1

Budget HighlightsPublic Information Meeting 2/19/14

$ 89.8 million

Fiscal Year 2014/15

2

Maintains the levy rate at $12.55 Funds final agreements with all bargaining

units• Within Mayor & Council’s guidelines

Reduces reliance on Gaming Revenue to supplement operating budgets. • Increases funding for one-time capital projects. • Increases available fund balance over the next 5 years.

Increases available fund balance in Sales Tax over the next 5 years

Provides funding for additional full-time positions

Funds an aggressive capital improvement program

FY 2014/15 Budget in Brief:

3

“Stays the course” and “follows the financial plan” we established several years ago and continues our history of:

Conservative spending

Maintaining healthy cash reserves

Strong fiscal planning and adherence to fiscal

policies

We continue to realize:

Stable revenue streams

Significant levy growth available under $8.10

and ability to implement benefit levies.

FY 2014/15 Budget

4

First Key Area: We continue to recognize the need for human resources and operating budgets to grow as the city grows

For the first time in several years, we are recommending additional full-time positions for an Administrative Assistant in HR/Legal and Equipment Operators in Storm Water and Palmer Hills

We will continue to thoroughly review vacant positions in an effort to downsize, through restructuring and realignment of duties where possible.

Operating budgets reflect only marginal increases

Under utilized and/or outdated programs and services continue to be reviewed for future funding

In an effort to continue offering Premier Services to our Citizens, we seek balance in Three Key Areas:

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Second Key Area: We continue to fund an aggressive CIP program to maintain/upgrade our existing infrastructure and support our growing community with quality amenities.

FY 14/15 funds $15.4 million of capital projects and maintains the debt levy at $5.00 per $1,000 of taxable value

As a growing community we realize that financing an aggressive CIP program equates to having a higher debt levy rate and corresponding debt margin ratio than many comparable cities.

The 5-year plan does however, decrease our debt margin ratio by 8% to just under 70% by the end of FY 18/19, while still allocating significant future tax dollars to support projects for our growing community.

We recognize the ongoing flexibility available to the City in reducing the debt levy and corresponding CIP projects if needed to balance future operating budgets.

Seeking Balance in Three Key Areas:

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Third Key Area: We remain committed to making the difficult decision of increasing revenues through taxes and user fees “incrementally”, if needed, to balance our budget annually as costs increase.

1.We do not endorse deferring or holding off on raising fees and taxes only to later “spike” the rates to balance the budget This year we are recommending maintaining the levy rate at

$12.55. However, the impact will be:

2.87% reduction to existing commercial property Offset by a 2.68% increase on existing residential property (Direct result of the NEW 5% rollback on commercial property)

The budget as proposed, also reflects marginal, “planned” increases in user fees for Garbage/Recycling, Storm Water, Sewer, LFC and Palmer Hills.

IMPACT: The City’s overall cost of services including property taxes, sewer and storm water fees and solid waste fees remains the 3rd lowest among our sample of 30 Iowa cities with populations of 10,000 or more.

Seeking Balance in Three Key Areas:

7

Property taxes31%

TIF revenues3.23%

Other city taxes14.17%

Licenses & permits1.23%

Use of money0.71%

Intergovernmental15.84%

Charges for services20.09%

Special assessments0.04% Miscellaneous

1.90%Other financing sources

3.23%

Source FY 13/14 FY 14/15Property taxes 22,997,618$ 23,816,801$ TIF revenues 2,023,819$ 1,943,186$ Other city taxes 8,232,469$ 8,534,186$ Licenses & permits 741,810$ 741,810$ Use of money 444,012$ 425,350$ Intergovernmental 6,324,082$ 9,537,046$ Charges for services 11,527,662$ 12,098,513$ Special assessments 24,295$ 24,295$ Miscellaneous 1,562,857$ 1,143,212$ Other financing sources 1,425,000$ 1,947,500$ Total net of transfers, internals & debt service 55,303,624$ 60,211,899$ Transfers in 6,157,987$ 9,628,621$ Bond proceeds 22,970,000$ -$ Internal Service Funds 6,961,983$ 7,453,566$ Total Budget 91,393,594$ 77,294,086$

