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HomeMy WebLinkAbout11 06 2017 2018 Budget Report 4646 Dakota Street SE Prior Lake, MN 55372 CITY COUNCIL WORKSHOP AGENDA REPORT MEETING DATE: NOVEMBER 06, 2017 AGENDA ITEM: # 1 PRE- PARED BY: CATHY ERICKSON, FINANCE DIRECTOR JASON ETTER, ACCOUNTING MANAGER TOPIC: 2018 BUDGET/TAX LEVY DISCUSSION DISCUS- SION: Introduction The purpose of this workshop is to discuss the proposed 2018 budget with the Council which will be the subject of the December 4 truth in taxation hearing. The purpose of tonight’s work session is to refamiliarize you with the budget and apprise you of steps we have taken since September when the Council adopted the maximum tax levy and preliminary 2018 budgets. History Earlier in 2017, the City Council approved the annual budget schedule/calendar. Pur- suant to that calendar, on August 21, 2017, the Council held a workshop to discuss the preliminary 2018 budget and tax levy. A preliminary 2018 budget and property tax levy were prepared and presented at the September 18, 2017 council meeting, and adopted. The budget schedule calls for the City Council to review the proposed 2018 budget this evening. A public hearing and the final budget adoption are scheduled for December 4, 2017. A copy of the September 18 agenda report (w/o attachments) is included for your ref- erence. The Council adopted preliminary 2018 budgets in the amount of $33,585,534 and a preliminary 2018 tax levy of $12,111,574 as shown in the table below: 2 Current Circumstances Since September, Staff has reviewed the approved preliminary budget and funding sources and has refined them as follows (detail shown on Exhibit “A”): Revenue: • State Aid - $16,000 add. The city will not be notified of the 2018 state aid amount until October 2018. Based on 2017 Police and Fire state aid re- ceived in October, staff increased the 2018 state aid estimate equal to the 2017 state aid amount received. • SW Drug Taskforce operating grant - $36,000 add. The governing Board of Directors for the SW Metro Drug Taskforce has approved reimbursement of $3,000/month for members that have a drug taskforce officer. Since Prior Lake now provides an officer, annual revenue of $36,000 has been added to the 2018 budget for this reimbursement. Expenditures: Fuel Budget Unleaded gas and diesel prices have seen variations in prices. Based on 2017 YTD costs, current fuel prices and planned fuel use (gallons), staff is recommending a re- duction in the 2018 fuel budget of ~$53,000. (No adjustment is proposed to the 2017 budget for potential fuel savings to ensure we have funds for any extreme weather conditions which we may experience.) Health and Dental Insurance Health and Dental Insurance -The approved preliminary budget planned for a 20% increase in health insurance premiums. The final increase came in at 12%. The dental plan premium increase is modest and within the preliminary budget planned for 2018. Staffing Each year the Personnel Plan is presented to the council for consideration. The ap- proved preliminary budget included 1) a drug taskforce officer, 2) a police officer, starting 1/1 and a maintenance working starting 7/1. Change 17 - 18 Property Taxes 2017 2018 Amount Percent Levy - Tax Capacity General Fund - Operating 7,192,793$ 7,863,218$ 670,425$ 9.32% Debt Service Funds 2,628,937 3,142,620 513,683 19.54% Revolving Equipment Fund 375,000 500,000 125,000 33.33% Revolving Park Equipment Fund 213,406 238,184 24,778 11.61% Facilities Management Fund - - - n/a 10,410,136$ 11,744,022$ 1,333,886$ 12.81% Levy - Market Value - General Fund 1,018,019 227,552 (790,467) -77.65% Levy - Economic Dev Authority 140,000 140,000 - 0.00% Total Levy 11,568,155$ 12,111,574$ 543,419$ 4.70% 3 Based on the additional revenue sources of $52,000 noted above, staff has included the following staff changes in the budget for the council’s consideration: Maintenance worker January 1 start The city’s long-range personnel plan included a Public Works maintenance worker to maintain existing streets and parks. All Maintenance V workers participate in win- ter snow removal for streets and parks. A 1/1 start date (instead of 7/1) would pro- vide an additional worker to assist with the city snow removal on trails and sidewalks and other winter maintenance activities. Police PT CSO add • With the addition of $36,000 in revenue from the SW Drug Taskforce, the city would like to add a PT CSO. The CSO position is a much-needed position, and one that was cut from the budget several years ago. The property and evidence room management is a primary responsibility of this posi- tion. Proper handling of evidence and recovered property is vital to running a police department, and an area that was neglected due to staffing constraints in the past. This position also will support community outreach and engagement initia- tives from an organizing, scheduling, and information sharing perspective. Revolving Equipment Fund - Reestablish the 2018 tax levy in accordance with the CIP long range plan The long range revolving equipment plan (CIP) included a 2018 tax levy increase of $175,000. To reduce the preliminary 2018 tax levy increase, $50,000 was cut from the 2018 preliminary budget. Each year these funds are reduced as a tax levy strat- egy. The budget presented tonight has added back the $50,000 for the equipment levy. Revolving Park Fund – Utilize one-time revenue as funding source The long range revolving park plan (CIP) included a 2018 tax levy increase of $124,778. To reduce the preliminary 2018 tax levy increase, $130,000 was cut from the 2018 preliminary budgets. The 2017 budget for Parks was also reduced by $100,000. Each year these Staff has identified a “one-time” source of funds that could be used to replace the funding for the revolving parks fund With the development of the Shepard/Bolger property, the city received payment of special assessments that were deferred until the sale of the property. This has re- sulted in a surplus in the debt service fund of $381,000, since the debt associated with the project has been paid. Minnesota State Statute 475.61, subd (4a) provides that any surplus remaining in a debt service fund when the obl igations and interest thereon are paid may be appropriated to any other general purpose by the municipality . 4 Staff recommends that one -time revenue be used for one -time expenditures such as equipment, trail replacement, or street projects. Staff does n ot recom- mend artificially lowering the levy with one -time revenue, as there is no ongo- ing revenue source to offset the levy reduction. Council approved a portion of the funds received to lower the cost of the Roll- ing Oaks project ($185,000). Staff reco mmends that the remaining $195,000 be used for park trail replacement. The cost to replace trails is approximately $20/foot. A mile of trail is 5,280 ft. so replacement would cost $105,600. The trail that needs to be replaced along Wilds Parkway is ap proximately one mile in length. We also have a trail in Fairway Heights that is just as bad as Wilds Parkway and is approximately ½ mile in length. We have approximately 80 miles of trails so at a rate of re- placing 1 mile per year it will take us 80 year s to replace all our existing trails which is insufficient . The funds would help the city work toward funding their trail replacement plan. In addition to trail replacement, funding is needed for 1) annual trail sealcoating to extend useful life ($120k) and 2) the construction of new trails to fill our trail gaps as defined in the recent trail gap study. Staff will work to address the funding for these items in our long-range planning. The revenue and expenditure changes noted above have been incorporated into Ex- hibit “B” which is the overview of all budgeted funds (governmental and enterprise). The second page of Exhibit “B” includes the following: • Property tax comparisons; • Expenditure comparisons; • All funds expenditure comparison with the 2017 original and amended budg- ets; • General Fund expenditure comparison with the 2017 original and amended budgets; Exhibit “C” provides a summary of the 2018 proposed revenues and expenditures from the 2016 actual, the 2017 original, and the 2017 amended budgets. The tax levy provides services to our growing community while properly retiring debt and continuing our infrastructure improvement efforts. The Staff proposed tax levy is 4.40% greater than 2017. This is lower than the preliminary levy amount the Council approved at the September 18, 2017 council meeting. The proposed staff and equipment additions are in-line with the recent community survey results. 