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B 2004 Preliminary BudgetCITYOF CHANHASSEN 7TO0 Market Boulevard PO Box 147 Ohanhassen, MN 55317 Administration Fax 9522271110 Building Inspections Phone: 952 22~ 1180 Fax: 952.2271190 Engineering Phone: 952.22/1160 Fax: 9522271170 Finance Phone: 9522271140 Fax: 9522271110 Park & Recreation Phone: 952227.1120 Fax: 9522271110 Recreation Center 2310 Coulter Boulevard Phone: 952.2271400 Fax: 952 2271404 Planning & Natural Resources Phone: 952.2271130 Fax: 9522271110 Public Works 1591 Park Road Phone: 952.2271300 Fax: 952.2271310 Senior Center Phone: 952227.1125 Fax: 952.227 1110 Web Site wwwci chanhassen mn us MEMORANDUM TO: FROM: DATE: SUB J: Mayor City Council Bruce M. DeJong, Finance Director August 20, 2003 2004 Preliminary Budget and Tax Levy The City of Chanhassen faces several challenges in the next few years. The State of Minnesota budget problem has been resolved, in part, by cutting state aids to cities. Then strict levy limits were imposed to make sure that cities didn't raise property taxes enough to wipe out that tax savings. This leads us to a situation where Chanhassen's revenues will be lower in 2004 than they were in 2003. Combined with demand for services which continue to increase along with our rising population, staffing levels have remained essentially flat during the last several years. This causes tension in preparing budgets, but the department directors have responded really well to the situation. Their initial budget requests this year reflect their hard work at reducing any unnecessary expenses. General Fund Expenditures Our general fund expenditure budget is up less than 1% over 2003. This includes personal services increases of 2.3% for salaries and 20% for insurance. We are examining options to reduce the health costs including plan design changes. The remaining increases are spread among several departments. The Administration Department shows a large increase in salaries due to returning Todd Gerhardt's full salary back into the General Fund. He was being charged 35% to the Cable TV fund when he was Assistant Manager. We have not put any of Justin Miller's salary back into the Cable TV fund. The total increase in Administration is $40,581. The issue before us is how to recognize payment for the services that the General Fund provides to other operating funds. We have to examine how to charge the Cable TV, Environmental, Water, Sewer, and Storm Water funds for the time, effort and supplies that are provided by the general management staff. Those transfers could be substantial and could The City ot Chanhassen · A growing community with clean lakes, quality schools, a charming downtown, thriving businesses, winding trails, and beautiful parks A great place to live, work and play CITYOF CHANHASSEN 7700 Market Boulevard PO Box 147 Chanhassen, MN 55317 Administration Phone: 952.2271100 Fax: 952 2271110 Building Inspections Phone: 9522271180 Fax: 9522271190 Engineering Phone: 9522271160 Fax: 9522271170 Finance Phone: 9522271140 Fax: 952,227 1110 Park a Recreation Phone: 952.2271120 Fax: 952 227 1110 Recreation Center 2310 Coulter Boulevard Phone 952227.1400 Fax: 9522271404 Planning & Natural Resources Phone: 952.2271130 Fax: 952 2271110 Public Works 1591 Park Road Phooe: 9522271300 Fax: 952 2271310 Senior Center Phone: 952 227 1125 Fax: 952 227 1110 Web Site wwwci chanhassen mn.us go a long way to mitigating the current imbalance between our revenues and expenditures. Staff is working to determine a reasonable estimate of those allocations for future budget presentations. Changes in the Finance Department move money from salary expense, which was for a new employee that was deleted during the first budget reductions this year, to consulting. There are certain