HomeMy WebLinkAbout11.08.10 Work Session Packet
City of Farmington
430 Third Street
Farmington, MN 55024
Mission Statement
Through teamwork and cooperation,
the City of Farmington provides quality
services that preserve our proud past and
foster a promisingfuture.
AGENDA
CITY COUNCIL WORKSHOP
November 8, 2010
6:40 P.M.
CITY COUNCIL CHAMBERS
1. CALL TO ORDER
2. APPROVE AGENDA
3. 2011 BUDGET DISCUSSION
4. ADJOURN
PUBLIC INFORMATION STATEMENT
Council workshops are conducted as an iriformal work session, all discussions shall be consideredfact-flnding, hypothetical and unofficial
critical thinking exercises, which do not reflect an official public position.
Council work session outcomes should not be construed by the attending public and/or reporting media as the articulation of aformal City policy
position. Only official Council action normally taken at a regularly scheduled Council meeting should be considered as aformal expression of
the City's position on any given matter.
City of Farmington
430 Third Street
Farmington, Minnesota
651.280.6800 . Fax 651.280.6899
www.ci.farmington.mn.us
TO:
FROM:
SUBJECT:
DATE:
Mayor and Councilmembers
Peter J. Herlofsky, Jr., City Administrator
Budget Workshop
November 8, 2010
BACKGROUND: On July 8, 2010 a draft budget document was distributed to Council. At the
Council workshop on August 23, 2010, staff presented Council with $400,000 in reductions to
the budget. This preliminary budget and the preliminary 3.73% levy were approved by Council
on September 7, 2010. At the last Council work session held on October 11, 2010, Council
asked staff to add back $23,494 to the Parks and Recreation Budget. In addition to this
adjustment, Council also asked staff to bring back options for reducing the 2011 budget by
another $100,000.
The Budget summary shown in Attachment 'A' shows how we arrived at our General Fund
Budget of $9,258,928. The enclosed budget reductions in Attachment 'B' show the original
reductions plus council requested and additional adjustments made to bring the budget back to
the $400,000 reduction. The adjustments are summarized below:
Original Budaet proposed on July 8, 2010 $9,640,253
Budaet Reductions (400,000)
Revenue increases 18,675
Recreation items Added back per Council:
PuooetWaaon 850
Proaram Exoense 1,700
Warmina house and other Part-time salaries 6,000
Suoolies 6,638
Cell Phones 1,680
Recreation Brochure 6,026
Rambling River Center Supplies (soap, tissue) 600
Total Recreation Added Back to the Budget 23,494
Fire Pension State Aid 73,000
Additional Staff reduction: Layoff (Salaries and Benefits) (72,900)
Move Administrative Services Director & Communication
Specialist Staff salary - Fund with Cable fees. (23,594)
Preliminary Levy approved on September 7,2010 $9,258,928
1
ADJUSTMENTS:
Pay for a portion of the Administrative Services Director and the Communication Specialist staff
salaries out of the Communications Budaet (Fund 4000).
Enclosed is the Communications budget (Attachment 'C'). This budget includes tax revenue to
pay a capital equipment note which will mature at the end of 2011. This fund also receives
approximately $140,000 in cable franchise fee revenue. This revenue can only be used for
communications within the City. We estimate saving approximately $23,594 with this option.
STAFF REDUCTIONS
The $400,000 reductions shown above include the following staff cuts (Salaries plus benefits):
Position Reduction
Retirement $60,541
Position cut through attrition $69,759
Layoff $72,900
TOTAL $203,200
When staff presented the reduction of 2 employees, we informed council that one was a
retirement and the other was staff reorganization. We have one person who retired in the
maintenance area. The position was filled by internal staff. If we continue to fill the positions
internally, we will have an opening and will eliminate the bottom position.
INTRODUCTION: Additional Budget reductions, as requested, are provided to the Council as
the following options. Details of these options are provided within this document.
Lona-term Recommended
Option 1: Eliminate the 'pick up' option of the City Clean up day and reduce the fees to
residents. ($100,000)
Short-term (Not recommended)
Option 2: Furlough -1 Week for every employee (including police).
Option 3: Eliminate additional positions
($100,000)
($100,000)
OPTION 1: Eliminate the City Clean UD day and reduce the fees to residents.
