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CR 2013-089 Proposed General fund budget and set budget meeting date1320 - September 3, 2013 City of Hopkins Council Report 2013-089 APPROVE PROPOSED 2014 LEVY, PROPOSED 2014 GENERAL FUND BUDGET AND SET BUDGET MEETING DATE Proposed Action Staff recommends adoption of the following motions: Move to approve Resolution 2013-052 "Approving proposed 2014 tax leve, debt service levies at levels under those required in the bond covenants, proposed 2014 general fund budget, and setting budget meetingda Adoption of resolution 2013-052 will set a maximum tax levy for 2014, 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 2014 general fund budget. Actual budget and tax levy adoption will not occur until December 2013. Overview The City is required to certify a proposed tax levy and submit it to the county by September 16`h. There is also a requirement to hold a public meeting on the budget where public comments are taken. Staff is suggesting December 3, 2013 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. If there are no changes to the proposed budget if can be approved at that same meeting. A proposed general fund budget has been established and is attached for your review. Adoption of the actual budget will occur in December 2013 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 2014 and set the preliminary levy. Levy limits were reinstated for 2014 and those were taken into consideration when establishing the proposed levy. • 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 • 2014 budget concerns Supporting Information • Power point presentation • 2014 proposed general fund budget • Resolution 2013-052 Christine M. Harkess. CPA, CGFM Finance Director Financial Impact: $ 10,946,129 Budgeted: Y/N X N Source: Taxes and other revenues Related Documents (CIP, ERP, etc.): 2014 budget Notes: Staff Analysis • 2012/2013 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, has been reinstated for 2014. We will be receiving $289,900 with all of it going to the General Fund. The market value exclusion program that replaced the previous MVHC that homestead properties qualify for remains in place. Levy limits last repealed for 2005 were reinstated for the years 2009-2011, were repealed for 2012 and 2013 and have been reinstated for 2014. The option for a special PERA levy to cover state mandated employer PERA increases was removed for 2014 and is no longer a special levy. • 2014 Levy The City of Hopkins is proposing a total tax leve increase of $115,061 or 1.12%. The tax levy proposed totals $10,416,235 which includes levies for the general fund and bonded debt. Details are included in the attached summary of tax levy. Due to raising the gas and electric franchise fees we are able to offset the 2012 and 2013 street improvement levies by $160,620. The 2013 Equipment Certificate levy was placed on the tax rolls as fees are not sufficient to fund operations and debt. The Equipment Certificate Bond issue was set up with annual tax levies. For the first year we chose to use fees to make the first bond payment. The debt levies are the sole reason for the levy increase. There is no increase in the operating levy. The capital levy implemented in 2005, was suspended for 2010, reinstated for 2011 and continues into 2014. This levy is part of the levy limit calculation. The Housing and Redevelopment Authority levy for 2014 is a continuation of the reinstatement of their past levy authority. The HRA levy is a separate levy