City of Nevada

FY 2017/2018

Budget

Presented by:

Matt Mardesen, City Administrator

Kerin Wright, City Clerk

February 6, 2017 City of Nevada

What is Nevada’s Financial

Situation?

Cash Solvency?

Budgetary Solvency?

Long-run Solvency?

General Fund - Budget to Actual Beginning Transfers Transfers Ending

Balance Revenue In Expenditures Out Balance

2010/2011 Budget 2,152,996 702,915 2,874,773 9,137 (37,999)

Actual 2,101,949 2,261,486 692,701 2,635,680 750 2,419,706

5.04% -9.07% 317,757

2011/2012 Budget 2,246,002 733,351 3,000,179 1,000 (21,826)

Actual 2,419,706 2,276,751 728,971 2,775,192 1,000 2,649,236

1.37% -7.50% 229,530

2012/2013 Budget 2,405,797 805,229 3,101,656 110,500 (1,130)

Actual 2,649,236 2,268,810 793,623 2,880,331 114,158 2,717,180

-5.69% -7.14% 67,944

2013/2014 Budget 2,484,062 862,946 3,218,110

18,398

Actual 2,717,180 2,446,587 877,729 3,077,619 2,000 2,961,877

-1.51% -4.36% 244,697

2014/2015 Budget 2,186,722 616,456 2,787,703 15,475

Actual 2,961,878 2,234,416 972,609 3,035,279 89,361 3,157,260

2.18% 8.88% 82,385

2015/2016 Budget 2,450,881 1,020,240 3,751,762 94,000 (374,641)

Actual 3,157,260 2,474,907 1,116,571 3,651,640 20,000 3,077,099

.97% -2.67% (80,161)

2016/2017 Budget 2,613,908 955,116 3,670,576 0 (101,552)

Actual

2017/2018 Budget 2,572,026 1,129,215 3,792,520 20,000 (111,279)

Actual

Purpose of Fund

Balance

Guard against revenue

fluctuations

What is the City doing to Manage

our Financial Situation?

• Raised new revenues or increased fees

• Cost Control

• Doing More with Less

• Releasing Residential from the TIF district

• Lean – Reducing costs and improving

service

What are some examples of

Financial Policies or Rules of

Thumb that the City uses? (What is our tolerance for risk?)

• Investment Policy

• Debt Policy

• Purchase Policy

• Fund Balance Policy

How does the City monitor the

finances?

• Monthly budget to actual report

• Monthly bank reconciliation

• Quarterly budget line-item review per fund

• Regular project status reports

• Audit

• Annual Report

Budget as Team Sport

The nice thing about teamwork is that

you always have others on your side.

--Margaret Carty

Who are the Members of the

City’s Finance Team?

1. Elected Officials: Mayor Lynn Lathrop, Council members Barb

Mittman, Andy Kelly, James Walker, Ray Schwichtenberg, Brett

Barker and Brian Hanson

2. City Staff

3. Project specific technical experts (i.e. Engineers)

4. Independent financial advisors (i.e. Chip Schultz)

5. Bond Counsel

6. Citizens

What are some of the City’s plans that help put together a City’s

budget?

• Vision 2020 Plan

• Strategic Plan (2-year On-going Project and New Initiatives; Goals and Action Plans)

• Departmental Forms and State Forms

• Comprehensive Plan

• Capital Improvement Plan

• Equipment Revolving Plan

• Financial Policies

Nevada:

A Financial Sound City

•City services delivered in most effective manner

•Upgraded City technology and financial systems

(including data security)

•Maintained best bond rating

•Increased City’s financial reserves

•Leveraged City resources through outside

grants, partnerships and private contributions

•Users paying for cost recovery of the delivery of

City services

Budget Timeline

August – Updating the Insurance Renewal and Wellness Programs

September/October – Updated plans and had discussion with budget committee on services and cost saving

November – Budget worksheets out and due and Human Service groups made presentations

December – Budget committee reviews LOT, H/M, TIF, and CIP spreadsheets before and after citizen committee makes Human Service group recommendations

January – Staff fine tunes budget by line item, Council approves LOT, H/M and TIF distributions

February – Budget work session and Set Public Hearing

March – Public Hearing and Approve Budget

Budget Year

Fiscal Years:

July 1-June 30

Budget as a Plan

• Based on projections

• Actual experience may vary, may need

to adjust during the year

• Budget sets policy for the upcoming

year, determines projects that will be

undertaken, etc.

