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2003-12-01BPLEASE TURN OFF ALL CELL PHONES & PAGERS IN COUNCIL CHAMBERS. AGENDA MOUND CITY COUNCIL SPECIAL MEETiN~7 MONDAY, DECEMBER 1, 2003 - 7:00 PM MOUND CITY COUNCIL CHAMBERS OPEN MEETING - CALL MEETING TO ORDER TRUTH IN TAXATION PRESENTATION AND PUBLIC HEARING ADJOURN ,,,..% GENERAL FUND SUMMARY OF REVENUES AND EXPENDITURES REVENUE GENERALPROPERTYTAXES INTERGOVERNMENTALREVENUE LICENSES NON-BUSINESS LICENSES & PERMITS GENERAL GOVT. CHARGES OTHER REVENUE INTERFUND TRANSFERS/BONDS TOTAL REVENUE EXPENDITURES 200'1 2002 2003 ACTUAL ACTUAL APPROVED. 2004 2OO4 .REQUESTED PROPOSED 1,480,196 2,102,857 2,297,070 2,227,510 2,227,510 -3.03% 963,197 661,365 502,930 368,200 368,200 -26.79% 7,425 8,405 6,930 9,150 9,150 32.03% 283,962 369,244 263,250 373,550 373,550 41.90% 152,926 169,785 180,340 440,700 440,700 144.37% 344,469 262,719 242,650 272,900 272,900 12.47% 490,432 139,694 14,000 14,000 14,000 0.00% 3,7221607 31713,869 3,507,170 3,706,010 3,706,010 5.67% CITY COUNCIL 80,944 83,643 75,990 73,850 72,850 -4.13% PROMOTIONS 4,000 0 3,750 3,750 3,750 0.00% CABLE T.V. 60,059 44,926 50,000 50,000 50,000 0.00% CITY MANAGER/CLERK 202,360 237,829 257,150 276,900 276,900 7.68% ELECTIONS & REGISTRATION 179 11,711 1,080 13,460 13,460 14.93% ASSESSl NG 78,159 78,037 79,630 79,300 79,300 -0.41% FINANCE 188,326 198,392 215,100 234,070 234,070 8.82% COMPUTER 77,830 29,674 28,640 29,900 29,900 4.40% LEGAL 117,985 122,993 135,550 135,580 135,580 0.02% POLICE 1,072,927 1,075,982 1,260,850 1,393,540 1,301,340 3.21% EMERGENCY PREPAREDN ESS 9,347 6,540 7,130 7,130 7,130 0.00% PLANNING & INSPECTION 289,229 358,705 270,010 365,880 367,880 36.25% STREET 545,041 532,676 671,450 990,610 701,130 4.42% CITY HALL BLDG & SRVS 129,807 87,584 172,650 124,270 124,270 -28.02% PARKS 224,384 281,417 361,130 563,610 351,820 -2.58% RECREATION 42,260 0 0 0 0 ERR CONTINGENCIES 66,649 19,564 44,290 60,440 60,440 36.46% TRANSFERS 206,740 207,840 203,350 256,690 256,690 26.23% TOTAL EXPENDITURES INCREASE (DECREASE) FUND BALANCE, JANUARY 1 ADJUSTMENT TO AUDIT FUND BALANCE, DECEMBER 31 FUND BALANCE AS A PERCENTAGE OF EXPENDITURES: 3,396,226 3,377,513 3.837.750 4.658.980 4,066,510 326,381 336,356 (330,580) (952,971) (360,501) 878,058 1,188,107 1,107,300 1,202,590 1,202,590 (16.332) 8,710 1,188,107 1,533,173 776,720 249,620 842,090 34.98% 45.39% 20.24% 5.36% 20.71% 5.96% 9.05% 8.61% 8.42% NOTE: UNDESIGNATED ONLY IS PART OF FUND BALANCE. CITY OF MOUND TAX LEVY RECAP TAX LEVIES * REVENUE - GENERAL PURPOSES REVENUE - LEASE PAYMENTS 2001A JUDGMENT BOND FIRE RELIEF G.O. IMPROVEMENT 2001C G.O. IMPROVEMENT 2003A G.O. TAX INCREMENT 2003C LEASE EQUIPMENT LOAN PUBLIC WORKS LEVY TOTAL LEVY 2001 2002 2003 PROPOSED 2004 1,947,860 2,252,500 2,373,760 2,528,050 0 0 381,830 389,140 0 23,000 22,560 22,200 33,350 33,350 33,350 33,350 0 0 2,600 5,700 0 0 0 116,440 0 0 0 139,830 0 0 0 87,250 84,590 86,020 ~ ~ 2.065.800 2,394,870 2,814,100 3,321,960 6.50% 18.05% SPECIAL TAXING DISTRICT HOUSING & REDEVELOPMENT AUTHORITY (SPECIAL TAXING DISTRICT) 53,000 53,000 83.000 116,506 *THE 1991 LEGISLATURE CAPPED THE LEVY AMOUNT FOR FIRE PENSION CONTRIBUTIONS AT THE 1991 LEVY AMOUNT. THE 2004 FIRE BUDGET FOR THE CITY OF MOUND CONTRIBUTION TO THE FIRE RELIEF PENSION IS $65,790 THE $32,440 INCREASE FROM 1991 CONTRIBUTION WILL BE FUNDED BY THE GENERAL TAX LEVY. NOTE: THE TRUTH IN TAXATION LEVY NOTICE WILL COMPARE THE 2003 AND 2004 LEVY AMOUNTS AFTER STATE PAID CREDITS. 2002 2003 2004 TOTAL LEVY 2,394,870 2,814,100 3,321,960 CERTI FI ED LEVY 2,394,870 2,814,100 3,321,960 FISCAL DISPARITY (193,000) (233.190) (259,600) NET LEVY 2.201,870 2,580,910 3,062,360 18.05% 18.65% CITY PROPERTY TAX RATE 35.477 36.457 38.467 1,412.00 2003 141,200 1,581.00 2004 158,100 Tax Capacity Value Homestead i State Tax ! 0.001 0.00r 0.001 ERRl "(~Jnty Tax 714.57 746.15[ 3t.58 4.42% City Tax 5'14.82 608.16 93.35 18.13% !~ch ool Tax 463.97 408.14 (55.831 -'12.03% etro Transit 25.23 27.19 1.96 7.77% Watershed 3 17.45 12.13 (5.33~ -30.52% Mound HRA '15.59 2'1.4'1 5.82 37.32% Mosquito Control r 8.01 8.93 0.93 I 1.57% Metro Council i 20.77 19.13 (1.64) -7.90% Park Museum '10.76 12.22 1.46 13.59% i.H__C Reg Railroad 6.71 '11.53 4.82 71.84% Solid Waste 26.8t 29.82 3.00 11.20%~ Hennepin Parks 38.05 41.04 2.99 7.86% i___ Total 1,862.74 1,945.85 83.1'1 4.46% Less MVHC* 245.32 230.11 Net Total 1,617.42 1,715.74 98.32 [ 6.08% 2,000.00 2003 200,000 2,240,00 2004 224,000 Tax Capacity Value Homestead I State Tax i 0.001 0.001 0.001 ERR I County Tax 1,012.14 1,057.17 45.03 4.45% City Tax 729.20 861.66 132.46 18.17% School Tax 657.18 578.26 (78.92) -12.01% Metro Transit 35.74 38.53 2.79 7.80% Watershed 3 24.72 17.18 (7.54) -30.50% Mound HRA 22.08 30.33 8.25 37.36% Mosquito Control 11.34 12.66 1.32 11.60% Metro Council 29.42 27.10 (2.32)I -7.87% Park Museum 15.24 17.32 2.08 13.62% HC Reg Railroad 9.50 16.33 6.83 71.89% Solid Waste 37.98 42.25 4.27 11.23% _ennepin Parks 53.90 58.15 4.25 7.89% Total 2,638.44 2,756.92 118.48 4.49% Less MVHC* 192.40 170.80 Net Total 2,446.04 2,586.12 140.08 [ 5.73%~