HomeMy WebLinkAbout5.F.6. Reservation of Fund Balance-2007 Building Permit Activities
6. ~ b.
CITY OF SHAKOPEE CONSENT
Memorandum
TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: Reservation of Fund Balance - Building Permit Activities
DATE: July 30, 2008
Introduction
Council is requested to adjust the reservation of General Fund - Fund
Balance for building permit activities for 2007.
Background
The cost of service study authorized by Council and performed by
Springsted showed expenditures for building permit related fees were
$362,378 more than the related revenues for 2007. See the attached
Municipal Construction and Development Fee Revenue and Expenses Annual
Report for 2007.
The action below increases the size of General Fund - Fund Balance
available for spending. The reserved amount for building permit
activities would decrease.
Action
Move to adjust the reservation of General Fund - Fund Balance for 2007
building permit related activities by $362,378, from $1,699,392 to
$1,337,014 as per the Springsted model and the agreement with the
Builders Association of the Twin Cities.
~oxland
Finance Director
H:overhead/mode12007.doc
Minnesota Department of Labor and Industry
Construction Codes and Licensing Division
Building Codes and Standards
443 Lafayette Road N., St. Paul, MN 55155.4341
Phone: (651) 284-5068 Fax: (651) 284-5749
www.doli.state.mn.us TTY: (651) 297-4198
MUNICIPAL CONSTRUCTION and DEVELOPMENT FEE REVENUE and EXPENSES ANNUAL REPORT
Reporting Period Endihg . December 31 , _2007,ll$;requir~dbYlVlihnesotaStatUte16B.685
I. Municipality ..____...........__.__......._..____..._.........,._.._..._........_.............__..........._.__.._..............................___..........___ ...._.._._..._..___.......__.........____._._..._...._..'''..'._._'._'j
! Municipality I County ITe,ePhone No. (include area code)
! Shakopee ..._.____....._..._._.__._......._.____..__......_.........L~~2.~..._....__......_....__......__..............__........__.._......_._.. .~.~??~393~~...._........___.._....._...._........__......._._..._.j
I Address I City, State, ZIP I
L 129 Holmes St S ..___._............_..._.....__.__..._...........J__~_~?~2P_~~J..M..~...J.~.~!_~____..__........___......_._...._.._._.._.."............_._......____..__.......... ......__...__...!
II. Building Inspection Permits
TYPE OF PERMIT Number of Permits Number of Units Valuation
I 1. i . _.1I.~w Single-Family Dwellin9____.._._.....__..J38 . _.._11~_.._.__...__~~8,I19,89U
i 2. i New Multi-Family Dwelling _____._..___~_ 49_.__~127,810 I
l~: L NeW~~I!lnd:~~~-===:=sJ =:dt~~:~i8
U:-L__.._.._....__...._"....._..____.__....._._..___.Qjh~r.. .._..._.__.__...___.. 49!, _._._...__~?Ll~?nJ
III. Fee Revenue And Expenses Associated With Building Permits And Inspections
FEE REVENUE EXPENSES
I 6. I Permit Fees $372,415 10. I Building Inspection Expenses I $1,064,158 I
I .----.-.-.- -- . ..----.-.-.-..--.
7. I Plan Review Fees $131,837
I 8. ! Other Fees ~-'--'''-'-$19i,52f
! 9. ! TOTAL FEE REVENUE $ 701,780
IV. Fee Revenue And Expenses Associated With Development
FEE REVENUE EXPENSES
I 11. I Adminis.trative Fees ....J~_~__:L 1 L _____Administrative Exp~nses 1__. $2,..~~
I 12. [ Engl~eering Fe..~ ___.$1~6..&1?.. JL_. .._____~.ginee i!!.!g...~~J}~~.s F ~~1?.~
~. I Planning and.ZoninQ Fees ..~24,9_65_ 18. Planning and ~!:!1D.9.ExpE?,l]ses ___!52,~1 1
114:-T Other Fees $3,18919. Other Expenses $18,4671
15. .1 . TOTAL FEE REV~NUE' . . $225,149 20. --~.--_. TOTAC.EX~~J:-J~ . . $363,6091
V. Fee Revenue And Capital Expenditures Associated With Development.R~lated Infrastructure
FEE REVENUE CAPITAL EXPENDITURES
I 21. I -'-nfrast~ure fees ~1,235,734 _25. t ~frastruc~__~iO,62Qj
i i Cash Land. I!
I ~~~~rk Dedi;~~~ $9lcQ!7 ----=-~ - i~:- ~~~~~ - $3,OOO,8i~ I
I 24. ..1 . T~!A~ FE.~ REVENUE $1,333,781 28: .._.. T<?.!..AL C~~~~"~..~~~EN~~!~~.~~ $6,351,476
CERTIFICATION: I hereby certify the information contained herein to be an accurate representation of fees collected and expenses incurred.
-- -.--- --.--..--.............---.--...-..-.....-.-...---.,..-..-.-....--.--.--.---.-.....-......---r.-....--...........-.......-----..",-,-.",-,-,. ...........................................".....................................................-.....................................-...................-....................................'............:-...............................-.........................
! NamelTiUe of Official Completing Form I Telephone No. (include area code) Date: 1~~t:;!~I:.i.:;~,.,..;';:,i,i;"<>;.
I Gregg Voxland J 9522339326 7/30108 11.;i;;F~~~,~ma\L;.
,-..-----.......................-."-.---........-............."...............................--.-.....-...-.........-".........-...."..---......................-...-..--..-....-.......-........._................-.............~.........-..............."..........................-..-.......--...-... ... . . . EC001_03_06
This form can be obtained in alternative formats by calling the Department of Labor and Industry at
1-800.342-5334 or T7Y at (651) 297-4198