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Wrap up Discussion of levy amount to be set CITY OF SHAKOPEE 2004 GENERAL FUND BUDGET SUMMARY 2000 2001 2002 2003 2004 2005 Actual Actual Actual Actual Estimate Estimate Revenue Taxes $3,399,045 $3,863,980 $5,872,185 $6,972,300 $9,426,980 $9,426,980 Special Assessments 2,167 1,641 15,570 Licenses and Permits 2,023,037 2,740,253 2,313,544 3,227,264 1,773,500 1,773,500 Intergovernmental 872,607 981,799 1,065,292 535,329 278,930 278,930 Charges for Service 1,957,569 1,065,824 1,243,535 1,491,614 877,200 877 ,200 Fines and Forfeits 172,017 230,085 253,348 239,588 260,000 260,000 Miscellaneous 678,652 314,192 296,935 271,657 250,000 250,000 Total Revenue 9,102,927 9,198,300 11,046,480 12,753,322 12,866,610 12,866,610 Expenditures General Government 2,218,058 2,325,091 2,621,616 2,412,918 3,009,630 3,173,850 Public Safety 3,318,628 3,706,838 4,421,028 4,736,516 5,353,660 6,355,090 Public Works 1,505,776 1,625,264 1,847,808 1,697,113 2,003,220 2,475,230 Recreation 621,306 664,340 622,099 669,570 721,470 1,007,310 Miscellaneous 86,805 103,681 109,455 317,167 580,000 130,000 Total Expenditures 7,750,573 8,425,214 9,622,006 9,833,284 11,667,980 13,141,480 Excess (deficiency) Revenues over Expenditures 1,352,354 773,086 1 ,424,474 2,920,038 1,198,630 (274,870) Other Sources 1,236,460 1,257,375 1,066,791 1,115,000 1,225,000 1,225,000 Other Uses (2,416,036) (3,843,340) (2,101,744) (932,520) (929,380) (1,229,230) Excess (deficiency) Revenues & Other Sources Over Expenditures & Other Uses $172,778 ($1,812,879) $389,521 $3,102,518 $1,494,250 ($279,100) Residual Equity Transfer 84,323 Fund Balance December 31 $4,873,116 $3,144,560 $3,534,081 $6,247,078 $5,028,331 $5,967,978 lJ.) - . ?\ . 2004 GENERAL FUND BUDGET - REVENUES 2000 2001 2002 2003 2004 2004 2005 ACTUAL ACTUAL ACTUAL ACTUAL 6/30/2004 EST. EST. Taxes Current Ad Valorem $ 2,902,393 $ 3,370,309 $ 5,256,266 $ 6,221,737 $ 6,565,990 $ 8,517,200 Tax Increment 74,402 45,148 Fiscal Disparities 322,403 318,725 366,621 514,954 655,720 694,180 Mobile Home 290 349 428 576 350 600 Aggregate Tax 9,117 11,277 14,996 13,522 15,000 15,000 Lodging Tax 164,842 163,320 159,472 176,363 61 ,145 190,000 200,000 Total Taxes 3,399,045 3,863,980 5,872,185 6,972,300 61,145 7,427,060 9,426,980 Special Assessment 2,167 1,641 15,570 9,045 Licenses & Permits Track Franchise 9,030 9,703 9,480 10,740 10,000 11,000 Liquor Licenses 105,601 100,032 104,322 93,047 88,509 100,000 100,000 Beer Licenses 3,170 3,043 4,765 2,108 3,052 3,000 3,500 Cigarette licenses 5,465 5,934 5,623 7,887 839 6,000 8,000 Mise, Business Permits 5,689 6,116 6,597 8,071 1,045 6,000 8,000 Dog Licenses 2,505 1,295 1,154 1,098 682 1,300 1,000 Misc. Non-Bus. Lic. 307 20 - - Total Licenses 131,767 126,143 131,941 122,951 94,127 126,300 131,500 Building Permits 1,379,292 1,243,553 1,069,311 1,507,192 728,295 1,000,000 800,000 Plan Check 815,971 740,120 635,031 938,662 468,814 520,000 450,000 Plumbing