HomeMy WebLinkAbout2011 Budget BookCITY OF STILLWATEF
NJ V" CI OF STILLWATER,
,
MINNESOTA
3
21 4th Street North
Stillwater, SIN 55082
Phone: 651.430.8800
Web Address: www,ei.tillwater.mn.us
PREPARED ED B ' THE FINANCE DEPARTMENT
2011 BUDGET
CITY OF STILLWATER, MINNESOTA
SEA BEA
2011 BUDGET
i INTRODUCTION
City Officials...
3
Mission Statement...............
4
Organizational Chort...---------------.........................................................
5
CartifiadLe«y..-------------------------------------
8
Debt Service Levy ObUgotiomo--------------_---------------..
7
Budget Overview.........
040
Property Tax Ca|rulation------- ............................................ -----------
11-12
Trend Information:
34-35
Total Certified Levy (past 10 yaane----------------------------..
18
City Tax Rate (past 10 yoarm ----_--------------------_----
17
General Tax Levy and Levy Limits (past 10ymany--------------------_
18
Local Government Aid & General Tax Levy (past 10 years)
18
Bond Rating (past 10yeore )------------------------------..
20
U. BUDGET SCHEDULES
A. GENERAL FUND
General Fund 8ummory..------------------_--------.........
24'25
Rovonues-------------------------------------
27
Expenditures:
84-85
N1ayorendCounciL.-------------------------------.
28'29
Ba�1on�------------------------------------..
30'31
MISSupport Services .............................................................................................
32'33
Finenmo-------------------------------------
34-35
Adm1 ni strati on— ...... _-------------------_----------.
38'37
Legal/City Attorney .................................................................................................
38-39
Plant/CityHoU----------------------------------.
40-41
Community
42'43
Po
44-45
Fh�---------------------------------------
48'47
......................
48'49
CivUDafenae----------------------------------..
50'51
EnQineoring-----------------------------------.
32-53
8tneots-------------------------------------..
54'55
Unaloca<ed---------------------------------__.
56-57
B. SPBCm� -REVENJEFUNDS
Special Revenue Funds Gummery----------_----------------
60-81
Special Events............
82'83
8t Croix Val ley RooraationCa ........
84-85
L bna0.—..------------------------------------..
88'87
parko---------------------------------------
88'68
Downtown Beautification
70'71
Washington County Recycling Gran
72-73
OARE.--..-------------- ................. ----------------
74-75
CITY of STILLWATER, MINNESOTA
SEA SEA
TABLE OF CONTENTS
%O�v 76,
� 1 }J
C. DEBT SERVICE FUNDS
Debt Service Funds Summary. 78-79
G Capital Outlay Bonds. +.r +..aaaa. •.a.a•••...aaa.a.a.t••.a. aaa•.a.a..a•a..aa.•..a•a•.a . a•.a. # + + +........ + +.a.a..e 80-81
GCS Improvement Bon 82-73
GO Tax Increment Financing Bonds 84-85
GORevenue Bonds +.a +.+ ......... a. a+....+.+.. a...+ a••. a. a....++..l+ a..... r.•..+.+, + + + +.. +.a +...aa.•.a...•.•.,.... 88-
OtherLon - Terra Debi... 88 -89
D. CAPITAL PROJECT FUNDS
108 -109
Capital Project Funds Summary... - . , .. a . a a a a t .. a a a a a . ........ . , . a .
93
Tare Increment Financing District 1 + +• +.+ . +. +. +... +•.•. .. +a ... +• +. +a.. +_... .•i.•...aa...•a••.a.. + +.. •t.
94-95
Tax Increment Financing District #4 +. a.......a a.a.. a......a.a. a. a...... a....a. a. a......... +YV...a.a.a.aa.a....+
-
Ta c Increment Financing District
98 -99
Tax Increment Financing District �# 8. a• a.• a. a. aaaa ...•.a.a.•.•.a•.•aa...•.a.a•a.• as •a•..... +..... + +� +..aa.•.a.a +..
100-101
Tax Increment Financing District ... ...........iY.i......ti�.ara...
102-103
Tax Increment Financing Dstrict a +ia .i. iii it .b +ia is +.ii e... .i•ifa ay. r +. ib•r.•.aa aea .a. aa. a# ... ..a.a
104-105
E. ENTERPRISE FUNDS
Enterprise Funds Summary +a + ++ aaa. a. aaaaa•... aa•••... a. t•.. a. a•.aa•.•a.•.a.a.•a.a•.•.a +..... - , +i +. +a....•aa.. + +..
108 -109
Sanitary Sewer........, . . +...•a•
110 - 111
Stormfi rer .....aa.aaa..•a.a.a... + + + + .... .. ..... . . ... .- ........... ..... +... -... - ....•a•a•aaa.a...a.. + +. +...a.
112-113
Signs& Lighting .......ica.rr ..+..+. a.....•. aaaaa..•........+ a• a•......• a•.. a..+...... a .ai.....,.....t•.a.a••..... +...
�.
1+14 -115
Parking...... a r..+++.. a#.., a.. a. aa.. raa .r..a.a.vaaa.avaaa,a•ava..aa. aaa.. at. v. a... a.ra.a..a+ +r....a. +.rrraraaaa.a r.
116 -117
ParkingRamp + +.........a.. aaa.., a•..++ a+...+++. a. Y+++ a+.+.. a+++ a+ + + +a +. +. + +.i..a..a.. +i.iava.a.. a... + +.. .._., ,rra.a.
113 -119
M. OTHER SCHEDULES
Capital Outlay. 123 -125
Reserves
CapitalReserves..••.. ....•.....a +.... ....... ......... .•. .......+Y..--- ................. +..aaa........ . , .. 127
BornProceeds. a...aa. a.. a........+.....+.+++ r.+.+.+.+++ r#++.•+. + #.. +l..ii + +aa..a +..... +.r. +. + - . +a.,r.•...aa..... +... + +a, 128
IV. APPENDIX
Glossary.....++... a.•.•.. •a.aaa..aa.a..aaa.a +...... +.... +...................... +. .... .. +.t...a...•.a.. +. +...... +.aa• 131 -136
INTRODUCTION
CITY of STILLWATER, MINNESOTA
SEA BEA
CITY OFFICLkLS
S
January 18, 2010
ELECTED OFFICIALS
Mayor
Ken Harycki
Term Expires: January 201
counllmerri
"arid 1
Doug Menikheir
Tern Expires: January 201
Ward 2
Micky Cook
Term Expires: January 2013
Ward 3
Jim Roush
Term Expires: January 2013
Ward
Mike Plehna
Term Expires: January 2015
APPOINTED OFFICIALS
Larry D. Hansen, City AdministratorlTreasurer
David T. Magnuson, City Attomey
Sharon Harrison, Finance Director
John Gannaway, Police Chief
Stuart Glaser, Fire Chief
Shawn Sanders, Public Works DirectorlCity Engineer
Bill T rnblad, Community Development Director
Lynne Bertalmio, Library Director
3
CITY OF STILLWATER, MINNESOTA
BEA SEA .
Ira MISSION STATEMENT
To provide the community with a quality living
environment and quality public services and facilities
while protecting cultural, historical and natural
resources through fair and open government, careful
planning, effective management and efficient fiscal policy.
Adopted by the City Coun it in 1995
4
CITY OF STILLWATER, MINNESOTA
eat., lItnr,,,
ORGANIZATIONAL
n
Program Types
General Government
Public Safety
Public Works
Culture and Recreation
Proprietary
ELECTIONS
pnitm
ADMINISTRATION
PLANTICITY HALL
CITIZENS OF STILLIATEF
MAYOR
CITY COUNCIL
DOWNTOWN BOARDS AND
BEAi1TFICATfQ[Y COMMISSIONS
CITY
ATTORNEY
COMMUNITY
DEVELOPMENT
BUILDING
IN
INSPECTION
ENGINEERING
WASHINGTON CO I SANITARY SEWER
RECYCLING
GRANT
CITY
ADMINISTRATOR/
/
TREASURER
FINANCE I I FIRE
PUBLIC
WORKS
STREETS
STORM SEWER
HERITAGE PRESERVATION
COMMISSION
PLANNING
COMMISSION
PARKS
BOARD
JOINT CABLE
COMMISSION
HUMAN RIGHTS
COMMISSION
LIBRARY LIBRARY
BOARD
POLICE
T CROIX VALLEY
RECREATION
CENTER
PARKS
SKIS c LIGHTING
CIVIL DEFENSE
DARE
PARKING
PARKING RAMP
MTV n1z IqTl|!WATFR M0KIKIP-qOTA
EA
Pursuant to Resolution 2010-195, on December 7, 2010 the City Council adopted the final certified tax levy of
$10,158,367 for taxes collected in the year 2011. This levy consists of the General Operating Levy and Special Levys.
GENERAL OPERATING LEVY:
The General Operating Levy is levied against all of the taxable properties of the City and is a major funding source for
general City operations.
Fund # Amount
100 General Operating Levy $ 81523.288
SPECIAL LEVYS:
Debt Service Lev
The Debt Service Levy is levied against all of the taxable properties of the City and provides funding for those bond
issues requiring property tax support. The Debt Service Levy for taxes collected �n the year 2O11 io$3'215.1B5and
consists of the following Debt Service Obligations-
Fund _#
Current Required Levy
Amount*
304
GQ. Capital Outlay 2DO4B
$ 108.308
305
G.O. Capital Outlay 2OO5A
228.879
307
G.D. Capital Outlay 2OO7A
1957484
308
G.Q. Capital Outlay 2D08A
214.896
309
G.D.Capital Outlay 2009A
2195503
315
G.D. Capital Outlay 2OU5B
2763888
318
G.Q. Capital Outlay 2OO6A
574`893
319
GD. Capital Outlay 2OO9B
138.853
328
GD. Capital Outlay 2DOBD
7557672
340
G.D. Improvement Bonds 2OO4A
285`832
385
E;.O Sports Center 2QO5C
121,309
Subtotal
$ 311303185
New Debt,
311
GO Capital Outoiy2O11
BSOOO
TOTAL
3,215,195
Debt Service Levys Cancelled
The following debt service levy's were cancelled due to sufficient funding already available-
389
PERAEmo|ovor Contribution Rate Increase Lev
The PERA Employer Contribution Rate Increase special levy koto pay the increased oos uf required employer
contribution to the regular plan of the Public Employees Retirement Association (PERA) due to rate increases effective
ono/ after January 1.2UO2. For the Coordinated Fund, the employer rate increase form 5'1896 prior to January 1 2002
to 8.7596 oftotal salary for payable 2000. For the Police and Fire Fund, the employer rate increased form 9.3% to
14.1%of total salary, Prior Lo2OOB' the PERA Employer Contribution rate increase was included with the General
Tundi# Amount
100 PERA Employer Contribution Rate increase Levy $ 171,974
2010 Unallotted Aids and Credits Lev
The 2010 Unallotted Aids and Credit special levy can be claimed by the City for Local Government Aid(LGA)ond
Market Value Homestead Credit (NVHC)uno|loted|n2O1U The maximum levy which can be claimed under this special
levy ia the total amount of property tax aids and credits uned|ottedin2Q1U. For Stillwater, the maximum amount that can
me levied under this special levy is- $1,210,643. The actual amount that was levied by the City is as follows.-
Fund # Amount
9
CITY OF STILLWATER, MINNESOTA
A
BE
LEVYOBLIGATIONS
Ig.
d
The a bore graph shows the a mount of debt service required to be levied for each budget year be i n n i n g with 2011.
The amount of levy can be reduced or"cancelled" if there are sufficient funds available to pay the required debt service.
Year
TOTAL CERTIFIED LEVY
Revell Lie
Bonds -
improvement
Bonds
Total
$3,500,000
$2,713,053
$4101060
$295,832
$3,418,945
2012
$3,000,000
$411,542
$300T456
$2,980,010
2013
$2,015,993
$4071200
$2,500,000
$2,821,889
2014
$1,801,309
$412,997
$301,698
$2,516,004
2015
$1,586,516
$423,313
$303,109
$2,000,000
2016
$11355,057
$426,778
$298,761
$2,0801596
2017
$1,118,937
$424,237
$01
$1,543,174
2018
$1,108,952
$174,326
$1,500,000
$13283,278
2019
$1,001,463
$1731880
$0:
$1,1751343
2020
$980,340
$0
$0
$980,340
$1,000,000
$689,740
$01
$0
$689740
2022
$3871450
$0
$0,
$3871450
2023
$389,970
$01
$0
$389,970
2024
$391,860
$500000
$0
$391,860
1 2025
1 $393,1201
$01
$01
$393
$0
2011 2012
2013 2014 2015 2016, 2017 2018 2019 2020 2021 2022
2023
2024
2025
El Capital Outlay Bonds El Revenue Bonds 0 1 m p rovem ent 13o nd s
The a bore graph shows the a mount of debt service required to be levied for each budget year be i n n i n g with 2011.
The amount of levy can be reduced or"cancelled" if there are sufficient funds available to pay the required debt service.
Year
Capital Outlay
Bonds
Revell Lie
Bonds -
improvement
Bonds
Total
2011
$2,713,053
$4101060
$295,832
$3,418,945
2012
$21268,012
$411,542
$300T456
$2,980,010
2013
$2,015,993
$4071200
$398,696
$2,821,889
2014
$1,801,309
$412,997
$301,698
$2,516,004
2015
$1,586,516
$423,313
$303,109
$2,312,938
2016
$11355,057
$426,778
$298,761
$2,0801596
2017
$1,118,937
$424,237
$01
$1,543,174
2018
$1,108,952
$174,326
$0:
$13283,278
2019
$1,001,463
$1731880
$0:
$1,1751343
2020
$980,340
$0
$0
$980,340
2021
$689,740
$01
$0
$689740
2022
$3871450
$0
$0,
$3871450
2023
$389,970
$01
$0
$389,970
2024
$391,860
$01
$0
$391,860
1 2025
1 $393,1201
$01
$01
$393
Note: The above levy amounts do not include amounts for any anticipated 2011 bond issues.
7
BEAj
7W
CITY OF ST.LLWATER' MINNESOTA
General Description and Form of Government
The City ofStillwater, incorporated in 1884, is a growing community located on the St Croix River 1n central Washington
County, approximately 20 miles east of Minneapolis/St. Paul metropolitan area, Stillwater encompasses an area of
approximately 4,891 acres serves a population of 17,959,
The City of Stillwater operates under the "Home Rule Charter" form of government under the provisions ofState of
Minnesota Law. The Mayor is the president of the Council and together with the four-member City Council comprises
the governing body of the City. The City Council /a responsible, among other thinga.fonpeao1ngordinenmas,adopUng
the budget, appointing committees, and hiring a City Administrator. The City Administrator has the responsibility of
carrying out the policies and ordinances of the City Council and of overseeing the day-to-day operations of the City. The
Mayor is elected at-large and the Council Members are elected by Wards to serve four-year overlapping terms of office.
The City provides o full range of municipal services. These services include- general government, public safety (police
&fire). public works (streets & fleet), parks and recreation, public improvements, and providing and maintaining sanitary
sewer, storm sewer, signs & lighting and parking inftastructure-
Fund Accounting
The accounts of the City are organized on the basis of funds, each of which is considered a separate accounting entity.
The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets,
liabilities, fund equity, revenues and expanditurea/axpansos' Government resources are allocated io and accounted for
in individual funds based upon the purposes for which they are to be spent and the means by which spending activities
The budgeted funds of the City are grouped into two broad categories om follows-
Governmental Funds - Governmental Funds are used to account for the ^governmental -typ el'activities of the City
(o.g.eoUviUasLhoi receive osi gnifil cant portlonofthe1rfunding from property taxes, state a1da.ondvarouegnsnts).
The Governmental Funds budgeted for the City are the General Fund, Special Revenue Funds.1 Debt Service
Funds, and Capital Project Funds.
Proprietary Funds ' Proprietary Funds are used toaccount for the activities ofthe City (e.g.
activities that receive significant portion of their funding through user charges). The Proprietary Funds budgeted
by the City are the Enterprise Funds.
Basis of Accounting and Budgetina
The Governmental Funds are budgeted and accounted for onemodified accrual basis. Under this method, revenues
are recognized when they are measurable and available. ^N1oaounsb|o~ means the amount of the transaction can ba
determined and ^ available /' means collectible within the current period or soon enough thereafter (usually within 8Odays
after the end of the year) to pay liabilities of the current period. Expenditures are recognized when o transaction iu
expected to draw upon current spendable resources, rather thanfutumareauuroem.
The Proprietary Funds are budgeted and accounted for ona full accrual basis. Under this method, revenues are
recorded when earned and expenses are recorded at the time the liabilities are incurred,
CITY OF S^~'LLWATER� MINNESOTA
113UDGET OVERVIEW
MAM (Continued)
Budget, Process.
Section 7.01 of the Stillwater City Charter sets forth the requirement that the City Administrator must prepare and submit
an annual budget to the City Council which accurately reflects the financial needs for the City. The City Administrator is
also required to enforce the provisions of the budget upon adoption.
The budget is prepared on an annual basis and follows the calendar year, January 1 st to December 31 st.
The City Administrator and City staff address the Council's concerns in the preparation of the budget and evaluate the
2010 financial costs of the implementation of these policies and include them in the budget where economically feasible.
2011 Bu�Lqet Calendar:
April Finance Department begins budget process by preparing projected wages, benefits and insurance
costs for the upcoming fiscal budget year-
April 20 The proposed budget calendar, the budget workshop meeting dates., and the date for the adoption
of the proposed budget, tax levy and the sefting of the truth - n-taxation hearing dates are
May 7 Budget worksheets are distributed to Department Heads/Division Supervisors for completion.
May 14 Budget workshop for Council to set priorities for the 3O11 Budget.
May 28 Completed budget worksheets are due to the Finance Department. The Finance Department
assembles the preliminary (requosted) budget information.
June 14' June 30 The City Administrator reviews (equested budget, meets with Department Heads to review budget
requests. and makes recommendations regarding the budget.
July _ August 8 Finance Department makes adjustments and prepares City Administrator's preliminary proposed
August 10 City Administrator's preliminary proposed budget is distributed to the City Council for review-
August 17& 24 Council meets during a budget workshop session with the City Administrator and Department
August 2S- The Finance Department makes budget revisions and prepares the final proposed budget for
Setpennber3 Council adoption.
September Council adopts the proposed budget, the proposed tax levy and sets the Trut -n-Taxation heohnQ
Prior to State Statutes require thaLthepmpo sedbudget, the p roposed p ro perty tax I evy andthe Truth- n-
September 15 Taxation hearing dates MUST BE certified to the County Auditor no later than September 15, 2010.
November The County to send out Truth-in-Taxation parcel specific notices based on the proposed
budget/levy certified bo the County Auditor prior to September 15.
November 16 Notice of2O11 7-N-T Budget meeting announced.
December City to hold the Truth'n'Toxe±ionmeeting. Council adopts final budget and final property tax levy.
Prior to
December 30 Finance Department certifies the final property tax levy and the final budget to the County Auditor-
NOTE Minnesota State Statutes require that a preliminary property tax levy resolution be certified to the County
Auditor by September 15mf each year. Once the City adopts the proposed tax levy, the final tax levy can ONLY
remain the same orbe decreased, not increased.
�11
CITY OF STILL WATER, MINNESOTA
E4
Cry
VA 9
Budgeted Funds
The City of Stillwater prepares a budget for the General Fund, certain Special Revenue Funds (Special Events Fund, St.
Croix Valley Recreation Center Fund, Library Fund, Parks Fund, DARE Fund and the Washington County Recycling
Grant Fund), Debt Service Funds, certain Capital Project Funds JIF Districts) and its Enterprise Funds, but only legally
adopts, by resolution, the budget for the General Fund and the budgets for the Special Revenue Funds.
Revenue Estimation
Revenue estimation is a key component in preparing the City's annual budget. The general intent is make conservative
and objective projections. The City's approach to estimating revenues is to consider each individual revenue sources'
history of predictability, stability or volatility. The estimation methods used are a combination of trend analysis and
forecasting from information provided by prior years actuals and City departments.
Capital Improvement Pro ram
The City of Stillwater's Capital Improvement program is intended to provide the City Council and staff with a process for
identifying and prioritizing capital projects and capital equipment purchases in order to coordinate the financing and
timing of improvements, which maximizes the return to the public. The process enables the City to evaluate long-term
cost and benefits of each project/equipment and uses this information when preparing the annual budget.
Propeft Tax Levi;
The City of Stillwater levies property taxes for its General Fund operations (General Operating Levy) and certain Special
Levys (Debt Service Tax Levy for Debt Service obligations and PEA Employer Contribution Rate Increase Levy).
See Certified Levy on page 6. The levies are allowed by State Statutes, and are collected from property owners by
Washington County and distributed to the City in July, December, and January.
Truth -in-Taxation Public Hear
Each year in November and early December, State Statutes require all counties, school districts, and cities with a
population over 2,500 hold a public meeting to discuss the proposed budget and property tax levies. As part of this
process, each property is sent by the County a Truth-in-Taxation notice, which shows the impacts of the proposed levies
on their individual property. The public meeting is set up as a forum for citizens to come and discuss their views on the
proposed budget and property tax levies with the public officials of each jurisdiction. The City of Stillwater held its public
meeting on Tuesday, December 7, 2010 at 7:00 p.m.
questions
Any questions regarding the content of the City's budget document can be discussed with the City Administrator or the
Finance Director by contacting City Hall at (651) 430-8800,
Me
CITY OF STILL WATER, MINNESOTA
AU
A
w
4�
HOW CITY PROPERTY TAXES ARE CALCULATED
Step 1. Calculate the City Property Tax Rate
Box 1
Total Proposed
City Budget
minus
Box 2
All Non-Property
Tax Revenues, e.g.:
- State Aid, Fees, etc.
