Budget Highlights $ 80.2 million Fiscal Year 2011/12 1.

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Budget Highlights

$ 80.2 million

Fiscal Year 2011/12

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FY 2011/12 Budget Highlights

The City of Bettendorf’s financial outlook for the next 18 months remains stable, despite the downturn in our national economy:

Healthy Fund Balances Significant General Fund levy growth

available Continue history of Conservative

Spending Stable Revenue Streams Continued strong fiscal planning and

adherence to fiscal policies

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Quote from Moody’s Investors Service April 2010 –

“The assignment of the City’s Aa1 rating reflects the city’s moderately-sized tax base experiencing ongoing growth due to residential and commercial development; sound financial operations supported by solid cash reserves and ample financial flexibility.

We believe the city’s financial profile will remain healthy due to solid cash reserves, management’s adherence to a a formal General Fund Balance policy, and significant operating margin within the tax rate limit. ”

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Fiscal Year 2011/12Where the City’s money goes:

Public Safety14%

Public Works5%

Debt Service13%

Culture & Recreation

6%

Community & Economic

Development3%

General Government5%

Capital Projects19%

Business Type/En-terprises

35%

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Fiscal Year 2011/12 Where the City money comes from:

Property taxes31%

TIF revenues3%

Other city taxes12%

Licenses & permits1%

Use of money2%

Intergovernmental8%

Charges for services

26%

Miscellaneous2%

Bond proceeds15%

Other financing sources1%

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FY 2011/12 Budget Highlights:

Bettendorf is one of a few Iowa cities with general fund levy rate significantly below $8.10. Allows 32.1% levy growth equating to $4.3 million of potential property taxes

FY 10/11 FY 11/12

General Fund $5.71631 $5.49661

Health 1.00105 1.11887

Liability .34003 .31872

Pension .54261 .66580

Debt Service 5.00 5.00

New Levy Rate (same as FY 10/11)

$12.60 $12.60

1) No Increase in the Levy Rate: $12.60

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Taxes Current YearHow We Compare to Other Cities?In order by General Fund Levy Rate of all Iowa cities with populations over 20,000, plus Clive

Census Taxable ValueTaxable Value

per CapitaFY 10/11 Total

Levy

FY 10/11 General Fund

LevyBettendorf (FY 11/12 Levy) 31,275 1,587,927,558$ 50,773$ 12.60$ 5.49$ Ames 50,731 2,126,174,883$ 41,911$ 10.85$ 6.15$ Clive 12,855 1,078,994,775$ 83,936$ 9.54$ 6.69$ Ankeny 27,117 1,928,906,826$ 71,133$ 11.18$ 7.13$ Urbandale 29,072 2,296,770,295$ 79,003$ 9.32$ 7.17$ Burlington 26,839 630,688,754$ 23,499$ 15.02$ 8.10$ Cedar Falls 36,145 1,195,193,364$ 33,067$ 12.99$ 8.10$ Cedar Rapids 120,758 5,202,552,672$ 43,082$ 15.22$ 8.10$ Clinton 27,772 874,745,362$ 31,497$ 15.49$ 8.10$ Council Bluffs 58,268 2,292,937,675$ 39,352$ 17.85$ 8.10$ Davenport 98,359 3,719,222,140$ 37,813$ 15.53$ 8.10$ Des Moines 198,682 6,397,515,722$ 32,200$ 16.58$ 8.10$ Dubuque 57,686 1,980,445,335$ 34,331$ 10.03$ 8.10$ Fort Dodge 25,136 585,617,486$ 23,298$ 18.44$ 8.10$ Iowa City 62,220 2,731,041,904$ 43,893$ 17.76$ 8.10$ Marion 26,294 1,141,690,053$ 43,420$ 13.64$ 8.10$ Marshalltown 25,009 728,958,128$ 29,148$ 13.94$ 8.10$ Mason City 29,172 956,424,547$ 32,786$ 13.39$ 8.10$ Muscatine 22,697 740,436,638$ 32,623$ 15.77$ 8.10$ Ottumwa 24,998 542,130,006$ 21,687$ 20.46$ 8.10$ Sioux City 85,013 2,136,515,423$ 25,132$ 17.30$ 8.10$ West Des Moines 46,403 3,720,483,153$ 80,178$ 12.05$ 8.10$ Average of 20 Cities (Not including Bettendorf) 14.32$ 7.74$

*Source: Iowa Department of Management - Local Budget Division

**FY 11/12 proposed levy rate for City of Bettendorf. FY 10/11 levy rates for comparable cities.

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2. Provides funding for all existing City services: Frozen operating budgets where

possible; with reductions in contract labor and professional services

Continued close monitoring of over time

Funds wage increases for all union and non-union employees

FY 2011/12 Budget Highlights

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Union Settlements

Bargaining Unit

FY 10/11 FY 11/12 FY 12/13 FY 13/14

Fire 0% COLA 2% Deferred

1.50% COLA 7/1/111.50% Deferred 1/1/12

2.75% COLA 2.90% COLA (plus 1% if pension is <35.32%)

Police 2% COLA 2.35% COLA.50% Deferred

3% COLA.25% Deferred

2.75 COLA.75% Deferred

AFSCME - General

2% COLA 3% COLA 3.25% COLA 3.50% COLA

AFSCME -Library

2% COLA 3% COLA 3.25% COLA 3.50% COLA

Non-UnionEmployees

2% COLA 3% COLA 3.25% COLA 3.50 COLA

Funds second year of four year contracts with all of our bargaining units

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FY 2011/12 Budget Highlights:3) Projects Major Revenues to remain Stable

Revenue source: FY 06/07 FY 07/08 FY 08/09 FY 09/10 FY 10/11 FY 11/12

Property taxes 15,648,364 16,763,147 18,384,425 19,267,371 19,874,584 20,800,360

Charges for Services 11,383,066 11,837,342 13,139,508 14,460,857 17,088,687 17,446,342

Local Option Sales Tax 4,194,137 4,375,125 4,183,906 4,123,192 4,379,062 4,380,000

Road Use Tax 2,615,412 2,678,338 2,590,668 2,724,484 2,830,388 3,039,850

Gaming 1,963,498 2,076,120 1,912,972 1,684,304 1,700,000 1,725,000

Interest Earnings 1,833,719 1,792,190 1,484,476 935,570 1,039,707 1,086,601

Hotel/Motel Tax 742,038 879,403 774,409 781,543 805,000 805,000

Building Permits 470,024 468,244 364,989 547,500 521,800 546,800

Utility Tax 691,118 684,244 747,401 755,748 708,082 752,636

Cable Franchise 366,272 392,338 368,246 374,172 380,000 380,000

Total Major Revenues 41,869,751 45,119,476 47,387,665 49,043,048 52,727,310 54,362,589

Total All Revenues Net of Bond Proceeds, Other Financing Sources and Intergovernmental 44,101,837 46,701,691 49,590,088 51,498,057 54,505,994 55,129,283

