8.1. SR 09-04-2012 Elk REQUEST FOR ACTION
River
To Item Number
Mayor and City Council 8.1
Agenda Section Meeting Date Prepared by
General Business September 4, 2012 Tim Simon, Finance Director
Item Description Reviewed by
2013 Tax Levies and Set Budget Meeting Date Cal Portner, City Administrator
Reviewed by
Action Requested
1. Adopt resolution authorizing the proposed property tax levy for collection in 2013.
2. Adopt resolution approving the Housing and Redevelopment Authority 2013 tax levy.
3. Adopt resolution approving the Elk River Economic Development Authority 2013 tax levy.
4. Motion to set the budget meeting at which public comment will be taken for December 3, 2012,
at 6:30 p.m.
Background/Discussion
The Council must approve the maximum tax levy for certification to the county auditor by September 15,
2012. Based on Council direction,the attached levy resolution calls for a levy identical to last year's total
levy in the amount of$10,275,815. This means the amount of taxes collected for the city will not increase
from last year.
Over the next several months we will review updated numbers and adjustments to finalize the budget for
adoption on December 3. The Economic Development Authority (EDA) will consider decertifying tax
increment financing (TIF) district 19 at its September or October meeting. TIF district 16 which is
considerably smaller will be considered by the Housing Redevelopment Authority (HRA) sometime in
December.
The HRA and EDA rates did not change from 2012 and have been approved by both commissions.
Financial Impact
Various tax levies for collection in 2013.
Attachments
■ Resolution authorizing the proposed property tax levy for collection in 2013
■ Resolution approving the Housing and Redevelopment Authority 2013 tax levy
■ Resolution approving the 2013 tax levy for economic development purposes for the Elk River
Economic Development Authority
■ 2013 General Fund Budget Summary
Action Motion by Second by Vote
N:\Public Bodies\City Council\Council RCA\Agenda Packet\09-04-2012\8.12013maximumtaxlevies.docx
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RESOLUTION 12 -
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE PROPOSED PROPERTY TAX LEVY
FOR COLLECTION |N2013
WHEREAS, the Elk River City Council has reviewed the City's anticipated
expenditures for all funds |n2O13; and,
WHEREAS, the Bh River City Council has considered projected revenues for
all funds in2013; and,
WHEREAS, revenues from sources other than property taxes are not sufficient
to meet anticipated expenditures of all funds; mnU.
WHEREAS, debt levies have been adjusted or cancelled based onrevenue
collections and projections. �
NDVVTHEREFORE' BE |TRESOLVEDbvthoChvCuunuUuftheC|h/ofBhR|warthat
the following amounts are the maximum hnba levied an property taxes
payable in2013:
Le �
--_-vv �
General Fund $ 9.303.135 �
Library 831O0
. �
Surface Water Management 50.000 �
City Special Assessments 0.042
2OO5 Improvement Bonds 80.500
2012BG.[}. |mponmmentRefunding Bonds 185.569
2010AG.O. Capital Improvement Plan Bonds 304.480
Economic Development Tax Abatement 216,083
TOTAL $ 10,275,815 �
Passed and adopted bv the City Council of the City of Elk River this 4th
day of September, 2012.
John J. D|etz, Mayor
ATTEST:
Tina Allard, City Clerk
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RESOLUTION 12-
RESOLUTION FOR THE CITY L RIVER
RESOLUTION APPVI THE HOUSING REDEVELOPMENT
AUTHORITY 2013 TAX LEVY
WHEREAS, the Housing and Redevelopment Authority in and for the City of Elk River
has requested that the city authorize a levy of.0144% of the taxable market
value of the city for various redevelopment activities; and,
the City Council of the City of Elk River has consented to this levy.
THEREFORE, IT RESOLVED by the City Council of the City of Elk River
that the Housing and Redevelopment Authority in and for the City of Elk River certify a
levy of.0144% of the taxable market in the city for the benefit of the Housing and
Redevelopment Authority.