tasks that we need additional help with, including GASB 34 and year-end closing of the books, so we have used our auditors for these tasks. They will also be assisting throughout the remainder of this year in preparation for GASB 34 implementation with the next audit. The MIS budget is down due to reducing the amount of consultant services. The remainder of the MIS budget is for hardware and software that is accounted for in the Capital Replacement Fund. City Hall is up substantially primarily due to the anticipated increase in general liability insurance. This increase was not fully funded from the City Hall budget last year and the premium is expected to increase another 20 % this year. The Library Building maintenance is expected to be $27,000 higher for a full year of maintenance. The total of $61,500 should cover all maintenance and utilities for the building. Elections are held on alternate years. This leads to an increase every other year for election judge salaries, equipment maintenance and training. The total amount is expected to be just under $32,000. The Fire Department is experiencing a high level of calls, which leads to an increase in volunteer salary dollars. To offset those costs, the department leadership has aggressively reduced the amount they plan to spend on supplies and consumables. Animal Control has increased in the salary line item. The new plan is to use two CSO's at half-time rather than the one benefit earning employee we had. This provides more hours of coverage, but doesn't spend as much money on benefits. Engineering has again requested $520,000 for residential street improvements. Our belief last year was that we should only do street projects where we could get at least 20% assessments in order to make the costs eligible for bonding. If we do that, then there is no mason to collect the city share up front. Street maintenance included a request for an additional employee - starting in the middle of the year. In order to keep up with the maintenance and plowing schedule, an additional employee needs to be added to cover the mileage that we The Oily ol Chanhassen · A growing community with clean lakes, quality schools, a charming downtown, thriving businesses, winding trails and beautiful parks A greal place to live, work and play CITYOF CHANHASSEN 7700 Market Boulevard PO Box 147 Ohanhassen MN 55317 Adminislralion Phone: 9522271100 Fax: 952227.1110 Building Inspections Phone: 9522271180 Fax: 952227.1190 Engineering Phone: 9522271160 Fax: 952.2271170 Finance Phone: 952227 1140 Fax: 9522271110 Park & Recreation Phone: 952227 1120 Fax: 952227 1110 Recreation Center 2310 Coulter Boulevard Phone; 9522271400 Fax: 952.227 1404 Planning & Natural Resources Phone: 952.2271130 Fax: 9522271110 Public Works 1591 Park Road Phone: 952.227 1300 Fax: 952 2271310 Senior Center Phone: 952227.1125 Fax: 952 2271110 Web Site wwwci chanhassen rnn us have added. Street lighting can save some money over the previous budget, but not the full amount that we had hoped for during last year's budget process. Revenues Property tax revenues will be reduced by approximately $127,684 due to the state aid cuts. The way that is shown on the information from the Department of Revenue is extremely confusing. The Payable 2004 Levy Limit Notice shows that our levy limit is $6,657,060, but we won't be getting $298,734 in Market Value Credit, so we have to levy the full amount of our limit to actually receive a net property tax of $6,358,326. That is below last year's gross levy of $6,486,010 by the $127,684, which is the 40% of our aid reduction that we can't levy. I have also predicted an increase in property tax delinquencies as the economy continues to lag. $90,000 is the amount that our prior year delinquency rate would indicate. This has