Work Session Four

2011 City Budget ~ Manhattan ~ Kansas

Proposed 2011 City Budget

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2010 2011 ProposedChange

General Fund $ 23,122,213

$ 23,253,312

$ 131,099

Special Revenue Funds

41,542,422 41,961,201 418,779

Bond & Interest Fund *

13,484,910 17,655,525 4,170,615

Enterprise Funds 21,008,905 22,175,500 1,166,595

Totals: $ 99,158,450

$ 105,045,53

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$ 5,887,088

2011 City Budget

* Increase is due mostly to moral obligation pledge on STAR/TIF bonds

Proposed 2011 Mill levy

3rd Work Session

4th Work Session

Change3rd to 4th

Outside Agencies 32.822 31.941 (0.881)

City Services 10.261 9.895 (0.366)

Totals: 43.083 41.836 (1.247)

32011 City Budget

Proposed 2011 Mill levy (continued)

2010 2011 Proposed Change

Outside Agencies 31.272 31.941 0.669

City Services 6.017 9.895 3.878

Totals: 37.289 41.836 4.547

42011 City Budget

Bond & Interest Property Tax Distribution5.486 Mills

52011 City Budget

$-

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

$14,000,000

$16,000,000

Bond & Interest Fund - Expenditure Breakdown

City Special Assessments

Downtown Redevel-opment

Capital Improvement Program

Capital Projects

Special Assessments

Total Revenues

2009 Cash Car-ryover: $3,126,982

2010 Cash Car-ryover: $2,995,081

2011 Budgeted Cash Carryover: $1,469,0222008 Cash Car-

ryover: $3,462,660

$-

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

$14,000,000

$16,000,000

Bond & Interest Fund- Revenue Breakdown

Property Taxes

Special Assessment

Sales Tax Transfers

Transfers from Other Funds

Beginning Cash Balance & Other Revenues

Total Expenditures

2008 Cash Carryover: $3,462,660

2009 Cash Carryover: $3,126,982

2010 Cash Carryover: $2,995,081

2011 Budgeted Cash Carryover: $1,469,022

Property Tax Impact ($232,500 Home)

City Services2010 Mill Levy of

37.289

2011 Mill Levy

of

41.836

Proposed

Change

General Fund $ 72 $ 72 $ 0Bond & Interest 55 147 92

Employee Benefit Fund 19 38 19Fire Equipment Reserve 3 3 0

KP&F 9 5 (4)

Outside AgenciesRCPD 675 702 27

Library 112 111 (1)Library EBF 25 24 (1)

Riley County Health 14 16 2

Totals: $ 984 $ 1,119 $ 135

82011 City Budget

Local Homeowner Perspective (ten-year period)

9

2001 2010

Total Property Taxes $ 1,953.14 $ 2,752.47 $ 799.43City of Manhattan Taxes 667.11 870.51 $ 203.41

Breakdown of City TaxesRCPD Taxes 341.28 596.74 $ 255.46Library Taxes 86.90 120.90 $ 34.00Health Department Taxes 10.32 12.40 $ 2.08

Taxes for City Services and Debt Retirement $ 228.60 140.47 ($88.13)

Residential ValueMarket Appraisal 131,400 203,000 54.5%Taxable Value 15,111 23,345

Utility Bill (shown for June)

Units of Water Consumption 21 10 (11)

Water $ 39.34 $ 26.75 ($12.59)Sewer 11.40 27.26 $ 15.86Stormwater 1.10 3.75 $ 2.65

Total Utility Bill $ 51.84 $ 57.76 $5.922011 City Budget

Remaining Decision Points

1.Permanent financing mechanism for the $1.424 million Lowery settlement.

2. Funding source for Downtown Manhattan, Inc.

3. Allocation of transient guest tax revenue for support of Discovery Center operations.

4. Funding of additional requests from Flint Hills Area Transportation for 2010 ($4,995) and 2011 ($6,132).

5. Increase in overall Utility Funds revenue.10

2011 City Budget

August 3rd -- Public Hearingon the 2011 City Budget

Reminder…

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