The URL can be used to link to this page

Home My WebLink AboutD-2383-17 2018 Budget for the City of CarmelORDINANCE OR RESOLUTION FOR APPROPRIATIONS AND TAX RATES State Form 55865 (7-15) Approved by the State Board of Accounts, 2015 Prescribed by the Department of Local Government Finance Ordinance Number: D-2383-17 Budget form No. 4 Generated 9/26/2017 9:28:26 AM Be it ordained/resolved by the Carmel Civil City that for the expenses of CARMEL CIVIL CITY for the year ending December 31, 2018 the sums herein specified are hereby appropriated and ordered set apart out of the several funds herein named and for the purposes herein specified, subject to the laws governing the same. Such sums herein appropriated shall be held to include all expenditures authorized to be made during the year, unless otherwise expressly stipulated and provided for by law. In addition, for the purposes of raising revenue to meet the necessary expenses of CARMEL CIVIL CITY, the property tax levies and property tax rates as herein specified are included herein. Budget Form 4-B for all funds must be completed and submitted in the manner prescribed by the Department of Local Government Finance. This ordinance/resolution shall be in full force and effect from and after its passage and approval by the Carmel Civil City. Name of Adopting Entity / Fiscal Body Type of Adopting Entity / Fiscal Body Date of Adoption Carmel Civil City Common Council and Mayor Fund Fund Name Adopted Adopted Tax Adopted Tax Code Budget Levy Rate 0061 RAINY DAY $0 $0 0.0000 0101 GENERAL $96,129,241 $45,000,000 0.6433 0180 DEBT SERVICE $1,483,530 $1,400,000 0.0194 0341 FIRE PENSION $649,746 $0 0.0000 0342 POLICE PENSION $.592,342 $0 0.0000 0706 LOCAL ROAD & STREET $6,755,702 $0 0.0000 0708 MOTOR VEHICLE HIGHWAY $13,531,621 $7,586,718 0.1084 0907 STORM SEWER $3,241,813 $0 0.0000 1151 CONTINUING EDUCATION $125,000 $0 0.0000 2379 CUMULATIVE CAPITAL IMP (CIG TAX) $340,000 $0 0.0000 2391 CUMULATIVE CAPITAL DEVELOPMENT 2482 REDEVELOPMENT BOND $3,739,331 $3,625,000 0.0500 $2,844,000 $2,700,000 $129,432,326 $60,311,718 0.0374 0.8585 ORDINANCE OR RESOLUTION FOR APPROPRIATIONS AND TAX RATES Stale Form 55865 (7-15) Budget Form No. 4 Approved by the State Board of Accounts, 2015 Generated 9/26/2017 9:28:26 AM Prescribed by the Department of Local Government Finance Name Title Wnatu Christine S. Pauley Clerk -Treasurer MAYOR ACTION (For City use only} Name - -- Signature Date Approve // James Brainard Veto n W Motor Vehicle Highway Fund Engineer's Office 2,186,425 Street Department 11,345,196 Total $ 13,531,621 Local Road & Street $ 6,755,702 Cum Cap Improvement $ 340,000 Deferral Fund $ 194,946 User Fee/Cont Ed Fund $ 125,000 Cumulative Capital Development $ 3,739,331 Stormwater Fund $ 3,241,813 2004 Road Bond Fund $ 2,844,000 Court Records Fund $ 55,000 Public Defenders Fund $ 6,000 Judicial Salary Fee Fund $ 124,500 Police Pension Fund $ 592,342 Fire Pension Fund $ 649,746 Law Enforcement Aid Fund $ 328,350 Parks Facilities Fund $ 50,185 2016 G.O. Bonds $ 1,483,530 Rainy Day Fund $ " Total Proposed 2016 City of Carmel Budget $ 141,436,487 Budget Form 4-13 Prescribed by the Department of Local Government Finance Approved by the Stale Board of Accounts Budget Estimate- Financial Statement -Proposed Tax Rate Taxing Unit: 0323- CARMEL CIVIL CITY Fund Name: 0101 -GENERAL County: 29 - Hamilton County Year: 2018 Net Assessed Value $7,216,601,040 Funds Required For Expenses To December 