Permits 139,975 107,090 100,246 142,468 73,757 60,000 60,000 Mechanical Permits 155,607 212,702 101,454 151,518 93,898 60,000 60,000 Electric Permits 115,870 125,403 112,267 144,457 56,635 70,000 70,000 Re-inspection 7,744 3,510 8,000 Fire Permit Rev 1,943 27,345 19,175 25,023 22,125 25,000 25,000 Septic Permits 1,750 237 - Sewer Permits 35,563 31 ,215 25,771 45,136 18,321 25,000 35,000 Woodland Mgt 2,440 4,000 Street Opening Permits 61,270 126,445 118,348 142,113 54,188 70,000 130,000 Total Permits 2,707,241 2,614,110 2,181,603 3,104,313 1,521,983 1,830,000 1,642,000 Interqovernmental Grants - Fed 44,600 17,158 164,378 80,601 34,496 108,880 75,000 State Grants & Aids 24,109 45,830 27,914 241 ,433 39,528 Local Government Aid 219,201 242,026 165,666 HACA 459,293 535,418 544,969 PERA Aid 11,933 18,170 15,052 11,933 15,000 11,930 Police State Aid 113,471 123,197 140,396 167,083 140,000 170,000 Low Income Housing 9,253 10,000 t'.3 2000 2001 2002 2003 2004 2004 2005 ACTUAL ACTUAL ACTUAL ACTUAL 6/30/2004 EST. EST. County Grants/Aid 6,917 12,815 12,000 Local Grants/Aids - 12,211 3,968 6,100 Total Intergovernmental 872,607 981,799 1,065,292 535,329 77,992 269,980 278,930 Charaes for Service Administrative Fee 128,973 128,753 162,441 149,331 57,830 125,000 155,000 Sale of Documents 12,107 6,591 11 ,405 6,341 6,623 8,000 8,000 Assessment Search 1,065 1,625 1,815 925 1,230 1,000 1,300 Release of Dev, Agreeme 330 360 340 420 260 300 400 Comprehensive Plan Fee 10 Land Division Administrati 11,082 14,158 10,377 10,762 4,900 10,000 10,000 Land Use Administration 29,419 30,124 27,094 46,474 20,054 30,000 30,000 Misc. Police Services 165,209 85,506 84,045 86,620 38,226 85,000 88,000 Fire Calls & Contracts 46,239 43,103 68,285 53,585 33,604 50,000 55,000 Pound Fines & Fees 3,220 3,570 3,600 4,230 2,330 3,500 4,500 Valleyfair 24,040 26,444 29,089 31,998 35,194 30,500 35,000 Card Club - Misc. Public Works 13,226 4,529 18,383 5,424 4,503 10,000 6,000 Refuse Charges 10,399 9,616 10,000 Signs 11,910 18,360 12,960 5,130 15,000 14,000 Engineering Services 568,184 576,658 747,009 944,489 613,264 420,000 400,000 Engineering Grade Fee 138,503 132,493 61,282 127,656 133,504 60,000 60,000 Total Charges for Svs. 1,141,597 1,065,824 1,243,535 1,491,614 966,268 848,300 877 ,200 Fines and Forfeits Fines 172,017 230,085 253,348 239,588 106,775 260,000 260,000 Miscellaneous Miscellaneous 111,762 54,462 52,395 45,254 5,452 50,000 50,000 Interest 555,802 248,554 232,614 222,061 (67,372) 150,000 200,000 Rent 11,088 11,076 11,926 3,842 235 Contributions 100 - 500 Total Miscellaneous 678,652 314,192 296,935 271,657 (61,685) 200,000 250,000 Total Revenues 9,102,926 9,198,300 11,046,480 12,753,322 2,775,650 10,961,640 12,866,610 Other Sources Sale Of Assets 102,517 13,680 9,644 Transfers 84,323 - 156,310 SPUC Contribution 1,133,943 1,238,295 1,057,147 1,122,355 468,000 1,175,000 1,225,000 Total Other Sources 1,236,460 1,336,298 1,066,791 1 ,122,355 468,000 1,331,310 1 ,225,000 Grand Total 10,339,386 10,534,598 12,113,271 13,875,677 3,243,650 12,292,950 14,091,610 IN J;AMc TA ~,.