HomeMy WebLinkAbout2008/05/27 - ADMIN - Agenda Packets - City Council - Study SessionAGENDA
CITY COUNCIL STUDY SESSION
COUNCIL CHAMBERS
6:30 P.M.
TUESDAY, MAY 27, 2008
Councilmember Sanger Absent.
Discussion Items
1. 6:30 p.m. Future Study Session Agenda Planning – June 2, 2008 and June 9, 2008
2. 6:35 p.m. Financial Management Plan and Planning for 2009 Budget Update
3. 8:05 p.m. Hwy 7 and Wooddale Avenue Grade Separated Crossing Schedule and
Financing / STEP Lease
4. 9:05 p.m. Communications (Verbal)
Written Reports
5. April 2008 Monthly Financial Reports
6. Fire Station Site Acquisition Process Update
9:15 p.m. Adjourn
Auxiliary aids for individuals with disabilities are available upon request. To make arrangements, please call
the Administration Department at 952/924-2525 (TDD 952/924-2518) at least 96 hours in advance of meeting.
Meeting Date: May 27, 2008
Agenda Item #: 1
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Future Study Session Agenda Planning – June 2, 2008 and June 9, 2008.
RECOMMENDED ACTION:
Council and the City Manager to set the agenda for the special study session planned for Monday,
June 2, 2008 and the regularly scheduled study session on Monday, June 9, 2008.
POLICY CONSIDERATION:
Does the Council agree with the agenda as proposed?
BACKGROUND:
At each study session, approximately five minutes are set aside to discuss the next study session
agenda. For this purpose, attached please find the tentative agenda and proposed discussion items
for the special study session on June 2, 2008 and the regularly scheduled study session on June 9,
2008.
FINANCIAL OR BUDGET CONSIDERATION:
None.
VISION CONSIDERATION:
None.
Attachment: Future Study Session Agenda Planning for June 2 and June 9, 2008
Prepared by: Marcia Honold, Management Assistant
Approved by: Tom Harmening, City Manager
Meeting of May 27, 2008 (Item No. 1) Page 2
Subject: Future Study Session Agenda Planning
Future Study Session Agenda Planning
Tentative Discussion Items
Special Study Session, Monday, June 2, 2008 – 6:30 p.m.
1. Dangerous Dog Ordinance – Police (30 minutes)
Staff is returning to Council with a revised dangerous dog ordinance that addresses issues
raised by Council at the previous study session. Does the draft ordinance meet Council’s
approval? Should Council direct staff to proceed with first and second reading of the
dangerous dog ordinance?
2. Community Open House Concept – Police (30 minutes)
Staff will present the concept of a conducting a Community Open House event in 2009 for
Council’s feedback and discussion. Does the Council wish to direct staff develop a
Community Open House event?
7:30 p.m. end of meeting
Tentative Discussion Items
Study Session, Monday, June 9, 2008 - 6:30 p.m.
1. Future Study Session Agenda Planning – Administrative Services (5 minutes)
2. 2007 Consolidated Annual Financial Report (CAFR)/Audit – Finance (45minutes)
Steve McDonald, from Abdo Eick & Meyers, LLP (the City’s auditor), will discuss the audit,
management report, and financial highlights with the City Council.
3. Al’s TIF Application – Community Development (45minutes)
Staff will discuss an application for Tax Increment Financing (TIF) for redevelopment of the
Al’s Bar site. Does the Council wish to provide TIF for this redevelopment proposal?
4. Highway 100 Reconstruction Update – Public Works/Community Development (45 minutes)
Staff will provide the Council with an update on the reconstruction of Highway 100 providing
traffic modeling results associated with possible highway / street network options.
5. Communications – Administrative Services (10 minutes)
Time for communications between staff and Council will be set aside on every study session
for the purposes of information sharing.
Reports
Sales Tax Report - Finance
9:00 p.m. End of Meeting
Meeting Date: May 27, 2008
Agenda Item #: 2
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Financial Management Plan and Planning for 2009 Budget Update.
RECOMMENDED ACTION:
This report is to let the City Council review the current status of the long-range financial plan and
provide staff with direction regarding the 2009 Budget and CIP. This document is designed to assist
the City Council in understanding the City’s long term financial outlook along with related
challenges and opportunities. It will also assist in prioritizing program expenditures and providing
direction to staff in preparation of the 2009 budget.
POLICY CONSIDERATION:
• Does the Council have thoughts or concerns regarding the long range financial plan
information provided?
• Does the Council have any specific direction to give to staff prior to the preparation of the
2009 budget?
• Should staff pursue any of the school districts proposed budget requests?
EXECUTIVE SUMMARY:
Long Range Financial Management Plan
This document is a snapshot of the City’s financial picture as it exists now. Since our last discussion
on long range financial planning at the Council retreat in February, staff has made substantial
progress in smoothing the change in expenditures and property tax levies to minimize year to year
variations. Staff intends to use the plan to assist with budget and CIP preparation for 2009-2013.
In order to put the attached documents together, we needed to take a snapshot on our financial
picture based on our current status (2008 budget). Please remember, we expect these conditions will
change as we move along in planning and creation of the 2009 and future budgets. Listed below are
the conditions or assumptions used to put together the snapshot:
• Staffing and Programs: No new staff or programs were included in these worksheets – the
documents show the current staffing and program levels based on the 2008 budget. Long
terms this is not a likely scenario. However, in the future the plan will allow us to
understand the meaning/impacts of potential increased staffing or program needs.
• 3% general increase applied to all years: All program revenues, expenditures, and taxable
property values are presumed to increase at 3%. This may understate some expenditure areas
and overestimate revenues and property value growth.
Meeting of May 27, 2008 (Item No. 2) Page 2
Subject: Financial Management Plan and Planning for 2009 Budget Update
• Fund balance: Staff recommends setting 40% as the appropriate level of fund balance in
most funds to handle annual variation in project costs. (This follows guidelines by the office
of the state auditor which recommends setting fund balance between 30 – 50%.)
• Capital funds combined: In order to get a better picture of our capital expenses, we
combined the Equipment Replacement, Technology Replacement, and Municipal Building
funds into a Capital Replacement fund. This allows a more general look at capital
expenditures rather than very specific equipment types. The overall finding from this
planning process is that additional funding will be needed to support these capital needs
• Fire Stations: This document shows funding needed for fire stations and other municipal
buildings affected by this construction.
• Transportation/Infrastructure: Funding for new projects, including the Hwy 7/Wooddale
and Hwy 7/Louisinana projects, Hwy 100 reconstruction, sidewalk and trail improvements
and other significant infrastructure improvements are not currently included in the plan.
Funding for these projects may eat into the available fund balances or will require additional
debt service payments if bonds are used. Some of the more significant challenges the city
will face in the future relate to funding important infrastructure needs.
2009 Budget Preparation
As we move ahead and plan for 2009 budget and beyond, we expect budget requests in the areas of:
• Fuel or energy costs
• Employee benefit costs (health care)
• Graffiti program costs
• Staffing or program changes
• Vision related programs, projects or capital initiatives
• Requests for funding from the St. Louis Park School District
Staff is reviewing the omnibus tax bill to determine if levy limits will preclude anything in the plan
from being accomplished during the next three years.
This document will be updated when the final audited figures for 2007 are available.
Attached is a preliminary schedule of the budget process for 2009.
Summary
The city should be able to fund currently existing programs and some of the known capital projects
over the next ten years. This will require tax levy increases that only modestly exceed the rate of
inflation, while allowing us to maintain our existing fund balance levels. As the City Council
chooses to look at adding new programs, this plan shows where available resources exist and will
show the impact on any additional property tax needs. This framework allows the city to plan for
changes in city operations, make financial policy decisions, and react to legislative mandates. Some
of the largest challenges the city faces is in the area of funding infrastructure needs, particularly
transportation infrastructure. Much work still remains on figuring this out. However, on the whole
and compared to other communities, the city is financially well situated to meet future challenges.
Meeting of May 27, 2008 (Item No. 2) Page 3
Subject: Financial Management Plan and Planning for 2009 Budget Update
FINANCIAL OR BUDGET CONSIDERATION
These documents are to assist in 2009 budget preparation and future financial planning.
VISION CONSIDERATION:
Not applicable.
Attachments: Programs Subsidizing General Fund Listing
Financial Management Plan Summary and Fund Spreadsheets
Letters from School District
Preliminary Budget Calendar
Prepared by: Bruce DeJong, Finance Director
Approved by: Tom Harmening, City Manager
Funds that subsidize the General Fund in 2008
(Not Including Enterprise Funds)
Fund
2008 Amount 2016 Amount Year Eliminated
Cable TV 155,000 196,429 N/A
Housing Rehab 88,000 111,476 N/A
Police & Fire Pension 334,000 0 2015
Total 577,000 307,905
Meeting of May 27, 2008 (Item No. 2)
Subject: Financial Management Plan and Planning for 2009 Budget Update Page 4
5/22/20081City of St. Louis ParkFinancial Management PlanFund Balance SummaryUpdated May, 200812/31/2006 12/31/2016Fund NameAvailable Cash CashGeneral Fund 8,740,093 11,795,156 Park & Recreation502,402 506,523 Police & Fire Pension6,599,310 3,615,419 Cable Television1,504,805 317,858 Community Dev. (CDBG)Special Service DistrictsHousing Rehab2,487,080 (142,783) Debt Service FundsPerm Impr Revolving8,285,222 12,483,679 Development Fund25,378,890 26,899,168 Tax Increment FundsMunicipal Building 545,361 214,918 Park Improvement336,406 2,426,660 Pavement Management1,616,660 772,578 MSC250,000 - Tech Replacement1,228,005 (804,732) Equipment Replacement2,836,159 1,598,702 Empl Benefits/Flex(383,192) 250,174 Uninsured Loss1,042,023 1,611,750 Subtotal - Tax Supported60,969,224 61,545,073 Water Utility867,635 Sewer Utility2,832,423 Solid Waste2,018,712 Storm Water609,679 Total Available67,297,673 61,545,073 Required Tax Rate33.500%34.000%34.500%35.000%35.500%36.000%36.500%37.000%37.500%38.000%38.500%2007200820092010201120122013201420152016YearTax Capacity RateTax RateMeeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 5
5/22/20082City of St. Louis ParkFinancial Management PlanTax Levy SummaryUpdated May, 20082006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016Existing Property Tax SupportGeneral Fund12,067,368 13,170,348 14,107,179 14,530,394 14,966,306 15,415,295 15,877,754 16,354,087 16,844,709 17,350,051 17,870,552 Park & Recreation2,841,956 3,540,854 3,750,197 3,862,703 3,978,584 4,097,942 4,220,880 4,347,506 4,477,931 4,612,269 4,750,637 Pavement Management Levy 415,000 415,000 415,000 415,000 415,000 415,000 415,000 415,000 415,000 415,000 415,000 Park Improvement Levy1,010,064 1,010,064 1,010,064 1,010,064 1,010,064 1,010,064 1,010,064 1,010,064 1,010,064 1,010,064 1,010,064 Total Existing Levies 16,334,388 18,136,266 19,282,440 19,818,161 20,369,954 20,938,301 21,523,698 22,126,657 22,747,705 23,387,384 24,046,254 New Property Tax LeviesGen Fund New Tax72,410 135,420 200,321 267,168 336,021 406,939 429,985 453,722 Park & Rec New Tax8,802 36,169 63,442 65,953 68,540 71,204 73,947 76,774 Cable TV New Tax- - - - - 15,000 40,000 65,000 Pavement Mgmt New Tax- - 40,000 110,000 180,000 250,000 320,000 390,000 MBF New Tax120,000 120,000 160,000 200,000 200,000 200,000 200,000 Tech Replacement110,000 220,000 220,000 440,000 440,000 440,000 440,000 440,000 Employee Flex Fund75,000 400,000 225,000 300,000 375,000 450,000 525,000 600,000 Debt Service Levies1,110,200 1,341,800 1,337,300 1,347,000 2,070,378 2,072,663 2,076,613 2,087,153 2,091,985 2,098,965 2,091,665 Total Tax Levy Required17,444,588 19,478,066 20,619,740 21,431,373 23,351,921 23,879,727 24,943,432 25,813,371 26,672,833 27,515,281 28,363,415 Market Value Homestead Credit 800,000 800,000 776,000 752,720 730,138 708,234 686,987 666,378 646,386 626,995 608,185 Net Levy16,644,588 18,678,066 19,843,740 20,678,653 22,621,783 23,171,493 24,256,445 25,146,993 26,026,447 26,888,286 27,755,230 Percent Increase6.24% 4.21% 9.40% 2.43% 4.68% 3.67% 3.50% 3.31% 3.22%Tax Base (Tax Capacity)56,737,869 62,912,413 64,799,785 66,743,779 68,746,092 70,808,475 72,932,729 75,120,711 77,374,333 79,695,563 82,086,429 Less TIF Captured Tax Capacity (5,096,833) (6,400,000) (6,592,000) (6,789,760) (4,598,576) (4,736,533) (4,103,902) (4,227,019) (4,353,830) (4,484,445) (4,618,978) Comm/Ind Residential Decertified TIF Net of Fiscal Disparities1,436,926 464,836 220,162 Fiscal Disparities(3,150,000) (3,244,500) (3,341,835) (3,442,090) (3,545,353) (3,651,713) (3,761,265) (3,874,103) (3,990,326) (4,110,036) (4,233,337) Total Tax Base48,491,036 53,267,913 54,865,950 56,511,929 62,039,090 62,420,229 65,532,399 67,019,589 69,250,339 71,101,082 73,234,115 Meeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 6
