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HomeMy WebLinkAbout2010-09-01 PACKET 08.A.REQUEST OF CITY COUNCIL ACTION COUNCIL AGENDA MEETING ITEM # DATE 9/1/10 oQ I u :10 =I V�71'il m gnemf - .. . COUNCIL ACTION REQUEST Consider the 2011 preliminary tax levy and proposed budget. STAFF RECOMMENDATION 1) Adopt a resolution setting the Preliminary 2010 Tax Levy collectible in 2011. and 2) Adopt a resolution setting the Proposed 2011 City Budget Yl1919TZ AINWOTTWOW BUDGETED AMOUNT ACTUAL AMOUNT ADVISORY COMMISSION ACTION DATE REVIEWED APPROVED DENIED ❑ PLANNING ❑ ❑ ❑ ❑ PUBLIC SAFETY ❑ ❑ ❑ ❑ PUBLIC WORKS ❑ ❑ ❑ ❑ PARKS AND RECREATION ❑ ❑ ❑ ❑ HUMAN SERVICES /RIGHTS ❑ ❑ ❑ ❑ ECONOMIC DEV. AUTHORITY ❑ ❑ ❑ ❑ ❑ ❑ ❑ SUPPORTING DOCUMENTS ® MEMO /LETTER: Roland 8/26/10 ® RESOLUTION: (2) ❑ ORDINANCE: ❑ ENGINEERING RECOMMENDATION: ❑ LEGAL RECOMMENDATION: ❑ OTHER: ADMINISTRATORS COMMENTS City Administrator Date COUNCIL ACTION TAKEN: APPROVED ❑ DENIED ❑ OTHER HACouncil items \City Council Action Form.doc City of • .•- Grove Finance Department TO: FROM: DATE: RE: Honorable Mayor and City Council Ryan Schroeder, City Administrator Robin Roland, Finance Director August 26, 2010 Adoption of Preliminary Budget and Property Tax Levy for Taxes Payable in 2011 Introduction The City is required to adopt a preliminary levy each year by September 15 the original budget calendar included plans to adopt the preliminary levy at the regular council meeting on September V This preliminary levy will be used by Washington County to prepare the notices of estimated property taxes that are mailed to property owners in November. The preliminary levy may not be increased but can be reduced prior to December 28 when the final levy is required to be adopted. This is the third budget cycle we have used a two year budget format. It will serve as a plan for 2012 and next year 2012 can be fine tuned and 2013 added. This two year format proved of significant benefit in the compilation of the proposed budget at hand since the majority of the work for 2011 was done last year in preparation of the 2010 -2011 budgets. Staff believes the preliminary 2011 tax levy will result in the two goals stated by the City Council at their Budget goals workshop on May 5, 2010: that the City taxes paid by the owner of an "average" property would be no more in 2011 than in 2010 and that the City's tax extension rate would continue to be at the "mean" tax extension rate of the 36 cities to whom we compare ourselves. Over the past month the City Council and staff have been meeting to discuss the 2011 and 2012 budgets. Although there remain outstanding issues to be resolved with the 2012 budget, the proposed 2011 budget is balanced and addresses the necessary tax levy required for operations. Property Tax Levy Summary The preliminary levy proposed includes a total increase of 0.71 %, or approximately $86,250. General Levies General Fund Adopted Amended Adopted 1 Proposed 1 Proposed 1 2008 2009 2010 2011 2012 $ 9,620,000 $ 10,338,000 $ 10,213,300 $ 10,345,100 $ 10,358,800 MVHC unallotment 584,000 584,000 584,000 Park shelter replacement /Landscape initiative 100,000 20,000 Future Public Safety /City Hall 450,000 20,000 Economic development 106,000 119,000 106,000 106,000 106,000 Grey Cloud Bridge 7,300 Debt reduction 20,400 20,400 Future Pavement Mgmt 80,000 80,000 Ice Arena 230,000 Total levy subject to limit 10,513,700 10,657,400 10,903,300 11,035,100 11,088,800 Debt Levies EDA public project 275,800 140,000 Ice Arena expansion bonds 240,000 240,000 240,000 240,000 Debt service mitigation 407,000 127,500 346,400 Public Safety /City Hall building bonds 670,400 Pavement Mgmt 2008 290,000 180,000 175,050 175,660 Pavement Mgmt 1998 225,100 215,300 Pavement Mgmt 2000 18,300 19,200 29,306 41,000 43,200 Pavement Mgmt 2002c 202,400 274,200 334,894 403,700 Pavement Mgmt 2003b 236,500 234,500 232,300 Pavement Mgmt 2002b 305,200 248,400 235,200 Total debt levy 1,670,300 1,789,100 1,251,700 1,206,150 1,129,260 Total Gross levy 12,184,000 12,446,500 12,155,000 12,241,250 12,218,060 Change in Gross levy 3.06% 2.15% -2.34% 0.71% -0.19% Preliminary Tax Rates Based on estimated taxable property tax values and the levy amounts presented the tax extension rate will increase approximately 10.3% to 38.9 %. We have not received updated tax capacity numbers from the County. This tax rate is based on conservative estimates of tax capacity numbers from the County and the resulting tax rate may vary. Staff hopes to have updated tax capacity values just prior to the Council meeting September 1 St and will incorporate those values into the preliminary levy /budget presentation at the meeting. Tax Extension Rates 50.00 45.00 47.52 43. 