2014 City Budget and Outside Agency Requests

Fourth City Budget Work Session

2014 Proposed City Budget 2013 Budget 2014 Proposed Budget

$ 121,804,142 $ 130,866,107

Increase of $9 million primarily due to:

(1) $1.25 million increase in the General Fund

(2) $1.74 million increase in the Economic Development Fund due to renewal of the Riley County sales tax

(3) $1.71 million increase in Bond & Interest restricted reserves

(4) $1.33 million increase in 2014 principal and interest payments

(5) $1.70 million increase in Water Fund reserves

2014 Proposed City Budget

Fund 2013 Budget 2014 Proposed Budget

General Fund $ 25,993,571 $ 27,249,785

Special Revenue Funds $ 40,809,665 $ 43,217,256

Bond & Interest Fund $ 24,495,886 $ 27,651,662

Enterprise Funds $ 30,505,020 $ 32,747,404

Totals $ 121,804,142 $ 130,866,107

Mill Levy Summary

Property Taxes Levied

Mill Levy

2013 20,110,957 43.439

1st Work Session 21,911,827 46.164

2nd Work Session 21,911,827 46.164

3rd Work Session 21,993,827 46.334

4th Work Session 21,192,618 43.699

Increase over 2013 1,081,661 .260

2014

Budget Reduction List

Employee Benefit Fund Reduction (53,000) (0.11)

Community House Historic Resource Feasibility Study

Reduction of Budget (65,000) (0.13)

Manhattan Urban Area Comprehensive Plan

Move to Economic Development Fund (64,000) (0.13)

Downtown Design Guidelines Defer to 2015 CIP (4,800) (0.01)

Update Zoning and Subdivision Regulations Defer to 2015 CIP (3,150) (0.01)

Flint Hills MPO Move to General Improvement Fund (118,655) (0.24)

Health Care Increase Budget Absorption (93,428) (0.19)

Tech Park Move to Economic Development Fund (100,000) (0.21)

Downtown Manhattan Inc.

Move to Economic Development Fund (45,000) (0.10)

Manhattan Arts Center Move to Economic Development Fund (43,700) (0.09)

RCPD Delinquency Budget Absorption (263,476) (0.55)

Budget Reduction List(continued)

2013 2014 Increase(decrease)

Increase in Valuation 3.5% 2.5%

Home Value $ 207,000 $ 212,000 $5,000

Taxable Value $ 23,805 $ 24,400 $ 595

Total City General Fund Tax Bill $ 56 $ 89 $ 33

Total Bond & Interest Tax Bill $ 129 $ 97 $ (32)

Total Tax Bill of Other City Levies $ 42 $ 91 $ 49

Total RCPD Tax Bill $ 682 $ 662 $ (20)

Total Library Tax Bill $ 125 $ 126 $ 1

Annual Increase $ 1,034 $ 1,065 $ 31

Monthly Increase $ 2.58

Impact on Average Residence

2013 2014 Increase(decrease)

Increase in Valuation 3.5% 2.5%

Business Value $ 226,853 $ 232,670 $ 5,817

Taxable Value $ 56,713 $ 58,168 $ 1,455

Total City General Fund Tax Bill $ 135 $ 213 $ 78

Total Bond & Interest Tax Bill $ 307 $ 231 $ (76)

Total Tax Bill of Other City Levies $ 99 $ 216 $ 123

Total RCPD Tax Bill $ 1,625 $ 1,580 $ (45)

Total Library Tax Bill $ 297 $ 301 $ 4

Annual Increase $ 2,463 $ 2,541 $ 78

Monthly Increase $ 6.50

Impact on Small Business

2014 Proposed Utility Rates

ResidentialRate

Increase Current Proposed Increase

Water Fund 0% $ 20.43 $ 20.43 -------

Wastewater Fund 3% $ 33.05 $ 34.01 $ .96

Stormwater Fund 2% $ 4.29 $ 4.38 $ .09

2014 Proposed Utility Rates

CommercialRate

Increase Current ProposedMonthly Increase

Water Fund 4% $ 115.97 $ 120.58 $ 4.61

Wastewater Fund 3% $ 155.17 $ 159.57 $ 4.40

Stormwater Fund

to 20,000 ft2 2% $ 6.97 $ 7.11 $ 0.14

From 20,001 to 100,000 ft2 2% $ 33.54 $ 34.21 $ 0.67

From 100,001 to 200,000 ft2 2% $ 67.05 $ 68.39 $ 1.34

…and continues…

Are there any other budget –related issues that you would like City Administration to research before the Public Hearing on the 2014 City

Budget and Capital Improvement Program on August 6th?

Questions?