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8.1. SR 09-03-2019 Request for Action To Item Number Mayor & Council 8.1 Agenda Section Meeting Date Prepared by General Business September 3, 2019 Lori Ziemer, Finance Director Item Description Reviewed by Set Budget Meeting Date and Adopt Preliminary Cal Portner, City Administrator 2020 Tax Levy Reviewed by Action Requested  Set, by motion, the budget meeting for December 2, 2019, at 6:30 p.m. at which public comment will be taken.  Adopt, by motion, a resolution authorizing the preliminary property tax levy for collection in 2020. Background/Discussion The Council must approve the maximum tax levy for certification to the county auditor by September 30, 2019. The attached levy resolution sets the levy at $13,087,770, which includes funding $100,000 for Lake Orono dredging and $150,000 for government building reserves. As of the end of August, NTC values for taxes payable 2020 were not yet available from the county so the preliminary tax rate is based on county estimates received at the start of the budget process. Since the August 19 meeting, the city was able to reduce the tax levy and general fund budget $18,000. This reduction results from a $24,500 savings in worker’s comp premiums due to a decrease in the city’s experience modifier and the additional vendor costs of $6,500 for Elk RiverFest. The 2020 General Fund budget is currently $17,005,600, which is a 4.8% increase over 2019. Over the next few months staff will continue to review and evaluate cost estimates and revenue data for further adjustments to finalize the budget for adoption on December 2, 2019. The County Board of Commissioners has set December 2, 2019, at 6:00 p.m. as the county’s budget and levy hearing date. Financial Impact City of Elk River property tax levy for collection in 2020. Attachments  Resolution setting City of Elk River property tax levy for collection in 2020  2020 preliminary tax levy  2020 General Fund preliminary budget  Estimated tax impact on residential and commercial/industrial properties The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity Resolution 19-____ A Resolution of the City of Elk River Authorizing the Preliminary Property Tax Levy for Collection in 2020 WHEREAS, the Elk River City Council is required to establish a preliminary tax levy for taxes payable in 2020 by September 30,2019 and certify the preliminary tax levy to the Sherburne County Auditor; and, WHEREAS, the Elk River City Council has reviewed the City’s anticipated expenditures for all funds in 2020; and, WHEREAS, the Elk River City Council has considered projected revenues for all funds in 2020; 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 the maximum to be levied as property taxes payable in 2020: Levy__ General Fund $ 12,160,300 Library 69,000 2010A G.O. Capital Improvement Plan Bonds 619,920 Economic Development Tax Abatement 138,550 Lake Orono Dredging 100,000 TOTAL $ 13,087,770 rd Passed and adopted this 3 day of September 2019. John J. Dietz, Mayor ATTEST: Tina Allard, City Clerk 2020 PRELIMINARY TAX LEVY 8/19/20199/3/2019 City of Elk RiverLeviedPreliminaryPreliminary Tax LevyPay 2019Pay 2020Pay 2020 General Fund$11,187,400$12,178,300$12,160,300 Library 66,00069,00069,000 General Property Tax Levy 11,253,400 12,247,30012,229,300 Special Levies: 2010 GO Public Safety Building Bonds 470,130619,920619,920 Economic Development Tax Abatement 160,235138,550138,550 Government Building Reserve 55,000 - - Lake Orono Dredging -100,000100,000 Total Levy$11,938,765$13,105,770$13,087,770 General Fund Change from Previous Year$689,600$990,900$972,900 Percentage Change from Previous Year6.6%8.9%8.7% Total