31st Of Incoming Year Amount Used To Compute Published Budget Appropriating Body 1. Total budget estimate for incoming year $97,428,244 $97,428,244 2. Necessary expenditures, July 1 to December 31 of present year, to be made from appropriation unexpended $41,553,272 $41,553,272 3. Additional appropriation necessary to be made July 1 to December 31 of present year $2,181,204 $2,181,204 4. Outstanding temporary loans: a). To be paid not included in lines 2 or 3 $0 $0 b). Not repaid by December 31 of present year $0 $0 5. TOTAL FUNDS required (add lines 1,2,3,4a and 4b) $141,162,720 $141,162,720 Funds On Hand To Be Received From Sources Other Than Proposed Tax Levy Amount Used To Compute Published Budget Appropriating Body 6. Actual cash balance, June 30 of present year (including cash investments) $964,949 $964,949 7. Taxes to be collected, present year (December settlement) $16,854,934 $16,854,934 8. Miscellaneous revenue to be received July 1 of present year to December 31 of incoming year (Schedule on File): a). Total Column A Budget Form 2 $27,112,950 $27,112,950 b). Total Column B Budget Form 2 $59,405,046 $59,405,046 9. TOTAL FUNDS (Add lines 6, 7, 8a and 8b) $104,337,879 $104,337,879 10. Net amount to be raised for expenses to December 31 of incoming year (deduct line 9 from 5) $36,824,841 $36,824,841 Proposed Tax Rate and Levy Amount Used o Compute dget Appropriating Body 11. Operating balance ( not in excess of expense January 1 to June 30, less miscellaneous revenue for same period) $8,175,159 $8,175,159 12. Amount to be raised by tax levy (add lines 10 and 11) $45,000,000 $45,000,000 13a. Property Tax Replacement Credit from Local Option Tax $0 $0 13b. Operating LOIT $0 $0 14. NET AMOUNT TO BE RAISED BY TAX LEVY (deduct line 13a and 13b from line 12) $45,000,000 $45,000,000 15. Levy Excess Fund applied to current budget $0 $0 16. Net amount to be raised $45,000,000 $45,000,000 17. Net Tax Rate on each one hundred dollars of taxable property 0.6433 0.6433 Pro Tax Ca Property Ps Amount Used To Compute Published Budget Appropriating Body Property Tax Cap Impact $1,299,003 $1,299,003 Budget Form 4-13 Prescribed by the Department of Local Government Finance Approved by the State Board of Accounts Budget Estimate- Financial Statement -Proposed Tax Rate Taxing Unit: 0323 -CARMEL CIVIL CITY Fund Name: 0341 - FIRE PENSION County: 29 - Hamilton County Year: 2018 Net Assessed Value $7,216,601,604 Funds Required For Expenses To December 31st Of Incoming Year Amount Used To compute Published Budget Appropriating Body 1. Total budget estimate for incoming year $649,746 $649,746 2. Necessary expenditures, July 1 to December 31 of present year, to be made from appropriation unexpended $329,566 $329,566 3. Additional appropriation necessary to be made July 1 to December 31 of present year $0 $0 4. Outstanding temporary loans: a). To be paid not included in lines 2 or 3 $0 $0 b). Not repaid by December 31 of present year $0 $0 5. TOTAL FUNDS required (add lines 1,2,3,4a and 4b) $979,312 $979,312 Funds On Hand To Be Received From Sources Other Than Proposed Tax Levy Amount Used To Compute Published Budget Appropriating Body 6. Actual cash balance, June 30 of present year (including cash investments) $29,338 $29,338 7. Taxes to be collected, present year (December settlement) $0 $0 8. Miscellaneous revenue to be received July 1 of present year to December 31 of incoming year (Schedule on File): a). Total Column A Budget Form 