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HomeMy WebLinkAbout2014 Budget BookCITY OF STILLWATER ��E B EAUT�F E BEA tj GUITY , STILLWATERMINNESOTA G Nis a 3 n��' Nis • a 3 n�� 216 4th Street North Stillwater, MN 55082 Phone: 651.430.8800 Web Address: www.ci.stillwater.mn.us PREPARED BY THE FINANCE DEPARTMENT 2014 BUDGET CITY OF STILLWATER, MINNESOTA TABLE OF CONTENTS 2014 BUDGET I. INTRODUCTION CityOfficials................................................................................................................. 3 MissionStatement............................................................................................................ 4 OrganizationalChart ......................................................................................................... 5 CertifiedLevy.................................................................................................................. 6 Debt Service Levy Obligations............................................................................................ 7 BudgetOverview............................................................................................................. 8-10 Property Tax Calculation................................................................................................... 11-13 Trend Information: Total Certified Levy (past 10 years)...................................................................................... 16 City Tax Rate (past 10 years).......................................................................................... 17 General Tax Levy and Levy Limits (past 10 years)............................................................... 18 Local Government Aid & General Tax Levy (past 10 years) ................................................... 19 Bond Rating (past 10 years)............................................................................................ 20 II. BUDGET SCHEDULES A. GENERAL FUND General Fund Summary ............................................................................................. 24-25 Revenues............................................................................................................... 27 Expenditures: Mayorand Council................................................................................................. 28-29 Elections.............................................................................................................. 30-31 MISSupport Services............................................................................................. 32-33 Finance............................................................................................................... 34-35 Administration....................................................................................................... 36-37 Legal/City Attorney................................................................................................. 38-39 Plant/City Hall....................................................................................................... 40-41 Community Development......................................................................................... 42-43 Police.................................................................................................................. 44-45 Fire..................................................................................................................... 46-47 Inspections........................................................................................................... 48-49 CivilDefense........................................................................................................ 50-51 Engineering.......................................................................................................... 52-53 Streets................................................................................................................. 54-55 Unallocated.......................................................................................................... 56-57 B. SPECIAL REVENUE FUNDS Special Revenue Funds Summary ................................................................................ 60-61 SpecialEvents......................................................................................................... 62-63 St Croix Valley Recreation Center................................................................................ 64-65 Library.................................................................................................................... 66-67 Parks..................................................................................................................... 68-69 Downtown Beautification............................................................................................ 70-71 Washington County Recycling Grant............................................................................. 72-73 DARE..................................................................................................................... 74-75 CITY OF STILLWATER. MINNESOTA BEATABLE OF CONTENTS UTY G t FG 2 (Continued) C. DEBT SERVICE FUNDS Debt Service Funds Summary ..................................................................................... 78-79 GOCapital Outlay Bonds........................................................................................... 80-81 GO Improvement Bonds............................................................................................. 82-73 GO Tax Increment Financing Bonds............................................................................. 84-85 GORevenue Bonds.................................................................................................. 86-87 OtherLong -Term Debt............................................................................................... 88-89 D. CAPITAL PROJECT FUNDS Capital Project Funds Summary ................................................................................... 93 Tax Increment Financing District#6.............................................................................. 96-97 Tax Increment Financing District#8.............................................................................. 98-99 Tax Increment Financing District#9.............................................................................. 100-101 Tax Increment Financing District#10............................................................................ 102-103 E. ENTERPRISE FUNDS Enterprise Funds Summary ......................................................................................... 104-105 SanitarySewer......................................................................................................... 106-107 StormSewer............................................................................................................ 108-109 Signs& Lighting....................................................................................................... 110-111 Parking................................................................................................................... 112-113 ParkingRamp.......................................................................................................... 114-115 III. OTHER SCHEDULES CapitalOutlay................................................................................................................. 119-123 Reserves CapitalReserves.......................................................................................................... 125 BondProceeds............................................................................................................. 126 IV. APPENDIX Glossary........................................................................................................................ 129-135 k"i ti 0', CITY OF STILLWATER, MINNESOTA BEAUlE BEAUl/' CG G OFFICIALS � ✓�---moo January 1, 2014 ELECTED OFFICIALS Mayor Ken Harycki Term Expires: January 2015 Councilmember's Ward 1 Doug Menikheim Term Expires: January 2015 Ward 2 Ted Kozlowski Term Expires: January 2017 Ward 3 Tom Weidner Term Expires: January 2017 Ward 4 Mike Polehna Term Expires: January 2015 APPOINTED OFFICIALS Larry D. Hansen, City Administrator/Treasurer David T. Magnuson, City Attorney Shawn Sanders, Public Works Director/City Engineer Bill Turnblad, Community Development Director Sharon Harrison, Finance Director John Gannaway, Police Chief Stuart Glaser, Fire Chief Lynne Bertalmio, Library Director 3 Ul I Y Ur J I ILLVVA I ttK, IVIIIVIVtJU I A BEAUTSNE BEAUI�.c G G o .. ;jMISSION 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 Council in 1995 Pra rpp Types: General Government Culture and Recreation CITY OF STILLWATER, MINNESOTA ORGANIZATIONAL CHART CITY ATTORNEY CITIZENS OF STILLWATER o DOWNTOWN BOARDS AND BEAUTFICATION�-H COMMISSIONS CITY ADMINISTRATOR/ TREASURER ELECTIONS COM'MUNI"E"YFINS �+?'�CE' � DEVELOPMENT L MIS PUBLIC WORKS AOMINISTRATION PLANTIC ITY'HALL SPECIAL EVENTS SA�gIITA � � I ' T I E 5 HERITAGE PRESERVATION COMMISSION PLANNING COMMISSION PARKS BOARD JOINT CABLE COMMISSION HUMAN RIGHTS COMMISSION LIBRARY LIBRARY BOARD 4 ST CROiX VALLEY RECREATION ENTER PARKS CITY OF STILLWATER, MINNESOTA �E BEAUI/F r7F. BEAUTjF G G Pursuant to Resolution 2013-201, on December 3, 2013 the City Council adopted the final certified tax levy of $10,624,986 for taxes collected in the year 2014. This levy consists of the General Operating Levy and Special Levy(s). 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 $ 7,606,066 SPECIAL LEVY(S): Debt Service Lew 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 in the year 2013 is $2,971,497 and consists of the following Debt Service Obligations: Fund # Required Lew for 2012 Amount 307 G.O. Capital Outlay 2007A 196,324 308 G.O. Capital Outlay 2008A 223,821 309 G.O. Capital Outlay 2009A 218,243 312 G.O. Capital Outlay 2012A 550,395 315 G.O. Capital Outlay 20056 283,870 316 G.O. Capital Outlay 2006A 382,809 319 G.O. Capital Outlay 20096 103,478 324 G.O. Capital Outlay 2014 (Armory) 85,000 329 G.O. Capital Outlay 2009D 392,766 385 G.O. Sports Center 2005C 242,109 389 G.O. Sports Facility Revenue 2009C 90,105 Subtotal $ 2,768,920 New Debt 314 G.O. Capital Outlay 2014 250,000 Total Debt Service Tax Levy $ 3,018,920 Debt Service Lews Reduced Due to other available funding already available, the following debt service levy was reduced: 389 G.O. Sport Facility Revenue 2009C O LEvY/ • , `p O J T TOTAL CERTIFIED LEVY The above graph shows the amount of debt service required to be levied for each budget year beginning with 2012. The amount of levy can be reduced or "cancelled" if there are sufficient funds available to pay the required debt service. Year 2014 rcFp-F a 10 u 'yk0ve� $2,686,704 Iuiue &,xnds $412,997 Total $3,099,701 2015 $2,210,883 $423,313 $2,634,196 2016 $1,970,919 $426,778 $2,397,697 2017 $1,384,823 $424,237 $1,809,060 2018 $1,349,060 $174,326 $1,523,387 2019 $1,242,753 $173,880 $1,416,633 2020 $1,054,995 $0 $1,054,995 2021 $758,446 $0 $758,446 2022 $455,955 $0 $455,955 2023 $373,559 $0 $373,559 2024 $370,319 $0 $370,319 2025 $371,850 $0 $371,850 Note: The above levy amounts do not include amounts for any anticipated bond issues for 2013 and beyond. 1 CITY OF STILLWATER, MINNESOTA ,��E B EAUT�F t�E 11141,-M G i 1 Do A11,43AA O O General Description and Form of Government The City of Stillwater, incorporated in 1894, is a growing community located on the St Croix River in 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 18,638. The City of Stillwater operates under the "Home Rule Charter" form of government under the provisions of State 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 is responsible, among other things, for passing ordinances, adopting 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 The City provides a 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 infrastructure. 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 expenditures/expenses. Government resources are allocated to 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 as follows: Governmental Funds - Governmental Funds are used to account for the "governmental -type" activities of the City (e.g. activities that receive a significant portion of their funding from property taxes, state aids, and various grants). The Governmental Funds budgeted for the City are the General Fund, Special Revenue Funds, Debt Service Funds, and Capital Project Funds. Proprietary Funds - Proprietary Funds are used to account for the "business -type" activities of the 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 Budgeting The Governmental Funds are budgeted and accounted for on a modified accrual basis. Under this method, revenues are recognized when they are measurable and available. "Measurable" means the amount of the transaction can be determined and "available" means collectible within the current period or soon enough thereafter (usually within 60 days after the end of the year) to pay liabilities of the current period. Expenditures are recognized when a transaction is expected to draw upon current spendable resources, rather than future resources. The Proprietary Funds are budgeted and accounted for on a full accrual basis. Under this method, revenues are recorded when earned and expenses are recorded at the time the liabilities are incurred. (_ITV ng: CTII I WATER MIAINFSfITA BEAUr�F QIIPIgw� f BUDGETOVERVIEW 'm 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 financial costs of the implementation of these policies and include them in the budget where economically feasible. 2014 Budaet Calendar: 2013 April Finance Department begins budget process by preparing projected wages, benefits and insurance costs for the upcoming fiscal budget year. May 1 The proposed budget calendar, the budget workshop meeting dates, and the date for the adoption of the proposed budget, tax levy and the setting of the truth- n -taxation hearing dates are May 23 Budget worksheets are distributed to Department Heads/Division Supervisors for completion. June 14 Completed budget worksheets are due to the Finance Department. The Finance Department assembles the preliminary (requested) budget information. July 11 -August 9 The City Administrator reviews requested budget, meets with Department Heads to review budget requests, and makes recommendations regarding the budget. August 10 -14 Finance Department makes adjustments and prepares City Administrator's preliminary proposed budget. August 16 City Administrator's preliminary proposed budget is distributed to the City Council for review. August 20 & 27 Council meets during a budget workshop session with the City Administrator and Department August 28 - 30 The Finance Department makes budget revisions and prepares the final proposed budget for September 3 Council adopts the proposed budget, the proposed tax levy and sets the Truth -n -Taxation meeting dates. Prior to State Statutes require that the proposed budget, the proposed property tax levy and the Truth -n - September 15 Taxation meeting dates MUST BE certified to the County Auditor no later than September 15. November The County to send out Truth -in -Taxation parcel specific notices based on the proposed budget/levy certified to the County Auditor prior to September 15. November 19 Notice of 2014 T -N -T Budget meeting announced. December 3 City to hold the Truth -n -Taxation meeting. Council adopts final budget and final property tax levy. Prior to Finance Department certifies the final property tax levy and the final budget to the County Auditor December 30 and the MN Department of Revenue. NOTE: Minnesota State Statutes require that a preliminary property tax levy resolution be certified to the County Auditor by September 15 of each year. Once the City adopts the proposed tax levy, the final tax levy can ONLY remain the same or be decreased, not increased. N CITY OF STILLWATER, MINNESOTA SSE BEAUT�F ,��,E BEA�r�F / / , i�U n mVERVIEW afl (Continued) 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 (TIF 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 Program 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. Property Tax Levy 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 PERA 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 Hearing 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 3, 2013 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. 