Where the money comes from FY 14/15Net of transfers, Internal Service Funds & Debt Service

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Category FY 13/14 FY 14/15Public Safety 10,865,287 11,133,214 Public Works 3,373,238 3,396,189 Culture & Recreation 4,206,263 4,322,097 Community & Economic Development 1,799,971 1,751,122 General Government 3,715,645 3,873,643 Capital Projects 19,153,691 18,135,115 Business Type/Enterprises 16,920,826 17,498,726 Total net of transfers, internals & debt service 60,034,921 60,110,106 Transfers out 6,157,987 9,628,621 Debt Service 12,664,188 12,546,988 Internal Service Funds 6,992,783 7,478,026 Total Budget 85,849,879 89,763,741

Where the money goes FY 14/15Net of transfers, Internal Service Funds & Debt Service

9

Budget Highlights - FY 2014/15 Budget:

Bettendorf is one of a few Iowa cities with a General Fund levy below $8.10. This allows for future growth capacity of 48%, equating to nearly $5 million of potential property taxes.

In addition, the City has the ability to levy taxes for: ◦ IPERS & FICA ($1.54 million)◦ Emergency levy of $0.27 if

needed. ($504,000)

FY 13/14FY

14/15

General Fund $7.55 $5.44

Health Insurance 0 1.09

Liability Insurance 0 0.26

Police & Fire Pension 0 0.76

Debt Service $5.00 $5.00

Levy Rate $12.55 $12.55

1) Maintain the City’s Levy Rate at $12.55

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FY 14/15 Property Tax Impact ofMaintaining the $12.55 Levy of City Taxes:

Commercial (Rollback reduced from 100% to 95%) Impact - Avg. 2.87% decrease

$500,000 Assessed Value -$337.50 (-$28.13 per month)

Residential (Rollback increased from 52.8% to 54.4%) Impact – Avg. 2.68% increase

$100,000 Assessed Value +$19.86 ($1.66 per month)

$165,260 Assessed Value (Median) +$32.82 ($2.74 per month)

$250,000 Assessed Value +$49.65 ($4.14per month)

Direct result of the NEW 5% rollback on commercial property

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Property Tax Reform Shifts Tax Burden to Residential

Anticipate the trend of shifting tax burden to residential property owners to continue over the next several years.

08/09 14/15

66.76%

72.52%

30.46% 25.16%

Taxable value compar-ison, residential vs.

commercial

Residential Commercial

08/09 14/15

81.97%

81.95%

16.50% 16.39%

Gross value compar-ison, residential vs.

commercialResidential Commercial

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Taxes Current YearHow We Compare to Other Cities?Our sample of 30 Iowa Cities with populations > 10,000 in order by Total Levy Rate

