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HomeMy WebLinkAbout11 05 2018 2019 Budget and Tax Levy PresentationNovember 5, 2018 1 Aug. 20 –Budget Work Session Sept 4 –CIP/Budget Work Session Sept. 17 –Adopt Preliminary Levy and Budget Nov. 5 –Budget Work Session Nov. –Budget Message Video Dec. 3 –Public Budget meeting Dec. 3 –Adopt Final Tax Levy and Budget Tax Levy and Budget Schedule 2 Overview –2019 Preliminary Budgets 3 General Fund $13,633,295 Debt Service Funds 5,480,327 Rev. Equipment Fund 1,223,951 Facilities Mgmt Fund 89,963 PIR Fund (street overlay) 886,933 Other (EDA, Parks, Cable)927,324 Water Fund 5,248,333 Sewer Fund 3,590,176 Water Quality Fund 1,001,628 Total $32,081,930 The 2019 proposed tax levy is $12,880,775. This is a proposed total tax levy change of 6.65%. For 53% of city homeowners this is a 3.4% or lower increase in the city portion of their property tax 2019 Proposed Tax Levy Change 4 2019 Proposed Preliminary Budget & Tax Levy Change At a Glance 5 4.35% 1.61% 0.46% 0.23% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 1 Mandatory CIP -All Tax Levy Components Personnel Net Adds Expenditures -Technlogy Plan Costs CIP: $50k Trail Replacement $50k Equipment Replacement $95k Street Overlay/PIR Fund Expenditures-Technology: $0k Phone System -(Use of Reserves $75k) $0k Website redesign -(Use of Reserves $45k) $23k IT Managed Services Contract $5k IT Network Support Total: 6.65% $803,150 Personnel: $80k Police Officer-start January 1 $60k City Clerk-start July 1 $85k) Remove City Engineer funding $0k Severance Funding (Use of reserves $100k) Mandatory: $318k Wage and Benefits per Contracts $49k Police Overtime $24k Parks, Comm Dev, Engr Overtime $20k Statutory PERA Contrib. Police/Fire $22k Workers Comp Insurance $37.4k Salt/Ice Management -(Use of Reserves $22.6k) $20.8k Fuel -(Use of Reserves $19.2k) $29.7k Current expenditure (cost inflation/transfers) $127k Debt Service $10k EDA Levy ($132.7k) Offsetting Revenue $525,150 $195,000 $55,000 $28,000 Residential Impact of City Portion of Proposed Tax Levy Change 6 RESIDENTIAL IMPACTS % Net Net Net Net Net Net of Inc/Dec Difference Inc/Dec Difference Inc/Dec Difference Inc/Dec Total 18 vs 19 % Change 18 vs 19 % Change 18 vs 19 % Change +15.01+%1,513 17%192.97$ 17.6%391.02$ 18.9%587.73$ 17.8% +10.01-15.00%1,121 12%161.78$ 14.8%327.69$ 15.9%492.74$ 14.9% +5.01-10.00%1,594 18%99.40$ 9.1%201.04$ 9.7%302.76$ 9.2% +0.01-5.00%1,897 21%37.02$ 3.4%74.39$ 3.6%112.79$ 3.4% No Change 21 0%5.83$ 0.5%11.06$ 0.5%17.80$ 0.5% -0.01-5.00%1,469 16%(25.36)$ -2.3%(52.26)$ -2.5%(77.19)$ -2.3% -5.01 - 10.00%808 9%(87.74)$ -8.0%(178.91)$ -8.7%(267.16)$ -8.1% -10.00 - 15.00%363 4%(150.11)$ -13.7%(305.56)$ -14.8%(457.14)$ -13.8% -15.01% +195 2%(181.30)$ -16.6%(368.89)$ -17.9%(552.12)$ -16.7% 8,981 100% % EMV Value Range # of affected Properties AVG MV- $338,100 $600,000 HOME $900,000 HOME The city needs to generate revenue to cover our total sewer flow metered by the Met Council Summer sewer lock: ▪Used to determine sewer flow billed in summer months ▪Recognizes that water used to water lawns, fill pools, etc. will not enter the sanitary sewer system ▪Summer sewer lock = (1.5 x Average of Feb & April water consumption) Utility Plans –Changes 7 ‣Summer sewer lock (continued) ▪Residents would still receive the summer sewer lock on their August & October utility bills (May 21-Sept 20 use) ▪This would generate revenue of $100k annually Utility Plans 8 Month Billing Cycle Feb Nov 21 - Jan 20 Apr Jan 21 - March 20 June March 21 - May 20 Aug May 21 - July 20 Oct July 21 - Sept 20 Dec Sept 21 - Nov 20 ‣The sewer rate is also impacted by the fee charged by the Metropolitan Council to treat the City’s sewer. ▪It is based on a rate increase and anticipated sewer flow increase. Utility Plans –continued 9 ‣Planned utility rate study in 2019 ▪Review all rates ▪Consider revising the tiered water rates to include a third tier –Goal to encourage water conservation ▪Review option for special billing district to cover private street replacement with utility projects Utility Plans –continued 10 CIP Public Hearing 8.6.2018 2019: Total Sewer/Wastewater Rate Change (MCES & City Combined)11% Water rate change 3% Stormwater rate change 5% Utility Fees: Current & Proposed* Rates: 2018 2019 * Water <25000 4.67$ 4.81$ Water >25000 6.44$ 6.63$ Sewer-MCES 2.67$ 2.81$ Sewer-City 2.94$ 3.39$ Storm Water 14.34$ 15.06$ CFAC-Water 5.00$ 5.00$ CFAC-Sewer 5.00$ 5.00$ Impact of Proposed Changes – Average User Utility Bill 12 Based on 8,000 gallons / cycle 2018 2019 2020 2021 2022 2023 Costs Per Cycle:106.58$ 113.13$ 119.28$ 123.27$ 127.41$ 131.71$ $$ Change from PY 4.32$ 6.54$ 6.16$ 3.99$ 4.14$ 4.30$ % Change from PY 4.2%6.1%5.4%3.3%3.4%3.4% Annual Costs:639.50$ 678.75$ 715.69$ 739.60$ 764.44$ 790.24$ $$ Change from PY 25.93$ 39.25$ 36.93$ 23.92$ 24.84$ 25.80$ % Change from PY 4.2%6.1%5.4%3.3%3.4%3.4% 13 Any additional information needed? Any changes the Council wants to make prior to the December 3 Public Hearing?