HomeMy WebLinkAbout2015-07-21 WSTues
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AGENDA
CITY COUNCILWORK SESSION
CITY OF EDINA, MINNESOTA
COMMUNITY ROOM
TUESDAY, JULY 21, 2015
5:30 P.M.
CALL TO ORDER
II. ROLL CALL
111. BUSINESS MEETING
IV. 2016-2017 PROPOSED BUDGET
V. ADJOURNMENT
The City of Edina wants all residents to be comfortable being part of the public process. If you need assistance
in the way of hearing amplification, an interpreter, large -print documents or something else, please call 952-
927-8861 72 hours in advance of the meeting.
SCHEDULE OF UPCOMING MEETINGS/DATES/EVENTS
July 21
Work Session — Business Meeting
5:30 P.M.
COMMUNITY ROOM
2016-2017 Proposed Budget
5:45 P.M.
COMMUNITY ROOM
July 21
Regular Meeting
7:00 P.M.
COUNCIL CHAMBERS
Aug 4
Night To Unite
Aug 5
Work Session — France Avenue Working Group Update
5:00 P.M
COMMUNITY ROOM
Grandview Update
6:00 P.M.
COMMUNITY ROOM
Aug 5
Regular Meeting
7:00 P.M.
COUNCIL CHAMBERS
Aug 18
Work Session — Promenade Phase 5
5:30 P.M.
COMMUNITY ROOM
Aug 18
LABOR DAY HOLIDAY OBSERVED — City Hall Closed
Sep 8
Work Session — Heritage Preservation Board
5:00 P.M.
COMMUNITY ROOM
Human Rights & Relations Commission
6:00 P.M.
COMMUNITY ROOM
Sep 8
Regular Meeting
7:00 P.M.
COUNCIL CHAMBERS
Sep 16
Work Session — Arts & Culture Commission
6:00 P.M.
COMMUNITY ROOM
Sep 16
Regular Meeting
7:00 P.M.
COUNCIL CHAMBERS
Oct 6
Work Session — Boards & Commission Annual Work Plans
5:00 P.M.
COMMUNITY ROOM
Oct 6
Regular Meeting
7:00 P.M.
COUNCIL CHAMBERS
Oct 20
Work Session — Business Meeting
5:30 P.M.
COMMUNITY ROOM
Oct 20
Regular Meeting
7:00 P.M.
COUNCIL CHAMBERS
•
To: MAYOR AND CITY COUNCIL
From: Eric Roggeman, Finance Director
Date: July 21, 2015
Subject: Business Meeting
Action Requested:
This item is for discussion only.
it
0
Agenda Item #: WS. III.
Action ❑
Discussion
Information ❑
Information / Background:
In 2007, the City started a quarterly review process for general fund financials called Quarterly Update.
Quarterly Update is a two-page written summary of finances and notable transactions in the general fund.
• In 2012, the City added quarterly business meetings held on the second work session after every calendar
quarter end. At quarterly business meetings staff presents to Council finances and notable transactions in
the general fund and all the enterprise funds. In some quarters, financial data is not ready in time to be
included in Council packets prior to the meeting.
This quarter the financial data is ready and is attached for your review.
Attachments:
Business Meeting presentations slides
General Fund Quarterly Update
City of Edina • 4801 W. 50th St. • Edina, MN 55424
7/15/2015
The CITY of
EDINA
2015 General Fund =�.
�.�
Revenue
• 2015 YTD = $17.1M vs. $16M in 2014.(7.2% increase)
• 50% of budget, compared to 48% in 2014
• 2010-2014 average rate is 47.4%
Expenditures
• 2015 YTD = $16.2M vs. $15.8M in 2014.(2.5% increase)
• 46.4% of budget, compared to 46.5% in 2014.
• 2010-2014 average rate is 46.9%
Key Metric: License & Permit Revenue
• 2015 YTD = $2.5M vs. $2.2M in 2014. (12.6% increase)
• 65% of budget, compared to 67.7% in 2014.
-EdinaMN.gov
1
n
U
11
Utilities Fund
Utilities Fund Operating
Revenue
X2015 Actual —2015 Budget
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
QI Q2 Q3 Q4
w .EdlnaMN.gov
•
Liquor Fund
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Liquor Fund Operating
Revenue
X2015 Actual — 2015 Budget
w .EdinaMN.gov
•
QI Q2 Q3 Q4
K The CITY of
EDINA
Key Metric:Water pumped out
of City wells
• 2015 YTD water pumped = 1.05B
gallons vs. 957M gallons in 2014.
• 20010-2014 average pumping rate was
LOB gallons Jan -June.
e The CITY of
TEDINA
Key Metric: Customer Counts
• 2015YTD customers = 224,620 vs.
239,963 in 2014.
• 20010-2014 average count was
236,521. Based on this figure, 2015
customer numbers are down 5% from
historical averages.
7/15/2015
31
41
2
7/15/2015
e x The CITY of
EDINA
Liquor Fund �.�;
y
Liquor Fund Sales per Customer
■ Gross revenue (sales) per customer
35.00
30.00 28.83 28.25
25.86 26.44 26.22 26.27 26.67 26.33 25.58
24.78
25.00
20.00
15.00
10.00
5.00
2013 2013 2013 2013 2014 2014 2014 2014 2015 2015 2015 2015
QI Q2 Q3 Q4 QI Q2 Q3 Q4 QI Q2 Q3 Q4
w .EdinaMN.gov 5
U
'The CITY of
qLi uor Fund =�` EDINA
Liquor Fund Operating Income
■2010 ■2011 ■2012 ■2013 ■2014 ■2015Actual
600,000
500,000
400,000
300,000
200,000
100,000
QI Q2 Q3 Q4
-.EdinaMN.gov 6
0
3
is
r:
Aquatic Center Fund
Aquatic Center Operating
Revenue
X2015 Actual —2015 Budget
60%
50%
40%
30%
20%
10%
0%
QI Q2 Q3 Q4
w .EdinaMN.gov
•
Golf Course Fund
Golf Course Fund Operating
Revenue
X2015 Actual —2015 Budget
50%
45%
40%
35%
30%
25%
20%
IS%
10%
5%
0%
v .EdinaMN.gov
•
QI Q2 Q3 Q4
The CITY of
EDINA
Key Metric: Season passes sold
• 2015 YTD passes = 3,257 (10,194
people) vs. 3,344 (10,480 people) in
2014.
• 20010-2014 average sales were 3,178.
Note that new POS system in 2012
may distort this comparison slightly.
v��NA..yi
e "y. The CITY of
>J EDINA
Key Metric: Golf rounds played
(Braemar, Executive & Fred
Richards)
• 2015YTD rounds= 32,703 vs. 32,230
in 2014.
• 20010-2014 average rounds were
39,066.
7/15/2015
4
Golf Course Fund
50%
45%
40%
35%
30%
25%
20%
15%
10%
S%
0%
Golf Course Fund Operating
Expense
X2015 Actual —2015 Budget
QI Q2 Q3 Q4
- EdinaMN.gov
Golf Course Fund
Golf Course Fund Operating
Income (Loss)
■ 2010 ■ 2011 ■ 2012 ■ 2013 ■ 2014 0 2015
600,000
400,000
200,000
(200,000)
(400,000)
(600,000)
www.EdinaMN.gov
QI Q2 Q3 Q4
k;;`��`': The CITY of
e EDINA
• Expenses are down even though
revenue is up.
• Operating income improved $322,456
from 2014YTD.
• Revenue pace will be difficult to
maintain for the entire season now
that the range and Braemar Executive
are closed.
The CITY of
EDINA
Y
F
• Expenses are down even though
revenue is up.
• Operating income improved $322,456
from 2014YTD.
• Revenue pace will be difficult to
maintain for the entire season now
that the range and Braemar Executive
are closed.
7/15/2015
•
C7
5
r:
Arena Fund
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Arena Operating Revenue
X2015 Actual —2015 Budget
QI Q2 Q3 Q4
vvvvw.EdinaMN.gov
•
Arena Fund
Braemar Arena Operating
Expense
2015 Actual — 2015 Budget
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
-.EdinaMN.gov
•
QI Q2 Q3 Q4
- ie . f '�:,. The CITY of
EDINA
Key Metric: Ice rental hours
sold
• 2015 hours sold = 2,954 prime &
2,975 nonprime vs. 2,246 prime &
2,647 nonprime in 2014.
• Utilization = 66% in 2015 vs. 67% in
2014.
�l 4,
The CITY of
EDINA
• Expenses have increased about $235K
from 2014YTD.
7/15/2015
X
7/15/2015
e The CITY of
Art Center Fund �.('r
EDINA
Art Center Operating Revenue
X2015 Actual — 2015 Budget
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Q Q2 Q3 Q4
w .EdinaMN.gov 13
Edinborough Park Fund
Edinborough Operating Revenue
X2015 Actual —2015 Budget
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
QI Q2 Q3 Q4
�i�NA..tf
�x The CITY of
l2� EDINA
�'�r�n•n
-.EdinaMN.gov 14
0
7
0
Centennial Lakes Fund
Centennial Lakes Operating Revenue
X 20 15 Actual —2015 Budget
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0°,6
w .EdMaMN.gov
•
QI Q2 Q3 Q4
Sports Dome Fund
Braemar Field Operating Revenue
■ 2015 Actual
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
QI Q2 Q3 Q4
The CITY of
=� EDINA
Wiz=
DANA. �f
g ? The CITY of
=�= EDINA
7/15/2015
w .Edi-MN.gov 16
•
*
CITY OF EDINA, MINNESOTA
Quarterly Financial Update
June 2015
0
General Fund - Revenues
General Fund revenues total $17,131,138 through June 30, 2015. This amount represents
50% of total budgeted revenues for all of 2015, which is higher than 48% a year ago at the
same time.
License and permit revenue increased $279,971 from last year due to increased permit
activity. The City has experienced rapid growth in permit revenue since 2009 of 15%, 13%,
16%, 32% and 9% annually from 2010 through 2014. The pace so far in 2015 is another
12% increase.
We have also received $300,000 of parkland dedication fees through June 30 this year and
another $500,000 already in July.
General Fund — Expenditures
Total General Fund expenditures are 46.4% of budget so far this year, which is the same as
a year ago. With a large percentage of our General Fund budget tied to wages and benefits,
it is common for our expenditures to be very consistent throughout the year, meaning that
most years we use about 25% of our budget every quarter. A breakdown of expenditures by
functional category is below.
General government expenditures are 50% of budget so far this year, which is the same as •
last year. Severance expenditures are high again in 2015, with vacation and sick time
payouts of about $236,000 so far this year, which is similar to last year's pace. Although
these expenditures are higher than budgeted, the excess is paid for by assigned fund
balance that we hold in the general fund for this purpose.
Public safety expenditures are 46.5% of budget for 2015, which is similar to the 2014 rate.
Spending patterns in the Police and Fire Departments seem consistent with expectations at
this point in the year with no notable exceptions.
Public works expenditures total 44% of budget for 2015, which is lower than the 2014 rate of
45%. While slightly below the expected expenditure rate, 44% through six months is
consistent with historical fluctuations in the Public Works Department, which includes the
Parks Maintenance Division since 2014.
Parks and recreation expenditures are 46% of budget in 2015, which is higher than the 2014
rate of 43%. The 46% rate is consistent with expectations for normal spending activity.
