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2010.04.08 Work Session Packetwww I i, M VIT611"UMI • '01FACI : 1 11 il 7:00 p.m. Community Room (downstairs) Pursuant to due call and notice given in the manner prescribed by Section 3.01 of the City Charter, the Work Session of the Crystal City Council was held at p.m. on Tuesday, April 8, 2010 in the Community Room located at 4141 Douglas Drive, Crystal, Minnesota. I. Call to order and attendance Mayor Bowman will call the work session to order, and the city clerk will record the attendance of the Council and City Staff: Grimes Norris J. Moore Therres Selton Mathisen Anderson Lewis L. Moore Peters Hoffmann Banick Bowman Hansen Hackett Crandall 11. Agenda The purpose of the work session is to discuss the following agenda item: General Fund Budgets for 2010 and 2011 * *A portion of this meeting may be closed to consider development of a labor negotiation strategy — developing a plan for addressing potential layoffs and budget reduction options with labor bargaining units. 111. Adjournment The Work Session adjourned at GACity ClerkXCouncil\Work sessions\Council wsagenda4.08.10.doc p.m. DATE: March 29, 2010 TO: Mayor and City Council FROM: Anne Norris, City Manager dfi�� Charles Hansen, Finance Director CH SUBJECT: General Fund Budget Discussion Background The City Council and staff have begun discussion of how to respond to a projected reduction of $921,403 in Local Government Aid (LGA) for the City of Crystal in 2010. It is expected that the situation will not get any better in 2011 or 2012. A one-time fix such as we did last year with cuts to capital outlays isn't sufficient or sustainable for what we expect to be a long-term problem. Our focus so far has been on service reductions, staff reductions, alternative revenue sources other than property taxes or LGA, and possible increases in the property tax. Cooperating with neighboring cities to provide services more efficiently is also being explored, but such operations take some time to develop. Discussion This topic was discussed at a work session on March 23, 2010. A variety of options were discussed and the City Council requested that the options be organized into several scenarios that would represent different paths to balancing the budget. Some of the options were one-time savings that will only occur in 2010. Others would not begin until 2011. Others could begin in mid -year 2010 and achieve full year savings in 2011 and thereafter. Because we will be far into the year 2010 before knowing the actual cut to LGA, we don't expect to balance the 2010 budget. However it is vital that we make changes in 2010 so that the changes will be fully effective for 2011. We must be able to balance the budget for 2011 and beyond. Scenarios For the attached scenarios, we use the Governor's proposal for LGA cuts, which costs the City of Crystal $921,403 in the year 2010. We assume that the Legislature can't substantially reduce the cuts due to the State's budget deficit and that LGA will continue at this reduced level into 2011 and beyond. Budget Scenario A The following is a possible combination of revenue enhancements and service/staffing budget cuts in 2011 that will balance a $921,403 cut in LGA. It must be remembered that even in a "no increase" budget for 2011, some fringe benefit, supply and service costs will show inflation that will have to be absorbed in the budget in addition to the cut in LGA. ITEM DISCUSSION SAVINGS General Fund line Mostly small and non -controversial reductions in $42,736 item reductions department budgets, see Attachment A. Frolics support Total overtime costs for Police and Public Works $15,000 departments runs about $25,000, but the Frolics reimburses the City for $10,000. Animal Control Eliminate New Hope contract. $24,526 Pawn Shop Fees Increase transaction fee from $2 to $3 per transaction. $10,000 Franchise Fees Institutes a fee that will be $1 per month per $300,000 residential gas and $1 per month per residential electric meter. Commercial meters will be more. Property Taxes Using the 2010 budget as a model, expenses will grow $87,500 by a little less than 1 % even if we attempt to freeze all costs. This could be about $100,000. A 2% increase in the 2011 property tax levy will generate about $187,500 of new revenue. It is our understanding that State Law, if not changed, will allow 2010 LGA cuts to be used as a special levy in 2011. Crystal's 2010 LGA, in the absence of any state budget deficit, would have been $2,221,185. We now assume