{T e- Citv of ShakooeE 8/27/2004 .. --- . Pay 05 tax levv -----~ O~m4 .----- I\A/oI; Ch~nn~ General Levv 7,871,377 9,330.000 1.458.623 18.5% Debt Service ---.-- 0,00% 1995A Imp 62.274 cnx _ 61,556 61,556 1996A Imp 64,173 cnx 63.495 cnx 19988 Imp 61,866 . cnx 62,306 cnx 19978 Imp 30.151 30,151 _29.980 29 980 2000A Imp 55,032 55.032 47,342 47,342 2002A Imp 93.332 93 332 111I~llllf~IIIIIIIJillllf~ 97479 2004C Imp 145000 PW buildino 19958 Storm Revenue 156,309 156.309 0 MCES =1202817*0.33 0 Fire Referendum 2Riii17 254 67~ Total Debt Service 334 824 381 357 46.533 13,9% COPS 2003 matchina levv 92.883 95.669 PERA increase levv 12 169 12500 Certainteed levv for tax abatement 29.225 29,000 Rvan Abatement Total Levv 8.340.478 9.848,526 1,508.048 18.1% Fiscal Disp Dist (655 720) (693 000) (37.280) Net Levv to soread 7.684.758 gut 1.470,768 19.1% Market Value cut (560263) Allowance for Uncoil. (166810' (H1R ~71\ (30,161) 8ud~et Amount II Q&:;II &:;&:;/': 2,000,871 General Fund I 6.562.861 ( net) 8517.1~9 1.954.338 29,8% General Fund - transfer in 156.309 0 EDA - city levv I 60,000 60 000 Debt Service I 17Rfi1 fi 3R1 357 202 842 LEVY04-05.XLS LEVY04-05 8:53 AM 8/27/200Jf City of Shakopeel I I c Prooertv Tax - tax caoacity based 8/27/2004 Pay 2004 Pay 2005 Change Net levy spread $7,684,758 $9,155,526 19.14% Total City Net Taxable Tax Cap. 23,693,971 28,230,349 19.15% ;:;.-- D City Tax Rate 32.4330% 32.4315% 7 0.00% "- Assessor's Estimated Market Value $141,600 $154,100 8,8% Tax Capacity c First $500,000 at 1% 1,416 1,541 Balance at 1.25% 1,416 1,541 8.8% State Tax Credit $40.52 City Tax $459.25 $499.77 8.8% Assessor's Estimated Market Value $162,400 $186,800 15.0% Tax Capacity I First $500,000 at 1% 1,624 1,868 Balance at 1.25% 1,624 1,868 15.0% State Tax Credit $79.11 City Tax $526.71 $605.82 15.0% Assessor's Estimated Market Value $240,700 $276,800 15.0% Tax Capacity I First $500,000 at 1% 2,407 2,768 Balance at 1.25% 2,407 2,768 15.0% State Tax Credit $117.04 City Tax $780.66 $897.70 15.0% Assessor's Estimated Market Value $449,000 $513,000 14.3% Tax Capacity I First $500,000 at 1% 4,490 5,163 Balance at 1. 25% 4,490 5,163 15.0% State Tax Credit $218.03 City Tax $1,456.24 $1,674.28 15.0% Assessor's Estimated Market Value $513,000 $590,000 15.0% Tax Capacity I First $500,000 at 1% 5,163 6,125 Balance at 1. 25% 5,l63 6,l25 l8.6% State Tax Credit $312.08 City Tax $1,674.35 $1,986.43 18.6% Assessor's Estimated Market Value $285,600 $328,400 15.0% Tax Capacity First $500,000 at 1% 2,856 3,284 Balance at 1. 25% 2,856 3,284 15.0% Sta te Tax Credi t $138.76 City Tax $926.29 $1,065.05 15.0% Assessor's Estimated Market Value $285,600 $328,400 15.0% Tax Capacity Commercial First $150,000 at 1.5% 2,250 2,250 Balance at 2.0% 2,712 3,568 4,962 5,818 17.3% $277.54 City Tax $1,609.33 $1,886.86 17,2% 5' LEVY04-05.XLS TAXBILL pay 05 8:53 AM 8/27/2004