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The original item was published from 8/18/2021 3:00:00 PM to 9/8/2021 12:05:01 AM.
News Flash
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 |
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| 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. |
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| Prior Year Actual for 2020 | Current Year Estimate for 2021 | Proposed Budget for 2022 |
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| Actual |
| Actual | Budget Authority | Amount of 2021 | Estimate |
| FUND | Expenditures | Tax Rate * | Expenditures | Tax Rate * | for Expenditures | Ad Valorem Tax | Tax Rate * |
| General | 3,060,104 | 23.052 | 3,090,451 | 22.714 | 4,272,402 | 1,283,995 | 21.691 |
| Debt Service | 2,071,668 | 11.501 | 2,143,637 | 14.529 | 3,104,135 | 859,154 | 14.514 |
| Library | 274,702 | 4.504 | 270,047 | 4.505 | 325,500 | 266,377 | 4.500 |
| Employee Benefit | 879,894 | 14.884 | 994,769 | 12.263 | 1,204,998 | 787,706 | 13.307 |
| Emergency Equipment | 37,320 | 1.014 | 63,850 | 1.001 | 204,215 | 59,194 | 1.000 |
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| Special Highway | 925,281 |
| 767,568 |
| 977,350 |
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| TIF | |
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| 2,200,000 |
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| Special Alcohol | 43,002 |
| 5,000 |
| 5,000 |
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| Special Parks and Rec | |
| 31,000 |
| 5,000 |
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| Pool/Rec Sales Tax | |
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| 650,000 |
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| Water Utility | 1,973,250 |
| 2,230,450 |
| 2,163,950 |
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| Sanitary Sewer Utility | 1,215,575 |
| 1,307,689 |
| 1,353,689 |
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| Storm Water Utility | 287,744 |
| 321,000 |
| 321,000 |
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| Solid Waste Utility | 494,976 |
| 684,500 |
| 609,780 |
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| Non-Budgeted Funds-A | 10,512,823 |
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| Non-Budgeted Funds-B | 613,098 |
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| Non-Budgeted Funds-C | 2,360 |
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| Non-Budgeted Funds-D | |
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| Totals | 22,391,797 | 54.955 | 11,909,961 | 55.012 | 17,397,019 | 3,256,426 | 55.012 |
| Revenue Neutral Rate** |
| 53.192 |
| Less: Transfers | 966,500 |
| 1,476,500 |
| 1,519,600 |
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| Net Expenditure | 21,425,297 |
| 10,433,461 |
| 15,877,419 |
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| Total Tax Levied | 2,953,446 |
| 3,148,678 |
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| Assessed |
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| Valuation | 53,741,900 |
| 57,236,412 |
| 59,194,838 |
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| Outstanding Indebtedness, |
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| January 1, | 2019 |
| 2020 |
| 2021 |
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| G.O. Bonds | 16,935,000 |
| 24,065,000 |
| 22,620,000 |
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| Revenue Bonds | 0 |
| 0 |
| 0 |
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| Other | 1,835,110 |
| 1,671,503 |
| 1,503,765 |
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| Lease Purchase Principal | 0 |
| 150,004 |
| 150,004 |
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| Total | 18,770,110 |
| 25,886,507 |
| 24,273,769 |
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| *Tax rates are expressed in mills |
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| **Revenue Neutral Rate as defined by 2021 Kansas Senate Bill 13 |
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| Barry Smith |
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| City Official Title: Assistant City Administrator |
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