it will be $533,663, a difference of $1,687,522. To levy all of that in 2011 would result in a tax increase of 18% over the 2010 tax levy. Fire Engines Use certificates of indebtedness to purchase the fire $101,900 engines instead of attempting to save up the money in advance. This will allow for the elimination of a $101,900 per year transfer from the General Fund to the Fire Equipment Revolving Fund (FERF). If the fire engines are purchased in 2011 using about $750,000 of FERF balance and issuing certificates of $500,000, debt service would require an annual tax levy of about $63,000 beginning in 2012. Issuing a second certificate for $500,000 in 2015 for the purchase of two rescue trucks will increase the tax levy to about $130,000 in 2016. West Metro Fire & Any savings depend upon the actions of the Board of $??? Rescue District Directors. The items above provide $581,662 of new revenues or cost savings that can be applied to the LGA cut of $921,403. That leaves $339,741 that must come from reductions in staffing equal to 4.95 employee full time equivalents. Budget Scenario B The following is a possible combination of revenue enhancements and service/staffing budget cuts in 2011 that will balance a $921,403 cut in LGA. It must be remembered that even in a "no increase" budget for 2011, some fringe benefit, supply and service costs will show inflation that will have to be absorbed in the budget in addition to the cut in LGA. ITEM DISCUSSION SAVINGS General Fund line Mostly small and non -controversial reductions in $42,736 item reductions department budgets, see Attachment A. Frolics support Total overtime costs for Police and Public Works $15,000 departments runs about $25,000, but the Frolics reimburses the City for $10,000. Animal Control Eliminate New Hope contract. $24,526 Pawn Shop Fees Increase transaction fee from $2 to $3 per transaction. $10,000 Property Taxes Using the 2010 budget as a model, expenses will grow $87,500 by a little less than 1 % even if we attempt to freeze all costs. This could be about $100,000. A 2% increase in the 2011 property tax levy will generate about $187,500 of new revenue. It is our understanding that State Law, if not changed, will allow 2010 LGA cuts to be used as a special levy in 2011. Crystal's 2010 LGA, in the absence of any state budget deficit, would have been $2,221,185. We now assume it will be $533,663, a difference of $1,687,522. To levy all of that in 2011 would result in a tax increase of 18% over the 2010 tax levy. Fire Engines Use certificates of indebtedness for the purchase of $101,900 fire engines instead of attempting to save up the money in advance. This will allow for the elimination of a $101,900 per year transfer from the General Fund to the Fire Equipment Revolving Fund (FERF). If the fire engines are purchased in 2011 using about $750,000 of FERF balance and issuing certificates of $500,000, debt service would require an annual tax levy of about $63,000 beginning in 2012. Issuing a second certificate for $500,000 in 2015 for the purchase of two rescue trucks will increase the tax levy to about $130,000 in 2016. West Metro Fire & Any savings depend upon the actions of the Board of $??? Rescue District Directors. The items above provide $281,662 of new revenues or cost savings that can be applied to the LGA cut of $921,403. That leaves $639,741 that must come from reductions in staffing equal to 9.65 full-time equivalent employees. Budget Scenario C The following is a possible combination of revenue enhancements and service/staffing budget cuts in 2011 that will balance a $921,403 cut in LGA. It must be remembered that even in a "no increase" budget for 2011, some fringe benefit, supply and service costs will show inflation that will have to be absorbed in the budget in addition to the cut in LGA. ITEM DISCUSSION SAVINGS General Fund line Mostly small and non -controversial reductions in $42,736 item reductions department budgets, see Attachment A. Pawn Shop Fees Increase transaction fee from $2 to $3 per transaction. $10,000 Franchise Fees Institutes a fee that will be $1 per month per $300,000 residential gas and $1 per month per residential electric meter. Commercial meters will be more. Property Taxes Using the 2010 budget as a model, expenses will grow $87,500 by a little less than 1 % even if we attempt to freeze all costs. This could be about $100,000. A 2% increase in the 2011 property tax levy will generate about $187,500 of new revenue. It is our understanding that State Law, if not changed, will