CensusTaxable Value for

FY 13/14Taxable Value

per CapitaFY 13/14

Total Levy

FY 13/14 General

Fund LevyAltoona 14,541 530,352,184 36,473 9.14369 8.10000Urbandale 39,463 2,358,943,270 59,776 * 9.57000 7.12000Clive 15,447 1,168,535,269 75,648 * 9.98809 7.16982Pella 10,352 424,909,734 41,046 10.15104 7.96281Ames 58,965 2,325,969,651 39,447 10.85779 5.83418Dubuque 57,637 2,171,073,899 37,668 11.02586 8.10000North Liberty 13,374 544,158,125 40,688 11.03264 8.10000Johnston 17,278 1,098,210,845 63,561 * 11.15007 7.57474Spencer 11,233 418,997,002 37,301 11.83087 8.10000Cedar Falls 39,260 1,629,962,871 41,517 12.02123 8.10000Ankeny 45,582 2,139,253,981 46,932 12.02746 7.03301West Des Moines 56,609 3,923,658,149 69,312 * 12.05000 8.10000Bettendorf (FY 14/15 Levies) 33,217 1,858,056,843 55,937 12.55000 5.44000Carroll 10,103 413,003,607 40,879 12.90456 8.10000Waukee 13,790 540,750,146 39,213 13.50000 8.10000Coralville 18,907 844,374,100 44,659 13.52770 8.10000Storm Lake 10,600 285,648,465 26,948 13.55986 8.10000Fort Madison 11,051 253,219,772 22,914 14.88562 8.10000Newton 15,254 450,868,397 29,557 15.14762 8.10000Cedar Rapids 126,326 5,753,190,892 45,542 15.21621 8.10000Muscatine 22,886 798,621,557 34,896 15.67209 8.10000Burlington 25,663 665,354,977 25,927 15.80427 8.10000Keokuk 10,780 305,613,627 28,350 15.90039 8.10000Sioux City 82,684 2,274,551,959 27,509 16.24791 8.10000Davenport 99,685 4,012,995,573 40,257 16.78000 8.10000Iowa City 67,862 3,020,306,824 44,507 16.80522 8.10000Des Moines 203,433 6,595,509,088 32,421 16.92001 8.10000Waterloo 68,406 2,343,242,271 34,255 17.49319 8.10000Council Bluffs 62,230 2,382,385,522 38,284 17.75000 8.10000Ottumwa 25,023 630,134,013 25,182 20.30368 8.10000Average of 30 Cities 1,738,728,420 40,887 13.7272 7.8145*Source: Iowa Department of Management - Local Budget Division

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2) Provides funding for existing City services and several new programs:

FY 2014/15 Budget Highlights

Funds marginal increases to operating budgets. Largest increases resulting from Employee Health Insurance, Risk Management, utilities and fuel related costs.

Continues close monitoring of over-time, reductions in comp-time and a new vacation buy-back program

Funds Road Salt budget and liquid application program at $340,000

(Update on current year, announcement of national award)

Funds new “fly over” aerial mapping for GIS system at $45,000

Provides $30,000 for Emerald Ash Borer treatment and/or tree removal on city properties.

Extends funding of the Transit Loop service through FY 15/16 ($20,537 in FY 14/15)

Funds wage increases for all union and non-union employees

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Bargaining Unit FY 14/15 FY 15/16 Additional Remarks

Fire 1.9% COLA 1.9% COLA

Health insurance premiums and out-of-pocket increases

for all employees. Maintains grandfathered

status.

Police 1.9% COLA 1.9% COLA

AFSCME - General 1.9% COLA 1.9% COLA

AFSCME – Library 1.9% COLA 1.9% COLA

Non-UnionEmployees

1.9% COLA 1.9% COLA

3) Union ContractsFunds first year of two year contracts with all of our bargaining units

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4) Personnel Requests – 4 FTEs

Position Department

Administrative Assistant HR/Legal

Light Equipment Operator Storm Water

Heavy Equipment Operator Storm Water

Light Equipment Operator Palmer Hills G.C.

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5) Health Insurance –

FY 2014/15 Budget Highlights:

Premium and out-of-pocket increases for all employees

Received Wellmark renewal at 9.4% increase. (10-12% national average)

9 year average increase in claims: 8.69% (10-12% national average)

Maintain Specific Stop Loss at $70K

$1 million cash reserves available to fund claims up to maximum aggregate attachment point (125% of expected claims)

Agreed with all bargaining units to establish a health committee taskforce to continue to review changes in the health insurance market and potential future impacts to our plan that have mutual benefit

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6) Liability Insurance –

Total Liability Insurance up $70,467 or 10.37%. Of that, workers compensation fees make up $46,121

Mod rate reduced to .96 due to the Bettendorf losses being lower than statewide average losses.

Striving to manage our Work Comp insurance costs although…..