96% of respondents said the quality of life in Prior Lake is excellent or good, with public safety identified as the most important aspect for this measure. 60% of respondents support a tax increase to hire more police officers. As for city services other than public safety, 96% of respondents said street repair and mainte- nance and 97% said snow removal are essential or very important city services. 5 One of the key metrics the City Council considers during the budget process is to “Maintain a level of property taxes on a per household basis which considers the cost of inflation and community growth.” Earlier in the 2018 budget process, staff antici- pated that community growth plus the cost of inflation for 2018 at 4.3%. With the planned addition of the Lake Ridge apartments in 2017, the average combined house- hold growth and inflation is estimated at 5.4% for 2018. Staff wants to remind the council that our levy request is below this metric, and raises the concern that service delivery may be impacted due to ongoing equipment and staffing constraints. IMPACT ON GENERAL FUND RESERVES 2017 Planned Use of Reserves Staff has looked at preliminary financial projections for year-end 2017. Currently, the Council has approved the planned use of general fund reserves of $449,000. There are two “one-time” technology expenditures that staff has proposed to fund from general fund reserves to minimize the tax levy increase. They are the La- serfiche and Cartegraph (Public Works asset management) software upgrades. The Laserfiche upgrade would be funded from 2017 GF reserves. The approved 2018 preliminary budget includes $18,990 for the Cartegraph upgrade to be funded from GF reserves. Since these are one-time expenditure, staff is comfortable utilizing general fund re- serves. However, our long-range plan will need to include ongoing funding for soft- ware upgrades and replacements. If there are currently no additional planned uses of reserves for the remainder of the year, fund balance as a percent of the proposed 2018 budget would equal about 48%. LONG-TERM PLANS The City Council and Staff have been proponents of long-term strategic planning and funding for the maintenance and replacement of assets including infrastructure, facilities, vehicles, equipment, etc. Separate funds have been established for vehi- cles/equipment, facilities, and parks due to the fluctuations in the associated ex- penditures. The City Council and Staff have incrementally increased the funding in each of these funds to try to get it to a level that is consistent with the long-term needs. As it relates to the 2018 budget year, it is time to execute the long-range plan. The 2018 budget includes the following large purchases that have been identi- fied in the long-range CIP plans. Information regarding 1) any vehicle adds and 2) replacement purchases greater than $100,000 are detailed below. Vehicles/Equipment: • Police- New Squad car: An additional squad car is needed for the proposed police officer add in 2018. • Fire – Engine 9220: This vehicle will be 25 years old in 2018. It appears that it was not spec’d correctly 26 years ago, as the body is too heavy for the chassis that it’s built on. It is overweight for its rating. It has needed new 6 brakes, new rear-end, pumps, seals, etc. The pump hours are well over the hours recommended. It has 50,000 miles on it, but they are hard miles that are typically driven at 70 miles/hour. The truck is serviceable, but expen- sive to fix. Cumulative report costs are $68,000. The older the truck gets, the more expensive it is to repair as parts are hard to come by which also causes significant delays in repair. • Parks: 5 Ton Dump Truck: The current truck is 16 years old, and the ex- pected life span was 12 years. Life to date repair costs are $62,000. The maker of this trunk is Sterling which no longer makes these types of trucks so parts are very difficult to locate. This truck is a critical part of our snow re- moval operations during the winter. Facilities: • Fire Station #1 SCBA Packs & Fill Station: The current SCBA units were pur- chased in 2003. 45 air bottles will reach their 15-year lifecycle and need re- placement in 2018 (DOT Regulation). The Air Pack systems will not meet new NFPA guidelines in 2018. All existing air packs in need of repair will have to be retrofitted to remain compliant as repair companies will be man- dated to bring them up to standard. The cost of a retro-fit is more expensive then replacement. • Fire Station #1 Parking Lot & Sidewalk: When Fire Station #1 was built they did not correct the existing soils to the level needed before installing the parking lot and sidewalks. As a result, the pavement is experiencing signifi- cant rutting from the fire trucks entering and exiting the facility. In addition, most of the sidewalks around the building have settled 2”-5” causing tripping hazards and safety concerns to the employees and public that use the build- ing. To correct these items is very expensive due to the cost associated with completely removing the existing pavement and sidewalks, removing the un- stable soils beneath, hauling in several feet of sand, and then pouring new sidewalks and repaving the entire parking lot. When we get into the design we will have soil borings completed and we will do a thorough analysis to try to reduce costs where feasible. ENTERPRISE FUNDS Included on Exhibit B are budget summaries of the three enterprise funds that the City operates. Enterprise funds are used to account for “business-type activities” which include those primarily funded through user charges. Like most cities, these funds are Water, Sewer, and Water Quality. Water Rates, City Portion of Sewer Rate, and Storm Water Charge increases are based on Staff recommendations made in conjunction with the approval of the Capi- tal Improvement Program (2017-2021). These rates are charged each billing cycle and intended to reimburse the City for operating costs for each utility and a portion of the capital costs. At the workshop on August 21 and September 5, Staff pre- sented rate increases and debt issuance necessary to fund operations as well as capital projects identified in the Capital Improvements Plan. For example, in the ap- proved Transportation Plan, there are $4.1 million of water projects, $2.4 million of sewer projects, and $1.4 million of water quality projects planned over the next five 7 years. These projects are currently proposed to be funded out of fund balance. To do this, annual rate increases and/or the issuance of debt is necessary. Staff is proposing to issue debt for the utility work for the 2018 Franklin Area im- provement projects and fund the remainder of the capital utility improvements out of fund balance. To continue operations and maintenance of the systems, fund utili- ties associated with street projects, and maintain the appropriate fund balance level, fees increases are recommended on an annual basis. Met Council Portion of Sewer Rate (MCES) The Metropolitan Council adopted a Metropolitan Wastewater Charge for 2018 of $219.7 million. This is an increase of 3.7% from the 2017 budget of $211.9 million. Prior Lake’s portion of the 2018 Metropolitan Wastewater Charge is $1,440,332. It is the City’s intent that the charges incurred from the MCES be considered a pass- through cost and that the residents pay the actual cost of receiving the service. For 2018 the recommended rate is $2.70, an increase of $0.13. Staff’s recommendation for each fund follows: Fee Description 2017 Amount Proposed 2018 Amount Utility Billing: Water Rate – First 25,000 gallons $4.53/1,000 gallons $4.67/1,000 gallons Water Rate – Over 25,000 gallons $6.25/1,000 gallons $6.44/1,000 gallons Storm Water Charge $13.93 (residential) $41.79/acre $14.34 (residential) $43.02/acre Met Council Sewer Rate (MCES) $2.57/1,000 gallons $2.70/1,000 gallons Sewer Rate – City $2.69/1,000 gallons $2.94/1,000 gallons Conclusion Bottom line, the following general points can be made about the 2018 proposed budget and tax levy: ➢ Proposed total tax levy increase is $509,383 or 4.4% • This is less than the levy proposed in September; ➢ Proposed 2018 total budget is $33,533,514 • 6.57% increase from the 2017 originally adopted budget; ➢ Proposed 2018 General Fund budget is $12,767,768. • -2.32% decrease from 2017 original adopted budget; ➢ Total planned add to reserves is $94,941; ➢ General Fund planned use of reserves totals $18,990. ➢ Despite the tax levy increase of 4.40%, the majority of property owners will see a REDUCTION in the market value tax portion of the city property tax since the 2005 Parks & Library Referendum was fully paid in 2017. 