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Home My WebLink About2018-01-04 Summary Budget Statement AFFIDAVIT OF PUBLICATION STATE OF MINNESOTA )ss COUNTY OF HENNEPIN Darlene MacPherson being duly sworn on an oath, states or affirms that he/she is the Publisher's Designated Agent of the newspa- per(s)known as: SC Edina with the known office of issue being located in the county of: HENNEPIN with additional circulation in the counties of: HENNEPIN and has full knowledge of the facts stated below: (A)The newspaper has complied with all of the requirements constituting qualifica- tion as a qualified newspaper as provided by Minn. Stat.§331A.02. (B)This Public Notice was printed and pub- lished in said newspaper(s) once each week, for 1 successive week(s); the first insertion being on 01/04/2018 and the last insertion being on 01/04/2018. MORTGAGE FORECLOSURE NOTICES Pursuant to Minnesota Stat. §580.033 relating to the publication of mortgage foreclosure notices: The newspaper complies with the conditions described in §580.033, subd. 1, clause (1) or(2). If the newspaper's known office of issue is located in a county adjoining the county where the mortgaged premises or some part of the mortgaged premises described in the notice are located, a substantial portion of the newspaper's circulation is in the latter county. By: `? Designated Agent Subscribed and sworn to or affirmed before me on 01/04/2018 by Darlene MacPherson. Notary Public mp !211ri r .' MARLENE M. MITCHEI L c Notary Public-Minnesota '�w;jal My Commissm Expires Jan 31,2020 IO HVMV VNY1ti'NlV1G�e1iVYVvIM`.'�MjSA/VLL\!`{F Rate Information: (1)Lowest classified rate paid by commercial users for comparable space: $34.45 per column inch Ad ID 769179 CITY OF EDINA 4801 WEST 50TH STREET EDINA,MINNESOTA 55424 2018 SUMMARY BUDGET STATEMENT The purpose of this report is to provide summary budget information concerning the City of Edina to inter- ested citizens.The budget is published in accordance with Minn.Stat.471.6965.This budget is not complete: the complete budget may be examined at City Hall,4801 W.50th St.,Edina,MN 55424 oron the City's website www.edinamn.gov.The city council approved this budget on December 6,2017. Governmental Funds 2018 Adopted Budget Budgeted Governmental Funds 2018 Budget 2017 Budget REVENUES PROPERTY TAXES $35,784,777 $33,822,369 TAX INCREMENTS 4,900,000 2,500,000 ALL OTHER TAXES FRANCHISE 2,647,500 2,365,000 SPECIAL ASSESSMENTS 4,053,411 4,612,026 LICENSES AND PERMITS 4,426,930 4,282,660 INTERGOVERNMENTAL REVENUES FEDERAL 185,000 181,000 STATE 2,648,573 2,550,550 CHARGES FOR SERVICES 11,592,004 11,327,973 FINES AND FORFEITS 900,000 975,000 INTEREST ON INVESTMENTS 401,779 262,500 MISCELLANEOUS REVENUES 884.761 623,211 TOTAL REVENUES 68,424,735 63,502.289 OTHER FINANCING SOURCES PROCEEDS FROM BORROWING 2,817,566 3,108,982 OTHER FINANCE SOURCES - - TRANSFERS FROM OTHER FUNDS 3,476,023 3 100 783 TOTAL OTHER FINANCING SOURCES 6,293,589 6.209,765 TOTAL REVENUE AND OTHER FIN SOURCE 74,718,324 69,712,054 EXPENDITURES GENERAL GOVERNMENT 7,399,862 6,146,595 PUBLIC SAFETY 19,939,896 19,298,174 STREET AND HIGHWAYS 8,660,564 11,884,730 HUMAN SERVICES 135,543 132,885 HEALTH 614,903 550,513 CULTURE AND RECREATION 5,409,732 1,619,956 ECONOMIC DEVELOPMENT 847,595 810,433 TOTAL CURRENT EXPENDITURES 43,008,095 40,443,286 OTHER FINANCING USES DEBT SERVICE PRINCIPAL 5,520,000 9,281,375 INTEREST AND FISCAL CHARGES 2,080,886 2,269,586 STREETS AND HIGHWAYS CONSTRUCTION 6,007,946 5,795,309 CAPITAL OUTLAY 22,790,697 12,616,622 TRANSFER TO OTHER FUNDS 3,226,023 2 850 783 TOTAL OTHER FINANCE USES 39.625,552 32,813,675 TOTAL EXPENDITURES AND OTHER FIN USES 82,633,647 73,256,961 INCREASE(DECREASE)IN FUND BALANCE (7.915,323) (3,544,907) TOTAL PROPERTY TAX LEVY 35,784,777 33,822,369 Enterprise Funds 2018 Adopted Budget 2018 2017 Utility Liquor Other Budget Budget Sales 13,500,777 $13,500,777 $12,667,946 Cost of Sales 9.844,830 9,844.830 9,517,071 Gross Profit 3,655,947 3,655,947 3,150,875 Operating Revenues Charges for Services $21.760,911 - $8.608.152 30,369.063 29.163.387 Total Operating Revenues 21,760,911 3,655,947 8,608,152 34,025,010 32,314,262 Operating Expenses Cost of goods sold - - 333,250 333,250 286,370 Personal Services 2,488,113 1,505,235 4,404,729 8,398,077 7,533,347 Contractual Services 7,871,381 530,105 2,912,650 11,314,136 10,806,781 Commodities 1,052,050 76,435 746,050 1,874,535 1,860,842 Central Services 775,092 280,248 486,792 1,542,132 1,451,413 Depreciation 4,995,000 101 500 2,549,750 7 646 250 6,913,750 Total Operating Expenses 17,181,636 2,493,523 11 433 221 31.108 380 28,852,503 Operating Income 4,579,275 1,162,424 (2,825,069) 2,916,630 3,461,759 Nonoperating Revenues(Expenses) Intergovernmental Revenue 210,000 - - 210,000 112,000 Investment Earnings 83,000 - 70,000 153,000 117,889 Other Revenue 2,000 25,000 9,000 36,000 21,500 Interest Charges (603.979) - (427.635) (1,031,614) (585,258) Total Nonoperating Revenue (Expense) (308,979) 25,000 (348,635) (632,614) (333,869) Income(Loss)Before Transfers 4,270,296 1,187,424 (3,173,704) 2,284,016 3,127,890 Transfers In(Out) (100,000) (800.000) 650,000 (250,000) (250,000) Change in Net Position 4.170 296 387,424 (2,523,704) 2.034,016 2,877,890 Published in the Edina Sun Current January 4,2018 769179