to be added to the $298,734 in Market Value Homestead Credit that we know we won't receive for a total uncollectible tax amount of $388,734. Other fee changes show up in the budget for liquor licenses. They are up about $25,000 because the Legion now has a full license rather than a club license, and the addition of Buffalo Wild Wings, Chipotle, and Rae Azteca. Gas piping permits were eliminated when the Inspection department redesigned their permit process. Now those permits are included in either the Heating & A/C or the Plumbing permit lines. After reviewing the collection amounts, we decided to just eliminate the $30,000 line item because our estimates seemed a little high for this year. Fire sprinkler permits were also reduced $11,000 because estimates were overly optimistic. Construction Administration is up $30,000 to more accurately reflect our current experience. These are the fees that we charge as part of monitoring development contracts. The last big change is for interest earnings. We made just over 3% on our investments last year, but the interest rate decline that occurred this year will reduce our earnings this year and into next. I have dropped revenues by $40,000 in this account to reflect this change in the yield curve. We will have to examine just how much gambling proceeds will be received from the Legion and will add those in when we get a better handle on an estimate. The City of Chanhassen ,, A growing community with clean lakes, quality schools a charming downtown, thriving businesses, winding trails and beautifLd parks A great place to live. work, arrd play CITYOF CHANHASSEN 7700 Market Boulevard PO Box 147 Chanl~assen MN 55317 Administration Phone: 9522271100 Fax: 952 227 1110 Building Inspections Phone: 9522271180 Fax: 952227.1190 Engineering Phone: 952227 1160 Fax: 9522271170 Finance Phone: 952 2271140 Fax: 9522271110 Park & Recreation Phone: 9522271120 Fax: 9522271110 Recreation Center 2310 Coulter Boulevard Phone: 952 227 ~ 400 Fax: 9522271404 Planning & Natural Resources Phone: 9522271130 Fax: 9522271110 Public Works 1591 Park Road Phone: 952.227 1300 Fax: 9522271310 Senior Center Phone: 952227 1125 Fax: 952 227 1110 Web Site wwwci chanhassen mn us Debt Service Levies The debt service levies were adjusted quite a while back in an attempt to work out of the situation where we did not fully levy for our debt service accounts. This put us in deficit for several funds. The "work-out" schedule included a large jump in 2004 because we believed the downtown TIF district would be back on the general tax rolls at that time. However, we are now intending to extend the life of that district at least one year in accord with new legislation regarding TIF deficits. This puts us in a dilemma - what do we do about that debt levy? I have updated the debt levy schedule to reflect the addition of the new equipment certificates just levied, but have made no other changes. We will need to discuss options with Mark Ruff again to clarify what exactly we can do to postpone that huge jump in debt service - especially given the dramatic fall- off in the next several years from our current levies. I look forward to delving into these options with the City Council on Monday! The City of Chanhassen o A growing community with clean lakes quality scboCs a charming downtown thriving businesses, winding trails and beautiful parks A great place to live work. and play CITY OF CHANHASSEN 2003 BUDGET REVENUE 101 General Fund IACCOUNT DESCRIPTION GENERAL PROPERTY TAX 3010 3002 3011 3041 3090 3500 Current Property Tax Allowance for Delinquent Taxes Delinquent Property Tax Homestead & Ag Credit Other Property Taxes Local Government Aid TOTAL GENERAL PROPERTY TAX LICENSES 3203 Dog Kennel 3205 Dog or Cat 3213 Solicitor 3223 3.2 Off and On Sale 