9.B. SR 09-02-2008REQUEST FOR ACTION
To Item Number
Ci Council 9.B.
Agenda Section Meeting Date Prepared by
Worksession Se tember 2, 2008 Lori ohnson, Ci Administrator
Item Description Reviewed by
2009 Tax Levy and Budget Discussion
Reviewed by
Action Requested
Consider following resolutions and motion for adoption no later than the September 8 meeting:
1. A resolution authorizing the proposed property tax levy for collection in 2009.
2. A resolution approving the House and Redevelopment Authority 2009 tax levy.
3. A resolution approving the 2009 tax levy for Economic Development purposes for the Elk
River Economic Development Authority.
4. A motion to set the Truth in Taxation hearing for Monday, December 1 at 6:30 p.m. with
the continuation hearing on Monday, December 8 at 6:30 p.m.
Background/Discussion
The City's tax levies must be certified to the County Auditor no later than September 15. This includes
the levies for the EDA and HRA as well as the proposed maximum tax levy for the City. The Council
must also set the date and time for the Truth in Taxation and continuation hearings. The EDA and HRA
levies have already been approved by their respective commissions; the levies are consistent with past
levies. The levy yet to be set is the proposed maximum tax levy for the City.
In previous discussions about the proposed maximum tax levy for 2009, the Council's goal has been to
keep the tax rate constant and approve a levy that yields a tax rate of 42.494, identical to the 2008 tax rate.
As of the writing of this memo, estimated net tax capacity (NTC) data has not been received from the
County. Until an updated estimate is received, it is very difficult to set the levy. However, since the last
budget meeting, the Department of Revenue has released data on levy limit calculations so we know that
the most the City can levy under levy limits is $9,878,577; when special levies are added the total levy is
$11,477,816. By contrast the levy assuming three percent NTC growth and a tax rate of 42.494 generates
a tax levy of $11,084,248. The attachment labeled Preliminary Levy and Tax Rate Data indicates the tax
revenue generated using the 2008 tax rate assuming various NTC increases and the tax rate resulting from
those same NTC increases if the City levies to the levy limit.
Fox budgeting purposes, we have assumed a three percent NTC increase and a constant tax rate when
estimating the tax revenue available to support General fund activities. Based on this assumption,
requested expenditures exceed proposed revenues by $519,850. We have identified $104,750 in budget
adjustments leaving a real difference of $415,100. Each additional percent increase in NTC generates
$107,500 in tax revenue. Therefore, if the NTC increase is five percent instead of three percent, the
S:\Council\Lori\2008\Budget Discussion 09 02 08.doc
adjustments needed drop from $415,100 to $200,100. Additional budget adjustments will be proposed to
the Council later based on the adopted proposed tax levy.
It is important to remember that the tax levy can be decreased in December when the final levy is
improved, but it can not be increased. Therefore, it is best to not be overly conservative when setting the
proposed levy because if the NTC increases more than estimated, the levy can not be increased to reflect
the additional tax revenue that would be generated by the additional net tax capacity growth.
Staff will be prepared to discuss the tax rate, NTC, and levy amounts in more detail at the meeting.
Hopefully, the County will provide the estimated NTC data prior to the meeting so we can base our
discussion on actual data instead of assumptions. Finance Director Tim Simon and I will be prepared to
go over the tax levy and budget data in as much detail as the Council wants at the work session.
Attachments
^ Preliminary Levy and Tax Rate Data
^ Resolution Authorizing the Proposed Property Tax Levy for Collection in 2009
^ Resolution Approving the Housing and Redevelopment Authority 2009 Tax Levy
^ Resolution Approving the 2009 Tax Levy for Economic Development Purposes for the Elk River
