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The original item was published from 8/18/2021 2:47:46 PM to 8/18/2021 2:59:31 PM.

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City Administrator

Posted on: August 18, 2021

[ARCHIVED] Notice of Public Budget Hearing and Intent to Exceed Revenue Neutral Rate Hearing

 

NOTICE OF BUDGET HEARING







2022
The governing body of 
City of Valley Center
will meet on 9/7/2021 at 7:00 P.M. at City Hall - 121 S. Meridian Valley Center KS 67147 for the purpose of hearing and
answering objections of taxpayers relating to the proposed use of all funds and the amount of ad valorem tax.
Detailed budget information is available at City Hall - 121 S. Meridian Valley Center KS 67147 and will be available at this hearing.
BUDGET SUMMARY
Proposed Budget 2022 Expenditures and Amount of 2021 Ad Valorem Tax establish the maximum limits of the 2022 budget.
Estimated Tax Rate is subject to change depending on the final assessed valuation.









Prior Year Actual for 2020Current Year Estimate for 2021Proposed Budget for 2022


Actual
ActualBudget AuthorityAmount of 2021Estimate
     FUND ExpendituresTax Rate * ExpendituresTax Rate *for ExpendituresAd Valorem TaxTax Rate *
General3,060,10423.0523,090,45122.7144,272,4021,283,99521.691
Debt Service2,071,66811.5012,143,63714.5293,104,135859,15414.514
Library274,7024.504270,0474.505325,500266,3774.500
Employee Benefit879,89414.884994,76912.2631,204,998787,70613.307
Emergency Equipment37,3201.01463,8501.001204,21559,1941.000
  






  






  






  






  






  






  






  






Special Highway925,281
767,568
977,350

TIF  
  
2,200,000

Special Alcohol43,002
5,000
5,000

Special Parks and Rec  
31,000
5,000

Pool/Rec Sales Tax  
  
650,000

    
  
  

  






  






  






  






  






  






Water Utility1,973,250
2,230,450
2,163,950

Sanitary Sewer Utility1,215,575
1,307,689
1,353,689

Storm Water Utility287,744
321,000
321,000

Solid Waste Utility494,976
684,500
609,780

Non-Budgeted Funds-A10,512,823





Non-Budgeted Funds-B613,098





Non-Budgeted Funds-C2,360





Non-Budgeted Funds-D  





Totals22,391,79754.95511,909,96155.01217,397,0193,256,42655.012
Revenue Neutral Rate**
53.192
Less: Transfers966,500
1,476,500
1,519,600

Net Expenditure21,425,297
10,433,461
15,877,419

Total Tax Levied2,953,446
3,148,678
x

Assessed 






Valuation53,741,900
57,236,412
59,194,838









Outstanding Indebtedness,






  January 1,2019
2020
2021

G.O. Bonds16,935,000
24,065,000
22,620,000

Revenue Bonds0
0
0

Other1,835,110
1,671,503
1,503,765

Lease Purchase Principal0
150,004
150,004

     Total18,770,110
25,886,507
24,273,769

  *Tax rates are expressed in mills





**Revenue Neutral Rate as defined by 2021 Kansas Senate Bill 13











Barry Smith





City Official Title: Assistant City Administrator













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