8 To prepare the final 2018 budgets and property tax levies, Staff is seeking direction from the Council on: 1. Is there additional information you need to consider the 2018 budgets on De- cember 4? The Public Budget Meeting and adoption of the final 2018 budgets and property tax levies is scheduled for Monday, December 4 at 7:00 pm. Also, scheduled for De- cember 4 is the public hearing to discuss the amendment of the Official Fee Sched- ule ordinance. FINANCIAL IMPACT: The impact on the tax levies and reserve balances were previously mentioned in this report. Fee Schedule Revisions Staff is proposing several changes to the fees listed in the Fee Schedule. A new fee is a daily admission fee for parking at Sand Point Beach. The daily admission fee is projected to generate about $20,000 and would be used to help offset the cost of our seasonal park patrol ($10,000). Fee increases of $5.00/fee are proposed for building permits and other permits/fees to help offset the technology costs we incur for annual service contracts and new technology. The fee increases would result in about $12,000 of new revenue. About $8,000 would be new building permit revenue and about $4,000 would be for all other permits/fees combined. If approved, the to- tal increased revenues would amount to about $32,000 Other fee revisions of 10% (as outlined in the 2017-2021 CIP) are included for trunk and connection charges for a third year to make up for increased inflationary costs which have not been reflected in our development fees. These fees are commonly adjusted on an annual basis. As noted above, modest rate increases are also proposed for the Water, Sewer and Storm Water. The city has received police funding assistance each year from the SMSC. The cur- rent agreement is in its last year. We are hopeful for an increase for the next two years. We should know the amount soon. In the meantime, the preliminary 2018 budget reflects the present $440,000 gift ATTACH- MENTS: 1) September 18 Council Agenda Report – 2018 Preliminary Budget and Tax Levy; 2) Exhibit “A” – Summary of Budget Changes 3) Exhibit “B” – Budget Overview 4) Exhibit “C” – Revenue and Expenditure Summaries Council Workshop 11.06.207 Summary of General Fund Budget Changes DESCRIPTION 2018 PRELIMINARY BUDGET 2018 PROPOSED BUDGET F101 CHANGE INCREASE/(DECREASE) Fund 101 - GENERAL FUND REVENUES: Taxes 8,090,770 8,006,734 (84,036) 1) Reduction in proposed tax levy Charges for Services 1,702,315 1,702,315 - Intergovernmental 1,623,986 1,675,986 52,000 1) $36k from SW Drug Taskforce, 2) $16k for Police & Fire State Aid Miscellaneous Revenues 312,945 312,945 - Transfers in 443,000 443,000 - Licenses and Permits 607,798 607,798 - TOTAL REVENUES 12,780,814 12,748,778 (32,036) DEPARTMENT DESCRIPTION 2018 PRELIMINARY BUDGET 2018 PROPOSED BUDGET CHANGE Fund 101 - GENERAL FUND EXPENDITURES: 41110.00 MAYOR & COUNCIL 58,196 58,196 - 41130.00 ORDINANCE 7,500 7,500 - 41320.00 ADMINISTRATION 427,088 428,305 1,217 41330.00 BOARDS & COMMISSIONS 10,689 10,689 - 41410.00 ELECTIONS 23,984 23,984 41520.00 FINANCE 464,403 464,052 (351) 41540.00 INTERNAL AUDITING 30,700 30,700 - 41550.00 ASSESSING 194,700 194,700 - 41610.00 LEGAL 212,000 212,000 - 41820.00 HUMAN RESOURCES 185,462 184,443 (1,019) 41830.00 COMMUNICATIONS 125,736 124,717 (1,019) 41910.00 COMMUNITY DEVELOPMENT 330,144 326,475 (3,669) 41920.00 INFORMATION TECHNOLOGY 318,146 317,145 (1,001) 41940.00 FACILITIES - CITY HALL 462,107 461,287 (820) 42100.00 POLICE 4,179,824 4,172,825 (6,999) 1) PT CSO add - $32k , 2) benefit budget reduction - $28k, 3) fuel reduction - $10k 42200.00 FIRE 933,051 929,460 (3,591) 1) Fuel reduction 42400.00 BUILDING INSPECTION 602,412 593,926 (8,486) 1) benefit budget reduction 42500.00 EMERGENCY MANAGEMENT 10,830 10,830 - 42700.00 ANIMAL CONTROL 26,448 26,448 - 43050.00 ENGINEERING 466,854 466,739 (115) 43100.00 STREET 1,194,115 1,175,385 (18,730) 1) Fuel reduction 43400.00 CENTRAL GARAGE 421,534 421,679 145 45100.00 RECREATION 429,329 427,696 (1,633) 45200.00 PARKS 1,393,446 1,407,937 14,491 1) Start new maint worker at 1/1 instead of 7/1 add 39k, 2) Fuel reduction - $20k 45500.00 LIBRARIES 63,554 63,098 (456) 80000.00 Transfers to other Funds 227,552 227,552 - 12,799,804 12,767,768 (32,036) F101 Revenue Increases 52,000 F101 Expenditure Increase/(Decrease)(32,036) F101 Reduction in Proposed Tax Levy 84,036 Fund 101 City of Prior Lake Council Workshop 11..06.2017 Exhibit A BUDGET REPORT FOR CITY OF PRIOR LAKE Summary of Budget Changes City of Prior Lake Council Workshop 11.6.2017 2018 Preliminary Budget Exhibit B Budgeted Funds Debt Capital Revolving Revolving Park Permanent Facilities Total Total General Service Cable Park Equipment Equipment Improvement Management EDA Governmental Water Sewer Water Quality Enterprise Budgeted Fund Funds Fund Fund Fund Fund Revolving Fund Fund Funds Fund Fund Fund Funds Funds Revenues / Sources Property Taxes Levy - Tax Capacity 7,779,182$ 3,142,620$ -$ -$ 550,000$ 238,184$ -$ 140,000$ 11,849,986$ -$ -$ -$ -$ 11,849,986$ Levy - Market Value 227,552 - - - - - - 227,552 - - - - 227,552 Special Assessments - 586,355 - - - 83,314 - - 669,669 - - - - 669,669 Licenses & Permits 607,798 - - - - - - 607,798 - - - - 607,798 Fines & Forfeits - - - - - - - - - - - - - Intergovernmental 1,675,986 - - - 30,000 - - 1,705,986 - - - - 1,705,986 Charges for Services 1,702,315 - 32,000 429,000 - - 7,820 2,171,135 4,075,174 3,453,940 916,326 8,445,440 10,616,575 Other Revenues 312,945 30,491 - 17,000 18,000 4,700 1,538 5,400 2,700 392,774 35,900 18,500 12,000 66,400 459,174 Bond Proceeds - - - - 665,000 600,000 620,000 - 1,885,000 1,180,000 1,400,000 .2,580,000 4,465,000 Lease Proceeds - - - - - - - - - - Transfers From Other Funds General Fund - 227,552 - - - - - 227,552 - - - - 227,552 Water Fund 190,500 537,304 - - 70,000 47,741 - 845,545 - - - - 845,545 Sewer Fund 190,500 - - - 70,000 10,609 - 271,109 - - - - 271,109 Water Quality Fund 62,000 - - - 15,000 - - 77,000 - - - - 77,000 Trunk Reserve Fund - 1,500,000 1,500,000 1,500,000 TIF Fund - 30,135 - - - - - 30,135 - - - - 30,135 PIR Fund 75,374 75,374 75,374 Facilities Management Fund - - - - - - - - - - - - - Capital Park Fund - - Total Revenues / Sources 12,748,778$ 4,629,831$ 32,000$ 446,000$ 1,418,000$ 242,884$ 684,852$ 683,750$ 150,520$ 21,036,615$ 6,791,074$ 4,872,440$ 928,326$ 12,591,840$ 33,628,455$ Expenditures / Uses Employee Services 8,911,150$ -$ -$ -$ -$ -$ -$ 117,453$ 9,028,603$ 733,601$ 708,902$ 285,965$ 1,728,468$ 10,757,071$ Current Expenditures 3,584,616 - - 3,700 - - 650,000 - 36,144 4,274,460 1,320,898 1,851,659 246,099 3,418,656 7,693,116 Capital Outlay 44,450 - 80,000 - 1,394,027 238,184 - 1,756,661 106,090 81,297 110,000 297,387 2,054,048 Capital Improvements - - - - - - 873,704 - 873,704 3,653,390 1,830,000 279,605 5,762,995 6,636,699 Subtotal 12,540,216$ -$ 80,000$ 3,700$ 1,394,027$ 238,184$ 650,000$ 873,704$ 153,597$ 15,933,428$ 5,813,979$ 4,471,858$ 921,669$ 11,207,506$ 27,140,934$ Transfers To Other Funds General Fund -$ -$ -$ -$ -$ -$ -$ -$ 190,500$ 190,500$ 62,000$ 443,000$ 443,000$ Treatment Plant (Debt)- - - - - - - - 537,304 - - 537,304 537,304 Equipment Fund - - - - - - - - 70,000 70,000 15,000 155,000 155,000 Park Equipment Fund - - - - - - - - - - - - - Debt Service Funds 227,552 - - - - 75,374 - - 302,926 - - - - 302,926 PIR Fund - - Facilities Management Fund - - - - - - - - 47,741 10,609 - 58,350 58,350 EDA Fund - - - - - - - - - - - - - Contingency - - - - - - - - - - - - - Debt Service 4,896,000 - - - - - 4,896,000 - - - - 4,896,000 Subtotal 227,552$ 4,896,000$ -$ -$ -$ -$ 75,374$ -$ -$ 5,198,926$ 845,545$ 271,109$ 77,000$ 1,193,654$ 6,392,580$ Total Expenditures / Uses 12,767,768$ 4,896,000$ 80,000$ 3,700$ 1,394,027$ 238,184$ 725,374$ 873,704$ 153,597$ 21,132,354$ 6,659,524$ 4,742,967$ 998,669$ 12,401,160$ 33,533,514$ Change in Fund Balance (18,990)$ (266,169)$ (48,000)$ 442,300$ 23,973$ 4,700$ (40,522)$ (189,954)$ (3,077)$ (95,739)$ 131,550$ 129,473$ (70,343)$ 190,680$ 94,941$ 1 of 2 2018 Property Tax Levy Comparison Council Workshop 11.6.2017 Exhibit B Change 17 - 18 Property Taxes 2017 2018 Amount Percent