Economic Development Authority
^ Proposed 2009 General Fund Budget Summary
Action Motion by Second by Vote
Follow Up
S:\Council\Lori\2008\Budget Discussion 09 02 08.doc
PRELIMINARY LEVY AND TAX RATE DATA
FOR TAXES PAYABLE 2009
Net
Levy
General Fund 3% NTC increase $ 9,349,609
PERA Employer Rate Increase 76,915
Library 85,400
Surface Water Mgmt. 50,000
City Special Assessments 17,356
1994 Storm Sewer Bonds 116,645
2005 Improvement Bonds 88,400
2005 Certificate of Indebtedness 149,612
2006 Certificate of Indebtedness 92,465
2007 Certificate of Indebtedness 110,644
Public Safety Lease Rev. Bonds 603,254
2007 Improvement Bonds 121,748
Economic Development Tax Abatement 222,200
$ 11,084,248
Increase over
Avail. For 2008
General Fund General Fund
NTC Levy Tax Rate Tax Levy Tax Lery
Final NTC -March 2008 25,324,612 10,761,311 42.493%
3% NTC Increase
2008 Tax Rate 26,084,350 11,084,248 42.493% - 210,259
4% NTC Increase
2008 Tax Rate 26,337,596 11,191,763 42.493% 107,515 317,774
5% NTC Increase
2008 Tax Rate 26,590,843 11,299,377 42.493% 215,129 425,388
6% NTC Increase
2008 Tax Rate 26,844,089 11,406,990 42.493% 322,742 533,001
LEVY LIMIT Net
Levy
General Fund $ 9,743,177
PERA Employer Rate Increase 76,915
Library 85,400
Surface Water Mgmt. 50,000
City Special Assessments 17,356
1894 Storm Sewer Bonds 116,645
2005 Improvement Bonds 88,400
2005 Certificate of Indebtedness 149,612
2006 Certificate of Indebtedness 92,465
2007 Certificate of Indebtedness 110,644
Public Safety Lease Rev. Bonds 603,254
2007 Improvement Bonds 121,748
Economic Development Tax Abatement 222,200
$ 11,477,816
Increase over
Avail. For 2008
General Fund General Fund
NTC Levy Tax Rate Tax Levy Tax Levy
Final NTC -March 2008 25,324,612 10,761,311 42.493%
3% NTC Increase
2009 Tax Rate 26,084,350 11,477,816 44.003% - 603,827
4% NTC Increase
2009 Tax Rate 26,337,596 11,477,816 43.580% - 603,827
5% NTC Increase
2009 Tax Rate 26,590,843 11,477,816 43.165% - 603,827
6% NTC Increase
2009 Tax Rate 26,844,089 11,477,816 42.757% - 603,827
08/28/2008
Tax NTC 1
SOURCE OF FUNDS -GENERAL FUND
2006 2007 2008 2009
ACTUAL ACTUAL ADOPTED PROPOSED % Increase
TAXES $ 6,967,985
INTERGOVERNMENTAL REVENUES 1,314,482
CHARGES FOR SERVICES 835,804
FINES AND FORFEITS 150,402
LICENSES & PERMITS 1,207,369
OTHER REVENUES 275,303
TRANSFERS 442,186
$ 7,946,017 * $ 9,189,350 $ 9,576,500 4.21%
1,323,874 976,900 983,600 0.69%
740,197 766,950 608,800 -20.62%
148,904 160,000 157,000 -1.88%
987,711 676,250 353,550 -47.72%
318,713 251,000 260,000 3.59%
451,303 473,000 599,600 26.77%
TOTAL $ 11,193,531 $ 11,916,719 $ 12,493,450 $ 12,539,050 0.36%
* =Market value credit is included in the 2008 & 2009 as part of the Taxes amount and when received is recrorded as intergovernmental revenues.
APPROPRIATIONS SUMMARY
- 2006 2007 2008 2009 °h of °k $$ 2008
ACTUAL AMENDED ADOPTED PROPOSED Total Change Increase % of Total
General Government
MAYOR & COUNCIL $ 168,321 $ 210,150 $ 221,100 $ 168,100 1.29% -23.97% $ (53,000) 1.77°k
CABLE TV 81,104 92,400 99,250 93,500 0.72% -5.79% $ (5,750) 0.79%
ADMINISTRATION 416,012 439,250 457,750 481,150 3.68% 5.11% $ 23,400 3.66%
HUMAN RESOURCES - 83,500 156,900 149,450 1.14% -4.75% $ (7,450) 1.26%
ELECTIONS 30,169 - 40,850 - 0.00°h -100.00°h $ (40,850) 0.33%
FINANCE 415,850 450,050 434,450 453,300 3.47% 4.34% $ 18,850 3.48%
INFORMATION TECHNOLOGY 225,246 237,350 256,250 288,050 2.21% 12.41% $ 31,800 2.05%
LEGAL 229,110 249,850 234,700 234,000 1.79% -0.30% $ (700) 1.88%
COMMUNITY DEVELOPMENT - 170,300 158,550 178,900 1.37% 12.84% $ 20,350 1.27%
PLANNING 375,651 294,450 328,450 419,000 3.21% 27.57% $ 90,550 2.63%
BUILDING MAINTENANCE 235;625 245,150 300,000 300,300 2.30°h 0.10% $ 300 2.40%
CONTINGENCY 17,305 14,000 60,000 65,000 0.50% 8.33% $ 5,000 0.48%
ENERGY CITY 32,826 42,300 93,350 91,300 0.70% -2.20% $ (2,050) 0.75%
General Government 2,227,249 2,528,750 2,841,600 2,922,050 22.38% 2.83% $ 80,450 22.74%
Public Safety
POLICE 3,676,270 3,797,250 4,192,050 4,311,100 33.01% 2.84% $ 119,050 33.55%
FIRE 631,151 666,300 639,250 682,700 5.23% 6.80% $ 43,450 5.12%
EMERGENCY MANAGEMENT 37,346 44,700 52,300 49,150 0.38% -6.02% $ (3,150) 0.42°k
