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Memo - City Council
<br />2016 Proposed Preliminary Budget and Tax Levy
<br />4
<br />General Fund Revenues
<br />Property Tax Levy 102,000$
<br />Intergovernmental-Police Aid 11,331
<br />Antenna Rentals 33,514
<br />Fines and Forfeits (4,171)
<br />Other Misc Adjustments (354)
<br />142,320$
<br />6.5% for 2016. It is still unknown at this time what the dental insurance increase will be so staff
<br />has used 10% for estimating purposes.
<br />
<br />This assumption has a total General Fund increase of $56,614 when including the new salary
<br />scale implementation that will continue into 2016. Total overall effect on salaries and benefits is
<br />a $101,305 increase over the 2015 budget but this also includes the changes made with the
<br />implementation in 2015 of the new compensation plan.
<br />
<br />General Fund
<br />
<br />Revenues and expenditures are shown in the following table. We have highlighted the impact of
<br />the tax levy and the proposed budget on the next page to give you a brief overview. Staff can
<br />discuss any questions with the City Council during the meeting.
<br />City of Arden Hills
<br />General Fund
<br />Actual Actual Budget Amended Year To Date Proposed % Change
<br />FY 2013 FY 2014 FY 2015 FY2015 06/30/2015 FY 2016 15 vs 16
<br />Revenues
<br />Taxes
<br />Taxes 3,086,064 3,210,026 3,389,875 3,389,875 325,791 3,491,875 3.01%
<br />Licenses and Permits 382,038 327,726 273,730 273,730 298,505 265,530 -3.00%
<br />Other Intergovernmental 120,811 136,249 125,328 125,328 94,893 141,659 13.03%
<br />Charges for Services 487,569 510,347 439,943 439,943 288,907 476,302 8.26%
<br />Fines & Forfeits 32,056 29,569 38,740 38,740 21,180 34,569 -10.77%
<br />Special Assessments 3,225 2,244 3,000 3,000 - 3,000 0.00%
<br />Miscellaneous (10,335) 88,405 80,355 80,355 39,205 80,355 0.00%
<br />Transfers - - - - - - 0.00%
<br />Total Revenues 4,101,427$ 4,304,566$ 4,350,971$ 4,350,971$ 1,068,480$ 4,493,291$ 3.27%
<br />Expenditures by Category
<br />Personal Services 1,329,650$ 1,400,601$ 1,436,571$ 1,436,571$ 601,322$ 1,498,764$ 4.33%
<br />Materials and Supplies 176,728 206,106 157,940 157,940 46,592 160,246 1.46%
<br />Other Services and Charges 2,310,255 2,505,384 2,734,765 2,734,765 1,140,111 2,824,607 3.29%
<br />Capital Outlay - - - - - - 0.00%
<br />Transfers 270,000 212,417 80,000 80,000 - 210,000 162.50%
<br />Contingency/Reserves - - - - - - 0.00%
<br />Other Financing Uses - - - - - - 0.00%
<br />Total Expenditures 4,086,632$ 4,324,508$ 4,409,276$ 4,409,276$ 1,788,024$ 4,693,617$ 6.45%
<br />Fund Balance - January 1 2,350,919 2,365,714 2,345,772 2,345,772 2,345,772 2,287,467
<br />Excess Revenue Over Expenditure 14,795 (19,942) (58,305) (58,305) (719,544) (200,326)
<br />Fund Balance - December 31 2,365,714$ 2,345,772$ 2,287,467$ 2,287,467$ 1,626,228$ 2,087,141$
<br />Revenues
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<br />All revenue items were evaluated based on current economic
<br />conditions and past trends. The most notable item is the
<br />proposed tax levy which equates to $102,000 in additional
<br />revenue over last year’s levy. As shown in the box to the
<br />left, Police Aid is estimating to increase (we receive this as
<br />part of the Sheriff’s contract group), Antenna Revenues have
<br />increased with the new negotiated contracts and Fines and
<br />Forfeits have decreased.
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