10 Major Revenues as a % of All Revenues 94.94% 96.61% 95.56% 95.23% 96.74% 98.61%

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Building Permit HistorySummary of Building Permits Issued by the City of Bettendorf

CalendarYear Number Value Number Value2010 2951 $58,148,406 115 $27,194,9802009 2700 $58,504,974 77 $21,057,1982008 3,095 $43,946,075 96 $24,200,9962007 3,420 $78,686,737 134 $37,831,5732006 3,680 $100,236,047 (a) 154 $34,873,9282005 3,717 $66,134,674 194 $41,928,3192004 3,397 $68,651,169 146 $30,265,1512003 3,247 $57,729,471 120 $25,087,0802002 2,980 $71,998,617 (b) 85 $19,495,4812001 3,392 $40,678,917 144 $26,184,0822000 3,487 $45,339,525 143 $24,158,5461999 3,740 $44,998,573 158 $26,947,091

(a) The signif icant increase in value of total permits from 2005 to 2006 w as due to construction of the

Isle of Capri Hotel; the Clarissa Cook Hospice House; the ORA Medical Facility; the Glen shopping center;

Hy-Vee grocery store; Logan Contractor Supply building; Armstrong Elementary School; the Crow Ridge

Plaza retail facility; The Fountains Senior Living complex; and Southeast National Bank

(b) Primarily Trinity Regional Health System (46.2%)

Total PermitsNew Single-Family Attached &

Detached Homes

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FY 2011/12 Budget Proposes:4) All Major Fund Balances to remain stable

Fund FY 06/07 Actual FY 07/08 Actual FY 08/09 Actual FY 09/10 ActualFY 10/11

ProjectedFY 11/12

Projected

General 4,977,530 5,100,358 5,240,760 5,267,035 5,112,118 4,957,346

% of expenditures 26.29% 26.25% 26.95% 26.09% 25.80% 24.37%

Road Use 822,693 814,360 290,135 365,996 368,348 368,988

% of expenditures 31.72% 25.06% 6.80% 10.87% 11.54% 11.29%

Gaming 1,103,038 2,285,361 2,252,195 681,544 194,337 160,510

Sales Tax 2,359,455 2,960,922 2,428,645 638,608 53,219 73,619

Vehicle 1,034,810 1,420,612 931,210 726,276 912,069 1,242,069

Electronic Equipment 1,035,093 1,101,573 825,177 769,568 548,152 449,312

Health Insurance 1,001,596 977,293 980,367 987,458 987,458 987,458

Risk Management 611,731 612,146 612,224 627,788 627,788 627,788

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5. Funds Road Salt budget at $730,000; recommends going to a more liquid application program with purchase of new Brine Maker and 2 new brine applicators

6. Continued commitment towards Code Enforcement Program: $122,000

7. Funds expanded Sunday Library Hours from noon – 5 pm October through May - $16,000

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8) Health Insurance – Continue to aggressively manage our

Health Insurance Fund. Recommend moving to Wellmark

with 8% projected increase in claims vs 11% national (Current provider, Ullico bid 10%)

Maintain Specific Stop Loss at $50K Currently have almost $1 million in

fund balance to fund up to maximum aggregate attachment point (125% of expected claims)

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History of health claims: 7 year average increase 4.25%

(National average 11%) FY 04/05: $2,252,920 FY 05/06: $2,225,112 FY 06/07: $2,256,994 FY 07/08: $2,330,055 FY 08/09: $2,541,497 FY 09/10: $2,826,770 FY 10/11: $2,719,408 Projected FY 11/12: $2,923,544 Projected

(Maximum exposure $3.51 million) Health Committee continues to meet

quarterly to monitor our existing health care plan

Health Insurance continued

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9) Liability Insurance – Total Liability Insurance up 5.3%. Of that increase:Workers Compensation Fee up $67,913:

Increased Mod rate from 1.1 to 1.18 due to 4 high dollar claims public safety claims Striving to manage our Work Comp insurance costs

although….. Continue to have increased wages 5% to 20% State of Iowa published rate increases on various job classifications

The Safety Committee continues to meet quarterly to discuss safe work practices

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FY 2011/12 Budget Highlights:10) User Fees -

Storm water Fee - no increase Sewer Fee - no increase Park & Recreation fees – marginal increases to

Camp Mac, Sports & Games and Teen Camp programs as well as shelter and room rentals

LFC - 4% 7/1/10, 4% on only Adult & Senior Memberships 7/1/11

Palmer Hills – $1 on 9-hole & Senior Rounds and Range Balls

Splash Landing - no increase Family Museum door admissions - no increase Transit fares - increase to $1.00 7/1/11, up from $.60 Garbage Fee - 3% 4/1/11 equates to $5.40 for large

cart annually

Continue to supplement the budget with user fees, when appropriate, to stabilize property tax levy rate. User Fees for several programs are recommended to increase in an effort to cover increased costs:

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Proposed Solid Waste Fee Increases

City of BettendorfFY 2011/12 Budget ReviewGarbage Fees

Size

Current Monthly

Fee Annualized

Monthly fee

beginning 4/1/2011

Monthly Increase Annualized

Annual Increase

Monthly fee beginning

4/01/2012


4/01/2013


4/01/2014


4/01/2015


4/01/2016

Percentage increase 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

32 gallon/twice per mo 6.02 72.24 6.20 0.18 74.40 2.16 6.39 6.58 6.77 6.98 7.19

32 gallon 9.02 108.24 9.29 0.27 111.48 3.24 9.57 9.86 10.15 10.46 10.77

65 gallon 12.02 144.24 12.38 0.36 148.56 4.32 12.75 13.13 13.53 13.93 14.35

95 gallon 15.03 180.36 15.48 0.45 185.76 5.40 15.94 16.42 16.92 17.42 17.95

Note: Fee increases are needed to cover costs of operating and future replacement of vehicles.

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FY 2011/12 Budget Highlights: 11) Gaming Revenue - $1.725 million(Currently capped at $1.935 million annually)

Allocated to supplement operating budgets for:

Enterprise Funds - $1,120,660 Road Use Fund (salt) - $250,000 Economic Development - $203,262 Other Funds - $210,000

If not for Gaming Revenue, user fees would be significantly higher or property taxes would be needed to supplement budgets.