BUILDING & ENVIRONMENTAL 768,679 698,900 807,750 684,250 5.24°k -15.29% $ (123,500) 6.47%
ENVIRONMENTAL - 88,050 87,150 93,000 0.71% 6.71% $ 5,850 0.70°10
Public Safety 5,113,446 5,295,200 5,778,500 5,820,200 .44.57% 0.72% $ 41,700 46.25%
Public Works
STREETS 1,096,473 1,292,650 1,196,450 1,452,200 11.12% 21.38% $ 255,750 9.58%
SNOW REMOVAL 149,463 304,550 301,600 308,750 2.36% 2.37% $ 7,150 2.41°k
EQUIPMENT SERVICES 223,937 235,700 280,800 256,650 1.97°k -8.60% $ (24,150) 2.25%
ENGINEERING 114,030 209,100 174,550 191,300 1.46% 9.60% $ 16,750 1.40%
Public Works 1,583,903 2,042,000 1,953,400 2,208,900 16.91% 13.08% $ 255,500 15.64%
Culture 8 Recreation
PARK MAINTENANCE 608,362 678,150 668,350 808,900 6.19% 21.03% $ 140,550 5.35%
RECREATION 645,277 743,400 781,850 820,100 6.28% 4.89% $ 38,250 6,26°I°
SR. CITIZEN PROGRAMS 111,774 165,900 201,300 195,050 1.49% -3.10% $ (6,250) 1.61%
Culture & Recreation 1,365,413 1,587,450 1,651,500 1,824,050 13.97°l0 10.45% $ 172,550 13.22°h
TRANSFERS 688,518 194,600 268,450 283,700 2.17% 5.68% $ 15,250 2.15%
TOTAL $ 10,978,529 $ 11,648,000 $ 12,493,450 $ 13,058,900 100.00% 4.53% $ 565,450 100.00°/a
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RESOLUTION 08 -
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION AUTHORIZING THE PROPOSED PROPERTY TAX LEVY
FOR COLLECTION IN 2009
WHEREAS, the Elk River City Council has reviewed the City's anticipated
expenditures for all funds in 2009; and,
WHEREAS, the Elk River City Council has considered projected revenues for
all funds in 2009; 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 2009:
Levy
General Fund $ -
PERA Employer Rate Increase 76,915
Library 85,400
Surface Water Management 50,000
City Special Assessments 17,356
1994 Storm Sewer Bonds 116,645
2005 Improvement Bonds 88,400
2007 Improvement Bonds 121,748
2007 Certificate of Indebtedness 110,644
2006 Certificate of Indebtedness 92,465
2005 Certificate of Indebtedness 149,612
Public Safety Lease Revenue Bonds 603,254
Economic Development Tax Abatement 222,200
TOTAL $ -
Passed and adopted by the City Council of the City of Elk River this 2nd
day of September, 2008.
Stephanie Klinzing, Mayor
ATTEST:
Tina Allard, City Clerk
RESOLUTION 08 -
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION APPROVING THE HOUSING AND
REDEVELOPMENT AUTHORITY 2009 TAX LEVY
WHEREAS, the Housing and Redevelopment Authority in and for the City of Elk River
has requested that the City authorize a levy of .0144% of the taxable
market value of the City for various redevelopment activities; and,
WHEREAS, the City Council of the City of Elk River has consented to this levy.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River
that the Housing and Redevelopment Authority in and for the City of Elk River certify a
levy of .0144% of the taxable market in the City for the benefit of the Housing and
Redevelopment Authority.
Passed and adopted by the City Council of the City of Elk River, Minnesota this day of
September, 2008.
Stephanie Klinzing, Mayor
ATTEST:
Tina Allard, City Clerk
RESOLUTION 08 -
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION APPROVING THE 2009 TAX LEVY FOR ECONOMIC
DEVELOPMENT PURPOSES FOR THE ELK RIVER ECONOMIC
DEVELOPMENT AUTHORITY
WHEREAS, the City Council of the Ciry of Elk River has received a request from the
Economic Development Authority to levy a tax fox the benefit of the
Authority in the amount of .01813% of taxable market value of taxable
property in the City for the year of 2009.
NOW, THEREFORE, BE IT RESOLVED by the Ciry Council of the Ciry of Elk River
as follows: The City Council of the City of Elk River proposes that a tax in the amount of
.01813% of the taxable market value in the City be levied in the year 2009 for the benefit of
the City of Elk River Economic Development Authority to be used for Economic
Development Authority purposes as provided under Minnesota Statute 469.090 et.seg•
Passed and adopted by the City Council of the Ciry of Elk River, Minnesota this day of
September, 2008.
Stephanie Klinzing, Mayor
ATTEST:
Tina Allard, City Clerk