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Home My WebLink About6. General Fund Revenues 30 August 17,2012 To: Mayor and City Council From: Julie A. Linnihan, Finance Director Subject: 2013 General Fund Revenues—Preliminary Budget Action Requested: Review of estimated revenues for the 2013 Budget year.The primary categories of revenues will be defined for the General fund. Overview: The General fund is the major fund for the overall City operations that provide funding for the Administration (General Government), Public Works, Public Safety, Community and Economic Development, Park and Recreation and Miscellaneous categories of activities.The categories of revenues and their primary components are as follows: • Taxes—This category is comprised of the most substantial amount of revenue, as the property tax levy.The property tax revenues, when received from the County consist of current, delinquent and mobile home taxes.The fiscal disparities revenue is also included in this total. • Special Assessments—The General fund collect only a small amount of special assessments. The unpaid garbage and other smaller bills are recorded in this category after the amounts are certified to Scott County, late each year,for collection in the following year. The city retains only an administration fee for the delinquent garbage as the remainder is turned over to dicks sanitation as they complete the services. • Licenses and Permits—The licenses consists primarily of Cable franchise fees(per agreement), liquor license and other miscellaneous license application revenues. Permit revenues consist of building permits and other building related permits, such as plan review fees, mechanical and electrical permits, etc. • Intergovernmental—This includes substantial revenues from the major Federal,State, County or other governmental entities.These revenues are from Grants for Public Safety(Toward Zero Death projects, seat belt enforcement)State aid for Police,State aid for Fire, and State Aid Road maintenance funds, used for seal coating and crack filling projects. • Charges for Services—These revenues are primarily for fees charged for specific services such as Engineering fees for projects (public &private), Police services billed to Valleyfair, Canterbury, Fire service fees billed to the Townships, as well as charges to other entities for use of City facilities,such as the fueling stations and car/truck wash sites. These revenues also include the payment from SPUC for electric and water. This revenues source has been historically recorded as transfers. • Fines and Forfeits—comprised of revenues routed through Scott County for violations and fines related to public safety law enforcement. • Miscellaneous—includes revenues from interest earnings on investments, as well as any unanticipated revenues that have not been provided in the budget process. 31 GENERAL FUND REVENUE OVERVIEW 2013 PRELIMINARY BUDGET GENERALFUND GENERALFUND GENERALFUND GENERALFUND Actual Actual Budget Preliminary Budget 2010 2011 2012 2013 2013 _ ._..�_._.o ______...�.�� ..____.._.______.._..__...__.____. _..�,._ Property Taxes 13,554,931.62 14,279,016.22 13,407,920.00 13,962,000.00 Tax Increments 2,074.88 0.00 0.00 0.00 Special Assessments 28,988.14 21,905.73 11,000.00 11,000.00 Licenses and Permits 1,303,896.02 1,225,�60.50 1,275,300.00 1,316,700.00 Federal 15,242.13 5,99�.50 5,000.00 5,000.00 State 797,168.87 779,545.51 606,760.00 742,500.00 County 8,049.76 9,602.53 8,000.00 8,000.00 Other Intergovernmental 8,444.80 931.64 0.00 0.00 Intergovernmental 828,905.56 796,075.18 619,760.00 755,500.00 Charges for Services 3,844,681.96 3,879,116.69 3,890,630.00 3,776,300.00 Fines and Forfeitures 423,746.32 357,249.16 436,000.00 425,000.00 Interest Income 316,086.53 274,745.73 409,000.00 225,000.00 Other 104,610.88 122,731.76 71,400.00 83,500.00 Miscellaneous 420,697.41 397,477.49 480,400.00 308,500.00 Transfers I�i 2�4,400.00 122,400.00 222,400.00 100,000.00 �� Revenues 20,6�2,321.91 21,078,800.97 20,343,a10.00 20,6��,000.00 Page 1 of 1 �� LAWRENCE P�xHURS`r, P.A. � � Certified Prtiblic Accountants and Business Advisers i�55 East Wayzata Boulevard • Suite 305 • Wayzata,MN 5539� 95�•475•997� ' 95�•475•��74 FAx www.parkhurstcpa.com February 21, 2013 City of Shakopee Mark McNeill 129 Holmes Street S Shakopee, MN 55379 RE: Burdette Stief Land Donation Dear Mark: Enclosed are five copies of form 8283 in regards to Burdette Stief's Land Donation. Could you please sign all five copies, keep the copy that is stamped client copy for your records and return the remaining four signed copies to us in the enclosed postage paid envelope. We appreciate your assistance with this matter. If you have any questions feel free to contact me at 952-475-9970 or via email at lparkhurst@parkhurstcpa.com. Sincerely, G�,,CtiL!