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Community Improvement Program FY 11/12 $15 million – Across all funds

$11.9 million: Public Works, Community Development, Traffic and Parks & Recreation $3 million: 1st Phase of Tanglefoot, Devils Glen to Bus Barn Entrance: 3 lane with 10’ separated recreation trail on north side $2.3 million: Sealcoat Replacements including Robeson Ave, Alcoa subdivision – all streets, Ten Plus from Central to 28th, North Oak, Oak Lane $1.39 million: Various recreation trails including highway 67 from Riverdale to East City Limits ($800,000 Federal Funding) and separated trail on Devils Glen Road east side Middle Road to Devils Glen Park $1.1 million: Various Street Overlays $829,000: Various Traffic Projects

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Community Improvement Program FY 11/12 continued

$11.9 million continued

• $520,000: Various Alley improvements • $500,000: Maplecrest: 29th west to Hydrant at #3311 • $500,000: Street patching throughout the City• $450,000: I-80 Water main extension – TIF funding• $350,000: Downtown Streetscape Master Plan• $326,000: Forrest Grove sealcoat replacement west City Limits to Eagle Ridge – 4 lane

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Community Improvement Program FY 11/12 continued

$11.9 million continued

• $250,000: Annual Funding for Parks Projects• $200,000: Sealcoat Rural Roads• $175,000: Various Sidewalks• $150,000: Façade Program and relocation program at I-74• $134,000: Various city-wide projects including renovated restrooms on main level at Library

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Community Improvement Program continued

$1,180,000 Sewer Utility Projects

• Hopewell Interceptor – Hopewell to Forest Grove Phase III

• Infiltration/Inflow analysis and city-wide improvements

• Chimney Seals, Manhole rehabilitation, sewer televising

• West pigeon Creek Interceptor at Century Heights

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$1.49 million Storm Water Projects• Hopewell Creek Detention at new PV

school, 8 acres• Ginger Creek Detention at 53rd• Stafford Creek – Maplecrest to Middle• Small Storm Sewers & Sewer Linings &

Intake Repair• Various Council priorities to be

determined: $250,000

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Enterprise Fund Projects: $558,000

$418,000 Palmer Hills Golf Course Improvements: Interior Renovation Projects, holes #15 &#17, regrade holes #15 &#16

$44,000 Splash Landing: Painting slides and pool

$65,500 FMAS: Exhibit design, development and evaluation

$30,000 Life Fitness Center: Lighting replacement


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Capital Equipment

Funds $577,500 of new/replacement Vehicles including:

$214,500: 6 replacement police Squad Cars/SUVs

$30,000: Brine Applicators $108,000: 4x4 mower, 2 ball field drags, utility

cart, & skid loader- Parks $81,000: mower, chemical sprayer & utility cart

at Palmer Hills Golf Course $144,000: Backhoe & 4x4 heavy duty pick-up for

the Sewer

Funds $198,640 of new/replacement Electronic Equipment

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City of BettendorfProperty Taxes Generated from all Property Types2011/12 Budget

SOURCES OF NEW TAX $ FY 2010/11 TAX FY 2011/12 TAX TAX

BY PROPERTY TYPE ASSESSED TAXABLE DOLLARS** ASSESSED TAXABLE DOLLARS** INCREASE

VALUE VALUE* 12.60000 VALUE VALUE* 12.60000 (DECREASE)

Residential existing 2,255,170,983 1,055,936,169 13,323,170 2,259,168,313 1,094,575,373 13,810,025 486,855

Residential new 0 0 0 35,038,650 16,909,302 213,057 213,057

Residential expired TIF 0 0 0 1,233,739 1,233,739 9,376 9,376

Commercial existing 443,808,680 443,808,680 6,045,315 440,422,240 440,422,240 6,002,646 (42,669)

Commercial new 0 0 0 3,991,500 3,991,500 50,293 50,293

Commercial expired TIF 0 0 0 22,105,595 22,105,595 168,003 168,003

Industrial existing 21,782,851 21,782,851 352,648 22,122,711 22,122,711 356,930 4,282

Industrial new 0 0 0 133,250 133,250 1,679 1,679

Industrial expired TIF 0 0 0 3,886,001 3,886,001 29,534 29,534

Public Utility 14,232,920 14,232,920 179,335 14,671,227 14,671,227 184,857 5,522

Less Military exemption 0 (4,197,554) (52,889) 0 (4,148,478) (52,271) 618

TOTAL* 2,734,995,434 1,531,563,066 19,847,579 2,802,773,226 1,615,902,460 20,774,129 926,550

Ag land & buildings 6,407,620 4,246,425 12,755 6,382,570 4,404,936 13,231 478

TOTAL* 927,028

$471,942 or 51% of additional tax dollars come from NEW construction or expired TIF's coming back on the tax rolls.

*Taxable values do not include TIF Increment. Uses of New Tax Dollars:

**Tax dollars includeTIF increment for Debt Service. Debt Service $285,570

Rollback on residential FY 11/12 = 48.5299% up from 46.9094% Health/Liability Insurance $274,806

Rollback on commercial FY 11/12 = 100% same as FY 10/11 Police/Fire Pension $244,836

General Fund wage increases (Out of $242,320) $121,816

(COLA, Deferred, Merit, Steps)

$927,028

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City of Bettendorf, IowaFY 2011/12 Assessed Valuations

vs.Taxable Valuationsby Property Type

100%Assessed Percent Taxable PercentValuation of Total Valuation of Total

Residential Property $2,295,440,702 81.71% $1,112,718,414 68.50%

Industrial Property 26,141,962 0.93% 26,141,962 1.61%

Commercial Property 466,519,335 16.61% 466,519,335 28.72%

Public Utilities 14,671,227 0.52% 14,671,227 0.90%

Agricultural Land & Buildings 6,382,570 0.23% 4,404,936 0.27%

Total Valuations $2,809,155,796 100.00% $1,624,455,874 100.00%

Less Military Exemptions 0 4,148,478

Total Net Valuation $2,809,155,796 $1,620,307,396

TIF Increment Values(for Debt Service levy only):

Downtown TIF $46,723,364

Duck Creek $16,058,111

Fields Development $1,951,592

GRAFCO $484,557

Greystone $454,880

L3 Properties $884,583

NEPCO District $0

Olympic Steel $8,226,944

Spruce Hil ls(Trinity) $7,967,500

Total TIF $82,751,531

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2010/11 Budget 2011/12 Budget

Levy per $1,000 of Levy per $1,000 of Change in

Fund Collections Assessed Valuation Collections Assessed Valuation Collection $

Genera l Fund* $8,754,889 $5.71631 $8,881,986 $5.49661 $127,097

Tort Liabi l i ty $520,777 $0.34003 $515,020 $0.31872 ($5,757)

Trust & Agency:

Employee Heal th Ins . $1,533,172 $1.00105 $1,807,978 $1.11887 $274,806

Pol ice & Fi re Pens ion $831,035 $0.54261 $1,075,871 $0.66580 $244,836

Tota l Trust & Agency $2,364,207 $1.54366 $2,883,849 $1.78467 $519,642

Debt Service* $8,207,700 $5.00000 $8,493,270 $5.00000 $285,570

Tota l Levy Rate $19,847,573 $12.60000 $20,774,125 $12.60000 $0.00000

Agricultura l Land Levy Rate $12,755 $3.00375 $13,231 $3.00375 $476

Grand Total $19,860,328 $20,787,356 $927,028

City of Bettendorf, IowaProperty Tax Levy by Fund

FY 2011/2012 Budget

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City of BettendorfProperty Tax Levy Impact on 100 Residential PropertiesFY 2010/11 vs FY 2011/12

1/1/09 City 1/1/10 CityAssessed Value 46.9094% Taxes at Assessed Value 48.5299% Taxes at

