HomeMy WebLinkAboutTT December 6, 2004
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CITY OF
NDOVE
1685 CROSSTOWN BOULEVARD N,W, . ANDOVER, MINNESOTA 55304 . (763) 755-5100
FAX (763) 755-8923 . WWW,CI.ANDOVER,MN,US
City of Andover
Truth in Taxation Hearing
2005 Proposed Budget
Monday, December 6, 2004
7:00 p.m.
Council Chambers
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CITY OF
NDOVE
1';85 CROSSTOWN BOULEVARD N,W, . ANDOVER, MINNESOTA 55304. (763) 755-5100
FAX (763) 755-8923 . WWW,C1.ANDOVER,MN,US
TO: Mayor and Councilmembers
FR011; Jim Dickinson, City Administrator/Finance Director
SUBJ~CT: Truth in Taxation Hearing - 2005 Budget
DATE: December 6, 2004
INTRODUCTION
This ~'ear the Andover City Council is required to hold Truth in Taxation meetings, These
meetings give the public the opportunity to comment on the proposed 2005 budget and tax levy.
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DISCUSSION
The fi ~st hearing date (December 6, 2004) selected by the City Council is for the initial hearing to
preser t the proposed levy and budget to the public, If the initial hearing is not sufficient for all
public comment and further discussion is required, a continuation hearing will be necessary. The
date a ld time of continuation hearing must be announced before the close of the initial hearing.
The c( mtinuation hearing must occur at least 5 but no more than 14 business days after the initial
hearin g, If a continuation hearing is not necessary, the City must announce the date and time of a
subsequent hearing for the official adoption of the final levy and budget. The announcement
must IJe made prior to the end of the initial hearing,
Attacled is some basic fmancial data that will be reviewed with the Council at the meeting along
with L more detailed presentation that will be presented at the hearing similar to past budget
works J.ops.
ACTION REOUIRED
The A ndover City Council is requested to review the attached fmancial data in preparation for
the Tr lth-in- Taxation hearing,
R,"~~~
ckinson
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Notice of Proposed
Total Budget and Property Taxes
The Andover City Council will hold a public hearing on its budget and on the
amount of property taxes it is proposing to collect to pay for the costs of
:;ervices the City will provide in 2005.
:;PENDING: The total budget amounts below compare the City's 2004 total
actual budget with the amount the City proposes to spend in 2005.
2004 Total
Actual Budget
$42,335,402
Proposed 2005
Budget
$38,497,356
Change from
2004 - 2005
<9.1>%
TAXES: The property tax amounts below compare that portion of the current
hudget levied in property taxes in the City of Andover for 2004 with the
property taxes the City proposes to collect in 2005.
2004
Property Taxes
$6,751,700
Proposed 2005
Property Taxes
$7,526,813
Change from
2004 - 2005
11.5%
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LOCAL TAX RATE COMPARISON: The following compares the City's
l:urrent local tax rate, the City's tax rate for 2005 if no tax levy increase is
<ldopted, and the City's proposed tax rate for 2005.
2004
Tax Rate
31.209%
2005 Tax Rate if
NO Levy Increase
27.429%
2005 Proposed
Tax Rate
31.077%
Attend the Public Hearing
JIll Andover city residents are invited to attend the public hearing of the City
Council to express their opinions on the budget and on the proposed amount
(,f 2005 property taxes. The hearing will be held on:
Monday, December 6, 2004, at 7:00 p.m.