Dollar Change from Previous Year$874,935$1,167,005$1,149,005 % Change7.9%9.8%9.6% NTC Value$26,006,616$27,436,000$27,436,000 *County Estimate - May Tax Rate45.907%47.769%47.703% Levy Reductions General Fund: Capital outlay(260,500) Personal Services - Recreation(65,500) Sr. Citizen Programs(41,000) Code Enforcement(25,000) Planning(17,500) Police(18,100) Workers' comp(24,500) Elk RiverFest6,500 Govt. Bldg. Reserve(21,685) Total Levy Reductions($449,285)(18,000) CITY OF ELK RIVER 2020 GENERAL FUND BUDGET 201820192020% ACTUALBUDGETPRELIMINARYCHANGE General Fund Revenues: Property taxes$ 10,508,700 $11,187,400$12,160,3008.7% Other taxes 137,532150,000140,000-6.7% Licenses & Permits 790,831857,000798,500-6.8% Intergovernmental Revenues 578,324571,500555,500-2.8% Charges for Services 930,293969,200936,500-3.4% Fines 137,114154,500140,000-9.4% Other Revenues 273,799259,500276,5006.6% Transfers In 2,058,7352,072,1001,998,300-3.6% Total General Fund Revenues15,415,32816,221,20017,005,6004.8% General Fund Expenditures General Government: Mayor & Council 149,224149,050163,0509.4% Communications 253,786326,350328,9500.8% Administrative Services 490,436531,850560,2505.3% Human Resources 255,559280,500305,8009.0% Elections 37,614 6,80062,200814.7% Finance 605,933644,550648,7000.6% Information Technology 364,601440,000556,30026.4% Legal 273,462230,000240,0004.3% Community Development 159,737162,750206,65027.0% Planning 344,685352,550352,350-0.1% Building Maintenance 670,808726,550768,0005.7% Energy City 29,992 31,15027,550-11.6% Total General Government3,635,8373,882,1004,219,8008.7% Public Safety: Police 5,462,9535,856,6506,194,2505.8% Fire 1,136,8301,353,9001,408,5504.0% Building Safety 672,567513,500527,9002.8% Code Enforcement 95,493 115,70095,150-17.8% Environmental 42,443 32,45053,15063.8% Total Public Safety7,410,2867,872,2008,279,0005.2% Public Works: Street Maintenance 1,213,9101,418,1501,387,200-2.2% Snow Removal 279,936279,600305,9009.4% Equipment Services 208,273221,400231,2004.4% Engineering 206,926357,750385,5007.8% Total Public Works1,909,0452,276,9002,309,8001.4% Culture & Recreation: Parks Maintenance 1,130,6491,147,6001,274,05011.0% Recreation 739,982792,000721,100-9.0% Sr. Citizen Programs 227,153250,400201,850-19.4% Total Culture & Recreation2,097,7842,190,0002,197,0000.3% Total General Fund Expenditures$15,052,952$16,221,200$17,005,6004.8% CITY OF ELK RIVER ESTIMATED TAX IMPACT Residential (Homestead): EstimatedTaxTax Capacity Rate PropertyCapacity45.90747.703 ValueValueEstimated City TaxDollarPercent 2019201920192020changechange ** $241,200$2,257$1,036$1,077$414.0% ** Median Value Home Commercial/Industrial: EstimatedTaxTax Capacity Rate PropertyCapacity45.90747.703 ValueValueEstimated City TaxDollarPercent 2019201920192019changechange $2,000,000$39,250$18,018$18,723$7053.9% 2018 2019 2020 % ACTUAL BUDGET PRELIMINARY CHANGE General Fund Revenues: Property taxes 10,508,700$ $11,187,400 $12,160,300 8.7% Other taxes 137,532 150,000 140,000 -6.7% Licenses & Permits 790,831 857,000 798,500 -6.8% Intergovernmental Revenues 578,324 571,500 555,500 -2.8% Charges for Services 930,293 969,200 936,500 -3.4% Fines 137,114 154,500 140,000 -9.4% Other Revenues 273,799 259,500 276,500 6.6% Transfers In 2,058,735 2,072,100 1,998,300 -3.6% Total General Fund Revenues 15,415,328 16,221,200 17,005,600 4.8% General Fund Expenditures General Government: Mayor & Council 149,224 149,050 163,050 9.4% Communications 253,786 326,350 328,950 0.8% Administrative Services 490,436 531,850 560,250 5.3% Human Resources 255,559 280,500 305,800 9.0% Elections 37,614 6,800 62,200 814.7% Finance 605,933 644,550 648,700 0.6% Information