HomeMy WebLinkAboutCity Council Packet 11-24-2015 SpecialSpecial Council Meeting 1 of 1 November 24, 2015
CITY OF PLYMOUTH
AGENDA
SPECIAL COUNCIL MEETING
NOVEMBER 24, 2015, 5:30 p.m.
MEDICINE LAKE CONFERENCE ROOM
1. CALL TO ORDER
2. TOPICS
A. 2016/2017 Budget
B. Set Future Study Sessions
3. ADJOURN
REGULAR
COUNCIL MEETING
November 24, 2015
Agenda
Number: 2A
To: Dave Callister, City Manager
Prepared by: Jodi Bursheim, Finance Manager
Reviewed by: Luke Fischer, Administrative Services Director
Item: 2016-2017 Budget
1. ACTION REQUESTED:
Review overall budget and levy status and provide staff direction for the final 2016 tax levy
which will be considered for certification on December 8th, 2015.
2. BACKGROUND:
Staff began preparing the 2016/2017 biennial budget in early 2015. Council provided direction to
staff at the May 12, 2015 study session to develop a budget that could be supported with a levy
increase between 3%-5%.
Departments developed budgets throughout June and July. At the end of July, the City Manager and
budget team held departmental meetings to review line item detail.
The Council then held three study sessions to review budget materials and agreed upon a
preliminary levy increase of 2.99% which was adopted on September 8th.
The preliminary levy of $31,272,903 includes a 2% increases to each of the following: Street
Reconstruction, Park Replacement and the Capital Improvement Fund. In addition, it includes
an increase in the Recreation Fund levy of 5.19%, though this remains below the 2009 level of
678,497. The HRA levy increased by $10,000, which will be the first year that it has increased
since 2009. It is important to note that the increase includes a full 2015A open space debt levy
whereas last year included only a partial year).
Since the preliminary levy was adopted, staff continued to refine the budget resulting in a reduction
of expenses of $75,154 to the overall budget. The majority of the change was the result of the
removal of a vacant position in the Solid Waste Fund of $65,913. In addition, the Recreation fund
reduced both revenues and expenditures by $9,000 for a program that was duplicated in
projections. The remaining changes were minor changes to programs or account categories with an
overall impact of less than $250.
As it relates to personnel expense, staff continues to work through contract negotiations and
insurance renewal rates, however no additional adjustments have been made to the budget at this
time. Any additional impacts resulting from those two items will be presented to Council
separately.
Page 1
At this point in time, the proposed 2016 budget is balanced for an overall 2016 budget of
81,956,318 including a General fund budget of $36,495,461.
In previous budget sessions, Council has received binders with information to support the proposed
budget. Please bring these materials to this budget session.
The preliminary levy was certified to the County by the statutory deadline of September 15,
2015. The final levy must be certified in December and it may not be increased from the
preliminary levy, but Council could choose to reduce it. Staff is seeking approval to finalize the
budget in preparation of the upcoming meeting on December 8th.
3. BUDGET IMPACT:
Upon direction from Council, further adjustments will be made to the proposed budget and a
final budget and levy will be presented on December 8th, 2015.
4. ATTACHMENTS:
Budget Calendar
Preliminary 2016 and 2017 Tax Levy
General Fund Budget by Department
Budgeted Revenues & Expenditures by Fund
Permit Analysis
Permit Comparison
Page 2
BUDGET PROCESS
Budget Calendar
2016-2017 Biennial Budget Preparation & 5-yr Capital Improvement Plan
Date Category Description
May 12, 2015 Budget Council Study Session (Budget meeting #1 –Overview)
May 18, 2015 Budget Departments receive budget instruction
May 18 – July 8, 2015 Budget Departments prepare budgets
July 8, 2015 Budget Budgets submitted to Finance
August 7, 2015 Budget Council receives Budget draft for upcoming meeting
August 18, 2015 Budget &CIP Council Study Session (Budget & CIP meeting #2)
August 25, 2015 Budget Council Study Session (Budget meeting #3) If needed
September 8, 2015 Budget Council adopts preliminary levies & budget (Budget meeting #4)
October 7, 2015 CIP Planning Commission public hearing
November 10, 2015 Budget Council Study Session (Budget meeting #5) Meeting date changed
November 24, 2015 Budget Council Study Session (Budget meeting #5)
December 8, 2015 Budget/CIP Budget Public Hearing, CIP, Budget & Levy Adoption
December 28, 2015 Budget Levy is certified with Hennepin County
February – July 2016 Budget Staff reviews and evaluates programs/activities
August – September 2016 Budget Budget team reviews departmental budgets
September 13, 2016 Budget Council adopts preliminary property tax levies & budget
December 13, 2016 Budget/CIP Budget Public Hearing, CIP, Budget & Levy Adoption
December 26, 2016 Budget Levy is certified with Hennepin County
Page 3
Levy Type 2013 2014
Increase /
Decrease
over 2013 2015
Increase /
Decrease over
2014 Proposed 2016
Increase /
Decrease over
2015
Proposed
2017
Increase /
Decrease
over 2016
Levy Base
General Fund Base 23,466,633 23,973,179 24,347,000 1.56%25,278,373 3.83%26,603,069 5.24%