Other expenditures increased from the prior year due to timing differences in overall
insurance payments. Finance distributes these insurance expenditures to other departments
through our Central Services function at the end of the year as part of the annual audit
process, and large variances during the year can be common.
is
G:\P&L's\Quarterly Financial Update\2015\Quarterly Update.docx
0
•
n
CITY OF EDINA, MINNESOTA
Quarterly Financial Update
June 2015
Expenditures:
General Fund
Statement of Revenue,
Expenditures and Changes in
Fund Balance -
Budget and Actual
769,242
79,949
For the six
months ended June 30, 2015
516,464
(524,210)
506,493
9,971
2015
'
2014
(257,783)
221,624
16,230
Severance
Over/
235,988'
Increase/
246,272
Budget
Actual
(Under)
Actual
(Decrease)
Revenues:
(23,516)
Community development
1,612,160
732,124
(880,036)
Property taxes (1) $
22,810,958
$ 11,482,800 $
(11,328,158) $
10,708,100 $
774,700
Franchise and lodging tax
770,000
206,041
(563,959)
198,461
7,580
Licenses and permits (2)
3,830,080
2,498,323'
(1,331,757)
2,218,352'
279,971
Intergovernmental (3)
1,113,500
373,271
(740,229)
237,460
135,811
Charges for service
3,969,494
1,612,494
(2,357,000)
1,664,002'
(51,508)
Fines and forfeitures
950,000
474,426
(475,574)
370,845
103,581
Other revenues
611,100
483,783
(127,317)
577,968
(94,185)
Total revenues
34,055,132
17,131,138
(16,923,994)
15,975,188
1,155,950
Expenditures:
Administration
1,619,238
849,191
(770,047)
769,242
79,949
Comm & tech services
1,040,674
516,464
(524,210)
506,493
9,971
Human resources
495,637
237,854
(257,783)
221,624
16,230
Severance
200,000
235,988'
35,988
246,272
(10,284)
Finance
904,918
386,521
(518,397)
410,037
(23,516)
Community development
1,612,160
732,124
(880,036)
735,325
(3,201)
Public works
8,459,610
3,752,972
(4,706,638)
3,710,370
42,602
Engineering
1,735,095
722,865
(1,012,230)
700,109
22,756
Police
10,357,415
4,840,801
(5,516,614)
4,771,055
69,746
Fire
7,007,398
3,241,275
(3,766,123)
2,985,699
255,576
Parks & recreation
1,388,087
633,290
(754,797)
601,316
31,974
Other
-
8,095
8,095
114,886
(106,791)
Total expenditures
34,820,232
16,157,440
(18,662,792)
15,772,428
385,012
Revenues over (under)
expenditures
(765,100)
973,698
1,738,798
202,760
770,938
Other financing sources (uses):
Transfers in (out)
Liquor fund (4)
765,100
-
(765,100)
-
-
Other
-
-
-
-
Parkland dedication
-
300,000
300,000
382,278
(82,278)
Total other financing source
765,100
300,000
(465,100)
382,278
(82,278)
Net increase (decrease)
in fund balance $
- $
1,273,698 $
1,273,698 $
585,038 $
688,660
1 The City receives the first property tax payment from the County in June and the second payment in Decembe
2 The licenses and permits category includes building permits.
3 The intergovernmental category includes grants from Federal, state and county sources. Generally,
most of the grants the City receives are reimbursement grants, which means that if grant revenue
increases, expenditures must also increase by an equal or greater amount.
4 The annual liquor fund transfer is always made in December.
G:\P&L's\Quarterly Financial Update\2015\Quarterly Update.docx
2
0
si
To: MAYOR AND CITY COUNCIL
From: Eric Roggeman, Finance Director
Date: July 21, 2015
Subject: 2016-2017 Proposed Budget
Action Requested:
This item is for discussion only.
Agenda Item #: WS. IV.
Action ❑
Discussion FA
Information ❑
Information / Background:
Staff has been working on the 2016-2017 budget this summer and will have a presentation ready for the
work session on Tuesday.
2016-2017 budget process timeline:
• April 21: City Manager presents 2016-2017 proposed work plan to Council.
• May 15: Department Heads send budget requests to Finance.
• July 8: Executive Leadership Team reviews budget draft.
• July 21: City Manager presents 2016-2017 budget draft to Council.
• September 1: Council and HRA adopt preliminary 2016-2017 budget and 2016 property tax levies.
The preliminary property tax levies adopted on September I are the maximum amount of the final
property tax levies the Council and HRA may adopt in December.
• November: Hennepin County sends out parcel notices.
• December I: Budget public hearing & option for Council to adopt final 2016-2017 budget and 2016
property tax levies.
• December 15: Deadline to adopt final 2016-2017 budget and 2016 property tax levies.
City of Edina • 4801 W. 50th St. • Edina, MN 55424
"40bb.- 0 0 0
The CITY of
�- EDINA
2016-2017 Budget Process Update
July 21, 2015 Council Worl< Session
Agenda
,* Definitions
• Process and Timeline
• Budget Challenges
• HRA Levy
• Tax Comparisons
www.EdinaMN.gov
The CITY of
EDINA
0 0 0
2
%boom. 0 0 0
e The CITY of
Definitions M. W� EDINA
General Fund: The main operating fund of the City's government
functions. Includes about $37M of revenues and expenditures.
• Governmental Funds: In addition to the general fund, the City
has a debt service fund, construction fund, HRA fund, and several
special revenue funds.Annual expenditures are about $62M.
Enterprise Funds: Used to account for "business -type" activities.
Total annual expenses equal about $39M
• Consolidated Budget: Approximately $1 OOM in total revenues
and expenditures/expenses and includes all City and HRA funds,
governmental and enterprise.
www.EdinaMN.gov 3
Definitions
www.EdinaMN.gov
e - The CITY of
r �I
EDINA
0
Definitions
0
11-� e�.�, The CITY of
r y' EDINA
• Estimated Market Value: One way to measure "tax base".The
City Assessor estimates values for each property in Edina.The total
EMV of all properties in Edina is around $1 OB.
Tax Capacity: A second way to measure "tax base".Tax capacity is
a uniquely Minnesotan way of calculating property taxes.Tax
capacity uses EMV and property classifications so that different
types of property are taxed differently.
www.EdinaMN.gov
5
tiA,
e �The CITY of
EDINA
Definitions �����
• Total City Property Tax Levy or Levies: Often described as
one, but the City actually has several different levies organized by
purpose.
• General Fund Property Tax Levy: The dollar amount that the
City needs from property taxes to pay for General Fund
expenditures. About $25M of the $37M General Fund budget (68%).
Debt Levies: Edina has several debt levies that go towards
principal and interest payments on some of the City's debt.The City
also has debt that is paid by revenue other than property taxes, like
our utility fund debt and special assessment debt.
• Other Levies: Arts & culture, equipment, and HRA are examples.
www.EdinaMN.gov
kbVAV4,
6
•
Agenda
Y Definitions
• Process and Timeline
• Budget Challenges
• HRA Levy
• Tax Comparisons
e ��? The CITY of
W` EDINA
www.EdinaMN.gov 7
Work Plan Drives Budget
Work Plan
Themes
www.EdinaMN.gov
Work Plan
Goals
The CITY of
r
EDINA
Budget • Staff
0 0 0
0 0 0
BudgetTimeline
e The CITY of
L
EDINA
April 21
City Manager presents 2016-2017 proposed work plan to Council
May 15
Department Heads send budget requests to Finance
ELT reviews 2016-2017 budget draft
City Manager presents 2016-2017 budget draft to Council
July 8
July 21
Aug. 18 or
City Council adopts new WAC/SAC charges and utility rates based on
Sept. I
the rate study discussed on July 7
City Council adopts preliminary 2016 property tax levy and budget
Sept. 16
Dec. I
Public Hearing & option to adopt 2016 final property tax levy and j
budget.
Deadline to adopt final 2016 property tax levy and budget
Dec. 15
www.EdinaMN.gov
• Definitions
• Process and Timeline
• Budget Challenges
• HRA Levy
• Tax Comparisons
www.EdinaMN.gov
•
e �! The CITY of
EDINA
is 0
10
2016-2017 Budget Challenges
40
The CITY of
r i✓ l
EDINA
• Minimum wage increase affects many positions in Edina.
• 1 1.5% rate cap for health insurance premiums.
• FT employee count increased by I since last budget cycle, but 5.45
increase in the General Fund is offset by a 4.45 decrease elsewhere.
• Edinborough & Centennial Lakes reserve balances are projected to
decrease.
• Liquor profits are lower than past years
- 2014 budgeted transfer was $1,800,100 but actual was $1,035,000
- 2015 budgeted transfer is $1,850,100 but actual will likely be less than $1 M
- Draft 2016 budgeted transfer is about $1.15M less than 2015 budget
www.EdinaMN.gov
e The CITY of
r -c
2016-2017 Budget Challenges �..EDINA
• 2014 General Fund unassigned fund balance was $708,294.This is lower
than in the past, which affects our CIP funding.
• Services and expectations are increasing for all departments
• Budget draft today would result in about an 7.25% total property
tax levy increase
— new staff requests not included (5 total FT staff requests)
— GIS not included
—Weber Woods and many work plan items also not included
— Street sweeping expenses are being moved to Storm Utility fund
• Council and staff have identified many possibilities, but priorities
may need to be adjusted.
www.EdinaMN.gov
0 0 0
12
0 0 0
e
The CITY of
2016-2017 Wrlc P EDINA
o Ian Themes
is Focused Redevelopment
- PW site decision with community space + financing by 3/1/16
- Hwy 100 lid study completed by 12/31/17
- Fred Richards plan + financing by 12/31/16
• Future Planning
- Comprehensive plan draft complete by 12/31/17
• Intergovernmental Relations
www.EdinaMN.gov
13
- The CITY of
e � �i
2016-2017 Work Plan Themes = EDINA
• Transportation & Infrastructure
- Complete Grandview transportation study & plan by 12/31/17
- Complete construction of street or woonerf
- Start construction on WTP #5 in 2017
- Study S'dale sanitary capacity & implement plan by 2017
- Convert debt retirement in 2017 into CIP funding
- Consider increasing franchise fees for streets by 12/31/16
• Enterprise Stability
- Complete business plans for each enterprise
www.EdinaMN.gov
0 0 0
14
0 0 0
Budget Summary
10.00
8.00%
6.00%
4.00
2.00%
0.00%
e . y,
The CITY of
�F EDINA
Total Property Tax Levy Increases vs. General
Fund Expenditures
Rraamar Liquor
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
■ Total Levy Increase % ■ Change in expenditures
www.EdinaMN.gov 15
Agenda
• Definitions
• Process and Timeline
• Budget Challenges
• HRA Levy
• Tax Comparisons
www.EdinaMN.gov
K gThe CITY of
° EDINA
0 0 0
16
HRA Levy for 2017
41
e The CITY of
e
EDINA
• State law allows an HRA to levy up to 0.0 185 % the previous year's
taxable market value of all property in the City.This limit would
produce tax revenue of about $1.8M in Edina.
• An HRA raises its own levy separate from the City, and the HRA
levy is not subject to levy limits (other than above)
• Levies collected by an HRA must be used only for purposes listed in
the HRA Act.
A $95,000 HRA levy in Edina would be $4/year for a median single
family home ($457,300)
Sources: LMC Handbook for Cities, Edina Finance Dept., & Edina Assessing Division
www.EdinaMN.gov 17
Agenda
• Definitions
• Process and Timeline
• Budget Challenges
• HRA Levy
• Tax Comparisons
www.EdinaMN.gov
e
The CITY of
Cr
EDINA
0 0 0
18
e The CITY of
e,
ED
Estimated MarketValue(EMV)�INA
.. ,y
Edina EMV Property Tax Base Growth
$1,000,000,000 9.4%
$800,000,000 7.2%
$600,000,000 7.5/
4.5%
$400,000,000 2.5%
$200,000,000 I.0% 1.4% 1.7% 1.9% o 0 0 1.2% 1.3% 1.6%
0.7% 0.7/ 0.7% 0.9/
$- ---- — --
$(200,000,000) -0.5% 0.0%
$(400,000,000)°
-3.4% -3.5% -3.6/
$(600,000,000)
-5.9%
$(800,000,000)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
■ Inflation/deflation due to real estate market forces ■ Growth due to improvements
Source: City Assessor's Office and Hennepin County
www.EdinaMN.gov 19
Annual PropertyTaxes
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
www.EdinaMN.gov
$4,522
e The CITY of
s, EDINA
$400,000 Edina Home Property Tax History
$4,094
$5,610
$999 $872 $1,141
2005 2006 2007 2008 2009 2010 2011
City tax Total tax
Source: LMC Property Tax Calculator 7/20/15
2012 2013 2014 2015
0 0 0
20
Annual PropertyTaxes
$7,000
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
wvN'1
e ? The CITY of
Wq
EDINA
"Median" Edina Home Property Tax History
$4,435
$944 $1,195 $1,268
Source: LMC Property Tax Calculator 7/20/15 & City Assesor's Office
www.EdinaMN.gov 21
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
City tax
$944
$970
$1,012
$1,020
$1,042
$1,082
$1,102
$1,140
$1,195
$1,268
Total tax
$4,435
$4,597
$4,725
$4,922
$5,066
$5,410
$5,449
$5,606
$5,861
Median Value
$433,300
$444,800
$439,000
$432,700
$411,500
$403,100
$396,300
$399,700
$438,800
$457,300
Source: LMC Property Tax Calculator 7/20/15 & City Assesor's Office
www.EdinaMN.gov 21
2016 Estimated Levy Impacts
f? The CITY of
EDINA
• In 2015 the median home pays about $100 per month in property
taxes to fund all of the City provided services.
