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Home My WebLink AboutBudget Presentation 8/17/2015 2 16 Pr iminar o e Bu et August i7, zoi5 St. .loseph Historical Growth (MarketValue History) __ _ _ --- StJoseph Taxable Market Value History a,000.000 _ __ _ _ _ _..._.._____.___ s,soo.000 __ ___..__ _. _ _ ., ___._. . _ ,. ... . _...__. a,000.00� _ ._ . _ . _ __. zsoo.000 _ _ _ __ __ >z,000,000 _ _ _. i.sao.oao _ ' . _ i.000.000 _ __ soo.000 _ �oo� zaos zaos zoio xoii xou zo� m1� mss esumacea M16 1 8J17/2015 St. Joseph Historical Growth (Population) St.Joseph Populati4n History � , + !. . _ ,. _ ._ � _ ,_ _ , � ._ � � . �' i , � � ; �- : , _ , ; - ,� -� -- ; , . � i � ' � � ` ' i ` � i � � , .� �1�� .. 4..... } ....... j.... • .... � . �._... l .. . .. . ....t. . .�.. .. ` � E I i ` � , i , � % ' ! 5500 ' ' . ' . ... _ . � ��. t_. .... :. J� ._ . . i �_ __ _� �_ � , 5ppp,E. � _.._. . .....k .._;._. . . . ; ' ....._. � _.._....; i }......... 11R I j � , . �_- � � � � � � : I � � j } f } � i33.2�i 1'ICfE89!'if11Q!2�001 I ! �.. ..._ '. . _, :. 4500 � ..E �_ . F �. ...� _.._t__.`_"_�._' -�-- -', � i � � � � i , I � ! ; � � � i � � � I � 4000 S .i _._ ...j � � ` .. ' ._ ., t . _ s .. ._.. . _._. ,. _. �._ , , : : ; t . _ � i . � : I , t t � t � , i ' � � ; � : ;� 1 ` i , , ysoo _ _ � � sooi xooz � ame zoos zooe mm zooe zoo9 ioio �oii zou zma zoi+ zo15 Tax Capacity Rate Comparison 2015 Arta Gty Tax Rate Comparison m.oac � w.00x s6ae% eo.00z st�o% 1&i2% 50.0091 CO.00Ii 30.00�l tO.OqI 10.OQ% 0.00% si lw.ph s.xk R�pw. s.s�� se aaua(im�ude, w.ie.r�lc rakreedan) 2 8/17/2015 Tax Capacity Breakdown: • General Fund Tax Levy 38•33% 2�15 ' Debt Service Levy z4.366% • Total Levy 5z.7oi% Budget S u m m a r • General Fund Budget y � z,7z6,8z5 Projects completed zo15 2�15 �015 Street Project Northland/Clinton Village B u d g et 201 Pro'ects Finished 4 J S U m m a ry Park Terrace Main Lift Station 3 8/17/2015 Projects added in zo15 Name of Project Impact to �016 Budget Jasmine Lane Extension lasmine Lane Extension $42,000 included in 2015 Tax Levy Impact: $ 2,000 Bond Issue (5 years) Colts Acodemy Purchase Colts Academv Purchase $500,000 draw down Sales Financial Impact- Tax Proceeds, issuance of $ 157,000 Sales Tax Proceeds tax abatement bonds $ 31,000 General Fund committing$ 157,000/y� Expenditures for operation sales tax revenue (15 yrs) $ 50,000 General Fund Revenue from leases Projects Added in zo15 Extension Water—151 Ave SE Extension Woter—1�`Ave SE $ Cost to be determined Utilization of excess bond proceeds from current utility pro}ects. Government Center Government Center $ 20,000 Genera) Fund Financial Impact- Excess Building Permit Potential Debt with�rst revenue to review plans payment in 2017. COPS Grant COPS Grant Submitted funding request $ 26,935 through COPS for FT Police If grant not received could hire Officer pay 75% of FT starting