1. City of Twin Falls 2015 Fiscal Year City Manager’s Recommended Budget July 28, 2014

2. 2015 F ISCAL Y EAR C ITY M ANAGER ’ S R ECOMMENDED B UDGET July 28, 2014 Let’s start at the end, and answer the question: “How much more will it cost to live in Twin Falls next year?” 20142015 Property Taxes on a Median Home - $144,300 (annual assessment)$566.85$570.90 Annual Water Bill – 18,000 gals/mo. ($37.26 to $38.01/mo.)$447.12$456.12 Annual Sewer Bill – capped 8,000 gals/mo. ($24.49 to $24.74/mo.)$293.88$296.88 Annual Sanitation Bill – $16.99 to $17.18/mo.$203.88$206.16 Total$1,511.73$1,530.06 Annual Difference$18.33 Monthly Difference$1.53

3. 2015 F ISCAL Y EAR C ITY M ANAGER ’ S R ECOMMENDED B UDGET July 28, 2014 Budget Overview Budget concepts and funding strategies grew out of many internal conversations, public informational listening, sessions and planning meetings. Six primary focus areas were developed: 1.Implement 2030 strategic plan goals and objectives, to realize outcomes 2.Limit tax collections and corresponding revenues 3.Invest in our employees 4.Continue to invest in our infrastructure systems 5.Invest in our structures and facilities 6.Continue to pursue innovative strategies and find more effective outcomes.

4. 2015 F ISCAL Y EAR C ITY M ANAGER ’ S R ECOMMENDED B UDGET July 28, 2014 Property Tax Collections: Idaho Code allows local governments the ability to increase total tax revenue collections by 3% each year, in addition to new construction, annexation, and foregone amount. The Recommended Budget is balanced with only a.76% increase in property taxes, plus new construction. The foregone balance will grow by approximately $387,693.

5. City of Twin Falls FY 2015 Budget FY 2014 Adopted Budget FY 2015 Proposed Budget Total Taxable Value$2,200,305,399$2,232,160,038 Total Net Revenues $52,138,634 $56,442,315 Tax Supported Funds$31,143,985$33,256,273 Non-Tax Supported$20,994,649$23,186,042 Total Tax Collections$17,286,791$17,662,302 Taxes per $1,000 in Value $7.85/$1,000$7.91/$1,000 Tax Rate0.0078565420.007912650 Total tax collections are increasing by $375,511. We are projecting the maximum tax rate will be equivalent to $7.91/$1,000 in taxable value. The tax rate for the 2014 tax year was $7.85 /$1,000 in taxable value.

6. 2015 F ISCAL Y EAR C ITY M ANAGER ’ S R ECOMMENDED B UDGET July 28, 2014 How does the City’s Tax Rate compare? Total Taxes2012 Median Property ValueFY 2013 Twin Falls $ 566.85$144,3000.0078565 Twin Falls (2014) $ 570.90$144,3000.0079126 Caldwell $ 652.96$106,6000.0122506 Pocatello $ 659.48$132,7000.0099393 Idaho Falls $ 667.08$147,8000.0090267 Nampa $ 684.45$124,1000.0110306 Coeur d'Alene $ 711.49$186,6000.0067376 Lewiston $ 845.81$168,9000.0096224

7. City of Twin Falls FY 2015 Budget Budget Overview-All Funds In FY 2015, the recommended net budget is $57,082,189, or a 7.8% increase. The government funds have increased 6.65%. 3 new positions Pay adjustments Health ins – 7.72% Increase in contract for legal Comp plan update The enterprise funds have increased 9.55%. 2 new positions Pay adjustments Health ins. – 7.72% Use of impact fees to fund approved caps. CSI Student Safety Initiative Dierkes stair project Improvements at the Shop

8. FY 2015 Budget Personnel Overview For FY 2015, the City Manager’s recommended budget adds 5 full-time equivalents at a total organizational cost of $299,943; The total count for full time positions is 281. That equates to 6.2 employees per 1,000 of population. Full-Time Equivalents – All Funds

9. FY 2014 Budget M&O Overview Total Maintenance and Operating costs in FY 2014 were $15,618,987. FY 2015 Maintenance and Operating costs are $15,925,810, an increase of $306,823 or 1.96%. (The MCI has gone up 2.19%) Change in Legal contract, comp plan update, and power costs (Water) are three of the most significant factors. Maintenance and Operations – All Funds

10. FY 2015 Budget Capital Overview Total funding for capital improvements and acquisitions is scheduled to increase from $10,425,994 to $12,320,801 or by $1,894,807 or 18.2%. A majority of this increase is attributed to a fire truck, to be paid for with impact fees and grant revenue. The budget also includes $2 million for the CSI Student Safety initiative, to be funded with pass-thru grants. As illustrated on the graph above, the City of Twin Falls has spent a total of $112,000,000 on capital related improvements since FY 2007. Capital Expenditures – All Funds

11. 2015 F ISCAL Y EAR C ITY M ANAGER ’ S R ECOMMENDED B UDGET July 28, 2014 Water Fund The Water Fund supports the following water-related activities: water supply, water distribution, pressurized irrigation, and utility billing. The FY 2015 recommended budget for the Water Fund calls for a 2% rate increase. The annual cost of the recommended increase to the average water user, defined as a user who consumes 18,000 gallons per month, is $9.00, or $.75 per month. Sewer Fund The Sewer Fund supports all wastewater collection and treatment. The FY 2015 recommended budget for the Sewer Fund calls for a 1% rate increase. The annual cost of the recommended increase to the average user is $3.00, or $.25 per month. Sanitation Fund The City of Twin Falls is the only city in the Magic Valley to offer its residents a curbside single stream recycling program. City Staff is recommending an increase of $.19 per month, which equals a 1.11% increase to our customers. This will cause the monthly bill to increase from $16.99 per month to $17.18 per month.

12. 2015 F ISCAL Y EAR C ITY M ANAGER ’ S R ECOMMENDED B UDGET July 7, 2014 So one more time: “How much more will it cost to live in Twin Falls next year?” 20142015 Property Taxes on a Median Home - $144,300 (annual assessment)$566.85$570.90 Annual Water Bill – 18,000 gals/mo. ($37.26 to $38.01/mo.)$447.12$456.12 Annual Sewer Bill – capped 8,000 gals/mo. ($24.49 to $24.74/mo.)$293.88$296.88 Annual Sanitation Bill – $16.99 to $17.18/mo.$203.88$206.16 Total$1,511.73$1,530.06 Annual Difference$18.33 Monthly Difference$1.53