The City Clean up currently costs us approximately $150,000 per year. Although we have
attempted to limit this to residents only, we know that other people drop items along the curb. In
an effort to reduce costs and limit the cleanupto residents only, we would like to eliminate the
curbside pickup, but allow residents to drop items off at the Municipal Services Facility. This
would reduce our costs to approximately $50,000 per year. There may be a small fee to
residents for this service.
2
The approximately $100,000 savings would be passed onto our residents in the form of a fee
reduction. We estimate the fee reduction to be $3.65 per quarter or $14.60 per year. The
Current and new rates are shown below:
New
Current Rate
Rate per Per
Trash can size Quarter Quarter Difference
30 Gallon 46.00 42.35 3.65
60 Gallon 55.00 51.35 3.65
90 Gallon 64.00 60.35 3.65
120 Gallon 76.50 72.85 3.65
150 gallon 85.50 81.85 3.65
180 gallon 95.50 91.85 3.65
210 gallon 107.50 103.85 3.65
270 gallon 126.50 122.85 3.65
Budget Impact
This is an annual reduction of $99,747. The Solid Waste Services budget (Attachment '0')
shows a $99,747 reduction in the charges for services revenue line item within the 2011
adjusted budget column. The other services and charges expense line item is also reduced by
the same amount
OPTION 2: One Week Furlouah for every emplovee (includina Police)
The following chart shows the budget impact if we had a furlough. Various hours are shown to
allow the Council to decide if they want to combine this option with any of the above options to
come up with the $100,000. This is a short-term option.
Furlough Hours
General Fund
1m act
Total City Impact
$91,016
$72,813
$54,609
$36,406
$108,725
$86,980
$65,235
$43,490
3
Note: With the Police Department Emplovees reducing their annual adiustment. I feel that
including them in the furlough would not be appropriate.
OPTION 3: Eliminate additional positions:
This option is not recommended.
Other Possibilities:
~ Lease space in City Hall
~ Deputy Registrar
~ Police Contracts
OTHER POSSIBILITIES:
Lease Space in City Hall
Staff has been in contact with the School District who has expressed an interest in leasing the
space available upstairs at City Hall. This space is 5,000 square feet.
Deputy Reaistrar's Office
Council should decide whether or not they feel we should open a Deputy Registrar's office in
2011.
Police Contracts
Staff is continuing discussions with the Police Officers Union regarding a contract amendment
that would reduce their pay increase for 2011. The Sergeants have agreed to similar
amendments to their collective bargaining agreement.
Levy Review
_Attachment 'E'
Discussion
Franchise Fees and Sealcoating
4
ATTACHMENT: A
CITY OF FARMINGTON, MN
ANNUAL BUDGET
GENERAL FUND
FUND SUMMARY
REVENUES
General Property Taxes 6,689,874 6,747,049 7,194,035 7,509,547 (400,000) 7,109,547 (84,488) -1.2%
Licenses & permits 360,068 376,183 316,005 411,455 20,000 431,455 115,450 36.5%
Fines & Forfeitures 75,522 67,155 100,000 70,000 70,000 (30,000) -30.0%
Interest 218,602 288,555 282,271 250,000 250,000 (32,271 ) -11.4%
Intergovernmental 596,056 423,939 407,140 405,590 405,590 (1,550) -0.4%
Charges for services 579,067 584,932 600,500 574,626 (1,325) 573,301 (27,199) -4.5%
Miscellaneous 63 255 108 653 65 000 69 000 69 000 4000 6.2%
Total Operating Revenue 8 582 444 8 596 466 8 964 951 9290218 8 908 893 56 058 -0.6%
Transfers In:
EDA 48,000 0.0%
Liquor Operations 61,000 66,300 70,007 70,007 3,707 5.6%
Sewer 61,000 66,300 70,007 70,007 3,707 5.6%
Storm Water 61,000 66,300 70,007 70,007 3,707 5.6%
Refuse 61,000 66,300 70,007 70,007 3,707 5.6%
Water 61 000 319980 66 300 70 007 70 007 3707 5.6%
Total Transfers In 353 000 319980 331 500 350 035 350 035 18535 5.6%
Total Revenue 8,935,444 8,916,446 9,296,451 9,640,253 (381,325) 9,258,928 (37,523) -0.4%
EXPENDITURES
Administration 915,194 1,033,871 1,130,445 1,131,837 (144,835) 987,002 (143,443) -12.7%
Human Resources 243,521 250,883 262,540 264,084 (11,513) 252,571 (9,969) -3.8%