Continue to have increased wages A potential 10% State of Iowa published rate increase

on various job classifications is expected. Mod rate calculation under state review

FY 2014/15 Budget Highlights:

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FY 2014/15 Budget Highlights:7) Projects Major Revenues to remain Stable

Revenue source:FY 10/11 Actual

FY 11/12 Actual

FY 12/13 Actual

FY 13/14 Budget

FY 14/15 Budget

Property taxes 19,829,519 20,786,732 22,061,524 22,997,618 23,816,801

Charges for Services 15,468,962 16,525,874 17,691,232 18,434,275 19,498,079

Local Option Sales Tax 4,379,062 4,584,685 4,636,166 4,821,534 5,014,395

Road Use Tax 2,981,875 3,124,925 3,220,698 3,350,000 3,400,000

TIF Revenues 3,065,570 2,318,400 2,069,141 2,023,819 1,943,186

Gaming 1,658,400 1,608,845 1,582,204 1,500,000 1,500,000

Hotel/Motel Tax 803,119 738,376 782,972 800,000 808,000

Building Permits 503,290 558,859 575,138 625,500 625,500

Utility Tax 707,752 748,281 740,971 733,585 834,441

Cable Franchise 379,885 374,108 368,550 370,000 370,000

Total Major Revenues 49,777,434 51,369,085 53,728,596 55,656,331 57,810,402

Total All Revenues Net of Bond Proceeds, Other Financing Sources and Intergovernmental 52,901,996 54,149,370 54,971,666 57,875,725 59,953,895

10 Major Revenues as a % of All Revenues 94.09% 94.87% 97.74% 96.17% 96.42%

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

CalendarYear Number Value Number Value2013 3,500 $64,197,951 (1) 168 $41,651,6862012 3,416 $69,120,944 (2) 145 $36,595,1052011 3,294 $81,802,346 108 $34,107,9432010 2,951 $58,148,406 115 $28,361,9802009 2,700 $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 (3) 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 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

(1) Taxes on value of permits issued in 2013 w ill be collectible in FY 15/16.

(2) Taxes on value of permits issued in 2012 w ill be collectible in FY 14/15.

(3) 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

All PermitsNew Single-Family Attached &

Detached Homes

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8) Gaming Revenue - $1.5 million We are recommending a 5-year plan that:Reduces allocation of Gaming to supplement operating budgets: Increases allocation of Gaming to one-time capital projects: Projects ending fund balance at June 30, 2019: $1,000,000

FY 2014/15 Budget Highlights:

9) Sales Tax Revenue - $2 million We are recommending a 5-year plan that:Increases projected ending fund balance at June 30, 2019: $2,200,000

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FY 2014/15 Budget Highlights:10) Major Fund Balances remain stable

FundFY 10/11 Actual

FY 11/12 Actual

FY 12/13 Actual

FY 13/14 Projected

FY 14/15 Projected

General 5,358,631 5,514,282 5,525,889 5,526,222 5,531,572

% of expenditures 26.49% 26.72% 24.99% 26.38% 25.65%

Road Use 382,553 575,172 667,002 686,829 695,385

% of expenditures 10.57% 17.67% 20.59% 20.30% 20.59%

Gaming 85,692 98,214 111,678 173,816 344,708

Sales Tax 923,114 506,598 421,129 571,932 336,690

Vehicle 885,395 731,604 983,467 641,885 933,851

Electronic Equipment 675,351 502,844 419,761 381,561 339,661

Health Insurance 948,792 984,971 988,592 988,592 988,592

Risk Management 630,737 647,205 690,950 690,950 690,950

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$3.74 million

Forest Grove Rd Paving – Utica Ridge to International & Rec. Trail

$1.85 million

Hopewell Ave Paving – Middle to 18th Addition & Rec. Trail

$1.55 million

Utica Ridge Road: Spruce Hills to Tanglefoot Lane – 5 Lane

$1.4 million

Recreation Trails including: Crow Creek & Highway 67 to City Limits

$1.2 million

Street Reconstruction Program: Summit Hills, Olympia, Shadowbrook, Central & Halcyon

$1 million

Bridge Maintenance Program: Devils Glen at Spencer Creek

$900,00018th Street: Avalon to Spruce Hills & St. Johns to Crow Creek Rd.

