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HomeMy WebLinkAboutResolution No. 2015-121 Setting 2016 Budget & Tax Levy ok e RESOLUTION NO. 2015-121 RESOLUTION ADOPTING THE BUDGET FOR THE CITY OF EDINA FOR THE YEAR 2016, AND ESTABLISHING TAX LEVY FOR YEAR 2016, PAYABLE IN 2016 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 2016 is hereby adopted as after this set forth, and funds are hereby appropriated therefore: 2016 GOVERNMENTAL FUND BUDGETS Braemar Arts& Debt Environmental General HRA PACS CAS CDBG Police SR Memorial Culture Service Efficiency Construction Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Total REVENUES AND OTHER FINANCING SOURCES Property tax levy $ 25,023,952 $ - $ - $ - $ - $ - $ - $ 20,000 $ 5,075,171 $ - $ 1,680,000 $ 31,799,123 Reductions - - - - - - - - Nettaxrevenue 25,023,952 - - - - 20,000 5,075,171 - 1,680,000 31,799,123 Tax increments - 2,500,000 - - - - - - - - - 2,500,000 Franchise fees&other taxes 810,000 - 1,200,000 200,000 - - - - - 105,000 2,315,000 Special assessments - - - - - - - - - - 4,127,890 4,127,890 Licenses and permits 4,023,160 - - - - - - - - 90,000 4,113,160 Intergovernmental 1,191,550 - - - 125,000 36,000 - - - - 3,090,000 4,442,550 Charges for services 3,940,310 50,000 - - - - - - - - 35,000 4,025,310 Fines and forfeitures 975,000 - - - - - - - - - - 975,000 Investment income 120,000 77,000 - - - 300 200 - 10,000 - 70,000 277,500 • Other revenue 477,900 - - = 134,061 5,000 4,850 - - 100,000 721,811 Transfers 100,000 2,630,628 200,000 2,930,628 Debt issued - - - - - - - - - 3,852,396 3,852,396 Other financing sources - - - - - TOTAL REVENUES AND OTHER FINANCING SOURCES 36,661,872 2,627,000 1,200,000 200,000 125,000 170,361 5,200 24,850 7,715,799 13,350,286 62,080,368 EXPENDITURES AND OTHER FINANCING USES-BY DEPARTMENT Administration 1,896,810 4,780,835 - - - - - - - 25,000 6,702,645 Communication&tech. 1,104,618 - - - - - - - - - 749,129 1,853,747 Human resources 790,345 - - - - - - - - - 790,345 Finance 833,624 - - - - - - - - - 50,000 883,624 Public works 8,926,600 - - - - - - - - 104,000 1,251,836 10,282,436 Engineering 1,585,209 - 1,252,566 153,126 - - - - - 8,251.528 11,242,429 Police 11,045,546 - - - - 174,000 - - - - 732,650 11,952,196 Fire 7,457,253 - - - - - - - - - 695,000 8,152,253 Parks&recreation 1.374,922 - - - - - - 22,425 - - 323,100 1,720,447 Community development 1,646,945 - - - 125,000 - - - - - - 1,771,945 Debt service - - - - - - - - 7,552,545 - - 7,552,545 Transfers - - - - - - - - - 2,630,628 2.630,628 TOTAL EXPENDITURES AND OTHER FINANCING USES 36,661,872 4,780,835 1,252,566 153,126 125,000 174,000 - 22,425 7,552,545 104,000 14,708,871 65,535,240 EXPENDITURES AND OTHER FINANCING USES-BY TYPE Personal services 25,797,378 123,970 112,566 103,126 - - - - - - 102,803 26,239,843 Contractual services 4,858,026 655,865 20,000 35,000 125,000 104,000 - 20,400 - - 214,760 6,033.051 Commodities 2,082,840 1,000 20,000 15,000 - 15,000 - 2,025 - - 26,149 2,162,014 Central services 3,923,628 - - - - - - - - - 1,968 3,925,596 Equipment - - - - - 55,000 - - - - 2,058,177 2,113,177 Capital outlay - 4,000,000 1,100,000 - - - - - - 104,000 9,674,386 14,878,386 Debt service - - - - - - - - 7,552,545 - - 7,552,545 Transfers - - - - - - _ - 2,630,628 2,630,628 TOTAL EXPENDITURES AND OTHER FINANCING USES 36,661,872 4,780,835 1,252,566 153,126 125,000 174,000 - 22,425 7,552,545 10000 14,708,871 65,535,240 • CHANGE IN FUND BALANCE $ - $(2,153,835) $ (52,566) $ 46,874 $ - $ (3,639) $ 5,200 $ 2,425 $ 163,254 $ (104,000) $ (1,358,585) $ (3,454,872) CITY OF EDINA 4801 West 50th Street•Edina,Minnesota 55424 www.EdinaMN.gov•952-927-8861 • Fax 952-826-0390 • Section 2: The Budgets for all Enterprise Funds for the City of Edina for the calendar year 2016 is hereby adopted as after this set forth, and funds are hereby appropriated therefore: 2016 ENTERPRISE FUND BUDGETS Aquatic Golf Sports Art Risk Utilities Liquor Center Course Arena Dome Center Edinborough Centennial Management Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Total REVENUES AND TRANSFERS IN Operating revenues $ 19,704,773 $ 12,414,257 $ 975,477 $ 2,955,168 $ 2,230,250 $ 396,310 $ 453,350 $ 1,350,800 $ 779,000 $ 731,508 $ 41,990,893 Intergovernmental 297,000 297,000 Investment income 74,237 7,000 8,000 2,000 3,000 2,000 14,000 3,000 113,237 Other revenue 10,000 10,000 1,500 21,500 Transfers 150,000 200,000 100,000 50,000 500,000 TOTAL REVENUES AND TRANSFERS IN 20,086,010 12,424,257 982,477 3,113,168 2,432,250 399,310 556,850 1,364,800 832,000 731,508 42,922,630 EXPENSES AND TRANSFERS OUT-BY DEPARTMENT Administration 11,762,118 11,762,118 Human resources 665,000 665,000 Finance 298,393 298,393 Public works 14,783,880 14,783,880 Engineering 239,096 239,096 Police 496,970 496,970 Parks and recreation 918,406 3,202,114 2,610,691 721,441 684,447 1,622,702 1,069,487 10,829,288 Transfers 100,000 700,000 800,000 TOTAL EXPENSES AND TRANSFERS OUT 15,918,339 12,462,118 918,406 3,202,114 2,610,691 721,441 684,447 1,622,702 1,069,487 665,000 39,874,745 EXPENSES AND TRANSFERS OUT-BY TYPE COGS 9,326,730 42,000 185,599 105,500 2,750 85,000 14,000 9,761,579 Personal services 2,055,038 1,492,365 331,305 1,356,923 871,133 58,272 439,729 774,962 635,066 60,000 8,074,793 Contractual services 7,312,068 517,906 179,200 490,794 729,950 148,180 106,350 352,250 183,925 605,000 10,625,623 Commodities 1,065,750 74,009 89,150 313,990 104,250 3,277 71,250 169,800 135,800 2,027,276 Central services 682,310 256,608 33,228 130,404 68,676 11,712 40,368 68,940 60,696 1,352,952 Depreciation 4,227,000 94,500 241,500 640,000 600,000 500,000 24,000 171,750 40,000 6,538,750 Interest 476,163 2,023 84,404 131,182 693,772 Transfers 100,000 700,000 800,000 TOTAL EXPENSES AND TRANSFERS OUT 15,918,339 12,462,118 918,406 3,202,114 2,610,691 721,441 684,447 1,622,702 1,069,487 665,000 39,874,745 CHANGE IN NET POSITION $ 4,167,671 $ (37,861) $ 64,071 $ (88,946) $ (178,441) $ (322,131) $ (127,597) $ (257,902) $ (237,487) $ 66,508 $ 3,047,885 • 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 $ 25,023,952 ARTS & CULTURE FUND $ 20,000 CONSTRUCTION FUND—EQUIPMENT LEVY $ 1,680,000 LEVY FOR PAYMENT OF CIP BONDS — SERIES 2010A (City Hall) $ 946,000 LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS - SERIES 2015A $ 385,901 (Gym) LEVY FOR PAYMENT OF CIP BONDS - SERIES 2007A (Fire) $ 443,000 LEVY FOR PAYMENT OF PUBLIC WORKS FACILITY DEBT $ 1,561,000 LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS — SERIES 2014 $ 1,167,620 (Sports Dome) TOTAL TAX CAPACITY LEVY $ 31,227,473 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 1996B/2005A/LB $ 571,650 Passed and adopted byte City Council on December 15, 2 ATTEST: IN044 A�AIJ Debra A. Mangen, ity rk mes B. Hovland, 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 15, 2015, and as recorded in the Minutes of said Regular Meeting. WITNESS my hand and seal of said City this day of 20_ City Clerk 0