2 $329,566 $329,566 b). Total Column B Budget Form 2 $641,596 $641,596 9. TOTAL FUNDS (Add lines 6, 7, 8a and 8b) $1,000,500 $1,000,500 10. Net amount to be raised for expenses to December 31 of incoming year (deduct line 9 from 5) ($21,188) ($21,188) Proposed Tax Rate and Levy AmouuntUsed o Compute dget Appropriating Body 11. Operating balance ( not in excess of expense January 1 to June 30, less miscellaneous revenue for same period) $0 $0 12. Amount to be raised by tax levy (add lines 10 and 11) $0 $0 13a. Property Tax Replacement Credit from Local Option Tax $0 $0 13b. Operating LOIT $0 $0 14. NET AMOUNT TO BE RAISED BY TAX LEVY (deduct line 13a and 13b from line 12) $0 $0 15. Levy Excess Fund applied to current budget $0 $0 16. Net amount to be raised $0 $0 17. Net Tax Rate on each one hundred dollars of taxable property 0.0000 0.0000 Pro Tax Ca IcertY Amount Used To Compute Published Budget Appropriating Body Property Tax Cap Impact $0 $0 Budget Form 4-B Prescribed by the Department of Local Government Finance Approved by the State Board of Accounts Budget Estimate- Financial Statement -Proposed Tax Rate Taxing Unit: 0323 - CARMEL CIVIL CITY Fund Name: 0706 - LOCAL ROAD & STREET County: 29 - Hamilton County Year: 2018 Net Assessed Value $7,216,601,604 Funds Required For Expenses To December 31st Of Incoming Year Amount Used To Compute Published Budget Appropriating Body 1. Total budget estimate for incoming year $6,755,702 $6,755,702 2. Necessary expenditures, July 1 to December 31 of present year, to be made from appropriation $5,152,951 $5,152,951 unexpended 13b. Operating LOIT $0 3. Additional appropriation necessary to be made July 1 to December 31 of present year $0 $0 4. Outstanding temporary loans: $0 $0 a). To be paid not included in lines 2 or 3 16. Net amount to be raised $0 b). Not repaid by December 31 of present year $0 $0 5. TOTAL FUNDS required (add lines 1,2,3,4a and 4b) $11,908,653 $11,908,653 Funds On Hand To Be Received From Sources Other Than Proposed Tax Levy Amount Used To Compute Published Budget Appropriating Body 6. Actual cash balance, June 30 of present year (including cash investments) $16,036,052 $16,036,052 7. Taxes to be collected, present year (December settlement) $0 $0 8. Miscellaneous revenue to be received July 1 of present year to December 31 of incoming year (Schedule on File): $819,155 $819,155 a). Total Column A Budget Form 2 b). Total Column B Budget Form 2 $1,779,891 $1,779,891 9. TOTAL FUNDS (Add lines 6, 7, Be and 8b) $18,635,098 $18,635,098 10. Net amount to be raised for expenses to December 31 of incoming year (deduct line 9 from 5) ($6,726,445) ($6,726,445) Proposed Tax Rate and Levy Amount Used o Compute Pubdget Appropriating Body 11. Operating balance ( not in excess of expense January 1 to June 30, less miscellaneous revenue for same period) $0 $0 12. Amount to be raised by tax levy (add lines 10 and 11) $0 $0 13a. Property Tax Replacement Credit from Local Option Tax $0 $0 13b. Operating LOIT $0 $0 14. NET AMOUNT TO BE RAISED BY TAX LEVY (deduct line 13a and 13b from line 12) $0 $0 15. Levy Excess Fund applied to current budget $0 $0 16. Net amount to be raised $0 $0 17. Net Tax Rate on each one hundred dollars of taxable property 0.0000 0.0000 Property Tax Caps Amount Used To Compute Published Budget Appropriating Body Property Tax Cap Impact j $0 $0 Budget Form 4-13 Prescribed by the Department of Local Government Finance Approved by the State Board