Andover City Hall
1685 Crosstown Blvd NW
Andover, MN 55304
You are also invited to send your written comments to:
,
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City of Andover, Mayor's Office
1685 Crosstown Blvd NW, Andover, MN 55304
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15
CITY OF ANDOVER
COUNTY OF ANOKA
STATE OF MINNESOTA
,
'~ /
RES, NO
A RESOLCTION ADOPTING THE CITY OF ANDOVER 2005 BUDGET AND 2005 PROPERTY TAX LEVY TO BE
CERTIFIED TO THE COUNTY AUDITOR,
W IEREAS, the preparation and adoption of budgets is recognized as sound [mancial practice; and
W, IEREAS, the City of Andover receives significant [mancial support from its residents through the payment of
property lID es; and
W IEREAS, the City of Andover has the responsibility to appropriately and efficiently manage the public's funds; and
W IEREAS, Minnesota State Law requires the City to certifY to the County Auditor an adopted tax levy and budget
prior to Del ember 28, 2004; and
WIEREAS, Minnesota State Law requires the City to certifY to the State of Minnesota Department of Revenue an
adopted tax levy by December 28, 2004,
N( lW, THEREFORE, BE IT RESOLVED that the City Council ofthe City of Andover hereby adopts the 2005 City
of Andover Budget and the 2005 property tax levy totaling $7,556,813 as listed on Attachment A,
BE IT FURTHER RESOLVED that the City Council of the City of Andover hereby establishes the 2005 City of
Andover Blldget by fund type as follows:
REVENUES EXPENDITURES
G ,neral Fund $ 7,3 I 8,712 General Fund $ 7,3 II,036
, / Special Revenue Funds 1,235,876 Special Revenue Funds 1,075,295
D ,bt Service Funds 9,854,687 Debt Service Funds 14,056,207
C 'pital Projects Funds 10,462, I7 I Capital Projects Funds 20,488,073
E:!terprise Funds 3,008,760 Enterprise Funds 3,456,974
Ir temal Service Funds 662,200 Internal Service Funds 723 ,224
T,tal $ 32,542,406 Total $47,110,809
Adopted b) the City of Andover this _day of December 2004,
CITY OF ANDOVER
A TIEST:
Michael R, Gamache - Mayor
Victoria V, lk - City Clerk
. \
,"_-,I
16
CITY OF ANDOVER, MINNESOTA Attachment A
Proposed 200S Property Tax Levy
,
I
Proposed
2005
General Fund Levy $ 4,831,158
Debt Service Funds Levy
2001 C G,O, Equipment Certificate 283,210
2003C G,O, Equipment Certificate 132,030
2004A G.O, Capital Improvement Bonds 247,766
2004 EDA Public Facility Revenue Bonds 807,000
2005 G,O. Equipment Certificate 200,000
Total Debt Service 1,670,006
Other Levies
Fire Levy 43,750
Capital Projects Levy
Capital Equipment/Project 203,200
) Parks Projects 52,800
Road & Bridge 679,899
Pedestrian Trail Maintenance 46,000
Lower Rum River Watershed 30,000
Gross City Levy $ 7,556,813
'\
'-~
17
I Short Subjects
Updated: December 2003
HO'USE RESEARCH
Karen Ba ker and Steve Hinze
What is i imited
marketv7lue?
What pr. 'Perty does
LMV apply to?
Is it perr.lllnent?
Does the assessor
continue valuing
the prop, ,rty?
How doef it work?
How doef the
phaseout work?
Limited Market Value
Limited Market Value (LMV) is a limitation on the amount that a property's
market value may grow from one year to the next for purposes of property
taxation. It was enacted to help mitigate rising property taxes resulting from
rapidly inflating property values.
The foIlowing classes of property qualifY for LMV:
. agricultural homestead and nonhomestead;
. residential homestead and nonhomestead;
. seasonal recreational residential property (i.e" cabins); and
. timberland (beginning with the 2001 assessment),
LMV provisions were in effect from 1973-1979, and again from 1993 to the
present- The 2001 Legislature enacted a law to phase out LMV over a six-year
time period-from assessment years 2002-2007, Beginning in assessment year
2007 (for taxes payable in 2008), all property wiIl be valued at its estimated fuIl
market value for property tax purposes.
The assessor continues to determine the property's fair market value. This value
is called the "estimated market value" (EMV), However, property that qualifies
for trea1ment under LMV may not be taxed at the fuIl value of the property if its
growth exceeds the limits,
For qualifYing property in assessment year 2003 (taxes payable in 2004), the
increase in market value shaIl not exceed the greater of:
. 12 percent of the LMV in the preceding assessment year or
. 20 percent of the difference between the current year's EMV and the
previous year's LMV,
For each year, the maximum valuation increase is determined by calculating the
increase aIlowed under columns (I) and (2), and choosing whichever is higher.
