HomeMy WebLinkAboutCCWkspAgenda 9-3-2014Falcon Heights City Council Workshop
City Hall
2077 W Larpenteur Ave.
6:30 p.m.
AGENDA
Wednesday September 3, 2014
1) Continued Discussion on the Draft 2015 General Fund
Budget and Levy
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WORKSHOP STAFF REPORT
Families, Fields and Fair
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The City That Soars!
Item Draft 2015 General Fund Budget and Preliminary Levy
Description
A preliminary levy must be set by September 30th. The Minnesota Legislature
recently changed this deadline from September 15th to September 30th. The City
Council will formally act on the preliminary 2015 General Fund Budget and Levy at
the September 24th City Council meeting.
At the August 6th Workshop, the City Council reviewed for the first time a draft of
the 2015 General Fund Budget. Staff presented a preliminary budget with the
understanding that some important revenue information was unavailable at that
time. The amount of the Fiscal Disparities to be received was unavailable. The
amount of Fiscal Disparity distribution dollars received either increases or decreases
the amount to be levied to the property owners. Also, the Tax Capacity numbers for
the City were unavailable. This tax capacity information is needed to evaluate the
effect of various levels of tax rates.
Details for the preliminary 2015 General Fund Budget:
1) There are no levy limits imposed by the Legislature for the 2015 Budget.
2) The amount of LGA state aid was increased by an amount of $27,601 by the
Legislature for budget year 2015. LGA will increase from $503,707 to
$531,308 in 2015.
3) Fiscal Disparity distribution dollars for 2015 decreased by $24,223 over the
2014 level. This results in a higher ad valorem property tax portion of the
levy.
4) The overall general fund expenditures are proposed to increase by 5.5%.
-Public Safety (Police, Fire and Dispatch costs) account for 4.3% of this
increase. This includes the latest Police Contract, the costs from Ramsey
County for inclusion in the 911 Dispatch system for 2015 and the
investment toward the new position of Regular, Part-Time Fire Chief as
recommended in the 2012 Fire Study.
-All other departments account for increases of 1.2%.
-Health insurance premiums are estimated to increase 6% due to being a
small group with additional health expenses in our group during 2014. None
Meeting Date September 3, 2014
Agenda Item Workshop 1
Attachment Draft 2015 General Fund Budget &
Levy
Submitted By Bart Fischer, City Administrator
of the insurance companies have provided new premium data at this time.
Rates are not available to the City until November.
Impacts to the Overall Property Tax Levy:
2013 2014 2015
Property Tax Levy $1,008,302 $944,715 $?
Debt Levy $75,705 $139,135 $155,383
Total Levy: $1,084,007 $1,083,850 $?
The property tax portion of the levy is what needs to be discussed at the Workshop.
Additional information regarding different levy scenarios will be presented at the
meeting. Any information provided will be made part of the Workshop Minutes.
Budget Impact Dependent upon eventual adoption of the 2015 General Fund Budget later in 2014.
Attachment(s) Draft 2015 General Fund Budget
Action(s)
Requested
No action required, but guidance on continual refinement of the 2015 General Fund
Budget so the preliminary general fund levy can be set at the 9/24/14 Council
meeting.