= equals
:Box 3
Property Tax Revenue
Needed (Levy)* -
Less: Fiscal
Disparity Contribution
Box 4
City-Wide
Assessor's
Market Vslue
x times
Box 6
State
Mandated
Class Rates
equals
Box 6
divided by Total City-Wilde
Taxable
"'Tax Capacity""
= equals
Box 7 City's
Property Tax
Rate
Boxes I - 3 calculates the City Tax Levy
Boxes 4 -6 calculates the City-Wide Taxable Tax Capacity
City Tax Levy divided by the Taxable Tax Capacity equals the City Tax Rate
CALCULATION OF PAYABLE 2011 CITY PROPERTY TAX RATE (ESTIMATED):
City Budget
Governmental Funds Budget
Debt Service Budget
Total City Budget
Box 1 Less Non-Property tax revenues
Box 2 Certified Levy
Less Fiscal Disparity Contribution
Box 3 ]City Levy
Box 4-6 City Taxable Tax Capacity
,Box 7 City Tax Rate (estilmated)
11
$ 11,333,056
41559T396
$ 15,892,452
5,734,085
$ 10,158,367
1,167,099
$ 8,991,268
$ 17,095,522
52-694%
CITY OF STILLWATER, MINNESOTA
EA L 9EA11
LP
3
_ y
HOW CITY PROPERTY TAXES ARE CALCULATED
Step 2. Calculate Individual Parcels City Property Tax
Formula: Property's Net Tax Capacitor x City Property Tax Date = Property's CitV Property Tax
NET TAX CAPACITY
The Not Tax Capacity is calculated by multiplying the Taxable Market Value of the parcel by the appropriate assigned Class late
of the parcel.
the Taxable Market Value (T1f refers to the amount of value of the parcel that is used in calculating taxes. The TI IV is
determined by Washington County Assessor's office.
- the Class Rate is based on the assigned use or classification of the parcel.
Class Rates are determined by the MN Legislature and
portion of the rate are as follows:
Property Class
Parable
Taxable Market Value
2011
Residential Homestead
0
First $500,000 of value
1.00%
Over $500,000 of value
1.25%
Residential Mon - Homestead
1 ,500
Single Unit
5,000
First $500,000 of value
1.00%
Over $500,000 of value
1.25%
Market Rate Apartments
52.594%
Regular
1.00
Commercial Industrial
First $150,000 of value
1.50%
Over $1,50,000 of value
2.00%
ACTUAL CITY PROPERTY TAX CALCULATION*
Parcel Tax Capacity
First $500,000 a@ I.00%
Over $500,000 @ 1.2510
Total Tax Capacity
City Tax Rate
City Property Tax
Property Class: Residential Homestead)
Taxable Market Value
$1003000 $1503000 $250,000 $5009000 $750,000
1,000
1,500
2,500
5f0O0
5,000
0
0
0
0
3,125
1,000
1 ,500
2,600
5,000
8,125
52.594%
52.594%
52.594%
52.594%
52.594%
$525.94 $788-91 $1 x314.85 $2,629.70 $4,273.26
*Note: Property Tax Calculations do not include reduction for homestead credit.
12
Trend Information
$12,000F000
$10,000,000
$8,000t000
$6,000,000
$4,000,000
$U00"000
CITY OF STILLWATER, MINNESOTA
Ilk
TOTAL CERTIFIED LEVY
--LAP
$0 ---F-
2002 2003 2004 2005 2.006 2007 2008 2009 2010 2011
M General Tax Levy 0 Debt Service Levy El PERA Levy D UnaH oted Aids & Credit Levy
The Certified Levy consists of the General Tax Levy (General Fund operations), the Debt Service Special Levy (Debt
Service ob I i gati o n s) , the PE RA Employer Con trib ution Rate Increase Special Levy* and the Un alloted Aids and Credit
Special Levy.
* Beginning with payable 2009, the City certified a special levy for PER A Employer Contribution Rate Increase, See
page 6 for a definition of what this special levy is. Prior to 2009, the PERA Employer Contribution Rate Increase Levy
was included with the General Operating Levy.
16
Special Lev►s
----------------- --------
I Unalloted Aids
t
Debt Service PERA & Credits
Total Certified
Levy
Year r
General Tax
Levy
2002
$4,034,297
$1 t890,540
$0
$0
$5,924,837
2003
$4,261,183
$2,342,774
$0
$0
$6,603,957
2004
$4,713,214
$2,583,083
$0
$0
$7,296,297
2005
$5,579,500
$2,811,379
$0
$0
$8,390,879
2006
$5,530,145
$31305,610
$0
$0
$83885,755
2007
$6,102,192
$31284,430
$0
$0
$9,386,622
2008
$6,775,809
$3,192,158
$0
$0
$9,967,967
2009
$6,652,408
$3,286,539
$160,822
$0
$101099,769
2010
$6,479,727
$3,385,158
$163,351
$81,954
$10,110,190
L2011
$6,523,288
$3,215,195
$171,974
$247,910
$10,158,3+37
* Beginning with payable 2009, the City certified a special levy for PER A Employer Contribution Rate Increase, See
page 6 for a definition of what this special levy is. Prior to 2009, the PERA Employer Contribution Rate Increase Levy
was included with the General Operating Levy.
16
% tj
60%
50%
40%
30%
20%
10% -1
0%
CITY OF STILL' ATE MINNESOTA
CITY TAX RATE
2002 2003 2004 2005 2006
2007 2008 2009
2010 2011
Year
Total
Certified
Levy
Fiscal
Disparity
Contribution
City Levy
City-Wide
Taxable Tax
Capacity
City Tax
Rate
2002
$5,924,837
$658,560
$5,2661277
$9,858,886
53.417%
2003
$6,603,957
$624,031
$5,979,926
$11,334,107
52.761%
2004
$77296,297
$689,524
$6,606,773
$12,717,343
51-951%
2005
$8,3903879
$751)237
$7,639,642
$14,797,188
51.629%
2006
$8,885,755
$794,406
$8,091,349
$16,431,705
49.243%
2007
$9,386,631
$819,600
$8,567,031
$18,432,325
46.478%
2008
$9,967,967
$909,059:
$9,0583908
$18,888,149
47-961%
2009
$10,099,769
$1,094,815
$9,004,954
$18,817,309
47.855%
2010
$10,110,190
$1,090,126
$9,020,064
$18,225,056
49.493 o
2011
$10,15813671
$1,167,099
$8,991,2681
$17,095,522
52-594 n I
The City Tax Rate is calculated by dividing the City Levy by the City-Wide Taxable Tax Capacity.
The Fiscal Disparity Contribution is the City's contribution to the Metropolitan Fiscal Disparities pool (property tax
base sharing program) which in turn reduces the Total Certified Levy -
17
r-ITY nF -qT11 I WATPP MIPJM;=-qnTA
BE
Ilk. All
.EA:&
3 Nk
GENERAL TAX LEVY AND LEVIT LIMITS
$7,000,000
$6,000,000
$5,000,000
$4,000,000
1 $3,000,000
$2,000tOOO
IN17
I $LOK000
--J
$
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
0 General Tax Levy 0 Levy Limit
The above graph depicts how the General Tax Levy (the amount subject to the levy limit) compares to the Levy Limit in
place for that given year, Some years (such as 2005, 2006, 2007 and 2008) there were no levy limits in effect.
Year
General
Tax Levy
Levy Limit
2002
$4,034,297
$4,034,297
2003
$4,261,183
$4,261,183
2004
$4,713,214
$4,713,214
2005
$5,579,500
Not Applicable
2006
$5,580,145
Not Applicable
2007
$6,102,192
Not Applicable
2008
$6,775,809
Not Applicable
2009
$6,652,408
$6,668,408
20
$6,479,727
$6,479,727
20110 1
$61523,288
$67523,288
18
CITY OF STILLWATER, MINNESOTA
13EAO B
TREND INFORMATION
1g. (Past lo Years) d30
LOCAL GOVERNMENT AID & GENERAL TAX LEVY
$7,000,000 AS OtL--el
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
2002 2003
2004 2005 2006 2007 2008 2009
El LGA (Received) 0 L (Unalloted) 0 General Tax Levy
Year
Wnf
LA
(Received)
LA
(Unalloted'
1
Total
Certified
L
2002
$11400,432
$0
$13400,432
2 -� "� n
003
$656,737
$745,750
$1,402,487
2004
$656,737
$0
$656,737
2005
$955,355
$0
$955,355
2006
$911,838
$0
$911,838
2007
$722,075
$0
$722,075
2008
$227,971
$227,971
$455,942
2009
$389,836
$359,402
$749,238
2010
$174,580
$837,994
$1,012,574
2011*
$0
$x,173,9!03
$1,173,903
eneral Tax
Levy
(Received)
$4,034?297
enei
Leery
$4,261,183
$4,713,214
$57579,5001
$5X1,145
$6,102,192
$6,7757809
$6,813,230
$6,725,0
$679431
2010 2011
LGA (Received) - Amount of L the City actually received.
LGA (U n a I loted) - Amount of L of the Certified L amount) th at was retained by the State.
Total Certified L - Total amount of Local Government Aid certified by the Department of Revenue that the City Can
expect to receive during a given tax year.
*For 2011, it is expected that all of the LGA alloted to the City will be unalloted due to the large deficit facing the State.
19
CITY OF STIL[WAT]ER! MINNESOTA
TPLEND INFORMATION
(Past lo Years)
YEARLY BOND RATINGS
Each yea r the C|Lymuut borrow moneyon the u pen market forvahoue types ofpnojeots/ooquiaitions. Thabadarthe
City's bond rating, the lower the interest costs the City pays on its debt obligations. The City receives its bond ratings
from Moody's Investor Services*.
Below are the City's bond rating for the past 10 years -
Year
fRahqq
Year
Rathnq
2010
Aa2
2005
Al
2009
Ao3
2004
Al
2008
Ae3
2003
Al
2007
Ae3
2002
Al
2008
Aa3
2001
Al
*Moody's Investor ServiGes municipal bond ratings are defined as follows:
There are nine basic rating categories for long-term obligations. They range from Aaa (highest quality) to C (lowest
qusdity).Moody's applies numerical modifiers 1`2. and 3in each generic rating classification from AotoCea.The
Modifier indicates that the issue ranks in the higher end of its genericrating category, the modifier 2 indicates a mid-
range nanking;andthemndifier3[ndiootoathatthmimouenenbsinthe|ovvarondof\togeneh000tegory. (Note- for
ease of presentation, only a portion of the nine categories iopreoented)
Aaa Bonds that are rated Aaa are judged to be of the highest quality, with minimal credit risk.
Aa Bonds that are rated Aa are judged to be of high quality and are subject to very low credit risk.
A Bonds that are rated A are considered upper-medium grade and are subject to low credit risk.
Baa Bonds that are rated Bao are subject to moderate credit risk. They are considered medium grade and aasuch
may possess certain speculative characteristics.
Be8ondo that ane rated Ba arajudgedtoho»eepoou|at|veo|emenLoandanooubjeottoaubatonUa>ored1tdah.
B Bonds that are rated B are considered speculative and are subject to high credit risk,
Gae Bonds that are rated Caa are judged to be of poor standing and are subject to very high credit risk.
Ga Bonds that are rated Ca are highly speculative and are likely in, or very near, default, with some prospect of
recovery of principal and interest.
C Bonds that are rated C are the lowest rated class and are typically in default, with little prospect for recovery of
principal or interest.
BUDGET
SCHEDULES
THIS PAGE INTENTIALLY LEFT BLANK
General Fund
The General Fund serves as the chief operating fund for the Cite. It is used to account for all
financial resources except those required to be accounted for in another fund.
CITY OF STI LLW TE , MINNESOTA
.
B E A EA
? S,
FUNDING SOURCES F 2011 OPERATING EXPENDITURES*
Property Taxes
74% Franchise Fees
4%
Licenses & Permits
_.
Intergovernmental
;
h a rges for Servi ces
10%
Fines & Forfeits
Mi celIaneous 1
2011 OPERATING EXPENDITURES* B TYPE
Personnel Services
Supplies
Miscellaneous Services and Charges
1% 15%
*Operating Expenditures excludes Capital Outlay and Transfers Out.
4
CITY OF STILLWATER, MINNESOTA
GENERAiLFUND
SUMMARY OF REVENUES
AND EXPENDITURES
REVENUES:
Taxes
Franchise Fees
Licenses & Permits
Special Assessments
Intergovernmental
Charges for Services
Fines & Forfeits
Miscellaneous
Revenue Totals
EXPENDITURES:
General Government
Mayor & City Council
Elections
MIS Support Services
Finance
Administration
Legal/City Attorney
Plant/City Hall
Community Development
Unallocated
General Government Total
Public
Police
Fire
Inspections
Civil Defense
Public Safety Total
L-1 1�11 «s it 11 Itj
Street
Public Works Total
Expenditure Totals
Revenues over (under) Expenditures
OTHER FINANCING SOURCES (USES):
Transfers in
Sale of Property
Transfers (out.)*
Special Events Fund
Library Fund
Park Fund
Downtown Beautification Fund
DARE Fund
disc Grant Fund
Total Other Financing Sources (Uses)
Net increase in fund balance
Fund Balance - Jan I
Fund Balance - Dec 31
2010 2011
2009 ADOPTED ADOPTED
ACTUAL BUDGET BUDGET
$ 6,5141351
426,754
4341079
9,072
1,088,446
1,0851263
145)807
$ 6,566,717 $
430,000
368,520
7,000
881,986
986,820
130,900
A ^e•% r-r%r%
7,066,172
426,000
376,200
15,000
459,374
930,775
1009100
$ Increase
(Decrease)
$ 499,455
(4,000)
7,680
8,000
(422,612)
(56,045)
(30,800)
romtrl r%f%^%,
$ 9,949,539 $ 9,534,443 $ 99511,121 ' $ (23,322}
$ 841416
$ 83,621 $
79.1256
$ (4,365)
4280
41,814
4,230
(37,584)
205,208
276,241
245,1267
(30,974)
354,372
386,964
395,692
8,628
4751655
517,408
4583833
(58,575)
2747413
267,026
2773116
10,090
147,499
208,704
1753523
(33,181)
264,898
262,070
262,440
370
627,825
614,690
719,732
1051042
$ 27438,566
$ 2,658,538 $
21617,989
$ (40,549)
$ 2,739,872
$ 2,744,022 $
2,657,785
$ (86,237)
1,1441299
1,169,590
11101,825
(67,765)
236,151
n -400
252,674
" r%.4 01
246,889
ON &% .4 &
(5,785)
1^ %
4,129,810 $ 4,169,199 $ 41009,410 $ (159,789)
$
320,094 $ 342,543 $ 3509837 $ 8,294
A M -1 C 7 7 M" -1 n 14 11 ri n n n 0% .1 ro or ftr ill-7^
1,3351870 $ 1,353,575 $ 1,182,414 $ (171,161)
a� n n.4jrr nrkn M 4 nrn A e1A A MFOL.9 6%9%0% 01� 04 't ^ .4 -7 -7
404,644 $ 398,617 $ 200334 $ (198,283)
13,943 10,000 25,000 15,000
(32,500) (18,300) (181,300) -
(1,054,469) (11047,,676) (1, 20,90 26,767
(6997117) (695,772) (679y635) 16,137
(157000) (15,000)
(2,500) R -
(201) -
$ (1,370,200) $ (1,353,131) $ (175083510) $ (155,379)
$
675,093 $ - $ 192,798 $ 192,798
eJ CA n 4 f-1 4 A r)*14 4nA ■ ^-MA A#%A
25
THIS PAGE INTENTIALLY LEFT BLANK
CITY OF STILLWATER, MINNESOTA
2010
2009 ADOPTED
SUMMARY OF REVENUES ACTUAL BUDGET
TAXES:
Property Taxes
All Other Taxes
Taxes Total
FRANCHISE FEES:
LICENSES & PERMITS:
SPECIAL ASSESSMENTS:
INTERGOVERNMENTAL:
Federal:
Miscellaneous
State:
Local Government Aid
Market Value Homestead Credit
PEIAA State Aid
Police State Aid
Police Training Aid
Fire State Aid
MSA
Local:
Highway Aid:
Juvenile Officer Aid
Intergovernmental Total
CHARGES FOR SERVICE:
Fire Contracts
Admin Charges
Other Fees
Charges for Services Total
FINES & FORFEITS:
MISCELLANEOUS:
Interest
Property Rental
Other
Miscellaneous Total
Total Revenues
REVENUES
Fund: General
Fund Nlimber. loo
2011
ADOPTED
BUDGET
$ 6P3521378 $ 61490,217 61943pl72 $
161,973 76,500 123,000
$ Increase
(Decrease)
4521955
46,500
$ 6,5147351
$
615661717
$
71066�172
$
499,455
500
390,011
183,297
R
$ 426,754
$
430,000
$
426,000
$
(4,000)
$ 434,079
$
368,520
$
376j2OO
$
7,680
$ 9,072
$
7,000
$
157000
$
8,000
27
103727
$
21000
$
25500
$
500
390,011
183,297
R
(183,297)
238,947
2341815
(234,815)
15,874
15,874
15,874
155,277
150,000
1507000
9,118
8,500
8,500
100,920
120T000
100,000
(20,000)
132,784
130,000
145,000
15?000
-
3,500
37500
-
34,788
343000
34,000
$
1,088,446
$
881,986
$
459,374
$
(422,612)
$
313,902
$
323,320
$
302,775
$
(20,545)
1021000
1027000
102,000
669,361
561 x500
520,000
(35,500)
$
11085,263
$
986,820
$
9302775
$
(56,045)
$
145,807
$
130,900
$
100,100
$
(30,800)
$
53,306
$
95,000
$
50,000
$
(45,000)
-
-
20,000
20,000
192,461
67,500
67a500
-
$
245,767
$
162,500
$
137o600
$
(25,000)
$
9,949,639
$
91534,443
$
935111211
$
(23,322)
27
CITY OF STILLWATER, MINNESOTA
MAYOR & CI'I`YCOUNCIL d
Fund: General
Account Number: 100-4000
Department Descri n:
The City Council, which consists of the Mayor and four Council Members, is the governing body responsible for
directing the activities of the City: The Council meets in open forum on the first and third Tuesday of every month.
2011 Staffing Level:
_Part-Time (Benefitted) 5.0 Number of Positions
2011 Budget Im acts:
- Personnel costs include a 19.26% increase in health insurance rates, and a 10% increase in dental insurance
Contractual services consist of contracted lobbyist services.
Memberships & Dues include m e rn be rs h 1 ps to the League of MN Cities (L MC) and th e Gre ater Area Chamber of
Commerce.
Me,
SUMMARY OF EXPENDITURES
PERSONNEL SERVICES:
Salaries - Part Time
Benefits
Personnel Services Total
SERVICES AND CHARGES,
Contractual
they
Total Services and Charges
MISCELLANEOUS:
Memberships & Dues
Other
Total Miscellaneous
Total Expenditures
CITY OF STILLWATER, MINNESOTA
MAYUR & CITY COUNCIL
Fund: General
Account Number: 100-4000
2010 2011
2009 ADOPTED ADOPTED $ Increase
ACTUAL BUDGET BUDGET (Decrease)
$
37,801
$
37,800
$
37,800
$
-
21,748
17,342,
19,766
2,424
$
59,549
$
55,142
$
57;566
$
2,424
$
1,560
$
21500
$
25000
$
(500)
8,614
81759
4,390
(4,369)
$
101174
$
11,259
$
6,390
$
(4,869)
$
18,286
$
15,220
$
13,300
$
(1,920)
1T410
2,000
211000
$
14,693
$
17,220
$
151,300
$
(1.,920)
$
84,416
$
83,621
$
79,250
$
(4,365)
20
CITY OF STILLWATER, MINNESOTA
ELECTIONS
Fund: General
Account Number: 100-4010
Department Description;
:0
The Elections Department administers required primary, general and special elections held in the City- The City has
four (4) wards with nine (9) voting precincts as follows:
Number of
Ward Voting Precincts_
1 2
2 3
3 2
4 2
Total 9
2011 Budget Impacts:
- 2011 is not an election year.
- Services and Charges includes maintenance costs with Washington County on voting machines,
30
CITY OF STILLWATER, MINNESOTA
81
E CI ONS
Fund: General
A'out N -iiber: 100-4010
2010
2011
2009
ADOPTED
ADOPTED $ Increase
SUMMARY OF EXPENDITURES
ACTUAL
BUDGET
BUDGET (Decrease)
PERSONNEL SERVICES:
Salaries - Full Time
$
$
1,600
$
$ (1,600)
Salaries - Part Time
285000
(28,000)
Benefits
234
(234)
Personnel Services Total
$
$
29,884
$
$ (29,834)
SUPPLIES:
$ -
$
750
$
$ (750)
SERVICES AND CHARGES:
$ 4,280
$
8,730
$
41230 $ (4,500)
MISCELLANEOUS:
$ -
$
2,500
$
$ (2,500)
Total Expenditures
$ 4280
$
41,814
$
4,230 $ (37,584)
81
CITY STILLWATER, MINNESOTA
MIS SUPPORT SERVICES
Rind: General
Account Number: 100-4020
Department Description:
MIS Support Services provides the for purchasing, installation, and support of communication and information
2011 Staffing Level:
Full-Time (Benefitted) 1 81 FTE �Ful I Ti me.Equ ivalents)7
2011 Budget Im acts:
Personnel costs include COLA on wages, a1Q.26%increase in health insurance rates, and a1U% increase in
dental insurance rates.
- Personnel costs include e State mandated contribution rate increase to PERA Beginning January 1, 2011, the
employers contribution to the plan will increase from 7.0% to 72596 for the Coordinated Plan,
Maintenance Agreements include: Arc View Lioenmea. Quick Access, firawoU. SQLSA, postage maohine, oopianu.
backup exec and diakheepor for servers.
