HomeMy WebLinkAboutResolution No. 2019-106 Adopting 2020 Budget and Establish Tax Levys a ailable to pay the required
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aures B. Hovlan , ayor
Approv cennber 2019.
Attest:
Sha on A ison, City Clerk
RESOLUTION NO. 2019-106
A RESOLUTION ADOPTING THE BUDGET FOR THE CITY OF EDINA FOR YEAR
2020, AND ESTABLISHING THE TAX LEVY PAYABLE IN 2020
THE CITY COUNCIL OF THE CITY OF EDINA, MINNESOTA, DOES RESOLVE AS
FOLLOWS:
Section I. The Budgets for all Governmental Funds as shown on Attachment A for the City of Edina for
the calendar year 2020 is hereby adopted and funds are hereby appropriated;
Section 2. The Budgets for all Enterprise Funds as shown on Attachment B for the City of Edina for the
calendar year 2020 is hereby adopted and funds are hereby appropriated;
Section 3. That there will be levied upon all taxable real and personal property in the City of Edina, a tax
rate sufficient to produce the amount as follows:
FOR GENERAL FUND $32,021,243
FOR CONSTRUCTION FUND $2,830,000
FOR ARTS AND CULTURE FUND $20,000
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 20I6A (Fire) $402,000
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 2010A (City Hall) $952,000
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 2017C (PW) $1,043,000
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 2013A (PW) $448,600
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS — SERIES 2009A (PW)$196,400
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS — SERIES 2014 (Dome)$ I , 163,300
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS — SERIES 20I5A (Gym)$391,000
TOTAL TAX CAPACITY LEVY $39,467,543
heduled levy for the Series Section 3. That the 2020 budget and tax levy incorporate revisions to th
20I9A General Obligation Bonds (Fire Equipment) due to sufficient fun
debt service.
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 3, 2019 and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this
day of , 20
City Clerk
CITY OF EDINA
4801 West 50th Street • Edina, Minnesota 55424
www.EdinaMN.gov • 952-927-8861 • Fax 952-826-0389
Attachment A CITY OF EDINA
Proposed Governmental Fund Budgets
2020 GOVERNMENTAL FUND BUDGETS
General
Fund
HRA
Fund
PACS
Fund
CAS
Fund
CDBG
Fund
Braemar
Police SR Memorial
Fund Fund
Arts &
Culture
Fund
Debt
Service
Fund
Construction
Fund Total
REVENUES AND OTHER FINANCING SOURCES
Property tax levy $ 32,021,243 $ 192,000 $ - $ - $ - $ - $ - $ 20,000 $ 4,596,300 $ 2,830,000 $ 39,659,543
Tax increments - 6,708,700 6,708,700
Franchise fees & other taxes 877,000 1,200,000 1,000,000 105,000 3,182,000
Special assessments 4,102,231 4,102,231
Licenses and permits 5,066,561 78,000 5,144,561
Intergovernmental 1,753,218 125,000 2,460,960 4,339,178
Charges for services 5,465,499 2,000 200,000 5,667,499
Fines and forfeitures 950,000 - - - - 950,000
Investment income 150,000 235,058 1,060 5,190 5 2,007 485 8,000 225,000 626,805
Other revenue 475,700 7,000 172,061 2,500 2.500 659,761
Transfers 50,000 - 3,500,165 275,000 3,825,165
Loan received
Debt issued - 3,659,279 3,659,279
Other financing sources 90,375 1,900,000 1,990,375
TOTAL REVENUES AND OTHER
FINANCING SOURCES 46,899,596 9,037,758 1,201,060 1,012,190 125,000 172,066 4,507 22,985 8,104,465 13,935,470 80,515,097
EXPENDITURES AND OTHER FINANCING USES - BY DEPARTMENT
Administration 2,439,333 6,784,124 1,133,523 10,356,980
Communication & tech. 1,338,881 293,800 1,632,681
Human resources 1,288,736 1,288,736
