ITEM 1 attachmentGeneral Fund Summary
(With Staff Additions)
City of Otsego
General Fund Budget
for the year ending December 31, 2016
2013 2014 2015 2016 Proposed 2016
Actual Actual Adopted Proposed" Adjustments Revised
Revenues:
Taxes
3,366,010
3,321,316
3,334,000
3,499,950
44,402
3,544,352 (Includes $15,000 Penalties and Interest)
Licenses and Permits
830,076
1,238,823
592,000
622,350
19,215
641,565 Bldg Permit Revenue
Intergovernmental Revenue
217,630
337,779
323,122
343,590
-
343,590
Charges for Service
38,321
192,168
50,700
57,000
57,000
Interest Revenue
(4,766)
37,427
95,000
50,000
50,000
Cable Franchise Fees
83,681
120,964
105,000
107,000
107,000
Other Revenues
72,924
58,815
149,047
133,755
3,000
136,755 39200 Transfer In for mowing at Utility locations
TOTAL Revenues:
4,603,876
5,307,292
4,648,869
4,813,645
66,617
4,880,262
Expenditures:
General Government
City Council
44,216
52,853
82,317
96,838
96,838
Administration
339,696
405,229
415,273
438,225
438,225
Elections
1,486
25,672
745
29,825
29,825
Assessor
67,463
72,517
74,700
76,941
76,941
Finance
242,381
318,213
342,703
341,431
341,431
Legal
78,996
101,013
82,000
86,000
86,000
Information Technology
22,760
40,926
66,300
71,000
71,000
City Hall
71,270
82,267
82,063
82,851
82,851
Planning
70,016
92,152
68,500
91,500
3,000
94,500 45300-360 $1,500 Conf.; 46530-360 $1.500 Conf.
Building Inspection
181,882
189,193
229,723
253,333
253,333 $19,215 PT Staff included
Subtotal: General Government:
1,120,166
1,380,035
1,444,324
1,567,944
3,000
1,570,944
Public Safety:
Police
882,601
912,365
941,700
978,200
978,200
Police Commission
1,399
605
1,350
1,350
1,500
2,850 Conferences for 2 Commissioners
Fire
365,873
377,926
454,560
497,462
497,462
Emergency Management
2,950
1,413
7,450
6,900
6,900
Animal Control
11,058
14,610
11,300
12,500
12,500
Subtotal: Public Safety:
1,263,881
1,306,919
1,416,360
1,496,412
1,500
1,497,912
Public Works:
Streets
678,991
620,483
681,123
687,030
687,030
Engineering
160,825
92,876
85,000
85,000
85,000
Street Lights
109,667
111,465
114,100
115,968
115,968
Fleet Maintenance
148,131
190,113
187,260
207,502
207,502
Subtotal: PublicWorks
1,097,614
1,014,937
1,067,483
1,095,500
-
1,095,500
Culture & Recreation
Park Maintenance
166,490
293,212
343,851
382,956
3,000
385,956 FT Staff $29,412 included; 210 Op Supplies $3,000
Recreation
115,471
139,020
128,927
159,230
(7,000)
152,230 PT Staff $17,019 included; Delete warming house
staff $2,800; Delete warning house rental $4,200
Prairie Center
20,220
26,968
35,622
33,877
33,877
Subtotal: Culture & Recreation:
302,181
459,200
508,400
576,063
(4,000)
572,063
Economic Development
3,286
4,095
14,100
14,300
14,300
TOTAL Expenditures:
3,787,128
4,165,186
4,450,667
4,750,219
128,090
4,878,309
Transfers Out/(In) Net
-
339,457
-
127,590
127,590 Transfer Out LGA
NET GENERAL FUND:
816,748
1,481,563
198,202
63,426
(61,473)
1,953
LGA Transfer
127,588
Balance without LGA
(64,162)
" Includes requested staff additions of $76,148
9/14/2015 12:11 PM
Proposed Levy Certification
STATE of MINNESOTA
Return by: September 30, 2015
COUNTY of WRIGHT
City Taxes Voted
CITY of OTSEGO
To the AUDITOR of Wright County: I hereby certify that the Council for the City of Otsego, County of Wright, Minnesota, did at a meeting on
September 28th, 2015, levy the
following amount to be raised by taxation for the City of Otsego for the payable year 2016.
