HomeMy WebLinkAboutResolution No. 2014-162 Budget & Tax Levy for 2015 91NA,
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RESOLUTION NO. 2014-162
RESOLUTION ADOPTING THE BUDGET FOR
THE CITY OF EDINA FOR THE YEAR 2015, AND
ESTABLISHING TAX LEVY FOR YEAR 2015, PAYABLE IN 2015
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 2015
is hereby adopted as after this set forth, and funds are hereby appropriated therefore:
2015 GOVERNMENTAL FUND BUDGETS
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 Eau levy $ 22,933,958 $ - $ - $ - $ - $ - $ 20,000 $ 5,128,980$ - $ 1,617,072 $ 29,700,010
Reductions
(123,000) - - - - - (123,000)
Net tax revenue 22,810,958 - - - 20,000 5,128,980 - 1,617,072 r 29,577,010
_ _ - - 100,000
Tax increments - 100,000 - -
Franchise fees 770.000 - - 1,200,000 - - - - - - 100,000 2,070,000
Special assessments - 2,083,699 - 1,909,298s 3,992,997
S
P 50,000 3,880,080
Licenses and permits 3,830,080` - -
Intergovernmental 1.113.500 - _ 100.000 115.325 - - - - 3.725.000 5.053.825
50,000 4,019,494
Charges for services 3,969,494
950,000
Fines and forfeitures 950,000
Investment income 150,000 94,000 - - 300 200 - 20,000 - 62,900 327,400
Other revenue 461,100 - - - 57,821 7,000 23,000 - - 580,000 1,128,921
Transfers 765,100 - - - - - - - - 300,000 1,065,100
Debt issued - - - - - - - - - 4,599,895' 4,599,895
Other financing sources - -
TOTAL REVENUES AND OTHER
FINANCING SOURCES $ 34,820,232 $ 194,000 $ 1,200,000 $ 100,000 $ 173,446 $ 7,200 r$ 43,000 $ 7,232,679 r$ $ 12,994,165 $ 56,764,722
EXPENDITURES AND OTHER FINANCING USES-BY DEPARTMENT 25,000 $ 5,454,025
Administration $ 1,619,238 $ 3,809,787 $ - $ - $ - $ - $ $ - $ $
465,900 1,506,574
Communication&tech. 1,040,674 - - -
_
Human resources 695,637 - - - 695,637 .
- 904,918
Finance 904,918 - - - '
Public works 8,459,610 - - - - - - - 327,036 776,872 9,563,518
Engineering 1,735,095 - 1,551,303 - - - - - - 10,463,193 13,749,591
Police 10,357,415 - - - 61,000 - - - 905,000 11.323,415
Fire 7,007,398 - - - - - - - 41,000 86,549 7,134,947
Parks&recreation 1,388,087 - - - - 240,000 22,907 - 150,915 852,178 2,654,087
Community development 1,612,160 - - 100,000 - - - - - 30,000 1,742,160
Debt service - - - - - - - 6,654,894 - 6,654,894
327,178 327,178
Transfers - - - -
TOTAL EXPENDITURES AND OTHER
FINANCING USES $ 34,820,232 $ 3.809,787 $ 1,551,303 $ 100.000 $ 61,000 $ 240,000 $ 22,907 $ 6,654,894 $ 518,951 $ 13,931,870 $ 61,710,944
EXPENDITURES AND OTHER FINANCING USES-By TYPE
Personal services $ 24,798,774 $ 118,467 $ - $ - $ - $ - $ - $ - $ - $ 106, $ 25,023,800
Contractual services 4,469,594 6,120 23,000 100,000 56,000 - 21,057 - - 146.772121 4.822,492
Commodities 1,773,292 200 28,000 - 5,000 71,720 1,880,062
Central services 3,778,572 81,744 - - - - - - - 3,860,316
40,000E - - 180,600 1,526,372 1,746,978
Equipment - -
,000 - 338,345 11,753,320 17,395,224
200
Capital outlay - 3,685,000 1,418,559' - - -
6,654,894
Debt service - - - - - - - 6,654,894
327.178 327,178
Transfers
• TOTAL EXPENDITURES AND OTHER
FINANCING USES $ 34,820,232 $ 3,809,787 $ 1,551,303 $ 100,000 $ 61,000 $ 240,000 $ 22,907 $ 6,654,894 $ 518,951 $ 13,931,670 $ 61,710,944
CHANGEIN
