HomeMy WebLinkAbout10A - 2011 Preliminary Budget and Property Tax Levy
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MEETING DATE:
AGENDA #:
PREPARED BY:
PRESENTED BY:
AGENDA ITEM:
DISCUSSION:
4646 Dakota Street SE
Prior Lake, MN 55372
CITY COUNCIL AGENDA REPORT
SEPTEMBER 7,2010
10A
JERIL YN ERICKSON, FINANCE DIRECTOR
JERIL YN ERICKSON
CONSIDER APPROVAL OF A RESOLUTION ADOPTING PROPOSED 2011
CITY BUDGETS AND CERTIFYING PRELIMINARY 2011 CITY OF PRIOR
LAKE PROPERTY TAX LEVY TO SCOTT COUNTY DEPARTMENT OF
TAXATION
Introduction
The Truth in Taxation statutes require that each "taxing authority" adopt a
proposed budget and certify a preliminary tax levy for payable 2011 property
taxes to the County Department of Taxation on or before September 15, 2010.
The attached resolution fulfills this statutory requirement.
The 2009 Legislature made some significant changes to the Truth in Taxation
process for 2010 and beyond. At the meeting at which the City Council adopts
a proposed budget and tax levy (September 7), the Council must announce the
time and place of the council meeting at which the 2011 budget and levy will be
discussed and which allows for citizen input (December 6 here in the Prior
Lake City Council Chambers). This information must also be included in the
meeting minutes.
Historv
The Council held a workshop on August 16 to discuss the preliminary 2011
budget and tax levy. Staff sought direction on three primary issues:
1) Preliminary 2011 budget
2) Use of fund balance reserves
3) Preliminary 2011 tax levy options
Staff presented a preliminary 2011 budget which reflected expenditures and
revenues associated with current service levels as well as the three priorities
that the Council had communicated in recent workshops:
1) Economic Development
2) Strong Financial Management
3) Natural Resources
These three priorities were recently incorporated into the 2030 Vision and
Strategic Plan and contain seventeen new objectives that Council has tasked
staff to achieve.
Current Circumstances
Preliminary 2011 Budget
The preliminary budgets prepared reflect the Council-directed priorities.
Phone 952.447.9800 / Fax 952.447.4245/ www.cityofpriorlake.com
Economic Development
The Council has indicated that resources should be dedicated to supporting
economic development initiatives. The Council also recognizes that current
staffing levels are not sufficient to dedicate the time and effort that will be
needed to achieve the aggressive goals that are expected to be established by
the Economic Development Authority. Staff was directed to include resources,
either in the form of consultants or full-time staff, be added to the 2011 budget
to reflect this priority.
The preliminary budget reflects an additional $110,000 in personnel costs
(salary and benefits) to hire a full-time Economic Development Coordinator. If
the Council believes that a consultant is more appropriate at this time, the
budget would be adjusted to reflect the costs under current expenditures
versus employee services. In any case, these decisions can be made once a
complete analysis has been accomplished. The key is that resources have
been included in the budget for this important priority.
No additional expenditures have been included in the preliminary budget for
support services such as clerical, marketing and promotion, professional
services, etc.
Strong Financial Management
The Council has indicated that they would support using General Fund
reserves to mitigate property tax demands for 2011. Resolution 07-087, which
adopted the revised 2030 Vision and Strategic Plan and established the
Finance Performance Gold Standards, provides the current guidance for the
General Fund reserve balances. One of the objectives of this goal was to
maintain a 45% General Fund reserve balance.
The preliminary budget reflects the use of General Fund reserves in the
amount of $350,000. The use of $350,000 maintains a projected level of
reserves at slightly less than 45%.
Natural Resources
The Council has indicated that resources should be dedicated to supporting
additional water quality initiatives. The Water Quality Fund budget reflects
grant revenues that would pay for the additional personnel (.65 FTE
engineering position) and operating costs associated with these initiatives.
Budget Overview
This year, for the first time we have included two funds which have not been
budgeted historically. In an effort to be more transparent, the staff is
recommending that they be reflected here as shown below.