Levy - Tax Capacity General Fund - Operating 7,192,793$ 7,779,182$ 586,389$ 8.15% Debt Service Funds 2,628,937 3,142,620 513,683 19.54% Revolving Equipment Fund 375,000 550,000 175,000 46.67% Revolving Park Equipment Fund 213,406 238,184 24,778 11.61% Facilities Management Fund - - - n/a 10,410,136$ 11,709,986$ 1,299,850$ 12.49% Levy - Market Value - General Fund 1,018,019 227,552 (790,467) -77.65% Levy - Economic Dev Authority 140,000 140,000 - 0.00% Total Levy 11,568,155$ 12,077,538$ 509,383$ 4.40% 2018 Budget Expenditure Comparisons (2017 Original Budgets) Capital Revolving Revolving Park Permanent Facilities Total Total General Debt Service Cable Park Equipment Equipment Improvement Management EDA Governmental Water Sewer Water Quality Enterprise Budgeted Fund Funds Fund Fund Fund Fund Revolving Fund Fund Funds Fund Fund Fund Funds Funds 2018 Total Expenditures / Uses 12,767,768$ 4,896,000$ 80,000$ 3,700$ 1,394,027$ 238,184$ 725,374$ 873,704$ 153,597$ 21,132,354$ 6,659,524$ 4,742,967$ 998,669$ 12,401,160$ 33,533,514$ 2017 Total Expenditures / Uses 13,070,878$ 5,019,318$ 11,250$ -$ 872,704$ 223,406$ -$ 232,140$ 160,825$ 19,590,521$ 6,025,897$ 4,461,398$ 1,388,206$ 11,875,501$ 31,466,022$ Change 2017 to 2018 ($)(303,110)$ (123,318)$ 68,750$ 3,700$ 521,323$ 14,778$ 725,374$ 641,564$ (7,228)$ 1,541,833$ 633,627$ 281,569$ (389,537)$ 525,659$ 2,067,492$ Change 2017 to 2018 (%)-2.32%-2.46%611.11%n/a 59.74%6.61%n/a 276.37%-4.49%7.87%10.52%6.31%-28.06%4.43%6.57% 2018 Budget Expenditure Comparisons (2017 Amended Budgets) Capital Revolving Revolving Park Permanent Facilities Total Total General Debt Service Cable Park Equipment Equipment Improvement Management EDA Governmental Water Sewer Water Quality Enterprise Budgeted Fund Funds Fund Fund Fund Fund Revolving Fund Fund Funds Fund Fund Fund Funds Funds 2018 Total Expenditures / Uses 12,767,768$ 4,896,000$ 80,000$ 3,700$ 1,394,027$ 238,184$ 725,374$ 873,704$ 153,597$ 21,132,354$ 6,659,524$ 4,742,967$ 998,669$ 12,401,160$ 33,533,514$ 2017 Total Expenditures / Uses 12,869,668$ 5,019,494$ 11,250$ -$ 872,704$ 308,736$ -$ 852,140$ 160,825$ 20,094,817$ 6,043,932$ 4,479,433$ 1,388,206$ 11,911,571$ 32,006,388$ Change 2017 to 2018 ($)(101,900)$ (123,494)$ 68,750$ 3,700$ 521,323$ (70,552)$ 725,374$ 21,564$ (7,228)$ 1,037,537$ 615,592$ 263,534$ (389,537)$ 489,589$ 1,527,126$ Change 2017 to 2018 (%)-0.79%-2.46%611.11%n/a 59.74%n/a n/a 2.53%-4.49%5.16%10.19%5.88%-28.06%4.11%4.77% 2 of 2 11 / 6 / 2 0 1 7 - E x h i b i t C 20 1 6 20 1 7 20 1 7 20 1 8 20 1 8 2018 BU D G E T AC T I V I T Y OR I G I N A L AM E N D E D PR O P O S E D PR O P O S E D PROPOSED CL A S S I F I C A T I O N BU D G E T BU D G E T BU D G E T AM T C H A N G E % CHANGE Fu n d 1 0 1 - G E N E R A L F U N D Ta x e s 8, 2 7 1 , 1 8 3 8, 2 1 0 , 8 1 2 8, 2 1 0 , 8 1 2 8, 0 0 6 , 7 3 4 (2 0 4 , 0 7 8 ) (2.49) Ch a r g e s f o r S e r v i c e s 1, 7 1 4 , 6 0 5 1, 7 7 6 , 3 1 1 1, 7 7 6 , 3 1 1 1, 7 0 2 , 3 1 5 (7 3 , 9 9 6 ) (4.17) Li c e n s e s a n d P e r m i t s 75 1 , 8 2 4 58 3 , 2 2 0 58 3 , 2 2 0 60 7 , 7 9 8 24 , 5 7 8 4.21 In t e r g o v e r n m e n t a l 1, 5 8 1 , 7 5 2 1, 5 4 2 , 7 3 5 1, 5 4 2 , 7 3 5 1, 6 7 5 , 9 8 6 13 3 , 2 5 1 8.64 Fi n e s a n d F o r f e i t u r e s 4, 7 4 3 Mi s c e l l a n e o u s R e v e n u e s 26 0 , 1 2 4 17 7 , 8 0 0 17 7 , 8 0 0 31 2 , 9 4 5 13 5 , 1 4 5 76.01 Sa l e o f a s s e t s 10 , 1 2 9 Tr a n s f e r s i n 36 2 , 6 4 0 43 0 , 0 0 0 43 0 , 0 0 0 44 3 , 0 0 0 13 , 0 0 0 3.02 De b t I s s u e d 30 0 , 0 0 0 TO T A L R E V E N U E S - F U N D 1 0 1 12 , 9 5 7 , 0 0 0 13 , 0 2 0 , 8 7 8 12 , 7 2 0 , 8 7 8 12 , 7 4 8 , 7 7 8 27 , 9 0 0 0.22 DE B T S E R V I C E F U N D S Ta x e s 2, 3 5 0 , 5 3 8 2, 6 2 8 , 9 3 7 2, 6 2 8 , 9 3 7 3, 1 4 2 , 6 2 0 51 3 , 6 8 3 19.54 Sp e c i a l A s s e s s m e n t s 83 2 , 7 6 2 45 7 , 5 1 7 45 7 , 5 1 7 58 6 , 3 5 5 12 8 , 8 3 8 28.16 In t e r e s t ( l o s s e s ) o n i n v e s t m e n t s 10 5 , 5 4 1 40 , 1 1 7 40 , 1 1 7 30 , 4 9 1 (9 , 6 2 6 ) (23.99) Mi s c e l l a n e o u s R e v e n u e s 4, 0 5 3 Tr a n s f e r s i n 1, 9 4 6 , 3 0 9 1, 6 1 3 , 6 3 5 1, 6 1 3 , 6 3 5 87 0 , 3 6 5 (7 4 3 , 2 7 0 ) (46.06) De b t I s s u e d 1, 6 5 6 , 0 8 5 TO T A L R E V E N U E S - D E B T S E R V I C E F U N D S 6, 8 9 5 , 2 8 8 4, 7 4 0 , 2 0 6 4, 7 4 0 , 2 0 6 4, 6 2 9 , 8 3 1 (1 1 0 , 3 7 5 ) (2.33) Fu n d 2 1 0 - C A B L E F R A N C H I S E F U N D Ch a r g e s f o r S e r v i c e s 51 , 0 5 0 37 , 1 3 3 37 , 1 3 3 32 , 0 0 0 (5 , 1 3 3 ) (13.82) TO T A L R E V E N U E S - F U N D 2 1 0 51 , 0 5 0 37 , 1 3 3 37 , 1 3 3 32 , 0 0 0 (5 , 1 3 3 ) (13.82) Fu n d 2 2 5 - C A P I T A L P A R K F U N D Ch a r g e s f o r S e r v i c e s 81 4 , 1 0 0 42 9 , 0 0 0 42 9 , 0 0 0 42 9 , 0 0 0 Mi s c e l l a n e o u s R e v e n u e s 14 , 6 5 4 9, 0 0 0 9, 0 0 0 17 , 0 0 0 8, 0 0 0 88.89 TO T A L R E V E N U E S - F U N D 2 2 5 82 8 , 7 5 4 43 8 , 0 0 0 43 8 , 0 0 0 44 6 , 0 0 0 8, 0 0 0 1.83 Fu n d 2 4 0 - E D A S P E C I A L R E V E N U E F U N D Ta x e s 15 5 , 0 6 9 14 0 , 0 0 0 14 0 , 0 0 0 14 0 , 0 0 0 Ch a r g e s f o r S e r v i c e s 6, 3 4 0 8, 5 0 0 8, 5 0 0 7, 8 2 0 (6 8 0 ) (8.00) In t e r g o v e r n m e n t a l 7, 2 7 8 Mi s c e l l a n e o u s R e v e n u e s 1, 8 9 8 2, 5 0 0 2, 5 0 0 2, 7 0 0 20 0 8.00 TO T A L R E V E N U E S - F U N D 2 4 0 17 0 , 5 8 5 15 1 , 0 0 0 15 1 , 0 0 0 15 0 , 5 2 0 (4 8 0 ) (0.32) BU D G E T R E P O R T Ci t y o f P r i o r L a k e Re v e n u e s Fr o m A m e n d e d B u d g e t 11 / 6 / 2 0 1 7 - E x h i b i t C 20 1 6 20 1 7 20 1 7 20 1 8 20 1 8 2018 BU D G E T AC T I V I T Y OR I G I N A L AM E N D E D PR O P O S E D PR O P O S E D PROPOSED CL A S S I F I C A T I O N BU D G E T BU D G E T BU D G E T AM T C H A N G E % CHANGE BU D G E T R E P O R T Ci t y o f P r i o r L a k e Re v e n u e s Fr o m A m e n d e d B u d g e t Fu n d 4 1 0 - R E V O L V I N G E Q U I P M E N T F U N D Ta x e s 32 6 , 0 3 9 37 5 , 0 0 0 37 5 , 0 0 0 55 0 , 0 0 0 17 5 , 0 0 0 46.67 In t e r g o v e r n m e n t a l 30 , 0 0 0 30 , 0 0 0 100.00 Mi s c e l l a n e o u s R e v e n u e s 12 , 0 3 7 10 , 5 9 4 10 , 5 9 4 6, 0 0 0 (4 , 5 9 4 ) (43.36) Ot h e r 12 , 0 0 0 12 , 0 0 0 100.00 Tr a n s f e r s i n 14 1 , 0 0 0 34 1 , 0 0 0 34 1 , 0 0 0 15 5 , 0 0 0 (1 8 6 , 0 0 0 ) (54.55) De b t I s s u e d 41 0 , 0 0 0 66 5 , 0 0 0 66 5 , 0 0 0 100.00 TO T A L R E V E N U E S - F U N D 4 1 0 88 9 , 0 7 6 72 6 , 5 9 4 72 6 , 5 9 4 1, 4 1 8 , 0 0 0 69 1 , 4 0 6 95.16 Fu n d 4 3 0 - R E V O L V I N G P A R K E Q U I P F U N D Ta x e s 21 3 , 4 0 6 21 3 , 4 0 6 23 8 , 1 8 4 24 , 7 7 8 11.61 Mi s c e l l a n e o u s R e v e n u e s 5, 9 8 1 6, 0 0 0 6, 0 0 0 4, 7 0 0 (1 , 3 0 0 ) (21.67) TO T A L R E V E N U E S - F U N D 4 3 0 5, 9 8 1 21 9 , 4 0 6 21 9 , 4 0 6 24 2 , 8 8 4 23 , 4 7 8 10.70 Fu n d 4 4 0 - F A C I L I T I E S M A N A G E M E N T F U N D Mi s c e l l a n e o u s R e v e n u e s 10 , 0 2 4 5, 0 0 0 5, 0 0 0 5, 4 0 0 40 0 8.00 Tr a n s f e r s i n 55 , 0 0 0 56 , 6 5 0 56 , 6 5 0 58 , 3 5 0 1, 7 0 0 3.00 De b t I s s u e d 62 0 , 0 0 0 62 0 , 0 0 0 62 0 , 0 0 0 TO T A L R E V E N U E S - F U N D 4 4 0 65 , 0 2 4 68 1 , 6 5 0 68 1 , 6 5 0 68 3 , 7 5 0 2, 1 0 0 0.31 Fu n d 4 5 0 - P e r m a n e n t I m p r o v e m e n t R e v o l v i n g F u n d Mi s c e l l a n e o u s R e v e n u e s 84 , 8 5 2 84 , 8 5 2 100.00 De b t I s s u e d 60 0 , 0 0 0 60 0 , 0 0 0 100.00 TO T A L R E V E N U E S - F U N D 4 5 0 68 4 , 8 5 2 68 4 , 8 5 2 100.00 11 / 6 / 2 0 1 7 - E x h i b i t C 20 1 6 20 1 7 20 1 7 20 1 8 20 1 8 2018 BU D G E T AC T I V I T Y OR I G I N A L AM E N D E D PR O P O S E D PR O P O S E D PROPOSED CL A S S I F I C A T I O N BU D G E T BU D G E T BU D G E T AM T C H A N G E % CHANGE BU D G E T R E P O R T Ci t y o f P r i o r L a k e Re v e n u e s Fr o m A m e n d e d B u d g e t Fu n d 6 0 1 - W A T E R F U N D Ch a r g e s f o r S e r v i c e s 6, 2 2 7 , 4 7 2 4, 1 1 6 , 1 9 6 4, 1 1 6 , 1 9 6 4, 0 7 5 , 1 7 4 (4 1 , 0 2 2 ) (1.00) In t e r g o v e r n m e n t a l 13 , 3 3 3 Mi s c e l l a n e o u s R e v e n u e s 45 , 3 1 9 40 , 0 0 0 40 , 0 0 0 35 , 9 0 0 (4 , 1 0 0 ) (10.25) Tr a n s f e r s i n 24 , 8 7 1 25 0 , 0 0 0 25 0 , 0 0 0 1, 5 0 0 , 0 0 0 1, 2 5 0 , 0 0 0 500.00 De b t I s s u e d 85 0 , 0 0 0 85 0 , 0 0 0 1, 1 8 0 , 0 0 0 33 0 , 0 0 0 38.82 TO T A L R E V E N U E S - F U N D 6 0 1 6, 3 1 0 , 9 9 5 5, 2 5 6 , 1 9 6 5, 2 5 6 , 1 9 6 6, 7 9 1 , 0 7 4 1, 5 3 4 , 8 7 8 29.20 Fu n d 6 0 2 - S T O R M W A T E R U T I L I T Y Ch a r g e s f o r S e r v i c e s 98 2 , 3 8 9 