Benzie County Benchmarking phase II

Transcription

Benzie
County
April 28, 2016
Benzie County is located in
northwest lower Michigan,
bordering Lake
Michigan. Benzie County
boasts over 100 lakes,
several square miles of State
forests, and miles of pristine
rivers. With a population of
just under 18,000, Benzie
County opens its doors to
visitors year-round for water
sports, fishing, skiing,
snowmobiling, hunting, and
fall colors.
Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617
Benzie County is an Equal Opportunity Employer.
1
Benchmark Benzie!
Part B: Revenues
April 28, 2016
2
Author and Assistance
• Mitch Deisch
•
•
•
Benzie County Administrator
County of Benzie, Michigan
Administrator Department
• [email protected]
•
http://www.benzieco.net/
• Kurt H. Schindler, AICP
•
•
Senior Educator, Government
and Public Policy
Michigan State University
Extension, Benzie County
•
msue.msu.edu and
lu.msue.msu.edu
April 28, 2016
 With assistance from:
• John Amrhein, Educator,
Government and Public
Policy, MSU Extension
• Tom Longanbach, Benzie
County Equalization Director
• Mary Schulz, Assistant
Director MSU Center for
Local Government Finance
and Policy Institute
• Dr. Eric Scorsone,
Director, MSU Center for
Local Government Finance
and Policy Institute
3
Today’s Presenters
• Mitch Deisch
• Benzie County Administrator
• County of Benzie, Michigan
• Administrator Department
• http://www.benzieco.net/
April 28, 2016
4
What we will cover
• County’s Millage
• County’s property tax revenues in more
detail
• County’s non-property tax revenues in
more detail
• Future Considerations
April 28, 2016
6
Benchmark Benzie!
• Future Benchmarking Benzie! Presentations:
• A. Comparison of census geography millage, etc.
• B. Comparison of revenues
• C. Comparison of benefits
• Retirement (MERS) benefits
• Health Insurance benefits
• D. Comparison of Economic development services
and county costs for these services
April 28, 2016
7
County’s millage
April 28, 2016
8
Operating millage
Projections
6.0000
5.0000
4.0000
3.0000
2.0000
1.0000
0.0000
Mills
April 28, 2016
Expon. (Mills)
9
County’s property tax
revenues in more detail
April 28, 2016
10
Taxable Value Breakdown
Year
Demolition
New
Construction
Net Change New
Construction
Taxable Value
2004
2,661,601
30,175,394
27,513,793
805,938,284
2005
6,902,100
32,890,053
25,987,953
868,892,580
2006
7,932,344
30,360,366
22,428,022
940,001,073
2007
4,409,564
26,842,161
22,432,597
1,004,705,665
2008
4,644,486
22,108,099
17,463,613
1,055,045,531
2009
4,653,008
22,546,049
17,893,041
1,112,924,614
2010
3,622,842
16,868,222
13,245,380
1,082,492,562
2011
4,210,170
12,549,317
8,339,147
1,075,381,686
2012
4,263,956
16,539,830
12,275,874
1,086,800,562
2013
4,075,102
13,398,570
9,323,468
1,098,907,858
2014
9,025,302
14,810,020
5,784,718
1,119,687,264
2015
5,699,527
16,849,084
11,149,557
1,147,594,711
April 28, 2016
11
Headlee Millage reduction fraction
explained
Headlee formula:
Prior year Taxable Value - Lossess) x
Consumers Price Index
Current year Taxable Value - Additions
=
Headlee millage reduction fraction
April 28, 2016
12
April 28, 2016
3% growth
74% growth
49% growth
Taxable Value History
13
Growth in Revenue is Dependent on New
Construction
45,000,000
40,000,000
35,000,000
30,000,000
25,000,000
20,000,000
15,000,000
10,000,000
5,000,000
0
Demolition
April 28, 2016
New Construction
14
Growth in Revenue is Dependent on New
Construction
15.00%
10.00%
5.00%
0.00%
-5.00%
-10.00%
TV change w/o New Construction
April 28, 2016
Overall TV change
15
Projected Trending
Taxable Value (+3%) & Headlee factor (.989)
2056 Projected
3.85 Billion TV
2.2331 mills
April 28, 2016
16
Very Long Term Projected Trending
Taxable Value in Millions
800,000
600,000
400,000
6.0000
5.0000
2015 Revenue $4,071,597
2233 Revenue $231,788,686
3.0000
2.0000
200,000