allow 2010 LGA cuts to be used as a special levy in 2011. Crystal's 2010 LGA, in the absence of any state budget deficit, would have been $2,221,185. We now assume it will be $533,663, a difference of $1,687,522. To levy all of that in 2011 would result in a tax increase of 18% over the 2010 tax levy. Fire Engines Use certificates of indebtedness for the purchase of $101,900 fire engines instead of attempting to save up the money in advance. This will allow for the elimination of a $101,900 per year transfer from the General Fund to the Fire Equipment Revolving Fund (FERF). If the fire engines are purchased in 2011 using about $750,000 of FERF balance and issuing certificates of $500,000, debt service would require an annual tax levy of about $63,000 beginning in 2012. Issuing a second certificate for $500,000 in 2015 for the purchase of two rescue trucks will increase the tax levy to about $130,000 in 2016. West Metro Fire & Any savings depend upon the actions of the Board of $??? Rescue District Directors. The items above provide $542,136 of new revenues or cost savings that can be applied to the LGA cut of $921,403. That leaves $379,267 that must come from reductions in staffing equal to 5.65 full-time equivalent employees. Budget Scenario D The following is a possible combination of revenue enhancements and service/staffing budget cuts in 2011 that will balance a $921,403 cut in LGA. It must be remembered that even in a "no increase" budget for 2011, some fringe benefit, supply and service costs will show inflation that will have to be absorbed in the budget in addition to the cut in LGA. ITEM DISCUSSION SAVINGS General Fund line Mostly small and non -controversial reductions in $42,736 item reductions department budgets, see Attachment A. Frolics support Total overtime costs for Police and Public Works $15,000 departments runs about $25,000, but the Frolics reimburses the City for $10,000. Animal Control Eliminate New Hope'contract. $24,526 Pawn Shop Fees Increase transaction fee from $2 to $3 per transaction. $10,000 Franchise Fees Institutes a fee that will be $1 per month per $300,000 residential gas and $1 per month per residential electric meter. Commercial meters will be more. Fire Engines Use certificates of indebtedness for the purchase of $101,900 fire engines instead of attempting to save up the money in advance. This will allow for the elimination of a $101,900 per year transfer from the General Fund to the Fire Equipment Revolving Fund (FERF). If the fire engines are purchased in 2011 using about $750,000 of FERF balance and issuing certificates of $500,000, debt service would require an annual tax levy of about $63,000 beginning in 2012. Issuing a second certificate for $500,000 in 2015 for the purchase of two rescue trucks will increase the tax levy to about $130,000 in 2016. West Metro Fire & Any savings depend upon the actions of the Board of $??? Rescue District Directors. The items above provide $494,162 of new revenues or cost savings that can be applied to the LGA cut of $921,403. That leaves $427,241 that must come from reductions in staffing equal to 6.5 full-time equivalent employees. Budget Scenario E The following is a possible combination of revenue enhancements and service/staffing budget cuts in 2011 that will balance a $921,403 cut in LGA. It must be remembered that even in a "no increase" budget for 2011, some fringe benefit, supply and service costs will show inflation that will have to be absorbed in the budget in addition to the cut in LGA. ITEM DISCUSSION SAVINGS General Fund line Mostly small and non -controversial reductions in $42,736 item reductions department budgets, see Attachment A. Frolics support Total overtime costs for Police and Public Works $15,000 departments runs about $25,000, but the Frolics reimburses the City for $10,000. Animal Control Eliminate New Hope contract. $24,526 Pawn Shop Fees Increase transaction fee from $2 to $3 per transaction. $10,000 Franchise Fees Institutes a fee that will be $1 per month per $300,000 residential gas and $1 per month per residential electric meter. Commercial meters will be more. Property Taxes Using the 2010 budget as a model, expenses will grow $87,500 by a little less than 1 % even if we attempt to freeze all costs. This could be about $100,000. A 2% increase in the 2011 property tax levy will generate about $187,500 of new revenue. It is our understanding that State Law, if not changed, will allow 2010 LGA cuts to be used as a special levy in 2011. Crystal's 2010 LGA, in