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9.F.1. Public Input Meeting Addressing the 2016 Budget and Approval of the Property Tax Levy & Debt Service Cancelation - Resolution Nos. 7650, 7651 and 7652
1011111111 General Business 9. F. 1. SHAKOI: EE TO: Mayor and City Council FROM: Jean McGann, Interim Finance Director DATE: 12/01/2015 SUBJECT: Public Input Meeting Addressing the 2016 Budget and Approval of the Property Tax Levy & Debt Service Cancelation— Resolution Nos. 7650, 7651 & 7652 (C) Action Sought Consideration and approval of the 2016 General Fund budget, the 2016 Property Tax Levies and the 2016 Debt Service Cancelations, specific to certain debt issues. Background The budget process for municipalities covers an extensive period of the calendar year, beginning with the initial staff review and completion of the budget work documents, to development of the preliminary levy which is approved by Council each September, and nears completion in December with the public meeting to address the overall budget, levies and debt service cancelations. The packet attached includes summary sheets by categories of revenues and expenditures for the overall General Fund. As in past years, the transfers to the Capital Improvement Plan, the Economic Development activities, and community projects have become a major portion of the budget and funding discussions. Requested Action Consider and approve the following resolutions: Resolution No. 7650, A Resolution Adopting the 2016 Budget Resolution No. 7651, A Resolution Setting the 2015 Property Tax Levy, Collectible in 2016 Resolution No. 7652, A Resolution Canceling Debt Service Levies for 2015/2016 Attachments: Staff Report General Fund Summary General Fund Expenditures General Fund by Object Code Resolution 7650 Resolution 7651 Resolution 7652 Scott County Levy Certification City of Shakopee Memorandum To: Mayor and City Council Bill Reynolds, City Administrator From: Jean McGann,Interim Finance Director Subject: Public Input Meeting Addressing the 2016 Budget and Approval of the Property Tax Levy&Debt Service Cancellation—Resolution Nos. 7650,7651 &7652. Date: December 1,2015 Action Sought16.8 Approve 2016 Property Tax Levy and Budget. Background The City of Shakopee annually adopts a General fund budget and property tax levy for the upcoming year. The following information provides an overview of many elements that have been brought into the budget process during 2015,planning for the 2016 budget year. Overview: The annual budget process requires coordination of staff, Council and many outside entities.The City relies upon the levy (which comprises approximately 70%of the General fund revenues),to fund a majority of the budgeted expenditures of this fund. The Preliminary Levy and Budget were approved by Council on September 22,2015.Between September and now,there has been some revisions based on Council direction and receipt of updated information. The 2016 Budget provides for a General Fund Levy of$16,825,900 in comparison to the prior year levy of$16,138,000. In total,the overall property tax levy projects an increase of 4.99%over 2015. A year over year comparison is outlined below. Increase/ 2015 Levied 2016 Budget Decrease %Change Base Levy General fund $ 16,138,000 $ 16,825,900 $ 687,900 4.26% Debt Service 2004B 200,000 238,027 $ 38,027 19.01% 2006A 343,215 315,390 (27,825) -8.11% 2007B 92,052 94,992 2,940 3.19% 2010A - 88,500 88,500 100.00% 2012A - 47,386 47,386 100.00% Total Property Taxes $ 16,773,267 $ 17,610,195 $ 836,928 4.99% The certification of the preliminary 2016 levy which had been sent to Scott County was used to create the property tax estimate data that appeared on the recently mailed Proposed Property Tax Statements for 2015. This statement provided a property tax payment estimate to property owners of the County, City, School District and Special Taxing Districts for 2016,based on the preliminary levies of each unit. General Fund: Revenues: The primary sources of General fund revenues are comprised of the following: • Taxes,including property tax revenues and fiscal disparities as well as lodging tax is a major source of budget revenue. The fiscal disparities contribution increased for the 2016 budget,based on the most recent data received from Scott County. • Licenses and Permits include franchise payments from Cable,as well as City issued licenses and the broad array of building permit categories. • Intergovernmental revenues provide funding from grants, aids and agreements for shared projects, coordinated from Federal, State and County sources. State grant funding, Municipal State Aid for road maintenance, as well as Police&Fire State Aids are examples of the funds received by the City. • Charges for Services cover a broad array of revenue sources, including Engineering fees billed for projects,Police fees for providing Public Safety as requested by private entities,Fire service fees to Townships, as well as Recreation fees. • Miscellaneous revenues consist of interest and reimbursements for contributions,donations,and interest earnings. In 2016 interest rates