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City Council Agenda Packet 09-09-1996 SpecialAGENDA SPECIAL MEETING - MONTICELLO CITY COUNCIL Monday, September 8, 1896 - 6 p n3 - Mayor: Brad Fyle Council Members: Shirley Anderson, Clint Herbst, Brian Stumpf, Tom Perrault Call to order. 1997 proposed budget and tax levy workshop and resolution setting preliminary tax levy. Adjoum. Special Council Agenda - 9/9/96 an" (R.W.) Enclosed you will find summary worksheets outlining the proposed 1997 municipal budget. The worksheets are summarized at this point for Council review, with the exception of the general fund, which has more detailed breakdowns by departments. Along with the general summaries by funds, a summary was prepared which outlines some of the capital outlay expenditures that the staff is proposing for 1997, some of which may vary depending on which alternative the Council selects for the maximum tax levy you wish to propose. While the attached summaries are intended to only give you an overview of the general expenditures and revenues by major categories, funds, and departments, additional detail is available on a line -item basis in a computer-generated worksheet which is available at city hall if anyone would like a copy. In past years, the Council has focused more on the summary for the workshop sessions and the larger categories rather than getting too specific on a line -by-line item basis. In order for the Council to have an idea of some options that could be selected, I prepared three alternatives for discussion purposes that range from a 1.61' decrease in our tax levy to a 3% increase. The three options range in actual dollars collected from being the same as last year to a tax levy that's $137,000 more than last year. Because of the higher market value the city will have next year, if we were to have a budget that equaled the 1996 levy of $2,922,800, we would actually see a reduction in the tax rate from 18.609 down to 18.210. This would amount to the reduction of 1.61%. In each of the alternatives presented for discussion, the main difference in the tax levy is related to the capital improvement revolving fund, which ranges in a tax levy from $378,498 to $515,578, depending on which option is selected. Although changes can be made anywhere in the budget within any department or fund, the easiest alternative at this time to adjust the budget was by simply changing the amount levied in the large capital outlay fund. The next obvious way to reduce the levy would be to target specific equipment or large ticket items that are being proposed as part of each department's budget, which are primarily within the general fund. Option A proposes a tax levy of $2,922,800, which is the same amount of dollars we collected in 1996. As I noted earlier, this levy would actually result in the taxpayer seeing a reduction in their taxes Brom the current 18,509 tax capacity rate down to 18.210. This reduction would be the result of additional valuation that the taxes aro spread amongst. In many of tho Special Council Agenda - 9/9/96 funds, the resulting tax levy to support the expenditures is actually reduced or, in some cases, eliminated entirely under this option. For example, the general fund tax levy would be approximately $6,000 lower than last year, and the tree fund levy has been eliminated for 1997 since the fund has sufficient reserves to handle expenditures without a levy. Another area that has been reduced is our debt service fund for bond payments, which is lower by approximately $42,000 next year. This will likely be a short-term reduction in that current schedules call for an increase in tax levies to support debt by at least $86,000 next year (1998). In addition to this planned increase, we could be seeing a substantial increase in our debt payments because of the wastewater treatment plant, which will have its first tax levy in 1998. At the present time, financing of the wastewater