2016.05.24 WS Packet Combined - Laserfiche WebLink

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General Fund (Continued) Property tax collection increase from 2014 includes the levied increase of $130,700 along with a $92,850 pending petition filed in 2014. Licenses and permits revenue increased due to the development of the Exchange and storm related events. Intergovernmental revenue exceeded 2014 results and was over budget as a result of the DUI grant and joint powers agreement with St. Anthony for code inspections. Charges for service shows a decrease from 2014 and under budget due to not charging engineering services to the street reconstruction fund and reduced TIF administration fees totaling $332,000. Revenue differences over budgeted amounts include $29,800 from the NB Aquatics program, $53,800 in recreation programming, and $33,600 in community center programs. Fines and forfeitures increased due to increased DUI enforcement and vehicle forfeiture collections. Interest on investments were lower than budgeted and 2014 actual do lower interest rates, along with the added costs for a safekeeping agent and investment managers. The fair value of investments as of December 31, 2014 increased significantly from the huge decline in 2013. As of December 31, 2015 the fair value of the investments was slightly lower than in 2014. This active is due to accounting principles that require the City to adjust investments held to market value at year end. Rents increased due to the addition of a temporary tower lease by CSI and the deposit of reimbursements for professional services and staff time related to tower leases. Contributions and donations increased due to a Metro North Tourism Grant and are over budget due to unbudgeted public safety programming such as the Santa cop program. General government costs increased by 5% largely due to legal costs and increased employee hours in the license bureau. General government shows $28,700 lower than budget due primarily to vacancies in the finance department. Community development costs increased 6.7% partly due to the reclassification of an office assistant from general government and increased recycling costs. A positive budget to actual variance exists due to a departmental restructuring. Parks and recreation increased by 4.5% due to the increase in FTE's in forestry, recreation, and the community center, as well as costs for emerald ash borer treatments. Public Safety costs increased by 7.1% due to the addition of the DUI grant and the purchase of the Records Management System. Actual exceed budgeted amounts by $110,204 due to the inclusion of unbudgeted public safety grants and programs such as Santa cop. Public Works decreased by 11.2% mainly due to departmental restructuring and reduced fuel prices. The positive budget variance was due to position vacancies.