HomeMy WebLinkAboutLocal Government Aid 350
STATE OF MINNESOTA
DEPARTMENT OF REVENUE
P. 0. Box 64446
St. Paul, Minnesota 55164
August 8, 1984
TO: ALL CITY FINANCE OFFICERS
RE: 1985 LOCAL GOVERNMENT AID NOTICE
The 1985 local government aid that has been determined for your city is shown
on the enclosed notice. The first of the six monthly installments of this
aid will be paid on July 15, 1985. The enclosed notice also lists a number
of factors that pertain to your city which were used in determining your city's
local government aid. The following is an explanation of these factors:
1. 1984 LOCAL REVENUE BASE: This is the amount of your city's final 1984
local revenue base used in the calculation of your city's 1984 local govern-
ment aid.
2. IPD INFLATION ADJUSTED LOCAL REVENUE BASE: This is your city's 1984 local
revenue base increased by the percentage increase in the implicit price
deflator for state and local government for the twelve month period ending
June 30, 1984. The percentage increase in the implicit price deflator
for this period was 6.4 percent.
3. LAST YEAR'S POPULATION ESTIMATE: If your city is located in the seven
county metropolitan area, this is the 1983 population estimate determined
by the Metropolitan Council. If your city is located outside of the metro-
politan area, this is the 1982 population estimate determined by the State
Demographer's Office.
4. CURRENT POPULATION ESTIMATE: If your city is located in the seven county
metropolitan area, this is the 1984 population estimate determined by
the Metropolitan Council. If your city is located outside of the metro-
politan area, this is the 1983 population estimate determined by the State
Demographer's Office. The 1984 State Demographer estimates will not be
developed until 1985.
5. RATIO OF CHANGE FROM LAST YEAR'S TO CURRENT POPULATION ESTIMATE: This
is the difference between the 1984 population estimate and the 1983 popula-
tion estimate, divided by the 1983 population estimate.
(Over)
To: All City Finance Officers
Re: 1985 Local Government Aid Notice
Page 2
August 8, 1984
6. LAST YEAR'S HOUSEHOLD ESTIMATE: If your city is located in the seven
county metropolitan area, this is the 1983 household estimate determined
by the Metropolitan Council. If your city is located outside of the seven
county metropolitan area, this is the 1982 household estimate determined
by the State Demographer's Office.
7. CURRENT HOUSEHOLD ESTIMATE: If your city is located in the seven county
metropolitan area, this is the 1984 household estimate determined by the
Metropolitan Council. If your city is located outside of the seven county
metropolitan area, this is the 1983 household estimate determined by the
State Demographer's Office. The 1984 State Demographer estimates will
not be developed until 1985.
8. RATIO OF CHANGE FROM LAST YEAR'S TO CURRENT HOUSEHOLD ESTIMATE: This
is the difference between the 1984 household estimate and the 1983 household
estimate, divided by the 1983 household estimate.
9. GRO11TH FACTOR: This is the greater of the ratio of change in population
or the ratio of change in households. If both the population and household
estimates decreased from last year to the current year, the growth factor
adjustment is zero.
10. FINAL 1985 LOCAL REVENUE BASE: This is your city's IPD inflation adjusted
local revenue base increased by your city's growth factor, if greater
than zero.
11. 1983 ADJUSTED ASSESSED VALUE: This is your city's taxable value for assess-
ment year 1983 after adjustment for the assessor's level of assessment.
The assessor's level of assessment is determined by the Property Equalization
Division of the Department of Revenue.
12. 10 MILLS TIMES ADJUSTED ASSESSED VALUE: This is your city's 1983 adjusted
assessed value multiplied by .010.
13. PRELIMINARY 1985 LOCAL GOVERNMENT AID: This is your city's final 1985
local revenue base minus the product of 10 mills times your city's 1983
adjusted assessed value.
14. MAXIMUM AID: This is the maximum amount of aid that your city can receive
in 1985. It is equal to 106 percent of your city's 1984 local government
aid.
15. MINIMUM AID: This is the minimum amount of aid your city can receive
in 1985. It is equal to your city's 1984 local government aid.
16. 1985 LOCAL GOVERNMENT AID: This is the actual amount of aid that your
city will receive in 1985 under the local government aid formula. It
cannot be less than your city's minimum aid nor greater than your city's
maximum aid.
n
To: All City Finance Officers
Re: 1985 Local Government Aid Notice
Page 3
August 8, 1984
Minnesota Statutes 1982, Section 477A.014 provides that a governmental unit
may object to the amount of aid that the Department of Revenue has determined
for it. No objection may be raised later than 60 days after receipt of this
notice. Such objection should be addressed to Wallace 0. Dahl, Director,
Local Government Aids and Analysis Division, Department of Revenue, P. 0.
Box 64446, St. Paul, Minnesota 55164.
If you have any questions concerning this letter, please call me at (612)
296 -2286.
Very truly yours,
Wallace 0. Dahl, Director
Local Government Aids and Analysis Division
WOD:jdw
Enclosure
MINNESOTA DEPARTMENT OF REVENUE
LOCAL GOVERNMENT AIDS AND ANALYSIS DIVISION
P.O. BOX 64446
SAINT PAUL, MINNESOTA 55164
PHONE: (612) 296 -2286
1985 LOCAL GOVERNMENT AID NOTICE AUGUST 8, 1984
CLERK - TREASURER
CITY HALL
OAK PARK HEIGHTS CITY OF
14168 57TH ST NO
STILLWATER MN 55082
THE 1985 LOCAL GOVERNMENT AID FOR YOUR CITY IS $ *3Ii
THE FOLLOWING IS A LISTING OF THE FACTORS USED IN THE CALCULATION OF YOUR CITY'S
1985 LOCAL GOVERNMENT AID. SEE THE ENCLOSED LETTER FOR AN EXPLANATION OF THESE
FACTORS AND FOR ADDITIONAL INFORMATION CONCERNING THE DETERMINATION OF YOUR
CITY'S LOCAL GOVERNMENT AID.
1. 1984 LOCAL REVENUE BASE: $ 780,418
2. IPD INFLATION ADJUSTED LOCAL REVENUE BASE: (1 X 1.064) $ 830,365
3. LAST YEAR'S POPULATION ESTIMATE: 4,140
4. CURRENT POPULATION ESTIMATE: 3,190
5. RATIO OF CHANGE FROM LAST YEAR'S TO CURRENT
POPULATION ESTIMATE= .016
6. LAST YEAR'S HOUSEHOLD ESTIMATE: 1,077
7. CURRENT HOUSEHOLD ESTIMATE: 1,080
8. RATIO OF CHANGE FROM LAST YEAR'S TO CURRENT
HOUSEHOLD ESTIMATE: .003
9. OR014TH FACTOR: (GREATER OF 5 OR 8) .016
10. FINAL 1985 LOCAL REVENUE BASE: (2 + 2 X 9) $ 843,651
11. 1983 ADJUSTED ASSESSED VALUE: $ 51,849,349
12. 10 MILLS TIMES ADJUSTED ASSESSED VALUE: (11 X .010) $ 518,493
13. PRELIMINARY 1985 LOCAL GOVERNMENT AID: (10 - 12) $ 325,158
14. MAXIMUM AID: (1984 LGA X 1.06) $ 99,718
15. MINIMUM AID= (1984 LGA UNDER HOLD- HARMLESS PROVISION) 8 94,074
16. 1985 LOCAL GOVERNMENT AID:
(LESSER OF 13 OR 14, BUT NOT LESS THAN 15) $ 99,718
RECEIVED
AUG 16 19W