• Tax capacity is increasing in Edina by about 6% for taxes payable in
2016.The median value single family home is now $457,300.
If the budget includes an 7.25% property tax increase, the effect on
the $457,300 single family home would be about:
- about 6% increase in City property taxes.
- about $73 increase per year, or about $6 per month.
- this home would pay about $106 per month in 2016 City property
taxes.
www.EdinaMN.gov
22
•
•
Governmental Revenue Per Capita
Source: MN State Auditor website 7/7/15
Ll
The CITY of
W EDINA
www.EdinaMN.gov 23
• •
•
totalThe
governmental2013
per
capita
I
Plymouth
$
684.12
2
Minnetonka
$
875.60
3
Eden Prairie
$
881.88
4
Richfield
$
987.76
5
Edina
$
1,011.63
6
Hopkins
$
1,147.21
7
Maple Grove
$
1,192.77
8
St. Louis Park
$
1,240.14
9
Bloomington
$
1,488.13
10
Golden Valley
$
1,435.72
11
Minneapolis
$
2,020.35
Source: MN State Auditor website 7/7/15
Ll
The CITY of
W EDINA
www.EdinaMN.gov 23
Property Tax Revenue Per Capita
The tax per ca
.. •
Property2013
I Plymouth
$ 399.98
2 Maple Grove
$ 492.27
3 Richfield
$ 515.37
4 Eden Prairie
$ 520.78
5 Bloomington
$ 541.53
6 St. Louis Park
$ 542.23
7 Edina
$ 546.40
8 Hopkins
$ 575.73
9 Minnetonka
$ 606.30
10 Minneapolis
$ 773.91
1 1 Golden Valley
$ 814.57
Source: MN State Auditor website 7/7/15
www.EdinaMN.gov
e The CITY of
EDINA
24
City Property Taxes
I
Edina*
$
1,141
2
Plymouth*
$
1,202
3
Eden Prairie*
$
1,424
4
Shoreview*
$
1,495
5
Minnetonka*
$
1,559
6
Eagan*
$
1,593
7
Woodbury*
$
1,622
8
Lakeville*
$
1,650
9
Shakopee*
$
1,673
10
Maple Grove*
$
1,685
11
Inver Grove Heights*
$
1,859
SAI 4
eA. qv - The CITY of
s�
EDINA
12
Burnsville*
$
1,861
13
St. Louis Park
$
1,937
14
Bloomington*
$
1,941
15
Apple Valley*
$
1,995
16
Maplewood*
$
2,008
17
Savage*
$
2,269
18
Golden Valley
$
2,466
19
Hopkins
$
2,496
20
Richfield
$
2,571
21
Minneapolis
$
2,976
Source: LMC Property Tax calculator 7/7/15
*City is a member of the MLC
www.EdinaMN.gov 25
C
G:\Budget and CIP\2016 Budget\Meetings\20150721 Council work session\2016 Summary charts - Draft.xlsx 7/21/2015
CITY OF EDINA
Draft Tax Levies
is
Draft Budget
Draft Budget
2013
2014
2015
2016
2017
General Fund Levies
General Operating Levy
$ 21,824,894
$ 22,509,403
$ 22,933,958
$ 25,045,588
$ 26,425,558
General Fund Subtotal
21,824,894
22,509,403
22,933,958
25,045,588
26,425,558
Increase From Prior Year (%)
1.02%
3.14%
1.89%
9.21%
5.51%
Arts and Culture Fund Levies
Arts and Culture
-
-
20,000
20,000
20,000
Arts and Culture Fund Subtotal
-
-
20,000
20,000
20,000
Increase From Prior Year (%)
0.00%
0.00%
Debt Service Fund Levies
City Hall Debt Service
949,850
947,600
944,400
946,000
946,000
Equipment Certificates
-
-
-
-
-
Gymnasium Debt Service
396,444
409,244
409,440
417,000
422,000
Fire Station Debt Service
431,544
441,944
441,940
443,000
443,000
Public Works Facility Debt Service
1,536,743
1,526,809
1,546,600
1,561,000
1,696,000
Park Bond Market Value Levy
615,837
627,800
618,600
571,650
-
Sports Dome
-
-
1,168,000
1,170,500
1,162,500
Debt Service Fund Subtotal
3,930,418
3,953,397
5,128,980
5,109,150
4,669,500
Increase From Prior Year (%)
7.63%
4.31%
29.74%
-0.39%
-8.61%
Construction Fund Levies
Equipment Levy
992,072
992,072
1,617,072
1,680,000
1,750,000
Construction Fund Subtotal
992,072
992,072
1,617,072
1,680,000
1,750,000
Increase From Prior Year (%)
0.00%
0.00%
63.00%
3.89%
4.17%
HRA Fund Levies
HRA Operating Levy
-
-
-
-
95,000
HRA Fund Subtotal
-
-
-
-
95,000
Increase From Prior Year (%)
Total Property Tax Levy
$ 26,747,384
$ 27,454,872
$ 29,700,010
$ 31,854,738
$ 32,960,058
Increase From Prior Year (%)
1.90%
2.65%
8.18%
7.25%
3.47%
C
G:\Budget and CIP\2016 Budget\Meetings\20150721 Council work session\2016 Summary charts - Draft.xlsx 7/21/2015
EXPENDITURES, EXPENSES AND OTHER FINANCING USES - BY DEPARTMENT
•
Administration $
23,125,572 $
CITY OF EDINA
$ 21,993,635
22.5%
$
2
-14.1%
Consolidated Draft Budget
Communications & tech.
1,205,409
1,506,574
1,355,785
2014
2015 Draft 2016
2,570,265
Draft 2017
•
Human resources
Actual
Budget
Budget
35.1%
Budget
811,495
REVENUES AND OTHER FINANCING
SOURCES
Finance
1,015,847
1,191,299
1,156,525
-2.9%
Property tax levy $
26,988,493 $
29,700,010 $
31,854,738
7.3%
$ 32,960,058
3.5%
Reductions
-
(123,000)
-
-100.0%
-
NA
Net tax revenue
26,988,493
29,577,010
31,854,738
7.7%
32,960,058
3.5%
Tax increments
5,052,705
100,000
2,500,000
2400.0%
2,500,000
0.0%
Franchise fees
2,055,396
2,070,000
2,090,000
1.0%
2,090,000
0.0%
Lodging tax
11,301
-
20,000
NA
20,000
0.0%
Special assessments
4,606,010
3,992,997
3,321,571
-16.8%
3,444,787
3.7%
Licenses and permits
4,583,183
3,880,080
4,048,160
4.3%
4,217,660
4.2%
Intergovernmental
4,294,999
5,169,825
4,329,550
-16.3%
2,348,550
-45.8%
Charges for services
4,270,720
4,019,494
10,665,310
165.3%
4,217,973
-60.5%
Fines and forfeitures
1,163,907
950,000
975,000
2.6%
975,000
0.0%
Operating revenue
39,886,753
42,823,745
41,158,385
-3.9%
40,788,448
-0.9%
Investment income
632,025
463,956
412,037
-11.2%
376,289
-8.7%
Other revenue
1,604,975
1,188,448
643,311
-45.9%
644,711
0.2%
Debt issued
21,335,000
4,599,895
2,917,200
-36.6%
3,619,200
24.1
Other financing sources
218,699
-
-
NA
-
NA
TOTAL REVENUES AND OTHER
14,253,910
15,458,963
8.5%
15,905,873
2.9%
FINANCING SOURCES $
116,704,166 $
98,835,450 $
104,935,262
6.2%
$ 98,202,676
-6.4%
EXPENDITURES, EXPENSES AND OTHER FINANCING USES - BY DEPARTMENT
•
Administration $
23,125,572 $
17,960,549
$ 21,993,635
22.5%
$
18,882,055
-14.1%
Communications & tech.
1,205,409
1,506,574
1,355,785
-10.0%
2,570,265
89.6%
•
Human resources
979,873
695,637
939,693
35.1%
811,495
-13.6%
Finance
1,015,847
1,191,299
1,156,525
-2.9%
1,213,493
4.9%
Public works
24,213,569
22,913,578
24,926,947
8.8%
25,475,177
2.2%
Engineering
7,796,629
13,926,591
9,431,684
-32.3%
8,629,581
-8.5%
Police
11,081,717
11,764,823
12,712,313
8.1%
12,553,801
-1.2%
Fire
6,965,287
7,134,947
7,875,851
10.4%
8,003,126
1.6%
Parks & recreation
12,933,141
13,244,427
12,515,379
-5.5%
12,970,871
3.6%
Community development
1,543,486
1,742,160
1,770,974
1.7%
1,961,125
10.7%
Debt service
7,105,222
6,654,894
6,008,988
-9.7%
6,179,315
2.8%
TOTAL EXPENDITURES, EXPENSES
AND OTHER
FINANCING USES $
97,965,752 $
98,735,479
$ 100,687,774
2.0%
$
99,250,304
-1.4%
EXPENDITURES, EXPENSES AND
OTHER FINANCING USES - BY
TYPE
Cost of goods sold $
10,440,199 $
10,696,828
$ 9,761,579
-8.7%
$
9,803,441
0.4%
Personal services
31,436,091
32,759,604
34,152,380
4.3%
34,610,706
1.3%
Contractual services
15,439,638
14,253,910
15,458,963
8.5%
15,905,873
2.9%
Commodities
3,590,164
3,853,162
4,221,663
9.6%
4,099,252
-2.9%
Central services
4,872,724
5,154,924
5,200,539
0.9%
5,292,297
1.8%
Equipment
1,468,320
1,746,978
2,138,140
22.4%
1,456,412
-31.9%
Capital outlay
18,414,824
17,395,224
16,513,000
-5.1%
14,404,000
-12.8%
Depreciation
5,198,570
5,471,750
6,538,750
19.5%
6,913,750
5.7%
Debt service
7,105,222
7,403,099
6,702,760
-9.5%
6,764,573
0.9%
TOTAL EXPENDITURES, EXPENSES
AND OTHER
FINANCING USES $
97,965,752 $
98,735,479
$ 100,687,774
2.0%
$
99,250,304
-1.4%
CHANGE IN FUND BALANCE
OR NET POSITION $
18,738,414 $
99,971
$ 4,247,488
$
(1,047,628)
7/21/2015
CITY OF EDINA
Draft Budget by Fund Type
Draft 2016
Governmental Enterprise
Funds Funds Total
REVENUES AND OTHER FINANCING SOURCES
EXPENDITURES, EXPENSES AND OTHER FINANCING USES - BY FUNCTION
32,960,058
Property tax levy $
31,854,738 $
2,500,000
$ 31,854,738
Reductions
-
20,000
$
Net tax revenue
31,854,738
$ 18,882,055
31,854,738
Tax increments
2,500,000
4,217,660
2,500,000
Franchise fees
2,090,000
4,217,973
2,090,000
Lodging Tax
20,000
-
20,000
Special assessments
3,321,571
40,788,448
3,321,571
Licenses and permits
4,048,160
623,211
4,048,160
Intergovernmental
4,032,550
297,000
4,329,550
Charges for services
10,665,310
-
10,665,310
Fines and forfeitures
975,000
-
975,000
Operating revenue
-
41,158,385
41,158,385
Investment income
303,800
108,237
412,037
Other revenue
621,811
21,500
643,311
Transfers
300,000
568,100
868,100
Debt issued
2,917,200
12,046,581
2,917,200
Other financing sources
-
Fire
-
TOTAL REVENUES AND OTHER
7,875,851
8,003,126
FINANCING SOURCES $
63,650,140 $
42,153,222
$ 105,803,362
Draft 2017
Governmental Enterprise
Funds Funds Total
$ 32,960,058 $ - $ 32,960,058
32,960,058
EXPENDITURES, EXPENSES AND OTHER FINANCING USES - BY FUNCTION
32,960,058
2,500,000
2,500,000
2,090,000
10,238,352 $
2,090,000
20,000
$
20,000
3,444,787
$ 18,882,055
3,444,787
4,217,660
1,355,785
4,217,660
2,236,550
112,000
2,348,550
4,217,973
-
4,217,973
975,000
-
975,000
-
40,788,448
40,788,448
263,400
112,889
376,289
623,211
21,500
644,711
250,000
671,295
921,295
3,619,200
-
3,619,200
$ 57,417,839 $ 41,706,132 $ 99,123,971
3
7/21/2015
EXPENDITURES, EXPENSES AND OTHER FINANCING USES - BY FUNCTION
Administration $
10,238,352 $
11,755,283
$ 21,993,635
$
6,864,249 $
12,017,806
$ 18,882,055
•
Communication & tech.
