Loading...
10.4. SR 11-02-2015 E04y1� ,.,�� Request for Action River To Item Number Mayor and City Council 10.4 Agenda Section Meeting Date Prepared by Work Session November 2, 2015 Tim Simon, Finance Director Item Description Reviewed by 2016 Budget Update Cal Portner, City Administrator Reviewed by Action Requested Continue 2016 budget discussion. Background/Discussion Over the past several months, staff presented the budget requests and related goals for each department. General Fund Update On September 21, the Council approved a maximum levy change of 2.88%without the quiet zone levy line item. Since then, staff has reviewed and adjusted for several items bringing the levy change to 1.54%. A quick summary of the changes from 2015 —2016 proposed General Fund expenditure budget with proposed adjustments is below: 2015 Adopted Budget $13,312,800 COLA 2% or by union contract 175,900 Staff adjustments (personnel sheet 0 Health Insurance/Pension changes (PERA) 97,000 Inflation/Exp. Adjustments <.6% 78,650 2016 Preliminary Budget $13,664,350 The city tax rate is projected to decrease from 47.19% to 46.0% for 2016,which is subject to change pending any final adjustments from the county assessor on property values/final adjustments. Other items: • Staff requested to add$500 to the library budget part-time pay to account for staff taking minutes during library meetings. • ERMU requested their payment in lieu of taxes (PILOT), currently 3% of Elk River electric sales, to increase to 4% of Elk River electric sales and not donate electricity to the non-revenue producing city buildings (City Hall, Public Safety, Fire, Library etc.) resulting in an expenditure increase of approximately$250,000 spread among the departments in Utilities line items with an offsetting revenue increase. Financial Impact N/A POWERED 6T Template Updoted 4/14 INAMIRE1 Attachments ■ General Fund Revenues/Expenditure adjustments summary ■ Tax levy breakout ■ October 13, 2015, ERMU commission staff report item 4.2 (PILOT) N:APublic Bodies\Agenda Packets\11-02-2015\x10.4 sr budgetmemo1102.docx Revenues Expenditures Difference 2016 Preliminary Budget $ 13,798,400 $ 13,798,400 $ Adjustments (Discussion Items) Account Code Revenues Expenditures Notes Fuel Various - (40,000) move to$2.50 per gallon Patrol 101-4-2120-4108 (7,050) New employee insurance Park maintenance 101-4-5110-4108 2,800 New employee insurance Fire-Admin 101-4-2310-4108 (3,250) New employee insurance Equipment Services 101-4-3150-4108 (3,250) New employee insurance Move to 2015 Snow removal 101-4-3130-4219 (25,550) 350 tons road salt inventory Police-Admin 101-4-2120-4219 (6,500) tablet replacements Administrative services 101-4-1210-4201 (2,400) computer replacements Fire-operations 101-4-2320-4201 (3,500) Station kiosks Fire-operations 101-4-2320-4219 (15,000) bailout rope hardware Fire-operations 101-4-2320-4219 (5,000) Station training props Park maintenance 101-4-5110-4219 (12,000) Fertilizer inventory Park maintenance 101-4-5110-4219 (2,350) Lighting warranty Recreation-Admin 101-4-5210-4219 (7,500) Mobile App.3.1 updgrade Environmental 101-4-2440-4219 (2,500) wetland/shoreland/signage Energy City 101-4-6220-4219 (1,000) promotion/marketing items Tax levy adjustment (134,050) - Adjustment to max. 2016 Preliminary $ 13,664,350 $ 13,664,350 $ 2015 Adopted $ 13,312,800 $ 13,312,800 $ change 2.64% 2.64% Notes B C1 City of Elk River Levied Maximum Tax Levy Breakout (maximum levy) Pay 2015 Pay 2016 1 General Fund 9,420,700 9,730,900 3.29% 2 Library 63,100 59,400 -5.86% 3 General Property Tax Levy 9,483,800 9,790,300 3.23% 4 Special Levies 5 City Special Assessments 4,221 4,221 0.00% 6 2010 G.O. Capital Improvement Plan Bonds 372,886 366,405 -1.74% 7 Economic Development Tax Abatement 156,450 144,857 -7.41% 8 Total Levy 10,017,357 10,305,783 2.88% 9 10 Total Dollar Change 288,426 11 %Change 2.88% B C1 City of Elk River Levied Revised Tax Levy Breakout (revised levy) Pay 2015 Pay 2016 1 General Fund 9,420,700 9,596,850 1.87% 2 Library 63,100 59,400 -5.86% 3 General Property Tax Levy 9,483,800 9,656,250 1.82% 4 Special Levies 5 City Special Assessments 4,221 4,221 0.00% 6 2010 G.O. Capital Improvement Plan Bonds 372,886 366,405 -1.74% 7 Economic Development Tax Abatement 156,450 144,857 -7.41% 8 Total Levy 10,017,357 10,171,733 1.54% 9 10 Total Dollar Change 154,376 11 %Change 1.54% Elk River Municipal, Utilities UTILITIES COMMISSION MEETING TO: FROM: Elk River Municipal Utilities Commission Troy Adams, RE. —General Manager John Dietz—Chair A[ Nadeau—Vice Chair Daryl Thompson—Trustee MEETING DATE: AGENDA ITEM NUMBER: October 13, 2 0 15 4.2 SUBJECT- Payment in Lieu of Taxes (PILOT) and Other Donations to the City of Elk River BACKGROUND: Minnesota municipal utilities do not pay taxes to their city. It