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CR 09-067 Approve Proposed 2010 Levy, Proposed 2010 General Fund Budget and Set Budget Meeting DateAugust 27, 2009 City of Hopkin8 Council Report 2009 -067 APPROVE PROPOSED 2010 LEVY, PROPOSED 2010 GENERAL FUND BUDGET AND SET BUDGET MEETING DATE Proposed Action Staff recommends adoption of the following motions: Move to approve Resolution 2009 -043 "Approving proposed 2010 tax levy, debt service levies at levels under those required in the bond covenants, proposed 2010 general fund budget, and setting budget meeting dates ". Adoption of resolution 2009 -043 will set a maximum tax levy for 2010, 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 2010 general fund budget. Actual budget and tax levy adoption will not occur until December 2009. Overview For 2010 the Truth in Taxation process has been suspended, however the City is still required to certify a proposed tax levy and submit it to the county by September 15 What is changed is the removal of the requirement for a public hearing. In its place is a requirement to hold a meeting where the council discusses the budget and public comments are taken. This can be at a regularly scheduled council meeting. The date, time and place of the meeting must be announced at the council meeting. Staff is suggesting December 1, 2009 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 on December 15. A proposed general fund budget has been established and is attached for your review. Adoption of the actual budget will occur in December 2009 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 2010 and set the preliminary levy. Levy limits were reinstated for 2009 through 2011. 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 Legislative impacts 2010 budget concerns Supporting Information Power point presentation slides 2010 proposed general fund budget Resolution 2009 -043 Christine M. Harkess. CPA, CGFM Finance Director Financial Impact: $ 10,194,000 Budgeted: Y/N X N Source: Taxes and other revenues Related Documents (CIP, ERP, etc.): 2010 budget Notes: ^ Staff Analysis 2009 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, was unallotted for 2009 and 2010 and impacts the city of Hopkins. The City of Hopkins receives $50,000 in LGA, which is earmarked for the Hopkins Center for the Arts. Market Value Homestead Credit (MVHC), a state -paid property relief program for owners of certain qualifying homestead property remains in place for homeowners, however the state has unallotted the city's reimbursement for 2009 and 2010. This results in a loss of tax revenue of $245,520 for 2009 and of $244,667 for 2010. Adjustments were made to the 2009 budget as a result of the unallotment and we are currently working to fill the gap in 2010 that this loss in tax revenue has caused. Levy limits last repealed for 2005 were reinstated for the years 2009 -2011. • 2010 Levy The City of Hopkins is proposing a total tax levy increase of $372,571 or 3.9 %. The tax levy proposed totals $9,925,685 which includes levies for the general fund, PERA increases, MVHC unallotment (partial) and bonded debt. Details are included in the attached summary of tax levy. The debt levy for 2010 does not have any new debt issues included. The Housing and Redevelopment Authority levy for 2010 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 ". The capital levy implemented in 2005 has been suspended for 2010 to assist in balancing the General Fund budget. 