SUMMARY OF EXPENDITURES
PERSONNEL SERVICES:
Salaries - Full Time
Benefits
Personnel Services Total
SUPPLIES:
Software
Other
Total Supplies
SERVICES AND CHARGES:
Internet
Professional Services
Maintenance Agreements
Other
Total Services and Charges
CAPITAL OUTLAY:
Computer Equipment
Total Capital Outlay
Total Expenditures
CITY OF STILLWATER, MINNESOTA
MIS SUPPORT SERVICES
Fund: General
Account Number: 100-4020
33
2010
2011
2009
ADOPTED
ADOPTED
$ Increase
ACTUAL
BUDGET
BUDGET
(Decrease)
$
115,192
$
1161982
$
1179842
$
860
27992
28,733
31,292
2,559
$
143,184
145,715
$
1490134
$
3,419
$
1,095
$
31000
$
32000
$
-
690
4,300
47300
$
1,735
$
7,300
$
7,300
$
-
$
21995
$
3,000
$
3�280
$
280
236
2,009
2,000
-
1 3,754
147400
15,700
1,300
890
1 ,326
2x'1'18
292
$
17,875
$
21,226
$
23,098
$
1,872
$
42,364
$
102,000
$
65;735
$
(36,265)
$
42,364
$
1027000
$
650735
S
(36,265)
$
205,298
$
276,241
$
245,267
$
(39.974)
33
CITY OF STILLWATER, MINNESOTA
FiNANCE
Fund: General
AcoonntNunzber zoo
Department Description:
The Finance Department accounts for the financial operations of the City and assists the City Treasurer with treasury
operations and debt management.
2011 Staffing Level:
Full-Time (Benefitt�Ldj_ I 3-51FTE (Full Time Equivalents)
2011 Budget Impacts:
-permmnne/ costs include 0% COLA on wages, a 19-26% increase in health insurance rates, and a 10% increase in
dental insurance rates.
Personnel costs include o State mamdetod000bibutionratoinoreometoPERA Beginning January 1`2O11.the
employers contribution to the plan will increase from 7.0% to 7.25% for the Coordinated Plan.
Maintenance Agreements include: City's accounting software, credit card processing and the City's webstore.
Professional Services include costs for actuarial services. Actuarial services are used to obtain the City's financial
obligation for other posternployment benefits required for financial reporting by GASB #43 & #45. Actuarial services
are also used for obtaining a refund through the Retiree Drug Subsidy program,
CITY of STILLWATER, MINNESOTA
.
FINANCE
Fund: General
Acc un Num r: 100-4030
2010
2011
2009
ADOPTED
ADOPTED
Increase
SUMMARY OF EXPENDITURES
ACTUAL
BUDGET
13UDGET
(Decrease)
PERSONNEL NEL SERVICES:
Salaries - Full Time
$
226,586
$
230,872
$
234,193
31321
Benefits
53,796
60,863
079743
7,080
Personnel Service Total
$
2851382
$
2911535
$
3019936
10,401
SUPPLIES.
$
4,758
5,300
49300
$ 1 ,000)
SERVICES AND CHARGES:
Auditing
$
32,188
33,000
$
383000
$ -
Professional Services
4f788
31500
62000
2,500
Maintenance Agreements
18,826
21 ,000
21,800
300
Other
7,022
11,429
7,406
t 2
Total Services and Charges
$
627804
$
88,929
6$1206
(723)
MISCELLANEOUS:
$
17423
$
1,200
7$
1 1
50
CAPITAL OUTLAW:
Computer Equipment
$
-
20,000
20,000
$ -
Total Capital Outlay
$
-
$
20,000
$
20,000
-
Total Expenditures
$
3541372
$
3881984
$
396$92
8,828
CITY OF STILLWATER, MINNESOTA
ADmINISTRATION
Fund: General
Account Number- 100-4040
Department Description:
The Administration Department is responsible for carrying out the policies and actions of the City Council. The City
Administrator also acts as the City Treasurer.
2011 Staffing Level:
Full-Time (Benefitted) 3.4 FTE (Full Time �_quivalents)
Part-Time (Non-Benefitted) 1. 0 Number of Postions
2011 Budget Im acts:
-Persmnnm/ costs include COLA on wages, a 19.26% increase in health insurance rates, and a 10% increase in
dental insurance rates.
Personnel costs include a State mandated contribution rateinoraamotoPERA Beginning January 1.2O11 the
employers contribution to the plan will increase from 7.0q& to 7.25% for the Coordinated Plan,
- Printing and Publishing costs provide for I City newsletter during the year.
'/\aeeas/ng costs are property valuation services provided by Washington County, These valuations are then used
during the property taxation process.
Professional Services include services fees provided to the City labor relation consultants, Safety Training and the
Employee Assistance Program.
SUMMARY OF EXPENDITURES
PERSONNEL SERVICES:
Salaries - Full Time
Salaries - Part Time
Bel its
Personnel Services Total
SUPPLIES:
SERVICES AND CHARGES:
Assessing
Professional Services
Printing and Publishing
Other
Total Services and Charges
MISCELLANEOUS:
CAPITAL OUTLAY:
Computer Equipment
Total Capital Outlay
Total Expenditures
CITY OF STILLWATER, MINNESOTA
ADMINISTRATION
Fund: General
Account Number: 100-4040
2010 2011
2009 ADOPTED ADOPTED $ Increase
ACTUAL BUDGET BUDGET (Decrease)
$
2801239
$
280,090
$
242)404
$
(37,686)
3,338
4,000
4,000
-
64,590
66,211
67633
1,422
$
348,467
$
350,301
7
3143037
$
(36,264)
$
1 P827
$
4,000
$
31500
$
(500)
$
88,150
$
88,150
$
90,000
$
1,850
5,865
30,000
157000
(15,000)
7)176
71000
73000
-
18,971
24,357
24,546
189
$
120,162
$
149,507
$
136,546
$
(12,961)
$
2,368
$
3,700
$
3250
(450)
$
2,831
$
91900
$
11500
$
(8,400)
$
2,831
$
9., 900
$
17500
$
(8,400)
$
475,655
$
517,408
$
458,833
$
(58,575)
37
CITY OF STILLW►TER, MINNESOTA
LEGAL /CITYATORNEY
Fund: General
Account Number: 100-4045
Depa_rtment Description.
The City has on retainer (paid through payroll with PIA benefits deducted) a law firm that provides prosecution
services and legal counsel to the City Council and the City Staff for City related issues.
2011 Staffing Level:
Part-Time (Non-Benefitted) 1 1.01 Number of Postions
2011 Budgelm acts:
- Personnel costs include COLA on wages, a 19.26% increase in health insurance rates, and a 10% increase in
dental insurance rates.
- Personnel costs include a State mandated contribution rate increase to PERA , Beginning January 1, 2011, the
employers contribution to the plan will increase from 7.0% to 7.25% for the Coordinated Plan.
N otes:
- LegallProsecution costs are partially recovered through restitution fees. These fees are recorded as Fines and
Forfeits-Ordinance Violations in the revenue section of the General Fund.
38
CITY OF STILLWATER, MINNESOTA
39
GAL /Ci AToRNEY
Fund: General
Account Number: loo-,o45
2010
2011
2009
ADOPTED
ADOPTED
$ Increase
SUMMARY OF EXPENDITURES
ACTUAL
BUDGET
BUDGET
(Decrease)
PERSONNEL SERVICES:
Retainer
$
98,882
$ 101,585
$
101Y585
$ -
Benefit
24,279
25,560
28,852
37292
Personnel Services Total
$
123,161
$ 1271145
$
130,437
$ 31292
SUPPLIES-
$
2,900
$ -
$
1 X600
$ 1,500
SERVICES AND CHARGES:
Legal/Prosecution
$
136,821
$ 1373000
$
137,000
$ -
her
11,460
2,881
8,079
5,198
Total Services and Charges
$
148,281
$ 139,881
$
1455079
$ 5,198
MISCELLANEOUS:
$
71
$ -
$
100
$ 100
Total Expenditures
$
274,413
$ 267,026
$
277J 16
$ 10,090
39
CITY OF STILL WATER, , MIN ESOTA
P NT HAL
pp,
A
LA
Account Fund: General
Number:
Department Description.
Plant/City Hal[ provides boiler, HVAC, and general building maintenance including janitorial services for City Hall.
2011 Budget Impacts:
- Professional Services include the contracting of janitorial services.
- Maintenance Agreements include: HVAC system, boiler maintenance, fire extinguisher maintenance, alarm
monitoring system, and elevator maintenance.
SUMMARY of EXPENDITURES
SUPPLIES:
SERVICES ES AND CHARGES:
Contractual
Other Professional Services
Telephone
Electricity
Natural Gas
Maintenance Agreements
Other
Total Services and Charges
MISCELLANEOUS:
CAPITAL OUTLAY:
Improvements
Machinery & Equipment
Total Capital Outlay
Total Expenditures
CITY of STILL WATER, MINNESOTA
PLANT /CITY HALL
Fund: General
Account Number: 1-00-401;0
2010 2011
2009 ADOPTED ADOPTED $ Increase
ACTUAL BUDGET BUDGET (Decrease)
$
9 1340
$
81300
12,800
41500
331147
$
257000
25,000
-
7 0
10,000
5,000
51000)
817603
14,000
01000
(81000)
34,011
361750
35,500
(11250)
15,582
25,000
20,000
5, 000)
7216
171500
17,500
-
1 8,554
22,654
17,823
{5,031
$
118,023
150,904
$
125,523
$
(24,281)
394
$
500
700
$
200
$
18,274
$
491000
35,400
$
13,000)
1 ,462
-
wh
191736
$
49,000
35,400
$
1 3,000)
$
1471499
$
2081704
75,523
(3351 81)
41
CITY OF STILLWATER, MINNESOTA
CommuNiTYDEVIELOPMENT A
Fund: General '' W.
Account Number: ioo -405
Department Description;
The Community Development Department is responsible for zoning administration r comprehensive planning, historic
preservation and economic development/redevelopment. The department assists the citizen committees of the
Planning Commission, Parks s Board, Heritage Preservation Commission, Downtown Parking ing Commission and ,point
Stillwater Township City Planning Board in carrying out their responsibilities,
2011 Staffing Level:
Full -Time Benefitted ) 2.5 1 FTC Fu[I Time Equivalents)
2011 Bud-get Imp acts:
- Personnel nests include % COLA on wages, a 19.26% increase in health insurance rates, and a 10% increase in
dental insurance rates.
- Personnel costs include a State mandated contribution rate increase to PIMA . Beginning January 1, 2011, the
employers contribution to the plan will increase from 7.0% to 7.25% for the Coordinated Plan.
2
CITY OF STILLWATER, MINNESOTA
43
ommuNi Y JVIE O M NT
Fund: General
Account Number. 10 -
04055
2010
2011
2009
ADOPTED
ADOPTED
$ Increase
SUMMARY OF EXPENDiTURES
ACTUAL
BUDGET
BUDGET
(Decrease)
PERSONNEL SERVICES:
Salaries - Full Time
$
183,890
$
184)165
$
185,609
$ 1,444
Benefits
46,392
47,379
52,726
5t347
Personnel Services Total
$
230,192
$
231,544
$
238,335
$ 61791
SUPPLIES:
$
3,376
$
6,909
$
5;400
$ (11500)
SERVICES AND CHARGES:
Other Professional Services
$
20,000
$
11500
$
+1,500
$ -
Other
9,571
14,426
12,705
(11721)
Total Services and Charges
$
297571
$
151926
$
142205
$ (1 J721)
MISCELLANEOUS:
$
1,759
$
2,500
$
3,000
$ 500
CAPITAL OUTLAY:
Computer Equipment
$
-
$
51200
$
11500
$ (3,700)
Total Capital Outlay
$
-
$
57200
$
1,500
$ (3 r700)
Total Expenditures
$
264,898
$
2621070
$
262$440
$ 370
43
CITY of STILLW TER, MINNESOTA
LICE r
Fund: c�. General+
Account Number: 10 - o o +
Department Description:
The Police Department provides law enforcement services and education to its citizens.
2011 Staffing Level
Full -Time Benefitted
22.75
)=TE (Full Time E uivalents
Part -Tire Non - Benefitted
2.00
Number of Positions
2011 Budget Impacts:
- Personnel costs include 0% C 0 L on wages, a 19.26 % increase in health insurance rates, end a 10% increase in
dental insurance rates.
- P r onnel costs include a State mandated contribution rate increase to PERA . Beginning Januar y 11 2011, the
employers contribution to the plan wi ll increase from 7.0% to 7.25% for the coordinated Plan and from 14.1 % to
14.4% for the Police and Fire Plan.
- Terminal Access Charge - include costs for access to the County and State record system.
-- 800 Mhz Radio Service - is new mandatory radio service implemented by Washington County.
-- General Insurance includes insurance costs for worker's compensation, property and general liability insurance for
the department.
44
SUMMARY of EXPENDITURES
PERSONNEL SERVICES:
Salaries - Full Time
Overtime - Full-Time
Salaries - Part Time
Benefits
Personnel Services Total
SUPPLIES:
Automotive Fuel
Other
Total Supplies
SERVICES AND CHARGES:
800 Mhz ludic Service Fee
Terminal Access Charges
General Insurance
Maintenance Agreements
Other
Total Services and Charges
MISCELLANEOUS;
CAPITAL OUTLAY:
Machinery & Equipment
Computer Equipment
Automotive Equipment
Total Capital Outlay
Total Expenditures
CITY F STILL WATE , MINNESOTA
POLICE
Fund: General
Account Number: ioo -4o6o
45
2919
2011
2999
ADOPTED
ADOPTED
Increase
ACTUAL
BUDGET
BUDGET
(Decrease)
$
13597,717
$
126191190
'1,5791853
(39,537)
1262416
981000
95,000
38,642
40x099
40 #000
5627691
803,590
6951844
32,254
$
21325,405
21317,780
$
21310,497
$
(71283)
$
47,572
70,000
70,000
$
-
163895
31,000
31,000
-
64,487
$
1 01,009
$
1 012000
$
$
17,089
$
15,000
$
16,000
$
-
29,4
261500
25,500
-
7,79
811392
86,438
57046
6,000
5000
-
9, 48
63,500
73 #500
10$000
1821510
$
192,392
207Y438
15,046
211201
$
13,950
13,950
r
$
24 1792
$
-
$
-
$
-
221756
287999
24,900
(41000)
981680
901000
-
(90,000)
$
146,228
$
118,900
$
24,900
(94, 000)
$
23739,872
21744,922
$
21857,786
$
(88,237)
45
CITY OF STILL DATE , MINNESOTA
Fuld: General .. �.
Account Number: er: x.00 -4070
Department Description:
The Fire Department provides fire protection services and education to its residents along with Stillwater Township
and a portion of the residents of City of Grant and May Township.
2011 Staffing Level:
Full -lime (Benefitted) 8.25 FTE (Full Time Equivalents)
Part -Time (Non- Benefitted) 33.00 Number of Postions
2011 Bud-get Im acts:
Personnel costs include 0% COLA on wages, a 1 9.26% increase in health insurance rates, and a 10 % increase in
dental insurance rates.
Personnel costs include a State mandated contribution rate increase to PER A. . Beginning January 1, 2011, the
employers contribution to the plan will increase from 7.0% to 7.25% for the Coordinated Plan and from 14.1 % to
800 Mhz Radio Serer " - is a new mandatory radio service implemented by Washington County.
- General Insurance includes insurance costs for worker's compensation, property and general liability insurance for
the department.
Notes:
-The Stillwater Fire Department also provides fire protection services to Stillwater Township and to portions of City of
Grant and May Township. Reimbursement ment for these services is provided by a contractual agreement and recorded
as Charges for Services -Fire Contracts in the revenue section of the General Fund.
4
SUMMARY OF EXPENDITURE
PERSONNEL SERVICES:
Salaries.. Full Time
Overtime - Full -Time
Salaries - Fart Time
Benefits
Personnel Services Total
APPLIES:
Automotive Fuel
Other
Total Supplies
SERVICES AND CHARGES:
800 Mhz Radio Service Fee
General Insurance
Vehicle Repair Charges
Other
Total Services and Charges
MISCELLANEOUS:
CAPITAL INLAY:
Improvements
Machinery & Equipment
Computer Equipment
Automotive Equipment
Total Capital Outlay
Total Expenditures
CITY OF STILLWATE , MINNESOTA
FiRE
Fund: General
Account Number. goo -
47
2010
2011
2009
ADOPTED
ADOPTED
$ 1ncrease
ACTUAL
BUDGET
BUDGET
(Decrease)
880,973
$
5817810
$
634,291
$
(47,525)
871297
481294
480987
693
118,769
119,090
1101000
-
1 88,898
2071198
207,951
755
$
9281839
9471398
$
901,229
(48,077)
$
9,521
$
171000
$
17 0 0
$
..
169752
10,859
18 #850
-
$
28,273
33,859
33,860
$
-
$
13,316
14,590
$
16,800
$
2,300
53,187
50,017
52 497
(31520)
281153
18,000
20,000
21000
2'1,483
22,850
289800
21759
$
116,119
$
1117367
$
114,897
31830
$
31898
4,150
4218
-
$
-
17,842
17,842
..
17 #962
39,000
25,157
(13,843)
14,957
18,075
47700
(11,375)
397251
-
-
-
72,170
$
727917
47,899
$
(25,218)
111 01,825
$
11169,590
$
(67,765)
19144,299
47
CITY OF STILLWATER, MINNESOTA
INSPECTIONS
Fund: General
Account Number: 100-4080
Department Description:
The Inspections Department provides technical assistance, plan review services and plumbing, mechanical and
building inspections services for code compliance.
2011 staffing Level:
Full -Time enefitted 2. FTC Full Time Equivalent s
2011 Budget Impacts:
- Personnel costs Include 0% COLA on wages, a 1 9.26% increase in health insurance rates, and a 10% increase in
dental insurance rates.
- Personnel costs include a State rnandated contribution rate increase to PERA . Beginning ,January 1, 2011, the
employers contribution to the plan will increase from % to 7.25% for the Coordinated Plan.
Notes:
- The Building Permit Surcharge expenditure line item is the disbursement of the mandatory fees collected with
building permits to the State of Minnesota. These fees collected are recorded as Charges for Services - Buildings Permit
Surcharge in the revenue section of the General Fund.
SUMMARY Y F EXPENDITURES
PERSONNEL NNEL SERVICES:
Salaries - Full Time
Overtime - Full --Time
Benefits
Personnel Services Total
SUPPLIES:
SERVICES AND CHARGES:
Building Permit Surcharge
Other
Total Services and Charges
MISCELLANEOUS:
CAPITAL INLAY:
Computer Equipment
Total Capital Outlay
Total Expenditures
CITY OF STILLII ATER, MINNESOTA
INSPECTIONS
Fund: General
Account Number: 100-4080
2010 2011
2009 ADOPTED ADOPTED $ Increase
ACTUAL BUDGET BUDGET (Decrease)
$
1581852
$
1593840
$
1 58,640
$
(1 1200)
3,237
-
-
-
4 ,909
431594
48,811
5,217
$
204 1998
2031434
$
207,451
4,01
$
2,960
,0
61000
$
-
$
15,888
$
15,000
15,000
$
-
8,0 8
131290
17,688
4,298
$
24,548
$
28,290
32,588
41298
435
$
850
$
850
$
-
3,212
$
14,100
-
$
(14,100)
3121
141100
-
$
14,100)
$
2361151
2527674
246x889
$
(51785)
49
CITY OF STILLWATE , MINNESOTA
CrvILDEFENSE
Fund: General
Account Number: x --4085
De artment Description.
The Civil 'Defense Department provides for the maintenance of the City's civil defense warning system.
Notes:
- The City maintains civil defense sirens located at: 1 1419 4th. Street; 116 Willard Street 1111; 900
Nighten ale Blvd; � 200'1 Willard Street w; and 13300 McKusi i d Ln N.
0
SUMMARY OF EXPENDITURES
SUPPLIES:
SERVICES AND CHARGES:
MISCELLANEOUS:
CAPITAL OUTLAY:
Machinery & Equipment
Total Capital Outlay
Total Expenditures
CITY OF STILLWATER, MINNESOTA
CIVIL DEFENSE
Fund: General
Account Number: 100-4085
51
2010
2011
2009
ADOPTED
ADOPTED
$ Increase
ACTUAL
BUDGET
BUDGET
(Decrease)
$
69
$
100
$
100
$ -
$
524
$
2,263
$
22261
$ (2)
$
445
$
550
$
550
$ -
$
8,450
$
-
$
-
$
$
M50
$
-
$
$ -
$
21913
$
2$911
$
9,488
$ (2)
51
CITY OF STILL1IATE, MINNESOTA
NGINEERING
Fund: General
,account Number: 100 -4090
Department Description:
The Engineering Department provides for the coordination, administration, and engineering of the City's
transportation and utility infrastructure. The Department is supported by fees charged to developers and City
projects.
2011 Staffing Level:
Full - Time Benefitted FTC Full Time Equivalents)
2011 Budget Impacts:
Personnel costs include 0% COLA can wages, a 19.26% increase in health insurance rates, and a 10% increase in
dental insurance rates.
P r onnel costs include a State mandated contribution. rate increase to PERA . Beginning January 1, 2011, the
employers contribution to the plan wi[E increase from 7. 0% to 7.25 % for the Coordinated Plan.
General Insurance includes insurance costs for worker's compensation, property and general liability insurance for
the department.
Notes:
Reimbursement of fees charged to projects are recorded as Engineering Charges in the revenue section of the
General Fund.
5
CITY OF STILLWATER, MINNESOTA
ENGINEERING
Fund: General
Account Number: ioo- 090
2010 2011
2009 ADOPTED ADOPTED $Increase
SUMMARY OF EXPENDITURES ACTUAL BUDGET BUDGET (Decrease)
PERSONNEL EL EF V'ICES:
Salaries - Full Time
Overtime - Full -Tim
Benefits
Personnel Services Total
SUPPLIES:
Automotive Fuel
Hydrants
Other
Total Supplies
SERVICES AND CHARGES:
Consulting Engineer
General Insurance
Other
Total Services and Charges
MISCELLANEOUS:
CAPITAL OUTLAY:
Computer Equipment
Total Capital Outlay
Total Expenditures
231,100
234,256
2373r667
31411
1
41000
2,000
(21000)
65,663
681492
763243
7,751
296,824
$
308,748
$
315,910
91132
1,557
$
21500
$
21500
$
61434
41500
3,800
(700)
455
41550
11800
(2,750)
81446
$
11 T550
$
8j 00
$
(31450)
-
800
800
w
103 824
147840
17,977
31137
31368
51050
47660
(400)
$
14,19.2
201690
231427
2,737
$
632
111
13000
$
1
-
$
2,400
21400
-
$
-
2,400
2,400
3299094
3429543
3513837
87294
CIT Y OF STIL.LIIII', TE , MINNESOTA
ST ETS
Puna: General
Account Number: 100-4100 `
Department Description:
The Streets Department provides ongoing maintenance of the City's street system and City vehicles and equipment.
