HomeMy WebLinkAboutBudget Overview CITX --QF UAK Pig" HEIGHTS, MINNESOTA
Exhibit A
BUDGET OVERVIEW - GENERAL FUND
1987
1985 1986 1987 1987
(Audited) (Budget) (Requested) (Recommended)
FINANCIAL COMMITMENTS:
1. Expenditures:
General Management $ 21,094 $ 17,300 $ 13 /3 3S0
Mayor and Council 64,172 44,950 73,800 7S, 3AD
Elections -0- 1,200 -0- -.
City Clerk 67,889 76,850 83,550 83 SSD
Planning and Zoning 1,030 2,000 1,500 /,s00
Municipal Building 12,657 14,625 16,400 /5,5/00
Assessor 7,242 5,710 6,920 6,7070
Engineering 555 3,000 3,000 3"900
Police 249,776 265,950 336,970 334 970
Fire 8,374 18,500 12,500
Animal Control 762 3,475 6,000 6,000
Street Maintenance 8,388 11,200 10, 700 70o
Snow /Ice Removal 32,295 25,000 20,000 aS, oetv
Street Lighting 29,457 32,400 36,000 310, ooO
Arborist 437 650 475 'Y
Sanitation /Waste 66,859 96,000 112,000 /ia, o0v
Tree and Weed 8,310 8,000 3,000 3, 000
Recreation 86,171 95, 600 127,100 //4 /op
Contingency - General (5 %) -0- 35,000 35,000 !s cvo
Subtotal 665,468 757,410 898,265 g
2. Transfers Out:
Capital Improvements 22,500 104,500 100,000 /oo o
EDP System 50,000
Fund Escrow Account 286
Lawcon - Brecke Park 90,000
Subtotal 162,786 104,500 100,000 /sooio
Total Commitments $ 828,254 $861,910 $ 998,265
FINANCIAL RESOURCES:
Tax Levy (Gross) $ 605,388 $641,000 $ 770,000 7*0� 000
Licenses and Permits 15,569 15,225 17,080 /7,090
Fines and Forfeits 27,630 18,000 25,000 aS 'V 67.
Local Government Aid 99,652 99,650 99,650 ry' *5
Federal Revenue Sharing 66,500 7,500 -0- --o-
Other Aids 13,020 12,000 17,000 /7,000
Charges for Services:
Utility Fund 30,000 30,000 31,500 31,SOO
General Government 3,068 2,000 2,500 "0
Interest Earnings 39,832 35,000 35,000 3S,0do
Other Revenue 4,848 2,000 700 700
Total Resources $ 905,507 $862,375 $ 998,430 jjj y 3 D
EXCESS OF RESOURCES
OVER COMMITMENTS $ 77,253 $ 465 $ 165 (�bS
C I'°+, OF OAK PARK HEIGHTS, MINNESOTA A*O\
Exhibit B
BUDGET OVERVIEW - FEDERAL REVENUE SHARING
1987
1985 1986 1987 1987
(Actual) (Budget) (Requested) (Recommended)
FINANCIAL COMMITMENTS:
1. Expenditures:
Professional and consultant
Contractual services $ 3,244 $ 4,500 S 4,500 ySoo
Materials and supplies
Capital outlay:
Police vehicle 10,697
Truck - street maintenance 8,000 dOso
Playground /park equipment 20,000
Other
Subtotal 13,941 24,500 12,500 TJ$�o0
2. Transfer Out:
General Fund - sanitation
and waste 66,500
Fire contract 7,500
Total transfer out 66,500 7,500 -0- --O-
Total Commitments S 80,441 S 32,000 S 12,500 41, Swo
FINANCIAL RESOURCES:
interest earnings $ 4,165 Soo
Unappropriated balance. 65,825 S 23,768 $ 18,-6A0 18000
Revenue sharing entitlements 38,207 38,000
Total Resources $108,197 S 61,768 S 18,{)00 /B�Soo
EXCESS OF RESOURCES OVER (UNDER)
COMMITMENTS S 27,756 S 29,768 S 5,500 4 /o-e
OAK PARK HEIGHTS
SUMMARY OF CAPITAL IMPROVEMENTS FUND
Exhibit C
Municipal Street
Building Sealcoat Recreation Reconstruction Unallocated Total
REVENUE SOURCES:
• Transfer from General
1978 thru 1980 S 70,000 S 40,000 S 7,500 $ 117,500
1981 20,000 2,500 22,500
1982 20,600 6,075 26,075
1983 20,000 2,500 22,500
1984 20,000 2,500 22,500
1985 20,000 2,500 22,500
Total transfers 70,000 140,000 23,575 $ -0- $ -0- 233,575
• Sale of property 9,414 9,414
