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City of [City Name] 2011 Budget Overview and Highlights

The 2011 City Budget presents an increase of approximately $2,193,572 in total property taxes, with significant funding designated for the Bond & Interest Fund. Despite no increase in sales tax projections, the budget adds two rental inspectors and an office assistant for the new Discovery Center, aimed at being revenue neutral. Other expenditures in the General Fund remain stable, while there are proposed rate increases for water, wastewater, and stormwater utilities. The overall budget reflects a comprehensive plan for community growth and sustainability.

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City of [City Name] 2011 Budget Overview and Highlights

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  1. Public Hearing 2011 City Budget

  2. 2011 Budget Highlights • An increase of about $2,193,572 in total property taxes. ($1,494,382 for the Bond & Interest Fund) • No increase in sales tax projections for 2011. • The addition of two rental inspectors as well as an office assistant and educator for the new Discovery Center that are intended to be revenue neutral. • With the above exceptions, all other spending in the General Fund remains flat. • Rate increases for the water, wastewater, and stormwater utilities in 2011. 2 2011 City Budget

  3. Proposed 2011 City Budget 3 2011 City Budget

  4. 2011 Budget Snapshots [.6%] [30.9%] [4.0%] [.8%] [23.5%] (continued) 4 2011 City Budget

  5. 2011 Budget Snapshots [-29.8%] [-11.5%] [-23.7%] 5 2011 City Budget

  6. $ 99,158,450 $ 105,045,538 2011 Budget Overview 2011 Proposed City Budget 2010 City Budget All Other Funds Bond & Interest Fund Bond & Interest Fund All Other Funds General Fund General Fund 6 2011 City Budget

  7. Budget Increase $ 4,170,615 increase in Bond & Interest Fund $ 5,887,088 increase $ 418,779 increase in Special Revenue Funds $ 1,166,595 increase in all Enterprise Funds 2011 Budget Overview 2011 Proposed City Budget $ 131,099 increase in General Fund 7 2011 City Budget

  8. CIP – Budget Impact 8 2011 City Budget

  9. Property Tax Levies 9 2011 City Budget

  10. Homeowner Impact (approximate home value $232,500) * Includes delinquency 10 2011 City Budget

  11. Second Reading of 2011 Budget Ordinances on August 24th Questions? 2011 City Budget

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