in September wages/benefits 4 8J17/2015 Government Center - Impact pP�A CRY Of 6T.JOlVM.WMl80TA OA GNTAL I�ROYi11iMT PLAM 70MDt OF fl07� lii � Esf. Toftl Sl�hAory_ C�M SWs AMwef (i&1J M�fa+sat D�f 600li O� OMKr 7�x Tat &ryhw/ CwwMM� Yw Rr 1�S! Covua Heod Fwdr Rw�nusi L BMnme t 1017 te6,000 1.00% 107,6�6 772,676 2l6,2 0 0 7 -11i,676 086 �18 163,000 1.1D76 1�,iQ5 II70,9Q6 28l,471 0 0 271 76 N9 �18 NS,000 f.86% 7M,110 t06.110 II62 0 9 20� •170 EGS �o ��oAoo �.asx �o�,eea r».eea ua,m o o ��e no 2oz� no.000 i.��sc ee.a.re �.x4e xas,�io 0 o aer.o�o �e ��a � 175,000 1.96% Y6.273 Z71,213 2E1,lJS 0 0 271,000 ,27� 200 � 780,OD0 Y.16% 84.880 272,tE0 2t4,6D3 0 0 2�3,000 NO 8�0 20Q4 180,000 2.86% 0l.i00 200,YD0 �MO 0 0 �,000 10 860 �25 1l5,OU6 2.6016 l4,760 2l9.7� 2W,2M 0 0 270.000 2/0 Si0 �Ie tY0.000 2.86% l0,1E6 270,156 2l�,l42 0 0 270A00 '186 466 �7 186.000 2.E0% 76,100 270.100 2t9,005 0 0 270,000 �100 !68 �! 200,ODD 2.86% 69,610 269AW 2E3.122 0 0 770,000 aQ0 716 Z026 206,000 E.1D% 6D,7I0 26E.7A0 262.177 0 0 270,000 12ED 1,Y76 209U 118AD0 820% 87.J� 272,986 ?At.004 O 0 271.000 •7,at6 NO 20H1 22DA00 3.9D% 50.006 270.505 2NA90 0 0 271AD0 K6 tAE6 2092 220.000 3.�0% N�?AS 275� ZE6A01 0 0 273.000 ,Z43 610 2032 2J6,000 SA6% 36,4�i 270.a� t08,946 O 0 270,000 �'16 �16 2os4 a�e.000 a.asx 2�.e�e 2r2.sia usAu o o m,000 a�e ee 2o�s aaoAoo aeox �e.e:o zee,sio zes,a� o o �Aoo aeo 4m �e aeo.000 sanx e,exo �.sm xes,�o� o o seo eec � o o. o 0 Budget Considers —City Council • Community Development Director 2�1� (Budget Impact � 60,000) P re I i m i n a ry � MSA project (Budget Impact— NA) (May result in debt—zo17 Budget) B u d g et ' Pedestrian Crossing—Submitted funding request for Study (potential sales tax revenue funding) s 8/17/2015 Initial Budget Prepared by5taff Total General Fund Budget$ 420,165 Resulting Tax Rate 65.01696 Items Removed: Resultin� Reduction • PT Finance Technician <23,000> • PT Maintenance Worker (Seasonal) < 3,000> • Reviewed cost Community Center <35,000> • Reduced General Operation Costs <44,000> • Capital Reductions < 8,000> zo16 Preliminary Budget � Administration Zo13 zoiy zoi5 Zos6 Operating Budget S 585�657 S 645�411 S 665,085 S 737,y6o Capital Budget S 52o S 7,857 S 3,75o S 9,z5o Police Operating Budget S 978,i72 S 749�853 S 1,036�555 S l,105�465 Capital Budget S i3,6i5 S i5,716 S i8,86o S 3i,75o Public Works Operating Budget S 543�452 S 6oz�448 ;��.83� ;653�740 Capital Budget S 58,50o S 52�534 s 98,s5o S 3�,200 EDA Operating Budget S 8o,g8z S 9o,ogz S 97,095 S gg,635 Capital Budget S 36,493 S i4,841 :33�50o S 85,000 Fire Protection � Fire Service Fee S 86,137 S ioo,655 S zo4,75o S u7,925 6 8/17/2015 Zo16 Preliminary Budget Administration Zoi3 zosy zoi5 zoi6 Salary/Benefit S 295�95o S 354�671 S 379��95 S 452,680 Repair,Service,Misc S z89,7o7 S Z9o,74o S z85,990 S 28y,78o Capital Budget S 520 5 7,857 S 3,75o S 9,z5o Police