County Budget Overview for FY 2019-2020
FY 2019-2020
BUDGET NOTICE
INCREASE IN BUDGET
# 18-Inc of wages, health insurance & EMA
contribution
# 20-Inc. in reimbursement to Butler Co. for CSS Fund
# 21-Inc. in conservation department due to Riverside
Park Improvements
# 22-Inc. in Secondary Roads Department
# 23-Purchase of E Pollbooks for elections & other
computer equipment
GENERAL FUNDS
General Basic is at the levy limit of 3.50/thousand
of taxable value. This levy is the same as last year.
General Supplemental has no levy limit and is at
1.55100 for the new budget. This levy has an
increase of .02782.
SPECIAL REVENUE FUNDS
Special Revenue funds account for proceeds which are
usually required by law or regulation to be accounted
for in a separate fund and to be expended for specific
purposes. Here is a list of what funds are considered
special revenue:
Mental health REAP Rural Basic TIF
Sheriff R & B Co. Disposal Closure LOSST MCHHC
Improve Secondary Roads Sheriff Asset Forfeiture
Drug Enforcement Recorder Record Management
Conservation Land Acquisition & HSA Fund
CAPITAL PROJECTS AND DEBT
SERVICE
Capital Projects fund is used in the acquisition or
construction of major capital facilities and assets.
300,000 will go to remodel of County Services Building
and Maintenance Garage.
660,000 will be used by the Secondary Roads
Department for Roadway Construction.
Debt Service: Debt Service fund is not going to be
used this budget year.
RURAL BASIC FUND
Rural Basic Fund is the operating fund for county
services benefiting property not within incorporated
areas of the county. The levy limit is 3.95/thousand of
taxable value. Currently we have 5 sheriff deputies in
the Rural Basic fund as well as Co. Disposal. This fund
also gives property tax dollars to the Secondary Roads
fund.
The levy is the same as last year at the max rate of 3.95.
SECONDARY ROADS FUND
Secondary Roads fund is used for the maintenance and repair of
secondary roads, construction and maintenance of county
bridges.
Revenues from federal, state & county.
Road Use Tax-Farm to Market-State. Transfers from General
Basic and Rural Basic Funds are from property taxes.
Transfers from General Basic are not to exceed the equivalent of
a tax of 16 7/8/thousand of taxable value. This budget transfer
will be: 133,262
Transfer from Rural Basic are not to exceed the equivalent of a
tax of 3.375/thousand of taxable value. This budget transfer will
be: 1,249,613
COUNTY SOCIAL SERVICES FUND
The County Social Services fund or MH-DD fund
which it was called previously is funded by taxes based
on a levy determined by multiplying $ 35.18 by the
most recently available population. For this budget
the levy will be .54693 an decrease of .02782.
Mitchell County is part of a 22 county social services
region. Service coordination services is also included
in this fund.
2018 VALUATIONS
Valuations are set by the county assessor and the Dept. of
Revenue.
Valuation is the tax base to which the rate is applied and
over which the levy is spread.
Valuation X Rate (amount of tax per $1,000 of taxable
value) = Taxes Levied-Dollars generated by the Tax
Rates are set by local governments to generate the desired
levy.
The 2018 Valuation is 683,812,625 with Gas & Electric and
671,170,969 without Gas & Electric. This is an increase of
23,888,767 from the 2017 Valuation.
Rollbacks
Rollback is applied to all classes of property: Ag-56.1324%
Residential-56.9180%, Industrial and Commercial-90%.
Railroads have a rollback also of 90%.
A new class is Multi-Res.- 3 or more dwelling units (apartments,
assisted living, mobile home parks) and that rollback is
75.0000%. Rollback for this class will continue to decrease by
3.75% until assessment year 2021. After that rollback will be
equal to the residential rollback of that year.
No backfill from the state to local governments for reduction of
these revenues except commercial & industrial which is
prorated.
Rollbacks increased for Ag by 1.6844% and Res by 1.2971%.
TOTAL COUNTY LEVY
The total county levy stayed the same as last year-
9.54793. Urban levy is 5.59793 same as last year.
Property taxes levied: 5,727,121.
From that figure we subtract 279,660 for the credits
that the taxpayers receive.
5,727,121-279,660=5,447,461 is net tax rev.