2010 Budget Analysis The 2010 general fund budget, and the 2010 general operating tax levy are proposed at $10,194,000 and $8,658,685, 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 currently proposed to increase by $118,508 or 1.18% over the 2009 budget and it is not yet balanced with available revenues. Staff continues to work to close this funding gap. Expenditures are at a very modest increase for 2010 and with the exception of one union agreement that is in its last year salaries are budgeted at 0% increase. Most other expenses are budgeted at levels at or less than 2009. In addition, several vacant positions are being left temporarily vacant as we re- assess the status of the budget. Because we are a service related operation, salaries and benefits compose 78% of current general fund expenditures and any labor negotiations have a tremendous impact on the budget, however as mentioned above we have budgeted for a 0% wage increase. 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 2010 general fund budget revenues and expenditure requests. Tax Impacts of Levy's Attached you'll find 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 2010 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 we feel is responsible given this economy. 2009 Budget Meeting for the 2010 Budget and 2010 Tax Levy The 2009 Legislature has 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 15 at the 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 15 the time as place of regularly scheduled meetings dealing with the budget and levies must be included in the minutes and published in the official newspaper as required by law. Therefore, staff is recommending the City Council budget meeting date for December 1, 2009 and adoption of the final budget to be at the December 15, 2009 council meeting. City of Hopkins Legislative changes effecting local governments • Local Government Aid (LGA) • $50,000 earmarked for the Arts Center • Unallotted for 2009 & 2010 • Market Value Homestead Credit (MVHC) • Unallotted for 2009 & 2010 • Levy limits in place for 2009 to 2011. • No levy limits in 2005 -2008 Why do levies go up? • Increased spending and /or decreases in non tax revenue sources • Spending may increase for several reasons • Inflationary increases • Additional or enhanced programs • Infrastructure improvements • New debt levies • Non tax revenue sources may decrease • Slow economy • Reduction in government aids • Reduced revenues due to economic factors • Reduced interest earnings Truth and Taxation Process Process has changed for 2009 • Council adopts a proposed levy. • Council sets budget meeting dates to discuss budget and receive public comments • Recommended budget meeting dates • Budget Meeting — Tuesday, December 1st • Budget Approval — Tuesday, December 15th City Planning • City council and staff have been meeting and discussing options for maintaining a balanced budget to 2010 and beyond • Options include budget cuts, use of reserves, taxes and new revenue sources. • The 2010 General Fund budget details will be outlined prior to adoption of the final budget and levy in when we hold our budget meeting in December 2009. 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 • Increased 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 2010 preliminary levy • Levy set at $9,925,685 ■ Proposed increase of $372,571 or 3.9% over the 2009 levy. • The increase is primarily a result of decreases in revenue sources and unallotment of MVHC • Expenditures increased only 1.18% 2010 Proposed General Fund Budget and 2010 Preliminary Lev 2010 General Fund Budget $10,194,000 This is a increase over last years budget of 1 18 %. The increase is due to inflationary increases. 2010 Levy $9,925,685 This is an increase over last years levy of $372,571 or 3.9% Increase is due primarily to loss of revenue Budget Impacts • 0% wage increase • Delayed hiring of staff vacancies • Outsourcing of services • No capital expenditures • Reorganization of the joint recreation program • Reallocation of staff salaries to other funds based on evaluation of time • Election year Tax Levy Options • The levy set this evening will be the maximum levy for 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. Budget Challenges • Revenue gap of $141,612 remains • Unallotment of MVHC - $244,667 • Unallotment of LGA - $50,000 • Decreased permit fees due to economy • Decreased