treatment plant could result in our tax levies for debt service to double in the year 1998 simply because a $10 million wastewater treatment plant will likely require $600,000 to $700,000 in annual tax levies to retire the debt. Under Option B, the actual dollars collected under the tax levy would be 3% higher than 1996 at $3,010,484. While this is a 3% increase in dollars collected, it's only a 1.33' increase in actual tax capacity rate which a homeowner or business would see. Under this option, the only change is occurring in the capital improvement revolving fund whereby an additional $87,684 is proposed as a tax levy to be used for future major expenditures such as Chelsea Road realignment cost, Highway 25 improvement cost, County Ruud 118/1.94 interchange wst, ur other items that will need substantial local funds. Under Option C, the tax levy would be increased by $137,080 over last year to a new total of $3,059,880. This would be a 376 increase in the tax capacity rate but would result in a 4.6976 increase in actual dollars collected. Again, the additional tax levy was simply earmarked for the capital improvement revolving fund, bringing this tax levy to $515,678. It is assumed under this option that the Council would simply set aside more funds in reserve to start saving up for some of the major expenditures we will be faced with. In addition to some of the ones previously mentioned, others could include expansion of city hall, the extension of Chelsea Road westerly to County Road 39, downtown redevelopment activity including land acquisition and/or demolition, numerous city park developments or improvements including now parks that will likely occur in River Mill, lGoin Farms, or simply renovation of the existing Bridge Parks. Some areas within the budget that should be highlighted or aro noteworthy include the following: An additional $26,000 was included in the parks department budget under parttime salaries to basically double the amount of funding available for summer help within our parks Special Council Agenda - 9/9/96 department. This is a request of the Parka Commission members who feel the City needs to address additional manpower to adequately maintain our expanding park system, including pathways and park development. It should be noted that funding was simply placed within the part-time category while there may be other options available to increase the work force. One concern I would have is by simply doubling the number of part-time individuals we hire during the summer, problems could exist in that we may not have enough personnel to adequately manage or supervise the increased workers. An additional $35,000 plus benefit cost was also included under planning and zoning department within the general fund to cover the cost of adding an additional employee to work in planning and zoning. If the City Council determines that an additional employee is not warranted, the funding would still be necessary to cover the additional cost of outside consultants to keep up with the planning and zoning issues that are now being delayed or neglected. Current staffing does not seem to be adequate to keep up with the general issues of enforcement, development issues, and other planning and zoning related rrwtters that need to be dealt with on a daily basis in a growing community. The recent involvement of the Parks Commission, the general integration of the HRA and park committees in planning, the growing orderly annexation issues including revisions that are necessary to the urbanization plan, along with more and more involvement by City staff in the Monticello Community Partners program have only compounded the need for additional outside consultant services or additional staff to work on some of these issues. A request has been presented by the Monticello Community Partners (MCP) organization requesting City Council inclusion of $35,000 in our annual budget to help fund their program in 1997. As