Credits to Taxpayers
Homestead and Military Credit is based on property
value. Homestead Credit is 4,850 X levy. The state
reimburses us 100% back for this credit.
Military Credit is subtracted off the taxable value and
then the levy is applied to the new value. State
reimburses us about 20% of the cost of credits given.
Ag & Family Farm is prorated by the state so we don’t
get 100% reimbursement.
Credits to Taxpayers
Disabled Veteran Homestead Credit is given to
disabled veterans with permanent & total disability
ratings based on un-employability paid at the 100%
disability rate.
We currently have 27 taxpayers getting this credit
which is applied against the entire amount of tax
levied on the property.
Business Property Tax Credit is given to taxpayers with
properties that are classed commercial and industrial.
WIND TURBINES
We have 136 wind turbines in 2 townships-Stacyville
and Wayne. All turbines are assessed at 30% with a
90% rollback. They also receive a Business Property
Tax Credit. This decreases the value.
That value is used to make our debt payments for
roads and the courthouse.
The total value is 120,861,657.
Long Term Debt Payments
Debt payments are made for roads, pre-treatment
facility for VBC, and courthouse.
Total principal and interest payments are-3,708,459.
TIF Revenue, Special Assessment and LOST help make
these payments. No revenue from property taxes are
used to make our debt payments.
TIF Revenue plus special assess. will be 3,708,459.
Other debt are the 2 TIF Rebates for the Osage Co-op
Elevator and Absolute Energy. Both are 10 year
agreements.
What if we have no TIF?
If we had no TIF, we would still have to make the debt
payments. To make the payments we must use the
debt service levy since we can’t use any of the other
levies we already have. If we take our valuation today
we would raise our total county levy to 9.78536 instead
of the 9.54793 which is our total levy in this budget.
880,514,567/3,708,459=.23743. This levy is in addition
to the levies we already use.
The wind turbine revenue is 2,481,000 and would not
be able to make the debt payments.
Breakdown of Taxes
QUESTIONS ABOUT THE BUDGET
Any questions???
County budget for FY 2019-2020 includes details on the general funds, special revenue funds, capital projects, debt service, rural basic fund, and secondary roads fund. Key points include levy limits, fund allocations, increases in budget, and specific purposes for different funds.
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INCREASE IN BUDGET # 18-Inc of wages, health insurance & EMA contribution # 20-Inc. in reimbursement to Butler Co. for CSS Fund # 21-Inc. in conservation department due to Riverside Park Improvements # 22-Inc. in Secondary Roads Department # 23-Purchase of E Pollbooks for elections & other computer equipment
GENERAL FUNDS General Basic is at the levy limit of 3.50/thousand of taxable value. This levy is the same as last year. General Supplemental has no levy limit and is at 1.55100 for the new budget. This levy has an increase of .02782.
SPECIAL REVENUE FUNDS Special Revenue funds account for proceeds which are usually required by law or regulation to be accounted for in a separate fund and to be expended for specific purposes. Here is a list of what funds are considered special revenue: Mental health REAP Rural Basic TIF Sheriff R & B Co. Disposal Closure LOSST MCHHC Improve Secondary Roads Sheriff Asset Forfeiture Drug Enforcement Recorder Record Management Conservation Land Acquisition & HSA Fund
CAPITAL PROJECTS AND DEBT SERVICE Capital Projects fund is used in the acquisition or construction of major capital facilities and assets. 300,000 will go to remodel of County Services Building and Maintenance Garage. 660,000 will be used by the Secondary Roads Department for Roadway Construction. Debt Service: Debt Service fund is not going to be used this budget year.
RURAL BASIC FUND Rural Basic Fund is the operating fund for county services benefiting property not within incorporated areas of the county. The levy limit is 3.95/thousand of taxable value. Currently we have 5 sheriff deputies in the Rural Basic fund as well as Co. Disposal. This fund also gives property tax dollars to the Secondary Roads fund. The levy is the same as last year at the max rate of 3.95.