1,355,785
-
1,355,785
2,570,265
-
2,570,265
Human resources
939,693
939,693
811,495
811,495
Finance
858,132
298,393
1,156,525
904,089
309,404
1,213,493
Public works
10,289,557
14,637,390
24,926,947
10,255,643
15,219,534
25,475,177
Engineering
9,157,588
274,096
9,431,684
8,351,327
278,254
8,629,581
Police
12,215,859
496,454
12,712,313
12,046,581
507,220
12,553,801
Fire
7,875,851
-
7,875,851
8,003,126
-
8,003,126
Parks & recreation
1,728,686
10,786,693
12,515,379
3,223,201
9,747,670
12,970,871
Community development
1,770,974
-
1,770,974
1,961,125
1,961,125
Debt service
6,008,988
6,008,988
6,179,315
-
6,179,315
Transfers
68,100
800,000
868,100
71,295
850,000
921,295
TOTAL EXPENDITURES, EXPENSES
AND OTHER
FINANCING USES $
62,507,565 $
39,048,309
$ 101,555,874
$
61,241,711 $
38,929,888
$ 100,171,599
EXPENDITURES, EXPENSES AND OTHER FINANCING
USES -
BY TYPE
Cost of goods sold $
- $
9,761,579
$ 9,761,579
$
- $
9,803,441
$ 9,803,441
Personal services
26,150,875
8,001,505
34,152,380
27,1 17,571
7,493,135
34,610,706
Contractual services
5,538,813
9,920, I50
15,458,963
5,809,588
10,096,285
15,905,873
Commodities
2,194,387
2,027,276
4,221,663
2,238,410
1,860,842
4,099,252
Central services
3,895,262
1,305,277
5,200,539
3,965,120
1,327,177
5,292,297
Equipment
2,138,140
-
2,138,140
1,456,412
-
1,456,412
Capital outlay
16,513,000
-
16,513,000
14,404,000
-
14,404,000
Depreciation
-
69538,750
6,538,750
-
6,913,750
6,913,750
Debt service
6,008,988
693,772
6,702,760
6,179,315
585,258
6,764,573
Transfers
68,100
800,000
868,100
71,295
850,000
921,295
TOTAL EXPENDITURES, EXPENSES
AND OTHER
FINANCING USES $
62,507,565 $
39,048,309
$ 101,555,874
$
61,241,711 $
38,929,888
$ 100,171,599
CHANGE IN FUND BALANCE
OR NET POSITION $
1,142,575 $
3,104,913
$ 4,247,488
$
(3,823,872) $
2,776,244
$ (1,047,628)
3
7/21/2015
CITY OF EDINA 4
Draft Governmental Fund Budgets
0
DRAFT 2016 GOVERNMENTAL FUND BUDGETS
FUND BALANCE $ - $ 973,162 $ (52,566) $ - $ (3,639) $ 5,200 $ 2,425 $ 1,203,861 $ (104,000) $ (881,868) $ 1,142,575
7/21/2015
Braemar
Arts &
Debt Environmental
General
HRA
PACS
CDBG
Police SR
Memorial
Culture
Service
Efficiency
Construction
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Total
REVENUES AND OTHER FINANCING SOURCES
Property ax levy $ 25,045,588 $
- $
- $
- $
-
$ - $
20,000 $
5,109,150 $
-
$ 1,680,000 $
31,854,738
Reductions
-
-
-
-
Net tax revenue 25,045,588
-
-
-
20,000
5,109,150
-
1,680,000
31,854,738
Tax increments -
2,500,000
-
-
-
-
-
-
-
-
2,500,000
Franchise fees 790,000
-
1,200,000
-
-
-
-
-
-
100,000
2,090,000
Lodging Tax 20,000
-
-
-
-
-
-
-
-
-
20,000
Special assessments -
-
-
-
-
-
-
2,083,699
-
1,237,872
3,321,571
Licenses and permits 4,023,160
-
-
-
-
-
-
-
-
25,000
4,048,160
Intergovernmental 1,191,550
-
-
125,000
36,000
-
-
-
-
2,680,000
4,032,550
Charges for services 3,940,310
6,675,000
-
-
-
-
-
-
-
50,000
10,665,310
Fines and forfeitures 975,000
-
-
-
-
-
-
-
-
-
975,000
investment income 120,000
75,000
-
-
300
200
-
20,000
-
88,300
303,800
Other revenue 477,900
-
-
-
134,061
5,000
4,850
-
-
-
621,811
Transfers 100,000
-
-
-
-
-
-
-
-
200,000
300,000
Debt issued -
-
-
-
-
-
-
-
-
2,917,200
2,917,200
Other financing sources
-
-
TOTAL REVENUES AND OTHER
FINANCING SOURCES $ 36,683,508 $
9,250,000 $
1,200,000 $
125,000 $
170,361
$ 5,200 $
24,850 $
7,212,849 $
-
$ 8,978,372 $
63,650,140
EXPENDITURES AND OTHER FINANCING USES - BY DEPARTMENT
Administration $ 1,896,514 $
8,276,838 $
- $
- $
-
$ - $
- $
- $
-
$ 65,000 $
10,238,352
Communication & tech. 1,143,885
-
-
-
-
-
-
-
-
211,900
1,355,785
Human resources 789,693
-
-
-
-
-
-
-
-
150,000
939,693
Finance 833,132
-
-
-
-
-
-
-
-
25,000
858,132
Public works 8,959,162
-
-
-
-
-
-
-
104,000
1,226,395
10,289,557
Engineering 1,585,022
-
1,252,566
-
-
-
-
-
-
6,320,000
9,157,588
Police 11,003,014
-
-
-
174,000
-
-
-
-
1,038,845
12,215,859
Fire 7,453,851
-
-
-
-
-
-
-
-
422,000
7,875,851
Parks & recreation 1,373,261
-
-
-
-
22,425
-
-
333,000
1,728,686
Community development 1,645,974
-
-
125,000
-
-
-
-
-
-
1,770,974
Debt service -
-
-
-
-
-
-
6,008,988
-
-
6,008,988
Transfers
-
-
-
-
68,100
68,100
TOTAL EXPENDITURES AND OTHER
FINANCING USES $ 36,683,508 $
8,276,838 $
1,252,566 $
125,000 $
174,000
$ - $
22,425 $
6,008,988 $
104,000
$ 9,860,240 $
62,507,565
EXPENDITURES AND OTHER FINANCING USES - BY TYPE
Personal services $ 25,811,380 $
123,973 $
112,566 $
- $
-
$ - $
- $
- $
-
$ 102,956 $
26,150,875
Contractual services 4,894,026
226,865
20,000
125,000
104,000
-
20,400
-
-
148,522
5,538,813
Commodities 2,082,840
1,000
20,000
-
15,000
-
2,025
-
-
73,522
2,194,387
Central services 3,895,262
-
-
-
-
-
-
-
-
-
3,895,262
Equipment -
-
-
-
-
-
-
-
-
2,138,140
2,138,140
Capital outlay -
7,925,000
1,100,000
-
55,000
-
-
-
104,000
7,329,000
16,513,000
Debt service -
-
-
-
-
-
-
6,008,988
-
-
6,008,988
Transfers
-
-
-
68,100
68,100
TOTAL EXPENDITURES AND OTHER
FINANCING USES $ 36,683,508 $
8,276,838 $
1,252,566 $
125,000 $
174,000
$ - $
22,425 $
6,008,988 $
104,000
$ 9,860,240 $
62,507,565
CHANGE IN
FUND BALANCE $ - $ 973,162 $ (52,566) $ - $ (3,639) $ 5,200 $ 2,425 $ 1,203,861 $ (104,000) $ (881,868) $ 1,142,575
7/21/2015
C7
CITY OF EDINA
Draft Governmental Fund Budgets
DRAFT 2017 GOVERNMENTAL FUND BUDGETS
Braemar Arts & Debt Envrionmental
General HRA PACS CDBG Police SR Memorial Culture Service Efficiency
Fund Fund Fund Fund Fund Fund Fund Fund Fund
REVENUES AND OTHER FINANCING SOURCES
Property tau levy $ 26,425,558 $ 95,000 $ - $ - $ - $ - $ 20,000 $ 4,669,500 $ -
Reductions
Net tax revenue
26,425,558
95,000
Total
Tax increments
-
2,500,000
-
Franchise fees
790,000
- 1,200,000
- -
Lodging Tax
20,000
- -
- -
Special assessments
-
- -
- -
Ucenses and permits
4,192,660
- -
- -
Intergovernmental
1,195,550
- -
125,000 36,000
Charges for services
4,017,973
150,000 -
- -
Fines and forfeitures
975,000
- -
- -
Investment income
120,000
60,000 -
- 300
Other revenue
478,800
- -
- 134,061
Transfers
50,000
- -
- -
Debt issued
-
- -
- -
Other financing sources
Public works 9,226,381
- -
-
TOTAL REVENUES AND OTHER
-
-
FINANCING SOURCES
$ 38.265,541 $
2805.000 $ 1,200,000 $
125,000 $ 170,361 $
20,000 4,669500 -
2,083,699 -
200 - 20,000 -
5,000 5,350 - -
5
Construction
Fund
Total
$ 1,750,000 $
32.960,058
1,750,000
32,960,058
-
2,500,000
100,000
2,090,000
-
20,000
1,361,088
3,444,787
25,000
4,217,660
880,000
2,236550
50,000
4,217,973
-
975,000
62,900
263,400
-
623,211
200,000
250,000
3,619,200
3,619,200
5,200 $ 25,350 $ 6,773,199 $ - $ 8,048,188 $ 57,417,839
EXPENDITURES AND OTHER FINANCING USES - BY DEPARTMENT
Administration $ 1,931,816 $
4,907433 $
- $
- $
- $
- $
- f
- $
- $
25,000 $
6,864,249
Communication & tech. 1,281,365
-
-
-
-
-
-
-
-
1,288,900
1570,265
Human resources 811,495
-
-
-
-
-
-
-
-
811,495
Finance 879,089
-
-
-
-
-
-
-
25,000
904,089
Public works 9,226,381
-
-
-
-
-
-
-
1,029,262
10,255,643
Engineering 1,639,062
-
1,167,265
-
-
-
-
-
-
5,545,000
8,351,327
Police 11,366,656
-
-
113,000
-
-
-
-
566,925
12,046,581
Fire 7,730,126
-
-
-
-
-
-
-
-
273,000
8,003,126
Parks & recreation 1,458,426
-
-
-
-
-
22,450
-
-
1,742,325
3,223,201
Community development 1,806,125
-
-
125,000
-
-
-
-
30,000
1,961,125
Debt service
179,315
-
-
6,179,315
Transfers -
-
-
-
-
-
71,295
71,295
TOTAL EXPENDITURES AND OTHER
FINANCING USES $ 38,130541 $
4,907,433 $
1,167,265 $
125,000 $
113,000 $
- $
22,450 $
6,179,315 $
71,295 $
10,525,412 $
61,241,711
EXPENDITURES AND OTHER FINANCING USES - BY TYPE
Personal services $ 26,764,679 $
129,068 $
117,265 $
- $
- $
-
$
- $
- $
106,559 $
27,117,571
Contractual services 5,272577
126,865
20,000
125,000
98,000
-
20,425
-
-
146,721
5,809,588
Commodities 2,128,165
1,500
20,000
-
15.000
-
2,025
-
-
71,720
2,238,410
Central services 3,965,120
-
-
-
-
-
-
3,965,120
Equipment -
-
-
-
-
-
-
-
1,456,412
1,456,412
Capital outlay -
4,650,000
1,010,000
-
-
-
-
-
8,744,000
14,404,000
Debt service -
-
-
-
-
-
6,179,315
-
-
6,179,315
Transfers
71,295
71,295
TOTAL EXPENDITURES AND OTHER
FINANCING USES $ 38,130541 $
4,907,433 $
1,167,265 $
125,000 $
113,000 $
- $
22,450 $
6,179,315 $
71,295 $
10,525,412 $
61,241,711
CHANGE IN
FUND BALANCE $ 135,000 $ (2,102,433) $
32,735 $
- $
57,361 $
5,200 $
2,900 $
593,884 $ (71,295) $
(2,477,224) $
(3,823,872)
712112015
CITY OF EDINA
Draft Enterprise Fund Budgets
2016 ENTERPRISE FUND BUDGETS
Aquatic Golf
Utilities Liquor Center Course Arena
Fund Fund Fund Fund Fund
s
Sports Art
Dome Center Edinborough Centennial
Fund Fund Fund Fund Total
is
REVENUES AND TRANSFERS IN
Operating revenues $
19,604,773
$ 12,414,257
$
975,477
$ 2,955,168
$ 2,230,250
$ 396,310
$ 453,350
$ 1,350,800
$ 778,000
$ 41,158,385
Intergovernmental
297,000
-
-
-
-
-
-
-
-
297,000
Investment income
74,237
-
7,000
2,000
3,000
3,000
14,000
5,000
108,237
Other revenue
10,000
10,000
-
-
-
1,500
-
-
21,500
Transfers
-
200,000
-
200,000
33,100
135,000
568,100
TOTAL REVENUES AND
TRANSFERS IN $
19,986,010
$ 12,424,257
$
982,477
$ 2,955,168
