Key Financial and Operational Information

  1. Financial Advisory Representation – please indicate whether the unit currently engages a financial advisor or consultant in connection with budget, revenue forecasting, or fiscal planning. If so, please identify the firm and the primary contact individual.
  2. MUST Goals / Fiscal Priorities – Please describe the unit’s primary goals and objectives for the MUST meeting.
  3. Levy and Property Tax Capacity
    1. History of maximum levy vs. certified levy (5 years)
    2. Occurrence and amount of levy excess (5 years)
    3. History of excess levy appeals (years, amounts, types, outcomes; 5 years)
    4. Current circuit breaker (tax cap) losses
    5. Does the unit have a cumulative fund established
  4. Local Income Tax (LIT) Distributions & Dependency
    1. Current LIT certified distribution amounts
    2. Share of total budget funded by LIT
    3. Trends in LIT distributions over time
    4. LIT receipted funds cash balance as a percentage of annual expenditure
  5. Other Local Revenue Sources
    1. Does the unit have a municipal food & beverage tax (rate, revenue, use)
    2. Does the unit have a municipal surtax/wheel tax (rate, revenue, use)
    3. Any other significant local-option revenues
  6. Fund Balances & Financial Position
    1. Fund balances by major operating fund
    2. Fund balances as a % of annual expenditures
    3. Cash flow trends
    4. Rainy day or reserve policies
  7. Debt & Long-Term Obligations
    1. Outstanding debt service obligations
      1. Separated by source of repayment
    2. Upcoming debt issuances or planned capital projects
    3. Debt service as a % of total budget
    4. Debt service as a % of total debt capacity
  8. Tax Base & Growth Trends
    1. Assessed Value (AV) trends (net and gross)
    2. New construction / AV growth history
    3. TIF incremental AV
  9. Tax Increment Financing (TIF) Exposure
    1. Number of TIF districts by unit
    2. Number of parcels captured within each TIF district
    3. TIF District Details (by TIF ID #)
      1. Gross Assessed Value
      2. Net Assessed Value