Agenda Packets - 2011/06/06 - Laserfiche WebLink

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Item No. 4 Meeting Date: June 6, 2011 Type of Business: Work Session City Administrator Review: ______ City of Mounds View Staff Report To: Honorable Mayor and City Council From: Mark Beer, Finance Director Item Title/Subject: Discussion of Priorities for the 2012 Budget City staff has been busy working on the details of the 2012 budget. This item is placed on the agenda to give the City Council and residents the opportunity to provide input to staff early in the process. Department Heads can then use this guidance as they work on the details of their proposed budgets. Key 2012 Budget Issues: The Legislature has adjourned for 2011 but will be called back into a special session by the Governor as a result of his veto of all the spending bills. There is a serious impasse between the Governor and the Legislature and there may be a state shut-down as a result. The City had Local Government Aid (LGA) withheld of $339,558 and Market Value Homestead Credit (MVHC) of $160,156 for 2010 and the budget passed by the Legislature before the veto would withhold LGA and MVHC at no greater than 2010 amounts. The Council wisely did not include LGA in the 2011 budget. If the Legislature’s budget is passed, our 2011 budget will be $14,990 short of what we budgeted. ($484,724 certified for 2011 vs. 2010 amount withheld of $499,714) General Fund 2011 Budget by Type Personnel 62.4%3,534,391 Contractual services 21.4%1,208,747 Capital outlays 5.9%333,094 Supplies 4.4%249,589 Transfers 4.3%245,000 Fire debt service 1.6%89,662 Contingency 0.0%- Total 100%5,660,483 General Fund 2011 Budget by Function Police 40.7%2,304,086 Public Works 15.6%883,635 Park and Recreation 9.3%528,064 Community Development 8.2%463,831 Fire 5.3%297,467 Administration 4.1%233,117 Finance 4.4%247,870 Central Services 4.2%238,923 Legislative 1.1%60,917 Debt Service 1.6%89,662 Contingency 0.0%- Misc. Contracual Service 1.2%67,911 Transfers to other funds 4.3%245,000 Total 100%5,660,483