Estimated 2011 Tax Bill Breakdown

*Estimate

4 Year Comparison of Surplus

Budget Year 2010

2009 2008 2007

Surplus Available at

12/31

443,000

700,019 1,080,014

1,352,012

Utilized in following Year

Budget

256,000

662,346 970,539 1,055,000

% of Total Budget

Revenues

5% 11% 18% 19%

Revenue Sources Taxes State Aid Miscellaneous Grants Delinquent Taxes Surplus Funds, from prior years

Schedule of Revenues

2011 2010 2009 2008Taxes 3,790,56

03,644,853

3,271,551 3,053,655

State Aid 676,039

676,039

849,830 871,620

Miscellaneous 430,802

458,413

328,800 326,801

Grants 24,433

36,324

35,012 36,264

Delinquent Taxes

255,162

250,000

250,000 340,000

Surplus Budgeted

256,000

662,346

970,539 1,055,000

Revenue Breakdown(Using 2011 data)

Revenue Issues & Changes

State Aid was reduced 173,791 from 2009 to 2010.

2010 was the first year 40,000 of the revaluation expenses had to be paid back, 2011 is the second

62,215 increase in expenditures or decrease in revenues equals one cent tax rate increase.

2011 Local Tax Rate 0.609 2010 Local Tax Rate 0.118 (1.18) Increase of 0.2 (two cents) new assessed

value

Schedule of Appropriations

2011 2010 2009 2008

Salary and Wages 1,990,735 2,223,290 2,245,137 2,296,334

OE 2,102,318 2,236,062 2,265,716 2,352,291

Deferred Charges 24,801 100,000

Other Operations 373,041 241,027 436,066

Capital Improvements

28,500 7,000 7,000 18,000

Debt Service 421,646 430,500 387,700 334,200

Revaluation Payback

40,000 40,000

Reserve for Uncollected Taxes

392,517 310,019 408,407 413,800

Comparison of Major Appropriations

  2011   2010   2009  

Reserve for Uncollected Taxes

392,517 7% 310,019 6% 408,407 7%

Debt Service 421,646 8% 430,500 8% 387,700 7%Insurance 440,000 8% 538,500 10% 481,500 8%Utilities 283,000 5% 223,500 4% 271,500 5%Solid Waste (Tipping Fees)

307,300 6% 231,955 4% 210,869 4%

MACCS (Trash Collection)

231,950 4% 248,300 4% 204,250 4%

Revaluation Payback

40,000 1% 40,000 1%   0%

Employer Pension Bill (PERS & PFRS)

331,780 6% 276,204 5% 241,825 4%

Police Salaries 1,208,360 22% 1,367,986

25% 1,345,800 24%

All Other Expenses

1,776,443 33% 1,881,611

34% 2,173,135 38%

Total Budget 5,432,996 100% 5,548,575

100% 5,724,986 100%

Cost per Average Assessment

2011 Average House is Assessed at $196,400$ 1196.59 in Local Tax (0.609 rate)

2010 Average House was Assessed at $100,897

$ 1195.00 Local Tax (1.18 rate)

Examples:Assessment 100,000 Local Tax 609.00Assessment 150,000 Local Tax 914.00Assessment 196,400 Local Tax 1,197.00Assessment 250,000 Local Tax 1,523.00