2015 Final 2016 Proposed
2015 1 2015 1
2015 1 2015 1 2016 1 2016 1 2016 1
2016
Budget
Other Tax Budget Other
Certified
Requirement ; LGA 1
Resources Levy # Fund Requirement LGA Resources
Levy
4 648,869i 123,947;
1,205,922i 3,319,OOOi 5 Revenue 4,877,807; 127,588; 1,220,8671
3,529,352
145 OOOi i
145 000 7 Fire Protection 150,0001
150,000
53,0001
53,000
11
Parks Capital
54,5901.
54,590
1,389,4991779,4991
610,0001
19
Debt Service
4,449,6081 ; 3,809,6081
640,000
411,0001 91,0001
320,0001.
20
Pavement Mgmt i
339,2001
339,200
23,0001
23,0001
37
Tax Abatement
88,814;
88,814
25,0001 ;
25,000;
41
Storm Sewer
25,000;
25,000
F 597 000 } 431,0001
160,000i
73
Public Facilities
168,0001
168,000
91 nnni i
25.000;
76
Trail Mamt
25,2501 I i
25,250
7,317,368 123,947 2,513,421 4,680,000;
Market Value Based Referendum Levy $
* Do not include any Disparity Reduction Aid or Fiscal Disparity taxes.
Dated this 29th day of September, 2015.
Total I
1 10,
27,5881 5,030,475
Tami Loff, Clerk/Treasurer
CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2015-XX
RESOLUTION SETTING A PRELIMINARY PROPERTY
TAX LEVY FOR TAXES PAYABLE IN 2016
WHEREAS, the Otsego City Council is required by State Statute to establish a preliminary tax levy for taxes
payable in 2016 by September 30, 2015 and certify the preliminary tax levy to the Wright County Auditor;
and
WHEREAS, the Otsego City Council has reviewed the City's anticipated expenditures for funds using
property tax proceeds in 2016; and
WHEREAS, the Otsego City Council has considered projected revenues for funds using property tax
proceeds in 2016; and
WHEREAS, revenues from sources other than property taxes are not sufficient to meet the anticipated
expenditures of said funds; and
WHEREAS, the debt levies have been adjusted or cancelled based on revenue collections and projections.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO,
MINNESOTA:
1. That the following amounts are the maximum to be levied as property taxes payable in 2016 for the
following purposes:
General Government
Tax Abatement
GO Improvement Bonds, 2010B
GO Improvement Bonds, 201 OD
GO Improvement Bonds, 2011A
Total Tax Levy
$4,291,392
88,814
415,000
105,097
119,903
5 020 206
ADOPTED by the Otsego City Council this 28th day of September, 2015.
1
ATTEST:
CITY OF OTSEGO
Jessica Stockamp, Mayor
Tami Loff, City Clerk
MOTION made by Council Member and SECONDED by Council Member
IN FAVOR:
OPPOSED:
July31, 2015
CITY OF OTSEGO
RE: Bond Register/Debt Levy Supplement
(A) (B) (C)
A-B=C
BOND
ISSUED
ORIGINAL
PRINCIPAL
DATE
ISSUED
DEBT LEVY PER
BONDRESOLUTION
FOR PAY 2016
ADDITIONS OR
REDUCTIONSTO
LEVIED AMOUNT
CERTIFIED
DEBT LEVY
2016
G.O. IMPROVEMENT CROSSOVER REFUNDING BONDS, SERIES2012A
1,400,000
3/14/2012
29,310
(29,310)
G.O. IMPROVEMENT CROSSEVER REFUNDING BONDS, SERIES 2011A
4,640,000
12/21/2011
282,426
(162,523)
119,903
G.O. IMPROVEMENT REFUNDING BONDS, SERIES 2010D
1,220,000
11/30/2010
105,097
105,097
G.O. WATER & SEWER REVENUE REFUNDING BONDS, SERIES 2010C
21,300,000
11/30/2010
G.O. CAPITAL IMPROVEMENT PLAN REFUNDING BONDS, SERIES 2010B
3,705,000
11/30/2010
517,569
(102,568)
415,000
G.O. EQUIPMENT CERTIFICATES OF INDEBTEDNESS, SERIES 2010A
385,000
1/28/2010
52,159
(52,159)
G.O. WATER & SEWER REVENUE REFUNDING BONDS, SERIES 2009A
6,360,000
12/1/2009
G.O. IMPROVEMENT BONDS, SERIES 2007B
680,000
11/1/2007
TOTAL
986,560
-346,560
640,000
I hereby certify that the above schedule of bond levies to be spread on payable 2016 tax rolls agrees with
your records and is true and correct. Copies of any resolutions which increase or reduce these levies
are attached.
