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City Council Regular Meeting Minutes December 11, 2018 Page 2 Budget for the City of St. Anthony Village. 1 2 Mayor Faust opened the public hearing at 7:03 p.m. 3 4 Finance Director Shelly Rueckert reviewed at the September 11, 2018 City Council meeting a 5 public hearing was held setting the preliminary 2019 property tax levy and the 2019 General 6 Fund Budget. City Staff is reaffirming the preliminary 2019 property tax levy established at 7 $7,311,453. The 2019 levy represents an increase of $461,442 or a 6.73% increase from 2018. 8 9 Ms. Rueckert reviewed the 2019 Budget Calendar. The Budget Parameters are City revenues 10 budgeted using current run rates for sources that are subject to trends and conservative baseline 11 estimates for re-occurring aids and charges for services; expenses budgeted at amounts that will 12 maintain present level of City services; and liquor transfers are based on current operating 13 results. The General Fund and Levy, Overall Levy by Fund Type, 2019 General Fund Revenues, 14 and 2019 General Fund Expenditures were reviewed. 15 16 The 2019 Budget Cost Drivers include personnel costs which amount to $69.4% of expenditures 17 with overall costs increasing $161,503 or 3.34%. Contracted services are 7.7% of expenditures, 18 overall costs up $59,635. Property and liability insurance costs are 4.1% of expenditures, overall 19 higher by $55,601. Pass through costs are 4.4% of expenditures with costs up $30,599. The 20 remaining budget line items combined total $1,016,868 or 14.1% of expenditures, net costs up 21 $41,347 includes costs for communications, fuels, general repairs and maintenance, insurance 22 deductibles, road maintenance, supplies, training, utilities, etc. 23 24 Other factors that are included in the 2019 Budget are transfer of liquor operating profits 25 maintained at the 2018 level and funding for initiatives in areas of collaborative reform, equity, 26 property resource and sustainability. 27 28 Ms. Rueckert reviewed the 2019 Property Taxes and 2019 Property Tax Distribution along with 29 the distribution of City Taxes. She noted the General Fund Supports City Services. The 2018A 30 G.O. Bonds issued were for 2018A Street and Utilities Improvement - $2,610,000. This includes 31 the areas of Foss Road, 37th Avenue to Chandler Drive, Highcrest Road 37th Avenue to Mirror 32 Lake and Maclaster Drive 37th Avenue to the Railroad tracks. The average homeowner pays 33 $55.74 monthly for road, utility, parks and facility improvements. The overall levy increase 34 without DLR is 13.12% and with debt levy relief is 6.74% increase. 35 36 Ms. Rueckert provided a summary of the 2019 budget. General fund operating budget totals 37 $7,210,904; personnel costs represent 69.4% of General Fund expenditures; insurance 38 expenditures up $55,601, contracted services up $59,635, no reduction in liquor transfer, 39 established funding for initiatives $40,000, capital funds levies increased by $30,000, and 40 increase in all levies totals $461,442 or 6.74%. 41 42 Councilmember Randle asked about union dues and whether they are paid by the union member. 43 Ms. Rueckert stated that is specified in each union contract. 44 45 46 2