HomeMy WebLinkAbout9A - 2010 City Budgets and Final 2010 Property Tax Levy
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\ U ~ Prior Lake, MN 55372-1714
\\, ~INNESO~~ t'r'J CITY COUNCIL AGENDA REPORT
MEETING DATE:
AGENDA #:
PREPARED BY:
AGENDA ITEM:
DISCUSSION:
DECEMBER 21, 2009
9A
Jerilyn Erickson, Finance Director
CONSIDER APPROVAL OF RESOLUTIONS ADOPTING 2010 PRIOR LAKE
BUDGETS AND CERTIFYING FINAL 2010 CITY OF PRIOR LAKE
PROPERTY TAX LEVY TO SCOTT COUNTY DEPARTMENT OF TAXATION
AND AMENDING THE 2009 WATER AND SEWER FUND BUDGET.
Introduction
The purpose of this agenda item is twofold. First, the Council is asked to
consider approval of the 2010 budgets for the City of Prior Lake's General
Fund and Enterprise Funds and to determine the City's final 2010 property tax
levy for certification to the Scott County Department of Taxation office.
Second, a resolution is included which would amend the 2009 Water and
Sewer Fund budget to change the proration of salaries.
Historv
The Council has held four Workshops (June 1 & 29, August 3, and November
16) this year to discuss the challenges presented in developing the 2010
budget. The discussions have focused on anticipated reductions in
development-related revenues (Le. building permits, plan check fees, etc.) and
interest earnings, unallotments from the State for Market Value Homestead
Credit Aid, personnel costs, inflationary pressures on fuel, supplies, and
utilities and increases in debt service payments for infrastructure
reconstruction and facilities. The challenge for 2010 was filling a projected
gap of approximately $1 million due to these revenue shortfalls and projected
expenditure increases.
On September 8, 2009 the City Council approved the preliminary budgets for
the General Fund and Enterprise Funds and the initial levy under Resolution
09-124 with a proposed property tax levy increase of approximately 2.0%. It
was announced at the September 8, 2009 meeting and included in the meeting
minutes that a public hearing would be held on December 7,2009 at which the
2010 budget and levy would be discussed and which would allow for citizen
input. Following individual parcel mailings, the truth-in-taxation (TNT) hearing
was then conducted on December 7,2009. Four citizens attended the TNT
hearing. An additional 10 to 12 residents came to the Council meeting but
upon hearing that the discussion was to be centered around budgets and
taxation versus property valuation, those residents left the council chambers to
meet with the Scott County Assessor, Mike Thompson, who was stationed in
the lobby. The minutes from the TNT hearing are part of this agenda packet if
the City Council wishes to refer to them.
Following the TNT hearing, the Council further discussed some of the issues
raised during the public hearing such as the intent of the 2% property tax
increase, use of fund balance reserves, etc. Council directed staff to prepare
a resolution that reflected the budgets as they were presented and a 2%
www.cityofpriorlake.com
Phone i9,5~Ja41. 9~O~d. F~.952.fl4i7.4Z45
property tax increase. Enclosed for city council information is a table showing
the increase in debt service levy of $171,956 which is for bonds previously
issued for street reconstruction, facilities, and park improvements. This debt
service levy, together with a $10,000 levy increase for the Revolving
Equipment Fund and a $20,000 levy programmed for the park replacement
matrix make up the total additional tax levy of approximately $200,000.
Some of the strategies utilized to address the 2010 budget challenges are
directly related to the strategies implemented to address the 2009 revenue
shortfalls. A report was presented to the City Council on June 15, 2009 that
outlined the reductions to the 2009 General Fund budget. One such strategy
was allocating a portion of the salaries and benefits of the Public Works
Director and an Engineering Technician from the General Fund to the Water
and Sewer Fund. The 2009 budget was not formally amended for any of the
reductions presented in order for City management staff to maintain the
flexibility to reinstate a specific expenditure in the event that revenues
exceeded the conservative estimates used to reduce the budget. As a
housekeeping item to assist with the City's annual financial close, the Council
is asked to consider a budget amendment resolution for the reallocation of
salaries and benefits in the Water and Sewer Fund budget.
