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HomeMy WebLinkAbout2008-12-02 T & T/Special Meeting Packet €,enmu Jf ~1$7 TRUTH AND TAXATION HEARING/SPECIAL COUNCIL MEETING AGENDA T & T/SPECIAL COUNCIL MEETING Tuesday, December 2, 2008 6:00 p.m. I. CALL TO ORDER 1. Roll Call II. PUBLIC HEARINGS 1. Truth and Taxation III. NEW BUSINESS 1. Res. #08-XXX - Calling for a Public Hearing on January 7, 2009 - 2009 Street Improvement Project IV. ADJOURNMENT City of Centerville 2009 Proposed Total Budget and Property Taxes December 2, 2008 Prepared By: John Meyer Finance Director 2009 gf proposed budget 11242008 2009 Proposed Total Budget and Property Taxes SPENDING: The total budget amounts below compare the city's 2008 total actual budget with the amount the city proposes to spend in 2009. 2008 Total Actual Budget Proposed 2009 Budget Change from 2008 - 2009 $ 2,441,600 $ 2,604,320 6.66% TAXES: The property tax amounts below compare that portion of the current budget levied in property taxes in the City of Centerville for 2008 with the property taxes the city proposes to collect in 2009. 2008 Property Taxes Proposed 2009 Property Taxes Change from 2008 - 2009 $ 1,985,600 $ 2,043,820 2.93% LOCAL TAX RATE COMPARISON: The following compares the city's current local tax rate, the city's tax rate for 2009 if no levy increase is adopted, and the city's proposed tax rate for 2009. 2008 Tax Rate 2009 Tax Rate if NO Levy Increase 2009 Proposed Tax Rate 45.807% 44.688% 46.195% Property Tax Changes by Taxing Districts for a Home with a Value of $139,900 in 2002 and Increasing in Value to $208,400 in 2009 ~Total Property Tax _City County ~School ___ Special Districts >< III I- ~ !. e 0.. $2,900 $2,800 $2,700 $2,600 $2,500 $2,400 $2,300 $2,200 $2,100 $2,000 $1,900 $1,800 $1,700 $1,600 $1,500 $1,400 $1,300 $1,200 $1,100 $1,000 $900 $800 $700 $600 $500 $400 $300 $200 $100 $- 2002 $1,896 $860 $470 $478 $88 2003 $1,974 $816 $529 $525 $104 2004 2005 2006 2007 $2,076 $2,220 $2,668 $2,708 $826 $877 $912 $917 $545 $583 $612 $650 $596 $661 $1,035 $1,037 $109 $99 $109 $104 Collection Year (rounded to whole dollars) 2008 $2,741 $923 $683 $1,024 $111 2009 $2,613 $891 $648 $971 $103 City of Centerville Narrative for 2009 Proposed Final Budget December 2, 2008 Attached is the Proposed Final 2009 General Fund Budget for the City of Centerville. This report is intended to disclose all assumptions used in calculating the proposed budget and explain any significant variances from last year. The following assumptions were made in calculating the proposed budget: Revenues: Tax Levv The general tax levy was increased by $58,220 for additional spending which is an increase of 2.93% . At this proposed levy amount, tax capacity figures indicate that a tax rate will change slightly from 45.807 in 2008 to 46.195 in 2009. This tax capacity is based on updated county data that enumerated with an increase in the city's tax capacity and an decrease in the city's contribution to area wide spending. Local Government Aid The city will receive no local government aid in 2009. In 2008, the city received $22,920. Licenses and Permits Licenses and Permits revenues will increase slightly because of a change in the housing market. Fines and Forfeits Fines and forfeits have been stable. Interest Earninas Interest earnings will decline because of a smaller investment portfolio. Assessments Assessment receipts will decline in 2009 because of fewer assessment receivables. Other Financina