1. 2019 TRUTH IN TAXATION HEARING
December 3, 2018

2. Meeting Purpose
Provide an opportunity for residents to ask questions and learn about the city budget and tax levy.
Presentation will cover:
Council Goals and Priorities
Overview of General Fund
Budget
Details on Levy
Questions

3. 2019 Funding Priorities Street Rehabilitation Public Safety
Business expansion & retention
Parks & trails
Sidewalks
City Facilities

4. How priorities are met
Funding of Street Improvement Fund through operating transfers. Proposed to add $286,256 in 2019.
Funding for 6 FT patrol officers.
Facility improvement planning funds allocated.
Park Improvement plan being implemented.
Sidewalk plan adopted by PUC and Council.

5. Total City Budget $5,110,659

6. 2019 General Fund Budget Revenue $2,473,481

7. Spending by Function $2,473,481

8. Expenditures By Department
2018
2019
Percent
Budget
Change
COUNCIL
$ ,695
$ ,245
(11%)
ELECTIONS
$ ,865
$ ,765
(3%)
ADMINISTRATION
$ ,586
$ ,560 3%
PLANNING AND ZONING
$ ,470
$ ,865 7%
POLICE
$ ,652
$ ,424
17%
FIRE
$ ,744
$ ,190 9%
PUBLIC WORKS
$ ,357
$ ,357
14%
PARKS
$ ,719
$ ,492
18%
LIBRARY
$ ,235
$ ,985
UNALLOCATED
$ ,690
$ ,956
(21%)
TOTAL GENERAL FUND
$2,344,133
$2,473,481
5.5%

9. Notes on Increases
Police increase is due to full year with 6 FT officers and added costs associated with additional staff.
Election funding in the off year is to cover possible referendum.
Public Works additional funds for street patching and improvements.
Parks additional funds for recreation programs.

10. Total Levy (general & debt) $1,632,667

11. 2018 GO Debt Payment Obligation
2019
Change
A Library** $
B Fischer/Cty 142**
A Stone Ridge**
A Lexington Ave**
A Refund 2004A*
$ ,625
$ ,184
$ ,559
B Second Street
$ ,300
$ ,550
$ (750)
A Refunding
$ ,099
$ ,362
$ (5,737)
A 5th Street
$ ,540
$ ,540
$ (2,000)
A 5th Street Water
$ ,810
$ ,210
 $ (600)
TOTAL
$ ,074
$ ,846
$ ,772
*Last payment in 2019 (no levy needed)
**Part of 2012A Refinancing

12. General Fund Reserves

13. Figuring the Property Tax
Property tax – County, City, State, School, Other
Property Classification
State assigned class rate
Estimated Market Value
Market Value Exclusion – if applicable
Taxing authority tax rate

14. City Levy impact on Residential Property Taxes
Taxable Mkt Value
2017
2018
2019
Change
$95,000
$838
$832
$767
($65)
$120,000
$1,058
$1,051
$904
($147)
$150,000
$1,322
$1,314
$1,211
($103)
$200,000
$1,763
$1,752
$1,615
($137)
$250,000
$2,204
$2,190
$2,019
($171)

15. Tax Rate Taxable Net Tax Capacity City levy Est. Tax Rate 15/16 16/17
15/16
16/17
17/18
18/19 est.
Net Tax Capacity
$1,801,695
$1,802,117
$1,953,487
$2,021,991
City Levy
$1,782,874
$1,618,704
$1,598,474
$1,632,667
Tax Rate
99.890%
89.822%
81.826%
80.746%

16. Levy and Debt Levy History

17. Tax Rate History

18. QUESTIONS