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CR 08-082 Approve Proposed 2009 Levy, Propsed 2009 General Fund Budget and Set Budget Public Hearing DateAugust 28, 2008 Council Report 2008-082 APPROVE PROPOSED 2009 LEVY, PROPOSED 2009 GENERAL FUND BUDGET AND SET BUDGET PUBLIC HEARING DATES Proposed Action Staff recommends adoption of the following motions: Move to approve Resolution 2008-049 "Approving.proposed 2009 tax levy, debt service levies at levels under those required in the bond covenants, proposed 2009 general fund budget and setting_public hearin dg ates,,, Adoption of resolution 2008-049 will set a maximum tax levy for 2009, 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 2009 general fund budget. Actual budget and tax levy adoption will not occur until December 2008. Overview The Truth in Taxation process requires the City of Hopkins to certify a proposed levy and set public hearing dates in conformance with state statute. A proposed general fund budget has been established. Adoption of the actual budget will occur in December 2008, 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 2009 and set the preliminary levy. Levy limits have been reinstated for 2009 which presented challenges in the 2009 budget process. • 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 the public hearing dates as set forth in the resolution. Primary Issues to Consider • Legislative impacts • 2009 budget concerns Supporting Information • Pawer point presentation slides • 2009 proposed general fund budget • Historic Tax Levy Table • Property tax impacts for Hopkins taxes payable 2009 • Resolution 2008-049 L~~i~G~U `f~v5,~~~ Christine M. Harkess. CPA, CGFM Finance Director Financial Impact: $ 10,075,492 Budgeted: YIN X N Source: Taxes and other revenues Related Documents (CIP, ERP, etc.): 2009 bud eg t Notes: Staff Analysis • 2008 Legislative Actions Local government aid (LGA), a property tax relief program to cities, that ensures residents have access to basic services, regardless of where in Minnesota they live, did not see any changes in 2008 that would impact the city of Hopkins. The City of Hopkins receives $50,000 in LGA, which is earmarked for the Hopkins Center for the Arts. Levy limits last repealed for 2005 were reinstated for the years 2009-201 1. • 2009 Levy The City of Hopkins is proposing a total tax levy increase of X358,734 or 3.9%. The tax levy proposed totals $9,553,114 which includes levies for the general fund, capital projects, PERA increases and bonded debt. Detailsare included in the attached summary of tax levy. The overall tax rate for the city will increase by an estimated 1.96% to 46.291%. The debt levy for 2009 does not have any new debt issues included. The Capital Improvement debt is reduced by $80,000 with excess project funds. This is the fourth year of a 4-year debt service reduction due to project savings on our $13M facility projects. The Housing and Redevelopment Authority levy for 2009 is a continuation of the reinstatement of their past levy authority, however it remains at a significantly reduced level. The HRA levy is a separate levy that is shown separately on the tax statements under "Other Taxing Districts". In an ongoing attempt to establish a fund for capital improvements we are continuing the levy implemented in 2005. The City of Hopkins' tax capacity increased by 3% due to new development, construction and general increases in property values most of which are commercial. This increase is smaller than in past years due to the current housing market. All these factors contribute to keeping the proposed 2009 levy at a moderate level • 2009 Budget Analysis The 2009 general fund budget, and the 2009 general operating tax levy are proposed at $10,075,492 and $8,160,614, respectively. The proposed levy is set at maximum amount and can only be reduced. Staff has spent a considerable amount of time refining original budget requests to obtain the most responsible budget and tax levy. The general fund budget is proposed to increase by $503,325 or 5.26% over the 2008 budget. Expenditures