City of Hopkins - PowerPoint - 2002 Budget and Levy
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2002 BUDGET AND lEVY
Approval and Adoption to follow on
December 18th, 2002
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legislative changes enecting local governments
:> In 2002, local governments are being forced to
either reduce or eliminate current services
provided with by tax dollars, such as police, fire,
snow plowing, etc... or replace lost state aid
dollars with taxes.
In 2002, Hopkins is proposing to increase its tax
share to recover lost aid of over $1,000,000.
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legislative changes eRecting local governments
In 2002, the classification rates have been
decreased for all properties thereby decreasing
the tax capacity value. For example:
2001 2002
Market value $130,000 $130,000
Classification x 1.65% x 1.0%
Taxcapacity $ 1,651
$ 1,300
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Total change in tax capacilV for Hopkins
2001 2002
Tax Capacity $13,451,000
City Tax Rate x 390/0
(no HACA)
$10,450,000
x 51%
Taxes
$5,246,000
$5,329,000
Net tax capacity in Hopkins has decreased
21 %. To enable the city to collect
approximately the same amount of taxes, the
city tax capacity rate will increase.
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What is the 2002 Proposed Levv Amountil
:> The 2002 preliminary levy was proposed at $6,491,140
which included funding for the general fund, mandatory
PERA increases and debt service. The Housing and
Redevelopment Authority, (HRA) levy was proposed to
be $100,000.
:> Through changes implemented during the budget review
process, the final proposed levy has been reduced by
$50,000. The proposed final levy amount reflects an
increase in spending of $537,000 or 8.9% increase over
2001.
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WhV do levv's go upil
:> The city experiences increases in the levy through
increased spending or decreases in other revenue
sou rces.
:> The increase in the gross levy is a result of
$320,000 (5.4%) for wages & benefits, which
includes three new positions for the police
aepartment. $50,000 levy for Housing and
Redevelopment, $23,000 for the Depot Teen
Center, $35,000 for capital, $80,000 to replace
decreased interest earnings and $50,000 to
replace government aid.
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3
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2002 Proposed General Fund Budget and
2002 Preliminary levy
General Fund BudQet
$8,346,588
This is an increase over last
years budget of 7.8%.
The increase is primarily a
result of increases in
salaries and benefits,
including new positions and
final payment of the Shady
Oak Beach project.
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Hopkins properlY values
:> The market value
of the average
home in Hopkins
increqsed about
8.5% to
$133,000.
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2001/2002 Levies
$6,541,140
This is an increase over last
years levy of 8.9%.
The increase is a result of
reduced State aids & interest
earnings, increased
expenditures & the new HRA
levy.
The levy includes general, HRA
and debt service levies.
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How much will we pav in CilV Taxesil
:> City services are projected to cost
the average homeowner, who's
assessed value is $133,000, $53 a
month in 2002.
:> Commercial properties with a value
of approximately $147,000 are
projected to pay $101 a month in
2002, for city services.
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How much will we pav in Total Taxesil
)
:> Total property taxes are projected to cost the
average homeowner, who's assessed value is
$133,000, $147 a month in 2002. This
includes County, School District, City and
Special Districts.
:> Commercial properties with a value of
approximately $147,000 are projected to pay
$372 a month in 2002 for total property taxes.
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Proposed Residential ProperlY Tax for 2002
.. mm mm ..g~DMAIgPJ>~QJ>g~T,(TAXIMJ:'bc:;IS
: ~~JPm-ITli\l,J::'~QJ>g~D1
8,65cy.,l1\l<:::~AsgIN(}~~FUl'lDI3UI)(}ET
2000
..,. Market
Value '..
~?~,()()().j
2001
Market
Value
SI06,330:
! !
r~i22:99?rl SI,715,
S133,452
,,'., ..~._._..__,.",.w".,.."...,..__"
. . Lm~I~4:,4:?nL. .S3,()6(i: .
..S200,1??! .
S278,485, . ~5,I 32;
.. S302,157
ASSUMES A 8.5% INCREASE IN MARKEr V ALOE FROM 2000 TO 2001
. .. ..... ...... .._. .h.......~.... .. .... ............m..........'......"..,.,.,.,.....,................................,..,.................,.........,"',...........,.........,............,................"...
. ....;....... ~....
(:;ity~lllakes\lP 36%()fresiclentiaI.~.bW.
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Proposed Comm./lndus. ProperlY Tax for 2002
..T~<::~.....
. .' J>aYa1:>l(l'.
2001 .
.S4:,}4:~.