noted earlier, more and more of the staffs time is evolving in the MCP from secretarial requests to Jeffs time as a board member on the MCP. Although the budget impact is small in 1997, an additional $5,000 was included in the data processing budget as the additional cost for 6 months' lease of a now main frame computer. Our existing computer hardware is now 6 years old, and it is anticipated that we will have to replace the equipment by the year 2000 because of the difficulty in upgrading the system to meet our needs. An option we may want to consider when replacing our hardware is to simply lease the computer, Special Council Agenda • 9/9/96 which would allow us more flexibility in upgrading in the future when new improvements are available rather than being tied into a particular piece of equipment that is likely to be soon outdated. In the building inspection department within the general fund, additional funds were included for the equivalent of a half-time secretarial position to help out in that department. Due to the expanding number of permits and paperwork that is associated with the building inspection department, additional help will be needed soon. Also included in this budget are funds for a second vehicle for this department. As part of the HRA budget, the HRA is proposing to reimburse the general fund $76,000 in 1997 to cover HACA losses the City may or has incurred because of tax increment financing. While the HRA cannot directly reimburse these funds, they are suggesting that half, or $37,600, of this amount be used for public improvements that would normally be budgeted within our general fund. A suggestion was to use these funds for the upcoming Chelsea Road realignment cost that the City may incur. The HRA is also requesting that the City Council consider setting aside the second $37,600 to be used for the acquisition of a future city industrial park. The HRA firmly believes that the City or HRA or a combination of both will eventually need to own and control an industrial park if we are going to be competitive with surrounding communities in attracting industry. The HRA has noted that if the City is willing to set aside the $37,600 toward this goal, the HRA would match this amount with an additional $37,600 from their reserve funds. In addition to the $76,000 reimbursement noted above, the HM is also proposing to make available another $116,000 of surplus funds they have accumulated to be used by the City for general public improvements, hopefully for such items as Chelsea Road realignment cost and City costs associated with our storm sewer improvement program. Tho following is o summery of the capital outlay fund expenditures proposed under Options A, D, and C. Special Council Agenda - 9/9/96 Public parking lot overlay improvements $30,000 Construction inspections department - new vehicle $20,000 1/4 of new jetrodder/vacuum $25,000 Library: Parking lot overlay $4,000 Copy machine $4,000 Personal computer $2,000 Trail and park system improvements: Play structure maintenance $10,000 Bridge Park enhancements $20,000 Pathway - Riverroad Plaza to Middle School $15,000 Pathway - Ellison Park to Mississippi Drive $30,000 Meadow Oak Park: Concession building $12,000 Basketball court $2,000 Parking lot $13,000 Prairie Creek Park $2,600 Monticello Community Partners matching contribution $35,000 Future city hall expansion (partial) $76,000 Chelsea Road realigruneuL (partial) 4%15n.nnn TOTAL $450,500 OPTION Same items as noted above with the addition of- Future fFuture city hall expansion (partial) +$24,000 1.94/County Road 118 interchange (partial) $0=1 NEW TOTAL $530,550 OPTION C Same items as noted in options A and B plus the following additions: 1.94/County Road 118 interchange +949A0 NEW GRAND TOTAL $579,950 Although the Council may tomo up with many other items or suggestions that could be earmarked in our capital outlay revolving fund, the above items were simply to give the