School Collectible Rollback 12.60000 Collectible Rollback 12.60000 Tax $ Tax %Parcel # name District FY 2010/11 Applied FY 10/11 FY 2011/12 Applied FY 11/12 Inc (Dec) Inc (Dec)

842701101 mccutcheon BE 138,798 65,109 759 138,798 67,359 788 28 3.73%841503129 gettert PV 172,440 80,891 958 172,440 83,685 993 35 3.67%84295411511 denker BE 149,590 70,172 823 149,590 72,596 854 31 3.71%842151104 johnson BE 159,590 74,863 882 159,590 77,449 915 33 3.69%841637286 ploehn BE 110,800 51,976 594 110,800 53,771 616 23 3.81%841501305 degreve PV 187,710 88,054 1,048 187,710 91,095 1,087 38 3.66%84294921611 mansholt BE 129,420 60,710 704 129,420 62,807 730 26 3.75%842149301 springer BE 117,810 55,264 635 117,810 57,173 659 24 3.79%842735408 ulloa BE 122,810 57,609 665 122,810 59,600 690 25 3.77%842934201 lampe BE 351,580 164,924 2,017 351,580 170,621 2,089 72 3.56%842944111101 mcguirt BE 165,870 77,809 919 165,870 80,497 953 34 3.68%841451201 christians PV 301,330 141,352 1,720 301,330 146,235 1,781 62 3.58%842103117 carlson BE 114,750 53,829 617 114,750 55,688 641 23 3.80%842946123081 bruce BE 172,000 80,684 956 172,000 83,471 991 35 3.68%842255219 voelliger PV 264,240 123,953 1,501 264,240 128,235 1,555 54 3.60%841633141 uhde BE 132,800 62,296 724 132,800 64,448 751 27 3.75%841707815 piper BE 136,070 63,830 743 136,070 66,035 771 28 3.74%84285210507 green BE 101,840 47,773 541 101,840 49,423 562 21 3.84%841619302 kvach BE 150,420 70,561 828 150,420 72,999 859 31 3.71%8429191B61 mayne BE 191,860 90,000 1,073 191,860 93,109 1,112 39 3.65%841551360 hunt PV 130,678 61,300 711 130,678 63,418 738 27 3.75%841049206 vale PV 198,620 93,171 1,113 198,620 96,390 1,153 41 3.64%841755216 cowherd BE 90,790 42,589 476 90,790 44,060 494 19 3.90%841607215 raab BE 203,650 95,531 1,143 203,650 98,831 1,184 42 3.64%8416351A1 parker BE 116,410 54,607 627 116,410 56,494 651 24 3.79%841723515 reinhold BE 166,878 78,281 925 166,878 80,986 959 34 3.68%842007213 marinaccio BE 138,320 64,885 756 138,320 67,127 785 28 3.73%841723214 holstrom BE 165,840 77,795 919 165,840 80,482 953 34 3.68%851835230 mcclurg PV 278,380 130,586 1,584 278,380 135,098 1,641 57 3.59%84282711404 allison BE 82,808 38,845 428 82,808 40,187 445 17 3.95%841653230 otero BE 117,128 54,944 631 117,128 56,842 655 24 3.79%841545896 parkin PV 94,490 44,325 497 94,490 45,856 517 19 3.88%842251216 anhault PV 219,330 102,886 1,235 219,330 106,441 1,280 45 3.63%842253330 behan PV 232,990 109,294 1,316 232,990 113,070 1,364 48 3.61%84281710302 hampton BE 119,748 56,173 647 119,748 58,114 671 24 3.78%84293510605 thomas BE 144,430 67,751 793 144,430 70,092 822 29 3.72%841651123 mortiboy BE 151,060 70,861 832 151,060 73,309 863 31 3.71%842805104 nickles BE 196,900 92,365 1,103 196,900 95,555 1,143 40 3.65%

2011/122010/11

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841419215 bloomer PV 240,850 112,981 1,362 240,850 116,884 1,412 49 3.61%841635194 zukowski BE 115,980 54,406 624 115,980 56,285 648 24 3.79%842701103 hoenig BE 105,100 49,302 560 105,100 51,005 582 21 3.83%842945202 boland BE 114,948 53,921 618 114,948 55,784 642 23 3.80%8429202D11 mook BE 195,470 91,694 1,094 195,470 94,861 1,134 40 3.65%841017610 adamson PV 296,918 139,282 1,694 296,918 144,094 1,754 61 3.58%840923107 borden BE 324,860 152,390 1,859 324,860 157,654 1,925 66 3.57%842924102 fleming BE 129,910 60,940 707 129,910 63,045 733 27 3.75%842908304 dean BE 111,700 52,398 599 111,700 54,208 622 23 3.81%842836207 jensen BE 192,380 90,244 1,076 192,380 93,362 1,115 39 3.65%8421491A5 stoebner BE 106,728 50,065 570 106,728 51,795 592 22 3.83%842853215 nelson BE 68,978 32,357 347 68,978 33,475 361 14 4.06%842843118 deere BE 71,698 33,633 363 71,698 34,795 377 15 4.04%842855205 tinker BE 42,990 20,166 193 42,990 20,863 202 9 4.55%8416072B9 mcneely BE 165,390 77,583 916 165,390 80,264 950 34 3.68%841503126 byorum PV 163,820 76,847 907 163,820 79,502 941 33 3.69%841633224 lepley BE 117,140 54,950 631 117,140 56,848 655 24 3.79%842801302 mosley BE 109,778 51,496 588 109,778 53,275 610 22 3.81%842201116 leonard BE 143,280 67,212 786 143,280 69,534 815 29 3.72%841707105 bonde BE 190,288 89,263 1,064 190,288 92,347 1,102 39 3.65%841633456 pope BE 112,868 52,946 606 112,868 54,775 629 23 3.80%842824104071 malone BE 98,550 46,229 521 98,550 47,826 542 20 3.86%841549140 angerer BE 113,538 53,260 610 113,538 55,100 633 23 3.80%842023533 teagarden BE 205,350 96,328 1,153 205,350 99,656 1,195 42 3.64%841249102 engel PV 259,358 121,663 1,472 259,358 125,866 1,525 53 3.60%841303211 stewart PV 339,390 159,206 1,945 339,390 164,706 2,014 69 3.56%841651262 elkins BE 126,160 59,181 685 126,160 61,225 710 26 3.76%840955712 lewis BE 251,080 117,780 1,423 255,270 123,882 1,500 77 5.40%842007303 scherz BE 118,960 55,803 642 118,960 57,731 666 24 3.78%841545892 cline PV 95,650 44,869 504 95,650 46,419 524 20 3.87%8409538104 meilenhausen BE 134,128 62,919 732 134,128 65,092 759 27 3.74%841755233 pelo BE 97,430 45,704 515 97,430 47,283 535 20 3.86%842844104 betts BE 79,020 37,068 406 79,020 38,348 422 16 3.97%8414353011 webster PV 201,600 94,569 1,130 201,600 97,836 1,172 41 3.64%841139322 brown PV 323,100 151,564 1,849 323,100 156,800 1,915 66 3.57%842009108 scholbrock BE 131,260 61,573 715 131,260 63,700 742 27 3.75%841637149 mathias BE 116,110 54,467 625 116,110 56,348 649 24 3.79%841551353 gonzalez PV 138,448 64,945 757 138,448 67,189 785 28 3.73%