Salary�Benefit S 8z8,�i3 S 786,733 S 87o,iz5 S 949,720 Repair,Service,Misc S i59,g5g t i6y,676 S i66,43o S 155�745 Capital Budget S 13,6i5 S i7,8yi S i8,86o S 3i,75o Public Works Salary/Benefit S 343�759 s 36i,63o S 375►�4� �399•875 Repair,Service,Misc S i99,693 S Zyo,8i8 S zz5�790 S 253�865 Capital Budget S 58�50� S 52�534 s 98,i5o S i22,2o0 EDA Salary/Benefit S 1,279 S i,o8g S 5,27o S 33,880 Repair,Service,Misc S 79,7oz S 89,003 S 9i,825 S 65.755 Capital Budget S 36,493 S 14.841 S 33�50o S 85,000 Zo16 Preliminar Bud et Y g Major Impacts Community Development Dir. � 59,5i5 1.795% EDA- Project Funding � 51,500 1•553°�0 Fire Service � 35�115 1•553% Debt Service - ParkTerrace � iz3,600 3.726% Debt Service - zo15 Street � z8,000 .844,% gth Officer � 26,935 .8iz% � 8/17/2015 zo16 Preliminary Budget Property/OtherTaxes � Zo,800 Building Permits � 43,860 Federal/State Grants � 69�405 Zo16 Preliminary Budget Additional Revenue sources to consider: • Lodging Tax • Conduit Debt • Utilization of Cable Access • Liquor License Fees • Request State Bonding for specific projetts • SunShare Energy Credits s 8/17i2015 Zo16 Preliminary Budget Summary of Historical Tax Rate and Impact - - . - • � • � • � � s • � iiiiil � ' 6a�879fo � so2.13 $767.74. :� .�I� Sz.700% $7•39 $ 53•39 : � SZ.o57% $ -z3.o8 $ -�6g.o6 i�iii■�'� 53.885% $ 1g.11 $ 139•9] ' � So-475°�' � -93.18 $ i73.�2 « ° 48•494% $ -.�7 � -s.o3 zos.6 Preliminary Budget Breakdown of CityTax Classifications Property zoz3 Assessment Classification Payable zosy. Residential � z39,i67,9oo Sz% Commercial � 60,144,800 13% Tax Exempt � 164,048,700 35% Other � 8,797,60o z�/a Total � 472�153�000 9 8J17/2015 �a16 Preliminary Budget Looking forward to Zoi7 Debt released: $ 5o,000Coborn`sTaxAbatement � gs,000 City Hall Potential Projects: South east/west corridor Community Center Government Center Aquatics Facility zo17 Street Overlay StafFAdditions zo16 Preliminary Budget City of 8t. Josoph, Minncaota 2016 Nwt 7a�x +Capaclty PRAFT as of Au�ust '17. 20i b N�rwx ewwetey a,Z33,970 s.s+s,ero so+6 zo+s 016 a d.68% 2.S09G lP��St��ms 4onny) Esttmal�d Tax�mpact of ths D�aft 20�6 Budp�t Atloptad 201 S DRAFT 2016 Lsw . 6+e»ral R�nci Lfri 1.065.885 az.asasr. 1,126,010 33. 96 Cobom'a Abab-EDA 50.000 7.546% 60.000 �.608% � ECJA Lavy 44,6� 7.37996 133,385 4.024% ��r1c Csdfo�tlot�l�tintl O.SOO 0.2Bd9b 4.000 0.12156 C,3�rKra1 EqutD r°1'und 0�.760 2.�57% a4.700 3.00b96 ('144,480) -4.463% aAnM t eo.w aoos e�,soo s.sze�, o.000� Bond 200� 151,000 4.06'196 1�35,Od0 d,0T3% 6ot�tl�D10 45,000 7.39�% 32.Q00 O.D90% eood 2011 93.680 2.694% 132,6T6 4_01296 � ConA 20�a�^ 20.000 0.61E% 30.000 1.60Q96 Bond 2013 56.OQtl 7.707% e7,000 2.021% BonO 20'14 29.800 0.891% 123,600 3.72A% � Bond 20'IS 0.000% 224,4s0 e.TT2% 1.701.920 2.01�.�TO . 52.701% 64.7BT�i C�vy 9K chwrtp�T3 fo'!6 7B.?3% TnX C�p.Chg 8.OH89i Lwvy S chenQw 73 to 76 S 9tO,HSO 10