HomeMy WebLinkAboutResolution No. 2012-177 Setting 2013 Tax Levy & Adopting 2013 Operating Budget O le t�
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RESOLUTION NO. 2012-177
RESOLUTION ADOPTING THE BUDGET FOR
THE CITY OF EDINA FOR THE YEAR 2013, AND
ESTABLISHING TAX LEVY FOR YEAR 2013, PAYABLE IN 2013
THE CITY COUNCIL OF THE CITY OF EDINA MINNESOTA DOES RESOLVE AS FOLLOWS:
Section 1: The Budgets for all Governmental Funds for the City of Edina for the calendar year
2013 is hereby adopted as after this set forth, and funds are hereby appropriated therefore:
2013 Governmental Fund Budgets
Braemar Ped& Debt
General HRA CDBG Police SR Memorial Cycle Safety Service Construction
Fund Fund Fund Fund Fund Fund Fund Fund Total
REVENUES AND OTHER
FINANCING SOURCES
Property tax levy $21,824,894 $ $ $ $ $ $ 3,930,418 $ 992,072 $26,747,384
Reductions (113,000) - - - - - - - (113,000)
Net tax revenue 21,711,894 3,930,418 992,072 26,634,384
Tax increments - 3,990,000 - - - - - - 3,990,000
Special assessments - - 2,072,269 1,652,039 3,724,308
Franchise fees 730,000 800,000 - - 1,530,000
Licenses and permits 2,866,814 - - - - - - 25,000 2,891,814
Intergovernmental 760,000 145,365 104,760 1,090,000 2,100,125
Charges for services 3,277,248 - - 50,000 3,327,248
Fines and forfeitures 1,034,000 57,821 - 1,091,821
Investment income - 169,000 600 300 30,000 110,700 310,600
Other revenue 655,000 - - - - - 655,000
Transfers 765,100 559,350 3,250,000 4,574,450
Debt issued - - - - - - - 4,251,000 4,251,000
Other financing sources - - - - 3,000 - - 200,000 203,000
TOTAL REVENUES AND OTHER
FINANCING SOURCES $31,800,056 $ 4,159,000 $ 145,365 $ 163,181 $ 3,300 1 800,000 L6,592,037 $11,620,811 $55,283,750
EXPENDITURES AND OTHER
FINANCING USES-BY FUNCTION
General govemment $ 5,703,900 $ 820,256 $ 145,365 $ - $ - $ - $ - $ 381,000 $ 7,050,521
Public works 6,753,475 200,000 - 800,000 10,645,254 18,398,729
Public safety 15,361,169 - 243,654 - 906,916 16,511,739
Parks&recreation 3,981,512 - 100,000 700,000 4,781,512
Debt service - - - 6,670,685 - 6,670,685
Transfers - 3,559,350 644,400 4,203,750
TOTAL EXPENDITURES AND
OTHER FINANCING USES $31,800,056 $ 4,579,606 $ 145,365 $ 243,654 $ 100,000 $ 800,000 $ 6,670,685 $13,277,570 $57,616,936
EXPENDITURES AND OTHER
FINANCING USES-BY TYPE
Personal services $22,427,600 $ 109,256 $ - $ - $ - $ - $ - $ 90,315 $22,627,171
Contractual services 4,346,367 711,000 145,365 85,574 25,000 208,281 5,521,587
Commodities 1,682,529 - - 18,655 - - 25,000 1,726,184
Central services 3,343,560 - 80,004 1,404 3,424,968
Equipment - - - - - - - 1,409,170 1,409,170
Capital outlay 200,000 139,425 75,000 719,996 - 10,899,000 12,033,421
Debt service - - - - 6,670,685 - 6,670,685
Transfers 3,559,350 644,400 4,203,750
TOTAL EXPENDITURES AND
OTH ER F I NA NCI NG US ES $31,800,056 $ 4,579,606 $ 145,365 $ 243,654 $ 100,000 $ 800,000 $ 6,670,685 $13,277,570 $57,616,936
CHANGE IN FUND BALANCE $ - $ (420,606) $ - $ (80,473) $ (96,700) $ - $ (78,648) $(1,656,759) $(2,333,186)
CITY OF EDINA
4801 West 50th Street.Edina,Minnesota 55424
www.EdinaMN.gov•952-927-8861 • Fax 952-826-0390
Section 2: The Budgets for all Enterprise Funds for the City of Edina for the calendar year
2013 is hereby adopted as after this set forth, and funds are hereby appropriated therefore:
• 2013 Enterprise Fund Budgets
Aquatic Golf Art