property values Development and Taxes • City property taxes for 2010 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 • One tax increment district will be decertified in 2009 and another in 2011 • Additional projects in the planning stages will add to the city's tax base for 2011 and beyond 2 Department Intergovernmental Revenue PERA Aid Police - Federal Grant Police - State Aid Police - POST Reimbursement Police - Misc Grants Police - 911 Service Fee Fire - State Aid Fire - County PW - State Aid Licenses, Permits & Fees Court Fines Building Permit & Inspection Fees Business Licenses Administrative Citations Liquor , Animal Licenses & Penalties Fire Licenses & Permits PW - Licenses & Permits P &Z - License & Permits CITY OF HOPKINS PROPOSED GENERAL FUND REVENUE BUDGET 2009 2009 Budget 2010 Budget Amended Budget Property Taxes & PERA Special Levy 8,229,114 7,983,594 8,458,018 Transfer of Capital Levy 0 50,000 0 20,510 1,000 170,000 9,500 4,000 20,000 107,000 4,000 112,000 20,510 1,000 170,000 9,500 4,000 20,000 107,000 4,000 112,000 (Total Intergovernmental Revenue 448,010 448,010 433,0101 160,000 514,315 7,500 3,500 103,500 4,100 8,070 4,000 160,000 514,315 7,500 3,500 103,500 4,100 8,070 4,000 20,510 0 170,000 9,500 4,000 24,000 85,000 0 120,000 135,000 366,935 7,500 3,500 103,400 5,300 8,275 3,000 1Total Licenses, Permits & Fines 804,985 804,985 632,9101 Charges for Service Finance Department Municipal Building Assessing City Clerk Inspections Police Fire Public Works Activity Center Planning & Zoning 'Total Charges for Service Miscellaneous Revenue Franchise Fees Finance Department Elections Police Fire Public Works Acitivty Center 1Total Miscellaneous Revenue 4,200 4,200 4,700 11.90% 2,400 2,400 2,400 0.00% 1,000 1,000 1,000 0.00% 8,500 8,500 500 - 94.12% 56,000 56,000 32,450 - 42.05% 43,000 43,000 43,500 1.16% 10,000 10,000 6,200 - 38.00% 1,200 1,200 2,250 87.50% 50,000 50,000 46,000 -8.00% 300 300 50 - 83.33% 176,600 176,600 139,050 I - 21.26% 1.38% 290,000 290,000 290,000 0.00% 4,800 4,800 4,800 0.00% 0 0 0 1,000 1,000 500 - 50.00% 0 0 0 2,200 2,200 2,100 -4.55% 13,000 13,000 17,000 30.77% 311,000 311,000 314,400 I 1.09% 'Interest Earnings 105,783 105,783 75,000 lrotatilev n ,e $, . 0;879,972. 110,082,388 .I Incr /(Decr) of total 2.78% 84.14% 0.00% - 100.00% 0.00% 0.00% 0.00% 20.00% - 20.56% - 100.00% 7.14% -3.35% - 15.63% - 28.66% 0.00% 0.00% -0.10% 29.27% 2.54% - 25.00% - 21.38% - 29.10% 0.75% -0.23% 4.31% 6.30% 3.13% 1 100.00 %I Department City Council City Council Health & Wellness Administrative Services Administration Personnel Wellness Information Services Finance Budget Debt Management General Accounting Payroll TIF Administration Utility Billing 'Total Finance City Clerk City Clerk Records Management Elections CITY OF HOPKINS PROPOSED GENERAL FUND EXPENDITURE BUDGET 2009 2009 Budget 2010 Budget % Budget Amended Budget Incr /(Decr) 76,572 73,572 1,500 1,500 'Total City Council 78,072 75,072 73,1471 71,647 -6.43% 1,500 0.00% -6.31 % 161,355 158,855 160,450 -0.56% 59,285 59,285 42,749 - 27.89% 2,050 2,050 2,000 -2.44% 229,381 228,181 228,115 -0.55% -4.15% 'Total Administrative Services 452,071 448,371 433,314 I 23,514 23,514 22,472 -4.43% 0 0 0 #DIV /0! 115,173 113,673 118,753 3.11% 48,381 48,381 45,314 -6.34% 0 0 0 #DIV /0! 2,809 2,809 3,500 24.60% 189,877 188,377 190,039 I 0.09% 'Legal 130,625 130,625 135,000 I 'Municipal Building 308,809 300,556 306,2841 'Receptionist 45,893 45,893 46,5761 1Assessing 167,288 . 