2011 staffing Level:
Full -Time Benefitted FTE (Full Time Equivalent
2011 Budget Impacts:
- Per onnel costs include 0% C 0 LA on wages, a 19.26 % increase 1n health insurance rates, and a 10% increase in
dental insurance rates.
- Personnel costs include a State mandated contribution rate increase to PEI A . Beginning January 1, 2 0111 the
employers contribution to the plan will increase from 7.0% to 7.25% for the Coordinated Plan.
- Seal coating aching of $125,000 will seal coat roughly 6-7 miles of streets. Seal coating is a common
preventive maintenance tool that extends the life of the street. The City's goal is to seal coat a street every 7 gears.
With the City having 80 miles of streets, an estimated 11 . miles of streets needs to be seal coated every gear. The
goal of the City Council is to gradually increase the budget amount of seal coating every year to get to the 11.5 miles
of seal coating every gear. NOTE: For 2011 this program was postponed. A study by several cities is being
conducted to judge the integrity of the supplies being used in the industry.
- Contractual includes the following: utility locates, cleaning services at the Public Works Building, wireless service,
downtown snow removal, hazardous material disposal, and fire system inspections.
- General Insurance includes insurance costs for worker's compensation, property and general liability insurance for
the department.
- Maintenance A re rrrents includes the following agreements: HVAC maintenance, printer maintenance, fire
extinguisher maintenance and fleet maintenance software Car egra .
CITY OF STILL HATER, MINNESOTA
TA
9
i
d
STREETS
Puna. General
Account Number. 100 -41
2010
2O11
2009
ADOPTED
ADOPTED
$ Increase
SUMMARY F EXPENDITURES
ACTUAL.
BUDGET
BUDGET"
(Decrease)
PERSONNEL SERVICES:
Salaries - Full Time
$
379,840
$
3441101
$
339,82'
$
(41230)
Overtime - Full -Time
92524
87000
8,000
-
Salarls - Part Time
49208
131800
-
(13,800)
Benefits
105,422
1171320
130,955
13,030
Personnel Services Total
4997002
$
4833221
$
478,777
$
(4,444)
SUPPLIES;
Asphalt
321912
$
401000
$
360000
$
(5,000)
Sand & Salt
58,207
72,000
649000
(31000)
Automotive Fuel
397204
501000
50,000
-
Equiprent Repair Supplies
201529
30,000
30,000
-
Other
137379
501000
34,000
10,000
Total Supplies
1641291
242,000
$
213,000
$
(29,000)
SERVICES AND CHARGES:
Contractual
$
251804
$
321000
$
205,000
(12,000)
General Insurance
48,038
487111
50,750
2,039
Maintenance Agreements
5t930
81000
7,250
(750)
Seal Coating /Patching
1041039
1251000
-
(125,000)
Other
409410
003800
53,300
(7,500)
Total Services and Charges
$
2241221
$
273,911
$
1312300
$
(142,011
MISCELLANEOUS:
$
51080
7700
7,300
$
(400)
CAPITAL OUTLAY:
Improvement
51950
-
$
r
$
-
Ilachinery & Equipment
11 5,91 1
-
Computr Equipment
-
41200
1,200
Automotive Equipment
341
-
w
-
Total Capital Outlay
$
123,202
$
4,200
$
1,200
$
Total Expenditures
$
110151776
$
110111032
031,577
$
(178,455)
CITY of STILLW TE , MINNESOTA
UNALLOCATED }
Fund General
Account Number- 100-4140
artment Description.
.De Unallocated expenditures are those expenditures that can not be specifically assigned to a certain department.
2011 Bud-get Imp acts:
Retiree HospitallMedical benefits include a 19.26% increase in health insurance rates.
- The Fire Relief Association line item expenditure is the disbursement of the Mate of Minnesota's minimum
support rate to the Stillwater Fire Belief Association's pension plan. Support rates are established by the State
Legislature. Receipt of these funds from the State are recorded as Inter ov mmental -Fire Stale Aid in the revenue
section of the General Fund.
Notes:
Retiree Flo pi al 1l edic l benefits are post health care benefits available to employees who were hired prior to
December 31, 19 8 8, are eligible for PEA retirement benefits, and been ern plyed with the City fo 10 years or more.
At the end of 2010, there were 43 participants and 14 employees currently employed and eligible for the benefit.
CITY F STILL WATER, MINNESOTA
UNALLOCATED
Fund: General
Account Number: 100-4140
2010 2011
2009 ADOPTED ADOPTED $increase
SUMMARY OF EXPENDITURES ACTUAL BUDGET BUDGET (Decrease)
PERSONNEL SERVICES:
Retiree Hospital/Medical
SERVICES AND CHARGES:
Community Thread (aka CV S)
Youth Service Bureau
Fire Relief Association
Other
Total Services and Charges
MISCELLANEOUS:
Contingency
Other
Total Expenditure
445,784
4911340
596,382
$
1057042
15,275
-
$
R
$
-
33,800
-
1001870
120,000
10 1r 00
(20,000)
102
350
360
1507047
120,850
'100,350
(20,000)
$ -
$
81000
'1,0
$
(21000)
31 ,994
--
22,000
221000
$ 31,994
8,000
$
23,000
$
29,000
$ 6272825
6141090
$
719,732
$
1051042
7
THIS PAGE INTENTIALLY LEFT BLANK
Special Revenue
Funds
Special Revenue Funds are used by the City to account for revenues derived from specific
revenue sources, They are usually required by state statute, charter provisions, local ordinances
to finance particular functions or activities of a government.
CITY F STILLWATE , MINNESOTA
tea,
SPECIAL
C) r f C� 00
FUNDING SOURCES FOR 2011 OPERATING EXPENDITURES*
Intergovernmental
1%
Charges fo, r Services
ti
a�
Miscellaneous
Transfer -In General
Fund
50%
2011 OPERATING EXPENDITURES* Y TYPE
Supplies
Services and Charges
r_
Personnel Services
42%
Miscellaneous
'a
*Operating Expenditures excludes Capital Outlay and Transfers Jut.
All
CITY OF STILL HATER, MINNESOTA
SPECTAL REVENUE FUNDS
2010 2011
SUMMARY OF REVENUES 2099 ADOPTED ADOPTED $ Increase
AND EXPENDITURES ACTUAL BUDGET BUDGET (Decrease)
REVENUES:
Licenses & Permits $ 1 X049 1,000 $ 11000 -
Intergovernmental 34,050 341050 341050
Charges for Services 116991772 11605#100 1 6051800 700
Interest Earnings 26,808 45,090 263000 (19,000)
Miscellaneous 931091 83 }900 90,710 61810
Revenue Totals $ 1,854,770 $ 1,769,050 $ 1,757 #500 $ (111490)
EXPENDITURES:
Public Safe
DARE $ 1,728 11500 $ 500 $ (11000)
Public forks
Washington County Recycling Grant $ 18,192 $ 34,050 $ 36,650 $ 21900
Culture & Recreation
Special Events $ 109,600 $ 983300 $ 98,300 $ -
St Croix valley Recreation Center 1,388,318 114071461 11319x949 (87,512)
Library 1,1081304 1,192,776 111 86509 (71267)
Parks 7622181 9161622 882,935 (33,687)
Culture & Recreation Total $ 31368,403 $ 3,615,159 $ 314869693 $ (128,466)
Total Expenditures $ 313881323 $ 3:650,709 3,523,243 (127,466)
Revenues over (under) Expenditures (115331553) $ 1 #881,659) $ ('1, 65,683) $ 118,976
OTHER FINANCING SOURCES (USES):
Transfers in;
General Fund $ 11788,586 $ 117613748 $ '1,33,8{44 100,540
Capital Outlay Bond Proceeds 1473039 3931150 268,900 1147090
Transfers (out):
Debt Service (457,809) (2743239) (213,751 ) 609488
Sale of Property 990 - -
Capital Lease Proceeds 51,324 - - w
Other Financing Sources (Uses) Total $ 11539,130 $ 118801659 11788,993 $ 275,628
Net increase in fund balance $ (39423) (11900) $ 23,310 247310
Fund Balance - Jan 1 11717185 1,713172 11712 ,v762 (1,000)
Fund Balance -- Dec 31 $'1,713,762 $ 1,7122762 1,736,072 $ 231310
1
CITY of STILL W TE , MINNESOTA
ESOT
SPECIALEvENTs
1BF4
Fund 4
Type: Special Revenue
Fund Number: 200 .�3
Fund Des riotio n:
The Special Events Fund accounts for special events held within the City.
Fundin
Primarily financed with donations, reimbursement of services and a transfer (operating) from the General Fund.
2011 Bud-get Impacts:
- Ticket Sales - In order to defray costs associated with the Lumberjack Days Event, an access ticket charge was
implemented with the 20 0 B-201 2 Lu m berjack Days Agreement (refer to section 5 .h. of the agreement for further
details) that provides the City with 35% of the grass ticket sales. This agreement was approved by the City Council
on December 3, 2007 by resolution 007- 232).
- Fireworks consists of a City contribution of $40,000 and contributions from other sources of $15,000.
- Contribution is a contribution to the Art leach program.
Policing services are services provided by outside Police Departments for major events held within the City limits.
These services are sometimes reimbursed by the event holders.
2
CITY OF STILLWATE , MINNESOTA
3
SPECIALEVENTS
Fund Type: Special Revenue Fuck
Fund Number 200
2010
2011
SUMMARY F REVENUES ENUES
2009
ADOPTED
ADOPTED
$ Increase
AND EXPENDITURES
CTU L.
BUDGET
BUDGET
(Decrease)
REVENUES:
UES:
Charges for Services:
Ticket Sales (LJD)
$
-
$
45,000
45,000
$
Miscellaneous:
Donations
$
331000
$
15,000
$
16,000
$
Refunds Reimbursements hursements
2'1 , 91
202000
20,000
Other
074
-
-
-
Miscellaneous Total
$
55,393
$
35,000
$
35 #000
$ -
Revenue Total
$
55,393
$
30,000
80,000
$
EXPENDITURES:
Services and Charges:
Policing/Fire Services
$
341962
$
403000
40,000
$ -
ther
500
11000
1 000
-
Services and Charges Total
351462
413000
$
41 }000
$ -
Miscellaneous:
Fireworks
31000
551000
55,000
$ -
Contributions
--
2,000
21000
-
ther
11138
300
300
-
[i scellaneous Total
741133
571300
$
57,300
$ -
Total Expenditures
1091600
961399
$
98,300
$ -
Revenues over (under) expenditures
(53,707)
(18,300)
$
(189300)
-
OTHER FINANCING SOURCES:
Transfer I n:
General Fungi
$
32,509
181390
$
18,300
$
Net decrease in fund balance
$
(21,207)
-
$
-
Fund Balance - Jan 1
43,614
229407
2 #407
-
Fund Balance - Dec 31
$
22,407
$
221407
$
22,407
$ -
3
CITY OF STILLWATER, MINNESOTA
ST CROIX VALLEY REC CENTER
Fund Type: Special Revenue Fund
Fund Number: 202
Fund Description:
The St. Croix Valley Recreation Center provides recreational opportunities for all ages and skill levels to participate in
various indoor recreational activities, such as ice skating, hockey and walking. The City contracts with an outside
vendor to staff and manage the complex.
Fundina:
Financing is provided by the fees generated by the facility, Capital Outlay purchases are financed with General
Obligation Capital Outlay Bonds.
2011 Budget Impacts:.
- 0n May 24, 2 010 the nark and Recreation Board approved a n increase in rates for the 201 /211 season. The new
rates reflect a $5/Hour increase in ice rental times and a $1 Oflour increase in field house rentals. The new rates for
the 20101261 1 season are as follows:
our"
F Hourly Rates:
Prime Time
n Su li.e
Non Primp Ti: m mer
Re—cCienter Ice
$175/hour
$150/hour $150/hour
Lily Lake Ice
$155/hour
$150/hour $1501hour
Full Field Hours
$2501hour
$1 90/hour $190/hour
Half Field House
$150/hour
$1351hour $135 /hour
EOther Rates:
Open Skating $3.00/child $4.001adult $7.00/family
Open iField $3.001child $4.o01 dolt $7.00/family
- Commitment-St Croix Soccer Club - On April 6, 2010 the City Council authorized the replacement of the turf in the
St Croix Valley Recereation Center fieldhouse. The Council authorized a City contribution of $240,000 (set aside in
reserves) towards the replacement with the St Croix Soccer Club commiting to paying the balance of the cost over a
ter year period. With the first commitment payment being paid in 2010, the amount in the 2011 budget of $18,310
represents the 2nd commitment payment out of 10.
- Net Increase in Fund Balance will be used to repay the St Croix Val I ey Recreation C e n ter's fund ba I a nce which
was used to pay for the advancement of funds n eeded for the 10 year commitment of the St Croix S occe r Club.
64
CITY OF STILLWATER, MINNESOTA
ST CRUIX VALLEY 11EC CENTER
Fund Type: Special Revenue Fund
Fund Number: 202
SUMMARY OF REVENUES
AND EXPENDITURES
REVENUES:
Charges for Service
Interest Earnings
Commitment -St Croix Soccer Club
Miscellaneous
Revenue Total
EXPENDITURES:
St Croix Vallev Rec Center
Supplies
Services & Charges
Miscellaneous
Capital Outlay
Rec Center Total
St Croix Vallev Fieldhouse
Supplies
Services & Charges
Miscellaneous
Capital Outlay
Fieldhouse Total
Lily Lake Ice Arena
Supplies
Services & Charges
Miscellaneous
Lily Lake Ice Arenas Total
Total Expenditures
Revenues over (under) expenditures
OTHER FINANCING SOURCES (USES):
Proceeds from Capital Lease
Transfer In
Capital Outlay Bond Proceeds
Transfer (Out)
Debt Service
Other Financing Sources (Uses) Total
Net increase (decrease) in fund balance
Fund Balance - ,fan 1
Fund Balance - Dec 31
1481163
2010
201'1
71000
2009
ADOPTED
ADOPTED
Increase
ACTUAL
BUDGET
BUDGET
(Decrease)
1 ,621,326
11 041300
1,483,500 $
(20,803)
247270
45,000
24,000
(21, 000)
-
-
18,310
181310
1481163
126,500 $
1332500
71000
7131
6801798
683,333
12,840
101680
18,500
17,500
(1,003)
41692 $ 8,400 81400 -
1 957817 275,7'14 276,965 241
11054 3,200 32,200 -
- 70,000 - {705000}
201,263 357,314 $ 237,555 (89,759)
61654 102700 $ 10,700 -
173,227 180,599 180,506 93
$ 51 , 324 - $ _ _
891526 132,403 26,20 (106,200)
(45T518) (2743239) (213,751) 60,488
(318,668) 1411839 (187,851) (48,712)
(55,539) $ - 18,31 18,310
CITY of STILLW TE , MINNESOTA
F
IBRARY # {
f
Fund fie: Special Revenue Fund
Fund Number: ber: 230
Fund Description:
The Stillwater Public Library provides a wide variety of library services to the City's residents and surrounding
communities. This fund accounts for service operations of the library and the maintenance of the library building.
011 Staffing Level:
Full Time
4.20
FTE (Full Time Equivalents)
Part Time (Benefited)
6.73
FTE (Full Time Equivalents)
Part Time (Von- Benefited)
3.
FTF (Full Time Equivalents)
Funding;
Primarily funded by a transfer (operating) from the General Fund_ Capital Outlay purchases are financed primarily
with General Obligation Capital Outlay Bonds.
2011 Bud-get Impacts:
- Personnelc st include % COLA on wages, a 19.26% increase in health insurance premiums with the Library
fund funding 0% of that increase, and a 10no increase in dental insurance rates.
- Personnel costs include a Mate mandated contribution rate increase to PE RA . B eg inning January '1, 2011, the
employers contribution to the plan will increase from 7. 0% to 7.25% for the Coordinated Plan.
- Net 'Decrease in Fund Balance wi I I be funded with the Library fund's available Fund Balance.
M
CITY OF STILL "ATE , MINNESOTA
+
LIBRARY
Fund Type: : Special Revenue Fund
Fund Number. 230
2010
2011
SUMMARY OF REVENUES
2009
ADOPTED
ADOPTED
$ Increase
AND EXPENDITURES
ACTUAL
BUDGET
BUDGET
(Decrease)
UES:
REVENUES:
Charges for services:
Meeting Room Rental Fees
523873
$
35,000
$
53,000
$
18,000
Other
9,530
8,300
81300
Charges for Services Total
$
02,533
$
437300
$
61,300
$
18,000
Miscellaneous:
Processing Fees
91883
$
111000
91000
$
(2,000)
Registration
-
15,000
8,000
(71000)
Other
10 }575
141400
14,900
500
Miscellaneous Total
$
23,458
$
40,400
$
3'1,900
$
(8,500)
Revenue Total
$
887991
$
83700
$
93,200
$
9, 500
ES:
EXPENDITURES:
Operations:
Personnel Services
$
730 1048
7359528
$
7453387
%859
Supplies
98,874
1 027350
90,340
(41010)
Services & Charges
531090
581004
583196
192
Miscellaneous
21707
2,500
21200
(400)
Capital Outlay
-
58,200
68,200
-
perations Total
884,720
$
95607582
$
962,323
$
5,041
Plant
Personnel Services
$
100,418
$
102 1229
$
1081,045
$
51813
Supplies
71236
97300
91160
(1 50)
Services & Charges
103}499
1191065
101,791
(17,274)
Miscellaneous
39281
2 #800
13,000
11300)
Capital Outlay
3,150
3,200
3,200
-
Plant Total
$
2231584
$
233,094
$
223,186
$
(129908)
Total Expenditures
1,108, 304
$
11192,776
$
1 Ir185, 609
$
(79207)
Revenues over (under) expenditures
$
(11019,313)
$
(11109,076)
$
(1,092,309)
$
15,707
OTHER FINANCING SOURCES:
Transfer In:
General Fund
$
110541459
11047,676
$
19020,909
$
(20,707)
Capital Outlay Bond Proceeds
31150
011400
61,400
-
Other Financing Sources Total
$
130571619
$
1,109, 070
$
1,082309
$
(20,707)
Net increase (decrease) in fund balance
$
382305
$
-
(10,000)
$
(105000)
Fund Balance - Jan 1
277732
50,038
56jr038
-
Fund Balance -- Dec 31
$
66,038
$
55,038
0 ,1038
$
(10,000)
67
CITY OF STILLWATER, MINNESOTA
PARICS T
Fund Type: Special Revenue Fund
Fund Dumber: 240
Fund Description:
y
The Pars Department/Fund provides for maintenance of City owned parks.
2011 staffing Level:
Full Time 7.2 51 FTE (Full Terre Equivalents
Fundir:
Primarily funded by a transfer (operating) from the General Fund. capital Outlay purchases are
financed with General Obligation Capital Outlay Bonds.
2011 Budget Impacts:
- Personnel costs include 0% COLA on wag es, a 19. % increase in health insurance rates, and a 10% increase in
dental insurance rates.
- Personnel costs include a State mandated contribution rate increase to PE RA . Beginning January 1 , 2011, the
employers contribution to the plan wi I1 increase from 7. 0% to 7. % for the Coordinated Plan.
- Other Professional Services include tree inspector services of $2,400.
- Tree Removal is for the removal of trees due to Dutch Elrn & Oak Wilt diseases.
.:
CITY OF STILLWATER, MINNESOTA
i
Tre
PARJkS
Fund Type: Special Revenue Fund
1 Fund Number.
010
2011
SUMMARY OF REVENUES
2009
ADOPTED
ADOPTED
$ Increase
AND EXPENDITURES
ACTUAL
BUDGET
13UD GETi
(Decrease)
REVENUES:
Licenses and Permits
1,049
$
11000
71000
$
-
Charges for Service
15,913
12,500
%000
3,500
Miscellaneous
6,889
8,000
52000
3, 000)
Revenue Total
23,851
21,500
22,000
500
EXPENDITURES:
Personnel Services:
Salaries -- Full Time
$
395,808
365,096
'$
364,962
(134)
Overtime - Full Time
5,872
4 }200
69000
Salaries - Part Time
10,638
13,800
(13,800)
Benefits
124,467
725,835
1410 48
16,013
Personnel Services Total
$
5361785
$
508,931
$
512,810
$
2,079
Supplies:
Automotive Fuel
1 21907
$
17,500
$
17,000
$
(500)
Other
40,668
47,500
46,900
(600)
Supplies Total
$
53$75
$
65,000
$
03,900
$
(1,100)
Services and Charges:
Contractual Services
$
41396
21000
2,260
$
250
Tree Removal
81392
121500
7P000
(5,500)
Other Professional Services
10,015
1 '1, 000
45000
(7,000)
General Insurance
50$674
51,641
601576
8,934
Other
4'1,535
57,800
46,600
(12,200)
Total Service and Charges
$
115,012
$
134,941
119,425
(15,516)
Miscellaneous:
$
2,449
$
8,400
$
51500
$
(21900)
Capital Outlay:
Improvements
54,360
$
150,350
112,800
$
(37$50)
Machinery & Equipment
-
49,000
68,500
19,500
Capital Outlay Total
$
54,360
199,350
181,300
$
(18,050)
Total Expenditures
$
7621181
$
916,622
5821935
$
19,971
Revenues over (under) expenditures
$
(738,330)
(895,122)
(860,935)
20,471
OTHER FINANCING CI SOURCES:
Transfer Ire.
General Fund
$
699,117
695,772
$
679,635
16,137)
Capital Outlay Bond Proceeds
54,363
1993350
181,300
(18,050)
Transfer Out
(291 )
-
Bale of Property
990
-
-- _
Other Financing Sources Total
754,179
895,122
860,935
(34,187)
Net increase (decrease) in fund balance
15,849
$
-
$
-
Fund Balance - Jan 1
275,287
291 ,136
291,136
Fund Balance - Dec 31
$
291,136
$
291,136
2917136
$
i
CITY OF STILLWATER, MINNESOTA
DOWNTOWN BEAUTIFICATION
Fund Type: Special Revenue Fund
Fund Number: 251
Fund Description:
The Downtown Beautification fund was established by Resolution 2011 -07 (dated January 4, 2011 ) and it accounts
for funds related to the ownto ern beautification.
