Stutsman County 2018 Budget Presentation Budget Challenges State - PowerPoint PPT Presentation

Stutsman County 2018 Budget Presentation

Budget Challenges  State Funding of Social Services  Maintaining services with decreased access to funding  Continued loss of oil impact money and decreased highway aid for maintaining road capital projects and assets  Maintaining funding for Parks capital projects  Employee and Fringe Benefit Costs  Step increase of 2% and health insurance increase of 2.1% with County maintained cost share  Increase in election workers and election costs due to new voter ID laws

Revenues  Total 2017 budgeted revenues $21,802,428  Total 2018 budgeted revenues $21,543,126  Total decrease for 2018 $259,302  Significant revenue decreases include:  $139,360 in state aid distribution and $23,600 in federal PILT payment  $115,371 transfer from highway aid and continued loss of state grants for road funding  $63,000 in park rental income  $30,000 in COPS grant  $25,325 in social service revenue  Significant revenue increases include:  $100,000 in wind generation tax

Breakdown of Revenues Reimbursements Fees 9% 4% Grants 2% Reimbursements Taxes 3% Fees Shared Revenue 33% Grants Taxes Property Tax Miscellaneous Property Tax Transfers 35% PILT PILT Transfers 0% 13% Shared Revenue Miscellaneous 1%

Expenditures  Total 2017 budgeted expenditures $22,628,948  Total 2018 budgeted expenditures $21,393,683  Total decrease for 2018 $1,235,265  Significant expenditure decreases include:  $407,167 in road construction  $231,714 in social service expenses due to state funding transition  $403,575 in capital purchases for LEC and courthouse maintenance  $65,000 in election costs and $45,600 in park capital purchases  Significant expenditure increases include:  $133,460 in total salary and benefit costs based on 2% step increase and 2.1% health insurance premium increase

Breakdown of Expenditures Transfers Cost Share 14% Payroll 7% Operating Expenses Travel / Training / Dues Miscellaneous 4% Capital Projects Maintenance and Repairs Utilities Payroll 2% Service Contracts 50% Utilities Service Contracts 4% Miscellaneous Capital Projects Maintenance and Repairs 7% 2% Cost Share Transfers Operating Expenses 9% Travel / Training / Dues 1%

Budgetary Imbalance  Total Revenues $21,543,126  Total Expenditures $21,393,683  Net addition $149,443  Emergency Fund has a $277,983 addition to increase fund balance to pre 2009/2011 flood levels  A few funds have small additions to their fund balances  E-911 Fund has a $221,150 deficit due to anticipated capital purchase and utilization of fund balance

2018 Ending Balance Projections **Note: Social Services fund balance is mandated to be reduced to $500,000 on January 1, 2018. All excess fund balance shall transfer to the County general fund.

2018 Ending Balance Projections

2017 Mill Levy Note: Mill levies subject to change once assessment values are finalized by the State Board of Equalization. Hearing scheduled for October 5, 2017.

2011 – 2017 Mill Levy Comparison Mill Levy Comparison 140.00 120.00 100.00 80.00 Mill Levy 60.00 40.00 20.00 - 2011 2012 2013 2014 2015 2016 2017 2011 2012 2013 2014 2015 2016 2017 Mill Levy 115.38 113.19 113.19 107.97 98.18 96.10 74.42 Effective Tax Rate 0.57% 0.56% 0.56% 0.54% 0.49% 0.48% 0.37%

County Property Tax Levy Distribution $4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 2015 $1,500,000 2016 $1,000,000 2017 $500,000 $-

How Property Tax is Calculated  True and Full Value is calculated by a property appraiser during an appraisal of the property  True and Full Value x 50% = Assessed Value  Assessed Value x 9% = Taxable Value for residential property  Assessed Value x 10% = Taxable Value for commercial property and agricultural land  Taxable Value x Mill Rate = Tax Due for a property

Examples  $100,000 residence in Stutsman County  $100,000 True and Full Value x 50% = $50,000 Assessed Value  $50,000 Assessed Value x 9% = $4,500 Taxable Value  $4,500 Taxable Value x 0.07434 (2017 Mill Levy) = $334.53 Tax Due  $100,000 commercial property or agricultural land parcel  $100,000 True and Full Value x 50% = $50,000 Assessed Value  $50,000 Assessed Value x 10% = $5,000 Taxable Value  $5,000 Taxable Value x 0.07434 (2017 Mill Levy) = $371.70 Tax Due

Tax Implication of 2016 Mill Rate vs 2017 Mill Rate