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Full Agenda Packet CITY OF JANESVILLE CITY COUNCIL SPECIAL MEETING MONDAY, DECEMBER 5, 2011 7:45 A.M. Municipal Building Council Chambers (Room #417) 1.Call to Order and Pledge of Allegiance. 2.Roll Call. 3.Action on a proposed resolution adopting the 2012 Budget, establishing the 2011 net tax rate, and appropriating funds for the fiscal year ending December 31, 2012. (File Res. No. 2011-864) 4.Motion to adjourn. ACCOUNTING DIVISION MEMORANDUM December 1, 2011 TO: City Council FROM: Patty Lynch, Comptroller SUBJECT: 2012 Adopted Budget and Tax Rates (File Res. #2011-864) On November 28, 2011 the City Council approved the 2012 budget. Please find attached a schedule that identifies the various amendments that the Council made to the proposed 2012 General Fund Budget other exhibits which are compiled for the Council’s review: EI CCouncil Budget Adjustments; XHIBIT ITY EII 2012 General Fund Tax Levy & Rate Analysis; XHIBIT E III 2012 Library Tax Levy & Rate Analysis; XHIBIT EIV 2011-2012 Distribution of Total Tax Levy Comparison; XHIBIT EV 2012 Net Tax Rate Distribution; XHIBIT EVI Comparison of Rates and Gross Taxes Paid on Average Home; XHIBIT EVII Comparison of Assessed Valuation XHIBIT EVIIIEstimated Fund and Reserve Fund Balances XHIBIT We have prepared Resolution #2011-864, which formally sets the Municipal appropriations, establishes the tax levy, and establishes the 2011 tax rate. As a result of certain City parcels of property being located within the Milton School District, Sections 5 and 6 are utilized to establish the different school tax levies and corresponding tax rates. In summary, the Council approved a 2012 Municipal Budget (General Fund and Library), which calls for a .42% increase in total expenditures, a 3.05% increase in the tax levy, and a 5.64% decrease in the gross tax rate due to the city revaluation. Suggested Motion I move to approve Resolution #2011-864 “Adopting a Budget, Appropriating Funds, Authorizing Expenditures and Levying a Tax Therefore by the City of Janesville for the Fiscal Year Ending December 31, 2012”. Attachments cc: Jacob J, Winzenz, Director of Administrative Services/Assistant City Manager Eric J. Levitt, City Manager RESOLUTION NO. 2011-864 A RESOLUTION ADOPTING A BUDGET, APPROPRIATING FUNDS, AUTHORIZING EXPENDITURES AND LEVYING A TAX THEREFOR BY THE CITY OF JANESVILLE FOR THE FISCAL YEAR ENDING DECEMBER 31, 2012 WHEREAS, pursuant to Section 3.08.010 of the Code of General Ordinances of the City of Janesville, and in accordance with Section 65.90 of the Wisconsin Statutes, the City Manager submitted to the Common Council a Budget containing an estimate of City and Library revenues and expenditures for the fiscal year ending December 31, 2012; and WHEREAS, the Common Council has reviewed said estimates, proposed Budget, and held public hearing(s) thereon; NOW, THEREFORE BE IT RESOLVED by the Common Council of the City of Janesville that: SECTION 1. The Budget for the City of Janesville for the fiscal year ending December 31, 2012, as submitted by the City Manager and as amended and adopted by the Common Council on the 28th day of November, 2011, is hereby ratified. SECTION 2. There is hereby appropriated out of the receipts of the City of Janesville for the year 2012, including monies received from the general property tax levy, to the various purposes specified in said adopted City Budget for the purposes therein stated, the following amounts: General Fund Revenues Non-Property Tax Revenues$ 14,907,150.00 Undesignated Funds Applied-General Fund 825,000.00 Total Non-Property Tax Revenues:$ 15,732,150.00 General Fund Operating Expenditures General Government$ 3,370,937.00 Public Safety 22,840,300.00 Public Works 4,108,764.00 Leisure Services 2,727,094.00 Community Development 1,361,857.00 Other 2,309,360.00 Total General Fund Operations$ 36,718,312.00 General City Debt Service 5,186,604.00 Total General Fund Expenditures$ 41,904,916.00 Tax Levy without TIF$ 26,172,766.00 TIF Levy$ 916,584.89 Total Levy for General Fund$ 27,089,350.89 RN.2011-864 P2 ESOLUTION O AGE Hedberg Public Library Revenues Non-Property Tax Revenues$ 774,932.00 Undesignated Funds Applied-General Fund - Total Non-Property Tax Revenues:$ 774,932.00 Library Operating Expenditures$ 3,761,351.00 Library Debt Service 215,502.00 Total Library Expenditures$ 3,976,853.00 Tax Levy without TIF$ 3,201,921.00 TIF Levy$ 112,133.06 Total Levy for Hedberg Public Library$ 3,314,054.06 SECTION 3. There is hereby levied a combined City and Library tax in the total amount of Thirty Million, Four Hundred Three Thousand, Four Hundred Four Dollars and Ninety-Five Cents ($30,403,404.95) for all purposes on all taxable real and personal property within the City of Janesville as returned by the City Assessor for the year 2011, for the uses and purposes set forth in the City’s 2012 Budget. SECTION 4. The City Clerk is hereby authorized and directed to spread this tax on the current tax roll of the City of Janesville. SECTION 5. Thereby and hereby is levied a net tax for the year 2011 for taxable real and personal property within the City of Janesville located within the Janesville School District at the rate amount of $25.0148 per thousand dollars of assessed valuation. SECTION 6. Thereby and hereby is levied a net tax for the year 2011 for taxable real and personal property within the City of Janesville located within the Milton School District at the rate amount of $23.8573 per thousand dollars of assessed valuation. SECTION 7. This resolution shall take effect forthwith. ADOPTED: Motion by: Second by: APPROVED: Councilmember Aye Nay Pass Absent Brunner McDonald Eric J. Levitt, City Manager Perrotto Rashkin ATTEST: Steeber Truman Voskuil Jean Ann Wulf, City Clerk-Treasurer APPROVED AS TO FORM: City Attorney Proposed by: Accounting Division Prepared by: Accounting Division