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HomeMy WebLinkAbout2018 Budget Summary for WebsiteCITY OF EDINA Proposed Tax Levies Budget Budget 2015 2016 2017 2018 2019 General Fund Levies General Operating Levy 22,933,958$ 25,023,952$ 26,860,319$ 28,493,077$ 30,009,121$ Equipment Levy ----- General Fund Subtotal 22,933,958 25,023,952 26,860,319 28,493,077 30,009,121 Increase From Prior Year (%)1.89% 9.11% 7.34% 6.08% 5.32% Arts and Culture Fund Levies Arts and Culture 20,000 20,000 20,000 20,000 20,000 Arts and Culture Fund Subtotal 20,000 20,000 20,000 20,000 20,000 Increase From Prior Year (%)0.00% 0.00% 0.00% 0.00% Debt Service Fund Levies City Hall Debt Service 944,400 946,000 946,000 950,000 952,000 Gymnasium Debt Service 409,440 385,901 388,000 389,000 390,000 Fire Station Debt Service 441,940 443,000 403,000 405,000 406,000 Public Works Facility Debt Service 1,546,600 1,561,000 1,696,000 1,667,000 1,695,000 Park Bond Market Value Levy 618,600 571,650 - - - Sports Dome 1,168,000 1,167,620 1,162,500 1,168,700 1,168,900 Debt Service Fund Subtotal 5,128,980 5,075,171 4,595,500 4,579,700 4,611,900 Increase From Prior Year (%)29.74% -1.05% -9.45% -0.34% 0.70% Construction Fund Levies Capital Improvement Plan Levy - - 101,550 327,000 300,000 Equipment Levy 1,617,072 1,680,000 1,750,000 1,840,000 1,930,000 Weber Woods NOTE 1 --400,000 400,000 400,000 Construction Fund Subtotal 1,617,072 1,680,000 2,251,550 2,567,000 2,630,000 Increase From Prior Year (%)63.00% 3.89% 34.02% 14.01% 2.45% HRA Fund Levies HRA Operating Levy - - 95,000 125,000 160,000 HRA Fund Subtotal - - 95,000 125,000 160,000 Increase From Prior Year (%)31.58% 28.00% Total Property Tax Levy 29,700,010$ 31,799,123$ 33,822,369$ 35,784,777$ 37,431,021$ Increase From Prior Year (%)8.18% 7.07% 6.36% 5.80% 4.60% NOTE 1:The City made an offer to purchase a portion of Weber Woods from the City of Minneapolis in 2016 and used Construction Fund reserves to finance the purchase. The levy shown here is to restore the Construction Fund reserves to the pre-purchase level over the next three years. CITY OF EDINA Proposed Consolidated Budget 2016 2017 2018 2019 Actual Budget Budget Budget REVENUES AND OTHER FINANCING SOURCES Property tax levy 31,354,023$ 33,822,369$ 35,784,777$ 5.8%37,431,021$ 4.6% Reductions -- - NA - NA Net tax revenue 31,354,023 33,822,369 35,784,777 5.8%37,431,021 4.6% Tax increments 2,779,097 2,500,000 4,900,000 96.0%5,315,000 8.5% Franchise fees & other taxes 2,369,047 2,365,000 2,647,500 11.9%3,397,500 28.3% Special assessments 5,276,194 4,612,026 4,053,411 -12.1%3,956,273 -2.4% Licenses and permits 5,268,519 4,282,660 4,426,930 3.4%4,789,430 8.2% Intergovernmental 6,120,211 2,843,550 3,043,573 7.0%1,663,977 -45.3% Charges for services 4,689,389 11,327,973 11,592,004 2.3%4,721,523 -59.3% Fines and forfeitures 1,016,817 975,000 900,000 -7.7%900,000 0.0% Operating revenue 42,412,549 41,831,333 43,869,840 4.9%47,695,044 8.7% Investment income 480,552 380,389 554,779 45.8%564,779 1.8% Other revenue 4,718,424 644,711 920,761 42.8%653,861 -29.0% Debt issued 8,008,604 3,108,982 2,817,566 -9.4%2,648,269 -6.0% Other financing sources -- - NA - NA TOTAL REVENUES AND OTHER FINANCING SOURCES 114,493,426 108,693,993 115,511,141 6.3% 113,736,677 -1.5% EXPENDITURES, EXPENSES AND OTHER FINANCING USES - BY DEPARTMENT Administration 15,239,526 25,005,618 35,402,317 41.6% 23,234,764 -34.4% Communications & tech. 1,424,781 