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Memo - City Council
<br />2014 Proposed Preliminary Budget and Tax Levy
<br />6
<br />General Fund
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<br />The 2013 legislature enacted levy limits at the end of the
<br />any LGA and we also do not have any special levies for bonds, as we do not have any bonds.
<br />The proposed levy represents our calculated amount received from the Department of Revenue
<br />(DOR). Since there are a number of factors to consider and we do not yet have all the data, the
<br />City Council consensus was to set a preliminary levy at the DOR calculated amount of 3.05%
<br />and have further discussions as we get further into the budget process and have better numbers.
<br />A final levy will be determined in December after more discussions with the City Council in
<br />November. Revenues and expenditures are shown in the table below. We have highlighted items
<br />that impact the preliminary tax levy and proposed budget on the next page to give you a brief
<br />overview.
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<br />City of Arden Hills
<br />General Fund
<br />ActualActualBudgetAmendedYear To DateProposed% Change
<br />FY 2011FY 2012FY 2013FY201308/16/2013FY 201413 vs 14
<br />Revenues
<br />Taxes
<br />Taxes 2,913,248 3,087,159 3,220,791 3,220,791 57,337 3,319,1273.05%
<br />Licenses and Permits 429,279 415,070 260,525 260,525 267,864 259,873-0.25%
<br />Other Intergovernmental 126,691 118,800 115,867 115,867 38,188 117,2801.22%
<br />Charges for Services 491,548 526,334 417,481 417,481 251,522 418,7670.31%
<br />Fines & Forfeits 29,151 33,192 40,301 40,301 9,110 31,900 -20.85%
<br />Special Assessments 442 1,771 2,769 2,769 - 1,822-34.20%
<br />Miscellaneous 190,128 127,300 72,673 72,673 27,252 102,85041.52%
<br />Transfers - - - - - -0.00%
<br />Total Revenues
<br />$ 4,180,486$ 4,309,626$ 4,130,407$ 4,130,407$ 651,272$ 4,251,6192.93%
<br />Expenditures by Category
<br />Personal Services$ 1,326,431$ 1,287,850$ 1,381,493$ 1,381,493$ 870,516$ 1,398,6961.25%
<br />Materials and Supplies 206,303 201,997 140,150 140,150 84,448 142,9502.00%
<br />Other Services and Charges 2,032,114 2,255,221 2,384,864 2,384,864 1,563,012 2,477,9133.90%
<br />Capital Outlay - - - - - -0.00%
<br />Transfers 252,600 364,955 240,000 270,000 30,000 250,000-7.41%
<br />Contingency/Reserves - - 4,354 4,354 - --100.00%
<br />Total Expenditures
<br />$ 3,817,447$ 4,110,023$ 4,150,861$ 4,180,861$ 2,547,975$ 4,269,5592.12%
<br />Fund Balance - January 1 1,788,296 2,151,335 2,350,937 2,350,937 2,350,937 2,300,484
<br />Excess Revenue Over Expenditure 363,039 199,602 (20,454) (50,454) (1,896,703) (17,940)
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<br />Fund Balance - December 31$ 2,151,335$ 2,350,937$ 2,330,484$ 2,300,484$ 454,234$ 2,282,544
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