HomeMy WebLinkAbout15.F.7. Review of FY 05 Total City Budget
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CITY OF SHAKOPEE
Memorandum
TO: Mayor and City Council
FROM: Mark McNeill, City Administrator
SUBJECT: Review ofFY OS Total City Budget
DATE: December 3, 2004
The Truth In Taxation hearing will be held Monday, December 6th. The focus ofthat
meeting's presentation is to look at expenditures that impact the General Fund.
Mayor Schmitt has asked that Gregg V oxland present a comprehensive review of the
total budget at the City Council meeting of December 7th. That would include
expenditures in 2005 for the General Fund, as well as governmental funds, and enterprise
funds.
It is intended that this will give a more comprehensive overview of what it costs to run
the City in its totality.
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Mark McNeill
City Administrator
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City of Shakopee, Minnesota
2005 Annual Combined Budget Summary
Special Debt Capital Total Internal
General Revenue Service Projects Governmental Enterprise Service Grand
Fund Funds Funds Funds Funds Funds Funds Total
Revenues
Taxes $9,014,180 $ 80,000 $ 254,680 $ 1,187,500 $ 10,536,360 $ - $ - $ 10,536,360
Special Assessments 1,197,710 4,847,500 6,045,210 6,045,210
Licenses And Permits 1,809,500 185,000 900,000 2,894,500 2,894,500
Intergovernmental -
Federal 75,000 75,000 75,000
State 181,930 830,000 293,120 1,305,050 1,305,050
Local 36,000 32,620 68,620 68,620
Charges For Service 1,119,200 841,710 1,960,910 4,974,100 6,935,010
Fines And Forfiets 260,000 260,000 260,000
Miscellaneous Revenue 50,000 18,000 1,715,500 1,783,500 1,620,670 3,404,170
Interest Earnings 200,000 55,000 101,000 127,100 483,100 658,410 160,000 1,301,510
TOTAL Revenue 12,745,810 2,042,330 1,553,390 9,070,720 25,412,250 5,632,510 1,780,670 32,825,430
Expenditures
General Government 3,353,350 682,370 4,035,720 4,035,720
Public Safety 6,258,090 6,258,090 6,258,090
Public Works 2,459,040 815,890 8,445,000 11,719,930 2,062,840 13,782,770
Recreation 1,015,060 2,024,990 3,900,000 6,940,050 6,940,050
Debt Service 2,425,390 2,425,390 2,425,390
Capital Outlay 9,726,000 9,726,000
Depreciation 1,040,000 1,040,000
Miscellaneous 130,000 130,000 130,000
Total Expenditures 13,215,540 3,523,250 2,425,390 12,345,000 31,509,180 3,102,840 9,726,000 44,338,020
Excess (Deficiency) of
Revenues over Expenditures (469,730) (1,480,920) (872,000) (3,274,280) (6,096,930) 2,529,670 (7,945,330) (11,512,590)
Other Financing Sources
And (Uses)
Interfund Transfers In 1,225,000 1,229,230 1,700,000 4,154,230 4,154,230
lnterfund Transfers (Out) (1,103,780) (1,400,000) (2,503,780) (2,503,780)
Excess (Deficiency) of
Revenues and Other Sources
Over Expenditures and Other Uses $ (348,510) $ (251,690) $ (872,000) $ (2,974,280) $ (4,446,480) $ 2,529,670 $ (7,945,330) $ (9,862,140)
Ending Fund Balance $ 5,773,118 $ 1,602,346 $ 4,425,037 $ 4,798,463 $ 16,598,964 $21,512,725 $ 3,323,332 $ 41,435,021
Property Tax Levy Required to
Support This Budget $ 8,987,169 $ 80,000 $ 636,037 $ - $ 9,703,206 $ - $ - $ 9,703,206