5/22/20083City of St. Louis ParkFinancial Management PlanUpdated May, 2008General Fund - All operations of the city not restricted by legal authority or good accounting practiceRevenue Inflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016ActualAdoptedAdopted Projected Projected Projected Projected Projected Projected Projected ProjectedRevenues:Property Taxes12,067,368 13,170,348 14,107,179 14,530,394 14,966,306 15,415,295 15,877,754 16,354,087 16,844,709 17,350,051 17,870,552 New Prop Tax Required72,410 135,420 200,321 267,168 336,021 406,939 429,985 453,722 Licenses and Permits2,926,785 2,636,500 2,712,715 2,794,096 2,877,919 2,964,257 3,053,185 3,144,780 3,239,124 3,336,297 3,436,386 Intergovernmental2,558,652 1,628,804 1,709,365 1,760,646 1,813,465 1,867,869 1,923,905 1,981,623 2,041,071 2,102,303 2,165,372 Charges for Services1,035,008 1,045,829 1,084,975 1,167,524 1,202,550 1,238,626 1,275,785 1,314,059 1,353,481 1,394,085 1,435,908 Fines, Forfeits, and Penalties323,914 309,600 311,000 320,330 329,940 339,838 350,033 360,534 371,350 382,491 393,965 Investment Earnings303,165 301,099 325,000 378,295 389,658 401,361 413,412 425,824 438,609 451,769 465,324 Miscellaneous Revenue131,857 119,400 102,000 105,060 108,212 111,458 114,802 118,246 121,793 125,447 129,211 Transfers In2,609,819 2,654,836 2,555,694 2,582,365 2,609,836 2,638,131 2,667,275 2,697,293 2,728,212 2,810,058 2,894,360 Total Revenues21,956,568 21,866,416 22,907,928 23,711,121 24,433,306 25,177,158 25,943,320 26,732,467 27,545,288 28,382,486 29,244,800 Personal Services Inflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Expenditure Inflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Department, Division2006 2007 2008 20092010201120122013201420152016and Activity ExpendituresActualAdoptedAdopted Projected Projected Projected Projected Projected Projected Projected ProjectedGeneral Government:Administration/LegislativePersonal Services499,557 507,732 511,251 526,589 542,386 558,658 575,418 592,680 610,460 628,774 647,637 Supplies3,972 3,950 4,350 4,481 4,615 4,753 4,896 5,043 5,194 5,350 5,510 Services & Other Charges377,227 471,249 518,727 534,289 550,317 566,827 583,832 601,347 619,387 637,969 657,108 Total Admin880,756 982,931 1,034,328 1,065,358 1,097,319 1,130,238 1,164,145 1,199,070 1,235,042 1,272,093 1,310,256 Communications & MarketingPersonal Services84,212 99,061 173,932 179,150 184,524 190,060 195,762 201,635 207,684 213,914 220,332 Supplies774 - - - - - - - - - Services & Other Charges189,778 119,690 113,850 117,266 120,783 124,407 128,139 131,983 135,943 140,021 144,222 Total Comm274,764 218,751 287,782 296,415 305,308 314,467 323,901 333,618 343,627 353,936 364,554 Meeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 7
5/22/200842006 2007 2008 20092010201120122013201420152016ActualAdoptedAdopted Projected Projected Projected Projected Projected Projected Projected ProjectedCommunity OutreachPersonal Services- 71,292 73,127 75,321 77,580 79,908 82,305 84,774 87,317 89,937 92,635 Supplies- 1,100 1,100 1,133 1,167 1,202 1,238 1,275 1,313 1,353 1,393 Services & Other Charges- 44,005 9,756 10,049 10,350 10,661 10,980 11,310 11,649 11,999 12,359 Total Outreach- 116,397 83,983 86,502 89,098 91,770 94,524 97,359 100,280 103,288 106,387 Human ResourcesPersonal Services426,982 433,712 459,623 473,412 487,614 502,242 517,310 532,829 548,814 565,278 582,237 Supplies1,517 2,000 2,000 2,060 2,122 2,185 2,251 2,319 2,388 2,460 2,534 Services & Other Charges129,363 132,660 168,050 173,092 178,284 183,633 189,142 194,816 200,660 206,680 212,881 Total HR557,862 568,372 629,673 648,563 668,020 688,061 708,703 729,964 751,862 774,418 797,651 Information ResourcesPersonal Services523,932 613,993 566,679 583,679 601,190 619,225 637,802 656,936 676,644 696,944 717,852 Supplies31,339 29,700 33,500 34,505 35,540 36,606 37,705 38,836 40,001 41,201 42,437 Services & Other Charges837,382 846,483 860,660 886,480 913,074 940,466 968,680 997,741 1,027,673 1,058,503 1,090,258 Total IR1,392,653 1,490,176 1,460,839 1,504,664 1,549,804 1,596,298 1,644,187 1,693,513 1,744,318 1,796,648 1,850,547 FinancePersonal Services515,646 531,128 506,254 521,442 537,085 553,197 569,793 586,887 604,494 622,629 641,307 Supplies2,500 2,600 2,800 2,884 2,971 3,060 3,151 3,246 3,343 3,444 3,547 Services & Other Charges152,804 136,632 153,016 157,606 162,335 167,205 172,221 177,387 182,709 188,190 193,836 Other Expense450 450 450 Total Finance671,400 670,810 662,520 681,932 702,390 723,462 745,166 767,521 790,546 814,263 838,690 AssessingPersonal Services355,975 367,542 445,154 458,509 472,264 486,432 501,025 516,055 531,537 547,483 563,908 Supplies1,600 1,000 1,200 1,236 1,273 1,311 1,351 1,391 1,433 1,476 1,520 Services & Other Charges15,576 14,130 14,340 14,770 15,213 15,670 16,140 16,624 17,123 17,636 18,165 Total Assessing373,151 382,672 460,694 474,515 488,750 503,413 518,515 534,071 550,093 566,596 583,593 Community DevelopmentPersonal Services912,977 968,204 1,019,147 1,049,721 1,081,213 1,113,649 1,147,059 1,181,471 1,216,915 1,253,422 1,291,025 Supplies1,511 4,000 4,000 4,120 4,244 4,371 4,502 4,637 4,776 4,919 5,067 Services & Other Charges37,802 52,750 57,750 59,483 61,267 63,105 64,998 66,948 68,957 71,025 73,156 Total CD952,290 1,024,954 1,080,897 1,113,324 1,146,724 1,181,125 1,216,559 1,253,056 1,290,648 1,329,367 1,369,248 Facilities MaintenancePersonal Services454,553 484,355 510,783 526,106 541,890 558,146 574,891 592,137 609,902 628,199 647,045 Supplies106,683 140,500 140,500 144,715 149,056 153,528 158,134 162,878 167,764 172,797 177,981 Services & Other Charges316,246 539,512 536,642 552,741 569,323 586,403 603,995 622,115 640,779 660,002 679,802 Total Facilities877,482 1,164,367 1,187,925 1,223,563 1,260,270 1,298,078 1,337,020 1,377,131 1,418,445 1,460,998 1,504,828 Total General Government5,980,358 6,619,430 6,888,641 7,094,837 7,307,682 7,526,912 7,752,720 7,985,301 8,224,860 8,471,606 8,725,754 Meeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 8
5/22/200852006 2007 2008 20092010201120122013201420152016ActualAdoptedAdopted Projected Projected Projected Projected Projected Projected Projected ProjectedPublic Safety:PolicePersonal Services5,543,242 5,965,983 6,185,321 6,370,881 6,562,007 6,758,867 6,961,633 7,170,482 7,385,597 7,607,165 7,835,380 Supplies99,111 170,050 188,850 194,516 200,351 206,361 212,552 218,929 225,497 232,262 239,230 Services & Other Charges587,779 540,073 552,343 568,913 585,981 603,560 621,667 640,317 659,526 679,312 699,692 Other Expense- 500 600 Total Police6,230,132 6,676,606 6,927,114 7,134,309 7,348,339 7,568,789 7,795,853 8,029,728 8,270,620 8,518,739 8,774,301 Fire ProtectionPersonal Services2,425,989 2,494,897 2,712,380 2,793,751 2,877,564 2,963,891 3,052,808 3,144,392 3,238,724 3,335,885 3,435,962 Supplies57,200 62,098 93,648 96,457 99,351 102,332 105,402 108,564 111,821 115,175 118,630 Services & Other Charges384,154 199,527 223,092 279,785 288,178 296,824 305,728 314,900 324,347 334,078 344,100 Total Fire2,867,343 2,756,522 3,029,120 3,169,994 3,265,093 3,363,046 3,463,938 3,567,856 3,674,891 3,785,138 3,898,692 Inspectional ServicesPersonal Services1,587,514 1,703,179 1,771,746 1,824,898 1,879,645 1,936,035 1,994,116 2,053,939 2,115,557 2,179,024 2,244,395 Supplies9,433 12,500 11,500 11,845 12,200 12,566 12,943 13,332 13,732 14,144 14,568 Services & Other Charges122,301 77,627 69,627 71,716 73,867 76,083 78,366 80,717 83,138 85,632 88,201 Total Inspection1,719,248 1,793,306 1,852,873 1,908,459 1,965,713 2,024,684 2,085,425 2,147,988 2,212,427 2,278,800 2,347,164 Total Public Safety10,816,723 11,226,434 11,809,107 12,212,762 12,579,145 12,956,519 13,345,215 13,745,571 14,157,939 14,582,677 15,020,157 Public Works:Public Works AdministrationPersonal Services748,144 766,937 793,133 816,927 841,435 866,678 892,678 919,459 947,042 975,454 1,004,717 Supplies3,287 7,000 6,000 6,180 6,365 6,556 6,753 6,956 7,164 7,379 7,601 Services & Other Charges39,357 25,650 33,450 34,454 35,487 36,552 37,648 38,778 39,941 41,139 42,373 Total PW Admin790,788 799,587 832,583 857,560 883,287 909,786 937,080 965,192 994,148 1,023,972 1,054,691 EngineeringPersonal Services645,882 660,469 690,511 711,226 732,563 754,540 777,176 800,492 824,506 849,241 874,719 Supplies4,023 8,400 9,000 9,270 9,548 9,835 10,130 10,433 10,746 11,069 11,401 Services & Other Charges75,889 76,433 85,671 88,241 90,888 93,615 96,423 99,316 102,296 105,365 108,525 Total Engineering725,794 745,302 785,182 808,737 833,000 857,990 883,729 910,241 937,548 965,675 994,645 OperationsPersonal Services1,077,174 1,189,580 1,219,517 1,256,103 1,293,786 1,332,599 1,372,577 1,413,754 1,456,167 1,499,852 1,544,848 Supplies292,365 305,500 331,000 340,930 351,158 361,693 372,543 383,720 395,231 407,088 419,301 Services & Other Charges1,038,860 800,583 861,898 887,755 914,388 941,819 970,074 999,176 1,029,151 1,060,026 1,091,827 Total Operations2,408,399 2,295,663 2,412,415 2,484,787 2,559,331 2,636,111 2,715,194 2,796,650 2,880,550 2,966,966 3,055,975 Total Public Works3,924,981 3,840,552 4,030,180 4,151,085 4,275,618 4,403,887 4,536,003 4,672,083 4,812,246 4,956,613 5,105,311 Meeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 9
5/22/200862006 2007 2008 20092010201120122013201420152016ActualAdoptedAdopted Projected Projected Projected Projected Projected Projected Projected ProjectedNon-Departmental:General Services/Contingency22,484 180,000 180,000 184,743 191,165 197,770 204,318 211,062 218,008 224,663 231,517 Transfer Out- - Total Non-Departmental22,484 180,000 180,000 184,743 191,165 197,770 204,318 211,062 218,008 224,663 231,517 Total General Fund Expenditures20,744,546 21,866,416 22,907,928 23,643,427 24,353,610 25,085,088 25,838,255 26,614,017 27,413,052 28,235,558 29,082,740 Revenue Over (Under) Expenditures1,212,022 - - 67,693 79,696 92,069 105,064 118,449 132,236 146,928 162,061 Fund Balance BOY8,740,093 9,952,115 9,952,115 9,457,371 9,741,444 10,034,035 10,335,302 10,645,607 10,965,221 11,294,223 11,633,096 Required Surplus(494,744) 216,380 212,895 209,197 205,241 201,165 196,767 191,945 Fund Balance EOY9,952,115 9,952,115 9,457,371 9,741,444 10,034,035 10,335,302 10,645,607 10,965,221 11,294,223 11,633,096 11,795,156 Fund Balance as a Percent of Expenditu45.51% 43.44% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%Meeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 10
5/22/20087City of St. Louis ParkFinancial Management PlanUpdated May, 2008Park & Recreation Fund - responsible for parks, park and vehicle maintenance, recreational facilities, organized sports, children's activities, and forestryRevenue Inflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016ActualAdoptedAdopted Projected Projected Projected Projected Projected Projected Projected ProjectedRevenues:Property Taxes2,841,956 3,540,854 3,750,197 3,862,703 3,978,584 4,097,942 4,220,880 4,347,506 4,477,931 4,612,269 4,750,637 New Prop Tax Required8,802 36,169 63,442 65,953 68,540 71,204 73,947 76,774 Licenses and Permits7,485 - - - - - - - Intergovernmental81,511 56,402 56,402 58,094 59,837 61,632 63,481 65,385 67,347 69,367 71,448 Charges for Services1,185,407 1,077,220 1,058,170 1,089,915 1,122,613 1,156,291 1,190,980 1,226,709 1,263,510 1,301,416 1,340,458 Rent Revenue681,428 807,061 820,061 844,663 870,003 896,103 922,986 950,675 979,196 1,008,572 1,038,829 Investment Earnings1,583 8,000 1,600 23,096 21,216 20,261 20,261 20,261 20,261 20,261 20,261 Miscellaneous Revenue- 18,600 14,100 14,523 14,959 15,407 15,870 16,346 16,836 17,341 17,861 Transfers In- 250,000 - - - - - - Total Revenues4,799,370 5,758,137 5,700,530 5,901,796 6,103,380 6,311,078 6,500,410 6,695,423 6,896,285 7,103,173 7,316,269 Personal Services Inflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Expenditure Inflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Department, Division2006 2007 2008 20092010201120122013201420152016and Activity ExpendituresActualAdoptedAdopted Projected Projected Projected Projected Projected Projected Projected ProjectedPark & Recreation:Organized RecreationPersonal Services665,203 685,781 711,222 732,559 754,535 777,171 800,487 824,501 849,236 874,713 900,955 Supplies68,832 69,832 66,892 68,899 70,966 73,095 75,288 77,546 79,873 82,269 84,737 Services & Other Charges464,941 467,741 472,585 486,763 501,365 516,406 531,899 547,856 564,291 581,220 598,657 Total Org Rec1,198,976 1,223,354 1,250,699 1,288,220 1,326,867 1,366,673 1,407,673 1,449,903 1,493,400 1,538,202 1,584,348 Recreation CenterPersonal Services696,951 735,942 765,998 788,978 812,647 837,027 862,137 888,002 914,642 942,081 970,343 Supplies160,300 160,300 167,100 172,113 177,276 182,595 188,073 193,715 199,526 205,512 211,677 Services & Other Charges450,023 411,358 413,284 425,683 438,453 451,607 465,155 479,109 493,483 508,287 523,536 Capital Outlay10,000 12,000 12,000 12,360 12,731 13,113 13,506 13,911 14,329 14,758 15,201 Total Rec Ctr1,317,274 1,319,600 1,358,382 1,399,133 1,441,107 1,484,341 1,528,871 1,574,737 1,621,979 1,670,639 1,720,758 Park MaintenanceMeeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 11
5/22/200882006 2007 2008 20092010201120122013201420152016ActualAdoptedAdopted Projected Projected Projected Projected Projected Projected Projected ProjectedPersonal Services899,423 933,625 961,357 990,198 1,019,904 1,050,501 1,082,016 1,114,476 1,147,911 1,182,348 1,217,818 Supplies92,700 92,700 92,700 95,481 98,345 101,296 104,335 107,465 110,689 114,009 117,430 Services & Other Charges611,632 300,055 316,462 325,956 335,735 345,807 356,181 366,866 377,872 389,208 400,885 Capital Outlay4,500 7,000 7,000 7,210 7,426 7,649 7,879 8,115 8,358 8,609 8,867 Total Park Maint1,608,255 1,333,380 1,377,519 1,418,845 1,461,410 1,505,252 1,550,410 1,596,922 1,644,830 1,694,175 1,745,000 WestwoodPersonal Services364,210 394,253 404,678 416,818 429,323 442,203 455,469 469,133 483,207 497,703 512,634 Supplies22,300 22,300 22,650 23,330 24,029 24,750 25,493 26,258 27,045 27,857 28,692 Services & Other Charges38,877 35,532 39,349 40,529 41,745 42,998 44,288 45,616 46,985 48,394 49,846 Total Westwood425,387 452,085 466,677 480,677 495,098 509,951 525,249 541,007 557,237 573,954 591,172 Environment425,387 Personal Services93,558 96,663 99,297 102,276 105,344 108,505 111,760 115,112 118,566 122,123 125,786 Supplies14,500 14,100 18,400 18,952 19,521 20,106 20,709 21,331 21,971 22,630 23,309 Services & Other Charges393,913 165,835 171,285 176,424 181,716 187,168 192,783 198,566 204,523 210,659 216,979 Total Environment501,971 276,598 288,982 297,651 306,581 315,778 325,252 335,009 345,060 355,411 366,074 Vehicle MaintenancePersonal Services- 440,064 461,301 475,140 489,394 504,076 519,198 534,774 550,818 567,342 584,362 Supplies- 414,100 432,050 445,012 458,362 472,113 486,276 500,864 515,890 531,367 547,308 Services & Other Charges- 140,210 130,939 134,867 138,913 143,081 147,373 151,794 156,348 161,038 165,870 Capital Outlay- 8,746 8,981 9,250 9,528 9,814 10,108 10,411 10,724 11,045 11,377 Total Vehicle Maint- 1,003,120 1,033,271 1,064,269 1,096,197 1,129,083 1,162,956 1,197,844 1,233,780 1,270,793 1,308,917 Total Park & Recreation5,051,863 5,608,137 5,775,530 5,948,796 6,127,260 6,311,078 6,500,410 6,695,422 6,896,285 7,103,173 7,316,269 Incr/(Decr) in Fund Balance(252,493) 150,000 (75,000) (47,000) (23,880) 0 (0) 0 0 (0) 0 Fund Balance BOY754,895 502,402 652,402 577,402 530,402 506,522 506,522 506,522 506,523 506,523 506,523 Fund Balance EOY502,402 652,402 577,402 530,402 506,522 506,522 506,522 506,523 506,523 506,523 506,523 Meeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 12
