fees (audit, engineering and legal). • Contracted services for sheriff department increased 1.59%, and Fire contract decreased 7.06%. • Public Safety Department makes up 37.69% of GF budget

  34. CAPITAL OUTLAY • 1.12% of proposed 2014 GF budget. • Based on 5-year CIP. • Includes playground replacement, improved handicapped accessibility and trail reconstruction.

  35. TRANSFERSGeneral Fund • $52,019 in General Fund. • 1.49% of proposed GF budget. • 22.07% decrease from 2013. • Represents transfers between funds • Includes transfers for: • $45,000 – Improvement Fund (2013Sealcoating program). • $7,019 - YMCA / Sewer Loan. • Final payment.

  36. General Government budget proposed at $830,105 a increase of $17,177

  37. Public Safety budget is proposed to decrease 0.84% to $1,315,591

  38. Public Works budget is proposed at $801,770 which is a 0.06% decrease

  39. Culture & Recreation budget is proposed to increase 17.43% or $80,642 to $543,335

  40. General Fund Revenues

  41. General Fund Property Taxes • Largest revenue source. • Proposed to decrease 0.32%. • Fiscal Disparities Revenue will be $290,582, which is a 10.17% increase. • General Fund Tax levy proposed at $2,470,650. • Is a 1.42% decrease.

  42. TAX CAPACITY(Your Property)

  43. TAX CAPACITY Ramsey County Assessor determines market values. Property class rates are established by the State of Minnesota. Class rates applied to market value to establishes tax capacity. The tax levy is divided by the tax capacity value to determine the tax rate.

  44. How to Calculate YOUR Tax Capacity • Tax Capacity using HMVE: • Multiply the 1st $76,000 of estimated market value by 40%. • Multiply any estimated market value above $76,000 by 9%. • Deduct the result of step 2 from step 1 – this is your property’s HMVE (if step 2 is greater than step 1 your HMVH is zero). • Deduct HMVE from the estimated market value. • Result is taxable market value. • Multiply taxable market value by property class rate. • Result is taxable tax capacity.

  45. Calculate Your Tax Capacity – EXAMPLE 1 • Homestead Market Value $247,000: • $76,000 x 40% = $30,400. • $171,000 ($247,000 - $76,000) x 9% = $15,390. • $30,400 - $15,390 = $15,010 HMVE. • $247,000 - $15,010 = $231,990. • $231,000 is the taxable market value. • $231,000 x 1% = $2,310 is the taxable tax capacity.

  46. Calculate Your Tax Capacity – EXAMPLE 2 • Homestead Market Value $406,153: • $76,000 x 40% = $30,400. • $330,153 ($406,153 - $76,000) x 9% = $29,714 • $30,400 - $29,714 = $686 HMVE • $406,153 - $686 = $405,467 • $405,467 is the taxable market value. • $405,457 x 1% = $4,055 is the taxable tax capacity.

  47. TAXABLE TAX CAPACITY(Township Tax Base)

  48. ESTIMATED PAYABLE 2014TAX CAPACITY (for local rate) Real Property $12,050,042 Personal Property 105,167 Total Tax Capacity $12,155,209 Less: Tax Increment Tax Capacity 686,493 Fiscal Disparity Contribution 1,170,521 Taxable Tax Capacity $10,298,195 Represents an INCREASE of $249,162or 2.48% from payable 2013

  49. Tax Capacity increased 2.48%$10,298,195

  50. Proposed 2014 Property Tax Levy Property Tax $2,470,650 Fiscal Disparities 290,582 Total Operating Levy Based on Tax Capacity $2,761,232 • 1.53% decrease from 2013 levy. • Lower than 2011, 2012, and 2013 Operating Levies.