10 g�,,jr' :�G, ' ,PERTY AX 1 CULATION x ! ' o �o MARKET VLAUE EXCLUSION All homesteaded property under $413,800 in property value will receive a Homestead Market Value Exclusion. The homesteaded property no longer receives a credit that reduces the property taxes paid. Instead, a portion of the property's value will be excluded from taxation. The Homestead Market Value Excludes from taxation 40% of the value on the first $76,000 of a property's value. The amount excluded is reduced as the value rises over $76,000 (the exclusion reduction is equal to 9% of the value over $76,000). Homesteads that $413,800 in value will receive no homestead exclusion. The chart below gives examples of the exclusion amount on various value homes: Estimated Market Value Taxable Market Value Taxable Market Value (after Exclusion) $76,000 $30,400 $45,600 $150,000 $23,740 $126,260 $250,000 $14,740 $235,260 $350,000 $5,740 $344,260 $400,000 $1,240 $398,760 $425,000 $0 $425,000 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. Property Tax Revenue Needed (Levy)* Less Fiscal Disparity Contribution divided by = equals Box 7 City's Property Tax Rate Box 4 City -Wide Assessor's Market Value Less Market Value Exclusion x times Box 5 State State Mandated Class Rates Box 6 Total City -Wide Taxable "Tax Capacity" 11 �t. BEAupic ,� sea�r�PROPERTYTAX CALCULATION CALCULATION OF PAYABLE 2014 CITY PROPERTY TAX RATE (ESTIMATED): City Budget Governmental Funds Budget $ 13,884,862 Debt Service Budget 4,994,549 Total City Budget $ 18,879,411 Box 1 Less Non -Property tax revenues 8,254,425 Box 2 Certified Levy $ 10,624,986 Less Fiscal Disparity Contribution 1,212,159 Box 3 City Levy $ 9,412,827 Box 4- City Taxable Tax Capacity $ 16,168,840 Box 7 City Tax Rate (estimated) 58.216% HOW CITY PROPERTY TAXES ARE CALCULATED Step 2. Calculate Individual Parcels City Property Tax ��0111o1111A ass Il rl)Perty,sJltjlet, 1aX ��r 7' i1 II altCy1,�RgE!Y V`a '', �.ri NET TAX CAPACITY The Net Tax Capacity is calculated by multiplying the Taxable Market Value less the Market Value Exclusion of the parcel by the appropriate assigned Class Rate of the parcel. - the Taxable Market Value (TMV) refers to the amount of value of the parcel that is used in calculating taxes. The TMV is determined by Washington County Assessor's office and then reduced by the Market Value Exclusion. - the Class Rate is based on the assigned use or classification of the parcel. Class Rates are determined by the MN Legislature and a portion of the rates are as follows: Property Class Taxable Market Value Payable 2014 Residential Homestead First $500,000 of value 1.00% Over $500,000 of value 1.25% Residential Non -Homestead 1.50% Single Unit 2.00% First $500,000 of value 1.00% Over $500,000 of value 1.25% Property Class Taxable Market Value Payable 2014 Market Rate Apartments Regular 1.80% Commercial Industrial $150,000 First $150,000 of value 1.50% Over $150,000 of value 2.00% ACTUAL CITY PROPERTY TAX CALCULATION (Property Class: Residential Homestead) 12 Taxable Market Value $76,000 $150,000 $250,000 $425,000 $750,000 Market Value Exclusion $30,400 $23,740 $14,740 $0 $0 Taxable Market Value (after exclusion) $45,600 $126,260 $235,260 $425,000 $750,000 Parcel Tax Capacity First $500,000 @ 1.00% 456 1,263 2,353 4,250 5,000 Over $500,000 @ 1.25% 0 0 0 0 3,125 Total Tax Capacity 456 1,263 2,353 4,250 8,125 City Tax Rate 58.216% 58.216% 58.216% 58.216% 58.216% City Property Tax $265.46 $735.27 $1,369.82 $2,474.18 $4,730.05 12 i /F •11 1 1711• ' TRENDINFORMATION � TOTAL CERTIFIED LEVY The Certified Levy consists of the General Tax Levy (General Fund operations), the Debt Service Special Levy (Debt Service obligations), the PERA Employer Contribution Rate Increase Special Levy* and the Unalloted Aids and Credit Special Levy. Special Lews Year Genera"Nx evy ------------------------------------r------------------- ; UnaHoted Aids )ebt So, rOce ,* & (�.recfits Total Certified Levy 2005 $5,579,500 $2,811,379 $0 $0 $8,390,879 2006 $5,580,145 $3,305,610 $0 $0 $8,885,755 2007 $6,102,192 $3,284,430 $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 $10,099,769 2010 $6,479,727 $3,385,158 $163,351 $81,954 $10,110,190 2011 $6,523,288 $3,215,195 $171,974 $247,910 $10,158,367 2012 $6,963,509 $3,110,066 $173,022 $0 $10,246,597 2013 $7,261,468 $2,971,497 $173,542 $0 $10,406,507 2014 $7,606,066 $3,018,920 $0 $10,624,986 * Beginning with payable 2009, the City certified a special levy for PERA Employer Contribution Rate Increase. See the Appendix 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. For payable 2014, the PERA Exclusion Special Levy was not allowed (per State Statutes). W, CITY nF STII I WATFR MINNFSnTA zE aEaur� �� eEaur TRENDINFORMATION 0 (Past io Years) q_. 70% 60% 50% 40% 30% 20% 10% 0% 2005 2006 2007 2008 2009 2010 2011 2012** 2013 2014°'°'* CITY TAX RATE Year Total Certified Levy Fiscal Disparity Contribution City Levy City -Wide Taxable Tax Capacity City "'i'°&K Rate 2005 $8,390,879 $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 $9,058,908 $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% 2011 $10,158,367 $1,167,099 $8,991,268 $17,095,522 52.594% 2012*" $10,246,597 $1,122,580 $9,124,017 $16,688,107 54.674% 2013 1 $10,406,507 $1,035,673 $9,370,834 $15,331,664 61.121% 12014--1 $10,624,986 $1,212,159 $9,412,827 $16,168,840 58.216% i i rr:;a� iidI�tIII �I i thie itt, i v°.t 'Ili the, (ity V'ki i 1 �� bl l 'i Ill t ap rt ff �t 'SII -I, duµ art � M�, IW". "',,;�''tllll .mpt t��l� �'�� * 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. ** For payable 2012, the City -Wide Taxable Tax Capacity includes those properties that were included in Tax Increment Financing District #1 as this district was decertified on December 31, 2011. For payable 2014, the City -Wide Taxable Tax Capacity includes those properties that were included in Tax Increment Financing District #4 as this district was decertified on December 31, 2013. iN CITY (1F CTII I WATER MINNFCnTA �E BEAU,TRENDINFORM�� �� BEq Uri �n • m (Past io Years) GENERAL TAX LEVY AND LEVIT LIMITS 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, 2008, 2012 and 2013) there were no levy limits in effect. Year Geneirall I ax L, evy I,..evy I Iirinft 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 2010 $6,479,727 $6,479,727 2011 $6,523,288 $6,523,288 2012 $7,136,531 Not Applicable 2013 $7,435,010 Not Applicable 2014 $7,606,066 $10,406,507 f3 CITY OF STILLWATER, MINNESOTA BEAUI�,�� BEAUT A (Past io Years) LOCAL GOVERNMENT AID & GENERAL TAX LEVY Year LGA e cr , v ed, �...(1;A (I,,J ru,,i Il od, ed) Total Certified LGA 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 $174,850 $999,053 $1,173,903 2012 $174,580 $0 $174,580 2013 1 $174,580 $0 $174,580 2014 $568,591 $0 $568,591 LGA (Received) - Amount of LGA the City actually received or expected to receive. LGA (Unalloted) - Amount of LGA (of the Certified LGA amount) that was retained or expected to be retained by the State. Total Certified LGA - Total amount of Local Government Aid certified by the Department of Revenue that the City can expect to receive during a given tax year. y1\"telZ•'i11\\'J/_\Ia:�l'111►1►1�'ia]I_ �l% G. (PastTRENDINFORMATION YEARLY BOND RATINGS Each year the City must borrow money on the open market for various types of projects/acquisitions. The better the 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 Ratjnq Year Rating 2013 Aa2 2007 Aa3 2012 Aa2 2006 Aa3 2010 *' Aa2 2005 Al 2009 Aa3 2004 Al 2008 Aa3 2003 Al **For the fiscal year 2010, on April 21, 2010, Moody's upgraded the City's bond rating even though there were no bonds issued during 2010. For the fiscal year 2013, the City issued bonds only for its componenent unit, the Board of Water Commissioners. *Moody's Investor Services 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 quality). Moody's applies numerical modifiers 1, 2, and 3 in each generic rating classification from Aa to Caa. The Modifier 1 indicates that the issue ranks in the higher end of its generic rating category; the modifier 2 indicates a mid- range ranking; and the modifier 3 indicates that the issue ranks in the lower end of its generic category. (Note: for ease of presentation, only a portion of the nine categories is presented). 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 Baa are subject to moderate credit risk. They are considered medium grade and as such may possess certain speculative characteristics. Ba Bonds that are rated Ba are judged to have speculative elements and are subject to substantial credit risk. B Bonds that are rated B are considered speculative and are subject to high credit risk. Caa Bonds that are rated Caa are judged to be of poor standing and are subject to very high credit risk. Ca 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. Source: Moody's Investor Services website (www.moody's.com) ME 1 I,l The General Fund serves as the chief operating fund for the City. It is used to account for all financial resources except those required to be accounted for in another fund. f_ITY nF CTII I WATER 11AIAIMI=QnTA '�F B:EAUr/,r �E BEAU,/ GENERALFUND ? G ,.gg a m �o � > 0 �j ° /S - 213 M�� "Operating Expenditures excludes Capital Outlay and Transfers Out. M 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 Safety Police Fire Inspections Civil Defense Public Safety Total Public Works Engineering Street Public Works Total Expenditure Totals Revenues over (under) Expenditures OTHER FINANCING SOURCES (USES): Transfers in: Bond Proceeds Miscellaneous Grant Fund Capital Projects Fund Transfers (out): Capital Projects Fund Sale of Property Total Other Financing Sources (Uses) Net increase in fund balance Fund Balance - Jan 1 Fund Balance - Dec 31 2013 2012 ADOPTED ACTUAL BUDGET $ 5,378,336 $ 5,811,991 437,774 430,000 407,447 395,390 17,216 10,000 696,504 472,874 837,178 848,698 103,368 110,100 270,717 139,200 $ 8,148,540 $ 8,218,253 2014 ADOPTED $ Increase BUDGET (Decrease) $ 5,868,591 $ 56,600 430,000 - 430,662 35,272 12,000 2,000 1,048,465 575,591 857,391 8,693 110,100 - 97,500 (41,700) $ 8,854,709 $ 636,456 $ 98,304 $ 128,447 $ 175,506 33,801 4,700 38,532 249,682 256,426 356,912 377,914 418,923 412,863 455,815 460,428 474,556 272,911 287,594 292,566 2 30, 482 163,923 179,628 257,757 303,778 338,829 810,811 931,178 938,715 Q 7 7R7 A77 G 7 QFr '2Q7 @ Z ono 4n7 $ 2,815,215 $ 2,861,452 1,172, 534 1,311,104 272,206 271,372 21,883 6,193 G d 7R1 RQR T d Arn 171 $ 47,059 33,832 100,486 (6,060) 14,128 4,972 15,705 35,051 7 FQ7 $ 252,710 $ 3,046,203 $ 184,751 1,721,389 410,285 325,590 54,218 27,370 21,177 it S 17n GG7 Q a70 A41 $ 316,083 $ 318,185 $ 310,032 $ (8,153) 1,202,126 938,530 1,272,398 333,868 $ 1,518,209 $ 1,256,715 $ 1,582,430 $ 325,715 $ 8,587,524 $ 8,662,233 $ 9,911,089 $ 1,248,856 $ (438,984) $ (443,980) $ (1,056,380) $ (612,400) $ 653,588 $ 411,375 $ 1,013,480 $ 602,105 - 14,605 - (14,605) 8,000 32,900 24,900 (182, 580) - - - 61,728 10,000 10,000 - $ 532,736 $ 443,980 $ 1,056,380 $ 612,400 $ 93,752 $ - $ - $ - 4,168,198 4,261,950 4,261,950 - $ 4,261,950 $ 4,261,950 $ 4,261,950 $ - 25 CITY OF STILLWATER, MINNESOTA SUMMARY OF REVENUES 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 PERA State Aid Police State Aid Police Training Aid Fire State Aid MSA Other Local: Highway Aid Juvenile Officer Aid Miscellaneous 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 Number: loo 2013 2014 2012 ADOPTED ADOPTED ACTUAL BUDGET BUDGET $ 5,250,908 $ 5,641,991 $ 127,428 $ 170,000 $ 5,378,336 $ _ 5,811,991 $ $ 437,774 $ 430,000 $ $ 407,447 $ 395,390 $ $ 17,216 $ 10,000 $ $ Increase (Decrease) 5,698,591 $ 56,600 170,000 $ - 5,868,591 $ 56,600 430,000 $ - 430,662 $ 35,272 12,000 $ 2,000 $ 15,981 $ 5,000 $ 5,000 $ - 174,580 - 568,591 568,591 133 - - - 15,874 15,874 15,874 - 134,844 140,000 140,000 - - 8,000 8,000 - 109,904 105,000 100,000 (5,000) 174,471 165,000 172,000 7,000 4,500 - - - 2,588 4,000 3,000 (1,000) 29,815 30,000 30,000 - 33,814 - 6,000 6,000 $ 696,504 $ 472,874 $ 1,048,465 $ 575,591 $ 301,269 $ 310,318 $ 319,600 $ 9,282 102,000 103,030 105,091 2,061 433,909 435,350 432,700 (2,650) $ 837,178 $ 848,698 $ 857,391 $ 8,693 $ 103,368 $ 110,100 $ 110,100 $ - $ 30,391 $ 40,000 $ 30,000 $ (10,000) 36,210 40,500 16,000 (24,500) 204,116 58,700 51,500 (7,200) $ 270,717 $ 139,200 $ 97,500 $ (41,700) $ 8,148,540 $ 8,218,253 $ 8,854,709 $ 636,456 M CITY OF STILLWATER, MINNESOTA MAYOR & CITY COUNCIL Fund: General Account Number: 100-4000 Department Description: 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. 2014 Staffing Level: Part -Time (Benefitted) 5.0 1 Number of Positions 2014 Budget Impacts: - Personnel costs include 2% COLA on wages, $20 per month increase in medical insurance contributions, and a 10% increase in dental insurance rates - Personnel costs include an employer increase for eligible employees in Coordinated PERA Plan (from 7.25% to 7.38%) that was anticipated to begin on July 1, 2014 but this increase probably will not occur now until 2015. - Memberships & Dues include memberships to the League of MN Cities (LMC) and the Greater Area Chamber of Commerce. - Miscellaneous Charges includes $50,000 towards economic development. W CITY OF STILLWATER, MINNESOTA 2012 SUMMARY OF EXPENDITURES ACTUAL PERSONNEL SERVICES: Salaries - Part Time Benefits Personnel Services Total SERVICES AND CHARGES: Contractual Other Total Services and Charges MISCELLANEOUS: Memberships & Dues Economic Development Other Total Miscellaneous CAPITAL OUTLAY: Computer Equipment Total Capital Outlay Total Expenditures MAYOR & CITY COUNCIL Fund: General Account Number: ioo-4000 2013 ADOPTED BUDGET 2014 ADOPTED BUDGET $ Increase (Decrease) 37,801 $ 37,800 $ 37,800 $ - 19,388 46,162 49,162 3,000 57,189 $ 83,962 $ 86,962 $ 3,000 $ 4,500 $ 17,000 $ 2,505 2,785 _ $ 7,005 $ 19,785 $ $ 17,566 $ 11,033 $ _ 28,599 $ 5,511 $ _ 5,511 $ $ 98,304 $ W 20,700 $ 4,000 24,700 $ 128,447 $ - $ (17,000) 10,744 7,959 10,744 $ (9,041) 22,000 $ 1,300 50,000 50,000 4,000 - 76,000 $ 51,300 1,800 1,800 1,800 $ 1,800 175,506 $ 47,059 CITY OF STILLWATER, MINNESOTA ELECTIONS Fund: General Account Number: 100-4010 Department Description: 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 4 Total 2014 Budget Impacts: - Services and Charges includes maintenance costs with Washington County on voting machines. - 2014 is an election year for the City's mayor and two councilmembers from Wards 1 & 4. Also, all of Minnesota's executive officers (including the Governor) are up for election as well as all the seats in the Minnesota House of Representatives, a United States Senate seat, and all of Minnesota's eight seats in the United States House of - Personnel costs include an employer increase for eligible employees in Coordinated PERA Plan (from 7.25% to 7.38%) that was anticipated to begin on July 1, 2014 but this increase probably will not occur now until 2015. RR SUMMARY OF EXPENDITURES PERSONNEL SERVICES: Salaries - Full Time Salaries - Part Time Benefits Personnel Services Total SUPPLIES: SERVICES AND CHARGES: MISCELLANEOUS: Total Expenditures CITY OF STILLWATER, MINNESOTA 2012 ACTUAL $ 1,415 $ 22,035 461 $ 23,911 $ $ 433 $ $ 8,377 $ $ 1,080 $ $ 33,801 $ 0 2013 ADOPTED BUDGET ELECTIONS Fund: General Account Number: 100-4010 2014 2,033 ADOPTED $ Increase BUDGET (Decrease) - $ 2,033 $ 2,033 - 23,014 23,014 - 2,103 2,103 - $ 27,150 $ 27,150 - $ 550 $ 550 4,700 $ 9,332 $ 4,632 - $ 1,500 $ 1,500 4,700 $ 38,532 $ 33,832 CITY OF STILLWATER, MINNESOTA MIS SUPPORT SERVICES Fund: General Account Number: 100-4020 Department Description: MIS Support Services provides the for purchasing, installation, and support of communication and information systems. 