that is shoe n separately on the tax statements under "Other Taxing Districts". • 2014 Budget Analysis The 2014 general fund budget, and the 2014 general operating tax is proposed at $10,946,129 and $10,416,235 respectively. The proposed levy is set taking into consideration levy limits for 2014 and can only be reduced from this point forward. The general fund budget is currently proposed to increase by $365,800 or 3.46% over the 2013 budget and is balanced. Expenditures include wage increase for employees, Police & Fire pension increases, provisions for the 2014 general election and contracts for work due to staffing challenges. 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. 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 2014 general fund budget revenues and expenditures. • Tax Impacts of Levy's This will be the third year of the Market Value Homestead Exclusion (MVHE) so 1 don't expect many questions on this aspect of the tax levy this year. The tax rate is projected to increase less than 1 % which should have minimal impact on properties. We will know more when Hennepin County calculates the preliminary tax rates after the Sept 16`h submission deadline. • Fiscal Disparity The fiscal disparities program also affects what the tax impact will be on Hopkins taxpayers. If the city is a net contributor taxpayers see an increase in the tax rate, however if the city is a net distributor the tax rate will go down. Shown below are the fiscal disparities contribution and distribution amounts for the years 2005 — 2014. You can see from the chart below how our net gain/loss has changed due to development/re-development in Hopkins and other communities. The net gain/loss for Hopkins went down for 2014 which will have a positive effect on the levy as there will be less of a deduct on our property values for fiscal disparity. Analysis of Fiseal Disparities Year Contribution Distribution Gain/(Loss) 2014 2,919,373 2,279,480 (639,893) 2013 3,111,160 2,271,762 (839,398) 2012 3,092,328 2,650,437 (441,891) 2011 3,324,078 2,645,025 (679,053) 2010 2,858,921 2,913,208 54,287 2009 2,766,202 2,840,070 73,868 2008 2,450,063 2,405,483 (44,580) 2007 2,116,466 1,997,455 (119,011) 2006 1,952,996 1,836,753 (116,243) 2005 1,526,509 1,673,106 146,597 • 2013 Budget Meeting for the 2014 Budget and 2014 Tax Levy The 2009 Legislature 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 16`h at a 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 16`h, 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 be set for December 3, 2013 with possible adoption of the final budget at that same meeting. 20 / 4 Prelilly al ), Lq)y and Blldgel • Council adopts proposed levy and budget by Sept 16th • Council sets budget meeting date to discuss budget and receive public comments • Budget Meeting — Tuesday, December 3rd • Budget Approval — at that same meeting or next scheduled council meeting • Parcel specific notices are mailed by County • Local Government Aid • Levy Limits for 2014 • Priority — balanced budget • Equipment Replacement Plan • Capital Improvement Plan • Financial Management Plan • Utility Rate Study • Expenditures— $10,946,129 • 3.46% increase or $365,800 over 2013 budget • Personnel related increases are 89.8% of the increase • Material, services and supplies are 10.2% of the increase Expenditures General Fund General Government Community Services Public Safety Public Works Recreation Comm Dev & Planning Other Total 2013 2014 Change $1,269,025 $1,319,927 4.01% $901,681 $945,429 