Sources The storm water fund will be contributing $95,000 for three years for the backage road storm water pond. 2009 is the first year of this contribution. Expenditures: Salaries and Benefits The following assumptions were made in calculating salaries and benefits for the 2008 budget: + 3% structure increase (COLA); + 4% step increase for eligible employees; + A legislative mandated increased employer contribution rate to PERA; + Allocations were changed to more accurately reflect actual time spent, resulting in slight differences in distributions across departments; + $25 per employee per month increase in health insurance contribution, in accordance with the union contract. Insurance rates are expected to rise by 10- 15 % in January 2009 Police Administration The 2009 budget amount of $716,032 from the Centennial Lakes Police Department is reflected in the budget. This is an increase of 1.7%. Fire Protection The 2009 budget amount of $112,000 from the Centennial Fire Department is reflected in the budget. This is an increase of 3.8%. The budget also includes $ 125,000 in pass through fire relief aid. Parks and Recreation The parks and recreation includes operating funds for the city's $25,000 match to the awarded transportation enhancement grant. This is the first year of match money required by the grant. The city completed its obligation to the National Sports Center in 2008. In addition to operating funds for the Parks and Recreation budget, $25,000 in funds are provided for debt service on the hidden spring park loan. Economic Development The economic development budget includes $2,000 for the EDA and a tax abatement payment to Northern Forest Products of $12,000 City Festival. Fireworks .. Parade The City Festival & Parade budget includes an estimated $21,000 appropriation from the City plus a proposed $3,000 pass-through donation from gambling funds. Transfers Out This line item includes a proposed $102,000 transfer to the 2004 Municipal Street Debt Service Fund to cover the City's portion of the street project obligation, $77,400 for lease payments on the Joint Police Station, $178,500 transfer to 2007A Debt Service Fund and $25,000 for Street Construction Reserve. CaDital Outlav Capital outlay in the amount of $33,000 is available in the 2009 proposed budget for capital needs such as office equipment, one vehicle replacement for public works and a contribution to park & recreation for the partial match of the transportation enhancement grant. CITY OF CENTERVILLE General Fund Proposed 2009 Budget Actual Final Proposed Final Percent Change 2007 2008 Budget 2009 Budget 2008 to 2009 Revenues: Property Taxes 1,813,923.00 1,985,600.00 2,043,820.00 2.93% MV Homestead Credit Cut Other Taxes & Assessments 1,724.00 50,000.00 20,000.00 -60.00% Licenses & Permits 220,855.00 170,000.00 180,000.00 5.88% Building Inspection 199,048.00 135,000.00 145,000.00 7.41% Fines & Forfeits 37,529.00 35,000.00 33,500.00 -4.29% Intergovernmental 286,590.00 120,000.00 166,500.00 38.75% Fire Relief Aid 137,100.00 95,000.00 125,000.00 31.58% Charges for Services 2,228.00 2,000.00 2,000.00 0.00% Interest Earnings 60,501.00 60,000.00 40,000.00 -33.33% Miscellaneous Revenues 2,752.00 15,000.00 15,000.00 0.00% Refunds & Reimbursements 43,659.00 4,000.00 4,000.00 0.00% Other Financing Sources 9,611.00 0.00 99,500.00 Total Revenues 2,479,372.00 2,441,600.00 2,604,320.00 6.66% Expenditures: Current General Government Mayor and Council 32,043.00 35,000.00 