2011/122010/11

32




841619253 johnson BE 122,790 57,600 665 122,790 59,590 690 25 3.77%842928112 mohr BE 217,988 102,257 1,227 217,988 105,789 1,272 45 3.63%841623153 said PV 147,550 69,215 811 147,550 71,606 841 30 3.71%841651412 rankin BE 150,540 70,617 829 150,540 73,057 859 31 3.71%841435303 assadi PV 195,080 91,511 1,092 195,080 94,672 1,132 40 3.65%842201148 plett BE 123,078 57,735 666 123,078 59,730 691 25 3.77%841549256 meenakshi PV 137,730 64,608 753 137,730 66,840 781 28 3.73%841503504 Stecker PV 229,880 107,835 1,298 229,880 111,561 1,345 47 3.62%842007304 donnelly BE 127,300 59,716 691 127,300 61,779 717 26 3.76%841333413 tallman PV 191,680 89,916 1,072 191,680 93,022 1,111 39 3.65%841633328 helfrich BE 142,370 66,785 780 142,370 69,092 809 29 3.73%8412491081 weerts PV 328,720 154,201 1,882 328,720 159,527 1,949 67 3.57%842151201 chambers BE 147,950 69,402 813 147,950 71,800 844 30 3.71%8411551a2 freemire PV 289,110 135,620 1,648 289,110 140,305 1,707 59 3.58%841449101 hutchinson PV 306,540 143,796 1,751 306,540 148,764 1,813 63 3.58%842135135 lemons BE 106,888 50,141 571 106,888 51,873 592 22 3.82%841601429 kilstrom BE 254,560 119,413 1,443 254,560 123,538 1,495 52 3.60%841433107 barnes PV 318,060 149,200 1,819 318,060 154,354 1,884 65 3.57%841601517 delugish BE 268,420 125,914 1,525 268,420 130,264 1,580 55 3.59%8416072C4 vandyke BE 159,310 74,731 881 159,310 77,313 913 33 3.69%842023530 douglas BE 224,110 105,129 1,264 224,110 108,760 1,309 46 3.62%84211940J naumann BE 155,410 72,902 857 155,410 75,420 889 32 3.70%841533879 clow BE 111,150 52,140 596 111,150 53,941 619 23 3.81%841601505 endresen BE 235,146 110,306 1,329 235,146 114,116 1,377 48 3.61%

Sample Total 16,861,744 7,909,743 93,552 16,865,934 8,185,021 97,020 3,469 3.71%

City-wide average on existing residential properties from 1/1/10 tax rolls 2,255,170,983 1,055,936,169 13,323,170 2,259,168,313 1,094,575,373 13,810,025 486,855 3.65%

2011/122010/11

33

City of BettendorfProperty Tax Levy Impact on 27 Commercial PropertiesFY 2010/11 vs. FY 2011/12

1/1/09 City 1/1/10 City

Assessed Value 100.0000% Taxes Assessed Value 100.0000% Taxes

Collectible Rollback 12.60000 Collectible Rollback 12.60000 Tax $ Tax %

FY 2010/11 Applied 2010/11 FY 2011/12 Applied 2011/12 Inc (Dec) Inc (Dec)

Grocery Store/Strip mall 11,434,230 11,434,230 144,071 11,434,230 11,434,230 144,071 - 0.00% Hy-Vee, Middle and Devils Glen. (New const. 2006)

Convenience Store 556,520 556,520 7,012 556,520 556,520 7,012 - 0.00% Bridge Mart

Apartment Buildings 13,327,650 13,327,650 167,928 13,327,650 13,327,650 167,928 - 0.00% Chateau Knoll

Hotel 3,900,000 3,900,000 49,140 3,708,970 3,708,970 46,733 (2,407) -4.90% Jumers

Bank/Credit Union/Mortgage Co. 3,052,970 3,052,970 38,467 3,052,970 3,052,970 38,467 - 0.00% Northwest Bank

Bank/Credit Union/Mortgage Co. 856,100 856,100 10,787 856,100 856,100 10,787 - 0.00% American Bank & Trust, 1855 Middle Rd.

Real Estate/Mortgage 3,831,970 3,831,970 48,283 3,831,970 3,831,970 48,283 - 0.00% Mel Foster Co. 2102 Spruce Hills. (Int. Remodel 2006)

Dental office 361,420 361,420 4,554 361,420 361,420 4,554 - 0.00% Byrum

Restaurant 993,300 993,300 12,516 993,300 993,300 12,516 - 0.00% Old Chicago

Physicians' Offices 454,810 454,810 5,731 454,810 454,810 5,731 - 0.00% Dr. TLC Healthcare

Auto Repair 78,780 78,780 993 78,780 78,780 993 - 0.00% Bettendorf Muffler

Restaurant 290,790 290,790 3,664 290,790 290,790 3,664 - 0.00% Trattoria Tiramisu

Retail store 249,730 249,730 3,147 249,730 249,730 3,147 - 0.00% Steve's Mirror

Restaurant 747,290 747,290 9,416 747,290 747,290 9,416 - 0.00% McDonalds, 2960 State St.

Motel 823,980 823,980 10,382 823,980 823,980 10,382 - 0.00% Twin Bridges

Restaurant 693,500 693,500 8,738 693,500 693,500 8,738 - 0.00% Happy Joe's

Bank/Credit Union/Mortgage Co. 1,179,600 1,179,600 14,863 1,179,600 1,179,600 14,863 - 0.00% US Bank, 3120 Middle Rd.

Physicians' Offices 5,342,790 5,342,790 67,319 5,342,790 5,342,790 67,319 - 0.00% Lincoln Health Care, 865 Lincoln Rd. (Int. Remodel 2005)

Restaurant 287,980 287,980 3,629 287,980 287,980 3,629 - 0.00% Su Casa

Grocery Store 2,958,490 2,958,490 37,277 2,958,490 2,958,490 37,277 - 0.00% HyVee

Insurance 535,530 535,530 6,748 535,530 535,530 6,748 - 0.00% Nelson Bros. Property, 940 Lincoln Rd. (Furnace 2006)

Bank/Credit Union/Mortgage Co. 1,065,520 1,065,520 13,426 1,065,520 1,065,520 13,426 - 0.00% Ascentra C.U. 1710 Grant St. (Int. Remodel 2006)

Veterinarian 519,600 519,600 6,547 519,600 519,600 6,547 - 0.00% Bettendorf Vet. Hosp

Hardware Store 1,099,210 1,099,210 13,850 1,099,210 1,099,210 13,850 - 0.00% K&K Hardware. (Int. Remodel 2006)

Fitness Center 428,690 428,690 5,401 428,690 428,690 5,401 - 0.00% Ultimate Fitness