1,367,817 1,742,558 27.4%2,096,724 20.3% Human resources 1,480,967 1,577,755 1,742,435 10.4%1,748,694 0.4% Finance 1,170,598 1,190,149 1,418,338 19.2%1,483,534 4.6% Public works 25,205,262 26,185,390 23,912,019 -8.7%25,324,553 5.9% Engineering 13,003,723 8,439,098 8,583,517 1.7%7,175,297 -16.4% Police 11,872,525 12,435,592 13,166,202 5.9%13,620,838 3.5% Fire 8,176,539 7,878,906 9,201,139 16.8%9,180,218 -0.2% Parks & recreation 14,067,322 11,594,747 16,585,943 43.0% 18,339,940 10.6% Community development 2,786,936 2,134,977 2,037,094 -4.6%1,966,996 -3.4% Debt service 7,607,202 11,550,961 7,600,886 -34.2%7,684,860 1.1% TOTAL EXPENDITURES, EXPENSES AND OTHER FINANCING USES 102,035,381 109,361,010 121,392,448 11.0% 111,856,418 -7.9% EXPENDITURES, EXPENSES AND OTHER FINANCING USES - BY TYPE Cost of goods sold 10,051,670 9,803,441 10,178,080 3.8%10,578,807 3.9% Personal services 34,620,118 34,592,138 37,239,222 7.7%40,018,771 7.5% Contractual services 16,613,557 17,592,851 18,539,560 5.4%19,050,264 2.8% Commodities 3,899,798 4,279,465 4,512,333 5.4%4,944,488 9.6% Central services 4,988,582 5,631,215 5,845,860 3.8%5,913,624 1.2% Equipment 1,643,943 1,440,222 2,417,697 67.9%2,318,100 -4.1% Capital outlay 15,143,632 16,971,709 26,380,946 55.4% 12,153,872 -53.9% Depreciation 6,686,539 6,913,750 7,646,250 10.6%8,268,250 8.1% Debt service 8,387,542 12,136,219 8,632,500 -28.9%8,610,242 -0.3% TOTAL EXPENDITURES, EXPENSES AND OTHER FINANCING USES 102,035,381 109,361,010 121,392,448 11.0% 111,856,418 -7.9% CHANGE IN FUND BALANCE OR NET POSITION 12,458,045 (667,017) (5,881,307) 1,880,259 CITY OF EDINA Proposed Budget by Fund Type Governmental Enterprise Governmental Enterprise Funds Funds Total Funds Funds Total REVENUES AND OTHER FINANCING SOURCES Property tax levy 35,784,777$ -$ 35,784,777$ 37,431,021$ -$ 37,431,021$ Reductions - - - - - - Net tax revenue 35,784,777 - 35,784,777 37,431,021 - 37,431,021 Tax increments 4,900,000 - 4,900,000 5,315,000 - 5,315,000 Franchise fees 2,647,500 - 2,647,500 3,397,500 - 3,397,500 Special assessments 4,053,411 - 4,053,411 3,956,273 - 3,956,273 Licenses and permits 4,426,930 - 4,426,930 4,789,430 - 4,789,430 Intergovernmental 2,833,573 210,000 3,043,573 1,553,977 110,000 1,663,977 Charges for services 11,592,004 - 11,592,004 4,721,523 - 4,721,523 Fines and forfeitures 900,000 - 900,000 900,000 - 900,000 Operating revenue - 43,869,840 43,869,840 - 47,695,044 47,695,044 Investment income 401,779 153,000 554,779 401,779 163,000 564,779 Other revenue 884,761 36,000 920,761 610,861 43,000 653,861 Transfers 3,476,023 650,000 4,126,023 3,548,163 700,000 4,248,163 Debt issued 2,817,566 - 2,817,566 2,648,269 - 2,648,269 Other financing sources -- - - -- TOTAL REVENUES AND OTHER FINANCING SOURCES 74,718,324 44,918,840 119,637,164 69,273,796 48,711,044 117,984,840 EXPENDITURES, EXPENSES AND OTHER FINANCING USES - BY FUNCTION Administration 23,063,964 12,338,353 35,402,317 10,568,602 12,666,162 23,234,764 Communication & tech.1,742,558 - 1,742,558 2,096,724 - 2,096,724 Human resources 882,435 860,000 1,742,435 888,694 860,000 1,748,694 Finance 1,048,449 369,889 1,418,338 1,099,125 384,409 1,483,534 Public works 7,361,066 16,550,953 23,912,019 8,000,677 17,323,876 25,324,553 Engineering 8,241,286 342,231 8,583,517 6,827,879 347,418 7,175,297 Police 12,643,660 522,542 13,166,202 13,082,656 538,182 13,620,838 Fire 9,201,139 - 9,201,139 9,180,218 - 9,180,218 Parks & recreation 