Estimated 2011 Tax Bill Breakdown *Estimate

4 Year Comparison of Surplus Budget Year Surplus Available at 12/31 443,000700,0191,080,0141,352,012 Utilized in following Year Budget 256, ,346970,5391,055,000 % of Total Budget Revenues 5%11%18%19%

Revenue Sources Taxes State Aid Miscellaneous Grants Delinquent Taxes Surplus Funds, from prior years

Schedule of Revenues Taxes 3,790,5603,644,8533,271,5513,053,655 State Aid 676, , ,620 Miscellaneous 430, , , ,801 Grants 24,433 36,324 35,012 36,264 Delinquent Taxes 255, , ,000 Surplus Budgeted 256, , ,5391,055,000

Revenue Breakdown (Using 2011 data)

Revenue Issues & Changes State Aid was reduced 173,791 from 2009 to was the first year 40,000 of the revaluation expenses had to be paid back, 2011 is the second 62,215 increase in expenditures or decrease in revenues equals one cent tax rate increase Local Tax Rate Local Tax Rate (1.18) Increase of 0.2 (two cents) new assessed value

Schedule of Appropriations Salary and Wages1,990,7352,223,2902,245,1372,296,334 OE2,102,3182,236,0622,265,7162,352,291 Deferred Charges24,801100,000 Other Operations373,041241,027436,066 Capital Improvements 28,5007,000 18,000 Debt Service421,646430,500387,700334,200 Revaluation Payback40,000 Reserve for Uncollected Taxes 392,517310,019408,407413,800

Comparison of Major Appropriations Reserve for Uncollected Taxes 392,5177%310,0196%408,4077% Debt Service421,6468%430,5008%387,7007% Insurance440,0008%538,50010%481,5008% Utilities283,0005%223,5004%271,5005% Solid Waste (Tipping Fees) 307,3006%231,9554%210,8694% MACCS (Trash Collection) 231,9504%248,3004%204,2504% Revaluation Payback 40,0001%40,0001% 0% Employer Pension Bill (PERS & PFRS) 331,7806%276,2045%241,8254% Police Salaries1,208,36022%1,367,98625%1,345,80024% All Other Expenses1,776,44333%1,881,61134%2,173,13538% Total Budget5,432,996100%5,548,575100%5,724,986100%

Cost per Average Assessment 2011 Average House is Assessed at $196,400 $ in Local Tax (0.609 rate) 2010 Average House was Assessed at $100,897 $ Local Tax (1.18 rate) Examples: Assessment 100,000 Local Tax Assessment 150,000 Local Tax Assessment 196,400 Local Tax 1, Assessment 250,000 Local Tax 1,523.00