Budget Summary & Trends

The 2013-14 budgeted revenues total $79.5 million and include the following major components for the governmental fund types:

  • Local Property Tax – 48%
  • Federal Aids/Grants – 19%
  • Tuition and Fees – 13%
  • State Aids/Grants – 6%
  • Debt Proceeds – 8%
  • Institutional Revenues – 6%

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 currently 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
2013-14 $36,337,317 0.53 $23,110,860,722 (1.50) 1.31268 .25962 1.57230
2012-13 $36,147,317 0.56 $23,462,802,763 (3.33) 1.28490 .25572 1.54062
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 $235.85 to support Moraine Park for the 2013-14 tax year.  This compares to a payment of $231.09 for the previous year — an increase of $4.76.

The 2013-14 budgeted expenditures total $86.4 million and include the following major components for the governmental fund types:

  • Personnel Services – 49%
  • Current Expenses – 36%
  • Debt Service – 8%
  • Capital Projects – 7%