StreetReconstruction 2,766,605 2,849,603 2,906,595 2.00%2,964,727 2.00%3,024,021 2.00%
Recreation Fund 559,480 567,604 571,989 0.77%601,665 5.19%631,674 4.99%
Park Replacement 330,000 339,900 346,698 2.00%353,632 2.00%360,705 2.00%
CapitalImprovement Fund 391,432 403,175 411,239 2.00%419,463 2.00%427,853 2.00%
Total Levy Base 27,514,150 28,133,461 2.25%28,583,521 1.60%29,617,860 3.62%31,047,322 4.83%
Special Levies
GO2004A/2012A Public Safety 601,053 565,793 566,003 0.04%563,903 -0.37%561,488 -0.43%
GO2007A OpenSpace 253,255 252,205 250,958 -0.49%
GO2010A OpenSpace 265,716 267,291 263,511 -1.41%268,341 1.83%267,606 -0.27%
2015A Open Space 150,000 261,522 74.35%268,347 2.61%
Total Special Levies 1,120,024 1,085,288 -3.10%1,230,472 13.38%1,093,766 -11.11%1,097,441 0.34%
TOTAL CITYLEVY 28,634,174 29,218,749 2.04%29,813,993 2.04%30,711,626 3.01%32,144,763 4.67%
HRA Levy 551,277 551,277 551,277 561,277 571,379
TOTAL LEVY $29,185,451 $29,770,026 2.00%$30,365,270 2.00%$31,272,903 2.99%$32,716,142 4.61%
CITY OF PLYMOUTH PROPERTY TAX LEVIES
DEFEASED
11/19/2015 Page 4
Fund Department Actual 2014
Budget
Amended 2015
Budget
Proposed 2016
Budget
Proposed 2017
Budget
Variance %
2015-2016
Budget
Variance %
2016-2017
General Fund Revenues 10 City Administration (24,658,510)(24,870,792)(26,837,376)(28,198,712)7.9 %5.1 %
20 Administrative Services (442,037)(273,670)(344,180)(301,280)25.8 %(12.5 %)
30 Community Development (4,767,283)(3,235,279)(3,346,750)(3,444,000)3.4 %2.9 %
40 Parks and Recreation (333,920)(320,100)(325,600)(329,100)1.7 %1.1 %
50 Police (1,973,962)(1,844,400)(1,869,148)(1,844,188)1.3 %(1.3 %)
55 Emergency Management 0 0 0 0 0.0 %0.0 %
60 Fire (537,121)(558,000)(564,600)(564,600)1.2 %0.0 %
70 Public Works (2,716,787)(2,406,000)(3,207,807)(3,310,300)33.3 %3.2 %
Total ($35,429,620)($33,508,241)($36,495,461)($37,992,180)8.9 %4.1 %
Expenses 10 City Administration 4,923,705 1,449,593 2,251,409 2,418,826 55.3 %7.4 %
20 Administrative Services 1,929,143 2,383,448 3,071,468 3,121,687 28.9 %1.6 %
30 Community Development 2,266,849 2,559,435 2,664,812 2,766,243 4.1 %3.8 %
40 Parks and Recreation 5,336,892 5,645,976 5,959,695 6,166,628 5.6 %3.5 %
50 Police 11,753,472 12,112,205 13,130,777 13,812,699 8.4 %5.2 %
55 Emergency Management 54,336 91,577 70,522 71,349 (23.0 %)1.2 %
60 Fire 3,176,598 3,246,587 3,475,101 3,550,380 7.0 %2.2 %
70 Public Works 5,373,837 6,019,420 5,871,677 6,084,368 (2.5 %)3.6 %
Total $34,814,831 $33,508,241 $36,495,461 $37,992,180 8.9 %4.1 %
Total ($614,788)$0 $0 $0 0.0 %0.0 %
City of Plymouth
2016/2017 Biennial Budget
General Fund Budget by Department
Page 5
Fund Actual 2014
Budget
Amended 2015
Budget
Proposed 2016
Budget
Proposed 2017
Budget Variance
2015-2016
Budget
Variance %
2015-2016
Budget Variance
2016-2017
Budget
Variance %
2016-2017
Revenues 100 General Fund (35,429,620)(33,508,241)(36,495,461)(37,992,180)(2,987,220)8.9 %(1,496,719)4.1 %
200 Recreation Fund (1,858,440)(1,816,150)(1,828,690)(1,871,449)(12,540)0.7 %(42,759)2.3 %
220 Transit System (4,990,179)(4,475,000)(5,286,230)(5,409,566)(811,230)18.1 %(123,336)2.3 %
250 Community Dev Block
Grant (CDBG)(268,625)(316,422)(296,462)(302,390)19,960 (6.3 %)(5,928)2.0 %
254 HRA Section 8 (3,056,743)(3,312,638)(3,263,990)(3,283,869)48,648 (1.5 %)(19,879)0.6 %
258 HRA General (628,921)(610,502)(621,115)(624,639)(10,613)1.7 %(3,524)0.6 %
500 Water (8,050,354)(8,490,378)(7,828,260)(8,433,417)662,118 (7.8 %)(605,157)7.7 %
510 Water Resources (4,976,936)(3,860,748)(3,680,237)(4,199,785)180,511 (4.7 %)(519,548)14.1 %
520 Sewer (9,904,489)(9,416,611)(10,528,399)(11,065,516)(1,111,788)11.8 %(537,117)5.1 %
530 Solid Waste Mgmt (771,059)(1,137,064)(1,156,662)(1,195,927)(19,598)1.7 %(39,265)3.4 %
540 Ice Center (1,567,802)(1,691,628)(1,788,599)(1,736,326)(96,971)5.7 %52,273 (2.9 %)
550 Field House (420,877)(420,000)(432,450)(874,950)(12,450)3.0 %(442,500)102.3 %
600 Central Equipment (3,671,063)(3,479,463)(3,383,020)(3,480,612)96,443 (2.8 %)(97,592)2.9 %
610 Public Facilities (1,972,552)(1,919,198)(1,827,108)(1,879,521)92,090 (4.8 %)(52,413)2.9 %
620 Information
Technology (1,877,686)(2,365,365)(2,546,170)(2,352,674)(180,805)7.6 %193,496 (7.6 %)
630 Risk Management (1,395,686)(1,110,346)(993,465)(1,015,736)116,881 (10.5 %)(22,271)2.2 %
Total ($80,841,033)($77,929,754)($81,956,318)($85,718,557)($4,026,564)5.2 %($3,762,239)4.6 %
Expenses 100 General Fund 34,814,831 33,508,241 36,495,461 37,992,180 2,987,220 8.9 %1,496,719 4.1 %
200 Recreation Fund 1,820,923 1,816,150 1,828,690 1,871,449 12,540 0.7 %42,759 2.3 %
220 Transit System 3,850,260 4,475,000 5,286,230 5,409,566 811,230 18.1 %123,336 2.3 %
City of Plymouth
2016/2017 Biennial Budget
Budgeted Revenues & Expenditures by Fund
Page 6
Fund Actual 2014
Budget
Amended 2015
Budget
Proposed 2016
Budget
Proposed 2017
Budget Variance
2015-2016
Budget
Variance %
2015-2016
Budget Variance
2016-2017
Budget
Variance %
2016-2017
Expenses 250 Community Dev Block
Grant (CDBG)263,105 316,422 296,462 302,390 (19,960)(6.3 %)5,928 2.0 %
254 HRA Section 8 3,113,133 3,312,638 3,263,990 3,283,869 (48,648)(1.5 %)19,879 0.6 %
258 HRA General 498,799 610,502 621,115 624,639 10,613 1.7 %3,524 0.6 %