of Accounts Budget Estimate- Financial Statement -Proposed Tax Rate Taxing Unit: 0323 -CARMEL CIVIL CITY Fund Name: 0907 - STORM SEWER County: 29 - Hamilton County Year: 2018 Net Assessed Value $7,216,601,604 Funds Required For Expenses To December 31st Of Incoming Year Amount Used To Compute Published Budget Appropriating Body 1. Total budget estimate for incoming year $3,241,813 $3,241,813 2. Necessary expenditures, July 1 to December 31 of present year, to be made from appropriation unexpended $3,477,076 $3,477,076 3. Additional appropriation necessary to be made July 1 to December 31 of present year $0 $0 4. Outstanding temporary loans: a). To be paid not included in lines 2 or 3 $0 $0 b). Not repaid by December 31 of present year $0 $0 5. TOTAL FUNDS required (add lines 1,2,3,4a and 4b) $6,718,889 $6,718,889 Funds On Hand To Be Received From Sources Other Than Proposed Tax Levy Amount Used To Compute Published Budget Appropriating Body 6. Actual cash balance, June 30 of present year (including cash investments) $2,419,154 $2,419,154 7. Taxes to be collected, present year (December settlement) $0 $0 8. Miscellaneous revenue to be received July 1 of present year to December 31 of incoming year (Schedule on File): a). Total Column A Budget Form 2 $1,634,207 $1,634,207 b). Total Column B Budget Form 2 $3,135,141 $3,135,141 9. TOTAL FUNDS (Add lines 6, 7, 8a and 8b) $7,188,502 $7,188,502 10. Net amount to be raised for expenses to December 31 of incoming year (deduct line 9 from 5) 469,613 ($ ) ($469,613) Proposed Tax Rate and Levy Amount Used o Compute dget Appropriating Body 11. Operating balance ( not in excess of expense January 1 to June 30, less miscellaneous revenue for same period) $0 $0 12. Amount to be raised by tax levy (add lines 10 and 11) $0 $0 13a. Property Tax Replacement Credit from Local Option Tax $0 $0 13b. Operating LOIT $0 $0 14. NET AMOUNT TO BE RAISED BY TAX LEVY (deduct line 13a and 13b from line 12) $0 $0 15. Levy Excess Fund applied to current budget $0 $0 16. Net amount to be raised $0 $0 17. Net Tax Rate on each one hundred dollars of taxable property 0.0000 0.0000 Pro Tax Ca Party Ps Amount Used To Compute Published Budget Appropriating Body Property Tax Cap Impact $0 $0 Budget Form 4-B Prescribed by the Department of Local Government Finance Approved by the State Board of Accounts Budget Estimate- Financial Statement -Proposed Tax Rate Taxing Unit: 0323 -CARMEL CIVIL CITY Fund Name: 2379 - CUMULATIVE CAPITAL IMP (CIG TAX) County: 29 - Hamilton County Year: 2018 Net Assessed Value $7,216,601,604 Funds Required For Expenses To December 31st Of Incoming Year Amount Used To B Compute et Appropriating Body 1. Total budget estimate for incoming year $340,000 $340,000 2. Necessary expenditures, July 1 to December 31 of present year, to be made from appropriation unexpended $267,859 $267,859 3. Additional appropriation necessary to be made July 1 to December 31 of present year $0 $0 4. Outstanding temporary loans: a). To be paid not included in lines 2 or 3 $0 $0 b). Not repaid by December 31 of present year $0 $0 5. TOTAL FUNDS required (add lines 1,2,3,4a and 4b) $607,859 $607,859 Funds On Hand To Be Received From Sources Other Than Proposed Tax Levy Amount Used To Compute Published Budget Appropriating Body 6. Actual cash balance, June 30 of present year (including cash investments) $294,526 $294,526 7. Taxes to be collected, present year (December settlement) $0 $0 8. Miscellaneous revenue