CITY OF NORFOLK, NEBRASKA ANNUAL BUDGET

FISCAL YEAR 2014-2015

2005-2006

2006-2007

2007-2008

2008-2009

2009-2010

2010-2011

2011-2012

2012-2013

2013-2014

2014-2015

0 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 80,000,000 90,000,000

Capital Budget to Total Budget CAPITAL BUDGET

TOTAL BUDGET

F i s c a l Y e a r

Dollars

F i s c a l Y e a r

Dollars

Funds with Over $1 Million Increase

Dollar Percentage

Budgeted Budgeted Increase Increase

FUND 2013-2014 2014-2015 (Decrease) (Decrease)

LB840 Economic Development Fund 1,571,218 4,326,833 2,755,615 175.38%

Special Assessments Fund 2,308,383 4,982,798 2,674,415 115.86%

Community Dev. Block Grant Fund 1,539,911 2,987,413 1,447,502 94.00%

Capital Construction Fund 4,805,422 5,855,837 1,050,415 21.86%

10,224,934 18,152,881 7,927,947 77.54%

All Other Funds 62,610,536 62,812,757 202,221 0.32%

TOTAL 72,835,470 80,965,638 8,130,168 11.16%

 The following compares by major expenditure object the

FY 2013-2014 budget with the FY 2014-2015 proposed budget:

EXPENDITURE HIGHLIGHTS

Dollar PercentageBUDGET BUDGET Increase Increase

OBJECT FY 2013-2014 FY 2014-2015 (Decrease) (Decrease)

Personnel 19,459,523 20,102,370 642,847 3.30%

Operations & Maintenance 11,405,420 15,787,124 4,381,704 38.42%

Capital Expenditure 19,425,672 19,455,667 29,995 0.15%

Debt Service 3,181,016 3,458,596 277,580 8.73%

Transfers 2,378,718 3,667,305 1,288,587 54.17%

Fund Ending Balance 16,985,121 18,494,576 1,509,455 8.89% TOTAL 72,835,470 80,965,638 8,130,168 11.16%

 The following compares by major revenue source the

FY 2013-2014 budget with the FY 2014-2015 proposed budget:

REVENUE HIGHLIGHTS

Dollar PercentageBUDGET BUDGET Increase Increase

SOURCE FY 2013-2014 FY 2014-2015 (Decrease) (Decrease)

Balance Brought Forward 29,501,356 30,926,798 1,425,442 4.83%

Taxes 13,349,219 13,766,455 417,236 3.13%

Licenses & Permits 204,975 216,300 11,325 5.53%

Inter-Govern. Revenue 5,282,460 7,497,908 2,215,448 41.94%

Charges for Service 12,409,320 12,825,265 415,945 3.35%

Rent & Other Revenue 5,718,122 5,709,240 (8,882) (0.16%)

Interest Income 71,192 66,185 (5,007) (7.03%)

Transfers 2,378,718 3,667,305 1,288,587 54.17%

Proceeds of Debt 3,770,000 6,160,000 2,390,000 63.40%

Special Assess. Levied 119,650 99,434 (20,216) (16.90%)

Non-revenue Receipts 30,458 30,748 290 0.95%

TOTAL 72,835,470 80,965,638 8,130,168 11.16%

Budgets by Fund

Dollar Percentage

Budgeted Budgeted Increase Increase

FUND 2013-2014 2014-2015 (Decrease) (Decrease)

General Fund 22,911,907 23,829,860 917,953 4.01%

Sewer Fund 12,172,737 12,237,481 64,744 0.53%

Group Insurance Fund 6,024,289 6,887,730 863,441 14.33%

Water Fund 8,394,058 6,813,080 (1,580,978) (18.83%)

Debt Service Fund 5,286,633 6,026,709 740,076 14.00%

Capital Construction Fund 4,805,422 5,855,837 1,050,415 21.86%

59,595,046 61,650,697 2,055,651 3.45%

All Other Funds 13,240,424 19,314,941 6,074,517 45.88%

TOTAL 72,835,470 80,965,638 8,130,168 11.16%

 The following compares by department the FY 2013-2014 budget

with the FY 2014-2015 proposed budget:

GENERAL FUND EXPENDITURE CHANGES

Dollar Percentage

BUDGET BUDGET Increase Increase

DEPARTMENT FY 2013-2014 FY 2014-2015 (Decrease) (Decrease)

Administration 4,054,358 3,777,564 (276,794) (6.83%)

Engineering 641,867 726,149 84,282 13.13%

Street Maintenance 2,725,333 2,855,537 130,204 4.78%

Park Maintenance 1,483,196 1,513,533 30,337 2.05%

Housing 515,798 504,484 (11,314) (2.19%)

Recreation 785,157 807,984 22,827 2.91%

Library 1,408,376 1,453,154 44,778 3.18%

Fire 4,034,857 4,176,075 141,218 3.50%

Police 5,239,336 5,423,032 183,696 3.51%

TOTAL 20,888,278 21,237,512 349,234 1.67%

Property Tax18399419.51%

Sales Tax768145539.68%

NPPD Lease472154024.39%

Other Revenue511369926.42%

General Fund RevenuesFY 2014-2015

SALES TAX BUDGETED BY FISCAL YEARS

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015$0.00

$1.00

$2.00

$3.00

$4.00

$5.00

$6.00

$7.00

$8.00

$9.00

$10.00

$11.00

SALES TAX BUDGETED BY FISCAL YEARS

Fiscal Year

TAXES($MILLIONS)

2005

-200

6

2006

-200

7

2007

-200

8

2008

-200

9

2009

-201

0

2010

-201

1

2011

-201

2

2012

-201

3

2013

-201

4 E

stim

ated

2014

-201

5 B

ud

get

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

CITY OF NORFOLK, NEMajor Revenue Trends

Nebraska Public Power District (NPPD) Lease

Fiscal Year

Dol

lars

(in

th

ous.

)

The following is a yearly property tax comparison from FY 2005-2006 to FY 2014-2015:

MUNICIPAL BUDGETED PROPERTY TAX COMPARISON

DEBT ECONOMIC

GENERAL SERVICE DEVELOPMENT

YEARS FUND FUND FUND   TOTAL

FY 2005-2006 238,724 690,676 - 929,400

FY 2006-2007 430,164 690,676 - 1,120,840

FY 2007-2008 475,001 690,676 - 1,165,677

FY 2008-2009 742,907 690,676 - 1,433,583

FY 2009-2010 1,497,907 690,676 - 2,188,583

FY 2010-2011 1,497,907 690,676 400,000 2,588,583

FY 2011-2012 1,497,907 690,676 400,000 2,588,583

FY 2012-2013 1,497,907 690,676 400,000 2,588,583

FY 2013-2014 1,497,907 690,676 400,000 2,588,583

FY 2014-2015 1,839,941 690,676 400,000 2,930,617

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 700,000,000

800,000,000

900,000,000

1,000,000,000

1,100,000,000

1,200,000,000

1,300,000,000

Assessed Valuationwith % increase from the prior year

9.03%

4.29%

4.14%

4.24%

3.31% 0.31% 0.02% 0.47% 1.13%

4.67%

York

Kear

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Norf

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yler

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0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

Comparison of 2013 Property Tax Rates

Nebraska Cities of the First Class

Prop

erty

Tax

Rat

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rs p

er $

100

of a

sses

sed

valu

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Table 7

2014

2013

 The following compares by revenue source the FY 2013-2014 budget

with the FY 2014-2015 proposed budget:

GENERAL FUND REVENUE CHANGES

Dollar Percentage

BUDGET BUDGET Increase Increase

SOURCE FY 2013-2014 FY 2014-2015 (Decrease) (Decrease)

Taxes 10,288,871 10,658,196 369,325 3.59%

Licenses & Permits 204,975 216,300 11,325 5.53%

Intergovernmental Revenues 491,627 507,284 15,657 3.18%

Charges for Service 1,883,031 1,951,015 67,984 3.61%

Rent & Other Revenue 5,347,622 5,338,840 (8,782) (0.16%)

Other Interest Income 4,200 5,000 800 19.05%

Non-Revenue Receipts 700,000 680,000 (20,000) (2.86%)

TOTAL 18,920,326 19,356,635 436,309 2.31%