3226 Liquor On and Off Sale 3227 Club and Sunday 3230 Rental Housing Licenses 3284 Rubbish * TOTAL LICENSES PERMITS 3301 Building 3302 Plan Check 3305 Heating & A/C 3306 Plumbing 3307 Trenching 3308 Gun 3309 Sprinkler 3310 Gas Piping 3311 Sign 3316 Septic Tank 3320 Stable 3328 Wetland Alteration 3329 Demolition 3390 Misc. Permits * TOTAL PERMITS 2002 ACTUAL 5,011,983 44,955 235,163 354,584 20,472 5,667,157 463 2,061 745 868 50,161 7,762 1,090 63,150 665,766 355,104 110,255 95,010 18,197 960 4,348 30 3,615 400 260 1,100 965 1,256,010 2003 BUDGET 6,465,535 (60,000) 50,000 20,400 6,475,935 6O0 2,300 550 80O 55,OO0 1,700 40,000 50O 101,450 616,000 365,O0O 110,000 88,000 10,000 1,000 16,000 30,000 3,000 2,000 300 600 100 1,500 1,243,500 2004 BUDGET 6,657,060 (388,734) 50,000 6,318,326 450 2,000 550 85O 81,000 20,OOO 50O 105,350 616,000 365,000 110,000 88,000 10,000 1,000 5,000 3,000 2,000 300 600 100 1,500 1,202,500 FINES & PENALTIES 3401 Traffic & Ordinance Violation 3404 Dog/Cat Impound * TOTAL FINES & PENALTIES 28,106 4,714 32,820 35,000 4,000 39,000 35,000 4,000 39,000 CITY OF CHANHASSEN 2003 BUDGET REVENUE 7/23/02 Estimate 101 General Fund IACCOUNT DESCRIPTION INTERGOVERNMENTAL REVENUE 3502 M.S.A. Maint. & Constr. 3509 Other Shared Taxes 3510 Grants-State * TOTAL INTERGOVERNMENTAL REV 2002 ACTUAL 33,555 115,580 40,100 189,235 20O3 BUDGET 33,600 108,000 40,000 181,600 2004 BUDGET 33,600 108,000 40,000 181,600 CHARGES FOR CURRENT SERVICES 3601 3602 3603 3604 3605 3613 3614 3619 3629 3631 3633 3634 3635 3636 3637 3638 3639 3649 Sale of Documents Use & Variance Permits Rezoning Fees Assessment Searches Plat Recording Fees Misc.-General Government Admin. Charge-2% Constr. Investment Management Fee Misc.-Public Safety Recreation Center Park Equipment Rental Park Facility Usage Fee Watercraft Rental Self-Supporting Programs Senior Programs Food Concessions Misc.-Park & Rec. Misc.-Public Works TOTAL CURRENT SERVICES 1,928 16,432 5O 540 9,345 3,884 78,903 65,000 6,916 177,098 138 9,336 3,661 178,126 11,780 9,837 714 5,838 579,526 4,000 23,000 1,000 7OO 6,000 59,000 40,000 65,000 5,000 207,500 150 15,500 4,000 147,000 30,000 16,000 800 2,000 626,650 4,000 23,000 1,000 70O 6,000 59,000 40,000 65,000 5,000 207,500 150 15,500 4,000 147,000 30,000 16,000 800 2,000 626,650 OTHER REVENUE 3801 3802 3803 3807 3808 3812 3816 3818 3820 3829 3903 Interest Earnings 130,893 170,000 130,000 Equipment Rental & Sale 71,591 30,000 30,000 Building Rental 16,108 Donations 35,710 15,000 15,000 Ins. Recoveries & Reimburse 2,314 5,000 5,000 Contractor Verification 2,500 SAC Retainer 5,280 5,000 5,000 Sur-Tax Retainer 838 1,500 1,500 Misc. Other Revenue 207 5,000 5,000 Interest/Penalties-Other 500 500 Refunds/Reimbursements 26,772 6,000 6,000 TOTAL OTHER REVENUE 289,713 240,500 198,000 ** TOTAL GENERAL FUND REVENUE 8,077,611 8,908,635 8,671,426 Transfers In Total 8,077,611 8,908,635 8,671,426 CITY OF CHANHASSEN 2OO4 BUDGET Expenditures Personal Materials & Contractual Services Supplies Services Capital Outlay Total 2OO3 Total % Change GENERAL GOVERNMENT 1110 Legislative 1120 Administration 1130 Finance 1140 Legal 1150 Assessing 1160 MIS 1170 City Hall 1180 Elections 1190 Library Building TOTAL 34,200 200 104,800 375,381 500 52,700 500 186,000 1,000 92,350 2,500 110,000 70,100 144,016 24,500 96,450 61,111 41,400 328,200 500 24,250 7,500 61,500 824,958 67,600 923,600 3,500 139,200 429,081 281,850 110,000 70,100 264,966 431,211 31,750 61,500 1,819,658 139,370 388,500 282,150 110,000 70,100 279,560 398,100 0 34,000 1,701,780 -0.12% 10.45% -0.11% 0.00% 0.00% -5.22% 8.32% 80.88% 6.93% LAW ENFORCEMENT 1210 Law Enforcement 1220 Fire 1260 CSO TOTAL 66,368 1,015,000 492,754 37,579 103,895 43,066 4,550 11,050 602,188 42,129 1,129,945 1,081,368 634,228 58,666 1,774,262 1,077,800 