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CR 93-152 Approve Levy -- -_.,._--~~ '- '. 1 y 0 \ CJ ,(. m . September 3, 1993 ,y '" Council Report 93-152 o P K \ ~ APPROVE PROPOSED 1993 LEVY, PROPOSED 1994 GENERAL FUND BUDGET AND SET BUDGET HEARINGS Proposed Action Staff recommends adoption of the following motion: Move that Resolution 93-86 "ap- provinQ proposed 1993 tax levv collectible in 1994. adoptinQ the preliminarv 1994 oen- eral fund budoet and settinQ public hearinq dates" be adopted. Adoption of this Resolution will enable compliance with the Truth in Taxation law en- acted by the Minnesota Legislature. Overview --.- The Truth in Taxation process requires specific action by the City Council. The City Council must adopt a proposed levy and set hearing dates in conformance with the statute. Additionally, a preliminary general fund budget must be established. Adoption of the actual budget will occur in December and at that time, the final levy and budget . may not exceed those adopted at this preliminary stage. Staff has prepared several options for the City Council, however, we are recommending a proposed levy of $4,975,800 and a general fund budget of $6,320,000. Staff is rec- ommending that the Council adopt the proposed levy amount at this time. During the budget process, staff will identify alternatives the Council may wish to consider in which to lower the tax levy and budget. Primary Issues to Consider 0 How does the 1994 budget compare to the 1993 budget? 0 How do the optional budget amounts impact property taxes? Supporting Information 0 Staff analysis of Issues 0 General Fund Departmental budget summary 0 1994 Budget alternatives 0 City of Hopkins Tax Rate Calculation 0 Hopkins property tax comparison 0 Resolution # 93-86 . '~?3Att:-!7Le ~f -' ( ~_/;../'" ~~~,c.;.,....-~ _~ _~,~ ?~-,-' /' Steven C. Mielke, City Manager I "",'" ";'!',",'2:"';e . Page 2 Council Report 93-152 STAFF ANALYSIS OF ISSUES Primarv Issues to Consider 0 How does the 1993 budget compare to 1994? The staff is recommending that the Council adopt alternative 8 for its preliminary bud- get. Alternative 8 is an increase in the General Fund of $181,000 (2.94%). Ibis alter-" f!atiV~rTl~ifltail1s services with normal expenditure increases adjusted for or below inflation. Salary ranges would increase by 3%. Services/charges and supplies in- crease by 2%, and capital expenditures increase by $30,000. There is no change pro- posed in contingency or the landfill budgets. 0 What are the impacts on the levy resulting from the proposed bUdget? The alternative 8 scenario would increase the levy by $108,000 (2.21%) The levy is spread against the taxable tax capacity of the City which is proposed to be 1.."- reduced for the third year. Actual market value of the community and taxable tax ca- pacity of the community have both dropped and are primarily due to a physical reduc- \:"<, .-" tion. in the market values of commercial and industrial properties coupled with the ' classification rate changes which cause more of the tax burden to be shifted toward the residential components of the City rather than commercial industrial, thus, the impact of the levy increase, while a 2.21 % increase actually results in a 5.6% increase to home- owners. Charts are attached to this report which graphically demonstrate the dollar impacts on the City's portion of a homesteaded property. - - ,,,,,^ " "",,\?,;,,\::'Xiftl~~'tlf!'m1n~~",,''''''='''-"'''' .6"'-:-.~-;~--"'~~~,-...:j'" ' GENERAL FUND DEP ARTMENT AL BUDGET SUMMARY . EXPENDITURES City Council $ 65,300 Health & Welfare 49,200 City Manager 201,300 Elections 22,900 City Clerk 90,400 Finance 207,200 Legal - 96,400 Municipal Building 183,600 Activity Center 187,200 GENERAL GOVERNMENT 1,103,500 police 2,058,000 Fire 368,800 Emergency Preparedness 6,700 PUBLIC SAFETY 2,433,500 C. Dev.-Administration 105,000 . C. Dev.-Plan & Econ. Dev. 87,500 C. Dev.-Assessing 154,000 C. Dev.-Inspections 262,500 COMMUNITY DEVELOPMENT 609,000 PUBLIC WORKS ' 1,716,000 RECREATION . 