• Also a communication tool

Budget Adoption

•Rigid and regulated by state

•Budget is an appropriation, giving the

city the authority to spend

•Provides maximum citizen oversight

Legislative Limits

•State places limits

•State requires expenditures

Results in mandates!

$

Revenues

Expenses

July January June

City Revenue Cycle

Taxable Value

Property Tax Base

(assessed value of properties in the city)

Several types of tax base:

• Residential

• Multi-Residential

• Commercial

• Industrial

• Agricultural

• Utility

State Limitations

The Rollback means that

property is not taxed at its

full value, only a percent.

State sets the percent for a whole

class of property. Effects residential

property the most.

Levy Rates

•Different rates available

•Usage and/or amount is limited

•Expressed in dollars and cents per 1000

General Fund capped at $8.10/1000

Slicing the Property Tax Pie

Taxes

Levied

Residential Property Example

(Assessed Value) $100,000

X (State Limitation) 56.9391%

Taxable Value $56,939.10

Example

(Taxable Value) $56,939.10

X (Levy Rate) $14.618/1000

Total Property Tax Revenue

$832.34

Rollback Figures

Residential

Property

FY 17/18 FY 16/17 FY 15/16 FY 14/15

Rollback 56.9391% 55.6259% 55.7335% 54.4002%

City Millage rate of $14.618 $14.618 $14.618 $14.99653

Property Tax $832.34 $813.14 $814.71 $815.81

Property Taxes: Where does it go?

Given a $100,000 residential property

FY 10/11 - 46,909

Levy Amount

8.10000 379.96

0.13500 6.33

0.51698 24.25

0.53000 24.86

0.27000 12.67

2.60702 122.29

2.71970 127.58

0.25000 11.73

15.12870 709.67

Levy

FY15/16 – 55,733

(Taxable)

FY 16/17– 55,625

(Taxable)

FY17/18-- 56,939

(Taxable)

Levy Amount Levy Amount Levy Amount

General Fund 8.10000 451.44 8.10000 450.56 8.10000 461.21

Civic Center-Gates

Hall 0.13500 7.52 0.00657 .37 0.135 7.69

Insurance

(Tort/General) 0.54122 30.16 0.54927 30.56 0.55249 31.46

Memorial Bldg-Gates

Hall 0.53000 29.54 0.53000 29.48 0.53000 30.18

Emergency (Public

Safety) 0.26999 15.05 0.27000 15.02 0.27000 15.37

Employee Benefits 3.07084 171.15 2.64148 146.93 2.50752 142.78

Debt Services 1.29595 72.23 1.84568 102.67 1.84799 105.22

CIP-Trails 0.67500 37.62 0.67500 37.55 0.67500 38.43

TOTAL 14.6180 814.71 14.6180 813.14 14.6180 832.34

Industrial/Commercial

Property Example

(Assessed Value) $100,000

X (State Limitation) 90%

Taxable Value $90,000

Example

(Taxable Value) $90,000

X (Levy Rate) $14.618/1000

Total Property Tax Revenue $1,315.62

Industrial/Commercial Property

Impact on Cities

New rollback for commercial, industrial and railroad property

o 95% in Assessment year 2013 (FY 2014-15 budget year)

o 90% in Assessment Year 2014 and beyond (FY 2015-16)

o State backfill – capped at FY 2017 per Governor’s term

ROLLBACK FIGURES

Property Class FY2018 FY 2017 FY 2016 FY 2015 FY2014

Agricultural 47.4996% 46.1068% 44.7021% 43.3997% 59.9334%

Commercial 90% 90% 90% 95% 100%

Industrial 90% 90% 90% 95% 100%

Railroad 90% 90% 90% 95% 100%

Residential 56.9391% 55.6259% 55.7335% 54.4002% 52.8166%

Multi-Residential 82.5% 86.25% NA NA NA

Industrial/Commercial Property

Impact on Cities

New multi-residential property class

o 8 year rollback schedule

o 90% in Assessment Year 2014

and beyond (FY 2015-16)