2014 Staffing Level: Full -Time (Benefitted) 1.8 1 FTE (Full Time Equivalents) 2014 Budget Impacts: - Personnel costs include 2% COLA on wages, $20 per month increase in medical insurance contributions, and a 10% increase in dental insurance rates - Personnel costs include a State mandated employer contribution rate increase in Police & Fire PERA Plan from 14.4% to 15.3% beginning January 1, 2014. Also included, is a employer increase in Coordinated PERA Plan (from 7.25% to 7.35%) that was anticipated to begin on July 1, 2014 but this increase probably will not occur until 2015. - Maintenance Agreements include: Arc View Licenses, Quick Access, firewall, SALSA, postage machine, copiers, backup exec and Diskeeper for servers. CITY OF STILLWATER, MINNESOTA KKI MIS SUPPORT SERVICES Fund: General Account Number: 100-4020 2013 2014 2012 ADOPTED ADOPTED $ Increase SUMMARY OF EXPENDITURES ACTUAL BUDGET BUDGET (Decrease) PERSONNEL SERVICES: Salaries - Full Time $ 119,230 $ 120,535 $ 124,051 $ 3,516 Benefits 31,079 31,780 33,970 2,190 Personnel Services Total $ 150,309 $ 152,315 $ 158,021 $ 5,706 SUPPLIES: Software $ 865 $ 1,500 $ 1,000 $ (500) Other 3,492 2,800 4,300 1,500 Total Suppplies $ 4,357 $ 4,300 $ 5,300 $ 1,000 SERVICES AND CHARGES: Internet $ 3,478 $ 4,500 $ 4,000 $ (500) Professional Services 3,454 3,000 24,000 21,000 Maintenance Agreements 17,100 21,000 28,100 7,100 Other 7,868 7,511 8,716 1,205 Total Services and Charges $ 31,900 $ 36,011 $ 64,816 $ 28,805 MISCELLANEOUS: $ 260 $ - $ - $ - CAPITAL OUTLAY: Computer Equipment $ 62,856 $ 63,800 $ 128,775 $ 64,975 Total Capital Outlay $ 62,856 $ 63,800 $ 128,775 $ 64,975 Total Expenditures $ 249,682 $ 256,426 $ 356,912 $ 100,486 KKI CITY OF STILLWATER, MINNESOTA FINANCE Fund: General Account Number: 100-4030 Department Description: The Finance Department accounts for the financial operations of the City and assists the City Treasurer with treasury operations and debt management. 2014 Staffing Level: Full -Time (Benefitted) 3.5 FTE (Full Time Equivalents) 2014 Budget Impacts: - Personnel costs include 2% COLA on wages, $20 per month increase in medical insurance contributions, and a 10% increase in dental insurance rates - Personnel costs include an employer increase for eligible employees in Coordinated PERA Plan (from 7.25% to 7.38%) that was anticipated to begin on July 1, 2014 but this increase probably will not occur now until 2015. - Maintenance Agreements include: City's accounting software, credit card processing and the City's webstore. CITY OF STILLWATER, MINNESOTA 35 FINANCE Fund: General Account Number: 100-4030 2013 2014 2012 ADOPTED ADOPTED $ Increase SUMMARY OF EXPENDITURES ACTUAL BUDGET BUDGET (Decrease) PERSONNEL SERVICES: Salaries - Full Time $ 231,944 $ 231,966 $ 243,171 $ 11,205 Benefits 63,676 63,982 67,132 3,150 Personnel Services Total $ 295,620 $ 295,948 $ 310,303 $ 14,355 SUPPLIES: $ 1,672 $ 3,450 $ 3,300 $ (150) SERVICES AND CHARGES: Auditing $ 32,586 $ 34,000 $ 33,500 $ (500) Professional Services 10,013 6,000 3,000 (3,000) Maintenance Agreements 19,753 22,500 23,350 850 Other 8,059 7,165 6,165 (1,000) Total Services and Charges $ 70,411 $ 69,665 $ 66,015 $ (3,650) MISCELLANEOUS: $ 2,711 $ 2,360 $ 2,800 $ 440 CAPITAL OUTLAY: Computer Equipment $ 7,500 $ 47,500 $ 30,445 $ (17,055) Total Capital Outlay $ 7,500 $ 47,500 $ 30,445 $ (17,055) Total Expenditures $ 377,914 $ 418,923 $ 412,863 $ (6,060) 35 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. 2014 Staffing Level: Full -Time (Benefitted) 3.4 FTE (Full Time Equivalents) Part -Time (Non -Benefitted) 1.0 1 Number of Postions 2014 Budget Impacts: - Personnel costs include 2% COLA on wages, $20 per month increase in medical insurance contributions, and a 10% increase in dental insurance rates - Personnel costs include an employer increase for eligible employees in Coordinated PERA Plan (from 7.25% to 7.38%) that was anticipated to begin on July 1, 2014 but this increase probably will not occur now until 2015. - Assessing 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 (all labor contracts expire on December 31, 2014), Safety Training and the Employee Assistance Program. SUMMARY OF EXPENDITURES PERSONNEL SERVICES: Salaries - Full Time Salaries - Part Time Benefits 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 2013 2014 2012 ADOPTED ADOPTED ACTUAL BUDGET BUDGET $ 233,467 $ 231,347 $ 25,262 26,856 66,223 66,304 _ $ 324,952 $ 324,507 $ $ 2,743 $ 4,500 $ $ 92,940 $ 9,152 7,801 15,901 _ $ 125,794 $ $ 2,326 $ 96,000 $ 5,000 5,000 21,171 127,171 $ $ Increase (Decrease) 238,874 $ 7,527 27,856 1,000 69,736 3,432 336,466 $ 11,959 4,500 $ - 97,000 $ 1,000 5,000 - 5,000 - 20,590 (581) 127,590 $ 419 2,250 $ 2,250 $ - $ 2,000 $ 3,750 $ 1,750 $ - $ 2,000 $ 3,750 $ 1,750 460,428 $ 455,815 $ $ 474,556 $ 14,128 E CITY OF STILLWATER, MINNESOTA LEGAL/CITYATORNEY Fund: General Account Number: 100-4045 Department Description: The City has on retainer (paid through payroll with PERA benefits deducted) a law firm that provides prosecution services and legal counsel to the City Council and the City Staff for City related issues. 2014 Staffing Level: Part -Time (Non -Benefitted) 1.0 1 Number of Postions 2014 Budget Impacts: - Personnel costs include 2% COLA on wages, $20 per month increase in medical insurance contributions, and a 10% increase in dental insurance rates - Personnel costs include an employer increase for eligible employees in Coordinated PERA Plan (from 7.25% to 7.38%) that was anticipated to begin on July 1, 2014 but this increase probably will not occur now until 2015. Notes: - Legal/Prosecution 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. W CITY OF STILLWATER, MINNESOTA 2012 SUMMARY OF EXPENDITURES ACTUAL PERSONNEL SERVICES: Retainer Benefits Personnel Services Total SUPPLIES: SERVICES AND CHARGES: Legal/Prosecution Other Total Services and Charges MISCELLANEOUS: Total Expenditures $ 98,882 $ 27,849 _ $ 126,731 $ $ 2,779 $ LEGAL/CITYATORNEY Fund: General Account Number: 100-4045 2013 2014 $ ADOPTED ADOPTED $ Increase BUDGET BUDGET (Decrease) 5,807 17,671 99,488 $ 102,483 $ 2,995 28,835 29,652 817 128,323 $ 132,135 $ 3,812 1,500 $ 3,000 $ 1,500 $ 137,000 $ 140,000 $ 142,800 $ 2,800 5,807 17,671 14,131 (3,540) $ 142,807 $ 157,671 $ 156,931 $ (740) $ 594 $ 100 $ 500 $ 400 $ 272,911 $ 287,594 $ 292,566 $ 4,972 RN CITY OF STILLWATER, MINNESOTA PLANT/CITY HALL Fund: General Account Number: 100-4050 Department Description: Plant/City Hall provides boiler, HVAC, and general building maintenance including janitorial services for City Hall. 2014 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. Me CITY OF STILLWATER, MINNESOTA 2012 SUMMARY OF EXPENDITURES ACTUAL SUPPLIES: SERVICES 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 PLANT/CITY HALL Fund: General Account Number: 100-400 2013 ADOPTED BUDGET 2014 ADOPTED BUDGET $ Increase (Decrease) $ 8,352 $ 12,000 $ 11,000 $ (1,000) $ 26,240 $ 25,000 $ 25,500 $ 500 620 5,000 5,000 - 5,892 6,000 6,000 - 42,392 36,000 36,000 - 11,088 20,000 20,000 - 2,757 15,000 15,000 - 11,234 20,223 17,228 (2,995) $ 100,223 $ 127,223 $ 124,728 $ (2,495) $ 1,749 $ 800 $ 2,000 $ 1,200 $ - $ 18,900 $ 26,900 $ 8,000 120,158 5,000 15,000 10,000 $ 120,158 $ 23,900 $ 41,900 $ 18,000 $ 163,923 $ 179,628 $ 15,705 $ 230,482 CITY OF STILLWATER, MINNESOTA COMMUNITY DEVELOPMENT Fund: General Account Number: 100-4055 Department Description: The Community Development Department is responsible for zoning administration, comprehensive planning, historic preservation and economic development/redevelopment. The department assists the citizen committees of the Planning Commission, Parks Board, Heritage Preservation Commission, Downtown Parking Commission and Joint Stillwater Township City Planning Board in carrying out their responsibilities. 2014 Staffing Level: Full -Time (Benefitted) 2.5 FTE (Full Time Equivalents) 2014 Budget Impacts: - Personnel costs include 2% COLA on wages, $20 per month increase in medical insurance contributions, and a 10% increase in dental insurance rates - Personnel costs include an employer increase for eligible employees in Coordinated PERA Plan (from 7.25% to 7.38%) that was anticipated to begin on July 1, 2014 but this increase probably will not occur now until 2015. - Professional Services includes funds for: Complan update of the Downtown Chapter $25,000 CLG Projects $15,000 Miscellaneous projects $3,000 and also includes a rollover (from 2013) request of $32,900: Complan update of the Downtown Chapter $25,000 Hisorical Studies $3,000 Miscellaneous projects $4,900 Total: $75,900 EK SUMMARY OF EXPENDITURES PERSONNEL SERVICES: Salaries - Full Time Salaries - Part Time Benefits Personnel Services Total SUPPLIES: SERVICES AND CHARGES: Other Professional Services Other Total Services and Charges MISCELLANEOUS: CAPITAL OUTLAY: Computer Equipment Total Capital Outlay Total Expenditures CITY OF STILLWATER, MINNESOTA OMMUNITY DEVELOPMENT Fund: General Account Number: 100-4055 43 2013 2014 2012 ADOPTED ADOPTED $ Increase ACTUAL BUDGET BUDGET (Decrease) - $ 185,510 $ 187,199 $ 158,549 $ (28,650) 1,044 - 20,088 20,088 52,392 53,745 56,780 3,035 $ 238,946 $ 240,944 $ 235,417 $ (5,527) $ 5,200 $ 4,600 $ 4,650 $ 50 $ - $ 41,000 $ 75,900 $ 34,900 10,468 13,534 12,462 (1,072) $ 10,468 $ 54,534 $ 88,362 $ 33,828 $ 3,143 $ 3,700 $ 3,350 $ (350) $ - $ - $ 7,050 $ 7,050 $ - $ - $ 7,050 $ 7,050 $ 338,829 $ 35,051 $ 257,757 $ 303,778 43 CITY OF STILLWATER, MINNESOTA POLICE Fund: General Account Number: 100-4o6o Department Description: The Police Department provides law enforcement services and education to its citizens. 2014 Staffing Level: Full -Time (Benefitted) 23.75 FTE (Full Time Equivalents) Part -Time (Non -Benefitted) 2.00 1 Number of Positions 2014 Budget Impacts: - Personnel costs include 2% COLA on wages for Sergeants & Administration, 3% COLA on wages for Patrol & Investigators, $20 per month increase in medical insurance contributions for Patrol & Investigators, and a 10% increase in dental insurance rates - Personnel costs include a State mandated employer contribution rate increase in Police & Fire PERA Plan from 14.4% to 15.3% beginning January 1, 2014. Also included, is an employer increase in Coordinated PERA Plan (from 7.25% to 7.35%) that was anticipated to begin on July 1, 2014 but this increase probably will not occur until 2015. - Terminal Access Charge - include costs for access to the County and State record system. - 800 Mhz Radio Service - is a 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 Radio Service Fee Terminal Access Charges General Insurance Vehicle Repair Charges Maintenance Agreements Other Total Services and Charges MISCELLANEOUS: CAPITAL OUTLAY: Machinery & Equipment Computer Equipment Automotive Equipment Total Capital Outlay Total Expenditures CITY OF STILLWATER, MINNESOTA POLICE Fund: General Account Number: 100-4o6o 2013 2014 2012 ADOPTED ADOPTED ACTUAL BUDGET BUDGET $ Increase (Decrease) - $ 1,572,911 $ 1,709,681 $ 1,756,753 $ 47,072 106,716 95,000 95,000 - 45,689 40,000 40,000 - 579,788 540,913 591,973 51,060 $ 2,305,104 $ 2,385,594 $ 2,483,726 $ 98,132 $ 81,620 $ 80,000 $ 83,000 $ 3,000 25,521 36,500 35,800 (700) $ 107,141 $ 116,500 $ 118,800 $ 2,300 $ 42,109 $ 20,000 $ 22,000 $ 2,000 1,080 26,500 26,500 - 87,632 94,408 127,827 33,419 49,766 28,000 32,000 4,000 3,730 6,000 6,000 - 36,381 49,450 48,250 (1,200) $ 220,698 $ 224,358 $ 262,577 $ 38,219 $ 23,101 $ 13,000 $ 13,700 $ 700 $ 8,641 $ - $ 15,000 $ 15,000 35,187 48,000 32,400 (15,600) 115,343 74,000 120,000 46,000 $ 159,171 $ 122,000 $ 167,400 $ 45,400 $ 184,751 $ 3,046,203 $ 2,861,452 $ 2,815,215 EN CITY OF STILLWATER, MINNESOTA FTx-E Fund: General Account Number: 100-4070 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. 2014 Staffing Level: Full -Time (Benefitted) 1 11.25 FTE (Full Time Equivalents) Part -Time (Non -Benefitted) 1 33.00 1 Number of Postions 2014 Budget Impacts: - Personnel costs include 2% COLA on wages, $20 per month increase in medical insurance contributions, and a 10% increase in dental insurance rates - Personnel costs include a State mandated employer contribution rate increase in Police & Fire PERA Plan from 14.4% to 15.3% beginning January 1, 2014. Also included, is an employer increase in Coordinated PERA Plan (from 7.25% to 7.35%) that was anticipated to begin on July 1, 2014 but this increase probably will not occur until 2015. - Personnel costs include an two additional firefight positions that were approved at the City Council meeting of July 2, 2013. The hiring of these two postions has in turn reduced the need in part-time salaries - 800 Mhz Radio Service - is a 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 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. 46 CITY OF STILLWATER, MINNESOTA 2012 SUMMARY OF EXPENDITURES ACTUAL 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 Radio Service Fee General Insurance Vehicle Repair Charges Other Total Services and Charges MISCELLANEOUS: CAPITAL OUTLAY: Improvements Machinery & Equipment Computer Equipment Automotive Equipment Total Capital Outlay Total Expenditures $ 598,597 $ 53,804 76,110 221,464 _ $ 949,975 $ $ 16,869 $ 21,875 $ 38,744 $ 2013 ADOPTED BUDGET 587,781 $ 49,388 110,000 243,674 FIRE Fund: General Account Number: 100-4070 2014 17,307 ADOPTED $ Increase BUDGET (Decrease) 743,001 $ 155,220 63,770 14,382 90,000 (20,000) 282,756 39,082 990,843 $ 1,179,527 $ 188,684 17,000 $ 17,000 $ - 20,950 20,950 - 37,950 $ 37,950 $ - $ 17,307 $ 19,350 $ 19,350 $ 74,966 76,586 88,652 30,007 23,000 26,000 45,366 58,850 56,100 $ 167,646 $ 177,786 $ _ 190,102 $ $ 5,921 $ 6,550 $ 6,650 $ $ - $ 12,200 $ 12,200 $ 738 56,375 82,960 9,510 29,400 12,000 - - 200,000 $ 10,248 $ 97,975 $ _ 307,160 $ $ 1,311,104 $ 1,721,389 $ $ 1,172,534 47 12,066 3,000 (2,750 12,316 100 26,585 (17,400) 200,000 209,185 410,285 CITY OF STILLWATER, MINNESOTA INSPECTIONS Fund: General Account Number: 100-4o8o Department Description: The Inspections Department provides technical assistance, plan review services and plumbing, mechanical and building inspections services for code compliance. 2014 Staffing Level: Full -Time (Benefitted) 3.0 1 FTE (Full Time Equivalents) 2014 Budget Impacts: - Personnel costs include 2% COLA on wages, $20 per month increase in medical insurance contributions, and a 10% increase in dental insurance rates - Personnel costs include a State mandated contribution rate increase to PERA . Beginning July 1, 2014, the employers contribution to the plan will increase from 7.25% to 7.38% for the Coordinated Plan and from 14.4% to 15.3% for the Police and Fire Plan on January 1 st, 2014. - Personnel costs include an .5 additional FTE that will be combined with an existing .5 FTE (secretary) to be replaced with one Building Permit Technician FTE. This additional staffing reduces the need for additional overtime 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 -Building Permit Surcharge in the revenue section of the General Fund. 48 CITY OF STILLWATER, MINNESOTA • INSPECTIONS Fund: General Account Number: 100-408o 2013 2014 2012 ADOPTED ADOPTED $ Increase SUMMARY OF EXPENDITURES ACTUAL BUDGET BUDGET (Decrease) PERSONNEL SERVICES: Salaries - Full Time $ 163,408 $ 160,740 $ 185,152 $ 24,412 Overtime - Full -Time 18,861 - - - Benefits 51,233 49,737 64,916 15,179 Personnel Services Total $ 233,502 $ 210,477 $ 250,068 $ 39,591 SUPPLIES: $ 7,020 $ 7,000 $ 5,800 $ (1,200) SERVICES AND CHARGES: Building Permit Surcharge $ 13,374 $ 15,000 $ 15,000 $ - Other 13,279 15,995 15,872 (123) Total Services and Charges $ 26,653 $ 30,995 $ 30,872 $ (123) MISCELLANEOUS: $ 962 $ 900 $ 1,200 $ 300 CAPITAL OUTLAY: Improvements $ - $ - $ 15,000 $ 15,000 Machinery & Equipment 4,069 - 4,000 4,000 Computer Equipment - - 18,650 18,650 Automotive Equipment - 22,000 - (22,000) Total Capital Outlay $ 4,069 $ 22,000 $ 37,650 $ 15,650 Total Expenditures $ 272,206 $ 271,372 $ 325,590 $ 54,218 • CITY OF STILLWATER, MINNESOTA CIVIL DEFENSE Fund: General Account Number: 100-4085 Department Description: The Civil Defense Department provides for the maintenance of the City's civil defense warning system. Notes: - The City maintains 5 civil defense sirens located at: (1) 1419 4th Street; (2) 116 Willard Street W; (3) 900 Nightengale Blvd; (4) 2001 Willard Street W; and (5) 13300 McKusick Rd Ln N. 50 SUMMARY OF EXPENDITURES SUPPLIES: SERVICES AND CHARGES MISCELLANEOUS: CAPITAL OUTLAY: Machinery & Equipment Total Capital Outlay Total Expenditures CITY OF STILLWATER, MINNESOTA 2012 ACTUAL 1,456 $ 2,585 $ 17,842 $ CIVIL DEFENSE Fund: General Account Number: 100-4o85 2013 ADOPTED BUDGET 250 $ 3,960 $ 1,983 $ 2014 ADOPTED $ Increase BUDGET (Decrease) 250 $ - 3,320 $ (640) 1,800 $ (183) 22,000 $ 22,000 22,000 $ 22,000 $ 21,883 $ 6,193 $ 27,370 $ RE 21,177 CITY OF STILLWATER, MINNESOTA ENGINEERING Fund: General Account Number: 100-4000 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. 