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CR 06-146 The 2007 Tax Levy & General Fund Budget December 19,2006 Council Report 2006-146 THE 2007 TAX LEVY AND GENERAL FUND BUDGET Proposed Action Staff recommends adoption of the following motion: Move to Adopt Resolution 2006-090 approving the 2007 tax levy and adopting the 2007 General Fund budget. Adoption of this motion will result in the staff forwarding the appropriate documentation to Hennepin County for completion of the property taxes for 2007 and will approve the 2007 General Fund budget. Overview The City Council and staffhave held a number of meetings during 2006 to prepare for the 2007 general fund budget and 2007 tax levy. In addition we provided an opportunity for the public to offer input on the 2007 budget through the Truth-in-Taxation hearing held on December 4,2006. Budget goals were adopted this spring and were instrumental in guiding the staff as it prepared budget requests. During 2006 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 2007 budget. The budget in its current form recommends spending in the general fund at $9,269,767 and a total tax levy of$8,805,758. The levy includes provisions for general fund operations, PERA contributions, HRA levy, capital funding, and debt obligations. Staff is recommending that the council adopt the resolution approving the tax levy for 2007 and setting the 2007 general fund budget. Primary Issues to Consider The state mandates certification of the 2007 levy to the County Auditor no later than December 28, 2005 Supportin!! Information Resolution 2006-090 Comparative Tax Levy for years 2004-2007 2007 General Fund Budget ~~ Christine M Harkess, CPA, CGFM Finance Director CITY OF HOPKINS HENNEPIN COUNTY, MINNESOTA RESOLUTION 2006-090 RESOLUTION APPROVING 2007 TAX LEVY AND ADOPTING THE 2007 GENERAL FUND BUDGET 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 2007 upon the taxable property in the City of Hopkins, for the following purposes. General Fund PERA Rate Increase Capital Levy HRA Levy 1999D GO PIR Bonds 2001 GO Rfdg Improv Bonds 2001 GO Rfdg Park & Rec Bonds 2002B GO Improvement Bonds HRA Lease Revenue Bonds Total Levy $ 7,516,943 $ 11,815 $ 50,000 $ 20,000 $ 26,000 $ 62,000 $ 175,000 $ 59,000 $ 885.000 $ 8,805,758 This levy is made based on current law and the 2007 General Fund Budget of $9,269,767. 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 19th day of December, 2006. ATTEST: Terry Obermaier, City Clerk Eugene Maxwell, Mayor --- ---- - ----- -- ---- - ---- -- - CITY OF HOPKINS ANALYSIS OF TAX LEVY 2007 2007 Net Levy Net Levy Purpose 2004 2005 2006 Proposed Revised Gen ral Operations General Fund $ 6,654,321 $ 7,261,263 $ 7,164,263 $ 7,728,711 $ 7,516,943 Other Levies: PERA Levy $ 11,815 $ 11,815 $ 11,815 $ 11,815 $ 11,815 Capital Levy $ - $ 25,000 $ 25,000 $ 50,000 $ 50,000 HRA Levy $ - $ 10,000 $ 20,000 $ 20,000 $ 20,000 Total General Levy * $ 6,666,136 $ 7,308,078 $ 7,221,078 $ 7,810,526 $ 7,598,758 Special Levies: 1999D GO Perm Impr Revolving Bonds $ 26,000 $ 26,000 $ 26,000 $ 26,000 $ 26,000 2001 GO Refunding Bonds -Improv Rev $ 65,000 $ 62,000 $ 62,000 $ 62,000 $ 62,000 2001 GO Refunding Bonds - Park & Rec $ 210,000 $ 190,000 $ 180,000 $ 175,000 $ 175,000 2002B GO Improv Revolving Bonds $ 59,000 $ 59,000 $ 59,000 $ 59,000 $ 59,000 HRA Revenue Bonds $ 678,000 $ 475,000 $ 890,000 $ 885,000 $ 885,000 Subtotal - Special Levies $ 1,038,000 $ 812,000 $ 1,217,000 $ 1,207,000 $ 1,207,000 TOTAL LEVIES $ 7,704,136 $ 8,120,078 $ 8,438,078 $ 9,017,526 $ 8,805,758 (1 ) (2) Increase over prior year $ 535,884 $ 415,942 $ 318,000 $ 579,448 $ 367,680 Percentage Incr (Deer) - Total 7.48% 5.40% 3.92% I 6.870/011 4.360/01 Tax Capacity Rate 56.664% 48.944% 48.262% 47.472% 46.224% est Percentage Incr/Decr in Tax Capacity Rate 1.007% -13.624% -1.393% -1.637% -4.223% (1 ) (2) Notes * Included in Operating Levy on Tax Statements (1) First portion of new facility bonds levied (2) Second portion of new facility bonds and no LGA CITY OF HOPKINS ANALYSIS OF GENERAL FUND REVENUE BUDGET 2006 2007 % % Department Budget Budget Incr/(Decr) of total Property Taxes $ 7,211,078 $ 7,557,758 4.81% 81.53% Intergovernmental Revenue PERA Aid $ 20,510 $ 20,510 0.00% Police - Federal Grant $ 1,000 $ 1,000 0.00% Police - State Aid $ 149,900 $ 164,000 9.41% Police - POST Reimbursement $ 5,000 $ 8,000 60.00% Police - Misc Grants $ 4,000 $ 4,000 0.00% Police - 911 Service Fee $ 12,000 $ 20,000 66.67% Fire - State Aid $ 99,500 $ 99,500 0.00% Fire - County $ 4,000 $ 4,000 0.00% PW - State Aid $ 116,000 $ 115,000 -0.86% Total Intergovernmental Revenue $ 411,910 $ 436,010 5.85% 4.70% Licenses, Permits & Fees Court Fines $ 141,000 $ 141,000 0.00% Building Permit & Inspection Fees $ 383,500 $ 387,000 0.91% Business Licenses $ 7,400 $ 7,500 1.35% Administrative Citations $ $ 3,000 #DIV/O! Liquor, Animal Licenses & Penalties $ 90,900 $ 94,000 3.41% Fire Licenses & Permits $ 4,500 $ 4,800 6.67% PW - Licenses & Permits $ 5,500 $ 5,100 -7.27% P&Z - License & Permits $ 6,600 $ 6,600 0.00% Total Licenses, Permits & Fines $ 639,400 $ 649,000 1.50% 7.00% Charges for Servic;e Finance Department $ 2,200 $ 2,200 0.00% Municipal Building $ $ 2,400 #DIV/O! Assessing $ 300 $ 750 150.00% City Clerk $ 2,100 $ 2,500 19.05% Inspections $ 92,000 $ 95,000 3.26% Police $ 41 ,400 $ 39,400 -4.83% Fire $ 2,600 $ 2,600 0.00% Public Works $ 4,650 $ 4,650 0.00% Activity Center $ - 55,000 $ 60,000 9.09% Planning & Zoning $ 500 $ 300 -40.00% Total Charges for Service $ 200,750 $ 209,800 4.51 % 2.26% Miscellaneous Revenue Franchise Fees $ 290,000 $ 290,000 0.00% Elections $ $ #DIV/O! Police $ 9,500 $ 2,750 -71.05% Fire $ 2,000 $ 2,000 0.00% Public Works $ 450 $ 500 11.11% Acitivty Center $ 13,200 $ 12,000 -9.09% Total Miscellaneous Revenue $ 315,150 $ 307,250 -2.51 % 3.31% Interest Earnings $ 110,000 $ 109,949 -0.05% 1.19% ITotal Revenues $ 8,888,288 $ 9,269,767 4.29% 1 100.00%1 CITY OF HOPKINS ANAL YSIS OF GENERAL FUND EXPENDITURE BUDGET 2006 2007 Budget % Department Budget Budget Incr/(Decr) City Council City Council $ 89,772 $ 89,582 -0.21% Health & Wellness $ 1,050 $ 1,050 0.00% Total City Council $ 90,822 $ 90,632 -0.21 % Administrative Services Administration $ 79,439 $ 81 ,900 3.10% legislation $ 20,790 $ 21,920 5.44% Agenda $ 33,171 $ 34,835 5.02% Personnel $ 43,048 $ 53,949 25.32% Capital Improvements $ 13,587 $ 14,152 4.16% Wellness $ 8,882 $ 9,099 2.44% Information Services $ 183,663 $ 197,270 7.41% Total Administrative Services $ 382,580 $ 413,125 7.98% Finance Benefit Administration $ 12,846 $ 12,506 -2.65% Budget $ 19,388 $ 20,543 5.96% Cash Management $ 21,060 $ 21,564 2.39% Debt Management $ 180 $ (17) -109.44% General Accounting $ 59,909 $ 67,879 13.30% Payroll $ 31,801 $ 34,886 9.70% Risk Management $ 10,652 $ 11,096 4.17% TIF Administration $ (61) $ (10) -83.61 % Utility Billing $ (4,193) $ (1,221 ) -70.88% Total Finance $ 151,582 $ 167,226 10.32% Legal $ 126,600 $ 126,625 0.02% Municipal Building $ 314,276 $ 304,960 -2.96% Receptionist $ 39,769 $ 39,776 0.02% Assessing $ 146,421 $ 138,619 -5.33% City Clerk City Clerk $ 38,141 $ 32,570 -14.61 % Records Management $ 24,500 $ 37,513 53.11 % Elections $ 35,623 $ 37,876 6.32% Total City Clerk $ 98,264 $ 107,959 9.87% Inspections Building Code Inspections $ 302,089 $ 265,736 -12.03% Fire Inspections $ 25,048 $ 37,241 48.68% Heating & Plumbing Inspections $ 87,834 $ 83,408 -5.04% Housing Inspections $ 46,560 $ 47,341 1.68% Restaurant & Hotel Inspections $ 21,525 $ 21,360 -0.77% Misc. Community Inspections $ 45,752 $ 45,852 0.22% Total Inspections $ 528,808 $ 500,938 -5.27% Police Police Administration $ 436,124 $ 440,522 1.01% Patrol $ 2,051,726 $ 1,999,418 -2.55% Heat Team $ 51 ,794 $ 56,628 9.33% 2006 2007 Budget % Department Budget Budget Incr/(Decr) Reserves $ 37,068 $ 36,256 -2.19% Investigations $ 335,584 $ 442,384 31.83% Metro Drug Task Force $ 85,519 $ 90,974 6.38% Pawn Shop $ 13,409 $ 6,268 -53.26% Outreach $ 65,100 $ 70,177 7.80% Dispatch $ 391,689 $ 439,892 12.31 % Reception-Records $ 207,303 $ 212,745 2.63% Systems Management $ 80,087 $ 88,084 9.99% Total Police $ 3,755,403 $ 3,883,348 3.41% Fire Fire $ 656,637 $ 726,526 10.64% Emergency Preparedness $ 5,290 $ 6,371 20.43% Total Fire $ 661,927 $ 732,897 10.72% Public Works PW Building $ 33,473 $ 38,595 15.30% Equipment Services $ 43,108 $ 49,284 14.33% Administration $ 17,731 $ 19,939 12.45% Engineering $ 129,582 $ 124,224 -4.13% Street & Alleys $ 782,199 $ 796,249 1.80% Snow & Ice Removal $ 131,978 $ 141,061 6.88% Parks $ 542,819 $ 575,517 6.02% Tree Service $ 208,580 $ 208,737 0.08% Total Public Works $ 1,889,470 $ 1,953,606 3.39% Recreation Playground $ 31 ,000 $ 31,826 2.66% Ice Rink $ 13,320 $ 13,650 2.48% Park Service $ 11 ,165 $ 11,600 3.90% Joint Recreation $ 152,500 $ 156,000 2.30% Skate Park $ 7,650 $ 7,494 -2.04% Total Recreation $ 215,635 $ 220,570 2.29% Activity Center Act Ctr - Community Use $ 240,881 $ 247,766 2.86% Act Ctr - Maintenance $ 55,825 $ 57,856 3.64% Total Activity Center $ 296,706 $ 305,622 3.00% Planning & Zoning Zoning Activities $ 59,110 $ 59,926 1.38% Sign & Fence Permits $ 8,885 $ 9,193 3.47% Miscellaneous Planning $ 27,390 $ 48,745 77.97% Total Planning & Zoning $ 95,385 $ 117,864 23.57% Tuition Reimbursement $ $ 11 ,000 0.00% Total Expenditures $ 8,793,648 $ 9,114,767 3.65% Other Financing Uses Transfer to Para transit Fund $ 17,000 $ 15,000 -11.76% Total Other Financing Uses $ 17,000 $ 15,000 -11.76% Contingency $ 77,680 $ 140,000 80.23% IGrand Total Expenditures $ 8,888,328 $ 9,269,767 4.29% I