$ 2,432,250
$ 399,310
$ 657,850
$ 1,397,900
$ 918,000
$ 42,153,222
EXPENSES AND TRANSFERS OUT
- BY DEPARTMENT
Administration $
-
$ 11,755,283
$
$
$ -
$ -
$ -
$ -
$ -
$ 11,755,283
Finance
298,393
-
298,393
Public works
14,637,390
14,637,390
Engineering
274,096
274,096
Police
496,454
496,454
Parks and recreation
-
-
913,673
3,193,133
2,607,443
721,422
680,631
1,610,457
1,059,934
10,786,693
Transfers
100,000
700,000
-
-
-
-
-
-
800,000
TOTAL EXPENSES AND
TRANSFERS OUT $
15,806,333
$ 12,455,283
$
913,673
$ 3,193,133
$ 2,607,443
$ 721,422
$ 680,631
$ 1,610,457
$ 1,059,934
$ 39,048,309
EXPENSES AND TRANSFERS OUT
- BY TYPE
COGS $
-
$ 9,326,730
$
42,000
$ 185,599
$ 105,500
$ -
$ 2,750
$ 85,000
$ 14,000
$ 9,761,579
Personal services
2,041,750
1,492,365
331,305
1,356,923
871,133
58,272
439,729
774,962
635,066
8,001,505
Contractual services
7,211,595
517,906
179,200
490,794
729,950
148,180
106,350
352,250
183,925
9,920,150
Commodities
1,065,750
74,009
89,150
313,990
104,250
3,277
71,250
169,800
135,800
2,027,276
Central services
684,075
249,773
28,495
121,423
65,428
11,693
36,552
56,695
51,143
1,305,277
Depreciation
4,227,000
94,500
241,500
640,000
600,000
500,000
24,000
171,750
40,000
6,538,750
Interest
476,163
-
2,023
84,404
131,182
-
-
-
-
693,772
Transfers
100,000
700,000
-
-
-
-
-
800,000
TOTAL EXPENSES AND
TRANSFERS OUT $
15,806,333
$ 12,455,283
$
913,673
$ 3,193,133
$ 2,607,443
$ 721,422
$ 680,631
$ 1,610,457
$ 1,059,934
$ 39,048,309
CHANGE IN NET POSITION
$ 4,179,677 $ (31,026) $ 68,804 $ (237,965) $ (175,193) $ (321112) $ (22,781) $ (211557) $ (141,934) $ 3,104,913
•
7/21/2015
CITY OF EDINA 7
Draft Enterprise Fund Budgets
F- -7
J
CHANGE IN NET
POSITION $ 4,368,032 $ (89,860) $ 88,129 $ (733,343) $ (194,207) $ (329,117) $ (44,298) $ (200,846) $ (88,246) $ 2,776,244
7/21/2015
2017 ENTERPRISE FUND BUDGETS
Aquatic
Golf
Sports
Art
Utilities
Liquor
Center
Course
Arena
Dome
Center
Edinborough
Centennial
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Total
REVENUES AND TRANSFERS IN
Operating revenues $ 20,580,555 $
12,667,946 $
1,014,186
$ 1,273,301
$ 2,250,500
$ 401,810
$ 453,350
$ 1,362,800
$ 784,000
$ 40,788,448
Intergovernmental 112,000
-
-
-
-
-
-
-
-
112,000
Investment income 79,889
-
3,000
4,000
5,000
3,000
13,000
5,000
112,889
Other revenue 10,000
10,000
-
-
-
1,500
-
-
21,500
Transfers -
-
-
200,000
200,000
71,295
200,000
671,295
TOTAL REVENUES AND
TRANSFERS IN $ 20,782,444 $
12,677,946 $
1,017,186
$ 1,273,301
$ 2,454,500
$ 406,810
$ 657,850
$ 1,447,095
$ 989,000
$ 41,706,132
EXPENSES AND TRANSFERS OUT - BY DEPARTMENT
Administration $ - $
12,017,806 $
-
$ -
$ -
$ -
$ -
$ -
$ -
$ 12,017,806
Finance 309,404
-
309,404
Public works 15,219,534
15,219,534
Engineering 278,254
278,254
Police 507,220
507,220
Parks and recreation -
-
929,057
2,006,644
2,648,707
735,927
702,148
1,647,941
1,077,246
9,747,670
Transfers 100,000
750,000
-
-
-
-
-
-
850,000
TOTAL EXPENSES AND
TRANSFERS OUT $ 16,414,412 $
12,767,806 $
929,057
$ 2,006,644
$ 2,648,707
$ 735,927
$ 702,148
$ 1,647,941
$ 1,077,246
$ 38,929,888
EXPENSES AND TRANSFERS OUT - BY TYPE
COGS $ - $
9,517,071 $
42,000
$ 37,120
$ 105,500
$ -
$ 2,750
$ 85,000
$ 14,000
$ 9,803,441
Personal services 2,123,424
1,551,432
343,354
584,204
905,311
60,424
456,631
807,256
661,099
7,493,135
Contractual services 7,499,526
526,879
179,200
367,175
729,950
149,930
107,950
351,750
183,925
10,096,285
Commodities 1,116,700
75,032
89,150
104,085
104,750
3,725
73,800
169,800
123,800
1,860,842
Central services 697,990
Depreciation 4,499,500
252,892
94,500
28,840
246,500
123,021
710,000
66,262
610,000
11,848
510,000
37,017
24,000
57,385
176,750
51,922
42,500
1,327,177
6,913,750
Interest 377,272
13
81,039
126,934
-
-
-
585,258
Transfers 100,000
750,000
-
-
-
-
850,000
TOTAL EXPENSES AND
TRANSFERS OUT $ 16,414,412 $
12,767,806 $
929,057
$ 2,006,644
$ 2,648,707
$ 735,927
$ 702,148
$ 1,647,941
$ 1,077,246
$ 38,929,888
CHANGE IN NET
POSITION $ 4,368,032 $ (89,860) $ 88,129 $ (733,343) $ (194,207) $ (329,117) $ (44,298) $ (200,846) $ (88,246) $ 2,776,244
7/21/2015
CITY OF EDINA
Draft Tax Levies
Total Property Tax Levy Increases vs. General Fund
Expenditures
10.00% Braemar Field Levy Liquor
8.00% revenue
6.00 decrease
4.00%
2.00%
0.00%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
■ Total Levy Increase % ■ Change in expenditures
Future wants and needs not included in projection above:
$450K New employee requests other than GIS
$300-$500K GIS Coordinator plus CIP items
$500K Replacement for park maintenance fees
*$300K-$1 M CIP levy
*$200K Deferred street maintenance
$350K Weber Woods (3 years only)
*$? Grandview capital & operating
*$? Fred Richards plan & capital
$? Braemar Park plan & capital
* denotes 2016-2017 work plan item
Estimated Additional Impact
1.5%
1.5%-2%
1.5%
1%-3%
<1%
1%
0%-?
0%-?
0%-?
G:\Budget and CIP\2016 Budget\Meetings\20150721 Council work session\2016 Summary charts - Draft.xlsx 7/20/2015
is 0 0
ply
oK` e l���� The CITY of
_4 EDINA
2016-2017 Budget Process Update
July 21, 20 15 Council Work Session
Agenda
• Definitions
Process and Timeline
Budget Challenges
HRA Levy
• Tax Comparisons
www.EdinaMN.gov
a� et , The CITY of
EDINA
Definitions
>>�..�. M
The CITY of
�e
�y
EDINA
• ^��MII`��IIA��"•
• General Fund: The main operating fund of the City's government
functions. Includes about $37M of revenues and expenditures.
• Governmental Funds: In addition to the general fund, the City
has a debt service fund, construction fund, HRA fund, and several
special revenue funds.Annual expenditures are about $62M.
• Enterprise Funds: Used to account for "business -type" activities.
Total annual expenses equal about $39M
• Consolidated Budget: Approximately $1 OOM in total revenues
and expenditures/expenses and includes all City and HRA funds,
governmental and enterprise.
www.EdinaMN.gov 3
The CITY of
Definitions
EDINA
I M• 4�
$1 00M
• �lr �rrrlY sir
I'
In
www.EdinaMN.gov
Definitions
eThe CITY of
ti EDINA
• Estimated Market Value: One way to measure "tax base".The
City Assessor estimates values for each property in Edina.The total
EMV of all properties in Edina is around $1 OB.
• Tax Capacity: A second way to measure'tax base".Tax capacity is
a uniquely Minnesotan way of calculating property taxes.Tax
capacity uses EMV and property classifications so that different
types of property are taxed differently.
www.EdinaMN.gov 5
'% The CITY of
e
. . y
Deflnitions EDINA
• Total City Property Tax Levy or Levies: Often escribed as
one, but the City actually has several different levies organized by
purpose.
• General Fund Property Tax Levy: The dollar amount that the
City needs from property taxes to pay for General Fund
expenditures. About $25M of the $37M General Fund budget (68%).
• Debt Levies: Edina has several debt levies that go towards
principal and interest payments on some of the City's debt.The City
also has debt that is paid by revenue other than property taxes, like
our utility fund debt and special assessment debt.
• Other Levies: Arts & culture, equipment, and HRA are examples.
www.EdinaMN.gov 6
Agenda
• Definitions
• Process and Timeline
• Budget Challenges
• HRA Levy
• Tax Comparisons
www.EdinaMN.gov
tiv�til
07, � " The CITY of
N WN
EDI A
Work Plan Drives Budget
Work Plan
Themes
www.EdinaMN.gov
Work Plan
Goals
i
e~t The CITY of
w EDINA
Budget.7• Staff
BudgetTimeline
��` The CITY of
Ale i.
s EDINA
April 21 ' City Manager presents 2016-2017 proposed work plan to Council
May 15 Department Heads send budget requests to Finance
July 8 ELT reviews 2016-2017 budget draft
July 21 City Manager presents 2016-2017 budget draft to Council
Aug. 18 or City Council adopts new WAC/SAC charges and utility rates based on
Sept. I the rate study discussed on July 7
Sept. 16 City Council adopts preliminary 2016 property tax levy and budget
Dec. I Public Hearing & option to adopt 2016 final property tax levy and
budget.
Dec. 15 Deadline to adopt final 2016 property tax levy and budget
www.EdinaMN.gov
9
Agenda
• Definitions
• Process and Timeline
• Budget Challenges
• HRA Levy
• Tax Comparisons
I- e "t. The CITY of
s J EDINA
www.EdinaMN.gov 10
2016-2017 Budget Challenges
VNNn. �1
— The CITY of
EDINA
Minimum wage increase affects many positions in Edina.
i 11.5% rate cap for health insurance premiums.Lf -C),
• FT employee count increased by I since last budget cycle, but 5.45
increase in the General Fund is offset by a 4.45 decrease elsewhere.
® Edinborough & Centennial Lakes reserve balances are projected to
decrease.
i Liquor profits are lower than past years
- 2014 budgeted transfer was $1,800,100 but actual was $1,035,000
- 2015 budgeted transfer is $1,850,100 but actual will likely be less than $1 M
- Draft 2016 budgeted transfer is about $1.15M less than 2015 budget
www.EdinaMN.gov
�-,X1 �J
The CITY of
e
2016-2017 Budget Challenges .W EDINA
• 2014 General Fund unassigned fund balance was $708,294.This is lower
than in the past, which affects our CIP funding.
