HomeMy WebLinkAboutResolution No. 2013-135 Setting 2014 Tax Levy And Adopting 2014 Operating Budget s
RESOLUTION NO. 2013-135
RESOLUTION ADOPTING THE BUDGET FOR
THE CITY OF EDINA FOR THE YEAR 2014, AND
ESTABLISHING TAX LEVY FQR YEAR 2014, PAYABLE IN 2014
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
2014 is hereby adopted as after this set forth, and funds are hereby appropriated therefore:
2014 GOVERNMENTAL FUND BUDGETS
Braemar Debt
General HRA PACS CDBG Police SR Memorial Service Construction
Fund Fund Fund Fund Fund Fund Fund Fund Total
REVENUES AND OTHER FINANCING SOURCES
Property tax levy $ 22,509,403 $ - $ - $ - $ - $ - $ 3,953.397 $ 992,072 $ 27,454,872
Reductions (119,000) - - - - - - - (119,000)
Net tax revenue 22,390,403 - - - - - 3,953,397 992,072 27,335,872
Tax increments - 3,900,000 - - - - - - 3,900,000
Franchise fees 770,000 - 1,200,000 - - - - 100,000 2.070,000
Special assessments - - - - - - 2,083,699 1,237.872 3,321,571
Licenses and permits 3,277,865' - - - - - - 25,000 3,302,865
Intergovem mental 1,093,500' - - 105,000 153,689 - - 2,680,000 4,032,189
Charges for services 4,132,766, - - - - - - 50,000 4,182,766
Fines and forfeitures 950.000 - - - - - - - 950,000
Investment income 100,000 118,000 - - 900 200 20,000 88,300 327,400
Other revenue 451,100 - - - 57,821 5,000 - - 513,921
Transfers 765,100 - - 250,000 1,015,100
Debt issued - - - - - - - 2,917,200 2,917,200
Other financing sources - - - - - - - - _ -
TOTAL REVENUES AND OTHER
FINANCING SOURCES $ 33,930,734 $ 4,018,000 $ 1,200,000 $ 105,000 $ 212,410 $ 5,200 $ 6,057,096 $ 8,340,444 $ 53,868,884
EXPENDITURES AND OTHER FINANCING USES-BY DEPARTMENT
Administration $ 1,680,069 $ 6,371,489 $ - $ - $ - $ - $ - $ 65,000 $ 8,116,558
Communication&tech. 998,357 - - - - - - 211,900 1,210.257
Human resources 677,487 - - - - - - 150,000 827,487
Finance 884,509 - - - - - - 25,000 909,509
Public works 8,266.220 - - - - - - 1,226.395 9,492,615
Engineering 1,607,798 - 1,226,752 - - - - 6,320,000 9,154,550
Police 10.166,166 - - - 59,000 - - 1,038,845 11,264,011
Fire 6,697,458 - - - - - - 422,000 7,1 19,458
Parks&recreation 1,357,639 - - - - - - 333,000 1,690,639
Community development 1,595,031 - - 105,000 - - - - 1,700,031
Debt service - - - - - - 6,008,988 - 6.008,988
Transfers - - _ - - - - - 620,600 620,600
TOTAL EXPENDITURES AND OTHER
FINANCING USES $ 33,930,734 $ 6,371,489 $ 1,226,752 $ 105,000 $ 59,000 $ - $ 6,008,988 $ 10,412,740 $ 58,114,703
EXPENDITURES AND OTHER FINANCING USES-BY TYPE
Personal services $ 24,085,051 $ 115,219 $ - $ - $ - $ - $ - $ 102,956 $ 24,303,226
Contractual services 4,404,931 656,070 22,000 105,000 54,000 - - 148,522 5,390,523
Commodities 1,740,792 200 25,000 - 5,000 - - 73,522 1,844,514
Central services 3.699,960 - 79,752 - - - - - 3,779,712
Equipment - - - - - - - 2,138,140 2,138,140
Capital outlay - 5,600,000 1,100,000 - - - - 7,329,000 14,029,000
Debt service - - 6,008,988 - 6,008,988
Transfers - - - - - - - 620,600 620.600
TOTAL EXPENDITURES AND OTHER
