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Item No. 4. <br />Meeting Date: June 4, 2012 <br />Type of Business: Work Session <br />City Administrator Review: ______ <br /> <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: Discussion of Priorities for the 2013 Budget <br /> <br />City staff has been busy working on the details of the 2013 budget. <br /> <br />This item is placed on the agenda to give the City Council and residents the opportunity to <br />provide input to staff early in the process. Department Heads can then use this guidance as <br />they work on the details of their proposed budgets. <br /> <br /> <br /> <br /> <br /> <br /> <br />Key 2013 Budget Issues: <br /> <br />The Legislature has adjourned for 2012 passing a stadium and bonding bill. A minor tax bill was <br />passed that limited LGA to cities to the 2012 amount or the formula amount whichever is less. <br />In our case it is the 2012 amount of 232,078. The formula amount would have been 642,802. <br />The current revenue projections show a one billion deficit for the next state biennium. (July 1, <br />2013 thru June 30, 2015) It has been the Council’s position to not budget for LGA so if there <br />are further cuts it won’t be as painful. <br /> <br />Inflation is moderate at present (2 ½ - 3%) and there is no state levy cap for 2013. The City’s <br />charter cap is more restrictive and excludes debt service and capital project levies from <br />inclusion in the cap calculation. A 1% levy increase would generate an additional $41,814 in tax <br />revenue. <br /> <br />General Fund 2012 Budget by Type <br />Personnel 64.4%3,516,027 <br />Contractual services 23.1%1,259,887 <br />Capital outlays 0.6%31,090 <br />Supplies 5.0%270,960 <br />Transfers 4.5%245,000 <br />Fire debt service 2.5%137,499 <br />Contingency 0.0%- <br /> Total 100%5,460,463 <br />General Fund 2012 Budget by Function <br />Police 43.5%2,373,986 <br />Public Works 12.8%701,262 <br />Park and Recreation 8.6%469,826 <br />Community Development 6.3%346,454 <br />Fire 6.0%325,633 <br />Administration 4.9%269,414 <br />Finance 4.4%240,192 <br />Central Services 4.0%218,251 <br />Legislative 1.1%58,775 <br />Debt Service 2.5%137,499 <br />Contingency 0.0%- <br />Misc. Contracual Service 1.4%74,171 <br />Transfers to other funds 4.5%245,000 <br />Total 100%5,460,463