Utilities Liquor Center Course Arena Center Edinborough Centennial
Fund Fund Fund Fund Fund Fund Fund Fund Total
REVENUES AND
TRANSFERSIN
Operating revenues $16,819,093 $13,600,099 $ 944,000 $ 3,745,050 $ 1,630,400 $ 454,500 $ 1,239,700 $ 758,000 $39,190,842
Intergovernmental 110,000 - - - - - - 110,000
38,50
Investment income 98,000 - 33,250 0 169,750
Other revenue - - - 15,000 - - 15,000
Transfers - - 270,000 330,000 202,800 266,600 - 1,069,400
TOTAL REVENUES AND
TRANSFERS IN $17,027,093 $13,600,099 $ 944,000 $ 4,015,050 $ 1,960,400 $ 672,300 $ 1,539,550 $ 796,500 $40,554,992
EXPENSES AND TRANSFERS
OUT-BY FUNCTION
Utilities $13,804,880 $ - $ $ $ $ $ $ $13,804,880
Liquor 12,139,472 12,139,472
Aquatic center - 930,209 930,209
Golf course - 3,726,719 3,726,719
Community activity centers - - - 2,102,277 709,888 1,557,280 957,319 5,326,764
Transfers 100,000 1,340,100 - - - - - - 1,440,100
TOTAL EXPENSES AND
TRANSFERS OUT $13,904,880 $13,479,572'$ 930,209 $ 3,726,719 $ 2,102,277 $ 709,888 '$ 1,557,280 $ 957,319 $37,368,144
EXPENSES AND TRANSFERS
OUT-BY TYPE
COGS $ - $ 9,836,831 $ 39,200 $ 356,800 $ 76,500 $ 22,000 $ 105,000 $ 17,000 $10,453,331
Personal services 1,631,949 1,407,064 359,223 1,838,829 814,397 431,070 713,484 588,069 7,784,085
Contractualsenices 7,092,706 494,108 138,400 597,750 579,650 136,750 319,000 140,650 9,499,016
Commodities 1,056,250 65,525 113,050 383,900 87,750 57,000 187,700 102,400 2,053,575
Central services 630,348 215,484 19,236 141,840 42,660 40,068 57,096 52,200 1,198,932
Depreciation 2,600,000 120,460 250,000 404,500 420,000 23,000 175,000 57,000 4,049,960
Interest 793,625 - 11,100 3,100 81,320 - - - 889,145
• Transfers 100,000 1,340,100 - - - - - 1,440,100
TOTAL EXPENSES AND
TRANSFERS OUT $13,904,880 $13,479,572 $ 930,209 $ 3,726,719 $ 2,102,277 $ 709,888 $ 1,557,280 $ 957,319 $37,368,144
CHANGE IN NET ASSETS $ 3,122,213 $ 120,527 $ 13,791 $ 288,331 $ (141,877) $ (37,588) $ (17,730) L(160,819) $ 3,186,848
Section 3. That there is proposed to be levied upon all taxable real and personal property in the
City of Edina a tax rate sufficient to produce the amounts hereinafter set forth:
GENERAL FUND $ 21,824,894
CONSTRUCTION FUND-EQUIPMENT LEVY $ 992,072
LEVY FOR PAYMENT OF CIP PLAN BONDS - SERIES $ 939,850
2010A
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT $ 406,444
BONDS - SERIES 2005A
LEVY FOR PAYMENT OF CIP PLAN BONDS - SERIES $ 431,544
2007A
LEVY FOR PAYMENT OF PUBLIC WORKS FACILITY $ 1,536,743
DEBT
TOTAL LEVY $ 26,131,547
Section 4. That there is proposed to be levied upon all taxable real and personal property in the
City of Edina, a tax rate sufficient to produce the amount below for the debt levy of the market
value based referendum levy and canceling the portion of the levy not required to produce the
following amount:
• GO PARK AND RECREATION BONDS SERIES 199613/2005A $ 615,837.00
Passed and ;ndted by the C ty Council on December 18, 2Q1/2.
ATTEST:
Debra A. Mangen, City CI r -- mes B. oviand, Mayor
STATE OF MINNESOTA )
COUNTY OF HENNEPIN )SS
CITY OF EDINA )
CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify
that the attached and foregoing Resolution was duly adopted by the Edina City Council at its
Regular Meeting of December 18, 2012, and as recorded in the Minutes of said Regular
Meeting.
WITNESS my hand and seal of said City this day of 20_
City Clerk