Current Circumstances
The 2010 General Fund budget submitted for your consideration totals
$12,120,546 which includes necessary taxing for general operating
expenditures, capital outlay and debt service levies.
The 2010 budget reflects measures taken to contain personnel costs, reduce
expenditures, refine the overhead allocation, and to reduce the contingency
reserve. The specifics of each of the strategies undertaken have been
presented at the budget workshops, a budget presentation at the October 19,
2009 council meeting, as well as the TNT public hearing.
The 2010 Enterprise Fund budgets submitted for your consideration are as
follows:
Water & Sewer Fund
Water Quality Fund
Transit Fund
$ 5,576,734
443,367
1,144,473
u~ 7,164,574
Total
Highlights of the proposed Enterprise Fund budgets include the following major
infrastructure projects:
o Test wells
o Meter replacement program
o Street reconstruction watermain replacement
o Street resurfacing project
D CR12 sewer improvements
D Inflow and infiltration improvements
o Outlet box and channel improvements
D Pond maintenance
o Shoreland restoration
o Eagle Creek Transit Station
o JARC grant bus purchase
FINANCIAL
IMPACT:
The proposed General Fund budget of $12,120,546 represents a DECREASE
of $356,428 or 2.86% from the 2009 budget.
The proposed Enterprise Fund budgets, $7,164,574, represent an increase of
$740,942 or 11.53% above the 2009 budget. The budget reflects a planned
use of fund balance reserves as a funding source. The Enterprise Funds
support our water and sewer utilities, water quality and transit systems.
The proposed property tax levy represents an increase of $197,631 or 2.00%
above the 2009 levy. The levy is comprised of the following elements:
PurDose
General levy
Referendum debt levies
EDA building bond levy
Revolving equipment fund levy
CI P special debt levies
Total Proposed Property Tax Levy
Amount
$7,020,503
1,084,899
605,000
260,000
1,108,784
$10,079,186
The purpose of the $200,000 or 2% increase is as follows:
. $170,000 - Debt service on bonds previously issued for street
reconstruction, facilities, and park improvements
. $ 10,000 - Revolving Equipment Fund
. $ 20,000 - Park Matrix
During this past year, Prior Lake property owners experienced valuation
adjustments ranging from a 2% increase to a 30% decrease. The additional
cost associated with a 2% levy increase is in the range of $18-$23 for the
average-valued home experiencing valuation changes in the -19% to +2%
range.
A 2010 budget overview has been included with this agenda report. The
overview reflects the dollar and percentage changes for both the property tax
levy and the budgets being considered for final adoption.
The 2009 budget amendment being considered would allow for allocating 50%
or approximately $85,000 of the personnel costs for the Public Works Director
and an Engineering Technician to the Water and Sewer Fund budget. This is
consistent with the allocations programmed in the proposed 2010 budgets.
ALTERNATIVES:
The following alternatives are available to the City Council:
1. Approve Resolution Adopting 2010 Prior Lake Budgets and Certifying
Final 2010 City of Prior Lake Property Tax Levy to Scott County
Department of Taxation.
2. Approve Resolution Amending the 2009 Water and Sewer Fund
Budget.
3. Amend Resolution according to specific Council changes.
RECOMMENDED
MOTION:
Alternatives 1 & 2. Staff would recommend that the City Council approve the
resolutions as submitted. The final property tax levy amount must be certified
to the Scott County Department of Taxation Office no later than 5 working
days after December 20th (December 28, 2009) as prescribed by Minnesota
statute.
