CC MINUTES 12112018 - Laserfiche WebLink

Home Browse Search

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