Swift County Budget Summary 2021

The Swift County 2021 budget includes proposed tax levies, projected expenditures, revenue sources, and net figures across various categories. Changes from the previous year, anticipated aid, spend-down amounts, and total net figures are detailed, providing an overview of the county's financial outlook.

• Swift County
• Budget Summary
• Tax Levy
• Revenue Sources
• Financial Overview

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1. 2021 Swift County Truth In Taxation Final 2021 Budget December 1, 2020 1

2. 2 The purpose of this hearing is to discuss the proposed tax levy and annual operating budget for calendar year 2020. If you have questions concerning the property valuation listed on your tax statement, please make an appointment to meet with the County Administrator or County Auditor.

3. 3

4. Proposed Budget Summary -2021 County Wide Summary 2021 12,041,773 600,150 11,441,623 (104,508) 2020 11,922,548 594,280 11,328,268 (84,225) $ Change % Change Total County Levy and Aid Necessary to Balance Anticipated County Program Aid Necessary County Levy to Balance Desired Surplus (Spend Down) 119,225 5,870 113,355 (20,283) 1.00% 0.99% 0.01% 24.08% The proposed budget includes $22,965,163 in total projected expenditures, a 4.23% decrease from 2020 expenditures. The proposed budget includes $22,860,655 in total projected revenues, a 4.33% decrease from 2020 revenues. This does include anticipated County Program Aid. Projected Spend down of $ 104,508 of Cash Reserves

5. Months of Coverage 5 15.31 14.63 14.63 13.87 12.63 8.75 8.42 8.30 8.08 7.97 7.88 7.64 7.57 7.21 7.21 5.59 5.32 4.86 4.70 4.54 2.78 1.26 1.01 1.01 0.92 2019 5.59 13.87 2.78 7.97 8.75 2020 5.32 12.63 0.92 7.64 8.08 2021 @ 1% 4.86 15.31 1.26 7.57 8.42 2021 - 50% CPA 4.70 14.63 1.01 7.21 8.30 2021 - no CPA 4.54 14.63 1.01 7.21 7.88 Gen R&B SW HS All Funds

6. 6 2020 Final 2021 Preliminary Revenue Proposed 2021 Budget Summary General Revenue Road and Bridge Human Services Debt Solid Waste $ 8,212,517 $ 7,693,316 $ 5,859,050 $ 893,404 $ 1,193,650 $ 8,304,896 $ 6,469,987 $ 5,922,425 $ 890,697 $ 1,272,650 Expenses General Revenue Road and Bridge Human Services Debt Solid Waste $ 8,154,836 $ 7,680,306 $ 5,828,139 $ 901,577 $ 1,371,580 $ 8,438,960 $ 6,393,904 $ 5,986,175 $ 898,927 $ 1,247,197 Net General Revenue Road and Bridge Human Services Debt Solid Waste $ 57,681 $ (134,064) $ $ 30,911 $ (8,173)* $ (177,930)* 13,286 $ $ (63,750) $ (8,230)* $ 25,453 76,083 TOTAL NET $ ( 84,225) $ (104,508)

7. 7 Revenue Sources 2020 2021 Taxes Federal, State or Local Grants and Contributions Charges For Services Miscellaneous Revenues Total $ 11,766,297 49.3% $ 11,584,652 50.7% $ 9,026,491 $ 2,754,109 $ 305,040 $ 23,851,937 37.8% $ 8,507,783 11.5% $ 2,500,350 1.3% $ 267,870 $ 22,860,655 37.2% 10.9% 1.2%

8. 8 Expenses by Type Type Personnel Services Capital Expenditures Services And Charges Public Assistance Supplies And Materials Transfers Other Expenditures Debt Services TOTAL $ 23,936,162 2020 2021 $ 10,495,053 $ 5,415,197 $ 2,452,462 $ 1,824,450 $ 1,631,062 $ 955,304 $ 261,057 $ 901,577 $ 10,785,733 $ 4,408,713 $ 2,487,872 $ 1,829,600 $ 1,345,467 955,304 $ 253,547 $ 898,927 $ 22,965,163

