Minutes: Budget Hearing 2008
Public Hearing
2009 Annual Budget
December 1, 2008
A Public Hearing was held in the Village of Plain at the Municipal Building on December 1, 2008 at 7:00 p.m. The purposes of the meeting were to review the 2008 General Fund budget and the proposed 2009 budget. The following Village Board members were present: Raymond Ellenbolt, President; David Buchanan; Kevin Kraemer; James Liegel; Duane Meise; and, Merry Lynn Riek, Trustees. Trustee Robert Neuheisel was absent.
Others present: Gary Ilminen of the Home News.
Notice of this meeting was posted on November 17, 2008 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 19, 2008 issue of the Home News.
The hearing was called to order at 7:00 p.m. by President Ellenbolt.
The 2008 General Fund budget will come out close and will be sufficient.
The 2009 General Fund budget is within the 6.4% increase limit to qualify for an Expenditure Restraint payment.
The mill rate for 2007 taxes was $19.01579. For 2008, the rate is estimated to be $19.46234. The mill rate is before the Lottery credit of $78.69 and the First Dollar credit of $34.10 are applied.
The Village’s tax levy increased from $431,603.00 in 2008 to $458,733.00 in 2009. This is an increase of 6.29%.
The budget as presented would result in the following 2009 General Fund Budget:
REVENUES | ||
General Property Taxes | $357,655.08 | |
Taxes (Other than Property Taxes) | $17,618.00 | |
Special Assessments | $610.81 | |
Intergovernmental Revenues | $117,154.21 | |
Licenses and Permits | $5,760.00 | |
Fines, Forfeitures & Penalties | $550.00 | |
Public Charges for Services | $14,501.50 | |
Intergovernmental Charges for Services | $1,500.00 | |
Miscellaneous Revenue | $27,673.14 | |
Other Financing Sources | $0.00 | |
Total Revenues | $543,022.74 | |
EXPENDITURES | ||
General Government | $69,184.84 | |
Public Safety | $167,978.65 | |
Public Works | $195,319.80 | |
Culture & Recreation | $77,030.30 | |
Conservation & Development | $8,509.15 | |
Other Financing Uses | $25,000.00 | |
Total General Fund Expenditures | $543,022.74 | |
General Fund Expenditures | $543,022.74 | |
Library Fund | $105,520.00 | |
Debt Service Fund | $50,257.92 | |
Capital Improvements Fund | $8,668.03 | |
Total Anticipated Expenditures | $707,468.69 | |
Total Anticipated Non-Property Tax Revenues | ($243,275.66) | |
Capital Improvements Surplus Applied | ($5,460.03) | |
Amount Required for Tax Levy | $458,733.00 |
The tax rates would be as follows:
Jurisdiction | 2008 Levy | 2008 Mill Rate | 2007 Levy | 2007 Mill Rate |
State | $12,604.97 | $0.17216 | $11,618.64 | $0.17137 |
Sauk County | $301,558.16 | $4.11883 | $269,310.04 | $3.97210 |
River Valley | $649,430.71 | $8.87024 | $587,814.80 | $8.66978 |
M.A.T.C. | $89,977.95 | $1.22896 | $82,085.65 | $1.21070 |
Village | $482,258.56 | $6.58692 | $433,495.58 | $6.39370 |
Total | $1,535,830.35 | $20.977105 | $1,384,324.71 | $20.41765 |
School Credit | ($110,903.05) | ($1.51477) | ($95,046.77) | ($1.40186) |
Net Taxes | $1,424,927.30 | $19.46234 | $1,289,277.94 | $19.01579 |
2008 Assessed Valuation = $73,214,600
2008 Equalized Valuation = $74,275,300
Assessment Ratio = 0.985719
Kraemer motioned to accept the 2009 General Fund budget of $543,022.74 as presented.
Meise seconded the motion. The motion carried unanimously.
Buchanan motioned to adjourn the Public Hearing. Kraemer seconded, and the motion carried.
The Public Hearing adjourned to a Village Board meeting at 7:17 p.m.
Sheila Tafs
Village Clerk/Treasurer