have increased due to salary and benefit increases, insurance -health and liability/property, fuel and fuel related products such as bituminous products, and heating costs. Many of these costs are related to the state of the economy. Because we are a service related operation, salaries and benefits compose 76% of current general fund expenditures and any labor negotiations 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 2009 general fund budget revenues and expenditure requests. • Tax Impacts of Levy's Attached you'll End the proposed levy impacts for residential property.. Previously when levy limits were in place the City Council historically has set the proposed levy amount at the State's recommended levy limit. After four years without levy limits they have been reinstated for 2009. This has presented challenges in establishing a 2009 budget; however staff is recommending based on council input, that the Council set the proposed levy with a maximum 3.9% increase which is an amount that will provide adequate resources to meet the needs of the community while minimizing the impact on property owners. • 2008 Public Hearings for the 2009 Budget and 2009 Tax Levy Cities with populations above 500 are required to hold public hearings to give notification of the proposed property tax levy for the taxes payable in 2009 and the proposed budget for 2009. The percentage increase in the property taxes proposed and the specific purposes for a property tax increase must be discussed at the hearing. There are restrictions on which dates cities are able to hold public hearings for their proposed 2009 budget and property tax levy. The legislature has set aside the first two Mondays in December for the use of cities to hold their Initial Public Hearing and the Continuation Hearing. The City of Hopkins can choose other dates but it must not overlap the county or school districts dates and must be between November 29, 2008 and December 20, 2008. There are other restrictions that must be adhered to also. The state has established maximum levies cities can set that will exempt them from the tax hearing process. For Hopkins that amount is $9,763,907. The levy we are proposing is $9,553,114 or $210,793 LESS than the maximum allowance for the exemption. Regardless, staff feels that there is benefit to the public hearing and is recommending that we continue to hold the tax hearing. Therefore, staff is recommending the City Council set its initial hearing date for December 8, 2008 with a continuation hearing date {if needed) for December 16, 2008,council meeting with final adoption at that same meeting. __ 2009_., Preliminary ~~~ ~~ Levy and Budget Legislative changes effecting local governments . There has been no change to the Local Government Aid formula as it related to Hopkins. . $50,000 is received for the Arts Center • Levy limits were reinstated for 2009 to 2011. • No levy limits for 2005-2008 .•• ... ..~~ Why do levies go up? ~°~ .Incr eased spending andlor decreases in non tax revenue sources .Sp ending may increase for several reasons • Inflationary increases . Additional or enhanced programs . Infrastructure improvements • New debt levies .N on tax revenue sources may decrease • Slow economy • Reduction in government aids • Reduced revenues due to economic factors Reduced interest earnings ... ... Truth and Taxation ~'~" a Process • Council adopts a proposed levy. • Council sets public hearing dates for tax levy and general fund budget. • Recommended public hearing dates • Initial Hearing -Monday, December 8'h • Continuation hearing -Tuesday, December 16'h, if needed ... •••48 ••iW • Rt.F City Planning ~~ .For 2009, city council and staff have been meeting and discussing options for maintaining a balanced budget in 2009 and beyond. .Opti ons include budget cuts, use of reserves, taxes and new revenue sources. .The 2009 General Fund budget details will be outlined prior to adoption in December 2008 of the final budget and levy. .. ...