(1) (2)
Percentage of Percentage of difference between previous
Assessment Year nrevious vear's L:MV vear's LJ\fV and current year's EMV
2002 10% 15%
2003 12 20
2004 15 25
2005 15 33
2006 15 50
Example
calculations
How much has
limited market
value grown?
Assessment year 2003/payable year 2004,
The LMV of a home is $100,000 for assessment year 2002. For assessment year
2003, the assessor determines that the EMV of the home is $130,000, The
maximum market value increase for tax purposes is the greater of:
. 12 percent increase over the previous year, which is $12,000, or
. 20 percent of the $30,000 difference in value, which is $6,000.
Therefore, the home's LMV is $100,000 plus $12,000, or $Il2,000 for
assessment year 2003,
For taxes payable year 2004, almost $35 billion of market value was excluded
from the tax rolls due to LMV. The table shows the amounts for 1994-2004.
Taxes Payable Excluded Value*
Year EMV* LMV* Amount Percental(e
1994 $124.1 $123,5 $0.7 0.5%
1995 132,0 131.0 1.0 0,8
1996 142-l 14M 1.6 Ll
1997 152,1 150.0 2,0 1.3
1998 163.6 16Ll 2,5 1.5
1999 176.6 173.3 3-4 1.9
2000 202,6 197,0 5.6 2-8
2001 226-4 215,8 10.6 4,7
2002 260-4 239-4 21.0 8.1
2003 284-8 253-9 30,9 10.8
2004 321.6 286,7 34.9 10,8
· Affected property classes only. All amounts in billions,
Statewide Percentage of Tax Base Excluded
due to LMV (affected classes only)
12
10
.. 8
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Taxes Payable Year
For more information: Contact legislative analyst Karen Baker at 651-296-8959 or Steve Hinze at 651-
296-8956.
The Research Department of the Minnesota House of Representatives is a nonpartisan office providing legislative,
legal, and information services to the entire House,
House Research Department I 600 State Office Building I SI Paul, MN 55155 I 651-296-6753 I www.house.mnlhrdlhrd.htm
BudJ~et challenges: Converging factors challenge
easy tax explanations
Eric Will. tte, Rtuhel walker, and Cary Carlson
This year's city budgeting process and
this fall's ruth-in-taxation (TNT)
exercise I.lark the continuation of
recent bu:!get challenges faced by
cities acn ,ss the state, Individual TNT
notices, ",hich include estimates of
2005 pro 'erty taxes, have been mailed
to proper ty owners.
l!!.<fu i!Lual tax bills are influenced
bv many factors. Some of these factors
include tl <e result of spending decisions
by goven Wlent, including the residual
impact 0; - deep cuts in 2003 and 2004
in state ci d programs; uncertainty
about thc future of the state budget;
and the I oSSlbility of additioual state
budget Cllts and local levy increases in
response to growth, inflation, and other
pressures. Other factors influencing
estimatec tax bills are separate from
spending decision, including the
accelerati: 1j; phase out of limited market
value, thc impacts of the This Old
House plOgram, and shifting property
market v. lues.
All 0 f these facton have converged
to place 1 'ressure on local budgets and
property taxes. Below is a brief
discussioJ 1 of some of the factors that
willlikel~' impact an individual's 2005
property tax hurden.
Aid and ,:recrrt cuts
For ~. cities, the greatest budge~
-,=hallenge for 2005 was actually created
by the sif nificant cuts to local "ovem-
iilentalci (LGA) and the market value
.bomeste, d credit (MVHC) rcim-
bursemel,t enacted during the 2003
~tivt ~ The 2003 reducQons
for cities ,otaled $142 million, while
the total ~004 aid and credit reim-
bursemel,ts are $170 million less than
the origiJla! 2003 aid certifications.
Since the 2003 cuts were finalized in
late May of that year, nearly half of
the city :; 003 fiscal year had elapsed,
which m ,ant that reductions and
delays in 'pending and use of reserves
were the most co=only employed
budget responses,
The impact of the 2004 aid cuts
was compounded for CIties over 2.500
J~?l'.-ulationJl.l::_~,."cion ofl'"'()':_
limits, These cities were onll:.aJ!Q>>:<;.t!.
to rephc760 percent ;:;fthe 2004 aid
'Ciit3D~f crn; 2003 aid reduction,
Although smaller cities were not
covered by levy limits and therefore
could theoretically replace all of the aid
loss, the magnitude of such a tax
increase, and the potential impact on
taxpayen, limited the property tax
response in some of the hardest-hit
communities.