5/22/20089City of St. Louis ParkFinancial Management PlanUpdated May, 2008Cable TV Fund - Produces and broadcasts local origination programming for cable channels 5, 17 & 96Revenue Inflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016RevenuesActualAdoptedAdopted Projected Projected Projected Projected Projected Projected Projected ProjectedCharges For Services477,344 440,000 500,000 515,000 530,450 546,364 562,754 579,637 597,026 614,937 633,385 New Prop Tax Required- 15,000 40,000 65,000 Transfers In- - - - - - - - - - - Interest Income48,128 18,000 48,300 46,606 38,082 37,086 27,914 21,836 17,770 13,994 14,914 Miscellaneous800,102 - - - 200,000 - - - 100,000 Total Revenues1,325,574$ 458,000$ 548,300$ 561,606$ 768,532$ 583,449$ 590,669$ 601,473$ 629,797$ 768,931$ 713,300$ Personal Services Inflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Expenditure Inflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%2006 2007 2008 20092010201120122013201420152016ExpendituresActualAdoptedAdopted Projected Projected Projected Projected Projected Projected Projected ProjectedPersonal Services 156,150 291,736 328,660 338,520 348,675 359,136 369,910 381,007 392,437 404,210 416,337 Supplies14,224 18,000 17,000 17,510 18,035 18,576 19,134 19,708 20,299 20,908 21,535 Services & Other Charges56,732 91,400 105,783 108,956 112,225 115,592 119,060 122,631 126,310 130,100 134,003 Capital Outlay36,461 140,200 40,000 150,000 150,000 150,000 60,000 - - - - Transfers Out161,041 158,109 155,063 159,715 164,506 169,442 174,525 179,761 185,153 190,708 196,429 Other Expenses- - - - - - - - - - - Total Expenses424,608 699,445 646,506 774,701 793,442 812,745 742,628 703,107 724,200 745,926 768,304 Incr/(Decr) in Fund Balance900,966 (241,445) (98,206) (213,095) (24,910) (229,296) (151,959) (101,634) (94,403) 23,005 (55,004) Fund Balance BOY603,839 1,504,805 1,263,360 1,165,154 952,059 927,149 697,853 545,894 444,260 349,857 372,862 Fund Balance EOY1,504,805 1,263,360 1,165,154 952,059 927,149 697,853 545,894 444,260 349,857 372,862 317,858 Percent of Fund Balance215.14% 195.41% 150.40% 119.99% 114.08% 93.97% 77.64% 61.34% 46.90% 48.53% 40.17%Meeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 13
5/22/200810City of St. Louis ParkFinancial Management PlanUpdated May, 2008Police & Fire Pension Fund - The overfunded portion of these pension accounts can only be used for non-benefit related police or fire purposesInflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%2006 2007 2008 20092010201120122013201420152016ActualAdoptedAdopted Projected Projected Projected Projected Projected Projected Projected ProjectedRevenuesGrants/GV Share(44,123) - - - - - - - - - - Investment Earnings317,779 150,000 250,000 254,612 251,252 130,077 130,767 128,610 128,481 130,265 134,044 Other MiscellanousTotal Revenues273,656 150,000 250,000 254,612 251,252 130,077 130,767 128,610 128,481 130,265 134,044 ExpendituresCapital Outlay3,000,000 Non-Capital Equipment64,958 - - - - - - - - - - Services & Other Charges178,937 - - - - - - - - - - Transfers384,000 384,000 334,000 284,000 234,000 184,000 134,000 84,000 34,000 - - Total Expenditures627,895 384,000 334,000 3,284,000 234,000 184,000 134,000 84,000 34,000 - - Incr/(Decr) in Fund Balance(354,239) (234,000) (84,000) (3,029,388) 17,252 (53,923) (3,233) 44,610 94,481 130,265 134,044 Fund Balance BOY6,953,549 6,599,310 6,365,310 6,281,310 3,251,922 3,269,175 3,215,252 3,212,019 3,256,629 3,351,110 3,481,375 Fund Balance EOY6,599,310 6,365,310 6,281,310 3,251,922 3,269,175 3,215,252 3,212,019 3,256,629 3,351,110 3,481,375 3,615,419 Meeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 14
5/22/200811City of St. Louis ParkFinancial Management PlanUpdated May, 2008Housing Rehabilitation Fund - This fund covers costs for programs related to preventing deterioration of residential propertiesInflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%2006 2007 2008 200920102011201220132014 2015 2016ActualAdoptedAdopted Projected Projected Projected Projected Projected Projected Projected ProjectedRevenuesPILOT Fee 6,086 3,000 1/8 % Bond Fee441,481 461,225 583,539 580,467 577,550 576,192 574,761 573,147 570,967 569,298 568,297 Charges for Services45,970 2,100 Investment Earnings64,921 48,000 60,000 92,352 85,818 79,487 71,781 62,740 52,275 40,295 26,686 Miscellaneous Revenue164,809 - - - - - - - - - Total Revenues723,267 514,325 643,539 672,819 663,368 655,679 646,542 635,887 623,242 609,593 594,983 ExpendituresPersonal Services210,199 215,746 223,902 230,619 237,538 244,664 252,004 259,564 267,351 275,371 283,632 Housing and Rehabilitation*529,192 282,073 400,000 412,000 424,360 437,091 450,204 463,710 477,621 491,950 506,708 Transfers Out201,204 194,790 182,983 188,472 194,127 199,950 205,949 212,127 218,491 225,046 231,797 Total Expenditures940,595 692,609 806,885 831,092 856,024 881,705 908,156 935,401 963,463 992,367 1,022,138 Fund Balance BOY2,704,408 2,487,080 2,308,796 2,145,450 1,987,177 1,794,521 1,568,495 1,306,880 1,007,366 667,146 284,372 Incr/(Decr) in Fund Balance(217,328) (178,284) (163,346) (158,273) (192,656) (226,026) (261,614) (299,514) (340,221) (382,774) (427,155) Fund Balance EOY2,487,080 2,308,796 2,145,450 1,987,177 1,794,521 1,568,495 1,306,880 1,007,366 667,146 284,372 (142,783) Existing Bond Fees464,912 460,204 458,539 455,467 452,550 451,192 449,761 448,147 445,967 444,298 443,297 New Issue - Cancer Center/Orange Lot125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 Meeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 15
5/22/200812City of St. Louis ParkFinancial Management PlanUpdated May, 2008Debt Service Funds - These are the amounts necessary to repay general obligation bondsScheduled Levies2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016RevenueBudget Budget Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated1997(A) GO Tax Increment Bonds1998 GO Tax Increment Refunding Bonds1999(A) GO Improvement Bonds326,500 331,200 329,700 332,900 340,400 2000(A) GO Louisiana Court Bonds- - - - - - - - - - 2001(A) GO Tax Increment Refunding Bonds2002(A) Refunding Tax Increment Bonds2003(A) GO Improvement Bonds513,900 514,400 513,600 517,400 519,400 520,100 524,700 528,100 2004(A) GO Tax Increment Refunding Bonds (Rec Center)711,678 716,963 715,013 721,453 726,185 734,765 741,665 2005(A) General Obligation Bonds (Construction Projects)269,800 496,200 494,000 496,700 498,900 495,200 496,500 497,200 497,300 495,700 2005(B) GO Tax Increment Refunding BondsGO Fire Station Bonds ($14,000,000)- 340,400 340,400 340,400 868,500 868,500 1,350,000 Total Revenues1,110,200 1,341,800 1,337,300 1,347,000 2,070,378 2,072,663 2,076,613 2,087,153 2,091,985 2,098,965 2,091,665 Rec Center bonds are paid off in 2016.Fire Station bonds estimated for 20 years @ 4.5%Meeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 16
5/22/200813City of St. Louis ParkFinancial Management PlanUpdated May, 2008Development Fund - This fund is to be used for infrastructure construction in redevelopment areas (HRA Levy portion) and general City projects (remainder)Revenue Inflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016Actual Budget Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated EstimatedRevenues HRA Levy 604,059 723,000 796,848 780,000 780,000 803,400 827,502 852,327 877,897 904,234 931,361 Intergovernmental 87,499 Charges for Services 159,183 - - - - - - - - - - Interest Income 918,784 1,015,156 972,610 987,580 1,000,801 1,012,826 1,024,493 1,035,760 1,046,587 1,056,929 1,066,739 Misc/Other 254,626 - - - - - - - - - - Total Revenues2,024,151 1,738,156 1,769,458 1,767,580 1,780,801 1,816,226 1,851,995 1,888,087 1,924,484 1,961,163 1,998,099 Expenditures Personal Services 474,033 446,398 459,790 473,584 487,791 502,425 517,498 533,023 549,013 565,484 582,448 Services & Other Charges 885,646 935,408 935,408 963,470 992,374 1,022,146 1,052,810 1,084,394 1,116,926 1,150,434 1,184,947 Total Expenditures 1,359,679 1,381,806 1,395,198 1,437,054 1,480,165 1,524,570 1,570,308 1,617,417 1,665,939 1,715,917 1,767,395 Net Transfers397,380 (1,420,000) Revenues less Expenditures1,061,852 (1,063,650) 374,260 330,526 300,636 291,656 281,687 270,670 258,545 245,245 230,704 Fund Balance - Beginning24,317,038 25,378,890 24,315,240 24,689,499 25,020,025 25,320,661 25,612,317 25,894,004 26,164,674 26,423,219 26,668,464 Fund Balance - Ending25,378,890 24,315,240 24,689,499 25,020,025 25,320,661 25,612,317 25,894,004 26,164,674 26,423,219 26,668,464 26,899,168 Assumptions:Interest earnings calculated at 4%.Net transfer for 2007 is WiFi writeoffMeeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 17
5/22/200814City of St. Louis ParkFinancial Management PlanUpdated May, 2008Permanent Improvement Revolving Fund - This fund pays for the cost of project construction and is repaid through special assessmentsRevenue Inflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%2006 2007 2008 2009 2010 2011 2012 2013 20142015 2016Actual Budget Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated EstimatedRevenues PILOT - 1,226 1,226 1,226 1,226 1,226 1,226 1,226 1,226 1,226 1,226 Special Assessments427,885 430,000 320,000 210,000 - - - - - - - Interest Income 275,902 331,409 375,274 418,617 422,045 432,420 443,012 453,826 464,864 476,128 487,622 Misc/Other 18,768 862,000 924,562 - - - - - - - Total Revenues722,555 1,624,635 1,621,062 629,843 423,271 433,646 444,238 455,052 466,090 477,354 488,848 Expenditures General Government 297,848 Capital Outlay40,106 150,000 154,500 159,135 163,909 168,826 173,891 179,108 184,481 190,016 195,716 Transfers Out374,238 378,000 383,000 385,000 Total Expenditures712,192 528,000 537,500 544,135 163,909 168,826 173,891 179,108 184,481 190,016 195,716 Revenues less Expenditures10,363 1,096,635 1,083,562 85,708 259,362 264,819 270,347 275,944 281,609 287,339 293,132 Fund Balance - Beginning8,274,859 8,285,222 9,381,857 10,465,41910,551,127 10,810,489 11,075,308 11,345,655 11,621,600 11,903,209 12,190,548 Fund Balance - Ending 8,285,222 9,381,857 10,465,41910,551,12710,810,489 11,075,308 11,345,655 11,621,600 11,903,209 12,190,548 12,483,679 Assumptions:Interest earnings calculated at 4%.Assume that all outstanding loans are repaid by 2009.Meeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 18
5/22/200815City of St. Louis ParkFinancial Management PlanUpdated May, 2008Park Improvement Fund - This fund covers capital expenditures for the replacement and improvement of park facilitiesRevenue Inflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%20062007200820092010201120122013201420152016Actual Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated EstimatedRevenues General Property Taxes 1,010,064 1,010,064 1,010,064 1,010,064 1,010,064 1,010,064 1,010,064 1,010,064 1,010,064 1,010,064 1,010,064 Intergovernmental State Grants Market Value Credit (4370)- - - - - - - - - - - School District Contibutions 44,702 44,702 44,702 44,702 44,702 44,702 44,702 44,702 44,702 44,702 44,702 Charges For Services Cost Reimbursement 66,855 Miscellaneous Rent Revenue 7,623 7,623 7,623 7,623 7,623 7,623 7,623 7,623 7,623 7,623 7,623 Refunds & Reimbursements (5330) Transfers In GO Bonds Other Funds Other Revenue Interest Income 59 13,456 14,306 66,875 74,722 76,778 79,837 83,018 86,326 89,767 93,345 Park Dedication Fee 1,251,110 133,000 Tree Replacement Misc/Other - 2,500 - - - - - - - - - Total Revenues1,129,303 1,078,345 2,327,805 1,262,264 1,137,111 1,139,167 1,142,226 1,145,407 1,148,715 1,152,156 1,155,734 Expenditures Capital Outlay Tree Replacement 22,876 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 Parks/Rec Ctr746,365 994,392 950,892 1,003,392 1,023,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 Other Insurance/Taxes 2,700 2,700 2,700 2,700 2,700 2,700 2,700 2,700 2,700 2,700 Transfers OutTotal Expenditures769,241 1,057,092 1,013,592 1,066,092 1,085,700 1,062,700 1,062,700 1,062,700 1,062,700 1,062,700 1,062,700 Revenues less Expenditures360,062 21,253 1,314,213 196,172 51,411 76,467 79,526 82,707 86,015 89,456 93,034 Equity Transfer from General FundFund Balance - Beginning(23,656) 336,406 357,659 1,671,873 1,868,045 1,919,455 1,995,923 2,075,448 2,158,155 2,244,171 2,333,626 Fund Balance - Ending336,406 357,659 1,671,873 1,868,045 1,919,455 1,995,923 2,075,448 2,158,155 2,244,171 2,333,626 2,426,660 Fund Balance Percentage31.82%35.29%156.82%172.06%180.62%187.82%195.30%203.08%211.18%219.59%Meeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 19