to be received July 1 of present year to December 31 of incoming year (Schedule on File): a). Total Column A Budget Form 2 $111,558 $111,558 b). Total Column B Budget Form 2 $204,106 $204,106 9. TOTAL FUNDS (Add lines 6, 7, 8a and 8b) $610,190 $610,190 10. Net amount to be raised for expenses to December 31 of incoming year (deduct line 9 from 5) ($2,331) ($2,331) Proposed Tax Rate and Levy Amount Used To Compute Published Budget Appropriating Body 11. Operating balance ( not in excess of expense January 1 to June 30, less miscellaneous revenue for same period) $0 $0 12. Amount to be raised by tax levy (add lines 10 and 11) $0 $0 13a. Property Tax Replacement Credit from Local Option Tax $0 $0 13b. Operating LOIT $0 $0 14. NET AMOUNT TO BE RAISED BY TAX LEVY (deduct line 13a and 13b from line 12) $0 $0 15. Levy Excess Fund applied to current budget $0 $0 16. Net amount to be raised $0 $0 17. Net Tax Rate on each one hundred dollars of taxable property 0.0000 0.0000 Property Tax Caps Amount Used o Compute Appropriating Body Property Tax Cap Impact $0 $0 Budget Form 4-13 Prescribed by the Department of Local Government Finance Approved by the State Board of Accounts Budget Estimate- Financial Statement -Proposed Tax Rate Taxing Unit: 0323 -CARMEL CIVIL CITY Fund Name: 2482 - REDEVELOPMENT BOND County: 29 - Hamilton County Year: 2018 Net Assessed Value $7,216,601,604 Funds Required For Expenses To December 31st Of Incoming Year Amount Used To Compute Published Budget Appropriating Body 1. Total budget estimate for incoming year $2,844,000 $2,844,000 2. Necessary expenditures, July 1 to December 31 of present year, to be made from appropriation unexpended $0 $0 3. Additional appropriation necessary to be made July 1 to December 31 of present year $0 $0 4. Outstanding temporary loans: a). To be paid not included in lines 2 or 3 $0 $0 b). Not repaid by December 31 of present year $0 $0 5. TOTAL FUNDS required (add lines 1,2,3,4a and 4b) $2,844,000 $2,844,000 Funds On Hand To Be Received From Sources Other Than Proposed Tax Levy Amount Used To Compute Published Budget Appropriating Body 6. Actual cash balance, June 30 of present year (including cash investments) ($876,082 ($876,082 7. Taxes to be collected, present year (December settlement) $1,370,897 $1,370,897 8. Miscellaneous revenue to be received July 1 of present year to December 31 of incoming year (Schedule on File): a). Total Column A Budget Form 2 $142,490 $142,490 b). Total Column B Budget Form 2 $249,980 $249,980 9. TOTAL FUNDS (Add lines 6, 7, 8a and 8b) $887,285 $887,285 10. Net amount to be raised for expenses to December 31 of incoming year (deduct line 9 from 5) $1,956,715 $1,956,715 Proposed Tax Rate and Levy Amount Used To Compute Published Budget Appropriating Body 11. Operating balance ( not in excess of expense January 1 to June 30, less miscellaneous revenue for same period) $743,285 $743,285 12. Amount to be raised by tax levy (add lines 10 and 11) $2,700,000 $2,700,000 13a. Property Tax Replacement Credit from Local Option Tax $0 $0 13b. Operating LOIT $0 $0 14. NET AMOUNT TO BE RAISED BY TAX LEVY (deduct line 13a and 13b from line 12) $2,700,000 $2,700,000 15. Levy Excess Fund applied to current budget $0 $0 16. Net amount to be raised $2,700,000 $2,700,000 17. Net Tax Rate on each one hundred dollars of taxable property 0.0374 0.0374 Property Tax Caps Amount Used To Compute Published Budget Appropriating Body Property Tax Cap Impact $0 $0