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HomeMy WebLinkAboutCity Council - 04/21/2009 - Workshop APPROVED MINUTES CITY COUNCIL WORKSHOP & OPEN PODIUM TUESDAY,APRIL 21, 2009 CITY CENTER 5:00—6:25 PM, HERITAGE ROOM II 6:30—7:00 PM, COUNCIL CHAMBER CITY COUNCIL: Mayor Phil Young, Council Members Brad Aho, Ron Case, Jon Duckstad, and Kathy Nelson CITY STAFF: City Manager Scott Neal, Police Chief Rob Reynolds, Fire Chief George Esbensen, Public Works Director Eugene Dietz, Community Development Director Janet Jeremiah, Parks and Recreation Director Jay Lotthammer, Communications Manager Joyce Lorenz, Assistant to the City Manager Michael Barone, City Attorney Ric Rosow, and Recorder Lorene McWaters Heritage Room H I. 2008 FINANCIAL RESULTS Sue Kotchevar presented a PowerPoint on 2008 financial results. She said the City Council will consider a motion approving transfers at their regular meeting. The audit process and financial statements are being finalized and the auditor will make a presentation to the City Council on May 19. General Fund Kotchevar reported 2008 General Fund Results are as follows: Revenues 38,368,960 Expenses 36,740,000 Transfer to Facilities Internal Service Fund 750,000 Transfer to Capital Improvement Fund 94,044 Revenue Less Expense 784,916 Kotchevar said the $784,916 (Revenue less Expense) will be added to the fund balance. This allows $750,000 to remain in the fund balance for the 2009 budget the City Council adopted in December. Capital Improvement Maintenance Fund (CIMF) Kotchevar said the CIMF is the fund in which liquor profits, tax levy, and other revenue sources are accumulated to pay for projects without other funding sources. Kotchevar reported 2008 CIMF results are as follows: City Council Workshop April 21,2009 Page 2 Pavement Capital Imp.Maint.Fund CIMF Mana.-ement Trails Total Revenues Misc.Revenue 560,473 560,473 Liquor Transfer 834,884 834,884 Tax Levy 275,515 275,515 Market Value Homestead Credit 228,184 228,184 Interest Income 359,477 47,920 7,397 414,794 Transfer In 1,000,000 185,000 1,585,000 Total Revenue 2,258,533 1,447,920 192,937 3,898,850 Expense Projects 2,276,002 1,089,306 232,793 3,598,101 Transfer Out 1,660,000 1,660,000 Total Expense 3,936,002 1,089,306 232,793 5,258,101 Revenue Less Expense (1,677,469) 358,614 (40,396) (1,359,251) CIMF Cash Balance is as follows: CIMF 7,308,309 CIMF—Trails 146,785 CIMF-Pavement Management 1,695,006 Total 9,150,000 Kotchevar provided two CIMF projections, one based on a $1 million levy and one based on a $650,000 levy. Both scenarios assume $900,000 in annual liquor revenues and a calculated interest rate of 2.5 percent. Under the $1 million scenario, the fund will have about$1 million remaining in 2015. Under the $650,000 scenario, the fund will be depleted by 2015. Capital Improvement Program(CIP) CIP program expenses for 2008 totaled $14,983,620. Utility perations Water usage for 2008 decreased from 3.6 billion gallons in 2007 to 3.3 billion gallons. Sales revenue was $9,433,254, which represents a 6 percent increase. The increase is due to a rate increase of ten cents per 1,000 gallons of water and five cents per 1,000 gallons for sewer. Irrigation revenue increased about$500,000 due to an increase in the rate of one dollar. Storm Utility perations The storm utility rate for residential customers increased from$3.00 to $4.00 per quarter and the rate for commercial customers increased 33 percent. Sales totaled $800,033, which represents a 35 percent increase. Operating expenses totaled $881,522. Liquor Operations Liquor sales totaled $10,987,111 for a 4.8 percent increase. Net income was $1,063,146. City Council Workshop April 21,2009 Page 3 Discussion Council Member Case said he has heard that the State is looking at cities' fund balances and may consider tapping into those balances as a revenue source. He asked how our balances compare to other cities. Kotchevar said Eden Prairie's fund balances are medium to high compared to other cities,but they are not out of the ordinary. Council Member Duckstad asked Kotchevar to provide detailed information on the City's debt level at a future meeting. He suggested devoting a workshop to the topic. Kotchevar said staff has modified the budget to push some maintenance projects out a few years to flatten the level of debt the City will see in 2010 and 2011. Kotchevar said these are projects that can be deferred without negative long term impacts. II. DEVELOPMENT REVENUE UPDATE City Manager Scott Neal gave an update on development and permitting revenues. He presented graphs comparing the number of development permits issued by month from 2004 through 2008. For most of 2008, the number of permits issued followed the typical pattern the City saw from 2004-2007;however, in the last quarter of 2008 the number of permit applications dropped significantly and has not rebounded. Development revenue for 2009 has remained flat at a little over$50,000 per month. City Building Inspector Kevin Schmieg said that the City usually sees a spike in permit applications in April/May and September/October though the ranges can vary significantly from year to year. Schmieg said inspections staff is receiving a lot of questions about home remodeling,but so far has not experienced an uptick in permit applications. Community Development Director Janet Jeremiah said there are several large development projects slated for 2009 that are on hold due to "upside down" financial markets. It is possible some of these projects could begin construction this year. Neal said the voluntary early retirement and reduced work schedule options offered to employees in March generated some interest,but not enough to cover the $300,000 in staffing reductions needed to help balance the 2009 budget. Neal will work with department managers to develop a proposal that will likely include staff reductions. This plan will be presented to the City Council on May 19. Council Chamber II. OPEN PODIUM 1. Linda Biemert Biemert appeared with two other members of her townhome association, which is near the Eden Prairie Senior Center. She said a tree growing on City property fell onto the townhome's property in August 2008. She said she has spoken with several City staff members about who should be responsible for paying for removal of the fallen tree. It is the City's position that it is the responsibility of the property owner City Council Workshop April 21,2009 Page 4 whose property the tree fell onto. The townhome association believes it is the City's responsibility. Mayor Young asked City staff to review the issue and make a final determination on whether or not the City is liable for costs. 1. Dan Wick of Congressman Erik Paulsen's Office Wick said he works in Congressman Paulsen's Eden Prairie Community Outreach Office. He said their office can help local residents with a variety of things, including passport issues, flag requests and grant applications. He distributed business cards with Congressman Paulsen's contact information. III. ADJOURNMENT