500 Water 9,155,381 8,490,378 7,828,260 8,433,417 (662,118)(7.8 %)605,157 7.7 %
510 Water Resources 3,372,879 3,860,748 3,680,237 4,199,785 (180,511)(4.7 %)519,548 14.1 %
520 Sewer 9,067,969 9,416,611 10,528,399 11,065,516 1,111,788 11.8 %537,117 5.1 %
530 Solid Waste Mgmt 939,361 1,137,064 1,156,662 1,195,927 19,598 1.7 %39,265 3.4 %
540 Ice Center 1,760,889 1,691,628 1,788,599 1,736,326 96,971 5.7 %(52,273)(2.9 %)
550 Field House 326,819 420,000 432,450 874,950 12,450 3.0 %442,500 102.3 %
600 Central Equipment 2,598,731 3,479,463 3,383,020 3,480,612 (96,443)(2.8 %)97,592 2.9 %
610 Public Facilities 1,269,917 1,919,198 1,827,108 1,879,521 (92,090)(4.8 %)52,413 2.9 %
620 Information
Technology 2,011,293 2,365,365 2,546,170 2,352,674 180,805 7.6 %(193,496)(7.6 %)
630 Risk Management 941,142 1,110,346 993,465 1,015,736 (116,881)(10.5 %)22,271 2.2 %
Total $75,805,430 $77,929,754 $81,956,318 $85,718,557 $4,026,564 5.2 %$3,762,239 4.6 %
Total ($5,035,602)$0 $0 $0 $0 0.0 %$0 0.0 %
Page 7
Calendar2008 Calendar 2009 Calendar2010 Calendar2011 Calendar2012 Calendar2013 Calendar2014 Calendar2015
Row Labels AmendedBudget ActualAmount
Amended
Budget Actual Amount
Amended
Budget Actual Amount
Amended
Budget Actual Amount
Amended
Budget Actual Amount
Amended
Budget ActualAmount
Amended
Budget ActualAmount
Amended
Budget ActualAmount
4150.100 - Permits, Building (1,200,000.00)(2,236,935.75)(1,000,000.00)(1,054,236.23)(1,000,000.00)(1,108,747.45)(1,000,000.00)(1,365,990.35)(1,425,000.00)(1,636,406.40)(1,205,000.00)(1,738,047.00)(1,530,275.00)(2,193,460.35)(1,540,779.00)(2,663,281.95)
4150.200 - Permits, Plumbing (100,000.00)(98,251.00)(100,000.00)(80,175.06)(100,000.00)(105,408.28)(100,000.00)(196,096.16)(85,000.00)(204,029.84)(173,000.00)(249,260.08)(175,000.00)(305,915.82)(200,000.00)(291,434.56)
4150.300 - Permits, MechanicalPermits (200,000.00)(385,947.41)(200,000.00)(193,962.59)(200,000.00)(202,198.23)(200,000.00)(219,167.06)(195,000.00)(371,723.86)(194,000.00)(274,895.52)(195,000.00)(481,911.76)(250,000.00)(443,429.26)
4150.350 - Permits, Electrical (180,000.00)(276,487.88)(120,000.00)(170,962.47)(120,000.00)(163,872.34)(120,000.00)(227,911.43)(170,000.00)(260,160.39)(201,000.00)(265,930.59)(201,000.00)(411,402.01)(225,000.00)(332,349.30)
4150.500 - Permits, Fire Protection (85,000.00)(67,241.96)(72,000.00)(62,902.86)(72,000.00)(54,735.09)(72,000.00)(70,476.25)(55,000.00)(74,149.32)(62,000.00)(76,747.15)(62,000.00)(96,426.42)(70,000.00)(101,062.28)
4150.600 - Permits, Plan Checking (550,000.00)(555,208.98)(450,000.00)(326,665.36)(450,000.00)(359,758.08)(350,000.00)(624,745.08)(350,000.00)(851,116.16)(551,000.00)(1,095,860.15)(550,000.00)(1,017,069.27)(700,000.00)(1,119,742.44)
4150.700 - Permits, Sign & Billboard (10,000.00)(12,467.75)(10,000.00)(7,984.00)(10,000.00)(8,946.25)(10,000.00)(7,665.00)(6,000.00)(10,310.00)(7,000.00)(13,169.50)(7,000.00)(12,310.00)(7,000.00)(9,570.00)
4150.800 - Permits, Conditional Use 0.00 (400.00)
4150.None - Permits, None (17,500.00)23,055.55 (15,000.00)(39,777.74)(15,000.00)(11,027.94)(15,000.00)(13,625.17)(10,000.00)(12,220.98)(12,000.00)(14,628.37)(12,000.00)(12,246.53)(12,000.00)(13,389.45)
Grand Total (2,342,500.00)(3,609,885.18)(1,967,000.00)(1,936,666.31)(1,967,000.00)(2,014,693.66)(1,867,000.00)(2,725,676.50)(2,296,000.00)(3,420,116.95)(2,405,000.00)(3,728,538.36)(2,732,275.00)(4,530,742.16)(3,004,779.00)(4,974,259.24)
PermitRevenue 2008 2009 2010 2011 2012 2013 2014 2015
Budget 2,342,500.00 1,967,000.00 1,967,000.00 1,867,000.00 2,296,000.00 2,405,000.00 2,732,275.00 3,004,779.00
Actual 3,609,885.18 1,936,666.31 2,014,693.66 2,725,676.50 3,420,116.95 3,728,538.36 4,530,742.16 4,974,259.24
COMMUNITY DEVELOPMENT PERMITS
1,000,000.00
2,000,000.00
3,000,000.00
4,000,000.00
5,000,000.00
6,000,000.00
2008 2009 2010 2011 2012 2013 2014 2015
Permit Revenue -Budget vs. Actual
Budget Actual
Page 8
2006 2007 2008 2009 2010 2011 2012 2013 2014
Eden Prairie 2,389,662 2,465,796 2,016,195 1,231,744 1,874,411 2,094,901 3,786,592 4,410,616 3,496,415
Eagan 735,796 1,013,057 901,438 547,282 526,507 599,068 938,248 1,925,830 1,509,654
Plymouth 2,939,820 3,201,760 3,609,885 1,936,666 2,014,693 2,725,676 3,420,116 3,728,538 4,530,742
PERMIT REVENUE
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
5,000,000
2006 2007 2008 2009 2010 2011 2012 2013 2014
Permit Revenue
Eden Prairie Eagan Plymouth
Page 9
Bluefont = inputcells
SUMMARY
Total Revenue - Summary 2009 2010 2011 2012 2013 2014 Budget2015 Budget 2016 Budget2017 2018 2019 2020 2021 2022 2023 2024 2025
BillingstoDepartments 70,586 418,218 1,119,205 704,182 844,096 1,174,567 700,000 2,488,521 2,602,977 2,629,007 2,655,297 2,681,850 2,708,668 2,735,755 2,763,113 2,790,744 2,818,651
ChargesforServices 1,011,899 1,452,337 1,246,602 1,262,172 1,340,461 1,410,912 1,307,888 1,375,909 1,399,382 1,413,376 1,427,510 1,441,785 1,456,203 1,470,765 1,485,472 1,500,327 1,515,330
ContributionsandDonations - Capital 22,865 4,061 1,250 0 750 1,500 0 0 0 0 0 0 0 0 0 0 0
ContributionsandDonations - Operating 250 1,200 2,822 21,118 5,187 9,075 1,500 1,600 1,600 1,616 1,632 1,648 1,665 1,682 1,698 1,715 1,733
FinesandForfeitures 798,496 732,452 877,689 847,244 683,261 605,751 766,500 713,500 713,500 720,635 727,841 735,120 742,471 749,896 757,395 764,969 772,618
