7.1. SR 12-07-2015City of
Elk az
—
River
Request for Action
To
Item Number
Mayor and City Council
7.1
Agenda Section
Meeting Date
Prepared by
General Business
December 7, 2015
Tim Simon, Finance Director
Item Description
Reviewed by
2016 Budget and Tax Levy
Cal Portner, City Administrator
Reviewed by
Action Requested
Adopt, by motion, the resolution authorizing the property tax levy for collection in 2016.
Adopt, by motion, the 2016 General, Special Revenue, and Enterprise Fund budgets.
Background/Discussion
In May, city departments began working on the 2016 department goals and the requested budget.
Starting in June -September, staff met with Council to discuss in detail those 2016 goals and the
expenditure detail. Based on Council review and discussion with staff, the budgets were adjusted and
amended. In September, the Council approved the proposed (maximum) tax levy that was used to
calculate the city tax capacity rate for the proposed property tax notice that was mailed to each property
owner in November. As the Council is aware, the final levy may be less than, but may not be more than,
the levy approved on September 21.
The following is a summary of the 2015 tax levy resolution for taxes payable in 2016 and the budget:
■ The proposed (maximum) tax levy is $10,305,783 which is an increase of 2.88% over last year.
The Council has directed staff to draft a final tax leve resolution of $10.171.733 which is an
increase of 1.54% over last year.
■ The 2016 General Fund budgeted operating expenditures are $13,664,350 and include: funds for a
cost of living adjustment, pension/health insurance changes, and inflationary adjustments.
■ The 2016 budget is adjusted at the request of Elk River Municipal Utilities (ERMU) to record
actual electrical expense for non -revenue city buildings with an offsetting revenue transfer and no
tax levy impact.
Tax Levv
On November 2, the Council reviewed budget options and discussed decreasing the final levy for taxes
payable 2016 to $10,171,733 which is a 1.54% increase from the taxes payable 2015 adopted levy. The
preliminary estimated Net Tax Capacity (NTC) increased by 4.14 percent to $22,313,958 for taxes payable
in 2016. Last year, the NTC increased 4.96 percent. The main reason for the change relates to market
value increases and new growth. The final NTC will change slightly as the county makes final corrections
and adjustments before calculating taxes in early 2016. The tax capacity rate based on the maximum tax
levy is 46.60% which is a decrease from 47.19% last year. With the revised levy, if approved, the tax
capacity rate will be adjusted downward to approximately 46.00%.
P a w E R E U 6 Y
NaA f RE]
There are three main entities: the county, school district, and city that each receives part of the property
taxes paid by property owners. The city receives approximately one-third or 33% of the total property
tax the residential property owner will pay. The balance, approximately 67%, goes to Sherburne County,
Independent School District 728, Regional Rail Authority, Economic Development Authority, and
Housing Redevelopment Authority. Additionally, the State of Minnesota also receives part of the
property taxes on commercial and industrial property, the city's share percentage decreases below 24%
for those properties that pay state tax.
The city uses its property tax revenue for several purposes: the majority, 94%, is used to fund General
Fund expenditures such as police, fire, street maintenance, general government, parks and recreation.
The remaining 6% pays for debt service, tax abatement and library operations.
General Fund Budget
The 2016 General Fund budget is at $13,664,350 which is a 2.64% increase over 2015 prior to the ERMU
request to bill for electric charges for non -revenue generating facilities which is estimated at $220,450
with an offsetting revenue transfer in the General Fund. This will bring the budget to $13,884,800 with
this one-time adjustment.
Public safety expenditures (police, fire, emergency management, building safety, code enforcement, and
environmental) account for 48% of the General Fund budget. General government, public works, and
culture and recreation make up the majority of the balance. Personal service expenditures are the largest
type of expenditure due to the fact that the city's core objective is to provide service to its residents and
businesses. Personal service expenditures are 77% of the operating budget. The budget does include a
cost of living pay adjustment for employees in 2016.
Financial Impact
Summary of all 2016 Budgets
All of the proposed budgets are listed below. The Council has reviewed all of these budgets.
Below is a summary of the proposed budgets to be approved:
General Fund
One-time adjustment (Electric
Total
Special Revenue Funds:
Library
Ice Arena
Landfill
Safety
$13,664,350
220,450 (Offsetting revenue from ERMU)
13.884.800
$ 110,750
$ 954,700
$ 104,650
$ 39,600
Enterprise Funds:
*Includes depreciation ($1,424,350), capital projects ($5,012,000), State of MN grant ($800,000), debt
service ($672,400), and a three percent sewer rate adjustment.
