HomeMy WebLinkAbout2020-11-12 Long-Range Financial Management Plan
2020
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Plan
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November 12,
Range Financial Management
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Review Tax Change for BudgetReview Tax Rate ComparisonReview Assumptions & OmissionsReview Debt TrendReview Total CashReview Total Levy TrendAsk Questions
1.2.3.4.5.6.7.
6.12%4.54%6.21%2.01%3.88%3.70%4.19%0.15%
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17.29%
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Change
50.9070%
2,644
2021
378,189
Estimated
4,694,443 2,364,916 2,389,800
(353,304.90)$ 273,000 $ 1,346 $ 2
52.9600%
2,538
2020
Payable
457,263
(376,687)
4,423,591 2,262,145 2,342,721
$ 263,250 $ 1,344
Tax Change on Median Property
(B) Net Levy
City of CentervilleEstimated Tax Impact(A) Net Tax CapacityGeneral Tax LevyDebt Tax LevyArea Wide ContributionTax Capacity Rate (B/A)Median Home ValueNet Tax CapacityEstimated City TaxesEstimated
$ Increase (Decrease)
2020
East Bethel*
ColumbusSpring Lake Park
2019
Select City Tax Rates
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Circle PinesSt. Francis
BethelLexington
Anoka County
2018
CentervilleHam Lake
70.00%65.00%60.00%55.00%50.00%45.00%40.00%35.00%30.00%25.00%20.00%
Audited
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Numbers for 2019 are actual from Annual Financial Report Budget for General Fund is based on adopted Preliminary BudgetBasically 3% inflation assumptions1% Interest earnings on prior
year end fund balanceEDA, Cable Debt, Trail Construction, Garbage, Recycling, and Cable Funds are ignored since they don’t have standard operations
Significant Assumptions•••••
2028
2027
2026
2025
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2024
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Adjusted Tax Levy
2023
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2022
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2021
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Levies using Cash Balances
2020
2019
Bonded Tax Levy
Projected
2018
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800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000
603602601452409402352351349348309101
2029
2028
2027
2026
2025
2024
Total Cash
2023
2022
2021
2020
2019
0
8,000,0006,000,0004,000,0002,000,000
-2,000,000
12,000,00010,000,000
Review Individual Funds
Based on City Council Interest
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