Please sign and date, then return to the Wright County Auditor/Treasurer's Office with your Levy Certification.
Wt.
Sincerely,
Rd,e %,'llaaa
Robert J. Hiivala
CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2015-XX
RESOLUTION REDUCING THE PROPERTY TAX LEVY FOR
TAXES PAYABLE IN 2016 FOR DEBT SERVICE
WHEREAS, the Wright County Auditor's records show the original debt levies pledged by the City Council
at the time of sale as follows:
GO Improvement Bonds, 2012A
GO Improvement Bonds, 201 IA
GO Improvement Bonds, 201OD
GO Improvement Bonds, 2010B
GO Improvement Bonds, 2010A
TOTAL RECORDED LEVY
$29,310
282,426
105,097
517,569
52,159
986 560 ;and
WHEREAS, the City of Otsego has, in its most recent audited financial statement, recorded cash in excess of
reserve requirements in the Debt Sinking Funds maintained for these bonds; and
WHEREAS, the Otsego City Council has considered restructuring of the Pay 2016 property tax levy such
that the above amounts may be reduced by use of a portion of the excess funds available, in turn reducing the
property tax levy for Pay 2016; and
WHEREAS, the debt levies have been adjusted or cancelled based on revenue collections, cash balances
reported and projections.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO,
NUNNESOTA:
1. That the following amounts are approved adjusted property tax levies to be levied as property taxes
payable in 2016 for debt service purposes:
GO Improvement Bonds, 2012A $0
GO Improvement Bonds, 2011A 119,903
GO Improvement Bonds, 201 OD 105,097
GO Improvement Bonds, 2010B 415,000
GO Improvement Bonds, 2010A 0
TOTAL LEVY FOR DEBT SERVICE 640 000
2. That these debt service property tax levy adjustments are applicable to taxes payable for 2015 only
and that any future changes in levy will be adopted at such time as is proper and prudent.
ADOPTED by the Otsego City Council this 28th day of September, 2015.
MOTION made by Council Member
IN FAVOR:
OPPOSED:
2
ATTEST:
CITY OF OTSEGO
Jessica Stockamp, Mayor
Tami Loff, City Clerk
and SECONDED by Council Member
City Name:
Truth in Taxation Public Hearing Dates
Otsego
Contact Person: Adam Flaherty, Finance Director Phone: (763) 235-3161
Public Hearing
Date: Monday, December 14th, 2015
Time: 7:00 p.m.
Listed below is prior year data for (1) the location of the public hearing, (2) the phone number
to be published and (3) the mailing address for written responses. Please review these
and either confirm that they are still accurate or make the necessary changes.
OK OR I New Information
1. Location: Otsego Prairie Center
8899 Nashua Ave NE
Otsego, MN 55330
OK OR New Information
2. Phone Number: (763) 441-4414
OK OR New Information
3. Mailing Address: City of Otsego
13400 90th St NE
Otsego, MN 55330
Please return this completed form no later than SEPTEMBER 30, 2015 by email to:
karen.labo@co.wright.mn.us OR mail the completed form to:
Wright County Aud/Treas Dept., 10 2nd St NW Room 230, Buffalo, MN 55313
Attention: Karen Labo