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VII.1. Approve Proposed 2018 Levy, Proposed 2018 General Fund Budget and Set Budget Meeting Date; Bishop (2017-114) September 19, 2017 Council Report 2017-114 APPROVE PROPOSED 2018 LEVY, PROPOSED 2018 GENERAL FUND BUDGET AND SET BUDGET MEETING DATE Proposed Action Staff recommends adoption of the following motion: Move to approve Resolution 2017-063 “Approving proposed 2018 tax levy, debt service levies at levels under those required in the bond covenants, proposed 2018 general fund budget, and setting budget meeting dates”. Adoption of resolution 2017-063 will set a maximum tax levy for 2018, will set debt levies at amounts sufficient to pay debt service requirements taking into consideration other revenue sources and fund reserves, and approve a proposed 2018 general fund budget. Actual budget and tax levy adoption will not occur until December 2017. Overview The City is required to certify a proposed tax levy and submit it to the county by September 30th. There is also a requirement to hold a public meeting on the budget where public comments are taken. Staff is suggesting December 5, 2017 as an appropriate date to discuss the budget. This will allow us to take into consideration comments from the public prior to adopting the budget. If there are no changes to the proposed budget if can be approved at that same meeting. A proposed general fund budget has been established and is attached for your review. Adoption of the actual budget will occur in December 2017 following the public comment meeting, and at that time, the final levy may not exceed the approved proposed levy. The city council is charged with the authority to establish a budget for 2018 and set the preliminary levy. Levy limits were removed for 2015 and have not been reinstated, however the Financial Management Plan adopted by the Council in February 2014 was used for establishing the levy and budget. Staff is recommending that council approve the resolution setting the proposed levy for general fund operations; approve the levy adequate for the payment of debt, and to set budget meeting dates as set forth in the resolution. Primary Issues to Consider • 2018 budget concerns • Local Government Aid Supporting Information • Power point presentation • 2018 proposed general fund budget and tax levy • Resolution 2017-xxx ____________________________________ Nick Bishop, CPA Finance Director Financial Impact: $ 13,435,355 Budgeted: Y/N X N Source: Taxes and other revenues Related Documents (CIP, ERP, etc.): __2018 budget__ ______Notes: ____ ________________ Staff Analysis • Local Government Aid (LGA) LGA, a property tax relief program to cities, that ensures residents have access to basic services, regardless of where in Minnesota they live, was reinstated in 2014. Our allocation was increased for 2018 by 29.5% or $125,107. We are required to use these funds to reduce the tax levy. • 2018 Levy The tax levy proposed totals $14,221,880 which includes levies for the General Fund, Arts Center, Capital Improvement Fund and bonded debt. Details are included in the attached summary of tax levy. • 2018 Budget Analysis The 2018 general fund budget, and the 2018 general operating tax is proposed at $13,435,355 and $10,832,657 respectively. The proposed levy based on the budget and FMP and can only be reduced from this point forward. The general fund budget is currently proposed to increase by 4.67% over the 2017 budget and is balanced. Personnel related expenditures include a contingency to implement a Classification and Compensation study and hire a full-time fire marshal instead of 30 hours/week of part-time employees. New costs include, equipment, IT, office reconfiguration, Fire Relief contribution, signage, health services and recruitment. Because we are a service related operation, salaries and benefits compose 74% of current general fund expenditures and the classification and compensation study along with labor negotiations may have a tremendous impact on the budget. The council and staff will continue to work on a final budget that will allow for essential