HomeMy WebLinkAbout2020-01-02 Summary Budget StatementAFFIDAVIT OF PUBLICATION
STATE OF MINNESOTA ) SS COUNTY OF HENNEPIN
Brandi Botts being duly sworn on an oath,
states or affirms that he/she is the Publisher's
Designated Agent of the newspaper(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 01/02/2020 and the last
insertion being on 01/02/2020.
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.
Designated Agent
Subscribed and sworn to or affirmed before
me on 01/02/2020 by Brandi Botts.
DoA2-f-e--
Notary Public
,,,, DARLENE MARIE MACPHERSON
Notary Public
Minnesota
v°' My Commission Expires January 31, 2024
Rate Information:
(1) Lowest classified rate paid by commercial users
for comparable space:
$34.45 per column inch
Ad ID 1006991
CITY OF EDINA
4801 WEST 50TH STREET
EDINA, MINNESOTA 55424
2020 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 or on the City's website
www.edinamn.gov. The City Council approved this budget on December 3, 2019.
Table 1 Governmental Funds 2020 Adopted Budget
Budgeted Governmental Funds 2020 Budget 2019 Budget
REVENUES
PROPERTY TAXES $39,659,543 $37,431,021
TAX INCREMENTS 6,708,700 5,315,000
ALL OTHER TAXES FRANCHISE 3,182,000 3,397,500
SPECIAL ASSESSMENTS 4,102,231 3,956,273
LICENSES AND PERMITS 5,144,561 4,789,430
INTERGOVERNMENTAL REVENUES
FEDERAL 429,157 185,000
STATE 3,910,021 1,368,977
CHARGES FOR SERVICES 5,667,499 4,721,523
FINES AND FORFEITS 950,000 900,000
INTEREST ON INVESTMENTS 626,805 401,779
MISCELLANEOUS REVENUES 659,761 610,861
TOTAL REVENUES 71,040,278 63,077,364
OTHER FINANCING SOURCES
PROCEEDS FROM BORROWING 3,659,279 2,648,269
OTHER FINANCE SOURCES 1,990,375
TRANSFERS FROM OTHER FUNDS 3,825,165 3,548,163
TOTAL OTHER FINANCING SOURCES 9,474,819 6,196,432
TOTAL REVENUE AND OTHER FIN SOURCE 80,515,097 69,273,796
EXPENDITURES
GENERAL GOVERNMENT 8,413,161 7,920,703
PUBLIC SAFETY 23,186,802 21,212,987
STREET AND HIGHWAYS 9,405,470 8,895,544
HUMAN SERVICES 141,018 138,253
HEALTH 1,028,984 636,387
CULTURE AND RECREATION 5,861,467 5,557,635
ECONOMIC DEVELOPMENT 1,823,124 754,725
TOTAL CURRENT EXPENDITURES 49,860,026 45,116,234
OTHER FINANCING USES
DEBT SERVICE PRINCIPAL 5,868,369 5,783,369
INTEREST AND FISCAL CHARGES 1,981,855 1,901,491
STREETS AND HIGHWAYS CONSTRUCTION 6,186,998 4,776,912
CAPITAL OUTLAY 13,038,817 9,695,060
TRANSFER TO OTHER FUNDS 3,500,165 3,298,163
TOTAL OTHER FINANCE USES 30,576204 25,454,995
TOTAL EXPENDITURES AND OTHER FIN USES 80,436,230 70,571,229
INCREASE (DECREASE) IN FUND BALANCE 78,867 (1297,433)
TOTAL PROPERTY TAX LEVY 39,65%543 37,431,021
Utility Liquor Other
2020
Budget
2019
Budget
Sales $13,863,059 $13,863,059 $13,973,293
Cost of Sales 9,668,176 9,668,176 10,100,558
Gross Profit 4,194,883 4,194,883 3,872,735
Operating Revenues
Charges for Services $25,899,589 - $10,818,547 36,718,136 33,721,751
Total Operating Revenues 25,899,589 4,194,883 10,818,547 40,913,019 37,594,486
Operating Expenses
Cost of goods sold 385,684 385,684 478,249
Personal Services 2,816,212 1,787,593 5,384,442 9,988,247 9,507,957
Contractual Services 9,319,578 649,568 2,541,571 12,510,717 11,707,964
Commodities 1,157,000 55,050 823,307 2,035,357 2,047,112
Internal Services 1,335,322 289,551 788,980 2,413,853 1,547,880
Depreciation 5,451,000 96,500 2,661.000 8,208,500 8,268,250
Total Operating Expenses 20,079,112 2,878,262 12,584,984 35,542,358 33,557,412
Operating Income 5,820,477 1,316,621 (1,766,437) 5,370,661 4,037,074
Nonoperating Revenues (Expenses)
Intergovernmental Revenue 72,600 - 72,600 110,000
Investment Earnings 324,120 92,000 416,120 163,000
Other Revenue 25,000 31,000 10,000 66,000 43,000
Interest Charges (675,631) (340,483) (1,016,114) (925,382)
Total Nonoperating Revenue
(Expense) (253,911) 31.000 (238,483) (461,394) (609,382)
Income (Loss) Before Transfers 5,566,566 1,347,621 (2,004,920) 4,909,267 3,427,692
Transfers In (Out) (100,000) (850,000) 625,000 (325,000) (250,000)
Change in Net Position 5 466 566 497,621 (1,379,920) 4,584,267 3,177,692
Published-in the
Sun Current
January 2, 2020
1006991
Table 2 Enterprise Funds 2020 Adopted Budget