continue to remain flat or lower, and estimates have been developed for the contributions and reimbursements that the City receives annually. The investment analysts are not anticipating this revenue source to increase in the upcoming budget year. • Transfers in account for the charges that are applied to the Storm Water and Sewer funds, which cover General fund costs for administration, payroll,billings, insurance, etc. In 2016,the City will continue to monitor and benefit from the market value increases that will impact the overall tax capacity of the City in the future year budgets. Shakopee is fortunate to anticipate such growth, as well as also having a broader base of consistent revenue sources outside of the property tax system. The City does not have a reliance on Local Government Aid(LGA),which has created problems for other communities who have had to plan for, and anticipate legislative changes to this highly volatile revenue source. The City also does not have a significant reliance on a single large employer,which is often problematic in planning current and future year budgets. Since Shakopee continues to expand their broad base of commercial and industrial tax base,the impact of changes in a single industry or business has not and will not impact the financial base of the market value of the City. Expenditure Highlights: Personnel Wages for the employee base reflect a 3 %increase from the 2015 pay plans. The 2015 budget also allows for any step,longevity and certification pay that will occur throughout the year,as stated in the personnel policy and union contracts.Union contracts are settled for 2016 and also reflect a 3%cost of living increase. Employee benefit costs reflect a decrease in health insurance premiums over the 2015 budget while dental insurance reflects an increase in rates. PERA(Public Employees Retirement Association)rates remain stable for the"coordinated"PERA as well as the Police and Fire PERA. The following chart represents the rates for 2015 and 2016. 2015/2016 Employee 2015/2016 Employer Contributions Contributions Coordinated PERA 6.5% 7.5% Police and Fire PERA 10.8% 16.2% The following areas have impacted the 2016 budget or have seen changes from the 2015 budgets: General Government: • Administration includes funding for a full-time Human Resource Manager • Elections provides for an increase in wages for election judges due to new minimum wage requirements as well as the addition of two recording secretaries to prepare minutes of the meetings for the City's various advisory boards and commissions. • Planning reflects an increase for adding a Planning Manager • The Facilities budget provides for funding at current levels and also reallocates two full time equivalents to the community center. Public Safety: • While the Police department does not have any capital improvement projects or other large ticket items in the 2016 budget,there is an increase in liability insurance based on a new allocation methodology. • The inspections provides for funding at current levels. There is the planned reduction of one Building Inspector and adding an Administrative Assistant. Engineering/Public Works: • Engineering and Public Works budgets provide for funding at current levels. Parks and Recreation: • Natural Resources provides for an increase in pruning trees. • The Recreation budget reflects a change in where the Youth Building costs are recorded. Beginning in 2016,the costs for this building will be recorded in Park Services. Transfers: Transfer to other funds provide for: • Capital funding for infrastructure- $1,200,000 • EDA transfers for operations/staffing position- $100,000 • EDA Facade loan program - $ 150,000 • General EDA transfer- $ 150,000 • Downtown 101 Corridor Program-$500,000 Fund Balance Consideration: During budget planning the fund balance of the General fund is discussed and considered. Historically, the City has been able to maintain and often increase the fund balance position. The City has sufficient fund balance to provide approximately$450,000 for the funding of the 2016 budget Requested Action The Council is asked to offer the following: Resolution No. 7650,A Resolution Adopting the 2016 Budget Resolution No. 7651,A Resolution Setting 2015 Property Tax Levy,Collectible in 2016 Resolution No. 7652,A Resolution Canceling Debt Service Levies for 2015/2016 2016 Annual Budget GENERAL FUND SUMMARY Actual Actual 10/31/2015 Budget Adopted 2013 2014 Actual 2015 Budget 2016 2015 REVENUES: TAXES 15,578,627.78 16,022,164.22 8,594,427.64 16,163,000.00 17,150,900.00 TAX INCREMENTS 8,519.74 18,838.98 794.58 0.00 0.00 SPECIAL ASSESSMENTS 10,990.10 8,579.99 (8,716.90) 11,500.00 11,500.00 LICENSES AND PERMITS 1,443,885.29 1,534,165.38 1,597,409.35 1,348,300.00 1,504,100.00 INTERGOVERNMENTAL 1,042,125.93 1,191,126.88 1,213,454.11 1,028,393.00 1,108,500.00 CHARGES FOR SERVICES 4,304,786.73 4,294,637.57 3,435,882.89 4,050,700.00 4,226,275.00 FINES AND FORFEITURES 348,261.64 391,499.65 6,538.46 251,000.00 1,500.00 MISCELLANEOUS 132,202.49 333,175.22 169,483.79 252,000.00 225,248.00 TOTAL REVENUES 22,869,399.70 