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Home My WebLink About6.t. Resolution Setting 2000 Preliminary Levy & Budget Hearing Dates CITY OF ROSEMOUNT EXECUTIVE SUMMARY FOR ACTION CITY COUNCIL MEETING DATE: September 7, 1999 AGENDA ITEM: Resolution Setting 2000 Preliminary Levy AGENDA SECTION: and Budget Hearing Dates Consent PREPARED BY: Jeff May, Finance Director AGEND�� ATTACHMENTS: Resolution, County Levy & Hearing Forms, APPROVED BY: and Summary Pages of 2000 Levy Information This evening, a resolution is before the Council to formally adopt the 2000 preliminary levy and to set the budget hearing dates required under truth in taxation laws. The preliminary levy and hearing dates are based on discussion that took place at the August 11th and August 31 st Council work sessions. Council chose to set the preliminary levy at the staff's requested needs and to not levy to the maximum allowed by law. At the present time with the present levy the City's rate is expected to decrease about 6.46%. We will also have further discussion, especially after the citizens' truth in taxation notices are received in early November when we have a better idea what the overall impact of the tax picture will be when the County's, the School Districts' and the Special Taxing Districts tax capacity rates are also figured in. At this time we do not have enough information provided to us by the County to know how any levy that we set will impact the citizens' total tax bill. This year we believe that the overall tax picture will be about the same as last years with overall taxes staying the same or going down slightly, but we feel it important to try and keep our own individual tax capacity rate at a manageable level. This is why we will not be levying to the limit for 2000. Actually, we will be levying approximately $450,000 below our levy limit. RECOMMENDED ACTION: Motion to adopt A RESOLUTION SETTING THE PRELIMINARY 2000 GENERAL FUND OPERATING BUDGET, THE 2000 C.I.P. BUDGETS,THE 2000 INSURANCE BUDGET AND THE 2000 LEVY REQUIRED BY THE CITY OF ROSEMOUNT. COUNCIL ACTION: � CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 1999 - A RESOLUTION SETTING THE PRELIMINARY 2000 GENERAL FUND OPERATING BUDGET, THE 2000 C.I.P. BUDGETS, THE 2000 INSURANCE BUDGET AND . THE 2000 LEVY REQUIRED BY THE CITY OF ROSEMOUNT WHEREAS, the City Council of the City of Rosemount has determined that budgets and special needs for the year 2000 will be in the amount of$6,325,600 for the General Operating Fund, the three CIP Funds and the Insurance Fund; and WHEREAS, the City Council has determined that special levies for Bonded Indebtedness (including $155,715 for the market value based referendum levy for the fire station) and the Armory Project total $1,089,168; and WHEREAS, the City Council has determined that actual incomes, fund transfers and anticipated aids will total $2,522,217. NOW, THEREFORE BE IT RESOLVED, that the total Preliminary Levy certified to the Dakota County Auditor shall be $4,736,836 for the normal levy and $155,715 for the market value based referendum levy; and BE IT FURTHER RESOLVED, that the City Council of the City of Rosemount will conduct a Public Hearing for the purpose of presenting the proposed budget and levy to the general public and to comply with Truth in Taxation laws as set by the Minnesota State Legislature, and that the hearing shall take place on December 6, 1999, at 6:30 P.M., in the