Technology 364,601 440,000 556,300 26.4% Legal 273,462 230,000 240,000 4.3% Community Development 159,737 162,750 206,650 27.0% Planning 344,685 352,550 352,350 -0.1% Building Maintenance 670,808 726,550 768,000 5.7% Energy City 29,992 31,150 27,550 -11.6% Total General Government 3,635,837 3,882,100 4,219,800 8.7% Public Safety: Police 5,462,953 5,856,650 6,194,250 5.8% Fire 1,136,830 1,353,900 1,408,550 4.0% Building Safety 672,567 513,500 527,900 2.8% Code Enforcement 95,493 115,700 95,150 -17.8% Environmental 42,443 32,450 53,150 63.8% Total Public Safety 7,410,286 7,872,200 8,279,000 5.2% Public Works: Street Maintenance 1,213,910 1,418,150 1,387,200 -2.2% Snow Removal 279,936 279,600 305,900 9.4% Equipment Services 208,273 221,400 231,200 4.4% Engineering 206,926 357,750 385,500 7.8% Total Public Works 1,909,045 2,276,900 2,309,800 1.4% Culture & Recreation: Parks Maintenance 1,130,649 1,147,600 1,274,050 11.0% Recreation 739,982 792,000 721,100 -9.0% Sr. Citizen Programs 227,153 250,400 201,850 -19.4% Total Culture & Recreation 2,097,784 2,190,000 2,197,000 0.3% Total General Fund Expenditures $15,052,952 $16,221,200 $17,005,600 4.8% CITY OF ELK RIVER GENERAL FUND BUDGET 2020 Property Taxes $12,160,300; 71% Other Taxes $140,000; 1% Licenses/Permits $798,500; 5% Intergovtl Revenue $555,500; 3% Charges for Services $936,500; 5% Fines $140,000; 1% Other Revenues $276,500; 2% Transfers In $1,998,300; 12% General Fund Revenues by Source General Government; $4,219,800 ; 25% Public Safety; $8,279,000 ; 49% Public Works; $2,309,800 ; 13% Culture & Recreation; $2,197,000 ; 13% General Fund Expenditures By Function Personal Services $13,214,750 ; 78% Supplies $1,157,550 ; 7% Services & Charges $2,633,300 ; 15% General Fund Expenditures by Category 8/19/2019 9/3/2019 City of Elk River Levied Preliminary Preliminary Tax Levy Pay 2019 Pay 2020 Pay 2020 General Fund $11,187,400 $12,178,300 $12,160,300 Library 66,000 69,000 69,000 General Property Tax Levy 11,253,400 12,247,300 12,229,300 Special Levies: 2010 GO Public Safety Building Bonds 470,130 619,920 619,920 Economic Development Tax Abatement 160,235 138,550 138,550 Government Building Reserve 55,000 - - Lake Orono Dredging - 100,000 100,000 Total Levy $11,938,765 $13,105,770 $13,087,770 General Fund Change from Previous Year $689,600 $990,900 $972,900 Percentage Change from Previous Year 6.6%8.9%8.7% Total Dollar Change from Previous Year $874,935 $1,167,005 $1,149,005 % Change 7.9%9.8%9.6% NTC Value $26,006,616 $27,917,994 $27,917,994 Tax Rate 45.907%46.944%46.879% % Increase in NTC 8.2%7.3%7.3% Levy Reductions General Fund: Capital outlay (260,500) Personal Services - Recreation (65,500) Sr. Citizen Programs (41,000) Code Enforcement (25,000) Planning (17,500) Police (18,100) Workers' comp (24,500) Elk RiverFest 6,500 Govt. Bldg. Reserve (21,685) Total Levy Reductions ($449,285)(18,000) 2020 PRELIMINARY TAX LEVY Residential (Homestead): Estimated Tax Tax Capacity Rate Property Capacity 45.907 46.879 Value Value Dollar Percent 2019 2019 2019 2020 change change $241,200 $2,257 $1,036 $1,058 $22 2.1% ** Median Value Home Commercial/Industrial: Estimated Tax Property Capacity 45.907 46.879 Value Value Dollar Percent 2019 2019 2019 2020 change change $2,000,000 $39,250 $18,018 $18,400 $382 2.1% Estimated City Tax Estimated City Tax Tax Capacity Rate CITY OF ELK RIVER ESTIMATED TAX IMPACT Residential (Homestead): With Valuation Change Impact Tax Capacity Rate 45.907 46.879 Value Dollar Percent 2018 2019 Change 2018 2019 2019 2020 change change ** $229,900 $241,200 4.9%$2,134 $2,257 $979 $1,058 $79 8.1% ** Median Value Home Estimated Property Value Estimated City TaxTax Capacity Value