23,794,187.89 15,009,273.92 23,104,893.00 24,228,023.00 EXPENDITURES: GENERAL GOVERNMENT (3,201,783.93) (3,409,258.94) (2,972,657.74) (4,253,325.00) (4,467,551.00) PUBLIC SAFETY (9,677,697.35) (10,139,832.61) (7,888,622.53) (9,855,744.00) (10,374,766.00) PUBLIC WORKS (2,587,906.76) (2,829,846.28) (2,426,854.88) (3,238,343.00) (3,393,889.00) PARK AND RECREATION (3,813,027.15) (3,977,599.91) (3,050,716.97) (4,258,755.00) (4,370,867.00) UNALLOCATED (118,280.83) (105,238.88) (511,272.88) (259,500.00) (218,450.00) DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 CAPITAL OUTLAY (140,706.22) (44,971.58) (21,800.45) (1,500.00) (1,500.00) TOTAL EXPENDITURES (19,539,402.24) (20,506,748.20) (16,871,925.45) (21,867,167.00) (22,827,023.00) OTHER FINANCING: TRANSFERS IN 150,000.00 180,000.00 250,000.00 250,000.00 250,000.00 PROCEEDS FROM SALE OF ASSETS 150.00 314.49 566.00 0.00 0.00 BOND PROCEEDS 0.00 0.00 0.00 0.00 0.00 TRANSFERS OUT (3,910,000.00) (2,722,697.00) (1,900,000.00) (1,900,000.00) (2,100,000.00) UNALLOCATED-FUND RESERVE 0.00 0.00 0.00 0.00 449,000.00 TOTAL OTHER FINANCING (3,759,850.00) (2,542,382.51) (1,649,434.00) (1,650,000.00) (1,401,000.00) NET (429,852.54) 745,057.18 (3,512,085.53) (412,274.00) 0.00 2016 Annual Budget Company: 01000- GENERAL FUND EXPENDITURES 10/31/2015 Adopted Division Actual Actual Actual Budget Budget 2016 2013 2014 2015 2015 01000-GENERAL FUND 11 -MAYOR&COUNCIL 151,595.20 169,210.73 185,247.86 213,970.00 185,260.00 12-ADMINISTRATION 966,973.68 973,156.52 844,226.60 1,389,590.00 1,555,530.00 13 -CITY CLERK 231,503.79 329,289.07 225,950.21 453,690.00 399,170.00 15 -FINANCE 981,238.85 1,032,512.72 946,609.42 1,200,890.00 1,243,700.00 17-COMMUNITY DEVELOPMENT 443,725.38 490,838.89 481,008.69 514,605.00 674,905.00 18 -FACILITIES 426,747.03 414,251.01 285,847.41 480,580.00 408,986.00 31 -POLICE DEPARTMENT 7,054,307.48 7,231,452.26 5,740,289.08 7,216,226.00 7,625,014.00 32-FIRE 2,051,044.24 2,243,849.94 1,655,567.52 1,907,846.00 2,079,785.00 33 -INSPECTION-BLDG-PLMBG-HTG 659,958.49 703,723.59 492,765.93 731,672.00 669,967.00 41 -ENGINEERING 565,902.20 657,928.22 487,744.02 723,090.00 739,178.00 42- STREET MAINTENANCE 2,019,535.74 2,195,876.41 1,632,686.87 2,110,568.00 2,225,116.00 44-FLEET 12,394.30 (18,179.95) 306,423.99 404,685.00 429,595.00 46-PARK MAINTENANCE 1,480,568.56 1,630,544.87 1,165,675.44 1,614,494.00 1,644,596.00 66-NATURAL RESOURCES 83,797.28 114,070.95 92,787.74 138,660.00 198,092.00 67-RECREATION 2,262,394.75 2,232,984.09 1,792,253.79 2,507,101.00 2,529,679.00 91 -UNALLOCATED 147,715.27 105,238.88 536,840.88 259,500.00 218,450.00 Total 01000-GENERAL FUND 19,539,402.24 20,506,748.20 16,871,925.45 21,867,167.00 22,827,023.00 2016 Annual Budget Company: 01000- GENERAL FUND Object 10/31/2015 Requested Account Actual Actual Actual Budget Preliminary 2013 2014 2015 2015 Budget 2016 01000-GENERAL FUND REVENUES: TAXES: 4011-CURRENT PROPERTY TAX (13,582,854.55) (13,771,689.60) (7,279,317.43) (13,900,000.00) (14,930,400.00) 4013-MARKET VALUE CREDIT (1,509.29) (1,405.58) 0.00 0.00 0.00 4015-FISCAL DISPARITIES (1,655,619.01) (1,886,848.75) (1,001,235.83) (1,900,000.00) (1,857,500.00) 4020-MOBIL HOME TAX (334.13) (330.97) (161.76) 0.00 0.00 4025-PAYMENT IN LIEU OF TAXES (27,677.40) (28,823.16) (19,282.35) (25,000.00) (25,000.00) 4031 -EXCESS TAX INCREMENT (8,519.74) (18,838.98) (794.58) 0.00 0.00 4035-OTHER TAXES (7,579.62) (5,244.80) (1,868.33) 0.00 0.00 4040-AGGREGATE TAX (13,769.32) (15,995.23) (12,873.01) (13,000.00) (13,000.00) 4050-LODGING TAX (289,284.46) (311,826.13) (279,688.93) (325,000.00) (325,000.00) TAXES (15,587,147.52) (16,041,003.20) (8,595,222.22) (16,163,000.00) (17,150,900.00) SPECIAL ASSESSMENT: 4110-SPECIAL ASSESSMENT PRINCIPAL (5,972.34) (7,106.68) 10,344.55 (10,000.00) (10,000.00) 4111 -SPEC ASSESSMENT INTEREST (2,111.65) (2,595.72) (1,420.92) (1,500.00) (1,500.00) 4112-SA PENALTIES&INTEREST (1,041.13) (1,002.53) (206.73) 0.00 0.00 4120-SA PREPAY (1,864.98) 2,124.94 0.00 0.00 0.00 SPECIAL ASSESSMENT (10,990.10) (8,579.99) 8,716.90 (11,500.00) (11,500.00) LICENSES AND PERMITS: 4202-CABLE FRANCHISE (353,514.36) (357,648.69) (181,376.54) (355,000.00) (355,000.00) 4203-TRACK FRANCHISE (14,361.50) (14,933.60) (17,189.20) (14,000.00) (14,000.00) 4220-LIQUOR LICENSE (117,874.02) (119,897.00) (126,296.00) (120,000.00) (120,000.00) 4230-BEER LICENSE (4,282.00) (1,906.00) (2,564.00) (4,800.00) (4,800.00) 4240-CIGARETTE LICENSE (6,767.00) (6,000.00) (200.00) (6,800.00) (6,800.00) 4242-DOG LICENSES (3,473.00) (6,887.00) (8,000.00) (3,500.00) (3,500.00) 4243-MISC BUSINESS LICENSE (9,697.50) (14,175.36) (2,840.00) (10,000.00) (10,000.00) 4244-MISC NON-BUSINESS LICENSE 0.00 0.00 (20.00) 0.00 0.00 4251 -BUILDING PERMITS (232,931.33) (233,746.05) (305,177.56) (325,000.00) (300,000.00) 4255-RE-ROOF PERMIT (41,857.41) (88,323.49) (127,826.24) 0.00 0.00 4256-WINDOWS-DOORS-RESIDING (12,400.00) (20,025.00) (22,284.00) 0.00 0.00 4259-PLAN REVIEW FEE (121,395.32) (177,253.25) (207,496.85) (128,000.00) (190,000.00) 4261 -PLUMBING PERMITS (85,274.20) (95,838.69) (105,919.66) (70,000.00) (90,000.00) 