RESOLUTION ADOPTING 2010 PRIOR LAKE BUDGETS AND
CERTIFYING FINAL 2010 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By:
Second By:
WHEREAS, The City Council of the City of Prior Lake conducted a Truth in Taxation public hearing
on December 7, 2009 pursuant to state requirements; and
WHEREAS, The City Council hereby adopts the following 2010 budgets; and
General Fund
Water & Sewer Fund
Water Quality Fund
Transit Fund
Total
$ 12,120,546
5,576,734
443,367
1,144,473
$ 19,28~~g_
WHEREAS, The property tax levy by tax base approved for payable year 2010 is as follows; and
T ax Capacity Based Levy
Market Value Based Referenda Levy
Total
$ 8,994,287
1,084,899
_ $ 10,0..1~Jt86
~-,.__.~
WHEREAS, The property tax levy approved for payable year 2010 is for the following purposes:
General Purposes
Revolving Equipment Fund
Debt Service
Total
$ 7,020,503
260,000
2,798,683
~JO,079,186
WHEREAS,
The City of Prior Lake's General Fund operating budget tax levy is hereby equivalent to
$8,710,402; and
WHEREAS,
WHEREAS,
The Revolving Equipment Fund levy amount is $260,000; and
The Special debt levies account for an additional tax levy of $1,108,784 of which the
Scott County cooperative agreement appropriation of $159,784 for CSAH 82 is
included.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. That the proposed tax levy be distributed upon the taxable property in said City for the following
purposes in payable 2010:
www. cityC?fpriorlak~ 'S()ffi
Phone 952.447.9800 / Fax 952.447.4245
PurDose Amount
* For General City Purposes $ 7,020,503
* Revolving Equipment Fund 260,000
* G.O. Improvement Bonds 2001 (Frog Town) 55,000
* G.O. Improvement Bonds 2004 (Breezy Point) 158,000
* G.O. Improvement Bonds 2005 (Fish Point) 100,000
* CSAH 82 Improvement Appropriation 2006 159,784
* G.O. Street Reconstruction Bonds 2007 182,000
* G.O. Improvement Bonds 2008 (Brooksville I) 91,000
* G.O. Improvement Bonds 2009A (Brooksville II) 139,000
* G.O. Improvement Refunding Bonds 2009B 224,000
* G.O. Building Bonds 2005 (EDA) 605,000
** Fire Hall Referendum Bonds 2008 (Refunding) 186,000
** Park Referendum Bonds 1997 688,019
** Fire Station Referendum Bonds 2006 210.880
Total... $ 10,079,186
Note: Single starred funds shall be spread over the entire consolidated City of Prior Lake.
Note: Double starred funds represent market value based referendum taxes and shall be spread over
the entire consolidated City of Prior Lake.
Note: All other bond issues have sufficient fund balances to cover debt requirements.
PASSED AND ADOPTED THIS 21st DAY OF DECEMBER, 2009.
YES
NO
Haugen
Erickson
Hedberg
LeMair
Millar
Haugen
Erickson
Hedberg
LeMair
Millar
Frank Boyles, City Manager
R:\Council\2009 Agenda Reports\12 21 09\2010 Budget Tax Levy - Resolution SLP.doc
RESOLUTION 09-xx
RESOLUTION AMENDING THE 2009 PRIOR LAKE WATER AND SEWER FUND BUDGET
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
Motion By:
Second By:
The City Council received a report on June 15, 2009 which outlined the strategies to be
utilized to meet the revenue shortfalls for 2009; and
The 2009 budgets were not formally amended for any of the reductions or reallocations
presented in order for City management staff to maintain the flexibility to reinstate a
specific expenditure in the event that revenues exceeded the conservative estimates
used to reduce the budget; and
As a housekeeping item to assist with the City's annual financial close, the Council is
asked to consider a budget amendment for the reallocation of salaries and benefits to
the Water and Sewer Fund Budget in an amount of $85,000; and
This allocation is consistent with the allocations programmed in the proposed 2010
budgets.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The 2009 Water and Sewer Fund budget is amended to reflect an additional $85,000 in personnel
costs due to the reallocation of salaries and benefits.
