 Understanding the financial short comings.

 Impact on Village finances.

 Understanding the financial short comings.  Impact on Village finances.  Options to assist in financial relief.

General

Street

General Street State Highway

General Street State Highway Fire Levy

General Street State Highway Fire Levy Street Light

General Street State Highway Fire Levy Street Light Water

General Street State Highway Fire Levy Street Light Water Sewer

General Street State Highway Fire Levy Street Light Water Sewer Refuse

General Street State Highway Fire Levy Street Light Water Sewer Refuse Agency Bond

Real Estate Taxes – 9.53% Tangible Intangible -.38% Local Government – 27.65% Cigarette Tax -.02% Liquor Permits -.7% Tax Zoning Permit -.1% State Income Taxes -.6% Reimbursable / Refunds -.16% Interest -.48% Other – 6.83% Local Income Tax – 53.55%

Street Levy – 61.2% License Fees – 5.8% Gasoline Taxes – 27.3% Sidewalk Assessments – 5.7%

License Fees – 83% Gasoline Taxes – 17%

Based on current Fire Levy in effect. Money received within this fund is transferred to Fire Department.

Special assessment to the property taxes – 100%

Water from utility billing – 100% Sewer from utility billing – 100% Refuse from utility billing – 100%

 Two largest contributors are Local Government funds and Village income taxes.

 Local Government Fund and Income Taxes Account for 82% of Revenue in General Fund.

 In 2011 The State reduced Local Government Revenue by 25% with an additional 50% expected for 2012 and beyond.

 An income tax revenue decline is evident due to the struggling economy.

 In 2011 The State reduced Local Government Revenue by 25% with an additional 50% expected for 2012 and beyond.  An income tax revenue decline is evident due to the struggling economy.  We cannot transfer from other funds into the General Fund, unless a court order is granted.

 $197,244.09

 $225,090.91

 $197,  $225,  $261,383.36

 $197,  $225,  $261,  $212,498.86

 $197,  $225,  $261,  $212,  $173,864.88

 $197,  $225,  $261,  $212,  $173,  $135, (Estimated)

Average Received From 2006 to 2010 $214,016.42

Average Received From 2006 to 2010 $214, Estimated Amount Received in 2011 $135,000.00

Income taxes have decreased by $79,016 from the average amount over the past five years. A 37% Decrease

 $106,559.29

 $106,405.63

 $106,  $106,  $106,228.95

 $106,  $106,  $106,  $92,972.93

 $106,  $106,  $106,  $92,  $92,671.24

 $106,  $106,  $106,  $92,  $92,  $85, (Estimated)

Average Received From 2006 to 2010 $100,967.61

Average Received From 2006 to 2010 $100, Estimated Amount Received in 2011 $85,000.00

Local Government Revenue has decreased by $15, from the average amount over the past five years. A 16% Decrease

Revenue  $438,386.48

Revenue Grants  $438, $63, =

Revenue GrantsTotal  $438, $63, = $375,129.79

Revenue GrantsTotal  $438, $63, = $375,  $542,699.30

Revenue GrantsTotal  $438, $63, = $375,  $542, $145,771.30

Revenue GrantsTotal  $438, $63, = $375,  $542, $145,771.30= $396,928.00

Revenue GrantsTotal  $438, $63, = $375,  $542, $145,771.30= $396,  $451,518.78

Revenue GrantsTotal  $438, $63, = $375,  $542, $145,771.30= $396,  $451, $27, =

Revenue GrantsTotal  $438, $63, = $375,  $542, $145,771.30= $396,  $451, $27, = $423,694.58

Revenue GrantsTotal  $438, $63, = $375,  $542, $145,771.30= $396,  $451, $27, = $423,  $371,852.25

Revenue GrantsTotal  $438, $63, = $375,  $542, $145,771.30= $396,  $451, $27, = $423,  $371, $5, =

Revenue GrantsTotal  $438, $63, = $375,  $542, $145,771.30= $396,  $451, $27, = $423,  $371, $5, = $366,715.25

Revenue GrantsTotal  $438, $63, = $375,  $542, $145,771.30= $396,  $451, $27, = $423,  $371, $5, = $366,  $358,772.62

Revenue GrantsTotal  $438, $63, = $375,  $542, $145,771.30= $396,  $451, $27, = $423,  $371, $5, = $366,  $358, $5, =

Revenue GrantsTotal  $438, $63, = $375,  $542, $145,771.30= $396,  $451, $27, = $423,  $371, $5, = $366,  $358, $5, = $353,227.32

Revenue GrantsTotal  $438, $63, = $375,  $542, $145,771.30= $396,  $451, $27, = $423,  $371, $5, = $366,  $358, $5, = $353,  $276,950.00