GeneralPropertyTaxLevy 22,197,937 22,332,207 22,216,346 22,779,828 23,466,327 23,649,213 24,347,000 25,278,373 26,603,069 28,245,995 29,531,476 31,065,252 31,863,058 33,698,093 35,202,440 36,657,044 37,574,453
Interest Income 40,489 28,810 207,416 113,762 -355,662 533,490 98,000 260,000 260,211 262,813 265,441 268,096 270,777 273,484 276,219 278,981 281,771
Intergovernmental 1,575,068 1,834,022 1,838,225 2,097,962 2,694,778 2,370,474 2,181,634 2,364,848 2,349,481 2,372,976 2,396,706 2,420,673 2,444,879 2,469,328 2,494,021 2,518,962 2,544,151
Other 117,175 69,364 149,514 142,026 185,711 215,541 106,800 106,800 106,800 107,868 108,947 110,036 111,137 112,248 113,370 114,504 115,649
PermitsandLicenses 2,272,089 2,360,462 3,081,424 3,803,616 4,115,221 4,924,273 3,378,129 3,584,910 3,685,160 3,467,500 3,235,000 3,235,000 3,410,000 2,960,000 2,780,000 2,822,500 3,347,500
SpecialAssessments 4,368 6,524 22,277 5,230 10,173 10,834 3,500 10,000 10,000 10,100 10,201 10,303 10,406 10,510 10,615 10,721 10,829
TransfersIn 207,201 632,794 245,425 305,094 646,529 523,989 617,290 311,000 260,000 262,600 265,226 267,878 270,557 273,263 275,995 278,755 281,543
GrandTotal 28,318,424 29,872,452 31,008,195 32,082,235 33,636,833 35,429,619 33,508,241 36,495,461 37,992,180 39,494,486 40,625,277 42,237,641 43,289,820 44,755,023 46,160,339 47,739,222 49,264,228
Total Expenditures - Summary 2009 2010 2011 2012 2013 2014 Budget2015 Budget 2016 Budget2017 2018 2019 2020 2021 2022 2023 2024 2025
ByDepartment
10 CityAdministration 2,130,507 2,513,778 3,835,877 3,904,353 4,247,181 4,923,705 1,449,593 2,251,409 2,418,826 2,893,271 2,969,094 3,164,317 3,248,552 3,452,502 3,545,794 3,759,149 3,862,211
20 AdministrativeServices 1,808,221 1,917,083 1,891,506 2,377,711 2,451,504 1,929,143 2,383,448 3,071,468 3,121,687 3,001,814 3,097,063 3,195,935 3,298,619 3,405,314 3,516,235 3,631,610 3,751,682
30 Community Development 2,155,289 2,354,485 2,395,529 2,243,189 2,220,609 2,266,849 2,559,435 2,664,812 2,766,243 2,892,111 2,991,193 3,094,505 3,202,277 3,314,759 3,432,216 3,554,931 3,683,205
40 ParksandRecreation 4,816,869 4,985,378 4,997,089 4,983,809 5,084,638 5,336,892 5,645,976 5,959,695 6,166,628 6,347,957 6,531,107 6,720,955 6,917,833 7,122,095 7,334,119 7,554,305 7,783,081
50 Police 10,314,779 10,284,282 9,977,240 10,257,884 10,958,501 11,753,472 12,112,205 13,130,777 13,812,699 14,250,364 14,729,789 15,229,420 15,750,363 16,293,798 16,860,983 17,453,261 18,072,068
55 EmergencyManagement 66,521 39,315 32,456 24,075 41,093 54,336 91,577 70,522 71,349 72,776 74,231 75,716 77,230 78,775 80,351 81,958 83,597
60 Fire 2,359,802 2,602,266 2,605,635 2,785,456 2,891,223 3,176,598 3,246,587 3,475,101 3,550,380 3,762,633 3,790,326 3,889,623 3,992,018 4,097,639 4,206,620 4,319,104 4,435,242
70 PublicWorks 4,203,742 5,070,612 5,101,348 5,191,130 5,276,164 5,373,837 6,019,420 5,871,677 6,084,368 6,273,561 6,442,473 6,867,170 6,802,928 6,990,141 7,184,022 7,384,905 7,593,142
GrandTotal 27,855,731 29,767,198 30,836,680 31,767,608 33,170,914 34,814,832 33,508,241 36,495,461 37,992,180 39,494,486 40,625,277 42,237,641 43,289,820 44,755,023 46,160,339 47,739,222 49,264,228
ASSUMPTIONS
RevenueAssumptions 2009 2010 2011 2012 2013 2014 Budget2015 Budget 2016 Budget2017 2018 2019 2020 2021 2022 2023 2024 2025
Revenue
GeneralProperty TaxLevy Actual Actual Actual Actual Actual Actual Budget Budget Balancing figure
Permits & Licenses Actual Actual Actual Actual Actual Actual Budget Budget SeeGrowthandPermitstab
Interest Actual Actual Actual Actual Actual Actual Budget Budget 1%1%1%1%1%1%1%1%1%
Other Actual Actual Actual Actual Actual Actual Budget Budget 1%1%1%1%1%1%1%1%1%
Expenditure Assumptions 2009 2010 2011 2012 2013 2014 Budget2015 Budget 2016 Budget2017 2018 2019 2020 2021 2022 2023 2024 2025
Wages & Benefits - overall $$ adjustments - base salary
10 CityAdministration Actual Actual Actual Actual Actual Actual Budget Budget Budget 100,000 0 100,000 0 100,000 0 100,000 0
20 AdministrativeServices Actual Actual Actual Actual Actual Actual Budget Budget Budget 0 0 0 0 0 0 0 0
30 Community Development Actual Actual Actual Actual Actual Actual Budget Budget Budget 0 0 0 0 0 0 0 0
40 ParksandRecreation Actual Actual Actual Actual Actual Actual Budget Budget Budget 0 0 0 0 0 0 0 0
50 Police Actual Actual Actual Actual Actual Actual Budget Budget Budget 100,000 0 0 0 0 0 0 0
55 EmergencyManagement Actual Actual Actual Actual Actual Actual Budget Budget Budget 0 0 0 0 0 0 0 0
60 Fire Actual Actual Actual Actual Actual Actual Budget Budget Budget 0 0 0 0 0 0 0 0
70 PublicWorks Actual Actual Actual Actual Actual Actual Budget Budget Budget 0 0 0 0 0 0 0 0
Wages & Benefits - overall Inflatonary percentageadjustment onbase
salary (excluding allinsurance)Actual Actual Actual Actual Actual Actual Budget Budget Budget
10 CityAdministration Actual Actual Actual Actual Actual Actual Budget Budget Budget 3%3%3%3%3%3%3%3%
20 AdministrativeServices Actual Actual Actual Actual Actual Actual Budget Budget Budget 3%3%3%3%3%3%3%3%
30 Community Development Actual Actual Actual Actual Actual Actual Budget Budget Budget 3%3%3%3%3%3%3%3%