PASSED AND ADOPTED THIS 21st DAY OF DECEMBER, 2009.
YES
NO
Haugen
Erickson
Hedberg
LeMair
Millar
Haugen
Erickson
Hedberg
LeMair
Millar
Frank Boyles, City Manager
www.cityofpriorlake.com
Phone 952.447.9800 / Fax 952.447.4245
CITY OF PRIOR LAKE FUTURE TAX LEVY ANALYSIS ~~~~~~~~nding )
I FUND # 542 543 545 546 547,J. 550 551 555
1999 2000 2001 2002 2003 2004 2005 2008
SCHEDULED SCHEDULED SCHEDULED SCHEDULED SCHEDULED SCHEDULED SCHEDULED SCHEDULED
YEAR TAX LEVY TAX LEVY TAX LEVY TAX LEVY TAX LEVY TAX LEVY TAX LEVY TAX LEVY
~ ~ ~ ~ ~ ~ ~ ~
MV MV
MV
Fire Scott
Station No.1 County
2008A 2006
SCHEDULED COUNTY/CITY
TAX LEVY TAX LEVY
(+) (+)
Changed to current year + 5%
City Hall Park Fire Street
556? I EDA Lease Rev Ref Station No.2 Recon
2009 2005 2005A 200M 20078
SCHEDULED SCHEDULED SCHEDULED SCHEDULED SCHEDULED
TAX LEVY TAX LEVY TAX LEVY TAX LEVY TAX LEVY
(+) (+) (+) (+) (+)
GRAND
TOTAL
EXISTING
TAX LEVY
SCHEDULE A
PRIOR LAKE FUTURE ESTIMATED TAX LEVIES
"'Based on Transportation Plan adopted as part ofCIP on 07/20/2009
SCHEDULE A GRAND TOTAL
EXISTING &
EST. FUTURE EST. FUTURE
TAX LEVY TAX LEVIES
Change
2009 39,000.00 65,000.00 55.000.00 55,000.00 100,000.00 157,000.00 100,000.00 91,000.00 0.00 660,206.00 213,355.00 179,970.00 166,053.00 159,023.00 2,626,727.00 2,626,727.00 2009
2010 0.00 55,000.00 0.00 224,000.00 158,000.00 100,000.00 91,000.00 688,019.00 210,880.00 182,000.00 186,000.00 159,784.00 2,659,683.00 2,798,683.00 171,956 2010
2011 55,000.00 0.00 168,000.00 158,000.00 100,000.00 91,000.00 703,682.00 213,680.00 182,000.00 188,000.00 155.195.00 2,634,557.00 3,025,557.00 226,874 2011
2012 0.00 170,000.00 158,000.00 100,000.00 91.000.00 727,244.00 216,280.00 182,000.00 189,000.00 155,757.00 2,624,281.00 3,287,281.00 261,724 2012
2013 111,000.00 158,000.00 100,000.00 91,000.00 753,169.00 223,680.00 182,000.00 190,000.00 156,119.00 2,614,968.00 3,551,968.00 264,687 2013
2014 158,000.00 101,000.00 91,000.00 786,112.00 220,680.00 182,000.00 156,282.00 2,360,074.00 3,537,074.00 (14,894) 2014
2015 101,000.00 91,000.00 680,000.00 820,475.00 227,680.00 182,000.00 156,245.00 2,258,400.00 1,417,000.00 3,675,400.00 138,326 2015
2016 91,000.00 695,000.00 856,750.00 239,280.00 182,000.00 155,972.00 2,220,002.00 1,664,000.00 3,884,002.00 208,602 2016
2017 91,000.00 710,000.00 792,750.00 235,030.00 182,000.00 160,571.00 2,171,351.00 1,904,000.00 4,075,351.00 191,349 2017
2018 91,000.00 725,000.00 240,780.00 1,056,780.00 2,114,000.00 3,170,780.00 (904,571) 2018
2019 740,000.00 246,105.00 986,105.00 2,390,000.00 3,376,105.00 205,325 2019
2020 760,000.00 256,005.00 1,016,005.00 2,491,000.00 3,507,005.00 130,900 2020