Revenue GrantsTotal  $438, $63, = $375,  $542, $145,771.30= $396,  $451, $27, = $423,  $371, $5, = $366,  $358, $5, = $353,  $276, $0

Revenue GrantsTotal  $438, $63, = $375,  $542, $145,771.30= $396,  $451, $27, = $423,  $371, $5, = $366,  $358, $5, = $353,  $276, $0 = $276,950.00

Average amount Received from 2006 to 2010 Average - $383,138.99

Average amount Received from 2006 to 2009 Average - $383, Amount Estimated to Receive 2011 Estimated - $276,950.00

Average amount Received from 2006 to 2010 Average - $383, Amount Estimated to Receive 2011 Estimated - $276, Difference of $106, Or 28% Loss in Revenue

 Equipment fund was placed within the General Fund in This added $23, to the General Fund total. Total revenue projection was estimated at $353,227.32, however if you were to remove the amount added by equipment fund the General Fund balance would have been $329,

Council Salaries Mayor Salaries Administrator (partial Salary) Clerk/Treasurer (partial Salary) Park maintenance salary Employee Benefits (partial), Workman Comp, Life/Health Insurance, PERs. Law Enforcement Contract Tax Collectors Contract Solicitor’s fees Park Expenses Public Defender and Prosecutor contracts State Examiners fees (auditor’s fees) City Tax Refunds Electric/Gas expenses for City Building and Maintenance Building Other operating. Equipment expenses

 The largest expense in the General Fund is Law Enforcement.

 Law Enforcement contract is 43% of the total General Fund Revenue.

 $174,788.49

 $189,502.46

 $174,  $189,  $147,028.00

 $174,  $189,  $147,  $150,179.52

 $174,  $189,  $147,  $150,  $150,179.52

 $174,  $189,  $147,  $150,  $150,  $150,179.52

 Daily coverage 16 to 20 hours (exclusively)

 Detective Services

 Daily coverage 16 to 20 hours (exclusively)  Detective Services  Canine Services

 Daily coverage 16 to 20 hours (exclusively)  Detective Services  Canine Services  Any other services provided by County Sheriff Office.

 2006 – We operated with only two full time patrol officers instead of three. We filled the shifts with auxiliary patrol personnel and part time employees.  2007 – We operated primary with one full time employee and in September Miami County Sheriff entered into contract with Bradford.

 $356,008.36

 $375,999.93

 $356,  $375,  $310,866.13

 $356,  $375,  $310,  $338,554.11

 $356,  $375,  $310,  $338,  $309,070.27

 $356,  $375,  $310,  $338,  $309,  $298, (Estimated)

Average cost to Operate from 2006 to 2010

$345,356.00

Average cost to Operate from 2006 to 2009 $345, Cost to Operate 2011 $298, Estimated

Decrease of 14% in Operating Cost in 2011 compared to the average cost to operate the five previous years.

 Land Purchase (High Walk), Grant Funded  2006 – Feed Elevator Demolition, Grant Funded  Purchased Picnic Tables, Grant Funded

 Playground Equipment, Grant Funded  2007 – Demo Building in Park, Village Funded  2007 – Tennis Court Repairs, Village Funded  2007 – Parking Lot in Park, Grant Funded  2007 – Replaced Council Bench Top, Village Funded

 Walking Trails in Park, Grant Funded  2008 – Signs in the Park, Village Funded  2008 – City Building Renovation, Village Funded  2008 – First payment railroad property, Village Funded

 2009 – Renovation of Park Shelter, Grant Funded  2009 – City Building Renovation, Village Funded  2009 – Parking area city building area and Tower/Dumpster area project, Village Funded  2009 – 2 nd payment for Railroad Property, Village Funded

 2010 – Final payment tower/dumpster area project, Village Funded.  2010 – Third payment of four, railroad property, Village Funded.

 Increase Income Tax 1. A ½ percent increase (1% to 1.5%)to local income tax was placed on ballet and failed twice. In November the same increase will be placed on ballet for voters approval.

 Increase Income Tax  Eliminate or alter current income tax credit 1. This option would create residents to pay both entities, the jurisdiction where they live and work. This would be only as a last resort. Can be achieved without voter approval.

 Increase Income Tax  Eliminate or alter current income tax credit  Decrease operating costs 1. For the last few years we have significantly reduced operating costs.

 Increase Income Tax  Eliminate or alter current income tax credit  Decrease operating costs  Decrease/alter current services provided 1. Law Enforcement is the single largest expense to the General Fund. 2. A reduction in coverage is imminent if income taxes are not increased. 3. If income tax levy is passed we still will fall short and may need to reduce coverage. 4. All other services are difficult to reduce

 Increase Income Tax  Eliminate or alter current income tax credit  Decrease operating costs  Decrease/alter current services provided  Increase Jobs