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HomeMy WebLinkAboutResolution 9833RESOLUTION NO. 9833 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA ADOPTING THE 2024 BUDGETS FOR ALL FUNDS WHEREAS, the City Council conducted numerous meetings and made available detailed budgets at City Hall and on the City's website for the 2024 budgets for all funds; and WHEREAS, the City Council has considered said budgets. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the following budgets for the calendar year 2024 are hereby approved: Property Taxes $ 6,218,475 Other Taxes�472,000 Licenses & Permits ® 289,522 Intergovernmental 1,374,677 Charges for Service _ --- ___ 48,025 ^� ~1�35,750 Fines & Forfeits Special Assessments^ ---------- .__.------------------------ 5,000 Miscellaneous 657,440 Total General Fund $ 9,100,889 Special Revenue Funds ___________________ 3,164,825 Debt Service Funds ----------------- 416,793 Capital Project Funds 2,268,881 Subtotal Gov't Funds $ 14,951,388 Enterprise Funds 4,304,233 General Gov't $ 1,230,090 Public Safety ___w________________________ ___________________ 4,731,592 Street Maintenance 1,106,099 Parks &Recreation ________________________ ___________________ 667,328 -Economic-Development 525,613 Other 178,609 ------------------------------------------ Debt Service 84,677 _________________________________ Transfers 1,552,881 Total General Fund $ 10,076,889 (Cable, EDA, MVCC, Recyling) 3,278,411 u (G.O.Bonds) 392,595 (Parks, Vehicle/Equip Replace, Special Projects, Streets) 3,401,856 Subtotal Gov't Funds $ 17,149,751 (Water, Sewer, Street Lights, 6,167,276 Surface Water) TOTAL FUNDS $ 19,255,621 TOTAL FUNDS $ 23,317,027 BE IT FURTHER RESOLVED, that, summaries of the 2024 budget shall be incorporated with and included as part of this resolution as Attachment A. Passed and adopted this 11'" day of Deceml ATTEST: (SEAL) Attachment A Special Revenue Capital Project Enterprise Debt Service Total Budget Total Budget Percent CITY-WIDE SUMMARY General Fund Funds Funds Funds Fund 2024 2023 Change REVENUES Taxes Property taxes $ 6,246,475 $ 100,000 $ 150,000 $ $ 416,293 $ 6,912,768 $ 6,506,782 6.2% Tax increments - 1,786,339 - - 1,786,339 1,968,519 -9.3% Franchise fee 385,000 - 385,000 770,000 680,000 13.2% Othertaxes 59,000 106,000 - 165,000 165,000 0.0% Special assessments 5,000 - 11,000 16,000 18,000 -11.1% Licenses and permits 289,522 - - 289,522 277,172 4.5% Intergovernmental 1,374,677 57,631 460,000 1,892,308 1,747,001 8.3% Charges for services 48,025 517,800 3,000 4,219,833 4,788,658 4,468,061 7.2% Fines & forfeits 35,750 2,000 - - 37,750 35,750 5.6% Investment earnings 100,000 2,325 7,000 39,400 500 149,225 138,725 7.6% Miscellaneous 329,983 500 - - - 330,483 273,289 20.9% Transfers in 227,457 592,230 1,252,881 45,000 - 2,117,568 2,883,270 -26.6% TOTAL REVENUES $ 9,100,889 $ 3,164,825 $ 2,268,881 $ 4,304,233 $ 416,793 $ 19,255,621 $ 19,161,569 0.5% EXPENDITURES/EXPENSES General Government $ 1,230,090 $ - $ $ $ $ 1,230,090 $ 1,129,587 8.9% Public Safety 4,731,592 10,700 4,742,292 4,414,366 7.4% Streets & Highways 1,106,099 - 1,106,099 955,704 15.7% Sanitation - 32,984 32,984 32,634 1.1% Parks & Recreation 667,328 1,105,698 1,773,026 1,605,339 10.4% Economic