$24~,O.I~L ,m$8,631[
8.65% INCREASE IN GENERAL FUND BUDGET
Amount
"T9f<::;ttYi
: Tax '
.S;I.,.211
$254,112,. S7,571'
--$1,059) - 12.3%:
$2,273,
S;605,1l~!)':, .S:Z4,30:Z
S;(j:J~,2111: . $19,:Z98:
~_ u, _ _ _ _ .:
:55,0041 L:20,.()%L m:s;(j,(j711:
. S;!,~10'1l511: '.. S50,421 ,
. $1,270,561
S42,422,
--$7,999; ) -15.9%
$14,000
SUMES A 5% INCREASE IN MARKET VALUE FROM 2000 TO 2001
,.,.....,....................................,...,.,...........................__...........__........,_.....v........-...-............,-....-.,........-....-..........'.......................,........r...................,w,..'''''''.......-...
1 c:;itytllJ(lllakes up about30%ofcollllllercial ~ bill
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MonthlY CilV tax bill breakdown
$53 per month
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Inspections, Assessing, Ucensing
$2.40
Finance
$1.00
Planning
$.55
CilV Council
.
=> Elected part-time
officials consisting of a
mayor and four council
members.
=> Council establishes city
policies, goals and
objectives.
=> The Council approves
the annual city budget.
=> Annual cost to average
homeowner $ 8.88.
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Administrative Services
:> Administer City business.
:> Management of human
resou rces.
:> Responsive to citizen
concerns.
:> Enforcement of City Charter,
laws, policies and
resol utions.
:> Information systems control.
:> Annual cost to average
homeowner $31.80.
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Finance
Governmental Fund Type Expenditures
25,000
20,000
15,000
01995
_1996
01997
01998
_1999
10,000
5,000
Year
.
:> Provides financial
management services
including capital and
debt management.
:> Financial support
services to internal
departments.
:> Manages theday-to-day
transactions.
:> Utility billing.
:> Annual cost to average
homeowner $12.18.
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legal
=> Serves in an advisory
capacity to the City
Council, Advisory Boards
and Commissions, City
Manager and City
departments.
=> Responds to summons
or initiates action on
behalf of the City.
=> Annual cost to average
homeowner $2.70.
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OlyL.egal QSs
$ro,OOJ
$8J,00J
$7O,OOJ
$OO,OOJ
$5O,OOJ lY-OIiI
$4O,OOJ -4- Rcsecu1ion
$3:l,00J
$2J,00J
$10,00J
$J
1005 1900 1007 1900 1009
Municipal Building
=> Ensures that a neat and
orderly environment is
provided for the transaction
of public business.
=> Provides physical
maintenance of public
facilities through preventive
maintenance scheduling to
maximize expected life of
facilities.
=> Annual cost to average
homeowner $9.21.
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Hopkins ActiVitv Center
=> The Hopkins Activity Center
provides Seniors, teens and
other community groups
with a location to meet for
recreation, social and other
activities.
=> There are a variety of
classes offered for seniors.
=> Annual cost to average
homeowner $18.09.
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'tf'{lfffi1
Communitv Services
B.ti1J0xE .1SpeCtial
6,lXXl
5,lXXl
4,lXXl
3,lXXl
2,lXXl
1,lXXl
o
1!Rl 1007 11m 1m:!
II ParriIs I Acrs~ D~cnlrspl
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=> Inspection of buildings,
restaurants and rental
units & issues permits.
=> Appraises all properties.
=> Coordinates purchasing
=> Receptionist & council
support.
=> Election process.
=> Annual cost to average
homeowner $28.98.
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Police
:> 24 hour a day service by
responding to crimes,
traffic accidents, medical
emergencies, domestic
disputes and other
community needs.
:> Crime prevention throug "l>>
education.
:> Annual cost to average
homeowner $248.56.
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Fire
:> 24 hour a day service by
responding to fires, medical
emergencies, hazardous
material incidents and other
rescues.
:> Teaches fire prevention and
safety.
:> Emergency response
preparedness.
:> Annual cost to average
homeowner $43.12.
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Public Works
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Recreation
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:> Maintains and manages
more than 55 miles of
roadways, 30 miles of
alleys, 9 parking lots and
7 miles of sidewalks and
trails.
:> Maintains 12 parks and
facilities.
:> Annual cost to average
homeowner $149.19
:> Preserves and manages
our parks system for the
enjoyment of people of
all ages and abilities.
:> Provides a wide range
of programs and
activities for the citizens
of Hopkins.
:> Annual cost to average
homeowner $28.11
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Planning & ZOning
:> Defines the future
directions for the City
through planning
studies and zoning
controls..
:> Annual cost to
average homeowner
$7.51.
