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CITY OF EDINA <br />2012 & 2013 BUDGET ALTERNATIVES <br />ALTERNATE 1: Reduce General Fund levy by $111,556 in 2012 and $158,000 in 2013 to close gap between revenues and expenditures. <br />ALTERNATE 2: Assume 1 % COLA increase for salaries for 2012 where contracts are not already signed. <br />ALTERNATE 3: Same as Alternate 1 PLUS use an additional $300,000 of surplus to buy down 2012 levy. Recodification, HRIS & Compensation projects are not funded. <br />NOTE 1: Tax capacity levies include the general fund, city hall, equipment, gymnasium, fire station <br />and public works levies. The Park Bond Market Value Referendum levy is a market value <br />levy, and is excluded from this calculation, which results in different values. <br />G:\BudgetX2012 BudgetXMeeting materials \12 15 2011 Special Meeting \Levy altematives.xlsx 12/14/2011 <br />Actual <br />Proposed <br />Alternate 1 <br />Alternate 2 <br />Alternate 3 <br />2010 <br />2011 <br />2012 <br />2013 <br />2012 <br />2013 <br />2012 <br />2013 <br />2012 <br />2013 <br />General Fund Levies <br />General Operating Levy <br />$20,737,472 <br />$21,004,000 <br />$21,604,402 <br />$21,989,994 <br />$21,492,846 <br />$21,831,994 <br />$21,473,307 <br />$21,858,899 <br />$21,192,846 <br />$21,831,994 <br />General Fund Subtotal <br />20,737,472 <br />21,004,000 <br />21,604,402 <br />21,989,994 <br />21,492,846 <br />21,831,994 <br />21,473,307 <br />21,858,899 <br />21,192,846 <br />21,831,994 <br />Debt Service Fund Levies <br />City Hall Debt Service <br />1,039,561 <br />949,850 <br />950,800 <br />949,850 <br />950,800 <br />949,850 <br />950,800 <br />949,850 <br />950,800 <br />949,850 <br />Equipment Certificates <br />164,010 <br />164,010 <br />67,500 <br />- <br />67,500 <br />- <br />67,500 <br />- <br />67,500 <br />- <br />Gymnasium Debt Service <br />381,793 <br />396,444 <br />411,644 <br />396,444 <br />411,644 <br />396,444 <br />411,644 <br />396,444 <br />411,644 <br />396,444 <br />Fire Station Debt Service <br />454,591 <br />431,544 <br />432,744 <br />431,544 <br />432,744 <br />431,544 <br />432,744 <br />431,544 <br />432,744 <br />431,544 <br />Public Works Facility Debt Service <br />1,172,802 <br />1,232,460 <br />1,178,202 <br />1,536,743 <br />1,178,202 <br />1,536,743 <br />1,178,202 <br />1,536,743 <br />1,178,202 <br />1,536,743 <br />Park Bond Market Value Levy <br />602,250 <br />615,837 <br />610,862 <br />615,837 <br />610,862 <br />615,837 <br />610,862 <br />615,837 <br />610,862 <br />615,837 <br />Debt Service Fund Subtotal <br />3,815,007 <br />3,790,145 <br />3,651,752 <br />3,930,418 <br />3,651,752 <br />3,930,418 <br />3,651,752 <br />3,930,418 <br />3,651,752 <br />3,930,418 <br />Construction Fund Levies <br />Equipment Levy <br />940,494 <br />992,072 <br />992,072 <br />992,072 <br />992,072 <br />992,072 <br />992,072 <br />992,072 <br />992,072 <br />992,072 <br />Construction Fund Subtotal <br />940,494 <br />992,072 <br />992,072 <br />992,072 <br />992,072 <br />992,072 <br />992,072 <br />992,072 <br />992,072 <br />992,072 <br />Total Property Tax Levy <br />$ 25,492,973 <br />$ 25,786,217 <br />$ 26,248,226 <br />$ 26,912,484 <br />$ 26,136,670 <br />$ 26,754,484 <br />$ 26,117,131 <br />$ 26,781,389 <br />$ 25,836,670 <br />$ 26,754,484 <br />General + Equipment Levy Increase <br />2.24% <br />1.47% <br />2.73% <br />1.71% <br />2.22% <br />1.51% <br />2.13% <br />1.72% <br />0.82% <br />2.88% <br />Debt Levy Increase (Decrease) <br />29.27% <br />-0.65% <br />-3.65% <br />7.63% <br />-3.65% <br />7.63% <br />- 3.65% <br />7.63% <br />- 3.65% <br />7.63% <br />Total Property Tax Levy Increase <br />5.54% <br />1.15% <br />1.79% <br />2.531/6 <br />1.36% <br />O <br />2.369/6 <br />1.28% <br />O <br />2.549/6 <br />0.209/6 <br />3.55% <br />Tax Capacity Levy Increase NOTEI <br />5.68% <br />1.12% <br />1.86% <br />2.57% <br />1.41% <br />2.40% <br />1.33% <br />2.58% <br />0.22% <br />3.62% <br />2012 City Taxes on Median Single Family Home <br />$ 1,039 <br />$ 1,067 <br />$ 1,063 <br />$ 1,062 <br />$ 1,050 <br />$ Change From 2011 Taxes <br />$ 28 <br />$ 24 <br />$ 23 <br />$ 11 <br />ALTERNATE 1: Reduce General Fund levy by $111,556 in 2012 and $158,000 in 2013 to close gap between revenues and expenditures. <br />ALTERNATE 2: Assume 1 % COLA increase for salaries for 2012 where contracts are not already signed. <br />ALTERNATE 3: Same as Alternate 1 PLUS use an additional $300,000 of surplus to buy down 2012 levy. Recodification, HRIS & Compensation projects are not funded. <br />NOTE 1: Tax capacity levies include the general fund, city hall, equipment, gymnasium, fire station <br />and public works levies. The Park Bond Market Value Referendum levy is a market value <br />levy, and is excluded from this calculation, which results in different values. <br />G:\BudgetX2012 BudgetXMeeting materials \12 15 2011 Special Meeting \Levy altematives.xlsx 12/14/2011 <br />