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HomeMy WebLinkAbout09.10.07 Work Session Packet -'- City of Farmington 325 Oak 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 SEPTEMBER 10, 2007 5:30 P.M. CITY COUNCIL CHAMBERS 1. Call To Order 2. Approve Agenda 3. Discuss 2008 Budget 4. Adjourn PUBliC INFORMATION STATEMENT Council workshops are conducted as an informal work session, all discussions shall be considered fact-finding, 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 a formal City policy position. Only official Council action normally taken at a regularly scheduled Council meeting should be considered as a formal expression of the City's position on any given matter. City of Farmington 325 Oak. Street Farmington, Minnesota 651.463.7111 . Fax 651.463.2591 www.ci.farmington.mn.us TO: Mayor, Councilmembers, and City Administra r FROM: Robin Roland, Finance Director ~ SUBJECT: 2008 Budget Workshop DATE: September 7,2007 The following comparisons should be used in considering the 2008 budget and levy requests: General Fund Debt Service Total 2008 Proposed 6,969,159 1,900,760 8,869,919 2007 Adopted 6,160,490 1,766,290 7,926,780 $ change 808,669 134,470 943,139 % change 13.12% 7.6% 11.9% The General Fund tax levy increase of $808,669 goes towards the following: Total 225,000 140,104 26,696 152,148 41,517 101,000 22,204 100,000 808,669 Reduced Building permit revenues * 3% COLA assumed (w/benefits) PERA increases New positions with benefits Increases in supplies Increase in IT charges Increase in other charges & services Increase in Capital Outlay * The actual reduction in building permits of $373,750 is considered offset by the increases in fine revenue ($6,000), charges for service and miscellaneous revenue ($52,000), interest revenue ($25,000) and transfers in ($65,000). These net to the $225,000 listed above. The increase in IT charges is directly related to replacement of switches and computers according to our four year replacement policy and the continued increased cost of maintenance agreements for all our software. Capital outlay items for the City Hall are listed on page 9 in the budget but are covered by the City Hall bonds, not any other levy dollars. All capital project budgets will be submitted with the final budget document. Staff is aware that the proposed budget increases the City tax rate to 43.76% compared to the 2007 rate of 41.87% and that this is not the stated desire of Council at the previous workshop. In order to show no rate increase, the levy would need to be reduced from its proposed level by $342,850. Each $100,000 in spending equates to 0.55% in tax rate. Finally, I have attached the property comparison we started using last year showing five different City properties and the effect ofthe proposed 2008 tax rate on each. (/) t5 rn a. "~ >< .l!! -0 c:: rn (/) c:: .2 10 ::J ~ 00 0 0 N -0 c:: rn I'- 0 0 N cD 0 0 N ~ a. E ~ Q) Q) ::J ~ c:: rn ii Q) ~ Q) .s -0 c:: ~ (/) Q) 'E Q) l a. e a. >< c:: .l!! .9 >- Ol 1:: c:: "E Q) a. c:: ro e .9 LL a. Ol Q) -0 c:: > Q) .E t;::: (/) '0 0 ro a. LL (/) e '- "w a. 0 >- Q) ~ ro .s c:: G <( 10 C'") r:: N """ C'") 00 .c (0 0) .... """ 00 c .... .... ~ 0 E ~ ~ ~ ~ ~ ~ ~ ~ 10 .... 00 I'- N 0) '[5 10 10 0 (0 .... 10 I'- 00 .... C'") I'- 0 -0 >< 00 .... .... .... .... Q) 0 (/) rn 0 0.... N a. e ~ a. (0 00 00 0) I'- """ .c (0 00 0 C'") 00 c .... .... en 0 8 E ... ~ ~ (0 """ 0 00 00 .... C'") co (0 0 C'") 0 >< I'- q C"l. ~ .l!! I'- .... .... .... .... 0 ~ 0 .u N ~ (0 10 10 10 C"l C"l .c (0 00 0 C"l 00 C .... .... .... 0 (/) E 0 u ~ ~ I'- """ 00 00 (0 """ N I'- .... 10 0) 0) >< I'- I'- q "!. 10 0) .l!! (0 .... .... .... 0 ~ 0 .u N ~ Q) Ol Q) rn (/) -;R. -;R. -;R. ~ -;R. -;R. C rn 0 ~ 0 0 0 0 Q) Q) 0 0 0 0 N ~ t3 .... ci ci ci ci ci "!: I Q) a. Q) 0 0 0 0 0 .... ::J 0 0 0 0 0 N ro 10 """ .... """ N 0). > 00 N ..,f M N 0; ...... Q) 0 I'- 0) 10 .... """ 0 ...... ...... N C"l C"l N ..>:: N ro E ~ Q) 0 0 0 0 0 (0 ::J 0 0 0 0 0 """ ~ I'- """ ...... """ "!. ~ I'- an """ M N ...... ...... Q) 0 I'- 0) 10 .... 0) """ 0 ...... ...... N C"l C"l N ..>:: N ... rn E ~ Q) 0 0 0 0 0 0 ::J 0 0 0 0 0 0 ~ 00 (0 0 """ C"l """ (0 ...: cO 10 0 00 oj Q) 0 (0 I'- C"l 0) (0 N 0 ...... ...... N N C"l N ..>:: N ro E ~ c:: rn :g <( m U 0 w ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ e e e e e e 0.. 0.. 0.. 0.. 0.. 0.. - r-- o o ~ a;