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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