HomeMy WebLinkAboutResolution No. 2011-128 Adopting Tax Levy & Budget CY2012 r r,
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t RESOLUTION NO. 2011-128
`s pyo RESOLUTION ADOPTING THE BUDGET FOR
THE CITY OF EDINA FOR THE YEAR 2012, AND
ESTABLISHING TAX LEVY FOR YEAR 2012, PAYABLE IN 2012
City of Edina
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 2012
is hereby adopted as after this set forth, and funds are hereby appropriated therefore:
2012 GOVERNMENTAL FUND BUDGETS
Braemar Debt
General HRA CDBG Police SR Memorial Service Construction
Fund Fund Fund Fund Fund Fund Fund Total
REVENUES AND OTHER
FINANCING SOURCES
Property tax levy $21,604,402 $ $ $ $ $ 3,651,752 $ 992,072 $26,248,226
Reductions (110,000) (110,000)
Net tax revenue 21,494,402 3,651,752 992,072 26,138,226
Tax increments - 3,980,000 - - 3,980,000
Special assessments - - 1,871,169 1,329,343 3,200,512
Franchise fees 700,000 - - 700,000
Licenses and permits 2,501,600 25,000 2,526,600
Intergovernmental 760,000 145,365 104,760 50,000 1,060,125
Charges for seMces 3,096,264 - - 50,000 3,146,264
Fines and forfeitures 1,014,000 57,821 - 1,071,821
Investment income - 118,000 600 300 30,200 151,600 300,700
Other revenue 516,800 - - - - - 516,800
i Transfers 765,100 _ 1,978,445 250,000 2,993,545
Debt issued 3,131,700 3,131,700
Other financing sources 3,000 - 3,000
TOTAL REVENUES AND OTHER
FINANCING SOURCES $30,848,166 $ 4,098,000 $ 145,365 $ 163,181 $ 3,300 $ 7,531,566 $ 5,979,715 $48,769,293
EXPENDITURES AND OTHER
FINANCING USES-BY FUNCTION
General government $ 5,513,041 $ 865,600 $ 145,365 $ $ $ $ 259,500 $ 6,783,506
Public works 6,490,886 200,000 - 4,905,000 11,595,886
Public safety 14,976,971 - 353,654 1,041,809 16,372,434
Parks&recreation 3,867,268 - 25,000 997,500 4,889,768
Debt service - - - 7,844,476 - 7,844,476
Transfers - 1,978,445 - 690,000 2,668,445
TOTAL EXPENDITURES AND
OTHER FINANCING USES $30,848,166 $ 3,044,045 $ 145,365 $ 353,654 $ 25,000 $ 7,844,476 $ 7,893,809 $50,154,515
EXPENDITURES AND OTHER
FINANCING USES-BY TYPE
Personal services $21,542,917 $ 171,600 $ 10,702 $ - $ - $ $ 88,544 $21,813,763
Contractual services 4,407,247 694,000 134,663 85,574 25,000 210,064 5,556,548
Commodities 1,629,442 - - 18,655 - 25,000 1,673,097
Central services 3,268,560 - 1,392 3,269,952
Equipment - - - 1,797,309 1,797,309
Capital outlay 200,000 249,425 5,081,500 5,530,925
Debt service - - 7,844,476 - 7,844,476
Transfers 1,978,445 - 690,000 2,668,445
TOTAL EXPENDITURES AND
OTHER FINANCING USES $30,848,166 $ 3,044,045 $ 145,365 $ 353,654 $ 25,000 $ 7,844,476 $ 7,893,809 $50,154,515
CHANGE IN FUND BALANCE $ - $ 1,053,955 $ - $ (190,473) $ (21,700) $ (312,910) $(1,914,094) $(1,385,222)
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City Hall 952-927-8861
4801 WEST 50TH STREET FAX 952-826-0390
EDINA,MINNESOTA, 55424-1394 www.CityofEdina.com TTY 952-826-0379
Section 2: The Budgets for all Enterprise Funds for the City of Edina for the calendar year 2012 is
• hereby adopted as after this set forth, and funds are hereby appropriated therefore:
2012 ENTERPRISE FUND BUDGETS
Aquatic Golf Art
Utilities Liquor Center Course Arena Center Edinborough Centennial
Fund Fund Fund Fund Fund Fund Fund Fund Total
REVENUES AND
TRANSFERS IN
