fiscal year 2020 – 2021 budget
TRANSCRIPT
Fiscal Year 2020 – 2021 Budget
Mayor Curt Sullivan
Council Members:Tara Cox
Doug ElrodWes Enos
Angela McKenzieBob Peffer
City Administrator Marketa Oliver
Wolf Creek
Park Side
Midstates Precast Products
RMS
Bondurant Business Park
Downtown/ParkingLittle House on MainSweet SwirlsBoxcar BBQSomewhere in the Middle
Rosenberger Property/future Cert. Site
Morris Elementary Expansion
Junior High School
Clover Barn
Bondurant 2.020Residential DevelopmentsWolf Creek Plats 11-13
Blue Jay Landing
Harvest Meadows
Quail Run/Quail West
Park Side
DR Horton
Sankey Summit II
Infrastructure & Other ProjectsNW Sewer ExtensionHighway 65 Utilities ProjectPark Side Water ExtensionWolf Creek Phase II Sewer10th Street Ext/Bridge RelocationUnderpassBRSC ExpansionTransportation PlanningComp. Stormwater PlanningRegional Master PlanTransportation Planning
Smaller infrastructure projects
CommercialDowntown/Downtown ParkingBondurant Business ParkCommercial PlatsMidstates Precast FacilityCertified SiteBondurant Industrial ParkClover BarnRMS (Road Machinery Supply)Little House on MainSweet SwirlsBoxcar BBQSomewhere in the Middle
Brick House Fitness
Bondurant Industrial Park
Harvest Meadows
BRSC Expansion
Efnor Estates Park
Mid Country Machinery
Sewer Ext.
Street Ext./Bridge
Underpass
Prairie Point View
City Hall & Library
Blue Jay Landing
Transportation Planning/Regional Stormwater/Park
Certified Site/Project Bluejay/Amazon
Regional Master Plan Area Bluejay Infrastructure
Quail West
Sankey Summit - II
Quail Run
Major Capital Investments…
Capital Investment $57,641,615
Capital Investment $57,641,615
Valuation Growth
Where money comes from…
Where money goes…
How we measure up…
Average budgeted per capita FY20 expenditure (excluding internal transfers) for these communities is $3,691.44, or
$783.59 more than the City of Bondurant
Road Use Tax…
RUT Eligible Expenses consistently outpace RUT revenue – Revenue is anticipated to increase based on Census numbers
How we measure up…
Debt Service…
This represents the City’s full outstanding obligations, including General Obligation, TIF, and Utility bonds.
How we measure up…
Average per capita outstanding obligation for the comparison group is $2,442.29, or $869.94 more than the
City of Bondurant
Proposed Rate…
Proposed Tax Rate is $1.95 LESS than last year and is possible because voters approved L.O.S.S.T. in August, 2019.
$11.78549 per thousand of
taxable valuation
Proposed Rate…
Proposed levy rate: $11.78549What will the average homeowner pay?
MEDIAN ASSESSED VALUE $220,200ROLLBACK% 55.7043TAXABLE VALUE $121,163LEVY RATE $11.78549ANNUAL CITY TAXES $1,427.97MONTHLY CITY TAXES $118.99
This is an 8.79% reduction in City property taxes for the average homeowner.
Proposed Rate…
Proposed Tax Rate is $1.95 less than last year. The average homeowner will see a decrease of 8.79%.
How we measure up…
Average FY20 for these communities is $1,705.73, or $141.68 more than the City of Bondurant
Reserve Levels
* Includes unspent bond proceeds in the total
How we measure up…
The average levy rate for the metropolitan area is $12.44603, or $0.66054 MORE than the City of Bondurant’s proposed
levy rate.
Fiscal Year 2020 – 2021 Budget
Mayor Curt Sullivan
Council Members:Tara Cox
Doug ElrodWes Enos
Angela McKenzieBob Peffer
Staff LeadershipCity Administrator Marketa Oliver
City Clerk Shelby HaganPublic Works Director John Horton
Finance Director Jene JessFire Chief Aaron Kreuder
Library Director Jill Sanders