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Home My WebLink AboutResolution 3713 Mill levy resolution, FY 2004-2005 COMMISSION RESOLUTION NO. 3713 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA, ESTABLISHING AND AFFIXING THE NUMBER OF MILLS TO BE CHARGED AGAINST THE ASSESSED VALUATION OF ALL TAXABLE PROPERTY SITUATED WITHIN THE CORPORATE JURISDICTIONAL BOUNDARIES OF THE CITY FOR FISCAL YEAR 2004-2005. WHEREAS, in accordance with Montana Code Annotated, a resolution must be adopted by the City Commission in order to determine the amount of the City or Town taxes to be levied and assessed on the taxable property situated within the City for the current fiscal year; and WHEREAS, the Clerk of the City Commission must certify to the County Clerk a copy of such resolution. NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman, Montana, as follows: Section 1 That for the purpose of providing and maintaining basic City services, the City Commission of the City of Bozeman, Montana, does hereby affix 111.48 mills to be levied for the All-Purpose General Fund for all salaries, operations and capital expenditures for general government purposes as provided by Section 7-6-4451, M.C.A. Section 2 That the City Commission of the City of Bozeman hereby affixes a 1.87 mill levy for the State- mandated Firefighters' Retirement System, in order to maintain payments to the State-administered Firefighters' Retirement System, in accordance with Section 19-13-606, M.C.A. Section 3 That the City Commission of the City of Bozeman hereby affixes a 3.88 mill levy for the State- mandated Police Retirement System in order to maintain payments to the State-administered Police Retirement System, in accordance with Section 19-9-704, M.C.A. Section 4 That the City Commission of the City of Bozeman, Montana does hereby affix and establish a mill levy in the amount of 3.93 mills to provide for City contribution to the State retirement system for employees covered under the Public Employees' Retirement System (P.E.R.S.), in accordance with Section 19-3-204, M.C.A. Section 5 That the City Commission of the City of Bozeman, Montana, does hereby establish and affix a mill levy in the amount of 3.78 mills to provide funds for Comprehensive Insurance protection and coverage for the City of Bozeman, Montana, in accordance with Section 2-9-212, M.C.A. Section 6 That the City Commission of the City of Bozeman, Montana, does hereby establish and affix a mill levy in the amount of 24.73 mills to provide for the total City payment of premiums for Health/Medicallnsurance for City employees, in accordance with Title 2, Chapter 18, Part 7, M.C.A.; Section 2 of Chapter 359, Laws, 1975; Section 7-32-4117, M.C.A.; and Section 7-3-4130, M.C.A. Section 7 That the City Commission of the City of Bozeman, Montana, does hereby establish and affix a mill levy in the amount of 2.00 mills to provide funds for the operation of the City Planning activity, in accordance with Section 76-1-406, M.C.A. Section 8 That the City Commission of the City of Bozeman, Montana, does hereby establish and affix a mill levy in the amount of 1.00 mills to provide funds for special transportation services for senior citizens and persons with disabilities, in accordance with Section 7-14-111(1), M.C.A. Section 9 That the City Commission of the City of Bozeman, Montana, does hereby establish and affix a mill levy in the amount of 6.00 mills to fund the proposal submitted to, and approved by the electors on November 5, 2002, to authorize the City of Bozeman to levy up to eight mills annually for a period not to exceed three years to fund $1,000,000 in capital projects for the Bozeman Fire Department, in accordance with Sections 7-6-4431, and 15-10-420, M.C.A. Section 10 That the City Commission of the City of Bozeman, Montana, does hereby establish and affix a mill levy in the amount of 5.33 mills to provide for principal and interest payments on outstanding Transportation System General Obligation Bonds, in accordance with Section 7-7-4265, M.C.A. Section 11 That the City Commission of the City of Bozeman, Montana, does hereby establish and affix a mill levy in the amount of 7.99 mills to provide for principal and interest payments on outstanding Library General Obligation Bonds, in accordance with Section 7-7-4265, M.C.A. - 2 - PASSED AND ADOPTED by the City Commission of the City of Bozeman, Montana, at a regular session thereof held on the 16th day of August 2004. ATTEST: ~L~ Clerk of the Commission APPROVED AS TO FORM: - 1'~kJl TIMOTHY A. CO Rt - Acting City Attorney - 3 - --.-.-...-.------....