/h� Lawrence Pazkhurst, PA C2�850 02/21I2013 9:19 AM . �� .. t \ � � Form �2�3 �� Noncash Charitable Contributions OMBNo 1545-0908 �Re� oeoember zoiz� ►Attach to your tax return if you claimed a total deduction Dapartment of the Treasury of over;500 for all contributed property. Attachment Intemal Revenue Service ►Information about Form 8283 and its se arate instructions is at www.irs. ovlforms283. saq�a��a No. 155 Name(s) shown on your income tex retum Identifying number BURMAHI INC. 41-0912246 Note. Figure the amount of your contribution deduction before completing this form.See your tax return instructions. Section A. Donated Property of$5,000 or Less and Certain Publicly Traded Securities—List in this section only items (or groups of similar items) for which you claimed a deduction of$5,000 or less. Also, list certain publicly traded securities even if the deduction is more than $5,000 (see instructions). ;;:I��Ct I Information on Donated Pro e —If ou need more s ace attach a statement. (a)Name and address ot the (b)If donated property is a vehicle(see instructions), (c)Description of donaled proparty � check Ihe box. Also enler the vehicle identification (For e donated vehicle,enter the year,make,model,contlition,and donee orgenization number unless Form 1098-C is attached milea e,unlesa Form 109B-C is attached. A B C D E Note. If the amount ou claimed as a deduction for an item is$500 or less, ou do not have to com lete columns e , and (d)Date of lhe (e)Date acquired (f)How acquired (g)Donors cost (h)Feir markel value (I)Method used to delertnine contnbution by donor(mo.,yr.) by donor or adjusted basis (see inatrudions) lhe fair market value A B C D E (�art I� ' , Partial Interests and Restricted Use Property—Complete lines 2a through 2e if you gave less than an entire interest in a property listed in Part I. Complete lines 3a through 3c if conditions were placed on a contribution listed in Part I; also attach the required statement(see instructions). 2a Enter the�etter from Part I that identifies the property for which you gave less than an entire interest ► If Part II applies to more than one property,attach a separate statement. b Total amount claimed as a deduction for the property listed in Part I: (1) For this tax year ► (2) For any prior tax years ► c Name and address of each organization to which any such contribution was made in a prior year(complete only if different from the donee organization above): Name of chantable organization(donee) Address(number,street,antl room or suite no.) City or town,state,and ZIP code d For tangible property,enter the place where the property is located or kept► e Name of any person,other than the donee organization,having actual possession of the property► 3a Is there a restriction,either temporary or permanent,on the donee's right to use or dispose of the donated Yes No property? _.. _ _ _ _. b Did you give to anyone(other than the donee organization or another organization participating with the donee organization in cooperative fundraising)the right to the income from the donated property or to the possession of the property,including the right to vote donated securities,to acquire the property by purchase or otherwise,or to designate the person having such income,possession,or right to acquire7.. . c Is there a restriction limitin the donated ro e for a articular use7 For Papervvork Reduction Act Notice,see separate instructions. Form 8283�Rev.iz-zo�s� DAA 02650 02/21l2013 9:16 AM ,Fcrrr�8?