9. County Program Aid 9 Year 2021 CPA $600,150 2020 $594,280 2019 $533,206 2018 $540,981 2017 (Certified) 2016 (Certified) 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 $187,950 $188,286 $196,020 $200,850 $160,939 $384,876 $384,876 $747,207 Unallotted to $561,470 $846,119 Unallotted to $754,636 $799,304 Unallotted to $677,102 $882,841 $871,395

10. Historic Levies Year 10 Certified Net Levy Percentage Change 1.0% 5.0% 4.0% 2.0% 4.3% 3.9% 5.7% 3.0% 5.9% 3.9% 9.0% 3.4% 7.6% 15.4% 2020 (Preliminary) 2020 (Final) 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 $ 11,441,623 $ 11,328,269 $ 10,788,827 $ 10,398,870 $ 10,194,971 $ 9,773,657 $ 9,406,965 $ 8,898,984 $ 8,635,405 $ 8,155,264 $ 7,850,554 $ 7,201,210 $ 6,964,275 $ 6,474,520

11. 11 Other County Levies RDA - $145,000 (2020 - $117,000) HRA - $176,000 (2020 - $146,000)

12. 12 Levy Impacts to Residents Estimated County Portion Property Tax Amounts % Levy Increase Residential Commercial $200,000 Ag Land $220,000 $85,000 $200,000 0.00% $ 255.40 $ 833.16 $ 1,498.00 $ 1,014.03 .50% $ 256.74 $ 837.55 $ 1,505.88 $ 1,019.37 1.00% $ 258.09 $ 841.94 $ 1513.77 $ 1,024.71 2020 Levy Amount $ 254.06 $ 828.82 $ 1,490.18 $ 1.008.74 Difference at 0.0% $ 1.33 $ 4.34 $ 7.81 $ 5.29 Difference at 0.5% $ 2.68 $ 8.73 $ 15.70 $ 10.63 Difference at 1.0% $ 4.02 $ 13.12 $ 23.59 $ 15.97

13. EMV Change Impact (Projected) $4.74 $2,440,000,000 $2,420,000,000 $2,400,000,000 $2,380,000,000 $4.92 $2,360,000,000 $2,340,000,000 $2,320,000,000 $2,300,000,000 $2,280,000,000 Estimated Market Value 2021 2022 As estimated market value decreases, the cost per $$ NTC goes up . An inverse reaction. Above shows the impact of reduction in overall county EMV keeping a zero levy increase.

14. Levy Effect on Fund Balances 14 1 2 3 11 35 Gen Rev SW Hwy HS Bond Total 2021 Net Levy - 0% 5,941,784 65,000 1,905,027 3,050,525 365,932 11,328,268 Surplus/(Reserves Used) (247,419) 25,453 76,083 (63,750) (8,230) (217,863) Months of Coverage 4.789 1.258 15.314 7.314 (0.110) 2021 Net Levy @ 0.5% 5,998,425 65,000 1,905,027 3,050,525 365,932 11,384,909 Surplus/(Reserves Used) (190,778) 25,453 76,083 (63,750) (8,230) (161,222) Months of Coverage 4.869 1.258 15.314 7.314 (0.110) 2021 Net Levy @ 1% 6,055,139 65,000 1,905,027 3,050,525 365,932 11,441,623 Surplus/(Reserves Used) (134,064) 25,453 76,083 (63,750) (8,230) (104,508) Months of Coverage 4.950 1.258 15.314 7.314 (0.110)

15. 15 Public Comment and Board Discussion

16. 2021 Budget Timeline 16 August 18, 2020 Health Insurance Committee Rate Recommendation September 3, 2020 Review Initial Budget Requests with the Board September 3, 2020 Deadline to set HRA/RDA preliminary 2021 Levies September 17, 2020 Last Regular Meeting to set County preliminary 2021 Levy and TNT Meeting September 30, 2020 Deadline to set County preliminary 2021 Levy and date for TNT meeting December 1, 2020 December 15, 2020 TNT Meeting, 6 PM Last Regular Board Meeting to set final 2021 Levy December 31, 2020 Deadline to set final 2021 Levy and Budget

17. For More Information 17 All of Swift County s budget documents can be viewed at www.swiftcounty.com/budget Contact County Administrator Kelsey Baker at 320-314-8399 or via email at Kelsey.baker@co.swift.mn.us Questions? Thank you