**Includes depreciation ($123,000).
***Includes depreciation ($433,750).
Attachments
■ Tax levy resolution
■ Tax levy breakout
■ General Fund Revenues/Expenditure adjustment summary
■ General Fund summary
■ October 13, 2015, ERMU commission staff report item 4.2 (PILOT)
Revenues
Expenditures
Net Effect
Sewer
$3,236,000
$ 8,476,400
$(5,240,400)*
Garbage
$1,369,350
$ 1,475,000
$ (105,650)
Liquor
$6,960,700
$ 6,744,750
$ 215,950**
Storm Sewer
$ 473,000
$ 929,550
$ (456,550)***
*Includes depreciation ($1,424,350), capital projects ($5,012,000), State of MN grant ($800,000), debt
service ($672,400), and a three percent sewer rate adjustment.
**Includes depreciation ($123,000).
***Includes depreciation ($433,750).
Attachments
■ Tax levy resolution
■ Tax levy breakout
■ General Fund Revenues/Expenditure adjustment summary
■ General Fund summary
■ October 13, 2015, ERMU commission staff report item 4.2 (PILOT)
Resolution 15 -
A Resolution of the City of Elk River Authorizing the Proposed Property
Tax Levy for Collection in 2016
WHEREAS, the Elk River City Council has reviewed the City's anticipated
expenditures for all funds in 2016; and,
WHEREAS, the Elk River City Council has considered projected revenues for
all funds in 2016; 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 2016:
General Fund
Library
Quiet Zone improvements
City Special Assessments
2010A G.O. Capital Improvement Plan Bonds
Economic Development Tax Abatement
TOTAL
Passed and adopted by the City Council of the City of Elk River this 7th
day of December, 2015.
John J. Dietz, Mayor
ATTEST:
Tina Allard, City Clerk
Lev
9,596,850
59,400
4,221
366,405
144,857
10,171,733
POIYEREO 0r
3.29%
-5.86%
3.23%
0.00%
-1.74%
-7.41%
2.88%
1.87%
-5.86%
1.82%
0.00%
-1.74%
-7.41%
1.54%
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
2
Library
63,100
59,400
9,483,800
9,790,300
3
General Property Tax Levy
4
Special Levies
5
City Special Assessments
4,221
4,221
6
2010 G.O. Capital Improvement Plan Bonds
372,886
366,405
7
Economic Development Tax Abatement
156,450
144,857
10,017,357
10,305,783
8
Total Levy
9
10
Total Dollar Change
288,426
2.88%
11
% Change
3.29%
-5.86%
3.23%
0.00%
-1.74%
-7.41%
2.88%
1.87%
-5.86%
1.82%
0.00%
-1.74%
-7.41%
1.54%
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
2
Library
63,100
59,400
3
General Property Tax Levy
9,483,800
9,656,250
4
Special Levies
5
City Special Assessments
4,221
4,221
6
2010 G.O. Capital Improvement Plan Bonds
372,886
366,405
7
Economic Development Tax Abatement
156,450
144,857
10,017,357
10,171,733
8
Total Levy
9
10
Total Dollar Change
154,376
1.54%
11
% Change
3.29%
-5.86%
3.23%
0.00%
-1.74%
-7.41%
2.88%
1.87%
-5.86%
1.82%
0.00%
-1.74%
-7.41%
1.54%
Notes
All changes reviewed on November 2, 2015 budget worksession.
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 Proposed
$ 13,664,350
$ 13,664,350 $
2015 Adopted
$ 13,312,800
$ 13,312,800 $
% change
2.64%
2.64%
Notes
All changes reviewed on November 2, 2015 budget worksession.