o No backfill

Assessment

Year

Rollback

Percentage

Fiscal Year

2015 86.25% 2017

2016 82.5% 2018

2017 78.75% 2019

2018 75% 2020

2019 71.25% 2021

2020 67.5% 2022

2021 63.75% 2023

2022 and

beyond

Equal to

residential

2024

Fiscal Year Previous

Law

SF 295 Backfill SF 295 +

Backfill

Difference

2017-18 $4,469,139 $4,198,121 $161,408 $4,359,529 ($109,610)

2018-19 $4,724,413 $4,401,893 $161,408 $4,563,301 ($161,112)

2019-20 $4,961,092 $4,588,417 $161,408 $4,749,825 ($211,267)

2020-21 $5,256,145 $4,821,269 $161,408 $4,982,677 ($273,468)

2021-22 $5,532,280 $5,036,986 $161,408 $5,198,394 ($333,886)

2022-23 $5,874,776 $5,303,555 $161,408 $5,464,963 ($409,813)

2023-24 $6,192,039 $5,534,524 $161,408 $5,695,932 ($496,107)

City Impact: 3% Cap on Growth

Nevada Tax Rates:

Tax Year FY 16/17 FY 15/16 FY 14/15 FY 13/14 FY 12/13

City 14.61800 14.61800 14.99653 15.32974 15.42934

School 16.81007 16.80944 16.75171 15.71000 15.61527

County 6.32209 6.87735 6.57879 6.67967 6.69879

Other 0.72334 0.67574 .65724 .69450 058800

Total 38.4735 38.98053 38.98427 38.41391 38.3314

% to City 38% 37% 38% 40% 40%

FY 16-17

FY 15/16 14.61800

FY 14/15 14.99653

FY 13/14 15.32974

FY 12/13 15.42934

FY 11/12 15.00435

FY 10/11 15.00435

FY 09/10 15.12870

FY 08/09 15.12874

FY 07/08 14.87874

FY 06/07 14.87874

FY 05/06 14.88108

FY 04/05 14.87863

FY 03/04 14.35684

FY 02/03 14.19251

FY 01/02 14.38557

FY 00/01 14.32364

FY 99/00 14.59955

Historic Tax Levy for Nevada

$0.00

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

$16.00

$18.00

FY

2009

FY

2010

FY

2011

FY

2012

FY

2013

FY

2014

FY

2015

FY

2016

FY

2017

FY

2018

NEVADA TOTAL PROPERTY TAX LEVY - BUDGETED

Department of Management

16/17 City Tax Rates

Comparable to Nevada City Population Total Tax Rate

1 Maquoketa 6,141 12.64709

2 Creston 7,834 13.69612

3 Algona 5,560 14.28859

4 Nevada 6,798 14.61800

5 Independence 5,966 15.39769

6 Hiawatha 7,024 15.41169

7 Norwalk 8,945 15.69499

8 Estherville 6,360 16.50000

9 Atlantic 7,112 16.72957

10 Centerville 5,528 17.47205

11 Perry 7,702 17.89144

12 Oelwein 6,415 18.12362

13 Denison 8,298 18.60482

Average 6,899 15.92890

Form 635.2A

CITY OF Nevada Department of Management

ADOPTED BUDGET SUMMARY

YEAR ENDED JUNE 30, 2014 Fiscal Years

TIF

SPECIAL SPECIAL DEBT CAPITAL BUDGET RE-ESTIMATED ACTUAL

GENERAL REVENUES REVENUES SERVICE PROJECTS PERMANENT PROPRIETARY 2014 2013 2012

(A) (B) (C) (D) (E) (F) (G) (H) (I) (J) (K) (L)

Revenues & Other Financing Sources

Taxes Levied on Property 1 1,692,440 509,104 564,246 123,076 2,888,866 2,737,499 2,517,554

Less: Uncollected Property Taxes-Levy Year 2 0 0 0 0 0 0 0

Net Current Property Taxes 3 1,692,440 509,104 564,246 123,076 2,888,866 2,737,499 2,517,554