Bank 370,470 370,470 4,668 370,470 370,470 4,668 - 0.00% FirstCIty Mortgage

Rental Hall 923,570 923,570 11,637 928,670 928,670 11,701 64 0.55% Tanglewood LLC, 4250 Middle Rd

Apartment Buildings 747,930 747,930 9,424 747,930 747,930 9,424 - 0.00%

SAMPLE TOTAL 57,112,420 57,112,420 719,616 56,926,490 56,926,490 717,274 (2,343) -0.33%City-wide average on existing commercial properties from 1/1/10 Tax rolls 443,808,680 443,808,680 6,045,315 440,422,240 440,422,240 6,002,646 -42,669 -0.71%

2011/122010/11

34

Taxable vs. Assessed Values20 Year Percentage Comparison (Existing values only)

35

Impact of State Mandated Rollback, Residential vs. Commercial PropertyTwenty Year % Comparison (Existing values only - includes no new construction since 1/1/90)Residential Property: 1.59% average annual taxable growth

Cumulative % change Taxable value on Cumulative % changeCertified Fiscal Year 100% assessed on 100% assessments existing residential taxable assessments

Assessed Property Taxes 100% assessed value on existing since 1/1/90 (no new construction Rollback since 1/1/90Values Collectible Residential residential since 1/1/90 Existing Residential since 1/1/90) Percentage Existing Residential

1/1/10 FY 2011/12 2,297,881,930 1,249,460,955 115.82% 606,363,402 48.53% 31.81%1/1/09 FY 2010/11 2,258,845,950 1,247,253,773 115.44% 585,079,261 46.91% 27.19%1/1/08 FY 2009/10 2,199,402,020 1,240,369,026 114.25% 565,484,239 45.59% 22.93%1/1/07 FY 2008/09 2,142,522,560 1,234,043,378 113.16% 543,970,023 44.08% 18.25%1/1/06 FY 2007/08 1,921,741,462 1,138,826,167 96.71% 518,844,646 45.56% 12.79%1/1/05 FY 2006/07 1,851,303,035 1,139,587,536 96.84% 524,164,683 46.00% 13.94%1/1/04 FY 2005/06 1,802,353,610 1,137,132,043 96.42% 545,416,287 47.96% 18.56%

1/1/03 FY 2004/05 1,655,100,277 1,062,836,093 83.59% 515,005,731 48.46% 11.95%

1/1/02 FY 2003/04 1,510,474,260 989,740,089 70.96% 508,601,699 51.39% 10.56%

1/1/01 FY 2002/03 1,466,869,955 985,690,079 70.26% 509,282,407 51.67% 10.71%

1/1/00 FY 2001/02 1,300,890,182 900,377,215 55.52% 506,598,141 56.27% 10.13%

1/1/99 FY 2000/01 1,257,209,063 895,854,020 54.74% 491,398,326 54.85% 6.82%

1/1/98 FY 1999/00 1,132,752,657 825,978,021 42.67% 466,503,300 56.48% 1.41%

1/1/97 FY 1998/99 1,101,578,914 822,642,784 42.10% 451,704,926 54.91% (1.81%)

1/1/96 FY 1997/98 1,013,029,476 772,605,755 33.45% 454,511,604 58.83% (1.20%)

1/1/95 FY 1996/97 991,901,474 773,567,785 33.62% 458,880,410 59.32% (0.25%)

1/1/94 FY 1995/96 880,176,451 710,528,993 22.73% 479,607,070 67.50% 4.26%

1/1/93 FY 1994/95 845,232,209 711,197,705 22.85% 483,898,918 68.04% 5.19%

1/1/92 FY 1993/94 720,003,808 638,545,937 10.30% 464,222,896 72.70% 0.91%

1/1/91 FY 1992/93 678,563,569 638,207,492 10.24% 466,274,394 73.06% 1.36%

1/1/90 FY 1991/92 587,712,132 578,929,322 460,017,239 79.46%

Commercial Property: 3.82% average annual taxable growthCumulative % change Taxable value on Cumulative % change

Certified Fiscal Year 100% assessed on 100% assessments existing commercial taxable assessments

Assessed Property Taxes 100% assessed value on existing since 1/1/90 (no new construction Rollback since 1/1/90

Values Collectible Commercial commercial since 1/1/90Existing Commercial since 1/1/90) Percentage Existing Commercial

1/1/10 FY 2011/12 535,078,920 279,675,899 75.46% 279,675,899 100.00% 76.59%

1/1/09 FY 2010/11 534,473,860 291,060,961 82.60% 291,060,961 100.00% 83.78%

1/1/08 FY 2009/10 545,421,460 306,358,844 92.20% 306,358,844 100.00% 93.44%

1/1/07 FY 2008/09 535,220,670 291,890,475 83.12% 291,890,475 100.00% 84.30%

1/1/06 FY 2007/08 456,010,880 266,601,798 67.26% 266,601,798 100.00% 68.33%

1/1/05 FY 2006/07 402,093,800 267,015,681 67.52% 264,748,451 99.15% 67.16%

1/1/04 FY 2005/06 391,126,833 268,515,701 68.46% 268,515,701 100.00% 69.54%

1/1/03 FY 2004/05 382,722,840 260,144,636 63.21% 258,211,762 99.26% 63.04%

1/1/02 FY 2003/04 341,228,078 234,921,189 47.38% 234,921,189 100.00% 48.33%

1/1/01 FY 2002/03 341,161,515 238,910,040 49.88% 233,582,585 97.77% 47.49%

1/1/00 FY 2001/02 336,779,515 239,386,272 50.18% 239,386,272 100.00% 51.15%

1/1/99 FY 2000/01 323,187,921 231,846,154 45.45% 228,994,447 98.77% 44.59%

1/1/98 FY 1999/00 296,526,983 218,062,371 36.80% 218,062,371 100.00% 37.69%

1/1/97 FY 1998/99 247,821,390 204,022,878 28.00% 203,410,809 99.70% 28.43%

1/1/96 FY 1997/98 239,447,226 203,520,370 27.68% 202,909,809 99.70% 28.12%

1/1/95 FY 1996/97 241,340,861 206,440,659 29.51% 200,226,795 96.99% 26.42%

1/1/94 FY 1995/96 214,245,464 185,453,450 16.35% 184,730,181 99.61% 16.64%

1/1/93 FY 1994/95 215,596,896 188,043,781 17.97% 187,348,019 99.63% 18.29%

1/1/92 FY 1993/94 183,071,271 165,233,285 3.66% 164,588,875 99.61% 3.92%

1/1/91 FY 1992/93 171,593,987 162,765,927 2.11% 161,903,268 99.47% 2.23%

1/1/90 FY 1991/92 159,396,984 159,396,984 158,376,843 99.36%

36

City, School District, Tax RateResidential Assessed

Value of $250,000Commercial Assessed

Value of $500,000

City of Bettendorf, Bettendorf School District, $35.26282 per $1,000 value

$3,964 $17,631

City of Davenport, Davenport School District, $40.25165 per $1,000 value

$4,525 $20,126

City of Moline, School District #40, Moline Township code #1, $8.8035 per $100 value

$6,896 $14,673

City of Rock Island, School District #41, South Rock Island township code #2, $9.2693 per $100

value$7,261 $15,449

Iowa: Rollback on residential property: 46.9094% Rollback on commercial property: 100% Homestead exemption on residential property $4,850 subtracted from taxable value.Illinois: Residential property assessed at 1/3 total value. Commercial property assessed at 1/3 total value. Homestead exemption on residential property, up to $5,000 subtracted from 1/3 assessed value.

and Metro transit.