The Budget Overview reflects preliminary figures for the 2011 budget for the
following funds:
. General Fund
. Debt Service Funds - NEW - includes all debt
. Revolving Equipment Fund - NEW - reflects 2011 equipment needs
approved in the 2011-2015 CIP (adopted on 06/21/2010)
. Water Fund - separated from Sewer Fund
. Sewer Fund - separated from Water Fund
. Water Quality Fund
. Transit Fund
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The expenditures anticipated for the Debt Service Funds and the Revolving
Equipment Fund have not previously been budgeted. Many cities establish
budgets for only their General Fund and Enterprise Funds, as Prior Lake has
done in the past. Developing budgets for each of these funds will provide
greater transparency in the types of overall expenditures that are expected in
2011. Staff recommends including budgets for the Debt Service Funds and the
Revolving Equipment Fund in the overall 2011 budget.
Per Council direction in 2009, staff has separated the water and sewer
functions into two separate funds.
Summary Revenue and Expenditure Reports
Summary reports are provided for each of the funds noted above.
Significant changes are as follows:
General Fund Revenues
. .12% decrease in total revenues
. Decreased property tax levy for operations by $59,000;
. Increased property tax levy for referendum and EDA debt by $35,000;
· Increased tower/communication site lease revenues (Clear Wireless and
TTM);
. Reductions in School Liaison, Cleanup Day grants/gate fees, court fines
and restitution fines;
. Additional $30,000 loss of MVHC Aid from the State of MN for a total of
$258,000;
. Increased transfers from Water Fund and Sewer Fund by $10,000.
General Fund Exoenditures
. 2.77% increase in total expenditures
. Addition of full-time Economic Development Coordinator;
. Squad car purchases were taken out of the Police operating budget and
are reflected in the Revolving Equipment Fund budget;
. Personnel costs reflect COLA and steps per union agreements (LELS and
Teamsters) and projected for AFSCME and non-represented, mandated
increases for PERA, anticipated increases for insurances;
. Contingency was reduced to zero, recognizing that the Fund Balance
reserves are available in the event additional funding is needed;
. Transfer to Revolving Park Equipment Fund was reduced from $100,000 to
$50,000 to coincide with funding identified in the Park Equipment
Replacement Plan.
Debt Service Funds
. Increased property tax revenues for debt by $48,000.
. Reflects payments for all types of debt including special assessment
bonds, tax increment bonds, general obligation bonds, revenue bonds, and
referendum bonds.
Revolvina Eauioment Fund
. Revenues from property tax levy and transfers from Water Fund and Sewer
adjusted to coincide with funding identified in the Equipment Replacement
Plan.
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· Reflects equipment identified in the 2011-2015 CIP that is expected to be
replaced in 2011.
Water Fund & Sewer Fund
. Operating revenues unchanged;
· Personnel costs reflect adjustments as noted above;
· Reflects capital improvement projects identified in the 2011-2015 CIP
(Transportation Plan) that are expected to be in progress in 2011.
Water Qualitv Fund
· Operating revenues unchanged;
· Includes grant revenue for water quality initiatives;
· Personnel costs reflect adjustments as noted above and the addition of .65
FTE engineering position for water quality initiatives;
· Reflects capital improvement projects identified in the 2011-2015 CIP that
are expected to be in progress in 2011.
Transit Fund
· Increased revenues from bus fares and state transit aid;
· Personnel costs reflect adjustments as noted above;
· Reductions in operating costs;
· No capital projects planned.
Use of Fund Balance Reserves
Each of the funds represented in the Budget Overview reflect a planned use of
fund balance reserves. The Enterprise Funds have capital improvement
projects that will vary in cost and scope each year. Utility rates (water, sewer
and water quality) are not adjusted each year to fund the current projects but
are adjusted in conjunction with a rate analysis that takes into account the
long-term infrastructure replacement needs or water quality initiatives identified
in the Capital Improvement Program. The Transit Fund is supported by state
aid and bus fares. It is the intent of the Metropolitan Council to reduce the
level of reserves available for operations as well as capital projects. Therefore,
all of the Enterprise Funds reflect a planned use of fund balance reserves.
The Revolving Equipment Fund was established to smooth out the funding
from the property tax levy and transfers from the Water Fund and Sewer Fund.
The expected replacement cost identified in the Equipment Replacement Plan
will vary from year to year due to the differences in useful life of each piece of
equipment, alternatives currently available to replacement, the type of
equipment (fire truck versus half-ton pickup), etc. The property tax levy and
transfers are not adjusted each year to fund the current replacement needs but
are adjusted in conjunction with the long-term Equipment Replacement Plan.