Council an idea of where the additional surplus funds Special Council Agenda - 9/9/96 could be earmarked for projects that may need to be considered in future years. Because these projects and others will likely be items well have to consider in the future, a maximum tax levy as proposed under Options B or C can easily be justified when considering future expenditures well be facing. Regardless of how much discussion takes place Monday night, additional budget workshop sessions can certainly be held before our final tax levy needs to be adopted in December. By September 15, a preliminary maximum tax levy amount must be adopted and certified to the County Auditor. We can always go lower than the maximum levy, but we cannot go higher later on. Because of this, I caution the Council not to be too conservative at this stage of the game and allow yourselves some flexibility should you decide that some budget cuts need to be made later on. In addition to setting the maximum preliminary tax levy, the Council also has to select a date for the initial public hearing on the budget and a continuation date if necessary. The public hearing needs to be held somewhere between November 29 and December 20 but cannot be held on Monday, December 2, or December 9, our regular Council meeting date. As a result, a special meeting date and time will have to be selected; and for the past few years, the Council has held the meeting on a weekday at 5 p.m. After the initial public hearing is held and a continuation one if necessary, the Council has to wait until an additional meeting to adopt the final tax levy and budget. New this year is the fact that we cannot adopt the final tax levy at our regular meeting December 9, as it conflicts with a continuation date already set by the School District. The result is the Council will likely have to have two special meetings, one for the initial public hearing and one set later for adoption of the final budget. Since I have to notify the County by September 16 of our public hearing date, the Council will need to select one Monday night. Although we only allowed one hour for the preliminary discussion of our budget, it appears that the regular Council agenda will be very short, which would allow for the Council to continue discussion of the preliminary budget atter the regular meeting items have been covered, if necessary. OPTION A (No increase in dollars collected) TAX LEVY SUMMARY 1997 BUDGET ALL FUNDS Net Payable" Adjusted Levy Before 1997 Adjusted Levy HACA Adj. Levy After E=d Payable 1996 pa3mble 199.1 HACA DedudW&HACA General $11966,209 $2,137,625 $177,417 $1,960,208 Library 31,095 31,095 0 31,095 Transportation 15,590 15,854 1,302 14,552 Shade Tree 12,038 0 0 0 OAA 1,196 1,055 78 977 HRA 17,497 14,060 1,146 12,914 Debt Service 597,270 605,022 49,504 555,518 Capital Imp. Revolving 281.905 378.498 30"962 347.536 TOTAL $2,922,800 83,183,209 $260,409 $2,922,800■ Net Certified Levy Increase - $0 Payable 1989 Tax Capacity Rate ..... 14.283 Payable 1990 Tax Capacity Rate ..... 16.187 Payable 1991 Tax Capacity Rate ..... 16.611 Payable 1992 Tax Capacity Rate ..... 16.492 Payable 1993 Tim Capacity Rate ..... 16.313 Payable 1994 Tax Capacity Rate ..... 17.527 Payable 1995 Tax Capacity Rate ..... 18.228 Payable 1996 Tax Capacity Rate ..... 18.509 Est. Payable 1997 Tax Capacity Rate . 18.210 (1.61%)des ug in tax rate Tax Tax '88/Payable 1989 8 15,405,139 14.283 $2,198,008 '89/Payable 1990 15,873242 16.187 2,568,106 '90/Payable 1991 16,161,043 15.511 2,506,132 '91/Payable 1992 15,613,574 16.492 2,558,554 '92/Payable 1993 15,490,500 16.308 2,526,216 '93/1'ayable 1994 15,164,786 17.527 2,652,527 '94/Payable 1995 1508,930 18.228 2,841,185 '95/Payable 1996 15,792,922 18.509 2,922,800 '96/Payable 1997 (est,) 16,050,572 18.210 2,922,800 • Actual levy collected from taxpayers --balance received 60m state in HACA aid payments ($260,409 is est. State Aid for 1997). •• Did not deduct HACA from library