CITY OF ELK RIVER
Requested budget analysis snap shot (General Fund)
General Fund Revenues:
Property taxes
All Other Revenues
Total General Revenues
General Fund Expenditures
General Government:
Mayor & Council
Cable TV
Administrative Services
Human Resources
Elections
Finance
Information Technology
Legal
Community Development
Planning
City Hall Maintenance
Energy City
Contingency
Total General Government
Public Safety:
Police
Fire
Code Enforcement
Building Safety
Environmental
Total Public Safety
Public Works:
Street Maintenance
Snow Removal
Equipment Services
Engineering
Total Public Works
Culture & Recreation:
Parks Maintenance
Recreation
Sr. Citizen Programs
Total Culture & Recreation
Total General Fund Expenditures
2015 YTD 2016 % of %
Adopted (11/15) Proposed budget change
9,420,750
4,959,162
9,596,850
70.2%
1.9%
3,892,050
3,356,596
4,067,500
29.8%
4.5%
13,312,800
8,315,758
13,664,350
100.00%
2.64%
141,050
136,840
145,850
1.07%
3.40%
108,400
84,640
109,700
0.80%
1.20%
600,000
515,929
605,500
4.43%
0.92%
161,750
127,046
178,400
1.31%
10.29%
13,350
8,803
20,500
0.15%
53.56%
567,450
512,738
583,550
4.27%
2.84%
332,150
308,507
346,350
2.53%
4.28%
217,600
171,908
214,600
1.57%
-1.38%
339,600
247,429
213,750
1.56%
-37.06%
195,550
178,577
297,400
2.18%
52.08%
569,200
490,021
582,400
4.26%
2.32%
10,100
5,511
16,300
0.12%
61.39%
(95,000)
-
(95,000)
-0.70%
0.00%
3,161,200
2,787,949
3,219,300
23.6%
1.8%
4,803,200
3,705,009
4,899,700
35.86%
2.01%
817,350
695,238
869,700
6.36%
6.40%
89,300
77,961
91,600
0.67%
2.58%
628,950
552,328
647,750
4.74%
2.99%
30,150
27,378
39,100
0.29%
29.68%
6,368,950
5,057,914
6,547,850
47.92%
2.81%
1,187,300
1,160,453
1,267,700
9.28%
6.77%
297,550
191,561
281,550
2.06%
-5.38%
196,550
144,893
186,250
1.36%
-5.24%
219,550
179,660
217,950
1.60%
-0.73%
1,900,950
1,676,567
1,953,450
14.30%
2.76%
967,150
859,125
1,010,150
7.39%
4.45%
698,950
590,849
705,900
5.17%
0.99%
215,600
178,255
227,700
1.67%
5.61%
1,881,700
1,628,229
1,943,750
14.22%
3.30%
13,312,800
11,150,652J
13,664,350
100.00%
2.64%
General Fund Gap Before Adjustments: - (2,834,901)
Revenue Adjustments
PILOT-ERMU transfer (3% to 4% donated electric change) (220,450)
Expenditure Adjustments
Utilites (Various accounts)
Projected Total Budget Gap After Adjustments - (2,834,901)
Notes:
220,450
Recording of actual utilties charges for Electric on city buildings (Non -revenue) with offset of PILOT transfer from ERMU.
N:\Departments\Finance\Finance\BUDGET\Budget Folders by Year\2016 budgets\2016 Summary Budget
Elk River;
Municipal U
UTILITIES COMMISSION MEETING
TO:
FROM:
Elk River Municipal Utilities Commission
Troy Adams, P.E. — General Manager
John Dietz — Chair
Al Nadeau — Vice Chair
Daryl Thompson — Trustee
MEETING DATE:
AGENDA ITEM NUMBER:
October 13, 2015
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). ERMU has a policy which outlines the details of the
PILOT 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 July 2, 2013.
DISCUSSION:
Delay for PILOT for Electrical Service Territory Transfer
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 the
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 from 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 administrative process associated with
this donation is extremely burdensome. Due to its manual nature, this process is also subject
to human and keying errors.
E.
Reliable Plblb
Power Provitler
Page 1 of 2
P00 E0E0 01
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POWERED TO SERVE
\ I Since the September meeting, staff have had discussions with the City about an option to
JC 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 from 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 street 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 ERMU 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 ERMU's 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, 2016,
implementation 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 Commission adopt effective immediately the policy revisions 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 ERMUPolicy 8.13 —Payment in Lieu of Taxes
(PILOT) and Other Donations to the City of Elk River
• Proposed January 1, 2016, revision to ERMU Policy 8.13 —Payment in Lieu of Taxes
(PILOT) and Other Donations to the City of Elk River
PR�ERfO BI
{� Page 2 of 2 NAMPE
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IOVIGN POWERED TO SERVE
V/BE P
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2016 Budget and Tax Levy
City Council Meeting
December 7, 2015
Overview
■ Vision and Goals
■ Summary of Budget Process
■ Proposed Tax Levy
■ Budget Overview
■ General Fund
■ Special Revenue
■ Enterprise
■ Public Comment
■ Tax Levy & Budget approval
Vision and Goals:
OurVision - Abounding in natural beauty, Elk
River is a vibrant, historic river town that promotes
an active lifestyle in an innovative and involved
community offering unlimited opportunities.