4265-MECHANICAL PERMITS (126,724.14) (131,923.91) (177,317.27) (90,000.00) (125,000.00) 4267-ELECTRICAL PERMITS (89,419.75) (86,844.50) (90,939.59) (75,000.00) (90,000.00) 4272-SEWER&WATER PERMITS (24,712.60) (25,794.45) (75,462.50) (20,000.00) (30,000.00) 4274-FIRE INSPECTION PERMITS (36,043.50) (39,590.39) (31,485.10) (28,000.00) (40,000.00) 4275-INSPECTIONS (2,354.00) (104.00) (18,473.84) 0.00 0.00 4276-FENCE PERMITS (3,800.00) (4,280.00) (5,320.00) (3,200.00) (5,000.00) 4280-ROW PERMITS (138,769.00) (107,844.00) (89,771.00) (90,000.00) (115,000.00) 4282-WOODLAND MANAGEMENT FEE (18,234.66) (1,150.00) (1,450.00) (5,000.00) (5,000.00) LICENSES AND PERMITS (1,443,885.29) (1,534,165.38) (1,597,409.35) (1,348,300.00) (1,504,100.00) INTERGOVERNMENTAL: 4410-FEDERAL GRANTS (21,723.67) (93,751.21) (10,805.53) (18,000.00) (18,000.00) 4411-TZD OUTSIDE AGENCIES 0.00 0.00 0.00 0.00 0.00 4450-STATE GRANTS&AIDS (21,925.00) (35,747.79) (19,094.91) (10,500.00) (13,500.00) 4455-PERA AID (18,170.00) (18,170.00) (9,085.00) (18,000.00) (18,000.00) 4460-STATE AID-MAINT (398,903.40) (461,253.00) (516,925.70) (440,000.00) (475,000.00) 4462-STATE AID-FIRE (223,892.50) (224,167.72) (241,626.18) (223,893.00) (224,000.00) 4465-STATE AID-POLICE (329,349.00) (342,719.31) (362,890.10) (300,000.00) (343,000.00) 4467-POLICE TRAINING REIMBURSEMENT (24,662.36) (14,803.26) (15,659.45) (16,000.00) (16,000.00) 2016 Annual Budget Company: 01000- GENERAL FUND Object 10/31/2015 Requested Account Actual Actual Actual Budget Preliminary 2013 2014 2015 2015 Budget 2016 4482-COUNTY GRANTS/AIDS 0.00 (19.99) (7,367.24) 0.00 0.00 4490-OTHER LOCAL GRANTS/AIDS (3,500.00) (494.60) (30,000.00) (2,000.00) (1,000.00) INTERGOVERNMENTAL (1,042,125.93) (1,191,126.88) (1,213,454.11) (1,028,393.00) (1,108,500.00) CHARGES FOR SERVICES: 4511 -ADMINISTRATIVE CHARGES (26,564.85) (23,025.47) (18,785.98) (28,100.00) (28,100.00) 4512-DEVELOPMENT REIMBURSEMENT (14,024.06) 0.00 0.00 (14,000.00) 0.00 4513-SALE OF DOCUMENTS (1,110.18) (773.72) (970.93) (850.00) (850.00) 4516-ASSESSMENT SEARCHES (1,350.00) (525.00) (1,200.00) (1,000.00) (500.00) 4518-RELEASE OF DEVELOPER AGREEMEN (30.00) 0.00 0.00 0.00 0.00 4525-TITLE EXAMINATION 0.00 (800.00) (300.00) 0.00 0.00 4527-RECORDING FEE (35.00) 0.00 (50.00) (25.00) (25.00) 4540-CONDUIT DEBT ADMIN FEE (50,000.00) (102,000.00) 0.00 0.00 0.00 4571 -APPEAL (225.00) (600.00) (600.00) 0.00 0.00 4572-SIGNS (8,575.00) (8,390.00) (10,410.00) (8,500.00) (8,500.00) 4573-CONCEPT REVIEWS (740.00) (400.00) 0.00 (1,000.00) (1,000.00) 4574-REZONE/COMP PLAN (2,900.00) (600.00) (3,200.00) (1,200.00) (1,200.00) 4575-ZONING LETTER (870.00) (1,540.00) (880.00) (700.00) (700.00) 4577-EAW (1,000.00) . 0.00 (1,000.00) 0.00 0.00 4579-PUD (5,500.00) (5,500.00) (5,500.00) (5,000.00) (5,000.00) 4581 -PRELIMINARY PLAT (2,580.00) (4,000.00) (13,000.00) (6,500.00) (6,500.00) 4582-FINAL PLAT (11,880.00) (11,910.00) (13,500.00) (12,000.00) (12,000.00) 4583-MINOR SUBDIVISION (1,575.00) (1,200.00) (3,000.00) (1,500.00) (1,500.00) 4584-VACATION (4,050.00) (2,700.00) (2,700.00) (2,500.00) (2,500.00) 4585-VARIANCE (850.00) (1,700.00) (1,825.00) 0.00 (1,300.00) 4586-CUP (3,575.00) (4,225.00) (4,200.00) (4,000.00) (4,000.00) 4587-HOME OCCUPATION (200.00) 0.00 0.00 (400.00) (400.00) 4589-SIGN ADJUSTMENT 0.00 0.00 (600.00) 0.00 0.00 4620-ENGINEER FEE-PRIVATE 0.00 0.00 0.00 0.00 0.00 4621-ENGINEER FEE-PUBLIC (318,429.68) (360,779.18) (253,196.20) (265,000.00) (350,000.00) 4622-PARK FEE-PUBLIC (55,648.69) (40,146.33) (1,044.68) (25,000.00) (25,000.00) 4630-GRADE FEE (75,664.05) (70,958.53) (93,375.31) (51,000.00) (71,000.00) 4642-POLICE SERVICES (199,571.04) (227,347.02) (289,420.47) (213,000.00) (287,000.00) 4643-VALLEY FAIR (76,166.05) (41,109.26) 0.00 (45,000.00) (22,500.00) 4646-FALSE ALARMS (9,960.00) (12,600.00) (10,150.00) (10,000.00) (10,000.00) 4647-TRIBAL CONTRIBUTION (75,000.00) (85,000.00) (90,000.00) (90,000.00) (100,000.00) 4655-POUND FINES&FEES 0.00 0.00 0.00 0.00 0.00 4660-FIRE SERVICES (142,875.72) (131,050.00) (10,642.00) (140,000.00) (140,000.00) 4680-MISC PUBLIC WORKS (111,459.06) (117,926.70) (96,230.65) (50,000.00) (100,000.00) 4681 -CAR/TRUCK WASHES (6,079.00) (7,874.00) (6,192.00) (8,500.00) (7,000.00) 4683-NATURAL RESOURCE PLANTINGS 0.00 0.00 (2,489.00) (1,500.00) (1,500.00) 4684-STREET SIGNS (270.00) (1,350.00) (2,710.00) 0.00 0.00 4705-ELECTRIC(SPUC) 0.00 0.00 (1,650,506.37) (2,000,000.00) (2,000,000.00) 8011-TRANSFER FROM ELECTRIC FUND (2,020,770.70) (1,983,038.26) 0.00 0.00 0.00 4751-REFUSE CHARGES (18,075.67) (18,054.67) (8,043.00) (16,000.00) 0.00 4761 -MEMBERSHIP-INSURANCE (774.39) (61.21) (20.00) (37,000.00) (5,000.00) 4762-MEMBERSHIPS (228,706.48) (205,090.82) (163,285.51) (204,000.00) (206,200.00) 4763-MEMBERSHIP-EXEMPT (539.00) 0.00 0.00 0.00 0.00 4766-GENERAL ADMISSIONS (124,308.10) (128,756.46) (171,463.19) (116,500.00) (121,000.00) 4767-ADMISSIONS-EXEMPT (95.00) (701.00) 0.00 0.00 0.00 4770-LESSONS (89,295.00) (77,017.00) (64,985.20) (84,000.00) (81,000.00) 4774-ICE RENTAL-PRIME TAXABLE (48,128.61) (58,053.64) (64,863.79) (50,750.00) (55,000.00) 4775-ICE RENTAL-PRIME EXEMPT (227,499.99) (204,662.10) (99,415.06) (218,125.00) (223,125.00) 2016 Annual Budget Company: 01000- GENERAL FUND Object 10/31/2015 Requested Account Actual Actual Actual Budget Preliminary 2013 2014 2015 2015 Budget 2016 V 4780-YOUTH ACTIVITIES (193,034.29) (223,627.06) (152,120.41) (196,200.00) (203,250.00) 4795-ADULT ACTIVITIES (56,787.18) (46,987.00) (37,487.49) (54,000.00) (55,500.00) 4796-ROOM RENTALS (10,323.11) (12,256.89) (9,953.30) (12,000.00) (12,850.00) 4797-ROOM RENTAL-EXEMPT (2,005.28) (251.45) (25.00) (750.00) (400.00) 4798-PARK FACILITY RENTAL (25,560.22) (28,215.09) (30,880.21) (25,500.00) (31,500.00) 4799-PARK FIELD RENTALS (325.35) (425.23) (646.88) (600.00) (500.00) 4800-SKATE SHARPENING (1,452.00) (1,355.39) (1,801.67) (2,000.00) (2,000.00) 4801 -DAMAGE DEPOSIT 0.00 0.00 (3,176.29) 0.00 0.00 4808-PARK FACILITY RENT-EXEMPT (2,040.00) (650.00) (85.00) (2,000.00) (750.00) 4810-CONCESSION STANDS (27,729.29) (28,998.16) (34,356.00) (27,000.00) (29,000.00) 4812-VENDING CONCESSION COMMISSION (3,816.69) (5,529.82) (3,005.47) (4,750.00) (5,225.00) 4814-NON-RESIDENT FEE (8,967.00) 100.00 0.00 (6,500.00) 0.00 4816-NON-RESIDENT FEE/TOWNSHIP PYMT (1,050.00) (1,290.00) (1,120.00) (1,500.00) (1,400.00) 4817-ARENA ADVERTISING (2,687.50) (2,500.00) 0.00 (2,500.00) (2,500.00) 4818-OTHER RECREATION FEES (2,058.50) (1,186.11) (1,470.83) (2,750.00) (2,000.00) CHARGES FOR SERVICES (4,304,786.73) (4,294,637.57) (3,435,882.89) (4,050,700.00) (4,226,275.00) FINES&FORFEITS: 4821-FINES&FORFEITS (237,903.80) (190,799.01) (6,538.46) (251,000.00) (1,500.00) 4822-FINES&FORFEITS-SJPA (110,357.84) (200,700.64) 0.00 0.00 0.00 FINES&FORFEITS (348,261.64) (391,499.65) (6,538.46) (251,000.00) (1,500.00) MISCELLANEOUS: 4833 -INTEREST (149,606.37) (144,795.71) (108,976.07) (150,000.00) (145,000.00) 4834-CHANGE IN FAIR MARKET VALUE 181,215.62 (39,303.63) 21,364.68 0.00 0.00 4530-ANTENNA RENTAL (8,409.44) (8,745.80) (7,574.85) (9,500.00) (9,500.00) 4843 -COMMISSIONS 1,525.05 (8,130.42) (10,435.80) 0.00 0.00 4845-CONTRIBUTIONS (18,134.38) (14,274.62) (17,992.00) (2,550.00) (4,800.00) 4850-MISCELLANEOUS (21,060.76) (21,544.37) (43,130.88) (19,950.00) (10,948.00) 4852-INSURANCE DIVIDENDS/FEES (108,085.34) (64,301.77) 0.00 (55,000.00) (55,000.00) 4853-INSURANCE REIMBURSEMENT (9,646.87) (32,078.90) (2,738.87) (15,000.00) 0.00 MISCELLANEOUS (132,202.49) (333,175.22) (169,483.79) (252,000.00) (225,248.00) PROCEEDS FROM DEBT ISSUED 0.00 0.00 0.00 0.00 0.00 REVENUES (22,869,399.70) (23,794,187.89) (15,009,273.92) (23,104,893.00) (24,228,023.00) EXPENDITURES: WAGES&BENEFITS: 6002-WAGES 7,951,212.36 8,680,198.07 7,140,183.39 9,546,820.00 10,058,120.00 6005-OVERTIME-FT 281,741.08 340,523.83 248,881.20 328,600.00 338,650.00 6010-PREMIUM PAY 9,105.11 6,239.13 7,718.79 9,000.00 9,000.00 6015-WAGES-PART TIME/TEMP 863,035.52 869,692.24 765,197.55 952,760.00 1,022,230.00 6017-OVERTIME-PART TIME/TEMP 6,648.45 9,613.33 6,066.23 9,150.00 9,800.00 WAGES 9,111,742.52 9,906,266.60 8,168,047.16 10,846,330.00 11,437,800.00 6122-PERA 887,698.11 1,008,028.06 859,103.04 1,065,420.00 1,146,340.00 6124-FICA 407,663.29 454,438.57 359,687.79 493,000.00 570,220.00 6128-FIRE PENSION 114,007.00 113,868.00 0.00 0.00 0.00 6135-HEALTH 1,161,617.89 1,182,038.74 966,198.99 1,137,690.00 1,092,700.00 6139-POST EMPLOYMENT HEALTH PLAN 35,614.33 39,013.26 39,153.41 55,600.00 57,880.00 6140-LIFE/LTD 26,845.35 24,850.61 21,044.81 27,580.00 29,550.00 6145-DENTAL 52,425.28 58,523.66 48,012.85 64,150.00 69,470.00 6160-UNEMPLOYMENT 5,469.63 86.00 513.80 0.00 0.00 6170-WORKERS COMPENSATION 213,754.40 304,186.56 264,341.26 274,290.00 338,940.00 2016 Annual Budget Company: 01000- GENERAL FUND Object 10/31/2015 Requested Account Actual Actual Actual Budget Preliminary 2013 2014 2015 2015 Budget 2016 6180-COMPENSATED ABSENCES 48,658.40 (29,526.24) 0.00 0.00 0.00 BENEFITS 2,953,753.68 3,155,507.22 2,558,055.95 3,117,730.00 3,305,100.00 WAGES&BENEFITS 12,065,496.20 13,061,773.82 10,726,103.11 13,964,060.00 14,742,900.00 SUPPLIES AND SERVICES: 6202-OPERATING SUPPLIES 402,158.10 434,076.06 278,982.97 463,625.00 458,625.00 6203-TOOLS 3,030.17 159.45 3,396.79 1,500.00 1,500.00 6204-FURNISHINGS(NOT CAPITALIZED) 0.00 6,423.00 15,413.90 0.00 12,000.00 6205-GRANT EXPENDITURES 0.00 19,092.79 14,469.30 0.00 0.00 6210-OFFICE SUPPLIES 19,507.88 22,094.01 10,716.42 42,700.00 34,565.00 6211-RECREATION SUPPLIES 39,384.83 37,451.36 24,077.30 45,720.00 50,350.00 6212-UNIFORMS/CLOTHING 64,378.00 72,198.37 67,474.11 56,725.00 61,125.00 6213-FOOD 7,106.55 10,335.96 5,095.28 7,025.00 9,680.00 6215-MATERIALS 206,980.97 167,360.09 104,048.23 212,500.00 211,650.00 6222-MOTOR FUELS&LUBRICANTS 277,077.94 276,373.13 138,072.93 302,695.00 305,000.00 6230-BUILDING MAINT SUPPLIES 43,797.34 58,873.57 38,240.64 69,250.00 64,000.00 6240-EQUIPMENT MAINTENANCE 52,364.88 72,002.69 87,832.67 52,000.00 83,800.00 6250-MERCHANDISE 7,907.95 18,416.28 35,947.32 21,000.00 20,350.00 6310-ATTORNEY 497,173.75 274,713.31 60,509.77 174,550.00 121,150.00 6312-ENGINEERING CONSULTANTS 6,963.07 0.00 0.00 0.00 0.00 6312-ENGINEERING CONSULTANTS 12,354.45 16,055.50 7,725.50 24,000.00 25,000.00 6314-COMPUTER SERVICES 0.00 195.00 0.00 400.00 400.00 6315-BUILDING MAINT. 