HomeMy WebLinkAbout3. 2013 EDA Tax Levy Consent Resolution No. CITY OF SHAKOPEE
Memorandum
To: Mayor and Council
Mark McNeill, City Administrator
From: Julie A. Linnihan, Finance Director /City Clerk
Re: 2013 EDA Tax Levy Consent Resolution No.
Date: September 4, 2012
Action Requested:
Approval of the 2013 EDA preliminary budget.
Background
The proposed 2013 budget provides for three significant adjustments from prior year budgets.
• Includes recently approved Economic Development Specialist (08/28/12 Council Work
session)
• Provides for the recently approved facade loan program - $150,000
• Provides for the fund transfers from the General Fund Property Tax Levy for:
$80,000 EDA portion of the General fund levy, $150,000 Facade Loan Program and
$70,000 for the newly added position. Total transfer to the EDA fund - $300,000.
Action
Approve preliminary 2013 EDA Budget. The final budget will be presented to Council at the
December 4, 2012 City Council meeting.
2013 Preliminary Budget
Division: EDA
Preliminary
Actual 2010 Actual 2011 Budget 2012 Budget 2013
REVENUES:
TAXES $ (1,548.84) $ (2,427.15) $ - $ -
MISCELLANEOUS (13,423.46) (15,106.34) (10,000.00) (5,000.00)
TOTAL REVENUES (14,972.30) (17,533.49) (10,000.00) (5,000.00)
EXPENDITURES:
WAGES & BENEFITS 15,262.76 24,614.84 13,040.00 98,795.00 *
SUPPLIES & SERVICES 218.25 22.44 100.00 200.00
PROFESSIONAL SERVICES 437.50 1,413.00 21,000.00 27,000.00
COMMUNICATIONS 22.23 1.05 1,150.00 2,150.00
INSURANCE 290.00 638.78 639.00 700.00
RENTALS 4,416.00 4,176.00 4,130.00 4,130.00
DUES /TRAINING /TRAVEL - - 1,930.00 1,000.00
DESIGNATED MISCELLANEOUS 13,865.29 25,850.00 - 150,000.00 **
TOTAL EXPENDITURES 34,512.03 56,716.11 41,989.00 283,975.00
TRANSFERS IN (1,122.85) (79,909.28) (80,000.00) (300,000.00) * **
TRANSERS OUT 11,200.00 11,200.00 11,200.00 -
TOTAL OTHER FINANCING 10,077.15 (68,709.28) (68,800.00) (300,000.00)
NET FUND IMPACT $ 29,616.88 $ (29,526.66) $ (36,811.00) $ (21,025.00)
* Includes recently approved Economic Development Specialist at the 8/28/12 Council Worksession.
* * Provides for the recently approve facade loan program.
* * * Provides for the fund transfers from the General Fund Property Tax Levy for:
$80,000 EDA Levy, $150,000 Facade Loan Program and $70,000 for the newly added position.