As cities fina1ize their 2005 levies
and budgets, the lingering impact of
the aid cuts is still playing out in many
cities'levy decisions. The recent
announcement of a new $700 pilllion
~"!t,,-lz!'~<jget_ deficit fO~S!!t;.JlJ2E2mim~.
~~~,bi~~'!l'.!.~~~'!!E
~~rof",~~22.~ci",~_
reimbursement reductions.
-.........-----......,.......-...
Budgetary pressures
Actions that cities took in order to.,.....
deal withJ;!l~!p_,~t~Qs_,:w}l. g<:~
~ crea~ n~~'*=!~~"!!~:,
~.1..!:!~':!.E" fi?~ that SIJe~!.W.9
~ infrastru~ture~~,frs that...V{.e.t~
d~ to cut spending cannot
'b~.:E;:,t.;ff;,;i"i;;P&er:"otller dtr;;';;
fiiling'j;J;ns that had been left vacant
in order to maintain service quality in
the face of population growtiL Cities
are also facing a range of budget
challenges unrelated to state aid cuts.
Health care costs continue to rise
steadily, high energy costs, and inflation
are putting pressure on city budgets,
Growing cities ;w;..~!I:\>.ggfu1gJ,gj?,.~
!'..~!s,~.~%.~cr:ea~~~.~<!,~?~~".
government services to new residents.
_....._....~..,~~,........-.........._""""'''''''-~
Local levy decisions
Preliminary property tax levies certified
this fall by all local governments for
payment in 2005 are 7,3 percent
higher than the final levies of2004,
These preliminary levies may be
reduced but not increased when :final
2005 levies are certified at the end of
December.
Cities' proposed levies are 9.3 per-
cent higher than in 2004. But the
severe reduction in state aid was one
imporunt reason for property tax
increases, Cities' proposed 2005 revenue
base (the combination of property
taxes and genem state aids) is up only
4 percent above the original certified
amounts for 2003, less than the impacts
of inflation (approximately 4 percent)
and population growth (2.6 percent)
over the last two-year perioli
Pbase out of LMV
The phase out of limited nurt--pt 'r::I1ue
(LMVl that began in 2003 will have
an even larger impart nn h'1Cp~U in
~The state's current LMV statutes
were enacted in 1993 and were
intended to buffer the tax impact of
rapidly rising home and cabin market
values. This fall's TNT notices which
were recenrly mailed, will reflect the
~y~~hase out, For taxes
payable in 2005, the total exclude.!!
market valuej~::!!'$..!\\).t=ellJ;\y
si'ibjectto taxes) is nearlv $35 billion.
~.. -""~-", "'~
value will be added to th~ t~1f ~
~e~~ impactin~ proQertie~ th~t
a~..E;!y){e~efi_~sthe
exep1pti~ Properties that do not_~
~n~~enefit ~D.1thepro~_
wn see ~e~~"]~~"~
decline, which will re...!!!!t in decreases
~.~_..-"""_.'tIr~
~~..$t,in...s.~~i81.b~ taxes.
0\1...(
,
Y>.o""" .
r.Pw'~
l'I"",f~ I,
This Old House program
Another program that reduces some
homesteads' market value for tax
purposes, This Old House, will also
Continued on page 7
Deceml er 1, 2004
Page 3
Budget challenges, continued from page 3
cause some participating homestead's
taxes to rise in 2005, The program
allows qualifying homesteads to make
improvements to the property, while
temporarily excluding the value of the
improvement from the parcel's market
value for tax purposes. The excluded
value for qualifiers from ~~'s
first assessIJJ~ye:u;.(W4) has ,,?ch~
its 1 O-TI"r d'W'.P.>?Aljm,i~~ will
begin pW!.ip$.p.:!l~~e We Oase,
If the improvement exceede<1'Tftl',\JOo,
20 percent will ~~ on each
~aroveraperiodo(fi~.y~n;rtilie
imProVPQ:l~~1.w.a.s..ll!l.OOO.",~,
50 perc~nt WJl~~.2n each
~ar over,twoNon..ars.