2014 Staffing Level: Full -Time (Benefitted) 3.35 1 FTE (Full Time Equivalents) 2014 Budget Impacts: - Personnel costs include 2% COLA on wages, $20 per month increase in medical insurance contributions, and a 10% increase in dental insurance rates - Personnel costs include an employer increase for eligible employees in Coordinated PERA Plan (from 7.25% to 7.38%) that was anticipated to begin on July 1, 2014 but this increase probably will not occur now until 2015. - Personnel costs include a part-time seasonal intern to work the summer months. - General Insurance includes insurance costs for worker's compensation, property and general liability insurance for the department. - Starting with 2014, the Board of Water Commissioners will provide the maintenance on all City hydrants. Notes: - Reimbursement of fees charged to projects are recorded as Engineering Charges in the revenue section of the General Fund. Nva SUMMARY OF EXPENDITURES PERSONNEL SERVICES: Salaries - Full Time Overtime - Full -Time Salaries - Part Time 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: Improvements Computer Equipment Total Capital Outlay Total Expenditures CITY OF STILLWATER, MINNESOTA ENGINEERING Fund: General Account Number: 100-4090 99 2013 2014 2012 ADOPTED ADOPTED $ Increase ACTUAL BUDGET BUDGET (Decrease) $ 203,691 $ 183,662 $ 192,471 $ 8,809 3,456 2,000 3,000 1,000 16,852 6,700 7,500 800 70,923 63,878 66,265 2,387 $ 294,922 $ 256,240 $ 269,236 $ 12,996 $ 2,296 $ 4,000 $ 3,500 $ (500) 2,101 3,800 - (3,800) 773 1,400 1,400 - $ 5,170 $ 9,200 $ 4,900 $ (4,300) $ - $ 2,000 $ 3,000 $ 1,000 11,617 15,995 16,746 751 3,644 7,500 7,900 400 $ 15,261 $ 25,495 $ 27,646 $ 2,151 $ 730 $ 1,050 $ 800 $ (250) $ - $ 25,000 $ - $ (25,000) - 1,200 7,450 6,250 $ - $ 26,200 $ 7,450 $ (18,750) $ (8,153) $ 318,185 $ 310,032 $ 316,083 99 CITY OF STILLWATER, MINNESOTA STREETS Fund: General Account Number: 100-4100 Department Description: The Streets Department provides ongoing maintenance of the City's street system and City vehicles and equipment. 2014 Staffing Level: Full -Time (Benefitted) I 6.75 FTE (Full Time Equivalents) 2014 Budget Impacts: - Personnel costs include 2% COLA on wages, $20 per month increase in medical insurance contributions, and a 10% increase in dental insurance rates - Personnel costs include an employer increase for eligible employees in Coordinated PERA Plan (from 7.25% to 7.38%) that was anticipated to begin on July 1, 2014 but this increase probably will not occur now until 2015. - 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 Agreements includes the following agreements: HVAC maintenance, printer maintenance, fire extinguisher maintenance and fleet maintenance software (Cartegraph ). M] CITY OF STILLWATER, MINNESOTA SUPPLIES: Asphalt Sand & Salt Automotive Fuel Equipment Repair Supplies Other Total Supplies SERVICES AND CHARGES: Contractual General Insurance Maintenance Agreements Patching Other Total Services and Charges MISCELLANEOUS: CAPITAL OUTLAY: Machinery & Equipment Computer Equipment Automotive Equipment Total Capital Outlay Total Expenditures $ 39,432 $ 35,000 (STREETS Fund: General Account Number: 100-4100 45,000 $ 2013 2014 70,100 2012 ADOPTED ADOPTED $ Increase SUMMARY OF EXPENDITURES ACTUAL BUDGET BUDGET (Decrease) PERSONNEL SERVICES: 75,000 Salaries - Full Time $ 353,020 $ 346,562 $ 368,160 $ 21,598 Overtime - Full -Time 9,625 8,000 10,000 2,000 Salaries - Part Time 9,465 24,001 24,000 (1) Benefits 132,045 139,969 150,423 10,454 Personnel Services Total $ 504,155 $ 518,532 $ 552,583 $ 34,051 SUPPLIES: Asphalt Sand & Salt Automotive Fuel Equipment Repair Supplies Other Total Supplies SERVICES AND CHARGES: Contractual General Insurance Maintenance Agreements Patching Other Total Services and Charges MISCELLANEOUS: CAPITAL OUTLAY: Machinery & Equipment Computer Equipment Automotive Equipment Total Capital Outlay Total Expenditures $ 39,432 $ 35,000 $ 45,000 $ 10,000 70,100 70,000 75,000 5,000 58,947 75,000 77,000 2,000 26,864 30,000 31,000 1,000 27,630 30,300 35,858 5,558 $ 222,973 $ 240,300 $ 263,858 $ 23,558 $ 12,792 $ 20,000 $ 20,000 $ - 53,859 60,848 56,035 (4,813) 5,891 7,000 7,200 200 - 15,000 25,000 10,000 43,780 63,550 81,822 18,272 $ 116,322 $ 166,398 $ 190,057 $ 23,659 $ 4,200 $ 7,300 $ 7,800 $ 500 $ 293,926 $ - $ 250,000 $ 250,000 - 6,000 8,100 2,100 60,550 - - - $ 354,476 $ 6,000 $ 258,100 $ 252,100 $ 1,272,398 $ 333,868 $ 1,202,126 $ 938,530 RR CITY OF STILLWATER, MINNESOTA UNALLOCATED �E BEd UTiF Fund: Account Number: 100-4140 Department Description: Unallocated expenditures are those expenditures that can not be specifically assigned to a certain department. 2014 Budget Impacts: - Retiree Hospital/Medical benefits include a 0% increase in health insurance rates. - The Fire Relief Association line item expenditure is the disbursement of the State of Minnesota's minimum support rate to the Stillwater Fire Relief Association's pension plan. Support rates are established by the State Legislature. Receipt of these funds from the State are recorded as Intergovernmental -Fire State Aid in the revenue section of the General Fund. Notes: - Retiree Hospital/Medical benefits are post health care benefits available to employees who were hired prior to December 31, 1988, are eligible for PERA retirement benefits, and been emplyed with the City fo 10 years or more. At the end of 2011, there were 46 participants and 10 employees currently employed and eligible for the benefit. 56 CITY OF STILLWATER, MINNESOTA 2012 SUMMARY OF EXPENDITURES ACTUAL PERSONNEL SERVICES: 2013 ADOPTED BUDGET UNALLOCATED Fund: General Account Number: 100-4140 2014 ADOPTED $ Increase BUDGET (Decrease) Retiree Hospital/Medical $ 623,249 $ 724,624 $ 732,840 $ 8,216 SERVICES AND CHARGES: Community Thread (aka CVS) $ 15,275 $ 15,275 $ 15,275 $ - Youth Service Bureau 10,000 10,000 10,000 - Fire Relief Association 73,122 100,000 100,000 - Other 3,753 9,850 6,600 (3,250) Total Services and Charges $ 102,150 $ 135,125 $ 131,875 $ (3,250) MISCELLANEOUS: Contingency $ 250 $ 1,000 $ 1,000 $ - Clean Up Services/Nuisance Properties 31,239 25,000 25,000 - Other 53,923 45,429 48,000 2,571 $ 85,412 $ 71,429 $ 74,000 $ 2,571 Total Expenditures $ 810,811 $ 931,178 $ 938,715 $ 7,537 57 J-6'mpeci'al 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 OF STILLWATER, MINNESOTA l�E BEA UTir ,�� BEAUTir = G G SPECUL , m O �O Personnel Services 43% 2014 OPERATING EXPENDITURES* BY TYPE Supplies 11% 3% *Operating Expenditures excludes Capital Outlay and Transfers Out. arvices and Charges 43% CITY OF STILLWATER, MINNESOTA G✓SPECIAL � ,,..yy N o t , EVENUEFUNDS SUMMARY OF REVENUES AND EXPENDITURES REVENUES: Taxes Licenses & Permits Intergovernmental Charges for Services Interest Earnings Miscellaneous Revenue Totals EXPENDITURES: Public Safety DARE Public Works Washington County Recycling Grant Culture & Recreation Special Events St Croix Valley Recreation Center Library Parks Downtown Beautification Culture & Recreation Total Total Expenditures Revenues over (under) Expenditures OTHER FINANCING SOURCES (USES): Transfers in: Capital Outlay Bond Proceeds Other Transfers (out): Debt Service Other Financing Sources (Uses) Total Net increase in fund balance Fund Balance - Jan 1 Fund Balance - Dec 31 $ 3,525,834 $ 3,287,669 $ 3,393,996 $ 106,327 2013 2014 $ 2012 ADOPTED ADOPTED $ Increase ACTUAL BUDGET BUDGET (Decrease) $ 1,740,198 $ 1,793,019 $ 1,907,475 $ 114,456 1,093 1,000 1,000 - 34,192 37,740 37,740 - 1,551,411 1,390,000 1,388,250 (1,750) 7,044 9,350 7,471 (1,879) 191,896 56,560 52,060 (4,500) $ 3,525,834 $ 3,287,669 $ 3,393,996 $ 106,327 $ 4,292,167 $ 3,271,518 $ 3,935,533 $ 664,015 $ 4,321,849 $ 3,309,258 $ $ 29,683 $ 37,740 $ 38,240 $ 500 $ 36,472 $ 37,060 $ 67,121 $ 30,061 1,701,888 1,248,299 1,429,517 181,218 1,137,530 1,204,413 1,374,221 169,808 1,405,244 766,746 1,049,674 282,928 11,033 15,000 15,000 - $ 4,292,167 $ 3,271,518 $ 3,935,533 $ 664,015 $ 4,321,849 $ 3,309,258 $ 3,973,773 $ 664,515 $ (796,016) $ (21,589) $ (579,777) $ (558,188) $ 1,300,086 $ 125,800 $ 663,370 $ 537,570 2,657 - - - (79,944) (93,601) (80,783) 12,818 $ 1,242,799 $ 32,199 $ 582,587 $ 550,388 $ 446,784 $ 10,610 $ 2,810 $ (7,800) 1,633,441 2,080,225 2,090,835 10,610 $ 2,080,225 $ 2,090,835 $ 2,093,645 $ 2,810 RI CITY OF STILLWATER, MINNESOTA SPEciALEVENTS Fund Type: Special Revenue Fund Fund Number: 200 (Z) Fund Description: The Special Events Fund accounts for special events held within the City. Funding: Primarily financed with donations, reimbursement of services and property taxes from the General Tax Levy. 2014 Budget Impacts: - Fireworks consists of a City contribution of $30,000 and contributions from other sources of $12,000. - At the City's November 7, 2013 council meeting, the Council concurred and directed staff to work with the "The Locals" to provide a community event during the summer of 2014. - Contractual Services provides funding for an Event Coordinator. CITY OF STILLWATER, MINNESOTA SPECIAL EVENTS Fund Type: Special Revenue Fund a) Fund Number: 200 2013 SUMMARY OF REVENUES 2012 ADOPTED AND EXPENDITURES ACTUAL BUDGET REVENUES: Taxes: 2014 ADOPTED $ Increase BUDGET (Decrease) Property Taxes $ 26,250 $ 27,060 $ 55,000 $ 27,940 Miscellaneous: Donations $ 12,000 $ 10,000 $ Interest Earnings 159 - _ Miscellaneous Total $ 12,158 $ 10,000 $ Revenue Total $ 38,408 $ 37,060 $ EXPENDITURES: Services and Charges: 12,000 $ 2,000 121 121 12,121 $ 2,121 67,121 $ 2,121 Contractual $ - $ - $ 20,000 $ 20,000 Other 307 1,060 121 (939) Services and Charges Total $ 307 $ 1,060 $ 20,121 $ 19,061 Miscellaneous: Fireworks $ 35,764 $ 35,000 $ 42,000 $ 7,000 Other 401 1,000 5,000 4,000 Miscellaneous Total $ 36,165 $ 36,000 $ 47,000 $ 11,000 Total Expenditures $ $ 30,061 $ 67,121 $ 37,060 36,472 Revenues over (under) expenditures $ 1,937 $ - $ - $ (27,940) Net decrease in fund balance $ 1,937 $ - $ - $ - Fund Balance - Jan 1 55,138 57,075 57,075 - Fund Balance - Dec 31 $ 57,075 $ 57,075 $ 57,075 $ - Total Revenues Transfers in: General Fund $ 38,408 $ 37,060 $ 67,121 26,250 am] 27,060 55,000 CITY OF STILLWATER, MINNESOTA ST CROIX VALLEY REC CENTER Fund Type: Special Revenue Fund Fund Number: 202 -a) 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. Funding: Financing is provided by the fees generated by the facility. Capital Outlay purchases are financed with General Obligation Capital Outlay Bonds. 2014 Budget Impacts: - On March 25, 2013 the Park and Recreation Board approved an increase in rates for the 2013/2014. The rates for the 2013/2014 season are as follows: Hourly Raiff, Pr�nn% „` Non,,7,, ,.,,1' Spm l Rec Center Ice $185/hour $160/hour $150/hour Lily Lake Ice $180/hour $160/hour $150/hour Full Field Hours $270/hour $200/hour $200/hour Half Field House $'170/hour $150/hour $150/hour - 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 ten year period. With the first commitment payment being paid in 2010, the amount in the 2014 budget of $18,310 represents the 5th commitment payment out of 10. - Net Increase (decrease) in Fund Balance will be used to repay the St Croix Valley Recreation Center's fund balance which was used to pay for the advancement of funds needed for the 10 year commitment of the St. Croix Soccer Club and a portion of the capital outlay purchases (floor scrubber and video cameras) for 2014. CITY OF STILLWATER, MINNESOTA ST CROIX VALLEY REC CENTER Fund Type: Special Revenue Fund a, ) 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 Valley Rec Center Supplies Services & Charges Miscellaneous Capital Outlay Rec Center Total St Croix Valley Fieldhouse Supplies Services & Charges Miscellaneous Capital Outlay Fieldhouse Total Lily Lake Ice Arena Supplies Services & Charges Miscellaneous Capital Outlay Lily Lake Ice Arena Total Total Expenditures Revenues over (under) expenditures OTHER FINANCING SOURCES (USES): Transfer In Capital Outlay Bond Proceeds Transfer (Out) Debt Service Sale of Property Other Financing Sources (Uses) Total Net increase (decrease) in fund balance Fund Balance - Jan 1 Fund Balance - Dec 31 $ 2013 2014 98,500 2012 ADOPTED ADOPTED $ Increase ACTUAL BUDGET BUDGET (Decrease) $ 1,459,569 $ 1,295,500 $ 1,289,000 $ (6,500) 4,845 7,000 5,000 (2,000) 18,310 18,310 18,310 - 11,555 - - - $ 1,494,279 $ 1,320,810 $ 1,312,310 $ (8,500) $ 96,422 $ 98,500 $ 106,500 $ 8,000 20,000 632,114 - 634,825 $ 550,056 $ 646,004 120,017 $ 11,179 $ 342,447 $ 17,254 2,810 $ 12,500 1,060,061 12,500 1,413,118 - 96,364 36,400 50,800 14,400 $ 842,154 $ 782,225 $ 815,804 $ 33,579 $ 8,807 $ 8,400 $ 10,400 $ 2,000 139,551 245,210 226,488 (18,722) 2,850 3,700 3,700 - - - 100,000 100,000 $ 151,208 $ 257,310 $ 340,588 $ 83,278 $ 21,491 $ 10,800 $ 10,800 $ - 162,312 194,314 196,175 1,861 328 650 650 - 524,395 3,000 65,500 62,500 $ 708,526 $ 208,764 $ 273,125 $ 64,361 $ (207,609) $ 72,511 $ (117,207) $ (189,718) $ 610,000 $ 31,700 $ 200,800 $ 169,100 (79,944) (93,601) (80,783) 12,818 20,000 - - - $ 550,056 $ (61,901) $ 120,017 $ 181,918 $ 342,447 $ 10,610 $ 2,810 $ (7,800) 1,060,061 1,402,508 1,413,118 10,610 $ 1,402,508 $ 1,413,118 $ 1,415,928 $ 2,810 m CITY OF STILLWATER, MINNESOTA LIBRARY Fund Type: Special Revenue Fund Fund Number: 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. 2014 Staffing Level: Full Time 4.00 FTE (Full Time Equivalents) Part Time (Benefited) 5.50 FTE (Full Time Equivalents) Part Time (Non -Benefited) 4.50 FTE (Full Time Equivalents) Funding: Primarily funded by property taxes from the General Tax Levy. Capital Outlay purchases are financed primarily with General Obligation Capital Outlay Bonds. 2014 Budget Impacts: - Personnel costs include 2% COLA on wages, an increase in medical insurance contributions to match the City's contribution rate, and a 10% increase in dental insurance rates CITY OF STILLWATER, MINNESOTA Miscellaneous: Interest Earnings $ 426 LIBRARY Fund Type: Special Revenue Fund Fund Number: 230 850 $ 2013 2014 SUMMARY OF REVENUES 2012 ADOPTED ADOPTED $ Increase AND EXPENDITURES ACTUAL BUDGET BUDGET (Decrease) REVENUES: (4,500) Registration Taxes: 4,000 Property Taxes $ 1,020,909 $ 1,068,813 $ 1,104,101 $ 35,288 Charges for Services: 26,195 12,750 Meeting Room Rental Fees $ 67,189 $ 70,000 $ 70,000 $ - Other 5,705 7,500 7,250 (250) Charges for Services Total $ 72,894 $ 77,500 $ 77,250 $ (250) Miscellaneous: Interest Earnings $ 426 $ 850 $ 850 $ - Processing Fees 6,909 11,500 7,000 (4,500) Registration - 4,000 - (4,000) Other 26,195 12,750 14,750 2,000 Miscellaneous Total $ 33,530 $ 29,100 $ 22,600 $ (6,500) Revenue Total $ 1,127,333 $ 1,175,413 $ 1,203,951 $ (6,750) EXPENDITURES: Operations: Personnel Services $ 758,072 $ 784,187 $ 800,954 $ 16,767 Supplies 93,929 102,336 102,675 339 Services & Charges 52,799 58,753 65,181 6,428 Miscellaneous 2,783 2,025 2,025 - Capital Outlay 13,775 17,000 141,270 124,270 Operations Total $ 921,358 $ 964,301 $ 1,112,105 $ 147,804 Plant Personnel Services $ 103,868 $ 109,117 $ 113,057 $ 3,940 Supplies 8,371 10,825 10,925 100 Services & Charges 92,946 107,170 107,934 764 Miscellaneous 1,053 1,000 1,200 200 Capital Outlay 9,934 12,000 29,000 17,000 Plant Total $ 216,172 $ 240,112 $ 262,116 $ 22,004 Total Expenditures $ 1,137,530 $ 1,204,413 $ 1,374,221 $ 169,808 Revenues over (under) expenditures $ (10,197) $ (29,000) $ (170,270) $ (176,558) OTHER FINANCING SOURCES: Transfer In: Library Fund Raiser $ 2,657 $ - $ - $ - Capital Outlay Bond Proceeds 23,709 29,000 170,270 141,270 Other Financing Sources Total $ 26,366 $ 29,000 $ 170,270 $ 141,270 Net increase (decrease) in fund balance $ 16,169 $ - $ - $ - Fund Balance - Jan 1 52,577 68,746 68,746 - Fund Balance - Dec 31 $ 68,746 $ 68,746 $ 68,746 $ - M CITY OF STILLWATER, MINNESOTA PARKCs Fund Type: Special Revenue Fund Fund Number: 240 a) Fund Description: The Parks Department/Fund provides for maintenance of City owned parks,. 