7.0. HRSR 08-26-2002 Item # 7
111/
City of
Elk - -�
River
MEMORANDUM
TO: Housing & Redevelopment Authority
FROM: Catherine Mehelich, Director of Economic Developmen / 7'
DATE: August 26, 2002
SUBJECT: Consider Year 2003 Budget and Resolution Regarding HRA Levy
Attachments
• Budget worksheet—Page 1 &2—HRA Projected Revenue &Expenses
• Resolution establishing the HRA tax levy for collection in year 2003
Summary
• The Economic Development Department consists of two separate budgets including:
• Economic Development Authority
• Housing&Redevelopment Authority
In the past the City General Fund supported 20% of the personal service expenses. The
EDA and HRA levies are not at a point that it is feasible to balance the Economic
Development Department without the General Fund. Revenues are estimated at 8%growth
in market value for year 2003.
Personal Service costs (salaries and benefits) are proposed to be divided as follows:
• EDA-70%
• HRA-30%
Other common administrative expenses are proposed to be shared by the EDA and the
HRA. As in previous years, the HRA would make a one time transfer to the EDA in the
amount of$3,500 to cover approximately 25% of the shared expenses.
Following is a line item analysis of the proposed year 2003 expenditures for the HRA:
• Personal Services $ 38,650
• Office Supplies (shared with EDA) $ 1,950
• Fuels and Lubricants (shared with EDA) $ 150
• • Legal Fees $ 1,750
Consider HRA Year 2003 Budget
August 20,2002
Page 2 of 2
• • Other Professional Services $ 16,000
o Ehlers &Assoc. -Redevelopment Project Management
• Telephone (shared with EDA) $ 200
• Postage (shared with EDA) $ 1,500
• Travel, Conference&Schools (shared with EDA) $ 8,650
• Publishing (Downtown Project Communications) $ 4,400
• Insurance $ 200
• Dues & Subscriptions (shared with EDA) $ 1,600
• Transfer out to General Fund $ 1,500
• Transfer—Capital Outlay (sidewalk project) $ 67,000
• Transfer out to EDA (approx. 25% shared expenses) $ 3,500
Total HRA Year 2003 Proposed Expenditures: $133,000
Total HRA Year 2003 Proposed Revenue: $143,500
Recommendation
Staff recommends that the HRA approve the year 2003 HRA Budget as presented, and
approve of the attached Resolution establishing the HRA tax levy for collection in year 2003.
•
1111
RESOLUTION 02-
• A RESOLUTION OF THE ELK RIVER
HOUSING AND REDEVELOPMENT AUTHORITY
A RESOLUTION ESTABLISHING THE TAX LEVY FOR THE ELK RIVER
HOUSING AND REDEVELOPMENT AUTHORITY FOR COLLECTION IN
2003
WHEREAS, Minnesota Statute Section 469.033, Subdivision 6, authorizes a Housing and
Redevelopment Authority to levy an amount not to exceed .0131 percent of the
taxable market value of property within the city to be used for redevelopment
purposes; and,
WHEREAS, the Elk River Housing and Redevelopment Authority anticipates expenditures in
2003 for various redevelopment activities; and,
WHEREAS, the Housing and Redevelopment Authority will adopt and approve its budget before
a special tax can be levied.
NOW, THEREFORE, BE IT RESOLVED that the Housing and Redevelopment Authority
requests that the City Council of the City of Elk River,Minnesota,levy a special tax not to exceed
. the statutory limit of.0131 percent of taxable market value of the city for the benefit of the
Authority to be used for purposes as provided in Minnesota Statutes.
Passed and adopted by the Elk River Housing and Redevelopment Authority this 26th day of
August,2002.
