HomeMy WebLinkAboutResolution No. 2015-121 Setting 2016 Budget & Tax Levy ok e
RESOLUTION NO. 2015-121
RESOLUTION ADOPTING THE BUDGET FOR
THE CITY OF EDINA FOR THE YEAR 2016, AND
ESTABLISHING TAX LEVY FOR YEAR 2016, PAYABLE IN 2016
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 2016
is hereby adopted as after this set forth, and funds are hereby appropriated therefore:
2016 GOVERNMENTAL FUND BUDGETS
Braemar Arts& Debt Environmental
General HRA PACS CAS CDBG Police SR Memorial Culture Service Efficiency Construction
Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Total
REVENUES AND OTHER FINANCING SOURCES
Property tax levy $ 25,023,952 $ - $ - $ - $ - $ - $ - $ 20,000 $ 5,075,171 $ - $ 1,680,000 $ 31,799,123
Reductions - - - - - - - -
Nettaxrevenue 25,023,952 - - - - 20,000 5,075,171 - 1,680,000 31,799,123
Tax increments - 2,500,000 - - - - - - - - - 2,500,000
Franchise fees&other taxes 810,000 - 1,200,000 200,000 - - - - - 105,000 2,315,000
Special assessments - - - - - - - - - - 4,127,890 4,127,890
Licenses and permits 4,023,160 - - - - - - - - 90,000 4,113,160
Intergovernmental 1,191,550 - - - 125,000 36,000 - - - - 3,090,000 4,442,550
Charges for services 3,940,310 50,000 - - - - - - - - 35,000 4,025,310
Fines and forfeitures 975,000 - - - - - - - - - - 975,000
Investment income 120,000 77,000 - - - 300 200 - 10,000 - 70,000 277,500
• Other revenue 477,900 - - = 134,061 5,000 4,850 - - 100,000 721,811
Transfers 100,000 2,630,628 200,000 2,930,628
Debt issued - - - - - - - - - 3,852,396 3,852,396
Other financing sources - - - - -
TOTAL REVENUES AND OTHER
FINANCING SOURCES 36,661,872 2,627,000 1,200,000 200,000 125,000 170,361 5,200 24,850 7,715,799 13,350,286 62,080,368
EXPENDITURES AND OTHER FINANCING USES-BY DEPARTMENT
Administration 1,896,810 4,780,835 - - - - - - - 25,000 6,702,645
Communication&tech. 1,104,618 - - - - - - - - - 749,129 1,853,747
Human resources 790,345 - - - - - - - - - 790,345
Finance 833,624 - - - - - - - - - 50,000 883,624
Public works 8,926,600 - - - - - - - - 104,000 1,251,836 10,282,436
Engineering 1,585,209 - 1,252,566 153,126 - - - - - 8,251.528 11,242,429
Police 11,045,546 - - - - 174,000 - - - - 732,650 11,952,196
Fire 7,457,253 - - - - - - - - - 695,000 8,152,253
Parks&recreation 1.374,922 - - - - - - 22,425 - - 323,100 1,720,447
Community development 1,646,945 - - - 125,000 - - - - - - 1,771,945
Debt service - - - - - - - - 7,552,545 - - 7,552,545
Transfers - - - - - - - - - 2,630,628 2.630,628
TOTAL EXPENDITURES AND OTHER
FINANCING USES 36,661,872 4,780,835 1,252,566 153,126 125,000 174,000 - 22,425 7,552,545 104,000 14,708,871 65,535,240
EXPENDITURES AND OTHER FINANCING USES-BY TYPE
Personal services 25,797,378 123,970 112,566 103,126 - - - - - - 102,803 26,239,843
Contractual services 4,858,026 655,865 20,000 35,000 125,000 104,000 - 20,400 - - 214,760 6,033.051
Commodities 2,082,840 1,000 20,000 15,000 - 15,000 - 2,025 - - 26,149 2,162,014
Central services 3,923,628 - - - - - - - - - 1,968 3,925,596
Equipment - - - - - 55,000 - - - - 2,058,177 2,113,177
Capital outlay - 4,000,000 1,100,000 - - - - - - 104,000 9,674,386 14,878,386
Debt service - - - - - - - - 7,552,545 - - 7,552,545
Transfers - - - - - - _ - 2,630,628 2,630,628
TOTAL EXPENDITURES AND OTHER