175,378.28 176,153.25 128,825.54 220,250.00 222,200.00 6316-EQUIPMENT MAINTENANCE 222,012.08 217,310.86 186,237.24 275,890.00 210,950.00 6318-FILING FEES 416.00 2,280.15 288.65 1,350.00 2,850.00 6320-LODGING TAX 274,794.58 296,234.80 265,704.48 308,750.00 308,750.00 6322-PAVEMENT PRESERVATION 432,363.17 445,055.35 527,216.61 530,000.00 520,000.00 6324-TRANSPORTATION 6,499.25 5,615.00 9,489.00 8,200.00 8,500.00 6325-PERFORMERS/INSTRUCTORS 23,780.38 23,857.74 16,505.69 31,025.00 30,650.00 6326-CLEANING SERVICES 84,140.53 80,399.14 72,983.00 92,500.00 93,500.00 6327-OTHER PROF SERVICES 611,836.32 686,721.73 801,590.55 984,050.00 984,100.00 6332-POSTAGE 22,600.77 25,675.31 20,523.17 36,150.00 39,360.00 6334-TELEPHONE 77,360.83 69,265.22 55,473.97 77,390.00 81,020.00 6336-PRINTING/PUBLISHING 96,538.74 95,417.92 66,409.13 95,585.00 111,660.00 6338-ADVERTISING 2,576.66 4,486.29 3,848.55 8,200.00 10,850.00 6339-COMPUTER ACCESS 6,239.70 6,431.26 7,756.20 5,700.00 5,550.00 6352-LIABILITY 336,494.92 392,078.11 1,755.13 176,700.00 448,250.00 6354-PROPERTY 0.00 9,749.00 492,031.98 166,300.00 0.00 6356-AUTO 195.05 0.00 0.00 55,900.00 0.00 6362-ELECTRIC 400,043.76 386,347.04 310,293.63 425,000.00 429,500.00 6364-WATER 41,866.33 31,690.10 29,296.90 47,100.00 45,850.00 6365-GAS 124,311.61 167,649.44 97,589.52 156,900.00 169,400.00 6366-SEWER 9,889.82 9,608.56 7,454.25 11,070.00 11,070.00 6367-REFUSE 0.00 642.77 0.00 150.00 150.00 6368-STORM 29,728.20 30,143.80 18,816.03 35,780.00 35,905.00 6410-SOFTWARE-ANNUAL FEES 170,236.56 160,038.54 126,416.31 177,250.00 189,250.00 6415-SOFTWARE-ANNUAL FEES(IS FUND) 279,999.96 303,600.00 286,000.00 343,200.00 349,800.00 6420-EQUIPMENT RENT 1,248.79 13,262.72 1,948.91 3,130.00 1,715.00 6425-EQUIPMENT RENT(IS FUND) 619,263.00 701,337.96 386,986.80 464,384.00 612,868.00 6430-BUILDING RENT(IS FUND) 907,200.00 878,029.08 585,358.30 827,430.00 852,260.00 6435-OTHER RENT 129,263.15 132,449.23 110,206.77 9,300.00 4,300.00 6472-CONFERENCE/SCHOOL/TRAINING 100,140.28 97,372.69 96,003.63 135,460.00 143,485.00 2016 Annual Budget Company: 01000- GENERAL FUND Object 10/31/2015 Requested Account Actual Actual Actual Budget Preliminary 2013 2014 2015 2015 Budget 2016 6475-TRAVEL/SUBSISTENCE 33,269.45 39,675.71 32,933.63 49,450.00 52,500.00 6480-DUES 159,081.87 162,917.19 160,336.26 173,780.00 174,085.00 6490-SUBSCRIPTIONS/PUBLICATIONS 3,536.86 5,162.04 3,404.25 5,150.00 5,150.00 6471 -WELLNESS PROGRAM 1,939.45 3,995.53 7,151.13 0.00 0.00 6497-FLEET CHARGE BACK (64,760.00) (59,760.00) 0.00 0.00 0.00 6498-EXPENSE CHARGED BACK 0.00 0.00 0.00 0.00 0.00 SUPPLIES AND SERVICES 6,959,672.23 7,086,714.10 5,808,838.34 7,412,164.00 7,614,673.00 DEPRECIATION: DEPRECIATION 0.00 0.00 0.00 0.00 0.00 MISCELLANEOUS EXPENSE: 6610-AWARDS&DAMAGES 0.00 0.00 831.60 0.00 0.00 6620-PROPERTY TAX/SPECIAL ASSESS 0.00 0.00 0.00 0.00 0.00 6630-PAYMENT TO FIRE RELIEF 237,892.50 227,167.72 247,626.18 223,893.00 225,000.00 6640-DESIGNATED MISCELLANEOUS 69,908.84 47,184.23 45,316.26 140,000.00 105,000.00 6645-SERVICE AWARDS 0.00 0.00 1.815.33 0.00 5,000.00 6650-CREDIT CARD FEES 13,953.70 18,838.31 18,652.37 15,000.00 19,700.00 6660-BANK FEES-NSF FEE (477.58) 279.70 (299.67) 550.00 750.00 6661 -CASH SHORT 0.00 39.00 57.48 0.00 0.00 6670-RECREATION SCHOLARSHIPS 0.00 1,635.00 1,184.00 0.00 2,500.00 6671 -DONATED GIFT CARDS 0.00 140.75 0.00 0.00 0.00 6681 -CONTINGENCY 50,584.36 18,003.99 0.00 55,000.00 110,000.00 6685-CONTINGENCY-DESIGNATED 1,665.77 0.00 0.00 55,000.00 0.00 MISCELLANEOUS EXPENSE 373,527.59 313,288.70 315,183.55 489,443.00 467,950.00 CAPITAL OUTLAY: 6730-BUILDINGS 29.434.44 0.00 0.00 0.00 0.00 6740-EQUIPMENT 111,271.78 44,971.58 0.00 1,500.00 1,500.00 6760-IMPROVEMENTS 0.00 0.00 21,800.45 0.00 0.00 CAPITAL OUTLAY 140,706.22 44,971.58 21,800.45 1,500.00 1,500.00 EXPENDITURES 19,539,402.24 20,506,748.20 16,871,925.45 21,867,167.00 22,827,023.00 OTHER FINANCING: TRANSFERS IN: 8010-OPERATING TRANSFERS IN 0.00 (180,000.00) (250,000.00) (250,000.00) (250,000.00) 8019-TRANSFER IN CAPITAL PROJECT FD (150,000.00) 0.00 0.00 0.00 0.00 TRANSFERS IN (150,000.00) (180,000.00) (250,000.00) (250,000.00) (250,000.00) TRANSFERS OUT: 8053-TRANSFERS OUT 3,550,000.00 1,642,697.00 0.00 0.00 0.00 8054-OPERATING TRANSFER/DEBT SERV 60,000.00 0.00 0.00 0.00 0.00 8056-OPERATING TRANSFER/CAPITAL FD 0.00 750,000.00 1,000,000.00 1,000,000.00 1,200,000.00 8058-OPERATING TRANSFER SPEC REV 300,000.00 330,000.00 900,000.00 900,000.00 900,000.00 TRANSERS OUT 3,910,000.00 2,722,697.00 1,900,000.00 1,900,000.00 2,100,000.00 GAIN/LOSS ON DISPOSAL OF ASSET: 4855-SALE OF ASSETS 0.00 0.00 (566.00) 0.00 0.00 8101 -PROCEEDS FROM SALE(GAIN/LOSS) (150.00) (314.49) 0.00 0.00 0.00 GAIN/LOSS ON DISPOSAL OF ASSET (150.00) (314.49) (566.00) 0.00 0.00 UNALLOCATED-FUND BALANCE 0.00 0.00 0.00 0.00 (449,000.00) OTHER FINANCING 3,759,850.00 2,542,382.51 1,649,434.00 1,650,000.00 1,401,000.00 Total 01000-GENERAL FUND 429,852.54 (745,057.18) 3,512,085.53 412,274.00 0.00 RESOLUTION NO.7650 A RESOLUTION ADOPTING