37.93 _ 40.00 - 42.08 9 35.19 35.00 - - -- 39.17 34. a40- I 30.00 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Tax Payable Year The 38.9% tax rate will result in tax dollars paid (exclusive of MVHC) of $721 to the City of Cottage Grove for a home valued at $205,600 for 2010 that experiences a 10% decline in 2011 taxable market value. Pay 2009 Pay 2010 Pay 2011 2011 Operating Budgets TMV Gross City Tax paid $221,600 $768 205,600 727 184,834 721 General Fund Currently the attached general fund budget is in a "balanced state" - revenues equal expenses. Items of note included in the General Fund Budget. • Council Contingency -the preliminary budget includes an expenditure line item for council contingency of $55,000 for 2011 and 2012. • State Aids (Local Government Aid) — The levy and the preliminary budget reflects no Local Government Aid or Market Value Homestead Credit (MVHC). As in 2010, the City had to levy for the MVHC aid so that it could be unallotted (retained by the state). • Cost of Living Increases — T he cost of living increase is 2% for 2011 and 2012. • Admin Charge to Enterprise Funds — The admin charge to the enterprise funds (water, sewer, storm water and street light utilities) was not increased for 2011 or 2012; it totals $495,600 in the general fund. • Charges for services — both 2011 and 2012 reflect a $100,000 reduction in engineering, administration and financing fees collected on developments due to the lack of anticipated development activity. • Investment earnings— Investment earnings have been calculated at 1.5% for 2011 and 2012. • PERA Changes budget amounts include an addition for the increase in the PERA rates for 2011. Based on adopted legislation the PERA rate went from 7.0% to 7.25% for Coordinated members and the rate for Police & Fire went from 14.1% to 14.4 %. The history of these mandated increases are detailed below: Table of PERA Employer Contribution Rates effective date Coordinated Plan Police & Fire 1/1/2006 6.00% 10.50% 1/1/2007 6.25% 11.70% 1/1/2008 6.50% 12.90% 1/1/2009 6.75% 14.10% 1/112010 7.00% 14.10% 1/1/2011 7.25% 14.40% • Police Officer / Paramedic Allocation- The allocation of the Police Officer /Paramedic time to the ambulance fund remains at 12 %. A shift started in 2006 to more accurately reflect actual time spent on EMS calls over a straight allocation method used in years prior. The 12% allocation represents an approximation of the officer time spent on EMS calls according to the department. • Fuel Allocation- The 2011 budget includes an assumption of $3.05 per gallon for gasoline and diesel. This represents an increase from $2.80 in the 2010 budget amounts. Special Revenue Funds Equipment Replacement Fund The budget includes a five year equipment replacement plan totaling $4.1 Million, along with the funding source. A summary list of purchases by year is included totaling $551,100 for 2011 and $635,500 for 2012. The 2011 equipment purchases include: Four (4) marked squads (Police) Specialty vehicle (CSO) (Police) Hybrid sedan (Inspections) Pumper Truck: first half — balance in 2012 (Fire) 16 foot rotary mower (Parks) Bucket Truck (Street Light Utility) Seal Coating Fund After the Franchise fee increase in 2010 and the switch to a seven year program, expenditures in this fund increase by 4% in 2011 and an additional 8.7% in 2012. Ice Arena Staff is requesting that a portion of current year income be designated for future equipment replacement. $10,000 is being designated in 2011 and 2012 for this purpose. Charitable Gambling Fund The budget includes budget appropriations of $5,000 to the Fireworks display. Celebration Fund No activity is included in this fund for either 2011 or 2012 Forfeiture Fund The expenditures include purchase of new POSS scheduling software for the police department and a $25,000 payment for the squad camera loan repayment to the Equipment Replacement Fund. Recycling The revenue is the recycling grant amount expected to be received from Washington County. Expenditures include purchase of shelving and promotional display in 2011. EDA and Economic Development Trust Funds The EDA property levy remains at the 2010 levy amount of $106,000. Utility and Enterprise Funds No rate increases are currently proposed for any of the utility funds in 2011 and 2012. Storm Water Utility Fund The rates remain at the level of $48 per residential customer for 2011 and are consistent with the storm water utility plan presented in 2008 which included scaled back storm water utility projects to match the revenue source. Water Fund The 2011 capital outlay includes design development for Well #12 and painting the 1 MG tank. The fund is projected to have a net income of $359,485 in 2011. Sewer Fund The largest expenditure increase anticipated is the Met Council sewer services charge (6.7 %). The 2011 capital outlay includes sewer access trails of $25,500. The fund is projected