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08-22-2022 City Council Work Session MinutesCHANHASSEN CITY COUNCIL WORK SESSION MINUTES AUGUST 22, 2022 COUNCIL MEMBERS PRESENT: Mayor Ryan, Councilman McDonald, and Councilwoman Rehm. COUNCIL MEMBERS ABSENT: Councilman Campion and Councilwoman Schubert. STAFF PRESENT: Laurie Hokkanen, City Manager; Matt Unmacht, Assistant City Manager; Charlie Howley, City Engineer/Public Works Director; Kate Aanenson, Community Development Director; Kelly Grinnell, Finance Director; Jerry Ruegemer, Park & Recreation Director; Don Johnson, Fire Chief; Rick Rice, MIS Manager; and Kim Meuwissen, City Clerk. PUBLIC PRESENT: None. Mayor Ryan called the Work Session to order at 5:30 p.m. 2023 PRELIMINARY BUDGET, LEVY, AND CIP DISCUSSION City Manager Laurie Hokkanen formally introduced Finance Director Kelly Grinnell. Ms. Grinnell provided an overview of tonight’s budget presentation agenda: • Review and discuss proposed preliminary General Fund Budget • Review and discuss the Preliminary CIP for 2023-2027 for tax-supported funds • Review County assessment report and historical data (Market Values) • Review and discuss the proposed Preliminary Levy and impact on taxes • Review upcoming meeting dates and deadlines • Council input and questions Preliminary General Fund Budget: A balanced budget is projected for 2023 in the amount of $14,343,275, which results in a year-end fund balance of $7,739,515. A Revenue Stabilization Arrangement is proposed to amend the fund balance policy to commit an equivalent of one year of permit revenue. Ms. Grinnell referenced that the proposed budget relates to the City’s Strategic Plan priorities of Financial Sustainability and Operational Excellence. Ms. Grinnell presented a pie chart showing the General Fund revenue sources, which included property taxes, cable franchise fees (previously accounted for in the CATV Fund), license and permit fees, fines and penalties, intergovernmental, charges for services, other revenue, and transfers in (new this year). A table was then presented showing the General Fund revenue comparison in each of these sources between 2022 and 2023. Highlights of the revenue changes include the following: • Cable Franchise Fees were previously recorded in the CATV Fund along with Communications expenses – reallocated revenue is $154,000 City Council Work Session Minutes – August 22, 2022 2 • Transfer in from CATV Fund - $45,000 to offset increased expense in General Fund due to moving of Communications expenses from CATV Fund • Building Permit Revenues – recommend using three-year average of 2018, 2019, and 2020 revenues to budget for 2023 (2021 was an unusually high year) • Interest Earnings – interest rates have increased so budgeting an additional $80,000 in 2023 Ms. Grinnell then presented a pie chart showing General Fund expenditures by function (Public Safety, General Government, Public Works, Park and Recreation, and Community Development) which results in a 6.6% increase. A table was then presented showing the General Fund expenditure comparison for each function between 2022 and 2023. Ms. Grinnell reviewed the changes in each of the expenditure functions: • General Government: Key changes include approximately $200,000 increase in the Communications Department largely due to the inclusion of wages and benefits for the Communications Manager and other expenditures that were previously accounted for in the CATV Fund. About $114,000 (3.8%) of the increase is due to wage/benefit changes and inflationary increases. Mayor Ryan asked for clarification for the changes in the CATV Fund. Ms. Hokkanen replied that historically some Communications expenses have been paid out of the General Fund. The CATV Fund is a special revenue fund which previously funded the City Recorder position and initially the Communications Manager position, resulting in two different accounts that were both dedicated to Communications. Now we are proposing to merge both accounts. There is no spending increase or change in our Communication operations, we are just combining the two accounts by transferring the CATV revenues. Mayor Ryan stated that it is budget neutral but that the increase results from salary and benefits. Ms. Hokkanen confirmed that statement. • Public Safety: Key changes include the police contract increasing by 10%, with an additional 10% increase expected in 2024. Fire Department wages and benefits will increase due to hiring three new captains (cost will be offset by reduced on-call hours). ARPA funding is planned to be used in 2023 towards these staffing additions. Overall wages and benefits for the department are increasing $434,000 from 2022. Closing Fire Station 2 will result in further cost reductions and eliminates the need for a new engine estimated to cost between $800K and $1M. Mayor Ryan asked for clarification on the police contract staffing. Lt. Lance Pearce responded that about a year ago deputies received a significant pay increase to increase employee retention. The increase in salary and benefits impact from this two-year contract will be seen in 23 and 24. Mayor Ryan asked if the City was now fully staffed. Lt. Pearce responded that the staff position rates are the average rates charged to the City. Ms. Hokkanen added that the City pays by position rates, not by actual person. In 2021 the City received a $200K refund from the County for positions that weren’t able to be filled through the contract. • Public Works: A decrease in expenditures of $104,625 is anticipated in 2023. The expenses for facilities and fleet maintenance area being moved from Internal Service Funds to the General Fund in 2023, which overall results in little change to the budget. An additional $194,000 was allocated to the Surface Water Management Fund for wages. City Council Work Session Minutes – August 22, 2022 3 The budget also includes $90,000 for replacement of streetlights and lighting cabinets. Mayor Ryan asked about the responsibilities of the electric companies for these replacement costs. Mr. Howley responded that there are two different power companies that serve the City, Xcel and Minnesota Valley Electric Company and they both offer different programs. Xcel has a lot of different contracts as to who pays for what and it is not consistent within the City. Generally, the City pays for the power for streetlights within neighborhoods and the electric utility owns those streetlights. The exception is the streetlights and cabinets located on larger collector roadways such as Kerber and Coulter Boulevards that are not a part of a neighborhood. They are owned and operated by the City. • Community Development: The increase of $25,706 is due to wage/benefit changes and inflationary increases. • Parks and Recreation: Key changes include increases in park maintenance expenses due to wage and benefit increases for both permanent and seasonal employees, recreation program expenses due to increased event costs such as fireworks and tents, tables, portable restrooms and other equipment rental, and dance and other program fees are higher, but they will be offset by increased revenues. Mayor Ryan asked if the City was considering charging more for rental space and programming. Mr. Ruegemer responded that fees are reviewed annually and were substantially increased a year or two ago. Staff is always looking for new ways to increase revenue generation. General Fund Balance & Revenue Stabilization: Ms. Grinnell explained that fund balance is the difference between assets and liabilities of which there are five categories: • Non-Spendable: not in spendable form (such as inventory or prepaid items) and legally or contractually required to be maintained intact. • Restricted: Amounts that can be spent only for the specific purposes stipulated by constitution, external resource providers, or through enabling legislation (such as bond covenants). • Unrestricted o Committed: Amounts that can be used for specific purpose stipulated by resolution of the City Council. o Assigned: Resources are intended for spending for a purpose set by the governing body itself or by some person or body delegated to exercise such authority in accordance with the policy established by the City Council. o Unassigned: Residual classification for the general fund and represents fund balance that has not been restricted, committed or assigned to specific purposes of the general fund. Chanhassen’s current policy is that the General Fund should maintain a minimum unassigned fund balance at year end equal to 50% of following year’s levied property taxes and anticipated state aid. Staff is proposing to add onto the existing 50% requirement for unassigned but create a revenue stabilization arrangement to formally set aside amounts for use in case of a revenue shortfall e.g. building permit revenue. This amount would be set aside as committed fund City Council Work Session Minutes – August 22, 2022 4 balance in the General Fund in an amount up to the succeeding year’s budgeted building permit revenue. Ms. Grinnell presented a table showing the calculation of the proposed amount. Preliminary CIP 2023-2027: Ms. Grinnell reviewed the Capital Facilities Fund, Transportation Infrastructure Management Fund, Pavement Management Fund, and Capital Equipment/Vehicle Replacement Fund. The CIP links to the financial sustainability and asset management priorities of the City’s Strategic Plan. • Capital Facilities Fund: Mayor Ryan asked about the security fencing and access control expense and if most Public Works facilities are secured and is this the direction we are going. Mr. Howley responded that more than half are secured and many of these facilities end up being an emergency operations center (EOC). As the Emergency Management Director for the City, Chief Johnson added that there have been specific discussions to locate the City’s EOC at Public Works. The primary source of revenue for this fund is property taxes; however, there currently is not enough income to meet the identified needs. • Transportation Infrastructure Management (TIM) Fund: Funds the ADA transition plan improvements, and trails and parking lots pavement management. The dedicated funding source is also property taxes. There is a positive fund balance at the end of the five-year CIP; however, it has decreased from where it started. • Pavement Management Program (PMP) Fund: Funds a number of identified street improvements. There are multiple revenue sources for this fund including property taxes, intergovernmental-Non MSA, MSA construction, MSA maintenance, franchise fees, special assessments, and investment earnings. • Capital Equipment Replacement Fund: Funds fleet capital equipment/vehicles, fleet leased vehicles, and technology. Fleet capital equipment/vehicles for 2023 total $653,900. Technology includes BS&A cloud-hosted service migration, computer/network equipment purchase/upgrades, and finance software replacement. Mayor Ryan asked how the City’s building department compares to other cities in