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2010/2011 Tentative Budget

2012/2013 Tentative Budget PRESENTATION April 4, 2012


TENTATIVE BUDGET SUMMARY EXPENDITURES General Fund Expenditures Special Maintenance Accounts Capital Fund Total Expenditures

$17,096,871 440,500 995,000 $18,532,371

REVENUES Real Property Tax Levy Other Revenues Surplus/Fund Balance Appropriations Total Assessed Value Tax Rate (Blended) Total Capital Expenditures Tax Levy change over prior year Undesignated Fund Balance as % of Operating Budget

$13,294,214 4,388,157 850,000 $18,532,371 $2,478,821,310 5.36 $1,198,000 1.46% 15.07%


NYS PROPERTY TAX CAP SUMMARY -Limits growth of tax levy -Levy capped at 2% or rate of inflation (whichever is less) -Can carry over up to 1.5% of levy limit under cap to following year -Adjustments/Exclusions -Judgments/Court Orders -NYS Retirement in Excess of 2% -Village Calculates Levy Limit, Reviewed by NYS Comptrollers Office

RYE BROOK BUDGET IMPACTS 2011-2012 Levy 2012-2013 Levy Allowable Allowable Difference Proposed 2012-2013 Levy Proposed Difference

$13,103,226 $13,486,374 $383,148 $13,294,214 $190,988

2.92% 1.46%


TAX RATE CALCULATION Assessed Homestead Base Tax Levy Tax Rate Value Proportions 2012/2013 Tentative Budget Homestead (Residential) Tax Rate 2,043,878,643 Non-Homestead (Commercial) Tax Rate 434,942,667

73.921148% 9,827,236 26.078852% 3,466,978

4.8081 7.9711

2,478,821,310

100% 13,294,214

5.3631

Homestead (Residential) Tax Rate 2,119,157,746 Non-Homestead (Commercial) Tax Rate 478,503,633

74.248195% 9,728,909 25.751805% 3,374,317

4.5909 7.0518

100% 13,103,226

5.0442

Tax Rate (Blended) 2011/2012 Budget

Tax Rate (Blended)

2,597,661,379

Tax Levy Tax Rate Homestead Increase Over Prior Year Non Homestead Increase Over Prior Year Blended Increase Over Prior Year

1.01% 2.75% 1.46%

4.73% 13.04% 6.32%


TAX LEVY INCREASES/DECREASES (Six Year History) 16.0 15.5 15.0 14.5 14.0 13.5 13.0

Millions

12.5 12.0 11.5 11.0 10.5 10.0 9.5 9.0 8.5 8.0 7.5 7.0 2007/2008

2008/2009

2009/2010

2010/2011

2011/2012

2012/2013


HOMESTEAD IMPACT ON ASSESSED VALUE AND SHARE OF TAX LEVY WITHOUT HOMESTEAD

Residential (Homestead)

2009/2010 Budget 17%

Commercial (Non Homestead)

########

WITH HOMESTEAD

Homestead (Residential)

Non Homestead (Commercial)

26%

74% 83%


SUMMARY OF AVERAGE VILLAGE TAXES

Average Single Family Home AV Homestead Tax Rate (Per 1,000) Average Village Tax Additional Cost Per Year Additonal Cost Per Month

2011/2012 Avg. Taxes (Homestead)

2012/2013 Avg. Taxes (Homestead)

$754,000.00 $4.59 $3,460.86

$738,000.00 $4.81 $3,548.40 $87.54 $7.30


Distribution of Residential Property Taxes

Blind Brook School District

Port Chester School District

Village 18.8%

2009/2010 Budget

Village 19.6%

######## 39552.00 County 18.0% BBSD 63.0%

Town 0.2%

County 18.7% PCSD 61.5%

Town 0.2%


EXPENDITURE SUMMARY Total Budget Expenditures (All Funds): 2012-2013 Proposed GF Expenditures: 2011-2012 General Fund Expenditures: Additional Expenditures Over Prior Year: Increase in G.F. Expend. (Not incl. Capital)

Summary of Major Expenditures: Increase in NYS Retirement Costs Health Insurance Capital Investment Maintain Recent Service Levels

$18,532,371 $17,652,548 $879,823 3.68%


COST

RETIREMENT COSTS FIVE YEAR BUDGET TRENDS $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0

NYS Retir. Payments

########

2008-09 Actual

2009-10 Actual

2010-11 Actual

2011-12 Adopted

BUDGET YEAR

2012-13 Tentative


Expenditure Summary Special Items 3%

DPW 16% Library 3%

Employee Benefits 21%

Capital 5% Central Items 1% Rec. & Human Services 8%

Legal 1% Debt Service 5%

Water/Lighting/Sewer 2%

General Government 6%

Public Safety 29%


EXPENDITURES BY SERVICE Total Public Safety Expenditures = $5,335,539

Library

Central Items Rec. & Human Services Capital Water/Lighting/Sewer

Animal Control 0.24%

Ambulance 3.96% DPW Fire 33.14%

Public Safety

Special Items

Police 62.67%

Employee Benefits General Government Legal

Debt Service


EXPENDITURES BY SERVICE Total Public Works Expenditures = $2,985,359

CentralRec. & Human Capital Items Services Library Water, Lighting Special Items & Sewer Employee Benefits