4.85% $5,310,329 $5,439,659 2.44% $2,266,002 $2,384,144 5.21% $544,483 $586,329 7.69% $218,609 $220,441 0.84% $70,200 $50,200 -28.49% $10,580,329 $10,946,129 3.46% • Revenues — $10,946,129 • Local Government Aid • Court Fines • Grant Revenues Revenues Property Taxes Intergovt'I Revenue License, Permits & Fines Charges for Service Miscellaneous Interest Tota I $10,580,329 $10,946,129 3.46% 2013 2014 Change $8,952,774 $8,952,774 0.00% 498,510 813,410 63.17% 528,095 564,395 6.87% 182,850 201,250 10.06% 403,100 399,300 -0.94% 15,000 15,000 0.00% $10,580,329 $10,946,129 3.46% F1 • Original shortfall was $130,000 • Adjusted fine revenue - $30,000 • Personnel savings due to retirements • Shortfall down to $84,000 • Next we met with department managers • Elimination of $84,000 shortfall • Police — reduced personnel time for off duty training - $20,000 • Police — reduced equipment maintenance $10,000 due to additional savings from LETG • Public Works — reduced seal coating & crack sealing budget by $30,000 • Sales tax savings estimated for supplies line items • Total Levy - $10,416,235 • Increase of $115,061 or 1.12% • Operating Levy - $8,994,774 • Special Levies, Debt - $1,421,461 • Reductions in debt levy • Enterprise Transfers - $145,000 • Gas & Electric Franchise Fees - $160,620 • The levy set will be the Maximum levy for 2014 • Levy can be reduced but not increased • Staff continues to refine the budget J r Levy Rate Year Increase Increase 2013 0.49% 3.741% 2012 1.11% 3.003% 2011 2.14% 6.674% 2010 3.90% 1.684% 2009 3.90% 1.914% J 2014 Net Levy Purpose 2013 Proposed General Operations General Fund $8,834.274 $8.869,774 Capital Levy 125.000 125,000 PERA Levy 35.500 0 Subtotal 8,994,774 8,994,774 Special Levies: Debt Levies 1.623,427 1,727.081 Enterprise Transfers 145,000) (145.000) Fee Offset 164.370) 0 Franchise Offset (160.620) Subtotal Special Levies 1,306.400 1,421,461 TOTAL LEVY $10,301,174 $10,416,235 Increase over prior year $50,183 $115,061 Percentage Incr (Decr) 0.49% 1.12% J r Levy Rate Year Increase Increase 2013 0.49% 3.741% 2012 1.11% 3.003% 2011 2.14% 6.674% 2010 3.90% 1.684% 2009 3.90% 1.914% Year Contribution Distribution Gain/(Loss) Changes 2014 2,919,373 2,279,480 (639,893) in the FD 2013 3,111,160 2,271,762 (839,398) program 2012 3,092,328 2,650,437 (441,891) affect the 2011 3,324,078 2,645,025 (679,053) tax rate 2010 2,858,921 2,913,208 54,287 2009 2,766,202 2,840,070 73,868 2008 2,450,063 2,405,483 (44,580) 2007 2,116,466 1,997,455 (119,011) 2006 1,952,996 1,836,753 (116,243) 2005 1,526,509 1,673,106 146,597 � / u Fiscal Disparities Net Contribution � zoo,a00 2006 2007 8 2009 201 2011 2012 2013 2014 (200.000) (400.000) 1600.000) (800.000) —rGain/Moss) (1000 000) • Adopt proposed budget and levy at September 3rd Council meeting and certify to County • Parcel specific notices mailed by County • Hold Public Meeting on the budget and levy at the December 3rd Council meeting • Approve levy & budget CITY OF HOPKINS PROPOSED GENERAL FUND REVENUE BUDGET 2013 2014 % Department Budget Budget lncr/(Decr) Property Taxes 8,952,774 8,952,774 0.00% Intergovernmental Revenue PERA Aid 20,510 20,510 0.00% Local Government Aid 0 289,900 24.44% Police - Federal Grant 82,000 82,000 0.00% Police - State Aid 177,000 177,000 0.00% Police - POST Reimbursement 9,000 9,000 0.00% Police - Misc Grants 10,000 15,000 50.00% Fire - State Aid 70,000 90,000 28.57% PW - State Aid 130,000 130,000 0.00% Total Intergovernmental Revenue 498,510 813,410 63.17% Licenses, Permits & Fees 5,750 