5,585,087 11,000,856 16,585,943 5,876,635 12,463,305 18,339,940 Community development 2,037,094 - 2,037,094 1,966,996 - 1,966,996 Debt service 7,600,886 - 7,600,886 7,684,860 - 7,684,860 Transfers 3,226,023 900,000 4,126,023 3,298,163 950,000 4,248,163 TOTAL EXPENDITURES, EXPENSES AND OTHER FINANCING USES 82,633,647 42,884,824 125,518,471 70,571,229 45,533,352 116,104,581 EXPENDITURES, EXPENSES AND OTHER FINANCING USES - BY TYPE Cost of goods sold - 10,178,080 10,178,080 - 10,578,807 10,578,807 Personal services 28,841,145 8,398,077 37,239,222 30,510,814 9,507,957 40,018,771 Contractual services 7,225,424 11,314,136 18,539,560 7,342,300 11,707,964 19,050,264 Commodities 2,637,798 1,874,535 4,512,333 2,897,376 2,047,112 4,944,488 Central services 4,303,728 1,542,132 5,845,860 4,365,744 1,547,880 5,913,624 Equipment 2,417,697 - 2,417,697 2,318,100 - 2,318,100 Capital outlay 26,380,946 - 26,380,946 12,153,872 - 12,153,872 Depreciation - 7,646,250 7,646,250 - 8,268,250 8,268,250 Debt service 7,600,886 1,031,614 8,632,500 7,684,860 925,382 8,610,242 Transfers 3,226,023 900,000 4,126,023 3,298,163 950,000 4,248,163 TOTAL EXPENDITURES, EXPENSES AND OTHER FINANCING USES 82,633,647 42,884,824 125,518,471 70,571,229 45,533,352 116,104,581 CHANGE IN FUND BALANCE OR NET POSITION (7,915,323) 2,034,016 (5,881,307) (1,297,433) 3,177,692 1,880,259 2018 Budget 2019 Budget CITY OF EDINAGovernmental Fund BudgetsBraemar Arts & Debt EnvironmentalGeneral HRA PACS CAS CDBG Police SRMemorial Culture Service Efficiency ConstructionFundFundFundFundFundFundFundFundFundFundFundTotalREVENUES AND OTHER FINANCING SOURCESProperty tax levy28,493,077$ 125,000$ -$ -$ -$ -$ -$ 20,000$ 4,579,700$ -$ 2,567,000$ 35,784,777$ Reductions- - - - - - -- - - - - Net tax revenue28,493,077 125,000 - - - - -20,000 4,579,700 - 2,567,000 35,784,777 Tax increments- 4,900,000 - - - - -- - - - 4,900,000 Franchise fees & other taxes 892,500 - 1,200,000 450,000 - - -- - - 105,000 2,647,500 Special assessments- - - - - - -- - - 4,053,411 4,053,411 Licenses and permits4,351,930 - - - - - -- - - 75,000 4,426,930 Intergovernmental1,308,977 - - - 125,000 - -- - - 1,399,596 2,833,573 Charges for services4,592,004 6,800,000 - - - - -- - - 200,000 11,592,004 Fines and forfeitures900,000 - - - - - -- - - - 900,000 Investment income120,000 120,500 - - - 4 200 75 6,000 - 155,000 401,779 Other revenue457,550 250,000 - - - 167,061 5,000 5,150 - - - 884,761 Transfers50,000- - - - - -- 3,226,023 - 200,000 3,476,023 Debt issued- - - - - - -- - - 2,817,566 2,817,566 Other financing sources- - - - - - -- - - - - TOTAL REVENUES AND OTHER FINANCING SOURCES41,166,038 12,195,500 1,200,000 450,000 125,000 167,065 5,200 25,225 7,811,723 - 11,572,573 74,718,324 EXPENDITURES AND OTHER FINANCING USES - BY DEPARTMENTAdministration 2,100,761 20,482,595 - 458,108 - - -- - - 22,500 23,063,964 Communication & tech.1,268,558 - - - - - -- - - 474,000 1,742,558 Human resources862,435 - - - - - -- - - 20,000 882,435 Finance1,048,449 - - - - - -- - - - 1,048,449 Public works6,435,698 - - - - - -- - - 925,368 7,361,066 Engineering1,789,862 - 1,220,073 - - - -- - - 5,231,351 8,241,286 Police12,243,160 - - - - 85,500 -- - - 315,000 12,643,660 Fire8,226,139 - - - - - -- - - 975,000 9,201,139 Parks & recreation5,393,882 - - - - - 40,000 15,850 - - 135,355 5,585,087 Community development1,797,094 - - - 125,000 - -- - - 115,000 2,037,094 Debt service- - - - - - -- 7,600,886 - - 7,600,886 