Public-Notice-2024-Budget

CITY OF WAUPACA NOTICE OF PUBLIC HEARING 2024 ANNUAL PROPERTY TAX LEVY AND BUDGET PLEASE TAKE NOTICE that a public hearing is being held before the Common Council of the City of Waupaca on Tuesday, November 21, 2023 at 6:00 p.m. or as soon thereafter as the matter can be heard in Council Chambers of the City Hall of the City of Waupaca, 111 S Main St, Waupaca, Wisconsin. The purpose of the public hearing is to solicit public comment on the City’s 2024 Annual Property Tax Levy and Budget. A copy of the proposed 2024 Annual Budget is available for public inspection in the office of the City Clerk in the City Hall during normal business hours. The City has met the requirements of Wisconsin Statute 65.90(3)(a) by posting this notice in four public places. PLEASE TAKE FURTHER NOTICE that at such time and place, any interested party may appear in person, by attorney or agent, and be heard on these matters. A summary of the proposed budget and tax levy is listed below. The City may elect to change the proposed budget and tax levy prior to the public hearing. The schedules below summarize the 2024 budget as it is proposed. Significant Changes: The 2024 budget imposes an increase ($540,120) in the tax levy from 2023 to 2024 which is in compliance with the State’s Levy Limit. Of this increase, $496,622 is tied to debt service to help pay for recent capital projects . There are minor personnel changes taking effect in 2024 which consist of adjusting our Grant Writer position from part-time to full-time and reducing our Deputy Clerk position from full -time to part-time. The 2024 budget and services continue to be maintained when compared to 2023, apart from a slight increase of subsidy to the Library Fund in order to support operational expenses. An increase in Intergovernmental Revenues (State Aids) and other revenue sources allowed for a 4% wage increase for City Employees, while other employee benefit costs remained the same or with a slight change with the exception of costs associated with health insurance which rose substantially by 15%. Stephanie Reif, Finance Director/Treasurer Posted: November 13, 2023 Published: November 16, 2023 2020 2021 2022 12/31/2023 2023 2024 DOLLAR % CHANGE AMENDED GENERAL FUND ACTUAL ACTUAL ACTUAL ESIMATED BUDGET BUDGET CHANGE 2023-2024 REVENUES TAXES 3,801,021$ 3,840,810$ 3,832,476$ 4,153,190$ 4,152,945$ 4,693,071$ 540,126 13.01% INTERGOVERNMENTAL REVENUES 1,627,783 1,560,204 1,642,550 1,666,935 1,668,093 1,960,468 292,376 17.53% LICENSES & PERMITS 387,705 472,492 320,173 370,364 341,633 302,133 (39,500) (11.56%) FINES & FORFEITURES 57,078 70,505 54,970 53,000 68,500 55,600 (12,900) (18.83%) PUBLIC CHARGES FOR SERVICES 89,982 133,179 154,171 149,872 121,100 132,600 11,500 9.50% INTERGOVERNMENTAL CHARGES 120,581 145,341 164,429 143,870 137,839 193,872 56,033 40.65% MISCELLANEOUS REVENUE 201,683 136,151 152,902 366,767 147,305 236,855 89,550 60.79% OTHER SOURCES 620,181 629,974 680,506 577,509 679,163 592,000 (87,163) (12.83%) TOTAL REVENUES 6,906,014 6,988,656 7,002,179 7,481,508 7,316,577 8,166,599 850,022 11.62% EXPENDITURES General Government 1,313,274$ 1,453,605$ 1,360,019$ 1,434,333$ 1,472,064$ 1,581,974$ 109,910 7.47% Public Safety 1,950,903 2,085,569 2,183,618 2,199,003 2,198,937 2,295,828 96,891 4.41% Public Works 907,619 