Council Chambers at the City Hall; and BE IT FURTHER RESOLVED, that if a continuation of that hearing is necessary it shall take place on December 13, 1999, at 6:30 P.M. ADOPTED this 7th day of September, 1999. Cathy Busho, Mayor ATTEST: Susan M. Walsh, City Clerk Motion by: Seconded by: Voted in favor: Voted Against: DAKOTA COUNTY Ci ty of Rosemount OFFICE OF THE TREASURER-AUDITOR TAXING DISTRICT NAME PAYABLE Z000 PROPOSED LEVY CERT1FiCAT10N FORM FORM B ::::;;:�� 'd: °s��:�:::::::: .. ...............................-..................,............ ..:.:-..:....::::=:::::::::::::::::::::::::::: �:.:-.:......:.. .....:...... ..................................... e �ie .1, ...............:::::::::::.:::�" .:'�a:�c:R�ds:::::::::::::::::::::::::::::::::=:�t�er::::::�s::::::..:. . :�c er�d�t�r�:::::::::::::::::::�::::::::::::::::�::B�d et::::::: :::.:.,...................�� .�.. .......... . .. ..... ... ...:.:.;.;.:.:.:.:.:.:.:.:.:.:.:.:.:.:.::.:.:.:.:.:.:.:-:-:.:.:.:.:.:.:-:.�Y::::::: :.:...:.p.:.:.:.:.:.:.:.:.:::.....:...::.:...:............:.............:.:.:.� T.,i ::. � k.�-E�t��:::€::::: ��e �::::::::::::::::��. . .. :......::.:.:::::::::::::::::::::::::::::::::.:::::::::::� :.::�....>.. .... ............ . . �:e ��:::::::::::::::::::::�:Gk::::;s:::::::::: :::;::::::::;��1�::::::::::::::::::::Resou�...s.............-- ................. .......... :Ca�e. o. :::::::::::::::::::::::::::::::::::::::::�teq�..r...rn�n....:.:........:.....................:............ ...................:.�..�.�.�.�.�.�.�.� ..�.....................................:.........�..:...........:...........j..._...... ..:.:...:.3...�f.:.:................:.:.:.:.:.:.:..:.:.:.:.:.:.:...:.:.::.,::.:.:...:........:.:.:.:...:.:.:.:.............:.:.:.:.:.:.: .:.:.:.:.:.:.:.:......:.:.:.:.:.:.:.:.. .:.:...:.:..............................:.:.:.:.:.:...:.:.:.. ..:.. :�:::::::�':':�:�:�:�:�:::�:::::::::::::::::::::: :::�::��:�:::�:�:::�: ::::::::�� ::::�::::::::::: :::::::::..... .. ::::::::A ::::::::��::::::�::::::::::::::::�::: :::::::::::::::::: ::::::::....... .. ... ......._:��................... :::::::::':::::::::::::'::::::::``:::"°:::`::::`::>:::�:::`�:= �)............. .... .. {.�............. ...............t. .1....:.......:.............. .�...�..�.................. ... General Revenue $ 6,325,600 $ 391,831 � 577 497 5 ]. 552 889 $ 3 803 383 Debt Service Totat" 933,453 933,453 Road and Brid e Other iden ' ) Total g 7,259,053 g 391,831 � 577,497 $ 1,552,889 $ 4,736,836 'provide breakdawn of certified levy by individual bond on reverse side or attach an additional sheet �See Attached) Market Value Based Referendum Levy $ 155,715 A-Budget Requirement................................................. Amount needed to fund services. 8-LGA(Lop!Govemment Aid)......................................................These aids are ce�Gfied to the�dng dishict by the Department of Revenue. They qn be used GHACA(Hamestead&Ag Credit Aid)................ to reduce any budget item levy requirement combinaUon of ftems or be deduded proportiona0y from aU tevy requirements. D-Other Resouroes..................................................................... All other resources that wiil be used to finance your taxing disUicts budget Induding but nct funited to other aids,interesi income,priar year reserves,grants,etc. E-Certified Levy........................................................................... Levy certified to the County Treasurer-Auditor. ROUND TO THE NEAREST WHOLE DOLLAR.DO NOT CER7IFY PENNIES. The Treasurer-Auditor's office wiil derluct Fiscal Disparities from ali certified levies. Before signing, piease verify the following: -MAKE SURE THAT ALL LINES ADD ACROSS AND ALL COLUMNS ADD UP TO THE TOTAL LINE • -BREAKDOWN OF DEBT SERVICE LEVY BY INDIVIDUAL BOND HAS BEEN PROVIDED -AMOUNTS REPORTED MATCH ANY OTHER SUPPORTING DOCUMENTATION INCLUDED (i.e., Certified Levy on this form matches amount on your taxing districYs resolution, etc.) , � Finance Director (651) 322-2031 Sig ture p on completing form Title Phone(indude area-code) 9-8-99 Date ;..:;:;::..�;::...�...::::......�.: .. ........ ::>:<z:>::;�:>:;;;:;:.;:>r;:;::.::>::.>:::;::;::;.. • ;:. ,;::�,;;;:::>...:.:::::.::.;;:..:><. ;. ::.:•�: . �<.; � l. : � ::..::.:,.::.::.. .. . ..,. �.....:i - � [> . .:.�/+� � ��`f:��::i'.:.�';;; ;:i:::2>:::i:'t: ...,. . ._: . . .f�y}� . {� �# T p �]( }� #� :>::::i.'�..i:::;::^:::::.:::.i:::,i:ii:..i{'�f y� :. - 7 �kL..��?.�1:T��::1::.itilF�IC7"1��FS��':�.:��#C{�. :::.�._..:�::.::..:'�;:;;:..':::;:�E7E�.�i.1��;:��4kRJ`Y��::;:... ..:.:�:::.....:..:...:.�::.::..::.:.:: .::::.::..:;.;:. � �:� ;: :S:ti:::::;:>: . . . . .,-; . . ...... .:::.� .��::::. . .. .�-::.:7�pC. �'" .{ ....... . yQ ^ �{� :.:.:.::.::.. .:^.�::»::o-.::: :;i:ii;:::.:::: �._ : ': .....: : -- >� .i: � � �GI�.�G3-XFFJG�-��F- �w7�T� i;:i.<:::ii::".::�:. ........:..'::.i:�...::`Cii �� .. . ::. � �:::o-:��:>.: . :_ . . -- . : � � . ... :.,.� � .:..:. .'��::.�. '. x;��.o.:::>:.;�:.::�s:•: 1999 GENERAL PROPERTY TAX LEVY PAYABLE 2000 GENERAL LEVY GENERAL FLTND $2,710,383 BUILDING CIP FUND $161,400 STREET CIP FUND $230,000 EQUIPMENT CIP FUND $516,600 INSURANCE FUND $185,000 --------------------------- TOTAL GENERAL LEVY $3,803,383 BO�IDED INDEBTEDNESS G.O.IMPROVEMENT BONDS 1991A(Authorized-$8,892) $8,892 G.O.COMMITNITY CENTER BONDS 1992C(Authorized-$101,992) $101,992 G.O.IMPROVEMENT BONDS 1992D(Authorized-$8,214) $8,214 G.O.MUNICIPAL BUILDING BONDS 1992E(ICE ARENA)(Authorized-$252,649) $136,300 G.O.IMPROVEMENT BONDS 1993A(Authorized-$1,653) $1,653 G.O.IMPROVEMENT REFUNDING BONDS 1993B(Authorized-$121,096) $121,096 G.O.MUNICIPAL BLDG REFLJNDING BONDS 1993D(Authorized-$148,749) $148,749 G.O.BONDS 1993E(Port Authority)(Authorized-$63,289) $63,289 G.O.BONDS 1994A(Port Authority)(Authorized-$171,308) $171,308 G.O.IMPROVEMENT BONDS 1995A(Authorized-$19,020) $19,020 --------------------------- TOTAL BONDED INDEBTEDNESS $780,513 MARKET VALUE BASED REFERENDUM-1995 FIRE STATION LEVY G.O.FIRE STATION BOi�TDS, 1996A(Authorized-$155,715) $155,715 --------------------------- TOTAL FIRE STATION LEVY $155,715 --------------------------- PRINCIPAL AND INTEREST ON ARMORY BONDS ARMORY ANTICIPATORY LEVIES($95,000+($726,076,300 x.00798%)) $152,940 --------------------------- TOTAL PRINCIPAL AND INTEREST ON ARMORY BONDS $152,940 --------------------------- GRAND TOTAL 1999 PROPERTY TAX LEVY $4,892,551 tntc� DAKOTA COUNTY OFFICE OF THE TREASURER-AUDITOR ' PAYABLE 2400 TRUTH IN TAXATION HEARING DATE CERTIFICATION FORM A Taxing District Name: Ci ty of Rosemount Public Hearing Date: Monday, December 6, 1999 Time of ineeting: 6:30 p.m. Place of ineeting: Rosemount Ci ty Hal l 2875 145th Street West, Rosemount, MN 55068 Continuation Date: Monday, December 13, 1999 PLEASE PROVIDE US WITH A CONTACT NAME AND PHONE NUMBER TO WHOM WE MAY REFER SPECIFIC TAXPAYER QUESTIONS. Name or Title: Fi nance Di rector Address: 2875 145th Street West Rosemount, MN 55068 Phone number: (651) 423-4411 Signature of person /�/� completing this form: /�l Title: Fi nan e Di rector Phone number: (651) 322-2031 Date: 9-8-99 '*"'Please include area code when identifying phone numbers***" .: ....... <::..,:::::><::::::::;::.