8.1. SR 09-03-2013 City of
Elk=' Request for Action
River
To Item Number
Mayor and City Council 8.1
Agenda Section Meeting Date Prepared by
General Business September 3, 2013 Tim Simon, Finance Director
Item Description Reviewed by
Adopt 2014 Tax Levies and Set Budget Meeting Cal Portner, City Administrator
Date Reviewed by
Action Requested
• Authorize by resolution the proposed property tax levy for collection in 2014.
• Approve by resolution the Housing and Redevelopment Authority 2014 tax levy.
• Approve by resolution the Elk River Economic Development Authority 2014 tax levy.
• Set by motion the budget meeting at which public comment will be taken for 6:30 p.m.,
December 2, 2013.
Background/Discussion
The Council must approve the maximum tax levy for certification to the county auditor by September 16,
2013. The attached levy resolution calls for a levy of$9,929,235 or 2.42% decrease over last year. This
means the amount of taxes collected for the city will decrease from last year. The maximum levy will be
well within the levy limits established for taxes payable 2014.
Our most recent preliminary 2013 tax values for taxes payable 2014 show our net tax capacity (NTC) will
increase 0.66%. We anticipated no increase to a slight decrease based on earlier estimates from the
county. If the numbers are not further adjusted,which they may,this would be the first year in several
years that it will increase. If the NTC remains at 0.66%increase our overall tax rate would decrease from
50.37 to 48.83%.
Over the next several months we will review updated numbers and adjustments to finalize the budget for
adoption on December 2. The HRA and EDA rates did not change from 2013 and have been approved
by both commissions.
Financial Impact
Various tax levies for collection in 2014.
Attachments
■ Resolution authorizing the proposed property tax levy for collection in 2014
■ Resolution approving the Housing and Redevelopment Authority 2014 tax levy
■ Resolution approving the 2014 tax levy for economic development purposes for the Economic
Development Authority
■ 2014 General Fund Budget Summary
■ Tax levy breakout
P a w E A E U s r
NaA f RE]
Elk _ Resolution 13 -
R1Ver
A Resolution of the City of Elk River Authorizing the Proposed Property
Tax Levy for Collection in 2014
WHEREAS, the Elk River City Council has reviewed the City's anticipated
expenditures for all funds in 2014; and,
WHEREAS, the Elk River City Council has considered projected revenues for
all funds in 2014; and,
WHEREAS, revenues from sources other than property taxes are not sufficient
to meet anticipated expenditures of all funds; and,
WHEREAS, debt levies have been adjusted or cancelled based on revenue
collections and projections.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk
River that the following amounts are the maximum to be levied as
property taxes payable in 2014:
L
General Fund $ 9,256,689
Library 63,100
Surface Water Management 50,000
City Special Assessments 5,293
2010A G.O. Capital Improvement Plan Bonds 366,166
Economic Development Tax Abatement 187,987
TOTAL $ 9,929,235
Passed and adopted by the City Council of the City of Elk River this 3rd
day of September,2013.
John J. Dietz,Mayor
ATTEST:
Tina Allard, City Clerk
P01EHEI I
NATUREI
�j
City of
Elk
River
Resolution 13-
A Resolution of the City of Elk River Approving the Housing and
Redevelopment Authority Tax Levy
W H E REAS, 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,
WHEREAS, the City Council of the City of Elk River has consented to this levy.
NOW, THEREFORE, BE 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 this 3rd day of September 2013.
John J. Dietz,Mayor
ATTEST:
Tina Allard, City Clerk
row € R10 8
NATUREI
City of
Elk
River
Resolution 13-
A Resolution of the City of Elk River Approving the 2014 Tax Levy for
Economic Development Purposes for the Elk River Economic Development
Authority
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
2014.
NOW, THEREFORE, BE 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 2014 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 et.se .
Passed and adopted this 3rd day of September 2013.
John J. Dietz,Mayor
ATTEST:
Tina Allard, City Clerk
row € R10 8
NATUREI
CITY OF ELK RIVER
Requested budget analysis snap shot(General Fund)
2013 YTD 2014 %of
Adopted 08/14/2013 Requested budget
General Fund Revenues:
Property taxes 9,203,100 4,567,142 9,256,689 72.2%
All Other Revenues 3,433,850 2,187,758 3,562,800 27.8%
Total General Revenues 12,636,950 6,754,900 12,819,489 100.00%
General Fund Expenditures
General Government:
Mayor&Council 151,500 66,520 150,550 1.18%
Cable TV 87,550 49,679 92,700 0.73%
Administrative Services 588,250 337,805 588,300 4.61%
Human Resources 96,350 60,085 95,850 0.75%
Elections - - 38,750 0.30%
Finance 540,450 349,060 555,250 4.35%
Information Technology 296,700 172,481 265,800 2.08%
Legal 228,000 119,089 218,000 1.71%
Community Development 213,800 154,601 325,150 2.55%
Planning 236,700 89,759 137,850 1.08%
City Hall Maintenance 517,350 299,612 544,250 4.26%
Energy City 31,450 9,992 16,550 0.13%
Contingency* 8,400 287 (47,500) -0.37%
Total General Government 2,996,500 1,708,970 2,981,500 23.3%
Public Safety:
Police 4,370,300 2,384,361 4,487,850 35.15%
Fire 668,250 342,358 787,700 6.17%
Code Enforcement 85,050 49,218 88,600 0.69%
Building Safety 663,600 357,859 616,600 4.83%
Environmental 52,350 15,569 15,000 0.12%
Total Public Safety 5,839,550 3,149,365 5,995,750 46.96%
Public Works:
Street Maintenance** 1,530,200 716,670 1,252,750 9.81%
Snow Removal 285,700 189,155 277,300 2.17%
Equipment Services 252,750 133,935 183,850 1.44%
Engineering 173,350 110,459 166,850 1.31%
Total Public Works 2,242,000 1,150,219 1,880,750 14.73%
Culture&Recreation:
Parks Maintenance 807,450 468,655 926,900 7.26%
Recreation 718,600 393,500 730,950 5.72%
Sr.Citizen Programs 188,050 111,415 193,200 1.51%
Total Culture&Recreation 1,714,100 973,570 1,851,050 14.50%
Transfers Out 44,800 - 59,950 0.47%
Total General Fund Expenditures 12,836,950 6,982,124 12,769,000 100.00%
General Fund Gap Before Adjustments: (200,000) (227,224) 50,489
Revenue Adjustments
0
Expenditure Adjustments
Street Office Assistants(Pay grade 3) 14,700
Projected Total Budget Gap After Adjustments (200,000) (227,224) 65,189
Notes:
Total Tax Levy of$9,929,235
*=Contigency is$50,000 less employee turnover rate.5%(2013)1%(2014)
**=Sealcoating contract moved to pavement management fund(franchise fee)
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