Goals supporting theVision
■ Innovation
■ Community Development
■ Beautification
■ Opportunities
■ Planning and Positioning
Budget Process
May — December 2015
■ Budget workpapers to departments — May 4
■ Review long-range financial model — May. 18
■ Department budget requests — June I
■ City Council budget work sessions — 7 total
■ Adopt preliminary tax levy — Sept. 21
Budget Process
May — December 2015
■ County prepares/mails proposed tax
notices to property owners — Nov.
■ Public Comment Meeting — Dec. 7
■ Adopt 2016 property tax levy and budgets
■ Final levy certified to county by Dec. 29
Other Public
■ Sherburne
Meetings
County — Dec. I
■ Elk River Area Schools — Dec. 14
Taxes and Values
■ Public Notices
■ Determine Property Tax Amount
■ Taxable Market Value
■ Allocation
■ Distribution
■ Class rates
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Property Valuation
MARCH
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Pr rty Tax Sta ement
ARCH
—19
J F M
Year 2
Total Proposed Local
Budget
- Minus
All Non -Property
Tax Revenue, eg:
• State Aid
• Fees, etc
= Equals
JL `F %-,-L Ivy JL
Calculation
Property Tax
Revenue Needed
(Levy)
Divided by
= Equals
Property
Tax
Rate
("Tax Capacity" Rate)
Assessor's
Market Value
X times
State Mandated
Class Rates
= Equals
Total
"Tax Capacity"
(Formerly Assessed Value)
$1,850,862,700
Total value of
all property
$22,112,492
Actual value taxed
Source: Minnesota Center
for Public Finance Research
Class Rates
Type of Property NTC Class Rate
Residential Homestead
first $500,000 1.00
over $500,000 1.25%
Commercial/Ind.
first $150,000 1.50%
over $150,000 2.00%
Rental Housing
four or more units 1.25%
Seasonal Residential
Recreational
first $500,000 1.00
over $500,000 1.25%
For more class rates see www. revenue. state. mn.us
Taxable MarketValue History
2, 500, 000, 000
2,000,000,000
1,500,000,000 ■ Other
■ Comm/Ind
■ Apartments
■ Residential
1,000,000,000
■ Ag.
500,000,000 —
2009 2010 2011 2012 2013 2014 2015 2016
Source: Sherburne County Assessor
Comm.
Market Value Allocation
Agricultural Apartments Other
1 not � 3.4% 3.7%
Source: Sherburne County Assessor
ential
5%
Other Impacts
Changes made to one area
impact on another
■ Value changes
■ Legislative
■ Improvements
may have an
CityTax Levy
■ Tax Levy History
■ Tax Levy Components
■ Levy by Use
Tax Levy History (2007-2016)
12,000,000
11,000,000
10,000,000
9,000,000
8,000,000
7,000,000
6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Tax Levy Components
Levy
2015
2016
% Chg.
Components
Levy
Proposed
From 2015
General Fund
$9,420,700
$9,596,850
1.87%
Library
631100
591400
-5.86%
Special Assessment.
41221
41221
0%
Debt Service
3721886
3661405
-1.74%
Tax Abatement
156,450
144,857
-7.41%
Total
$ 10,017,357
$10,171,733
1.54%
Dollar Change
$154,376
Preliminary Levy
$10,3051783
2.88%
Dollar Change
$288,426
Tax Levy by Use
Library
1%
Economic
Develc
debt Service 1
4%
Gf
General Fund Budget
■ Revenues
■ Expenditures
■ 2016 Budget Changes
■ Expenditure —Changes
■ Cost of City Services
Kevenues 7�
General Taxes
License and Permits
Intergov'I Revenue
Charges For Services
Fines and Forfeits
Other Revenue
Transfer In
Total
2015
Budget"
$ 91545,750
599,400
286,550
831,200
125,000
217,000
1,707,900
2016
Proposed
Difference
Percent
Budget _a
Change
$ 91723,850
$ 178,100
1.87%
646,550
471150
7.87%
288,350
11800
0.63
891,050
59,850
7.20%
127,000
21000
1.60
213,500
(31500)
-1.61
11774,050
66,150
3.87%
$13,312,800 $ 13,664,350 $ 351,550 2.64%
Revenues
Fines and �_._r_:._
1%
Charges for Servic
6%
Intergovernmental
Revenue
2%
License &
5°
Other
2%
General Fund Revenues
2016 Budget Proposed
$13,664,350 plus ERMU
transfer in of $220,450
General Taxes
71%
tF
L
Expenaiture c:nanges
■ Service level change
■ Same as 2015
■ Sales tax exemption continues
■ General salary A. /Pension changes
■ Adjustments for inflation
■ ERMU adjustment for utility charges (one-time)
■ Staff changes:
■ Full-time — None
■ Part-time - $500 reallocation in Library budget from contractual
line item.