• Donation 750 750
• Interest 27,371 2,621 6,435 36,427
Total revenue 106,785 140,000 26,946 -0- 6,435 280,166
EXPENDITURES:
° Inception -
December 31, 1985 (106,785) (95,684) (21,946) (224,415)
BALANCE 12/31/85 -0- 44,316 5,000 -0- 6,435 55,751
1986 PROJECTED:
• Transfers in 20,000 30,000 50,000 4,500 104,500
• Expenditures (800) (800)
• Interest earnings 4,000 4,000
PROJECTED BALANCE 12/31/86 -0- 64,316 35,000 50,000 14,135 163,451
1987 BUDGET:
• Transfers in 20,000 30,000 50,000 100,000
Total available $ -0- S 84,316 S 65,000 S 100,000 S 14,135 S 263,451
"'TY OF OAK PARK HEIGHTS, MINNESOTA
Exhibit D
PROPERTY TAX LEVIES
1983/1984 (i) 1984/1985 (1) 1985/1986 (1) 1986/1987 (1)
Scheduled Actual Scheduled Actual Scheduled Actual Scheduled Proposed
DEBT SERVICE LEVIES:
1967 Bonds $ 33,400 S -0- f 32,700 S -0- $ -0- S -0- S -0- $ -0-
1968 Bonds 32,400 -0- 31,600 -0- -0- -0- -0- -0-
1971 Bonds 12,000 12,000 11,000 11,000 11,000 22,000 11,000 5,500
1976 Bonds 12,000 -0- 12 12,000 -0- -0- -0- -0-
1978 and 1979 Bonds -0- 57,000 -0- -0- -0- -0- -0- -0-
1982 Bonds (2) 6,000 6,000 6,000 52,000 6,000 12,000 7,000 12,000
1983 Bonds -0- -0- -0- -0- -0- -0- -0- 5,000
Total Debt Levies $ 95,800 75,000 93,300 75,000 S 17,000 34,000 $ 18,000 22,500
GENERAL FUND LEVY 595,123 600,000 641,000 73,r,00
TOTAL CITY LEVY $670,123 $675,000 $675,000 7�o7 sP0
(1) Excluding special tax levies on special Storm Sewer District related to the
Storm Sewer Bonds of 1982. This special tax levy will be certified on pro-
perty located In the special Storm Sewer District only and should be con-
sidered a charge in lieu of special assessments rather than a tax levy per
se. Tax levies for this district is as follows:
Year Amount
1983/1984 $26,516
1984/1985 26,069
1985/1986 25,623
1986/1987 25,177
(2) See 1983 "Management Report" (pages 28 -29) indicating the need for
additional financing for the bond issue.
C/0-� OF OAK PARK HEIGHTS, MINNESOTA
Exhibit E
ASSESSED VALUATION, TAX LEVIES, MILL RATES
1982 through 1987 (Proposed)
Estimated/
Actual Proposed t
1982 1983 1984 1985 1986 9/01/85 (1)
ASSESSED VALUATION:
City Total $45,309,275 $44, 251,362 $46,598,568 $49,903,582 $49,887,034
Fiscal Disparity
Contribution (2,042,454) (2,030,071) (1,120,997) (2,114,690) (3,156,410)
Net Assessed
Valuation $43,266,821 $42,221,291 $45,477,571 47,788,892 $46,730,624 $47,000,000
Fiscal Disparity
Distribution 5 438,718 5 569,642 $ 875,666 5 1,105,582 $ 1,188,305 5 1,300,000
TAX LEVIES:
City Total 5 521,081 5 605,259 5 670,123 S 675,000 $ 675,000 71o7r�
Fiscal Disparities
Distribution Tax (4,756) (6,582) (12,415) (9,827) (10,200) (11,000)
Balance Levied Against
Property Located in,
Oak Park Heights $ 516,325 $ 598,677 $ 657,708 5 665,173 $ 664,800 7$$�orsW
MILL RATES:
On Property Located in
Oak Park Heights 11.938 14,241 14,485 13.919 14.227 /!o
Fiscal Disparity 10.840 11.938 14.241 14.485 13.919 14.227
(1) Assumes 0% increase in net assessed valuation of city property for 1986 and
a 10% increase In Fiscal Disparity Distribution in 1986.
u
Frmkliw U.S. Govt SocarlUes fmd
Net Asset Vsiue
7.6
i
7.4
72
7
6.8
6.6
6.4
Mar Jun Sep Doc tier Jun Sep Dec Misr Jun Sep Dec Mier Jw Sep
83 a3 84 84 84 85 85 85 85 86 86 86