Fundirc�,
Funded primarily with a transfer from the general fund. Donations to the fund are anticipated.
2011 Bud-get Impacts:
- all expenditures of the fund are subject to approval by the City Council in its annual "Downtown Beautification Won
Program s of this writing the vwrork program for 2011 has not yet been esta bli shed.
70
CITY OF STILLWATE , MINNESOTA
DOVVNTowN BEAUTIFICATION
Fund Type: Special Revenue Fund
Fund Number: z,Y
2010 2011
SUMMARY OF REVENUES 2009 ADOPTED ADOPTED $ Increase
AND EXPENDITURES ACTUAL BUDGET BUDGET (Decrease)
OTHER FINANCING SOURCES.
Transfer In:
General Fund
Net decrease in fund balance
Fund Balance 4 Jan 1
Fund Balance - Dec 31
71
- $
151000
$
151000
- $
15,000
15,000
1 #000 15,000
CITY OF STILLWATER, MINNESOTA
WASHINGTON CO RECYCLING GRANT
Fund Type: Special Revenue Fund
Fund Number: 255
Fund Description
The Washington County Recycling Grant Fund accounts for the recycling grants received from Washington County.
The funds from this grant can only be used for purposes specified by the grant agreement.
Fur�inq:
Funded exclusively with grant funds received from Washington County and interest earned on investments the
fund's prorated share).
2011 Budqet Impacts:
- Services and Charges costs include education services and materiels,
7
CITY OF STILLWATER, MINNESOTA
WASHINGTON CO RECYCLING GRANT
'' `" Fund Type: Special Revenue Fund
Fund Number: 25
SUMMARY OF REVENUES
AND EXPENDITURES
REVENUES:
Intergovernmental
Interest
Revenue Total
EXPENDITURES:
Services and Charges:
Miscellaneous:
Expenditure Total
Net increase in fund balance
Fund Balance -plan 1
Fund Balance - Dec 31
010
2011
2009 ADOPTED
ADOPTED $ Increase
ACTUAL BUDGET
BUDGET (Decrease
$ 34,050 $ 341050
$ 34,060
$ 361351
$
347050
36,050
21000
$ 91611
11,300
10,500
(800)
$ 81581
$
221750
26,550
$
21800
$ 181192
$
341050
:050
$
21000
$ 181159
$
-
$
-
$
-
73
CITY OF STILLWATER, MINNESOTA
Dmm
Fund Type: Special Revenue Fund L
.4 A W
Fund Number-. 263
Fund Description:
The DARE Fund accounts all receipts and expenditures associated with the drug awareness program. Pursuant to
Mato m and ate, funds received for this program are used excl usively for this program..
Fundir
Funding is provided by donations and a contribution from the General Fund.
74
CITY OF STILLWATER, MINNESOTA
Dmm
Fund Type: Special Revenue Fund
Fund Number. 3
2010 2011
SUMMARY OF REVENUES 2009 ADOPTED ADOPTED Increase
AND EXPENDITURES ACTUAL BUDGET BUDGET (Decrease)
REVENUES:
Miscellaneous:
Donations
Interest
Revenue Total
EXPENDITURES:
Supplies:
Revenues Over (Under) Expenditures
OTHER FINANCING SOURCES:
Transfer In:
General Fund
Net increase In fund balance
Fund Balance - Jan 1
Fund Balance - Dec 31
- 500 $
287 -
287 $ 500
$ 11491 11000
o ..
Soo (1,000)
2,500
151018 $ 142018 $ 14, 01
THIS PAGE INTENTIALLY LEFT BLANK
Debt Service Funds
Debt Service Funds are used by the City to account for the accumulation of resources and the
payment of general obligation debt and other long -term debt.
CITY OF STILLWATER, MINNESOTA
A
DEBT SERVICE UNDS
S A I S,
FUNDING SOURCES FOR 2011 EXPENDITURES
Other
3% Property Taxes
—�m -
72%
Special Assessments
ti
2%
Tax Incrementy
Financing
18%
St Crain" alley
Recreation Center
5%
2011 EXPENDITURES BY TYPE
Principal
79%
Interest
21%
Other
%
78
CITE OF STILLWATER, MINNESOTA
DEBT SERVICE FUNDS r
2070 2011
SUMMARY OF REVENUES 2009 ADOPTED ADOPTED $Increase
AND EXPENDITURES ACTUAL BUDGET BUDGET (Decrease)
REVENUES:
Property Takes
Special Assessments
Market Value Homestead Credit
Interest
Miscellaneous
Revenue Total
EXPENDITURES:
Debt Service:
Principal
Interest
Paying Agent Fees
Other
Expenditure Total
Revenues over expenditures
OTHER FINANCING SOURCES (USES):
Bond Proceeds
Premium Issued on Debt
Payment on Current Refunding
Transfer In
St Croix Valley Recreation Center
TIF Districts (Tax Increment Financing)
Other
Transfer Out
Other Financing Sources (Uses) Total
Net increase in fund balance
Fund Balance -- Jars 1
Fund Balance - Dec 31
311283945 3,243,619 $ 3121501 (281424)
1831948 1081000 85,000 (23,000)
11 119 - - -
79,288 - -
r- rl^^ A A ^^-7 A A 1%4% mg
31385$000
$ 2t8341247
3,8091730
775,483
1,286,753
947,741
943$666
(4,075)
61361
■ r r �- J
71003
01000
11003
(11343,489) (425,445) (112479274) (821,829)
$ 6,52U00 r 162,746 - -
1,080,000 -- r -
4571518 274,239 2137761 (69,488)
0171174 7549006 784,078 307072
3791043 195,000 140,000 (55,000)
(1683394) -- w -
$ 79218,087 1,223,245 1,137,829 ..
$ 51874,598 797,800 $ (10%445) (907,245)
9
CITY OF STILLWATER, MINNESOTA
G4 CAPiTAL UurLA.y BONDS
Fund Type: Debt Ser«ce Fund
Fund Numbers: 300 - 329
_Funds Description:
These funds record the receipt of property taxes generated by the debt service levy and the payrnent of principal,
interest and paying agent fees for outstanding General Obligation Capital Outlay Bonds GO CO Bonds issued by the
City.
Purpose of Debt:
Proceeds from GO CO Bonds are used to finance the purchase /construction of capital outlay /major capital
construction projects where property takes are the ,Hain funding source.
Funding:
Primarily financed with property takes through an annual debt service levy.
2011 Budget Impacts:
Fund
Number
Bond lssue
Purpose
Balance
as of
12/31/10
Principal
Due in
2011
Interest
Due in
2011
Levy Amount
for Payable
2011
Existing Debt:
304
$755,000 GO CO Bonds, Series 200B
2004 CO
$200,003
$100 7000
$4,600
$1 08,308
305
$1,480,000 GO CO Bands, Series 2005A
2005 CO
$610,000
$195,000
$16,000
$228,979
307
$1,290,000 GO CO Bonds, Series 2007A
2007 CO
$830,000
$155,000
$29.063
$195,464
308
$1,445,000 GO CO Bonds, Series 200
2008 CO
$11125,000
$170,000
$32,213
$214,896
309
$1,455,000 GO CO Bonds, Series 2009A
2009 CO
$1,300,000
$165,000
$36, 113
$219,503
315
$3,160,000 GO CO Bonds, Series 2005B
Refunding
$2,360,000
$175,000
$81,091
$276,686
316
$6,400,000 GO CO Bonds, Series 2006A
2006 CO/Library
$4,980,000
$3601000
$134,263
$574,893
319
$1 ,005,000 GO CO Bonds, Series 2009B
Refunding
$900,000
$110,000
$231425
$133,653
320
$173451000 GO CO Bonds, Series 2003A
2003 CO
$185,000
$185,000
$3,006
0
329 1$4,095,000
GO CO Bonds, Series 2009D
Refunding
$4,095,000
$605,000
$113,763
$755,672
New Debt:
311 J$927,000 GO CO Capital Outlay Armory Land I 1 $85,000
Totals $2 #220,000 [_$523,5-4-2-
$2,798,054
Refunding Bonds:
315 During 2005, the City issued advanced refunding $3,160,000 General Obligation Capital Outlay Refunding
Bends, Series 2006E to refinance existing debt issued in 1996, $5,530,000 General Obligation Capital Outlay
Bonds, Series 1996A, to save on interest costs. The Series 1996A Bends were issued to finance the
remodeling of City Hall.
319 During 2009, the City issued current refunding $1,005,000 General Obligation Capital Outlay Refunding Bonds,
Series 2009B to ref innance existing debt issued in 1998, $2,500,000 General Obligation Capital Outlay Bonds
Series 1998B, to save on interest costs. The Series 1998E bonds were issued to financee Capital Outlay
purchases for 1998 and 1999.
329 During 2009, the City issued crossover refunding $4,095,000 General Obligation Capital Outlay Refunding
Bonds, Series 2009D to refinnance existing debt issued in 2002# $7,840,090 General Obligation Capital Outlay
Bonds Series 20o2A to save on interest costs The Series 2002A Bonds were issued
r f to finance the
construction of the City's public Works Facility.
Notes:
- General obligation Bonds are backed with the full faith and credit, and taxing power of the City.
- Fund balance is reserved for debt service payments, both current and future.
M
CITY OF STILLWATER, MINNESOTA
GO CAPITAL Ou?rLAY BONDS
Fund Type: Debt Service Fund
Fund Numbers: 300 - 329
2010 2011
SUMMARY OF REVENUES 209 ADOPTED ADOPTED $Increase
AND EXPENDITURES ACTUAL BUDGET BUDGET (Decrease)
REVENUES:
Property Taxes:
Current
Delinquent
Market et Value Homestead Credit
Interest
Donations
Revenue Total
EXPENDITURES:
Debt Service:
Principal
Interest
Paying Agent Fees
Bond Issuance Fees
Professional Services
Other
Expenditure Total
Revenues over expenditures
OTHER FINANCING SOURCES (USES):
Woad Proceeds
Premium Issued on Debt
Payment on Current Refunding
Transfer In
Transfer Out
Other Financing Sources Uses Total
Net increase in fund balance
Fund Balance -- .Jan 1
Fund Balance - Dec 31
$ 21783x108 $ 2x7751592 25798,054 $ 221462
58,41 - - --
1 04,577 - -
46,369 - -
0- ^ ^^
1,920, 000 115702000 2,22%000 $ 650,000
7093108 533,747 5237642 (1 09205)
41671 41670 3,850 (820)
98,315 -
6,465 T
ff, L . J
511001000 $ - -
1 25, 539 -
(11050,000) - - ..
1841043 -
# .t 0% .% /l . .
$ 41447,081 $ 667,175 $ 60,662 $ (616, 513
81
CITY OF STILLWATER, MINNESOTA
GO IMPROVEMENT BANDS
Fund Type: Debt Service Fund
Fund Numbers: 330 - 359
Funds Decal tots:
These funds record the receipt of special assessment payments, property takes and the payment of principal,
interest and paying agent fees for outstanding General obligation Improvement Bonds Imp Bonds) issued
by the City.
Purpose of Debt:.
Proceeds from Go Improvement Bonds are used to finance capital improvement projects i e. street
improvement projects, sidewalk projects, etc.) where special assessments and property tees are the primary
funding sources.
Funding:
Primarily financed with speical assessments and property takes through an annual debt service levy when
necessary.
2011 Budget Impacts:
Balance Principal Interest Levy Amount
Fund as of Due in Due in for Payable
Number Sond Issue 12/31/10 1 2011 1 2011 2011
Existing Debt:
340 _1$4,695,000 Go Improvement Bonds, Series 2004A $2,750,000 $375,000 1 $38,563 $295,832
Totals $375,000]F$88,5631 $2913
Notes:
- General Obligation Bonds are backed with the full faith, and credit, and taxing power of the City.
- Fund balance is reserved for debt service payments, both current and future.
2
CITY OF STILL IfATE , MINNESOTA
�•
GO IMPROVEMENT BONDS
Fund Type: debt Service Fund
Puna Numbers: 330 - 359
2010
20'11
SUMMARY OF REVENUES
2009
ADOPTED
ADOPTED
$ Increase
AND EXPENDITURES
ACTUAL
BUDGET
BUDGET
(Decrease)
REVENUES:
Property Taxes:
Current
2797529
$
300,920
295,832
$ (51088)
Delinquent
61552
-
-
Special Assessments
153,948
1081000
85,000
(23,000)
Market et l alue Homestead Credit
101518
-
-
Interest
131788
-
Revenue Total
$
4641415
4081920
$ 380,032
281088
EXPENDITURES:
Debt Service:
Principal
365,000
$
3701000
375,000
5,000
Interest
108,370
98,995
881563
1 03432)
Paying Agent Fees
431
650
435
(215)
Professional Services
3,384
-
-
Other
112
-
-
Expenditure Total
$
477,297
$
4599545
4639998
51647
Revenues over expenditures
$
12,882)
$
(50,725)
$ (835166)
$ (22,441
Net increase in fund balance
(12,882)
$
(60,725)
(83,166)
$ (22,441)
Fund Balance - Jan 1
950,825
937,943
877,218
(60,725)
Fund Balance w Dec 31
$
937:943
$
877,218
794,052
$ (83,156)
3
CITY OF STILLWATER, MINNESOTA
GO TIF BONDS
and Ty-pe.- Debt Sendee Fund
Fund Numbers. 36o-379
Funds Description:
These funds record the receipt of tax increment and the payment of principal, interest and paying agent fees for
outstanding General Obligation Tax Increment Financing Bonds (GO TIF Bonds) -issued by the City.
Purpose of Debt:
Proceeds from GO TIF Bonds are used to finance TIF eligible capital improvement projects where TIF is the main
funding source.
Fu
Primarily financed with tax increment transferred in from the obligating TIF District
2011 Budget Impacts:
Fund
Number
I Bond
TIF District
I Obligation
Balance
as of
I 12/31110
Principal
Due in
2011
I I
Interest
Due in
2011
I
Existing Debt:
370 1$5,300,000 GO TIF Bonds, Series 2008B T1F #10 1 $5.015,000 $105,000 $205,848
374 J$31435,000 GO TIF Bonds, Series 2003E TIF #4 $1,145,000 $365,000 $323370
Tota I s $470,000][- $2383218,
Refunding Bonds:
374 During 2003, . the City issued current refunding $3,435,000 General Obligation Tax Increment Financing
Refunding Bonds, Series 2003B to refinnance existing debt issued in 1994, $4,800,000 General Obligation
Tax Increment Financing Bonds Series 19940, to save on interest costs. The Series 19940 Bonds were
issued to finance the construction of Frontage Road West and Curve Crest Blvd and install instreet lights at
that intersection.
Notes:
General Obligation Bonds are backed with the full faith and credit, and taxing power of the City.
Fund balance is reserved for debt service payments, both current and future.
84
CITY OF STILLWATER, MINNESOTA
GO TIF BONDS
Fund Type- Debt SeMce Fund
H.
Fund Numbers' 360-379
2010 2011
SUMMARY OF REVENUES 2009 ADOPTED ADOPTED $ Increase
AND EXPENDITURES ACTUAL BUDGET BUDGET (Decrease)
EXPENDITURES:
Debt Service*
Principal
Interest
Paying Agent Fees
Other
Expenditure Total
Revenues over expenditures
OTHER FINANCING SOURCES (USES):
Transfer In
Other Financing Sources (Uses) Total
Net increase in fund balance
Fund Balance - Jan 1
Fund Balance - Dec 31
$ 555,000 $
425,000 $
470,000 $
451000
286,274
252,726
238,218
(14,508)
856
1)280
860
(420)
$ (842,134) $ (679,006) $ 709, 78 $ (30,072)
$ 8421174
$
679,006 $
709,078 $ 30,072
$ 8421174
$
6791006 $
709,078 $ 30,072
$ 40
$
- $
$ -
85
CITY OF STILLWATER, MINNESOTA
GO RxVIENUE BONDS
Furid Type: Debt Service Fund
Fund Numbers. 38o -,-389_
Funds Description '-
These funds record the revenues received and the payment of principal, interest and paying agent fees for
outstanding General Obligation Revenue Bonds (GO Revenue Bonds) issued by the City.
Purpose of Debt:
Proceeds from G<] Revenue Bonds are used ho finance capital projects where the debt isprimarily financed through
revenues generated by the project.
Fu�d]�Qi
$1,420, 000 GO Revenue Bonds. Series 2009C
Funding is provided by donations and net revenues (revenues less expenditures) from 8t Croix Valley Recreation
Center operations and property taxes (when noadod
$2,695, 000 GO Revenue Bonds, Series 2005C
This bond issue is a refundl ng bond of the $4,610, 000 G 0 Revenue Bonds, Series I 998A. Fundingia provided by
donotionaondnetrovanuea(revonuea|eomoxpend1tureo)fromthe8t'C»o|xVoUeyRecreationOantoropensiionu,
tax increment from TIF District #4 and property taxes (when needed).
2O11 Budget Impacts:
Totals J1 $395,000.11 $91, 1 $121,3091
Refunding Bonds:
385 During 2OU5` the City issued advanced refunding $2,805.QOO General Obligation Revenue Refunding Bonds,
Series 2005C to refinnance existing debt issued i n 1998, $4,610, 000 General Obl igation Reven ue Bonds
Series 1898A.tosave on interest costs. The Series 1998A Bonds were issued to finance the construction of
the City's ED Croix Valley Recreation Center.
388 During 2009, the City issued crossover refunding $1,420,000 General Obligation Revenue Refunding Bonds,
Series 2009C to refinnance existing debt issued in 2000, $2,135,000 General Obligation Revenue Bonds
Series 2QOOD.to save on interest costs, The Series 2OOOD Bonds were issued to finance the construction of
a second sheet of ice ot the City's 8t Croix Valley Recreation Center.
Other Debt.*
The following bond issue was issued by the City for Board of Water Commissioners. For that reason, accounting ofthe
bond issue is found in the financial statement of the Board of Water Commissioners. Presentation of this bond issue
appears here only for informational purposes.
Balance
Balance
Principal
Interest
rest
Levy Amount
Fund
Due in for Payable
as of
Due in
Due in
for Payable
Number
Bondissue
12/31/10
2011
2011
2011
Existing Debt:
385
1$2,6951000 GO Revenue Bonds, Series 2005C
$1,935,000
$270,000
$511833
$121,309
389 '
1$1,420,000 GO Revenue Bonds, Series 2009C
$1,420,000
$125,000
$391313
Cancellea
Totals J1 $395,000.11 $91, 1 $121,3091
Refunding Bonds:
385 During 2OU5` the City issued advanced refunding $2,805.QOO General Obligation Revenue Refunding Bonds,
Series 2005C to refinnance existing debt issued i n 1998, $4,610, 000 General Obl igation Reven ue Bonds
Series 1898A.tosave on interest costs. The Series 1998A Bonds were issued to finance the construction of
the City's ED Croix Valley Recreation Center.
388 During 2009, the City issued crossover refunding $1,420,000 General Obligation Revenue Refunding Bonds,
Series 2009C to refinnance existing debt issued in 2000, $2,135,000 General Obligation Revenue Bonds
Series 2QOOD.to save on interest costs, The Series 2OOOD Bonds were issued to finance the construction of
a second sheet of ice ot the City's 8t Croix Valley Recreation Center.
Other Debt.*
The following bond issue was issued by the City for Board of Water Commissioners. For that reason, accounting ofthe
bond issue is found in the financial statement of the Board of Water Commissioners. Presentation of this bond issue
appears here only for informational purposes.
Fu���I�
$1,330,000 GO Rev Bonds, Series 2000B
This bond issue was issued by the City for the Board of Water Commission (City's Component Unit). Funding is
provided by the Board of Water Commission through water user fees.
Notes:
~ General Obligation Bonds are backed with the full faith and credit, and taxing power ofthe City.
Fund balance im reserved for debt service payments, bot current and future.
MEP
Balance
Principal
Interest Levy Amount
n�d
as of
Due in
Due in for Payable
;Fu
um
[Number
Bondissue 12/31/10
2011
2011 2011
80
3 C
$1,330,000 GO Rev Bonds, Series 2000B $430,0001
$90,000
$20,9581 NIA
Fu���I�
$1,330,000 GO Rev Bonds, Series 2000B
This bond issue was issued by the City for the Board of Water Commission (City's Component Unit). Funding is
provided by the Board of Water Commission through water user fees.
Notes:
~ General Obligation Bonds are backed with the full faith and credit, and taxing power ofthe City.
Fund balance im reserved for debt service payments, bot current and future.
MEP
CITY OF STILLWATE , MINNESOTA
BEA&
GO RiEVIENUE BONDS
• Type: Debt Service Fund
2010 2011
SUMMARY OF REVENUES 2009 ADOPTED ADOPTED $ Increase
AND EXPENDITURES ACTUAL BUDGET BUDGET (Decrease)
REVENUES:
Property Takes:
Current
Delinquent
Interest
Revenue Total
EXPENDITURES:
Debt Service:
Principal
Interest
Paying Agent Pees
Bond Issuance Fees
Other
Expenditure Total
Revenues over expenditures
OTHER FINANCING SOURCES USES):
Bond Proceeds
Premium Issued on Debt
Transfer In:
St Groin Valley Recreation Center
TI District #4
Other Financing Sources Use Total
Net increase in fund balance
Fund Balance - Jan 1
Fund Balance - Dec 31
- 1673107 121 X309 $ 45 :798)
1 ,244 - - -
20,395 $ 167,107 $ 121,309 (45,798)
3501000 $ 2651000 395,000 $ 1301000
183,001 591593 91 X146 31,553
403 403 855 452
3511O1 - w -
(549,866) (157, 889) (306,692) (207, 803)
174201000 $ $ $
37 #207 - r
457,518 274,239 213,761 (89,488)
11439,859 $ 191,350 $ (76,941) (268, 91
CITY OF STILLWATER, MINNESOTA
OTHER LONG -TERM DEBT
Fund Type-, Debt Service Fund '
Fund Numbers: 390 - 399
Funds Description:
These funds record the revenues received and the payment of principal and interest for other outstanding long -term
debt issued by the city.