87 6 , 9 2 1 87 6 , 9 2 1 91 6 , 3 2 6 39 , 4 0 5 4.49 In t e r g o v e r n m e n t a l 34 , 7 9 0 34 , 7 9 0 (3 4 , 7 9 0 ) (100.00) Mi s c e l l a n e o u s R e v e n u e s 11 , 4 6 4 8, 0 8 0 8, 0 8 0 12 , 0 0 0 3, 9 2 0 48.51 TO T A L R E V E N U E S - F U N D 6 0 2 99 3 , 8 5 3 91 9 , 7 9 1 91 9 , 7 9 1 92 8 , 3 2 6 8, 5 3 5 0.93 Fu n d 6 0 4 - S E W E R F U N D Ch a r g e s f o r S e r v i c e s 4, 4 8 6 , 7 8 9 3, 1 0 9 , 5 3 0 3, 1 0 9 , 5 3 0 3, 4 5 3 , 9 4 0 34 4 , 4 1 0 11.08 In t e r g o v e r n m e n t a l 57 , 2 8 0 Mi s c e l l a n e o u s R e v e n u e s 25 , 8 3 9 22 , 8 1 0 22 , 8 1 0 18 , 5 0 0 (4 , 3 1 0 ) (18.90) Tr a n s f e r s i n 92 , 3 1 2 De b t I s s u e d 85 0 , 0 0 0 85 0 , 0 0 0 1, 4 0 0 , 0 0 0 55 0 , 0 0 0 64.71 TO T A L R E V E N U E S - F U N D 6 0 4 4, 6 6 2 , 2 2 0 3, 9 8 2 , 3 4 0 3, 9 8 2 , 3 4 0 4, 8 7 2 , 4 4 0 89 0 , 1 0 0 22.35 TO T A L R E V E N U E S - A L L F U N D S 33 , 8 2 9 , 8 2 6 30 , 1 7 3 , 1 9 4 29 , 8 7 3 , 1 9 4 33 , 6 2 8 , 4 5 5 3, 7 5 5 , 2 6 1 12.57 20 1 8 2018 PR O P O S E D PROPOSED AM T C H A N G E % CHANGE 3, 4 5 5 , 2 6 1 11.45 Fr o m O r i g i n a l B u d g e t 11 / 6 / 2 0 1 7 - E x h i b i t C 20 1 6 20 1 7 20 1 7 20 1 8 20 1 8 2018 AC T I V I T Y OR I G I N A L AM E N D E D PR O P O S E D PR O P O S E D PROPOSED DE P T DE S C R I P T I O N BU D G E T BU D G E T BU D G E T AM T C H A N G E % CHANGE Fu n d 1 0 1 - G E N E R A L F U N D 41 1 1 0 . 0 0 MA Y O R & C O U N C I L 57 , 1 8 1 58 , 1 9 3 58 , 1 9 3 58 , 1 9 6 3 0.01 41 1 3 0 . 0 0 OR D I N A N C E 7, 3 2 9 7, 5 0 0 7, 5 0 0 7, 5 0 0 41 3 2 0 . 0 0 AD M I N I S T R A T I O N 41 6 , 4 9 0 40 9 , 2 2 8 40 9 , 2 2 8 42 8 , 3 0 5 19 , 0 7 7 4.66 41 3 3 0 . 0 0 BO A R D S & C O M M I S S I O N S 10 , 3 7 0 10 , 6 8 9 10 , 6 8 9 10 , 6 8 9 41 4 1 0 . 0 0 EL E C T I O N S 16 , 9 8 2 23 , 9 8 4 23 , 9 8 4 100.00 41 5 2 0 . 0 0 FI N A N C E 42 8 , 7 2 7 45 9 , 9 6 6 45 9 , 9 6 6 46 4 , 0 5 2 4, 0 8 6 0.89 41 5 3 0 . 0 0 AC C O U N T I N G 24 9 41 5 4 0 . 0 0 IN T E R N A L A U D I T I N G 31 , 7 3 3 28 , 1 5 0 28 , 1 5 0 30 , 7 0 0 2, 5 5 0 9.06 41 5 5 0 . 0 0 AS S E S S I N G 16 9 , 6 0 8 18 7 , 2 5 0 18 7 , 2 5 0 19 4 , 7 0 0 7, 4 5 0 3.98 41 6 1 0 . 0 0 LE G A L 14 7 , 4 0 2 20 0 , 0 0 0 20 0 , 0 0 0 21 2 , 0 0 0 12 , 0 0 0 6.00 41 8 2 0 . 0 0 HU M A N R E S O U R C E S 15 2 , 0 0 7 16 3 , 6 0 5 19 1 , 6 2 5 18 4 , 4 4 3 (7 , 1 8 2 ) (3.75) 41 8 3 0 . 0 0 CO M M U N I C A T I O N S 10 6 , 3 6 7 11 9 , 7 0 8 11 9 , 7 0 8 12 4 , 7 1 7 5, 0 0 9 4.18 41 9 1 0 . 0 0 CO M M U N I T Y D E V E L O P M E N T 32 3 , 7 2 5 34 7 , 2 7 3 34 7 , 2 7 3 32 6 , 4 7 5 (2 0 , 7 9 8 ) (5.99) 41 9 2 0 . 0 0 IN F O R M A T I O N T E C H N O L O G Y 30 6 , 7 8 8 34 5 , 5 8 5 37 3 , 5 8 5 31 7 , 1 4 5 (5 6 , 4 4 0 ) (15.11) 41 9 4 0 . 0 0 FA C I L I T I E S - C I T Y H A L L 43 6 , 1 8 1 48 5 , 8 5 4 48 8 , 8 5 4 46 1 , 2 8 7 (2 7 , 5 6 7 ) (5.64) 42 1 0 0 . 0 0 PO L I C E 3, 5 2 0 , 5 3 5 3, 7 3 0 , 7 3 0 3, 7 4 4 , 7 3 0 4, 1 7 2 , 8 2 5 42 8 , 0 9 5 11.43 42 2 0 0 . 0 0 FI R E 89 5 , 1 4 9 90 5 , 1 4 9 90 5 , 1 4 9 92 9 , 4 6 0 24 , 3 1 1 2.69 42 4 0 0 . 0 0 BU I L D I N G I N S P E C T I O N 58 3 , 8 3 1 63 8 , 3 2 5 63 8 , 3 2 5 59 3 , 9 2 6 (4 4 , 3 9 9 ) (6.96) 42 5 0 0 . 0 0 EM E R G E N C Y M A N A G E M E N T 9, 6 3 9 11 , 8 0 2 11 , 8 0 2 10 , 8 3 0 (9 7 2 ) (8.24) 42 7 0 0 . 0 0 AN I M A L C O N T R O L 26 , 0 0 0 26 , 4 4 8 26 , 4 4 8 26 , 4 4 8 43 0 5 0 . 0 0 EN G I N E E R I N G 34 0 , 6 4 3 38 5 , 2 7 2 38 5 , 2 7 2 46 6 , 7 3 9 81 , 4 6 7 21.15 43 1 0 0 . 0 0 ST R E E T 1, 1 7 3 , 6 0 3 1, 3 9 3 , 7 5 4 1, 1 1 9 , 5 2 4 1, 1 7 5 , 3 8 5 55 , 8 6 1 4.99 43 4 0 0 . 0 0 CE N T R A L G A R A G E 36 1 , 2 8 8 40 4 , 5 5 4 40 4 , 5 5 4 42 1 , 6 7 9 17 , 1 2 5 4.23 45 1 0 0 . 0 0 RE C R E A T I O N 38 4 , 7 2 2 38 8 , 3 5 2 38 8 , 3 5 2 42 7 , 6 9 6 39 , 3 4 4 10.13 45 2 0 0 . 0 0 PA R K S 1, 3 1 0 , 5 7 2 1, 2 9 2 , 7 0 9 1, 2 9 2 , 7 0 9 1, 4 0 7 , 9 3 7 11 5 , 2 2 8 8.91 45 5 0 0 . 0 0 LI B R A R I E S 41 , 2 9 1 52 , 7 6 3 52 , 7 6 3 63 , 0 9 8 10 , 3 3 5 19.59 46 1 0 0 . 0 0 NA T U R A L R E S O U R C E S 14 9 80 0 0 0 . 0 0 Tr a n s f e r s t o o t h e r F u n d s 1, 1 5 9 , 2 2 6 1, 0 1 8 , 0 1 9 1, 0 1 8 , 0 1 9 22 7 , 5 5 2 (7 9 0 , 4 6 7 ) (77.65) TO T A L E X P E N D I T U R E S - F U N D 1 0 1 12 , 4 1 7 , 7 8 7 13 , 0 7 0 , 8 7 8 12 , 8 6 9 , 6 6 8 12 , 7 6 7 , 7 6 8 (1 0 1 , 9 0 0 ) (0.79) DE B T S E R V I C E F U N D S 47 0 0 0 . 0 0 DE B T S E R V I C E 5, 0 4 7 , 3 5 2 5, 0 1 9 , 3 1 8 5, 0 1 9 , 4 9 4 4, 8 9 6 , 0 0 0 (1 2 3 , 4 9 4 ) (2.46) TO T A L E X P E N D I T U R E S - D E B T S E R V I C E F U N D S 5, 0 4 7 , 3 5 2 5, 0 1 9 , 3 1 8 5, 0 1 9 , 4 9 4 4, 8 9 6 , 0 0 0 (1 2 3 , 4 9 4 ) (2.46) Fr o m A m e n d e d B u d g e t BU D G E T R E P O R T Ci t y o f P r i o r L a k e Ex p e n d i t u r e s 11 / 6 / 2 0 1 7 - E x h i b i t C 20 1 6 20 1 7 20 1 7 20 1 8 20 1 8 2018 AC T I V I T Y OR I G I N A L AM E N D E D PR O P O S E D PR O P O S E D PROPOSED DE P T DE S C R I P T I O N BU D G E T BU D G E T BU D G E T AM T C H A N G E % CHANGE Fr o m A m e n d e d B u d g e t BU D G E T R E P O R T Ci t y o f P r i o r L a k e Ex p e n d i t u r e s Fu n d 2 1 0 - C A B L E F R A N C H I S E F U N D 41 3 4 0 . 0 0 PU B L I C C A B L E A C C E S S 5, 2 4 8 11 , 2 5 0 11 , 2 5 0 80 , 0 0 0 68 , 7 5 0 611.11 TO T A L E X P E N D I T U R E S - F U N D 2 1 0 5, 2 4 8 11 , 2 5 0 11 , 2 5 0 80 , 0 0 0 68 , 7 5 0 611.11 Fu n d 2 2 5 - C A P I T A L P A R K F U N D 45 0 4 0 . 0 0 PI K E L A K E P A R K 3, 7 1 2 3, 7 0 0 3, 7 0 0 100.00 45 1 4 6 . 0 0 Ea g l e C r e e k / B r o o k s v i l l e H i l l s 95 , 8 4 7 45 1 4 7 . 0 0 MA R K L E Y L A K E T R A I L 36 6 , 1 9 2 45 2 0 0 . 0 0 PA R K S 30 , 5 0 7 TO T A L E X P E N D I T U R E S - F U N D 2 2 5 49 6 , 2 5 8 3, 7 0 0 3, 7 0 0 100.00 Fu n d 2 4 0 - E D A S P E C I A L R E V E N U E F U N D 46 5 0 0 . 0 0 EC O N O M I C D E V E L O P M E N T 14 2 , 3 3 8 15 1 , 3 2 5 15 1 , 3 2 5 14 5 , 7 7 7 (5 , 5 4 8 ) (3.67) 46 5 0 3 . 0 0 TE C H V I L L A G E I N C U B A T O R 8, 8 3 1 9, 5 0 0 9, 5 0 0 7, 8 2 0 (1 , 6 8 0 ) (17.68) TO T A L E X P E N D I T U R E S - F U N D 2 4 0 15 1 , 1 6 9 16 0 , 8 2 5 16 0 , 8 2 5 15 3 , 5 9 7 (7 , 2 2 8 ) (4.49) Fu n d 4 1 0 - R E V O L V I N G E Q U I P M E N T F U N D 42 1 0 0 . 0 0 PO L I C E 92 , 1 8 6 12 4 , 7 0 0 12 4 , 7 0 0 23 8 , 0 4 0 11 3 , 3 4 0 90.89 42 2 0 0 . 0 0 FI R E 44 1 67 8 , 7 7 0 67 8 , 7 7 0 43 1 0 0 . 0 0 ST R E E T 45 9 , 8 7 9 22 4 , 3 3 4 22 4 , 3 3 4 (2 2 4 , 3 3 4 ) (100.00) 43 4 0 0 . 0 0 CE N T R A L G A R A G E 20 , 0 4 4 20 , 0 0 0 20 , 0 0 0 20 , 0 0 0 45 2 0 0 . 0 0 PA R K S 43 8 , 6 4 3 92 , 1 8 5 92 , 1 8 5 23 7 , 0 0 3 14 4 , 8 1 8 157.09 49 4 0 0 . 0 0 WA T E R 4, 6 3 5 4, 6 3 5 10 , 0 9 4 5, 4 5 9 117.78 49 4 2 0 . 0 0 WA T E R Q U A L I T Y 21 0 , 1 2 0 21 0 , 1 2 0 49 4 5 0 . 0 0 SE W E R 40 6 , 8 5 0 40 6 , 8 5 0 (4 0 6 , 8 5 0 ) (100.00) 80 0 0 0 . 0 0 Tr a n s f e r s t o o t h e r F u n d s 14 8 , 0 2 1 TO T A L E X P E N D I T U R E S - F U N D 4 1 0 1, 1 5 9 , 2 1 4 87 2 , 7 0 4 87 2 , 7 0 4 1, 3 9 4 , 0 2 7 52 1 , 3 2 3 59.74 Fu n d 4 3 0 - R E V O L V I N G P A R K E Q U I P F U N D 45 2 0 0 . 0 0 PA R K S 22 3 , 4 0 6 30 8 , 7 3 6 23 8 , 1 8 4 (7 0 , 5 5 2 ) (22.85) TO T A L E X P E N D I T U R E S - F U N D 4 3 0 22 3 , 4 0 6 30 8 , 7 3 6 23 8 , 1 8 4 (7 0 , 5 5 2 ) (22.85) 11 / 6 / 2 0 1 7 - E x h i b i t C 20 1 6 20 1 7 20 1 7 20 1 8 20 1 8 2018 AC T I V I T Y OR I G I N A L AM E N D E D PR O P O S E D PR O P O S E D PROPOSED DE P T DE S C R I P T I O N BU D G E T BU D G E T BU D G E T AM T C H A N G E % CHANGE Fr o m A m e n d e d B u d g e t BU D G E T R E P O R T Ci t y o f P r i o r L a k e Ex p e n d i t u r e s Fu n d 4 4 0 - F A C I L I T I E S M A N A G E M E N T F U N D 41 9 6 0 . 0 0 GE S P 25 7 , 3 1 3 42 1 0 0 . 0 0 PO L I C E 8, 0 0 0 8, 0 0 0 100.00 42 2 0 0 . 0 0 FI R E 17 , 4 8 4 17 , 4 8 4 84 3 , 2 0 4 82 5 , 7 2 0 4,722.72 45 5 0 0 . 0 0 LI B R A R I E S 79 , 9 6 1 79 , 9 6 1 (7 9 , 9 6 1 ) (100.00) 49 4 0 0 . 0 0 WA T E R 1, 1 4 0 11 4 , 0 8 1 73 4 , 0 8 1 22 , 5 0 0 (7 1 1 , 5 8 1 ) (96.93) 80 0 0 0 . 0 0 Tr a n s f e r s t o o t h e r F u n d s 45 , 6 1 4 20 , 6 1 4 20 , 6 1 4 (2 0 , 6 1 4 ) (100.00) TO T A L E X P E N D I T U R E S - F U N D 4 4 0 30 4 , 0 6 7 23 2 , 1 4 0 85 2 , 1 4 0 87 3 , 7 0 4 21 , 5 6 4 2.53 Fu n d 4 5 0 - P e r m a n e n t I m p r o v e m e n t R e v o l v i n g F u n d 43 1 0 0 . 0 0 ST R E E T 65 0 , 0 0 0 65 0 , 0 0 0 100.00 80 0 0 0 . 