Property Tax Comparisonfor January 1, 2009 assessed valuations (current year)

The property tax comparison above reflects that the City of Bettendorf offers the most affordable property taxes on residential property in the Quad city area. City of Bettendorf taxes on commercial property remain competitive.

Township codes include taxes for the county, township, city, airport authority, Blackhawk College

37

LEVY RATE COMPARISONCERTIFIED LEVIES PER $ 1,000 VALUATION

Fiscal Year City School County Assessor Area IX Other Total Levy

City of Bettendorf/Bettendorf Schools:

2010/11 $12.60000 $15.00820 $6.37607 $0.28465 $0.92444 $0.06946 $35.26282

City of Davenport/Davenport Schools:

2010/11 $15.53000 $17.11276 $6.37607 $0.23892 $0.92444 $0.06946 $40.25165

38

Governor’s Proposed Reduction in Commercial Property taxable valuation - 40 % rollback in 5 years

Governor’s proposed limitation on residential growth to 2% from 4%

Increase in Gaming Taxes for casinos from 22% to 36% Local Impact

Mandated increase in Police/Fire Pension contributions

Other Issues:

Results of Census and impact ADA Implications - Sidewalks Sewer utility – impact of waste water treatment plant

improvements and proposed equalization basin - $49 million

Potential Legislative Issues

39

Budget Issues for Discussion 1) Review Major Revenue Sources 2) Review Fund Equity Balances across all funds 3) Discuss Governor’s Proposal on Commercial

Property Tax Rollback 40% rollback in 5 years Effective 7/1/12

4) Review Latest Census #’s if available and impact 5) Review & establish Road Use Salt Budget and

possible migration towards a more liquid application program – Purchase Brine Maker & 2 Applicators

6) Review Funding Support for all Enterprise Funds Gaming Increased Garbage Fee – 3% Increased Transit Fares – from $0.60 to $1.00

7) Review proposed Renewal for Health Insurance 8) Review Liability Insurance

40

Budget Issues for Discussion 9) Review Vehicle Purchases

Transition to Tahoe’s for Police 10) Review all other Capital Equipment and

Electronic Equipment Purchases 11) Address Solution to $150,000 General Fund

Shortfall Voluntary Separation Program – Impact

12) Discuss proposed Business Registration Program - $15,000 new revenue

13) Questions & comments on 5-year CIP Program & authorization to proceed with issuance of:

$15 million bonds for CIP $2 million bonds for Sewer

14) Administrative recommendation to defer Fire Chief’s staffing plan

15) Establish the Levy Rate: Administrative recommendation to hold the levy rate at the current $12.60 per $1,000 taxable value

41

Questions and

Answers

42

FY 2007/08 FY 2008/09 FY 2009/10 FY 2010/11 FY 2011/12 PercentSource Actual Actual Actual Budget Budget of total

Property Taxes 18,839,267 18,384,425 19,267,371 19,874,584 20,800,360 30.50%

TIF Revenues 3,172,985 3,377,334 3,499,290 3,061,408 2,330,787 3.42%

Other Ci ty Taxes 6,340,761 7,999,085 7,732,033 7,985,444 8,055,986 11.81%

Licenses & Permits 568,524 448,101 701,073 619,060 645,060 0.95%

Use of Money 1,731,229 1,484,474 935,572 1,039,707 1,086,601 1.59%

Intergovernmental 5,792,330 5,257,223 5,976,283 9,114,850 5,296,572 7.77%

Charges for Services 11,838,119 13,139,505 14,461,099 17,088,687 17,446,342 25.59%

Specia l Assessments 14,135 12,163 15,577 30,000 32,000 0.05%

Miscel laneous 1,214,596 2,143,534 2,163,593 1,976,716 1,692,297 2.48%

Other fi nancing sources 5,028,738 1,215,985 2,037,368 976,157 451,500 0.66%

Bond Proceeds 10,670,466 13,733,339 21,725,000 15,245,000 10,350,000 15.18%

Total Revenues 65,211,150 67,195,168 78,514,259 77,011,613 68,187,505 100.00%

Total Net of Bond Proceeds 54,540,684 53,461,829 56,789,259 61,766,613 57,837,505

Bond Proceeds 10,670,466 13,733,339 21,725,000 15,245,000 10,350,000

City of BettendorfTotal Revenue by Source

All Funds, net of TransfersFY 2011/12 Budget

44

City of Bettendorf, IowaExpenditures by Fund, net of Transfers

FY 2011/12 BudgetFY 2007/08 FY 2008/09 FY 2009/10 FY 2010/11 FY 2011/12 From 10/11 Estimate

Fund Actual Actual Actual Estimate Budget % Change $ Change

General Fund 16,048,767 16,739,762 17,890,655 17,479,177 18,055,638 3.30% 576,461

Road Use Tax 3,242,113 4,259,091 3,359,143 3,183,262 3,259,029 2.38% 75,767

HUD Section 8 464,381 429,441 450,410 445,223 441,236 (0.90%) (3,987)

Economic Development 252,470 179,023 174,205 192,481 203,667 5.81% 11,186

Bettendorf Fund 2,881 30,984 2,691 454,200 204,200 (55.04%) (250,000)

Subdivision deposits 31,196 25,469 16,253 15,000 15,000 0.00% 0

Chaplain's Petty Cash 3,362 2,533 5,633 7,500 7,500 0.00% 0

City Drug/Seizure 0 0 0 12,500 3,500 (72.00%) (9,000)

Federal Drug/Seizure 19,110 6,014 6,192 15,000 15,000 0.00% 0

Police & Fire Pension Excess 283 108 0 0 0

Library Open Access 34,323 11,104 21,029 53,000 50,000 (5.66%) (3,000)

Interlibrary Loan 667 2,564 2,254 3,000 3,000 0.00% 0

Enrich Iowa 1,705 19,647 27,405 20,500 20,500 0.00% 0

Kakert Estate 2,807 10,995 14,288 1,000 1,000 0.00% 0

Library Gift Fund 51,019 46,742 84,937 59,000 59,000 0.00% 0

LeClair Bequest 0 55,718 0 0 0 0

City Tree Planting Program 15,754 14,913 9,247 9,750 9,750 0.00% 0

City Beautification 75,573 79,486 76,909 80,000 80,000 0.00% 0

Old Fashioned 4th of July 67,312 57,112 65,763 62,595 66,425 6.12% 3,830

TIF Districts 2,177,661 2,613,585 2,109,702 2,251,642 966,385 (57.08%) (1,285,257)