Purpose of Debt:
100,000 State Stream Protection and Improvement Loan
Proceeds from the $1, 900, 000 State Stream Protection and Improvement Loan were used for the construction of
the McKusick Lake Diversion Project. Major components of the project consisted of: 1 Enlarge the outlet channel
and conveyance system from Long Lake to Brown's creek; 2 Construct a diversion structure and pipe;
Upgrade the dire on McKusick Lake and construct an overflow structure; Restore and realign a portion of
Brown's creek} and Upgrade the conveyance system for McKusick Lake to the St Croix Diver.
000 Stale Stream Protection and Improvement Loan
Proceeds from the $850# 000 State Stream Protection and Improvement Loan were used for the construction of the
McKusick Labe Diversion Project. Maj
CITY OF STILLWATER, MINNESOTA
OTHER LONG -TERM DEBT
Fund Type: Debt Service Fund
Fund Numbers: 390 - 399
SUMMARY OF REVENUES
AND EXPENDITURES
DITURE
REVENUES:
Refunds & Reimbursements
Revenue Total
EXPENDITURES:
Debt Service:
Principal
Interest
Expenditure Total
Revenues over expenditures
OTHER FINANCING CIN SOURCES (USES):
Transfer In
Offer Financing Source Uses Total
Net increase in fund balance
Fund Balance - Jan 1
Fund Balance - Dec 31
2010 2011
2009 ADOPTED ADOPTED $ Increase
ACTUAL BUDGET BUDGET (Decrease)
$ 500 1119 $ 112,927 -
195,900 204,247 149.730 (54,517)
1951000 1951000 140,000 $ (55,009)
500
500 500 Soo
THIS PAGE INTENTIALLY LEFT BLANK
Capital Project
Funds
Capital Project t Funds are used by the City to account for the constructions /acquisition of capital
projects /assets with the City's Tax Increment Financing Districts,
CITY OF STILLWATER, MINNESOTA
TA
{
CAPITAL PROJECT FUNDS
2010 20'11
SUMMARY OF REVENUES 2009 ADOPTED ADOPTED $ Increase
AND EXPENDITURES ACTUAL- BUDGET BUDGET (Decrease)
REVENUES:
Tax Increment 310461960 21800,000 $ 2,880000 301000
Special Assessments 161029 - - -
[arket Value Homestead Credit 20F034 - A
Interest 1 36,660 -
Revenue Total $ 3,2191703 $ 27300,000 $ 21080,000 $ 30,00
EXPENDITURES:
Contractual 398$33 333,000 $ 790,000 $ (43,000)
Pedestrain Plaza - - 946,000 -
Parking Ramp 57603,766 - -
Leal 67933 - - -
Other 171137 -
Expenditure Total $ 630261174 $ 633r000 $ 11736,000 -
Revenues over expenditures $ (21806,471) $ 11967,600 $ 1114 ,000 $ 301000
OTHER FINANCING SOURCES (USES):
Transfer Out (9173174) (7541006) (704,076) (30x070)
Other Financing Sources (Uses) Total (917,174) $ (754,006) $ (704,076) ..
Net increase in fund balance $ (31723,646) $ 11212,994 $ 360,924 (352,070)
Fund Balance - Jan 1 9F974,259 61260,614 71463:608 172127994
Fund Balance - Dec 31 $ 61250,614 $ 71463,600 71824,532 360,924
9
CITY OF STILLWATEF , MINNESOTA
TIF DISTRICT #1
Fund Type: Capital Projects Fund
Fund Number: 461
Fund Description:
The City is the ad mi i n i ste ri n g authority for De District #1, Tax Increment District #1, Downtown and Industrial
Park Scattered Sites TIF District #1). The district is a redevelopment district established in 1985 and has a 25-year
duration upon the receipt of the first tax increment. 1986 was the date of the first tax increment receipt and De ernber
31, 2011 is the required date of decertification.
Proiects Pa -a - you - bli ations within this district are as follows:
Development
Property
'1st
Scheduled
Payment
Date
Duration
of Payments
Available
Tax.
Increment*
Not to
Exceed a
Payment
of
Maximum
Total
Obligation
Payments
to Date
12131 /10
Expected
2011
Payment
BS Company
1 998
Life of District
0%
N/A
$71 ,963
$53,734
$4,000
Blichfield Development
1997
Life of District
100%
N/A
$133,409
$133,409
Desch - Phase 1
1992
2007
100%
$20,000
$562113
$442 .1329
$0
Lumber Baron Hotel
2003
Life of District
0%
Ni
$335,000
$83,331
$9,000
Malnstrearn
2001
2011
100%
$37,500
$787,800
$413,326
$35,000
F eadex
1997
2010
100%
$3,600
$172,000
$143,133
$5,000
Schoonover
1991
2003
100%
11,91
$1433000
$72,505
0
Simonet
1997
2003
ILIA►
$15,760
$189,0001
$189,000
$0
DBC
1937 J
2010
100%
1 $27,138
$5605000
$194,2681
0
Obligations that have been fulfilled as of December 31, 20010.
*Available Tax Increment is defined as a percentage as defined in the development agreement) of the tax increment
derived from the development property.
On December 7, 2010, the City Council approved (resolution 2010 -193 ) the contract between Sanders Wacker Pergly
and the City of Stillwater for design services related to the North Lowell Park /Pedestrian Plaza master plan and
Pedestrian Plaza construction plans. The majority of the expenses related to the Pedestrian Plaza are TIF eligible
expenses and will be paid out of this district.
9
CITY F STILL''Il' ATER, MINNESOTA
=• t A -`
TIF DISTRICT
Fund Type: Capital Projects Fund
Fund Number: 461
2010
2011
SUMMARY OF REVENUES
2009
ADOPTED
ADOPTED
$ Increase
AND EXPENDITURES
ACTUAL
BUDGET
BUDGET
(Decrease)
REVENUES:
Tax Increment
$
8751609
$
7501000
$
740,000
$ (10,000)
Market value Homestead Credit
21839
-
-
`
Interest
48,381
-
-
Ievenue Total
$
926,829
750,000
7402000
1 0#000)
EXPENDITURES:
Contractual:
Lumber Barons Hotel
2,818
59500
$
91000
$ 3) 500
eadax
41959
97000
5,000
(41000)
Mainstream/Maple Island
21 5487
351000
36,000
-
UBC /L.anoa
61971
-
-
ABB Company
-
-
41000
41000
Contractual Total
$
361232
$
491500
63,000
$ 3,500
Pede train Plaza
$
-
$
-
9467000
$ 945,000
Other
2,951
-
-
-
Expenditure Total
23951
$
-
$
946,000
$ 945,000
Revenues over expenditures
923,878
$
7507000
$
(205,0400)
$ (955,000)
Net increase in fund balance
$
923}878
750,000
$
(2059000)
(955,000)
Fund Balance _ Jan 1
21021,282
31845,160
4,296,160
750,000
Fund Balance - Dec 31
$
31845,130
$
42295,100
$
4,0901160
$ (205,000)
9
CITY OF STILLWATER, MINNESOTA
:
TI .
DISTRICT
Fund Type: Capital Projects Fund •
Fund Number: 464
Fund Description:
The City is the adrninisterinc authorit r for Development District I#1, Tax Increment District #-4, Wood Iand Lake Prole t
TIF District #4). The district is redevelopment district established in 19 86 and leas a 2 -year duration upon the
receipt of the first tax increment. 1 987 was the date of the first tax increment receipt and December 31, 2012 is the
required data of decertification.
Deist obligation:
$3.435, 000 General Obligation Tax Increm ent Refunding Bonds., Series 2003B (original issue: $4$30+0,000
General Obligation Tax Increment Bonds, Series 19940. This debt obligation was issued to: 1 Construct Frontage
Road West from Curve Crest Boulevard to Northwestern Avenue; 2 Extend Curve Crest Boulevard from
Washington Avenue to County road ; and Install stop lights at the intersection of Frontage Road West and
Curve Crest Boulevard..
Total amount outstanding as of December 31, 2010- $1,145,000 (see page 84 for more information on the debt
service obligation).
2011 Bud-get Impacts:
- Transfer Out represents funds being transferred out to debt service funds for the payment of current year debt
service obligations. These obligations are as follows. 1 $397803 to $3,435,000 General Obligation Tax Increment
Refunding Bond, Series 2003B debt service fund ; and 2 $75, 0 0 0 to $2,695, 000 General Obligation Sports Center
Refunding Bonds, Series 20050 debt service fund.
ProiectslPay-a ! 'ou- blx- rations within this district are as follows:
TARGET/SUPERVALU MARKET PLACE
This project was a redevelopment of the site into a marketplace with a grocery store and retail shops. No tax
increment obligation is due to the developer.
Notes:
- The , 00 o transfer out to the $3,435,000 General Obligation Tarr Increment Refunding Bond, Series 2003E debt
service fund was approved by the City Council starting in 1998 through the life of the district.
9 ,
CITY OF STILL DATER, MINNESOTA
7
IF DISTRICT *4
=• -`
Fund Type: Capital Projects Fund
Fund Number: 464
2010
2011
SUMMARY OF REVENUES VENUES
2009
ADOPTED
ADOPTED Increase
AND EXPENDITURES E
ACTUAL
BUDGET
BUDGET (Decrease)
REVENUES:
Tax Increment
$
7481103
$
700,000
7001000 -
Interest
317566
Revenue Total
779,6609
7001000
$ 7003000 $ -
EXPENDITURES:
Legal
$
875
-
$ _ $
Other
051
-
Expenditure Total
$
1,526
$
-
- $ -
Revenues over expenditures
$
7781143
700,000
700 ,1000 $ -
OTHER FINANCING SOURCES (USES):
Transfer Out
$
474,079)
$
(468,978)
(472,803) (31825)
Other Financing Sources (Uses) Total
(474,079)
(468,978)
(472,803) $ -
Net increase in fund balance
$
3043064
$
2311022
$ 227,19 $ (3,825)
Fund Balance -plan 1
1 2872,842
2 #176,606
22407,628 2319022
Fund Balance -- Dec 31
$
29 176,606
29407,628
2,6341025 $ 2272197
7
CITY OF STILLWATER, MINNESOTA
TIF DISTRICT #6
Fund Type: Capital Projects Fund
Fund Number: 466
Fund Description:
The City is the admin1stering authority for De velopment District # 1, Tax Increment District #6, Jr: High TIF District
#6). The district is a redevelopment district established in 1 993 and has a 25-year duration upon the receipt of the
tax increment. 1 995 was the date of the first tae increment receipt and December 31, 2019 is the required date of
decertification.
Debt Obl gatiow
$1,000,000 General Obligation Tarr increment Refunding undingr ,Bond , 1993A. This debt obligation was issued to pay
for the construction of the public parking Iet. This paring lot is permit parking Iot with revenues going to the
Parking Fund. As of December 31, 2010 this debt obligation has been paid in full.
2011 Bud-get Imp acts;
- A lighting project in the spring is planned for the parking lot.
Pt'oj is Pa}/-a - ou- obligations within this distdict are as follows:
BJrigl
This project was a redevelopment of the old Stillwater Junior High site into corporate headquarters for CUB Foods
and a public parking lot. No tai increment obligation is due to the developer.
CITY OF STILLWATEF , MINNESOTA
TIF DISTRICT *6
`' Fund Type: Capital Projects Fund
Fund Number: 466
2010 2011
SUMMARY OF REVENUES 2009 ADOPTED ADOPTED $Increase
AND EXPENDITURES ACTUAL BUDGET BUDGET (Decrease)
REVENUES:
Tax Increment
Interest
Revenue Total
EXPENDITURES:
Lighting Project
Expenditure Total
Revenues over expenditures
Net increase in fund balance
Fund Balance - Jan 1
Fund Balance •- Dec 31
.b
M11611 WK114111
$ 4923497 4922497 507,497 11,0
CITY of STILL HATER, MINNESOTA
TIF DISTRICT
L .4.
Fund tae: Capital Projects Fund
Fund Number: 468 .
Fund Description:
The City is the administering authority for De velo,pment District 2, Tax Increment District #8, A nchobay ro, Inc T]F
District #8). The district is a housing district established in 2000 and has a - -gear duration upon the receipt of the first
tax increment. 2002 was the date of the first tax increment receipt and December 31, 2027 is the required date of
decertification.
2011 Budget Impacts:
There are no planned expenditures for 2011
Proiects /Pay -a s :you- o obligations within this district are as follows: i
LONG LAKE VILLAS
Long Lace Villas is a row to moderate income multifamily housing project. The City entered into any agreement
with Long Lake Limited Partnership to aid in financing a portion of tai increment eligible costs of the project. The
agreement is not a general obligation of the City . Payments are made on the first day of each August and
February commencing on August 1, 2002 and ending on February 1, 2026 are made solely from Available Tax
Increment. Available Tax Increment is defined as 0% of the tax increment derived from the development
property (Long Lake 'Villas.
100
I t
Not to
I
I
Scheduled
Available
Exceed a
Maximum Payments
Expected
Development
Payment Duration
Tax
Payment
Total to Date
211
Property
Date of Payments
Increment
of
Dbli action '12/31/10
Payment
Long Lake Villas
2002 Life of District
Oro
N/A I
,000 $634,0001
0
100
CITY of STILLWATER, MINNESOTA
11
TIF DISTRICT
'
Fund ape: Capital Projects Fund
Fund Number: 4,68
2010
2011
SUMMARY of REVENUES
2009
ADOPTED
ADOPTED $ Increase
AND EXPENDITURES
ACTUAL
BUDGET
BUDGET (Decrease)
REVENUES:
Tait Increment
$
903292
861000
85,000 $ ,
Market Value Homestead Credit
5,209
-
Interest
926
Revenue Total
$
960426
857000
$
857080 -
EXPENDITURES:
Contractual:
Long lake Villas
$
391937
762600
$ (76,500)
Contractual Total
391937
$
767500
$
- $ (76,500)
Legal
750
$
-
$
- -
Other
968
-
Expenditure Total
$
41,655---$
76,500
$
$ (76,500)
Revenues over expenditures
$
84t771
81800
86,008 761800
Net increase in fund balance
$
54,771
$
8,500
$
85,000 $ 761500
Fund Balance - Jan 1
461774
101 ,545
1101,048 81600
Fund Balance - Dec 81
$
1013545
$
110,045
$
195$045 $ 851000
11
CITY F STILLII ATE , MINNESOTA
TIF DISTRICT #9
Fund Type: Capital Projects fund
Fund Number: 469
, `,;, BE
'• 83
Fund Description:
The City Is the administering authority for Development District #1, Tax Increment District #9, Curve Crest Villa TIF
District #. The district is a housing district established in 2002 and has a --year duration upon the receipt of the
first tax increment. 2004 was the date of the first increment receipt and December 31, 2029 is the required date of
decertification.
Promects/Pay-as-you-go Obligations within this district are as follows.
CURVE CREST VILLAS
Curve Crest Villas is a logo to moderate income multifamily rental project. Two notes were issued in the relation
to this project to reimburse the developer for tax increment eligible costs. These notes are as follows:
Totals If $20,00 $66,084
Payments on these notes are payable solely from 1/2 of Available Tax Increment. The City has no obligation to pay
principal and interest on these Notes from any other sources than Available Tax Increment. If at any time there is not
sufficient available increment to make the principal and interest payments, the remaining funds needed to make the
principal and /or interest payments is made by the guarantor in this case the developer). Available Tax Increment is
defined as 0% of the tax increment derived from the development property (Curare Crest Villas) and received by the
City in the sic months preceding the payment date.
1
Balance
Principal
Interest
Note
Issue
Date of
as of
Due in
Due in
Note Issue Number
Amount
Issuance
12/31/10
2011
2011
$445,000 TIF Revenue Note l -1
$445,000
06114/02
$3971500
$10,000
$33,042
X445, 000 TIF Revenue Mote R-2
$4451000
00114/02
$397,500,
$33,0421
Totals If $20,00 $66,084
Payments on these notes are payable solely from 1/2 of Available Tax Increment. The City has no obligation to pay
principal and interest on these Notes from any other sources than Available Tax Increment. If at any time there is not
sufficient available increment to make the principal and interest payments, the remaining funds needed to make the
principal and /or interest payments is made by the guarantor in this case the developer). Available Tax Increment is
defined as 0% of the tax increment derived from the development property (Curare Crest Villas) and received by the
City in the sic months preceding the payment date.
1
CITY F SAILLW TEF , MINNESOTA
103
IF DISTRICT
;. t
Fund Type: Capital Projects Fund
Fund Number: 469
2910
2011
SUMMARY of REVENUES
2999
ADOPTED
ADOPTED Increase
AND EXPENDITURES
ACTUAL
BUDGET
BUDGET (Decrease)
wREVENUES:
Tax Increment
$
693774
689000
$ 65,1000
Interest
147
-
- -
Revenue Total
69,92'
653000
$ 651000 $ -
EXPENDITURES:
Contractual:
Curve Crest Villas
1 t 98
$
58,500
$ 58,500 -
Contractual Total
312398
58,599
$ 68,500 $ -
Legal
'f'
828
-
r
Other
231
Expenditure Total
$
32,254
581500
$ 58,500 -
Revenues over expenditures
371667
6,509
6,500 $
Net increase in fund balance
$
371667
63500
60500 $ -
F'und Balance - Jan 1
21471
407188
461638 61500
Fund Balance - Dec 31
401138
46,838
3313 61500
103
CITE' of STILL 11 TE , MINNESOTA
TIF DISTIRJCT *10
Fend Type: Capital Pro 0 ects Fund
Fund Number:
BEA
Fund Description:
The City is the administering authority for Development District , Tax Increment ent District #10, Scattered Site
Housings Projects (TIF District #10). The district is a redevelopment district established in 2604 and has a 25-year
duration upon the receipt of the first increment. 2006 is the date of the first increment receipt and December 31, 2030
is the required data of decertification.
Debt Obligation:
$5,300,000 General Obligation Tax Increment Bonds, Series 2008S. This debt obligation was issued to contruct a
municipal parking ramp. Net revenues from this distict are its funding source.
Total amount out tanin g as of December 31, 261 o: $5,015,000 (see page 84 for more information on the
debt service obligation).
Protect /Pay -as- ou- oM Obligations within -this district are follows:
LOFTS OF STILLW TER
Lofts of Stilluwrater is a residential and commercial development project consisting of 1 building.
Balance
Principal
interest
Issue Date of as of
Due in
Due in
Bond Issue Amount Issuance 12/31/10
1$21390,0001 1
2011
2011
1$2,390,000 TIF Revenue Bonds 0 120106 $212351000
$85,0001
$1189533
Payments on these bonds are payable solely from Available Tax Increment. The City has no obligation to pay
principal and interest on these bonds from any other sources than /available Tarn Increment. If the available tax
increment is not sufficient to pay the dote payments in full, the guarantor of the Dotes pay the remaining amount. All
available increment is forwarded to a trust account. Funds in the trust are used to make the principal and interest
payments on the bonds. Available Tax Increment is defined as 95% of the tax increment derived from the
development property (Lofts of Stillwater) and received by the City in the six months preceding the payment date.
TERRA SPRINGS
Terra Springs is a residential and commercial development project consisting of 5 buildings. Two 2 Tax increment
Revenue [dotes were issued in relation to this project to reimburse the developer for tax increment eligible costs.
These notes and the buildings they relate to are as follows:
11 Totals J1 $126,00011 $37712sall
Payments on these notes are payable solely from of Available Tax Increment. The City has no obligation to pay
principal and interest on these Notes from any other sources than Available Tax Increment. If the available tax
increment is not sufficient to pay the Note payments in full, the guarantor of the Notes pay the remaining amount.
Available Tax Increment is defined as 95% of the tax increment derived from the development property (building
number of the Term Springs development) and received by the City in the six months preceding the payment date.
104
Balance
Principal
Interest
Building
Issue Date of
as of
Due in
Due in
Note Issue
Number
Amount Issuance
12/31/10
2011
2011
$32255,000 TiF Revenue Note
1,2,4
$3,255,000 12110/03
$3 #026,000
$671000
$1753468
$21925,000 TIF Revenue .Dote
16
2 #923,000 09/15%64
$2,861,000
$50,000
$2013822
11 Totals J1 $126,00011 $37712sall
Payments on these notes are payable solely from of Available Tax Increment. The City has no obligation to pay
principal and interest on these Notes from any other sources than Available Tax Increment. If the available tax
increment is not sufficient to pay the Note payments in full, the guarantor of the Notes pay the remaining amount.
Available Tax Increment is defined as 95% of the tax increment derived from the development property (building
number of the Term Springs development) and received by the City in the six months preceding the payment date.
104
CITY OF STILLWATER, MINNESOTA
105
TI DISTRICT #10
Fund Type. Capital Projects Fund
Fund Number' 470
2010
211
SUMMARY P REVENUES
2000
ADOPTED
ADOPTED
$ Increase
AND EXPENDITURES
ACTUAL
BUDGET
BUDGET
(Decrease)
REVENUES:
Tax Increment
$
111707636
112 0t00O
11200,000
$
Special Assessments
16,029
-
-
-
Market Value Homestead Credit
111936
Interest
481657
Revenue Total
1,2471308
112001000
11200,000
-
EXPENDITURES.
Contractual.
Lofts of Stillwater
$
60,661
$
2401000
250,000
10,000
Term Springs
227973
4051000
3080
(557000)
Lumber wrens
2,132
31500
31500
-
Contractual Total
$
2901766
$
648,500
603,500
(46,080}
Parking Ramp
$
6,603,766
$
-
_
$
Legal
41438
Other
12,336
Expenditure Total
$
5)911,306
$
6481500
603,608
$
(45, 000)
Revenues over expenditures
$
(41663,998)
$
551,500
590.v 00
$
451000
OTHER FINANCING SOURCES (USES).
