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2017 Preliminary* (Working Document) Budget/Levy <br /> GENERAL FUND LEVY: $8,670,635 -$8,287,721 (2016). Increase of$382,914 (increase 4.62%) <br /> EDA LEVY: $103,981 -$73,681 (2016). Increase of$30,363 (increase 41.2%) <br /> DEBT SERVICE LEVY: $1,704,442-$1,609,736 (2016). Increase of$94,706 (increase 5.9%) <br /> TOTAL LEVY: $10,479,058 - $9,971,075 (2016). Increase of$507,983 (increase 5.09%) <br /> TAXABLE VALUE: $20,837,753 - $19,609,016(2016) Increase of$1,228,737 (increase 6.26%) <br /> Estimated tax capacity rate of 43.164% (43.315% in 2016) <br /> (Fiscal Disparity numbers are not available from County at prelim, so tax rate is <br /> estimated based on prior year fiscal disparity levels) <br /> *The taxable levy has been reduced by $69,627 since 8-8-16 worksession. Amendments: <br /> 1. Cafeteria Plan Encumbrance Removed <br /> 2. Health Plan rates re-adjusted and allowance for union negotiations <br /> 3. Amended COLA rate encumbered — meet 2017 average & open for union neg. <br /> 4. Amended Engineering Revenue down to reflect CIP 2017 Road Recon Costing of <br /> projects <br /> LEVY BREAKDOWN: <br /> -General Levy: <br /> General Fund: Levy Increase of$382,914 <br /> A. Contributing Factors of Increase: <br /> 1. Personnel—Wages & Benefits ($377,456 increase): <br /> a. 2% COLA, Steps <br /> a. 2% COLA - $100,680 General Fund Increase <br /> b. Health Insurance Rate Decrease <br /> c. NEW Personnel Requests: $136,755 (See Personnel Spreadsheet) <br /> This includes new positions, additional hours and position reclasses <br /> 2. Other Services & Charges ($73,700 Increase) <br /> a. Professional Services—Planning Consultant <br /> b. Website Redesign <br /> c. Contracted Recreational Services —Ex: Recreation programs offered in Draw Park <br /> such as yoga, art, etc. <br /> 1 <br />