~ ••~9E •kPo ~~ How do levies go down? .The city may reduce, its tax levy by decreasing costs or increasing non tax revenue sources. • To decrease costs the city could eliminate programs or services it currently provides to the citizens. • The city may also outsource certain city services at a lower cost. .Incr eased revenues are derived primarily from new fees and increased charges for services. •The City may receive grants for specific programs. ... •..~ ..~~. .~~ ,, 1 ..• ..•~ ..~„ .°~ What are our tax needs? ~~' • The 2009 preliminary levy • Proposed increase of $358,734 or a 3.9% increase over the 2008 levy. • The increase is a result of inflationary increases in expenditures • Salaries & benefits • Insurance premiums . Fuel, gas healing, electricity, fuel related product costs • Debt service payments on G.0 Debt •.• ..•~ •1£E B •~N 'G ::. 2009 Proposed General Fund Budget ~A and 2009 Preliminary Levy 2009 General Fund Budget $10,075,492 This is a increase over last years budget of 5.26%. The increase is due to salaries, insurance, electricity, heating, fuel and other general inflationary increases. 2009 Levy $9,553,114 This is an increase aver last years levy of $358,734 or 3,9%. The increase is a result of inflationary increases and debt service requirements for G.0 Debt ... ...~ ..~~ ESTIMATED PROPERTYTAXIMPACTFORCITYLEVY .~~ ~~ RESIDENTIAL HOMESTEAD PROPERTY Tax Rate 05,16 4G291 bial(Ikcr) owr Prc Wua C'uy Cdy Incd(Decr) Ycw STax 2007 2008 Taxes 'laxex lrcri(Ikcr) over Prevrna Rateeseme M1ferkel M1iarket Paynbb Payubb arcr Prevriw Yeor el sortie with Market Vd,e Ytlue ~q9 31D9 Year Market Value Va9re Ilea S IS5,07fi S 19115 S 83fi S 943 $ '] S 21 S (13J s 2a,~77 s24os61 s laps s I,us s f° s 2a s la S 360,IT. $ 3611?I3 S I,G54 S t,6(a S 14 5 4I S (2fi) S 5537 S 544195 S 'A98 S ?,SCI S ?? S Cil S (411) XNIX pn4xrty~alrs (set Jwt ?,'JN17) nn axreraSe c~gcrimed a I.(f/ Jecroase ••. ...~, ..~~ .r>z; Tax Levy Options • The levy set this evening will be the maximum levy far 2009. • Levy can be reduced but it cannot be increased, • Staff continues to evaluate the budget and the final levy and budget may include additional reductions. ••• .•.~ •.7d .&d ~~ How will my taxes be affected? • The City of Hopkins' taxable market value increased by ,73% or $12.1 million • Residential property -decreased 1.6°/D • Commercial -increased 2% • The City's tax capacity increased by 1.68% . Due to limited market value phase-out . The preliminary tax rate for the city increased by an estimated 1.96°/D, ... ... w. ..~~ .,~ ~~ Development and Taxes • City property taxes for 2009 are going to be affected by decisions that were made over past years for various development projects that continue to be added to the tax base. • This Council and past Councils have seen the wisdom of committing time, energy, and funding to projects whose payoff maybe years in the future. • Projects funded by tax increment financing have added to the Cify's tax base. These projects have also created the environment for additional development. 2 CITY OF HOPKINS Hennepin County, Minnesota RESOLUTION N0.2008-049 RESOLUTION APPROVING THE PROPOSED 2009 TAX LEVY, SETTING DEBT SERVICES LEVIES AT LEVELS UNDER THOSE REQUIRED IN THE BOND COVENANTS, APPROVINGTHE PROPOSED 2009 BUDGET, AND SETTING PUBLIC HEARING DATES BE IT RESOLVED BY THE COUNCIL OF THE CITY OF HOPKINS, MINNESOTA, That the following sums be levied for 2009 upon the taxable property in the City of Hopkins, for the following purposes. General Lev General Fund $8,260,614 Special Levies PERA Rate Increase 35,500 Debt Levies 1999D GO Permanent Improvement Bonds 26,000 2001 GO Refunding Bonds -Park &Rec 130,000 2002B GO Improvement Bonds 59,000 2003 HRA Lease Revenue Bonds 225,000 2007A GO Capital Improvement Bonds 642,000 2007B GO Improvement Bands 175,000 Subtotal Special Levies 1,292,500 Total Levy ~!