Operating revenues $16,065,043 $13,328,045 $ 933,800 $ 3,650,700 $ 1,355,400 $ 470,000 $ 1,151,600 $ 736,000 $37,690,588
Intergovernmental 110,000 - - - - - - 110,000
Investment income 98,000 - 42,000 42,000 182,000
Other revenue - - - 15,000 - - 15,000
Transfers - 100,000 405,000 165,000 220,000 205,000 1,095,000
TOTAL REVENUES AND
TRANSFERS IN $16,273,043 $13,328,045 $ 933,800 $ 3,750,700 $ 1,760,400 $ 650,000 $ 1,413,600 $ 983,000 $39,092,588
EXPENSES AND TRANSFERS
OUT-BY FUNCTION
Utilities $13,306,188 $ - $ $ $ $ $ $ $13,306,188
Liquor 11,916,531 11,916,531
Aquatic center - 777,486 777,486
Golfcourse - 3,642,413 3,642,413
Community activity centers - - - 1,829,580 674,226 1,552,334 941,198 4,997,338
Transfers 100,000 1,320,100 1,420,100
TOTAL EXPENSES AND
TRANSFERS OUT $13,406,188 $13,236,631 $ 777,486 $ 3,642,413 $ 1,829,580 $ 674,226 $ 1,552,334 $ 941,198 $36,060,056
EXPENSES AND TRANSFERS
OUT-BY TYPE
COGS $ - $ 9,628,249 $ 38,000 $ 349,400 $ 1,500 $ 22,000 $ 99,000 $ 16,000 $10,154,149
Personal services 1,695,124 1,414,961 319,127 1,790,101 662,326 249,614 783,210 578,764 7,493,227
Contractual services 6,836,237 483,702 127,575 580,650 552,600 284,500 331,500 138,650 9,335,414
Commodities 1,038,650 64,356 84,850 368,100 87,750 55,500 182,200 101,400 1,982,806
Central services 619,452 212,664 18,984 140,112 42,084 39,612 56,424 51,384 1,180,716
Depreciation 2,365,000 112,599 175,000 404,500 400,000 23,000 100,000 55,000 3,635,099
Interest 751,725 13,950 9,550 83,320 858,545
Transfers 100,000 1,320,100 1,420,100
TOTAL EXPENSES AND
TRANSFERS OUT $13,406,188 $13,236,631 $ 777,486 $ 3,642,413 $ 1,829,580 $ 674,226 $ 1,552,334 $ 941,198 $36,060,056
CHANGE IN NET ASSETS $ 2,866,855 $ 91,414 $ 156,314 $ 108,287 $ (69,180) $ (24,226) $ (138,734) $ 41,802 $ 3,032,532
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 $ 21,604,402
CONSTRUCTION FUND-EQUIPMENT LEVY $ 992,072
LEVY FOR PAYMENT OF CIP PLAN BONDS - SERIES $ 950,800
2010A
LEVY FOR PAYMENT OF EQUIPMENT CERTIFICATES $ 67,500
DEBT
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT $ 411,644
BONDS - SERIES 2005A
LEVY FOR PAYMENT OF CIP PLAN BONDS - SERIES $ 432,744
2007A
LEVY FOR PAYMENT OF PUBLIC WORKS FACILITY $ 1,178,202
DEBT
TOTAL LEVY $ 25,637,364
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Section 4. That transfers from the General Fund Unappropriated reserves be made for the
following purposes:
TO FUND VARIOUS PROJECTS WITHIN THE
CONSTRUCTION FUND $700,000.00
TO PREPAY THE SPECIAL ASSESSMENT FOR
PAMELA PARK $155,000.00
TO DEBT SERVICE FUND TO FUND A PORTION OF
2012 PUBLIC WORKS DEBT $378,530.00
TO DEBT SERVICE FUND TO CALL A PORTION OF
SERIES 2009A PUBLIC WORKS BONDS $950,000.00
TO RECODIFY LOCAL ORDINANCES $100,000.00
TO MODERNIZE HUMAN RESOURCES OPERATIONS $100,000.00
TO RESPOND TO FUNDING OF THE COMPENSATION
STUDY $100,000.00
Section 5. That this budget proposes to use the following reserves to fund expenditures.
USE OF THE EQUIPMENT REPLACEMENT RESERVE
TO PURCHASE EQUIPMENT $805,237.00
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 1996 5A $ 610,862
Passed and adopted by the C' C uncil on December 20 0
ATTEST:
Debra A. Mangen, City 'Cler James 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 20, 2011, and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of 20_
City Clerk