1. What are the facts?
Impact of Budget?
How will fees calculated?
How will this impact individuals?

2. Property Tax Scenarios
The Budget of the Dam Management District
Will be proposed by the Board of Directors
Reviewed, approved and/or modified by a vote of the members
Method of apportioning will be approved by the members F A C T S
Until the process is completed, no one can tell you what the budget will be or how much individual portions will be.
However, using some basic mathematics, we can do a few calculations to define the size of the breadbox..

3. Using a flat rate, we can calculate the impact of various budgets.
Property Tax Scenarios
Using a flat rate, we can calculate the impact of various budgets.
Budget = $15,000
Properties = 322
$15,000 ÷ 322 = $46.58

4. Identified Projects
Done
Done
Done
Done

5. Property Tax Apportioning
A brief explanation of the apportioning alternatives
Method 1, Fixed Rate
Budget =
$ 20,000
No. of Props.=
322
Avg. Annual Fee =
$ 62.11
Method 2, Variable Rate:
Budget =
$20,000
Total Valuation=
$90,270,400
Avg. Value=
$280,343
($90,270,400 ÷ by 322)
Tax Rate= $
per Thousand ($20,000 ÷ by $90,270,400) X 1,000
 Avg. Annual fee =
$ 62.11
(280,343 X ÷ by 1,000)
This one is linked to the Excel file. With the correct numbers- NOTE… changed wording to “loan” instead of “Bond”…
I just spoke with John Mainville: Bonds have an admin cost of $30 to $40K and generally are not used for smaller amount.
He suggested that local financing was probably better… Farmers Home for example. I asked him about the 5% assumption
He thought that was about right… better credit rating could drive that down to the 3% range.
He agreed to try and get me more information and was going to call someone he knows.
Leo

6. Property Tax Apportioning
Method 3, Combined 50/50:
Budget
$ 20,000
Fixed Potion
$ 10,000
No. of Propertied
322
Fixed Avg. Fee
$ 31.06
Variable Portion
Total Valuation
$ 90,270,400
Avg. Value
$ 280,343
Tax Rate $
per thousand
 Variable Avg. Fee
$ 31.05
 Total Avg. Annual fee =
$ 62.11
This one is linked to the Excel file. With the correct numbers- NOTE… changed wording to “loan” instead of “Bond”…
I just spoke with John Mainville: Bonds have an admin cost of $30 to $40K and generally are not used for smaller amount.
He suggested that local financing was probably better… Farmers Home for example. I asked him about the 5% assumption
He thought that was about right… better credit rating could drive that down to the 3% range.
He agreed to try and get me more information and was going to call someone he knows.
Leo

7. Remember… How Much Will it Cost Me? The district membership will;
Budget & Apportioning
Lastly, let me try to address the question that
Is burning on everyone’s mind….
How Much Will it Cost Me?
Remember…
The district membership will;
determine the budget
determine how apportioning will be done
The following are only calculations based
on assumptions.

8. Budget & Apportioning
This one is linked to the Excel file. With the correct numbers- NOTE… changed wording to “loan” instead of “Bond”…
I just spoke with John Mainville: Bonds have an admin cost of $30 to $40K and generally are not used for smaller amount.
He suggested that local financing was probably better… Farmers Home for example. I asked him about the 5% assumption
He thought that was about right… better credit rating could drive that down to the 3% range.
He agreed to try and get me more information and was going to call someone he knows.
Leo

9. Go to Q&A