5/22/200816City of St. Louis ParkFinancial Management PlanUpdated May, 2008Pavement Management Fund - This fund covers expenditures related to street reconstruction and chip-sealingRevenue Inflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%20062007 2008 2009 2010201120122013201420152016Actual Budget Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated EstimatedRevenues General Property Taxes 415,000 415,000 415,000 415,000 415,000 415,000 415,000 415,000 415,000 415,000 415,000 New Prop Tax Required40,000 110,000 180,000 250,000 320,000 390,000 Charges for Services Franchise Tax 945,641 963,918 963,918 963,918 963,918 963,918 963,918 963,918 963,918 963,918 963,918 Transfers In Water - - - - - - - - - - - Sanitary Sewer - - - - - - - - - - - Other Revenue Market Value Credit (4370)- - - - - - - - - - - Interest Income 62,090 64,666 50,485 40,369 27,363 37,323 42,386 28,630 27,952 28,121 29,113 Misc/Other Total Revenues1,422,731 1,443,584 1,429,403 1,419,287 1,406,281 1,456,241 1,531,304 1,587,548 1,656,870 1,727,039 1,798,031 Expenditures Capital Outlay 1,265,815 1,798,124 1,682,288 1,744,456 1,157,270 1,329,668 1,875,197 1,604,509 1,652,644 1,702,224 1,753,290 Total Expenditures1,265,815 1,798,124 1,682,288 1,744,456 1,157,270 1,329,668 1,875,197 1,604,509 1,652,644 1,702,224 1,753,290 Revenues less Expenditures156,916 (354,540) (252,885) (325,169) 249,011 126,573 (343,893) (16,961) 4,226 24,815 44,741 Fund Balance - Beginning1,459,744 1,616,660 1,262,120 1,009,235 684,067 933,077 1,059,650 715,757 698,797 703,022 727,837 Fund Balance - Ending1,616,660 1,262,120 1,009,235 684,067 933,077 1,059,650 715,757 698,797 703,022 727,837 772,578 Fund Balance Percentage89.91%75.02%57.85%59.11%70.17%56.51%44.61%42.28%41.30%41.51%Assumptions:Interest earnings calculated at 4.0% of py ending fund balance.No increase in franchise fee 2007-2011.No add'l revenue after 2006 from Water and Sanitary Sewer funds per original agreement.Capital outlay amounts comes from CIP for years 2007-20117% rate increase in franchise fees, pending final approval from the MPUC on Xcel Energy.3% levy inflationary figure used starting in 2008.Meeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 20
5/22/200817City of St. Louis ParkFinancial Management PlanUpdated May, 2008Capital Replacement Fund - Combines MBF, Tech Repl, & Equip Repl into a universal equipment replacement fundRevenue Inflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016BudgetBudgetEstimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated EstimatedRevenues General Property Taxes- - - 150,000 340,000 340,000 600,000 640,000 640,000 640,000 640,000 Housing Authority 10,958 6,089 - 11,503 11,503 11,503 11,503 11,503 11,503 11,503 11,503 Transfers In- - - - - - - - - - - P&F Pension - - - - - - - - - - - Other Funds 127,664 87,139 - 32,597 32,595 32,595 32,595 32,595 32,595 32,595 32,595 General Fund 587,131 1,100,000 772,500 10,845,675 7,871,045 897,177 924,092 951,815 980,369 1,009,780 1,040,074 Other Revenue- - - - - - - - - - - Market Value Credit (4370) - - - - - - - - - - - Interest Income 181,652 154,261 194,581 108,558 100,033 70,518 68,228 30,581 31,475 33,356 36,293 Misc/Other 102,338 - - - - - - - - - - Total Revenues1,009,743 1,347,489 967,081 11,148,333 8,355,176 1,351,793 1,636,418 1,666,493 1,695,942 1,727,234 1,760,464 - - - - - - - - - - - Expenditures- - - - - - - - - - - Supplies/Non-Capital/Services- - - - - - - - - - - Computers/Printers 280,187 235,000 215,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000 Software - 150,000 54,095 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 Network Hardware - 150,000 42,050 160,000 160,000 160,000 160,000 160,000 160,000 160,000 160,000 Contractual Services- - 75,000 - - - - - - - - Vehicles222,370 1,049,750 927,260 426,443 1,108,048 474,047 1,638,106 700,000 700,000 700,000 700,000 Other Equipment4,292 - 1,312,000 10,400,000 7,450,000 400,000 404,500 409,135 413,909 418,826 423,891 Total Expenditures506,849 1,584,750 2,625,405 11,361,443 9,093,048 1,409,047 2,577,606 1,644,135 1,648,909 1,653,826 1,658,891 Revenues less Expenditures502,894 (237,261) (1,658,324) (213,110) (737,872) (57,254) (941,188) 22,358 47,033 73,408 101,573 Cash Balance4,043,702 4,546,596 4,309,335 2,651,011 2,437,901 1,700,029 1,642,775 701,587 723,945 770,978 844,387 Cash Balance - Ending4,546,596 4,309,335 2,651,011 2,437,901 1,700,029 1,642,775 701,587 723,945 770,978 844,387 945,960 Fund Balance Percentage286.90% 164.14% 23.33% 26.81% 120.65% 63.73% 42.67% 43.90% 46.62% 50.90%Meeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 21
5/22/200818City of St. Louis ParkFinancial Management PlanUpdated May, 2008Municipal Building Fund - This fund covers construction of and major repairs to municipal buildingsInflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%20062007200820092010201120122013201420152016Actual Budget Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated EstimatedRevenues IntergovernmentalNew Prop Tax Required- - - 40,000 120,000 120,000 160,000 200,000 200,000 200,000 200,000 Intergovernmental- - - - - - - - - - - Miscellaneous- - - - - - - - - - - Transfers In General Fund- 350,000 - 10,000,000 7,000,000 - - - - - - Other Revenue Interest22,820 21,814 36,687 10,154 6,161 3,207 2,135 2,441 4,173 5,784 7,262 Total Revenues22,820 371,814 36,687 10,050,154 7,126,161 123,207 162,135 202,441 204,173 205,784 207,262 Expenditures Capital Outlay4,292 700,000 10,150,000 7,200,000 150,000 154,500 159,135 163,909 168,826 173,891 Total Expenditures4,292 - 700,000 10,150,000 7,200,000 150,000 154,500 159,135 163,909 168,826 173,891 Revenue less Expenditures18,528 371,814 (663,313) (99,846) (73,839) (26,793) 7,635 43,306 40,264 36,957 33,371 Fund Balance - Beginning526,833 545,361 917,175 253,862 154,017 80,178 53,385 61,020 104,326 144,590 181,547 Fund Balance - Ending545,361 917,175 253,862 154,017 80,178 53,385 61,020 104,326 144,590 181,547 214,918 Fund Balance Percentage131.03% 2.50% 2.14% 53.45% 34.55% 38.34% 63.65% 85.64% 104.40%Assumptions:Interest earnings calculated at 4.0% of py ending fund balance.In year 2009 - 2011, a portion of MVC will be redirected to MBFIn year 2011, nothing was noted in CIPMeeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 22
5/22/200819City of St. Louis ParkFinancial Management PlanUpdated May, 2008Technology Replacement Fund - This fund covers replacement of computers, printers, network hardware and softwareRevenue Inflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%2006 2007 2008 2009 2010 201120122013201420152016Actual Budget Budget Estimated Estimated Estimated Estimated Estimated Estimated Estimated EstimatedRevenues General Property Taxes110,000 220,000 220,000 440,000 440,000 440,000 440,000 440,000 Housing Autho10,958 6,089 - 11,503 11,503 11,503 11,503 11,503 11,503 11,503 11,503 Transfers In P&F Pension - - - - - - - - - - - Other Funds 127,664 87,139 - 32,597 32,595 32,595 32,595 32,595 32,595 32,595 32,595 General Fund- Other Revenue Market Value Cr- - - - - - - - - - - Interest Incom51,808 19,000 51,900 18,840 4,357 (6,305) (17,393) (20,125) (22,966) (25,921) (28,993) Misc/Other 23 - - - - - - - - - - Total Revenues190,453 112,228 51,900 172,940 268,455 257,793 466,705 463,973 461,132 458,177 455,105 Expenditures Supplies/Non-Capital/Services Computers/Pr280,187 235,000 215,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000 Software 150,000 54,095 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 Network Hardware 150,000 42,050 160,000 160,000 160,000 160,000 160,000 160,000 160,000 160,000 Contractual Services75,000 Total Expenditures280,187 535,000 386,145 535,000 535,000 535,000 535,000 535,000 535,000 535,000 535,000 Revenues less Exp(89,734) (422,772) (334,245) (362,060) (266,545) (277,207) (68,295) (71,027) (73,868) (76,823) (79,895) Cash Balance 1,317,739 1,228,005 805,233 470,988 108,928 (157,617) (434,824) (503,119) (574,146) (648,014) (724,836) Cash Balance - En1,228,005 805,233 470,988 108,928 (157,617) (434,824) (503,119) (574,146) (648,014) (724,836) (804,732) Assumptions:Interest earnings calculated at 4%.Used Clint's TRF Requirement Analysis for 2006-2011 expenditures. No add'l revenue after 2005 from Police & Fire Pension Fund. Park & Rec expenditures are funded by Tech Repl.Beginning in 2009, a portion of the MVHC will be allocated to TRF & Mun Bldg Fund.Meeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 23
5/22/200820City of St. Louis ParkFinancial Management PlanUpdated May, 2008Equipment Replacement Fund - This fund covers replacement costs for city vehicles and capital equipmentRevenue Inflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%2006 2007 2008 2009 2010 2011 2012 2013 20142015 2016Budget Budget Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated EstimatedRevenues General Property Taxes Transfers In587,131 750,000 772,500 845,675 871,045 897,177 924,092 951,815 980,369 1,009,780 1,040,074 Interest Income 107,024 113,446 105,994 79,564 89,515 73,616 83,486 48,265 50,268 53,493 58,024 Misc/Other 102,315 - - - - - - - - - - Total Revenues796,470 863,446 878,494 925,239 960,561 970,793 1,007,578 1,000,079 1,030,637 1,063,273 1,098,098 ExpendituresVehicles222,370 1,049,750 927,260 426,443 1,108,048 474,047 1,638,106 700,000 700,000 700,000 700,000 Other Equipment- 612,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 Total Expenditures222,370 1,049,750 1,539,260 676,443 1,358,048 724,047 1,888,106 950,000 950,000 950,000 950,000 Change in Fund Balance574,100 (186,304) (660,766) 248,796 (397,487) 246,746 (880,528) 50,079 80,637 113,273 148,098 Cash Balance - Beginning2,262,059 2,836,159 2,649,855 1,989,090 2,237,885 1,840,398 2,087,143 1,206,615 1,256,694 1,337,331 1,450,605 Cash Balance - Ending 2,836,159 2,649,855 1,989,090 2,237,885 1,840,398 2,087,143 1,206,615 1,256,694 1,337,331 1,450,605 1,598,702 Assumptions:Interest earnings calculated at 4%.Meeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 24
5/22/200821City of St. Louis ParkFinancial Management PlanUpdated May, 2008Employee Flexible Benefits Fund - This fund covers the cost of insurance, unemployment, flex leave payouts, and tuition reimbursementRevenue Inflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%2005 2006 2007 2008 2009 2010 201120122013201420152016Actual Budget Budget Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated EstimatedRevenuesNew Prop Tax Required75,000 400,000 225,000 300,000 375,000 450,000 525,000 600,000 Transfers In200,000 Interest Income 6,504 12,000 12,000 12,360$ 12,731$ 13,113$ 13,506$ 13,911$ 14,329$ 14,758$ 15,201$ 15,657$ Misc/Other 79,245 50,000 350,000 360,500$ 371,315$ 382,454$ 393,928$ 405,746$ 417,918$ 430,456$ 443,370$ 456,671$ Total Revenues285,749 62,000 362,000 372,860 459,046 795,567 632,434 719,657 807,247 895,214 983,571 1,072,328 ExpendituresPersonal Services515,012$ 518,737$ 494,770$ 509,613$ 524,901$ 540,649$ 556,868$ 573,574$ 590,781$ 608,505$ 626,760$ 645,563$ Services & Other Charges72,731 71,000 88,000 90,640$ 93,359$ 96,160$ 99,045$ 102,016$ 105,077$ 108,229$ 111,476$ 114,820$ Total Expenditures587,743$ 589,737$ 582,770$ 600,253$ 618,261$ 636,809$ 655,913$ 675,590$ 695,858$ 716,734$ 738,236$ 760,383$ - Change in Fund Balance(301,994) (527,737) (220,770) (227,393) (159,215) 158,759 (23,479) 44,067 111,389 178,481 245,335 311,945 - Cash Balance - Beginning(2,118,577) 144,545 (168,945) (389,715) (617,108) (776,323) (617,564) (641,043) (596,976) (485,587) (307,106) (61,771) Cash Balance - Ending(2,420,571) (383,192) (389,715) (617,108) (776,323) (617,564) (641,043) (596,976) (485,587) (307,106) (61,771) 250,174 Meeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 25
5/22/200822City of St. Louis ParkFinancial Management PlanUpdated May, 2008Uninsured Loss Fund - This fund covers self-insured workers comp claims and liability claim deductiblesRevenue Inflation 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%2006 2007 2008 2009 2010 2011 2012 2013 20142015 2016Budget Budget Estimated Estimated Estimated Estimated Estimated Estimated Estimated Estimated EstimatedRevenues Transfers In Interest Income 20,000 20,000 42,775$ 44,788$ 46,892$ 49,089$ 51,383$ 53,779$ 56,281$ 58,894$ 61,622$ Misc/Other 20,000 20,600$ 21,218$ 21,855$ 22,510$ 23,185$ 23,881$ 24,597$ 25,335$ 26,095$ Total Revenues20,000 40,000 63,375 66,006 68,746 71,599 74,568 77,660 80,878 84,229 87,717 ExpendituresPersonal Services10,934$ 12,653$ 13,033$ 13,424$ 13,826$ 14,241$ 14,668$ 15,108$ 15,562$ 16,028$ 16,509$ SuppliesServices & Other Charges-$ -$ -$ -$ -$ -$ -$ -$ -$ Total Expenditures10,934$ 12,653$ 13,033$ 13,424$ 13,826$ 14,241$ 14,668$ 15,108$ 15,562$ 16,028$ 16,509$ Change in Fund Balance 9,066 27,347 50,342 52,583 54,920 57,358 59,900 62,552 65,317 68,201 71,208 Fund Balance - Beginning1,032,957 1,042,023 1,069,370 1,119,712 1,172,295 1,227,215 1,284,573 1,344,473 1,407,025 1,472,342 1,540,542 Fund Balance - Ending1,042,023 1,069,370 1,119,712 1,172,295 1,227,215 1,284,573 1,344,473 1,407,025 1,472,342 1,540,542 1,611,750 Meeting of May 27, 2008 (Item No. 2) Subject: Financial Management Plan and Planning for 2009 Budget UpdatePage 26
Meeting of May 27, 2008 (Item No. 2)
Subject: Financial Management Plan and Planning for 2009 Budget Update Page 27
Meeting of May 27, 2008 (Item No. 2)
Subject: Financial Management Plan and Planning for 2009 Budget Update Page 28
Meeting of May 27, 2008 (Item No. 2)
Subject: Financial Management Plan and Planning for 2009 Budget Update Page 29
City of St. Louis Park
2009 Proposed
Budget Calendar
Due Date Dept. Description
May 27, 2008 Finance Preliminary Fin Mgmt Plan & Budget discussion with Council
June 6, 2008 Finance Budget worksheets distributed electronically to all departments
July 9, 2008 All Departments Proposed budget files completed and submitted to Finance
August 4, 2008 Finance Budget discussion & review by Council before or after regular meeting
August 25, 2008 Finance 2nd Review of Budget to Council
September 2, 2008 Finance Preliminary tax levy and budget approval by Council
September 15,
2008 Finance Certification of preliminary tax levy to county -- reports due to state
September -
November Finance
Study session(s) on proposed budget, CIP,
and long-range financial planning
November, 2008 Finance
Presentation for Business Council, Neighborhoods,
and/or other community groups
November, 2008 Finance Notice of Truth in Taxation (Budget Public Hearing) published
December 1, 2008 Finance Truth in taxation (Budget Public Hearing)
December 15, 2008 Finance Council adoption of budget, tax levy, and CIP
December 24, 2008 Finance Certification of tax levy and other required forms
January, 2009 Finance Budget and CIP published on paper and website
Note: Items in blue are meetings with the City Council
Meeting of May 27, 2008 (Item No. 2)
Subject: Financial Management Plan and Planning for 2009 Budget Update Page 30
Meeting Date: May 27, 2008
Agenda Item #: 3
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Hwy 7 and Wooddale Avenue Grade Separated Crossing Schedule and Financing / STEP Lease.