647,000 60,700 1,785,500 0.33% -1.97% -3.35% -0.63% PUBLIC WORKS 1310 Engineering 441,431 1,800 553,010 250 1320 Street Maintenance 580,197 167,850 37,270 1,250 1350 Street Lighting 1,500 231,800 1370 Vehicle Maintenance 235,671 78,200 53,800 6,000 TOTAL 1,257,299 249,350 875,880 7,500 996,491 786,567 233,300 373,671 2,390,029 998,710 758,570 261,300 374,500 2,393,080 -0.22% 3.69% -10.72% -0.22% -0.13% COMMUNITY DEVELOPMENT 1410 Planning Commission 1420 Planning Administration 1430 Senior Commission 1250 Building Inspection * TOTAL 150 2,950 299,294 700 14,125 17,180 220 1,050 709,613 7,800 26,400 1,026,087 8,870 44,525 3,100 314,119 18,450 743,813 1,079,482 3,700 320,525 18,450 743,9OO 1,086,575 -16.22% -2.00% 0.00% -0.01% -0.65% PARKS & RECREATION 1510 Park & Rec. Commission 125 2,100 1520 Park Administration 98,213 1,000 12,000 1530 Recreation Center 194,363 13,350 35,800 1540 Lake Ann 10,975 9,340 42,825 1550 Park Maintenance 580,295 87,300 109,805 1560 Senior Center 30,586 3,664 10,775 1600 Recreation Programs 143,811 13,408 70,175 1700 Self-Supporting Programs 29,257 8,635 77,303 TOTAL 1,087,500I 136,822 I 360,783 Transfer to Debt Service TOTAL GENERAL FUND Total Revenue Deficit 3,000 I 3,0001 4,798,032 504,771 3,334,733 14,000 2,225 111,213 243,513 63,140 780,400 45,025 227,394 115,195 1,588,105 300,000 8,951,536 8,671,426 280,110 2,225 111,300 243,65O 65,440 8O9,4OO 45,025 239,105 123,155 1,639,300 300,000 8,906,235 8,906,635 (400) 0.00% -0.08% -0.06% -3.51% -3.58% 0.00% -4.90% -6.46% -3.12% 0.00% 0.51% -2.64% gL6'gZg'gg g66'BLt't OOg'ggg gOL'OLg O00'Ogg gG6'ggL O00'OgL'g gOL'ggg O0~'gg~ 000'0~ Og6'g6L'LL 9t~'969 ggg'g6B'6 006'06g Ogg'gLg'L Gg6'~60'9 O09'Z~g OOZ'8L9 O06'SLG O0g'D~§ OOL'SO9 O00'ZOg 009'~0§ O0~'~Og OOg'[09 008'86~ 0~8'L~9 ~6~'8~9 8Z6'6~0'~ 009'6~ 009'6~ 860'606'b 009'6~b 009'6~ O00'OOL 9Lg'O98'L O0~'6gL 00~'6~ O00'OOL 0~'908'~ 00~'6~ 00~'6~ O00'OOL ~O'9Z8'L 0~6'96 OOL'6~ 0~8'Z9 gGL'OZ9'g LgL'O~6'L 000'6~ 6G9'89 OOg'ZLg OOg'ZLG LgOg OOL'gLg OOZ'gLg OgOg O06'gLg O06'C~g 6~Og O08'~L§ OO8'~L§ 8~0~ OOL'gog OOL'§Og Z~O~ O00'zog O00'ZOg 9LO~ OOg'~Og OOg'~Og GLO~ O0~'~Og O0~'~Og ~tO~ O0~'LO§ O0~'Log ~0~ 008'86~ 008'86ff 0~'~9 O0~'g6~ O~'9~t ~LOg g6g'8~9 00~'96ff g6L'~L OLOg ~ZS'OZO'L O0~'L6ff 809'8~L 69t'90~ 600Z ~OZ'~ ~g6'Z~O'b 800~ 8~G'~L Z89'ZZ6 ZO0~ 8~O'~t 89g'8~6 900S go0~ tO0~ 86~'6ZZ'~ 8Lb'8gL OOL'06~ gbZ'OSZ'b 088'L~L 00L'68~ 06£'9Z9'~ ff~8'8~ 00Z'98¢ ~60'6ZZ'L Z~6'O~L OOb'gS~ OO9'~gL ~L~'L~L ~g~'L88 L~g'tg O00'O0~'L Lbg'£8 OOL'~b O00'Ogb ~O'OgL'L ~gG'Z~L O00'ffS~ O00'£~L ~60'O~L L6E'L~8 ~g9'SLL'g 68~'688 008'8g LZ8'69 O00'OOL 8gO'9g O00'oog 06g'06 O00'g~ 9L6'60g'~ gg~'~gL'L 009'8g gg8'~9 O00'ogL 9gL'§~ 000'0~ ffL8'L8~ 000"¢~ OOg'8Z~ OOg'g~b ~69'8LL Og6'OCG ~OOg ~SZ'gZ~ O00'G~L 8LO'ZLL L~Z'68~ ~008 sa!Ae9 peJJe~ao spuo8 JdLUI spuo9 spuo~] spuo8 spuo8 spuo8 spuo8 spuo8 spuo8 lqeQ pepuo8 siJeO spuo~] spa0 !oJd spuo~] Jo!lOallOO ii~JeU@~ JduJj 0~) JdLul 0~) JdLuJ O~D JdLUl 0~) JdUJI 09 JduJI 0~) JdLUl 0~) JduJI O~ leJ@U8~ d!nb3 0~) /~J~Jq!-I O~ d!nb~3 09 qncl O~D ~Jed 0~) jo JeeA le]oJ_ ~t J 00~ 666 ~ a966 L ~]966 L 0966 L 8966 L 8~,66 L ¥~66 L lelOl YgOOg V~O0~ 0 kO0~ 000~ ¥866 ~ LgO8-gO0g se!^e'l xel pelet.u!ls3 eloseuu!~l 'uessequeqo 1o Al!O MINNESOTA' REVENUE July 17, 2003 CHANHASSEN CITY OF CITY ADMINISTRATOR CITY HALL 7700 MARKET BLVD BOX 147 CHANHASSEN, MN 55317 0147 TO: ALL CITY CLERKS/ADMINISTRATORS RE: CERTIFICATION OF CY 2003 LGA AND MARKET VALUE CREDIT REDUCTIONS Following is the amount of local government aid (LGA) your city was scheduled to receive in CY 2003, the amount of the CY 2003 LGA reduction (per 1st Special Session Laws 2003, Chapter 21, Article 5, Section 12), and the net amount of LGA payable in CY 2003. 