Delinquent Property Taxes 4 0 0 0 0 0 0 0

TIF Revenues 5 1,100,000 1,100,000 1,233,187 1,396,120

Other City Taxes 6 42,058 794,900 7,693 2,531 847,182 851,805 911,852

Licenses & Permits 7 80,800 0 0 80,800 80,800 41,063

Use of Money and Property 8 118,025 26,645 5,000 6,000 1,000 0 54,968 211,638 190,403 246,624

Intergovernmental 9 136,900 634,018 0 0 1,850,000 0 2,620,918 2,658,216 846,276

Charges for Fees & Service 10 308,244 900 0 10,000 3,500 2,931,583 3,254,227 3,226,738 3,115,474

Special Assessments 11 0 0 0 0 0 0 0 3,572

Miscellaneous 12 105,595 19,600 0 165,000 0 145,641 435,836 423,746 337,627

Sub-Total Revenues 13 2,484,062 1,985,167 1,105,000 577,939 2,151,607 3,500 3,132,192 11,439,467 11,402,394 9,416,162

Other Financing Sources:

Total Transfers In 14 862,946 85,000 0 1,451,306 374,500 0 833,948 3,607,700 2,713,482 2,840,795

Proceeds of Debt 15 0 0 0 0 2,513,000 0 2,513,000 1,185,952 0

Proceeds of Capital Asset Sales 16 0 0 0 0 0 0 0 0 0 0

Total Revenues and Other Sources 17 3,347,008 2,070,167 1,105,000 2,029,245 5,039,107 3,500 3,966,140 17,560,167 15,301,828 12,256,957

Expenditures & Other Financing Uses

Public Safety 18 1,265,712 73,762 0 0 1,339,474 1,325,625 1,145,314

Public Works 19 0 854,852 0 0 854,852 731,465 631,575

Health and Social Services 20 0 60,000 0 0 60,000 62,915 76,205

Culture and Recreation 21 1,421,064 95,500 0 0 1,516,564 1,471,274 1,365,788

Community and Economic Development 22 108,065 46,800 161,339 0 316,204 456,489 331,075

General Government 23 423,269 15,650 0 0 438,919 373,510 305,942

Debt Service 24 0 0 762,800 2,023,245 0 2,786,045 1,601,131 1,649,493

Capital Projects 25 0 0 0 8,661,125 0 8,661,125 5,990,400 503,399

Total Government Activities Expenditures 26 3,218,110 1,146,564 924,139 2,023,245 8,661,125 0 15,973,183 12,012,809 6,008,791

Business Type Proprietray: Enterprise & ISF 27 3,249,564 3,249,564 2,717,969 2,288,316

Total Gov & Bus Type Expenditures 28 3,218,110 1,146,564 924,139 2,023,245 8,661,125 0 3,249,564 19,222,747 14,730,778 8,297,107

Total Transfers Out 29 110,500 1,288,727 815,825 0 0 0 1,392,648 3,607,700 2,713,482 2,840,795

Total ALL Expenditures/Fund Transfers Out 30 3,328,610 2,435,291 1,739,964 2,023,245 8,661,125 0 4,642,212 22,830,447 17,444,260 11,137,902

Excess Revenues & Other Sources Over 31

(Under) Expenditures/Transfers Out 32 18,398 -365,124 -634,964 6,000 -3,622,018 3,500 -676,072 -5,270,280 -2,142,432 1,119,055

Beginning Fund Balance July 1 33 2,648,106 1,682,445 847,045 215,312 -1,775,159 127,363 4,861,356 8,606,468 10,748,900 9,629,845

Ending Fund Balance June 30 34 2,666,504 1,317,321 212,081 221,312 -5,397,177 130,863 4,185,284 3,336,188 8,606,468 10,748,900

Form 631.1 Department of Management

NOTICE OF PUBLIC HEARING

BUDGET ESTIMATE

FISCAL YEAR BEGINNING JULY 1, 2013 - ENDING JUNE 30, 2014

City of Nevada , Iowa

The City Council will conduct a public hearing on the proposed Budget at Nevada City Hall - Council Chambers

on 03/11/13 at 6:00 p.m. .