The Debt Service Funds
Property taxes and special assessments collected in the Debt Service Funds
are reserved for the repayment of debt service. Due to the variability of special
assessment collections and the additional 5% levy requirement, a fund balance
reserve is established to ensure that funds are available to pay the annual debt
service obligations. The Debt Service Funds reflect a planned use of fund
balance reserves.
The General Fund reflects a use of fund balance reserves in the amount of
$350,000 for 2011. Approximately $100,000 (of the $350,000) is identified for
funding the Economic Development position and $250,000 is for general
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operations. It maintains a projected level of reserves at slightly less than 45%
which, currently, is the guidance adopted by the City Council.
Preliminary 2011 Tax Levy Options
The preliminary 2011 budget includes a preliminary tax levy of $10,114,124.
This is a $34,938 or 0.35% increase from the 2010 tax levy.
Truth-in-Taxation Hearing Process
As mentioned above, new legislation requires that the City Council announce
the time and place of the council meeting at which the 2011 budget and levy
will be discussed and which allows for citizen input. This information must be
included in the meeting minutes.
The public hearing on the proposed 2010 budget and tax levy will be held on
Monday, December 6, 2010, at 6 p.m. with a continuation hearing to be
scheduled for Monday, December 20, 2010, if needed.
ISSUES:
The attached resolution reflects a orooosed 2011 General Fund Budaet of
$12.456.390 reoresentina a 2.77% increase from the current vear budaet of
$12.120.546.
The oreliminarv total budaet which includes the addition of two new funds
(Debt Service Funds and Revolvina Eauioment Fund) is $25.939.463.
Comoarina the 2010 budaet ($19.285.120) with the oreliminarv 2011 budaet
without these two new funds ($20.967.706), the increase would be 8.72%.
Overall, the proposed tax levy of $10,114,124 is comprised of the following
elements:
PurDose
Amount $ Chanae
l"~~Q~~9,1",p~~P,9,~,~,~""",,
: RevolviQg~q~iPI"!l~QtJIJ.Qgm
I Referendum debt levies
l~Q!:\~~ilgiQgmbond levYm
; CIP special debt levies i
'T9t9/PCc?p~E{iI~~~~yxJ
$ 6,
270,000 I
1,105,36?
'm~?g,9QQ
1,157,195 i
m~Jg!J14,1?4,m' $
The orooosed tax levv of $10.114.124 reoresents a 0.35% increase from the
current vear tax levv of $10.079.186.
The initial property tax levy certification for 2011 as approved this evening may
be maintained at this level or only adjusted downward when the final budget
and property tax levy is considered in December.
FINANCIAL
IMPACT:
There are multiple factors that have an impact on the property tax that is levied
against an individual property. They include, but are not limited to, the
following:
1) Valuation of individual property
2) Total valuation of all properties in the community
3) Classification rates
4) Property tax levy
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AL TERNATIVES:
RECOMMENDED
MOTION:
Reviewed by:
When anyone of these factors change, the amount of property tax levied
against a particular property will be impacted. During this past year, Prior Lake
property owners experienced valuation adjustments ranging from a 15%
increase to a 15% decrease. Approximately 98% of property owners received
some level of valuation decrease. The total tax capacity valuation for the City
of Prior Lake decreased approximately 4.4%. There were no changes in the
classification rates. Therefore, the impact of any tax levy decision will vary
from one property to the next.
Historically, we have used the average valued home as a basis for
communicating the impact of any tax levy decision. Based on current tax
valuations provided by Scott County, the average valued home of $304,200 in
2010 decreased approximately 5% to $288,800 for 2011. The imoact of a
0.35% or $35.000 increase in orooertv tax levv would be an aooroximate $8.00
reduction in taxes imoosed bv the Citv of Prior Lake. This does not include the
impact of taxes imposed by the county, school district, etc.
The attached resolution identifies the funds for which the City approves formal
budgets and the proposed 2011 property tax levy. The resolution also states
that the Citv will hold a formal Truth in Taxation oublic hearina to receive
citizen inout on the orooosed 2011 budoet and orooertv tax levv on Mondav
December 6. 2010 at 6:00 O.m.
Final budget adoption and property tax levy approval will occur during the
following council meeting on December 20, 2010.