Finance 501,008 538,794 459,103 490,593 (60,935) 429,658 (29,445) -6.4%
Police 3,437,188 3,602,620 3,762,227 3,924,512 (30,824) 3,893,688 131,461 3.5%
Fire 778,870 677,986 800,109 672,690 46,324 719,014 (81,095) -10.1%
Engineering 895,799 838,652 926,269 953,640 (56,774) 896,866 (29,403) -3.2%
Municipal Services 904,469 847,658 797,095 823,683 (21,331) 802,352 5,257 0.7%
Parks & recreation 1 203 254 864 400 983 663 1 000241 9713 903 104 80 559 -8.2%
Total Expenditures 8 879 303 8 654 864 9 121 451 9 261 280 8 884 255 -2.6%
Transfers out:
Recreation operating 100,000 141,215 175,000 145,000 140,700 (34,300) -19.6%
Arena
Debt service 233 973 233 973 233 973 100.0%
Total transfers out 100 000 141 215 175 000 378 973 374 673 199 673 114.1%
Total Expenditures 8 979 303 8 796 079 9 296 451 9 640 253 9 258 928 -0.4%
Excess(Deflclency) of
Revenues and other financing
sources over Expenditures (43,859) 120,367 0 0 0 0.0%
Fund Balance beginning
of year 2 139686 2 095 827 2 095 827 2 095 827 2 095 827 0.0%
Fund Balance end of year 2 095 827 2216194 2 095 827 2 095 827 2 095 827 0 0.0%
1
2011 Budget Reductions
ATTACHMENT: B
Budget
Account Reduction
Dept Number Item Impact (Increase)
Administration / Finance
Legislative 1005.6460 Dues & Subscriptions Metro Cities Dues 6,340
Administration 1010.6110 Salaries Pav from Cable Franchise Fees 11,797
1010.6210 Office Supplies Reduce Office Supplies 10,000
1010.6220 Equipment Supplies Reduce Equipment Supplies 500
1010.6403 Legal Use Attomey less 4,750
1010.6450 Outside Printing No outside forms 1,000
1010.6460 Dues & Subscriptions Newspapers 500
1010.6485 Mileage Reimbursement Reduce travel 100
1010.6405 Equipment Repair service Reduce use of copiers 5,000
1010.6555 Equipment Rental Reduce copies/ no color 5,000
Historical Preservation 1006.6401 Professional Services Reduce Consultant Activitv 400
Communications 1014.6110 Salaries Pay from Cable Franchise Fees 11 .797
1014.6401 Professional Services Misc Publications 1.000
1014.6445 Postage Reduce postage 2.500
City Hall 1015.6240 Building supplies New building, less to fix 1.500
1015.6421 Municipal services No charges to the City 2,500
1015.6422 Electric Turn off lights/lower air condition 1.250
1015.6423 Gas Winter - lower thermostat 1,250
1015.6505 Equipment repair service New building, less to fix 1,140
Finance 1021.6412 Cell phone 120
Community Development 1035.6401 Professional Services Less help 2,300
1035.6460 Dues & Subscriptions Limited support 385
1035.6470 Training Limited training 300
Total Administration/Finance $ 71,429
Human Resources 1011.6401 Professional Services Mandated emplovee training 3,300
1101.6401 Professional Services Labor attomey 1,500
1101.6401 Professional Services EAP 2,000
1011.6450 Outside printing 500
1011.6494 Advertising Limit employment advertising 4,000
TOTAL Human Resources $ 11,300
Information Technology 6112 Overtime No after hours support 4,493
6152 FICA 343
6270 Fuel No impact - not used 400
6210 Office Supplies 1,500
6401 Professional Services Security Training 750
6402 Data processing Limits help on server build & repair 4,800
6505 Equipment Maintenance Cut Mtnce agreements on IT equip 2.950
Reductions allocated to other funds (6,459)
Total Information Technology $ 8,777
I
1
2011 Budget Reductions
ATTACHMENT: B
Budget
Account Reduction
Dept Number Item Impact (Increase)
Police Admin Wages
Services/supplies
1050.6401 Professional Services Animal Control 10,000
Police Patrol 1051.6250 Supplies Shooting supplies 2,000
1051.6290 Uniforms New Officer uniform setup 4,000
1051.6220 Equipment Tasers, handguns, etc. 4,000
1051.6470 Training Officer training 7,000
Total Police $ 27,000
Fire Dept 1060.6158 Fire Pension Aid Added into the budget to cover grant (73,000)
1060.6120 Part-time Reduce active members from 52-50 8,170
1060.6152 FICA 625
1060.6470 Training 5,695
1060.6290 Turnout gear 8,500
1060.6290 Uniforms 3,000
Total Fire Dept $ (47,010)
Engineering Services 1070.6105 FT Salaries (10,000)