Passed and adopted by the City Council of the City of Elk River, Minnesota this 4"' day of
September 2012,
John J. Dietz, Mayor
ATTEST:
Tina Allard, City Clerk
RESOLUTION 1 -
A RESOLUTION FOR THE CITY OF ELK RIVER
RESOLUTION APPVI THE 2013 LEVY FOR ECONOMIC
DEVELOPMENT S FOR THE ELK IV 1
DEVELOPMENT UT ITY
WHEREAS, the City Council of the City of Elk River has received a request from the
Economic Development Authority to levy a tax for the benefit of the
Authority in the amount of.01813% of taxable market value of taxable
property in the city for the year of 2013.
THEREFORE, IT RESOLVED by the City Council of the City of Elk River
as follows: The City Council of the City of Elk River proposes that a tax in the amount of
.01813% of the taxable market value in the city be levied in the year 2013 for the benefit of
the City of Elk River Economic Development Authority to be used for Economic
Development Authority purposes as provided under Minnesota Statute 469.090 eteq.
Passed and adopted by the City Council of the City of Elk River, Minnesota this 4"' day of
September 2012.
John J. Dietz, Mayor
ATTEST:
Tina Allard, City Clerk
CITY OF ELK RIVER
Requested budget analysis snap shot 1
Maximum
2012 YTD 2013 %of
Adopted 08/30/2012 Requested budget
General Fund Revenues:
Property taxes 9,142,200 4,761,251 9,303,150 76.4%
All Other Revenues 3,169,700 2,165,454 3,379,650 27.7%
Total General Revenues 12,311,900 6,926,705 12,682,800 104.13%
General Fund Expenditures
General Government:
Mayor&Council 172,250 73,025 190,600 1.46%
Cable TV 86,600 50,274 87,550 0.67%
Administrative Services 482,950 290,805 485,050 3.73%
Human Resources 164,500 101,431 165,850 1.27%
Elections 38,050 14,383 - 0.00%
Finance 464,450 313,831 476,250 3.66%
Information Technology 242,000 138,915 296,700 2.28%
Legal 228,000 132,461 228,000 1.75%
Community Development 69,250 42,517 213,800 1.64%
Planning 304,700 187,539 387,300 2.97%
City Hall Maintenance 304,150 174,266 520,900 4.00%
Energy City 50,850 22,982 32,100 0.25%
Contingency 241,550 14,665.00 50,000 0.38%
Total General Government 2,849,300 1,557,094 3,134,100 24.1%
Public Safety:
Police 4,412,850 2,512,510 4,399,900 33.80%
Fire 847,400 465,123 852,650 6.55%
Building Safety 473,350 290,310 479,600 3.68%
Environmental 48,850 27,361 52,600 0.40%
Total Public Safety 5,782,450 3,295,304 5,784,750 44.43%
Public Works:
Street Maintenance 1,505,300 747,797 1,540,550 11.83%
Snow Removal 288,400 99,436 285,700 2.19%
Equipment Services 247,900 137,834 252,750 1.94%
Engineering 133,550 75,496 175,600 1.35%
Total Public Works 2,175,150 1,060,563 2,254,600 17.32%
Culture&Recreation:
Parks Maintenance 813,800 495,905 807,450 6.20%
Recreation 790,350 510,732 783,850 6.02%
Sr.Citizen Programs 226,500 129,892 209,150 1.61%
Total Culture&Recreation 1,830,650 1,136,529 1,800,450 13.83%
Transfers Out 40,500 - 44,800 0.34%
Total General Fund Expenditures 12,678,050 7,049,490 13,018,700 100.00%
General Fund Gap Before Adjustments: (366,150) (122,785) (335,900)
Use of Fund Balance 366,150 - 335,900
Projected Total Budget Gap After Adjustments - (122,785) -
Notes:
1)Same tax levy as 2012 and a tax rate of 51.46%once we decertify TIF 16&19 the rate
will be estimated at 50.04%
N:\Departments\Finance\Finance\BUDGET\Budget Folders by Year\2013 budgets\2013 Summary Budget