Transfer Out
$
(443,095)
$
(2852023)
(3'1'1,273)
$
(26,245)
Other Financing Sources Use Total
$
(443,096)
$
(285,028)
$
(311,273 )
$
-
Net increase in fund balance
$
(5$1071093)
$
266,472
$
285,227
18,755
Fund Balance - plan 1
510371993
(89,100)
197,372
266,472
Fund Balance - Dec 31
$
69,10
$
197,372
$
432,599
$
286,227
105
THIS PAGE INTENTIALLY LEFT BLANK
Enterprise Funds
Enterprise Funds ar used by the City to account for the operations that are financed primarily by
user fees.
CITY OF STILL WATER, MINNESOTA
BEA BEA
en en
RH
2011 REVENUES BY TYPE*
Intprpr,t lnrnmp ft A ; e-.—^ I I -,% ei ^ r% j t e-
96%
*Revenues include Operating and Non-Operating Revenues
2011 OPERATING EXPENSES BY TYPE
Depreciation
10%
Services and Charges
63%
108
Supplies
3%
CITY OF STILLWATER, MINNESOTA
IDES
ENTERPRISE FUNDS
1P
R Rf lC +F�
■ I •
2010
2011
SUMMARY OF REVENUES
2009
AMENDED
ADOPTED
$ Increase
AND EXPENSES
ACTUAL
BUDGET
BUDGET
(Decrease)
OPERATING REVENUES
$
219177130
$
23942,000
229822000
40t000
OPERATING EXPENSES:
Personnel Services
802,806
7849478
$
79'1,025
26,547
Supplies
57,309
752600
96,100
20,500
Service and Charges
2,029,222
21038,659
21rl922r32
153,004
Miscellaneous
50,870
421359
461r050
3,700
Depreciation
3221757
3091500
3213700
'12200
Operating Expenses Total
3,2629954
$
3,230,587
3,4471.198
2109611
Operating Income
(345,834)
$
(288,587)
$
(465,'198)
$
(176,011
NON OPERATING ATIN REVENUES:
Interest Income
$
541590
$
851009
$
52,000
(33,000)
Miscellaneous
30:572
58,000
64,000
(41000)
Nonoperating Revenues es Total
$
85,162
$
1431000
$
106,000
$
(37,000)
Net Income (Loss)
$
(260,672)
$
(1453587)
$
(359,198)
$
(213,611)
OTHER INCREASES
Capital Contributions
$
1787000
$
-
$
$
-
Transfer Out
(87,372)
(90,000)
(55,000)
35,000
Other Increases Total
$
90,628
$
(90,000)
$
(56,000)
$
35,000
Net increase (decrease) in not assets
170,044
$
(235,587)
(414j 98 )
$
0178,611
Net Assets - Jan 1
91561,381
91391,337
9J 6517 0
(235, 587)
Net Assets - Dec 31
91391 1337
$
911557750
$
8J411652 52
$
(414,198
■ I •
CITY OF STILL AT R, MINNESOTA
SANITARYSEWER
Fund T'Ype: Enterprise Fund
Fund Number: 700
SEA
Fund Descr Lion:
The Sanitary Sewer Fund was established to account for the operation and maintenance of the City's sanitary sewer
utility system.
Funding Source:
Expenses are c. l l supported by service fees charged to users.
Rates:
Minimum usa char e: $39.00 (Rate established by Ordinance Jo. t 02/0711989)
vera a char e: $3.70 per 1,000 gallons (Rate established by Resolution No. 2006-153, 07/11/2006
2011 Staffing Level:
Full -Time Benefitted
3.95
FTE Full Time Equivalents)
Part-Time Non- Senefitted
2.0
Number of Positions
2011 Budget Impacts:
ts:
Personnel costs include 0% COLA on wages, a 19.26% increase in health insurance rates, and a 10% increase in
dental insurance rates.
- Personnel costs include a State mandated contribution rate increase to PERA . Beginning January 1, 2011 r the
employers contribution to the plan will increase from 7. 0% to 7.25% for the Coordinated Plan.
Metropolitan Council provides water treatment services for the wastewater collected by the City's sanitary sewer
system.
Notes:
- A review of the rates is dame annually to assure the financial integrity of this fund.
110
CITY F STILL DATER, MINNESOTA
••
•
SANITARYSEWER
Fund 'hypo: Enterprise Fund
and Number: 700
2010
2011
SUMMARY F REVENUES
2000
ADOPTED
ADOPTED
$ Increase
AND EXPENSES
ACTUAL
BUDGET
BUDGET
(Decrease)
OPERATING REVENUES:
Charges for Services
1, 8741504
$
13900,000
$
11900,000
-
OPERATING EXPENSES:
Personnel Services:
Salaries - Full Time
$
2401700
2272910
228,005
93
Overtime - Full -time
81196
9,120
91120
-
Salarie - Part Time
61026
139950
13,950
Benefits
80,218
747330
83,381
91051
Personnel Service Total
$
341,209
$
3231310
$
334,456
9,146
Supplies:
$
247403
411100
$
387800
$
(21500)
Service and Charges:
Consulting Engineer
-
1,000
11000
$
Lift ,Station Repairs
211060
20,000
20,000
-
Sewer Line Repairs
91773
25,090
25,000
-
Metropolitan Council
11330, 37
11315,310
1,v41 O0 21 0
947900
Other
182,685
228,206
2179808
(10,400)
Services and Charges Taal
$
11544,511
$
115893510
$
1, 674,016
841500
Miscellaneous:
$
5,834
$
41400
$
43400
$
-
Depreciation:
2683224
$
2721000
$
268,v 0
$
(4,090)
Operating Expenses Total
$
21 183,972
$
212323326
$
2,319,472
$
87,140
Operating Loss
$
(309,468)
(3321326)
$
(419,472)
$
(87,140)
NON OPERATING REVENUES (EXPENSES):
Interest Income
417382
001000
$
40,000
$
(20,000)
Penalty
401920
40,000
402000
-
Other
(10,348)
18,000
14,000
(41000)
Nonoperating Revenues Total
$
727254
$
1187000
94,000
$
(24,000)
Net Income (Loss)
$
(237T214 )
$
(214,326)
(326,472)
$
(111,140)
OTHER IN REASES:
Capital Contributions
$
1387000
$
$
-
Transfer (Out)
(40,000)
Other Increases Total
987000
$
_
$
_
$
_
Net increase (decrease) in net assets
$
(139,214)
$
(2147320)
(326,472)
(111,140)
Net Assets -.Jan 1
81323,253
31849039
71969,713
(214,320)
Net Assets - Dec 31
$
8,1842039
$
7,909,713
$
71644,241
$
(3252472)
11l
CITY OF STILL WATER, MINNESOTA
STORM SEWER
Fund Type: Enterprise Fund :. k
Fund Number: o
Fund Descrilior:
The Storm Sewer Fund was established to account for the operation and maintenance of the City's storm water utility
system. This fund was established pursuant to Ordinance #821 on March 21, 2006.
Funding Source:
Expenses are solely supported by service fees charged to users.
Rates (Established by Resolution fro. 2007-248312/18/2007)-.
in e:Family and Du pl e . $10.00 per dwelling Institutional: $60.00 per acre
Mu lti-Family. . $10.00 per unit Commercial /industrial: $120.00 per acre
Active Open Space: $10.00 per acre Central Business District: $160.00 per acre
2011 Staffing Level:
Full Time 2.95 1 FTE (Full Time Euivaln
2011 Budget Impacts:
- Personnel costs include % COLA on wages, a 1 9.26% increase in health insurance rates, and a
10% increase in dental insurance rates.
- Personnel costs include a State mandated contribution rate increase to PEI A . Beginning January 1 , 2011 t the
employers contribution to the plan will increase from 7.0% to 7.25% for the Coordinated Plan.
- Membership & Dares is dues to the Middle St Groin WMO and the East Metro Water Resource Consultant
(providing the education portion of the IVIS4 permit), and $600 to League of Minnesota Cities -- Coalition of Metro
- Transfer Out includes $55,000 for the Storm Sewer Fund's share of the current years street project (see C1P.
Notes:
- A review of the rates is done annually to assure the financial integrity of this fund.
112
CITY F STILL1I TE , MINNESOTA
113
STORM SEWER
Fund Type: Enterprise Fund
d
Fund Number: 705
2810
2011
SUMMARY Y F REVENUES
2099
AMENDED
ADOPTED
Increase
AND EXPENSES
ACTUAL
BUDGET
BIDET
(Decrease)
OPERATING REVENUES:
Charges for Services
$
491,514
4352000
$
4001000
$
51008
OPERATING EXPENSES:
Personnel Services:
Salaries ^ Full Time
$
2081632
$
1 741726
$
1781198
$
3,472
Overtime - Full -Time
4 507
51359
51350
-
Benefits
52,826
50,129
65,108
8,979
Personnel Services Total
2661055
$
2339205
$
248,858
$
121451
Supplies.
$
63789
51409
16,400
$
101000
Service and Charges.
Consulting Engineer
-
$
17875
$
2,000
$
125
Contractual
2T O28
51000
31450
(11550)
Storm Sewer repairs
12,715
10,000
15,000
5,899
Pond Maintenance
45,885
451000
42,000
(31000)
Other
114,941
62,205
67,010
5,795
Services and Charges Total
175,559
1241080
$
130,360
$
6,280
Miscellaneous:
Memberships and Dues
$
34,329
$
34,709
35,000
$
300
Other
3,547
2,000
41000
21000
Miscellaneous Total
$
42,973
369700
39,000
21300
Depreciation:
16 602
$
2,500
16 #800
$
14,189
Operating Expenses Total
$
507,991
$
4047835
480,016
$
451131
Operating Income
$
(16,477)
$
807115
$
30 #984
$
40,131)
NON OPERATING REVENUES:
Interest Income
$
41873
101000
$
41000
i 90
Other
-
-
-
-
C onoperating Revenues Total
4,873
$
10,000
4,000
$
(61090)
OTHER INCREASES (DECREASES).
Capital Contributions
$
40,009
-
$
$
-
Tranfer Out
(47,372)
(09,009)
(55,000)
35 1000
Other Increases Decreases Total
$
(7, 372)
$
(99:090)
(55x000)
$
351000
Net increase (decrease) in net assets
$
(18,976)
$
115
$
11,0'I)
$
{11,131
Net Assets -.Jan 1
3081823
3791547
379,662
115
Net Assets - Dec 31
$
379,547
$
3797332
368,040
$
11 ,013}
113
CITY OF STILLWATER, MINNESOTA
SIGNS SL LIGHTING
Fund Type: Enterprise Fund
Fund Number: 710
Fund Description :„
P!7.1�_A
The Signs & Lighting Fund was established to account for the operation and maintenance of the City's sign and
lighting infrastructure within the entire City.
Other informartion:
The sign and lighting utility fee was approved and enacted by the City Council, pursuant to Ordinance ##938, on June
17, 2003. The purpose of this ordinance was to "encourage the installation of street lighting (including signage
throughout the City to promote the general health, safety and welfare of the citizens of the City " Benefits from this
system for utility users do not just reside within the general neighborhood of the utility user, but also for the general
use of the entire sign and lighting system within the City limits.
Fundinq source:
Expenses are solely supported by service fees charged to users.
Rates (established by Resolution loo. 2003 -161, 07 #0112003):
Single-Family and Duplexes- per dwelling Commercial: $96 per acre
Muiti -Famil per unit Commercial with S, sue: per acre
Institutional. $24 per acre Active Open ace; $2 per acre
Interfund Obligation
n August 5 , 2 00 3, F esoIution N umber 2003 -173, the City Council approved the funding of the Industrial Parer
Lighting Project (Engineering Project ##2000 -13 ) by the Sign & Lighting Fund. There were insufficient funds, at that
time, in the Sign & Lighting Fund to fund the $265,000 project. The Council authorized an interfund borrowing,
pledging future cash to be used to repay the interfund borrowing. In 2004, when the project was complete, the
Capital Project fund borrowed $105,470 to the Sign & Lighting Fund to cover the negative cash amount of the fund.
As part of the feasibility report for the 2006 Street im provement Project (Forest Hills): Council authorized $40,000 of
funding from the Signs & Lighting Fund to cover costs associated with installation of street lights in the project. The
existing lights in the project area were estimated to be over 40 years old. Another interfund borrowing from the Capital
The balance of the interfund borrowings is as follows:
*Dearly payments are not calculated until the closing of the fiscal year. in other words, the annual payment for fiscal
year 2010 will not be available until March of 2011.
2011 Staffing Level:
Full Time 1.25 1 FTE (Full Time )Equivalents)
2011 Bud -get Impacts:
- Personnel costs include 0% COLA on wages, a 19.26% increase in health insurance rates, and a 10% increase in
dental insurance rates.
- Personnel costs include a State mandated contribution rate increase to PEI A . Beg January 1 , 2011, the
employers contribution to the plan wiII increase from 7.0% to 7.25% for the Coordinated Plan.
Notes:
- An annual review of the rates will be done to assure the financial integrity of this fund.
114
Original
Amount
Balance
Projected
L an
1
Paid*
as of
Amount to
lnterfund Obligation
Amount
to bate
12/31109
be Paid in 2011
Due to Capital Pro ects Fund
$165,470
$05,043
$70,427
$0
Due to Capital Projects Fund
$40,000
so
$401000
0
*Dearly payments are not calculated until the closing of the fiscal year. in other words, the annual payment for fiscal
year 2010 will not be available until March of 2011.
2011 Staffing Level:
Full Time 1.25 1 FTE (Full Time )Equivalents)
2011 Bud -get Impacts:
- Personnel costs include 0% COLA on wages, a 19.26% increase in health insurance rates, and a 10% increase in
dental insurance rates.
- Personnel costs include a State mandated contribution rate increase to PEI A . Beg January 1 , 2011, the
employers contribution to the plan wiII increase from 7.0% to 7.25% for the Coordinated Plan.
Notes:
- An annual review of the rates will be done to assure the financial integrity of this fund.
114
CITY OF STILLWATER, MINNESOTA
-
SIGNS& IG TING
+ Fund Type: Enterprise Fund
Fund Number; 710
SUMMARY OF REVENUES
AND EXPENSES
OPERATING REVENUES:
Charges for Service
OPERATING EXPENSES:
Personnel Services:
Salaries - Full Time
Overtime - Pull -Time
Benefits
Personnel Services Total
Supplies:
Service and Charges:
Contractual
Electricity
Other
Services and Charges Total
Miscellaneous:
Depreciation:
Operating Expenses Total
Operating Income
Net increase (decrease) in net assets
Net Assets - Jan 1
Net Assets - Dec 31
115
2010
2011
2009
AMENDED
ADOPTED
$ Increase
ACTUAL
BUDGET
BUDGET
(Decrease)
3721524
$
3701000
$
370,000
$
-
$
75,045
71,438
711,606
$
108
1,030
2,050
2,000
00
231255
249158
271379
3,720
$
100,330
971650
$
101,484
$
31828
12,095
$
157700
$
21,700
8,000
$
-
$
750
600
$
( 150)
2301894
224,500
238,000
13,500
27,431
301137
30,041
0
$
258,325
$
255,387
$
268,841
$
13,254
$
108
$
250
$
250
$
-
$
$
-
$
$
$
3701858
$
231082
363,993
$
392075
$
11666
$
11007
{22,076}
$
(23,082)
$
11666
$
1,007
(22,075)
$
(23,082)
(191 1317)
(993651 )
(98,844)
17007
$
99,651
$
(983644)
(120,710)
$
22 #075)
115
CITY OF STILLWATE , MINNESOTA
PARKING
Fund Type: Enterprise Fund
Fund Number: 720
SEA j
Fund Description;
The Parking Fund was established to account for the operation and maintenance of the City's downtown parking
program. The parking program consists of 15 parking lots which include free parking with hour limits, pair parking and
permit parking.
Funding Source:_
Expenses are solely supported by parking foes charged to users. Major revenues include pay parking fees, permit
parking foes and parking enforcement fines.
2011 Staffing Level
Full Time 1.10 FTE (Full Time Equivalents)
Part Time 6.0 Number of Positions
2011 Bud-get Impacts:
- Personnel costs include 0% CO LA on wages, a 19.26% increase in health insurance rates, and a 10% increase in
dental insurance rates.
- Personne/ costs include a Mate mandated contribution rate increase to P E RA . Beginning January 1, 2 011 , the
ernplo rers contribution to the plan will increase from 7.0% to 7.25% for the Coordinated Plan.
Notes:
At the recommendation of the Parking Commission, on December 17, 2002, the City Council instituted the City's
management of the Downtown Pay Parking program for 2003. Prior to 2003, the City contracted out the management
of this program. The Pair Parking Program, consists of Lots #1 (South Main St Lot) and Lot # River Lot).
116
CITY of STILLIATEF, MINNESOTA
PARKI
NG
�• { W. Fund Type: Enterprise Fund
Fund Number' 72-0
SUMMARY of REVENUES
AND EXPENSE
OPERATING REVENUES:
Parking Permits
Parking Meters
Parking Fines/Tickets
Operating Revenues Total
OPERATING EXPENSES:
Personnel Services:
Salaries - Full Time
Overtime - Fall Time
Salaries - Part Time
Benefits
Personnel Services Total
Supplies:
Service and Charges:
Miscellaneous:
Depreciation:
Operating Expenses Total
Operating Income
ONOPERATIN REVENUES (EXPENSES);
Interest Income
Sale of Property
Nonoperating Revenues Total
Net Income
Net increase (decrease) in net assets
Net Assets - .dart 1
Net Assets - Dec 31
2010 2011
2009 AMENDED ADOPTED $ I ncrease
ACTUAL BUDGET BUDGET (Decrease)
117
321998
$
401000
33,006
$
(7, 000)
108,928
1153000
110,090
(5,000)
341160
321000
31,000
1 1000)
$
17 ,O 6
$
187,000
174,009
11 3r 00
$
53,181
$
48,780
$
4607
$
(273)
3,505
37000
31000
-
21 ,765
361000
369000
-
16,770
17,527
16,922
1 ,395
$
967221
1 05,307
$
1069429
$
1,122
$
67109
$
131400
$
139400
-
$
49,339
693673
76,006
$
5,330
2,162
1 F 9
'1,000
$
-
$
361869
$
3 f
$
35,000
$
r
1881740
$
224,383
$
230s835
$
61452
122654)
(377333)
$
(66,836)
$
19,452)
$
8,035
$
151000
8,000
$
7 :909)
31036
$
15,000
8,000
$
(7,000)
$
(4,619)
(22,383)
$
(48)835}
$
(26,462)
$
(41819)
(22,383)
$
(46)835)
(26,452)
940,922
9363303
91 33920
(22,383)
$
9361303
$
9131920
$
8653086
$
(48,835)
117
CITY of ST[LLWATEF , MINNESOTA
PARK. {
LTG RAMP
Fund Type: Enterprise Fund �+ * �•
Fund Number: M
Fund Description:
The Parking Ram Fund was established to account for the operation and maintenance of the City's parking ramp.
The parking ramp consists of 239 pay parking spaces and 29 free parking spaces. The Parking lump is located on
rid Street North.
Funding Source:
Expenses are solely supported by parking fees charged to users.
Notes:
For budgeting purposes, the Parking Ramp Fund is separate from the Paring Fund. For financial statement
purposes the parking ramp fund is combined with the Parking Fund.