programs and services to be accomplished. Attached to this report is a summary of 2018 general fund budget revenues by revenue type and expenditures by department. • 2017 Budget Meeting for the 2018 Budget and 2018 Tax Levy The 2009 Legislature made significant changes to the truth-in-taxation (TNT) requirements, essentially abolishing the old scheme. The new law now requires that on or before September 30th at a regularly scheduled meeting at which the city council adopts a proposed tax levy, the city council must also announce: • The time and place of the council’s next regularly scheduled meetings at which the budget and levy will be discussed and must not be held before 6 pm. • The date and time of the regularly scheduled meeting at which a final budget and levy will be determined. • That the public will be allowed to speak at these subsequent meetings. On or before September 30th, the time as place of regularly scheduled meetings dealing with the budget and levies must be included in the minutes. Therefore, staff is recommending the City Council budget meeting be set for December 5, 2017 with possible adoption of the final budget at that same meeting. 9/14/2017 1 2018 Preliminary Levy and Budget September 19th, 2017 Truth in Taxation Process Council adopts proposed levy and budget by  September 30th of each year Council sets budget meeting date for  discussion and to receive public comment Budget Meeting – Tuesday, December 5 th Budget approval December 5th or 19th Parcel specific notices mailed by Hennepin  County 9/14/2017 2 2018 Proposed General Fund Budget Balanced Budget Revenues = Expenditures  $13,435,355 4.7% Increase from 2016 2018 Proposed General Fund Expenditures Additions for 2018: Contingency for Classification and Compensation  Study Implementation Full‐time Fire Marshall replacing 30 hour/week of  part‐time employees Equipment, IT, Furniture, Office Reconfiguration,  Fire Relief Contribution, Signage, Health Services  and Recruitment 9/14/2017 3 2018 Proposed General Fund Expenditures Budget Proposed % Increase FY2017 FY2018 (Decrease) General Government 1,491,936 1,603,149 7.45% Community Services 1,518,257 1,431,560 -5.71% Public Safety 6,271,634 6,343,084 1.14% Public Works 2,800,932 2,912,055 3.97% Recreation 667,781 682,307 2.18% Other 84,772 463,200 446.41% 12,835,312 13,435,355 4.67% 2018 Proposed General Fund Expenditures General  Government,  11.9% Community  Services,  10.7% Public Safety,  47.2% Public Works,  21.7% Recreation,  5.1% Other, 3.4% 9/14/2017 4 2018 Proposed General Fund Revenue Tax Levy – increased $466K or 4.5% Local Government Aid – increased $125K Inspections Revenue – increased $91K 2018 Proposed General Fund Revenue Budget Proposed % Increase FY2017 FY2018 (Decrease) Property Taxes 10,366,666 10,832,657 4.50% Intergov't Revenue 1,028,426 1,173,933 14.15% Licenses, Permits & Fines 707,225 785,465 11.06% Charges for Service 192,850 222,850 15.56% Misc. Revenue 540,145 420,450 -22.16% Total Revenue 12,835,312 13,435,355 4.67% 9/14/2017 5 2018 Proposed General Fund Revenue Property  Taxes, 80.6% Intergov't  Revenue, 8.7% Licenses,  Permits &  Fines, 5.8% Charges for  Service, 1.7%Misc. Revenue,  3.1% Proposed 2018 Levy Actual Proposed % Increase Purpose FY2017 FY2018 (Decrease) General Operations General Fund 10,281,666.00 10,747,657.00 4.53% Capital Levy 310,000.00 75,000.00 -75.81% Arts Center Levy 250,000.00 250,000.00 0.00% Total General Operations 10,841,666.00 11,072,657.00 2.13% 9/14/2017 6 Proposed 2018 Levy Actual Proposed % Increase Purpose FY2017 FY2018 (Decrease) Debt Levy Debt Issued Prior to 2017 2,103,366.00 2,082,375.00 -1.00% Debt Issued in 2017 - 1,066,848.00 100.00% Total Debt Levy 2,103,366.00 3,149,223.00 49.72% Proposed 2018 Levy *Blake Road, 8th Avenue ARTery Project &                 Burnes Park Improvements Actual Proposed % Increase Purpose FY2017 FY2018 (Decrease) Debt Levy Debt Issued Prior to 2017 2,103,366.00 2,082,375.00 -1.00% Debt Issued in 2017* - 1,066,848.00 100.00% Total Debt Levy 2,103,366.00 3,149,223.00 49.72% 9/14/2017 7 Proposed 2018 Levy Tax Increases of $150 to Average