Planning Board 0.26% Trees 2.09% Snow Removal 5.22% Safety Insp/Eng 16.52% Central Garage 17.31%

Public Works

Highway 27.64%

Legal Debt Service

Refuse Collection 30.97%

General Government Public Safety


EXPENDITURES BY SERVICE Total General Government Expenditures = $1,107,541

BOT 0.98% Village Offices 10.90% DPW

Library

Village Clerk 8.56%

Capital Special Items

Central Items Recreation & Human Services Finance 41.98% General Government

Employee Benefits

Legal Debt Service Public Safety

Admin/MIS 37.59%


EXPENDITURES BY SERVICE Total Employee Benefits Expenditures = $3,897,604

Capital 5.37%

Library 2.71% DPW 16.11%

Central Items 0.57% Rec. & Human Services 7.64%

NYS Retirement 25.39%

Water/Lighting/Sewer 2.38%

Special Items 3.50%

Workers Compensation 4.24%

Legal 0.93%

Employee Benefits 18.80%

Social Security 16.45% Misc. 3.59%

Debt Service 5.00% General Government 5.98%

Health/Dental 50.33% Public Safety 28.79%


REVENUE SUMMARY Total Property Tax Revenues: 2012/2013 Proposed Property Taxes: 2011/2012 Adopted Property Taxes Additional Property Tax Revenue Over Prior Year: Increase Over Prior Year

$13,294,214 $13,103,226 $190,988 1.46%

Total Non-Property Tax Revenues 2012/2013 Non-Property Tax Revenues 2011/2012 Non-Property Tax Revenues Revenue Gain Increase Over Prior Year Summary of Offsetting Non-Property Tax Revenues Interest Rates Very Low PILOT Agreements (Offsetting Property Taxes) Recreation Revenue Up/Building Revenue Down Fund Balance/Surplus Designated for Capital Projects (Non-Operating Expenses) Hotel Tax (+) Small Increase in Sales Tax and Mortgage Tax

$5,238,157 $4,549,372 $688,785 13.15%


Revenue Summary Rec/AJP Rent/Youth 3% Gross Rec/Cable 3% Pilots 4% Ins/Unclas/Sale/Other 0% Insp Fees/Chips/Aid 2% Mortgage Taxes 1%

Real Property Taxes 76%

Fines/Alarms 1% Clerk/Vital 0% Hotel Tax 2% Sales Tax/Int Earn 7% Pol/DWI/Grant/Fines 0% Airport Revenue 0% Cell Tower Lease 1%


MARKET-DRIVEN REVENUES Five Year Budget Trends $1,400,000

REVENUES

$1,200,000

Mortgage Tax Sales Tax Building Revenue Hotel Tax

$1,000,000 $800,000 $600,000 $400,000 $200,000 $0 2008-09 Actual

2009-10 Actual

2010-11 Actual

2011-12 Adopted

Budget Year

2012-13 Tentative


SUMMARY OF CAPITAL PROJECTS PROJECT POLICE VEHICLES POSILLIPO CENTER RENOVATIONS (PAINTING, FURNITURE, SLIDING DOORS) RESURFACE TENNIS COURTS 1 AND 2 @ PINE RIDGE PARK VILLAGE HALL IMPROVEMENTS (PAINTING, CARPETING, BASEMENT WATERPROOFING) ROAD RESURFACING COMPREHENSIVE PLAN CAPITAL RESERVE - RYE BROOK ATHLETIC FIELDS

AMOUNT $90,000 55,000 20,000 100,000 650,000 50,000 $30,000

TOTAL TRANSFER FROM GENERAL FUND (FUND BALANCE AND SURPLUS) POLICE DEPT.- IN-CAR VIDEO SYSTEM REPLACE JOHN DEER 1445 MOWER REPLACE LEAF LOADER PICK-UP TRUCK FOR GENERAL FOREMAN KING STREET SIDEWALKS TOTAL BAN DEBT TOTAL - ALL CAPITAL PROJECTS

$995,000

$25,000 40,000 38,500 19,500 $80,000 $203,000 $1,198,000


TAX BURDEN COMPARISON (Villages in Westchester County) VILLAGE Briarcliff Manor Croton-on-Hudson Irvington Elmsford Ardsley Sleepy Hollow Tarrytown Mount Kisco Hastings-on-Hudson Port Chester Tuckahoe Pleasantville Pelham Dobbs Ferry Pelham Manor Buchanan Mamaroneck Larchmont Rye Brook Bronxville

EQUALIZED RATE

RANK

19.04 8.79 8.72 7.92 7.88 7.77 7.73 7.61 7.34 7.12 7.11 7.10 6.96 6.93 6.23 5.58 5.39 5.22 4.59 2.86

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

(2011 Westchester County Tax Commission Statistics)


BUDGET WORK SESSION DISCUSSIONS EXPENDITURES Twelve Accounts Modified

REVENUES Inspection Fees, Sales Tax, and Hotel Tax Fee Modifications (+/-)

BUDGET IMPACT

NEW TAX LEVY TAX LEVY INCREASE

($46,372)

$49,600

($95,972)

$13,198,242 0.73%


2012/2013 Tentative Budget

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Village of Rye Brook Budget Presentation  

Village of Rye Brook, Budget Presentation, Government Westchester County

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