2014 Staffing Level: Full Time 6.25 FTE (Full Time Equivalents) Part Time (Seasonal) 8.00 1 Number of Positions Funding: Primarily funded by property taxes from the General Tax Levy. Capital Outlay purchases are financed with General Obligation Capital Outlay Bonds. 2014 Budaet Impacts: - Personnel costs include 2% COLA on wages, $20 per month increase in medical insurance contributions, and a 10% increase in dental insurance rates - Other Professional Services include forestry management consultant services of $4,000. - Tree Removal is for the removal of trees due to Dutch Elm & Oak Wilt diseases. R CITY OF STILLWATER, MINNESOTA SUMMARY OF REVENUES AND EXPENDITURES REVENUES: Taxes Licenses and Permits Charges for Service Interest Earnings Miscellaneous Revenue Total EXPENDITURES: Personnel Services: Salaries - Full Time Overtime - Full Time Salaries - Part Time Benefits Personnel Services Total Supplies: Automotive Fuel Other Supplies Total Services and Charges: Contractual Services Tree Removal Other Professional Services General Insurance Other Total Service and Charges Miscellaneous: Capital Outlay: Improvements Machinery & Equipment Computer Equipment Automotive Equipment Capital Outlay Total Total Expenditures Revenues over (under) expenditures OTHER FINANCING SOURCES: Transfer In: Capital Outlay Bond Proceeds Net increase (decrease) in fund balance Fund Balance - Jan 1 Fund Balance - Dec 31 PARKS Fund Type: Special Revenue Fund Fund Number: 240 $ 2013 2014 321,857 2012 ADOPTED ADOPTED $ Increase ACTUAL BUDGET BUDGET (Decrease) 678,039 $ 682,146 $ 733,374 $ 51,228 1,093 1,000 1,000 - 18,948 17,000 22,000 5,000 964 1,500 1,000 (500) 116,927 - - - 815,971 $ 701,646 $ 757,374 $ 55,728 $ 313,357 $ 321,857 $ 329,269 $ 7,412 10,535 6,000 10,000 4,000 21,375 24,000 24,000 - 116,706 121,309 133,554 12,245 $ 461,973 $ 473,166 $ 496,823 $ 23,657 $ 20,314 $ 22,000 $ 25,000 $ 3,000 60,851 66,400 80,300 13,900 $ 81,165 $ 88,400 $ 105,300 $ 16,900 $ 2,385 $ 2,250 $ 2,300 $ 50 10,372 8,000 12,000 4,000 6,175 5,000 5,000 - 59,169 62,440 60,501 (1,939) 41,110 47,390 52,950 5,560 $ 119,211 $ 125,080 $ 132,751 $ 7,671 $ 16,518 $ 15,000 $ 22,500 $ 7,500 $ 726,377 $ - $ 170,000 $ 170,000 - 63,900 68,200 4,300 - 1,200 8,100 6,900 - - 46,000 46,000 $ 726,377 $ 65,100 $ 292,300 $ 227,200 $ (589,273) $ (65,100) $ (292,300) $ (219,529) $ 666,377 $ 65,100 $ 292,300 $ 227,200 $ 77,104 $ - $ - $ - 314,479 391,583 391,583 - $ 391,583 $ 391,583 $ 391,583 $ - 69 CITY OF STILLWATER, MINNESOTA COMMUNITY BEAUTIFICATION Fund Type: Special Revenue Fund Fund Number: 251 C) Fund Description: The Downtown Beautification fund was established by Resolution 2011-07 (dated January 4, 2011) and it accounts for funds related to the downtown beautification. The name change to Community Beautification (per resolution Number 2013-162) at the September 17, 2013 City Council meeting. Funding: Funded primarily with property taxes from the General Tax Levy. Donations to the fund are anticipated.. EK CITY OF STILLWATER, MINNESOTA COMMUNITY BEAUTIFICATION Fund Type: Special Revenue Fund Fund Number: 251 SUMMARY OF REVENUES AND EXPENDITURES REVENUES: Taxes Interest EXPENDITURES: 2013 2012 ADOPTED ACTUAL BUDGET $ 15,000 $ 15,000 $ 43 - 2014 ADOPTED $ Increase BUDGET (Decrease) 15,000 $ - $ 15,043 $ 15,000 $ 15,000 $ Supplies $ 11,033 $ 15,000 $ 15,000 $ - Net decrease in fund balance $ 4,010 $ - $ - $ - Fund Balance - Jan 1 - 4,010 4,010 - Fund Balance - Dec 31 $ 4,010 $ 4,010 $ 4,010 $ - 71 CITY OF STILLWATER, MINNESOTA WASHINGTON CO RECYCLING GRANT Fund Type: Special Revenue Fund Fund Number: 255 a) 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. Funding: Funded exclusively with grant funds received from Washington County and interest earned on investments (the fund's prorated share). 2014 Budget Impacts: - Services and Charges costs include education services and materials. EM CITY OF STILLWATER, MINNESOTA WASHINGTON CO RECYCLING GRANT Fund Type: Special Revenue Fund Fund Number: 255 SUMMARY OF REVENUES REVENUES: Intergovernmental Interest Revenue Total EXPENDITURES: Services and Charges: Miscellaneous: Expenditure Total Net increase in fund balance Fund Balance - Jan 1 Fund Balance - Dec 31 m 2013 2014 2012 ADOPTED ADOPTED $ Increase ACTUAL BUDGET BUDGET (Decrease) $ 34,192 $ 37,740 $ 37,740 $ - 608 - 500 500 $ 34,800 $ 3040 $ 38,240 $ 500 $ 22,331 $ 21,192 $ 22,692 $ 1,500 $ 7,351 $ 16,548 $ 15,548 $ (1,000) $ 29,683 $ 37,740 $ 38,240 $ 500 $ 5,117 $ - $ - $ - 151,186 156,303 156,303 - $ 156,303 $ 156,303 $ 156,303 $ - m . zT0;; •21 A Mb rr, 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. y1\"L�]Z+'i�lA�'�`/_\Ia:�l`111►1►1�+'i�]IG EEAU,, DEBT SERVICEFUNDSn o o 2014 EXPENDITURES BY TYPE Principal 84 0% • • DEBTSERVICEFUNDS � o m a �JN�S a 3 fA�\ a3n SUMMARY OF REVENUES AND EXPENDITURES REVENUES: Property Taxes 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): 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 - Jan 1 Fund Balance - Dec 31 Revenue Totals (Info only) Expenditure Totals (Info only) $ 2,990,238 $ 2,803,275 $ 4,211,335 $ 1,408,060 818,860 753,254 778,518 25,264 5,051 865 4,696 3,831 50,266 - - - $ 3,864,415 $ 3,557,394 $ 4,994,549 $ 1,437,155 $ (650,041) $ (573,970) $ (1,963,702) $ (1,389,732) $ 79,944 $ 2013 2014 2012 ADOPTED ADOPTED $ Increase ACTUAL BUDGET BUDGET (Decrease) — $ 3,095,109 $ 2,971,497 $ 3,018,920 $ 47,423 82,617 - - - 24,721 - - - $ 2,990,238 $ 2,803,275 $ 4,211,335 $ 1,408,060 818,860 753,254 778,518 25,264 5,051 865 4,696 3,831 50,266 - - - $ 3,864,415 $ 3,557,394 $ 4,994,549 $ 1,437,155 $ (650,041) $ (573,970) $ (1,963,702) $ (1,389,732) $ 79,944 $ 93,601 $ 80,783 $ (12,818) 397,310 332,393 346,795 14,402 85,000 42,500 - (42,500) (13,473) (85,000) (85,000) - $ 5,535,758 $ 383,494 $ 342,578 $ - $ 4,885,717 $ (190,476) $ (1,621,124) $ (1,430,648) 5,486,765 10,372,482 10,182,006 (190,476) $ 10,372,482 $ 10,182,006 $ 8,560,882 $ (1,621,124) Wo CITY OF STILLWATER, MINNESOTA GO CAPITAL OUTLAY BONDS Fund Type: Debt Service Fund Fund Numbers: 300 - 329 a) Funds Description: These funds record the receipt of property taxes generated by the debt service levy and the payment 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 taxes are the main funding source. Funding: Primarily financed with property taxes through an annual debt service levy. 2014 Budget Impacts: Fund Number Bond Issue Purpose Balance as of 12/31/13 Principal Due in 2014 Interest Due in 2014 Levy Amount for Payable 2014 Existing Debt: 307 $1,290,000 GO CO Bonds, Series 2007A 2007 CO $350,000 $170,000 $10,269 $196,324 308 $1,445,000 GO CO Bonds, Series 2008A 2008 CO $595,000 $190,000 $16,013 $223,821 309 $1,455,000 GO CO Bonds, Series 2009A 2009 CO $780,000 $185,000 $20,625 $218,243 $1,610,000 GO CO Bonds, Series 2012A 2012 CO $1,430,000 $160,000 $93,953 $193,830 $4,475,000 GO CO Bonds, Series 2012A Refunding $4,745,000 $400,000 $32,200 $356,565 $3,160,000 GO CO Bonds, Series 2005B Refunding $1,830,000 $195,000 $63,570 $283,870 316 $6,400,000 GO CO Bonds, Series 2006A 2006 CO/Library $3,870,000 $395,000 $141,986 $382,809 ',,,VF $1,005,000 GO CO Bonds, Series 2009B Refunding $565,000 $115,000 $14,988 $103,478 $4,095,000 GO CO Bonds, Series 2009D Refunding $2,565,000 $300,000 $77,813 $392,766 324 $927,000 GO CO Capital Outlay Armory Land $85,000 New Debt: 314 IGO CO Bonds, Series 2014 12014 CO $ 250,000 IL Totals $2,110,000 $471,417 $2,686,706 Refunding Bonds: During 2012, the City issued $6,355,000 Gneral Obligation Bonds, Series 2012A to finance 2012 Capital Outlay purchases and to refinance (advanced) existing debt: (1) GO Improvement Bonds, Series 2004A (callable on February 1, 2014), and (2) GO Capital Outlay Bonds, Series 2006A (callable on �3February 1, 2015). During 2005, the City issued advanced refunding $3,160,000 General Obligation Capital Outlay Refunding Bonds, Series 2005B 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 Bonds were issued to finance the remodeling of City Hall. During 2009, the City issued current refunding $1,005,000 General Obligation Capital Outlay Refunding Bonds, Series 2009B to refinance existing debt issued in 1998, $2,500,000 General Obligation Capital Outlay Bonds Series 19988, to save on interest costs. The Series 1998B Bonds were issued to finance Capital Outlay purchases for 1998 and 1999. During 2009, the City issued crossover refunding $4,095,000 General Obligation Capital Outlay Refunding Bonds, Series 2009D to refinance existing debt issued in 2002, $7,840,000 General Obligation Capital Outlay Bonds Series 2002A, to save on interest costs. The Series 2002A Bonds were issued 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. W CITY OF STILLWATER, MINNESOTA ID GO CAPITAL OUTLAY BONDS Fund Type: Debt Service Fund Fund Numbers: 300 - 329 2013 2014 SUMMARY OF REVENUES 2012 ADOPTED ADOPTED $ Increase AND EXPENDITURES ACTUAL BUDGET BUDGET (Decrease) REVENUES: Property Taxes: Current $ 2,501,701 $ 2,657,898 $ 2,686,706 $ 28,808 Delinquent 40,935 - - - Market Value Homestead Credit - - - - Interest 16,897 - - - Donations - - - - Revenue Total $ 2,559,533 $ 2,657,898 $ 2,686,706 $ 28,808 EXPENDITURES: Debt Service: Principal $ 2,095,000 $ 1,915,000 $ 2,110,000 $ 195,000 Interest 456,934 447,004 471,417 24,413 Paying Agent Fees 3,368 440 3,415 2,975 Professional Services 47,380 - - - Other 2,440 - - - Expenditure Total $ 2,605,122 $ 2,362,444 $ 2,584,832 $ 222,388 Revenues over expenditures $ (45,589) $ 295,454 $ 101,874 $ (193,580) OTHER FINANCING SOURCES (USES): Bond Proceeds $ 4,986,977 $ - $ - $ - Transfer Out (13,473) (85,000) (85,000) - Other Financing Sources (Uses) Total $ 4,973,504 $ (85,000) $ (85,000) $ - Net increase in fund balance $ 4,927,915 $ 210,454 $ 16,874 $ (193,580) Fund Balance - Jan 1 3,784,323 8,712,238 8,922,692 210,454 Fund Balance - Dec 31 $ 8,712,238 $ 8,922,692 $ 8,939,566 $ 16,874 LA CITY OF STILLWATER, MINNESOTA GO IMPROVEMENT BONDS Fund Type: Debt Service Fund Fund Numbers: 330 - 359 . ID Funds Description: These funds record the receipt of special assessment payments, property taxes and the payment of principal, interest and paying agent fees for outstanding General Obligation Improvement Bonds (GO 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 taxes are the primary funding sources. Funding: Primarily financed with special assessments and property taxes through an annual debt service levy when necessary. 2014 Budget Impacts: Fund Number Bond Issue Balance as of 12/31/13 Principal Due in 2014 Interest Due in 2014 Existing Debt: 340 1$4,695,000 GO Improvement Bonds, Series 2004A $2,000,000 $1,615,000 $52,068 11 Totals 11 $1,615,000 $52,068 Note: During 2012, the City issued $6,355,000 Gneral Obligation Bonds, Series 2012A to finance 2012 Capital Outlay purchases and to refinance (advanced) existing debt: (1) GO Improvement Bonds, Series 2004A (callable on February 1, 2014), and (2) GO Capital Outlay Bonds, Series 2006A (callable on February 1, 2015). 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. 82 CITY OF STILLWATER, MINNESOTA ID GO IMPROVEMENT BONDS Fund Type: Debt Service Fund Fund Numbers: 330 - 359 2013 2014 SUMMARY OF REVENUES 2012 ADOPTED ADOPTED $ Increase AND EXPENDITURES ACTUAL BUDGET BUDGET (Decrease) REVENUES: Property Taxes: Current $ 294,140 $ - $ - $ - Delinquent 4,431 - - - Special Assessments 82,617 - - - Market Value Homestead Credit - - - - Interest 4,421 - - - Revenue Total $ 385,609 $ - $ - $ - EXPENDITURES: Debt Service: Principal $ 375,000 $ 385,000 $ 1,615,000 $ 1,230,000 Interest 77,313 35,750 52,068 16,318 Paying Agent Fees 431 - 431 431 Other 272 - - - Expenditure Total $ 453,016 $ 420,750 $ 1,667,499 $ 1,246,749 Revenues over expenditures $ (67,407) $ (420,750) $ (1,667,499) $ (1,246,749) Net increase in fund balance $ (67,407) $ (420,750) $ (1,667,499) $ (1,246,749) Fund Balance - Jan 1 825,402 757,995 337,245 (420,750) Fund Balance - Dec 31 $ 757,995 $ 337,245 $ (1,330,254) $ (1,667,499) CITY OF STILLWATER, MINNESOTA GO TIF BONDS Fund Type: Debt Service Fund Fund Numbers: 36o-379 ID 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. Funding: Primarily financed with tax increment transferred in from the obligating TIF District 2014 Budget Impacts: 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. Balance Principal Interest Fund TIF District as of 1 Due in 1 1 Due in Number Bond Issue Purpose Obligation 12/31/13 2014 2014 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. CITY OF STILLWATER, MINNESOTA GO TIF BONDS Fund Type: Debt Service Fund Fund Numbers: 36o-379 2013 2014 SUMMARY OF REVENUES 2012 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 $ 120,000 $ 135,000 $ 155,000 $ 20,000 201,685 196,968 191,370 (5,598) 425 425 425 - $ 322,110 $ 332,393 $ 346,795 $ 14,402 $ (322,110) $ (332,393) $ (346,795) $ (14,402) $ 322,310 $ 332,393 $ 346,795 $ 14,402 $ 322,310 $ 332,393 $ 346,795 $ 14,402 $ 200 $ - $ - $ - 7,805 8,005 8,005 - $ 8,005 $ 8,005 $ 8,005 $ - l7 CITY OF STILLWATER, MINNESOTA GO REVENUE BONDS Fund Type: Debt Service Fund Fund Numbers: 38o - 389 ID 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 GO Revenue Bonds are used to finance capital projects where the debt is primarily financed through revenues generated by the project. Funding: $1,420.000 GO Revenue Bonds, Series 2009C Funding is provided by donations and net revenues (revenues less expenditures) from St Croix Valley Recreation Center operations and property taxes (when needed). $2,695,000 GO Revenue Bonds, Series 2005C This bond issue is a refunding bond of the $4,610,000 GO Revenue Bonds, Series 1998A. Funding is provided by donations and net revenues (revenues less expenditures) from the St. Croix Valley Recreation Center operations, tax increment from TIF District #4 and property taxes (when needed). 2014 Budget Impacts: Fund Number Bond Issue Balance as of 12/31/13 Principal Due in 2014 Interest Due in 2014 Levy Amount for Payable 2014 Existing Debt: Bond Issue 12/31/13 2014 2014 383 $1,425,000 GO Water Rev Bonds, Series 2013A $1,425,000 $0 $22,969 $2,695,000 GO Revenue Bonds, Series 2005C $1,045,000 $185,000 $33,633 1 $242,109 $1,420,000 GO Revenue Bonds, Series 2009C $1,030,000 $135,000 $29,438 $90,105 11 Totals 11 $320,000L_1§1,071 JI $332,214 1 Refunding Bonds: During 2005, the City issued advanced refunding $2,695,000 General Obligation Revenue Refunding Bonds, Series 2005C to refinnance existing debt issued in 1998, $4,610,000 General Obligation Revenue Bonds Series 1998A, to save on interest costs. The Series 1998A Bonds were issued to finance the construction of the City's St Croix Valley Recreation Center. 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 2000D, to save on interest costs. The Series 2000D Bonds were issued to finance the construction of a second sheet of ice at the City's St Croix Valley Recreation Center. Other Debt: The following bond issue was issued by the City for Board of Water Commissioners. For that reason, accounting of the bond issue is found in the financial statement of the Board of Water Commissioners. Presentation of this bond issue aooears here oniv for informational purposes. Funding: $1,425,000 GO Water Rev Bonds, Series 2013A This bond issue was issued by the City for the Board of Water Commission (City's Component Unit) to install new water meters throughout the City. 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 of the City. - Fund balance is reserved for debt service payments, both current and future. Balance Principal Interest Fund as of Due in Due in Number Bond Issue 12/31/13 2014 2014 383 $1,425,000 GO Water Rev Bonds, Series 2013A $1,425,000 $0 $22,969 Funding: $1,425,000 GO Water Rev Bonds, Series 2013A This bond issue was issued by the City for the Board of Water Commission (City's Component Unit) to install new water meters throughout the City. 