THE 2016 BUDGET BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY COUNCIL OF THE CITY OF SHAKOPEE,MINNESOTA that the 2016 Budget with the estimated revenues and appropriations for the General Fund as shown below is hereby adopted. GENERAL FUND REVENUES: TAXES $ 17,150,900 SPECIAL ASSESSMENTS 11,500 LICENSES AND PERMITS 1,504,100 INTERGOVERNMENTAL 1,108,500 CHARGES FOR SERVICES 4,226,275 FINES AND FORFEITURES 1,500 MISCELLANEOUS 225,248 TOTAL REVENUES 24,228,023 EXPENDITURES: MAYOR AND COUNCIL (185,260) ADMINISTRATION (1,555,530) CLERK (399,170) FINANCE (1,243,700) PLANNING (674,905) FACILITIES (408,986) POLICE (7,625,014) FIRE (2,079,785) BUILDING INSPECTIONS (669,967) ENGINEERING (739,178) STREET (2,225,116) FLEET (429,595) PARK MAINTENANCE (1,644,596) NATURAL RESOURCES (198,092) RECREATION (2,529,679) UNALLOCA IED (218,450) TOTAL EXPENDITURES (22,827,023) OTHER FINANCING SOURCES/(USES): TRANSFERS IN 250,000 TRANSFERS OUT (2,100,000) USE OF FUND BALANCE 449,000 TOTAL OTHER FINANCING SOURCES/(USES) (1,401,000) NET $ - Adopted in session of the City Council of the City of Shakopee,Minnesota held this day of December,2015. Mayor of the City of Shakopee ATTEST: City Clerk Resolution No. 7651 A RESOLUTION SETTING 2015 PROPERTY TAX LEVY, COLLECTIBLE IN 2016 BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF SHAKOPEE, MINNESOTA, that the following amounts be levied as the proposed maximum tax levy in accordance with existing law for the current year upon the taxable property in the City of Shakopee; General Operating Levy $ 16,825,900 Debt Service 2004B $ 238,027 Debt Service 2006A $ 315,390 Debt Service 2007B $ 94,992 Debt Service 2010A $ 88,500 Debt Service 2012A $ 47,386 BE IT FURTHER RESOLVED, that the City clerk is hereby instructed to transmit a certified copy to this resolution to the County Auditor of Scott County, Minnesota Adopted in regular session of the City Council for the City of Shakopee, Minnesota held this 1st day of December, 2015. Mayor of the City of Shakopee ATTEST: RESOLUTION NO. 7652 A RESOLUTION CANCELING DEBT SERVICE LEVIES FOR 2015/2016 BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF SHAKOPEE, COUNTY OF SCOTT, MINNESOTA,that the following debt service levies are cancelled: 2004B Building Refunding Bonds $ 7,909.25 2006A GO Improvement Bonds $ 29,751.00 2007A GO Improvement Bonds $ 6,916.00 2008 A GO Improvement Bonds $153,403.00 2010A GO Improvement Bonds $ 19,566.50 2012A GO Refunding $511,791.50 BE IT FURTHER RESOLVED that the following irrevocable transfer is made from the Building Internal Service Fund to the 2012A GO Refunding Debt Service Fund, in the amount of $466,680.00, with the difference required for payment of annual debt service needs to be paid from the fund balance in the debt service fund. The Debt Service issue for the 2004B Building Referendum(Fire building)will require a cancellation of$7,909.25, as the City will levy $238,027 of the $245,936.25 total levy. Adopted in regular session of the City Council of the City of Shakopee,Minnesota held this 1st day of December 2015. Mayor of the City of Shakopee ATTEST: City Clerk C er M N- O M co en N� ' en 00 V) O cD O en N V1 O en V) 00 V M en 01 00 W) C et N 10 O N 00 V) N AO en N i N "0 O N Oi .— krC N .-i b triM 0 et v h O N 01 00 00 N --. N- en N 00 10 O F"' ,-- 0VO en N N— 'f) 00 s0 V) N— r--. i 01 r '--: N O ... ,-. b co 00 1 N O en '-0 '-0 ' ' 00 N )D O - O L. O .1- N- N O ‘.0M M N- Q1 00 CO Q M O N O N- 00 O N- C`. C1 N— en )O en N .0„ lit) O CO et N v) M d O C1 '-. N: A0 N: ..y C 7 b N O 00 01 v) - ,.0 'C V) .-. e- 0 V') O 47 M 00 .\-I en en '-D et 'n V) 'f) v) of V) N au 7 N 7 O 00 01 S O M N N ' ' N— N- O ' V) y O „y N O en 01 0 l0 O e O N 00 N- V') O 'n el. et O V) VD p L 7 V) O '!1 1D N v) N� 00 00 00 01 00 l. .-. n'M N en N O O O .-. 00 O N r N O 01 00 5 O O ' en en ' ' O y co Q1 V) 00 et O O 00 00 O O O 7 O ,.y N O en O O O 7 e- 00 000 L 7 O )r O O v) ) eY t-: Nz M M o0 N E N N O N '0 CO O O N ' N ' N ' N ' j O - en O -r-- O 00 O O 0C1 C1 C a .Of 'I) O vO vO N o Nn N N et 7 N O =C Noer E N �-. \O M 01 01 D1 01 M -r N O et 00 O O O 'nn ' ' 0 ' i y O N` v) 01 v) co O e- 7 .-. .-. O — 7 M 00 O .- -- 01 01 C L M ON N 0000 O OM1 •O - o 0 10 �D H ~ N O 0 0 0 0 O ' kin—, ' —, O �r > co .-r S O ON N N S M E M O O N� O M O C, M M 'n C' If) C O C 7 N 0 00 et N 77- 7 N No en 7 „y et 7 1---- en en M en ,_ M N O en ' en O 00 \0 '0 O ' V0 O - ' ' tom O n - N O N 0 01 co OM1 001 0 ?a R', U) v) o o o Ir oe o C" o vi N- 06 p .p O N N en N .V N N N en N M '-ti N a N N ti V) 'O QM NE N 5 ~ w � a a \ �U N . - 7 :cd cC p p ^ coU W C9 L 0 L. co N y 0 �+ .0 N N C C . N py �� V x -p .-, 0 F p O FT 9 O• W V Q O N C V y 72) b79 0 ."' bUL) 6 > 0 wzzW '" A rZi -o ' E " C-) s a0. cLC E C gip. p Z � 0 N N p > a' 0 —R- 0 V V V w 0 ea .