--.. CITY OF BOZEMAN Mill Levy - Fiscal Year 2004-2005 Levv Title/Purpose Levv FY 2004-2005 All-Purpose Levy 111 .48 City Planning 2.00 Police Retirement 3.88 Firefighter's Retirement 1.87 Public Employees Retirement System 3.93 Comprehensive Insurance 3.78 Health/Medical Insurance for Employees 24.73 Senior and Disabled Transportation 1.00 Special voted fire mill levy 6.00 Library G.O. Bond 7.99 Transportation System G.O. Bonds 5.33 TOTAL ALL LEVIES 171.99 Mill Value = $52,985 . s , IN6' ,." " . II 'I I MILL LEVIES & MILL VALUES I FISCAL YEAR FYOO FY 01 FY 02 FY 03 FY 04 FY 05 MILL VALUE $ 39,420 $ 39,932 $ 42,450 $ 46,055 $ 49,559 $ 52,985 PERCENTAGE CHANGE 1.3 6.3 8.5 7.6 6.9 GENERAL FUND: All-Purpose 94.21 101.21 101.92 106.78 108.43 111 .48 SPECIAL REVENUE: City Planning 200 2.00 2.00 2.00 2.00 2.00 Police Retirement 3.68 5.03 5.09 4.58 4.70 3.88 Firefighters' Retirement 3.48 3.86 3.91 3.52 2_10 1.87 Public Employees' Retirement 3.09 2,96 3.00 2.70 4.08 3_93 Comprehensive Insurance 3.92 4,30 4.35 3.92 4.01 3_78 Health/Med Insurance 15.76 14.76 14.94 13.45 21.77 24.73 Emergency Levy 2.00 Fire Truck/Equipment 6.00 6_00 Senior Transportation 0.81 1.00 1.00 1,00 1.00 TOTAL SPECIAL REVENUE 31_93 33.72 34.29 33.17 45_66 47.19 DEBT SERVICE: Library G_O_ Bonds 0.95 5.56 8.22 7.99 Transportation G.O. Bonds 14.22 11.91 9.00 8.70 1.00 5_33 * TOTAL DEBT SERVICE 15.17 11.91 9_00 14.26 9.22 13.32 TOTAL ALL LEVIES 141.31 146.84 145.21 154.21 163.31 171,99 Percentage Change 3.9 -1.1 6.2 5.9 5.3 Property Taxes Levied $5,570,440 $5,863,615 $6,164,165 $7,102,142 $8,093,480 $9,112,890 Percentage Change 5.3 5.1 15.2 14.0 12.6 . Transportation Bonds were refinanced during FY 03. Consequently, no principal payments were made that year~-resulting in a large fund balance. This translated to a significant reduction in the levy for FY 04. Subsequent year's levies will be increased. The FY 06 levy will have to increase as well. 8-4 ----------- r~ECFnlEO AUG I) ., 2004 MONTANA J Form AB-72T ~ - ...... Rev. 7-04 2004 Certified Taxable Valuation Information (Pursuant to 15-10-202, MCA) County of Gallatin Taxing Jurisdiction: Bozeman City 1. 2004 Total Market Value.............................................. .-........... $ 1,571,989,123 2. 2004 Total Taxable Value.................................................... ..... $ 52,985,274 3. 2004 Taxable Value of Newly Taxable and Eliminated Property........ $ 3,484,096 * a) Newly Taxable Property as identified in Tax Policy and Research (TPR) spreadsheet.................................... $ 3,424,624 b) 2004 Taxable Value of Eliminated Property............................. $ 59.472 4. 2004 Taxable Value of Net and Gross Proceeds........................... $ 0 (Class 1 and Class 2 properties) Preparer tkd;~ 7Y1 like/jf .J Date j/-J? "&]c/ *Note: This is the value to be used by local governments in calculating the mill levy per 15-10-420, MCA. It is the sum of Items 3(a) and 3(b). The above values DO NOT include TIF District TV $710,286 ......... _.. - - - _olio.. _............ 111......_. "" '" _ _ ___ _ _ _ _ _ _ _ __ _ __ _ _.... ............."".. - - - - - - - - - - - -................................ -............... For Information Purposes Only 2004 taxable value of centrally assessed property having a market value of $1 million or more, which has transferred to a different ownership in compliance with 15-10-202(2), MCA. I. Value included in "newly taxable" property $ 0 II. Total value exclusive of "newly taxable" property $ 0 44QT RECF'VFDAur; 0 4, 2004 A REVENuE! MONTANA ;j Form AB~72T -'." " :: Rev. 7-04 -- c-~ 2004 Certified Taxable Valuation Information (Pursuant to 15-10-202, MCA) County of Gallatin Taxing Jurisdiction: Bozeman City Planning 1. 2004 Total Market Value.... .... ....."... ... ............ ......... ..... ............ $ 1,566,336,230 2. 2004 Total Taxable Value......................................................... $ 53,036,144 3. 2004 Taxable Value of Newly Taxable and Eliminated Property........ $ 3,425,771 * a) Newly Taxable Property as identified in Tax Policy and Research (TPR) spreadsheet.................................... $ 3,366,299 b) 2004 Taxable Value of Eliminated Property............................. $ 59,472 4. 2004 Taxable Value of Net and Gross Proceeds........................... $ 0 (Class 1 and Class 2 properties) Preparer ddw; 7Y; JI1)d_~~ Date !~J,-ot I *Note: This is the value to be used by local governments in calculating the mill levy per 15-10-420, MCA. It is the sum of Items 3(a) and 3(b). The above values DO NOT include TIF District TV $710,,286 - - - - _........ ~................. __ - _..... _.... - - - - - - - - - - - __ - - - - - - - - - - - - - - _.... 'No._" _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ __ For Information Purposes Only 2004 taxable value of centrally assessed property having a market value of $1 million or more, which has transferred to a different ownership in compliance with 15-10-202(2), MCA. I. Value included in "newly taxable" property $ 0 II. Total value exclusive of "newly taxable" property $ 0 440T