HomeMy WebLinkAbout#12 Levy and Budget approval
MAYOR & COUNCIL COMMUNICATION
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DATE: December 6, 2016
REGULAR
ITEM #12
AGENDA ITEM: Approve 2016 Final General Fund, Debt Service Fund & Library Fund
Annual Budget and Tax Levy
SUBMITTED BY: Cathy Bendel, Finance Director
THROUGH: Cathy Bendel, Finance Director
REVIEWED BY: Kristina Handt, City Administrator
Finance Committee
SUGGESTED ORDER OF BUSINESS:
- Introduction of Item ..................................................................Finance Director
- Report/Presentation……………………….Finance Director/City Administrator
- Questions from Council to Staff ............................................. Mayor Facilitates
- Call for Public Hearing ........................................................... Mayor Facilitates
- Close Public Hearing…………………………………………Mayor Facilitates
- Discussion ....................................................................... Mayor & City Council
- Action on Motion .................................................................... Mayor Facilitates
POLICY RECOMMENDER: Finance Director and Finance Committee
FISCAL IMPACT: NA
SUMMARY AND ACTION REQUESTED: Pursuant to State law, the City is required to hold
a Truth in Taxation hearing regarding the adoption of the 2017 General Fund, Debt Service Fund
and Library Fund Budgets. The City Council is being asked to approve the Final 2017 Annual
Budget and Levy for these funds and hold a public hearing.
BACKGROUND INFORMATION: The City of Lake Elmo has both the legal and fiduciary
authority and responsibility under Minnesota State Statute to adopt a 2017 General Fund, Debt
Service Fund and Library Fund annual budgets; all of which impact the annual Property Tax
Levy. On September 20, 2016, the Preliminary Annual Budgets for these funds were approved
and subsequently certified to Washington County. The final levy and budgets for these funds
City Council Meeting [Regular Agenda Item #12]
December 6, 2016
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must be adopted and certified to Washington County by December 28th, 2016, after holding a
Truth in Taxation hearing.
STAFF REPORT: At budget review meetings, the Finance Committee reviewed an in-depth
budget and levy presentation for 2017 related to the General Fund. The City Council was invited
to those meetings and provided their input as well. As a result of those meetings, the preliminary
budget was finalized and presented to the City Council on September 20, 2016 for approval and
preliminary certification to the County.
Since that time, the following updates have been made:
• Construction escrow fees revenue has been added of $24,900 (new fee added effective
11/1/16 as proposed by the Building Official and approved by CC.
• Expense was added for 50% of a new FTE add in the Public Works Department ($24.9k)
starting in April 2017.
• The Fire Department expense was reduced to remove the sign and building repairs
moved to 2016 ($8k)
• The Police expense was increased slightly based on final numbers received from WA Cty
at the CC workshop on 11/22/16 (8k). This estimate is for the entire year and may be
reduced depending on when the new Sgt begins.
RECOMMENDATION: It is recommended that the City Council hold a public hearing related
to these budgets and if no issues arise as a result, pass Resolution 2016-105, thereby approving
the final 2017 General Fund, Debt Service Fund and Library Fund Annual Budget’s and Levies
by undertaking the following motion:
“Move to approve Resolution No. 2016-105 adopting the final 2017 General Fund, Debt
Service Fund and Library Fund Annual Budget’s and Levies”
ATTACHMENT:
1. Resolution No. 2016-105
2. General Fund 2017 Budget
3. 2017 Debt Service Summary
4. 2017 Lake Elmo Public Library Budget
5. 2017 Tax Impact Worksheet
CITY OF LAKE ELMO
WASHINGTON COUNTY, MINNESOTA
RESOLUTION NO. 2016-105
RESOLUTION APPROVING 2016 TAX LEVY, COLLECTIBLE IN 2017
AND
ADOPTING THE 2017 GENERAL FUND BUDGET
WHEREAS, the City Council has conducted budget meetings to review the 2016 Tax Levy,
collectible in 2017, and the final 2017 General Fund, 2017 Debt Fund, and 2017 Library Fund Budgets; and
WHEREAS, the City is required to adopt a final 2017 general fund budget payable 2017 and
certify its final property tax levy payable in 2017.
WHEREAS, the City of Lake Elmo held it’s Truth in Taxation hearing on December 6, 2016;
WHEREAS, the City of Lake Elmo closed the public hearing on the 2017 General Fund, Debt
Fund and Library Fund budgets at the close of the meeting on December 6, 2016 without need for continuation;
BE IT RESOLVED that the City adopts the final 2017 General Fund, Debt Fund and Library
Fund Budgets,
BE IT FURTHER RESOLVED by the Council of the City of Lake Elmo, County of Washington,
Minnesota that the following sums of money be levied for the current year, collectible in 2017, upon taxable
property in the City of Lake Elmo, for the following purposes:
Total General Fund Levy $1,998,847
Total G.O. Debt Levy $ 824,622
Library Levy $ 256,957
Total Levy $3,080,426
BE IT FUTHER RESOLVED that the City Clerk is hereby instructed to transmit a certified copy
of this resolution to the County Auditor of Washington County, Minnesota.
ADOPTED, by the Lake Elmo City Council on the 6th day of December, 2016.
______________________________
Mike Pearson
Mayor
ATTEST:
__________________________________
Julie Johnson
City Clerk