terms of technology and ease of use. Ms. Aanenson replied that processing permits for residents and contractors has significantly improved over the past year with the online application and payment process. Reports can also be generated quickly. Ms. Hokkanen added that the next frontier for permit processing would be to integrate plan review and permit processing. Revenues for this fund are from property taxes and investment earnings. • Unfunded Items: The Park Renovation fund does not have a dedicated, ongoing funding source and there are several park renovation projects that lack funding. The Park Acquisition and Development fund does have a dedicated, ongoing funding source in park dedication fees. The Lake Ann Park Preserve project is not included in this list as the Council has preliminarily reserved $1.3M of ARPA funds to start the project. City Council Work Session Minutes – August 22, 2022 5 Market Values: Ms. Grinnell presented a chart from the County Assessor’s Report for taxes payable in 2023 showing the assessment summary, residential, commercial/industrial, apartment, and agricultural. Proposed Preliminary Levy, Tax Rate, and Taxes: Ms. Grinnell shared a slide showing the total proposed preliminary (maximum) levy payable in 2023 is $13,325,000 which is an increase of $661,924 (5.2%) over the 2022 levy. The projected tax rate for taxes payable in 2023 is 19.9% compared to 22.4% in 2022. If an additional $250,000 is levied, the tax rate would be 20.3%. Ms. Grinnell next presented bar charts showing the levy history from 2017 to proposed 2023, as well as levy projections from 2023 to 2029. Tables were then presented showing the differences between 5.2% and 7.2% levy projections. A bar chart showing preliminary levy increases with 12 comparable cities was then presented showing Chanhassen as the third lowest increase. If a 7.2% levy was approved, Chanhassen would fall somewhere in the middle. Next Ms. Grinnell presented a slide showing the tax levy impact on various homes in Chanhassen valued at $300K, $500K, $700K and $900K. Revenue and expenditure comparisons of state-wide averages were also presented. Next Steps: Ms. Grinnell provided the following schedule: • September 12 City Council Work Session and Meeting: discuss maximum tax levy in work session and set the preliminary (maximum) levy at the regular meeting • November 14 (and November 28 if needed) City Council Work Session: Review CIP, Debt, and Utility Funds and Budgets for all Funds • October 24 City Council Work Session: discuss General Fund and Property Tax supported funds • December City Council Meeting: Hold truth-in-taxation public hearing and adopt levy, budget, and fee schedule Mayor Ryan thanked Ms. Grinnell for the presentation. Since Councilmembers Schubert and Campion are absent, Ms. Hokkanen and Ms. Grinnell will review this presentation with each of them prior to the next meeting. Councilwoman Rehm also complimented the presentation and liked the idea of smoothing out the levy increases. Mayor Ryan asked for more information regarding the revenue stabilization arrangement. Ms. Hokkanen responded that Councilman Campion had asked if the City was budgeting too conservatively in terms of building permits given the number of years of growth and revenue we have experienced. Historically we have purposefully been very conservative in terms of building permits because we acutely remember 2008, we know that the market can change, and we haven’t wanted to be overly reliant on building permits. What Ms. Grinnell is suggesting is a good compromise between budgeting more realistically using a three-year average and not being in a position where we would need to lay off staff or make dramatic cuts because we will have dedicated revenue set aside for that purpose. Ms. Grinnell added that this would stay in the General Fund but be classified differently from unassigned fund balance. The rating agencies look favorably on this. Councilman McDonald asked if its only purpose be for permits or could we use it for other things that we project revenue for. Ms. Grinnell responded that we could do it for other things but building permits are probably the largest revenue source besides property taxes and nothing else has as much volatility. It could be compared to a rainy-day fund. We are proposing to set it up to be City Council Work Session Minutes – August 22, 2022 6 equal to the following year’s building permit revenue. Councilman McDonald asked if we had a surplus in the fund what would we do with it. Ms. Grinnell replied that the funds would remain in the General Fund as unassigned fund balance, and they could be used for one-time uses or continue to build up fund balance. The goal is that over time the fund stays stable and doesn’t decrease. Mayor Ryan asked for clarification of the assigned fund balance. Ms. Grinnell responded that she didn’t see anything that had been formally assigned in the past. It is something we could choose to do in the future. Mayor Ryan expressed her appreciation to Ms. Grinnell for the budget presentation. FUTURE WORK SESSION SCHEDULE Date Item September 12 • Preliminary Levy Discussion • Valley Auto Salvage Request for Expansion of Non-conforming Use for Recycling September 26 • Fire Department Open House, 6-7 p.m. October 24 • General Fund & Property Supported Funds Discussion November 14 • CIP, Debt & Utility Rate Study Discussion The work session adjourned at 6:55 p.m. Submitted by Laurie Hokkanen City Manager Prepared by Kim Meuwissen City Clerk