Mississippi River Flood/Jump St 80,616 153,856 43,525 3,359 0 (100.00%) (3,359)

Total Special Revenue Funds 6,523,233 7,998,385 6,469,586 6,869,012 5,405,192 (21.31%) (1,463,820)

Debt Service Fund 10,255,744 6,503,779 6,921,818 15,435,139 8,878,670 (42.48%) (6,556,469)

Capital Projects 8,540,453 19,357,433 22,115,302 22,263,774 12,034,000 (45.95%) (10,229,774)

Vehicle Replacement 586,548 1,244,817 776,210 526,648 352,500 (33.07%) (174,148)

Electronic Equipment 264,717 157,843 39,034 134,416 137,840 2.55% 3,424

Geo Thuenen Dr. Overpass 443 0 0 100,000 0 (100,000)

Total Capital Funds 9,392,161 20,760,093 22,930,546 23,024,838 12,524,340 (45.61%) (10,500,498)

Sewer Utility 2,916,848 2,972,940 3,192,293 3,411,926 3,563,299 4.44% 151,373

Recycling/Solid Waste Management 1,696,187 1,778,849 1,783,049 1,961,694 2,064,877 5.26% 103,183

Family Museum for Arts & Science 1,704,593 1,923,179 1,968,583 1,913,077 1,945,086 1.67% 32,009

Palmer Hills Golf Course 1,219,699 1,224,823 1,240,257 1,262,131 1,229,656 (2.57%) (32,475)

Life Fitness Center 873,082 857,346 834,539 901,438 917,511 1.78% 16,073

Aquatic Center 469,785 488,897 477,550 504,602 560,118 11.00% 55,516

Stormwater Utility 789,383 617,222 760,076 904,040 885,568 (2.04%) (18,472)

Transit 1,210,287 1,246,024 1,491,525 1,907,183 1,920,695 0.71% 13,512

QC Watefront Convention Center 91,705 2,129,540 3,469,379 5,298,395 5,260,249 (0.72%) (38,146)

Total Enterprise Funds 10,971,569 13,238,820 15,217,251 18,064,486 18,347,059 1.56% 282,573

Employee Health Insurance 2,330,055 2,541,496 2,826,770 2,719,408 2,923,544 7.51% 204,136

Risk Management 833,827 858,324 760,745 793,074 804,409 1.43% 11,335

Information Services 592,253 567,000 586,409 663,192 665,249 0.31% 2,057

Municipal Garage 1,360,389 1,412,938 1,359,178 1,427,697 1,427,411 (0.02%) (286)

Total Internal Service Funds 5,116,524 5,379,758 5,533,102 5,603,371 5,820,613 3.88% 217,242Total net of Transfers 58,307,998 70,620,597 74,962,958 86,476,023 69,031,512 (20.17%) (17,444,511)Total net of Transfers, Economic Development, Debt Service, Capital projects, Educational Center and Event Center 38,315,918 41,048,162 41,467,010 42,525,170 42,164,586 (0.85%) (360,584)

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City of Bettendorf, IowaAssessed and Taxable Valuations, All Property Types

Fiscal Years 2002/03 through 2011/12Assessed Taxable Percent of Assessed Taxable Percent of

Property Type Value Value Assessed Value Value Assessed

FY 2002/03 FY 2003/04

Residential 1,466,869,955 756,758,149 51.59% 1,508,179,680 773,898,748 51.31%

Commercial 278,725,560 271,135,475 97.28% 274,969,629 274,969,629 100.00%

Industrial 15,396,453 15,396,453 100.00% 17,287,710 17,287,710 100.00%

Machinery & Equipment 6,746,181 6,746,181 100.00% 4,505,732 4,505,732 100.00%

Public Utility 17,534,839 17,533,490 99.99% 17,670,824 17,670,824 100.00%

Less Military Exemptions 0 (4,651,525) N/A 0 (4,574,440) N/A

Total 1,785,272,988 1,062,918,223 59.54% 1,822,613,575 1,083,758,203 59.46%

Agricultural 5,954,158 5,954,158 100.00% 5,878,051 5,878,051 100.00%

FY 2004/05 FY 2005/06

Residential 1,652,161,490 799,053,188 48.36% 1,798,988,393 861,119,222 47.8669%

Commercial 338,690,940 335,897,927 99.18% 341,209,113 341,209,113 100.00%

Industrial 13,400,078 13,400,078 100.00% 13,455,769 13,455,769 100.00%

Machinery & Equipment 0 0 0.00% 0 0 0.00%

Public Utility 15,445,981 15,445,981 100.00% 15,613,994 15,613,994 100.00%


Total 2,019,698,489 1,159,280,146 57.40% 2,169,267,269 1,226,940,334 56.56%

Agricultural 4,700,968 4,700,968 100.00% 4,529,273 4,529,273 100.00%

FY 2006/07 FY 2007/08

Residential 1,851,303,035 849,673,860 45.8960% 1,921,741,462 875,453,849 45.5552%

Commercial 347,801,087 344,386,888 99.02% 351,218,507 351,218,507 100.00%

Industrial 14,809,173 14,809,173 100.00% 20,010,233 20,010,233 100.00%


Public Utility 15,077,966 15,076,278 99.99% 14,536,012 14,536,012 100.00%


Total 2,228,991,261 1,219,548,730 54.71% 2,307,506,214 1,256,829,365 54.47%

Agricultural 4,459,440 4,459,440 100.00% 4,437,370 4,437,370 100.00%

FY 2008/09 FY 2009/10

Residential 2,138,636,766 940,544,456 43.9787% 2,199,236,152 1,002,526,162 45.5852%

Commercial 430,585,395 429,146,718 99.67% 441,241,852 441,241,852 100.00%

Industrial 20,661,813 20,661,813 100.00% 16,391,700 16,391,700 100.00%


Public Utility 14,365,946 14,364,871 99.99% 14,034,322 14,034,322 100.00%


Total 2,604,249,920 1,400,436,964 53.78% 2,670,904,026 1,469,948,330 55.04%

Agricultural 4,692,920 4,228,430 90.10% 4,727,390 4,436,980 93.86%

FY 2010/11 FY 2011/12

Residential 2,255,170,983 1,055,936,169 46.8229% 2,295,440,702 1,112,718,414 48.4752%

Commercial 443,808,680 443,808,680 100.00% 466,519,335 466,519,335 100.00%

Industrial 21,782,851 21,782,851 100.00% 26,141,962 26,141,962 100.00%


Public Utility 14,232,920 14,232,920 100.00% 14,671,227 14,671,227 100.00%


Total 2,734,995,434 1,531,563,066 56.00% 2,802,773,226 1,615,853,384 57.65%

Agricultural 6,407,620 4,246,425 66.27% 6,382,570 4,404,936 69.02%

Budget Highlights $ 80.2 million Fiscal Year 2011/12 1.

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