Budget Summary & Trends
The 2012-13 budgeted revenues total $77.8 million and include the following major components for the governmental fund types:
- Local Property Tax – 49%
- Federal Aids/Grants – 19%
- Tuition and Fees – 13%
- State Aids/Grants – 6%
- Debt Proceeds – 8%
- Institutional Revenues – 5%
As noted, the Local Property Tax represents the major source of support for the general operation and capital needs of Moraine Park. Although the College is authorized as a taxing agency, there is a statutory rule limiting the operational mill rate of the College to no more than 1.50 mills. The following table documents related trend data:
| Mill Rate | |||||||
|---|---|---|---|---|---|---|---|
| Tax Year | Total Levy | % Change | Equalized Value | % Change | Operational | Debt | Total |
| 2012-13 | $36,147,317 | 0.56 | $23,907,975,291 | (1.50) | 1.26097 | .25096 | 1.51193 |
| 2011-12 | $35,947,317 | (0.14) | $24,272,056,133 | (1.83) | 1.24206 | .23896 | 1.48102 |
| 2010-11 | $35,997,317 | 2.80 | $24,725,264,984 | (2.16) | 1.21929 | .23660 | 1.45589 |
| 2009-10 | $35,016,845 | 3.99 | $25,270,475,530 | 1.77 | 1.15716 | .22852 | 1.38568 |
| 2008-09 | $33,673,281 | 4.00 | $25,077,484,948 | 3.80 | 1.10184 | .24093 | 1.34277 |
| 2007-08 | $32,378,155 | 4.00 | $24,160,329,071 | 6.28 | 1.09180 | .24834 | 1.34014 |
The Mill Rate calculation is the ratio of total levy to equalized value multiplied by 1,000. Therefore, a taxpayer with a home valued at $150,000 will pay $226.79 to support Moraine Park for the 2012-13 tax year. This compares to a payment of $222.15 for the previous year — an increase of $4.64.
The 2012-13 budgeted expenditures total $86.5 million and include the following major components for the governmental fund types:
- Personnel Services – 50%
- Current Expenses – 34%
- Debt Service – 8%
- Capital Projects – 8%