Development 525,613 2,129,029 2,654,642 2,724,897 -2.6% Other 178,609 - 178,609 149,579 19.4% Debt Service 84,677 84,677 121,109 -30.1% Capital Outlay - 3,401,856 392,595 3,794,451 4,214,342 -10.0% Transfers out 1,552,881 - - 1,552,881 2,275,000 -31.7% Enterprise Funds - - 6,167,276 - 6,167,276 7,461,458 -17.3% TOTAL EXPENDITURES/EXPENSES $ 10,076,889 $ 3,278,411 $ 3,401,856 $ 6,167,276 $ 392,595 $ 23,317,027 $ 25,084,015 -7.0% NET CHANGES IN FUND BALANCE $ (976,000) $ (113,586) $ (1,132,975) $ (1,863,043) $ 24,198 $ (4,061,406) $ (5,922,446) 2021 2022 2023 2024 $ Increase % Increase GENERAL FUND Actual Actual Budget Budget (Decrease) (Decrease) REVENUES Property taxes $ 5,199,766 $ 5,372,279 $ 5,815,799 $ 6,218,475 $ 402,676 6.9% Franchise fee 335,107 425,517 340,000 385,000 45,000 13.2% Other taxes 89,462 103,063 80,000 87,000 7,000 8.8% Special assessments 1,290 4,637 3,000 5,000 2,000 66.7% Licenses and permits 294,605 374,631 277,172 289,522 12,350 4.5% Intergovernmental 2,078,190 2,068,959 1,254,370 1,374,677 120,307 9.6% Charges for services 42,893 66,961 47,625 48,025 400 0.8% Fines & forfeits 43,311 38,418 33,750 35,750 2,000 5.9% Investment earnings (62,699) (644,642) 90,000 100,000 10,000 11.1% Miscellaneous 353,874 510,113 272,789 329,983 57,194 21.0% Transfers in 182,533 214,008 220,648 227,457 6,809 3.1% TOTAL REVENUES $ 8,558,331 $ 8,533,943 $ 8,435,153 $ 9,100,889 $ 665,736 7.9% EXPENDITURES City Council $ 52,792 $ 55,980 $ 61,935 $ 62,546 $ 611 1.0% Advisory Commissions 37,548 72,258 26,350 32,350 6,000 22.8% City Administrator 311,557 355,819 353,008 382,515 29,507 8.4% Elections 35,743 37,842 37,750 67,280 29,530 78.2% Finance 291,811 302,997 312,450 324,554 12,104 3.9% Central Services 301,375 283,285 338,094 360,845 22,751 6.7% Community Development 466,285 490,280 523,603 525,613 2,010 0.4% Police 3,474,836 3,766,500 3,829,481 4,092,345 262,864 6.9% Fire 620,491 713,669 695,294 723,924 28,630 4.1% Park Maintenance 485,102 491,948 530,653 567,208 36,555 6.9% Forestry 65,004 104,638 78,252 100,120 21,868 27.9% Public Works Admin 121,077 134,727 140,323 195,108 54,785 39.0% Bldgs & Grounds 179,260 189,547 167,230 222,543 55,313 33.1% Veh/Equip Maintenance 129,935 145,059 154,577 165,849 11,272 7.3% Street Pavement Mgmt 203,663 233,785 249,772 265,507 15,735 6.3% Snow & Ice Control 149,384 151,603 171,367 182,527 11,160 6.5% Sign Maintenance 38,601 65,096 72,435 74,565 2,130 2.9% Convention/Visitor Bureau 47,865 57,282 50,350 56,050 5,700 11.3% Other 54,832 64,716 99,229 122,559 23,330 23.5% Debt Service - - - - - N/A Transfers out 1,525,000 775,000 2,275,000 1,552,881 (722,119) -31.7% TOTAL EXPENDITURES $ 8,592,162 $ 8,492,032 $ 10,167,153 $ 10,076,889 $ (90,264) -0.9% NET CHANGE IN FUND BALANCE $ (33,830) $ 41,911 $ (11732,000) $ (976,000) $ 756,000 -43.6% Special Revenue Funds 2024 Budgets Community Lakeside Cable TV Forfeiture EDA Center Park Recycling TIF #6 TIF 47 TIF #5 Total REVENUES Property Taxes $ $ $ 100,000 $ $ $ $ - $ - $ - $ 100,000 Tax Increments - 58,280 1,728,059 1,786,339 Other Taxes 106,000 106,000 Intergovernmental - 25,000 32,631 57,631 Charges for Services - 517,800 - - 517,800 Fines & Forfeits 2,000 - 2,000 Investment Earnings - 300 25 500 1,500 2,325 Miscellaneous - 500 - - 500 Transfers In - 142,230 450,000 - - - 592,230 TOTAL REVENUES $ 106,000 $ 2,000 $ 242,230 $ 968,100 $ 25,525 $ 32,631 $ 58,780 $ $ 1,729,559 $ 3,164,825 EXPENDITURES Personnel Expenses $ 40,820 $ - $ 181,850 $ 673,810 $ 5,765 $ 19,120 $ $ $ $ 921,365 Supplies and Materials 2,700 10,200 350 37,100 2,500 750 53,600 Other Services and Charges 61,484 500 67,024 264,259 17,260 13,114 1,612 553 5,408 431,214 Debt Service - - - - - - 63,997 - 1,716,005 1,780,002 Transfers 5,828 - 86,402 92,230 TOTAL EXPENDITURES $ 105,004 $ 10,700 $ 249,224 $ 975,169 $ 25,525 $ 32,984 $ 71,437 $ 553 $ 1,807,815 $ 3,278,411 NET CHANGES IN FUND BALANCE $ 996 $ (8,700) $ (6,994) $ (7,069) $ - $ (353) $ (12,657) $ (553) $ (78,256) $ (113,586) CITY OF MOUNDS VIEW Debt Service Fund (506) BUDGET 2024 Revenues: Property Taxes 416,293 Investment earnings 500 Total revenues 416,793 Expenditures: Principal 260,000 Interest 130,370 Paying Agent Fee 475 Continuing Disclosure 1,750 Total expenditures 392,595 Net increase (decrease) in fund balance 24,198 REVENUES Property Taxes Franchise Fee Special Assessments Intergovernmental Charges for Services Investment Earnings Transfers In TOTAL REVENUES EXPENDITURES Other Services and Charges Capital Expenditures Transfers Capital Project Funds 2024 Budgets Veh/Equip Special Street Park Fund Replacement Projects Improvements Total $ $ $ $ 150,000 $ 150,000 - 385,000 385,000 - 11,000 11,000 - 460,000 460,000 3,000 - - 3,000 1,000 1,000 5,000 7,000 - 602,881 300,000 350,000 1,252,881 $ 4,000 $ 602,881 $ 301,000 $ 1,361,000 $ 2,268,881 $ - $ - $ 220,000 $ - $ 220,000 175,000 244,000 1,410,000 1,279,856 3,108,856 - 73,000 - - 73,000 TOTAL EXPENDITURES $ 175,000 $ 317,000 $ 1,630,000 $ 1,279,856 $ 3,401,856 NET CHANGES IN FUND BALANCE $ (171,000) $ 285,881 $ (1,329,000) $ 81,144 $ (1,132,975) OPERATING REVENUES Charges for Services TOTAL OPERATING REVENUES OPERATING EXPENSES Personnel Expenses Supplies and Materials Other Services and Charges Contingency Capital Expenditures TOTAL OPERATING EXPENSES NET OPERATING INCOME (LOSS) NON -OPERATING REVENUE (EXPENSE) Investment Earnings Debt Service Enterprise Funds 2024 Budgets Sanitary Street Storm Water Sewer Lighting Water Total $ 1,538,244 $ 2,115,806 $ 116,814 $ 448,969 $ 4,219,833 $ 1,538,244 $ 2,115,806 $ 116,814 $ 448,969 $ 4,219,833 $ 561,390 $ 529,970 $ 26,040 $ 194,920 $ 1,312,320 92,752 37,422 1,000 26,164 157,338 615,557 1,515,930 101,850 180,676 2,414,013 15,000 15,000 - - 30,000 600,000 530,000 - 290,000 1,420,000 $ 1,884,699 $ 2,628,322 $ 128,890 $ 691,760 $ 5,333,671 $ (346,455) $ (512,516) $ (12,076) $ (242,791) $ (1,113,838) 2,000 20,000 1,400 16,000 39,400 (434,148) - - - (434,148 TOTAL NON -OPERATING $ (432,148) $ 20,000 $ 1,400 $ 16,000 $ (394,748) TRANSFERS AND OTHER FINANCING SOURCES (USES) Transfers In - - - 45,000 45,000 Transfers (183,258) (153,258) (3,309) (59,632) (399,457) TOTALTRANSFERS AND OTHER $ (183,258) $ (153,258) $ (3,309) $ (14,632) $ (354,457) REVENUES OVER (UNDER) EXPENSES $ (961,861) $ (645,774) $ (13,985) $ (241,423) (1,863,043) ADD BACK Capital Expenditures 600,000 530,000 290,000 1,420,000 Debt - Principal 355,000 - - 355,000 NET INCOME (LOSS) $ (6,861) $ (115,774) $ (13,985) $ 48,577 (88,043)