Budget Hearing Presentation 9/14/09

Report
CITY OF NORFOLK, NEBRASKA
ANNUAL BUDGET
FISCAL YEAR
2014-2015
Capital Budget to Total Budget
CAPITAL BUDGET
TOTAL BUDGET
2014-2015
2013-2014
2012-2013
2011-2012
2010-2011
2009-2010
2008-2009
2007-2008
2006-2007
2005-2006
0
10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 80,000,000 90,000,000
Funds with Over $1 Million Increase
Dollar
Percentage
Budgeted
Budgeted
Increase
Increase
2013-2014
2014-2015
(Decrease)
(Decrease)
LB840 Economic Development Fund
1,571,218
4,326,833
2,755,615
175.38%
Special Assessments Fund
2,308,383
4,982,798
2,674,415
115.86%
Community Dev. Block Grant Fund
1,539,911
2,987,413
1,447,502
94.00%
Capital Construction Fund
4,805,422
5,855,837
1,050,415
21.86%
10,224,934
18,152,881
7,927,947
77.54%
All Other Funds
62,610,536
62,812,757
202,221
0.32%
TOTAL
72,835,470
80,965,638
8,130,168
11.16%
FUND
EXPENDITURE HIGHLIGHTS
The following compares by major expenditure object the
FY 2013-2014 budget with the FY 2014-2015 proposed budget:
OBJECT
BUDGET
BUDGET
FY 2013-2014 FY 2014-2015
Dollar
Increase
(Decrease)
Percentage
Increase
(Decrease)
Personnel
19,459,523
20,102,370
642,847
3.30%
Operations & Maintenance
11,405,420
15,787,124
4,381,704
38.42%
Capital Expenditure
19,425,672
19,455,667
29,995
0.15%
Debt Service
3,181,016
3,458,596
277,580
8.73%
Transfers
2,378,718
3,667,305
1,288,587
54.17%
16,985,121
72,835,470
18,494,576
80,965,638
1,509,455
8,130,168
8.89%
11.16%
Fund Ending Balance
TOTAL
REVENUE HIGHLIGHTS
The following compares by major revenue source the
FY 2013-2014 budget with the FY 2014-2015 proposed budget:
SOURCE
BUDGET
FY 2013-2014
BUDGET
FY 2014-2015
Dollar
Increase
(Decrease)
Percentage
Increase
(Decrease)
Balance Brought Forward
29,501,356
30,926,798
1,425,442
4.83%
Taxes
13,349,219
13,766,455
417,236
3.13%
204,975
216,300
11,325
5.53%
5,282,460
7,497,908
2,215,448
41.94%
12,409,320
12,825,265
415,945
3.35%
5,718,122
5,709,240
(8,882)
(0.16%)
71,192
66,185
(5,007)
(7.03%)
Transfers
2,378,718
3,667,305
1,288,587
54.17%
Proceeds of Debt
3,770,000
6,160,000
2,390,000
63.40%
Special Assess. Levied
119,650
99,434
(20,216)
(16.90%)
Non-revenue Receipts
30,458
30,748
290
0.95%
72,835,470
80,965,638
8,130,168
11.16%
Licenses & Permits
Inter-Govern. Revenue
Charges for Service
Rent & Other Revenue
Interest Income
TOTAL
Budgets by Fund
Dollar
Percentage
Budgeted
Budgeted
Increase
Increase
FUND
2013-2014
2014-2015
(Decrease)
(Decrease)
General Fund
22,911,907
23,829,860
917,953
4.01%
Sewer Fund
12,172,737
12,237,481
64,744
0.53%
Group Insurance Fund
6,024,289
6,887,730
863,441
14.33%
Water Fund
8,394,058
6,813,080
(1,580,978)
(18.83%)
Debt Service Fund
5,286,633
6,026,709
740,076
14.00%
Capital Construction Fund
4,805,422
5,855,837
1,050,415
21.86%
59,595,046
61,650,697
2,055,651
3.45%
All Other Funds
13,240,424
19,314,941
6,074,517
45.88%
TOTAL
72,835,470
80,965,638
8,130,168
11.16%
GENERAL FUND EXPENDITURE CHANGES
The following compares by department the FY 2013-2014 budget
with the FY 2014-2015 proposed budget:
DEPARTMENT
Administration
Dollar
Percentage
BUDGET
BUDGET
Increase
Increase
FY 2013-2014