Transfers- - - - - - -- - - 3,226,023 3,226,023 TOTAL EXPENDITURES AND OTHERFINANCING USES41,166,038 20,482,595 1,220,073 458,108 125,000 85,500 40,000 15,850 7,600,886 - 11,439,597 82,633,647 EXPENDITURES AND OTHER FINANCING USES - BY TYPEPersonal services 28,320,339 162,175 127,706 125,357 - - -- - - 105,568 28,841,145 Contractual services6,048,694 684,520 20,000 127,375 125,000 78,000 -15,250 - - 126,585 7,225,424 Commodities2,506,393 900 15,000 75,000 - 7,500 -600 - - 32,405 2,637,798 Central services4,290,612 - 5,772 5,376 - - -- - - 1,968 4,303,728 Equipment- - - - - - -- - - 2,417,697 2,417,697 Capital outlay- 19,635,000 1,051,595 125,000 - - 40,000 - - - 5,529,351 26,380,946 Debt service- - - - - - -- 7,600,886 - - 7,600,886 Transfers- - - - - - -- - - 3,226,023 3,226,023 TOTAL EXPENDITURES AND OTHERFINANCING USES41,166,038 20,482,595 1,220,073 458,108 125,000 85,500 40,000 15,850 7,600,886 - 11,439,597 82,633,647 CHANGE INFUND BALANCE-$ (8,287,095)$ (20,073)$ (8,108)$ -$ 81,565$ (34,800)$ 9,375$ 210,837$ -$ 132,976$ (7,915,323)$ 2018 GOVERNMENTAL FUND BUDGETS CITY OF EDINAEnterprise Fund BudgetsAquatic GolfSports ArtRiskUtilities Liquor Center Course Arena Dome Center Edinborough Centennial ManagementFundFundFundFundFundFundFundFundFundFundTotalREVENUES AND TRANSFERS INOperating revenues 21,760,911$ 13,500,777$ 1,034,650$ 1,271,700$ 2,293,500$ 399,500$ 504,350$ 1,389,500$ 812,000$ 902,952$ 43,869,840$ Intergovernmental210,000 -- - - - - - - - 210,000 Investment income83,000 - 20,000 14,000 1,000 7,000 1,000 20,000 7,000 - 153,000 Other revenue2,00025,000 - - - - 9,000 - - - 36,000 Transfers--- 100,000 250,000 - 150,000 - 150,000 - 650,000 TOTAL REVENUES ANDTRANSFERS IN22,055,911 13,525,777 1,054,650 1,385,700 2,544,500 406,500 664,350 1,409,500 969,000 902,952 44,918,840 EXPENSES AND TRANSFERS OUT - BY DEPARTMENTAdministration -12,338,353 - - - - - - - - 12,338,353 Human resources--- - - - - - - 860,000 860,000 Finance369,889 -- - - - - - - - 369,889 Public works16,550,953 -- - - - - - - - 16,550,953 Engineering342,231 -- - - - - - - - 342,231 Police522,542 -- - - - - - - - 522,542 Parks and recreation--1,066,318 2,590,513 2,964,010 871,923 706,352 1,680,510 1,121,230 - 11,000,856 Transfers100,000 800,000 - - - - - - - - 900,000 TOTAL EXPENSES ANDTRANSFERS OUT17,885,615 13,138,353 1,066,318 2,590,513 2,964,010 871,923 706,352 1,680,510 1,121,230 860,000 42,884,824 EXPENSES AND TRANSFERS OUT - BY TYPECOGS - 9,844,830 42,000 72,500 125,250 - 500 80,000 13,000 - 10,178,080 Personal services2,488,113 1,505,235 375,996 758,350 1,049,920 160,855 475,576 804,918 664,114 115,000 8,398,077 Contractual services 7,871,381 530,105 176,200 377,700 793,600 163,250 112,300 354,300 190,300 745,000 11,314,136 Commodities1,052,050 76,435 109,600 120,000 122,750 14,250 61,700 178,950 138,800 - 1,874,535 Central services775,092 280,248 35,316 144,516 95,508 17,568 42,276 79,092 72,516 - 1,542,132 Depreciation4,995,000 101,500 306,500 832,500 655,000 516,000 14,000 183,250 42,500 - 7,646,250 Interest603,979 - 20,706 284,947 121,982 - - - - - 1,031,614 Transfers100,000 800,000 - - - - - - - - 900,000 TOTAL EXPENSES ANDTRANSFERS OUT17,885,615 13,138,353 1,066,318 2,590,513 2,964,010 871,923 706,352 1,680,510 1,121,230 860,000 42,884,824 CHANGE IN NETPOSITION4,170,296$ 387,424$ (11,668)$ (1,204,813)$ (419,510)$ (465,423)$ (42,002)$ (271,010)$ (152,230)$ 42,952$ 2,034,016$ 2018 ENTERPRISE FUND BUDGETS