1.0000
0.0000
1983
1993
2003
2013
2023
2033
2043
2053
2063
2073
2083
2093
2103
2113
2123
2133
2143
2153
2163
2173
2183
2193
2203
2213
2223
2233
0
4.0000
SEV/TV
Mills
2233 Projected
743 Billion TV
.3118 mills
April 28, 2016
17
Projected Trending Revenue
2056 Projected Revenue
Versus Inflation (purchasing power)
April 28, 2016
18
Projected Trending
6.0000
$8,000,000
5.0000
2.0000
1.0000
Revenues
2055
2051
2047
2043
2039
2035
0.0000
2031
2027
2023
2019
2015
2011
2007
2003
1999
2015 Revenue $4,071,597
1995
$0
3.0000
1991
$2,000,000
4.0000
1987
$4,000,000
1983
$6,000,000
Projected Revenue
$10,000,000
Mills
3.85 Billion x 2.2331 mills = $8,610,213
April 28, 2016
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Very Long Term Projected Trending
$200,000,000
$50,000,000
$0
Projected Revenue
$100,000,000
5.0000
2015 Revenue $4,071,597
4.0000
3.0000
2.0000
1.0000
0.0000
1983
1994
2005
2016
2027
2038
2049
2060
2071
2082
2093
2104
2115
2126
2137
2148
2159
2170
2181
2192
2203
2214
$150,000,000
6.0000
Revenues
Mills
536 Billion x .35211 mills = $189,064,991
April 28, 2016
20
Active Housing Market
MiPlace Placemaking Curriculum & Michigan Placemaking Guidebook -- Source: Logan, RCLCO, 2012.
County’s non-property tax
revenues in more detail
April 28, 2016
22
Full revenue picture
Property Tax $4,030,812
State Grants
Transfer In
Court fees
Refund Rebate
Deeds
All other
PILT
Public Saftey
$48,854.00
$55,533.00
$57,465.00
$79,367.00
$113,409.00
$251,737.00
$40,000.00
$35,511.00
$30,812.00
$28,353.00
$258,468.00
$361,274.00
$497,387.00
Use Adm fees
Services
Sheriff
License Permits
Federal Grants $28,353
April 28, 2016
23
Revenue picture (not including
property tax
State Grants $497,387
Transfer In
Court fees
Refund Rebate
Deeds
All other
$35,511.00
$40,000.00
$48,854.00
$55,533.00
$57,465.00
$79,367.00
$30,812.00
$28,353.00
PILT
$113,409.00
Public Saftey
Use Adm fees
Services
Sheriff
$251,737.00
License Permits
Federal Grants $28,353
April 28, 2016
$258,468.00
$361,274.00
24
Revenue: Non business Licenses &
Permits
(Source: 2015 Michigan Treasury F-65 reports)
April 28, 2016
$10,976
$0.00
$13,846
$99,622
$32,465
$100,000.00
$88,617
$200,000.00
$30,812
$300,000.00
$27,003
$400,000.00
$35,882
$500,000.00
$162,448
$533,892
$600,000.00
25
Revenue: Federal Grants
(*No data available)
April 28, 2016
$486,802
$422,414
$600,000.00
$500,000.00
$400,000.00
$300,000.00
$200,000.00
$100,000.00
$0.00
$28,353
26
Revenue: PILT (swamp tax, forest
reserve (*No data available)
April 28, 2016
$260
$43,856
$49,215
$70,000.00
$60,000.00
$50,000.00
$40,000.00
$30,000.00
$20,000.00
$10,000.00
$0.00
$57,465
27
Revenue: Public Safety
(*no data available)
$52,839
$100,000.00
$221,688
$180,810
$200,000.00
$55,533
$300,000.00
$102,239
$400,000.00
$76,017
$408,164
$500,000.00
$262,835
$0.00
April 28, 2016
28
Revenue: State Grants (other
general) (*No data available)
April 28, 2016
$410,873
$246,376
$258,043
$252,776
$600,000.00
$500,000.00
$400,000.00
$300,000.00
$200,000.00
$100,000.00
$0.00
$497,387
29
Revenue: State Revenue Sharing
April 28, 2016
$227,068
$256,260
$350,000.00
$300,000.00
$250,000.00
$200,000.00
$150,000.00
$100,000.00
$50,000.00
$0.00
$321,047
30
Revenue: Non business Licenses &
Permits
April 28, 2016
$10,976
$13,846
$99,622
$27,003
$35,882
$162,448
$32,465
$88,617
$30,812
$600,000.00
$500,000.00
$400,000.00
$300,000.00
$200,000.00
$100,000.00
$0.00
$533,892
31
Revenue: Court Ordered Fees &
Charges (*No data available)
$0.00
April 28, 2016
$6,650
$500,000.00
$400,912
$1,000,000.00
$258,468
$1,500,000.00
$231,926
$2,000,000.00
$294,954
$2,291,562
$2,500,000.00
32
Revenue: Register of Deeds
April 28, 2016
$83,659
$189,253
$158,294
$990,413
$390,933
$295,260
$1,200,000.00
$1,000,000.00
$800,000.00
$600,000.00
$400,000.00
$200,000.00
$0.00
$113,409
33
Revenue: Police/Sheriff
April 28, 2016