167,288 168,0651 27,833 27,833 26,783 26,783 43,203 43,203 19,289 31,323 59,605 'Total City Clerk 97,819 97,819 110,217 I 3.35% -0.82% 1.49% 0.46% - 30.70% 16.95% 37.96% 12.67% Inspections Building Code Inspections 270,109 269,709 267,116 -1.11% Fire Inspections 44,389 44,389 37,036 - 16.56% Heating & Plumbing Inspections 83,932 83,857 88,614 5.58% Housing Inspections 118,811 118,486 124,603 4.87% Restaurant & Hotel Inspections 24,255 24,255 23,196 -4.37% Misc. Community Inspections 51,421 51,221 59,140 15.01% 'Total Inspections 592,917 591,917 599,7051 1.14% Police Police Administration 478,165 476,565 485,606 1.56% Patrol 2,288,247 2,288,247 2,347,741 2.60% Heat Team 71,048 71,048 72,055 1.42% Reserves 32,183 32,183 33,652 4.56% Investigations 483,330 483,330 491,723 1.74% Metro Drug Task Force 101,196 101,196 103,174 1.95% Pawn Shop 3,354 3,354 3,374 0.60% Department Outreach Dispatch Reception- Records Systems Management 'Total Police Fire Fire Emergency Preparedness (Total Fire Public Works PW Building Equipment Services Administration Engineering Street & Alleys Snow & Ice Removal Parks Tree Service Recreation Playground Ice Rink Park Service Joint Recreation Skate Park Activity Center Act Ctr - Community Use Act Ctr - Maintenance Planning & Zoning Zoning Activities Sign & Fence Permits Miscellaneous Planning ITotal Planning & Zoning Other Financing Uses Transfer to Para transit Fund Revenues Over (Under) Expendirues $ 2009 Budget Budget Amended 69,495 69,495 471,793 471,793 253,201 253,201 75,433 75,433 4,327,445 4,325,845 805,244 5,677 810,921 49,704 64,689 26,641 134,874 892,619 181,688 566,615 223,117 'Total Public Works 2,139,947 2,036,089 2,203,4751 21,748 13,800 12,500 159,000 7,925 262,947 65,462 64,738 10,013 27,155 101,906 788,695 5,677 794,372 47,503 61,189 26,641 134,874 833,619 180,746 556,615 194,902 21,748 13,800 12,500 144,000 7,925 63,238 10,013 27,155 100,406 15,000 15,000 2010 Budget % Budget Incr /(Decr) 76,120 9.53% 497,704 5.49% 249,099 -1.62% 67,668 - 10.29% 4,427,916 I 2.32% 788,666 -2.06% 5,851 3.06% 794,5171 -2.02% 46,561 74,933 23,464 137,666 877,402 215,260 616,467 211,722 19,722 12,475 12,811 145,000 7,632 (Total Recreation 214,973 199,973 197,640 I 261,848 264,394 65,462 62,024 (Total Activity Center 328,409 327,310 326,4181 64,614 10,081 46,992 121,687 I 'Tuition Reimbursement 13,520 13,520 10,000 1 ;000;492 9,843,43'3 10;144,000 0 (Total Other Financing Uses 15,000 15,000 oI 'Contingency 60,000 50,000 I I Gra O d Totalw,w 0,194,000 I ' R ev e Ia E s , $101i: ,49 $ ,9,879,972 $10,052,388 $ 21,539 $ (141,612) -6.32% 15.84% - 11.93% 2.07% -1.70% 18.48% 8.80% -5.11% 2.97% -9.32% -9.60% 2.49% -8.81% -3.70% -8.06% 0.55% -5.25% -0.61% -0.19% 0.68% 73.05% 19.41% - 26.04% 1.44% - 100.00% - 100.00% - 16.67% 1.18% '�� RESOLUTION APPROVING THE PROPOSED 2010 TAX LEVY, SETTING DEBT SERVICES LEVIES AT LEVELS UNDER THOSE REQUIRED IN THE BOND COVENANTS, APPROVINGTHE PROPOSED 2010 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 2010 upon the taxable property in the City of Hopkins, for the following purposes. General Levy General Fund CITY OF HOPKINS Hennepin County, Minnesota RESOLUTION NO. 2009-043 Special Levies PERA Rate Increase 35,500 MVHC Unallotment 239,175 Debt Levies 2001 GO Refunding Bonds — Park & Recreation 108,000 2002E GO Improvement Bonds 59,000 2003 HRA Lease Revenue Bonds 200,000 2007A GO Capital Improvement Bonds 715,000 2007B GO Improvement Bonds 185,000 Subtotal Special Levies $8,384,010 1,541,675 Total Levy 89,925,685 HRA/EDA Levy Housing & Redevelopment Authority Levy $ 75,000 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 2010 for the following issues be levied at amounts less than that provided by the bond covenants. Bond Issue $ 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 That the Proposed 2010 General Fund Budget be set at $10,194,000. Net Debt Service Levy $108,000 $ 59,000 $715,000 That budget meeting to discuss the 2010 budget and tax levy be set for December 1, 2009 and that the date the fin4l budget and levy will be adopted be set as December 15, 2009. Both meetings will be held 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 certified copy of this resolution to the County Auditor of Hennepin County, Minnesota. Adopted by the City Council of the City of Hopkins this 1 day of September 2009. ATTEST: Terry Obermaier, City Clerk By Eugene Maxwell, Mayor