CR 08-118 2009 Tax Levy and General and Special Revune Fund BudgetsDecember 16, 2008
Council Report 2008 -118
2009 TAX LEVY AND GENERAL AND SPECIAL
REVUNE FUND BUDGETS
Proposed Action
Staff recommends adoption of the following motion: Move to Adopt Resolution 2008 -068
approving, the 2009 tax levy and adopting the 2009 General and Special Revenue Fund budgets
Adoption of this motion will result in the staff forwarding the appropriate documentation to
Hennepin County for completion of the property taxes for 2009 and will approve the 2009
General and Special Revenue Fund budgets.
Overview
The City Council and staff have held a number of meetings during 2008 to prepare for the 2009
general fund budget and 2009 tax levy. In addition we provided an opportunity for the public to
offer input on the 2009 budget through the Truth -in- Taxation hearing held on December 8, 2008.
Budget goals were adopted this spring and were instrumental in guiding the staff as it prepared
budget requests. During 2008 the council adopted other financial plans, the Capital Improvement
Plan and the Equipment Replacement Plan, that along with a series of program and budget
discussions were instrumental in the development of the 2009 budgets.
The budget in its current form recommends spending in the general fund at $10,075,492 and a
total tax levy of $9,553,114. The levy includes provisions for general fund operations, PERA
contributions, capital funding, and debt obligations. In addition, a HRA levy of $50,000 was a
separate action item by the HRA Board.
Staff is recommending that the council adopt the resolution approving the tax levy for 2009 and
setting the 2009 general and special revenue fund budgets.
Primary Issues to Consider
• The state mandates certification of the 2009 levy to the County Auditor no later than
December 28, 2008.
Supporting Information
• Resolution 2008 -068
• Comparative Tax Levy for years 2004 -2009
• 2009 General Fund and Special Revenue Fund Budgets
Christine M Harkess, CPA, CGFM
Finance Director
Financial Impact: $ 10.075.492 Budgeted: YJN X N Source: Taxes and other revenues
Related Documents (CIP ERP etc.): 2009 budget Notes:
CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2008 -068
RESOLUTION APPROVING 2009 TAX LEVY
AND ADOPTING THE 2009 GENERAL AND
SPECIAL REVEUNE FUND BUDGETS
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF HOPKINS, MINNESOTA, that the following sums of
money be levied for the current year collectible in 2009 upon the taxable property in the City of Hopkins, for the
following purposes.
General Levy
General Fund
$8,260,614
Special Levies
$
PERA Rate Increase
35,500
Debt Levies
TIF 2.6 Handicapped Housing Dev
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 Bonds
175,000
Subtotal Special Levies
1.292,500
Total Levy r�114
HRA/EDA Levy
Housing & Redevelopment Authority Levy $�QO
This levy is made based on current law and the 2009 General Fund Budget of $10,075,492.
BE IT FURTHER RESOLVED, that the following amounts are budgeted for the Special Revenue Funds:
State Chemical Assessment
$ 45,000
TIF 2.1 R.L. Johnson Property
$
296,589
Economic Development
$ 277,063
TIF 2.6 Handicapped Housing Dev
$
1,460
Real Estate Purchase & Sales
$ -
TIF 2.9 Pines
$
138,027
TIF 1.2 Entertainment District
$ 76,275
TIF 2.10 Hopkins Business District
$
90,675
Paratransit (Hop -a -ride)
$ 126,949
TIF 2.11 Super Valu
$ 2,220,928
Housing Rehabilitation
$ 97,273
TIF 1.3 - 5th Avenue Flats
$ 2,006,975
Parking Enforcement
$ 104,898
TIF 1.4 - Marketplace & Main
$
1,975
Cable TV
$ 209,909
Art Center
$
659,557
Depot Coffee House
$ 151,464
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 at the levy adoption presentation of the Council held this 16th
day of December, 2008.
Eugene Maxwell, Mayor
ATTEST:
Terry Obermaier, City Clerk
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CITY OF HOPKINS
GENERAL FUND BUDGET
Revenues
2008
Budget
2009
Budget
Incrl(Decr)
Property Taxes
$7,869,380
$ 8,229,114
4.57%
Intergovernmental Revenue
438,510
448,010
2.17%
Licenses, Permits & Fines
646,670
804,985
24.48%
Charges for Service
204,500
176,600
- 13.64%
Miscellaneous Revenue
305,200
311,000
1.90%
Interest Earnings
107,907
105,783
-1.97%
Total Revenues
$9,572,167
$10,075,492
5.26%
Expenditures
City Council
Administrative Services
Finance
Legal
Municipal Building
Receptionist
Assessing
City Clerk
Inspections
Police
Fire
Public Works
Recreation
Activity Center
Planning & Zoning
Unallocated
Total Expenditures
$ 80,382
$ 78,072
423,565
452,071
171,342
189,877
126,625
130,625
301,837
308,809
40,288
45,893
142,881
167,288
127,191
97,819
513,354
592,917
4,096,410
4,327,445
757,337
810,921
2,017,671
2,139,947
216,799
214,973
310,240
328,409
112,132
101,906
11,000
13,520
- 2.87%
6.73%
10.82%
3.16%
2.31%
13.91%
17.08%
- 23.09%
15.50%
5.64%
7.08%
6.06%
-0.84%
5.86%
-9.12%
22.91%
9,449,054 10,000,492 5.84%
Other Financing Uses
Transfers 15,000 15,000 0.00%
Total Other Financing Uses 15,000 15,000 0.00%
Contingency
108,113 60,000 - 44.50%
Grand Total Expenditures $9,572,167 $10,075,492 5.26%
CITY OF HOPKINS
SPECIAL REVENUE FUNDS
State Chemical Assessment
Economic Development
Real Estate Purchase & Sales
TIF 1.2 Entertainment District
Paratransit (Hop -a -ride)
Housing Rehabilitation
Parking Enforcement
Cable TV
Depot Coffee House
TIF 2.1 R.L. Johnson Property
TIF 2.6 Handicapped Housing Dev
TIF 2.9 Pines
TIF 2.10 Hopkins Business District
TIF 2.11 Super Valu
TIF 1.3 - Block 64 /GPS Development
TIF 1.4 - Marketplace II
Art Center
2008
2009
BUDGET
BUDGET
Incr /(Decr)
45,000
45,000
0.00%
262,168
281,963
7.55%
0
0
0.00%
76,200
76,275
0.10%
128,604
126,949
-1.29%
78,358
97,273
24.14%
105,008
104
- 0.11%
168,825
209,269
23.96%
114,222
151,464
32.60%
402,132
396,589
- 1.38%
1,345
1,460
8.55%
139,287
138,027
- 0.90%
85,950
90,675
5.50%
2,265,744
2,220,928
-1.98%
2,011,900
2,006,975
-0.24%
1,900
1,975
3.95%
660,670
659,557
-0.17%