levy, but deducted library portion of HACA 4om general Hind levy. TAXLEVYASM: W4% OPTION B (3% increase in dollars collected) TAX LEVY SUMMIARY 1997 BUDGET ALL FUNDS Net Payable" Adjusted Levy Before 1997 Adjusted Levy HACA Adj. Levy Ager Eand Payahir 1996 PAvnhle 14197 H&CA DedUe6naRACA General $1,966,209 $2,137,625 $172,651 $1,964,974 Library 31,095 31,095 0 31,095 Transportation 15,590 15, NA 1,250 14,604 Shade Tree 12,038 0 0 0 OAA 1,196 1,055 78 977 HRA 17,497 14,060 1,120 12,940 Debt Service 597,270 605,022 48,176 556,846 Capital Imp. Revolving 2ALA011 466.182 .17-1.14 429.048 TOTAL $2,922,800 $3,270,893 $260,409 $3,010,484* Net Certified Levy Increase - $87,684 (+3% in dollars) Payable 1989 Tax Capacity Rate ..... 14.283 Payable 1990 Tax Capacity Rate... . . 16.187 Payable 1991 Tax Capacity Rate ..... 15.511 Payable 1992 Tax Capacity Rate ..... 16.492 Payable 1993 Tax Capacity Rate... . . 16.313 Payable 1994 Tax Capacity Rete .... , 17.527 Payable 1995 Tax Capacity Rate... . . 18.228 Payable 1996 Tax Capacity Roto ..... 18.509 Est. Payable 1997 Tax Capacity Rate. 18.756 (1.33%) j11Rt M in tax rate Tax Tal '88/Payable 1989 $ 15,405,139 14283 $2,198,008 '89/Payablo 1990 15,873,242 16.187 2,568,106 IN/Payable 1991 18,161,043 15.511 2,508,132 '91/Payable 1992 15,513,574 16.492 2,558,554 '92/Payable 1993 15,490,500 16.308 2,526216 '93/Payable 1994 15,154,786 17.527 2,652,627 '94/Payable 1995 15,586,930 18.228 2,841,185 '95/Payable 1996 15,792,922 18.509 2,922,800 %(Payable 1997 (est.) 16,050,572 18.756 3,010,484 • Actual levy collected from taxpayers --balance received from state in HACA aid payments 4260,409 is fast. State Aid for 1997). •• Did not deduct HACA from library levy, but deducted library portion of HACA from general fund levy. TA1tI.EV1' S01; W4M B OPTION C (3% increase in tax rate) TAX LEVY SUNEM"Y 1997 BUDGET ALL FUNDS Net Payable" Adjusted Levy Before 1997 Adjusted Levy HACA Adj. Levy After guid Payable 1_-_996_+ Payable 1997 HACA Dee + ting HACA General $1,966,209 $2,137,625 $170,099 $1,967,526 Library 31,095 31,095 0 31,095 Transportation 15,590 15,854 1,250 14,604 Shade Tree 12,038 0 0 0 OAA 1,196 1,055 78 977 HRA 17,497 14,060 1,094 12,966 Debt Service 597,270 605,022 47,447 557,575 Capital Imp. Revolving 281.9(15 515.578 40,"1 475.137 TOTAL $2,922,800 $3,320,289 $260,409 $3,059,880' Net Certified Levy Increase • $137,080 (+4.69% in dollars) Payable 1989 Tax Capacity Rate ..... 14.283 Payable 1990 Tax Capacity Rate ..... 16.187 Payable 1991 Tax Capacity Rate ..... 15.511 Payable 1992 Tax Capacity Rate ..... 16.492 Payable 1093 Tax Capacity Rate ..... 16.313 Payable 1994 Tax Capacity Rate ..... 17.527 Payable 1995 Tax Capacity Rate ..... 18.228 Payable 1996 Tax Capacity Rate ..... 18.509 Eat. Payable 1997 Tax Capacity Rate. 19.064 (3%) Incur in tax rate Tax Tax '88/Payable 1989 $ 15,405,139 14.283 $2,198,008 '89/Payable 1990 15,873,242 16.187 2,668,106 '90/Payable 1991 16,161,043 15.511 2,506,132 '9VPayable 1992 15,513,574 16.492 2,658,554 '92(Payable 1993 15,490,500 16.308 2,526216 '93/Payable 1994 15,154,786 17.527 2,652,527 '94/Payable 1995 15,586,930 18.228 2,841,186 '95/Payable 1996 15,792,922 18.509 2,922,800 '98/Payable 1997 (est.) 16,050,572 19.000 2,922,800 ' Actual levy collected from taxpayers --balance received from state in HACA aid payments ($260,409 is est. State Aid for 1997). •• Did not deduct HACA from library levy, but deducted library portion of HACA from general fund levy. TAXLBVYC.SUM: W4W co B1�ID General Library Transportation Shade Tree UDAG OAA HRA EDA SCERG CMIF Debt Service Liquor Water Sewer Capital Imp. Water Access Storm Sewer Access Sewer Access TOTAL OPTION A 1997 BUDGET SURD ABY (No increase in levy dollars) I= REVENUE F.XPENDMIRES $2,876,200 $2,876,200 32,295 32,295 69,635 69,635 6,900 20,725 12,840 59,000 1,600 1,600 515,960 596,000 215,740 202,120 6,555 124,000 120 0 1,499,090 1,688,973 1,828,650 1,643,360 218,305 418,74000 563.800 963,885- 442,868 