RES 2001-2224 - Taxable valuces on tangible properties increased in 2002 budget I
' OMAHA,n,Fe Finance Department
RECEIVED
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o� ED FEBR°r y O M A H A, N E 1 R A S f(4 Stanley P.Timm
City of Omaha Director
Mike Fahey,Mayor Allen R.Herink
Acting City Comptroller
Honorable President
and Members of the City Council,
Submitted for your consideration is a Resolution to provide for anticipated revenues and
appropriations to service the areas annexed to the City effective August 1, 2001. The ordinances
annexing the respective areas were passed by the City Council on July 16, 2001. The
annexations' expected revenues will be applied to the added expenditures and debt service for
these annexed areas.
The Resolution sets out the annexed taxable values $52,431,672 to be added to the recommended
2002 Budget.
By adding the annexed valuation, the City will receive additional net property tax revenue in the
aggregate amount of$225,742 for distribution to the Debt Service Fund. To provide the proper
distribution, an adjustment to the individual fund tax levies needs to be included in the final tax
levy certification resolution. The 2002 tax levy adjustment is shown below:
Tax Levy Adjustment
Recommended Revised
2002 Budget Annexation 2002
(cents per hundreds) Adjustment Budget
General 25.265 (.317) 24.948
Debt Service 17.050 .317 17.367
Redevelopment .894 -- .894
Judgment Levy .814 -- .814
Total 44.023 -- 44.023
•
Honorable President
, and Members of the City Council
Page 2
In addition to the property tax adjustment, additional revenues are being added by this
Resolution which are as follows:
City sales and use tax $697,463
Motor Vehicle Taxes $ 4,974
City motor vehicle registration fees (Wheel Tax) $ 2,805
Special Assessment(Debt Service Fund) $ 30,760
In addition to the revenues outlined above, $963,942 of appropriations are included to provide
the additional services required and to provideffor Debt Service payments. A listing of the
various departments/divisions and the related appropriation increases are detailed below:
PARKS
The Parks Division appropriation provides an allotment for the maintenance of the annexed
areas'rights-of-way and tree care maintenance.
POLICE
The Police Depaitiiient appropriation provides an allotment which will enable the department to
provide police services to the annexed areas. This appropriation is based on the population of
the annexed area.
STREET MAINTENANCE
The Street Maintenance Division appropriation provides an allotment for the maintenance of
streets and for snow removal.
TRAFFIC ENGINEERING
The Traffic Engineering Division appropriation provides for maintenance and repair of traffic
signals and control signs.
STREET LIGHTING
An appropriation has been provided in the Street Lighting Account for existing contracts with
Omaha Public Power District for street lights in the annexed areas. The cost is estimated to be
$49,734.
SOLID WASTE DISPOSAL
The Solid Waste Disposal Account appropriation provides $15,450 for the solid waste pick-up
contract.
• Honorable President
and Members of the City Council
Page 3
SEWER MAINTENANCE
The Sewer Maintenance Division appropriations provide for the maintenance of sewer lines in
the annexed areas.
CAPITAL/INFRASTRUCTURE IMPROVEMENTS
Several needed capital improvements were identified by the Public Works and the Parks,
Recreation and Public Property Depaitiiients during the review of this annexation package. Most
areas in this annexation plan are relatively new and are still in the process of designing and
completing some infrastructure projects. They include: , Western Spring (411) — trail
improvements ($81,000) and intersection improvements in 2002 or 2003 ($500,000); Ridgeview
(450) — future traffic signals in 2003 or 2004 ($200,000) and sediment removal ($250,000); and
Hillsborough (409) — drainage improvements ($500,000). It must be noted that these costs are
estimates.
When the timeline and final scope for these projects is finalized, the City will oversee these
projects through the normal procurement process.These projects may be funded though a variety
of different sources. When Sanitary Improvement Districts (SIDs) are annexed by the City, the
City receives all of the SID's assets. Any assets received by the City may be used to fund these
projects. Any projects not funded by the transfer of these assets will be included in the City's
Capital Improvement Plan. Actual funding for these projects will be determined at that time.
Although the City may fund these projects at a later date, it must be taken into account the City
did not assume the debt of these projects at the time of annexation.
CITY TREASURER
The City Treasurer's Account is required by State Statutes. It provides that as taxes, assessments
and fees are collected by the County Treasurer, the Treasurer shall be compensated 1 or 1%2 or
2% accordingly.
DEBT SERVICE FUND
The Debt Service Fund appropriation in the amount of$266,026 will provide for the bonds and
$433,068 for interest payments related to the annexed areas for 2002.