1. CY 2003 LGA: $ 20,475 2. CY 2003 LGA REDUCTION: $ 20,475 3. CY 2003 NET LGA (1-2): $ 0 Following is the amount of market value credit your city is scheduled to receive in CY 2003, the amount of the market value credit reduction (per 1 st Special Session Laws 2003, Chapter 21, Article 5, Section 12), and the net amount of market value credit payable in CY 2003 (half of which will be paid in October 2003 and half in December 2003). NOTE: the amount of market value credit includes real and personal residential and ag property only. It does not include manufactured home market value credit. 4. CY 2003 MARKET VALUE CREDIT: 5. CY 2003 MARKET VALUE CREDIT REDUCTION: 6. CY 2003 NET MARKET VALUE CREDIT (4-5): $ 298,734 $ 298,734 $ 0 Further information regarding 2003 LGA and market value credit reductions may be found at the Department of Revenue website: www.taxes.state.mn.us. If you have any further questions regarding 2003 aid and credit reductions, please contact Shawn Wink at (651) 296-3394. Property' Tax Division Mail Station 3345 St. Paul, MN 55146-3345 ret: 651-296-3394 Fax: 651-29%2166 Call 711 for Minnesota Relay An equal opportunity employer MINNESOTA' REVENUE Payable 2004 Overall Levy Limitation Notice August 15, 2003 CHANHASSEN CITY OF CITY ADMINISTRATOR CITY HALL 7700 MARKET BLVD BOX 147 CHANHASSEN, MN 553170147 The payable 2004 overall levy limitation for your city is: $ 6,657,060 The following is a listing of the factors used in determining your city's payable 2004 overall levy limitation. See the enclosed letter for an explanation of these factors and for additional information concerning your county's overall levy limit. 2. 3. 4. 5. 6. 7. 8. Adjusted Levy Limit Base for Payable 2003: Payable 2003 Unused Levy Authority: 2003 Transit Property Tax Replacement Aid: Levy 2003 2003 2003 2003 Limit Base for Payable 2004 (1-2-3): Certified Local Government Aid Before Reductions: Existing Low Income Housing Aid: New Construction Low Income Housing Aid: City Aid Total (5+6+7): 9. 2004 Certified Local Government Aid Including Transition Aid: 10.40 Percent of 2004 Aid Loss ((8-9)*.40): 11. 2004 Market Value Credit Reduction: 12.60 Percent of 2004 Market Value Credit Reduction (11'.60): 13. Adjusted Levy Limit Base for Payable 2004 ( 4-10+12): 14. New Net Tax Capacity-Based Referendum Levies: 15. 2004 Property Tax Aids a. 2004 Local Government Aid Including Transition Aid: b. 2004 Estimated Taconite Aids: c. 2004 Estimated Wind Energy Tax: d. Total (a + b + c ): 16. Adjustment for 2003 Local Tax Rate Excess Tax Increment Taxes: 17. Payable 2004 Overall Levy Limitation (13 + 14 - 15d - 16): $ 7,124,728 $ 638,718 $ $ 6,486,010 $ 20,475 $ $ $ 20,475 $ $ 8,190 $ 298,734 $ 179,240 $ 6,657,060 $ 6,657,060 Property Tax Division Mail Station 3340 St. Paul, MN 55146-3340 An equal opportunity employer lTD Tel: 651-296-3394 Fax: 651-297-2166 Call 711 for Minnesota Relay MINNESOTA. REVENUE August 15, 2003 To: Counties and Cities over 2,500 Population Re: (1) Payable 2004 Overall Levy Limitation Provisions (2) Payable 2004 PT Form 280 and Instructions (3) Overall Levy Limitations Calendar for Payable 2004 All counties and all cities over 2,500 population are subject to the overall levy limitation for the taxes payable year 2004 (M.S. 275.70 - 275.74). The following sections describe the overall levy limitation determination, the allowable special levies, and the calendar for the overall levy limitation law. Payable 2004 Overall Levy Limitation The Payable 2004 Overall Levy Limitation Notice for your county or levy limit city shows how your county's or city's levy limit was detennined, and the Payable 2004 Overall Levy Limitation Explanation explains the factors used in calculating your county's or city's payable 2004 overall levy limitation. Consolidations, Annexations, Transfers of Function The'overall levy limitation law provides for