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
1070.6210 Office Supplies year. 350
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
1070.6230 Vehicle Supplies year. 250
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
1070.6272 Fuel year. 1,750
Items that cannot be completed by
1070.6401 Professional Services staff will wait. 30,000
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
1070.6403 Legal year. 2,500
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
1070.6450 Outside Printing year. 100
2
2011 Budget Reductions
ATTACHMENT: B
Budget
Account Reduction
Dept Number Item Impact (Increase)
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
Engineerina (Continued) 1070.6455 Mileage Reimbursement year. 200
Total Engineering Services $ 25,150
Items that cannot be completed by
Planning & Zoning 1030.6401 Professional Services staff will wait. 17,200
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
1030.6403 Legal year. 3,000
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
1030.6455 Legal Publication year. 600
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
1030.6455 Mileage Reimbursement year. 250
Total Planning & Zoning $ 21,050
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
Natural Resources 1076.6220 Equioment Supplies year. 500
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
1076.6230 Vehicle Supplies year. 250
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
1076.6250 Other Suoolies year. 1,100
3
2011 Budget Reductions
ATTACHMENT:B
Budget
Account Reduction
Dept Number Item Impact (Increase)
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
Natural Res (continued) 1076.6272 Fuel year. 1,500
- If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
1076.6401 Professional Services year. 3,150
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
1076.6450 Outside Printing year. 100
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
1076.6460 Dues and Subscriptions year. 150
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
1076.6470 Training and Subsistence year. 300
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
1076.6485 Mileage Reimbursement year. 150
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
1076.6505 Equipment Repair services year. 500
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
1076.6510 Vehicle Maintenance year. 500
If budget is reached and there is a
need for this item a decision will
have to be made as to whether to
go over budget or wait on whatever
needs to be done until the following
1076.6555 Equipment Rental year. 500
Total Natural Resources $ 8,700
4
2011 Budget Reductions
ATTACHMENT: B
Budget
Account Reduction
Dept Number Item Impact (Increase)
PT helps with blacktop, paint
hydrants, and other misc. We have
Municipal Services - Street not filled this in the last 3 years due
Maintenance 1072.6120 Part-time Employee to budget constraints. 14,993
1072.6152 FICA 1,147
1072.6154 PERA 1,087
1072.6158 WORK COMP 1,104
1072.6230 Vehicle Supplies Emergency Vehicle supplies 2,000
1072.6254 Si~:ms and Striping Limit signs and Striping 1,000
Total Municipal Services $ 21,331
Paint for foul lines, aglime used for
ball fields, grass seed, protective
netting, wood fiber for protective
playground surface, fertilizer and
Park Maintenance 1090.6250 Other Supplies herbicide, decrease quality of turf. 12,491
ADDED BACK 1090.6250 Other Supplies ADDED BACK TO BUDGET (6,638)
Less mowing, repairs, warming
house not open for season, slower
response time in removing graffiti,
ADDED BACK 1090.6120 Part-time Salaries maintenance of right of way reduced 13,638
1090.6120 Part-time Salaries ADDED BACK TO BUDGET (6,000)
Terminate skidster lease - reduce
snow removal of rinks, sidewalks,
1090.6555 Equipment Rental trails, and parking lots 5,100
Total Park Maintenance $ 18,591
Eliminate puppet wagon program,
tots & tikes program. This will also
Recreation Program 1095.6120 Part-time reduce revenue. 1,367
ADDED BACK 1095.6120 Part-time puppet wagon - ADDED BACK (850)
