03/07/2012 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 03-07-2012 Safety Director's Office -16.82%, Police Department +9.86%, Corrections +17.98% (with Materials and supplies as well as Contractual Services were up a combined 121%)Central Dispatch +5.45%Fire +13.30% Division of Public Service +10.10 Public Works +23.48% (new hires) Division of Fleet +21.22% (Materials and Supplies up 57%) and City Council -2.73% Finance Director Copfer her Department was +6.56% then gave us a breakdown on the Revenue assumptions and Debt: Revenues: All projected revenues are down from last year except Municipal Income Tax which is projected to be up +0.18% the other sources range from -2.29% to -44.07% to show a total of revenue down -9.40% . Property tax collection estimates are set by the county. They are projected to decline 2.3% from last year's actual, but only slightly less than what they had projected last year. They only project with the current tax year versus including delinquent collections in any projection. Municipal income tax collections were well behind up to the fourth quarter last year and came back from behind 2010's collections to 1.15% over plan. This was promising for 2012 as it was in withholding at 2% over 2010 and net profit finishing strong at only 11.7% below last year. Based on that I projected net profit and individual at last year's actual and withholding with a 1 % increase. This is offset by a taxpayer who we know is leaving the community in July, which brings it to .2% increase or basically flat. Most fees license and permits, charges for services and fine revenue streams I reviewed historical trends and took into account the economy. One area where I used the 4 year average was in building and development related revenue streams. Ms. Wenger and I felt that some of the explosion of permits in 2011 was from a back log of projects that were stalled over 2008-2010 so we did not feel comfortable projecting it to continue at that volume. Using a 4 year average blended it out over when it would have happened if the economy hadn't gone into a recession. Intergovernmental revenues include the local government funding cut, estate taxes at what the first half collections were in the middle of February, and the loss of the CAT tax and other shared taxes the state cut out completely this year. Note estate taxes were at the highest I have ever seen them last year at $1,072,000 so it adds to making it look like a big decrease. The debt as Ms. Copfer explained at the last Council meeting is about $35,664,419.00 Overall our expenses for this year have increased about 11.62% with a projected balance at the end of the year of $16,244.00 in the General Fund. This meeting adjourned at 12:30 PM. 4