450,500 74,900 10.000 25,000 0 $8,591,878 69,156,723 • includes 6414,256 Depreciation -contributed assets sewer •• includes 6200,435 Depreciation -contributed assets water BUDG01A.SUM: W&W 1896 RFVEMUE EXPF1ynrrtTRES $2,780,575 $2,780,575 32,295 32,296 70,243 70,322 20,385 20.385 11,120 0 1,700 1,700 508,040 321,727 117,445 202,120 7,805 0 195 0 1,759,511 1,666.430 1,675,760 1,622,240 192,950 384,850 522,260 926.655 375,027 610.962 82,080 20.500 0 0 $8,350,481 68,588.761 b GENERAL FUND SUMMARY 1997 BUDGET REVENUE Taxes 139& 1332 Current Ad Valorem 82,143,730 82,137,625 Penalty/Interest 1,000 100 Tax Increments -Kmart 99100 96.050 i.irnnsas nd P rmitn B ,AinaAA 82,243,830 82,223,775 - Liquor 25,150 24,900 Beer 1,650 1,030 Set Ups 325 325 i.icenseA P Non•R 8 27,025 8 26,255 And rmita_ - t;inass Building Permits 110,000 150,000 Variances/Conditional Uses 2,500 2,600 Dog Licenses Others 150 3.600 125 5.050 Inter. 8 116,250 8 157,675 vprnmpntal Fire Department Aid 32,685 34,900 Police Department Aid 22,000 25,000 State Highway Aid 40.000 41.000 for Services S 94,685 8 100,900 ChArYes General Government 1,000 1,000 Public Safety (Township Contract) 59,600 60,970 Streets - C.S.A.H. Mtnc. 6,800 61600 Deputy Registrar 100,000 105,000 Other 350 660 Subdivision Fees 1,000 61000 Special Processing Fee (Garbage) 12,000 15,000 Recycling Incentive 81000 12,000 Inspection Fees 4,000 51000 Garbage Cart Rental 4.500 6.000 8 196,250 8 217,220 FA= Animal Impoundment 18.000 18.000 8 15,000 8 18,000 MLffPUaQMlARP. AVA Interest on Investments 62,060 103,525 Sale of Property 275 350 Other & Rental of Property 11200 13.500 Reimh 8 73,535 8 117,375 Ra(1inds and .rgomen_ts IDC Reimbursement 2,000 0 Other Reimbursements 12.000 15.000 8 14,000 8 15,000 TOTAL GENERAL FUND REVENUE 82,780,575 82,876,200 GENFUNDR.BUM: 9/499 6 GENERAL FUND SLYN3 ARY 1997 BUDGET EXPENDITURES Im 1882 Mayor and Council E 3045 E 30,425 Administration 237,365 236,000 Finance 99,320 100,980 Insurance 85,000 63,470 Audit 13,500 13,500 Legal 27,300 28,000 Planning A Zoning 72,935 109,885 Inspections -Bldg. Official 156,240 163,905 Assessing 13,625 15,900 Deputy Registrar 94,895 98.666 City Hall 54,700 34,980 Computer 38,020 35,280 Elections 6121S o TOTAL GENERAL GOVERNMENT $ 909,250 E 930,980 Law Enforcement $ 302,810 $ 323,475 Fire 133,475 140,665 Civil Defense 8,740 8,710 Animal Control 36.600 34100 TOTAL PUBLIC SAFETY $ 480,555 8 506,860 Inspection $ 42,340 $ 43,540 Admin. A Engineering 116,260 126,090 Strcets & Alleys 345,430 308,325 Snow & Ise 27,810 97,710 Street Lighting & Parking Lots 65,760 62,760 Shop & Garage 73,350 37,060 Refuse Collection 286270 -mam TOTAL PUBLIC WORKS $ 957,210 $ 997,020 Senior Citizens Center $ 65,000 $ 37,000 YMCA/Cornmunity Ed. 25,000 25,000 Infbrmation Center/Museum 1.740 I= TOTAL HEALTH & WELFARE $ 81,740 $ 63,690 Parks & ReeXemetory S 20.480 1 242,41a TOTAL PARKS & RECREATION $ 205,460 $ 24.2,410 Community Development 198A70 6 i2A190 TOTAL COMMUNITY DEVELOPMENT $ 136,870 $ 124ASO Misc.•Severance Benefits IL9.HDD 1 11 GDO TOTAL MISCELLANEOUS $ 8,500 $ 11,000 TOTAL GENERAL FUND EXPENDITURES $2,780,576 $2,87000 GENFUNDE.SUM: 4M9e y SUMMARY OF PROJECTED REVENUES, EXPENDITURES AND FUND BALANCES (CASH 6 INVESTMENTS) PROJREV: 09/05186 G PROJECTED 1997 1997 PROJECTED BALANCE PROJECTED PROJECTED BALANCE EUNQ 12tl1(86 REVENUE EXPENDITURE 12M1B7 General $2558,725 $2,876200 $2,876.200 $2.558.725 Library $7,975 $32.295 $32295 $7,975 Tree $141,670 $6,900 $20.725 $127.845 OAA $10.530 $1.600 $1,600 $10,530 Water $148,320 $218,305 $218,305 $148,320 Water Access $276,615 $74,900 $10,000 $341,515 Sewer $110,405 $563.800 $549.330 $124,875 Sewer Access $342,455 $202,420 50 $544,875 Transportation $1,100 $69.635 $69,635 $1,100 Liquor $210,900 $1.828,650 $1.643,350 $396.200 Capital Outlay Rewlving $541,000 $442,868 $450,500 $533,368 HRA $122,675 $515.960 $596.000 $42.635 UDAG $158,620 $12,840 $59,000 $112,460 EDA $137,200 $215,740 $202,120 $150,820 SCERG $121,540 $5.555 $124,000 $3,095 CMIF $300 $120 $0 $420 Storm Sewer Access $D S2&om to $25.DDO SUBTOTALS $4,890,030 $7,092,788 $6,853,060 $5,129,758 Debt Service General Obligation Bonds $786,945 $284.061 $338,875 $732,131 Special Assessment Bonds $1,944,267 $916,679 $1,035,085 $1,825,881 Tax Increment Bonds 5338.382 S28H.350 9315.013 S322.71A SUBTOTALS $3,070594 $1,499,090 $1,668,973 $2.880.711 TOTALS $7,960,624 $8,591.878 $8542,033 $8.010,469 PROJREV: 09/05186 G DEBT SERVICE FUNDS 1997 BUDGET FORECAST REVENUE I= 19M Current ad valorem: 605,022 651,187 Interest: 91,780 63,245 Special asmt--county: 506,788 730,229 Transfer in—tax increment: 295.500 314.950 TOTAL REVENUE 11.19%M • • tt N i ii i M • t i; tii 14H i iHi • iNt i tt1►it i i ♦ it t;t N t1 ttt 4itt Nittiiit ti tii ttgi • iii t1 EXPENDITURES Principal: 1,180,000 950,000 Interest: 486,291 597,762 Paying agent fees: 8,182 9,543 Interest exp.: 14600 9.125 TOTAL EXPENDITCTRES DEDTHERV.SUM: W5M CAPITAL OUTLAY ITEMS 1997 BUDGET FUND/ FUNDING DEPARTMENT jgM AMOUNT $QURCE Data Processing Software updates $ 1,500 General Fund Building permit software 5,000 General Fund Equipment: Printer stand 125 General Fund Personal computer (big dept) 3,000 General Fund Main frame computer updating-- AS/400 lease for 6 months 9,180 General Fund Less: Maintenance agreement savings (3.92 General Fund TOTAL DATA PROCESSING $ 14,880 Building Two (2) cellular phones (PmA i a $ 600 General Fund Inspections Building inspection vehicle 14,000 General Fund Office furniture: Desk 400 General Fund Drafting table 250 General Fund Chair 250 General Fund Bookcase 300 General Fund Office partition or remodeling 1.000 General Fund TOTAL BUILDING INSPECTIONS $ 16,800 Public Works Office equipment: Administration Filing cabinets $ 1,000 General Fund Calculator 1551 General Fund TOTAL PUBLIC WORKS ADMIN. E 1,150 Parking Lots Parking lot improvements - overlay S 30,000 Capital Outlay Refuse Carts and bins $ 15,000 General Fund PW Inspections New 4 -wheel drive vehicle $ 20,000 Capital Outlay Parks Tree planting program $ 15,000 General Fund Picnic tables (10) 4,000 General Fund Bridge Pork - security camera 2,800 General Fund Play structure improvements 10,000 Capital Outlay River park enhancements 20,000 Capital Outlay Pathway improvements: Riverroad Plata to Middle Schl 15,000 Capital Outlay Ellison Park to Mississippi Dr. 30,000 Capital Outlay Meadow Oak Park - Outlot A: Concession building 12,000 Capital Outlay Parking lot 13,000 Capital Outlay Basketball court 2,000 Capital Outlay Page 1 CAPITAL OUTLAY ITEMS 1997 BUDGET FUND/ FUNDING nR�NT imm AMQIJN .SOURCE Parks cont... Prairie Creek Park development 2,50n Capital Outlay TOTAL PARKS $126,000 Streets -7 U3 of smell loader & trailer E 20,000 General Fund Paint striper 4,700 General Fund Less: trade-in (1-500 General Fund �,J 3,200 S Repair intersections: 77-3 street prci - various locations 10,000 General Fund 185 CFM air compressor 12,250 General Fund Sealcoating 27.800 General Fund TOTAL STREETS $ 72,960 Snow/Ice Second �i of plow hookup for loader 8 5,500 General Fund Snowblower 90.000 General Fund TOTAL SNOWIICE $ 75,500 Water Refurbish well 02 $ 10,000 Gopher State One Call computer software 1.'00 TOTAL WATER 8 11,300 Sewer Boom anti -fall device 8 3,700 1 1,� SO " Less: OSHA reimb. ( 1"850) T 8 1,860 Sewer Fund � 1/4 of new jetrodder/vac 25,000 Capital Outlay ,f YU Q'fi'O Biosolids farm improvements 8.000 Sewer Fund TOTAL SEWER $ 32,850 Library Copy machine 8 4,000 Capital Outlay Pononal computer 2,000 Capital Outlay Parking lot overlay 4,000 Capital Outlay Parking lot overlay 1"000 Library Fund 'DOTAL LIBRARY 8 11,000 Fire Unallocated/unspecified $ 8,000 City Hall Office partition furniture $ 3,000 General Fund Deputy Registrar Space heater $ 200 General Fund Page 2 T 1897 SUMMY OF LEVY INCREASES/DECREASES PROPOSED BY FUNDS (OPTION C) General fund levy is up $1,317. Some of the increases or decreases by