Carson City leaders to review lean fiscal year 2012 budget
Carson City leaders today will review the 2012 fiscal year budget, with overall spending down about 1 percent from 2011 figures.
Looking ahead to 2012, the Board of Supervisors will see a budget that serves 21 government funds with estimated expenditures of $80.5 million and 10 proprietary funds at $39.2 million, City Manager Larry Werner reports.
In the city's general fund, total revenues are expected to increase 2.79 percent from fiscal year 2011. Property tax revenue is expected to increase 5.53 percent, intergovernmental revenues, 2.9 percent and charges for services, 2.14 percent, according to the report.
Because of a 2005 law that limits the growth of property tax bills, homeowners will not see a tax increase of more than 3 percent, while tax bills for businesses may increase up to 8 percent, Werner stated in the report.
The effect of the property tax cap to the general fund was $8.3 million in fiscal year 2011 and it is estimated to be $4.7 million in fiscal year 2012. Consolidated tax revenue is the largest single source of general fund revenue, making up about 33 percent of total estimated revenue to the city, said Werner.
The city is projecting that consolidated tax revenues for fiscal 2011 will be about $775,000 higher than fiscal year 2010 actuals or about a 4.4 percent increase. For fiscal year 2012, the city estimated the fical 2011 amount will grow by 3 percent to $18.8 million.
On the expenditure side, total general fund expenditures are projected to decrease 1 percent from 2011 levels. Total general fund expenditures are projected to be $56.1 million in fiscal 2012. Salaries and benefits make up 77.9 percent of the general fund expenses, services, supplies and capital make up the remaining 22.1 percent. Estimated expenditures are:
— $13.5 million for general government
— $4.6 million for judicial
— $26 million for public safety
— $2.2 million in public works
— $1. 5 million for sanitation
— $1.7 million in health
— $385,000 in welfare
— $5.3 million for culture and recreation
— $482,000 in Community Support
Still undetermined is what affect the state's budget will have on Carson City, Werner wrote in his report.
Among some items of interest:
— Property tax revenues is expected to increase 5.5 percent.
— Salaries would remain frozen.
— A 9 percent increase in group health premiums is proposed.
— There's a $24,125 increase request over last year for Community Support funds that amounts to $482,363.
— The General Fund Ending Fund Balance at June 2012 at $2.9 million, about 5.23 percent of estimated expenditures.
— A 14 percent tentative budget rate increase goes into effect July 1 in the city's sewer fund
— A 5 percent rate increase goes into effect July 1 2011 in the city's water fund.
— Because of the economy general capital improvement projects have been put on hold through 2012.
Click here to watch live coverage of the meeting and click here for the agenda.
Supervisors will meet again Friday at 9 a.m. for a strategic planning workshop as the city's redevelopment authority. Click here for that agenda and supporting documents.
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