�g3 Rev. 12-2012 Pa e 2 Name(s)shown on your income tax retum Identifying number BURMAHI INC. 41-0912246 Section B. Donated Property Over$5,000 (Except Certain Publicly Traded Securities��ist in this section oniy items(or groups of similar items)for which you claimetl a deduction of more than$5,000 per item or group(except contributions of certain publicly traded securities reported in Section A).An appraisal is qenerally required for property listed in Section B(see instructions) ;P�st t ' '> Information on Donated Propertv—To be completed by the taxpayer and/or the appraiser 4 Check the box that describes the type of property donated: a Art'(contribution of$20,000 or more) b Qualified Conservation Contribution c Equipment d Art*(contribution of less than$20,000) e X Other Real Estate f Securities g Collectibles" h Intellectual Property i Vehicles j Other 'Art includes paintings,sculptures,waterwlore,pnnts,drewings,ceramics,antiques,decorative erts,textiles,carpets,silver,rere manuscnpts,histoncal memorabilia,and other similar objects. "Colleclibles include coins,stamps,books,gems,jewelry,sports memorebilla,dolls,etc.,but not art as de(ned above, Note. In certain cases,you must attach a qualified appraisal of the property.See instructions. 5 (a)Description ot donated property(n you need (b�Ii tangible property was donated,9ive a 6riei summary of ihe overall (c)Appraised fai� more space,attach e separate statement) physical conditbn Of the property at the time Of the grft market value A VACATSD LAND-1ST AVENUB EAST SHAROPSE I�IId SATISFACTORY 970,000 B C D (d)Date acquired a (�Donofs cost or (g)For bar ein sales,enter See instructions O How acqwrad by donor 9 by donor(mo.,yr.) adjusled besis amount received (h)Amount claimed as a (I)Average treding pnce deducGon otsecunties A Ol O1 93 PURCHASE 250, 015 e c D �'�rt I! !;: Taxpayer(Donor) Statement— List each item included in Part I above that the appraisal identifies as having a value of$500 or less. See instructions. I declare that the following item(s)included in Part I above has to the best of my knowledge and belief an appraised value of not more than$500(per item). Enter identifying letter from PaR I and describe the specific item.See instructions.► Signature of taxpayer(donor)► Date► ! F?�it'�:ltt>:::: Declaration of Appraiser I declare that I am not the donor,the donee,a party to the transaction in which the donor acquired the property,employed by,or related to any of the foregoing persons,or married to any person who is related to any of the foregoing persons.And,if regularly used by the donor,donee,or party to the transaction,I performed the majority o(my appraisals during my tax year for other persons. Also,I declare that I perform appraisals on a regular basis;and that because ot my qualifications as described in the appraisal,I am qualified to make appraisals of the type of property being valued.I certify that the appraisal fees were not based on a percentage of the appraised property value.Furthermore,�understand that a false or fraudutent overstatement of the property value as described in the qualified appraisal or this Form 8283 may subject me to the penalty under section 6701(a)(aiding and abetting the understatement of tax liabifity).In addition,I understand that I may be subject to a penalty under section 6695A if I know,or reasonably shouid know,that my appraisal is to be used in connection with a return or claim for refund and a substantial or grass valuation misstatement results from my appraisal.I affirm that I have not been barred from presenting evidence or testimony by the O�ce of Professional Responsibility. Sign Here Signature� Title� Date� Business address(including room or suite no.) Identifying number 3144 HENNEPIN AVENUE STE 202 City or town,state,and ZIP code MINNEAPOL25 MN 55408 !P�rt(V Donee Acknowledgment—To be completed by the charitable orqanization This charitable organization acknowledges that it is a qualified organization under section 170(c)and that it received the donated property as described in Section B, Part I,above on the following date► Furthermore,this organization affirms that in the event it sells,exchanges,or otherwise disposes of the property described in Section B, Part I(or any portion thereo�within 3 years after the date of receipt,it will file Form 8282,Donee Information Return,with the IRS and give the donor a copy of that form.This acknowledgment does not represent agreement with the claimed fair market value. Does the or anization intend to use the ro e for an unrelated use? ► Yes No _ Neme of chantable organization(donee) Employer identiflcation number CITY OF SHAKOPEE Address(number,streat,antl room or suite no.) City or town,state,and ZIP code 129 HOLMES STREET SOUTH SHAKOPEE MN 55379 AuthonzedsipnaWre', Title , Dete ��L"'.� � �� C'_i�4'' �• 1 �I, "�-1.-�,L �l)< <i�`,� ��r - � � D�' Fortn$Z 3(Rev.12-2012)