Minutes: December 1, 2010 Budget Hearing

Village of Plain

Public Hearing

2011 Annual Budget

December 1, 2010

 

 A Public Hearing was held in the Village of Plain at the Municipal Building on December 1, 2010 at 7:00 p.m.  The purposes of the meeting were to review the 2010 General Fund budget and the proposed 2011 budget. 

 

Roll Call: Raymond Ellenbolt, President; Cole Brunson; Robert Jewell; Kevin Kraemer; Duane Meise; Robert Neuheisel; and, John Schluter, Trustees.

 

Notice of this meeting was posted on November 17, 2010 in the following locations in the Village of Plain:  Municipal Building; Plain Post Office; and, The Peoples Community Bank.  The preliminary budget summary was published in the November 17, 2010 issue of the Home News.

 

The hearing was called to order at 7:00 p.m. by President Ellenbolt.

 

The 2011 General Fund budget is within the 3.2% increase limit to qualify for an Expenditure Restraint payment.

 

The mill rate for 2009 taxes was $20.50211.  For 2010, the rate is estimated to be $21.35503.  The mill rate is before the Lottery credit of $90.33 and the First Dollar credit of $71.64 are applied.

 

The Village’s tax levy increased from $472,494.00 in 2010 to $488,379.00 in 2011.

 

The budget as presented would result in the following 2011 General Fund Budget:

 

REVENUES

 

 

Taxes (Other than Property Taxes)

 

$21,439.00

Special Assessments

 

$108.40

Intergovernmental Revenues

 

$104,976.11

Licenses and Permits

 

$5,628.00

Fines, Forteitures & Penalties

 

$6,500.00

Public Charges for Services

 

$13,975.00

Intergovernmental Charges

 

$3,000.00

Miscellaneous Revenue

 

$12,990.42

Other Financing Sources

 

$0.00

 

 

$168,616.93

  

EXPENDITURES

 

 

General Government

 

$86,689.03

Public Safety

 

$156,622.88

Public Works

 

$226,446.94

Culture & Recreation

 

$80,280.00

Conservation & Development

 

$7,765.00

Transfer to Capital Improvements Fund

 

$0.00

Total General Fund Expenditures

 

$557,803.85

 

 

 

General Fund Expenditures

 

$557,803.85

Special Revenue Fund

 

$116,868.00

Debt Service Fund

 

$48,372.08

Capital Imrpovments Fund

 

$11,836.00

Total Anticipated Expenditures

 

$734,879.93

Total Anticipated Non-Property Tax Revenues

 

($237,664.93)

Other Financing Sources

 

$0.00

     Initial Tax Levy

 

$497,215.00

         Surplus Funds Applied - General Fund

 

$0.00

         Surplus Funds Applied - Capital Improvements

 

($8,836.00)

Amount Required for Tax Levy

 

$488,379.00

 

The tax rates would be as follows:

 

Jurisdiction

2010 Levy

2010 Mill Rate

2009 Levy

2009 Mill Rate

State

$12,945.93

$0.16740

$12,769.09

$0.16612

Sauk County

$326,504.71

$4.22202

$316,645.53

$4.11930

River Valley

$792,002.34

$10.24136

$755,656.11

$9.83048

M.A.T.C.

$112,490.20

$1.45461

$98,795.75

$1.28525

Village

$518,147.67

$6.70015

$503,450.81

$6.54949

Total

$1,762,090.85

$22.78555

$1,687,317.29

$21.95064

School Credit

($110,627.30)

($1.43052)

($111,346.73)

($1.44853)

Net Taxes

$1,651,463.55

$21.35503

$1,575,970.56

$20.50211

 

2010 Assessed Valuation  =  $77,333,700

2010 Equalized Valuation =  $76,284,400

Assessment Ratio              =  1.013755

 

Schluter motioned to accept the 2011 General Fund budget of $557,803.85 as presented. 

Jewell seconded. Motion carried.

 

Kraemer motioned to adjourn the Public Hearing at 7:07 p.m. Meise seconded. Motion carried.

 

 

 

                                                                                                Sheila Tafs

Village Clerk/Treasurer