FINANCING USES 36,661,872 4,780,835 1,252,566 153,126 125,000 174,000 - 22,425 7,552,545 10000 14,708,871 65,535,240
• CHANGE IN
FUND BALANCE $ - $(2,153,835) $ (52,566) $ 46,874 $ - $ (3,639) $ 5,200 $ 2,425 $ 163,254 $ (104,000) $ (1,358,585) $ (3,454,872)
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 2016 is
hereby adopted as after this set forth, and funds are hereby appropriated therefore:
2016 ENTERPRISE FUND BUDGETS
Aquatic Golf Sports Art Risk
Utilities Liquor Center Course Arena Dome Center Edinborough Centennial Management
Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Total
REVENUES AND TRANSFERS IN
Operating revenues $ 19,704,773 $ 12,414,257 $ 975,477 $ 2,955,168 $ 2,230,250 $ 396,310 $ 453,350 $ 1,350,800 $ 779,000 $ 731,508 $ 41,990,893
Intergovernmental 297,000 297,000
Investment income 74,237 7,000 8,000 2,000 3,000 2,000 14,000 3,000 113,237
Other revenue 10,000 10,000 1,500 21,500
Transfers 150,000 200,000 100,000 50,000 500,000
TOTAL REVENUES AND
TRANSFERS IN 20,086,010 12,424,257 982,477 3,113,168 2,432,250 399,310 556,850 1,364,800 832,000 731,508 42,922,630
EXPENSES AND TRANSFERS OUT-BY DEPARTMENT
Administration 11,762,118 11,762,118
Human resources 665,000 665,000
Finance 298,393 298,393
Public works 14,783,880 14,783,880
Engineering 239,096 239,096
Police 496,970 496,970
Parks and recreation 918,406 3,202,114 2,610,691 721,441 684,447 1,622,702 1,069,487 10,829,288
Transfers 100,000 700,000 800,000
TOTAL EXPENSES AND
TRANSFERS OUT 15,918,339 12,462,118 918,406 3,202,114 2,610,691 721,441 684,447 1,622,702 1,069,487 665,000 39,874,745
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 2,055,038 1,492,365 331,305 1,356,923 871,133 58,272 439,729 774,962 635,066 60,000 8,074,793
Contractual services 7,312,068 517,906 179,200 490,794 729,950 148,180 106,350 352,250 183,925 605,000 10,625,623
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 682,310 256,608 33,228 130,404 68,676 11,712 40,368 68,940 60,696 1,352,952
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 15,918,339 12,462,118 918,406 3,202,114 2,610,691 721,441 684,447 1,622,702 1,069,487 665,000 39,874,745
CHANGE IN NET
POSITION $ 4,167,671 $ (37,861) $ 64,071 $ (88,946) $ (178,441) $ (322,131) $ (127,597) $ (257,902) $ (237,487) $ 66,508 $ 3,047,885
• 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 $ 25,023,952
ARTS & CULTURE FUND $ 20,000
CONSTRUCTION FUND—EQUIPMENT LEVY $ 1,680,000
LEVY FOR PAYMENT OF CIP BONDS — SERIES 2010A (City Hall) $ 946,000
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS - SERIES 2015A $ 385,901
(Gym)
LEVY FOR PAYMENT OF CIP BONDS - SERIES 2007A (Fire) $ 443,000
LEVY FOR PAYMENT OF PUBLIC WORKS FACILITY DEBT $ 1,561,000
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS — SERIES 2014 $ 1,167,620
(Sports Dome)
TOTAL TAX CAPACITY LEVY $ 31,227,473
Section 6. 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 1996B/2005A/LB $ 571,650
Passed and adopted byte City Council on December 15, 2
ATTEST: IN044 A�AIJ
Debra A. Mangen, ity rk mes B. Hovland, 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 15, 2015, and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of 20_
City Clerk
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