2021 775,000.00 265,200.00 1,040,200.00 2,239,000.00 3,279,200.00 (227,805) 2021
2022 785,000.00 268,675.00 1,053,675.00 1,967,000.00 3,020,675.00 (258,525) 2022
2023 800,000.00 276,475.00 1,076,475.00 1,693,000.00 2,769,475.00 (251,200) 2023
2024 820,000.00 293,600.00 1,113,600.00 1,453,000.00 2,566,600.00 (202,875) 2024
2025 835,000.00 299,600.00 1,134,600.00 1,213,000.00 2,347,600.00 (219,000) 2025
2026 855,000.00 304,925.00 1,159,925.00 966,000.00 2,125,925.00 (221,675) 2026
2027 875,000.00 314,575.00 1,189,575.00 726,000.00 1,915,575.00 (210,350) 2027
2028 890,000.00 323,325.00 1,213,325.00 516,000.00 1,729,325.00 (186,250) 2028
2029 915,000.00 326,175.00 1,241,175.00 240,000.00 1,481,175.00 (248,150) 2029
2030 333,350.00 333,350.00 0.00 333,350.00 (1,147,825) 2030
2031 339,625.00 339,625.00 0.00 339,625.00 6,275 2031
2032 0.00 0.00 (339,625) 2032
2033 0.00 0.00 2033
2034 0.00 0.00 2034
39,000.00 65,000.00 165,000.00 55,000.00 773,000.00 947,000.00 702,000.00 910,000.00 15,621,120.00 6,788,407.00 6,088,960.00 1,635,970.00 919,053.00 1,414,948.00 36,124,458.00 26,300,000.00 62,424,458.00
ESTIMATED TAX LEVY------>
ADD: 20.00% FACTOR
ROUNDING FACTOR -------->
$2,100,000.00 $2,265,000.00 $2,280,000.00 $2,000,000.00 $2,000,000.00 $2,057,000.00 $2,000,000.00 $1,750,000.00
$2,520,000.00 $2,718,000.00 $2,736,000.00 $2,400,000.00 $2,400,000.00 $2,468,400.00 $2,400,000.00 $2,100,000.00
$2,520,000.00 $2,720,000.00 $2,740,000.00 $2,400,000.00 $2,400,000.00 $2,470,000.00 $2,400,000.00 $2,100,000.00
2009 2010 2011 2012 2013 2014 2015 2016 2017
EST. SCHEDULED SCHEDULED SCHEDULED SCHEDULED SCHEDULED SCHEDULED SCHEDULED SCHEDULED
YEAR TAX LEVY TAX LEVY TAX LEVY TAX LEVY TAX LEVY TAX LEVY TAX LEVY TAX LEVY TAX LEVY
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
139,000.00
139.000.00
139.000.00
139,000.00
139,000.00
139,000.00
139,000.00
139,000.00
139,000.00
139.000.00
252,000.00
252,000.00
252,000.00
252,000.00
252,000.00
252,000.00
252,000.00
252,000.00
252,000.00
252,000.00
272,000.00
272,000.00 274,000.00
272,000.00 274,000.00 240,000.00
272,000.00 274,000.00 240,000.00
272,000.00 274,000.00 240,000.00
272,000.00 274,000.00 240,000.00
272,000.00 274,000.00 240,000.00
272,000.00 274,000.00 240,000.00
272,000.00 274,000.00 240,000.00
272,000.00 274,000.00 240,000.00
274,000.00 240,000.00
240,000.00
240,000.00
240.000.00
240.000.00
240,000.00
240,000.00
240,000.00
240,000.00
240,000.00
240,000.00
240,000.00
247,000.00
247,000.00
247,000.00
247,000.00
247,000.00
247,000.00
247,000.00
247,000.00
247,000.00
247,000.00
240,000.00
240,000.00
240,000.00
240,000.00
240,000.00
240,000.00
240,000.00
240,000.00
