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HomeMy WebLinkAbout07-24-2018 Handouts -7/z4/ � BUDGET NOTES 7/24/18 • INTRODUCTION OF BUDGET 1. (DECREASE) INCREASE IN EXPENDITURE a. 4.6% increase in operations $ 184,821 b. 1.82%change in debt $ 11,000 c. 3.7%decrease transfers for capital improvement $ -43,920 d. 2.62% total increase $ 151,901 2. (DECREASE) INCREASE IN REVENUES a. 1.66%decrease in Non-tax revenues $ -7,961 • LEVY 1. PRE-PLANNED FOR LEVY LIMITS BY BUILDING THE BASE LEVY a. Added debt levy to operations. b. Scheduled Levies $614,000 compared to 2017$603,000. Added $0.00 for shortfall in the 2014 Bond Issue 2. TAX LEVY INCREASE a. 3.0% $159,862 • OVERALL ASSUMPTIONS 1. Health Insurance (20.4%increase in rates 17.7% Rates, 2.7%age) 2. 4-6%general insurance increase over actual 2018- 6%workmans comp 3. 3.0-4.0%salaries 4. Utilities budget historical. 2% (Per PSC Rate increase letter) 5. No new programs. Discussion of Street Maintenance Funding WHAT WE DO NOT HAVE FINAL AMOUNTS FOR • VALUES FROM COUNTY All estimates are based on the 8% increase in value for residential based on the assessors report. 5%overall City value increase City budget tax increase for median home$225,500 is$79.19. Value $45.07, Budget $34.12 City of Oak Park Heights 14168 Oak Park Blvd.N•PO Box 2007.Oak Park Heights,MN 55082•Phone(651)439-4439•Fax(651)439-0574 July 20, 2018 MEMO To: Mayor and Council, City Administrator From: Betty C, Finance Director Re: Metropolitan Council Wastewater Credit of Past Sewer Billings The MCES has determined that Oak Park Heights should receive a flow credit and adjust the cost allocation for the years 2013-2018. This proposed credit is $463,620.25. The staff of MCES is requesting the city take the credit against the 2018/2019 billing. This would be approximately 1 years' worth of charges. There are some items we should discuss prior to accepting their offer: • Should we take the credit in cash now or have it applied against the future billing? • What are the possible actions once we receive the credit; 1) Pass the Credit On in the form of a credit to customers? 2) Should we apply the credit to Sewer Infrastructure Funds? (Renewal and Replacement-Sewer) 3) Should we do a combination of the 1St two items? • How are we assured that the future reads are accurate? The argument of the flow reads began with comparing the monthly MCES reads to the amount of water pumped from the wells which resulted in unexplainable differences and no measurable correlations. The minimum the City should request is monthly reads from MCES for the flows; total, OPH, Bayport. This should be supplied with daily reads supporting the monthly data. Maybe an annual maintenance report on the meters including calibrations and system from MCES? The present Sewer Rates will produce a surplus for the 2019 Budget and will be reviewed with the 2019 Rate Study. For possible discussion, I have attached a FACT worksheet. MCES is requesting to start the refund on the August Invoice. The Council should decide in the near future on our approach so that staff and MCES can be informed on how to proceed. LNi1 LLQ W �W o v CI n 00 r m N v v vmi ui Ln M Lao m m m O LD N N N N N N N N J m 00 1-1 o O Lo Ln N LD Ln W LD N O � l7 m m N of O C oo Q W V m - V O "3 LD m w 0C) F LUJ 00 V N Ll1 [Y7 c-1 U1 L O V Q Ln V N00 r+ N a N w y G2 m m m M V a a £ a z v \ o a � � N N 0) a co rn q1 Q1 o o m m Vr 00 LD LD M M N T0 O m Ln MLu LD O Dm w V LD NM N Ln ujj n LD Ln lD w r\ n14 N m T. H -4 N N '-I -1 N N V 00 m wN �_ d 3 \ •--1 N v a O OLn LL t7 M a J H N N N LA W (7 m Ln LD n w o Ln Q c z m N N Ln M O 8 N Ln �) O M I� CPO W = U (n n N Ln Dl cn o0 LOM mN O m O O U H m O '-1 N N M N N N O m LD O J Ln co m m Ol O m l7 u z m v a a v LNn u o c 00 m Q N N N N N N N 0 o 0 0 0 z LD O O o 00 Ln LD r� O Ln Ln O LN,� o o 0 000 0 oo0 vai 0n° LOn o o umi rn "'� a r, .-1 Ln Di ^I o "I 3 0 m 00 O m c-I D1 O D to N N O N O N N 00 N N V t f\ 00 LD V r'I N o r-I p m m n o m as 3 m Ln D1 fY1 O V C) lD LL h r, 000 Cl O N N O� M N N z w N r-1 N N N N N O U a 2 N N N N N N Ani N W C Zo Ln O a N O '1 n Ln N Ln m LD } W o W C 0 O N N N N N N N a Stl F LL 0 0 0 0 0 0 0 N J W OZ Ir _U V O W J Q IDz LU V LD O O Oo0 00 O � \ w \ Z -4 0 0 0 Ln Ln 14 W l7 v o Di m o Lc Lo V) n n Q W ¢ LND kD LLOD LLOD o^ n CC 01 D1 m o, 0 '1 n z n � � J C N r4 1-I N N N rl V a Q Q Q Q Or W 06 w W l7 0 3 d Z z °w` z z 'I w z w 0 w o 66 g o oo � ~ o00 og wzZ z U O U z G w cc UU O N cr w ~ LNi w m LL" m N N N N N N LU O 0 M w ko cq 3 N v O M D In 00 � Z z () ' eM-I -4-I 4 -A '^-I Ol N D1 .-I M Ol rl m w Q 0 0 0 0 0 0 0 O m ri a '-I oo r, C-i Ln J 0 Q N N N N N N ULn J M O cn O Ol a O1 Q Q Q V .LLJ N O V LD N r\ a W m m U a om0 000 0) 0`00 .00 00) 0o0 o w w 00 LLJ J z 0 O O W H W Z o CC Q z W 3: CLO Ln u u O Ln w owC �I m v Ln w r� ma) W 0 ' N N N ' N CO @ e4 -4 W O N z z Q C o 0 0 0 0 0 o H (D - ~ 3 O g z z Lo z O Lu LL c Q0= Ln 0 LL w m L=L C W Ln U Q d N N M O