40 ParksandRecreation Actual Actual Actual Actual Actual Actual Budget Budget Budget 3%3%3%3%3%3%3%3%
50 Police Actual Actual Actual Actual Actual Actual Budget Budget Budget 3%3%3%3%3%3%3%3%
55 EmergencyManagement Actual Actual Actual Actual Actual Actual Budget Budget Budget 3%3%3%3%3%3%3%3%
60 Fire Actual Actual Actual Actual Actual Actual Budget Budget Budget 3%3%3%3%3%3%3%3%
70 PublicWorks Actual Actual Actual Actual Actual Actual Budget Budget Budget 3%3%3%3%3%3%3%3%
Wages & Benefits - overtime N/A 3%3%3%3%3%3%3%3%3%3%3%3%3%3%3%3%
Wages & Benefits - (SS, PERA, Clothing, Cell, Unemployment)N/A 17%16%16%16%16%17%17%17%17%17%17%17%17%17%17%17%
Wages & Benefits - InsuranceInflatonarypercentageadjustment (employer
portion)N/A 10.90%5.25%-4.69%12.01%4.50%8.14%24.19%8.23%8%8%8%8%8%8%8%8%
OtherExpenditures - Capital - $$ adjustments
Other - CityAdmin Actual Actual Actual Actual Actual Actual Budget Budget Budget 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000
Other - AdministrativeServices Actual Actual Actual Actual Actual Actual Budget Budget Budget 0 0 0 0 0 0 0 0
Other - Community Development Actual Actual Actual Actual Actual Actual Budget Budget Budget 0 0 0 0 0 0 0 0
Other - Parks & Recreation Actual Actual Actual Actual Actual Actual Budget Budget Budget 0 0 0 0 0 0 0 0
Other - Police Actual Actual Actual Actual Actual Actual Budget Budget Budget 0 0 0 0 0 0 0 0
Other - EmergencyMgmt Actual Actual Actual Actual Actual Actual Budget Budget Budget 0 0 0 0 0 0 0 0
Other - Fire Actual Actual Actual Actual Actual Actual Budget Budget Budget 70,000 0 0 0 0 0 0 0
Other - PublicWorks Actual Actual Actual Actual Actual Actual Budget Budget Budget 0 0 250,000 0 0 0 0 0
OtherExpenditures (excluding Wages & Benefits) - departmental
Inflationarypercentageadjustment Actual Actual Actual Actual Actual Actual Budget Budget Budget 2%2%2%2%2%2%2%2%
CITY OF PLYMOUTH FINANCIAL MANAGEMENT PLAN
Revenue & Expenditures
11/18/2015 1
Page 10
MarketValueor
TaxCapacity LevyType 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
LevyBase Budget Budget
T GeneralFundBase 12,856,138 13,050,115 12,560,323 22,701,000 23,466,633 23,973,179 24,347,000 25,278,373 26,603,069 28,245,995 29,531,476 31,065,252 31,863,058 33,698,093 35,202,440 36,657,044 37,574,453
T MarketValueHomesteadCredit 510,000 589,795 552,502 0 0 0 0 0 0 0 0 0 0 0 0 0 0
T StreetReconstruction 2,458,092 2,531,835 2,607,790 2,686,024 2,766,605 2,849,603 2,906,595 2,964,727 3,024,021 3,084,501 3,146,191 3,209,115 3,273,298 3,338,764 3,405,539 3,473,650 3,543,123
T RecreationFund 678,497 618,497 618,497 559,480 559,480 567,604 571,989 601,665 631,674 644,307 657,194 670,338 683,744 697,419 711,368 725,595 740,107
T ParkReplacement 0 0 0 130,000 330,000 339,900 346,698 353,632 360,705 367,919 375,277 382,783 390,439 398,247 406,212 414,337 422,623
T CapitalImprovementFund 358,216 368,962 380,031 391,432 391,432 403,175 411,239 419,463 427,853 436,410 445,138 454,041 463,122 472,384 481,832 491,469 501,298
TotalLevyBase 16,860,943$ 17,159,204$ 16,719,143$ 26,467,936$ 27,514,150$ 28,133,461$ 28,583,521$ 29,617,860$ 31,047,322$ 32,779,133$ 34,155,277$ 35,781,529$ 36,673,660$ 38,604,907$ 40,207,391$ 41,762,093$ 42,781,604$
SpecialLevies
T GeneralFundPERA 101,012 108,728 157,588 0 0 0 0 0 0 0 0 0 0 0 0 0 0
T GeneralFundPublicSafety 9,231,614 9,183,835 9,593,124 0 0 0 0 0 0 0 0 0 0 0 0 0 0
T GO2003BStreet ReconBonds 178,355 179,038 179,563 179,524 0 0 0 0 0 0 0 0 0 0 0 0 0
T GO2003CStreetReconBonds 424,531 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
T GO2004A (2012A) PublicSafety 596,354 596,958 601,683 598,953 601,053 565,793 566,003 563,903 561,488 569,258 571,148 572,565 573,510 579,233 579,075 573,195 0
M GO2007A OpenSpace 255,486 255,223 254,764 254,108 253,255 252,205 250,958 0 0 0 0 0 0 0 0 0 0
M 2009BActivityCenterBonds 432,016 410,989 407,558 412,125 0 0 0 0 0 0 0 0 0 0 0 0 0
M 2003DOpenSpaceRefunding 267,257 281,326 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
M GO2010A OpenSpace 263,259 264,036 265,716 267,291 263,511 268,341 267,606 266,713 265,663 264,456 263,091 266,818 264,981 268,236 265,611
M GO2015OpenSpace 0 0 0 0 150,000 261,522 268,347 269,712 265,722 272,232 271,182 264,725 268,767 516,252 521,850
TotalSpecialLevies 11,486,625$ 11,016,097$ 11,457,539$ 1,708,746$ 1,120,024$ 1,085,288$ 1,230,472$ 1,093,765$ 1,097,440$ 1,105,683$ 1,102,533$ 1,109,253$ 1,107,783$ 1,110,775$ 1,112,823$ 1,357,683$ 787,461$
TOTALCITYLEVY 28,347,568$ 28,175,301$ 28,176,682$ 28,176,682$ 28,634,174$ 29,218,749$ 29,813,993$ 30,711,625$ 32,144,762$ 33,884,816$ 35,257,810$ 36,890,782$ 37,781,443$ 39,715,682$ 41,320,214$ 43,119,776$ 43,569,065$
T HRALevy 551,277 551,277 551,277 551,277 551,277 551,277 551,277 561,277 571,379 582,807 594,463 606,352 618,479 630,849 643,466 656,335 669,462
TOTALLEVY 28,898,845$ 28,726,578$ 28,727,959$ 28,727,959$ 29,185,451$ 29,770,026$ 30,365,270$ 31,272,902$ 32,716,141$ 34,467,623$ 35,852,273$ 37,497,134$ 38,399,922$ 40,346,531$ 41,963,679$ 43,776,111$ 44,238,526$
LEVY INCREASE/DECREASEOVER THEYEARS 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
GeneralFundLevy Change 4.4%0.7%-0.1%1.7%3.4%2.2%1.6%3.8%5.2%6.2%4.6%5.2%2.6%5.8%4.5%4.1%2.5%
