CC PACKET 09222015 - Laserfiche WebLink

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• Impact of a reduction in liquor profits available for transfer was phased in through the use 1 of one time fees and fund balance. 2 3 The HRA budget and Levy contains cost drivers similar to the general fund. Conversely this fund 4 does not have the same resources and transfers available in order to offset cost drivers. The 5 proposed Levy increase for the HRA is 5.56% or $7,388. 6 7 The 2016 Debt Related Levies are proposed to increase by a combined 1.87% increase over the 8 2015 combined levies. The $43,537 increase represents a 0.75% increase to the Overall Levy. A 9 debt levy reduction program (Peak to Plateau) began in 2014 to stabilize the annual increase in 10 levies created the annual street reconstruction plan. Without the use of resources committed to 11 this program the impact of 2015 street bonds issued along with existing debt service 12 requirements would have required a 5.05% increase in the Overall Levy. 13 14 The 2016 Capital funds Levies are proposed to increase by a combined $103,990. This increase 15 is part of the phase-in plan to recognize the liquor transfers are estimated to be $146,395 less 16 than 2015. The phase-in approach uses of one time fees and fund balance. The impact of the 17 Capital levies increase is eased by phase-in approach used within the General Fund Levy. 18 19 Staff will continue to seek Grants and Donations from Federal, State and private sources to help 20 offset the cost of operations and capital equipment. 21 22 The final presentation of the 2016 General Operating Budget and Property Tax Levy is 23 scheduled for the December 8th, 2015 Council Meeting. At the meeting, Staff will present a recap 24 of the 2016 General Operating Budget and the impact of the 2016 Property Tax Levy. 25 26 The General operating budget totals $6,939,342. Personnel costs are up 2.92% and are 73% of 27 General fund expenditures. Liquor operations transfers reduced by $146,395 and initiate a 28 building improvement levy of $73,000 in lieu of liquor transfer. Increase CIP levy by $30,990. 29 Increase in all levies totals $219,075 or 3.76%. 30 31 Since 1999 to date the City has received $19,405,122 in Grants and donations from local 32 businesses/residents. 33 34 Councilmember Stille asked if anything had changed since the last presentation on August 25, 35 2015 and Ms. Rueckert stated it has not changed. 36 37 Mayor Faust stated money is spent on infrastructure. He includes people as part of 38 infrastructure. This will pay off in the long run for future residents. 39 40 Mayor Faust closed the public hearing at 7:22 p.m. 41 42 Motion by Councilmember Stille, seconded by Councilmember Brever, to adopt Resolution 15-43 054 a resolution Setting the Proposed 2016 Tax Levy and General Operating Budget for the City 44 of St Anthony Village. 45 Motion carried unanimously. 46 5