HomeMy WebLinkAbout15.F.2. 2005 Tax Levy Impact-follow up
CITY OF SHAKO PEE Jj~ Fi b;
Memorandum ~,' ../~'
TO: Mayor and Council CONSENT
Mark McNeill, City Administrator -..
-.
-_._~ -.
FROM: Gregg Voxland, Finance Director
SUBJ: 2005 Tax Levy Impact - follow up
DATE: October 29, 2004
Following Council's discussion of the 2005 budget and tax levy on
10/26, changes to the General Fund budget have been made as follows;
1) Reliance on development fees to fund operation increased to 16%,
following plan to reduce reliance on development fees by 2% per
year down to 8% of total revenue - $280,000.
2) Budget under-spend factor increased to 3% of expenditures -
$130,000.
3) Fund balance used to pay for imaging system budgeted for in prior
years - $100,000. See attachment A for status of fund balance in
2004 in relation to new target level of 40 to 45%.
4) Tax Rate/levy - levy reduced to lower estimated tax impact to 10%
increase on a home that had a 15% increase in market value -
$412,800. Gross levy is now an increase over 2003/04 of 13%.
5) Expenditure changes;
. City Clerk increased $100,000 for imaging system.
. Vision/services survey added - $10,000.
. GIS/IT position added - $54,000.
. Police reduced $49,000 for 2 officers starting 7/1 instead of
1/l.
. Health insurance reduced - $73,000.
. Assistant to Administrator position included at % year -
$40,000.
After the above changes were made, the end result is the bottom line
for the 2005 budget is currently a deficit of $374,730 representing a
2.6% under-spend factor.
IF Council concurs with the above, appropriate action would be:
Action
Move to direct staff to prepare for the Truth In Taxation hearing
incorporating a $420,000 reduction from the proposed maximum tax levy.
11 A II
City of Shakopee I
1------- .. ._.__._--~- ~-r-
General Fund Fund Balance 40% Min 45% max
12/31/03 Fund Balance unreserved undesignated $ 5,565,800 $ 5,565,800
2004 GF exp & tran I 12,706,450 12,706,450
1--.=----,
Fund Balance Target I 5,082,580 5,717,903
I
Net available 483,220 (152,103)
Options for use of fund balance +
~pecific use of fund balance
~-
Imaging - 2005 (100,000) (100,000)
Fire Equipment carryover (33,000) (33,000)
Community Center Carpet (70,000) (70,000)
Building Maint Equipment (25,000) (25,000)
Transfer to debt service - rep aced in 2005 -381357 -381358
Transfer to Building Fund
f'---
255,220 (JtsU,1 UJ)
--
.
LEVY04-0S.XLS LEVY04-05 9:58 AM 10/29/2004
CITY OF SHAKOPEE
Memorandum
TO: Mayor and City Council
FROM: Mark McNeill, City Administrator
SUBJECT: FY 05 Budget Modifications
DATE: October 29,2004
A note regarding a couple of changes from the discussion that was held with the City
Council on October 26th:
1. We will pursue joint venturing of potential Human Resources sharing. We want
to explore all opportunities, including, but not limited to, the City of Savage.
2. There has been some additional discussion by staffas to the desirability of not
filling the Assistant position. The fact that, workloads among the existing staff
are such that they would not be able to take on new larger projects that are
important to the Council. One case in point is the community wide survey for
service priorities; the PRF Director did the last survey. He simply does not have
time to do another major survey in 2005.
For that reason, I am recommending that the FY 05 budget include approximately
$40,000, which would be for nine months of an entry level Management Assistant
(salary and benefits). Mr. Voxland has adjusted his numbers to accommodate
that, while staying within the Council's directive to reduce the ievy impact
increase to 10%.
Please advise if you have questions or concerns about this.
Mark McNeill
City Administrator
MM:th
November 2, 2004
Scott County Election Results
REGISTERED NEW TOTAL NUMBER
PRECINCT VOTERS AT 7:00 AM REGISTRATIONS REGISTRATIONS VOTED PERCENT
BELLE PLAINE TWP 520 72 592 473 80%
BLAKELEY TWP 322 30 352 281 80%
CEDAR LAKE TWP 1497 288 1785 1547 87%
CREDIT RIVER TWP 2700 424 3124 2725 87%
HELENA TWP 931 170 1101 969 88%
JACKSON TWP 575 125 700 595 85%
LOUISVILLE TWP 686 100 786 676 86%
NEW MARKET TWP 2009 399 2408 1974 82%
ST. LAWRENCE TWP 355 35 390 323 83%
SAND CREEK TWP 878 125 1003 872 87%
SPRING LAKE TWP 2189 379 2568 2233 87%
BELLE PLAINE CITY 2901 656 3557 2909 82%
ELKO 519 193 712 622 87%
JORDAN P-1 1120 374 1494 1244 83%
JORDAN P-2 1032 263 1295 1040 80%
NEW MARKET CITY 672 254 926 776 84%
NEW PRAGUE P-2 1991 451 2442 2031 83%
PRIOR LAKE P-1 1606 256 1862 1542 83%
PRIOR LAKE P-2 1216 235 1451 1191 82%
PRIOR LAKE P-3 1446 766 2212 1855 84%
PRIOR LAKE P-4 1956 383 2339 1912 82%
PRIOR LAKE P-5 837 508 1345 1235 92%
PRIOR LAKE P-6A 1489 247 1736 1461 84%
PRIOR LAKE P-6B 1240 205 1445 1135 79%
PRIOR LAKE P-7 1190 306 1496 1257 84%
SAVAGE P-1 640 155 795 . 608 76%
SAVAGE P-2 2225 473 2698 2186 81%
SAVAGE P-3 2159 422 2581 2141 83%
SAVAGE P-4 2443 360 2803 2372 85%
SAVAGE P-5 1078 298 1376 1169 85%
SAVAGE P-6 2535 518 3053 2566 84%
SAVAGE P-T 2198 414 2612 2188 84%
SHAKOPEE P-1 1000 110 1110 979 88%
SHAKO PEE P-2 1051 245 1296 1039 80%
SHAKOPEE P-3 1276 329 1605 1290 80%
SHAKOPEE P-4 1156 412 1568 1176 75%
SHAKOPEE P.5 1310 293 1603 1268 79%
SHAKOPEE P-6 1237 296 1533 1255 82%
SHAKO PEE P-7 700 223 923 797 86%
SHAKO PEE P-8 1414 349 1763 1435 81%
SHAKO PEE P-9 681 476 1157 1020 88%
SHAKOPEE P-10 1765 530 2295 1979 86%
SHAKOPEE P-11 1288 558 1846 1598 87%
SHAKOPEE P-12 580 399 979 851 87%
TOTALS 58613 14104 72717 60795 84%
Shakopee Totals 13,458 4,220 17,678 14,687 83%