special levy limit adjustments for consolidations, mmexations, and transfers of governmental functions that are effective on or before June 30 of the levy year. Specifically, these include the following adjustments: If all of the area included in two or more local governmental units are consolidated or merged into one single governmental unit, the levy limit base of the resulting governmental unit in the first levy year that the consolidation is effective is equal to the highest tax rate of any of the merging govermnental units for the previous levy year multiplied by the total taxable net tax capacity of the merging governmental units for the previous levy year, minus the sum of their special levies for the previous levy year. Continued... ProperO; Tax Division Mail Station 3340 St. Paul, MN 55146-3340 An equal opportunity employer ~1.. 651-296-3394 F~.. 651-297-2166 Call711forMinnesota Relay limitation. Any additional levies approved by the voters in 2003 at a referendum held on or prior to November 4, 2003 must be reported to the Department of Revenue on or before November 30, 2003. Payable 2004 PT Form 280 and Instructions The Payable 2004 PT Form 280 and Payable 2004 PT Form 280 Instructions are enclosed. This is the form and the instructions for claiming the special levies that are authorized outside of (in addition to) your county's or city's payable 2004 overall levy limitation. Please read the Form 280 and Form 280 Instructions carefully before completing the Form 280. Under the overall levy limitation law, all special levy claims must be pre-approved by the Department of Revenue. The Department's decision on special levies approved (whether in the amount claimed or at a reduced level) or denied is final. No county or levy limit city will be allowed to levy more than the sum of its levy limitation and approved special levies. If a final levy certified to the county auditor exceeds the sum of the levy limitation plus approved special levies, the county auditor must reduce the certified final levy to the sum of the levy limitation plus approved special levies. The Payable 2004 PT Form 280 must be completed and submitted to the Department of Revenue on or before September 30, 2003. The Department of Revenue will review the special levy claims and report back to the county or levy limit city by December 10, 2003 the amount of the approved special levies. The Department of Revenue will also certify to the county auditors, on or before December 29, 2003, the sum of the levy limit and the approved special levies for the county and for each levy limit city within the county. Overall Levy Limitations Calendar for the Taxes Payable Year 2004 These are deadlines under the overall levy limitation law for levy year 2003, taxes payable 2004: Deadlines in the Law Action Required On or Before September 1, 2003 The Department of Revenue certifies the payable 2004 overall levy limitation to each county govenmaent and to each city over 2,500 population (levy limit city). On or Before September 30, 2003 The counties and levy limit cities send their completed Payable 2004 PT Forms 280 to the Department of Revenue, claiming their special levies for payable 2004. 3 MINNESOTA. REVENUE August 15, 2003 To: Finance Officials of Cities Over 2,500 Population Re: Payable 2004 Overall Levy Limitation Enclosed is the Payable 2004 Overall Levy Limitation Notice for your city. The factors involved in the calculation of your city's payable 2004 overall levy limitation are shown on the notice. The following is an explanation of the calculation factors. Line 1 -- Adjusted Levy Limit Base for Payable 2003: This amount is from line 8 of your city's "Payable 2003 Overall Levy Limitation Notice" that you received in 2002. Line 2 - Payable 2003 Unused Levy Authority: This is the amount your city levied below its overall levy limit. This figure represents only the unused levy amount attributed to your city's overall levy limit. It does not reflect the unused levy amount attributed to special levies. Line 3 - 2003 Transit Property Tax Replacement Aid: Line 3 is the total amount of transit property tax replacement aid your city is scheduled to receive in 2003. Line 4 - Levy Limit Base for Payable 2004: This is the Adjusted Levy Limit Base for Payable 2003 (Line 1) minus payable 2003 unused levy authority (Line 2) minus 2003 transit property tax replacement aid (Line 3). Line 5 - 2003 Local Government Aid: Line 5 is the total amount of local government aid your city was certified to receive before reductions in 2003. Line 6 - 2003 Existing Low Income Housing Aid: Line 6 is the total amount of existing Iow income housing aid your city was certified to receive in 2003. Existing low income housing aid is repealed beginning with taxes payable 2004. Line 7 - 2003 New Construction Low Income Housing Aid: Line 7 is the total amount of new construction low income housing aid your city was certified to receive in 2003. New construction low income housing aid is repealed beginning with taxes payable 2004. Line 8 - 2003 City Aid Total: (Line 5 + Line 6 + Line 7). Line 8 is the sum of your 2003 city aids before reductions Continued... Property Tax Division Mail Station 3340 St. Paul, MN 55146-3340 An equal opportunity employer ~t.- 651-296-3394 ?~.. 651-297-2166 Call711forMinnesota Relay Line 16 -Adjustment for 2003 Local Tax Rate Excess Tax Increment Taxes: M.S. 469.177, Subd. 9 provides that a tax increment (TW) district does not get to keep the portion of tax increments that are based on an increase in the total local tax rate over the total rate that existed for the year in which the original local tax rates for the TIF district were certified. These local tax rate excess tax increment taxes are to be distributed to the county, the city, and the school district (but not special taxing districts) based on their respective percentages of the total local tax rate increase. This statute further provides that the amount distributed to the county, the city, or the school district is to be deducted in determining its levy limitation for the next taxes payable year. The amount shown is the increase (if any) in your city's local tax rate excess tax increment taxes for payable 2003 over payable 2000. It is presumed that your city's payable 2001 property tax levy was reduced by its payable 2000 local tax rate excess tax increment taxes. Line 17 - Payable 2004 Overall Levy Limitation: This is your city's Adjusted Levy Limit Base for Payable 2004 (Line 13), plus your city's New Net Tax Capacity-Based Referendum Levies, if any (Line 14), minus your county's 2004 Property Tax Aids (Line 1 Sd), and minus the Adjustment for 2003 Local Tax Rate Excess Tax Increment Taxes, if any (Line 16). This is the most that your city may levy for the taxes payable year 2004 for all purposes except special levies and special assessments. Please note: If a city has a market value credit reduction for 2004 a portion of the city's ~'Nx levy, equal to its 2004 market value credit reduction, will not be collected. For example: ~ If a city has a final levy limit on line 17 of $10,000 and a 2004 market value credit ~ reduction of $1,000 on line 11 and the city opts to levy to its maximum overall levy limit I of $10,000 it will only collect $9,000 of the levy due to the $1,000 market value credit// reduction ......... If you have any questions concerning this letter or the enclosed Payable 2004 Overall Levy Limitation Notice, please contact me at (651) 296-3394. Sincerely, Shawn Wink Research Analysis Specialist Shawn.wink _(~,state.mn. us Enclosure