(Date) xx/xx/xx (hour)

The Budget Estimate Summary of proposed receipts and expenditures is shown below.

Copies of the the detailed proposed Budget may be obtained or viewed at the offices of the Mayor,

City Clerk, and at the Library.

The estimated Total tax levy rate per $1000 valuation on regular property . . . . . . . . . . $ 15.32974

The estimated tax levy rate per $1000 valuation on Agricultural land is . . . . . . . . . . . $ 3.00375

At the public hearing, any resident or taxpayer may present objections to, or arguments in favor of, any part

of the proposed budget.

515-382-5466 Kerin Wright phone number City Clerk/Finance Officer's NAME

Budget FY Re-estimated FY Actual FY

2014 2013 2012

(a) (b) (c)

Revenues & Other Financing Sources

Taxes Levied on Property 1 2,888,866 2,737,499 2,517,554

Less: Uncollected Property Taxes-Levy Year 2 0 0 0

Net Current Property Taxes 3 2,888,866 2,737,499 2,517,554

Delinquent Property Taxes 4 0 0 0

TIF Revenues 5 1,100,000 1,233,187 1,396,120

Other City Taxes 6 847,182 851,805 911,852

Licenses & Permits 7 80,800 80,800 41,063

Use of Money and Property 8 211,638 190,403 246,624

Charges for Fees & Service 10 3,254,227 3,226,738 3,115,474

Special Assessments 11 0 0 3,572

Miscellaneous 12 435,836 423,746 337,627

Other Financing Sources 13 6,120,700 3,899,434 2,840,795

Total Revenues and Other Sources 14 17,560,167 15,301,828 12,256,957

Expenditures & Other Financing Uses

Public Safety 15 1,339,474 1,325,625 1,145,314

Public Works 16 854,852 731,465 631,575

Health and Social Services 17 60,000 62,915 76,205

Culture and Recreation 18 1,516,564 1,471,274 1,365,788

Community and Economic Development 19 316,204 456,489 331,075

General Government 20 438,919 373,510 305,942

Debt Service 21 2,786,045 1,601,131 1,649,493

Capital Projects 22 8,661,125 5,990,400 503,399

Total Government Activities Expenditures 23 15,973,183 12,012,809 6,008,791

Business Type / Enterprises 24 3,249,564 2,717,969 2,288,316

Total ALL Expenditures 25 19,222,747 14,730,778 8,297,107

Transfers Out 26 3,607,700 2,713,482 2,840,795

Total ALL Expenditures/Transfers Out 27 22,830,447 17,444,260 11,137,902

Excess Revenues & Other Sources Over

(Under) Expenditures/Transfers Out 28 -5,270,280 -2,142,432 1,119,055

Beginning Fund Balance July 1 29 8,606,468 10,748,900 9,629,845

Ending Fund Balance June 30 30 3,336,188 8,606,468 10,748,900

General Fund

•Police

•Fire

•Library

•Parks/Rec/GH

•Cemetery

•Administration

Non-Activity Revenue Sources

General-Hotel/Motel

Employee/Emergency Levy

Local Option Tax

Tax Increment Financing

Road Use Tax

Debt Service

Capital Project Levy

Grants/Reimbursements

Use of Money (Interest, Rent, Misc)

TOTAL

16/17

1,771,664

550,532

875,000

3,083,486

770,000

512,000

127,650

338,296

151,540

$8,180,168

17/18

1,833,633

530,649

910,000

3,103,512

850,000

525,300

128,960

316,855

138,260

$8,337,169

Back Left to Right: Detective Chris Brandes, Kelli Springer, Sergeant Tracy Schmidt,