TotalLevyBase Change (includingSpecialLevies of PERA & PS)4.5%1.0%0.1%0.0%4.0%2.3%1.6%3.6%4.8%5.6%4.2%4.8%2.5%5.3%4.2%3.9%2.4%
SpecialLevies (Debt) Change 13.9%-20.0%-1.0%0.1%-34.5%-3.1%13.4%-11.1%0.3%0.8%-0.3%0.6%-0.1%0.3%0.2%22.0%-42.0%
HRALevyChange 0.0%0.0%0.0%0.0%0.0%0.0%0.0%1.8%1.8%2.0%2.0%2.0%2.0%2.0%2.0%2.0%2.0%
TotalLevyIncreaseChange 5.1%-0.6%0.0%0.0%1.6%2.0%2.0%3.0%4.6%5.4%4.0%4.6%2.4%5.1%4.0%4.3%1.1%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
TotalCityTaxCapacityRate 24.37%25.50%26.94%28.15%29.24%29.55%27.85%27.71%27.51%27.72%27.67%27.83%27.41%27.81%27.79%27.85%27.17%
TotalCityMarketValueRate 0.0070%0.0073%0.0103%0.0106%0.0060%0.0059%0.0070%0.0055%0.0053%0.0051%0.0048%0.0047%0.0045%0.0043%0.0042%0.0060%0.0058%
HRATaxCapacityRate 0.4838%0.5097%0.5428%0.5677%0.5720%0.5672%0.5285%0.5154%0.4975%0.4842%0.4738%0.4640%0.4555%0.4474%0.4384%0.4318%0.4258%
OverallTaxCapacity Change 66.2700%-4.8086%-6.2859%-4.3083%-0.2656%1.6176%6.7676%3.7181%4.9187%4.7188%4.1710%4.0892%3.8452%3.7954%3.6655%3.5287%3.3967%
OverallMarketValueChange -0.2048%-4.4451%-5.9649%-1.8381%-1.0111%1.9738%7.1852%0.5659%4.6685%4.7084%4.5072%3.8921%3.8224%3.5582%3.5219%3.3886%3.2451%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
LEVY
Inflationary
GeneralFund Base Actual Actual Actual Actual Actual Actual Actual Budget Budget 6.2%4.6%5.2%2.6%5.8%4.5%4.1%2.5%
StreetReconstruction Actual Actual Actual Actual Actual Actual Actual Budget Budget 2.0%2.0%2.0%2.0%2.0%2.0%2.0%2.0%
Recreation Fund Actual Actual Actual Actual Actual Actual Actual Budget Budget 2.0%2.0%2.0%2.0%2.0%2.0%2.0%2.0%
Park Replacement Actual Actual Actual Actual Actual Actual Actual Budget Budget 2.0%2.0%2.0%2.0%2.0%2.0%2.0%2.0%
CapitalImprovement Fund Actual Actual Actual Actual Actual Actual Actual Budget Budget 2.0%2.0%2.0%2.0%2.0%2.0%2.0%2.0%
HRA Actual Actual Actual Actual Actual Actual Actual Budget Budget 2.0%2.0%2.0%2.0%2.0%2.0%2.0%2.0%
Values TaxCapacity & MarketValueEscalator Actual Actual Actual Actual Actual Actual Actual 2.50%2.50%2.50%2.50%2.50%2.50%2.50%2.50%2.50%2.50%
NewGrowth seeGrowth & PermitsTab
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
TAXCAPACITY/MARKETVALUE
Residential
Commercial/Industrial
TaxCapacity $123,048,441 $117,131,563 $109,768,768 $105,039,603 $104,760,615 $106,455,241 $113,659,712 $117,885,712 $123,684,105 $129,520,457 $134,922,719 $140,440,037 $145,840,288 $151,375,545 $156,924,184 $162,461,538 $167,979,827
less: FiscalDisparity $15,262,955 $16,078,643 $15,020,806 $13,962,017 $13,715,078 $14,347,974 $14,122,052 $13,817,644 $14,305,859 $14,801,858 $15,297,858 $15,793,857 $16,289,857 $16,785,857 $17,281,856 $17,777,856 $18,273,855
less: TaxIncrement $1,501,641 $1,073,002 $993,041 $942,313 $926,735 $1,027,102 $1,248,739 $1,327,146 $1,306,470 $1,347,225 $1,388,999 $1,431,817 $1,475,706 $1,520,692 $1,051,907 $1,086,112 $1,121,173
TaxCapacity for Rate $106,283,845 $99,979,918 $93,754,921 $90,135,273 $90,118,802 $91,080,165 $98,288,921 $102,740,922 $108,071,777 $113,371,375 $118,235,862 $123,214,362 $128,074,725 $133,068,997 $138,590,421 $143,597,570 $148,584,798
PlusFiscalDisparityDistribution $7,666,539 $8,185,794 $7,814,131 $6,972,273 $6,263,938 $6,117,323 $6,023,563 $6,152,077 $6,769,970 $7,004,692 $7,239,414 $7,474,136 $7,708,859 $7,943,581 $8,178,303 $8,413,025 $8,647,747
AdjustedNetTaxCapacity $113,950,384 $108,165,712 $101,569,052 $97,107,546 $96,382,740 $97,197,488 $104,312,484 $108,892,999 $114,841,747 $120,376,067 $125,475,277 $130,688,499 $135,783,584 $141,012,577 $146,768,724 $152,010,595 $157,232,546
ReferendumMarketValue $9,982,357,800 $9,538,633,700 $8,969,666,350 $8,804,798,867 $8,715,777,850 $8,887,813,150 $9,526,422,600 $9,580,334,800 $10,027,593,170 $10,499,732,999 $10,972,976,324 $11,400,050,732 $11,835,802,001 $12,256,947,051 $12,688,620,727 $13,118,586,245 $13,544,300,901
TaxIncrement % ofTotal TaxCapacity 1.22%0.92%0.90%0.90%0.88%0.96%1.10%1.13%1.06%1.04%1.03%1.02%1.01%1.00%0.67%0.67%0.67%
Fiscal DisparityContribution %12.40%13.73%13.68%13.29%13.09%13.48%12.42%11.72%11.57%11.43%11.34%11.25%11.17%11.09%11.01%10.94%10.88%
Fiscal DisparityDistribution %50.23%50.91%52.02%49.94%45.67%42.64%42.65%44.52%47.32%47.32%47.32%47.32%47.32%47.32%47.32%47.32%47.32%
Fiscal DisparityContributionRate: 37.200%41.663%41.796%39.522%37.341%39.293%38.355%36.229%
AverageFiscal DisparityContributionRate:38.92%
AverageFiscal DisparityDistribution % to Contribution 47.32%
FiscalDisparity DistributionTaxCapacity (dollars)1,754,641 1,994,714 1,992,213 1,878,609 1,763,048 1,788,889 1,779,782 1,713,169 1,875,898 1,927,144 2,006,427 2,068,355 2,145,074 2,177,138 2,274,418 2,337,844 2,408,730
ASSUMPTIONS
VALUEDETAILS
Levy & Values
CITY OF PLYMOUTH FINANCIAL MANAGEMENT PLAN
LEVIES
VALUES
11/18/2015 1
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GROWTH
TOTALNEWGROWTH Builtin 2013 Builtin 2014 Builtin 2015 Builtin 2016 Builtin 2017 Builtin 2018 Builtin 2019 Builtin 2020 Builtin 2021 Builtin 2022 Builtin 2023 Builtin 2024 Builtin 2025
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
TOTAL NEW MARKET VALUE $202,250,000 $207,750,000 $221,450,000 $210,750,000 $152,750,000 $150,750,000 $125,250,000 $125,250,000 $112,750,000 $97,750,000 $82,000,000 $84,000,000 $101,500,000