$850,000 Downtown Improvements

$725,000 Full Depth Patching Program

11) Community Improvement Program 2014/15 Construction Season: $15.4 million

23

Community Improvement Program 2014/15 Construction Season: $15.4 million

$600,000 Street Resurfacing Program

$575,000Parks Projects: Facilities study, playgrounds, roadways, dredging, etc.

$300,000 Spruce Hills: Woodland to Avalon

$275,000 Sidewalk Program

$192,000 Various Traffic projects

$160,000 Rural Road Sealcoating Program

$150,000Various city-wide projects including Library space remodel

$100,000 Pavement Preservation Program

24

Enterprise Fund Projects FY 14/15: $105,000

Community Improvement Program continued

Palmer Hills Golf Course

Tee box, sand trap & cart path Improvements

$55,000

Family Museum Fence Replacement $50,000

25

Vehicle/Capital Equipment Requests

$520,000 Fire: 1st half of HAZMAT/Rescue vehicle paid in 14/15 ($260,000)

$335,500 Public Works: Truck Rehab Program (4 to 5 trucks), Van, ¾ ton Pick-up w/ plow, & Endloader

$265,534 Police: Armored ERU vehicle & Social Worker vehicle

$211,000 Parks: Utility Cart, 3 Pick-ups, Field Drag, 10’ mower, zero turn mower

$176,000 Solid Waste: Heavy Duty Rear Load Garbage Packer

$37,625 Storm Water: ¾ ton Pick-up

$30,000 Palmer Hills G.C.: Greens Roller & 2 Utility Carts

$26,000 Community Development: Small SUV for Code Enforcement

$197,100 New/Replacement Electronic Equipment

$138,801 New/Replacement Capital Equipment

$265,000 Replacements at QC Waterfront

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Solid Waste 3% effective 4/1/14

Storm Water $0.35 per ERU/mo effective 4/1/14

Sewer $0.20 per 100 cubic feet of flow effective 4/1/14

LFCSenior, College & Youth memberships increase 5%, personal training fees increased between 12% and 18% effective 7/1/14

Palmer Hills G.C.

$1 increase to 9-hole and Sundown greens fees effective 1/1/14

Splash Landing No fee increase.

Recreation $10 - $15 increase for adult softball teams, $5 increase for novice softball players, $2 increase for Parks t-shirts

Family Museum No fee increase. Fee structure to be examined.

Transit No fee increase.

FY 2014/15 Budget Highlights:12) User Fees - Continue to adjust user fees, when appropriate, to offset increases in the cost of programs.

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Proposed Solid Waste Fee Increase 3%

Continue 3% increases each April 1 to balance revenues and expenditures – BREAKEVEN

With the implementation of single stream recycling carts and trucks, 4% increases may be needed beginning 4/1/16.

City of BettendorfFY 2014/15 Budget ReviewGarbage Fees

Size

Current Monthly

Fee Annualized

Monthly fee

beginning 4/1/2014

Monthly Increase Annualized

Annual Increase

Monthly fee beginning

4/01/2015

Monthly fee beginning

4/01/2016

Monthly fee beginning

4/01/2017

Monthly fee beginning

4/01/2018

Monthly fee beginning

4/01/2019

Percentage increase 3.00% 3.00% 4.00% 4.00% 4.00% 4.00%

32 gallon/twice per mo 6.58 78.96 6.78 0.20 81.36 2.40 6.98 7.26 7.55 7.85 8.16

32 gallon 9.86 118.32 10.16 0.30 121.92 3.60 10.46 10.88 11.32 11.77 12.24

65 gallon 13.13 157.56 13.52 0.39 162.24 4.68 13.93 14.49 15.07 15.67 16.30

95 gallon 16.42 197.04 16.91 0.49 202.92 5.88 17.42 18.12 18.84 19.59 20.37

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Fee increases are primarily project driven. See CIP for details.$1.50 $2.00 $2.00 $2.00 $2.00 $2.35 $2.70 $3.05 $3.40 $3.75 $4.10 $4.26