the absence of any state budget deficit, would have been $2,221,185. We now assume it will be $533,663, a difference of $1,687,522. To levy all of that in 2011 would result in a tax increase of 18% over the 2010 tax levy. West Metro Fire & Any savings depend upon the actions of the Board of $??? Rescue District -Directors. The items above provide $479,762 of new revenues or cost savings that can be applied to the LGA cut of $921,403. That leaves $441,641 that must come from reductions in staffing equal to 6.75 full-time equivalent employees. DATE: March 31, 2010 TO: Mayor and City Council FROM: Anne Norris, City Manager Charles Hansen, Finance Director CP SUBJECT: Fire Equipment Certificates of Indebtedness Discussion The West Metro Fire & Rescue District is planning to purchase four fire engines in 2011 and two rescue trucks in 2015. The City of Crystal established the Fire Equipment Revolving Fund (FERF) as a capital fund several years ago and has been making annual transfers to it. It was planned that the FERF would have enough money in it to pay for Crystal's share of the fire engines in 2011. Discussion Recent analysis shows that the FERF will be short of the money needed for the fire engines in 2011 and short again for the rescue trucks in 2105. Proposals by the State of Minnesota to cut Local Government Aid (LGA) means that it will not only be difficult to make up the shortfalls in the FERF balance, but also to continue the current transfer from the General Fund to the FERF. An alternative that will ensure funding for the fire equipment and also provide some relief to the LGA cuts is to adopt the practice of issuing certificates of indebtedness to pay for fire equipment purchases. These function like a bond issue but are of shorter duration and smaller in amount. Financing Plans Attachment A is the current plan from the Adopted 2010 Budget. The funding shortfalls are represented by sales of certificates of indebtedness of $180,000 in 2011 and $120,000 in 2015. It isn't efficient to issue debt in amounts this small. We had hoped to be able to transfer in surplus money from another fund instead. Attachment B is the alternative plan. Transfers from the General Fund end after 2009 and are replaced by sales of certificates of indebtedness of $500,000 in 2011 and $500,000 in 2015. About $750,000 of the FERF balance is used for the purchase of the four fire engines in 2011 and the remainder is used for the rescue trucks in 2015. Attachment C is the debt service schedule needed to repay the certificates of indebtedness. It projects annual property tax levies beginning with $63,000 to be collected in 2012 for the certificates issued in 2011 and growing to $129,360 in 2016 after the second set of certificates are issued in 2015. Conclusion The tax levy to repay the certificates jumps to a level in 2016 that is even higher than the transfer from the General Fund. However, the current level of the General Fund transfer isn't meeting the FERF's needs whereas the certificates of indebtedness would meet the need. A property tax levy for the certificates will also be outside of levy limits if the State chooses to continue levy limits beyond 2011. 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O rn W COD HO �L a u U [� b U m b o b CA CA GrA bA w b +� 'Ct CCi rn v 0 Attachment C Fire Equipment Certificates of Indebtedness Debt Service Schedule Issue Date 08/01/11 Amount $500,000 Tax Levy Term 10 years Interest Rate 4.0% with 2nd $500,000 Tax Levy Tax Levy Certificate Date Principal Interest Total Balance Year Coll Amount in 2016 08/01/12 20,000 20,000 500,000 2012 63,000 02/01/13 30,000 10,000 40,000 470,000 08/01/13 9,400 9,400 470,000 2013 66,990 02/01/14 45,000 9,400 54,400 425,000 08/01/14 8,500 8,500 425,000 2014 65,100 02/01/15 45,000 8,500 53,500 380,000 08/01/15 7,600 7,600 380,000 2015 68,460 02/01/16 50,000 7,600 57,600 330,000 08/01/16 6,600 6,600 330,000 2016 66,360 129,360 02/01/17 50,000 6,600 56,600 280,000 08/01/17 5,600 5,600 280,000 2017 64,260 131,250 02/01/18 50,000 5,600 55,600 230,000 08/01/18 4,600 4,600 230,000 2018 67,410 132,510 02/01/19 55,000 4,600 59,600 175,000 08/01/19 3,500 3,500 175,000 2019 65,100 133,560 02/01/20 55,000 3,500 58,500 120,000 08/01/20 2,400 2,400 120,000 2020 68,040 134,400 02/01/21 60,000 2,400 62,400 60,000 08/01/21 1,200 1,200 60,000 2021 65,520 129,780 02/01/22 60,000 1,200 61,200 0 2022 67,410 2023 65,100 2024 68,040 2025 65,520 G:\Charlie\Budget\2010 Budget revisiteffire Certificates Debt ServiceAs 3/30/2010 5:23 PM