NEW TAX CAPACITY $2,649,250 $2,714,250 $2,851,250 $2,744,250 $2,164,250 $2,144,250 $1,889,250 $1,889,250 $1,764,250 $1,614,250 $1,456,750 $1,476,750 $1,651,750
ASSUMPTIONS
Residential Growth Builtin 2013 Builtin 2014 Builtin 2015 Builtin 2016 Builtin 2017 Builtin 2018 Builtin 2019 Builtin 2020 Builtin 2021 Builtin 2022 Builtin 2023 Builtin 2024 Builtin 2025
Unit Value Total Units 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
New Single Family Homes 400,000 1,675 250 250 250 250 150 150 100 100 50 50 25 25 25
New Single Family Land value 150,000 1,675 250 250 250 250 150 150 100 100 50 50 25 25 25
New Townhomes 200,000 100 10 10 - 10 10 - 10 10 10 10 - 10 10
Apartments 100,000 512 - - 157 30 - - - - 150 - - - 175
Tear-downs/rebuilds 300,000 180 - 15 15 15 15 15 15 15 15 15 15 15 15
Other - - - - - - - - - - - - - - -
Total Residential Units 4,142 510 525 672 555 325 315 225 225 275 125 65 75 250
Total Residential Market Value $139,500,000 $144,000,000 $157,700,000 $147,000,000 $89,000,000 $87,000,000 $61,500,000 $61,500,000 $49,000,000 $34,000,000 $18,250,000 $20,250,000 $37,750,000
Total Residential Tax Capacity $1,395,000 $1,440,000 $1,577,000 $1,470,000 $890,000 $870,000 $615,000 $615,000 $490,000 $340,000 $182,500 $202,500 $377,500
AverageSingleFamily Permit Fee $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500
AverageTownhomePermitFee $4,250 $4,250 $4,250 $4,250 $4,250 $4,250 $4,250 $4,250 $4,250 $4,250 $4,250
AverageApartment PermitFee $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000
Projected Permit Fee Revenue $1,928,500 $1,590,000 $950,000 $907,500 $675,000 $675,000 $850,000 $400,000 $220,000 $262,500 $787,500
CommercialGrowth Builtin 2013 Builtin 2014 Builtin 2015 Builtin 2016 Builtin 2017 Builtin 2018 Builtin 2019 Builtin 2020 Builtin 2021 Builtin 2022 Builtin 2023 Builtin 2024 Builtin 2025
Unit Value TotalUnits 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
New Commercial $2,000,000 65 5 5 5 5 5 5 5 5 5 5 5 5 5
Com. TenantImprovements $300,000 1,950 150 150 150 150 150 150 150 150 150 150 150 150 150
New Industrial $1,000,000 1 1 - - - - - - - - - - - -
Ind. Tenant Improvements $250,000 447 27 35 35 35 35 35 35 35 35 35 35 35 35
Other $0 - - - - - - - - - - - - -
Total CommercialUnits 2,463 183 190 190 190 190 190 190 190 190 190 190 190 190
Total CommercialMarket Value $62,750,000 $63,750,000 $63,750,000 $63,750,000 $63,750,000 $63,750,000 $63,750,000 $63,750,000 $63,750,000 $63,750,000 $63,750,000 $63,750,000 $63,750,000
Total CommercialTaxCapacity $1,254,250 $1,274,250 $1,274,250 $1,274,250 $1,274,250 $1,274,250 $1,274,250 $1,274,250 $1,274,250 $1,274,250 $1,274,250 $1,274,250 $1,274,250
AverageCommercialPermit Fee $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000
Improvement Fee $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
Projected Permit Fee Revenue $260,000 $260,000 $260,000 $260,000 $260,000 $260,000 $260,000 $260,000 $260,000 $260,000 $260,000
CITY OF PLYMOUTH FINANCIAL MANAGEMENT PLAN
Growth & Permits
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
SingleFamilyHomes 250 250 250 250 150 150 100 100 50 50 25 25 25
50
100
150
200
250
300
Nu
mber
of
Units
Residential Unit GrowthProjection
11/18/2015 1
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Residential Property (Singlefamilydetached property)
Tax Year:2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Average Valueincrease onpreviousyearvalue:-2.50%-5.02%-5.76%-1.80%-8.44%2.58%10.53%2.00%2.50%2.50%2.50%2.50%2.50%2.50%2.50%2.50%2.50%
MarketValue Exclusion:
Marketvalueofhome 351,334 333,697 314,476 308,815 282,751 290,046 320,588 327,000 335,175 343,554 352,143 360,947 369,970 379,220 388,700 398,418 408,378 $76,000
Initial/ MaxExclusion 30,400 30,400 30,400 30,400 30,400 30,400 30,400 30,400 30,400 30,400 30,400 30,400 30,400 30,400 30,400 30,400 30,400
FinalExclusion Amount 5,620 7,207 8,937 9,447 11,792 11,136 8,387 7,810 7,074 6,320 5,547 4,755 3,943 3,110 2,257 1,382 486
Noexclusion forpropertiesover
413,800
Adjusted TaxableValue 345,714 326,490 305,539 299,369 270,959 278,911 312,201 319,190 328,101 337,234 346,596 356,192 366,028 376,110 386,443 397,035 407,892
Tax Capacity at1%3,457 3,265 3,055 2,994 2,710 2,789 3,122 3,192 3,281 3,372 3,466 3,562 3,660 3,761 3,864 3,970 4,079
Tax Capacity Rate 24.368%25.495%26.940%28.150%29.240%29.550%27.850%27.709%27.512%27.715%27.673%27.826%27.408%27.810%27.788%27.854%27.172%
Tax based on tax capacity $842.44 $832.39 $823.12 $842.72 $792.28 $824.18 $869.48 $884.45 $902.68 $934.66 $959.15 $991.14 $1,003.19 $1,045.98 $1,073.86 $1,105.90 $1,108.31
MarketValue Rate 0.007%0.007%0.010%0.011%0.006%0.006%0.007%0.006%0.005%0.005%0.005%0.005%0.005%0.004%0.004%0.006%0.006%
Tax based on marketvalue $24.63 $24.23 $32.45 $32.64 $16.85 $16.97 $22.38 $18.09 $17.91 $17.55 $17.05 $16.99 $16.70 $16.45 $16.35 $23.83 $23.74
Total City & MarketValueProperty Tax $867.06 $856.61 $855.58 $875.36 $809.14 $841.15 $891.86 $902.53 $920.59 $952.21 $976.21 $1,008.14 $1,019.89 $1,062.42 $1,090.21 $1,129.72 $1,132.05
HRATaxCapacity Rate 0.484%0.510%0.543%0.568%0.572%0.567%0.528%0.515%0.498%0.484%0.474%0.464%0.455%0.447%0.438%0.432%0.426%
HRAProperty Tax $16.73 $16.64 $16.58 $17.00 $15.50 $15.82 $16.50 $16.45 $16.32 $16.33 $16.42 $16.53 $16.67 $16.83 $16.94 $17.14 $17.37