• Services and expectations are increasing for all departments
is Budget draft today would result in about an 7.25% total property
tax levy increase
— new staff requests not included (5 total FT staff requests)
— GIS not included
—Weber Woods and many work plan items also not included
— Street sweeping expenses are being moved to Storm Utility fund
® Council and staff have identified many possibilities, but priorities
may need to be adjusted.
www.EdinaMN.gov 12
2016-2017Worl< Plan Themes
Focused Redevelopment
The CITY of
EDINA
- PW site decision with community space + financing by 3/1/16
- Hwy 100 lid study completed by 12/31/17
- Fred Richards plan + financing by 12/31/16
• Future Planning
- Comprehensive plan draft complete by 12/31/17
• Intergovernmental Relations
www.EdinaMN.gov 13
The CITY of
er
r
2016-2017 Work Plan Themes EDINA
• Transportation & Infrastructure
- Complete Grandview transportation study & plan by 12/31/17
- Complete construction of street or woonerf
- Start construction on WTP #5 in 2017
- Study S'dale sanitary capacity & implement plan by 2017
- Convert debt retirement in 2017 into CIP funding
- Consider increasing franchise fees for streets by 12/31/16
• Enterprise Stability
- Complete business plans for each enterprise
www.EdinaMN.gov
14
Budget Summary
10.00%
8.00%
6.00%
4.00%
2.00
0.00
\,\N�A' M
^f" The CITY of
e,
Cr
EDINA
Total Property Tax Levy Increases vs. General
Fund Expenditures
Braemar Liquor
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
■ Total Levy Increase % ■ Change in expenditures
www.EdinaMN.gov 15
Agenda
• Definitions
• Process and Timeline
• Budget Challenges
• HRA Levy
• Tax Comparisons
e ��� The CITY of
�° EDINA
www.EdinaMN.gov 16
HRA Levy for 2017
e , f �? The CITY of
s EDINA
• State law allows an HRA to levy up to 0.0 185 % the previous year's
taxable market value of all property in the City.This limit would
produce tax revenue of about $1.8M in Edina.
An HRA raises its own levy separate from the City, and the HRA
levy is not subject to levy limits (other than above)
Levies collected by an HRA must be used only for purposes listed in
the HRA Act.
A $95,000 HRA levy in Edina would be $4/year for a median single
family home ($457,300)
Sources: LMC Handbook for Cities, Edina Finance Dept., & Edina Assessing Division
www.EdinaMN.gov 17
Agenda
• Definitions
• Process and Timeline
• Budget Challenges
• HRA Levy
• Tax Comparisons
%
Estimated MarketValue (EMV)
$1,000,000,000
$800,000,000
7.5%
$600,000,000
$400,000,000
$200,000,000tO. 7%
$(200,000,000)
$(400,000,000)
$(600 000 000)
�vj Ami
The CITY of
=� !!!� EDINA
Edina EMV Property Tax Base Growth
9.4%
7.2%
4.5%
2.5% 1.4% 1.7% 1.9% 1.2% L•6%
0
1.0/ ` M 0 0.7% 0.7% 0.9% _ 1.3%
-0.5% , 1 , , 0.0%
-3.4% -3.5% -3.6%
-5.9%
$(800,000,000)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
■ Inflation/deflation due to real estate market forces ■ Growth due to improvements
Source: City Assessor's Office and Hennepin County
www.EdinaMN.gov 19
Annual PropertyTaxes
$6,000
$5,000 $4,522
$4,000
$3,000
$2,000
$1,000
v�I's1
The CITY of
r"
ED INA
$400,000 Edina Home Property Tax History
$5,610
$4,094
$999 $872 $1,141
2005 2006 2007 2008 2009 2010 2011
City tax Total tax
Source: LMC Property Tax Calculator 7/20/15
2012 2013 2014 2015
www.EdinaMN.gov 20
Source: LMC Property Tax Calculator 7/20/15 & CityAssesor's Office
www.EdinaMN.gov 21
2007
" `�
The CITY of
Annual
PropertyTaxes
=,. .�yEDINA
2013
2014
2015
2016
City tax
$944
"Median" Edina Home
Property Tax History
$1,020
$7,000
$1,082
$1,102
$5,861
$6,000
$1,268
Total tax
$4,435
$5,000
$4,435
$4,922
$5,066
$4,000
$5,449
$5,606
$5,861
$3,000
Median Value
$433,300
$444,800
$2,000
$944
$411,500
$1,195 $1,268
$1,000
$399,700
$438,800
$457,300
Source: LMC Property Tax Calculator 7/20/15 & CityAssesor's Office
www.EdinaMN.gov 21
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
City tax
$944
$970
$1,012
$1,020
$1,042
$1,082
$1,102
$1,140
$1,195
$1,268
Total tax
$4,435
$4,597
$4,725
$4,922
$5,066
$5,410
$5,449
$5,606
$5,861
Median Value
$433,300
$444,800
$439,000
$432,700
$411,500
$403,100
$396,300
$399,700
$438,800
$457,300
Source: LMC Property Tax Calculator 7/20/15 & CityAssesor's Office
www.EdinaMN.gov 21
2016 Estimated Levy Impacts
o�v e The CITY of
r
EDINA
• In 2015 the median home pays about $100 per month in property
taxes to fund all of the City provided services.
• Tax capacity is increasing in Edina by about 6% for taxes payable in
2016.The median value single family home is now $457,300.
• If the budget includes an 7.25% property tax increase, the effect on
the $457,300 single family home would be about:
- about 6% increase in City property taxes.
- about $73 increase per year, or about $6 per month.
- this home would pay about $106 per month in 2016 City property
taxes.
www.EdinaMN.gov 22
A. /
e �The CITY of
Governmental Revenue Per Capita
R'EDINA
I
Plymouth
$
684.12
2
Minnetonka
$
875.60
3
Eden Prairie
$
881.88
4
Richfield
$
987.76
5
Edina
$
1,011.63
6
Hopkins
$
1,147.21
7
Maple Grove
$
1,192.77
8
St. Louis Park
$
1,240.14
9
Bloomington
$
1,488.13
10
Golden Valley
$
1,435.72
II
Minneapolis
$
2,020.35
Source: MN State Auditor website 7/7/15
www.EdinaMN.gov 23
PropertyTax Revenue Per Capita
I Plymouth
$ 399.98
2 Maple Grove
$ 492.27
3 Richfield
$ 515.37
4 Eden Prairie
$ 520.78
5 Bloomington
$ 541.53
6 St. Louis Park
$ 542.23
7 Edina
$ 546.40
8 Hopkins
$ 575.73
9 Minnetonka
$ 606.30
10 Minneapolis
$ 773.91
11 Golden Valley
$ 814.57
Source: MN State Auditor website 7/7/15
The CITY of
�e
r
EDINA
www.EdinaMN.gov 24
City Property Taxes
I
Edina*
$
1,141
2
Plymouth*
$
1,202
3
Eden Prairie*
$
1,424
4
Shoreview*
$
1,495
5
Minnetonka*
$
1,559
6
Eagan*
$
1,593
7
Woodbury*
$
1,622
8
Lakeville*
$
1,650
9
Shakopee*
$
1,673
10
Maple Grove*
$
1,685
11
Inver Grove Heights*
$
1,859
The CITY of
e�
EDINA
12
Burnsville*
$
1,861
13
St. Louis Park
$
1,937
14
Bloomington*
$
1,941
15
Apple Valley*
$
1,995
16
Maplewood*
$
2,008
17
Savage*
$
2,269
18
Golden Valley
$
2,466
19
Hopkins
$
2,496
20
Richfield
$
2,571
21
Minneapolis
$
2,976
Source: LMC Property Tax calculator 7/7/15
*City is a member of the MLC
www.EdinaMN.gov 25
CITY OF EDINA
Draft Tax Levies
G:\Budget and CIP\2016 Budget\Meetings\20150721 Council work session\2016 Summary charts - Draft.xlsx 7/21/2015
Draft Budget
Draft Budget
2013
2014
2015
2016
2017
General Fund Levies
General Operating Levy
$ 21,824,894
$ 22,509,403
$ 22,933,958
$ 25,045,588
$ 26,425,558
General Fund Subtotal
21,824,894
22,509,403
22,933,958
25,045,588
26,425,558
Increase From Prior Year (%)
1.02%
3.14%
1.89%
9.21%
5.51%
Arts and Culture Fund Levies
Arts and Culture
-
-
20,000
20,000
20,000
Arts and Culture Fund Subtotal
-
-
20,000
20,000
20,000
Increase From Prior Year (%)
0.00%
0.00%
Debt Service Fund Levies
City Hall Debt Service
949,850
947,600
944,400
946,000
946,000
Equipment Certificates
-
-
-
-
-
Gymnasium Debt Service
396,444
409,244
409,440
417,000
422,000
Fire Station Debt Service
431,544
441,944
441,940
443,000
443,000
Public Works Facility Debt Service
1,536,743
1,526,809
1,546,600
1,561,000
1,696,000
Park Bond Market Value Levy
615,837
627,800
618,600
571,650
-
Sports Dome
-
-
1,168,000
1,170,500
1,162,500
Debt Service Fund Subtotal
3,930,418
3,953,397
5,128,980
5,109,150
4,669,500
Increase From Prior Year (%)
7.63%
4.31%
29.74%
-0.39%
-8.61%
Construction Fund Levies
Equipment Levy
992,072
992,072
1,617,072
1,680,000
1,750,000
Construction Fund Subtotal
992,072
992,072
1,617,072
1,680,000
1,750,000
Increase From Prior Year (%)
0.00%
0.00%
63.00%
3.89%
4.17%
HRA Fund Levies
HRA Operating Levy
-
-
-
-
95,000
HRA Fund Subtotal
-
-
-
-
95,000
Increase From Prior Year (%)
Total Property Tax Levy
$ 26,747,384
$ 27,454,872
$ 29,700,010
$ 31,854,738
$ 32,960,058
Increase From Prior Year (%)
1.90%
2.65%
8.18%
7.25%
3.47%
G:\Budget and CIP\2016 Budget\Meetings\20150721 Council work session\2016 Summary charts - Draft.xlsx 7/21/2015
EXPENDITURES, EXPENSES AND OTHER FINANCING USES - BY DEPARTMENT
Administration $
23,125,572 $
CITY OF EDINA
$
21,993,635
22.5%
2
18,882,055
Consolidated Draft Budget
Communications & tech.
1,205,409
1,506,574
2014
201S Draft 2016
Draft 2017
89.6%
Human resources
Actual
Budget
Budget
939,693
Budget
REVENUES AND OTHER FINANCING SOURCES
-13.6%
Finance
1,015,847
1,191,299
Property tax levy $
26,988,493 $
29,700,010 $
31,854,738
7.3%
$ 32,960,058
3.5%
Reductions
-
(123,000)
-
-100.0%
-
NA
Net tax revenue
26,988,493
29,577,010
31,854,738
7.7%
32,960,058
3.5%
Tax increments
5,052,705
100,000
2,500,000
2400.0%
2,500,000
0.0%
Franchise fees
2,055,396
2,070,000
2,090,000
1.0%
2,090,000
0.0%
Lodging tax
11,301
-
20,000
NA
20,000
0.0%
Special assessments
4,606,010
3,992,997
3,321,571
-16.8%
3,444,787
3.7%
Licenses and permits
4,583,183
3,880,080
4,048,160
4.3%
4,217,660
4.2%
Intergovernmental
4,294,999
5,169,825
4,329,550
-16.3%
2,348,550
-45.8%
Charges for services
4,270,720
4,019,494
10,665,310
165.3%
4,217,973
-60.5%
Fines and forfeitures
1,163,907
950,000
975,000
2.6%
975,000
0.0%
Operating revenue
39,886,753
42,823,745
41,158,385
-3.9%
40,788,448
-0.9%
Investment income
632,025
463,956
412,037
-11.2%
376,289
-8.7%
Other revenue
1,604,975
1,188,448
643,311
-45.9%
644,711
0.2%
Debt issued
21,335,000
4,599,895
2,917,200
-36.6%
3,619,200
24.1
Other financing sources
218,699
-
-
NA
-
NA
TOTAL REVENUES AND OTHER
14,253,910
15,458,963
8.5%
15,905,873
FINANCING SOURCES $
116.704.166 $
98.835.450 $
104.935.262
6.2%
$ 98.202.676
-6.4%
EXPENDITURES, EXPENSES AND OTHER FINANCING USES - BY DEPARTMENT
Administration $
23,125,572 $
17,960,549
$
21,993,635
22.5%
$
18,882,055
-14.1%
Communications & tech.