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 of the City. - Fund balance is reserved for debt service payments, both current and future. CITY OF STILLWATER, MINNESOTA RE GO REVENUE BONDS Fund Type: Debt Service Fund Fund Numbers: 380 - 389 2013 2014 SUMMARY OF REVENUES 2012 ADOPTED ADOPTED $ Increase AND EXPENDITURES ACTUAL BUDGET BUDGET (Decrease) REVENUES: Property Taxes: Current $ 251,978 $ 313,599 $ 332,214 $ 18,615 Delinquent 1,924 - - - Market Value Homestead Credit - - - - Interest 3,396 - - - Miscllaneous - - - - Revenue Total $ 257,298 $ 313,599 $ 332,214 $ 18,615 EXPENDITURES: Debt Service: Principal $ 305,000 $ 315,000 $ 320,000 $ 5,000 Interest 81,239 72,378 63,071 (9,307) Paying Agent Fees 827 - 425 425 Other 174 - - - Expenditure Total $ 387,240 $ 387,378 $ 383,496 $ (3,882) Revenues over expenditures $ (129,942) $ (73,779) $ (51,282) $ 22,497 OTHER FINANCING SOURCES (USES): Transfer In: St Croix Valley Recreation Center $ 79,944 $ 93,601 $ 80,783 $ (12,818) TIF District #4 75,000 - - - Other Financing Sources (Uses) Total $ 154,944 $ 93,601 $ 80,783 $ - Net increase in fund balance $ 25,002 $ 19,822 $ 29,501 $ 9,679 Fund Balance - Jan 1 868,723 893,725 913,547 19,822 Fund Balance - Dec 31 $ 893,725 $ 913,547 $ 943,048 $ 29,501 RE CITY OF STILLWATER, MINNESOTA OTHER LONG-TERM DEBT Fund Type: Debt Service Fund Fund Numbers: 390 - 399 ID 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: Capital Lease -Outdoor Lightinq (at St Croix Valley Recreation Center) Proceeds form the Capital Lease -Outdoor Lighting were used to purchase outdoor lighting for the St Croix Valley Recreation Center's outdoor ice rink. A pledge was made by the Stillwater Hockey Association to reimburse the City for this purchase. Funding: Capital Lease -Outdoor Lighting (at St Croix Valley Recreation Center) Funding is provided by the Stillwater Hockey Association. Notes: - Fund balance is reserved for debt service payments, both current and future. M. CITY OF STILLWATER, MINNESOTA • OTHER LONG-TERM DEBT Fund Type: Debt Service Fund Fund Numbers: 390 - 399 2013 2014 SUMMARY OF REVENUES 2012 ADOPTED ADOPTED $ Increase AND EXPENDITURES ACTUAL BUDGET BUDGET (Decrease) REVENUES: Interest 7 - - - Refunds & Reimbursements $ 11,927 $ 11,927 $ 11,927 $ - Revenue Total $ 11,934 $ 11,927 $ 11,927 $ - EXPENDITURES: Debt Service: Principal $ 95,238 $ 53,275 $ 11,335 $ (41,940) Interest 1,689 1,154 592 (562) Expenditure Total $ 96,927 $ 54,429 $ 11,927 $ (42,502) Revenues over expenditures $ (84,993) $ (42,502) $ - $ 42,502 OTHER FINANCING SOURCES (USES): Transfer In $ 85,000 $ 42,500 $ - $ (42,500) Other Financing Sources (Uses) Total $ 85,000 $ 42,500 $ - $ (42,500) Net increase in fund balance $ 7 $ (2) $ - $ 2 Fund Balance - Jan 1 512 519 517 (2) Fund Balance - Dec 31 $ 519 $ 517 $ 517 $ - • Capital Project 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 BEAUT��BEq %UT��, G G o CAPITALPR, , I Is 63r,� SUMMARY OF REVENUES AND EXPENDITURES REVENUES: Tax Increment Market Value Homestead Credit Interest Revenue Total EXPENDITURES: Contractual Pedestrain Plaza Fagade Program Legal Other Expenditure Total Revenues over expenditures OTHER FINANCING SOURCES (USES): Transfer Out Net increase in fund balance Fund Balance -Jan 1 Fund Balance - Dec 31 Revenue Totals (Info only) Expenditure Totals (Info only) M 2013 2014 2012 ADOPTED ADOPTED $ Increase ACTUAL BUDGET BUDGET (Decrease) — $ 2,224,672 $ 2,247,000 $ 1,455,000 $ (792,000) 31,669 - - - $ 2,256,341 $ 2,247,000 $ 1,455,000 $ (792,000) $ 744,956 $ 809,800 $ 871,460 $ 61,660 3,063 - - - 868,969 - - - $ 1,619,565 $ 809,800 $ 871,460 $ - $ 636,776 $ 1,437,200 $ 583,540 $ (792,000) $ (503,497) $ (332,393) $ (346,795) $ (14,402) $ 133,279 $ 1,104,807 $ 236,745 $ (868,062) 7,962,198 8,095,477 9,200,284 1,104,807 $ 8,095,477 $ 9,200,284 $ 9,437,029 $ 236,745 M CITY OF STILLWATER, MINNESOTA TIF DISTRICT # 6 Fund Type: Capital Projects Fund Fund Number: 466 Fund Description: The City is the administering authority for Development District #1, Tax Increment District #6, Jr. High (TIF District #6). The district is a redevelopment district established in 1993 and has a 25 -year duration upon the receipt of the tax increment. 1995 was the date of the first tax increment receipt and December 31, 2019 is the required date of decertification. Projects/Pay-as-you-qo Obligations within this district are as follows: CUB/Jr High This project was a redevelopment of the old Stillwater Junior High site into corporate headquarters for CUB Foods and a public parking lot. No tax increment obligation is due to the developer. Ism CITY OF STILLWATER, MINNESOTA TIF DISTRICT * 6 Fund Type: Capital Projects Fund Fund Number: 466 SUMMARY OF REVENUES AND EXPENDITURES REVENUES: Tax Increment Interest Revenue Total EXPENDITURES: Other Expenditure Total Revenues over expenditures Net increase in fund balance Fund Balance - Jan 1 Fund Balance - Dec 31 503 $ 503 $ - $ 65,000 $ (10,000) $ 76,759 $ 2013 2014 (10,000) 2012 ADOPTED ADOPTED $ Increase ACTUAL BUDGET BUDGET (Decrease) $ 74,297 $ 75,000 $ 65,000 $ (10,000) 2,965 - - - $ 77,262 $ 75,000 $ 65,000 $ (10,000) 503 $ 503 $ - $ 65,000 $ (10,000) $ 76,759 $ 75,000 $ 65,000 $ (10,000) 667,395 744,154 819,154 75,000 $ 744,154 $ 819,154 $ 884,154 $ 65,000 w CITY OF STILLWATER, MINNESOTA TIF DISTRICT * 8 Fund Type: Capital Projects Fund Fund Number: 468 Fund Description: The City is the administering authority for Development District #2, Tax Increment District #8, Anchobaypro, Inc (TIF District #8). The district is a housing district established in 2000 and has a 25 -year 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. P roe ects/Pay-as-you-qo Obligations within this district are as follows: LONG LAKE VILLAS Long Lake Villas is a low to moderate income multifamily housing project. The City entered into any agreement with Long Lake Limited Partnership to aid in financing a portion of tax 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 90% of the tax increment derived from the development property (Long Lake Villas). 9.9 1st Not to Scheduled Available Exceed a Maximum Payments Expected Development Payment Duration Tax Payment Total to Date 2014 Property Date of Payments Increment" of Obligation 12/31/13 Payment Long Lake Villas 2002 Life of District 90% N/A $1,284,038 $873,255 $76,500 9.9 CITY OF STILLWATER, MINNESOTA TIF DISTRICT *8 Fund Type: Capital Projects Fund Fund Number: 468 SUMMARY OF REVENUES AND EXPENDITURES REVENUES: Tax Increment Interest Revenue Total EXPENDITURES: Contractual: Long lake Villas Contractual Total Other Expenditure Total Revenues over expenditures Net increase in fund balance Fund Balance - Jan 1 Fund Balance - Dec 31 $ 2013 2014 82,800 2012 ADOPTED ADOPTED $ Increase ACTUAL BUDGET BUDGET (Decrease) $ 85,572 $ 92,000 $ 85,000 $ (7,000) 376 - - - $ 85,948 $ 92,000 $ 85,000 $ (7,000) $ 79,262 $ 82,800 $ 76,500 $ (6,300) $ 79,262 $ 82,800 $ 76,500 $ (6,300) 890 - - - $ 80,152 $ 82,800 $ 76,500 $ (6,300) $ 5,796 $ 9,200 $ 8,500 $ (700) $ 5,796 $ 9,200 $ 8,500 $ (700) 120,482 126,278 135,478 9,200 $ 126,278 $ 135,478 $ 143,978 $ 8,500 M CITY OF STILLWATER, MINNESOTA TIF DISTRICT #9 Fund Type: Capital Projects Fund Fund Number: 469 Fund Description: The City is the administering authority for Development District #1, Tax Increment District #9, Curve Crest Villas (TIF District #9). The district is a housing district established in 2002 and has a 25 -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. Projects/Pay-as-you-qo Obligations within this district are as follows: CURVE CREST VILLAS Curve Crest Villas is a low to moderate income multifamily rental project. Two (2) notes were issued in the relation to this project to reimburse the developer for tax increment eligible costs. These notes are as follows: 11 Totals 11 $30,00011 $43,65211 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 90% of the tax increment derived from the development property (Curve Crest Villas) and received by the City in the six months preceding the payment date. Balance Principal Interest Note Issue Date of as of Due in Due in Note Issue Number Amount Issuance 12/31/13 2014 2014 $445,000 TIF Revenue Note R-1 $445,000 06/14/02 $362,500 $15,000 $21,826 $445,000 TIF Revenue Note R-2 $445,000 06/14/02 $362,500 $15,000 $21,826 11 Totals 11 $30,00011 $43,65211 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 90% of the tax increment derived from the development property (Curve Crest Villas) and received by the City in the six months preceding the payment date. CITY OF STILLWATER, MINNESOTA 907 TIF DISTRICT #9 Fund Type: Capital Projects Fund Fund Number: 469 2013 2014 SUMMARY OF REVENUES 2012 ADOPTED ADOPTED $ Increase AND EXPENDITURES ACTUAL BUDGET BUDGET (Decrease) REVENUES: Tax Increment $ 82,825 $ 80,000 $ 85,000 $ 5,000 Interest 127 - - - Revenue Total $ 82,952 $ 80,000 $ 85,000 $ 5,000 EXPENDITURES: Contractual: Curve Crest Villas 75,256 72,000 76,500 4,500 Miscellaneous 1,250 - - - Contractual Total $ 76,506 $ 72,000 $ 76,500 $ 4,500 Expenditure Total $ 76,506 $ 72,000 $ 76,500 $ 4,500 Revenues over expenditures $ 6,446 $ 8,000 $ 8,500 $ 500 Net increase in fund balance $ 6,446 $ 8,000 $ 8,500 $ 500 Fund Balance - Jan 1 58,338 64,784 72,784 8,000 Fund Balance - Dec 31 $ 64,784 $ 72,784 $ 81,284 $ 8,500 907 CITY OF STILLWATER, MINNESOTA TIF DISTRICT #10 Fund Type: Capital Projects Fund Fund Number: 470 (D Fund Description: The City is the administering authority for Development District #1, Tax Increment District #10, Scattered Site Housing Projects (TIF District #10). The district is a redevelopment district established in 2004 and has a 25 -year duration upon the receipt of the first increment. 2005 is the date of the first increment receipt and December 31, 2030 is the required date of decertification. Debt Obligation: $5,300,000 General Obligation Tax Increment Bonds, Series 2008B. This debt obligation was issued to contruct a municipal parking ramp. Net revenues from this distict are its funding source. Total amount outstaning as of December 31, 2013: $4,790,000 (see page 84 for more information on the debt service obligation). Projects/Pay-as-you-go Obligations within this district are as follows: LOFTS OF STILLWATER Lofts of Stillwater is a residential and commercial development project consisting of 1 building. 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 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. 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 Notes 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: Balance Principal Interest Principal Issue Date of as of Due in Due in Bond Issue Amount Issuance 12/31/13 2014 2014 $2,390,000 TIF Revenue Bonds $2,390,000 07/20/06 $1,965,000 $95,000 $104,630 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 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. 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 Notes 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: Totals $165,000 $372.090 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 Terra Springs development) and received by the City in the six months preceding the payment date. 100 Balance Principal Interest Building Issue Date of as of Due in Due in Note Issue Number Amount Issuance 12/31/13 2014 2014 $3,255,000 TIF Revenue Note 1,2,4 $3,255,000 12/10/03 $2,805,000 $87,000 $195,948 $2,923,000 TIF Revenue Note 3,5 $2,923,000 09/15/04 $2,565,000 $78,000 $176,142 Totals $165,000 $372.090 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 Terra Springs development) and received by the City in the six months preceding the payment date. 100 CITY OF STILLWATER, MINNESOTA TIF DISTRICT *10 Fund Type: Capital Projects Fund Fund Number: 470 2013 2014 SUMMARY OF REVENUES 2012 ADOPTED ADOPTED $ Increase AND EXPENDITURES ACTUAL BUDGET BUDGET (Decrease) REVENUES: Tax Increment $ 1,154,868 $ 1,200,000 $ 1,220,000 $ 20,000 Interest 2,266 - - - Revenue Total $ 1,157,134 $ 1,200,000 $ 1,220,000 $ 20,000 EXPENDITURES: $ (322,310) $ (332,393) $ (346,795) $ (14,402) Contractual: $ (322,310) $ (332,393) $ (346,795) $ - Lofts of Stillwater $ 183,234 $ 250,000 $ 346,370 $ 96,370 Terra Springs 404,698 405,000 372,090 (32,910) Lumber Barons $ 1,256 $ - $ - $ - Contractual Total $ 589,188 $ 655,000 $ 718,460 $ 63,460 Parking Ramp $ 2,577 $ - - $ - Legal 3,063 - - - Other 30,669 - - - Expenditure Total $ 625,497 $ 655,000 $ 718,460 $ 63,460 Revenues over expenditures $ 531,637 $ 545,000 $ 501,540 $ (43,460) OTHER FINANCING SOURCES (USES): Transfer Out $ (322,310) $ (332,393) $ (346,795) $ (14,402) Other Financing Sources (Uses) Total $ (322,310) $ (332,393) $ (346,795) $ - Net increase in fund balance $ 209,327 $ 212,607 $ 154,745 $ (57,862) Fund Balance - Jan 1 912,819 1,122,146 1,334,753 212,607 Fund Balance - Dec 31 $ 1,122,146 $ 1,334,753 $ 1,489,498 $ 154,745 101 Enterprise Funds Enterprise Funds are used by the City to account for the operations that are financed primarily by userfees. 2014 OPERATING EXPENSES BY TYPE Depreciation 1196 . ._ Services and Charges ml upp|ies 3% CITY OF STILLWATER, MINNESOTA ENTERPRISE FUNDS 2013 2014 SUMMARY OF REVENUES 2012 AMENDED ADOPTED $ Increase AND EXPENSES ACTUAL BUDGET BUDGET (Decrease) OPERATING REVENUES $ 3,038,161 $ 3,009,250 $ 3,355,000 $ 345,750 OPERATING EXPENSES: Personnel Services Supplies Service and Charges Miscellaneous Depreciation Operating Expenses Total Income (Loss) from Operations NONOPERATING REVENUES: Interest Income Miscellaneous Nonoperating Revenues Total Income (Loss) before Other Increases (Decreases) OTHERINCREASES(DECREASES) Transferin Transfer (Out) Other Increases Total Change in Net Position Net Assets - Jan 1 Net Assets - Dec 31 $ 779,477 $ 761,347 $ 781,064 $ 71,637 102,700 105,850 2,062,484 2,357,383 2,361,125 60,381 49,145 50,700 448,117 428,000 413,306 $ 3,422,096 $ 3,698,575 $ _ 3,712,045 $ $ (383,935) $ (689,325) $ (357,045) $ $ 27,334 $ 29,000 $ 47,650 56,000 74,984 $ 85,000 $ 19,717 3,150 3,742 1,555 (14, 694) 13,470 27,200 $ (1,800) 94,000 38,000 121,200 $ 36,200 $ (308,951) $ (604,325) $ (235,845) $ 368,480 $ 106,187 $ - $ - $ - - (8,119) - 8,119 $ 106,187 $ (8,119) $ - $ 8,119 $ (202,764) $ (612,444) $ (235,845) $ 376,599 15,134,837 14,932,073 14,319,629 (612,444) $ 14,932,073 $ 14,319,629 $ 14,083,784 $ (235,845) im CITY OF STILLWATER, MINNESOTA ►SANITARY SEWER Fund Type: Enterprise Fund Fund Number: 700 a) Fund Description: 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 solely supported by service fees charged to users. Rates: Minimum usage charge: $42.00 (Rate established by Resolution No. 2013-139, 08/20/2013) Overage charge: $4.80 per 1,000 gallons (Rate established by Resolution No. 2013-139, 08/20/2013) 2014 Staffing Level: Full -Time (Benefitted) I 3.95 FTE (Full Time Equivalents) Part -Time (Non -Benefitted) 1 2.0 1 Number of Positions 2014 Budget Impacts: - Personnel costs include 2% COLA on wages, $20 per month increase in medical insurance contributions, and a 10% increase in dental insurance rates - Personnel costs include a State mandated contribution rate increase to PERA . Beginning July 1, 2014, the employers contribution to the plan will increase from 7.25% to 7.38% for the Coordinated Plan and from 14.4% to 15.3% for the Police and Fire Plan on January 1 st, 2014. - Metropolitan Council provides water treatment services for the wastewater collected by the City's sanitary sewer system. Notes: - A review of the rates is done annually to assure the financial integrity of this fund. CITY OF STILLWATER, MINNESOTA SUMMARY OF REVENUES AND EXPENSES OPERATING REVENUES: Charges for Services OPERATING EXPENSES: Personnel Services: Salaries - Full Time Overtime - Full-time Salaries - Part Time Benefits Personnel Services Total Supplies: Service and Charges: Consulting Engineer Lift Station Repairs Sewer Line Repairs Metropolitan Council Other Services and Charges Total Miscellaneous: Depreciation: Operating Expenses Total Income (Loss) from Operations NONOPERATING REVENUES (EXPENSES): Interest Income Penalty Other Nonoperating Revenues Total Change in Net Position Net Assets - Jan 1 Net Assets - Dec 31 SANITARY SEWER Fund Type: Enterprise Fund Fund Number: 700 2013 2014 2012 ADOPTED ADOPTED $ Increase ACTUAL BUDGET BUDGET (Decrease) $ 1,905,730 $ 1,900,000 $ 2,217,000 317,000 $ 203,181 $ 228,509 $ 236,865 8,356 2,329 9,120 10,000 880 21,184 13,000 13,000 - 89,279 85,218 86,899 1,681 $ 315,973 $ 335,847 $ 346,764 10,917 $ 24,654 $ 40,100 $ 49,100 9,000 $ - $ 1,000 $ 1,000 - 16,421 50,000 55,000 5,000 2,362 15,000 15,000 - 1,425,808 1,520,000 1,511,803 (8,197) 196,727 223,508 232,849 9,341 $ 1,641,318 $ 1,809,508 $ 1,815,652 6,144 $ 6,192 $ 4,000 $ 5,500 1,500 $ 299,319 $ 284,000 $ 300,000 16,000 $ 2,287,456 43,561 $ 2,517,016 $ 2,473,455 $ (381,726) $ (573,455) $ (300,016) 273,439 $ 24,000 $ 25,000 $ 24,000 (1,000) 43,780 42,000 80,000 38,000 3,870 14,000 14,000 - $ 71,650 $ 81,000 $ 118,000 37,000 $ (310,076) $ (492,455) $ (182,016) 310,439 7,860,670 7,550,594 7,058,139 (492,455) $ 7,550,594 $ 7,058,139 $ 6,876,123 (182,016) i CITY OF STILLWATER, MINNESOTA STORM SEWER Fund Type: Enterprise Fund Fund Number: 705 C) Fund Description: 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 No. 2007-248,12/18/2007): Single -Family and Duplexes: $10.00 per dwelling Institutional: $60.00 per acre Multi -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 2014 Staffing Level: Full Time I 2.85 FTE (Full Time Equivalents) 2014 Budget Impacts: - Personnel costs include 2% COLA on wages, $20 per month increase in medical insurance contributions, and a 10% increase in dental insurance rates - Personnel costs include a State mandated contribution rate increase to PERA . Beginning July 1, 2014, the employers contribution to the plan will increase from 7.25% to 7.38% for the Coordinated Plan and from 14.4% to 15.3% for the Police and Fire Plan on January 1 st, 2014. - Membership & Dues is dues to the Middle St Croix WMO and the East Metro Water Resource Consultant (providing the education portion of the MS4 permit), and League of Minnesota Cities -Coalition of Metro Cities. Notes: - A review of the rates is done annually to assure the financial integrity of this fund. 108 CITY OF STILLWATER, MINNESOTA STORM SEWER Fund Type: Enterprise Fund C, ) Fund Number: 705 SUMMARY OF REVENUES 2012 AND EXPENSES ACTUAL OPERATING REVENUES: Charges for Services OPERATING EXPENSES: Personnel Services: Salaries - Full Time Overtime - Full -Time Salaries - Part Time Benefits Personnel Services Total Supplies: Service and Charges: Consulting Engineer Contractual Storm Sewer Repairs Pond Maintenance Other Services and Charges Total Miscellaneous: Memberships and Dues Other Miscellaneous Total Depreciation: Operating Expenses Total Income (Loss) from Operations NONOPERATING REVENUES: Interest Income Nonoperating Revenues Total Change in Net Position Net Assets - Jan 1 Net Assets - Dec 31 $ 494,910 $ 2013 AMENDED BUDGET 496,000 $ 2014 ADOPTED $ Increase BUDGET (Decrease) 496,000 $ - $ 173,291 $ 170,248 $ 172,685 $ 2,437 1,085 5,350 4,000 (1,350) 8,426 - - - 60,580 62,536 66,885 4,349 $ 243,382 $ 238,134 $ 243,570 $ 5,436 $ 18,479 $ 18,750 $ 12,750 $ (6,000) $ 19,796 $ 20,500 $ 20,000 $ (500) - 3,400 9,200 5,800 3,562 20,000 20,000 - 591 40,000 40,000 - 47,440 76,786 70,810 (5,976) $ 71,389 $ 160,686 $ 160,010 $ (676) $ 34,616 $ 36,645 $ 37,200 $ 555 550 5,500 5,500 - $ 35,166 $ 42,145 $ 42,700 $ 555 $ 22,330 $ 24,000 $ 22,000 $ (2,000) $ 390,746 $ 483,715 $ (2,685) $ 481,030 $ 104,164 $ 12,285 $ 14,970 $ 2,685 $ 1,587 $ 2,000 $ 1,500 $ (500) $ 1,587 $ 2,000 $ 1,500 $ (500) $ 105,751 $ 14,285 $ 16,470 $ 2,185 368,095 473,846 488,131 14,285 $ 473,846 $ 488,131 $ 504,601 $ 16,470 WE CITY OF STILLWATER, MINNESOTA SIGNS & LIGHTING Fund Type: Enterprise Fund Fund Number: 710 (Z) Fund Description: 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 Information: 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. Funding Source: Expenses are solely supported by service fees charged to users. Rates (established by Resolution No. 2003-151, 07/01/2003): Single -Family and Duplexes: $8 per dwelling Commercial: $96 per acre Multi -Family: $6 per unit Commercial with System: $128 per acre Institutional: $24 per acre Active Open Space: $2 per acre Interfund Obligation * On August 5, 2003, Resolution Number 2003-173, the City Council approved the funding of the Industrial Park 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 $165,470 to the Sign & Lighting Fund to cover the negative cash amount of the fund. ** As part of the feasibility report for the 2006 Street Improvement 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 Projects Fund was done to cover the deficit in the Signs and Lighting Fund. Future cash is pledged for the repayment of the interfund borrowing. ** The balance of the interfund borrowings is as follows: Interfund Obligation Original Loan Amount Amount Paid*** to Date Balance as of 12/31/11 Projected Amount to be Paid in 2013 Due to Capital Projects Fund $165,470 $77,694 $87,776 $8,119 Due to Capital Projects Fund $17,630 $0 $17,630 $0 Total $183,100 $77,694J $105,406 $8,119 ***Yearly payments are not calculated until the closing of the fiscal year. In other words, the annual payment for fiscal year 2012 will not be available until March of 2013. 2014 Staffing Level: Full Time I 0.951FTE (Full Time Equivalents) 2014 Budget Impacts: - Personnel costs include 2% COLA on wages, $20 per month increase in medical insurance contributions, and a 10% increase in - Personnel costs include a State mandated contribution rate increase to PERA . Beginning July 1, 2014, the employers contribution to the plan will increase from 7.25% to 7.38% for the Coordinated Plan and Notes: - An annual review of the rates will be done to assure the financial integrity of this fund. 110 CITY OF STILLWATER, MINNESOTA SUMMARY OF REVENUES AND EXPENSES OPERATING REVENUES: Charges for Services OPERATING EXPENSES: Personnel Services: Salaries - Full Time Overtime - Full -Time Benefits Personnel Services Total Supplies: Service and Charges: Contractual Electricity Other Services and Charges Total Miscellaneous: Depreciation: Operating Expenses Total Income (Loss) from Operations Other Decreases: Transfer (Out) Change in Net Position Net Assets - Jan 1 Net Assets - Dec 31 SIGNS & LIGHTING Fund Type: Enterprise Fund Fund Number: 710 2013 2012 AMENDED ACTUAL BUDGET $ 379,471 $ 378,250 $ 2014 ADOPTED $ Increase BUDGET (Decrease) 377,000 $ (1,250) $ 93,568 $ 51,228 $ 52,517 $ 1,289 1,485 2,000 2,500 500 29,728 22,641 21,516 (1,125) $ 124,781 $ 75,869 $ 76,533 $ 664 $ 14,953 $ 21,750 $ 22,100 $ 350 $ - $ 600 $ 600 $ - 224,519 242,000 242,000 - 30,328 29,159 31,473 2,314 $ 254,847 $ 271,759 $ 274,073 $ 2,314 $ 219 $ 1,000 $ 500 $ (500) $ 1,306 $ - $ 1,306 $ 1,306 $ 396,106 $ 4,134 $ 370,378 $ 374,512 $ (16,635) $ 7,872 $ 2,488 $ (5,384) $ - $ (8,119) $ - $ 8,119 $ (16,635) $ (247) $ 2,488 $ 2,735 (104,042) (120,677) (120,924) (247) $ (120,677) $ (120,924) $ (118,436) $ 2,488 ifs CITY OF STILLWATER, MINNESOTA PARKING Fund Type: Enterprise Fund Fund Number: 720 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, pay parking and permit parking. Funding Source: Expenses are solely supported by parking fees charged to users. Major revenues include pay parking fees, permit parking fees and parking enforcement fines. 2013 Staffing Level: Full Time I 1.10 FTE (Full Time Equivalents) Part Time 1 6.01 Number of Positions 2014 Budget Impacts: - Personnel costs include 2% COLA on wages, $20 per month increase in medical insurance contributions, and a 10% increase in dental insurance rates - Personnel costs include a State mandated contribution rate increase to PERA . Beginning July 1, 2014, the employers contribution to the plan will increase from 7.25% to 7.38% for the Coordinated Plan and from 14.4% to 15.3% for the Police and Fire Plan on January 1 st, 2014. 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 Pay Parking Program consists of Lots #1 (South Main St Lot) and Lot #2 (River Lot). 112 CITY OF STILLWATER, MINNESOTA SUMMARY OF REVENUES AND EXPENSES OPERATING REVENUES: Parking Permits Parking Meters Parking Fines/Tickets Operating Revenues Total OPERATING EXPENSES: Personnel Services: Salaries - Full Time Overtime - Full Time Salaries - Part Time Benefits Personnel Services Total Supplies: Service and Charges: Miscellaneous: Depreciation: Operating Expenses Total Income (Loss) from Operations NONOPERATING REVENUES (EXPENSES): Interest Income Sale of Property Nonoperating Revenues Total Change in Net Assets Net Assets - Jan 1 Net Assets - Dec 31 PARKING Fund Type: Enterprise Fund Fund Number: 720 2013 2012 AMENDED ACTUAL BUDGET $ 35,890 $ 27,000 $ 152,656 115,000 22,111 35,000 _ $ 210,657 $ 177,000 $ 2014 50,036 ADOPTED $ Increase BUDGET (Decrease) 40,000 $ 13,000 140,000 25,000 25,000 (10,000) 205,000 $ 28,000 $ 50,036 $ 49,708 $ 51,151 $ 1,443 3,379 3,000 3,000 - 25,054 36,000 36,000 - 16,872 19,882 21,139 1,257 $ 95,341 $ 108,590 $ 111,290 $ 2,700 $ 11,321 $ 18,100 $ 18,100 $ - $ 47,879 $ 61,362 $ 58,492 $ (2,870) $ 17,631 $ 1,000 $ 1,000 $ - $ 32,629 $ 30,000 $ - $ (30,000) $ 204,801 $ (30,170) $ 219,052 $ 188,882 $ 5,856 $ (42,052) $ 16,118 $ 58,170 $ 1,747 $ 2,000 $ 1,700 $ (300) $ 1,747 $ (300) $ 2,000 $ 1,700 $ 7,603 $ (40,052) $ 17,818 $ 57,870 848,772 856,375 816,323 (40,052) $ 856,375 $ 816,323 $ 834,141 $ 17,818 WE CITY OF STILLWATER, MINNESOTA PARKING RAMP Fund Type: Enterprise Fund Fund Number: 725 a) Fund Description: The Parking Ramp 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 Ramp is located on 2nd 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 Parking Fund. For financial statement purposes the parking ramp fund is combined with the Parking Fund. 114 CITY OF STILLWATER, MINNESOTA PARKING RAMP Fund Type: Enterprise Fund Fund Number: 725 2013 SUMMARY OF REVENUES 2012 AMENDED AND EXPENSES ACTUAL BUDGET OPERATING REVENUES: Parking Permits OPERATING EXPENSES: Supplies: Service and Charges: Miscellaneous: Depreciation: Operating Expenses Total Income (Loss) from Operations OTHERINCREASES(DECREASES): Transfer In Total Other Increases (Decreases) Change in Net Assets Net Assets - Jan 1 Net Assets - Dec 31 $ 47,393 $ 58,000 $ 2014 ADOPTED $ Increase BUDGET (Decrease) 60,000 $ 2,000 $ 2,230 $ 4,000 $ 3,800 $ (200) $ 47,051 $ 54,068 $ 52,898 $ (1,170) $ 1,173 $ 1,000 $ 1,000 $ - $ 92,533 $ 90,000 $ 90,000 $ - $ 142,987 $ 151,975 $ (1,370) $ 150,605 $ (95,594) $ (93,975) $ (90,605) $ 3,370 $ 106,187 $ - $ - $ - $ 106,187 $ - $ - $ - $ 10,593 $ (93,975) $ (90,605) $ 3,370 6,161,342 6,171,935 6,077,960 (93,975) $ 6,171,935 $ 6,077,960 $ 5,987,355 $ (90,605) 115 r��� CITY OF STILLWATER, MINNESOTA t BEA�r� � ^EAUI�G , CAPITAL OUTLAY I �1 DEPARTMENT GENERAL FUND Mayor & Cify Council Replacement/New iPads Total Mayor & City Council ADOPTED Account Name 1,800 Computer Equipment 1,800 Funding Source 2014 Bonds Network. infrastructure (IR(flllloveir° request) 44,,200 Computer Equipment 2012 III': and s Anti Virus Software 5,200 Computer Equipment 2014 Bonds Email Filtering 4,000 Computer Equipment 2014 Bonds Microsoft Licensing 30,175 Computer Equipment 2014 Bonds Host and SAN Storage 22,000 Computer Equipment 2014 Bonds Portable PA System 2,500 Computer Equipment 2014 Bonds New UPS 2,500 Computer Equipment 2014 Bonds Switches (Server Room, 3rd Floor) 3,000 Computer Equipment 2014 Bonds ID Printer 3,800 Computer Equipment 2014 Bonds Computer 2,400 Computer Equipment 2014 Bonds Firewall 9,000 Computer Equipment 2014 Bonds Total MIS 128,775 Finance Springbrook. Upgrade (Roiloveir request) 23,345 Computer Equipment 2012 Bonds, Computer Replacement 4,400 Computer Equipment 2014 Bonds Scanner 1,500 Computer Equipment 2014 Bonds Printer 1,200 Computer Equipment 2014 Bonds Total Finance 30,445 Administration Additional Laserfiche Licenses 3,750 Computer Equipment 2014 Bonds Total Administration 3,750 Plant Irnprovevnents (I'tollr.)vu.u,. u.equuest) 18,900 Improvement 2012 Iltonds Awning over Back Door 8,000 Improvement 2014 Bonds Increase Machinery & Equipment Fund 15,000 Machinery & Equipment 2014 Bonds Total Plant 41,900 Communitv Development Large Format Plotter/Scanner 3,400 Computer Equipment 2014 Bonds Replace 3rd Floor Copier 2,850 Computer Equipment 2014 Bonds Replace Secretary Computer 800 Computer Equipment 2014 Bonds Total Community Development 7,050 Police Computer IE.quupmeint (Rollover request) Computer Equipment Three (3) Patrol Vehicles 120,000 Automotive 2014 Bonds One (1) Unmarked Vehicle - Automotive Pole Camera 9,000 Machinery & Equipment 2014 Bonds Rifle Equipment 5,000 Machinery & Equipment 2014 Bonds Redman Training Suit 1,000 Machinery & Equipment 2014 Bonds Computers 800 Computer Equipment 2014 Bonds Toughbooks for MDC Replacement 9,000 Computer Equipment 2014 Bonds In Car Video 15,000 Computer Equipment 2014 Bonds Recorder Replacement 6,000 Computer Equipment 2014 Bonds Wireless Access Point 1,600 Computer Equipment 2014 Bonds Total Police 167,400 119 CITY OF STILLWATER, MINNESOTA rl201.4 CAPITAL OUTLAY �Gj a; DEPARTMENT ADOPTED Account Name Funding Source GENERAL FUND (Continued) 1,200 Computer Equipment 2014 Bonds Fire 3,400 Computer Equipment 2014 Bonds Igachi n e;y &, @:''''*niinment (114t"6l1over urmquest) 19,960 Machinery & Equipment 2012 Bonds Iornprovemients )II'toflover request) '12,,200 Improvement 2012 Boiinuds Minitor Radio Pagers 4,500 Machinery & Equipment 2014 Bonds Bunker Gear Replacement 10,000 Machinery & Equipment 2014 Bonds Self Contained Breathing Apparatus (SCBA's) 4 Units 36,000 Machinery & Equipment 2014 Bonds Apparatus Replacement 200,000 Automotive 2014 Bonds Thermal Imaging Camera Replacement 12,500 Machinery & Equipment 2014 Bonds Emergency Response Vehicle Computer System 6,000 Computer Equipment 2014 Bonds Printer Replacement 1,000 Computer Equipment 2014 Bonds Copier 5,000 Computer Equipment 2014 Bonds Total Fire 307,160 Computer Equipment 2014 Bonds Building Inspections 1,000 Computer Equipment 2014 Bonds Permit Tech/Sec Workstation 4,000 Machinery & Equipment 2014 Bonds Remodel to create Building/Planning 1,000 Computer Equipment 2014 Bonds Reception Window 15,000 Improvement 2014 Bonds Interface/Programmimg for On-line Permitting 9,000 Computer Equipment 2014 Bonds iPads or Similar for Mobile Inspection Application 1,800 Computer Equipment 2014 Bonds Replace Building Official and Inspector Computers 1,600 Computer Equipment 2014 Bonds Large Format Plotter/Scanner 3,400 Computer Equipment 2014 Bonds Replace 3rd Floor Copier 2,850 Computer Equipment 2014 Bonds Total Building Inspections 37,650 Civil Defense Downtown Warning Siren 22,000 Machinery & Equipment 2014 Bonds Total Civil Defense 22,000 Computers 1,200 Computer Equipment 2014 Bonds Large Format Plotter/Scanner 3,400 Computer Equipment 2014 Bonds Replace 3rd Floor Copier 2,850 Computer Equipment 2014 Bonds Total Engineering 7,450 Streets Tandem Hook Truck Plow 125,000 Machinery & Equipment 2014 Bonds Roller/Compacter 30,000 Machinery & Equipment 2014 Bonds 2 Salt Sander Units 15,000 Machinery & Equipment 2014 Bonds Skidsteer w/Attachments 45,000 Machinery & Equipment 2014 Bonds GPS 25,000 Machinery & Equipment 2014 Bonds Loader Arm Scale 6,500 Machinery & Equipment 2014 Bonds 3000 Gallon Tank for Storage of Salt Brine 3,500 Machinery & Equipment 2014 Bonds Computer 1,600 Computer Equipment 2014 Bonds Scanner 1,000 Computer Equipment 2014 Bonds Switch 750 Computer Equipment 2014 Bonds Firewall 1,000 Computer Equipment 2014 Bonds Fiber to Public Works 3,750 Computer Equipment 2014 Bonds Total Streets 258,100 TOTAL GENERAL FUND $ 1,013.480 iju CITY OF STILLWATER, MINNESOTA BEAUrF � BEgU 1 DEPARTMENT ADOPTED Account Name Funding Source ST CROIX VALLEY RECREATION CENTER FUND 34,600 Machinery & Equipment 2012 Il;tonds St Croix Vallev Recreation Center lce Arena 55,000 Improvement 2014 Bonds Roof (R.o lover request) 25,000 Improvement 20,12 IIFtonds Coirnp uter egarllurnent (1"tdkwer request) 5,900 Computer Equipment 2012 Bonds Floor Scrubber' 10,000 Machinery & Equipment SCVRC II'"u.und Spectator Netting 