Home General Operations ‐ $40 Debt Levy ‐ $110 (Blake Road, ARTery, Burnes Park) Actual Proposed % Increase Purpose FY2017 FY2018 (Decrease) Total Levy 12,945,032.00 14,221,880.00 9.86% Next Steps ‐ Levy Adopt proposed budget and levy during this  Meeting Certify to County by September 30th Parcel Specific Notices mailed by County Hold Public Meeting on budget and levy at the  December 5th Council Meeting Final Certification to County due on December  28th 9/14/2017 8 Next Steps – 2018 Budgets Utility Rate Increase Discussion – Oct/Nov CIP/ERP – Nov/Dec Enterprise and Special Revenue Fund Budgets  – Oct/Nov/Dec City of Hopkins General Fund Revenue Budget For the Year Ending December 31, 2018 Proposed September 19, 2017 Department 2017 Budget 2018 Budget % Increase (Decrease) Property Taxes 10,366,666 10,832,657 4.50% Intergovernmental Revenue PERA Aid 20,510 20,510 Local Government Aid 423,916 549,023 Intergovernmental Revenue - Other 584,000 604,400 Total Intergovernmental Revenue 1,028,426 1,173,933 14.15% Licenses, Permits & Fines Court Fines & Penalties 176,500 176,500 Building Permits & Inspections 385,660 463,900 Inspection Fines & Citations 8,000 8,000 City Clerk - Business Licenses 7,050 7,050 PD - Liquor, Animal Licenses & Penalties 95,600 95,600 Fire - Licenses & Permits 3,800 3,800 Public Works - Licenses & Permits 27,115 27,115 Planning & Zoning - Licenses & Permits 3,500 3,500 Total Licenses, Permits & Fines 707,225 785,465 11.06% Charges for Service Finance Department 9,750 9,750 Assessing 3,000 3,000 Inspections 74,850 87,850 Police 33,000 33,000 Fire 3,000 15,000 Public Works 2,750 2,750 Activity Center 66,500 71,500 Total Charges for Service 192,850 222,850 15.56% Miscellaneous Revenue Franchise Fees 290,000 290,000 Miscellaneous 20,250 15,250 Finance Department 5,100 5,100 Elections 20,000 - Police 2,000 2,000 Fire 3,500 3,500 Public Works 4,600 4,600 Activity Center 10,000 10,000 Planning 94,695 - Community Development 90,000 90,000 Total Miscellaneous 540,145 420,450 -22.16% Total Revenues 12,835,312 13,435,355 4.67% City of Hopkins General Fund Expenditure Budget For the Year Ending December 31, 2018 Proposed September 19, 2017 Department 2017 Budget 2018 Budget % Increase (Decrease) City Council 82,898 103,559 24.92% Administrative Services Administration 199,194 244,868 Personnel 96,364 61,406 Wellness 2,500 2,550 Information Services 331,590 373,359 Total Administrative Services 629,648 682,183 8.34% Finance General Accounting 188,954 190,381 Payroll 82,809 82,847 Utility Billing 10,895 10,950 Total Finance 282,658 284,178 0.54% Legal 150,000 150,000 0.00% Municipal Building 343,282 379,764 10.63% History Center 3,450 3,465 0.43% Receptionist 43,044 - -100.00% Assessing 222,643 222,826 0.08% City Clerk City Clerk 110,120 69,568 Elections 58,935 83,900 Total City Clerk 169,055 153,468 -9.22% Inspections Building Code Inspections 290,272 301,747 Fire Inspections 42,025 42,120 Heating & Plumbing Inspections 99,552 101,242 Housing Inspections 185,796 190,052 Misc. Community Inspections 89,246 91,536 Vacant Property Management 4,927 4,927 Total Inspections 711,818 731,624 2.78% Police Police Administration 494,817 514,172 Patrol 3,396,561 3,379,591 SWAT 81,272 81,931 Reserves 20,788 20,897 Investigations 496,984 494,629 Metro Drug Task Force 138,146 143,756 Outreach 116,303 116,380 Reception-Records 286,140 286,370 Systems Management 64,091 65,500 Total Police 5,095,102 5,103,226 0.16% City of Hopkins General Fund Expenditure Budget For the Year Ending December 31, 2018 Proposed September 19, 2017 Department 2017 Budget 2018 Budget % Increase (Decrease) Fire 1,176,532 1,239,858 5.38% Public Works PW Building 54,109 64,444 Equipment Services 125,648 130,323 Administration 62,165 62,261 Engineering 148,278 160,324 Street & Alleys 1,114,847 1,118,497 Snow & Ice Removal 224,106 221,327 Parks 784,337 855,515 Forestry 287,442 299,364 Total Public Works 2,800,932 2,912,055 3.97% Recreation Playground 22,755 22,762 Ice Rink 31,618 31,636 Park Service 27,162 27,173 Joint Recreation 169,500 172,000 Skate Park 8,819 8,833 Total Recreation 259,854 262,404 