10,150 76.52% Court Fines 135,000 168,000 24.44% Building Permit & Inspection Fees 269,180 272,480 1.23% Administrative Citations 8,000 8,000 0.00% Business Licenses 5,000 5,000 0.00% Liquor, Animal Licenses & Penalties 97,000 97,000 0.00% Fire Licenses & Permits 3,500 3,500 0.00% PW - Licenses & Permits 9,415 9,415 0.00% P&Z - License & Permits 1,000 1,000 0.00% Total Licenses, Permits & Fines 528,095 564,3951 6.87% Charges for Service Finance Department 5,750 10,150 76.52% Municipal Building 0 0 0.00% Assessing 1,500 2,000 33.33% City Clerk 5,000 0 -100.00% Inspections 71,850 73,850 2.78% Police 42,000 48,000 14.29% Fire 3,000 3,000 0.00% Public Works 2,750 2,750 0.00% Activity Center 49,500 59,500 20.20% Planning & Zoning 1,500 2,000 33.33% Total Charges for Service 182,850 201,250 10.06% Miscellaneous Revenue Franchise Fees 290,000 290,000 0.00% Miscellaneous 0 100 Finance Department 4,800 4,800 0.00% Police 1,500 1,500 0.00% Public Works 4,400 4,600 4.55% Acitivty Center 13,500 10,000 -25.93% Community Development 88,900 88,300 -0.67% Total Miscellaneous Revenue 403,100 399,300 -0.94% Interest Earnings 15,000 15,000 0.00% Total Revenues $10,580,329 $10,946,129 3.46% CITY OF HOPKINS PROPOSED GENERAL FUND EXPENDITURE BUDGET 2013 2014 Budget % Department Budget Budget Incr/(Decr) City Council 68,967 69,872 1 1.31% Administrative Services 0 0 0.00% Administration 179.060 196,685 9.84% Personnel 46,768 40,599 -13.19% Wellness 2,000 2,000 0.00% Information Services 254,988 261,305 2.48% Total Administrative Services 482,816 500,589 3.68% Finance Debt Management 0 0 0.00% General Accounting 163,587 185,203 13.21% Payroll 45,609 48,516 6.37% TIF Administration 0 0 0.00% Utility Billing 5.000 9.400 88.00% Total Finance 214,196 243,119 13.50% Legal Municipal Building 142,000 313,998 143,000 317,414 0.70% 1.09% Receptionist 47,048 1 45,933 -2.37% lAssessing 177,187 1 183,607 3.62% City Clerk City Clerk 51,782 54,462 5.18% Elections 45,582 60,808 33.40% Total City Clerk 97,364 115,270 18.39% Inspections Building Code Inspections 261,854 267,051 1.98% Fire Inspections 35,155 36,675 4.32% Heating & Plumbing Inspections 88,952 91,054 2.36% Housing Inspections 157,595 165,788 5.20% Misc. Community Inspections 78,908 81,265 2.99% Vacant Property Management 4,666 4,719 1.14% Total Inspections 627,130 646,552 3.10% Police Police Administration 527,437 516,611 -2.05% Patrol 2,627,237 2,780,576 5.84% Heat Team 73,611 69,715 -5.29% Reserves 15,162 15,586 2.80% Investigations 615,083 550,389 -10.52% Metro Drug Task Force 114,468 122,629 7.13% Pawn Shop 3,335 3,530 5.85% Outreach 107,332 107,394 0.06% Reception -Records 244,501 267,563 9.43% 2013 2014 Budget % Department Budget Budget Incr/(Decr) Systems Management 65,855 49,501 -24.83% Total Police 4.394.021 4.483.494 2.04% Fire Fire 912,343 953,037 4.46% Emergency Preparedness 3,965 3,128 -21.11% Total Fire 916,308 956,165 4.35% Public Works 129,683 132,191 1.93% PW Building 34,988 33,631 -3.88% Equipment Services 85,096 98,887 16.21% Administration 38,345 41,280 7.65% Engineering 132,003 140,861 6.71% Street & Alleys 878,399 912,716 3.91% Snow & Ice Removal 182,623 205,553 12.56% Parks 680,774 698,934 2.67% Forestry 233,774 252,282 7.92% Total Public Works 2,266,002 1 2,384,1441 5.21% Recreation Playground 21,417 21,992 2.68% Ice Rink 13,113 15,295 16.64% Park Service 12,454 36,975 196.89% Joint Recreation 155,000 158,900 2.52% Skate Park 7,165 7,394 3.20% Total Recreation 209,149 240,556 15.02% Activity Center Act Ctr - Community