Program revenue reduction (tots
1000.4662 REVENUE &tikes) (1,325)
1095.6401 Professional Services Reduce programs and revenues.
1095.6570 Program expense Use existing equipment next year 3,552
ADDED BACK 1095.6570 Program expense ADDED BACK TO BUDGET (1,700)
Total Recreation Program $ 1,044
Reduce color paper for flyers &
brochures. Reduce other office
Recreation Admin 1096.6210 Office Supplies supplies. 500
1096.6230 Vehicle Supplies Reduce scrapers, air fresheners, etc 200
1096.6250 Other Supplies Reduce misc supplies & plaques 200
1093.6272 Fuels reduce visits to City parks 1,000
No clothing purchases to identify
1096.6290 Uniforms staff 100
ADDED BACK 1096.6412 Cell phones 1,680
1096.6412 Cell phones ADDED BACK TO BUDGET (1,680)
1096.6422 Electric No lighting of the P&R info siQn 250
ADDED BACK 1096.6450 Outside printinQ Reduce prOQram brochure from 3-2 6,026
5
2011 Budget Reductions
ATTACHMENT: B
Budget
Account Reduction
Dept Number Item ImDact (Increase)
1096.6450 Outside printing ADDED BACK TO BUDGET (6,026'
1096.6460 Dues & Subscriptions No NRPA membership and MRPA 788
reduce training - results in lost
1096.6470 Trainim~ certifications 1,000
1096.6485 Mileage reimbursement reduce visits to City parks 600
No advertisement in Farmington
Independent community guide and
1096.6492 Advertising community expo handout 500
Total Recreation Admin $ 5,138
Rambling River Center 2410.6250 Office Supplies No office supplies 450
will have to rely on donations of
Kleenex, toilet paper, and hand
ADDED BACK 2410.6240 Building Supplies soap 600
2410.6240 Building SUDPlies ADDED BACK TO BUDGET (600)
2410-6421 Municipal Services Reduce water consumption & trash 1,000
Reduce electricity by making
computer lab available 3 days per
week, heat building less, cool
2410.6422 Electricitv building less 1,000
2410.6423 Natural Gas Heat buildina less 200
Reduce River newsletter from 12x
2410.6445 Postage per year to 6x per year 500
2410.6460 Dues & Subscriptions Eliminate one newsoaper subscriptio 150
2410.6515 Building maintenance Defer maintenance of building 1,000
Total Rambling River Center (Reduction of GF transfer) $ 4,300
Revenue Increase
(decrease) 1001.4305 Building Permits CDA, $ 20,000
Increase duties for other staff
Two Staff Positions General Fund Retirement & Attrition members $ 130,300
Increase duties for other staff
Staff Layoff Community Develoment members 72,900
TOTAL COUNCIL REQUESTED REDUCTIONS $ 400,000
6
ATTACHMENT: C
CITY OF FARMINGTON, MN
ANNUAL BUDGET
4000
CAPITAL ACQUISITION FUND
FUND SUMMARY
$ $ $ $
REVENUES
4011 General Property Taxes (Debt levy) 448,613 442,541 167,900 162,600
4011 General Property Taxes (MVHC) 47,830 350,000
4404 Federal Grant 23,370
5095 Cable Franchise fees 140,689 144,722 140,000 140,000
4955 Investment Income
5350 Miscellaneous 5,000
Total Revenues 589,302 663,463 657,900 302,600
EXPENDITURES
6100 Personnel Services 23,594
6400 Communications projects 46,542 91,807 50,000 50,000
6400 Other services & charges 290 500 500
7110 Principal retirement 445,000 460,000 150,000 160,000
7120 Interest and fiscal charges 27,400 16,050 7,525 7,525
Total Expenditures 519,232 567,857 208,025 241,619
OTHER FINANCING SOURCES & USES
