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10/14/2016 2017 City of Middleton Budget General Fund Budget Summary GF Base Budget Revenues $ 19,791,037 $ 19,791,037 $ 19,791,037 $ 19,791,037 GF Revenue Changes ‐ 116,812 88,648 88,648 Proposed ERP‐Related Adjustments ‐ 708,768 736,932 736,932 GF Revenue Total 19,791,037 20,616,617 20,616,617 20,616,617 GF Base Expenditures 18,805,382 18,805,382 18,805,382 18,805,382 GF Non‐Personnel Decision Items ‐ 635,637 627,637 627,637 GF Personnel Decision Items ‐ 150,596 130,213 190,213 General Contingency 250,000 200,000 200,000 140,000 Personnel Contigency (COLA) 116,201 116,234 116,453 116,453 Proposed ERP‐Related Adjustments ‐ 708,768 736,932 736,932 GF Expenditure Total 19,171,583 20,616,617 20,616,617 20,616,617 "Other" Fund Balance Applied to GF ‐ ‐ ‐ ‐ Other Funding Source ‐ ‐ ‐ ‐ Net Suplus (Deficit) 619,454 ‐ ‐ ‐ Expenditure Restraint Program** City ERP Budget 19,116,333 20,616,617 20,616,617 20,616,617 Projected ERP Limit 20,616,617 20,616,617 20,616,617 20,616,617 Amount Over (Under) Limit (1,500,284) ‐ ‐ ‐ Levy Limit Program* General Fund Levy 12,079,704 12,079,704 12,154,704 12,154,704 Debt Service Levy 4,512,499 4,512,499 4,437,499 4,437,499 Allowable Property Tax Levy 16,592,203 16,592,203 16,592,203 16,592,203 Amount Over (Under) Limit ‐ ‐ ‐ ‐ Property Tax Levy Property Tax Levy (non‐TIF) 16,592,203 16,592,203 16,592,203 16,592,203 Change in Property Tax Levy (non‐TIF) 206,069 206,069 206,069 206,069 Percent Change 1.3% 1.3% 1.3% 1.3% Estimated City Mill Rate Impact Est. City Assessed Mill Rate 6.3736 6.3736 6.3736 6.3736 Est. City Assessed Mill Rate Change (0.2219) (0.2219) (0.2219) (0.2219) Est. Percent Change ‐3.3% ‐3.3% ‐3.3% ‐3.3% NOTES: * Each scenario assumes that the City maxmizes its property tax levy under the levy limit program. The Cit Mill Rate is calculated using estimated assessed value. The final assessed value will not be available until late Octo Final Expenditure Restrain Program limits are estiamted. The final limit will be available November 1. Finance Committee Recommended Additional Scenario: 10‐13‐16 Base Budget Additional Scenario: 10‐5‐2016 2017 Budget Scenario Summary & General Fund and Tax Levy Impact