>.::;;;:; < <S�HC�;t�L�?�S'�t:k�T� ��,s fv'F�m�st be re��ned to:th�Tr��sur��`1�u��o�- by A�UGilS7 9i3,��3g �iUt�ICiPAL1TlES '��ats�€rxrrn�nc�st#a�r�t�c�ecfi;��the�'r�as�rec-A�dito�by SE�'TEMBER '��, '��g`� FUNDING REQUIREMENTS-USES (INCLUDING FIRE STATION LEVI� September 7,1999 1999 2000 Adopted Proposed +�- Departments Budget Budget Difference Percentage Council Budget 566,200 581,600 S15,400 23.26% Administration Budget 256,700 273,000 16,300 635% Elections Budget 6,000 11,600 5,600 93.33% Finance Budget 149,700 156,700 7,000 4.68% General Govemment Budget 232,200 259,700 27,500 11.84°/a Community Development Budget 407,100 484,200 77,100 18.94% Police Budget 1,288,600 1,366,300 77,700 6.03% Fire Budget 179,800 192,400 12,600 7.01% Public Works Operating Budgets: Government Buildings Budget 292,000 276,800 (15,200) -5.21% Fleet Maintenance Budget 320,300 337,100 16,800 5.25°/a Street Maintenance Budget 714,000 749,100 35,100 4.92% Parks Maintenance Budget 318,900 350,100 31,200 9.78% Park&Rec Budget-General Operating 541,900 610,800 68,900 12.71% Park&Rec Budget-Special Programs 82,500 83,200 700 0.85% ---------------------------------------------------------------------- Total Operating Budgets-General Fund $4,855,900 55,232,600 5376,700 7.76% Building CIP Requirements 44,000 161,400 117,400 266.82% Street CIP Requirements 350,000 230,000 (120,000) -34.29°/a Equipment CIP Requirements 466,800 516,600 49,800 10.67% Insurance Budget Requirements 180,000 185,000 5,000 2.78% Bonded Indebtedness 797,629 780,513 (17,116) -2.15% Bonded Indebtedness-Fire Station Lery 153,363 155,715 2,352 1.53% Armory Anticipatory Levy(Value 6/6/99) 147,454 152,940 5,486 3.72% **595,000+($726,076,300 x.00798%)*• ----------------------------- ; o Total Funding Requirements $6,995,146 $7,414 768 5419,622 6.00/o NOTE: Special Levies include(1)Bonded Indebtedness,(2)Fire Station Lery and(3)Armory Anticipatory Levies. FUNDING REQUIREMENTS-SOURCES (INCLUDING FIRE STATION LEVI� September 7,1999 1999 2000 Adopted Proposed +/- Types Budget Budget Difference Percentage Local Government Aid(LGA) $381,988 �391,831 59,843 2.58% Homestead&Agricultural Aid(HACA) 550,493 577,497 27,004 4.91% Local Performance Aid(LPA) 15,466 0 (15,466) -100.00% Internal Revenue Generated: Licenses and Permits 344,200 390,700 46,500 13.51°/a Intergovernmental 399,350 382,289 (17,061) -4.27% Charges for Services 303,700 410,300 106,600 35.10% Fines&Forfeits 100,000 100,000 0 0.00% Recreational Fees 190,000 195,900 5,900 3.11% Miscellaneous Revenues 64,000 70,200 6,200 9.69% Transfers In 3,500 3,500 0 0.00% ------------------------------------------------------------------------- Total Internal Revenues 1,404,750 1,552,889 148,139 10.55% Levy Sources Special Levies 1,098,446 1,089,168 (9,278) -0.84% General Levy 3,544,003 3,803,383 259,380 7.32% ----------------------------------------------------------------------- Total Levy $4,642,449 54,892,551 5250,102 5.39% ------------------------- ' o Total Revenue Sources $6,995,146 57,414 768 5419,622 6.00/o NOT'E: Special Levies include(1)Bonded Indebtedness,(2)Fire Station Lery and(3)Armory Anticipatory Levies.