1,205,409
1,506,574
1,355,785
-10.0%
2,570,265
89.6%
Human resources
979,873
695,637
939,693
35.1%
81 1,495
-13.6%
Finance
1,015,847
1,191,299
1,156,525
-2.9%
1,213,493
4.9%
Public works
24,213,569
22,913,578
24,926,947
8.8%
25,475,177
2.2%
Engineering
7,796,629
13,926,591
9,431,684
-32.3%
8,629,581
-8.5%
Police
11,081,717
11,764,823
12,712,313
8.1%
12,553,801
-1.2%
Fire
6,965,287
7,134,947
7,875,851
10.4%
8,003,126
1.6%
Parks & recreation
12,933,141
13,244,427
12,515,379
-5.5%
12,970,871
3.6%
Community development
1,543,486
1,742,160
1,770,974
1.7%
1,961,125
10.7%
Debt service
7,105,222
6,654,894
6,008,988
-9.7%
6,179,315
2.8%
TOTAL EXPENDITURES, EXPENSES AND OTHER
FINANCING USES $
97,965,752 $
98,735,479
$
100,687,774
2.0%
$
99,250,304
-1.4%
EXPENDITURES, EXPENSES AND
OTHER FINANCING USES - BY
TYPE
Cost of goods sold $
10,440,199 $
10,696,828
$
9,761,579
-8.7%
$
9,803,441
0.4%
Personal services
31,436,091
32,759,604
34,152,380
4.3%
34,610,706
1.3%
Contractual services
15,439,638
14,253,910
15,458,963
8.5%
15,905,873
2.9%
Commodities
3,590,164
3,853,162
4,221,663
9.6%
4,099,252
-2.9%
Central services
4,872,724
5,154,924
5,200,539
0.9%
5,292,297
1.8%
Equipment
1,468,320
1,746,978
2,138,140
22.4%
1,456,412
-31.9%
Capital outlay
18,414,824
17,395,224
16,513,000
-5.1%
14,404,000
-12.8%
Depreciation
5,198,570
5,471,750
6,538,750
19.5%
6,913,750
5.7%
Debt service
7,105,222
7,403,099
6,702,760
-9.5%
6,764,573
0.9%
TOTAL EXPENDITURES, EXPENSES AND OTHER
FINANCING USES $
97,965,752 $
98,735,479
$
100,687,774
2.0%
$
99,250,304
-1.4%
CHANGE IN FUND BALANCE
OR NET POSITION $
18,738,414 $
99,971
$
4,247,488
$
(1,047,628)
7/21/2015
CITY OF EDINA
Draft Budget by Fund Type
Draft 2016
Governmental Enterprise
Funds Funds Total
REVENUES AND OTHER FINANCING SOURCES
OTHER FINANCING USES -
32,960,058
Property tax levy $
31,854,738 $
2,500,000
$ 31,854,738
Reductions
-
20,000
-
Net tax revenue
31,854,738
Human resources
31,854,738
Tax increments
2,500,000
4,217,660
2,500,000
Franchise fees
2,090,000
4,217,973
2,090,000
Lodging Tax
20,000
-
20,000
Special assessments
3,321,571
40,788,448
3,321,571
Licenses and permits
4,048,160
623,211
4,048,160
Intergovernmental
4,032,550
297,000
4,329,550
Charges for services
10,665,310
-
10,665,310
Fines and forfeitures
975,000
-
975,000
Operating revenue
-
41,158,385
41,158,385
Investment income
303,800
108,237
412,037
Other revenue
621,811
21,500
643,311
Transfers
300,000
568,100
868,100
Debt issued
2,917,200
2,917,200
Other financing sources
-
$
-
TOTAL REVENUES AND OTHER
OTHER FINANCING
USES -
BY TYPE
FINANCING SOURCES $
63,650,140 $
42,153,222
$ 105,803,362
c3
Draft 2017 Budget
Governmental Enterprise
Funds Funds Total
$ 32,960,058 $ - $ 32,960,058
32,960,058
OTHER FINANCING USES -
32,960,058
2,500,000
10,238,352 $
2,500,000
2,090,000
21,993,635
2,090,000
20,000
-
20,000
3,444,787
Human resources
3,444,787
4,217,660
278,254
4,217,660
2,236,550
112,000
2,348,550
4,217,973
-
4,217,973
975,000
-
975,000
-
40,788,448
40,788,448
263,400
112,889
376,289
623,211
21,500
644,711
250,000
671,295
921,295
3,619,200
-
3,619,200
EXPENDITURES, EXPENSES AND
OTHER FINANCING USES -
BY FUNCTION
Administration $
10,238,352 $
11,755,283
$
21,993,635
Communication & tech.
1,355,785
-
1,213,493
1,355,785
Human resources
939,693
-
278,254
939,693
Finance
858,132
298,393
8,003,126
1,156,525
Public works
10,289,557
14,637,390
12,970,871
24,926,947
Engineering
9,157,588
274,096
-
9,431,684
Police
12,215,859
496,454
12,712,313
Fire
7,875,851
-
7,875,851
Parks & recreation
1,728,686
10,786,693
12,515,379
Community development
1,770,974
-
1,770,974
Debt service
6,008,988
-
6,008,988
Transfers
68,100
800,000
868,100
TOTAL EXPENDITURES, EXPENSES AND OTHER
FINANCING USES $
62,507,565 $
39,048,309
$
101,555,874
EXPENDITURES, EXPENSES AND
OTHER FINANCING
USES -
BY TYPE
Cost of goods sold $
- $
9,761,579
$
9,761,579
Personal services
26,150,875
8,001,505
34,152,380
Contractual services
5,538,813
9,920,150
15,458,963
Commodities
2,194,387
2,027,276
4,221,663
Central services
3,895,262
1,305,277
5,200,539
Equipment
2,138,140
-
2,138,140
Capital outlay
16513,000
-
16,513,000
Depreciation
-
6,538,750
6,538,750
Debt service
6,008,988
693,772
6,702,760
Transfers
68,100
800,000
868,100
TOTAL EXPENDITURES, EXPENSES AND OTHER
FINANCING USES $
62,507,565 $
39,048,309
$
101,555,874
CHANGE IN FUND BALANCE
OR NET POSITION $
1,142,575 $
3,104,913
$
4,247,488
$ 57,417,839 $ 41,706,132 $ 99,123,971
6,864,249 $
12,017,806 $
18,882,055
2,570,265
-
2,570,265
811,495
-
811,495
904,089
309,404
1,213,493
10,255,643
15,219,534
25,475,177
8,351,327
278,254
8,629,581
12,046,S81
S07,220
12,553,801
8,003,126
-
8,003,126
3,223,201
9,747,670
12,970,871
1,961,125
-
1,961,125
6,179,315
-
6,179,315
71,295
850,000
921,295
$ 61,241,711 $ 38,929,888 $ 100,171,599
- $
9,803,441 $
9,803,441
27,117,571
7,493,135
34,610,706
5,809,S88
10, 096, 285
15,905,873
2,238,410
1,860,842
4,099,252
3,965,120
1,327,177
5,292,297
1,456,412
-
1,456,412
14,404,000
-
14,404,000
-
6,913,750
6,913,750
6,179,315
585,258
6,764,573
71,295
850,000
921,295
$ 61,241,711 $ 38,929,888 $ 100,171,599
$ (3,823,872) $ 2,776,244 $ (1,047,628)
7/21/2015
CITY OF EDINA 4
Draft Governmental Fund Budgets
DRAFT 2016 GOVERNMENTAL FUND BUDGETS
FUND BALANCE $ - $ 973,162 $ (52,566) $ - $ (3,639) $ 5,200 $ 2,425 $ 1,203,861 $ (104,000) $ (881,868) $ 1,142,575
7/21/2015
Braemar
Arts &
Debt Environmental
General
HRA
PACS
CDBG
Police SR
Memorial
Culture
service
Efficiency
Construction
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Total
REVENUES AND OTHER FINANCING SOURCES
Property tax levy $ 25,045,588 $
- $
- $
- $
-
$ - $
20,000 $
5,109,150 $
- $
1,680,000 $
31,854,738
Reductions -
-
-
-
-
-
Net tax revenue 25,045,588
-
-
20,000
5,109,150
-
1,680,000
31,854,738
Tax increments -
2,500,000
-
-
-
-
-
-
-
-
2,500,000
Franchise fees 790,000
-
1,200,000
-
-
-
-
-
-
100,000
2,090,000
Lodging Tax 20,000
-
-
-
-
-
-
-
-
-
20,000
Special assessments -
-
-
-
-
-
-
2,083,699
-
1,237,872
3,321,571
Licenses and permits 4,023,160
-
-
-
-
-
-
-
-
25,000
4,048,160
Intergovernmental 1,191,550
-
-
125,000
36,000
-
-
-
-
2,680,000
4,032,550
Charges for services 3,940,310
6,675,000
-
-
-
-
-
-
-
50,000
10,665,310
Fines and forfeitures 975,000
-
-
-
-
-
-
-
-
-
975,000
Investment income 120,000
75,000
-
-
300
200
-
20,000
-
88,300
303,800
Other revenue 477,900
-
-
-
134,061
5,000
4,850
-
-
-
621,811
Transfers 100,000
-
-
-
-
-
-
-
-
200,000
300,000
Debt issued -
-
-
-
-
-
-
-
-
2,917,200
2,917,200
Other financing sources -
-
-
-
-
-
TOTAL REVENUES AND OTHER
FINANCING SOURCES $ 36,683,508 $
9,250,000 $
1,200,000 $
125,000 $
170,361
$ 5,200 $
24,850 $
7,212,849 $
- $
8,978,372 $
63,650,140
EXPENDITURES AND OTHER FINANCING USES - BY DEPARTMENT
Administration $ 1,896,514 $
8,276,838 $
- $
- $
-
$ - $
- $
- $
- $
65,000 $
10,238,352
Communication & tech. 1,143,885
-
-
-
-
-
-
-
-
211,90-0
1,355,785
Human resources 789,693
-
-
-
-
-
-
-
-
150,000
939,693
Finance 833,132
-
-
-
-
-
-
-
-
25,000
858,132
Public works 8,959,162
-
-
-
-
-
-
-
104,000
1,226,395
10,289,557
Engineering 1,585,022
-
1,252,566
-
-
-
-
-
-
6,320,000
9,157,588
Police 11,003,014
-
-
-
174,000
-
-
-
-
1,038,845
12,215,859
Fire 7,453,851
-
-
-
-
-
-
-
-
422,000
7,875,851
Parks & recreation 1,373,261
-
-
-
-
-
22,425
-
-
333,000
1,728,686
Community development 1,645,974
-
-
125,000
-
-
-
-
-
-
1,770,974
Debt service -
-
-
-
-
-
-
6,008,988
-
-
6,008,988
Transfers -
-
-
-
-
-
-
68,100
68,100
TOTAL EXPENDITURES AND OTHER
FINANCING USES $ 36,683,508 $
8,276,838 $
1,252,566 $
125,000 $
174,000
$ - $
22,425 $
6,008,988 $
104,000 $
9,860,240 $
62,507,565
EXPENDITURES AND OTHER FINANCING USES - BY TYPE
Personal services $ 25,811,380 $
123,973 $
112,566 $
- $
-
$ - $
- $
- $
- $
102,956 $
26,150,875
Contractual services 4,894,026
226,865
20,000
125,000
104,000
-
20,400
-
-
148,522
5,538,813
Commodities 2,082,840
1,000
20,000
-
15,000
-
2,025
-
-
73,522
2,194,387
Central services 3,895,262
-
-
-
-
-
-
-
-
-
3,895,262
Equipment -
-
-
-
-
-
-
-
-
2,138,140
2,138,140
Capital outlay -
7,925,000
1,100,000
-
55,000
-
-
-
104,000
7,329,000
16,513,000
Debt service -
-
-
-
-
-
-
6,008,988
-
-
6,008,988
Transfers -
-
-
-
-
68,100
68,100
TOTAL EXPENDITURES AND OTHER
FINANCING USES $ 36,683,508 $
8,276,838 $
1,252,566 $
125,000 $
174,000
$ - $
22,425 $
6,008,988 $
104,000 $
9,860,240 $
62,507,565
CHANGE IN
FUND BALANCE $ - $ 973,162 $ (52,566) $ - $ (3,639) $ 5,200 $ 2,425 $ 1,203,861 $ (104,000) $ (881,868) $ 1,142,575
7/21/2015
CITY OF EDINA
Draft Governmental Fund Budgets
DRAFT 2017 GOVERNMENTAL FUND BUDGETS
EXPENDITURES AND OTHER FINANCING USES - BY DEPARTMENT
Braemar
Arcs &
Debt Envrionmental
Administration $ 1,931,816 $
4,907,433 $
- $
General
HRA
PACS
CDBG
Police SR
Memorial
Culture
