Laserfiche WebLink
FORM B-1 2023 ADJUSTMENTS TO BASE BUDGET <br />DEPARTMENT #: 407 FUND: 101 <br />NAME:FINANCE <br />3 <br />Account #:4342 Amount (neg if decrease)$120 <br />TRUTH IN TAXATION <br />Description of Adjustment: <br />Benefits if done: <br />Implications if not done: <br />4 <br />Account #:4410 Amount (neg if decrease)$7,500 <br />CONTRACTED SERVICES <br />Description of Adjustment: <br />Benefits if done: <br />Implications if not done: <br />Assessment services contract with Anoka County. Service charges are based on the number of parcels, property <br />classification, and improvement status. Improved residential parcels are the driver behind the increase. The increase <br />represents getting the budget to actuals as well as anticipating for more growth in improved residential parcels. <br />Joint Powers Agreement was approved in December 2017 which covered 2019 through 2023 assessment services. <br />Increased number of parcels in which a Truth in Taxation notice must be mailed. Anoka County administers the Truth <br />in Taxation Statutes and the cost was $0.75 per parcel for 2020 notices and $0.77 per parcel for 2021 notices. With <br />the presumed addition of 160 parcels per year and increase to $0.79 per parcel, the City's cost will total $2,180 for <br />2022 notices to be paid in 2023. <br />M.S. 275.065, Subd. 4, states that the cost for administering TNT is to be apportioned to the taxing jurisdictions on the <br />basis of one-third allocation to the county, one-third to the cities and towns and one-third allocated to school districts. <br />23