The following alternatives are available to the City Council:
1. Approve Resolution Adopting Proposed 2011 City Budgets and Certifying
Preliminary 2011 City of Prior Lake Property Tax Levy to Scott County
Department of Taxation as submitted.
2. Amend resolution to an amount determined by the City Council.
Staff recommends Alternative #1. The Council may make alternative
adjustments between now and the final levy determination that must be
certified in late December.
Frank Boyles, City Manager
ATTACHMENTS:
1. Resolution Adopting Proposed 2011 City Budgets and Certifying
Preliminary 2011 City of Prior Lake Property Tax Levy to Scott County
Department of Taxation
2. 2011 Proposed Budget Overview
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4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 1 a-xxx
A RESOLUTION ADOPTING PROPOSED 2011 CITY BUDGETS AND CERTIFYING
PRELIMINARY 2011 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
Motion By:
Second By:
Truth in Taxation provisions as specified by state statute requires the Prior Lake City
Council to certify a proposed property tax levy to the Scott County Department of
Taxation; and
Preliminary budget amounts for the City of Prior Lake for calendar year 2011 are
estimated as follows; and
General Fund
Debt Service Funds
Revolving Equipment Fund
Water Fund
Sewer Fund
Water Quality Fund
Transit Fund
Total
$ 12,456,390
4,278,001
693,756
3,823,926
2,928,591
906,906
851,893
$ 25,939,463
The proposed property tax levy for the City of Prior Lake for payable year 2011 is as
follows; and
General Purposes
Revolving Equipment Fund
Debt Service
Total
$ 6,961,567
270,000
2,882,557
$ 10,114,124
The proposed property tax levy by tax base for the City of Prior Lake for payable year
2011 is as follows; and
Tax Capacity Based Levy
Market Value Based Referenda Levy
Total
$ 9,008,762
1,105,362
$ 10,114,124
The proposed City of Prior Lake property tax levy for the year payable 2011 represents an
increase of 0.35%; and
The City Council will consider the 2011 General Fund, Debt Service, Revolving
Equipment Fund and Enterprise Fund Budgets and the Final 2011 Property Tax Levy
during its regularly scheduled council meeting at 6:00 p.m. on Monday December 6, 2010
at 4646 Dakota Street SE, Prior Lake with a continuation (if necessary) at 6:00 p.m. on
December 20, 2010.
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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 2011 :
Puroose Amount
* For General City Purposes $ 6,961,567
* Revolving Equipment Fund 270,000
* G.O. Improvement Bonds '01 (Frog Town) 55,000
* G.O. Improvement Bonds '04 (Breezy Point) 158,000
* G.O. Improvement Bonds '05 (Fish Point) 100,000
* CSAH 82 Improvement Appropriation '06 155,195
* G.O. Street Reconstruction Bonds '07 182,000
* G.O. Improvement Bonds '08 (Brooksville Hills I) 91,000
* G.O. Improvement Bonds '09 (Brooksville Hills II) 139,000
* G.O. Imp Refunding Bonds 2009B 168,000
* G.O. Improvement Bonds '10 (CR12) 109,000
* G.O. Building Bonds '05 (EDA) 620,000
** Park Refunding Bonds '05 703,682
** Fire Station #2 Referendum Bonds '06 213,680
** Fire Station #1 Refunding Bonds '08 188,000
Total $10,114,124
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 7th DAY OF SEPTEMBER, 2010.
