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HomeMy WebLinkAbout3. FY 2012 Budget Discussion 1 August 10, 2012 To: Mayor and Council From: Mark McNeill, City Administrator Julie A. Linnihan, Finance Director Subject: Budget Work Session August 13, 2012 Action Requested: On -going review of components of the 2013 proposed budget, prior to determination of the preliminary levy and budget. General Fund: Police Department Budget Continuing the review of City departmental budgets, the Police Chief will be present to provide details and updates on the 2013 proposed budget for the Police Department. Chief Tate has included an information sheet that includes discussion of the staffing updates he is requesting. Facilities Budget This portion of the General Fund budget provides for full composition of facility programs for 2013. The narrative lists the buildings that are served by City staff as well as contractual services. As the buildings continue to age and require additional maintenance, the planning for future needs will drive the budget planning process. Kris Wilson will present the specific details of this budget program. Internal Service funds: Information Technology (IT) Attached for your review is updated information related to the internal service IT fund. Kris Wilson will present the specific details of this budget program. Equipment Fund During the past 6 months, staff has worked extensively on establishing a useful work plan for the future funding and purchases of existing and anticipated equipment. Mike Hullander, Public Works Superintendent, will present the equipment plan and be available for questions on specific equipment and departmental items. The rates for departmental charges are discussed in the attached memo, as these rates are presented in the individual General fund departments. H: \BUDGET\Budgetl3 \Council Worksession 8 -13 -12 \Cover memo.docx Debt Service: 2 Similar to the 2012 budget process, an updated work paper has been included for discussion of the debt that has been issued historically for projects, and two building projects. As the memo presents, the • funding for the future debt payments will need to be addressed. Scott County Property Tax Information: Scott County provides each City with updated "what if" comparison sheets, based on the most current information available. The memo attached for this portion of the discussion details the specific information that is presented on the Shakopee residential impacts. For the 2013 estimates, the City will experience a reduction in the Net Tax Capacity, which results in an increase in the Tax Rate. Staff has provided early projections if the tax levy a) remained at the 2012 level b) increased 5% c) increased 5% plus an additional $30,000 in Fire Referendum levy. These estimates will be changing as additional information is received by Scott County. These sheets will be updated and routed to Council, but the primary information to be taken from this data is the reduction of the Tax Capacity from 2012 to 2013. This is an adjustment from the historical years of growth that allowed for increased tax base, and enabled tax levy increases without significant impact on the properties. As the City continues to deal with the economic impact of property values and adjustments, this issue will continue to be a base for discussion in establishing a property tax levy. • H: \BUDGET\Budgetl3 \Council Worksession 8 -13 -12 \Cover memo.docx