RECOMMENDED ACTION:
The purpose of this item is to update and receive feedback from the Council on the Trunk Highway
7 and Wooddale Avenue grade separated crossing schedule and financing and its relationship to the
lease the City holds with STEP. This discussion is being driven at least in part by the request made
by STEP for an extension to their lease (see attached letter).
POLICY CONSIDERATION:
Council previously authorized staff to continue with advance design work in preparation of an April
2009 bid letting for the grade separated project. While approximately 50% of the money has been
raised, $9.2 million is still needed to build this project. The City Manager is seeking direction from
Council on the following:
1) Does the Council wish to proceed with this project and a 2009 bid letting knowing that the
City may end up having to provide a majority of the remaining funding needed?
Staff has identified three options for Council’s discussion and consideration regarding the
timing of this project. Option 1 provides for a bid letting in 2009. Options 2 and 3 outlined
further in this report present other alternatives and related pros and cons.
BACKGROUND:
STEP Building
Since December 2004 STEP has leased on an interim basis the EDA’s building located at 5925
Highway 7. STEP’s current lease with the EDA expires June 2008. STEP is working toward an
agreement with the Lutheran Church of the Reformation for the construction of permanent space
starting in late 2008 or 2009, with a possible agreement to temporarily house STEP from the
basement of the church until the final space is completed. Based on project discussions with Public
Works, if the project were proposed for a bid letting in Spring of 2009, the 5925 Hwy 7 building
(STEP site) needs to be vacated by year end and either demolished in early 2009 so that it will not
delay the construction of the grade separated interchange project, or removed as part of the project.
Meeting of May 27, 2008 (Item No. 3) Page 2
Subject: Hwy 7 and Wooddale Avenue Grade Separated Crossing Schedule and Financing / STEP Lease
TH 7 & Wooddale Avenue
The construction of a grade-separated intersection at TH 7 and Wooddale Avenue in St. Louis Park
has a currently estimated cost of $18.2 million. The project was awarded $5.866 million in federal
funding from the Metropolitan Council in 2005 under the Surface Transportation Program (STP)
in the Non-Freeway Principal Arterial category for TH 7. To access the federal funds, we have until
March 31, 2010 (Sunset Date) to receive authorization from Mn/DOT to let the project without
having to request a one year sunset date extension (for which there is no guarantee that would be
granted). In addition, the city has spent more than $3 million in right-of-way acquisition and
engineering advanced design work. Staff has and continues to seek an additional $9.2 million from
various sources to proceed with construction.
Staff and the city’s consulting engineers, SRF, have been following a planning guide process, broken
into four phases, to move this project to the construction stage. Phases I and II are completed; Phase
III activities started in December and are expected to be completed by September 2008. This
schedule provides for a bid opening in April of 2009; construction is expected to last two years,
2009-2010, assuming that adequate funding is available.
FINANCIAL OR BUDGET CONSIDERATION:
STEP
Assuming a 2009 bid letting, Staff is recommending that the EDA extend STEP’s lease through
December 2008 to make their transition to their new location and give them as much time as
possible to find or build a new facility. If the project were delayed for a year or more, it would be
possible to extend the lease for a longer period of time .
TH 7 & Wooddale Avenue Grand Separated Crossing
The city is actively working to find the remaining $9.2 million to keep the project on schedule for
the April 2009 bid letting. Based on staff’s analysis and conversations with county, state and federal
officials, it is unlikely that the entire $9.2 million will be secured prior to April 2009 unless the city
raises money by using existing cash on hand and/or issuing bonds.
In addition to the federal funds already allocated by the Metropolitan Council’s Transportation
Advisory Board and the local dollars that have been expended, staff has identified the following
financial vehicles/options and timeframes for Council’s information and consideration:
Elmwood Tax Increment Finance District
Existing City Funds e.g. Development Fund or HRA Levy proceeds
Hennepin County
MnDOT
FY2009 Federal Appropriation
SAFETU-LU (Reauthorization of the Federal Transportation bill – bill to be introduced in
February 2009)
Meeting of May 27, 2008 (Item No. 3) Page 3
Subject: Hwy 7 and Wooddale Avenue Grade Separated Crossing Schedule and Financing / STEP Lease
2009: Elmwood TIF District - $4.4 million – $5.4 million
Mark Ruff from Ehlers & Associated briefly analyzed the amount of principal that could be
supported by the Elmwood TIF District, primarily from Rottlund's existing TIF and the potential
Greco development on the VIP II parcel. Mr. Ruff assumed that the bond issue is a tax-exempt
G.O. TIF Bond issued on May 1, 2009 (immediately prior to 5 year rule deadline) and that the
existing Rottlund TIF note will be retired by August 1, 2009. Based on Mr. Ruff’s preliminary
analysis, between $4.4 million and $5.4 million in bonds could be issued solely relying on the
increment from the tax district. G.O. TIF bonds can be issued as long as at least 20% of the bonds
are anticipated to be repaid with increment. This means a maximum of about $25 million could be
issued but it would require a more in-depth analysis to show how the bonds could be repaid through
taxes or other city funds.
If the Council intends to issue bonds to pay for the construction of this project, the bonds must be
issued in 2009. The Elmwood district five-year rule comes into effect sometime late summer or early
fall 2009. If bonds are not issued by then, the city is precluded from obligating the district for any
further costs. The bonds would have a three year spend-down period. The Council also would need
to consider how much money is need needed for the cost of any 36th Street streetscape
improvements planned in the next year or two.
Existing City Funds
The City Council could use funds the City currently has in the Development Fund and/or HRA
levy proceeds to assist in paying for this project. The City Council has been using the HRA levy
authority since 2001 to set aside dollars for infrastructure improvements in redeveloping areas.
2009-2011: Hennepin County - $2 – 4 million
As part of Hennepin County’s Southwest Corridor transit study, a transit station is proposed
adjacent to the intersection of Hwy 7 and Wooddale. Hennepin County would not typically
provide funding for this project because it is owned by the state and city respectively. However, with
the addition of light rail at this intersection and the disruption to traffic if the intersection remains
at-grade, Hennepin County has been approached for assistance with the construction of this
intersection. Conversations with the county are in the preliminary stages.
2009-2011: Minnesota Department of Transportation (MnDOT) $1.0-$1.5 million
Staff has met repeatedly with MnDOT in an effort to secure their financial contribution toward this
project. While MnDOT supports the city’s ongoing request for federal funding, this project is not
included in the MnDOT Metro District 2008-30 Transportation System Plan. Former MnDOT
Acting Commissioner Bob McFarlin indicated in his March 13, 2008 letter that the city could apply
for funding of up to $550,000 for locally initiated projects and has programmed $1 million for the
Safety/Capacity funds in 2013-14. If the money was requested earlier than 2013-14, the city would
need to lend MnDOT the money.
Meeting of May 27, 2008 (Item No. 3) Page 4
Subject: Hwy 7 and Wooddale Avenue Grade Separated Crossing Schedule and Financing / STEP Lease
2009-2010: FY2009 & FY2010 Federal Appropriations - $500,000 - $1,000,000
The city has been working with Senators Coleman, Klobuchar and Congressman Ellison on various
requests for federal assistance as it relates to transportation. For FY2009, staff submitted requests on
behalf of this project in the amount of $9.2 million. Conversations with Washington staffers
indicate that it is unlikely that the city would receive an appropriation for this project and if it did, it
would be significantly less than our submitted request.
2009-2010: SAFTE-LU (Reauthorization of the Surface Transportation Bill) - $9.2+ million
Every six years, the federal government reauthorizes the surface transportation bill. Elected officials
from the House and Senate submit requests for their district and if the submitted project makes it
into the final bill, the total appropriated amount is spread out over a six year period. Congressman
Jim Oberstar has indicated that he will introduce the bill in February 2009. Hearings will take place
throughout 2009 and a deadline for the final bill has not been established. Staff is intending to
make a request on behalf of the TH 7 & Wooddale Avenue projects as well as several other
transportation projects in the city, such the local match for TH100 Full Build Project and funding
for the TH 7 & Louisiana grade separated interchange project.
ISSUES FOR CONSIDERATION:
At the present time, the project is scheduled to be let for bid in April 2009. The City Manager is
requesting direction from Council about the timing of the project. Does the Council wish for staff
to proceed as planned? Council has three options for consideration and discussion.
1) Project stays on schedule as discussed – staff will let bids in April 2009.
Benefits: Project costs have already risen by $6 million since 2005 and costs can be locked in by
proceeding. Elmwood TIF bonds can be issued to cover the cost of the project within the five-year
rule deadline and can be repaid with federal, state or county dollars if they are secured in the future.
The City also has other funds at its disposal to assist with this project. By the same token, the City
will then be precluded from having these dollars for other much needed projects in the City. By
staying on schedule, by 2011, TH & 7 Wooddale will be a safer intersection for rail, vehicles,
pedestrians and bicyclists, traffic flows will be improved and the SWLRT will experience increased
efficiencies.
Challenges: City will need to front costs for project construction ($9.2 million) unless staff can
secure funding from the county, state or federal government. STEP will need to relocate by year-
end, which will require them to find a temporary location while their permanent site is under
construction.
Meeting of May 27, 2008 (Item No. 3) Page 5
Subject: Hwy 7 and Wooddale Avenue Grade Separated Crossing Schedule and Financing / STEP Lease
2) Project is delayed until 2010 or 2011 to give staff more time to identify and secure resources.
Benefits: Delaying the project gives staff additional time to secure additional resources for this
project and could potentially keep the city from needing to spend $9.2 million of city dollars for the
project. If delayed, the EDA could extend STEP’s lease until they are able to relocate to their new
location mid-2009, minimizing the disruption of services to residents. Council can still issue bonds
from the Elmwood TIF District for this project even if it is delayed by one year or two years as long
as dollars are expended within three years from date of issue. If additional dollars are not secured,
Council can still proceed with project in 2010 or 2011.
Challenges: Overall construction costs will likely increase and while staff cannot predict how
construction materials and overall inflation will affect the project, assuming 5% inflation, the overall
project cost will be between $19.1 and $20.1 million, depending on whether the project begins in
2010 or 2011. It could be significantly higher than 5% as well given energy and raw material costs.
Also, delays in construction start may affect timing for the SWLRT and would likely disappoint
neighbors who are looking forward to project completion.
3) Project is delayed indefinitely.
Benefits: The city has already spent the local share for the project and it would save millions in
construction costs for the City if no additional monies are found. Monies from the Elmwood TIF
District can be allocated toward other needs. Engineering staff and dollars can be directed toward
other transportation projects; budgeted dollars for federal lobbying expenses will be eliminated.
Challenges: Traffic congestion and safety for pedestrians and bicyclists will worsen. If the project
does not start by the Sunset Date, St. Louis Park will not be able to use the $5.866 million in
funding from the Metropolitan Council. An indefinite delay will likely result in increased
construction costs. Residents and commuters will be likely be disappointed if the project is delayed
for an extended length of time. The intersection will need to be rebuilt prior to the construction of
the SWLRT and if the County has covered the cost of the reconstruction, it is possible that it could
negatively affect the cost effectiveness index for the project.
Other Considerations
Construction of other area projects such as Alabama Ave rehabilitation, Excelsior Blvd
reconstruction (Dakota Ave to Louisiana Ave), and Hwy 7 / Louisiana Ave interchange should also
be considered. Alabama Ave is currently scheduled for rehabilitation either late this year or early in
2009 prior to the Hwy 7 / Wooddale Ave interchange project. Based on a recent communication
from the County, the Excelsior Blvd project appears to be delayed from 2009 to 2010 – this is
currently being verified with County staff. The Hwy 7 / Louisiana Ave project is currently
scheduled for 2011 two years behind this project. A two year gap should probably be maintained
between these projects so a delay or sunset date extension will likely require the same on the Hwy 7 /
Louisiana Ave interchange project.
Meeting of May 27, 2008 (Item No. 3) Page 6
Subject: Hwy 7 and Wooddale Avenue Grade Separated Crossing Schedule and Financing / STEP Lease
VISION CONSIDERATION:
The following Strategic Direction and focus area was identified by Council earlier this year:
St. Louis Park is committed to being a connected and engaged community.
Focus will be on:
• Promoting regional transportation issues and related dedicated funding
sources affecting St. Louis Park including but not limited to Hwy. 100 and
SWLRT.
Attachments: STEP Extension Request Letter
Prepared by: Marcia Honold, Management Assistant
Reviewed by: Bruce DeJong, Finance Director
Mike Rardin, Public Works Director
Kevin Locke, Community Development Director
Nancy Gohman, Deputy City Manager/HR Director
Approved by: Tom Harmening, City Manager
Meeting Date: May 27, 2008
Agenda Item #: 4
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Communications (verbal).
RECOMMENDED ACTION:
Not Applicable.
POLICY CONSIDERATION:
Not Applicable.
BACKGROUND:
At every Study Session, verbal communications will take place between staff and Council for the
purpose of information sharing.
FINANCIAL OR BUDGET CONSIDERATION:
Not Applicable.
VISION CONSIDERATION:
Not Applicable.
Attachments: None.
Prepared and Approved by: Tom Harmening, City Manager
Meeting Date: May 27, 2008
Agenda Item #: 5
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
April 2008 Monthly Financial Report.
RECOMMENDED ACTION:
No action required at this time. This is a written report for information sharing purposes.
POLICY CONSIDERATION:
None.
BACKGROUND:
This report is designed to provide summary information regarding the overall level of revenues and
expenditures in both the General Fund and the Park and Recreation Fund along with department
level reports. These funds are the primary concern in analyzing the City’s financial health because
they represent most of the discretionary use of tax levy dollars.
For the month of April in the fiscal year, actual revenues (except for property taxes and state aids)
and expenditures should generally run about 33% of the annual budget. At this time the General
Fund has non-tax revenues of 44% and expenditures of 31.7%. The Park and Recreation Fund has
non-tax revenues of 12.4% and expenditures of 32.7%. Significant variances from budget are
highlighted below accompanied with a general discussion for the variance.
General Fund
Expenditures:
• Human Resources and Community Outreach – Police both appear to be over budget as a
result of the annual payments made to I.S.D. #283 for the Volunteer Coordinator and for
mediation services in the amount of $34,400 and $4,300 respectively. It is easier to make
these payments annually, as long as all interested parties know the budgetary result will be
higher expenditures early in the year.
• The Fire Department purchased its turnout gear for the year which has taken almost 50% of
the supplies budget.
• Public Works – Operations has purchased most of the salt and sand needed for the year
along with their sign materials which has used a large portion of the supplies budget.
Meeting of May 27, 2008 (Item No. 5) Page 2
Subject: April 2008 Monthly Financial Report
Parks and Recreation
Expenditures:
• Organized Recreation exceeds budget in Services & Other Charges as a result of the annual
payments to I.S.D. #283 for community education in the amount of $187,400.
• The Environment division actual expenditures also appear to exceed budget due to the
annual boulevard tree pruning that occurs during the dormant season. These costs all occur
in January through March per the contract.
• Vehicle Maintenance is exceeding budget as a result of several factors: First, petroleum
products (gas, diesel, and lubricants) are exceeding budget due to unprecedented prices. Staff
is closely monitoring this line item. Secondly, many parts have been purchased which will be
used in the upfitting process for new vehicles.