YES
NO
I Myser
I Erickson
I Hedberq
I Keeney
I Millar
Myser
Erickson
Hedberq
Keeney
Millar
Frank Boyles, City Manager
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Council Meeting 09.07.2010
City of Prior Lake
2011 Preliminary Budget
Budgeted Funds
Debt Revolving Total Total
General Service Equipment Governmental Water Sewer Water Quality Transit Enterprise Budgeted
Fund Funds Fund Funds Fund Fund Fund Fund Funds Funds
Revenues I Sources
Property Taxes
Levy - Tax Capacity $ 7,581,567 1,157,195 270,000 $ 9,008,762 $ $ $ $ $ 9,008,762
Levy - Market Value 1,105,362 1,105,362 1,105,362
MVHC Aid (258,524) (258,524) (258,524)
Special Assessments
Licenses & Permits 269,975 269,975 269,975
Fines & Forfeits 150,000 150,000 150,000
Intergovernmental 1,310,678 1,310,678 87,000 560,886 647,886 1,958,564
Charges for Services 1,467,332 1,467,332 2,702,938 1,916,250 425,000 100,000 5,144,188 6,611,520
Other Revenues 145,000 145,000 50,000 50,000 100,000 245,000
Bond Proceeds
Transfers 335,000 2,367,398 100,000 2,802,398 2,802,398
Total Revenues I Sources $ 12,106.390 $ 3,524,593 $ 370,000 $ 16,000,983 $ 2,752,938 $ 1.966,250 $ 512,000 $ 660,886 $ 5.892,074 $ 21,893,057
Expenditures I Uses
Employee Services $ 6,987,602 $ 6,987,602 $ 671,270 $ 592,898 $ 241,481 $ 96,293 $ 1,601,942 $ 8,589,544
Current Expenditures 3,478,928 3,478,928 1,071,145 1,581,371 155,425 755,600 3,563,541 7,042,469
Capital Outlay 226,295 693,756 920,051 20,000 4,000 24,000 944,051
Capital Improvements 1,283,000 440,000 510,000 2,233,000 2,233,000
Subtotal $ 10,692,825 693,756 11,386,581 $ 3,045,415 $ 2,618,269 $ 906,906 $ 851,893 $ 7,422,483 $ 18,809,064
Transfers to other funds
General Fund $ $ $ 167,500 $ 167,500 $ $ $ 335,000 $ 335,000
Maintenance Building 92,822 92,822 185,644 185,644
Treatment Plant 468,189 468,189 468,189
Equipment Fund 50,000 50,000 100,000 100,000
Park Equipment Fund 50,000 50,000 50,000
Debt Funds 1,713,565 1,713,565 1,713,565
Contingency
Debt Service 4,278,001 4,278,001 4,278,001
Subtotal $ 1,763,565 $ 4,278,001 $ 6,041,566 $ 778,511 $ 310,322 $ $ $ 1,088,833 $ 7,130,399
Total Expenditures I Uses $ 12,456,390 $ 4,278,001 $ 693,756 $ 17,428,147 $ 3,823,926 $ 2.928,591 $ 906,906 $ 851,893 I $ 8.511,316 $ 25,939,463
Change in Fund Balance $ (350,000) $ (753,408) $ (323,756) $ (1,427,164) $ (1,070,988) $ (962,341) $ (394,906) $ (191,007)1 $ (2,619,242) $ (4,046,406),
Page 1 0'2
2011 Preliminary Property Tax Levy
Change 10 -11
Property Taxes 2010 2011 Amount Percent
Levy - Tax Capacity
General Fund - Operating $ 7,020,503 $ 6,961,567 $ (58,936) -0.84%
General Fund - Debt $ 605,000 $ 620,000 $ 15,000 2.48%
Debt Service Funds 1,108,784 1,157,195 48,411 4.37%
Revolvina Equipment Fund 260,000 270,000 10,000 3.85%
$ 8,994,287 $ 9,008,762 $ 14,475 0.16%
Lew - Market Value - General Fund 1.084,899 1,105.362 20,463 1.89%
Total Lew $ 10,079,186 $ 10,114,124 $ 34,938 0.35%
2011 Preliminary Budget Comparisons (including Debt Service Funds & Revolving Equipment Fund)
Revolving Total Total
General Debt Service Equipment Governmental Water Sewer Water Quality Transit Enterprise Budgeted
Fund Funds Fund Funds Fund Fund Fund Fund Funds Funds
