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9.2. SR 11-21-2016City of Elk — River Request for Action To Item Number Mayor and City Council 9.2 Agenda Section Meeting Date Prepared by Work Session November 21, 2016 Lori Ziemer, Finance Director Item Description Reviewed by 2017 Budget Cal Portner, City Administrator Reviewed by Action Requested Continue 2017 budget discussion. Background/Discussion Over the past several months staff has presented budget requests and related goals for each department. On September 19, Council approved a maximum levy of $10,657,808, which is a 4.8 percent change from the 2016 levy. Since then, staff has reviewed and made further adjustments to bring the levy to $10,563,770, a change of 3.9% Pending any final adjustments from the county on property values, the city tax rate is projected to decrease from 46.17% to 46.07% for 2017. Financial Impact N/A Attachments General Fund adjustments and summary Tax levy breakout P a w E A E U s r NaA f RE] General Fund Tax levy $9,969,250 Revenues Expenditures 12017 Preliminary Budget $14,433,100 $14,433,100 Adjustments (Discussion Items) Account Code Revenues Expenditures Notes Gravel tax 101-3-0000-3121 5,000 % Change Admin - office supplies Parking permits 101-3-0000-3236 (1,500) IT - operating supp.lies 101-4-1350-4219 Police aid 101-3-0000-3325 4,500 101-4-1600-4219 (3,500) Planning/zoning fees 101-3-0000-3412 5,000 (5,400) tactical body armor Court fines 101-3-0000-3510 6,000 computers Equip, Services - operating supplies Transfers 101-3-0000-3945 10,000 Parks - operating supplies 101-4-5110-4219 Finance - audit fees 101-4-1310-4301 Recreation - operating supplies (2,000) new audit contract IT - conferences/schools 101-4-1350-4331 101-4-5510-4219 (2,000) mist. training Fuel Various 14,378,400 (10,400) Utilities Various 20,700 Police - personal services 101-4-2110-4101 (14,050) admin. asst. salary adj Police - operating supplies 101-4-2110-4219 (3,500) computers Parks - personal services 101-4-5110-4101 (10,950) park maint. salary adj Tax levy adjustment (83,700) 2017 Proposed $14,378,400 $14,378,400 2016 Adopted $13,884,800 $13,884,800 % change 3.55% 3.55% 2017 General Fund Summary 2016 Adopted Move to 2016 % Change Admin - office supplies 101-4-1210-4201 (1,500) computer IT - operating supp.lies 101-4-1350-4219 (2,000) computer Building Maint. - operating supplies 101-4-1600-4219 (3,500) computers Police - operating supplies 101-4-2120-4219 (5,400) tactical body armor Building Safety - office supplies 101-4-2410-4201 (3,000) computers Equip, Services - operating supplies 101-4-3150-4219 (3,000) computers Parks - operating supplies 101-4-5110-4219 (10,000) fertilizer Recreation - operating supplies 101-4-5210-4219 (2,600) computer/adj. desktop Senior Center - operating supplies 101-4-5510-4219 (1,500) computer Tax levy adjustment (83,700) 2017 Proposed $14,378,400 $14,378,400 2016 Adopted $13,884,800 $13,884,800 % change 3.55% 3.55% 2017 General Fund Summary Expenditures: Personal Services 2016 Adopted 2017 Proposed % Change Revenues: 1,040,700 1,048,050 0.71% Property Taxes $9,596,850 $9,969,250 3.88% Other Taxes 127,000 140,000 10.24% Licenses & Permits 646,550 714,950 10.58% Intergovernmental Revenues 288,350 293,500 1.79% Charges for Services 891,050 891,400 0.04% Fines 127,000 155,000 22.05% Other Revenues 213,500 217,500 1.87% Transfers in 1,994,500 1,996,800 0.12% Total Revenues 13,884,800 14,378,400 3.55% Expenditures: Personal Services 10,575,550 10,967,200 3.70% Supplies 1,040,700 1,048,050 0.71% Other Services & Charges 2,268,550 2,363,150 4.17% Total Expenditures 13,884,800 14,378,400 3.55% City of Elk River Levied Maximum FINAL Tax Levy Breakout Pay 2016 Pay 2017 Pay 2017 General Fund 9,596,850 10,052,950 9,969,250 Library 59,4001 53,650 53,650 9,656,250 10,106,600 10,022,900 General Property Tax Levy Special Levies City Special Assessments 4,221 - - 2010 G.O. Capital Improvement Plan Bonds 366,405 368,030 368,030 Economic Development Tax Abatement 144,857 183,1781 172,840 10,171,733 10,657,8081 10,563,770 Total Levy General Fund Change from 2016 456,100 372,400 Percentage Change from 2016 4.75% 3.88% Total Dollar Change from 2016 486,075 392,037 4.78% 3.85% Change NTC Value $22,031,258 $22,928,419 $22,928,419 Tax Rate 46.17 46.483 46.073