Respectfully submitted, Referred to City Council for Consideration:
�� sJz31o, dficD)ate e Date
Finance Direc or
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C-25A CITY OF OMAHA
•
LEGISLATIVE CHAMBER
• Omaha,Nebr
RESOLVED BY THE CITY COUNCIL OF THE CITY OF OMAHA:
WHEREAS, the City Council of the City of Omaha did review and adopt
ordinances annexing ten areas into the city limits of the City of Omaha and that the Mayor of the
City of Omaha did approve said annexations; and,
WHEREAS, said areas became a part of the City of Omaha on August 1, 2001;
and,
WHEREAS, such additional projected reviews and expenditures associated in
connection with the annexations are not provided for in the Recommended 2002 Budget; and,
WHEREAS, Section 5.06 of the Home Rule Charter of the City of Omaha, 1956,
as amended, provides that after a public hearing on the budget, the City Council may revise
revenue estimates if such revision is concurred in by five of its members; and,
WHEREAS, Section 5.06 further provides that after a public hearing on the
budget,the City Council may revise the expenditure side of the budget by increasing, decreasing,
inserting or deleting appropriated items, except that it shall not reduce appropriations for debt
service; and,
WHEREAS, it is the intent of the City Council to revise General Fund revenues
and appropriations, City Street Maintenance Fund revenues and appropriations, Debt Service
Fund revenues and appropriations and Sewer Revenue Fund appropriations because of the
annexed areas.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF OMAHA:
THAT, the taxable values on tangible properties be increased in the
Recommended 2002 Budget in the amount of:
Real Estate $50,071,937
Personal Property 2,359,735
Total $52,431,672
Because of the additional annexed area valuations added; and,
By
Councilmember
Adopted
City Clerk
Approved
Mayor
C-25A CITY OF OMAHA
•
LEGISLATIVE CHAMBER
• Omaha,Nebr
PAGE 2
BE IT FURTHER RESOLVED:
THAT, the revenue estimate and appropriations in the Recommended 2002
Budget be revised by increasing or decreasing revenue estimates and appropriations:as indicated
in the schedule below:
Account Increase
Budgetary Accounts Number (Decrease)
Revenue Estimates:
General Fund:
Property Taxes (net) 1110 $(449,343)
Motor Vehicle Taxes 1150 4,974
City Sales and Use Tax 1300 697,463
City Street Maintenance Fund:
City Motor Vehicle Registration Fees 2220 2,805
Debt Service Fund:
Property Taxes (net) 1110 675,085
Special Assessments 1041 30,760
Total Revenue Adjustments $ 961,744
Appropriation Adjustments:
General Fund:
Parks Division: 1211
Personal Services $ 2,817
Non-personal Services 18,119
Police Department: 1342
Personal Services 11,724
Non-personal Services 2,884
By
Councilmember
Adopted
City Clerk
Approved
Mayor
•
•
C-25A CITY OF OMAHA
•
LEGISLATIVE CHAMBER
• Omaha,Nebr
PAGE 3
Account Increase
Budgetary Accounts Number (Decrease)
Street Maintenance: 1415 ,.
Personal Services • 36,005
Non-personal Services 69,526
Traffic Engineering: 1425
Personal Services 17,574
Non-personal services / 33,656
Street Lighting Division: 143.7
Non-personal Services 49,734 •
Solid Waste Disposal Division: 1453
Non-personal Services 15,450
City Treasurer: 1870
Non-Personal Services (4,395)
•
City Street Maintenance Fund:
Street Maintenance Division: 1415
Non-personal Services 2,749
City Treasurer: 1870
Non-personal Services 56
Sewer Revenue Fund:
Sewer Maintenance Division: 1460
Personal Services 1,302
Non-Personal Services 896
By
Councilmember
Adopted
City Clerk
Approved, -
Mayor
C-25A ' CiTY OF OMAHA
• LEGISLATIVE CHAMBER
Omaha,Nebr
PAGE 4
Account Increase
Budgetary Accounts Number (Decrease)
Debt Service Fund:
Debt Service: 1930
Non-personal Services
Principal 266,026
Interest 433,068
City Treasurer: 1870
Non-personal Services 6,751
Total Appropriation Adjustments $963,942
•
SUMMARY OF REVENUES AND APPROPRIATIONS:
Net Revenue Adjustments—General Fund $253,094
Net Revenue Adjustments-City Street Maintenance Fund 2,805
Net Revenue Adjustments—Debt Service Fund 705,845
$961,744
Net Appropriation Adjustments—General Fund $253,094
Net Appropriation Adjustments—City Street Maintenance Fund 2,805
Net Appropriation Adjustments—Debt Service Fund 705,845
Net Appropriation Adjustments—Sewer Revenue Fund 2,198
$963,942
APPROVE 0 FO
CITY ATT EY DATE
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