2011 Total Expenditures I Uses 12,456,390 4,278,001 693,756 17,428,147 3,823,926 2,928,591 906,906 851,893 8,511,316 25,939,463
2010 Total Expenditures I Uses 12,120,546 12,120,546 2.893,785 2,682,950 443,367 1,144,473 7,164,575 19,285,121
Change 2010 to 2011 ($) 335,844 4,278,001 693,756 5,307,601 930,141 245,641 463,539 (292,580) 1,346,741 6,654,342
Chanae 2010 to 2011 (%) 2.77% 0.00% 0.00% 43.79% 32.14% 9.16% 104,55% -25.56% 18.80% 34.51 %
2011 Preliminary Budget Comparisons (excluding Debt Service & Revolving Equipment Fund)
Revolving Total Total
General Debt Service Equipment Governmental Water Sewer Water Quality Transit Enterprise Budgeted
Fund Funds Fund Funds Fund Fund Fund Fund Funds Funds
2011 Total Expenditures I Uses 12,456,390 12,456,390 3,823,926 2,928,591 906,906 851,893 8,511,316 20,967,706
2010 Total Expenditures I Uses 12,120,546 12,120,546 2,893,785 2,682,950 443,367 1,144,473 7,164,575 19,285,121
Change 2010 to 2011 ($) 335,844 335,844 930,141 245,641 463,539 (292,580) 1,346,741 1,682,585
Chanae 2010 to 2011 (%) 2.77% 0,00% 0.00% 2.77% 32.14% 9.16% 104.55% -25.56% 18.80% 8,72%
Page 2 of 2
City of Prior Lake Council Meeting 09.07.2010
2011 Preliminary Budget
Revenue Summary
2010 2011
2010 2011 $ Change % Change %of %of
General Fund Adopted Requested 10-11 10-11 Total Total
Taxes 8,482,856 8,428,405 (54,451) -0.64% 69.99% 69.62%
Licenses and permits 269,975 269,975 0 0.00% 2.23% 2.23%
Intergovernmental 1,327,667 1,310,678 (16,989) -1.28% 10.95% 10.83%
Charges for services 1,382,131 1,467,332 85,201 6.16% 11.40% 12.12%
Fines and forfeitures 182,000 150,000 (32,000) -17.58% 1.50% 1.24%
Interest on investments 90,000 90,000 0 0.00% 0.74% 0,74%
Other 60,917 55,000 (5,917) -9.71% 0.50% 0.45%
Transfers from other funds 325,000 335,000 10,000 3,08% 2.68% 2.77%
Total General Fund 12,120,546 12,106,390 (14,156) -0,12% 100.00% 100.00%
Debt Service Funds
Taxes 1,157,195 1,157,195 0.00% 0.00% 32,83%
Transfers from other funds 2,367,398 2,367,398 0.00% 0.00% 67.17%
Total Debt Service Funds 3,524,593 3,524,593 0.00% 0.00% 100.00%
Revolving Equipment Fund
'Taxes 270,000 270,000 0.00% 0.00% 72.97%
Transfers from other funds 100,000 100,000 0.00% 0.00% 27.03%
Total Revolvinq Equipment Fund 370,000 370,000 0,00% 0.00% 100.00%
Water Fund
Charges for services - water 2,702,938 2,702,938 0 0.00% 98.18% 98.18%
Interest on investments 50,000 50,000 0 0.00% 1.82% 1.82%
Total Water Fund 2,752,938 2,752,938 0 0.00% 100.00% 100.00%
,
Sewer Fund
Charges for services - sewer 1,916,250 1,916,250 0 0.00% 97.46% 97.46%
Interest on investments 50,000 50,000 0 0.00% 2.54% 2.54%
Total Sewer Fund 1,966,250 1,966,250 0 0.00% 100.00% 100.00%
Water Quality Fund
Charges for services - storm water 425,000 425,000 0 0.00% 100.00% 83.01%
Intergovernmental revenues 87,000 87,000 0.00% 0.00% 16.99%
Total Water Quality Fund 425,000 512,000 87,000 20.47% 100,00% 100.00%
Transit Fund
Charges for services - transit revenue 534,661 660,886 126,225 23.61% 100.00% 100.00%
Total Transit Fund 534,661 660,886 126,225 23,61% 100,00% 100.00%1
GRAND TOTAL 17,799,395 21,893,057 4,093,662 23.00%
Page 1 of 1
City of Prior Lake Council Meeting 09.07.2010
2011 Preliminary Budget
FundlDepartment Expense Summary
2010 2011
2010 2011 $ Change % Change % of % of