0 0 Tr a n s f e r s t o o t h e r F u n d s 75 , 3 7 4 75 , 3 7 4 100.00 TO T A L E X P E N D I T U R E S - F U N D 4 5 0 72 5 , 3 7 4 72 5 , 3 7 4 100.00 Fu n d 6 0 1 - W A T E R F U N D 41 5 2 0 . 0 0 FI N A N C E 85 , 3 6 1 86 , 9 7 7 86 , 9 7 7 82 , 6 8 2 (4 , 2 9 5 ) (4.94) 49 4 0 0 . 0 0 WA T E R 2, 4 0 8 , 1 8 0 4, 9 9 7 , 7 7 3 5, 0 1 5 , 8 0 8 5, 7 3 1 , 2 9 7 71 5 , 4 8 9 14.26 80 0 0 0 . 0 0 Tr a n s f e r s t o o t h e r F u n d s 1, 7 4 2 , 8 9 6 94 1 , 1 4 7 94 1 , 1 4 7 84 5 , 5 4 5 (9 5 , 6 0 2 ) (10.16) TO T A L E X P E N D I T U R E S - F U N D 6 0 1 4, 2 3 6 , 4 3 7 6, 0 2 5 , 8 9 7 6, 0 4 3 , 9 3 2 6, 6 5 9 , 5 2 4 61 5 , 5 9 2 10.19 Fu n d 6 0 2 - S T O R M W A T E R U T I L I T Y 49 4 2 0 . 0 0 WA T E R Q U A L I T Y 59 8 , 9 7 2 1, 3 0 7 , 2 0 6 1, 3 0 7 , 2 0 6 92 1 , 6 6 9 (3 8 5 , 5 3 7 ) (29.49) 80 0 0 0 . 0 0 Tr a n s f e r s t o o t h e r F u n d s 16 7 , 7 6 8 81 , 0 0 0 81 , 0 0 0 77 , 0 0 0 (4 , 0 0 0 ) (4.94) TO T A L E X P E N D I T U R E S - F U N D 6 0 2 76 6 , 7 4 0 1, 3 8 8 , 2 0 6 1, 3 8 8 , 2 0 6 99 8 , 6 6 9 (3 8 9 , 5 3 7 ) (28.06) Fu n d 6 0 4 - S E W E R F U N D 41 5 2 0 . 0 0 FI N A N C E 85 , 3 7 3 86 , 9 7 7 86 , 9 7 7 82 , 6 8 2 (4 , 2 9 5 ) (4.94) 49 4 5 0 . 0 0 SE W E R 2, 5 4 9 , 9 3 4 4, 0 1 9 , 1 2 1 4, 0 3 7 , 1 5 6 4, 3 8 9 , 1 7 6 35 2 , 0 2 0 8.72 80 0 0 0 . 0 0 Tr a n s f e r s t o o t h e r F u n d s 63 1 , 0 0 4 35 5 , 3 0 0 35 5 , 3 0 0 27 1 , 1 0 9 (8 4 , 1 9 1 ) (23.70) TO T A L E X P E N D I T U R E S - F U N D 6 0 4 3, 2 6 6 , 3 1 1 4, 4 6 1 , 3 9 8 4, 4 7 9 , 4 3 3 4, 7 4 2 , 9 6 7 26 3 , 5 3 4 5.88 TO T A L E X P E N D I T U R E S - A L L F U N D S 27 , 8 5 0 , 5 8 3 31 , 4 6 6 , 0 2 2 32 , 0 0 6 , 3 8 8 33 , 5 3 3 , 5 1 4 1, 5 2 7 , 1 2 6 4.77 20 1 8 2018 PR O P O S E D PROPOSED AM T C H A N G E % CHANGE 2, 0 6 7 , 4 9 2 6.57 Fr o m O r i g i n a l B u d g e t 4646 Dakota Street SE Prior Lake, MN 55372 CITY COUNCIL AGENDA REPORT MEETING DATE: SEPTEMBER 18, 2018 AGENDA # 9A PREPARED BY: FRANK BOYLES, CITY MANAGER CATHY ERICKSON, FINANCE DIRECTOR JASON ETTER, ACCOUNTING MANAGER PRESENTED BY: CATHY ERICKSON AGENDA ITEM: CONSIDER APPROVAL OF A RESOLUTION APPROVING PRELIMINARY 2018 CITY BUDGETS AND CERTIFYING PRELIMINARY 2018 CITY OF PRIOR LAKE PROPERTY TAX LEVY TO SCOTT COUNTY DEPARTMENT OF TAXATION DISCUSSION: Introduction State statutes require that each taxing authority adopt a preliminary budget and certify a preliminary tax levy for payable 2018 to the County on or before September 30, 2017. The preliminary tax levy establishes the maximum that the City can levy against properties in 2018. The City’s tax levy is used (together with the preliminary levies of other taxing entities) to assemble the parcel-specific truth in taxation notices for mailed distribution in November prior to the public budget meetings in December. At the meeting at which the City Council adopts a preliminary budget and preliminary tax levy (September 18), the Council must announce the date, time and place of the council meeting at which the 2018 budget and levy will be discussed and which allows for citizen input. That meeting is scheduled for Monday, December 4 at 7 p.m. in the Prior Lake City Council Chambers. This information must also be included in the meeting minutes. History This year, the development of the 2018 budget began in April when Staff presented to the Council a summary of the 2016 financial results and an update on what to expect for 2017. Staff also presented the Personnel Plan a five-year projection of staffing needs) and Compensation Study (a study of city jobs to see if they are in the correct pay ranges and comparable to like cities) in July. A follow-up meeting was held in August when staff presented an overview of the preliminary 2018 budget and projected tax impacts. The overall tax levy including the general fund) increase also included the CIP impacts on the levy which has been part of the CIP discussions that started in July. The budgets have been prepared taking into consideration Council comments as well as the City Manager’s direction. A budget workshop was Page 2 held on August 21 to review the proposed 2018 budgets. Council feedback indicated receptivity to new revenue sources such as daily parking fees at Sandpoint Park, a fee adjustment to address the City’s technology costs for processing permits, licenses, etc. The Council also indicated that they could support a levy increase that was less than 5%. To work toward a levy increase of less than 5%, several revisions have occurred since the August 21 presentation which have resulted in a reduction of the preliminary tax levy increase from 5.31%, which we originally provided you, to 4.7% which is reflected in the preliminary budget recommendation. The revisions made are as follows: A final budget workshop will be held on November 6 in anticipation of the December 4 hearing. Current Circumstances Overview A preliminary budget overview has been attached to this agenda report. It reflects preliminary figures for the 2018 budget for the following funds: General Fund Debt Service Funds Cable Fund Capital Park Fund Revolving Equipment Fund Revolving Park Equipment Fund Permanent Improvement Revolving Fund Facilities Management Fund General Fund: Increase in revenues (58,034) Park Admission Fees-Sandpoint weekday parking Police state aid Police bulletproof vests grant Building permit fees Fire-Township Fire & Resc Aid Increase Other permit/misc. licenses Net Increase in Expenditures 142,266 Parks Seasonal Staff correction/Park attendant weekdays at Sandpoint Park Parks Maintenance Workers -delay start until 7/1 Streets Mainenance reduction for seal coat/spot fill Tax abatement for Versatile Vehicles Other expense adjustments Use of General Fund Reserves for Cartegraph Upgrade (18,990) General Fund Levy Increase 65,242 Other Funds: Debt Service Levy Decrease-Close Funds/Balance Transfer (56,849) Revolving Parks Fund Levy Decrease (80,000) Net Decrease in Tax Levy (71,607) Page 3 Economic Development Authority Water Fund Sewer Fund Water Quality Fund The second page shows tax levy and budgetary comparisons from the 2017 adopted budget to the preliminary 2018 figures. Summaries for revenues and expenditures are also included with this report. The summaries reflect two years of actuals, current year original and amended budgets, and the preliminary 2018 budget. Estimated Tax Levy The following table shows the total tax levy for the period 2012 to preliminary 2018: Since 2012, the levy has increased on average 2.7% annually while the rate of inflation and community growth has, on average, increased 3.7%. (Annual average inflation of 1.6% plus household growth of 2.1%.) The 2018 preliminary budget presents some funding constraints due in part to our prior actions to keep property tax adjustments low (despite inflationary pressures and growth of the community). In some years the levy was supplemented by an allocation from the general fund reserve until it became apparent that such a contribution would be needed every year, reducing the reserve below policy minimums. With the recent addition of the Grainwood Senior apartments, Summit single family and townhome development, and Lake Ridge apartments, community growth in 2017 and 2018 alone is anticipated to be 3.6% and 3.1% respectively. One of the key metrics the City Council considers during the budget process is to “Maintain a level of property taxes on a per household basis which takes into account the cost of inflation and community growth.” Earlier in the 2018 budget process, staff anticipated that community growth plus the cost of inflation for 2018 at 4.3%. With the addition of the Lake Ridge apartments in 2017, the average combined household growth and inflation is estimated at 5.4% for 2018. If the city council were to support the 5.4% target, an additional 81,000 would be available to fund programs which the staff has already cut to reach the 4.7% target. This funding of $81,000 would be used to maintain existing programs and infrastructure. The following chart shows the detailed change in the property tax levy for 2018 based on the preliminary budgets presented to the Council tonight. 