FINANCIAL OR BUDGET CONSIDERATION:
None required at this time.
VISION CONSIDERATION:
Not applicable.
Attachments: Monthly Financial Reports
Prepared by: Bruce DeJong, Finance Director
Approved by: Tom Harmening, City Manager
5/19/2008CITY OF ST LOUIS PARK 12:22:57R5509FIN1 LOGIS001
1Monthly Financial Report Page -By Co (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
01000 GENERAL FUND
4000 REVENUES & EXPENSES
4001 REVENUES
4010 GENERAL PROPERTY TAXES 14,107,179.00-14,107,179.00-|13,170,348.00-
4100 LICENSES & PERMITS 2,712,715.00- 205,951.74- 1,135,131.01- 1,577,583.99- 41.84 |2,636,500.00-1,061,549.69- 40.26
4270 FINES & FORFEITS 311,000.00-60.00 64,298.68- 246,701.32- 20.67 |309,600.00-78,675.39- 25.41
4300 INTERGOVERNMENTAL 1,709,365.00- 26,613.58- 389,569.64- 1,319,795.36- 22.79 |1,628,804.15-428,980.47- 26.34
4600 CHARGES FOR SERVICES 1,084,975.00- 58,819.91- 190,918.94- 894,056.06- 17.60 |1,045,828.63-196,897.93- 18.83
5200 MISCELLANEOUS 100,000.00-1,250.00- 6,250.00- 93,750.00-6.25 |111,400.00-35,146.20- 31.55
4001 REVENUES 20,025,234.00-292,575.23-1,786,168.27-18,239,065.73-8.92 |18,902,480.78-1,801,249.68-9.53
6001 EXPENDITURES
6002 PERSONAL SERVICES 17,638,555.00 1,529,014.80 5,955,590.76 11,682,964.24 33.76 |16,858,062.07 5,302,666.57 31.45
6210 SUPPLIES 758,098.00 62,054.58 258,665.63 499,432.37 34.12 |686,448.00 161,915.47 23.59
6300 NON-CAPITAL EQUIPMENT 71,350.00 983.09 6,873.05 64,476.95 9.63 |63,950.00 8,455.02 13.22
6350 SERVICES & OTHER CHARGES 4,258,872.00 229,222.88 979,611.27 3,279,260.73 23.00 |4,077,004.00 1,193,891.58 29.28
7800 CAPITAL OUTLAY 1,285.08 1,285.08-|77.94-
6001 EXPENDITURES 22,726,875.00 1,821,275.35 7,202,025.79 15,524,849.21 31.69 |21,685,464.07 6,666,850.70 30.74
8001 OTHER INCOME
8010 TRANSFERS IN 2,555,694.00-2,555,694.00-|2,654,836.00-884,945.36- 33.33
8065 SALE OF SALVAGE |10,063.00-
8070 OTHER RECOVERIES 2,000.00-197.66 183.34-1,816.66-9.17 |2,000.00-1,933.32- 96.67
8100 INTEREST 325,000.00-86,604.42 411,604.42- 26.65- |301,099.00-61,111.46 20.30-
8170 ADMINISTRATION FEES 275.00-275.00 |6,000.00-1,400.00- 23.33
8200 MISC REVENUE 391.71-501.71-501.71 |127.30-
8001 OTHER INCOME 2,882,694.00-194.05-85,644.37 2,968,338.37-2.97-|2,963,935.00-837,357.52-28.25
8501 OTHER EXPENSE
8550 INTEREST/FINANCE CHARGES 8.25 8.25-|4.36
8580 MISC EXPENSE 180,650.00 1.08 180,648.92 0.00 |180,650.00 4,992.30 2.76
8590 BANK CHARGES/CREDIT CD FEES 400.00 1.41 32.17 367.83 8.04 |300.00 5,488.11 1,829.37
8501 OTHER EXPENSE 181,050.00 1.41 41.50 181,008.50 .02 |180,950.00 10,484.77 5.79
4000 REVENUES & EXPENSES 3.00-1,528,507.48 5,501,543.39 5,501,546.39-**********|1.71-4,038,728.27 **********
01000 GENERAL FUND 3.00-1,528,507.48 5,501,543.39 5,501,546.39-**********|1.71-4,038,728.27 **********
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 3
5/19/2008CITY OF ST LOUIS PARK 12:22:57R5509FIN1 LOGIS001
2Monthly Financial Report Page -By Co (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
02000 PARK AND RECREATION
4000 REVENUES & EXPENSES
4001 REVENUES
4010 GENERAL PROPERTY TAXES 3,750,197.00-3,750,197.00-|3,540,854.00-
4100 LICENSES & PERMITS 1,175.00- 3,375.00-3,375.00 |3,250.00-
4300 INTERGOVERNMENTAL 56,402.00-56,402.00-|56,402.00-
4600 CHARGES FOR SERVICES 1,058,170.00- 114,312.63- 295,726.61- 762,443.39- 27.95 |1,077,220.00-326,665.27- 30.32
5200 MISCELLANEOUS 823,061.00- 62,656.59- 113,552.47- 709,508.53- 13.80 |809,061.00-186,717.20- 23.08
4001 REVENUES 5,687,830.00-178,144.22-412,654.08-5,275,175.92-7.26 |5,483,537.00-516,632.47-9.42
6001 EXPENDITURES
6002 PERSONAL SERVICES 3,403,854.00 252,443.51 1,034,591.98 2,369,262.02 30.39 |3,286,328.13 974,144.93 29.64
6210 SUPPLIES 795,292.00 64,247.75 268,706.81 526,585.19 33.79 |768,832.00 238,702.06 31.05
6300 NON-CAPITAL EQUIPMENT 4,500.00 508.80 3,991.20 11.31 |4,500.00 6,991.73 155.37
6350 SERVICES & OTHER CHARGES 1,543,904.00 78,036.61 584,032.31 959,871.69 37.83 |1,520,731.00 599,175.71 39.40
7800 CAPITAL OUTLAY 19,000.00 19,000.00 |19,000.00 345.25- 1.82-
6001 EXPENDITURES 5,766,550.00 394,727.87 1,887,839.90 3,878,710.10 32.74 |5,599,391.13 1,818,669.18 32.48
8001 OTHER INCOME
8010 TRANSFERS IN 75,000.00-75,000.00-|100,000.00-
8100 INTEREST 1,600.00-1,600.00-|8,000.00-
8130 CONTRIBUTIONS/DONATIONS 11,100.00-703.00- 1,803.00-9,297.00- 16.24 |16,600.00-6,861.42- 41.33
8001 OTHER INCOME 87,700.00-703.00-1,803.00-85,897.00-2.06 |124,600.00-6,861.42-5.51
8501 OTHER EXPENSE
8510 TRANSFERS OUT 8,981.00 8,981.00 |8,745.73 2,915.32 33.33
8550 INTEREST/FINANCE CHARGES 31.22 31.22 31.22-|
8580 MISC EXPENSE |95.75
8590 BANK CHARGES/CREDIT CD FEES 98.85 98.85-|4,302.76
8501 OTHER EXPENSE 8,981.00 31.22 130.07 8,850.93 1.45 |8,745.73 7,313.83 83.63
4000 REVENUES & EXPENSES 1.00 215,911.87 1,473,512.89 1,473,511.89-*********|.14-1,302,489.12 **********
02000 PARK AND RECREATION 1.00 215,911.87 1,473,512.89 1,473,511.89-*********|.14-1,302,489.12 **********
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 4
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
2Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
100 GENERAL
4000 REVENUES & EXPENSES
4001 REVENUES
4010 GENERAL PROPERTY TAXES 14,107,179.00-14,107,179.00-|13,170,348.00-
4300 INTERGOVERNMENTAL 45,205.00-45,205.00-|45,205.00-
4600 CHARGES FOR SERVICES 12.00-103.00-103.00 |84.75-
5200 MISCELLANEOUS 85,000.00-85,000.00-|85,000.00-28,429.52- 33.45
4001 REVENUES 14,237,384.00-12.00-103.00-14,237,281.00-0.00 |13,300,553.00-28,514.27-.21
6001 EXPENDITURES
6350 SERVICES & OTHER CHARGES 52.50 52.50-|
6001 EXPENDITURES 52.50 52.50-|
8001 OTHER INCOME
8010 TRANSFERS IN 2,471,711.00-2,471,711.00-|2,571,039.00-884,945.36- 34.42
8065 SALE OF SALVAGE |10,063.00-
8100 INTEREST 325,000.00-86,604.42 411,604.42- 26.65- |292,599.00-61,270.93 20.94-
8001 OTHER INCOME 2,796,711.00-86,604.42 2,883,315.42-3.10-|2,863,638.00-833,737.43-29.11
8501 OTHER EXPENSE
8580 MISC EXPENSE 180,000.00 180,000.00 |180,000.00 4,789.04 2.66
8501 OTHER EXPENSE 180,000.00 180,000.00 |180,000.00 4,789.04 2.66
4000 REVENUES & EXPENSES 16,854,095.00-12.00-86,553.92 16,940,648.92-.51-|15,984,191.00-857,462.66-5.36
100 GENERAL 16,854,095.00-12.00-86,553.92 16,940,648.92-.51-|15,984,191.00-857,462.66-5.36
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 5
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
4Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
110 ADMINISTRATION
4000 REVENUES & EXPENSES
4001 REVENUES
4100 LICENSES & PERMITS 178,000.00-172,516.66-5,483.34- 96.92 |174,000.00-168,500.00- 96.84
4270 FINES & FORFEITS 8,000.00-8,000.00-|3,000.00-
4300 INTERGOVERNMENTAL |14,500.00-
4001 REVENUES 186,000.00-172,516.66-13,483.34-92.75 |191,500.00-168,500.00-87.99
6001 EXPENDITURES
6002 PERSONAL SERVICES 511,250.00 50,154.48 197,019.87 314,230.13 38.54 |507,731.60 159,529.30 31.42
6210 SUPPLIES 4,350.00 1,029.18 1,285.66 3,064.34 29.56 |3,950.00 405.85 10.27
6350 SERVICES & OTHER CHARGES 518,727.00 29,357.82 136,623.84 382,103.16 26.34 |471,249.00 136,304.12 28.92
6001 EXPENDITURES 1,034,327.00 80,541.48 334,929.37 699,397.63 32.38 |982,930.60 296,239.27 30.14
8001 OTHER INCOME
8200 MISC REVENUE 30.00-30.00 |
8001 OTHER INCOME 30.00-30.00 |
8501 OTHER EXPENSE
8550 INTEREST/FINANCE CHARGES 8.25 8.25-|
8590 BANK CHARGES/CREDIT CD FEES |.54
8501 OTHER EXPENSE 8.25 8.25-|.54
4000 REVENUES & EXPENSES 848,327.00 80,541.48 162,390.96 685,936.04 19.14 |791,430.60 127,739.81 16.14
110 ADMINISTRATION 848,327.00 80,541.48 162,390.96 685,936.04 19.14 |791,430.60 127,739.81 16.14
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 6
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
6Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
120 FINANCE
4000 REVENUES & EXPENSES
4001 REVENUES
4600 CHARGES FOR SERVICES 50,000.00-3,909.25- 11,727.75- 38,272.25- 23.46 |47,000.00-11,396.26- 24.25
4001 REVENUES 50,000.00-3,909.25-11,727.75-38,272.25-23.46 |47,000.00-11,396.26-24.25
6001 EXPENDITURES
6002 PERSONAL SERVICES 951,407.00 92,614.40 363,486.64 587,920.36 38.21 |898,670.00 270,058.25 30.05
6210 SUPPLIES 4,000.00 170.30 1,520.59 2,479.41 38.01 |3,600.00 1,843.50 51.21
6350 SERVICES & OTHER CHARGES 167,356.00 1,011.79 29,327.14 138,028.86 17.52 |150,762.00 58,579.70 38.86
6001 EXPENDITURES 1,122,763.00 93,796.49 394,334.37 728,428.63 35.12 |1,053,032.00 330,481.45 31.38
8001 OTHER INCOME
8170 ADMINISTRATION FEES 275.00-275.00 |6,000.00-1,400.00- 23.33
8200 MISC REVENUE 281.71-281.71-281.71 |4.80-
8001 OTHER INCOME 281.71-556.71-556.71 |6,000.00-1,404.80-23.41
8501 OTHER EXPENSE
8580 MISC EXPENSE 150.00 1.08 148.92 .72 |150.00 111.23 74.15
8590 BANK CHARGES/CREDIT CD FEES 300.00 3.46 3.46 296.54 1.15 |300.00 12.81 4.27
8501 OTHER EXPENSE 450.00 3.46 4.54 445.46 1.01 |450.00 124.04 27.56
4000 REVENUES & EXPENSES 1,073,213.00 89,608.99 382,054.45 691,158.55 35.60 |1,000,482.00 317,804.43 31.77
120 FINANCE 1,073,213.00 89,608.99 382,054.45 691,158.55 35.60 |1,000,482.00 317,804.43 31.77
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 7
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
8Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
130 HUMAN RESOURCES
4000 REVENUES & EXPENSES
4001 REVENUES
4600 CHARGES FOR SERVICES 9,000.00-1,804.00- 3,142.00-5,858.00- 34.91 |9,000.00-10,886.00- 120.96
4001 REVENUES 9,000.00-1,804.00-3,142.00-5,858.00-34.91 |9,000.00-10,886.00-120.96
6001 EXPENDITURES
6002 PERSONAL SERVICES 459,624.00 39,295.10 153,527.07 306,096.93 33.40 |433,712.46 145,625.45 33.58
6210 SUPPLIES 2,000.00 64.90 311.15 1,688.85 15.56 |2,000.00 1,067.14 53.36
6350 SERVICES & OTHER CHARGES 168,050.00 11,292.10 72,725.77 95,324.23 43.28 |132,660.00 36,843.82 27.77
6001 EXPENDITURES 629,674.00 50,652.10 226,563.99 403,110.01 35.98 |568,372.46 183,536.41 32.29
8001 OTHER INCOME
8200 MISC REVENUE |117.50-
8001 OTHER INCOME |117.50-
8501 OTHER EXPENSE
4000 REVENUES & EXPENSES 620,674.00 48,848.10 223,421.99 397,252.01 36.00 |559,372.46 172,532.91 30.84
130 HUMAN RESOURCES 620,674.00 48,848.10 223,421.99 397,252.01 36.00 |559,372.46 172,532.91 30.84
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 8
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
9Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
135 COMMUNITY DEVELOPMENT
4000 REVENUES & EXPENSES
4001 REVENUES
4100 LICENSES & PERMITS 12,000.00-1,280.00- 4,320.00-7,680.00- 36.00 |12,000.00-1,805.00- 15.04
4600 CHARGES FOR SERVICES 572,675.00- 45,610.41- 157,478.99- 415,196.01- 27.50 |553,028.63-151,040.40- 27.31
4001 REVENUES 584,675.00-46,890.41-161,798.99-422,876.01-27.67 |565,028.63-152,845.40-27.05
6001 EXPENDITURES
6002 PERSONAL SERVICES 1,019,147.00 117,551.78 455,440.64 563,706.36 44.69 |968,204.14 309,274.72 31.94
6210 SUPPLIES 3,000.00 112.14 310.69 2,689.31 10.36 |3,000.00 345.65 11.52
6300 NON-CAPITAL EQUIPMENT 1,000.00 1,000.00 |1,000.00
6350 SERVICES & OTHER CHARGES 57,750.00 496.88 3,110.05 54,639.95 5.39 |52,750.00 6,067.65 11.50
6001 EXPENDITURES 1,080,897.00 118,160.80 458,861.38 622,035.62 42.45 |1,024,954.14 315,688.02 30.80
8001 OTHER INCOME
8501 OTHER EXPENSE
4000 REVENUES & EXPENSES 496,222.00 71,270.39 297,062.39 199,159.61 59.86 |459,925.51 162,842.62 35.41
135 COMMUNITY DEVELOPMENT 496,222.00 71,270.39 297,062.39 199,159.61 59.86 |459,925.51 162,842.62 35.41
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 9
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
10Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
140 FACILITIES MAINTENANCE
4000 REVENUES & EXPENSES
4001 REVENUES
4600 CHARGES FOR SERVICES 8,200.00-8,200.00-|8,200.00-
5200 MISCELLANEOUS 15,000.00-1,250.00- 6,250.00-8,750.00- 41.67 |16,400.00-6,716.68- 40.96