General Fund Adopted Proposed 10-11 10 -11 Subtotal Subtotal
41110 Mayor & Council 65,453 67,365 1,912 2.92% 0.54% 0.54%
41130 Ordinance 7,000 7,000 0 0.00% 0.06% 0,06%
41320 Administration 351,576 400,463 48,887 13,91% 2,90% 3,21%
41330 Boards & Commissions 12,474 13,449 976 7,82% 0,10% 0,11%
41410 Elections 7,167 (7,167) -100,00% 0,06% 0.00%
41520 Finance 300,327 309,379 9,052 3,01% 2.48% 2.48%
41540 Internal Auditing 28,200 28,200 0 0,00% 0.23% 0,23%
41500 Assessing 108,200 118,800 10,600 9.80% 0.89% 0.95%
41610 Legal 385,000 385,000 0 0,00% 3,18% 3,09%
41820 Personnel 131,540 145,674 14,134 10.75% 1,09% 1.17%
41830 Communications 107,382 113,076 5,695 5.30% 0.89% 0.91%
41910 Community Dev/Natural Resources 252,563 276,166 23,603 9,35% 2,08% 2,22%
41920 Technology 146,597 155,340 8,743 5.96% 121% 125%
41940 BUildings & Plant 439,126 436,206 (2,920) -0,66% 3,62% 3,50%
42100 Police 3,072,315 3,139,642 67,327 2.19% 25.35% 25.21%
42200 Fire 862,159 864,725 2,566 0,30% 7.11% 6.94%
42400 Building Inspection 363,796 390,345 26,549 7,30% 3,00% 3,13%
42500 Emergency Management 7,500 7,500 0 0.00% 0.06% 0.06%
42700 Animal Control 35,844 25,650 (10,194) -28.44% 0,30% 0.21%
43050 Engineering 375,022 418,928 43,906 11,71% 3,09% 3,36%
43100 Street 1,032,659 1,060,003 27,344 2.65% 8,52% 8,51%
43400 Central Garage 329,994 348,030 18,037 5.47% 2.72% 279%
45100 Recreation 403,502 402,792 (709) -0.18% 3.33% 3.23%
45200 Parks 1,310,084 1,337,029 26,945 2,06% 10.81% 10.73%
45500 Libraries 91,067 91,067 0 0.00% 0,75% 073%
46500 Economic Development 44,401 150,996 106,595 240,07% 0,37% 1,21%
47000 Debt Service 1,680,600 1,713,565 32,965 1.96% 13.87% 13.76%
49999 Contingency 69,000 (69,000) -100,00% 0,57% 0,00%
49303 Transfers 100,000 50,000 (50,000\ -50,00% 0.83% 0.40%
Total General Fund 12,120,546 12,456,390 335,844 2,77% 10000% 10000%
Debt Service Funds
I 47000 Debt 4,278,001 4,278,001 0,00% 0.00% 100.00%
I Total Debt Service Funds 4,278,001 4,278,001 0.00% 0,00% 100,00%
,
Revolving Equipment Fund
Police 90,000 90,000 0,00% 0,00% 12,97%
Fire 73,500 73,500 0.00% 0.00% 10,59%
Public Works 530,256 530,256 0.00% 0.00% 76.43%
Total RevolvinQ EQuipment Fund 693,756 693,756 0,00% 0.00% 100.00%
Water Fund
41520 Finance 123,870 132,186 8,316 6.71% 4.28% 3.46%
49400 Water 2,013,522 2,913,229 899,708 44,68% 69.58% 76,18%
49303 Transfers 756,393 778,511 22,118 2.92% 26,14% 20,36%
Total Water Fund 2,893,785 3,823,926 930,142 32.14% 100.00% 100.00%
Sewer Fund
41520 Finance 0 0,00% 0.00% 0.00%
49003 Lift Station Upgrade 0 0.00% 0.00% 0.00%
49005 CIPP Pipe Slip Lining 150,000 (150,000) -100,00% 5,59% 0,00%
49450 Sewer 2,234,546 2,618,269 383,722 17.17% 83,29% 89.40%
49303 Transfers 298,404 310,322 11,918 0.00% 11,12% 10.60%
Total Sewer Fund 2,682,950 2,928,591 245,640 916% 100.00% 100,00%
Water Quality Fund 100.00%1
I 49420 Water Quality 443,367 906,906 463,539 104.55% 100.00%
I Total Water Quality Fund 443,367 906,906 463,539 104.55% 100.00% 100,00O/J
Transit Fund
49804 Transit Services 1,144,473 851,893 (292,581) -25.56% 100.00% 100,00%
Total Transit Fund 1,144,473 851,893 (292,581 ) -25,56% 100.00% 100,00%
GRAND TOTAL 19,285.120 25,939,463 6,654.342 34.51%
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