Director of Fire and EMS Ray Reynolds, Josh Cizmadia, PSD Ric Martinez and

Sergeant Matt Snyder, Andrew Henderson and Ryan Hutton

Front Left to Right: Holly Bowman, Community Service Officer Kali Warner,

PSD Clerk Cathy Jager and Christine Rosen Pu

blic

Safe

ty D

ep

art

men

t

Police Revenues

General

Police Forfeiture

Capital Revolving

TOTAL

16/17

50,000

100

400

$50,500

17/18

55,650

100

400

$56,150

16/17 17/18 Change

Personnel Services 870,593 899,018 3.26%

Equipment, Repairs, Utilities, 39,300 29,300 -25.45%

Contractual 81,697 85,350 4.47%

Commodities 19,350 21,350 10.33%

Capital 121,000 157,500 30.17%

TOTAL $1,131,940 $1,131,940 5.35%

Police Expenses

Fire/EMS- Revenue Sources

General

Fire Trust

Capital Revolving

TOTAL

16/17

63,000

700

51,000

$114,700

17/18

63,000

300

55,000

$118,300

FIRE/EMS Expenses

16/17 17/18 Change

Personnel Services 127,666 138,466 8.04%

Supplies, Equipment, Repairs,

Utilities, Contractual Services

66,695 50,855 -23.75%

Capital 257,847 152,200 -40.97%

TOTAL $452,208 $341,521 -24.47%

Fireworks

Historic Preservation

Community & Human Services

Economic Development

Community Services

Community Services –

Revenues & Expenses

REVENUE

Senior Trust

4th of July

TOTAL

16/17

100

2,050

$2,150

17/18

70

120

$190

EXPENSES

Contractual and Services

TIF Agreements

TOTAL

16/17

255,725

791,161

$1,046,886

17/18

268,513

796,860

$1,065,373

Library

Dale Nelson, Shanna Speer, Linda Wright,

and Cindy Anderson,

Beth Williams, Carol Brown and Kathy Manternach

Library – Revenue Sources

General Fund

Library Trust

Danielson Trust

Capital Revolving

TOTAL

16/17

53,850

7,500

1,200

300

$62,850

17/18

50,950

6,800

1,200

300

$59,250

Library Expenses

16/17 17/18 Change

Personnel Services 330,893 342,129 3.38%

Repairs/Maint,

Utilities

25,250 26,800 6.13%

Contractual 17,500 18,000 2.85%

Commodities, Materials 111,000 117,900 6.21%

Capital 28,500 20,000 -30%

TOTAL $513,143 $524,829 2.28%

Top Left to Right: Mike Rasmussen, Gene Fritz, Keith Tillotson and Joe Mousel

Bottom Left to Right: Erin Mousel, Tim Hansen and Rhonda Maier

Parks and Recreation, Gates Hall,

and Cemetery

Parks – Revenues Sources

General Fund

SCORE-Undesignated

SCORE-O/M Trust

Park Open Space Trust

Trail Maintenance

Trees Forever

TOTAL

16/17

174,220

900

5

19,865

210

50

$195,250

17/18

189,820

875

5

20,865

210

25

$211,800

Parks Expenses

16/17 17/18 Change

Personnel Services 379,190 395,903 4.41%

Contractual, Supplies, &

Services

280,025 310,700 10.95%

Capital 92,000 75,000 -18.48%

TOTAL $751,215 $769,603 2.45%

Recreation – Revenue Sources

General Fund

TOTAL

16/17

140,675

$140,675

17/18

68,380

$68,380

Recreation Expenses

16/17 17/18 Change

Personnel Services 90,780 75,941 -16.35%

Supplies, Repairs, Contractual 80,490 36,550 -54.59%

Recreation Center Study 37,500 50,000 33.33%

TOTAL $208,770 $162,491 -22.17%

Gates Hall – Revenue Sources

General Fund

Gates Hall Piano Fund

TOTAL

16/17

167,235

225

$167,460

17/18

170,800

225

$171,025

Gates Hall Expenses

16/17 17/18 Change

Personnel Services 102,590 107,884 5.16%

Repairs, Maintenance, Utilities 30,750 30,700 -.17%

Contractual and supplies 16,950 17,620 3.95%

Capital 23,000 33,000 43.47%

TOTAL $173,290 $189,204 9.18%

Cemetery – Revenue Sources