department are as follows: Planning & Zonino- Up $36,950 due to the addition of.a new full-time position or funds for additional outside consulting service. City Hall - Down $20,000 because of lower building maintenance and repair costs. Law Enforcement - Up $20,600 to cover hourly contract increase ($13,700) and to fund additional 200 hours of coverage ($6,900). Ruilding Ina io s - Up $7,650. The budget includes funding for a part-time secretary to help out in this department. Budget also includes $14,000 for another building inspection vehicle. Stets - Down $37,000 because of a lower capital outlay equipment budget. Snnw/Icg - Up $70,000 to cover cost of new snowblower. Sho Garage - Down $36,000 because of lower capital outlay request. Refuse CnIleLtinji - Up $35,000 primarily due to payment of sales tax on disposal of refuse, minor contract increases, and general growth of residential homes. Earks - Up $37,000. Budget includes additional $5,000 for weed control and $25,000 more for parttime summer help. Senior .; izn rpnter - Down $18,000 due to lower building maintenance budget. The net increase in expenditures proposed above amounts to $96,200. The difference of $94,900 between the increase in expenditures and the tax levy increase of only $1,300 is covered by additional non -tax revenue increases in such areas as building permit fees ($40,000), interest earnings (942,000), and other miscellaneous revenue item increases. U:vr.suM: WUM Y RESOLUTION 99. RESOLUTION ADOPTING THE PRELIMINARY 1997 BUDGET AND SETTING A PRELU&NARY TAX LEVY WHEREAS, the City Administrator has prepared and submitted to the City Council a budget setting forth therein his estimated needs of the City of Monticello for all operations and the debt service for the fiscal year commencing January 1, 1997, and; WHEREAS, the City Council has reviewed the same and has made such changes therein as appear to be in the best interest of the City of Monticello; NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF MONTICELLO that the budget so submitted by the City Administrator, together with the changes made therein by the City Council, be and same hereby is adopted as a preliminary budget for the fiscal year commencing January 1, 1996, and; BE IT FURTHER RESOLVED by the Council of the City of Monticello that there be and hereby is levied for the fiscal year commencing January 1, 1997, the following preliminary sums for the respective purposes indicated therein upon the taxable property of the City of Monticello, to wit: NET CERTIFIED REVENUE LIFM jACA LEVY General Library OAA HRA Tree Transportation DERTRFTIREMF,NT Debt Service Fund CAPITAL IMPROVEMENT9 Capital Improvement Revolving TOTAL TAX LEVY no above resolution was introduced by Councilmember , was duly seconded by Cou:ncilmember , with the following voting in favor thereof: The following voting in the opposition: The City Administrator is hereby instructed to transmit a certified copy of this rexolutiun to the County Auditor of Wright County, Minnesota. Dated this 9th day of September, 1996. Mayor City Administrntor L 1997 HRA BUDGET TIF and HRA General Fund Surplus Adopted August, 1996 Balance, August 18, 1996 REVENUE: Surplus Other Subtotal Total Revenue WqY Azt�7 ril T� Public Improvements* Chelsea Road Alignment and Storm Sewer Improvement Industrial Development Reserve Fund Matched Funds" Surplu&?ublic Improvments Chelsea Road Alignment and Storm Sewer Improvcmcat H -Window Subtotal Total Expenditures Balance, December 31, 1997 S 130,000 S 130,000 $ 37,500 37,500 S 37,500 S115,000 S 20,000 $247,500 $117,919 $ 247,919 S 247,500 S 419 • Purpose to compensate for City Loss. Can be used for HRA development or redevelopment and public improvments otherwise in City General Fund. The Chelsea Road Alignment, Storm Sewer improvement, and industrial Development Reserve Fund are suggested uses for the projected $75,000 loss. •• HRA Matched Funds for Industrial Development Reserve Fund M