$14,344
$1,500
$121,534
$93,240
$168,689
$35,511
$1,400,000.00
$1,200,000.00
$1,000,000.00
$800,000.00
$600,000.00
$400,000.00
$200,000.00
$0.00
$1,172,961
34
Revenue: All Other Services
Rendered Charges
April 28, 2016
$67,503
$39,861
$21,233
$0.00
$82,747
$200,000.00
$92,362
$400,000.00
$40,000
$600,000.00
$53,219
$800,000.00
$351,581
$849,862
$1,000,000.00
$550,202
35
Revenue: All Other Sales, Use &
Admission Fees (*No data available)
April 28, 2016
$43,893
$48,648
$48,854
$500,000.00
$400,000.00
$300,000.00
$200,000.00
$100,000.00
$0.00
$456,653
36
Revenue: All Other Refunds &
Rebates (*No data available)
April 28, 2016
$158,550
$309,414
$128,038
$411,377
$840,529
$1,000,000.00
$800,000.00
$600,000.00
$400,000.00
$200,000.00
$0.00
$251,737
37
Revenue: Transfers In (to General
Fund from another county fund)
April 28, 2016
$1,135,905
$1,055,835
$684,123
$596,928
$1,606,715
$2,394,998
$666,630
$1,213,176
$589,684
$3,000,000.00
$2,500,000.00
$2,000,000.00
$1,500,000.00
$1,000,000.00
$500,000.00
$0.00
$361,274
38
No Revenue, but other counties have:
General Government Excluding
Revenue Sharing (*No data available)
April 28, 2016
$1,104,841
$362,497
$1,124,721
$77,581
$697,954
$1,237,137
$364,853
$360,941
$1,400,000.00
$1,200,000.00
$1,000,000.00
$800,000.00
$600,000.00
$400,000.00
$200,000.00
$0.00
$148,090
39
Statutory Court Fees & Costs
$724,822
$73,955
$200,000.00
$96,146
$400,000.00
$108,037
$600,000.00
$342,526
$800,000.00
$519,446
$0.00
April 28, 2016
40
All Fines, Penalties & Forfeits
April 28, 2016
$920
$32,045
$48,829
$3,152
$4,110
$3,365
$2,600
$47,589
$140,000.00
$120,000.00
$100,000.00
$80,000.00
$60,000.00
$40,000.00
$20,000.00
$0.00
$118,070
41
Future Considerations
April 28, 2016
42
For Future Consideration
• Benzie County has a solid Taxable Value.
• Benzie County Allocated Operating millage
rate is the lowest among the benchmark
counties, while Benzie County voted
millage’s are the highest among the
benchmark counties.
April 28, 2016
43
• Taxable Value, while stable is not
anticipated to rise approximately 1% per
year for the next several years.
• New development is the only true growth
sector for Benzie County general fund
revenue. New construction is no included
in the Headlee rollback calculation.
April 28, 2016
44
• Unpredictable market increases (MERS,
Health Insurance, etc.)will continue to
outpace general fund revenue.
• Absent substantive changes, Benzie
County should anticipate continued
financial pressures on the general fund
budget.
April 28, 2016
45
• Balanced Budget
•
Proposed budget vs Estimated budget needs
= Desired new revenue funding
• Declining Revenue Stream
• Additional millage will be required in future
years.
April 28, 2016
46
• Extra Voted Millage’s
• Does the Millage cover all operating cost?
• Is the General Fund subsidizing operations
that are covered under extra voted millage.
• Services provided
• Best bang for tax dollars? Privatization?
• Authorities and inter county agreements.
April 28, 2016
47
What we covered
• County’s Millage
• County’s property tax revenues in more
detail
• County’s non-property tax revenues in
more detail
• Future Considerations
April 28, 2016
48
Thank you
• Mitch Deisch
• Benzie County Administrator
• County of Benzie, Michigan
• Administrator Department
• http://www.benzieco.net/
April 28, 2016
49
Benzie
County
April 28, 2016
Benzie County is located in
northwest lower Michigan,
bordering Lake
Michigan. Benzie County
boasts over 100 lakes,
several square miles of State
forests, and miles of pristine
rivers. With a population of
just under 18,000, Benzie
County opens its doors to
visitors year-round for water
sports, fishing, skiing,
snowmobiling, hunting, and
fall colors.
50

Benzie County Benchmarking phase II

Transcription

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