SECONDARY ROADS FUND Secondary Roads fund is used for the maintenance and repair of secondary roads, construction and maintenance of county bridges. Revenues from federal, state & county. Road Use Tax-Farm to Market-State. Transfers from General Basic and Rural Basic Funds are from property taxes. Transfers from General Basic are not to exceed the equivalent of a tax of 16 7/8/thousand of taxable value. This budget transfer will be: 133,262 Transfer from Rural Basic are not to exceed the equivalent of a tax of 3.375/thousand of taxable value. This budget transfer will be: 1,249,613
COUNTY SOCIAL SERVICES FUND The County Social Services fund or MH-DD fund which it was called previously is funded by taxes based on a levy determined by multiplying $ 35.18 by the most recently available population. For this budget the levy will be .54693 an decrease of .02782. Mitchell County is part of a 22 county social services region. Service coordination services is also included in this fund.
2018 VALUATIONS Valuations are set by the county assessor and the Dept. of Revenue. Valuation is the tax base to which the rate is applied and over which the levy is spread. Valuation X Rate (amount of tax per $1,000 of taxable value) = Taxes Levied-Dollars generated by the Tax Rates are set by local governments to generate the desired levy. The 2018 Valuation is 683,812,625 with Gas & Electric and 671,170,969 without Gas & Electric. This is an increase of 23,888,767 from the 2017 Valuation.
Rollbacks Rollback is applied to all classes of property: Ag-56.1324% Residential-56.9180%, Industrial and Commercial-90%. Railroads have a rollback also of 90%. A new class is Multi-Res.- 3 or more dwelling units (apartments, assisted living, mobile home parks) and that rollback is 75.0000%. Rollback for this class will continue to decrease by 3.75% until assessment year 2021. After that rollback will be equal to the residential rollback of that year. No backfill from the state to local governments for reduction of these revenues except commercial & industrial which is prorated. Rollbacks increased for Ag by 1.6844% and Res by 1.2971%.
TOTAL COUNTY LEVY The total county levy stayed the same as last year- 9.54793. Urban levy is 5.59793 same as last year. Property taxes levied: 5,727,121. From that figure we subtract 279,660 for the credits that the taxpayers receive. 5,727,121-279,660=5,447,461 is net tax rev.
Credits to Taxpayers Homestead and Military Credit is based on property value. Homestead Credit is 4,850 X levy. The state reimburses us 100% back for this credit. Military Credit is subtracted off the taxable value and then the levy is applied to the new value. State reimburses us about 20% of the cost of credits given. Ag & Family Farm is prorated by the state so we don t get 100% reimbursement.
Credits to Taxpayers Disabled Veteran Homestead Credit is given to disabled veterans with permanent & total disability ratings based on un-employability paid at the 100% disability rate. We currently have 27 taxpayers getting this credit which is applied against the entire amount of tax levied on the property. Business Property Tax Credit is given to taxpayers with properties that are classed commercial and industrial.
WIND TURBINES We have 136 wind turbines in 2 townships-Stacyville and Wayne. All turbines are assessed at 30% with a 90% rollback. They also receive a Business Property Tax Credit. This decreases the value. That value is used to make our debt payments for roads and the courthouse. The total value is 120,861,657.
Long Term Debt Payments Debt payments are made for roads, pre-treatment facility for VBC, and courthouse. Total principal and interest payments are-3,708,459. TIF Revenue, Special Assessment and LOST help make these payments. No revenue from property taxes are used to make our debt payments. TIF Revenue plus special assess. will be 3,708,459. Other debt are the 2 TIF Rebates for the Osage Co-op Elevator and Absolute Energy. Both are 10 year agreements.
What if we have no TIF? If we had no TIF, we would still have to make the debt payments. To make the payments we must use the debt service levy since we can t use any of the other levies we already have. If we take our valuation today we would raise our total county levy to 9.78536 instead of the 9.54793 which is our total levy in this budget. 880,514,567/3,708,459=.23743. This levy is in addition to the levies we already use. The wind turbine revenue is 2,481,000 and would not be able to make the debt payments.
Breakdown of Taxes Percentages are Based on the Abstract of Taxes for 2017 Payable in 2017-2018 County 24% Hospital Area School TIF Assessor County City School Other 730,224.46 562,401.27 4,831,354.07 224,156.20 5,526,748.17 2,163,399.11 8,284,866.50 354,744.84 Assessor 1% Hospital City 10% TIF 21% Area School TIF School 37% Assessor County City School Area School 2% Other Hospital 3% Other 2%
QUESTIONS ABOUT THE BUDGET Any questions???