Use 276,859 289,497 4.56% Act Ctr - Maintenance 58,475 56,276 -3.76% Total Activity Center 335,334 345,773 3.11% IPlanning & Zoning 129,683 132,191 1.93% Development 88,926 --Community 88,250 -0.76% Tuition Reimbursement 10,200 15,200 49.02% lContingency 50,000 1 25,000 1 -50.00% Total Expenditures 10,570,329 1 10,936,129 3.46% Other Financing Uses Transfers to other funds 10,000 10,000 0.00% Total Other Financing Uses 10,000 1 10,000 1 0.00% Grand Total Expenditures $ 10,580,329 $ 10,946,129 3.46% Total Revenues $ 10,580,329 $ 10,946,129 Revenues Over (Under) Expenditures $ - $ CITY OF HOPKINS 2014 TAX LEVY TOTAL LEVIES Increase over prior year Percentage Incr (Decr) - Total Tax Capacity Rate Incr/Decr in Tax Capacity Rate $10,301,174 $10,416,235 $50,183 $115,061 0.49% 1.12% 62.417% 61.765% preliminary estimate 3.741 -0.652% 2014 Net Levy Purpose 2013 Proposed General Operations General Fund $8,834,274 $8,869,774 Capital Levy 125.000 125,000 PERA Levy 35,500 0 8,994,774 8,994,774 Special Levies - Debt: 2007B GO Improv Revolving Bonds 186.520 188,093 2007 Capital Improvement Bonds 908,800 911,110 Enterprise Fund Transfers (145.000) (145,000) 2010A GO Improvement Bonds 77,000 79,175 2012A GO CIP Bonds 220,000 220,000 2012B GO Bonds 166,737 140,710 Gas & Elec Franchise Fees - levy offset (107,657) (85,620) 20128 Equipment Certificates 64,370 97,965 Fees used to offset levy (64,370) 0 2013A GO Improvement Bonds 0 90,028 Gas & Elec Franchise Fees - levy offset 0 (75.000) Subtotal - Debt Levies 1,306,400 1,421,461 TOTAL LEVIES Increase over prior year Percentage Incr (Decr) - Total Tax Capacity Rate Incr/Decr in Tax Capacity Rate $10,301,174 $10,416,235 $50,183 $115,061 0.49% 1.12% 62.417% 61.765% preliminary estimate 3.741 -0.652% CITY OF HOPKINS Hennepin County, Minnesota RESOLUTION NO. 2013-052 RESOLUTION APPROVING THE PROPOSED 2014 TAX LEVY, SETTING DEBT SERVICES LEVIES AT LEVELS UNDER THOSE REQUIRED IN THE BOND COVENANTS, APPROVINGTHE PROPOSED 2014 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 2014 upon the taxable property in the City of Hopkins, for the following purposes. General Lev General Fund $8,994,774 Special Levies Debt Levies 2007A GO Capital Improvement Bonds 766,110 2007B GO Improvement Bonds 188,093 2010A GO Improvement Bonds 79,175 2012A GO Capital Improvement Bonds 220,000 2012B GO Bonds 55,090 2012B Equipment Certificates 97,965 2013A GO Improvement Bonds 15,028 Subtotal Special Levies 1,421,461 Total Levy 10.416.235 HRA/EDA Lew Housing & Redevelopment Authority Levy 273,980 That based upon staff analysis of specials assessments currently levied for Permanent Improvement Bonds, alternative revenue sources for the Capital Improvement Bonds and Equipment Certificates, and available reserves within all debt service funds listed below, that the debt service levies for 2014 for the following issues be levied at amounts less than that provided by the bond covenants. Net Debt Bond Issue Service Levy $9,920.000 G.O. Capital Improvement Bonds of 2007A (132212) $766,110 $5,505,000 G.O. Bonds — Equipment Certificates of 2012B (132833) $ 97,965 $5,505,000 G.O. Bonds of 2012B (132833) $ 55,090 $3,650,000 G.O. Improvement Bonds of 2013A (132883) $ 15,028 That the Proposed 2014 General Fund Budget be set at $10,946,129. That the budget meeting to discuss the 2014 budget and tax levy be set for December 3, 2013 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 tliis 3"' day of September 2013. Eugene Maxwell, Mayor ATTEST: Kristine A. Luedke, City Clerk