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FY 2010 – Budget Overview
FY 2010 Budget:
$226,523,476
Overlay:
$ 3,000,000
State Assessments:
$ 3,043,118
Total FY 2010 Expenditures:
$232,567,436
Levy (Amount raised by taxes):
$ 169,156,076
New Growth (Est.): $
2,170,000
Local Receipts (Est.): $
19,923,855
State Local Aid:
$ 34,749,705
MSBA:
$ 1,214,462
Water/Sewer Enterprise: $
3,605,165
Quarry Hills: $
104,409
Teacher Pay Deferral: $
100,000
Hotel/Motel Tax: $
783,744
Total FY 2010 Receipts:
$232,566,594
FY 2010 Levy Information
FY 2010 Levy Limit:
$175,509,411
FY 2010 Projected Levy:
$169,156,076
Excess Levy Capacity:
$ 6,353,335
Levy Information – Historical
|
Year |
Levy
Limit |
Levy |
Excess Capacity |
|
2000 |
$ 99,933,934 |
$ 99,816,515 |
$ 117,419 |
|
2001 |
$ 106,687,005 |
$106,651,925
|
$ 35,080 |
|
2002 |
$ 115,728,074 |
$115,667,307
|
$ 60,767 |
|
2003 |
$ 124,691,394 |
$124,607,482
|
$ 83,912 |
|
2004 |
$ 131,414,150 |
$131,333,568
|
$ 80,582 |
|
2005 |
$ 138,242,713 |
$134,526,765
|
$ 3,715,948 |
|
2006 |
$ 145,702,167 |
$139,352,053
|
$ 6,350,114 |
|
2007 |
$ 155,055,727 |
$146,359,623
|
$ 8,696,104 |
|
2008 |
$ 163,431,103 |
$149,071,605
|
$ 14,359,498 |
|
2009 |
$ 171,228,694 |
$169,156,076
|
$ 2,072,618 |
|
2010 |
$
175,509,411 |
$169,156,070 (Projected) |
$
6,353,335 (Projected) |
Free Cash Balances - Historical
|
Year |
Free Cash Balance |
Transfers from Free Cash |
Purpose of Transfer |
|
7/1/2000 |
2,666,577 |
|
|
|
7/1/2001 |
(1,550,531) |
|
|
|
7/1/2002 |
(4,716,942) |
|
|
|
7/1/2003 |
(365,139) |
|
|
|
7/1/2004 |
6,402,569 |
|
|
|
7/1/2005 |
11,423,977 |
|
|
|
7/1/2006 |
5,694,245 |
|
|
|
7/1/2007 |
3,959,337 |
|
Certified by Dept. of Revenue |
|
|
|
($1,422,199) |
Transfer to Pay Unfunded Contract Obligation |
|
|
|
($1,389,275) |
Transfer to Pay Unfunded Honeywell Obligation and other unpaid bills |
|
|
|
($ 469,900) |
Transfer to cover deficits in FY 2008 Budget |
|
|
|
|
|
|
7/1/2008 |
2,217,989 |
|
Certified by Dept. of Revenue |
|
|
|
|
Transfer for Veteran's Benefits |
|
|
|
|
Transfer at Fiscal Year End to balance books |
|
6/30/2009 |
1,917,757 |
|
|
Stabilization Account Balances - Historical
|
Year |
Stabilization
Account Balance |
Transfers |
Purpose
of Transfer |
|
1999 |
5,375,517 |
|
|
|
2000 |
4,023,517 |
|
|
|
2001 |
5,079,666 |
|
|
|
2002 |
2,133,016 |
|
|
|
2003 |
2,238,252 |
|
|
|
2004 |
2,067,718 |
|
|
|
2005 |
5,359,795 |
|
|
|
2006 |
10,109,795 |
|
|
|
2007 |
12,834,395 |
|
|
|
|
($2,000,000) |
To Reduce FY 2008 Tax Levy |
|
|
($1,708,197) |
To correct error in FY Debt Service budget |
|
|
($1,100,000) |
To cover Snow & Ice Deficit |
|
|
($95,350) |
|
|
2008 |
7,930,848 |
|
|
|
|
$500,000 |
Transfer in to Stabilization |
|
|
($3,031,672) |
Transfer to Water & Sewer Enterprise Accounts to
cover deficits in each |
|
2009 |
$ 5,399,176 |
|
|
Average Single Family Tax Bills - Historical
| |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
| Avg. Single Family
Tax Bill |
$2,456 |
$2,978 |
$3,089 |
$3,639 |
$3,637 |
$3,638 |
$3,780 |
$3,846 |
$4,375 |
| Annual $$ Increase |
$70 |
$522 |
$111 |
$550 |
($2) |
$46 |
$97 |
$66 |
$529 |
| Annual % Increase |
2.9% |
21.3% |
3.7% |
17.8% |
-0.1% |
1.3% |
2.6% |
1.7% |
13.8% |
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