Larry Toth, Chair
ATTEST:
Catherine Mehelich, Executive Director
•
BUDGET WORKSHEET
August 19 Proposed Budget Date: 08/14/02
Time: 4:28pm
CITY OF ELK RIVER Page: 1
Prior Current Year
Year Original Amended Actual Thru Estimated
12/31/02 Actual Budget Budget December Total Requested Recommended Adopted
Fund: 910 HRA
Revenues
TAX TAXES
3111 Current Ad Valorem Taxes 109,036 111,100 111,100 62,258 141,500
TAXES 109,036 111,100 111,100 62,258 141,500
GOVT INTERGOVERNMENTAL REVENUE
3322 Homestead Credit 5,639 0 0 0
INTERGOVERNMENTAL REVENUE 5,639 0 0 0
OREV OTHER REVENUE
3621 Interest Income 2,844 2,000 2,000 1,532 2,000
3910 Sale of Equip/Assets 0 0 0 0
OTHER REVENUE 2,844 2,000 2,000 1,532 2,000
Total Revenues 117,519 113,100 113,100 63,790 143,500
Expenditures
Dept Group: 600 HOUSING & ECONOMIC DEVELOPMENT
Dept: 610.610 HOUSING & REDEVELOPMENT
PS PERSONAL SERVICES
4101 Regular Pay 15,761 21,750 21,750 6,325 19,300 31,150
4102 Overtime Pay 0 0 0 0
4103 Part-time Pay 0 0 0 0
•RA 799 1,200 1,200 383 1,050 1,700
4105 FICA 967 1,350 1,350 435 1,200 1,950
4107 Medicare 226 300 300 102 300 450
4108 Insurance 1,239 1,950 1,950 860 2,200 3,300
4109 Workers Comp 36 100 100 19 100 100
PERSONAL SERVICES 19,028 26,650 26,650 8,124 24,150 38,650
SUPP SUPPLIES
4201 Office Supplies 9 0 0 308
SUPPLIES 9 0 0 308
OSC OTHER SERVICES & CHARGES
4304 Legal Fees 0 1,750 1,750 0 1,750 1,750
4319 Other Professional Services 33,492 24,000 24,000 17,893 16,000 16,000
4321 Telephone 0 0 0 0
4322 Postage 15 0 0 399
4331 Travel, Conferences & Schools 32 0 0 59
4349 Advertising/Marketing 0 0 0 2,134
4359 Publishing 292 0 0 1,927 4,400 4,400
4361 Insurance 225 200 200 51 200 200
•es & Subscriptions 0 0 0 0
4440 Miscellaneous 0 0 0 0
OTHER SERVICES & CHARGES 34,056 25,950 25,950 22,463 22,350 22,350
BUDGET WORKSHEET
August 19 Proposed Budget Date: 08/14/02
Time: 4:28pm
CITY OF ELK RIVER Page: 2
Prior Current Year
Year Original Amended Actual Thru Estimated
12/31/02 Actual Budget Budget December Total Requested Recommended Adopted
Fund: 910 HRA
Expenditures
Dept Group: 600 HOUSING & ECONOMIC DEVELOPMENT
Dept: 610.610 HOUSING & REDEVELOPMENT
CAP CAPITAL OUTLAY
4510 Land 0 0 0 0
4530 Improvement Project Contract 0 0 0 0
CAPITAL OUTLAY 0 0 0 0
TROD TRANSFERS OUT
4720 Transfers 243,465 0 0 7,581
4721 Transfer-General Fund 1,500 1,500 1,500 1,500 1,500 1,500
4725 Transfer-Capital Outlay Resery 0 50,000 50,000 0 67,000 67,000
4735 Transfer-EDA 6,500 3,500 3,500 3,500 3,500 3,500
TRANSFERS OUT 251,465 55,000 55,000 12,581 72,000 72,000
HOUSING & REDEVELOPMENT 304,558 107,600 107,600 43,476 118,500 133,000
HOUSING & ECONOMIC DEVELOPMENT 304,558 107,600 107,600 43,476 118,500 133,000
Total Expenditures 304,558 107,600 107,600 43,476 118,500 133,000
HRA -187,039 5,500 5,500 20,314 -118,500 10,500
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