917,132 908,028 1,226,839 1,257,845 1,312,828 54,983 4.37% Health and Social Services 78,886 80,822 75,164 77,325 77,873 81,018 3,145 4.04% Park & Recreation 547,357 604,957 625,315 700,957 626,108 676,318 50,210 8.02% Other Financing Uses 1,630,293 1,595,699 1,510,446 1,683,752 1,683,752 2,201,342 517,590 30.74% TOTAL EXPENDITURES 6,428,332 6,737,784 6,662,590 7,322,209 7,316,577 8,149,308 832,729 11.38% REVENUES LESS EXPENDITURES 59,549$ (69,878)$ (189,087)$ 159,299$ 0$ 17,291$ BEGINNING FUND BALANCE 2,173,907$ 2,233,456$ 2,163,578$ 1,974,491$ 1,974,491$ 2,133,790$ ENDING FUND BALANCE 2,233,456$ 2,163,578$ 1,974,491$ 2,133,790$ 1,974,491$ 2,151,082$ 46.5% 42.1% 38.3% 37.8% 35.1% 36.2% 2020 2021 2022 12/31/2023 2023 2024 DOLLAR % CHANGE OTHER FUNDS ACTUAL ACTUAL ACTUAL ESTIMATED BUDGET BUDGET CHANGE 2023-2024 REVENUES Special Revenue Funds Hotel/Motel 199,014 304,992 381,618 281,500 275,500 275,500 - 0.00% Airport 171,374 237,109 296,405 320,239 251,500 289,950 38,450 15.29% Transit 482,557 530,068 544,590 569,313 591,096 516,582 (74,514) (12.61%) Refuse/Recycling 295,288 284,867 287,040 287,040 - 0.00% Library 771,402 796,680 791,322 852,031 824,116 834,788 10,672 1.29% Adult Recreation Programs 4,434 10,874 15,591 18,000 18,000 19,875 1,875 10.42% Youth Programs 243,714 271,164 298,370 303,032 276,537 301,537 25,000 9.04% Inland Lakes 24,447 10,000 10,000 13,755 10,000 10,000 - 0.00% Debt Service 1,278,449 1,390,673 2,313,966 1,165,500 1,165,500 1,662,122 496,622 42.61% Capital Project Fund 4,475,171 278,509 9,068,114 5,642,145 1,500,000 1,402,000 (98,000) (6.53%) TIF Districts #3 - #12 4,459,524 2,654,734 3,506,728 2,002,672 1,494,229 2,031,259 537,030 35.94% TOTAL REVENUES 12,110,085$ 6,484,803$ 17,521,992$ 11,453,054$ 6,693,518$ 7,630,653$ 937,135$ 14.00% EXPENDITURES Special Revenue Funds Hotel/Motel 138,269 370,387 232,459 312,572 259,600 275,500 15,900 6.12% Airport 188,367 245,373 284,162 311,639 251,500 289,950 38,450 15.29% Transit 528,400 513,250 532,329 546,703 628,136 631,670 3,534 0.56% Refuse/Recycling 242,642 284,867 287,040 287,040 - 0.00% Library 779,703 775,638 788,718 824,831 824,116 879,319 55,203 6.70% Adult Recreation Programs 4,447 10,354 17,124 20,771 18,777 20,177 1,400 7.46% Youth Programs 205,915 269,977 298,428 333,465 274,038 301,537 27,499 10.03% Inland Lakes 11,040 11,687 7,286 8,600 8,600 10,200 1,600 18.60% Debt Service 1,559,580 1,234,226 1,417,313 1,959,504 1,959,504 1,662,121 (297,383) (15.18%) Capital Project Fund 2,158,064 1,664,444 2,744,877 6,506,045 12,096,430 1,177,000 (10,919,430) (90.27%) TIF Districts #3 - #12 3,945,477 2,448,852 4,560,648 2,182,933 1,136,025 2,337,162 1,201,137 105.73% TOTAL EXPENDITURES 9,519,263$ 7,544,189$ 11,125,986$ 13,291,930$ 17,743,766$ 7,871,676$ (9,872,090)$ (55.64%) Dollar Amt Percent Taxing Fund 2020 2021 2022 2023 2024 Inc / (Dec) Change General 1,769,521$ 1,702,644$ 1,747,551$ 1,955,466$ 1,977,996$ 22,530$ 1.15% Library 339,554$ 346,554$ 346,554 346,554 367,522 20,968$ 6.05% Transit 10,000 10,000 10,000 10,000 10,000 -$ 0.00% Airport 60,000 83,250 83,890 60,000 60,000 -$ 0.00% Youth Program 102,323$ 102,323$ 101,698$ 101,698$ -$ 0.00% Debt Service 1,070,034 1,070,034 1,051,569 1,165,500 1,662,122 496,622$ 42.61% Total Tax Levy 3,249,109$ 3,314,805$ 3,341,887$ 3,639,218$ 4,179,338$ 540,120$ 14.84%