5210 Transfers in 50,000 10,000
7310 Transfers (out)
Total Other Financing Sources (Uses) 50,000 10,000
Excess(Deficiency) of Revenues and other
financing sources over Expenditures (109,930) 145,606 73,095 60,981
Fund Balance beginning of year 37,419 73,095 182,970
Fund Balance end of year 73,095 146,190 243,951
1
ATTACHMENT: D
CITY OF FARMINGTON, MN
ANNUAL BUDGET
6300
SOLID WASTE SERVICES FUND
FUND SUMMARY
(MODIFIED ACCRUAL)
$ $ $ $ $
REVENUES
5025 Charges for service 1,768,806 1,763,828 1,955,000 1,955,000 1,855,253
4370 Other permits 1800 1684 1700 1700
1,770,606 1,765,512 1,955,000 1,956,700 1,856,953
Other Revenues
4460 Intergovemmental 103,010 104,206 60,000 18,700 18,700
4955 Investment income 8,383 6,685 10,000 1,250 1,250
5350 Miscellaneous 59 967 2238
Total other revenue 171 360 113129 70 000 19950 19950
Total Revenues 1 941 966 1 878641 2 025 000 1 976 650 1 876 903
EXPENSES
6100 Personal services 468,802 453,386 433,869 451,586 451,586
6200 Supplies 122,380 86,163 181,935 147,935 147,935
6400 Other services & charges 1,063,120 1,101,094 1,251,768 1,214,172 1,114,425
6900 Capital outlay 15,000
Total Operating Expenses 1 654 302 1 640 643 1 882 572 1 813693 1 713946
Income (loss) before transfers 287,664 237,998 142,428 162,957 162,957
Transfers out:
7310 General fund 61,011 63,996 64,000 70,007 70,007
7310 Debt service funds 49,868 48,552 48,559 30,105 30,105
Total transfers 110 879 112548 112559 100112 100 112
Income (loss) after transfers 176,785 125,450 29,869 62,845 62,845
Total Expenses 1,765,181 1,753,191 1,995,131 1,913,805 1,814,058
Less: Capitalized assets (15,000)
Add: Depreciation Expense 175780 158 508 141 230 123 230 123 230
Net Total Expenses 1,940,961 1,911,699 2,121,361 2,037,035 1,937,288
Net Income (loss) 1,005 (33,058) (96,361) (60,385) (60,385)
Net assets, beginning of year 782 177 783182 750 124 653 763 653 763
Net assets, end of year
Investment in capital assets 516,558 358,050 216,820 93,590 93,590
Unrestricted 266 624 392074 436 943 499 788 499 788
Total Net assets, end of year 783 182 750124 653 763 593 378 593,378
ATTACHMENT: E
Levy Use
2010 Levy 2011 Levy Difference
General Fund $ 5,694,448 $ 5,440,396 $ (254,052) -4.46%
MVC - State Levy 350,000 415,051 65,051 18.59%
Fire Relief Levy 195,584 131,175 (64,409) -32.93%
General Levy Total $ 6,240,032 $ 5,986,622 $ (253,410) -4.06%
Levies Allowed Above
Legislative Limits
G.O. Improvement - 2003A $ 249,918 $ 249,918 $ 0.00%
G.O. Improvement - 2005B 200,000 200,000 0.00%
G.O. Improvement - 2006A 77,200 509,572 432,372 560.07%
Equipment Certificate - 2005D 167,900 162,600 (5,300) -3.16%
Wastewater Treatment - 1995 60,000 60,000 0.00%
Public Project Revenue - 2001A 350,000 (350,000) -100.00%
Public Project Revenue - 2010A 390,000 390,000 100.00%
G.O. Capital Improvement - 2005C 144,120 144,120 0.00%
G.O. Capital Improvement - 2007 A 733,700 733,700 0.00%
Public Safety Revenue Bonds -2007 (DCe) 59,450 59,450 0.00%
Street Reconstruction - 201 OC 75,000 75,000 100.00%
Ice Arena Equipment Certificate - 201 OD 20,000 20,000 100.00%
Total Levies Above the General Levy $ 2,042,288 $ 2,604,360 $ 562,072 27.52%
Grand Total Levies $ 8,282,320 $ 8,590,982 $ 308,662 3.73%
1