to have a net loss of $289,145. Street Light Fund The rates decreased in 2010 to help mitigate the increases in the franchise fee. There is a small projected net loss in the fund of $38,520 in 2011. Other Enterprise Funds Golf Course Fund Despite fund revenues in both 2011 and 2012 reflecting a preliminary assumption of $65,000 "additional revenue ", this fund breaks even in 2011 and loses $28,150 in 2012. Discussions should continue about goals for and strategies to handle this operation. Ambulance Fund The budgeted revenue includes an increase of 8% in the rates. The fund is projected to have a loss of close to $100,000 each year in 2011 and 2012. Rates would have to increase by 25% for the fund to break even. Population and call trends indicate more than 68% Medicaid and Medicare. Recap of fees and taxes. Based on a $184,834 average (2011) value home charged for 9,000 gallons of water and 5,000 units of sanitary sewer in a month would pay on a monthly basis approximately $100 in property taxes, franchise fees and utility charges per month. Property Taxes (city Portion only) Franchise Fees Water Charge Sewer Charge Streetlight Fee w /maintenance Stormwater Fee Per Month 2010 2011 % increase $ 60.58 $ 60.08 -0.8% 3.30 3.30 0.0% 13.20 13.20 0.0% 16.65 16.65 0.0% 3.30 3.30 0.0% 4.00 4.00 0.0% $ 101.03 $ 100.53 -0.5% Remaining Schedule After the preliminary levy and budget is adopted City staff will certify these amounts to the County and the County will prepare the notices to be sent to individual property owners in November. The notices will identify the proposed taxes paid by each property owner based on the property's classification. In addition, the notice will identify the meeting date in December when public comment on the levy and the budget will be taken. Action Requested Adopt the attached resolutions • Resolution adopting the proposed 2010 tax levy collectible in 2011 • Resolution adopting a proposed 2011 budget for the City of Cottage Grove. RESOLUTION NO. 10- ADOPT RESOLUTION ADOPTING THE PROPOSED 2010 TAX LEVY COLLECTIBLE IN 2011 NOW THEREFORE BE IT RESOLVED, the City Council of the City of Cottage Grove, County of Washington, State of Minnesota, that the following amounts are the proposed to be levied for the current year, collectible in 2011, upon the taxable property in the City of Cottage Grove for the following purposes: General Levy General Fund $ 10,345,100 MVHC unallotment 584,000 Economic Development 106,000 Subtotal General Levy 11,035,100 Debt Levies Ice Arena Expansion 240,000 Pavement Management - 08 175,050 Pavement Mgmt — 02 Refunding ( 95/96) 403,700 Pavement Management — 00 41,000 Pavement Management — 02 173,200 Pavement Management — 03 173,200 Subtotal Debt Levy 1,206,150 Total Property Tax Levy $ 12,241,250 Passed this 1st day of September 2010. Myron Bailey, Mayor Attest: Caron Stransky, City Clerk a r ADOPT RESOLUTION ADOPTING A PROPOSED 2011 BUDGET FOR THE CITY OF COTTAGE GROVE WHEREAS, The City of Cottage Grove provides a variety of services to the residents of Cottage Grove; and WHEREAS, the funds to provide services are reviewed and appropriated by the City Council at public hearings, and WHEREAS, it is necessary to generate sufficient revenues to meet the financial obligations, and WHEREAS, existing law requires certification of the proposed budget to the County Auditor by September 15, 2010. NOW THEREFORE BE IT RESOLVED, the City Council of the City of Cottage Grove, County of Washington, State of Minnesota, hereby certifies the proposed 2011 budget, and, BE IT FURTHER RESOLVED, the Finance Director is hereby instructed to transmit a certified copy of this resolution to the County Auditor of Washington County, Minnesota by September 15, 2010, Community Celebration Fund Expenditure or Expense and Transfers Out $ 13,177,301 50,000 634,000 361,100 5,000 59,400 56,500 1,099,900 130,700 430,000 Revenues and Transfers In General Fund $ 13,177,301 Park shelter /playground equipment - Sealcoating 533,100 Equipment Replacement 346,715 Charitable Gambling 5,000 Recycling 52,400 Forfeiture 51,000 Ice Arena 1,114, 500 Economic Development Authority 205,800 EDA Trust Fund 77,000 Community Celebration Fund Expenditure or Expense and Transfers Out $ 13,177,301 50,000 634,000 361,100 5,000 59,400 56,500 1,099,900 130,700 430,000 Attest: Caron Stransky, City Clerk Expenditure or Revenues and Expense and Transfers In Transfers Out Water Operating 2,561,500 2,202,015 Sewer Operating 2,321,600 2,622,545 Ambulance 1,121,900 1,211,155 Storm Water Utility 631,200 660,445 Street Lighting 607,975 646,495 River Oaks Golf 1,653,300 1,646,350 Self Insurance 1,577,800 1,697,585 Fleet Service 1,000,300 965,150 $ 26,821,170 $ 27,384,040 Passed this 1 st day of September 2010. Myron Bailey, Mayor Attest: Caron Stransky, City Clerk