Finance 1,180,227 500,000 1,680,227
Public works 6,852,480 1,932,056 8,784,536
Engineering 1,920,392 1,520,802 7,417,998 10,859,192
Police 13,947,203 - 96,585 499,000 14,542,788
Fire 10,171,998 - 1,411,432 11,583,430
Parks & recreation 5,846,867 14.600 267,325 6,128,792
Community development 1,913,479 125,000 190,000 2,228,479
Loan issued - - -
Debt service 7,850,224 - 7.850,224
Transfers 3,500,165 3,500,165
TOTAL EXPENDITURES AND OTHER
FINANCING USES 46,899.596 6,784,124 1,520,802 1,133,523 125,000 96,585 14,600 7,850,224 16,011,776 80,436,230
EXPENDITURES AND OTHER FINANCING USES - BY TYPE
Personal services 33,018,357 182,624 115,642 158,035 100,702 33,575,360
Contractual services 6,736,208 1,638,000 75,000 103,000 125,000 89,085 14,000 294,826 9,075,119
Commodities 2,567,739 2,500 15,000 7,500 600 23,448 2,616,787
Internal services 4,577,292 7,200 7,488 780 4,592,760
Equipment - 2,825,257 2,825,257
Capital ouday 4,961,000 1,307,960 865,000 9,266,598 16,400,558
Loan issued - -
Debt service 7,850,224 - 7,850,224
Transfers 3,500,165 3,500.165
TOTAL EXPENDITURES AND OTHER
FINANCING USES 46,899,596 6,784,124 1,520,802 1,133,523 125,000 96,585 14,600 7,850,224 16,011,776 80,436,230
CHANGE IN
FUND BALANCE - $ 2,253,634 $ (319,742) (121,333) $ $ 75,481 $ 4,507 $ 8,385 $ 254,241 $ (2,076,306) $ 78,867
Attachment B CITY OF EDINA
Proposed Enterprise Fund Budgets
2020 ENTERPRISE FUND BUDGETS
Utilities
Fund
Liquor
Fund
Aquatic
Center
Fund
Golf
Course
Fund
Arena
Fund
Sports
Dome
Fund
Art
Center
Fund
Edinborough
Fund
Centennial
Fund Total
REVENUES AND TRANSFERS IN
Operating revenues $ 25,899,589 $ 13,863,059 $ 1,027,298 $ 4,044,256 $ 2,552,877 $ 472,169 $ 502,934 $ 1,396,982 $ 822,031 $ 50,581,195
Intergovernmental 72,600 72,600
Investment income 324,120 24,000 15,000 7,000 13,000 30,000 3,000 416,120
Other revenue 25,000 31,000 - 10,000 66,000
Transfers 300,000 225,000 100,000 625,000
TOTAL REVENUES AND
TRANSFERS IN 26,321,309 13,894,059 1,051,298 4,059,256 2,859,877 485,169 737,934 1,426,982 925,031 51,760,915
EXPENSES AND TRANSFERS OUT - BY DEPARTMENT
Administration 12,546,438 12,546,438
Finance 348,572 348,572
Public works 18,313,651 18,313,651
Engineering 511,830 511,830
Police 1,580,690 - - - 1,580,690
Parks and recreation 1,125,503 3,900,556 3,183,375 928,915 820,171 1,725,089 1,241,858 12,925,467
Transfers 100,000 850,000 - - - 950,000
TOTAL EXPENSES AND
TRANSFERS OUT 20,854,743 13,396,438 1,125,503 3,900,556 3,183,375 928,915 820,171 1,725,089 1,241,858 47,176,648
EXPENSES AND TRANSFERS OUT - BY TYPE
COGS 9,668,176 49,474 129,706 114,591 500 81,618 9,795 10,053,860
Personal services 2,816,212 1,787,593 448,414 1,609,379 1,046,441 167,393 558,764 842,040 712,011 9,988,247
Contractual services 9,319,578 649,568 211,887 460,450 983,521 190,900 109,545 384,380 200,888 12,510,717
Commodities 1,157,000 55,050 75,600 274,000 106,112 22,000 76,500 144,700 124,395 2,035,357
Internal services 1,335,322 289,551 39,236 220,690 192,950 32,622 68,862 131,851 102,769 2,413,853
Depreciation 5,451,000 96,500 286,500 960,000 660,000 516,000 6,000 140,500 92,000 8,208,500
Interest 675,631 14,392 246,331 79,760 - - 1,016,114
Transfers 100,000 850,000 - - 950,000
TOTAL EXPENSES AND
TRANSFERS OUT 20,854,743 13,396,438 1,125,503 3,900,556 3,183,375 928,915 820,171 1,725,089 1,241,858 47,176,648
CHANGE IN NET
POSITION $ 5,466,566 $ 497,621 $ (74,205) $ 158,700 $ (323,498) $ (443,746) $ (82,237) $ (298,107) $ (316,827) $ 4,584,267
11/25/2019