0.98% Activity Center Community Use 335,497 343,861 Maintenance 72,430 76,042 Total Activity Center 407,927 419,903 2.94% Planning & Zoning 246,877 196,774 -20.29% Community Development 124,820 126,868 1.64% Tuition Reimbursement 15,200 18,200 19.74% Contingency 54,572 430,000 687.95% Transfer to Other Funds 15,000 15,000 0.00% Total Expenditures 12,835,312 13,435,355 4.67% 9/19/2017 Purpose 2015 2016 2017 General Levy General Fund 9,224,729$ 9,711,951$ 10,281,666$ Capital Levy 53,000 125,000 310,000 Arts Center 85,000 140,000 250,000 Pavilion 65,000 65,000 - PERA Levy 35,500 - - Total General Levy 9,463,229$ 10,041,951$ 10,841,666$ B2679 2010A GO Improvement Bonds 82,194 79,437 81,472 B2832 2012A GO CIP Bonds 220,000 220,000 220,000 B2833 2012B GO Bonds 70,000 141,970 140,000 B2833 2012B Equipment Certificates 96,285 96,285 94,605 B2883 2013A GO Bonds 75,000 - 93,388 B2964 2014A GO Bonds 88,471 87,993 97,000 B2983 2014B GO Refunding (formerly 2007A & B) 882,894 881,975 821,625 B3031 2015A GO SROP Bonds - 264,261 264,576 2015B GO Tax Abatement - 135,957 139,792 B3123 2016A GO Improvement Bonds - - 111,413 B3122 2016B Tax Abatement Bonds - - 39,495 B3141 2016C Equipment Certificates - - - B3198 2017A SROP Bonds - - - 2017B Tax Abatement Bonds - - - Subtotal - Debt Levies 1,514,844 1,907,878 2,103,366 TOTAL LEVIES 10,978,073$ 11,949,829$ 12,945,032$ Tax Capacity Rate (per HC rate cards)61.008% 63.988% 62.985% Chnge from prior year CITY OF HOPKINS ANALYSIS OF TAX LEVY CITY OF HOPKINS Hennepin County, Minnesota RESOLUTION NO. 2017-063 RESOLUTION APPROVING THE PROPOSED 2018 TAX LEVY, SETTING DEBT SERVICES LEVIES AT LEVELS UNDER THOSE REQUIRED IN THE BOND COVENANTS, APPROVING THE PROPOSED 2018 BUDGET, AND SETTING BUDGET MEETING DATE BE IT RESOLVED BY THE COUNCIL OF THE CITY OF HOPKINS, MINNESOTA, That the following sums be levied for 2018 upon the taxable property in the City of Hopkins, for the following purposes. General Levy General $11,072,657 Special Levies Debt Levies 2010A GO Improvement Bonds 80,000 2012A GO Capital Improvement Bonds 220,000 2012B GO Bonds 120,000 2012B Equipment Certificates 90,000 2013A GO Bonds 80,000 2014A GO Bonds 90,000 2014B GO Refunding Bonds 670,000 2015A GO Street Reconstruction Bonds 250,000 2015B GO Tax Abatement Bonds 115,000 2016A GO Improvement Bonds 90,000 2016B GO Tax Abatement Bonds 39,495 2016C Equipment Certificates 242,484 2017A GO Street Reconstruction Bonds 900,000 2017B GO Tax Abatement Bonds 166,848 Subtotal Special Levies 3,149,223 Total Levy $14,221,880 That based upon staff analysis of specials assessments currently levied for Permanent Improvement Bonds, alternative revenue sources for the Capital Improvement Bonds and Equipment Certificates, and available reserves within all debt service funds listed below, that the debt service levies for 2018 for the following issues be levied at amounts less than that provided by the bond covenants. Net Debt Bond Issue Service Levy $2,710,000 G.O. Improvement Bonds of 2010A (B2679) $ 80,000 $5,505,000 G.O. Bonds of 2012B (B2833) $ 210,000 $3,650,000 G.O. Bonds of 2013A (B2833) $ 80,000 $1,895,000 G.O. Improvement Bonds of 2014A (B2964) $ 90,000 $6,345,000 G.O. Refunding Bonds of 2014B (B2983) $ 670,000 $4,100,000 G.O. Street Reconstruction bonds of 2015A (B3031) $ 250,000 $2,940,000 G.O. Tax Abatement Bonds of 2015B $ 115,000 $4,335,000 G.O. Improvement Bonds of 2016A (B3123) $ 90,000 $1,630,000 G.O. Tax Abatement Bonds of 2016B (B3122) $ 34,981 $11,795,000 G.O. Street Reconstruction Bonds of 2017A (B3198) $ 900,000 $3,170,000 G.O. Tax Abatement Bonds of 2017B $ 166,848 That the Proposed 2017 General Fund Budget be set at $13,435,355. That the budget meeting to discuss the 2017 budget and tax levy be set for December 5, 2017 at 7:00 pm in the City Council Chambers. BE IT FURTHER RESOLVED that the City Clerk is hereby ordered and directed to transmit a certified copy of this resolution to the County Auditor of Hennepin County, Minnesota. Adopted by the City Council of the City of Hopkins this 19th day of September 2017. By Molly Cummings, Mayor ATTEST: Amy Domeier, City Clerk