HomeMy WebLinkAboutCity Council - 12/04/2000'I'RUTB-IN-TAXATION HEARING AGENDA
EDEN PlUlRJE CITY COUNCIL
MONDAY, DECEMBER 4,2000 7:OO PM, CITY CENTER
Council Chamber
8080 Mitchell Road
CITY COUNCIL:
Mayor Jean Harris, Councilmembers Sherry Butcher, Ronald Case, Ross Thorfinnson, Jr., and
Nancy Tyra-Lukens i
CITY COUNCIL STAFF:
City Manager Chris Enger, Commdty Development and Financial Services Director Don Urm,
Parks & Recreation Services Director Bob Laxnbert, Public Safety Director Jim Clark, Public
Works Services Director Eugene Dietz, Management Services Director Natalie Swaggert, and
Council Recorder Lorene McWaters I.
I.
II.
111.
IV.
V.
ROLL CALL/CALL THE MEETING TO ORDER
PLEDGE OF ALLEGIANCE
PUBLIC HEARING
A.
B. PUBLIC COMMENT AND DISCUSSION
CLOSE OR CONTINUE PUBLIC HEARING
OVERVIEW OF 2001 PROPOSED BUDGET AND TAX LEVY
ADJOURNMENT
MEMORANDUM
TO: Mayor and City Council
Chris Enger, City Manager
FROM: ' Don Uram, Financial Services Director
DATE: December 1,2000
SUBJECT: 2001 Proposed Budget
Staff has prepared two documents for Council review prior to the Truth in Taxation hearing
scheduled for Monday, December 4,2000 at 7:OO p.m. These documents are the:
0
0 2001 Proposed Budget Detail.
2001 Proposed Budget Summary and;
The 2001 Proposed Budget Summary includes:
Tax Rate Proiections - Summarizes the tax impacts on residential, apartment and
commercialhdustrial properties for each of the taxing jurisdictions (City, SWMT, and Total).
Based on a median home value of $202,400, the City portion of the tax would increase fiom $686
to $709 or 3.27%. To put this into perspective, a 1% change in the tax impact affects the City's levy
by about $186,000. Overall, the net tax on the median value home would decrease from $3,561 to
$3,467.
Propertv Tax Distribution - A chart showing the v&ous taxing jurisdictions and the dollar amount
and percentage of the overall tax bill for each. Of the total, the City's share is 20.4%.
2001 Proposed Budget - A spreadsheet showing revenues and expenditures by major category since
1998. The City's proposed 2001 Budget shows an increase over the 2000 Budget by $1,943,246 or
6.8%. This increase is due primarily to the following:
Employee Benefits
Transportation Levy
Fire Station No. 1 Debt Service
Service Area Miscellaneous
Fuel Costs
$918,000
400,000
325,000
250,000
50,000
$1,943,000
Mayor & City Council
December 1,2000
Page 2
Monthly Cost of City Services -Details the monthly distribution of the City tax on the median value
home by Service Area and other major categories. Monthly costs of operations increase fiom $49.58
in 2000 to $50.69 in 2001. This is an increase of $1.11 or 2.24%. At the end of October, inflation
was estimated at about 3.4%. Overall costs increase fkom $56.33 to $59.08, or 4.88%.
2001 Budget Adjustments - Details the changes in the 2001 budget fiom what was approved for 2001
in December, 1999, as part of the two-year budget process to what is currently being recommended.
Operationally, the change fiom the original to the proposed is $231,550 or less than 1%.
Utility Fund Budget - Budgets are included for each division including water, sewer and storm
sewer. Overall, staff is projecting a net income of $796,736.
Liquor Fund Budget - For 2001, staff is projecting overall sales totaling $7,650,000. This is an
increase of $524,900 or 7.4% over 2000. Net income is projected to increase,fiom $604,623 in 2000
to $730,065 in 2001.
The 2001 Proposed Budget detail includes line item detail for each division by Service Area.
\\EP_FSl\SYS\CITYWIDE\Finance\URAM\DON\Ml Proposed Budget.doc