~ ,5~ 114 HRA/EDA Levy Housing & Redevelopment Authority Levy That based upon staff analysis of specials assessments currently levied for Permanent Improvement Bonds, alternative revenue sources for the Capital Improvement Bonds and available reserves within all debt service funds listed below that the debt service levies for 2009 for the following issues be levied at amounts less than that provided by the bond covenants. Bond Issue $ 850,000 G.O. Permanent Improvement Revolving Bonds of 1999D $ 820,000 G.O. Refunding Bonds of 2001-Park &Rec of 1992 $ 960,000 G.O. Permanent Improvement Revolving Bonds of 2002B $9,920.000 G.O. Capital Improvement Bonds of 2007A $1,955,000 G.O. Permanent Improvement Bonds of 2007B Net Debt Service Levy $ 26,000 $130,000 $ 59,000 $642,000 $175,000 That the Proposed 2009 General Fund Budget be set at $10,075,492. That the public hearing for the 2009 Budget and Tax Levy be set for December 8, 2008 at 6:30 pm with a continuation hearing date of December 16, 2008 at 7:30 pm in the City Council Chambers. BE IT FURTHER RESOLVED that the City Clerk is hereby ordered and directed to transmit a certiEed copy of this resolution to the County Auditor of Hennepin County, Minnesota. Adopted by the City Council of the City of Hopkins this 2°a day of September 2008. ATTEST: By Eugene Maxwell, Mayor Terry Obermaier, City Clerk CITY OF HOPKINS ANALYSIS OF TAX LEVY 08/2112008 ~iopo5ed Purpose 2004 2005 2006 2007 2008 2009 Subject to Lery Limits General Fund $ 6,654,321 $ 7,261,263 $ 7,164,263 $ 7,516,943 $ 7,825,565 $8,160,614 Capital Levy Total Lery subject to Limits Special Levies: PERA Levy HRA Levy Subtotal • Special Levies Other Debt Levies: 19990 GO Perm Impr Revolving Bonds 2001 GO Refunding Bonds -Improv Rev 2001 GO Refunding Bonds -Park & Rec 20026 GO Improv Revolving Bonds 2002 HRA Revenue Bonds 2003 HRA Revenue Bonds 20076 GO Improv Revolving Bonds 2007 Capital Improvement Bonds Subtotal -Debt Levies Total -Special Levies TOTAL LEVIES Increase over prior year Percentage Incr (Deer) -Total Tax Capacity Rate - 25,000 25,000 50,000 75,000 100,000 $ 6,654,321 $ 7,286,263 $ 7,189,263 $ 7,566,943 $ 7,900,565 $8,260,614 levy limit 11,815 11,815 11,815 11,815 11,815 35,500 - 10,000 20,000 20,000 - - 11,815 21,815 31,815 31,815 11,815 35,500 levy expires 26,000 26,000 26,000 26,000 26,000 26,000 2009 65,000 62,000 62,000 62,000 - - 2007 210,000 190,000 180,000 175,000 150,000 130,000 2010 59,000 59,000 59,000 59,000 59,000 59,000 2012 678,000 240,550 650,000 650,000 - - - 234,450 240,000 235,000 230,000 225,000 2023 - - - - 175,000 175,000 2017 - - - - 642,000 642,000 2022 1,038,000 812,000 1,217,000 1,207,000 1,282,000 1,257,000 $ 1,049,815 $ 533,815 $ 1,248,815 $ 1,238,815 $ 1,293,815 $1,292,500 $ 7,704,136 $ 8,120,078 $ 8,438,078 $ 8,805,758 $ 9,194,380 $9,553,114 $ 535,884 $ 415,942 $ 318,000 $ 367,680 $ 388,622 $ 358,734 7.48% 5.40% 3.92% 4.36% 4.41% 3.90% 56.664% 48.944% 48.262% 45.862% 45,401 % 46.291 % estimated Percentage IncrlDecr in Tax Capacity Rate 1.007% -13.624% -1.393% -4.973% -1.005% 1.960% CITY OF HOPKINS PROPOSED GENERAL FUND REVENUE BUDGET 2008 2009 Department Budget Budget Incrl(Decr) of total Property Taxes & PERA Special Levy 7,869,380 8,229,114 4.57% 81.67% Intergovernmental Revenue PERA Aid 20,510 20,510 0.00% Police -Federal Grant 1,000 1,000 0.00% Police -State Aid 165,000 170,000 3.03% Police -POST Reimbursement 8,000 9,500 18.75% Police - Misc Grants 4,000 4,000 0.00% Police - 911 Service Fee 20,000 20,000 0.00% Fire -State Aid 104,000 107,000 2.88% Fire -County 4,000 4,000 0.00% PW -State Aid 112,000 112,000 0.00% Total Intergovernmental Revenue 438,510 448,010 2.17% 4.45% Licenses, Permits & Fees Court Fines 155,000 160,000 3.23% Building Permit & Inspection Fees 370,000 514,315 39.00% Business Licenses 7,500 7,500 0.00% Administrative Citations 3,000 3,500 16.67% Liquor ,Animal Licenses & Penalties 97,000 103,500 6.70% Fire Licenses & Permits 5,100 4,100 -19.61% PW -Licenses & Permits 5,070 8,070 59.17% P&Z -License & Permits 4,000 4,000 0.00% Total Licenses, Permits & Fines 646,670 804,985 24.48% 7.99% Charges for Service Finance Department 2,200 4,200 90.91 Municipal Building 2,400 2,400 0.00% Assessing 750 1,000 33.33% City Clerk 2,000 8,500 325.00% Inspections 92,250 56,000 -39.30% Police 38,000 43,000 13.16% Fire 4,000 10,000 150.00% Public Works 2,600 