General Fund

Cemetery Memorials

Columbarium Maintenance

Perpetual Care

TOTAL

16/17

36,360

35

170

5,000

$41,565

17/18

38,000

35

170

5,000

$43,205

Cemetery Expenses

16/17 17/18 Change

Personnel Services 74,305 78,497 5.64%

Repairs/Utilities 11,050 12,600 14.02%

Contractual/Supplies 9,195 10,345 12.5%

Capital 47,000 34,500 -26.6%

TOTAL $141,550 $135,942 -3.96%

Administration

Matt Mardesen, Donna Mosinski, Don Rouse, Kerin

Wright, Balinda Ellsworth, Shawn Cole, and Dan Haddock

Administrative Expenses

16/17 17/18 Change

Personnel Services 198,227 199,457 .62%

Contractual, Supplies,

Services

235,550 262,220 11.32%

Capital 20,000 163,000 715%

TOTAL 465,242 624,677 37.66%

Senior Center

REVENUE

General Fund

EXPENSES

Personnel

Maintenance & Utilities

Contractual, equipment, supplies

TOTAL

16/17

5,600

1,212

4,300

1,650

$7,162

17/18

7,070

1,272

4,900

1,600

$7,772

Brad Tendall, Dave Harrison, Mike Ackerman,

Dennis Pratt, Jamie Tendall, Dennis Mensing

Streets Department

Streets – Revenue Sources

General Fund

Road Use Tax

RUT-Capital Equipment

TOTAL

16/17

6,750

790,000

1,000

$797,750

17/18

5,000

850,000

1,000

$856,000

Streets Expenses

16/17 17/18 Change

Personnel Services 346,317 402,000 16.07%

Repairs, Maintenance, Utilities 201,500 207,800 3.12%

Contractual 80,875 95,625 18.24%

Commodities 96,500 95,000 -1.55%

Capital 259,900 173,000 -33.44%

TOTAL $985,092 $973,425 -1.18%

Water Department

Shawn Ludwig

Ty Borton and Eric McLaughlin

Water – Revenue Sources

Water Operations/Maintenance

Deposits

Water Capital Equipment

TOTAL

16/17

2,061,467

25,000

1,000

$2,087,467

17/18

2,198,362

25,000

1,000

$2,198,362

Water Expenses

16/17 17/18 Change

Personnel Services 417,269 416,188 -.26%

Repairs, Fuel, Utilities 194,700 193,500 -.62%

Supplies, Equip, Contracts 354,250 360,060 1.64%

Capital 136,686 91,686 -32.93%

Debt 796,567 790,252 -.79%

TOTAL $1,899,472 $1,851,686 -7.18%

Harold See, Mike Neal, Nathan Bickel

Wastewater

Wastewater – Revenue Sources

Wastewater Operations/Maintenance

Sewer Capital Revolving

Sewer Construction

TOTAL

16/17

1,182,100

500

59,000

$1,241,600

17/18

1,233,984

500

65,000

$1,299,484

Wastewater Expenses

16/17 17/18 Change

Personnel Services 419,001 393,765 -6.03 %

Repairs, Fuel, Utilities 217,900 223,300 2.47%

Supplies, Minor Equip,

Contracts

175,725 183,750 4.57%

Debt 342,490 343,300 .24%

Capital 62,700 69,700 11.16%

TOTAL $1,217,815 $1,213,815 -.33%

Garbage & Storm Sewer

Garbage & Storm Sewer –

Revenue Sources

Garbage

Storm Sewer

16/17

72,994

$158,025

17/18

72,994

$158,025

Garbage & Storm Sewer Expenses

16/17 17/18 Change

Garbage 70,609 70,609 NC

Storm Sewer $47,400 $49,000 3.37%

Project - Expenses

Sidewalks

2017 Streets Project

Railroad Project

2015 Streets Project

Totals

16/17

20,000

600,000

0

250,000

$870,000

17/18

30,000

5,900,000

25,000

0

$5,955,000

Debt - Expenses

DuPont Debt Portion (2013 Bond)

Airport Rd, Plat 6 (2013 Bond)

City Hall/Library (2012B Bond)

Streets Vehicle Acquisition (2014 Bond)

Water Revenue (2012C Bond)

2017 Street/Utility Improve (2016 Bond)

Total

16/17

403,800

247,000

788,413

164,900

581,702

1,461,783

$3,647,598

17/18

422,500

248,400

789,613

161,800

576,953

2,112,200

$4,311,466

Questions or Comments?

Thank you