$0.50$0.35

$0.35$0.35

$0.35$0.35

$0.35

4% 4%

FY 07/08

FY 08/09

FY 09/10

FY 10/11

FY 11/12

FY 12/13

FY 13/14

FY 14/15

FY 15/16

FY 16/17

FY 17/18

FY 18/19

Storm Water Rates with Planned Increases

Previous Rate Increase

City of BettendorfFY 2014/15 Budget ReviewStorm Water Fees

Current Rates

Rates beginning 4/1/2014 Increase

Beginning 4/01/2015

Beginning 4/01/2016

Beginning 4/01/2017

Beginning 4/01/2018

Beginning 4/01/2019

Rate Increase 0.35 0.35 0.35 0.35 0.16 0.17

Rate per ERU 2.70 3.05 0.35 3.40 3.75 4.10 4.26 4.43

Monthly Cost per Average ERU of 1.25 3.38 3.81 0.44 4.25 4.69 5.13 5.33 5.54

Annual Cost per Average ERU of 1.25 40.50 45.75 5.28 51.00 56.25 61.50 63.90 66.45

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5-year Storm Water Plan: $3.96 million (assumes hiring 2 FTEs):

$850,000Stafford Creek Bank Stabilization 18th to Crow Creek Rd., Tanglefoot – Maplecrest

$825,000 Small storm sewers, sewer linings, intake repair

$664,000 Small storm water projects and engineering

$485,000 Hopewell Creek detention at school

$400,000 Middle Rd. – Stafford Creek Culvert

$275,000Greenway Creek stabilization, Tanglefoot Terrace to Golden Valley Dr.

$200,000 Duck Creek stabilization phase VI

$150,000 Blackbird Creek bank stabilization

$115,000 West Pigeon Creek bank stabilization

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Fee increases are primarily project driven. See CIP for details.

$1.48 $1.68 $1.68 $1.68 $1.68 $1.88 $2.08 $2.28 $2.48 $2.68 $2.88 $2.97

$0.20 $0.20$0.20

$0.20$0.20

$.20 $.203% 3%

FY 07/08

FY 08/09

FY 09/10

FY 10/11

FY 11/12

FY 12/13

FY 13/14

FY 14/15

FY 15/16

FY 16/17

FY 17/18

FY 18/19

Sewer Rates with Planned IncreasesPrevious Rate Increase

City of BettendorfFY 2014/15 Budget ReviewSewer Fees

Current Rates

Rates Beginning 4/1/2014 Increase

Beginning 4/01/2015

Beginning 4/01/2016

Beginning 4/01/2017

Beginning 4/01/2018

Beginning 4/01/2019

Rate Increase 0.20 0.20 0.20 0.20 0.09 0.09

Rate per 100 cu.ft. 2.08 2.28 0.20 2.48 2.68 2.88 2.97 3.06Monthly Cost of Average Usage (7.33 cu.ft. per month) 15.25 16.71 1.47 18.18 19.64 21.11 21.77 22.43

Annual Cost of Average Usage 182.96 200.55 17.64 218.14 235.73 253.32 261.24 269.16

31

5-year Sewer Utility Plan: $7.5 million

$2.5 million

Joint sewer improvements with Davenport (19.81% Bettendorf)

$1.8 million

I-80 interceptor sewer: Spencer Creek tunneling

$1.6 million

Chimney seals, manhole rehab, sewer televising, pipe lining, etc.

