2017.05.09 WS Agenda C - Laserfiche WebLink

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General Fund (Continued) • Property tax collection increase from 2015 includes the levied increase of $267,000 plus the collection of delinquent taxes minus $99,856 in tax petitions awarded in 2016. • Franchise taxes is under budget due to the delay in starting the Xcel Energy percentage increases in March of 2016. • Licenses and permits revenue decreased due to the Exchange activity of the APi development in 2015 versus Pulte’s single family homes and town homes in 2016. • Intergovernmental revenue exceeded 2015 results primarily due to increases in LGA aid, Police State Aid, Safe & Sober grant revenue, and the joint powers agreement with St. Anthony for code inspections. State Police Aid received was over the budgeted amount by $44,700 along with $19,500 from the above mentioned St. Anthony joint powers agreement. Per the new pension requirements of GASB 68, an unbudgeted police revenue of $26,100 was recorded as a PERA Aid to offset the new required pension expense. • Charges for service shows an increase from 2015 and under budget primarily due to charging $150,000 of the $200,000 budgeted for engineering services to the street reconstruction fund in 2016. • Interest on investments were higher than 2015 and over budget due to the long term investment strategies applied by our investment managers. The fair value of the City’s investments as of December 31, 2016 were higher than 2015 by an additional $25,700 due to an interest rate increase in December of 2016. • Rents decreased in 2016 as a result of an accounting coding process in the tower rental where professional services and staff time reimbursements were recorded as revenue in 2015. • Miscellaneous revenue increased over 2015 and is over budget due to increased use of the purchasing card rebate program. • Contributions and donations are over budget due to unbudgeted grant donations such as the North Metro Tourism Grant and public safety donations such as police explorers. • General government costs increased by 9% largely due to the presidential election costs and increased staffing in the License Bureau. General government shows $15,500 lower than budget due primarily to vacant positions in the License Bureau. • Community development shows a decrease of 2.4% in 2016. This is due to added personnel costs incurred in 2015 which occurred during the departmental restructuring process. • Parks and recreation increased by 2.5% primarily due to increases in personnel costs, playground surfacing in Hansen & Silver Oaks Parks, as well as increased EAB treatments. Though there were increased personnel costs from 2015, seasonal personnel costs were under budget and energy savings were recognized from the new HVAC unit which were the primary reasons the department came in under budget. • Public Safety’s expenditures compared to 2015 increased by 1% while actual expenditures came in under budget by .3%. • Public Works decrease of 5% from 2015 and positive budget variance are mainly due to personnel vacancies and reduced fuel prices.