Changing properl)' market values
In recent years, the weak economy
and low interest rates have produced
significant fluctuations of property
values. Low interest rates have increased
the borrowing power of homeowners
and many economists believe this
factor is one of the most prominent
contributors to the strength of
existing home values. In addition, low
interest rates have fueled the construc-
tion of new homes despite a relatively
weak economy.
When compared to the trend in
home values, that of commercial and
industrial (C/I) property values is
quite different, The sluggish economy
h>s depressed CII property value
growth and in some cases h>s actually
resulted in property value declines,
C/I valuation decreases from 2003 to
2004 in the 2 percent to 4 percent
range are not uncommon and appear
to be occurring in a wide array of
cities across the state. In some smaller
cities, reductions of 10 percent to
20 percent have occurred.
As the values of broad classes of
property rise and fall, the tax base
composition oflocal units of govern-
ment changes, as does the incidence of
the property tax burden that is applied
to that tax base, Even without a levy
in=se, it is possible that an individual
property owner could see a substantial
tax burden increase solely due to
changing property values and tax
burden shifts within a city.
On a broader hasis, property value
fluctuations within a county can also
shift taxes. In some areas, the weak
agricultural economy can reduce farm
values and shift county taxes onto home
and C/I properties within cities, In a
similar manner, the state property tax,
which is paid by business and cabin
properties, can shift across the state
based upon the relative strength of the
various local C/I property tax bases,
Shifting reYenues
While low interes~ rat~ h:tye fi]l'''le.d,.
~ in home valy<;;j iy \QJl1~ '.~
of the state, they are. significandy
er;;a;;;g th~ earninR poten~;Tn{Qlr
r~erves and,..,.cash flow bala~CJ'~
mterest earning;~~.9.ll1ll.m.Q.re
than ~~!:m't .fIom ~QQ9.t\>.&..Q9bM
~?st rece~~~f9~~~!ll.S~~~..."....
auditor's &ta is available. In addition,
;tate aid ~tS-fia~redUCe'dfhel;~et
reserves in many cities, further erodipg
future interest earnings. In some cities,
the sluggish economy h>s also im-
pacted revenues for a host of fee-hased
city services from recreation programs
to building permits,
TNT hearings
This month's TNT hearing; will give
city officials an important opportunity
to communicate with citizens about
budget challenges, local services,
property taxes. and the factors con-
tributing to each individual's property
tax statement. t"
Governor's sUlVey lists
state aids to local
government as a
priority option
Don Reeder
On Nov, 26, Gov, Tim Pawlenty
announced the creation of a new
citizen's budget outreach web site
designed to solicit public input into
Minnesota's budget process, During
his weekly radio show, the governor
invited citizens to log-on to www.
minnesotabudget.state.mn,us and
answer a five-question survey about
the state budget and funding priorities,
Survey respondents are asked to
choose (from a list of nine issues) the
single most important issue facing the
governor and Legislature, as well as the
issue having the greatest persoual
impact on the respondent and the
respondent's funiIy,Among the nine
issues listed are "State Aids Provided to
Local Governments-Cities, Counties.
and Townships," but there is no
explanation of the state aids or the
types of city services they help to fund,
The other priority issues listed in
the survey are:
Environment, parks, and natur.U
resources.
State aids to local school districts,
Transportation funding for high-
W>)'S, bridges, and transit-
. Support of higher education-
. Programs for agriculture, fumers,
and rural development,
Law enforcement and corrections.
. Health programs, nursing homes, and
human services.
. Jobs and economic development.
City officials may want to reinforce
with citizens in their own communities
that, at a local level, state aids help to
fund many of the other priority areas
listed in the survey,
The web site will be live through
December. An administration spokes-
person has indicated he is uncertain if
the survey results will be made public.