$1 million

State and Grant sewer improvements in conjunction with I-74 project

$635,000 Various sewer improvements and engineering

32

Annual Impact of Property Taxes & Fee Changes in FY 14/15 Budget:

ResidentialMedian Value:

$165,260

Small BusinessValue: $500,000

City’s Portion of Property Tax

+$32.82(2.68% avg. increase)

-$313.75(2.87% avg. decrease)

Sewer Fees$2.28 per unit ($0.20 increase)

+$17.60(22 units/quarter)

+$45.60(57 units/quarter)

Storm Water Fees $3.05 per ERU ($0.35 increase)

+$4.20(1.00 ERU/month)

+$51.87(12.35 ERU/month)

Solid Waste Fees $13.52 per month (3% increase)(Based on 65 gal. Cart)

+$4.68 NA

Total Increase +$59.30(+$4.94 per Month)

-$216.28(-$18.02 per month)

Total Annual Cost of Services in FY 14/15

$1,490 $6,956

33

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of 30 Iowa Cities with 2010 Census populations of 10,000 or More*

Storm Water

Sewer

Solid Waste

Property Tax

*Assumptions: Bettendorf median home value of $165,260, 65 gallon or comparable garbage cart, sewer usage of 7.33 units per month (733 cu. ft.), and a Storm Water ERU of 1.00. For cities using private solid waste collection, the cost above reflects rates provided by private haulers. --Prepared by Bettendorf finance staff with FY 13/14 tax levies and service fees from city websites and billing departments as of 1/28/14.

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990.

99

Ank

eny;

991

.5

Wes

t Des

Moi

nes;

993

.36

Bett

endo

rf; 1

034.

58

Carr

oll;

1063

.81

Wau

kee;

111

2.89

Cora

lvill

e; 1

115.

17

Stor

m L

ake;

111

7.83

Fort

Mad

ison

; 12

27.1

2

New

ton;

124

8.71

Ceda

r Rap

ids;

125

4.37

Mus

cati

ne;

1291

.95

Burl

ingt

on; 1

302.

85

Keok

uk; 1

310.

77

Siou

x Ci

ty; 1

339.

42

Dav

enpo

rt; 1

383.

28

Iow

a Ci

ty; 1

385.

36

Des

Moi

nes;

139

4.82

Wat

erlo

o; 1

442.

08

Coun

cil B

luff

s; 1

463.

25

Ott

umw

a; 1

673.

76

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

FY 13/14 Cost of Property Taxes for Median Bettendorf ResidenceA sample of 30 Iowa Cities with 2010 Census populations of 10,000 or More*

*Assumptions: Bettendorf median home value of $165,260.--Prepared by Bettendorf finance staff with FY 13/14 tax levies.

35

Bett

endo

rf; 2

06.0

0

Ceda

r Rap

ids;

245

.26

Urb

anda

le; 2

48.5

2

Wat

erlo

o; 2

52.8

8

Spen

cer;

296

.19

Mus

cati

ne;

297.

58

Ceda

r Fal

ls;

303.

11

Cora

lvill

e; 3

11.6

6

Fort

Mad

ison

; 31

7.53

Am

es; 3

25.2

6

Dav

enpo

rt; 3

27.2

0

New

ton;

334

.31

Cliv

e; 3

40.6

4

Dub

uque

; 350

.96

Stor

m L

ake;

373

.04

John

ston

; 381

.94

Siou

x Ci

ty; 3

82.7

6

Wes

t Des

Moi

nes;

384

.53

Coun

cil B

luff

s; 3

95.9

9

Carr

oll;

400.

66

Des

Moi

nes;

400

.67

Iow

a Ci

ty; 4

00.8

8

Burl

ingt

on; 4

22.6

6

Pella

; 426

.60

Keok

uk; 4

97.2

9

Alt

oona

; 501

.25

Nor

th L

iber

ty; 5

10.7

8

Wau

kee;

554

.29

Ott

umw

a; 5

91.8

1

Ank

eny;

619

.25

$0

$100

$200

$300

$400

$500

$600

$700

FY 13/14 Cost of Sewer Utility Charges for Typical Bettendorf ResidenceA sample of 30 Iowa Cities with 2010 Census populations of 10,000 or More*

*Assumptions: Sewer usage of 7.33 units per month (733 cu. ft.) --Prepared by Bettendorf finance staff.