is very typical for the utility to provide a payment in lieu of taxes (PILOT). ERMtJ has a policy which outlines the details of the P,IL�OT and other donations to the City of Elk River. This policy is reviewed at least once every five years; the last policy changes were made on Ady 2, 2013, DISCUSSION: Delay for PILOT for Electrical Service I I erritory Transfe On September 8, the commission reviewed proposed changes to the PILOT Policy that would delay PILOT for the areas acquired from Connexus Energy through the March 20, 2015, electric service territory transfer agreement. The PILOT was proposed to be delayed for each customer acquired until the loss of revenue(LOR)payments that are outlined in tile agreement would complete. These LOR payments are made for 10 years after the acquisition with a few exceptions for municipal development. The commission discussed the proposed policy revisions and directed staff to strengthen the language to be specific to the March 20, 2015, electric service territory transfer agreement. This would eliminate any confusion regarding PILOT for LOR payments related to previous ,acquisitions. The proposed policy has been updated to reflect the commission's request, Shift of Policy Mechanics fi-orn Donated Electricity,to,PILOT The current PILOT Policy outlines in section 3.0 Donated Electricity stating that ERMU .'shall donate all electricity to the City of Elk River for all of their facilities not associated with enterprise funds of the City of Elk River." The adn-iinistrative process associated with this donation is extremely burdensome. Due to its manual nature, this process is also sub�ject to hurnan and keying errors, 14- P 0 W E a I I T Page I of2 N A.!T�o Reh-bie PWjc P T S o"wer Provider 59 Since the September meeting, staff have had discussions with the City about an option to maintain the level of donation to the city and reduce the administration burden and risk for error. ERMU and city staff have been �evaluating increasing the PILOT percentage contribution from 3% to 4%, and eliminating the donated electricity not associated with street lights and signal lights. An analysis of the donated electricity, less the usage by street and signal lights, is equivalent to 0.8%of revenue generated fi-orn electric sales for Elk River customers. An increase in the PILOT of I% with an offsetting reduction for the elimination ,of donated electricity(with the exception of strect and signal lights) would nearly be a cash neutral policy change. The city would be seeing an increased expense because they would be billed the electric usage, but the City would also have an offsetting source of revenue in excess of the increased expense by approximately$38,000 based on projected 2015 sales numbers. For ERMU, this change would eliminate significant staff time to record and post these donations through the billing system and the general ledger, It would also,give a more transparent representation of the actual costs, of the City facilities. As ERM-U grows within the corporate boundaries of the City of Elk River, the additional increase in revenues will be further increased with the I%change to the PILOT, resulting in additional funds contributed to the City. It is extremely likely that ERMUs growth in sales will be a higher rate than the growth of city government and the growth in city facility electric usage. This change is near, Cash neutral for the City now, but will result in increased PILOT for the future. Due to the 2016 budget approval process, utilities and city staff agree that a January 1, 20 16, iniplementation is better. However, to allow city staff to incorporate this proposed change into their budget, staff looks to get commission approval immediately. This proposed revision is attached separately and reflects the policy change proposed for October 13, 2015, ACTION REQUESTED: Staff recommends the Conunissio�n adopt effective immediately the policy r�evisions to "ERMU Policy 8.13 -Payment in Lieu of Taxes (PILOT) and Other Donations to the City of Elk River" which reflects a delay for PILOT related to the March 20, 2015, electric service territory transfer agreement. Staff recommends the Commission adopt the second proposed policy language change to be effective January 1, 2016, which will result in a shift in policy mechanics increasing the PILOT from 3% to 4% and eliminating the donation of electricity with the exception of street and signal lights. ATTACHMENTS: • Proposed October 13, 2015, revision to EWMU.Policy 8.13-P(�Yment inLieu QfTaxcV and Other Donations to the Citv qf'Elk River • ProposedJanuary 1, 2016, revision toER.MUPo1hy8,]3 - (PI1,07) and Other Donations to the Ci�y qfElk Rivet� P 0 W E I I I 1i U Page 2 of 2 lil 00� NATURE Refiab%Pubk I Power ovider F o W E A�o T o P,r 60