*1 F,q C L id i0 O,. v) N •a 04 rc., N ra i-a 04 C N U N A O WWW c`_ 4 A A Nn 0 .a A A cn 0 .a A SCOTT COUNTY City of Shakopee OFFICE OF THE AUDITOR TAXING DISTRICT NAME PAYABLE 2016 FINAL LEVY CERTIFICATION Expenditure Gross Certified Property Tax Aid Net Certified NTC Levy Category NTC Levy LGA (A-B=C) (A) (B) (C) General Revenue $ 16,825,900.00 S 16,825,900.00 Road&Bridge S G.O.Debt Service* $ 546,268.00 S 546,268.00 Non-G.O. Debt Srvc* Total $ 17,372,168.00 $ - S 17,372,168.00 *provide breakdown of certified NTC levy by individual bond on attached sheet Market Value Based Referenda Levy 1 $ 238,027.00 *provide breakdown of certified RMV levy by individual bond on attached sheet (A)-Levy Requirement Amount needed to fund services (B)-LGA(Local Government Aid) ) This aid is certified to the taxing district by the Department of Revenue. It can be used to reduce any single levy item ) or a combination of levy requirements. (C)-Certified Levy Levy certified to the taxation department. ROUND TO THE NEAREST WHOLE DOLLAR. DO NOT CERTIFY PENNIES. The Taxation Department will deduct Fiscal Disparities from all certified levies. (You must submit your resolution with this certification) PLEASE NOTE: All debt must be accounted for in your resolution whether it is a part of your levy or not. If the amount levied is less than the required amount from the payment schedule for the bond, you must pass a resolution stating that you have sufficient funds for that bond. This can be included in the same resolution with your levy. Scott County will be verifying the levy requirements based on the payment schedule in our Bond Register. Before signing, please verify the following: * MAKE SURE THAT ALL LINES ADD ACROSS AND ALL COLUMNS ADD DOWN TO THE TOTAL LINE * BREAKDOWN OF DEBT SERVICE LEVY BY INDIVIDUAL BOND HAS BEEN PROVIDED * AMOUNTS REPORTED MATCH ANY OTHER SUPPORTING DOCUMENTATION Signature of person completing this form Phone number Interim Finance Director 12/2/2015 Title Date SPECIAL TAXING DISTRICTS and CITIES OF 500 OR LESS POPULATION ONLY: THIS IS YOUR FINAL LEVY. THIS FORM MUST BE RETURNED TO THE DEPARTMENT OF TAXATION BY: DECEMBER 28, 2015 FOR ALL TAXING DISTRICTS 2016 LEVY CERTIFICATION Net Tax Capacity Debt Service Schedule NAME OF TAXING DISTRICT City of Shakopee PLEASE NOTE: All debt must be accounted for in your resolution whether it is a part of your levy or not If the amount levied is less than the required amount from the payment schedule for the bond,you must pass a resolution staling that you have sufficient funds for that bond. This can be included in the same resolution with your levy. Scott County will be verifying the levy requirements based on the payment schedule in our Bond Register. You must submit your resolution with this certification form. General Obligation Bond Required Levy amount "Amount funded by NTC Amount funded by List other funding Bond Description (Y or N) per Bond Schedule Debt Levy Other Sources source (A-B=C) (B) - C) $ $ $ GO Improvement Bonds,Series 2006A y $ 345,141.00 $ 315,390.00 $ 29,751.00 Fund balance GO Improvement Bonds,Series 2007A y $ 6,916.00 0 $ 6,916.00 Fund balance GO Improvement Bonds,Series 2007B y $ 94,992.00 $ 94,992.00 $ GO Improvement Bonds,Series 2008A y $ 153,403.00 $ - $ 153,403.00 Fund transfer GO Improvement Bonds,Series 2D10A y $ 108,066.50 $ 88,500.00 $ 19,566.50 Fund transfer GO Improvement Refunding Bonds,Series2012A y $ 432,160.31 $ 47,386.00 $ 384,774.31 Fund transfer $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 1 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Total G.O. Debt $ 1,140,678.81 $ 546,268.00 $ 594,410.81 Total Non-G.O. Debt Debt Service Total ***The amount funded by levy must match total of debt on levy certification form(if any) 2016 LEVY CERTIFICATION Market Value Referenda Debt Service Schedule NAME OF TAXING DISTRICT City of Shakopee PLEASE NOTE: All debt must be accounted for in your resolution whether it is a part of your levy or not. If the amount levied is less than the required amount from the payment schedule for the bond,you must pass a resolution stating that you have sufficient funds for that bond. This can be included in the same resolution with your levy. Scott County will be verifying the levy requirements based on the payment schedule in our Bond Register. You must submit your resolution with this certification form. General Obligation "Amount funded by Bond Required Levy amount per Market Value Referenda Amount funded by List other funding Bond Description (Y or N) Bond Schedule Levy Other Sources source (A-B=C) (A) (B) (C) $ $ $ G.O. Building Refunding Bonds, Series 2004B Y $ 245,936.25 $ 238,027.00 $ 7,909.25 Reserves $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Total G.O. Debt Total Non-G.O. Debt Debt Service Total "The amount funded by Market Value Levy must match total of'Market Value Based Referenda Levy'on levy certification form(if any) r. 44.444 RAMA' APO' , • • -• CD o N O zim a1 cam, 0 • • • • • 10 W �- (D C ❖:� O �D O A lce7•7"! -, r V "ti;R• w...::t? X X = 0 ,..1 CD CU • CD • = CCID _ <rD • e--F r'r rr .• rD • * * 0 C . . • � � n r) rD 0 11MP 111ZalliN Z CD jo k w "mow � TJ T CCD CD CD r.i-Awl, -S e--h (D r‘ (70 3 ... Ce c (D M 3 CC CC• _•rDs 3 %.., (f) tn CO 5 (toCD CIC) Cep ,--1- rt r+ � (-I- CD CC r- D 1 1- 1 F-, N Mt N.) D cu Z al a1 N (D • U1 CD CD — Crg e 0_ 3 j" J. 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