Service Efficiency Construction
Communication & tech. 1,281,365
-
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Fund Fund
Fund
Total
REVENUES AND OTHER FINANCING SOURCES
-
-
-
-
-
-
811,495
Property tax levy
$ 26,425,558 $
95,000 $
- $
- $
- $
- $
20,000 $
4,669,500 $ - $
1,750,000 $
32,960,058
Reductions
-
-
-
-
-
-
-
-
1,029,262
10,255,643
Net tax revenue
26,425558
95,000
-
-
-
-
20,000
4,669,500
1,750,000
32,960,058
Tax increments
-
2,500,000
-
-
-
-
-
- -
-
2500,000
Franchise fees
790,000
-
1,200,000
-
-
-
-
- -
100,000
2,090,000
Lodging Tax
20,000
-
-
-
-
-
-
- -
-
20,000
Special assessments
-
-
-
-
-
-
-
2,083,699 -
1,36088
3,444,787
Licenses and permits
4,192,660
-
-
-
-
-
-
- -
25,000
4,217,660
Intergovernmental
1,195550
-
-
125,000
36,000
-
-
- -
880,000
2,236550
Charges for services
4,017,973
150,000
-
-
-
-
-
- -
50,000
4,217,973
Fines and forfeitures
975,000
-
-
-
-
-
-
- -
-
975,000
Investment income
120,000
60,000
-
-
300
200
-
20,000 -
62,900
263,400
Other revenue
478,800
-
-
-
134,061
5,000
5,350
- -
-
623,211
Transfers
50,000
-
-
-
-
-
-
- -
200,000
250,000
Debt issued
-
-
-
-
-
-
-
- -
3,619,200
3,619,200
Other financing sources
-
-
-
-
-
-
-
-
3,965,120
Equipment -
TOTAL REVENUES AND OTHER
-
-
-
-
-
-
1,456,412
1,456,412
FINANCING SOURCES
$ 38,265541 $
2,805,000 $
1,200,000 $
125,000 $
170,361 $
5,200 $
25,350 $
6,773,199 $ - $
8,048,188 $
57,417,839
EXPENDITURES AND OTHER FINANCING USES - BY DEPARTMENT
Administration $ 1,931,816 $
4,907,433 $
- $
- $
- $
- $
- $
- $
- $
25,000 $
6,864,249
Communication & tech. 1,281,365
-
-
-
-
-
-
-
1,288,900
2,570.265
Human resources 811,495
-
-
-
-
-
-
-
-
811,495
Finance 879,089
-
-
-
-
-
-
-
-
25,000
904,089
Public works 9,226,381
-
-
-
-
-
-
-
-
1,029,262
10,255,643
Engineering 1,639,062
-
1,167,265
-
-
-
-
-
-
5,545,000
8,351,327
Police 11,366,656
-
-
-
113,000
-
-
-
-
566,925
12,046581
Fire 7,730,126
-
-
-
-
-
-
-
273,000
8,003,126
Parks & recreation 1,458,426
-
-
-
-
-
22,450
-
-
1,742,325
3,223,201
Community development 1,806,125
-
-
125,000
-
-
-
-
-
30,000
1,961,125
Debt service -
-
-
-
-
-
-
6,179,315
-
-
6,179,315
Transfers
-
71,295
71,295
TOTAL EXPENDITURES AND OTHER
FINANCING USES $ 38,130,541 $
4,907,433 $
1,167,265 $
125,000 $
113,000 $
- $
22,450 $
6,179,315 $
71,295 $
10,525,412 $
61,241,711
EXPENDITURES AND OTHER FINANCING USES - BY TYPE
Personal services $ 26,764,679 $
129,068 $
117,265 $
- $
- $
$
- $
- $
106,559 $
27,117,571
Contractual services 5,272,577
126,865
20,000
125,000
98,000
-
20,425
-
-
146,721
5,809,588
Commodities 2,128,165
1,500
20,000
-
15,000
-
2,025
-
-
71,720
2,238,410
Central services 3,965,120
-
-
-
-
-
-
-
-
3,965,120
Equipment -
-
-
-
-
-
-
-
1,456,412
1,456,412
Capital outlay -
4,650,000
1,010,000
-
-
-
-
-
8,744,000
14,404,000
Debt service
-
-
-
-
-
6,179,315
-
-
6,179,315
Transfers
71,295
71,295
TOTAL EXPENDITURES AND OTHER
FINANCING USES $ 38,130.541 $
4,907.433 $
1,167,265 $
125,000 $
113,000 $
- $
22,450 $
6,179,315 $
71,295 $
10,525,412 $
61,241,711
CHANGE IN
FUND BALANCE $ 135,000 $ (2,102,433) $
32,735 $
- $
57,361 $
5,200 $
2,900 $
593,884 $
(71,295) $
(2477,224) $
(3,823,872)
NP4001P
CITY OF EDINA
Draft Enterprise Fund Budgets
6
CHANGE IN NET POSITION
$ 4,179,677 $ (31,026) $ 68,804 $ (237,965) $ (175,193) $ (322,112) $ (22,781) $ (212,557) $ (141,934) $ 3,104,913
7/21/2015
2016 ENTERPRISE FUND BUDGETS
Aquatic
Golf
Sports
Art
Utilities
Liquor
Center
Course
Arena
Dome
Center
Edinborough
Centennial
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Total
REVENUES AND TRANSFERS IN
Operating revenues $
19,604,773
$ 12,414,257
$ 975,477
$ 2,955,168
$ 2,230,250
$ 396,310
$
453,350
$ 1,350,800
$ 778,000
$ 41,158,385
Intergovernmental
297,000
-
-
-
-
-
-
-
-
297,000
Investment income
74,237
-
7,000
2,000
3,000
3,000
14,000
5,000
108,237
Other revenue
10,000
10,000
-
-
-
1,500
-
-
21,500
Transfers
-
-
-
200,000
-
200,000
33,100
135,000
568,100
TOTAL REVENUES AND
TRANSFERS IN $
19,986,010
$ 12,424,257
$ 982,477
$ 2,955,168
$ 2,432,250
$ 399,310
$
657,850
$ 1,397,900
$ 918,000
$ 42,153,222
EXPENSES AND TRANSFERS OUT
- BY DEPARTMENT
Administration $
-
$ 11,755,283
$ -
$ -
$ -
$ -
$
-
$ -
$ -
$ 11,755,283
Finance
298,393
-
298,393
Public works
14,637,390
14,637,390
Engineering
274,096
274,096
Police
496,454
496,454
Parks and recreation
-
-
913,673
3,193,133
2,607,443
721,422
680,631
1,610,457
1,059,934
10,786,693
Transfers
100,000
700,000
-
-
-
-
-
-
-
800,000
TOTAL EXPENSES AND
TRANSFERS OUT $
15,806,333
$ 12,455,283
$ 913,673
$ 3,193,133
$ 2,607,443
$ 721,422
$
680,631
$ 1,610,457
$ 1,059,934
$ 39,048,309
EXPENSES AND TRANSFERS OUT
- BY TYPE
COGS $
-
$ 9,326,730
$ 42,000
$ 185,599
$ 105,500
$ -
$
2,750
$ 85,000
$ 14,000
$ 9,761,579
Personal services
2,041,750
1,492,365
331,305
1,356,923
871,133
58,272
439,729
774,962
635,066
8,001,505
Contractual services
7,211,595
517,906
179,200
490,794
729,950
148,180
106,350
352,250
183,925
9,920,150
Commodities
1,065,750
74,009
89,150
313,990
104,250
3,277
71,250
169,800
135,800
2,027,276
Central services
684,075
249,773
28,495
121,423
65,428
11,693
36.552
56,695
51,143
1,305,277
Depreciation
4,227,000
94,500
241,500
640,000
600,000
500,000
24,000
171,750
40,000
6,538,750
Interest
476,163
-
2,023
84,404
131,182
-
-
-
-
693,772
Transfers
100,000
700,000
-
-
-
-
-
-
-
800,000
TOTAL EXPENSES AND
TRANSFERS OUT $
15,806,333
$ 12,455,283
$ 913,673
$ 3,193,133
$ 2,607,443
$ 721,422
$
680,631
$ 1,610,457
$ 1,059,934
$ 39,048,309
CHANGE IN NET POSITION
$ 4,179,677 $ (31,026) $ 68,804 $ (237,965) $ (175,193) $ (322,112) $ (22,781) $ (212,557) $ (141,934) $ 3,104,913
7/21/2015
CITY OF EDINA 7
Draft Enterprise Fund Budgets
2017 ENTERPRISE FUND BUDGETS
Aquatic Golf Sports Art
Utilities Liquor Center Course Arena Dome Center Edinborough Centennial
Fund Fund Fund Fund Fund Fund Fund Fund Fund Total
REVENUES AND TRANSFERS IN
Operating revenues $ 20,580,555 $
12,667,946
$ 1,014,186
$ 1,273,301
$ 2,250,500
$ 401,810
$ 453,350
$ 1,362,800
$ 784,000
$ 40,788,448
Intergovernmental 112,000
-
-
-
-
-
-
-
-
112,000
Investment income 79,889
-
3,000
4,000
5,000
3,000
13,000
5,000
112,889
Other revenue 10,000
10,000
-
-
-
1,500
-
-
21,500
Transfers
-
200,000
-
200,000
71,295
200,000
671,295
TOTAL REVENUES AND
TRANSFERS IN $ 20,782,444 $
12,677,946
$ 1,017,186
$ 1,273,301
$ 2,454,500
$ 406,810
$ 657,850
$ 1,447,095
$ 989,000
$ 41,706,132
EXPENSES AND TRANSFERS OUT - BY DEPARTMENT
Administration $ - $
12,017,806
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ 12,017,806
Finance 309,404
-
309,404
Public works 15,219,534
15,219,534
Engineering 278,254
278,254
Police 507,220
507,220
Parks and recreation -
-
929,057
2,006,644
2,648,707
735,927
702,148
1,647,941
1,077,246
9,747,670
Transfers 100,000
750,000
-
-
-
-
-
-
-
850,000
TOTAL EXPENSES AND
TRANSFERS OUT $ 16,414,412 $
12,767,806
$ 929,057
$ 2,006,644
$ 2,648,707
$ 735,927
$ 702,148
$ 1,647,941
$ 1,077,246
$ 38,929,888
EXPENSES AND TRANSFERS OUT - BY TYPE
COGS $ - $
9,517,071
$ 42,000
$ 37,120
$ 105,500
$ -
$ 1750
$ 85,000
$ 14,000
$ 9,803,441
Personal services 2,123,424
1,551,432
343,354
584,204
905,311
60,424
456,631
807,256
661,099
7,493,135
Contractual services 7,499,526
526,879
179,200
367,175
729,950
149,930
107,950
351,750
183,925
10,096,285
Commodities 1,116,700
75,032
89,150
104,085
104,750
3,725
73,800
169,800
123,800
1,860,842
Central services 697,990
252,892
28,840
123,021
66,262
11,848
37,017
57,385
51,922
1,327,177
Depreciation 4,499,500
94,500
246,500
710,000
610,000
510,000
24,000
176,750
42,500
6,913,750
Interest 377,272
-
13
81,039
126,934
-
-
-
-
585,258
Transfers 100,000
750,000
-
-
-
-
-
850,000
TOTAL EXPENSES AND
TRANSFERS OUT $ 16,414,412 $
12,767,806
$ 929,057
$ 2,006,644
$ 2,648,707
$ 735,927
$ 702,148
$ 1,647,941
$ 1,077,246
$ 38,929,888
CHANGE IN NET
POSITION $ 4,368,032 $ (89,860) $ 88,129 $ (733,343) $ (194,207) $ (329,117) $ (44,298) $ (200,846) $ (88,246) $ 2,776,244
7/21/2015
CITY OF EDINA
Draft Tax Levies
Total Property Tax Levy Increases vs. General Fund
Expenditures
10.00% Braemar Field Levy Liquor
8.00% revenue
6.00%
decrease
4.00%
2.00%
0.00%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
■ Total Levy Increase % ■ Change in expenditures
Future wants and needs not included in projection above:
$450K New employee requests other than GIS
$300-$500K GIS Coordinator plus CIP items
$500K Replacement for park maintenance fees
*$300K-$ I M CIP levy
*$200K Deferred street maintenance
$350K Weber Woods (3 years only)
*$? Grandview capital & operating
*$? Fred Richards plan & capital
$? Braemar Park plan & capital
* denotes 2016-2017 work plan item
Estimated Additional Impact
1.5%
1.5%-2%
1.5%
1%-3%
<1%
I%
0%-?
0%-?
0%-?
G:\Budget and CIP\2016 Budget\Meetings\20150721 Council work session\2016 Summary charts - Draft.xlsx 7/20/2015