4001 REVENUES 23,200.00-1,250.00-6,250.00-16,950.00-26.94 |24,600.00-6,716.68-27.30
6001 EXPENDITURES
6002 PERSONAL SERVICES 510,784.00 40,289.37 157,984.68 352,799.32 30.93 |484,355.24 153,231.14 31.64
6210 SUPPLIES 109,500.00 3,753.56 22,101.48 87,398.52 20.18 |110,500.00 17,483.22 15.82
6300 NON-CAPITAL EQUIPMENT 31,000.00 1,092.11 29,907.89 3.52 |30,000.00 1,705.16 5.68
6350 SERVICES & OTHER CHARGES 536,642.00 40,470.28 165,189.37 371,452.63 30.78 |539,512.00 180,187.39 33.40
6001 EXPENDITURES 1,187,926.00 84,513.21 346,367.64 841,558.36 29.16 |1,164,367.24 352,606.91 30.28
8001 OTHER INCOME
8501 OTHER EXPENSE
4000 REVENUES & EXPENSES 1,164,726.00 83,263.21 340,117.64 824,608.36 29.20 |1,139,767.24 345,890.23 30.35
140 FACILITIES MAINTENANCE 1,164,726.00 83,263.21 340,117.64 824,608.36 29.20 |1,139,767.24 345,890.23 30.35
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 10
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
11Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
145 TECHNOLOGY & SUPPORT SERVICES
4000 REVENUES & EXPENSES
4001 REVENUES
6001 EXPENDITURES
6002 PERSONAL SERVICES 566,679.00 58,649.42 227,837.99 338,841.01 40.21 |613,992.71 190,417.74 31.01
6210 SUPPLIES 31,200.00 1,385.95 6,138.48 25,061.52 19.67 |29,400.00 9,035.57 30.73
6300 NON-CAPITAL EQUIPMENT 2,300.00 446.04 1,006.14 1,293.86 43.75 |300.00
6350 SERVICES & OTHER CHARGES 860,660.00 56,781.60 241,710.60 618,949.40 28.08 |846,483.00 261,935.91 30.94
6001 EXPENDITURES 1,460,839.00 117,263.01 476,693.21 984,145.79 32.63 |1,490,175.71 461,389.22 30.96
8001 OTHER INCOME
8501 OTHER EXPENSE
8590 BANK CHARGES/CREDIT CD FEES 30.76 30.76-|
8501 OTHER EXPENSE 30.76 30.76-|
4000 REVENUES & EXPENSES 1,460,839.00 117,263.01 476,723.97 984,115.03 32.63 |1,490,175.71 461,389.22 30.96
145 TECHNOLOGY & SUPPORT SERVICES 1,460,839.00 117,263.01 476,723.97 984,115.03 32.63 |1,490,175.71 461,389.22 30.96
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 11
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
12Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
150 COMMUNICATIONS & MARKETING
4000 REVENUES & EXPENSES
4001 REVENUES
6001 EXPENDITURES
6002 PERSONAL SERVICES 173,932.00 6,796.57 26,376.91 147,555.09 15.17 |99,061.47 21,377.91 21.58
6210 SUPPLIES |93.16
6300 NON-CAPITAL EQUIPMENT |797.00
6350 SERVICES & OTHER CHARGES 113,850.00 14,861.81 57,241.52 56,608.48 50.28 |119,690.00 43,374.50 36.24
6001 EXPENDITURES 287,782.00 21,658.38 83,618.43 204,163.57 29.06 |218,751.47 65,642.57 30.01
8001 OTHER INCOME
8501 OTHER EXPENSE
8590 BANK CHARGES/CREDIT CD FEES 10.63 10.63 10.63-|
8501 OTHER EXPENSE 10.63 10.63 10.63-|
4000 REVENUES & EXPENSES 287,782.00 21,669.01 83,629.06 204,152.94 29.06 |218,751.47 65,642.57 30.01
150 COMMUNICATIONS & MARKETING 287,782.00 21,669.01 83,629.06 204,152.94 29.06 |218,751.47 65,642.57 30.01
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 12
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
14Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
160 POLICE
4000 REVENUES & EXPENSES
4001 REVENUES
4270 FINES & FORFEITS 302,600.00-63,590.68- 239,009.32- 21.01 |306,600.00-78,195.39- 25.50
4300 INTERGOVERNMENTAL 882,160.00- 26,613.58- 169,454.14- 712,705.86- 19.21 |841,075.15-205,707.97- 24.46
4600 CHARGES FOR SERVICES 110,300.00-7,354.25- 17,296.20- 93,003.80- 15.68 |119,300.00-36,712.43- 30.77
4001 REVENUES 1,295,060.00-33,967.83-250,341.02-1,044,718.98-19.33 |1,266,975.15-320,615.79-25.31
6001 EXPENDITURES
6002 PERSONAL SERVICES 6,185,321.00 525,796.23 2,050,602.43 4,134,718.57 33.15 |5,965,980.09 1,843,819.70 30.91
6210 SUPPLIES 155,300.00 8,291.40 25,668.68 129,631.32 16.53 |142,700.00 24,134.02 16.91
6300 NON-CAPITAL EQUIPMENT 33,550.00 537.05 4,774.80 28,775.20 14.23 |27,350.00 5,952.86 21.77
6350 SERVICES & OTHER CHARGES 552,343.00 31,074.37 92,577.18 459,765.82 16.76 |540,073.00 129,624.49 24.00
7800 CAPITAL OUTLAY |77.94-
6001 EXPENDITURES 6,926,514.00 565,699.05 2,173,623.09 4,752,890.91 31.38 |6,676,103.09 2,003,453.13 30.01
8001 OTHER INCOME
8070 OTHER RECOVERIES 2,000.00-197.66 183.34-1,816.66-9.17 |2,000.00-1,933.32- 96.67
8100 INTEREST |8,500.00-159.47- 1.88
8001 OTHER INCOME 2,000.00-197.66 183.34-1,816.66-9.17 |10,500.00-2,092.79-19.93
8501 OTHER EXPENSE
8580 MISC EXPENSE 500.00 500.00 |500.00 92.03 18.41
8590 BANK CHARGES/CREDIT CD FEES 100.00 12.68-12.68-112.68 12.68- |92.36
8501 OTHER EXPENSE 600.00 12.68-12.68-612.68 2.11-|500.00 184.39 36.88
4000 REVENUES & EXPENSES 5,630,054.00 531,916.20 1,923,086.05 3,706,967.95 34.16 |5,399,127.94 1,680,928.94 31.13
160 POLICE 5,630,054.00 531,916.20 1,923,086.05 3,706,967.95 34.16 |5,399,127.94 1,680,928.94 31.13
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 13
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
15Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
161 COMMUNITY OUTREACH - POLICE
4000 REVENUES & EXPENSES
4001 REVENUES
6001 EXPENDITURES
6002 PERSONAL SERVICES 73,127.00 6,273.28 24,506.63 48,620.37 33.51 |71,292.35 22,551.51 31.63
6210 SUPPLIES 1,100.00 21.38 1,078.62 1.94 |1,100.00
6350 SERVICES & OTHER CHARGES 9,756.00 43.48 4,890.41 4,865.59 50.13 |44,005.00 34,195.68 77.71
6001 EXPENDITURES 83,983.00 6,316.76 29,418.42 54,564.58 35.03 |116,397.35 56,747.19 48.75
8001 OTHER INCOME
8010 TRANSFERS IN 83,983.00-83,983.00-|83,797.00-
8001 OTHER INCOME 83,983.00-83,983.00-|83,797.00-
8501 OTHER EXPENSE
4000 REVENUES & EXPENSES 6,316.76 29,418.42 29,418.42-|32,600.35 56,747.19 174.07
161 COMMUNITY OUTREACH - POLICE 6,316.76 29,418.42 29,418.42-|32,600.35 56,747.19 174.07
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 14
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
16Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
165 FIRE PROTECTION
4000 REVENUES & EXPENSES
4001 REVENUES
4100 LICENSES & PERMITS 55,000.00-3,207.09- 9,638.96- 45,361.04- 17.53 |55,000.00-16,877.93- 30.69
4300 INTERGOVERNMENTAL 332,000.00-332,000.00-|298,024.00-
4600 CHARGES FOR SERVICES 4,000.00-60.00-555.00-3,445.00- 13.88 |5,500.00-765.00- 13.91
4001 REVENUES 391,000.00-3,267.09-10,193.96-380,806.04-2.61 |358,524.00-17,642.93-4.92
6001 EXPENDITURES
6002 PERSONAL SERVICES 2,712,378.00 224,444.26 860,854.86 1,851,523.14 31.74 |2,494,897.00 810,728.61 32.50
6210 SUPPLIES 93,648.00 2,102.12 46,472.49 47,175.51 49.62 |60,398.00 5,499.55 9.11
6300 NON-CAPITAL EQUIPMENT |1,700.00
6350 SERVICES & OTHER CHARGES 223,092.00 4,449.68 23,217.52 199,874.48 10.41 |199,527.00 67,640.65 33.90
6001 EXPENDITURES 3,029,118.00 230,996.06 930,544.87 2,098,573.13 30.72 |2,756,522.00 883,868.81 32.06
8001 OTHER INCOME
8200 MISC REVENUE |5.00-
8001 OTHER INCOME |5.00-
8501 OTHER EXPENSE
8550 INTEREST/FINANCE CHARGES |4.36
8501 OTHER EXPENSE |4.36
4000 REVENUES & EXPENSES 2,638,118.00 227,728.97 920,350.91 1,717,767.09 34.89 |2,397,998.00 866,225.24 36.12
165 FIRE PROTECTION 2,638,118.00 227,728.97 920,350.91 1,717,767.09 34.89 |2,397,998.00 866,225.24 36.12
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 15
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
17Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
170 INSPECTIONAL SERVICES
4000 REVENUES & EXPENSES
4001 REVENUES
4100 LICENSES & PERMITS 2,392,615.00- 188,964.65- 919,725.39- 1,472,889.61- 38.44 |2,347,200.00-843,406.76- 35.93
4600 CHARGES FOR SERVICES 800.00-70.00-616.00-184.00- 77.00 |800.00-15,566.91 1,945.86-
4001 REVENUES 2,393,415.00-189,034.65-920,341.39-1,473,073.61-38.45 |2,348,000.00-827,839.85-35.26
6001 EXPENDITURES
6002 PERSONAL SERVICES 1,771,747.00 142,641.52 573,921.49 1,197,825.51 32.39 |1,703,179.00 516,534.09 30.33
6210 SUPPLIES 11,500.00 559.57 2,277.66 9,222.34 19.81 |12,500.00 1,689.43 13.52
6350 SERVICES & OTHER CHARGES 69,627.00 2,569.20 13,963.01 55,663.99 20.05 |77,627.00 27,195.34 35.03
6001 EXPENDITURES 1,852,874.00 145,770.29 590,162.16 1,262,711.84 31.85 |1,793,306.00 545,418.86 30.41
8001 OTHER INCOME
8200 MISC RECEIPTS 110.00-190.00-190.00 |
8001 OTHER INCOME 110.00-190.00-190.00 |
8501 OTHER EXPENSE
8590 BANK CHARGES/CREDIT CD FEES |5,382.40
8501 OTHER EXPENSE |5,382.40
4000 REVENUES & EXPENSES 540,541.00-43,374.36-330,369.23-210,171.77-61.12 |554,694.00-277,038.59-49.94
170 INSPECTIONAL SERVICES 540,541.00-43,374.36-330,369.23-210,171.77-61.12 |554,694.00-277,038.59-49.94
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 16
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
18Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
175 PUBLIC WORKS - ADMINISTRATION
4000 REVENUES & EXPENSES
4001 REVENUES
4600 CHARGES FOR SERVICES |3,000.00-
4001 REVENUES |3,000.00-
6001 EXPENDITURES
6002 PERSONAL SERVICES 793,133.00 64,737.44 243,312.56 549,820.44 30.68 |766,936.63 252,647.19 32.94
6210 SUPPLIES 4,500.00 161.24 903.00 3,597.00 20.07 |5,000.00 1,038.55 20.77
6300 NON-CAPITAL EQUIPMENT 1,500.00 1,500.00 |2,000.00
6350 SERVICES & OTHER CHARGES 33,450.00 943.55 2,875.98 30,574.02 8.60 |25,650.00 7,515.12 29.30
6001 EXPENDITURES 832,583.00 65,842.23 247,091.54 585,491.46 29.68 |799,586.63 261,200.86 32.67
8001 OTHER INCOME
8501 OTHER EXPENSE
4000 REVENUES & EXPENSES 832,583.00 65,842.23 247,091.54 585,491.46 29.68 |796,586.63 261,200.86 32.79
175 PUBLIC WORKS - ADMINISTRATION 832,583.00 65,842.23 247,091.54 585,491.46 29.68 |796,586.63 261,200.86 32.79
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 17
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
19Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
176 PUBLIC WORKS - ENGINEERING
4000 REVENUES & EXPENSES
4001 REVENUES
4100 LICENSES & PERMITS 75,000.00- 12,500.00- 28,900.00- 46,100.00- 38.53 |48,000.00-30,900.00- 64.38
4600 CHARGES FOR SERVICES 330,000.00-330,000.00-|300,000.00-1,580.00- .53
4001 REVENUES 405,000.00-12,500.00-28,900.00-376,100.00-7.14 |348,000.00-32,480.00-9.33
6001 EXPENDITURES
6002 PERSONAL SERVICES 690,511.00 56,290.31 220,600.17 469,910.83 31.95 |660,469.39 211,267.89 31.99
6210 SUPPLIES 7,000.00 536.97 2,840.87 4,159.13 40.58 |6,800.00 1,106.93 16.28
6300 NON-CAPITAL EQUIPMENT 2,000.00 2,000.00 |1,600.00
6350 SERVICES & OTHER CHARGES 85,671.00 2,980.81 12,141.84 73,529.16 14.17 |76,433.00 24,874.82 32.54
7800 CAPITAL OUTLAY 1,285.08 1,285.08-|
6001 EXPENDITURES 785,182.00 59,808.09 236,867.96 548,314.04 30.17 |745,302.39 237,249.64 31.83
8001 OTHER INCOME
8501 OTHER EXPENSE
4000 REVENUES & EXPENSES 380,182.00 47,308.09 207,967.96 172,214.04 54.70 |397,302.39 204,769.64 51.54
176 PUBLIC WORKS - ENGINEERING 380,182.00 47,308.09 207,967.96 172,214.04 54.70 |397,302.39 204,769.64 51.54
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 18
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
20Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
177 PUBLIC WORKS - OPERATIONS
4000 REVENUES & EXPENSES
4001 REVENUES
4100 LICENSES & PERMITS 100.00-30.00-70.00- 30.00 |300.00-60.00- 20.00
4270 FINES & FORFEITS 400.00-60.00 708.00-308.00 177.00 |480.00-
4300 INTERGOVERNMENTAL 450,000.00-220,115.50- 229,884.50- 48.91 |430,000.00-223,272.50- 51.92
5200 MISCELLANEOUS |10,000.00-
4001 REVENUES 450,500.00-60.00 220,853.50-229,646.50-49.02 |440,300.00-223,812.50-50.83
6001 EXPENDITURES
6002 PERSONAL SERVICES 1,219,515.00 103,480.64 400,118.82 819,396.18 32.81 |1,189,579.99 395,603.07 33.26
6210 SUPPLIES 331,000.00 43,887.25 148,813.50 182,186.50 44.96 |305,500.00 98,172.90 32.14
6350 SERVICES & OTHER CHARGES 861,898.00 33,907.96 124,608.07 737,289.93 14.46 |800,583.00 179,552.39 22.43
6001 EXPENDITURES 2,412,413.00 181,275.85 673,540.39 1,738,872.61 27.92 |2,295,662.99 673,328.36 29.33
8001 OTHER INCOME
8501 OTHER EXPENSE
4000 REVENUES & EXPENSES 1,961,913.00 181,335.85 452,686.89 1,509,226.11 23.07 |1,855,362.99 449,515.86 24.23