118
CITY OF STI LL'1111ATE R, MINNESOTA
PAIUUNG RAMP
Fund Type:
.83 Fund Number: 725
SUMMARY OF REVENUES
AND EXPENSES
OPERATING REVENUES:
Parking Permits
OPERATING EXPENSES:
Supplies:
Service and Charges:
Miscellaneous:
Depreciation:
Operating Expenses Total
Operating Income
Net Income
Net increase (decrease) in net assets
Net Assets - Jan 1
Net Assets - Dec 81
2010
2909 AMENDED
ACTUAL BUDGET
$ 2$502
7,918 $
$ '1,428 $
21082
2011
ADOPTED $ Increase
48,000 $ 48,000
$
7,000
$
7,000
64,800
44,300
$
44,300
-
1,400
- $
12400
$
21100
$
2,10
$
111408
$
-
64,800
$
54,800
$
81 01
$
- $
(6,800)
$
(6,800)
$
(83901)
$
-- $
,800)
$
(81800)
(81901 )
$
- $
(6,800)
$
(65800)
--
(81991 )
(81901)
-
$
(81901 )
$
81901 $
'I 8, 0'[)
,800
119
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OTHER
SCHEDULES
THIS PAGE INTENTIALLY LEFT BLANK
CITY OF STILLWATER, MINNESOTA
BEA
o ►� R
2 0 1:1 CAPITAL 0 LAY
DEPARTMENT ADOPTED Account Nam
GENERAL FUND
Wireless (Council Chambers )
2,000
Computer Equipment
Routers (Public Works s to City Hall)
6t000
Computer Equipment
Snitch
3,500
Computer Equipment
Microsoft Licensing
10,000
Computer Equipment
Cabling
12$000
Computer Equipment
Computer Replacement
1,500
Computer Equipment
Anti Virus Softw@re
4,700
Computer Equipment
ArcGIS Lisensing
27400
Computer Equipment
Websense Licensing
3 #635
Computer Equipment
Server
20,600
Computer Equipment
Total MIS
651735
Finance
Software Upgrade pringbrool'
20,000
Computer Equipment
Total Finance
20,000
Administration
Computer Replacement
1,500
Computer Equipment
Total Administration
1,500
PlantlCity Hall
City Hall Improvements
35,400
Improvements
Total Plant/City Hall
351400
Community Develoement
Computer Replacement
1,500
Computer Equipment
Total Community Development
11500
Police
Computer Replacement
3,900
Computer Equipment
MDC Replacement
13,000
Computer Equipment
In -Car Video
3,666
Computer Equipment
Total Police
24,900
Fire
Computer Replacement
2,700
Computer Equipment
SCI3A Receivers
2,000
Computer Equipment
Improvements Unspent
17,642
Improvements
Machinery & Equipment Unspent
4,657
Machinery & Equipment
Firefighter Turnout Gear
1 0,000
Machinery & Equipment
Master Stream Nozzle
4,500
Machinery & Equipment
Minitor V Radian Pagers
4000
Machinery & Equipment
CBA Receivers
2,000
Machinery & Equipment
Total Fire
47,699
Engineering
Computer Replacement
x,400
Computer Equipment
Total Engineering
2,400
Streets
Computer Replacement
1,200
Computer Equipment
Total Streets
1,200
TOTAL GENERAL FUND
200,334
123
CITY OF STILLWATER, MINNESOTA
BEAT i BE
� 3 �� ��� • 113N\
DEPARTMENT
ADOPTED
Account Name
T CROIX VALLEY RECREATION CENTER FUND
St Croix Valley Recreation reati Center ice Arena
Computer replacement
11200
Computer Equipment
P
#500
Computer Equipment
Rack
3,000
Computer Equipment
Improvement (Unspent)
10,000
Improvements
Machinery & Equipment (Unspent)
9,500
Machinery & Equipment
Total St Croix Valleys Recreation Center Ice Arena
26,200
TOTAL ST CROIX 'VALLEY RECREATION CENTER
26,200
LIBRARY FUND
per"atforr
3M SelfCheck
24,000
Computer Equipment
Computer Replacement program
24,000
Computer Equipment
Printer Replacement
2,500
Computer Equipment
Software Upgrades
1,200
Computer Equipment
New Computer Stations & Furniture
5,000
Computer Equipment
Cabling
1,500
Computer Equipment
Total Library Operations
58,200
Plant
Building Monitoring Improvements
3,200
Computer Equipment
Total Library Plant
3,200
TOTAL LIBRARY FUND
61,400
PARKS
Building Improvements-Lily Lake/ Northland Park/Lowell Park
17,300
Improvements
Rarnsey] rovefTriangle Play Equipment
90,000
Improvements
Teddy Bear Turf Replacement
5,000
Improvement
Fertilizer/Seed Mower Attachment
27,000
Machinery & Equipment
Landscape Trailer
3#500
Machinery & Equipment
Mower
38,000
Machinery & Equipment
TOTAL PARKS FUND
181,300
SANITARY SEWER FUND
Computer Replacement
#700
Computer Equipment
Software Upgrades Telernentry
5,500
Computer Equipment
Sewer Lining (Downtown)
5001000
Improvements
Improvements (Unspent)
97,059
Improvements
Lift Station Improvements:
Seal & Waterproof Dry bells- Marine Circle /Mid Oaks
20,000
Improvements
Sewer Chewer/By-Pass Manhole-Nelson Street
35,000
Improvements
Re -roof Lift Stations-Nelson/Aiple/Brick St
44,000
Improvements
TOTAL SANITARY SEWER FUND UNB NDED)
$
754;259
SIGNS & LIGHTING
Computer replacement
1,200
Computer Equipment
Driver Feedback Sign
5,000
Machinery & Equipment
TOTAL SIGNS & LIGHTING FUND (UNB LADED )
61200
TOTAL 2010 CAPITAL OUTLAY 1 t22 t 93
124
CITY F STILLWATE , MINNESOTA
SEA SEA
1� 2 0 It It CAPITAL 0 LAY
r
7 (Financing) IS'- fl
FINANCING:
Bonded GO Capital Outlay (2009 Bond Issue
General Fund
St Croix Valley Recreation Center Fund
Library Fund
Parks Fund
Total GO Capital Outlay (2009 Bond Issue)
Total Bonded Capital Outlay
Non - Bonded Capital Outigy
Sanitary Sewer Fund
Signs & Lighting Fund
Total Non - Banded Capital Outlay:
TOTAL BONDED AND NON - BONDED CAPITAL OUTLAY:
200,334
20,200
61,430
181,300
469,234
46%
74f2
6,200
760,459
'1,29,693
Funding is subject to change based on the closing of 2010 and the available 2009 capital bond proceeds,
125
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CITY OF STILLWATER
SEA `� SEAS
E
Mbql INA
..
The City has set aside Capital reserves which have been used mainly for the City's share of a major project. These
funds come mainly from the early retirement of debt where there is no future commitment of these funds and
unexpected income where, again, there is no future commitment of these funds. Committed and expected use of
those funds are as follows:
Balance of Capita! Reserves s as of 12/31109: $ 41605711
201
Commitments approved and in progress-
2009 Street Improvement Project 727,41
2009 Mill & Overlay (91,556
2010 Street improvement Project (6129698)
Excess Funding (Washington Avenue Mill & overlay) 1527876
2011
Expected Future Commitments (from 2009 --2018 C
2011 Street Improvement Project 16,858}
Expected Balance less approved and future commitments:
Less Capital Reserve amount be be retained*
Expected Available Balance as of 12/31111:
127
2150%467
(2,000,000)
609,467
CITY OF r MINNESOTA
'BEA S A
The City funds its capital purchases with capital outlay bond proceeds which are issued annually and repaid through
the debt service tax levy. The City's policy is to maintain a level debt service (bond principal and interest). This
level debt service, in turn, provides for a level debt service levy. As part of the City's planning process, the City's
policy is to budget and fund (using capital outlay bend proceeds) for larger projects over multiple years to reduce the
impact on the bond issuance for any given budget year. Below is a list of capital projects /funds that already have
been budgeted and bonded for, and that have been set aside (reserved) for future purchase (beyond 2011)-
EXPECTED
BUDGET AMOUNT YEAR of
PROTECT DESCRIPTION YEAR IN RESERVES FUNDING OU CE FUND PURCHASE
Lowell Park Improvement 2001 1801000 2001 CO Bonds 423 2012
Lowell Park Improvement 2002 $1751000 2002 Co Bonds 423 2012
Lowell Parr Improvement 2008 $1651000 2003 Co Bonds 420 2012
Pedestrian Plaza
2005
$375,000
2005 CO Fonds
405
2011
Refrigeration Retrofit
2008
$001000
2008 CO Bonds
408
2012
Refrigeration Retrofit
2009
$1608,000
2009 CO Bonds
409
2012
Insulation
2009
$70,000
2000 CO Bonds
409
2012
Roll off Truck
2007
$24)100
2007 Co Bonds
407
2O12
Roll off Truck
2008
$40, 400
2008 Co Bonds
408
2012
.Roll off Truck
2009
$105,250
2009 CO Bonds
409
2012
*Proiects that also have funding included 1n the
2011 Capital Outlay.
See pages 128 -'125.
128
cnrj
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CITY of STILLWATEF
BEA j BEA T
r +�
GLOSSARY OF ERMS
4.
Adopted Budget The financial plan of revenues and expenditures for a fiscal year as adopted by the City Council.
Appropriation An authorization ma de by the legislative body of a government, which permits officials to incur
obligations against and to male expenditures of governmental resources. Appropriations are
usually made for fixed amounts and are typically granted for a one -year period.
Department An organizational unit of the City that manages an operation of related operations within a
functional area.
Balanced Budget A budget in which planned funds equal planned expenditures.
Bond A written premise to pay (debt) a specified sum of money (principal or fake value) at a specific
future date (maturity date) along with periodic interest paid at a specified percentage of the
principal (interest rate). Bonds are typically used for long-term debt.
Bond Rating A rating from a schedule of grades indicating the probability of timely repayment of principal and
interest on bonds issued by the rating entity (the City),
Bonded Outstanding debt by issuance of bands, which are repaid with property taxes, special
Indebtedness assessments, tax increment, or other revenue.
Budget A financial plan that presents proposed expenditures (both operating and capital) for a fiscal year
and estimates of revenue to finance those expenditures.
Capital Assets Assets of the City (buildings, vehicles, land, infrastructure) with an expected life of more than two
years and a unit cost of 1 000 and greater. Capital Assets are sometimes referred to as fined
assets.
Capital A -year plan that identifies priorities and a timefrar a for undertaking capital projects and
Improvement Plan provides a financing plan for those projects.
1P)
Capital outlay A level of budgetary appropriations that include expenses for the addition of capital assets such
as land, building, machinery & equipment.
Certified Property Total tax levy of a jurisdiction which is certified to the County.
Tax Levy
Charges for Consists of a wide variety of fees for services charged by City agencies.
Services
Class Fates The percent of market value set by state law that establishes the property °s tax capacity subject
to the property tax.
COLA Cost of Living Adjustment
contingency An appropriation of funds to cover unforeseen events that occur during the fiscal year.
Contingency appropriations for the City of Stillwater are found under Mayor & City Council and
the unallocated departments of the General Fund.
131
CITY of STILLWATER
BE
BEAU
Pti}'�
A.
• 3
Culture and For reporting purposes only, this program category are expenditures related to cultural and
Recreation recreational activities maintained by the city for the benefit of residents and visitors. They
include, but are not limited to Special Events, St Croix ► all ey Recreation Center, Library, and
Parks.
Date Due The final date that the amount due can be paid before late fees begin to incur.
Debt Limit The maximum imum amount of gross or net debt that is legally permitted.
Debt Margin The amount of available debt that be issued by a governmental unit before reaching its debt limit.
Debt Service Payment of interest and repayment of principal to holders of a government's debt instruments.
Deferred Payment postponed until a future time, by resolution of a taking authority.
Deficit The excess of an entity's liabilities over its assets, or the excess of expenditures or expenses
over revenues during a single accounting period.
Department Basic organizational unit of government responsible for carrying out related functions.
Depreciation The systematic allocation of the cost of an asset over its useful life. For the City of Stillwater,
depreciation is only expensed in it's enterprise funds (Sanitary Sewer, Storm Sewer, Signs
Lighting. and Parking)
Estimated Market
An assessor's estimate of what property would be worth on the open market if sold. The ,market
Value
value is set on Jan. 2 of the year before taxes are payable.
Equalization
The process undertaken by different government bodes to ensure that all property under its
jurisdiction is equitably assessed in terms of uniformity and consistency. Washington County
holds a "Board of i e iew" during the ,month of [day.
Fines & Forfeits
Receipts from penalties imposed for violation of laws or regulations, or neglect of duty.
Fiscal Disparities
Cities in the seven - county (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, Washington)
metropolitan area and in the Taconite Area portions of St. Loins, Itasca, Crow Wing, and Aitk n
counties, and all of Lake and Cook counties) participate in a program to share property tax base
known as the "fiscal disparities program." The metropolitan -area program began in 1975 while the
program for the Taconite Area began in 1 998. Each year, 40 percent of the growth in corn Mercia1,
industrial, and public - utility tax capacity in each city since the base year of 1971 for the metro and
1995 for the Taconite Area is contributed to a shared pool. Participating cities receive a tax
capacity distribution from this pool that is determined by comparing each city's market value per
capita to the average market value per capita. Each city's distribution leery is generated by
applying the local tax rate to the distribution tarn capacity.
Fiscal Disparities The tax capacity contributed to the Metropolitan and Iron Gunge fiscal disparities programs. Cities
Tax Capacity in Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, Washington, Lake, and Cook counties and
Contribution portions of St. Louis, Itasca, Crow Iflfing, Aitk in, and Koochiching counties are affected by these
programs.
Fiscal Disparity The tax capacity received from the fiscal disparities programs. only cities located within the Twin
Distribution Cities metropolitan area and the Taconite belief Area are affected by these programs.
1
CITY of STiLLWATE
GLOSSARY OF ERMS
Fiscal Year Any period of 12 consecutive moths designated as the budget year or financial reporting year).
The City of Stillwater budgets on an annual basis with the fiscal year beginning on .January 1 and
ending on December 31.
Franchise Fees Fee imposed on foal sales of public utility services which in turn grants "blanket" access to City
right -a -way to install /repair public utility services. The City of Stillwater imposes a franchise fee
on gas and electric utility services.
Full -Time A unit for measuring staffing levels equal to one position working 40 hours per week for an entire
Equivalent (FTE) year (2,080 hours per year).
Fund An independent fiscal accounting entity with a self-balancing set of accounts recording cash and
for other financial resources, together with al related liabilities and residual or equities, which are
segregated for the purpose of carrying on specific activities or attaining certain objectives in
accordance with special regulations, restrictions or limitations:
Full Faith and A pledge of the general taking power of the City to repay debt obligations.
Credit
Fund Balance The cumulative excess of revenues over expenditures in a fund at the end of a fiscal year for
governmental funds.
GAB An organization whose main purpose is to improve and create accounting reporting standards or
overn ent generally accepted accounting principles GAAP)- These standards make it easier for users to
Accounting understand and use the financial records of both state and local governments
Standards Board)
GAAP LGeneral Conventions, rules and procedures that serve as the norm for the fair presentation of financial
Accepted statements.
Accounting
Principles)
General For reporting purposes only, this program category refers to those expenditures that are related to
Government the programs and services that are associated with general centralized City functions. They
include, but are not limited to, Administration, Legal, Finance, Elections, Community
Development, and City Council.
General Insurance For the City of Stillwater, this consists of worker's compensation insurance and Property &
general liability insurance. Currently, the City purchases its insurance through the League of
Minnesota Cities Insurance Trust
Homestead For property tax purposes: this classification is a tax benefit granted to property owners or
qualifying relatives who are Minnesota residents and who own and occupy their homes as their
primary places of residence.
Interest Earnings Used to describe all revenues received in a period from investment earnings and penalties
interest imposed on delinquent property takes and special assessments.
Interfund Transfers Flows of assets (such as cash or goods) between funds without equivalent flows of assets in
return and without requirement for repayment.
Intergovernmental Revenues from other governments in the fora of grants, entitlements or shared revenues. Does
Revenue not include charges for services provided by a city fund to another government.
133
CITY OF STI LLWATE
BE4 SEA
co'.
IZI
Legal Description This may be an abbreviated method of geographically identifying a parcel of land for to
purposes. The county recorder ,maintains the recorded legal description, which is acceptable in a
court of Iaw.
Levy To impose taxes, special assessments, or service charges for the support of governmental
activities.
Leery limit The maximum amount which is permitted to be levied by a taking jurisdiction as established by
Minnesota Statutes. For budget years 2009, 2010 and 2011, levy limits are in effect for city's
with a population of over 6,000.
Licenses and Revenues derived from the issuance of local licenses and permits including liquor and
Permits occupational licenses, building permits, and other miscellaneous permits.
Local Government An intergovernmental revenue from the State of Minnesota and recorded as L A in the revenue
Aid (L GA) section of the General Fund. The amount of Local Government Aid given to a particular city is
based on a formula approved by the Mate Legislature. Components of the formula include (but
not limited to ) vehicle accidents, population, housing units, etc. This aid originally was designed
to provide tax relief and equalization among cities. Daring the 2008 (for budget year 2000)
legislature session, the distribution formula changed yet again. LA payments are made in two
equal installments on or around July 21 and December 26 of each year.
Local Tax bate The rate used to compute takes for each parcel of property. Local tax rate is computed by dividing
the certified leery (after reduction for fiscal disparities distribution levy and disparity reduction) by
the taxable tae capacity.
Market Value A State run program designed to provide state -paid property tax relief to owners of certain
Homestead Credit qualified homestead property. Qualifying homeowners do not have to apply for this credit -it is
( VHC) automatically applied to the owner's property takes. The State then reimburses the City for the
value of the credit. MVHC payments are disbursed to Cities on or around Oct 31 and Dec 26.
Miscellaneous Revenues not properly classified as takes, licenses and permits, intergovernmental revenues,
Revenues charges for services, or fines and forfeits..
Municipal Mate Ald The Minnesota constitution requires that state gasoline takes and ,motor vehicle registration fees
provide funding for certain city, county and state roads. These revenues are distributed through
the highway user distribution fund. This fund is distributed by the Department of Transportation
for state trunk highways and for certain county and city roads through the county state highvwray
CSAH and municipal state aid (MSA programs. Twenty -nine percent of the fund is dedicated
for certain county roads and highways. Dine percent is dedicated to cities with populations of
over 5,000. The remaining 62 percent is dedicated to Mate trunk highway system. certain
construction standards must be adhered to before a rood can be designated as an city LISA
street. The City of Stillwater does have some roads within the city limits designated as MSA
streets. This revenue sources is recorded in the revenue section of the General Fund.
Other Financing Increase in current financial resources that is reported separately from revenues to avoid
Sources distorting revenues trends. GA AP provide for the use of the other financing sources category in
five specific instances: 1 Issuance of Debt; Interfund transfers; Proceeds of the sale of
capital assets; 4 Insurance Proceeds; and 6 Payments on demand bonds.
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CITY OF ST1 LLWATER
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Other Financing Decrease in current financial resources that is reported separately from expenditures to avoid
Uses distorting expenditure trends. GAAP provide for the use of other financing uses category in four
specific instances: 1 Issuance Discounts on long -term debt; Refunding transactions; (3)
Interfund Transfers; and 4 Reclassification of demand bonds.
Parcel Number A unique number used as the identifier of each parcel. It is sometimes referred to as the parcel
identification number (PIN) and a format as follows x being a number): xx.xxx.xx.xx. xxx.
PERA Public Employees Retirement Association of Minnesota. Established in 1931, PERA administers
three statewide retirement plans providing defined benefit plan coverage to employees of local
governments and school districts, and one statewide retirement plan providing defined
contribution DCP coverage to elected officials and medical personnel. All four retirement plans
are qualified retirement plans under Section 491 a of tine Internal Revenue Code.
Personnel Services A level of budgetary appropriations that include expenses for wages, employee benefits and
required employment takes.
Program A group of related activities performed by one or more organizations units for the purpose of
accomplishing a function for which the City is responsible (General Government, Public Safety,
Culture and Recreation etc.).
Property class The statutory classification assigned to each parcel of property based on the use of the property.
For example, owner - occupied residential property is classified as homestead.
Property Tax in general, a tax levied on any hind of property; that is, real, personal, or a mobile manufactured
home. The amount of the tarn is dependent on the value and property tax classification of the
property.
Property Tax Levy The tax imposed by a local unit of government. Tire tax is established on or around Dec. 28 of the
year preceding the year the leery will be paid by taxpayers. For the City of Stillwater, the tax levy
consists of a General Tax Levy (funds used for basic operations of the City) and a Debt Service
Levy (funds needed for the repayment of certain bond issues)
Property Taxes Used to describe all revenues received in a period from current takes and delinquent takes.
Property takes are levied on both real and personal property according to the property's valuation
and tax rate.
Public Safety For reporting purpose only, this program category are expenditures related to protection of
persons and property. They include, but not limited to, Police, Fire, Civil Defense, and wilding
Inspections.
Public Employee All full -time and certain part -time employees of the City of Stillwater are covered by defined
Retirement benefit pension plans administered by the Public Employees Retirement Association of
Association Minnesota (PERA). PERA administers the Public Employees Retirement Fund PERF and the
(PERA) Public Employees Police and Fire Fund PEPFF which are cost- sharing, multi ple-emplo rer
retirement plans. This plan is established and administered in accordance with Minnesota
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Statutes # Chapter 353 and 356. PERF members belong to either the Coordinated Plan or the
Basic Plan. Coordinated Plan members are covered by Social Security and Basic Plan members
are not. All new members must participate in the Coordinated Plan. All police officers,
firefighters and peace officers who qualify for membership by statute are covered by the PEPFF.
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CITY OF S T I L LWAT E
SEA $ FA'
GLOSSARY OF ERMS
Public Works For reporting purposes only, this program category are expenditures related to the maintenance
and enhancement of the City's infrastructure. They include, but are not limited to, Engineering
and Streets. Some of the City's enterprise funds {such as Sanitary Sewer, Storm Sewer and
Signs & Lighting ) along with the parks department fail under the City departmental organizational
chart as public works. For reporting purposes, these expend itures/e penses are not categorized
as public works expenditures/expenses.
Reserve An account used for recording a portion of the fund balance which must be segregated for some
future use and which is, therefore, not available for further appropriation or expenditure.
Resolution A special or temporary order requiring less, legal formality than an ordinance or statute of a
legislative body.
Services & A level of budgetary appropriations which include expenses for outside professional services,
Charges advertising, insurance etc.
Special A leer made against certain properties to defray part or all of the cost of a specific improvement
Assessment or service which is presumed to be of general benefit. Funds are collected by the County with
other property taxes and then disbursed to the local government.
Special Principal amount due to pay off the assessment in full.
Assessment
Balance Due
Supplies A level of budgetary appropriations which include expenses for commodities that are used. e.g.
office supplies, repair and maintenance supplies etc.
Tax Capacity The valuation of property based on market value and statutory class rates. The property tax for
each parcel is based on its tax capacity.
Tax Capacity Rate Tax rate applied to the tax capacity to generate property tax revenue. The rate is obtained by
dividing the property tax levy of the City) by the total of the City) tax capacity.
Tai moll The official list of each taxpayer subject to a property tax, together with the amount of the
assessment and the amount of takes due. It is also known as the tax book that lists the names of
the owners or those taxpayers that receive the tax statement.
Tax Increment A district created by local governments under State of Minnesota Statues whereby public
District improvement expenditures within the district are financed by the tax levy on the incremental
increase in property values.
Tarts A mandatory contribution of ,money collected by the government, according to law, for the general
support of the government and for the maintenance of public service , whether federal, state, or
local.
Taxable Market This is the value of the parcel that the takes are actually based on (after all reductions, limitations,
Value exemptions and deferrals). This value along with the class rate and the budgets of the local
governments the parcel is located inn determines the amount of property takes owned.
Total Tax Capacity The amount computed by first totaling the tax capacities of all parcels of property within a city.
Adjustments for fiscal disparities, tax increment and a portion of the power line value are made to
this total since not all tax capacity is available for general tax purposes.
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CITY of STILL WATER
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CIL SEA
GLOSSARY OF TERMS
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Truth -in -Taxation The "taxation and notification law" requires local governments to set estimated levies, inform
taxpayers about the impacts, and hold a separate hearing to take taxpayer input.
Truth -in Ja ati n A notice ,nailed to property owners in November showing what the assessed value of the property
Notice will be for the following year and giving a preliminary estimate of the property tax amount for the
following year. The amount is based on preliminary levies submitted by Anoka County, your city
or township, your school district, and other taxing authorities.. Dates and times are given for
upcoming public meetings with all those bodies at which objections to the levy amounts may be
expressed. This notice does not include amounts for waste management fees, special
assessments, or school district referenda subsequently approved.
Waste A charge levied against all improved County properties. Revenues from which are used to
Management Fee protect our public health, land, air and water through waste-to-energy conversion, extensive
recycling efforts, household hazardous waste collection, yard waste composting, public
information and waste reduction.
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