FUND BALANCE $ - $(3,615,787) $ (351,303) $ - $ 112,446 $ (232,800) $ 20,093 $ 577,785 $ (518,951) $ (937,705)
CITY OF EDINA
4801 West 50th Street•Edina,Minnesota 55424
www.EdinaMN.gov e 952-927-8861 •Fax 952-826-0390
Section 2: The Budgets for all Enterprise Funds for the City of Edina for the calendar year 2015 is
hereby adopted as after this set forth, and funds are hereby appropriated therefore:
2015 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 $19,433,473 $14,367,118 $ 1,023,000 $ 3,014,025 $ 2,017,519 $ 381,860 $ 445,950 $ 1,354,800 $ 786,000 $42,823,745
Intergovernmental 116,000 - - - - - 116,000
Investment income 96,556 - 15,000 25,000 136,556
Other revenue 56,527 - 3,000 - 59,527
Transfers 485,000 230,000 243,578 253,600 1,212,178
TOTAL REVENUES AND
TRANSFERS IN $19,702,556 $14,367,118 $ 1,023,000 $ 3,499,025 $ 2,247,519 $ 381,860 $ 692,528 $ 1,623,400 $ 811,000 $44,348,006
EXPENSES AND TRANSFERS OUT-BY DEPARTMENT
Administration $ - $12,506,524 $ $ $ - $ - $ - $ - $ - $12,506524
Finance 286,381 - 286,381
Public works 13,350,060 13,350,060
Engineering 177,000 177,000
• Police 441,408 441,408
Parks and recreation 938,625 3,358,756 2,423,956 554,090 683,306 1,616,747 1,014,860 10,590,340
Transfers 100,000 1,850,100 1,950,100
TOTAL EXPENSES AND
TRANSFERS OUT $14,354,849 $14,356,624 $ 938,625 $ 3,358,756 $ 2,423,956 $ 554,090 $ 683,306 $ 1,616,747 $ 1,014,860 $39,301,813
EXPENSES AND TRANSFERS OUT-BY TYPE
COGS $ - $10,198,628 $ 46,000 $ 225,200 $ 85,000 $ - $ 23,000 $ 105,000 $ 14,000 $10,696,828
Personal services 1,732,897 1,419,298 371,593 1,453,368 885,513 54,440 449,431 745,581 623,683 7,735,804
Contractual services 6,723,540 522,928 162,300 596,800 612,750 171,650 101,175 362,650 177,625 9,431,418
Commodities 999,500 63,150 89,650 380,800 96,950 3,000 48,300 183,450 108,300 1,973,100
Central services 708,588 227,520 27,108 132,588 58,836 - 35,400 53,316 51,252 1,294,608
Depreciation 3,487,500 75,000 236,500 570,000 545,000 325,000 26,000 166,750 40,000 5,471,750
Interest 602,824 - 5,474 139,907 748,205
Transfers 100,000 1,850,100 1,950,100
TOTAL EXPENSES AND
TRANSFERS OUT $14,354,849 $14,356,624 $ 938,625 $ 3,358,756 $ 2,423,956 $ 554,090 $ 683,306 $ 1,616,747 $ 1,014,860 $39,301,813
CHANGE IN NET
POSITION $ 5,347,707 $ 10,494 $ 84,375 $ 140,269 $ (176,437) $ (172,230) $ 9,222 $ 6,653 $ (203,860) $ 5,046,193
•
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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 $ 22,933,958
ARTS & CULTURE FUND $ 20,000
CONSTRUCTION FUND—EQUIPMENT LEVY $ 1,617,072
LEVY FOR PAYMENT OF CIP BONDS —SERIES 2010A $ 944,400
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT $ 409,440
BONDS - SERIES 2005A
LEVY FOR PAYMENT OF CIP BONDS - SERIES 2007A $ 441,940
LEVY FOR PAYMENT OF PUBLIC WORKS FACILITY $ 1,546,600
DEBT
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT $ 1.168,000
BONDS—SERIES 2014
TOTAL LEVY $ 29,081,410
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 199613/2005 2 1 B $ 618,600
Passed and adopted by the City Council on December 16 0
ATTEST:
Debra A. Mangen, ity CI r James I§. Hovlan , 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 16, 2014, and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of 120
City Clerk