2014 city budget and outside agency requests fourth city budget work session
TRANSCRIPT
2014 City Budget and Outside Agency Requests
Fourth City Budget Work Session
2014 Proposed City Budget 2013 Budget 2014 Proposed Budget
$ 121,804,142 $ 130,866,107
Increase of $9 million primarily due to:
(1) $1.25 million increase in the General Fund
(2) $1.74 million increase in the Economic Development Fund due to renewal of the Riley County sales tax
(3) $1.71 million increase in Bond & Interest restricted reserves
(4) $1.33 million increase in 2014 principal and interest payments
(5) $1.70 million increase in Water Fund reserves
2014 Proposed City Budget
Fund 2013 Budget 2014 Proposed Budget
General Fund $ 25,993,571 $ 27,249,785
Special Revenue Funds $ 40,809,665 $ 43,217,256
Bond & Interest Fund $ 24,495,886 $ 27,651,662
Enterprise Funds $ 30,505,020 $ 32,747,404
Totals $ 121,804,142 $ 130,866,107
Mill Levy Summary
Property Taxes Levied
Mill Levy
2013 20,110,957 43.439
1st Work Session 21,911,827 46.164
2nd Work Session 21,911,827 46.164
3rd Work Session 21,993,827 46.334
4th Work Session 21,192,618 43.699
Increase over 2013 1,081,661 .260
2014
Budget Reduction List
Employee Benefit Fund Reduction (53,000) (0.11)
Community House Historic Resource Feasibility Study
Reduction of Budget (65,000) (0.13)
Manhattan Urban Area Comprehensive Plan
Move to Economic Development Fund (64,000) (0.13)
Downtown Design Guidelines Defer to 2015 CIP (4,800) (0.01)
Update Zoning and Subdivision Regulations Defer to 2015 CIP (3,150) (0.01)
Flint Hills MPO Move to General Improvement Fund (118,655) (0.24)
Health Care Increase Budget Absorption (93,428) (0.19)
Tech Park Move to Economic Development Fund (100,000) (0.21)
Downtown Manhattan Inc.
Move to Economic Development Fund (45,000) (0.10)
Manhattan Arts Center Move to Economic Development Fund (43,700) (0.09)
RCPD Delinquency Budget Absorption (263,476) (0.55)
Budget Reduction List(continued)
2013 2014 Increase(decrease)
Increase in Valuation 3.5% 2.5%
Home Value $ 207,000 $ 212,000 $5,000
Taxable Value $ 23,805 $ 24,400 $ 595
Total City General Fund Tax Bill $ 56 $ 89 $ 33
Total Bond & Interest Tax Bill $ 129 $ 97 $ (32)
Total Tax Bill of Other City Levies $ 42 $ 91 $ 49
Total RCPD Tax Bill $ 682 $ 662 $ (20)
Total Library Tax Bill $ 125 $ 126 $ 1
Annual Increase $ 1,034 $ 1,065 $ 31
Monthly Increase $ 2.58
Impact on Average Residence
2013 2014 Increase(decrease)
Increase in Valuation 3.5% 2.5%
Business Value $ 226,853 $ 232,670 $ 5,817
Taxable Value $ 56,713 $ 58,168 $ 1,455
Total City General Fund Tax Bill $ 135 $ 213 $ 78
Total Bond & Interest Tax Bill $ 307 $ 231 $ (76)
Total Tax Bill of Other City Levies $ 99 $ 216 $ 123
Total RCPD Tax Bill $ 1,625 $ 1,580 $ (45)
Total Library Tax Bill $ 297 $ 301 $ 4
Annual Increase $ 2,463 $ 2,541 $ 78
Monthly Increase $ 6.50
Impact on Small Business
2014 Proposed Utility Rates
ResidentialRate
Increase Current Proposed Increase
Water Fund 0% $ 20.43 $ 20.43 -------
Wastewater Fund 3% $ 33.05 $ 34.01 $ .96
Stormwater Fund 2% $ 4.29 $ 4.38 $ .09
2014 Proposed Utility Rates
CommercialRate
Increase Current ProposedMonthly Increase
Water Fund 4% $ 115.97 $ 120.58 $ 4.61
Wastewater Fund 3% $ 155.17 $ 159.57 $ 4.40
Stormwater Fund
to 20,000 ft2 2% $ 6.97 $ 7.11 $ 0.14
From 20,001 to 100,000 ft2 2% $ 33.54 $ 34.21 $ 0.67
From 100,001 to 200,000 ft2 2% $ 67.05 $ 68.39 $ 1.34
…and continues…
Are there any other budget –related issues that you would like City Administration to research before the Public Hearing on the 2014 City
Budget and Capital Improvement Program on August 6th?
Questions?