CC PACKET 01102017 - Laserfiche WebLink

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City Finance Director Shelly Rueckert reviewed at the July 29, 2016 work session, the City 1 Council and Staff reviewed the 2017 Road Improvements and 2017 Debt Levy. The 2017 2 Preliminary Levy and 2017 General Fund Budget were reviewed at the August 1, 2016 work 3 session. The 2017 – 2033 Capital Improvement Budgets were reviewed at the October 31, 2016 4 work session. Public meetings were held April 26, 2016, August 23, 2016, and September 13, 5 2016, for public input on the budget process. Ms. Rueckert reviewed the 2017 Budget 6 Parameters: 7 • City revenues budgeted using current run rates for sources that are subject to trends and 8 conservative baseline estimates for re-occurring aids and charges for services. 9 • Expenses budgeted at amounts that will maintain present level of City services. 10 • Liquor transfers are based on current operating results (phased in adjustment completed 11 in 2017 levy period). 12 13 Ms. Rueckert reviewed the General Fund Levy, Levy Increase by Fund Type, 2017 General 14 Fund Revenues and 2017 General Fund Expenditures. The 2017 Budget Cost Drivers included 15 personnel costs, contracted services, property and liability insurance costs, pass through costs, 16 remaining budget line items combined and revenue reductions in tax, increment collections, fund 17 transfers, and reimbursed costs for an overall reduction of $88,894. The 2017 Proposed Levies, 18 Taxing Jurisdictions in St. Anthony, 2017 Property Tax Distribution, Property Taxes 2017, 19 Distribution of City Taxes, and Issuance of Debt/Levy Impact were presented. The General Fund 20 Levy supports Administration, Police, Fire, Public Works, Finance and Parks. The 2017 average 21 homeowner will pay $948.84 (for a home valued at $260,000) for the General Fund Levy. The 22 Grants/Donations – Partnerships were reviewed. Since 1999 the City has received $31,627,561 23 in grants/donations – partnerships. 24 25 Ms. Rueckert presented a summary of the 2017 Budget: 26 • General fund levy totals - $3,573,493 27 • Personnel costs up 2.22% - 72% of General Fund expenditures 28 • Increased CIP levy by $152,210 – Planned transition of liquor transfer - $77,210, added 29 support for equipment replacement - $75,000 30 • Increase in all levies totals $399,973 or 6.61% 31 32 Councilmember Stille asked City Manager Casey about the Issuance of Debt/Levy Impact slide 33 where the sidewalk on south side of 37th Avenue from Stinson Boulevard NE to Highcrest Road 34 was mentioned. It was noted these funds were borrowed. Mr. Casey stated the bids received were 35 not satisfactory and rejected. The plan is to go out for bids in January when the monies will be 36 used once the contracts are awarded. 37 38 Mayor Faust closed the public hearing at 7:17 p.m. 39 40 Motion by Councilmember Stille, seconded by Councilmember Gray, to approve Resolution 16-41 089; a Resolution setting the Final 2017 Tax Levy and General Operating Budget for the City of 42 St. Anthony Village. 43 44 Motion carried 5-0. 45 46 2