35,000.00 0.00% Elections 7,000.00 0.00% Planning & Zoning 19,166.00 10,000.00 7,500.00 -25.00% Administration 356,098.00 403,000.00 422,760.00 4.90% Financial Administration 14,546.00 13,500.00 15,000.00 11.11% Assessing 18,165.00 19,500.00 17,000.00 -12.82% legal 101,142.00 70,000.00 75,000.00 7.14% City Hall 25,149.00 40,000.00 40,000.00 0.00% Total General Government 566,309.00 598,000.00 612,260.00 2.38% Public Safety Police Protection 649,744.00 704,000.00 751,032.00 6.68% Fire Protection 236,050.00 202,000.00 237,000.00 17.33% Building Inspection 144,480.00 160,000.00 168,075.00 5.05% Electrical Inspection 6,541.00 7,000.00 7,000.00 0.00% Civil Defense 892.00 3,400.00 1,500.00 -55.88% Animal Control 928.00 2,000.00 1,500.00 -25.00% Other Protective Services 924.00 2,100.00 600.00 0.00% Total Public Safety 1,039,559.00 1,080,500.00 1,166,707.00 7.98% Public Works Public Works 128,880.00 180,000.00 175,418.00 -2.55% Engineering Services 23,941.00 20,000.00 12,000.00 -40.00% Recycling 20,708.00 6,000.00 6,500.00 8.33% Streets 107,057.00 83,000.00 40,500.00 -51.20% Street Lighting 0.00 32,000.00 35,000.00 9.38% Total Public Works 280,586.00 321,000.00 269,418.00 -16.07% Culture and Recreation ParklRec. Committee 1,594.00 4,000.00 4,000.00 0.00% ParklRec. Programs 10,424.00 16,000.00 8,500.00 -46.88% Park Maintenance 72,601.00 68,000.00 70,535.00 3.73% Total Culture and Recreation 84,619.00 88,000.00 83,035.00 -5.64% Economic Development Economic Development - EDA 28,632.00 6,500.00 14,000.00 115.38% Frozen Fete Des Lacs Business Directory 0.00 EDA - Business Promotion 3,000.00 0.00% EDA - Miscellaneous 0.00 1,500.00 2,000.00 33.33% Anoka County Partners 0.00 2,000.00 -100.00% Tax Abatement 12,000.00 Total Economic Development 28,632.00 6,500.00 14,000.00 115.38% Unallocated City Summer Festival 29,885.00 20,000.00 24,000.00 20.00% Total Miscellaneous 29,885.00 20,000.00 24,000.00 20.00% Total Current Expenditures 2,029,590.00 2,114,000.00 2,169,420.00 2.62% Capital Outlay General Government 0.00 23,000.00 2,000.00 -91.30% Public Safety 0.00 Streets and Highways 372,153.00 100,000.00 -100.00% Culture and Recreation 0.00 25,000.00 Total Capital Outlay 372,153.00 123,000.00 27,000.00 -78.05% TOTAL EXPENDITURES 2,401,743.00 2,237,000.00 2,196,420.00 -1.81% EXCESS (DEFICIT) OF REVENUES 77,629.00 204,600.00 407,900.00 OVER EXPENDITURES 2,604,320.00 OTHER FINANCING SOURCES (USES) Operating Transfer In 0.00 0.00 0.00 . Operating Transfer Out (205,800.00) (204,600.00) (407,900.00) GO Assessment 2000 (400.00) (400.00) 0.00 GO Improvement 2004B (102,000.00) (102,000.00) (102,000.00) Joint Police Station Lease (78,400.00) (77,200.00) (77,400.00) Hidden Spring Park Loan (25,000.00) (25,000.00) (25,000.00) GO Improvement 2007 A (178,500.00) Street Reconstruction Reserve (25,000.00) TOTAL OTHER FINANCING (205,800.00) (204,600.00) (407,900.00) 99.36% SOURCES (USES) TOTAL EXPENDITURES AND OTHER USES 2,607,543.00 2,441,600.00 2,604,320.00 6.66% EXCESS (DEFICIENCY) OF (128,171.00) 0.00 0.00 REVENUE AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES PREPARED BY: JOHN MEYER, FINANCE DIRECTOR 0000000 NOOOOOO (X)00101001O O)C'f'iciciC'f'icD~a) o '0:1" N (X) ('I) CO COO) 00 ..... ..... NN 000000 000000 0)00000 ~l()cDcicir-:a) 0"'" '0:1" CO '0:1"............ NO) ..... ..... ..... ('1)'0:1"100)00..... NNIONO)'O:I"..... 0)....... (X) 10 IO.....CO ....... ('I). ~ ci ........ CO. 0). a) 0..... 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