2012 *2013 2014 2015 2016 2017 Prelim 2018 Total Tax Levy 9,414,124$ 9,414,124$ 9,448,918$ 10,394,086$ 11,078,361$ 11,568,155$ 12,111,574$ Change from prior year ($)(700,000) - 34,794 945,168 684,275 489,794 543,419 Change from prior year (%)-6.92%0.00%0.37%10.00%6.58%4.42%4.70% CPI - U (MSP)2.3%1.9%1.4%-0.6%1.6%2.3% est 2.3% est Approximately 2.5% of the 6.92% reduction in 2012 was due to the legislative change from a market value homestead credit aid program to a market value exclusion program. The net change from 2011 to 2012 was (4.42%). Page 4 One of the key metrics the City Council targets during the budget process is to “Maintain a level of property taxes on a per household basis which takes into account the cost of inflation and community growth.” The following chart illustrates the total property tax levy on a per household basis. As reflected in the chart, the preliminary 2018 total tax levy/household is slightly lower than the level which reflects the combined annual cost of inflation and growth. General Fund The proposed 2018 budget is about 1% (.54%) lower than the amended 2017 budget and (2.07%) lower than the original 2017 budget. Significant items discussed at the August work sessions are noted below. Service Delivery Challenges Staff has expressed its concerns about ongoing service delivery challenges. These challenges are triggered by: Funding limitations to provide services to existing infrastructure, population and property. City growth (i.e. increased street miles, parks, utility customers, etc.), Property Taxes 2017 2018 Amount Percent Levy - Tax Capacity General Fund - Operating 7,192,793$ 7,863,218$ 670,425$ 9.32% Debt Service Funds 2,628,937 3,142,620 513,683 19.54% Revolving Equipment Fund 375,000 500,000 125,000 33.33% Revolving Park Equipment Fund 213,406 238,184 24,778 11.61% Facilities Management Fund - - - n/a 10,410,136$ 11,744,022$ 1,333,886$ 12.81% Levy - Market Value - General Fund 1,018,019 227,552 (790,467) -77.65% Levy - Economic Dev Authority 140,000 140,000 - 0.00% Total Levy 11,568,155$ 12,111,574$ 543,419$ 4.70% Page 5 Level of activity (i.e. building permits, plats, projects, etc.); or Other factors such as vacancies from employee illness, accidents, or turnover. Personnel: Staff prepared a Personnel Plan that was presented to the Council at a work shop in July. The intent of the plan is to address these triggering events mentioned above as well as succession planning. Based on Council input, the 2018 proposed budget includes the following new positions: 1. Two additional full-time staff (maintenance worker and police officer). To minimize the 2018 levy impact, the maintenance worker planned start date is mid-year (7/1) and the police officer start date is 1/1. 2. One Police drug task force officer. While we anticipate filling this position in October 2017, the first time this position will be reflected in the full year budget is 2018. The SMSC is making an annual contribution of $70,000 for 2017-2019 to help fund this position. The city’s long-range personnel plan will continue to include a request for additional staff primarily to meet the following needs: 1) Public Works maintenance worker staffing to maintain existing streets and parks 2) A full-time City Clerk is needed to fulfill the statutory obligations of the City Council, including attending meetings, posting meeting notices, maintaining official city record and public documents (Laserfiche), etc. 3) Patrol officer staffing to meet the service call increase, response time, and rising crime rates. Contract Building Inspector The preliminary budget includes $50,000 for a temporary contract building official to help with inspections in 2018 due to the number of projects being constructed. This expenditure is budgeted in professional services and funding for this position is proposed to come from additional building permits. If they do not materialize, we will not fund this position. We have also been informed that our long time chief building official will be retiring at the end of February, 2018. Engineering The 2017-2021 CIP reflects several transportation projects. With the resignation of the Assistant Public Works Director/City’s Engineer in August, some concern has been raised about staff’s capacity to oversee public improvement projects. As discussed with the previous Council, the staff finds itself taking additional customer service steps on each project. In many cases, three neighborhood meetings are required and public hearings are becoming multi-meeting efforts. Additionally, the Engineering department does development review “on demand” as the need arises. Because of these two things, we expect that a combination of staff and consultants will be needed for the rest of 2017 and 2018. We believe this format will work, but we will continue to evaluate it. Employee Retention & Training: Over the past two years, 12 employees have resigned for other opportunities. Coupled with the seven employee retirements, the city lost 21% of its workforce in two years. In 2017 alone, four department heads resigned or retired. Not only has the city lost Page 6 important institutional knowledge, but the time and cost of recruiting and replacing employees is significant. A common theme relayed during staff ‘exit interviews’ is the lack of resources to handle the volume of work, which is professionally frustrating and personally stressful. This exodus of staff has caused Administration and the leadership team to reflect on the city as an employer and research methods to retain employees. One retention strategy we undertook in 2017 was the compensation program review to ensure that job classifications are accurate and appropriately graded and that our salaries reflect the current market. The recommendations from this analysis were approved by the City Council in July which sent a strong message of support to city staff. Over the past few years, to keep budgets low, training and professional development line items were cut. These funds should be restored over time to ensure strong supervisors, continuing education and engaged employees. Given the short tenure of half our staff, providing training and professional development will be an important tool to retain our young staff. In 2018, Administration will continue to assess the current benefits package, work culture and other important retention tools to preserve our workforce. The following table shows the detailed change in the General Fund 2018 preliminary budget as compared to the 2017 amended budget: The following chart illustrates General Fund operating expenditures on a per household basis from 2005 to the preliminary 2018 budget: Expenditures Totals Personnel:559,897 Assumptions: 1) Police drug task force officer 10/1/17 ($70k annual funding from SMSC through 2019); Police Officer 1/1/18 and Maintenance Worker 7/1/18, 2) COLA increase and health care premiums, 3) No change in PERA, FICA, Medicare rates 4) Election Judges Current:227,647 Operating Supplies 33,990 1) Repairs at the old/original PW builidng, 2) tech small equipment replacement per CIP, 3) Quarterly town meetings Professional Services 38,657 1) Engineering consulting for Interim PW Director and development reviews, and 2) legal fees Maintenance Agreements 91,528 1) Park trails/sidewalks, 2) City cleaning contract, 3)Building HVAC Utilities 27,279 Cost increase plus additional park lighting/Ponds Training and Employee Development 18,090 1) Supervisor training and 2) additional Police training (legislative mandate) ~3k of Police training will be reimbursed Tax abatement 11,576 Versatile Vehicles Other 6,527 Capital Outlay Varies based on CIP. Prior year included building financial system module (66,941) Debt Transfer Final payment of Park Referendum in 2017/Debt service reduction (790,467) Net Decrease in 2018 Expenditure Budget (69,864) Page 7 Includes 2016 Amended Budget and 2017 Preliminary Budget Another key metric the City Council targets is to “Maintain a level of General Fund operational expenditures on a per household basis which considers the cost of inflation and community growth.” As reflected in the chart above, the preliminary 2018 operating expenditures per household continues to be less than the level which reflects the cost of inflation and growth. Debt Service Fund The City Council acknowledges that the most responsible course of action with infrastructure repair, replacement and new construction is to financially plan for development and incorporate it into the Capital Improvement Program (CIP). Transportation Plan: During this year’s CIP review, no new projects have been added to the Transportation Plan. However, the timing of projects in the 2017-2021 CIP plan have been adjusted as follows: 1. Rolling Oaks Improvement Project - The Council approved resolution 17-120 which moves this project forward to 2017 in order to take advantage of the Trillium Cove Development underway on adjacent property. 