240,000.00
240,000.00
210,000.00
210,000.00
210,000.00
210,000.00
210,000.00
210,000.00
210,000.00
210,000.00
210,000.00
210,000.00
OIBUDGE1\2010IProperty Taxes\201O Property Tax Projections - 2009.12.14 . Debt Levies-Updated
1,390,000.00 2,520,000.00 2,720,000.00 2,740,000.00 2,400,000.00 2,400,000.00 2,470,000.00 2,400,000.00 2,100,000.00
$2,300,000.00 $2,000,000.00 $0.00
$2,760,000.00 $2,400,000.00 $0.00
$2,760,000.00 $2,400,000.00 $0.00
$20,752,000.00
$24,902,400.00
$24,910,000.00
GRAND
TOTAL
EST. FUTURE
TAX LEVY
2018 2019 2020
SCHEDULED SCHEDULED SCHEDULED
TAX LEVY TAX LEVY TAX LEVY
276,000.00
276,000.00
276,000.00
276,000.00
276,000.00
276,000.00
276,000.00
276,000.00
276,000.00
276,000.00
0.00
139,000.00
391,000.00
663,000.00
937,000.00
1,177,000.00
1,417,000.00
1,664.000.00
1,904,000.00
2,114,000.00
2,390,000.00
2,491,000.00
2,239,000.00
1,967,000.00
1,693,000.00
1,453,000.00
1,213,000.00
966,000.00
726,000.00
516,000.00
240,000.00
0.00
240,000.00
240,000.00
240,000.00
240,000.00
240,000.00
240,000.00
240,000.00
240,000.00
240,000.00
240,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
000
0.00
2,760,000.00 2,400,000.00
0.00
26,300,000.00
Page 1 of 1
12/14/2009
FINAL ADOPTION 12.21.2009
City of Prior lake
2010 Proposed Budget
Budgeted Funds
Total
General Water & Sewer Water Quality Transit Enterprise Budgeted
Fund Fund Fund Fund Funds Funds
Revenues I Sources
Property Taxes
Levy - Tax Capacity $ 7,625,503 $ $ $ $ $ 7,625,503
Levy - Market Value 1,084,899 1,084,899
MVHC Aid (227,546) (227,546)
Special Assessments
Licenses & Permits 269,975 269,975
Fines & Forfeits 182,000 182,000
Intergovernmental 1,327,667 444,661 444,661 1,772,328
Charges for Services 1,382,131 4,619,188 425,000 90,000 5,134,188 6,516,319
Other Revenues 150,917 100,000 100,000 250,917
Bond Proceeds
Transfers 325,000 325,000
Total Revenues I Sources $ 12,120,546 $ 4,719,188 $ 425.000 $ 534,661 $ 5,678,849 $17,799,395
Expenditures I Uses
Employee Services $ 6,489,913 $ 1,200,157 $ 148,942 $ 88,317 $ 1,437,416 $ 7,927,329
Current Expenditures 3,472,133 2,532,781 69,425 775,520 3,377,726 6,849,859
Capital Outlay 308,900 24,000 24,000 332,900
Capital Improvements 765,000 225,000 280,636 1,270,636 1,270,636
Subtotal $ 10,270,946 $ 4,521,938 $ 443,367 $ 1,144,473 $ 6,109,778 $ 16,380,724
Transfers to other funds
General Fund $ $ 325,000 $ $ $ 325,000 $ 325,000
Maintenance Building 181,807 181,807 181,807
Treatment Plant 457,989 457,989 457,989
Equipment Fund 90,000 90,000 90,000
Park Equipment Fund 100,000 100,000
Debt Funds 1,680,600 1,680,600
Contingency 69,000 69,000
Subtotal $ 1,849,600 $ 1,054,796 $ $ $ 1,054,796 $ 2,904,396