1,200 -53.85% Activity Center 60,000 50,000 -16.67% Planning & Zoning 300 300 0.00% Total Charges for Service 204,500 176,600 -13.64% 1.75% Miscellaneous Revenue Franchise Fees 290,000 290,000 0.00% Finance Department 0 4,800 #DIV/O! Elections 0 0 #DIVIO! Police 1,000 1,000 0.00% Fire 2,000 0 -100.00% Public Works 200 2,200 1000.00% Acitivty Center 12,000 13,000 8.33% Total Miscellaneous Revenue 305,200 311,000 1.90% 3.09% Interest Earnings 107,907 105,783 -1.97% 1.05% Total Revenues $ 9,572,167 $10,075,492 5.26% 100.00% CITY OF HOPKINS PROPOSED GENERAL FUND EXPENDITURE BUDGET 2008 2009 Budget Department Budget Budget Incrl(Decr) City Council City Council 78,882 77,572 -1.66% Health & Wellness 1,500 1,500 0.00% Total City Council 80,382 79,072 -1.63% Administrative Services Administration 155,396 161,355 3.83% Personnel 56,377 59,285 5.16% Wellness 2,030 2,050 0.99% Information Services 209,762 229,381 9.35% Total Administrative Services 423,565 452,071 6.73% Finance Budget 22,382 23,514 5.06% Debt Management (12) 0 -100.00% Genera! Accounting 104,788 115,176 9.91% Payroll 43,226 43,113 -0.26% TIF Administration (12) 0 -100.00% Utility Billing 970 3,000 209.28% Total Finance 171,342 184,803 7.86% Legal 126,625 131,625 3.95% Municipal Building 301,837 308,809 2.31 Receptionist 40,288 45,893 13.91 Assessing 142,881 167,308 17.10% City Clerk City Clerk 35,023 27,833 -20.53% Records Management 35,430 26,783 -24.41% Elections 56,738 43,203 -23.86% Total City Clerk 127,191 97,819 -23.09% Inspections Building Code Inspections 270,301 270,109 -0.07% Fire Inspections 38,742 44,389 14.58% Heating & Plumbing Inspections 84,718 83,932 -0.93% Housing Inspections 47,589 118,811 149.66% Restaurant & Hotel Inspections 23,681 24,255 2.42% Misc. Community Inspections 48,323 51,421 6.41% Totallnspections 513,354 592,917 15.50% Police Police Administration 453,445 478,165 5.45% Patrol 2,166,029 2,288,247 5.64% Heat Team 64,189 71,048 10,69% Reserves 30,432 32,183 5.75% Investigations 445,408 483,330 8.51% Department 2008 Budget 2009 Budget Budget Incrl(Decr) Metro Drug Task Force 100,585 105,670 5.06% Pawn Shop 3,337 3,354 0.51 Outreach 64,934 69,495 7.02% Dispatch 448,252 471,793 5.25% Reception-Records 233,433 253,201 8.47% Systems Management 86,366 75,433 -12.66% Total Police 4,096,410 4,331,919 5.75% Fire Fire 750,665 805,244 7.27% Emergency Preparedness 6,672 5,677 -14,91 Total Fire 757,337 810,921 7.08% Public Works PW Building 37,449 49,704 32.72% Equipment Services 58,516 64,689 10.55% Administration 25,613 26,641 4.01 Engineering 131,616 134,874 2.48% Street & Alleys 846,906 892,619 5.40% Snow & Ice Removal 153,731 181,688 18.19% Parks 537,771 566,615 5.36% Tree Service 226,069 223,117 -1.31 Total Public Works 2,01T,fi71 2,139,94T 6.06% Recreation Playground 27,425 21,748 -20.70% Ice Rink 13,605 13,800 1.43% Park Service 12,195 12,500 2.50% Joint Recreation 156,000 159,000 1.92% Skate Park 7,574 7,925 4.63% Total Recreation 216,799 214,973 -0.84% Activity Center Act Ctr -Community Use 251,223 262,947 4.67% Act Ctr -Maintenance 59,017 65,462 10.92% Total Activity Center 310,240 328,409 5.86% Planning & Zoning Zoning Activities 65,683 64,838 -1.29% Sign & Fence Permits 9,683 10,013 3.41% Miscellaneous Planning 36,766 27,155 -26.14% Total Planning & Zoning 112,132 102,006 -9.03% Tuition Reimbursement 11,000 12,000 0.00% Total Expenditures 9,449,054 10,000,492 5.84% Other Financing Uses Transfer to Para transit Fund 15,000 15,000 0.00% Total Other Financing Uses 15,000 15,000 0.00% Gontingency 108,113 60,000 -44.50% Grand Total Expenditures $ 9,572,167 $10,075,492 5.26% iZi G, x w 0 H U .~' C7 ~ d .~ .a x w C w C O ~ ~ e \ o \ 0 \ 0 \ 0 0 0 0 0 0 0 0 0 0 ~~~ o X U O ~ ~r ~ M N rn O ~ o0 ~ O r 00 r O o M cv M ~ O M ^-~ ry O M H `" o 0 0 0 o e o 0 0 0 0 0 0 ~, ~ .~ N N d' rf O ~ M N -~ N 00 O ~ O ~0 ~O 7 ~0 0~ vi r -~ d' Vt d' ~ K ~ ~ M ~ 00 N ~ ~ O o0 O -~ ~ d; ~D v1 ~ ~ ro F"' ~~ ~ Vi V Vi ~ ~ ~ W ~ ~O V1 ~0 V1 M N N M N M N M O M f~ N DO N U ~ ~ ~ r ~o 00 ~' ~ o, ~ r .-~ ~ ~ o o :. 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