D-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