36

Pella

; 0.0

0

Nor

th L

iber

ty; 0

.00

New

ton;

0.0

0

Keok

uk; 0

.00

Coun

cil B

luff

s; 0

.00

Ott

umw

a; 0

.00

Fort

Mad

ison

; 12

.00

Urb

anda

le; 2

4.00

Cora

lvill

e; 2

4.00

Burl

ingt

on; 2

6.16

Dav

enpo

rt; 2

8.20

Bett

endo

rf; 3

2.40

Wat

erlo

o; 3

3.00

Ceda

r Fal

ls;

36.0

0

Carr

oll;

36.0

0

Stor

m L

ake;

36.

00

Iow

a Ci

ty; 3

6.00

Am

es; 4

1.40

Siou

x Ci

ty; 4

2.00

Wes

t Des

Moi

nes;

51.

00

Wau

kee;

51.

00

Alt

oona

; 54.

00

John

ston

; 54.

60

Ceda

r Rap

ids;

57.

36

Cliv

e; 6

3.48

Ank

eny;

66.

00

Dub

uque

; 67.

20

Spen

cer;

87.

96

Des

Moi

nes;

116

.88

Mus

cati

ne;

134.

40

$0

$20

$40

$60

$80

$100

$120

$140

$160

FY 13/14 Cost of Storm Water Utility Charges for Typical Bettendorf ResidenceA sample of 30 Iowa Cities with 2010 Census populations of 10,000 or More*

*Assumptions: Storm Water ERU of 1.00**No separate Storm Water fees.--Prepared by Bettendorf finance staff.

37

John

ston

; 123

.60

Alt

oona

; 132

.00

Wes

t Des

Moi

nes;

135

.00

Cliv

e; 1

37.4

0

Carr

oll;

149.

28

Bett

endo

rf; 1

57.5

6

Wat

erlo

o; 1

62.0

0

Dav

enpo

rt; 1

66.8

0

Des

Moi

nes;

171

.96

Urb

anda

le; 1

74.0

0

Burl

ingt

on; 1

74.0

0

Siou

x Ci

ty; 1

78.8

0

Fort

Mad

ison

; 18

0.00

New

ton;

182

.40

Pella

; 182

.64

Spen

cer;

186

.00

Iow

a Ci

ty; 1

86.0

0

Coun

cil B

luff

s; 1

92.0

0

Ott

umw

a; 1

95.6

0

Wau

kee;

196

.80

Ceda

r Fal

ls;

204.

00

Keok

uk; 2

04.0

0

Ceda

r Rap

ids;

222

.12

Cora

lvill

e; 2

28.0

0

Mus

cati

ne;

240.

00

Dub

uque

; 264

.00

Stor

m L

ake;

276

.00

Nor

th L

iber

ty; 2

99.4

0

Am

es; 3

15.0

0

Ank

eny;

315

.00

$0

$50

$100

$150

$200

$250

$300

$350

FY 13/14 Cost of Solid Waste Charges for Typical Bettendorf ResidenceA sample of 30 Iowa Cities with 2010 Census populations of 10,000 or More*

*Assumptions: 65 gallon or nearest comparable garbage cart. For cities using private waste collection, the cost reflects rates provided by private haulers.--Prepared by Bettendorf finance staff.

38

A balanced budget that maintains the current levy rate at $12.55 while reducing the reliance on Gaming Revenue for operational expenditures.

Despite holding the levy rate, Bettendorf homeowners will see a slight increase in the City portion of their tax bills in FY 14/15 due to the increase in the rollback on residential property.

Most commercial property owners will see a decrease in the City portion of their tax bills due to the 5% rollback on commercial property.

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