FY 2014-2015
(Decrease)
(Decrease)
4,054,358
3,777,564
(276,794)
(6.83%)
641,867
726,149
84,282
13.13%
Street Maintenance
2,725,333
2,855,537
130,204
4.78%
Park Maintenance
1,483,196
1,513,533
30,337
2.05%
Housing
515,798
504,484
(11,314)
(2.19%)
Recreation
785,157
807,984
22,827
2.91%
Library
1,408,376
1,453,154
44,778
3.18%
Fire
4,034,857
4,176,075
141,218
3.50%
Police
5,239,336
5,423,032
183,696
3.51%
20,888,278
21,237,512
349,234
1.67%
Engineering
TOTAL
General Fund Revenues
FY 2014-2015
Property Tax
1,839,941
9.51%
Other Revenue
5,113,699
26.42%
Sales Tax
7,681,455
39.68%
NPPD Lease
4,721,540
24.39%
SALES TAX BUDGETED BY FISCAL YEARS
$11.00
$10.00
$9.00
$8.00
$7.00
TAXES
($MILLIONS)
$6.00
$5.00
$4.00
$3.00
$2.00
$1.00
$0.00
2006
2007
2008
2009
2010
Fiscal Year
2011
2012
2013
2014
2015
CITY OF NORFOLK, NE
Major Revenue Trends
Nebraska Public Power District (NPPD) Lease
5,000
4,500
3,500
3,000
2,500
2,000
1,500
1,000
500
2013-2014
Estimated
2012-2013
2014-2015 Budget
Fiscal Year
2011-2012
2010-2011
2009-2010
2008-2009
2007-2008
2006-2007
0
2005-2006
Dollars (in thous.)
4,000
MUNICIPAL BUDGETED PROPERTY TAX COMPARISON
The following is a yearly property tax comparison from FY 2005-2006 to FY 2014-2015:
YEARS
DEBT
ECONOMIC
GENERAL
SERVICE
DEVELOPMENT
FUND
FUND
FUND
TOTAL
FY 2005-2006
238,724
690,676
-
929,400
FY 2006-2007
430,164
690,676
-
1,120,840
FY 2007-2008
475,001
690,676
-
1,165,677
FY 2008-2009
742,907
690,676
-
1,433,583
FY 2009-2010
1,497,907
690,676
-
2,188,583
FY 2010-2011
1,497,907
690,676
400,000
2,588,583
FY 2011-2012
1,497,907
690,676
400,000
2,588,583
FY 2012-2013
1,497,907
690,676
400,000
2,588,583
FY 2013-2014
1,497,907
690,676
400,000
2,588,583
FY 2014-2015
1,839,941
690,676
400,000
2,930,617
Assessed Valuation
with % increase from the prior year
1,300,000
4.67%
3.31%
1,200,000
0.31%
0.02%
0.47%
1.13%
Dollars (in thousands)
4.24%
4.14%
1,100,000
4.29%
9.03%
1,000,000
900,000
800,000
700,000
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Nebraska Cities of the First Class
Bellevue
Ralston
Crete
LaVista
North Platte
Plattsmouth
Hastings
Ogallala
Papillion
Schuyler
South Sioux City
Chadron
Sidney
Holdrege
Wayne
Fremont
Nebraska City
Alliance
Blair
Beatrice
Lexington
Columbus
Seward
Grand Island
McCook
Gering
Norfolk
2013
2014
0.3
Norfolk
Scottsbluff
Kearney
York
Property Tax Rates
(Dollars per $100 of assessed value)
Table 7
Comparison of 2013 Property Tax Rates
0.7
0.6
0.5
0.4
0.2
0.1
0
GENERAL FUND REVENUE CHANGES
The following compares by revenue source the FY 2013-2014 budget
with the FY 2014-2015 proposed budget:
SOURCE
Taxes
Dollar
Percentage
BUDGET
BUDGET
Increase
Increase
FY 2013-2014
FY 2014-2015
(Decrease)
(Decrease)
10,288,871
10,658,196
369,325
3.59%
Licenses & Permits
204,975
216,300
11,325
5.53%
Intergovernmental Revenues
491,627
507,284
15,657
3.18%
Charges for Service
1,883,031
1,951,015
67,984
3.61%
Rent & Other Revenue
5,347,622
5,338,840
(8,782)
(0.16%)
4,200
5,000
800
19.05%
700,000
680,000
(20,000)
(2.86%)
18,920,326
19,356,635
436,309
2.31%
Other Interest Income
Non-Revenue Receipts
TOTAL

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