Expenditures - Changes by Function
General Government
Public Safety
Public Works
Culture & Recreation
Operating Transfer Out
Total
0
2015
Budget
3,161, 200
6,368,950
1,900,950
1,881,700
2016
Proposed
Budget
$ 3,219,300
6,547,850
1,953,450
1,943,750
Difference
$ 58,100
178,900
52,500
62,050
Percent
Change
1.84%
2.81%
2.76%
3.30%
#DIV/0!
$ 13, 312, 800 $ 13, 664, 350 $ 351,550 2.64%
Plus ERMU utility change of $220,450 with offsetting revenue
Expenditures by Function
Public Works
Culture &
Recreation
14.2% General
Government
23.6%
Public Safety
47.9
Expenditures by Category
Other Charges
and Services
15.0%
SuppliE
7.6%
D
Cost of City Services
Per Month
based on population of 23,730
General Government $ 11.31
Public Safety 22.99
Public Works 6.86
Culture & Recreation 6.83
Total $47.99
Tax Impacts
■ City Tax Comparison
■ Residential Tax Bill -Distribution
■ Commercial Tax Bill -Distribution
■ Tax Rate Comparison
■ City Tax Estimates
Tax Capacity Rate
city, county, & school comparison (estimates only)
School
Actual
Proposed Revised
Ref.
2015
2016 2016
City
47.190
46.606 46.0
EDA
1.534
1.559
HRA
1.219
1.300
Ref. (YMCA)
0.01576
0.02101
County
51.979
50.522
Rail
2.026
1.908
School
42.483
39.233
Ref.
0.19357
0.19441
TOTAL
146.431
141.128
90.00%
80.00%
70.00%
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
Sherburne County -2016 Proposed Tax Rates
82.42%
Becker Elk River East St. Cloud Zimmerman Big Lake Princeton Clear Lake
2016 Sherburne County Average 57.02%
100
95
90
85
80
75
70
65
60
55
50
45
40
35
30
25
Tax Rate History - Sherburne County
2008 2009 2010 2011 2012 2013 2014 2015 2016
Sherburne County Becker Big Lake Clear Lake Elk River Princeton - East St. Cloud Zimmerman
$200,000 residentialhomesteaapropeny
Property Tax Dollar - 2016
Residential Homestead Property
Properly Tax Dollar - 2016
Commercial/Industrial Property
CityTax Estimates
Preliminary Final with revised levy
2014/15 2015/16 Diff % Diff
Change Change
Residential $724.41 $715.45 ($8.96) (1.24%) ($18.27) (2.52%)
$175,000
Residential $724.41 $759.90 $35.49 4.90% $25.60 3.53%
$175,000
Commercial $9,084.08 $8,785.23 ($298.85) (3.29%) ($413.07) (4.55%)
Industrial
$1M
Value Changes
1) Residential no change
2) Residential 5% Increase
3) Commercial (-2%) Decrease
Other Funds
■ Special Revenue Funds
■ Enterprise Funds
Special Revenue Funds:
Library
Ice Arena
Landfill
Safety
$110,750
$954,700
$104,650
$39,600
Enterprise Funds
■ Liquor
■ Budgeted to transfer out $718,950
■ Sanitary Sewer
■ Proposed rate increase of 3%
■ Final year sewer plant expansion project
■ Garbage
■ Proposed no rate change
■ Storm Water
■ Proposed no rate change
Budget Summary
Enterprise
Funds Revenues Expenditures
II
Liquor Fund 619601700 617441750
Capital Total Exp. &
Outlay Capital Outlay
0 617441750
Sewer Fund 312361000 314641400 510121000
Garbage Fund 113691350 114751000 0
Storm Water 4731000 9291550 0
8,476,400
1,475,000
929,550
State HomeownerTax Relief Programs
Homestead Credit Re u n d — when property taxes exceed
a certain percentage of the household's income.
■ Targeting Property Tax Refund— when a home has
increased by more than 12% over the previous year's tax and if the
increase is over $100. The max refund is $1,000.
■ Senior Citizen Property Tax Deferral Program —
qualifying homeowners over age 65 to defer a portion of their
property taxes into the future.
More information at v;nvwrevenue. state.mn.us
(search: property tax refund) or (651) 296-3781
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