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<br />MEMORANDUM
<br />DATE: November 25, 2009
<br />TO: Mayor and Councilmembers
<br />FROM: Mike Mornson, City Manager
<br />Roger Larson, Finance Director
<br />ITEM: PROPOSED 2010 OPERATING BUDGET
<br />Overview:
<br />As directed by the City Council, the 2010 Budget was prepared with a 0% increase in the
<br />general operating levy (the 2010 levy of $2,945,511 is the same as the 2009 levy).
<br />Based on Council direction, Staff is presenting a proposed 2010 Operating Budget
<br />totaling $5,283,400. This represents a $58,700 dollar increase or 1.12% increase from
<br />the 2009 budget. The budget was prepared using the following criteria:
<br />1) 0% increase in the general operating levy.
<br />2) 0% increase in salaries.
<br />3) Health Insurance:
<br />A. Employer health insurance contribution for family coverage
<br />increased by $100.00 per month.
<br />4) Offsetting the loss of Market Value Credit.
<br />A. Eliminated or deferred capital equipment = $86,800.
<br />B. Increased liquor transfer to the General Fund.
<br />The State Legislature approved Levy limits for 2009, 2010 and 2011. The Minnesota
<br />Department of Revenue set St. Anthony's levy limit at $2,982,551. The zero percent
<br />increase in the levy is $37,040 less than the maximum levy allowed by the State.
<br />The proposed 2010 capital equipment budget totals $313,200 and moving forward will be
<br />the amount of the annual funding available for capital equipment purchases. This budget
<br />was reduced a total of $86,800 from previous years by eliminating or deferring purchases
<br />to future years.
<br />The transfer from Liquor Operations will continue to be $400,000 with $291,800 going to
<br />the General Fund and $108,200 dedicated for capital equipment funding.
<br />Review of the uronosed 2010 levies:
<br />$4,601,937 $4,789,445 $187,508
<br />2009
<br />2010
<br />Change
<br />➢
<br />General Fund Budget
<br />$2,945,511
<br />$2,945,511
<br />$ -0-
<br />0 -
<br />Road
<br />Road Improvement Levy
<br />$1,059,596
<br />$1,246,414
<br />$186,818
<br />➢
<br />Lease Revenue Bonds
<br />$ 399,536
<br />$ 403,263
<br />$ 3,727
<br />➢
<br />Housing and Redevelopment (HRA)
<br />$ 110,500
<br />$ 110,500
<br />$ - 0 -
<br />➢
<br />Tax Abatement (Central/Emerald)
<br />$ 79,294
<br />$ 76,257
<br />($ 3,037)
<br />➢
<br />PERA Rate Levy
<br />7,500
<br />$ 7,500
<br />$ - 0 -
<br />$4,601,937 $4,789,445 $187,508
<br />
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