FINANCING USES $ 33,930,734 $ 6,371,489 $ 1,226,752 $ 105,000 $ 59,000 $ - $ 6,008,988 $ 10,412,740 $ 58,114,703
CHANGE IN
FUND BALANCE $ - $ (2,353,489) $ (26,752) $ - $ 153,410 $ 5.200 $ 48,108 $ (2,072,296) $ (4,245,819)
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 2014
is hereby adopted as after this set forth, and funds are hereby appropriated therefore:
2014 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 $ 18,542,999 $ 14,058,841 $ 966,500 $ 3,729,750 $ 1,941,164 $ 439.550 $ 1,311,800 $ 771,000 $ 41,761,604
Intergovernmental 542,000 - - - - - - - 542,000
Investment income 67,631 - 25,000 27,500 120,131
Other revenue 51,356 - - 3,000 - - 54,356
Transfers 795,000 365,000 200,000 120,600 25,000 1,505,600
TOTAL REVENUES AND
TRANSFERS IN $ 19,203,986 $ 14,058,841 $ 966.500 $ 4,524,750 $ 2,306,164 $ 642,550 $ 1,457,400 $ 823,500 $ 43,983,691
EXPENSES AND TRANSFERS OUT-BY DEPARTMENT
Administration $ - $ 12,263,854 $ - $ - $ $ $ $ $ 12,263,854
Finance 278,110 - 278,110
Public works 13,075.282 13,075,282
Engineering 176,000 176,000
Police 429,702 - - 429,702
Parks and recreation - - 891,349 3,935,124 2,385,165 663,538 1,575,683 992,638 10,443,497
Transfers 100,000 1,800,100 1,900,100
TOTAL EXPENSES AND
TRANSFERS OUT $ 14,059,094 $ 14,063,954 $ 891.349 $ 3.935,124 $ 2,385,165 $ 663,538 $ 1,575.683 $ 992,638 $ 38,566,545
EXPENSES AND TRANSFERS OUT-BY TYPE
COGS $ - $ 10,013,099 $ 43.500 $ 366,540 $ 80,000 $ 23,000 $ 95.000 $ 14,000 $ 10,635,139
Personal services 1,683,310 1,378,442 362,211 1,828.701 861,659 437,753 725,075 606,641 7,883,792
Contractual services 6,573,063 513,592 159,225 633,455 612,400 95,367 358.000 166.885 9,111,987
Commodities 974.500 61,725 60.850 412.800 95,750 47,050 184,150 117.800 1,954,625
Central services 692,088 220,896 26,340 128,628 57,048 34,368 51,708 49,812 1,260,888
Depreciation 3.305.000 76,100 231.500 565.000 535.000 26,000 161,750 37.500 4,937,850
Interest 731,133 - 7,723 - 143,308 - - - 882,164
Transfers 100,000 1,800,100 - 1,900,100
TOTAL EXPENSES AND
TRANSFERS OUT $ 14,059,094 $ 14,063,954 $ 891,349 $ 3.935,124 $ 2,385,165 $ 663,538 $ 1.575,683 $ 992.638 $ 38,566,545
CHANGE IN NET POSITION
POSITION $ 5,144,892 $ (5.113) $ 75.151 $ 589,626 $ (79,001) $ (20,988) $ (118,283) $ (169.138) $ 5,417,146
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 $ 22,509,403
CONSTRUCTION FUND -EQUIPMENT LEVY $ 992,072
LEVY FOR PAYMENT OF CIP PLAN BONDS - SERIES $ 947,600
2010A
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT $ 409,244
BONDS - SERIES 2005A
LEVY FOR PAYMENT OF CIP PLAN BONDS - SERIES $ 441,944
2007A
LEVY FOR PAYMENT OF PUBLIC WORKS FACILITY $ 1,526,809
DEBT
TOTAL LEVY $ 26,827,072
Section 4. 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/ 005A, $ 627,800
Passed and adopted by t e it ouncil on December
ATTEST:
Debra A. Mangen, Ci 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 17, 2013, and as recorded in the Minutes of said Regular
Meeting.
WITNESS my hand and seal of said City this day of 20
City Clerk