The results will be shared with state
agency commissioners during the
state's budget preparation perio<i t"
December I, 2004
Page 7
~
"
CITY OF
NDOVE
1385 CROSSTOWN BOULEVARD N,W, . ANDOVER, MINNESOTA 55304. (763) 755-5100
FAX (763) 755-8923 . WWW,CI.ANDDVER,MN,US
TO: Mayor and CounciImembers
FROM: Jim Dickin50n, City Administrator/Finance Director
SUBJECT: Proposed 2005 City Budget & Tax Levy
DATE November 24,2004
INTRO[ UCTION
City Departments have prepared a proposed 2005 Annual Operating Budget pursuant to guidelines
establish~d by the City Council on April 27, 2004, The following memo identifies the City Council
establish ~d guidelines for the preparation of the 2005 Annual Operating Budget and highlights of the
attached proposed budget. Also included in the docwnent are the proposed budgets for funds that are
not tax J evy dependent but do account for a significant nwnber of ongoing projects and enterprise
functioru:.
DISCUSSION
Budget Guidelines:
The foll(,wing are City Council's 2005 Budget Development guidelines used by City Staff in preparing
the open ting budget:
I) A co nmitment to maintain the City Tax Rate Capacity in a manner consistent with the needs of the
organization to ensure the long-term competitiveness, efficiency, staffing and capital requirements.
In light of severe budget reductions over the last two budget cycles, the need to maintain a tax
capacity rate that will be cognizant of the rapidly changing nature of the community for City
servi ;es and appropriately recapture lost tax base revenues. 1
2) A fis;al goal that works toward establishing the General Fund balance for working capital at no less
than 30% of planned 2005 General Fund expenditures,
3) A co nmitment to maintain the 2005 debt levy at no more than 25% of the total levy,
4) A ccmprehensive review of the condition of capital equipment to ensure that the most cost-
effective replacement schedule is followed,
I This ass\:mption is dependent upon legislative impacts affecting state aids, tax capacity values, unfunded state mandates,
and other factors affecting community need including; but not limited to contracts for City services provided by outside
agencies, nflation, mandated personnel benefits, collective bargaining agreements, energy and fuel costs and other non-
discretion; ry expenditure items,
5) Ate, m approach that encourages strategic planning to meet immediate and long-term operational,
staffi ng, infrastructure and facility needs.
6) A m<nagement philosophy that actively supports the implementation of Council policies and goals,
and r xognizes the need to be responsive to changing community conditions/concerns.
It should be noted that the Proposed 2005 Budget met or exceeded the Council policy goals in all
categorie s,
Furthemore, special attention was given to providing for the first year tax levy for the Community
Center r roject, providing competitive compensation for the City employees and providing more
financial detail on the budget presentation to the City Council.
New Staffing RequestslRestructure:
The prop osed 2005 Budget provides for the following new or restructured stafTmg:
L The fully funding of a Parks Department Maintenance employee, This position was originally
a;lproved as part of the 2003 Budget, but was not hired due to the State of Minnesota budget
shortfall and the challenges of producing the 2004 Budget The proposed 2005 budget fully
fi mds this position to maintain adequate service levels within the expanding Parks system.
2. Provides for an additional Maintenance worker in the Streets Department This position is
r('quested to maintain adequate service levels (snow plowing, street maintenance, side walk &
trJ.i1 maintenance, etc,) within the Streets Department The Council may recall the presentation
a1 a July workshop meeting discussing the need to provide additional staffing within the Street
L epartment to maintain acceptable snow plowing and side walk maintenance service levels,
3, The conversion of the year-round Planning Intern position into an Associate Planner position
\\ ithin the Community Development Department This position restructuring will meet the
ir creasing requests for code enforcement, plats reviewed, commercial site plans and other
p- anning requests, The conversion of this position to a fulltime position will provide some
consistency in this position rather than the continual retraining that takes place every six months
\\ ith the Intern position,
Personnd Related Implications:
The prop Jsed 2005 Budget provides for the following personnel related expense:
L A total salary compensation adjustment package of 5% is proposed to provide wages that are
competitive with other government entities. The 5% package proposes a 4% across the board
cost-of-living increase and the utilization of the other 1% to bring into market positions that are
not competitive with industry standards. The City's Human Resources Manager in consultation
\\ ith the City Council and City Administrator has conducted the market analysis (presented at
tte November 9, 2004 Council Workshop) and have implement those changes into the budget
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2. 1 he proposed budget reflects a 5% reduction in health insurance costs and a 10% dental
insurance benefit increase, The insurance benefit changes, as in the past, will be shared
between the City and the employees based on the past contribution policy applied to the
negotiated contracts.