Total Expenditures I Uses $ 12,120,546 $ 5,576,734 $ 443,367 $ 1,144,473 $ 7,164,574 $19,285,120
Change in Fund Balance $ $ (857,546) $ (18,367) $ (609,812) $ (1,485,725) $ (1,485,725)
2010 Proposed Property Tax levy
I Property Taxes Change 09 - 10
2009 2010 Amount Percent
Levy - Tax Capacity
Budgeted Funds:
General Fund - Operating $ 7,004,828 $ 7,020,503 $ 15,675 0.22%
General Fund - Debt $ 586,120 $ 605,000 $ 18,880 3.22%
Non-Budgeted Funds:
Debt Service Funds 1,000,993 1,108,784 107,791 10.77%
Equipment Fund 250,000 260.000 10,000 4.00%
$ 8,841,941 $ 8,994,287 $ 152,346 1.72%
Levv - Market Value - General Fund 1,039,614 1,084,899 45,285 4.36%
Total Levv $ 9,881,555 $ 10,079,186 $ 197.631 2.00%
2010 Proposed Budget Comparisons
Total
General Water & Sewer Water Quality Transit Enterprise Budgeted
Fund Fund Fund Fund Funds Funds
2010 Total Expenditures I Uses 12,120,546 5,576,734 443,367 1,144,473 7,164,574 19,285,120
2009 Total Expenditures I Uses 12,476,974 5,191,706 421,806 810,120 6,423,632 18,900,606
Change 2009 to 2010 ($) (356,428) 385,028 21,561 334,353 740,942 384,514
Change 2009 to 2010 (%) -2.86% 7.42% 5.11% 41.27% 11.53% 2.03%
Page 10f2 12/1512009
FINAL ADOPTION 12.21.2009
City of Prior Lake
2010 Proposed Budget
Non-Budgeted Funds
Debt Revolving Maintenance Treatment Park Equip
Service Equipment Building Plant Fund Non-Budgeted Budgeted Total
Funds Fund Fund Fund (NEW) Funds Funds Funds
Revenues I Sources
Property Taxes
Levy - Tax Capacity 1,108,784 260,000 1,368,784 7,625,503 8,994,287
Levy - Market Value Referendum 1,084,899 1,084,899
MVHC Aid (227,546) (227,546)
Licenses & Permits 269,975 269,975
Fines & Forfeits 182,000 182,000
Intergovernmental 1,772,328 1,772,328
Charges for Services 6,516,319 6,516,319
Other Revenues 250,917 250,917
Transfers 1,680,600 90,000 181,807 457,989 100,000 2,510,396 325,000 2,835,396
Total Revenues I Sources 2,789.384 350,000 181.807 457.989 100,000 3.879.180 17,799,395 21,678.575
Expenditures I Uses
Employee Services 7,927,329 7,927,329
Current Expenditures 6,849,859 6,849,859
Capital Outlay 332,900 332,900
Capitallmprovements 1,270,636 1,270,636
Subtotal 16,380,724 16,380,724
Transfers to other funds
General Fund 325,000 325,000
Maintenance Building 181,807 181,807
Treatment Plant 457,989 457,989
Equipment Fund 90,000 90,000
Park Equipment Fund 100,000 100,000
Debt Funds 1,680,600 1,680,600
Contingency 69,000 69,000
Subtotal 2,904,396 2,904,396
Total Expenditures I Uses 19.285.120 19,285.120
ChanQe in Fund Balance 2,789,384 350,000 181,807 457,989 100,000 3,879,180 (1,485,725) 2,393,455
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