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Unallocated
:> Ensures that there is funding available in case of
unanticipated expenditures during the year.
:> Supports the Depot Teen Center and Hop-a-ride.
:> Allows minimal flexibility in funding special projects
during the year
:> Annual cost to average homeowner $10.38.
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Housing and Redevelopment
= Recommends
development and
redevelopment
projects for the
City.
= Annual cost to
average
homeowner
$4.76.
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= Ensures that there
is funding available
to pay principle and
interest on debt
issued by the city
for parks and
streets.
= Annual cost to
average
homeowner
$32.54.
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Debt
-----~-------~---------~-------
6,000,000.00
5,500,000.00
5,000,000.00
4,500,000.00
4,000,000.00
3,500,000.00
3,000,000.00
2,500,000.00
2,000,000.00
1,500,000.00
1,000,000.00
500,000.00
0.00
I
~_.~-----_._----------- -'--. ---- -------...-. -.------------. .
m G. O. Bond Principal . Spc. Assess. Bond Principal 0 Revenue Bond
---..-------...-______._~__ '_n, ____..~___________..___~__.__________,.~_ __
--~-------.,---_.~----._-------_._---._--_._- -----_.._._--~
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Estimated 2002 Propertv Tax Information
Average Home - $133,000
Hennepin School City Special
County District of Districts Total
270 Hopkins
$593 $396 $635 $124 $1 ,748
34% 22% 36% 8% 100%
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2002 Proposed General Fund Revenue Budget
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2002 Proposed General Fund bpenditure Budget
.......'.~S.".I....................................................m.
. .!!v!~':'i"'ip"IJ:3!1i1c1ir1.Sm.
.....,.~_~,~,~.~~.~!yon~.~!.~.~.N'''..~''',..,',.,.
! _99,~~}~xJ~_~~}~~.~..,
Po lice
.1.....)..
i
APPROPRIATIONS
~ ,
t.,)
, ,
:.~...~......
,Council 15>1
! Admin~.!.~!.~y~ ,S~n:-..~.~.~.~,...J
"... i~.~~~.~..
i 'N":?'~'
1 72
.....+..
ij:3,g?':3!?
'.... ??!.,.:3:3?
2(j,???
'.
i .,1,?:3?,ll(j8
.....,;,,:.............2.'l~,?~()
i .1:313,<>:2.?
122,395
....n~...~...J,~,I,. ???~Q~.Q~,~ ,._j__I_~.j..
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2002 Proposed Special Revenue Fund Revenue
Budget
n..__ ,'n".,,'. i'-r'"
i ,
MW,-'" 'W', N'NUN' m c. w' ';'"
Paratransit
"'''''''''N''''''mm''u"m.m'm'~nN'"''''
Ho~~~~g:~~a.:bilitation
J>!I!l<:iI1g
Section 8
Cable Franchise
"......~.w..v..v... ....."'uN...n.'...~..,
l~p()~9>j'f'et:'f:I()use
rt Center
"Nn'N"H'~'~'.'N_'mv__,
CreIre11;t,!:i!,1~<:i!,1gm .
$1
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2002 Proposed Special Revenue Fund
Expenditure Budget
L.....,fQ.t':mical A.~~es..~..T~t':am
, EconomicJ:)tlYt':I<:>pllltmt
'Real Estate Sales
""""""""W""".."."..v.on""""'w.w.w.w.",., ". ,..
..'~~:;:~~ha.tJ~it.lit.i<:>ll 1m
.:;,l(j'.)m
594 :
52 005
3
~(),?(j'.)
. ..1,:;1?:
, (:4:?,}19) -12.0"/0'
: 1,105,066 '?'.),Q":,,?;
I.?':;(j~,??~ J. .. .1'.)..6% i
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2002 Proposed Proprieta", Fund Revenue Budget
i
~,,,..
IPROPRlEfARYFUNDS
'i:'M"'^"pn..h-.M"M"m......M"'M"..m=....m'M"'~"'^','-'..m../m'......',.....,"'m..=M""..~
4,696,200
4,?45,~85 i
(50,715)] -1.1%,
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2002 Proposed Proprieta" Fund Expense Budget
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2002 Distribution of Your Net Propem Tax
School
22%
fill] City
UJ County
. School
IIIIlMisc.
County
34%
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Summary for 2002
:> The proposed final tax levy increase for 2002 is
$537,147, or 8.9% over last year.
:> The proposed General Fund Budget for 2002 is
$606,504 or 7.8% over last year. The increase
includes the final Shady Oak Beach payment of
$122,816.
:> The proposed final levy is under the legal levy
limit by $242,500.
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