3. Yarious departments indicate increases and some decreases in the personal services line items
d J to a reallocation of staffing cost to the respective departments, The most significant
alocation changes will be in Public Works, Administration, and Finance. The Public Works
a locations are now more reflective of the services provided and the Administration & Finance
a location reflect a reduction in the amount of time charged to the EDA budget.
Contrac tual Departments:
The proposed 2005 Budget provides for the following service level changes:
1. The City Attorney budget reflects a 4% contract increase and a slight modification to
a<;commodate legal expenses that are not covered under the retainer agreement.
2. The Anoka County Sheriff's contract reflects a 4% general increase (approximately $60,000)
and the addition of another patrol deputy starting mid-year (approximately $100,000), The
additional deputy is will assist in keeping up with the continual increasing number of calls for
s( rvice and to provide adequate patrol coverage for the City,
Capitall'rojects Levy:
Capital Proiects Levv- The 2005 Budget proposes to specifically designate $981,899 of the general tax
levy to c,lpital projects and equipment needs relating to Capital Outlay ($203,200), Road and Bridge
($679,89'1), Pedestrian Trail Maintenance ($46,000) and Park Projects ($52,800), Specific designation
of the t IX levy to anticipated City needs and priorities for transportation maintenance, trail
maintena Ice, park projects and equipment outlays allows the City to strategically allocate its resources
and raise the public's awareness of City spending priorities. The Road and Bridge levy is calculated
accordinf to Council Policy based on annual growth increases; the other levies are set to abide by the
Council nudget guidelines.
· Rnad and Bridge - Under the Capital Projects Levy, a total of $725,899 is proposed for
In msportation programming related to maintaining City streets, roadways and pedestrian trails,
TIus will be the second year that a portion of the Road & Bridge Fund ($46,000) will be
dedicated to pedestrian trail maintenance representing approximately 6.3% of this levy,
$~73,182 is designated to the City's seal coating and crack sealing programs, with the
re naining $406,717 dedicated to street overlays pursuant to previous Council direction of
designating a one percent tax levy and capturing one percent of new tax capacity growth to
trf nsportation infrastructure needs.
· Pe rk Improvements - Under the Capital Projects Levy, $52,800 is designated to capital projects
fo' park related projects, TIris level of funding is an annual appropriation to be used to
underwrite a wide range of park improvement projects as recommended by the Park and
R( creation Commission and approved by the City Council. TIris funding is a long-term
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s lPplemental source of capital funding for park projects that would be separately identified in
tlle City' s Five-Year Capital Improvement Plan.
· ( apital Equi{lment/Proiects - Under the Capital Projects Levy, $203,200 is designated to
ulderwrite capital improvemen1Jequipment project expenditures. Through this designation, the
( ity, over time, will be able to build a fund reserve to avoid cash flow "spikes" and address a
"ide range of capital improvement needs such as facility maintenance projects under a more
c,mtrolled spending environment. A portion of this designated levy ($135,500) is proposed to
a,ldress a wide-range of facility maintenance and equipment needs.
Debt Selvice Levy:
The Debt Service levy provides for the following debt service payments and represents 22% of the
proposed levy,
· 21)01C G.O. Equipment Certificate
· 21)03C G,O- Equipment Certificate
· 21)04A G.O. Capital Improvement Bonds
· 21)04 EDA Public Facility Revenue Bonds
· 21)05 G,O. Equipment Certificate
$283,210
$132,030
$247,766
$807,000
$200,000
The levy for the 2004 EDA Public Facility Revenue Bonds represents the levy designated in the pro-
forma fmancial statements for the community center, The 2005 G,O~ Equipment Certificate is a
proposed bond issuance in the amount of $390,000 for capital outlay in 2005.
ACTION REOUESTED
The COlElcil is requested to review the attached proposed 2005 Budget information that will be the
basis o[t;le presentation at the December 6, 2004 Truth in Taxation Hearing,
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,~, ect ,submitted,
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~icki~son
Attachment