5,000 Machinery & Equipment 2014 Bonds Outdoor Sign 15,000 Improvement 2014 Bonds Computer 800 Computer Equipment 2014 Bonds Server 8,000 Computer Equipment 2014 Bonds Video Cameraa 5,500 Computer Equipment 2014 Bonds Copier 5,000 Computer Equipment 2014 Bonds UPS 1,500 Computer Equipment 2014 Bonds Total St Croix Valley Recreation Center Ice Arena 81,700 Dome Dome Fabric 100,000 Improvement 2014 Bonds Total Lily Lake 100,000 Lily Lake Computer equ.uipfinent (1' ollruurer request) 3,0110 Computer Equipment 2012 Bonds Ice Resurfacer 60,000 Machinery & Equipment 2014 Bonds Vliideuu t'':uurnumua 5,500 Computer Equipment SCVRC Fund Total Lily Lake 68,500 TOTAL ST CROIX VALLEY RECREATION CENTER $ 250,200 LIBRARY FUND Operations Cr°uinputer, t!: qurlipimeir t (Rolloverirruu:piOB,rtj 3,270 Computer Equipment 2012 B!)n ds SmartCheck 125,000 Machinery & Equipment 2014 Bonds Computer Equipment 6,000 Computer Equipment 2014 Bonds Copier for Administration 7,000 Machinery & Equipment 2014 Bonds Total Library Operations 141,270 Plant Bt llding Irnpuurovements 5,000 Improvement 2012 Bonds Fiber Optic 5„0110 Improvement 2012 Bonds Major Building Repairs & Improvements 9,000 Improvement 2014 Bonds Wireless System Replacement 10,000 Machinery & Equipment 2014 Bonds Total Library Plant 29,000 TOTAL LIBRARY FUND $ 170,270 PARKS Machinery & Equipment (Roilover request) 34,600 Machinery & Equipment 2012 Il;tonds Legends Play Structure 55,000 Improvement 2014 Bonds Teddy Bear Park Play Surface & Turf Replacement 40,000 Improvement 2014 Bonds 72" Zero Turn Mower 15,000 Machinery & Equipment 2014 Bonds 18 HP Tractor w/Cab Mower & Blower 18,600 Machinery & Equipment 2014 Bonds 1 Ton Crew Cab Pick -Up w/Sander & Plows 46,000 Automotive 2014 Bonds Storage Building 75,000 Improvement 2014 Bonds Computer 1,600 Computer Equipment 2014 Bonds Scanner 1,000 Computer Equipment 2014 Bonds Switch 750 Computer Equipment 2014 Bonds Firewall 1,000 Computer Equipment 2014 Bonds Fiber to Public Works 3,750 Computer Equipment 2014 Bonds TOTAL PARKS FUND $ 292,300 121 CITY OF STILLWATER, MINNESOTA 2014 CAPITAL OUTLAY -a) (Contined) DEPARTMENT SANITARY SEWER Coirriputer Equilpmernt (lR6over' request) Irrnpnrovnuninermts (Ro lover irr°Mmtuest. Machin evy & Equipment (I'lolloveur request) (3) Generators for Lift Stations: Aiple, Nelson, & Brick 1 Ton Pick -Up w/Tool Box & Crane Switch Portable Tablet Scanner Firewall Fiber to Public Works Computer TOTAL SANITARY SEWER FUND ADOPTED Account Name Fundinq Source 1,,100, Computer Equipment Sanitary Sewer Fund 372,700 Improvement Sanitary Sewer Fund 2.38,800 Machinery & Equipment Sanitary Sewer Fund 145,000 Machinery & Equipment Sanitary Sewer Fund 65,000 Automotive Sanitary Sewer Fund 750 Computer Equipment Sanitary Sewer Fund 1,200 Computer Equipment Sanitary Sewer Fund 1,000 Computer Equipment Sanitary Sewer Fund 1,000 Computer Equipment Sanitary Sewer Fund 3,750 Computer Equipment Sanitary Sewer Fund 800 Computer Equipment Sanitary Sewer Fund STORM SEWER Mechanical Sweeper 170,000 Machinery & Equipment Storm Sewer Fund TOTAL STORM SEWER FUND $ 170,000 SIGNS & LIGHTING IS Speed Sign 7,000 Machinery & Equipment Signs & Lighting Fund Scanner 1,000 Computer Equipment Signs & Lighting Fund Switch 750 Computer Equipment Signs & Lighting Fund Firewall 1,000 Computer Equipment Signs & Lighting Fund Fiber to Public Works 3,750 Computer Equipment Signs & Lighting Fund TOTAL SIGNS & LIGHTING FUND PARKING Computer Equlprnent (Rollover equest) TOTAL PARKING FUND TOTAL 2014 CAPITAL OUTLAY $ 13,500 17,000 Computer Equipment Parking Fund $ 17,000 $ 2,757,850 ROLLOVER REQUESTS (12/17413 CC eetirncg) IS 441,2010 2012 Bonds Finance 23,345 2012 Bonds Plant/City IHall 18,900 2012 Bonds Fire 32.„160 2012 Bonds St Croix Valley Recreation Centeir. 33,900 20,12 Bounds Library 13,270 2012 Bonds Parks 34,600 2012 Bonds Sanitary Sewer 612,600 2012 Bonds Parking 17,000 2012 Bonds TOTAL ROLLOVER REQUESTS: $ 824,975 ***ADOPTED BUDGETincludes caw°ryn over requests made on 12/17/13*** Total by Type Automotive 431,000 Computer Equipment 336,090 Improvement 755,800 Machinery & Equipment 1,234,960 122 Totals: $ 2,757,850 CITY OF STILLWATER, MINNESOTA mow"2014 CAPITAL OUTLAY Financing IJ�� im ADOPTED Account Fundina Source 2014 Bonded GO C/O Bonds General Fund 894,875 XXX-XXXX-3910-0414 2014 Bonds St Croix Valley Recreation Center Fund 200,800 XXX-XXXX-3910-0414 2014 Bonds Library Fund 157,000 XXX-XXXX-3910-0414 2014 Bonds Parks Fund 257,700 XXX-XXXX-3910-0414 2014 Bonds Total 2°014 Bonded O C/O Bonds 1,510,375 hGH '� ren ��1 rid M1�I'�MM C10_(EC ���s �.... General Fund 118,005 XXX-XXXX-39,10-0412 20,12 IBoirnds St Croix Valley Recreation Center Fund 33,900 X:X.X.X.X:X.XW39,10-0412 2012 IBonds Library Fund 13,270 X.XX-XXXX-3910-0412 2012 Bonds Parks Fund 34,600 X.X:X XXXX-39111•.11412 20,12 Bonds Total IBornn;led GOA C/O IBoirnds (PHor Years) 200,375 St Croi°br. Val1ey 1'~lecreabon Center Fund 15,500 1".umn�d (Balance Sanitary Sewer Fund 831,100 Storm Sewer 170,000 Signs & Lighting Fund 13,500 Parking Fund 17,000 TOTAL FINANCING: $ 2,757,850 im CITY OF "k,EAUT T BEAU / � ��. / IR RVES n n (Capital Reserves) 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 Capital Reserves as of 12/31/13: 2014 Commitments approved and in progress: 2014 Street Improvement Project Loan Repayment on Amory Land Expected Balance less approved and future comm itments/additions: Less Capital Reserve amount be be retained* Expected Available Balance as of 12/31/14: *Assuming a 98% collection rate on the debt service levy. WW $ 2,080,856 (28,847) 83,300 2,135,309 (2,000,000) $ 135,309 CITY OF STILLWATER, MINNESOTA 14RESERVES n / _, n (Bond Proceeds) The City funds its capital purchases with capital outlay bond proceeds which are issued every other 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 bond 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 2014): PROJECT DESCRIPTION Lowell Park Improvement Lowell Park Improvement Fire Apparatus Replacement EXPECTED BUDGET AMOUNT YEAR OF YEAR IN RESERVES FUNDING SOURCE FUND PURCHASE 2002 $158,916 2002 CO Bonds 423 2014 2003 $165,000 2003 CO Bonds 420 2014 2012 $125,000 2012 CO Bonds 412 2015 ' „� r�� ,�; III' I. GLOSSARY OFTERMS OHM Adopted Budget The financial plan of revenues and expenditures for a fiscal year as adopted by the City Council. Appropriation An authorization made by the legislative body of a government, which permits officials to incur obligations against and to make expenditures of governmental resources. Appropriations are usually made for fixed amounts and are typically granted for a one-year period. Advanced Transaction in which new debt is issued to refinance existing debt (old debt), but the proceeds Refunding must be placed in escrow pending call date or maturity (refunding in advance of redemption) 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 promise to pay (debt) a specified sum of money (principal or face 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 bonds, 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 fixed assets. Capital A 5 -year plan that identifies priorities and a timeframe for undertaking capital projects and Improvement Plan provides a financing plan for those projects. (CIP) Capital Outlay A level of budgetary appropriations that include expenses for the addition of capital assets such (C/O) 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 Rates 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. 129 di�l NE BEAUT/.r GLOSSAR 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 Valley Recreation Center, Library, and Parks. Current Refunding Refunding transaction in which the proceeds of the refunding debt are applied immediately to redeem the debt to be refunded. Date Due The final date that the amount due can be paid before late fees begin to incur. Debt Limit The maximum 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 taxing 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 bodies to ensure that all property under its jurisdiction is equitably assessed in terms of uniformity and consistency. Washington County holds a "Board of Review" during the month of May. 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. Louis, Itasca, Crow Wing, and Aitkin 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 1998. Each year, 40 percent of the growth in commercial, 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 levy is generated by applying the local tax rate to the distribution tax capacity. Fiscal Disparities The tax capacity contributed to the Metropolitan and Iron Range 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 Wing, Aitkin, and Koochiching counties are affected by these programs. Lin Was] `t E. gEAUTir 4`iNt. BEAUT/.r GLOSSARY OFTERMS Fiscal Disparity The tax capacity received from the fiscal disparities programs. Only cities located within the Twin Distribution Cities metropolitan area and the Taconite Relief Area are affected by these programs. 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 local 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 all 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 Credit Fund Balance GASB (Government Accounting Standards Board) GAAP (General Accepted Accounting Principles) A pledge of the general taxing power of the City to repay debt obligations. The cumulative excess of revenues over expenditures in a fund at the end of a fiscal year for governmental funds. An organization whose main purpose is to improve and create accounting reporting standards or generally accepted accounting principles (GAAP). These standards make it easier for users to understand and use the financial records of both state and local governments Conventions, rules and procedures that serve as the norm for the fair presentation of financial statements. 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. Homestead Market This program provides a tax reduction to all homesteads valued below $413,800 by directly Value Exclusion reducing the Taxable Tax Capacity of a property. (MVEx) 131 go EAUTir ,vt Fk', O Interest Earnings Used to describe all revenues received in a period from investment earnings and penalties & interest imposed on delinquent property taxes 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 form of grants, entitlements or shared revenues. Does Revenue not include charges for services provided by a city fund to another government. Legal Description This may be an abbreviated method of geographically identifying a parcel of land for tax purposes. The county recorder maintains the recorded legal description, which is acceptable in a court of law. Levy To impose taxes, special assessments, or service charges for the support of governmental activities. Levy Limit The maximum amount which is permitted to be levied by a taxing 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 5,000. 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 LGA in the revenue Aid (LGA) section of the General Fund. The amount of Local Government Aid given to a particular City is based on a formula approved by the State 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. During the 2008 (for budget year 2009) legislative session, the distribution formula changed yet again. LGA payments are made in two equal installments on or around July 21 and December 26 of each year. Local Tax Rate The rate used to compute taxes for each parcel of property. Local tax rate is computed by dividing the certified levy (after reduction for fiscal disparities distribution levy and disparity reduction) by the taxable tax 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 (MVHC) automatically applied to the owner's property taxes. 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. This program was repealed with the 2011 Omnibus Tax Act and was replaced with the Homestead Market Value Exclusion program. Miscellaneous Revenues not properly classified as taxes, licenses and permits, intergovernmental revenues, Revenues charges for services, or fines and forfeits. 132 S ro",4UGLOSSARY' Municipal State Aid The Minnesota Constitution requires that state gasoline taxes and motor vehicle registration fees (MSA) 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 highway (CSAH) and municipal state aid (MSA) programs. Twenty-nine percent of the fund is dedicated for certain county roads and highways. Nine percent is dedicated to cities with populations of over 5,000. The remaining 62 percent is dedicated to State trunk highway system. Certain construction standards must be adhered to before a rood can be designated as an city MSA 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. GAAP provide for the use of the other financing sources category in five specific instances: (1) Issuance of Debt; (2) Interfund transfers; (3) Proceeds of the sale of capital assets; (4) Insurance Proceeds; and (5) Payments on demand bonds. 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; (2) 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.xxxx. 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 401(a) of the Internal Revenue Code. Personnel Services A level of budgetary appropriations that include expenses for wages, employee benefits and required employment taxes. 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 kind of property; that is, real, personal, or a mobile/manufactured home. The amount of the tax is dependent on the value and property tax classification of the property. Property Tax Levy The tax imposed by a local unit of government. The tax is established on or around Dec. 28 of the year preceding the year the levy 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 taxes and delinquent taxes. Property taxes are levied on both real and personal property according to the property's valuation and tax rate. 133 1t�F' BEAUT/,r �r�- BEAUr/,c G G^ o GLOSSARY OFTERMSs 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 Building 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, multiple -employer retirement plans. This plan is established and administered in accordance with Minnesota 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. 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 fall under the City departmental organizational chart as public works. For reporting purposes, these expenditures/expenses 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 levy 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 Special Levy -Debt A special levy used specifically for the payment of bonds requiring property tax support. Service Tax Levy Special Levy-PERA A special levy specifically used to pay the increased cost of required employer contribution to the Employer regular plan of the Public Employees Retirement Association (PERA) due to rate increase that Contribution Rate were effective on or after January 1, 2002. For the coordinated Fund, the employer rate increase Increase from 5.18% to 7.5% of total salary for payable 2012. For the Police and Fire Fund, the employer rate increase from 9.3% to 14.7% of total salary. Prior to 2009, the PERA Employer Contribution Rate Increase Levy was included with the General Operating Levy. Supplies A level of budgetary appropriations which include expenses for commodities that are used. e.g. office supplies, repair and maintenance supplies etc. CITY OF STILLWATER m4iiillo ltG CGLOSSARY OFTERMS 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. Tax Roll The official list of each taxpayer subject to a property tax, together with the amount of the assessment and the amount of taxes 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. Taxes 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 services, whether federal, state, or local. Taxable Market This is the value of the parcel that the taxes 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 in, determines the amount of property taxes owed. 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. 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/meeting to take taxpayer input. Truth -in -Taxation A notice mailed 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. ow