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7.1. SR 12-03-2018 Request for Action To Item Number Mayor and City Council 7.1 Agenda Section Meeting Date Prepared by Public Hearing December 3, 2018 Lori Ziemer, Finance Director Item Description Reviewed by 2019 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 2019.  Approve, by motion, the 2019 General, Special Revenue, and Enterprise Fund budgets. Background/Discussion Staff began the budgeting process in May developing their 2019 department goals and requested budgets. The City Council and staff have since met in numerous work sessions reviewing in detail departmental operating budgets and the property tax levy. In September, the Council approved the preliminary tax levy used to calculate the proposed property tax notice that was mailed to each property owner in November. Tax Levy On September 17, the Council adopted the preliminary tax levy of $11,938,765. Since then, reductions have been made to the General Fund Budget; however, staff recommends maintaining the preliminary levy as the proposed final levy. The proposed levy reflects the initiatives of the new compensation plan as well as Council’s goal of establishing capital reserves for future financial sustainability. The county estimates Net Tax Capacity (NTC) values increasing over 9%, attributable to new growth and market value increases. The final NTC may change slightly as the county continues to update property values before calculating taxes in early 2019. The tax capacity rate, as determined by the county, based on the preliminary and final levy is 45.467%, a reduction from last year’s rate of 46.01%. City tax accounts for about 35% of a homeowners total property tax bill. The remainder is attributed to the school district (26%), the county (37%), and other jurisdictions (2%). For businesses, the city’s share is about 27% of the total. The majority of the property tax levy (94%) is used to fund city services such as police, fire, street maintenance, parks and recreation, and general government. The remaining 6% pays for debt service, tax abatement, library operations, and capital reserve. General Fund Budget The 2019 General Fund budget is $16,221,200, a 4.9% increase over 2018. The greatest portion of the General Fund operating budget is public safety programs and services, with general government, public works, and culture and recreation making up the balance. Because city government is primarily a service industry, 77% of the operating budget is personal service expenditures and reflects the implementation of the updated compensation plan goal. Financial Impact Summary of 2019 Budgets Below is a summary of the proposed budgets Council has reviewed and to be approved: General Fund $16,221,200 Special Revenue Funds: Library $ 116,000 Ice Arena $ 783,950 Enterprise Funds: Revenues Expenditures Depreciation Capital Net Effect Sewer $2,825,500 $2,407,600 $1,575,000 $ 58,000 $(1,215,100) Liquor $7,277,450 $6,894,850 $ 121,000 $100,000 $ 161,600 Garbage $1,653,500 $1,646,750 $ - $ - $ 6,750 Storm Sewer $ 537,000 $ 715,350 $ 455,000 $170,000 $ (803,350) Attachments  Tax levy resolution  Tax levy breakout  General Fund summary Resolution 18-____ A Resolution of the City of Elk River Authorizing the Proposed Property Tax Levy for Collection in 2019 WHEREAS, the Elk River City Council has reviewed the City’s anticipated expenditures for all funds in 2019; and, WHEREAS, the Elk River City Council has considered projected revenues for all funds in 2019 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, Minnesota, as follows: The following amounts are to be levied as property taxes payable in 2019: Levy__ General Fund $ 11,187,400 Library 66,000 2010A G.O. Capital Improvement Plan Bonds 470,130 Economic Development Tax Abatement 160,235 Government Building Reserve 55,000 TOTAL $ 11,938,765 rd Passed and adopted this 3 day of December 2018. John J. Dietz, Mayor ATTEST: Tina Allard, City Clerk /źƷǤ ƚŅ 9ƌƉ wźǝĻƩ\[ĻǝźĻķtƩĻƌźƒźƓğƩǤCźƓğƌ ğǣ \[ĻǝǤtğǤ ЋЉЊБtğǤ ЋЉЊВtğǤ ЋЉЊВ General Fund$10,497,800$11,242,400$11,187,400 Library54,00066,00066,000 DĻƓĻƩğƌ tƩƚƦĻƩƷǤ ğǣ \[ĻǝǤЊЉͲЎЎЊͲБЉЉЊЊͲЌЉБͲЍЉЉЊЊͲЋЎЌͲЍЉЉ Special Levies: 2010 GO CIP Bonds369,500470,130470,130 Economic Development Tax Abatement142,530160,235160,235 Government Building Reserve55,000 ƚƷğƌ \[ĻǝǤυЊЊͲЉЏЌͲБЌЉυЊЊͲВЌБͲАЏЎυЊЊͲВЌБͲАЏЎ General Fund Change from Previous Year744,600689,600 Percentage Change from Previous Year7.1%6.6% ƚƷğƌ 5ƚƌƌğƩ /ŷğƓŭĻ ŅƩƚƒ tƩĻǝźƚǒƭ —ĻğƩБАЍͲВЌЎБАЍͲВЌЎ і /ŷğƓŭĻА͵ВіА͵Ві b/ ğƌǒĻυЋЍͲЉЍЏͲЌБЋυЋЏͲЋЎАͲЌВВυЋЏͲЋЎАͲЌВВ ğǣ wğƷĻЍЏ͵ЉЊЍЎ͵ЍЏАЍЎ͵ЍЏА CITY OF ELK RIVER GENERAL FUND BUDGET 20182019% of % BudgetFinal BudgetBudget Change General Fund Revenues: Property taxes$10,497,800$11,187,40069.0%6.6% Other taxes150,000150,0000.9%0.0% Licenses & Permits877,900857,0005.3%-2.4% Intergovernmental Revenues551,500571,5003.5%3.6% Charges for Services937,900969,2006.0%3.3% Fines151,000154,5001.0%2.3% Other Revenues226,500259,5001.6%14.6% Transfers In2,063,9502,072,10012.8%0.4% Total General Fund Revenues15,456,55016,221,200100.0%4.9% General Fund Expenditures General Government: Mayor & Council155,300149,0500.9%-4.0% Communications306,900326,3502.0%6.3% Administrative Services511,900531,8503.3%3.9% Human Resources250,550280,5001.7%12.0% Elections 42,2506,8000.0%-83.9% Finance586,250644,5504.0%9.9% Information Technology431,300440,0002.7%2.0% Legal230,000230,0001.4%0.0% Community Development150,050162,7501.0%8.5% Planning405,800352,5502.2%-13.1% Building Maintenance 679,750714,4004.4%5.1% Energy City33,00031,1500.2%-5.6% Contingency -153,1000.9%- Total General Government3,783,0504,023,05024.8%6.3% Public Safety: Police5,510,0505,754,70035.5%4.4% Fire1,142,0001,145,5007.1%0.3% Building Safety678,450721,9004.5%6.4% Code Enforcement98,750115,7000.7%17.2% Environmental48,40032,4500.2%-33.0% Total Public Safety7,477,6507,770,25047.9%3.9% Public Works: Street Maintenance1,355,4501,396,7508.6%3.0% Snow Removal298,700279,6001.7%-6.4% Equipment Services 210,400216,3001.3%2.8% Engineering234,200357,7502.2%52.8% Total Public Works2,098,7502,250,40013.9%7.2% Culture & Recreation: Parks Maintenance 1,118,8001,135,1007.0%1.5% Recreation726,800792,0004.9%9.0% Sr. Citizen Programs251,500250,4001.5%-0.4% Total Culture & Recreation2,097,1002,177,50013.4%3.8% Total General Fund Expenditures$15,456,550$16,221,200100.0%4.9%