<strong>WAUKESHA</strong> <strong>COUNTY</strong>, WISCONSINNOTES TO FINANCIAL STATEMENTSDecember 31, 2010NOTE 3 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY (CONT’D)Budget and actual comparisons (excluding capital project revenues and expenses) of the County’senterprise and internal service funds for the year ended December 31, 2010 are as follows:RevenuesExpensesEnterprise FundsBudget Actual Budget ActualRadio Services* $ 1,129,635 $ 1,223,410 $ 1,117,890 $ 1,020,991Golf Courses 3,395,000 2,960,736 3,381,111 3,143,775Ice Arenas* 1,022,000 1,062,860 1,059,036 1,030,409Materials Recovery Facility 2,070,000 2,597,102 2,051,818 1,802,329Airport* 925,415 935,635 1,211,930 1,020,403Internal Service FundsRisk Mgmt/Self-Insurance $ 1,844,500 $ 1,915,137 $ 2,463,354 $ 2,435,581Health and Dental Insurance 19,863,000 19,649,807 20,346,000 19,914,798Vehicle Replacement 2,493,969 2,531,624 2,473,189 2,303,792Central Fleet Maintenance 3,483,928 3,060,789 3,568,004 3,222,534Communications 739,163 782,132 778,169 773,373Collections 680,140 691,378 808,766 797,301End User Technology Fund 5,550,145 5,586,520 7,358,636 5,865,577*Actual expenses exclude depreciation expense for capital assets acquired by grants externally restrictedfor capital acquisitions and construction (Radio Services, $220,875; Ice Arena, $84,634; Airport,$476,377).Budgetary amounts lapse at year-end, except for unexpended appropriations for capital projects, whichcarry forward to the ensuing year. The County Board, by ordinance, can authorize the carry forward ofprior year's unexpended appropriations to the ensuing year.B. EXCESS EXPENDITURES OVER APPROPRIATIONSNo funds had excess expenditures over appropriations.56
<strong>WAUKESHA</strong> <strong>COUNTY</strong>, WISCONSINNOTES TO FINANCIAL STATEMENTSDecember 31, 2010NOTE 3 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY (CONT’D)C. DEFICIT BALANCESNo funds had a deficit balance at December 31, 2010.D. PROPERTY TAX LEVY INCREASE LIMITSEnrolled 2009 <strong>Wisconsin</strong> Act 28 (2009-2011 State Biennium Budget Bill) imposed local property tax levyincrease limits for the 2010 and 2011 budget years. The law prohibits a County from increasing its totalproperty tax levy for the 2010 Budget by the greater of the percentage change in the county growth inequalized value due to new construction between the previous year and the current year or 3.0%. TheFederated Library system tax levy, debt service tax levy (including related refinancing and refunding) andbridge and culvert repair aids to towns paid with County tax levy are exempt from the levy limit. There isalso an exemption provision to allow for payments of consolidated (shared) services. The 2010 budgetmeets the tax levy limit as adopted in <strong>Wisconsin</strong> Act 28.E. PROPERTY TAX LEVY RATE LIMITSince 1993, limits have been imposed on the property tax levy rates for <strong>Wisconsin</strong> counties. There areseparate limits for the operating levy and the debt service levy. The baseline for the limits is the actual 1992tax rate adopted for the 1993 Budget. The operating levy rate and the debt levy rate cannot exceed thebaseline rates unless the county qualifies for one of the exceptions allowed under the statute, as describedbelow. The statute establishes specific penalties for failure to meet the freeze requirements. Among thepenalties for exceeding the limits is a reduction of state shared revenues and transportation aids.The operating levy rate can be exceeded only if responsibility for services is transferred to the county fromanother governmental unit (transfers by the county to other governmental units reduce the maximum rate) orif an increase in the maximum rate is approved by referendum.A county can exceed the debt service levy limit if the individual borrowing is adopted by at least threefourthsvote of the county board. The <strong>Waukesha</strong> County Board has adopted each debt issue since the taxlevy limits took effect by votes of greater than 3/4 of the members elect. Therefore, each note issued is notsubject to the debt service rate limit.The 2010 Budget is within both the operating and debt tax levy rate limitations contained in the state law,and is within the limit even without the exception from the debt service rate limits, which apply to theCounty’s obligations.57
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