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
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
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
Reimbursements 9% Fees 4% Grants 2% Taxes 3% Property Tax 35% Miscellaneous 1% Transfers 13% PILT 0% Shared Revenue 33%
Reimbursements Fees Grants Taxes Property Tax Miscellaneous Transfers PILT Shared Revenue
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
Payroll 50% Operating Expenses 9% Travel / Training / Dues 1% Capital Projects 7% Maintenance and Repairs 2% Service Contracts 4% Utilities 2% Miscellaneous 4% Cost Share 7% Transfers 14%
Payroll Operating Expenses Travel / Training / Dues Capital Projects Maintenance and Repairs Service Contracts Utilities Miscellaneous Cost Share Transfers
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
**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.
Note: Mill levies subject to change once assessment values are finalized by the State Board of Equalization. Hearing scheduled for October 5, 2017.
40.00 60.00 80.00 100.00 120.00 140.00 2011 2012 2013 2014 2015 2016 2017
Mill Levy Comparison
Mill Levy
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%
$- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 2015 2016 2017
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
$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