177 PUBLIC WORKS - OPERATIONS 1,961,913.00 181,335.85 452,686.89 1,509,226.11 23.07 |1,855,362.99 449,515.86 24.23
01000 GENERAL FUND 3.00-1,529,525.93 5,502,186.92 5,502,189.92-**********|1.71-4,038,728.27 **********
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 19
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
21Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
02000 PARK AND RECREATION
200 ORGANIZED RECREATION
4000 REVENUES & EXPENSES
4001 REVENUES
4010 GENERAL PROPERTY TAXES 3,750,197.00-3,750,197.00-|3,540,854.00-
4300 INTERGOVERNMENTAL 44,702.00-44,702.00-|44,702.00-
4600 CHARGES FOR SERVICES 242,070.00- 20,700.10- 124,145.10- 117,924.90- 51.28 |242,870.00-109,223.25- 44.97
5200 MISCELLANEOUS 19,600.00-180.00-783.00- 18,817.00-3.99 |19,600.00-7,741.36- 39.50
4001 REVENUES 4,056,569.00-20,880.10-124,928.10-3,931,640.90-3.08 |3,848,026.00-116,964.61-3.04
6001 EXPENDITURES
6002 PERSONAL SERVICES 711,222.00 55,665.31 231,814.23 479,407.77 32.59 |685,781.00 209,707.33 30.58
6210 SUPPLIES 66,892.00 4,026.62 12,455.98 54,436.02 18.62 |69,832.00 9,929.34 14.22
6350 SERVICES & OTHER CHARGES 472,585.00 9,562.72 253,662.52 218,922.48 53.68 |467,741.00 250,658.93 53.59
6001 EXPENDITURES 1,250,699.00 69,254.65 497,932.73 752,766.27 39.81 |1,223,354.00 470,295.60 38.44
8001 OTHER INCOME
8100 INTEREST 1,600.00-1,600.00-|8,000.00-
8130 CONTRIBUTIONS/DONATIONS 13,100.00-13,100.00-|18,600.00-3,350.00- 18.01
8001 OTHER INCOME 14,700.00-14,700.00-|26,600.00-3,350.00-12.59
8501 OTHER EXPENSE
8590 BANK CHARGES/CREDIT CD FEES 67.03 67.03-|
8501 OTHER EXPENSE 67.03 67.03-|
4000 REVENUES & EXPENSES 2,820,570.00-48,374.55 373,071.66 3,193,641.66-13.23-|2,651,272.00-349,980.99 13.20-
200 ORGANIZED RECREATION 2,820,570.00-48,374.55 373,071.66 3,193,641.66-13.23-|2,651,272.00-349,980.99 13.20-
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 20
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
22Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
201 RECREATION CENTER
4000 REVENUES & EXPENSES
4001 REVENUES
4600 CHARGES FOR SERVICES 645,500.00- 79,869.28- 128,848.81- 516,651.19- 19.96 |642,500.00-88,169.47- 13.72
5200 MISCELLANEOUS 691,200.00- 61,168.59- 109,395.47- 581,804.53- 15.83 |678,200.00-170,409.34- 25.13
4001 REVENUES 1,336,700.00-141,037.87-238,244.28-1,098,455.72-17.82 |1,320,700.00-258,578.81-19.58
6001 EXPENDITURES
6002 PERSONAL SERVICES 765,999.00 41,789.75 178,129.97 587,869.03 23.25 |735,941.56 171,700.38 23.33
6210 SUPPLIES 167,100.00 9,183.51 29,691.71 137,408.29 17.77 |160,300.00 37,721.38 23.53
6300 NON-CAPITAL EQUIPMENT |4,832.97
6350 SERVICES & OTHER CHARGES 413,284.00 30,407.76 115,361.74 297,922.26 27.91 |411,358.00 110,570.11 26.88
7800 CAPITAL OUTLAY 12,000.00 12,000.00 |12,000.00 314.98- 2.62-
6001 EXPENDITURES 1,358,383.00 81,381.02 323,183.42 1,035,199.58 23.79 |1,319,599.56 324,509.86 24.59
8001 OTHER INCOME
8501 OTHER EXPENSE
4000 REVENUES & EXPENSES 21,683.00 59,656.85-84,939.14 63,256.14-391.73 |1,100.44-65,931.05 5,991.34-
201 RECREATION CENTER 21,683.00 59,656.85-84,939.14 63,256.14-391.73 |1,100.44-65,931.05 5,991.34-
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 21
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
23Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
202 PARK MAINTENANCE
4000 REVENUES & EXPENSES
4001 REVENUES
4100 LICENSES & PERMITS 1,175.00- 3,375.00-3,375.00 |3,250.00-
4600 CHARGES FOR SERVICES 8,700.00-439.00 687.00 9,387.00-7.90- |8,700.00-3,012.85- 34.63
5200 MISCELLANEOUS 11,600.00-1,308.00- 3,374.00-8,226.00- 29.09 |10,600.00-8,292.00- 78.23
4001 REVENUES 20,300.00-2,044.00-6,062.00-14,238.00-29.86 |19,300.00-14,554.85-75.41
6001 EXPENDITURES
6002 PERSONAL SERVICES 961,356.00 76,382.76 302,020.50 659,335.50 31.42 |933,626.73 302,313.83 32.38
6210 SUPPLIES 88,700.00 6,842.33 26,681.55 62,018.45 30.08 |88,700.00 28,101.62 31.68
6300 NON-CAPITAL EQUIPMENT 4,000.00 508.80 3,491.20 12.72 |4,000.00 2,158.76 53.97
6350 SERVICES & OTHER CHARGES 316,462.00 22,602.28 78,631.37 237,830.63 24.85 |300,055.00 101,944.88 33.98
7800 CAPITAL OUTLAY 7,000.00 7,000.00 |7,000.00 30.27- .43-
6001 EXPENDITURES 1,377,518.00 105,827.37 407,842.22 969,675.78 29.61 |1,333,381.73 434,488.82 32.59
8001 OTHER INCOME
8501 OTHER EXPENSE
8580 MISC EXPENSE |95.75
8590 BANK CHARGES/CREDIT CD FEES |4,039.56
8501 OTHER EXPENSE |4,135.31
4000 REVENUES & EXPENSES 1,357,218.00 103,783.37 401,780.22 955,437.78 29.60 |1,314,081.73 424,069.28 32.27
202 PARK MAINTENANCE 1,357,218.00 103,783.37 401,780.22 955,437.78 29.60 |1,314,081.73 424,069.28 32.27
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 22
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
24Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
203 WESTWOOD HILLS
4000 REVENUES & EXPENSES
4001 REVENUES
4600 CHARGES FOR SERVICES 80,150.00- 14,157.25- 38,481.55- 41,668.45- 48.01 |78,700.00-40,963.60- 52.05
5200 MISCELLANEOUS |274.50-
4001 REVENUES 80,150.00-14,157.25-38,481.55-41,668.45-48.01 |78,700.00-41,238.10-52.40
6001 EXPENDITURES
6002 PERSONAL SERVICES 404,679.00 30,238.88 126,000.95 278,678.05 31.14 |394,252.59 128,350.73 32.56
6210 SUPPLIES 22,650.00 1,940.00 5,028.54 17,621.46 22.20 |22,300.00 4,826.58 21.64
6350 SERVICES & OTHER CHARGES 39,349.00 1,498.69 9,103.76 30,245.24 23.14 |35,532.00 9,911.38 27.89
6001 EXPENDITURES 466,678.00 33,677.57 140,133.25 326,544.75 30.03 |452,084.59 143,088.69 31.65
8001 OTHER INCOME
8130 CONTRIBUTIONS/DONATIONS 703.00- 1,803.00-1,803.00 |3,511.42-
8001 OTHER INCOME 703.00-1,803.00-1,803.00 |3,511.42-
8501 OTHER EXPENSE
8590 BANK CHARGES/CREDIT CD FEES |263.20
8501 OTHER EXPENSE |263.20
4000 REVENUES & EXPENSES 386,528.00 18,817.32 99,848.70 286,679.30 25.83 |373,384.59 98,602.37 26.41
203 WESTWOOD HILLS 386,528.00 18,817.32 99,848.70 286,679.30 25.83 |373,384.59 98,602.37 26.41
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 23
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
25Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
204 ENVIRONMENT
4000 REVENUES & EXPENSES
4001 REVENUES
4600 CHARGES FOR SERVICES 81,750.00-25.00- 4,938.15- 76,811.85-6.04 |69,450.00-67,424.37- 97.08
4001 REVENUES 81,750.00-25.00-4,938.15-76,811.85-6.04 |69,450.00-67,424.37-97.08
6001 EXPENDITURES
6002 PERSONAL SERVICES 99,297.00 9,645.34 37,044.98 62,252.02 37.31 |96,662.52 20,457.35 21.16
6210 SUPPLIES 17,900.00 358.46 4,749.64 13,150.36 26.53 |13,600.00 1,042.66 7.67
6300 NON-CAPITAL EQUIPMENT 500.00 500.00 |500.00
6350 SERVICES & OTHER CHARGES 171,285.00 2,728.15 68,684.68 102,600.32 40.10 |165,835.00 69,308.41 41.79
6001 EXPENDITURES 288,982.00 12,731.95 110,479.30 178,502.70 38.23 |276,597.52 90,808.42 32.83
8001 OTHER INCOME
8130 CONTRIBUTIONS/DONATIONS 2,000.00 2,000.00 |2,000.00
8001 OTHER INCOME 2,000.00 2,000.00 |2,000.00
8501 OTHER EXPENSE
4000 REVENUES & EXPENSES 209,232.00 12,706.95 105,541.15 103,690.85 50.44 |209,147.52 23,384.05 11.18
204 ENVIRONMENT 209,232.00 12,706.95 105,541.15 103,690.85 50.44 |209,147.52 23,384.05 11.18
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 24
5/22/2008CITY OF ST LOUIS PARK 9:37:01R5509FIN1 LOGIS005
26Monthly Financial Report Page -By Co, Dept (pb), Object
2008
20084/30/2008 <==========================================>20072008
Description
Annual
Budget
Current
Period
YTD
Actual
Budget
Balance
Per Cent
Used
|
|
Prior Year
Budget
Same Period Prior
Year YTD Actual
Per Cent
Used
205 VEHICLE MAINTENANCE
4000 REVENUES & EXPENSES
4001 REVENUES
4300 INTERGOVERNMENTAL 11,700.00-11,700.00-|11,700.00-
4600 CHARGES FOR SERVICES |35,000.00-17,871.73- 51.06
5200 MISCELLANEOUS 100,661.00-100,661.00-|100,661.00-
4001 REVENUES 112,361.00-112,361.00-|147,361.00-17,871.73-12.13
6001 EXPENDITURES
6002 PERSONAL SERVICES 461,301.00 38,721.47 159,581.35 301,719.65 34.59 |440,063.73 141,615.31 32.18
6210 SUPPLIES 432,050.00 41,896.83 190,099.39 241,950.61 44.00 |414,100.00 157,080.48 37.93
6350 SERVICES & OTHER CHARGES 130,939.00 11,237.01 58,588.24 72,350.76 44.74 |140,210.00 56,782.00 40.50
6001 EXPENDITURES 1,024,290.00 91,855.31 408,268.98 616,021.02 39.86 |994,373.73 355,477.79 35.75
8001 OTHER INCOME
8010 TRANSFERS IN 75,000.00-75,000.00-|100,000.00-
8001 OTHER INCOME 75,000.00-75,000.00-|100,000.00-
8501 OTHER EXPENSE
8510 TRANSFERS OUT 8,981.00 8,981.00 |8,745.73 2,915.32 33.33
8550 INTEREST/FINANCE CHARGES 31.22 31.22 31.22-|
8590 BANK CHARGES/CREDIT CD FEES 31.82 31.82-|
8501 OTHER EXPENSE 8,981.00 31.22 63.04 8,917.96 .70 |8,745.73 2,915.32 33.33
4000 REVENUES & EXPENSES 845,910.00 91,886.53 408,332.02 437,577.98 48.27 |755,758.46 340,521.38 45.06
205 VEHICLE MAINTENANCE 845,910.00 91,886.53 408,332.02 437,577.98 48.27 |755,758.46 340,521.38 45.06
02000 PARK AND RECREATION 1.00 215,911.87 1,473,512.89 1,473,511.89-*********|.14-1,302,489.12 **********
Meeting of May 27, 2008 (Item No. 5)
Subject: April 2008 Monthly Financial Reports Page 25
Meeting Date: May 27, 2008
Agenda Item #: 6
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Fire Station Site Acquisition Process Update.
RECOMMENDED ACTION:
No action is required. This report is provided to keep the Council informed of actions staff is taking
relative to the fire station project. If you should have questions or concerns regarding this matter,
please contact staff.
POLICY CONSIDERATION:
Beginning the acquisition process for the replacement/expansion of Fire Station #1 at this time does
two things. It ensures that the City will have land for construction of a new fire station when it is
needed; and, it is the least disruptive and most considerate way to work with the impacted property
owners.
BACKGROUND:
While final decisions about the exact location, design and timing of new fire stations has not been
made, the City Council has concurred that staff should continue to pursue a new station at the
current location of Station #1 (Wooddale Avenue and Oxford Street). Construction of a new fire
station at the Station #1 location will require additional land. Three parcels directly south of Station
#1 were identified for potential expansion of the station site. The parcels are 5724 Goodrich
Avenue, 5718 Goodrich Avenue and 3764 Wooddale Avenue.
The Fire Chief and Community Development Director met individually with each of the property
owners prior to the Elmwood Neighborhood meeting April 9, 2008. During those meetings one of
the property owners expressed interest in selling their property; and, all three expressed a willingness
to work with the city. Since the April meetings a second property owner has also expressed interest in
selling.
The ideal time for the City to acquire land is when property owners have an interest in selling. To
that end it is timely for the City to begin the land acquisition process for the future expansion of the
station #1 site. To manage and facilitate the acquisition process the City is contracting with an
acquisition/relocation specialist. They will work with the property owners, secure appraisals and
review appraisals; and, ensure that all the required acquisition and relocation rules and regulations
are followed.
Meeting of May 27, 2008 (Item No. 6) Page 2
Subject: Fire Station Site Acquisition Process Update
FINANCIAL OR BUDGET CONSIDERATION:
The cost for the services is $10,900. We intend to begin immediately. Once the acceptable terms
are reached with any or all three of the properties, purchase agreements will be brought to the City
Council for approval. Ultimately the cost of the acquisition services and actual property purchases
will be funded from the overall fire station project financing.
VISION CONSIDERATION:
None.
Attachments: None.
Prepared by: Kevin Locke, Community Development Director
Approved by: Tom Harmening, City Manager