2. Street Reconstruction Projects - At the CIP public presentation on August 7, Staff recommended shifting the Duluth Avenue/TH 13 signal project from 2019 to 2018 and consider keeping the project in that year only if the state could provide $500,000 in funding assistance. The Council suggested that if we move the Duluth/TH13 project up, we should shift a different project to a future year to help balance the levy change. Based on this direction from Council, Staff has shifted the Pershing Area Improvement project from 2018 to 2019. Retirement of Market Value Debt: In 2017, the City will make the final payment on the 2005 Park Referendum debt. Page 8 Closure of Debt Service Funds: Because there are two debt service fund that can be closed (the debt has all been paid), about $40,000 can be used to reduce the debt service levy on another existing bond issue. Therefore, the 2018 debt service levy can be reduced. This reduction has been reflected in the tax levy numbers provided above. Staff will be presenting a resolution to authorize the closure of Debt Service Funds 550 and 553 at September 18 Council meeting. Maintaining the City’s existing infrastructure is expensive as evidenced by the City’s approved Transportation Plan which has over $31.9 million in projects planned over the next 5 years. Approximately half of the funding will come from a property tax levy. As a result of the City’s commitment to maintain infrastructure, annual debt service costs have increased. For 2017, the overall debt service to pay our existing debt (including debt issued in 2017) increased by approximately $514,000. The debt service levy is the total for debt issued in previous years as well as 2017. However, this increase is offset by a $790,000 reduction in our General Fund Market Value Referendum levy. This has resulted in a total debt service levy decrease debt service + market value levy) of approximately ($277,000) or (7.6%). Revolving Equipment Fund Per the 2017-2021 CIP, the Revolving Equipment Fund is scheduled to receive a $175,000 increase from $375,000 to $550,000 in 2018. Additional increases are planned 2019 at which point the City plans to levy annually 600,000. This amount is necessary based upon staff’s projections for the replacement and/or refurbishment of existing equipment and the purchase of new equipment. Even with this increased level of contribution, issuing equipment certificates will be necessary to finance large equipment purchases (i.e. fire trucks). To minimize the levy increase, staff has reduced the revolving equipment fund levy by $50,000 to $500,000 rather than 550,000. This will result in a delay in scheduled replacement or refurbishment of equipment, and may result in an increase in equipment repair& maintenance costs. Revolving Park Equipment Fund Existing park capital improvements are planned and budgeted for in the Revolving Park Equipment Fund. Per the 2017-2021 CIP, the Revolving Park Equipment Fund is scheduled to receive a tax levy of approximately 368,000. To minimize the levy increase, staff has reduced the revolving park equipment fund levy by $130,000. For the past several years, the budget for trail maintenance has been cut by $100,000-$130,000 per year. The following four trails are in desperate need for repair; 1) Wilds Parkway, 2) Five Hawks, 3) Fairway Heights and 4) Lakefront Park. The reduction in funding will result in a delay in completing necessary sidewalk/trail repairs, and may result in temporary closure of trails due to safety concerns. Permanent Improvement Revolving Fund The preliminary budget reflects the mill and overlay project for nineteen streets in the Willows Area. Beginning in 2018, mill and overlay projects will be accounted for in the PIR fund, not the General Fund. It is anticipated that, over time, the fund will be self-sustaining. Until we develop special assessment prepayment history, we anticipate that the City will bond or levy for a portion of the costs, and fund the remainder with prepayments of special assessments collected from prior year(s) improvements. The Page 9 preliminary budget for 2018 reflects bonding for the Willows Area mill and overlay. EDA The Prior Lake Economic Development Authority (EDA) proposed a tax levy of $155,000. The Council has recommended that the proposed levy for the EDA should be maintained at the current levy of $140,000. To achieve this, the EDA will use fund balance of approximately $5,400 to help offset proposed 2018 expenditures. At the August budget workshop, the Council indicated they would consider an update to the Comprehensive Financial Management Plan to provide additional annual funding to the EDA if the General Fund reserve amount was above an established percentage (say 47%). The funding would not be automatic, but would be reviewed by the Council based on the EDA submission of a development spending plan for council approval and direction in the expenditure of those resources. Enterprise Funds Included on Exhibit B are budget summaries of the three enterprise funds that the City operates. At the workshop on August 21 and September 5, Staff presented rate increases and debt issuance necessary to fund operations as well as capital projects identified in the Capital Improvements Plan. For example, in the approved Transportation Plan, there are $4.1 million of water projects, $2.4 million of sewer projects, and $1.4 million of water quality projects planned over the next five years. These projects are currently proposed to be funded out of fund balance. To do this, annually rate increases and/or the issuance of debt is necessary. Use of General Fund Reserves: Staff is proposing to minimize the levy impact by paying for two needed software upgrades from General Fund Reserves. The two software upgrades needed are the Laserfiche upgrade in 2017 and the Cartegraph upgrade in 2018. The City is often forced to delay system upgrades or planned technology improvements due to the inability to fund these purchases. FINANCIAL IMPACT: Fee Schedule Revisions Staff is proposing several changes to the fees listed in the Fee Schedule. A new fee is a daily admission fee for parking at Sand Point Beach. The daily admission fee is projected to generate about $20,000 and would be used to help offset the cost of our seasonal park patrol ($10,000). Fee increases of 5.00/fee are proposed for building permits and other permits/fees to help offset the technology costs we incur for annual service contracts and new technology. The fee increases would result in about $12,000 of new revenue. About $8,000 would be new building permit revenue and about 4,000 would be for all other permits/fees combined. If approved, the total increased revenues would amount to about $32,000 Other fee revisions of 10% (as outlined in the 2017-2021 CIP) are included for trunk and connection charges for a third year to make up for increased inflationary costs which have not been reflected in our development fees. These fees are commonly adjusted on an annual basis. As noted above, modest rate increases are also proposed for the Water, Sewer and Storm Water. Page 10 The city has received police funding assistance each year from the SMSC. The current agreement is in its last year. We are hopeful for an increase for the next two years. We should know the amount soon. In the meantime, the preliminary 2018 budget reflects the present $440,000 gift. Detailed staff recommendation will be presented to the Council at the budget workshop on November 6. ISSUES: Service Delivery Challenges: The implications of the city’s service delivery challenges are noted above. Staff strives to maintain the city’s existing streets, parks, building and other resources in the face of our funding constraints. Union contract negotiations and health plan premium rates for 2018 are still pending. We anticipate negotiations will begin in October. ALTERNATIVES: 1. Approve resolution adopting preliminary budgets and setting maximum levies as set forth in the resolution. 2. Approve the resolution modified to adjust certain expenditures and the programs they support. 3. Take no action and establish last year’s levy as this year’s maximum. RECOMMENDED MOTION: ATTACHMENTS: Alternative #1 1) September 18, 2017 Council Resolution – 2018 Preliminary Budget and Tax Levy; 2) Exhibit “A” – Budget Overview 3) Exhibit “B” – Revenue and Expenditure Summaries