HomeMy WebLinkAboutCity Council - 12/01/2003TRTJTH-IN-TAXATION HEARING AGENDA
EDEN PRAIRIE CITY COUNCIL
MONDAY, DECEMBER 1,2003 7:OO PM, CITY CENTER
Council Chamber
8080 Mitchell Road
CITY COUNCIL: Mayor Nancy Tyra-Lukens, Councilmembers Sherry Butcher, Ron Case,
Jan Mosman, and Philip Young
CITY STAFF: City Manager Scott Neal, Parks & Recreation Director Bob Lambert, Public
Works Director Eugene Dietz, City Planner Michael Franzen, Finance Director Sue Kotchevar,
City Attorney Ric Rosow and Council Recorder Theresa Brundage
I.
11.
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
ADJOURNMENT
OVERVIEW OF 2004 PROPOSED BUDGET AND TAX LEVY
2004 BUDGET
City Council Presentation
December 1,2003
Overview
= Budget Summary and Objectives . Levy Limits
Budget
General Fund
Enterprise Funds
Council Discussion
Summary . General Fund Budget - $31.5 M . Property Tax Levy
= General Fund - $23.9 M
= Debt Service - $2.1 M . Total Property Tax Levy
.$26Mvs.$25.5M . 1.9% increase over 2003
1
Tax Impact Median Value Home . City Property Tax
= Median Value Home - $287,800
Increase $43 or 4.9%
T~x - $930
= Total" Tax Increase - $134 or 4.1%
Indudes Hennepin Co.. ISD 272. Ci, and mer
I
I I Objectives/Accomplishments . Develop/lmplement a Balanced Budget . Maintain Current Service Levels
Comply with Tax Legislation . Maintain Aaa Bond Rating . Continue Funding the Capital
= Plan/Budget for Fire Station W
Improvement Plan
Levy Limits
Change in Levy Limit Calculation
Market Value Homestead Credit will not be
Funded by the State for 2004 . Local Governmental Aid Eliminated
2
City Property Tax
2002103 2003104
Residenfal - 12% Average Taxable Value Increase
m Apartments - 10% Average Taxable Value Increase
Commercial - 2% Average Taxable Value Decrease
Diff. %Chg.
2002103 2003104
Res. ($287,800) $3,269 $3.403
I ., .- .. .
Diff. %Chg.
$134 4.1%
Aparl ($5M)
Comm. ($2M)
$86.246 $74,240 ($12,006) (13.9%)
$74.204 $70.736 ($3,468) I (4.7%)
'Indudes Hennepin Co., ISD 272, Cis and Other
Property Tax Distribution*
3
General Fund Revenues*
2003
Adjust
2w4 Dilf. achg.
Pmp.
I Taxes I 23.5711 24.081 I 5101 22%1
~ ~~ Community Development
Parks & Recreation
Police
Are
lLicenses&PermiLs I 2.870) 3.1681 2981 10.4%1
1,412 1,495 83 5.8%
4,935 5,063 128 2.6%
6,879 7.330 451 6.6%
2,171 2,366 195 9.0%
1Intemovem.Rev I 751 I 8371 861 11.5%1
ChargsforServices I 2,1691 2,1051 (64)l (2.9%)
OthW I 1.4571 1.1071 135011 (24.0%)
I Transfer In I 701 2151 1451 207.0%1
I Total I 30.8881 31.5131 6251 2.0%1
'=Amounts in thousands
General Fund Revenues
General Fund Expenditures*
I I 2003 I 2004 I Dilf. I %Chg. I 1 Adjust I Prop. I
ORice of the City ManageP I 7,195 I 7,244 I 49 I .7%
~ Public Works I 4,5771 4,7161 1391 3.0%
Sub-total Operations I 27.169 128.214 I 1,045 I 3.8%
4
Transfer to CIP
.. I I I I I 2,1951 2.0931 (102)l (4.6%) I Total I 30,8881 31,5131 6251 2.0%1
1 General Fund Expenditures
Monthly Cost of City Services
Office of the City Manager
Community Development
Parks & Recreation
Police
Fire
Public Works
Transfer to CIP
VehicleslEquip.
Debt
Total
$17.81
3.68
12.45
18.03
5.82
11.60
1.23
I .73 - 5.15
$77.50
5
Utility Fund Objectives
Maintain Financially Stable Rate Structure
& Retained Earnings
n Review Utility Rates Annually
No Rate Increase for 2004
Meet or Exceed Safe Drinking Water
Standards
Oper. Rev.
I
2003 I 2004 I % Chg.
7,796 I 7,758 I 0.0%
Utility Fund Budget . Increase Transfer to the General Fund
Oper. Exp. 1 7,0741 6,7461 (4.6%)
Transfer Out I 60 I 200 1233.0% I INetlncorne I 5111 5301 3.71
Liquor Enterprise Objectives
Eden Prairie Municipal liquo& mission is to be the premier liquor operation in the State. In doing so, Eden Praine liquors’ will meet citizen’s expectations by:
= Controlling the sale of alcoholic beverages
= Maxim’ing profitabili to help fund the City‘s Capital Improvementkogram
Providing superior customer service
6
Liquor Fund Budget
= Maintain Transfer to CIP I I I 2003 I 2004 I % Cha. I
Sales
Oper. Exp. I 1,420 1 1,410 I (.7%
Transferout I 6901 7481 8.4%
Summary
General Fund Budget - $31.5 M
8 General Fund - $23.9 M
Debt Service - $2.1 M . Total Property Tax Levy
$26 M vs. $25.5 M
1.9% increase over 2003
. Property Tax Levy
Tax Impact Median Value Home
= City Property Tax
Median Value Home - $287,800
m Increase $43 or 4.9%
Total* Tax Increase - $1 34 or 4.1 %
T~x - $930
'Indudes Hcnncpin Co.. ISD 272, Ct. and Olhsr
7
Council Discussion
General Fund
= Revenues
= bpenditures . Tax Impacts . Enterprise Funds
8