148,200 151,000 INSURANCE 21,500 22,000 UNALLOCATED TOTAL OPERATING OTHER FINANCING USES TOTAL EXPENDITURES $ 6,320,000 ..:: USE OF FUND BALANCE: Maetzold Field $ $ 130,000 Fire Station - Remodel 38,500 ADA Compliance 106,900 City Hall Parking Lot 35,000 "'1 ~ ~.,",.,. 1994 BUDGET ALTERNATIVES . . ~-- --_.~ ---- -- -- ,~. 1993 NO INCREASE MAINTAIN ADDITIONAL ADOPTED IN TAX LEVY SERVICE OPTIONS A B C ,REVENUES- Tax Levy 4,015,000 4,015;000 4,144,900 4,234,900 HACA (General Fund) (777,700) (761,900) (761,900) (761,900) Net Tax Revenues 3,237,300 3,253,100 3,383,000 3,473,000 Intergovernmental 1,761,000 1,765,000 1,765,000 1,765,000 Other Revenues* 1,140,700, 1,140,700 1,172,000 . 1,172,000 TOTAL 6,139,000 6,158,800 6,320,000 6,410,000 EXPENDITURES Personnel 4,273,700 4,396,400 2.9% 4,396,400 4,411,400 3.2% Services and Chafges# 1,064,800 1,086,100 2.0% 1,086,100 1,097,200 3.0% Supplies 379,900 387,500 2.0% 387,500 391,400 3.0% Capital 100,600 100,000 130,000 150,000 Contingency 100,000 78,800 100,000 100,000 . Landfill 175,000 75,000 175,000 175,000 Salt Storage Bin 35,000 35,000 35,000 35,000 Hop-A-Ride 10,000 0 10,000 10,000 . New initiatives 40,000 TOTAL 6,139,000 6,158,800 6,320,000 6,410,000 INCREASE 19,800 181,000 271,000 0.32% 2.95% 4.41% 1994 TAX LEVY ALTERNATIVES 1993 1994 ADOPTED A B C General Fund 4,015,000 4,015,000 4,144,900 4,234,900 Debt Service 452,800 430,900 430,900 430,900 Equip. Replacement 400,000 400,000 400,000 400,000 Total Levy 4,867,800 4,845,900 4,975,800 5,065,800 Increase (21,900) 108,000 198,000 -0.4% 2.2% 4.1% * Other Revenues - License and permit fees, interest, fines, other charges. t # Services and Charges - Advertising, travel, legal fees, maintenance & repair, communications, insurance, etc. 09/03/93 - ~ ';"\;;";_:;' ~;,;,!'" ':. ; ;;':_,:;:,:' :.\::,:,,~?':0;j:;;;;;lQ~~.t~~~~~~iJ;""I\mmW;:=<""j~.jW"m,"~'" ,n AL lERNA liVES: A No Increase in lax Levy Option ,'-" Salaries increase by 3% Cut Contingency to $78,800 Cut landfill to $75,000 Cut Hop-A-Ride subsidy - $10,000 Services/Charges and Supplies increase by 2% B Maintain service with normal expenditure increases Salaries increase by 3% Services/Charges and Supplies increase by 2% Capital increases by 30% No change in contingency or landfill from 1993 C Increase Services Option Salaries increase by 3% plus $15,000 for additional insurance eXRenditures Capital increase by 50% Services/Charges and Supplies increase by 3% $40,000 for new initiatives - - -. - \. ......- .,..........-~;:. -.::t 0\ ., . tU . ~ - I' ~ 8 0 01 g S~oo ~ ~ 8:. ~ ~ ~ >< 0\ 0 0 00 ~ C") -.::t o~ C") N ~ 00 <: -.::t~ ~ O. 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Hennepin County, Minnesota RESOLUTION NO. 93~86 A RESaL~TION APPROViNG PROPOSED 1993 TAXUEVY COLLECTIBLE IN 1994, ADOPTING THE PRELIMINARY 1994 BUDGET, AND SETTING PUBLIC HEARING DATES BE IT RESOLVED BY THE COUNCIL OF THE CITY OF HOPKINS, WNNESOTA, that the following sums of money be levied for the current year collectible in 1994 upon the taxable property in said City of Hopkins, for the following purposes. General Fund $4)44,900 Equipment Replacement Fund 400,000 General Obligation Bonds 315,100 Improvement Bonds 115,800 This levy is made based on current law and the 1994 General Fund Budget of $6,320,000,' Provision has been made for the payment of the City's contributory share to the Public Employees ti.' Retirement Association. Provision has also been made for the payment of principal and interest on the following bond issues: Redevelopment Bonds 5-1 ~88 G.O. Storm Sewer Revenue Bonds 12~1-89 ~edeveloPrnent Bonds 12~1-89 Park Bonds 3-1-90* Refunding Bonds 3-1-90 Improvement (pIR) Bonds 3-1-90* Refunding Bonds 2-1-92 Improvement (pIR) Bonds 8-1-92 * *Levy Public hearing date for the 1994 budget is November 30, 1993, with a continuation date of December 7, 1993. 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 a regular meeting of the Council held this 7th day of September, 1993. By '. Charles D. Redepenning, Mayor ATTEST: James A. Genellie, City Clerk ,-