Total CityProperty Tax $883.79 $873.25 $872.16 $892.36 $824.63 $856.97 $908.36 $918.98 $936.92 $968.54 $992.63 $1,024.66 $1,036.56 $1,079.25 $1,107.16 $1,146.86 $1,149.42
Annual Tax Increase orDecrease -$10.54 -$1.09 $20.20 -$67.73 $32.33 $51.39 $10.63 $17.93 $31.62 $24.09 $32.04 $11.90 $42.68 $27.91 $39.71 $2.55
Annual Tax Impact change -1.2%-0.1%2.3%-7.6%3.9%6.0%1.2%2.0%3.4%2.5%3.2%1.2%4.1%2.6%3.6%0.2%
Commercial Property
YEAR YEAR YEAR YEAR YEAR YEAR YEAR YEAR YEAR YEAR YEAR YEAR YEAR YEAR YEAR YEAR YEAR
Tax Year:2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Average Valueincrease onpreviousyearvalue:-5.1%-3.4%1.0%4.6%0.4%0.2%2.6%2.5%2.5%2.5%2.5%2.5%2.5%2.5%2.5%2.5%
On a $1,000,000 Property 1,000,357 949,338 917,061 926,231 968,838 972,713 974,659 $1,000,000 1,025,000 1,050,625 1,076,891 1,103,813 1,131,408 1,159,693 1,188,686 1,218,403 1,248,863
Tax Capacity Rate 24.368%25.495%26.940%28.150%29.240%29.550%27.850%27.709%27.512%27.715%27.673%27.826%27.408%27.810%27.788%27.854%27.172%
MarketValue Rate 0.007%0.007%0.010%0.011%0.006%0.006%0.007%0.006%0.005%0.005%0.005%0.005%0.005%0.004%0.004%0.006%0.006%
Tax Capacity 19,257 18,237 17,591 17,775 18,627 18,704 18,743 19,250 19,750 20,263 20,788 21,326 21,878 22,444 23,024 23,618 24,227
less: FiscalDisparitycontribution rate 37.20%41.66%41.80%39.52%37.34%39.29%38.35%36.23%38.92%38.92%38.92%38.92%38.92%38.92%38.92%38.92%38.92%
NetTaxCapacity 12,093 10,639 10,239 10,750 11,671 11,355 11,554 12,276 12,062 12,375 12,696 13,025 13,362 13,708 14,062 14,425 14,797
Tax based on tax capacity $2,946.93 $2,712.35 $2,758.32 $3,026.05 $3,412.73 $3,355.34 $3,217.87 $3,401.56 $3,318.62 $3,429.87 $3,513.48 $3,624.36 $3,662.23 $3,812.15 $3,907.54 $4,017.85 $4,020.54
Tax based on marketvalue $70.12 $68.92 $94.64 $97.90 $57.74 $56.90 $68.03 $55.31 $54.78 $53.68 $52.15 $51.96 $51.07 $50.29 $50.00 $72.86 $72.61
Total CityProperty Tax $3,017 $2,781 $2,853 $3,124 $3,470 $3,412 $3,286 $3,457 $3,373 $3,484 $3,566 $3,676 $3,713 $3,862 $3,958 $4,091 $4,093
Annual Tax Increase orDecrease -$235.79 $71.69 $271.00 $346.52 -$58.22 -$126.35 $170.96 -$83.47 $110.15 $82.08 $110.70 $36.97 $149.14 $95.11 $133.17 $2.43
Annual Tax Impact change -7.8%2.6%9.5%11.1%-1.7%-3.7%5.2%-2.4%3.3%2.4%3.1%1.0%4.0%2.5%3.4%0.1%
CITY OF PLYMOUTH FINANCIAL MANAGEMENT PLAN
City Tax Impact
11/18/2015 1
Page 13
HISTORY
On February 24, 2015, the City Council approved an increase in the Park Dedication cash fee payment in
lieu of land dedication. The cash payment maximum was increased from $6,500 per dwelling unit to
7,500 per dwelling unit for residential development. There were no changes made to the
commercial/industrial or school Park Dedication fee. The fee remains at $8,000 per acre.
As part of the review, the City Council requested that the Park Dedication fee be analyzed annually as part
of the budget process.
PARK DEDICATION FUND ANALYSIS
In February, staff completed a Park Dedication Fund analysis to determine the viability of the fund, taking
into consideration estimates for residential development and the estimated cost to complete the park
system. The analysis indicated that without a fee increase and/or incremental increases in the coming
years, the fund would be depleted by 2022 with an estimated funding gap of $8,868,845.
Memorandum
To: Dave Callister, City Manager
From: Diane Evans, Director of Parks and Recreation
Date: November 24, 2015
Item: Park Dedication Fee
12,000,000)
10,000,000)
8,000,000)
6,000,000)
4,000,000)
2,000,000)
2,000,000
4,000,000
6,000,000
8,000,000
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Park Dedication Fund Cash Balances
Updated Estimate Original Estimate
Page 14
Staff updated the fund analysis, incorporating the new Park Dedication fee, estimates for residential
development and estimates for build-out of the park system. The updated fund analysis, indicates that
without a fee increase and/or incremental increases in the coming years, the fund would be depleted by
2020 with an estimated funding gap of $11,029,436.
PARK DEDICATION OPTIONS
Option #1 – No increase in rate. The fund would have a negative cash balance in 2020 and a funding gap
of $11,029,436.
Option #2 –$500 increase in 2016 and $500 increase thereafter. The fund would have a negative cash
balance in 2021 and a funding gap of $7,126,059.
Option #3 –5% increase in 2016 and thereafter. The fund would have a negative cash balance in 2021 and
a funding gap of $7,784,617.
Option #4 –$1,000 increase in 2016, and a $1,000 increase in 2017-2019 and a $500 increase thereafter.
The fund would have a negative cash balance in 2025 and a funding gap of $276,867.
Staff recommends option #2, a $500 increase in 2016 and a $500 increase thereafter. The fund would have
a negative cash balance in 2021 and a funding gap of $7,126,059.
Page 15
PARK DEDICATION FEE ANALYSIS
February 2015
Prepared by
Parks & Recreation
Page 17
INTRODUCTION
The analysis was done to review and update the park dedication fees charged to new residential,
commercial and industrial development to ensure the following:
1. The fees are sufficient to support the acquisition of land and/or open space for future park facilities
2. The fees are sufficient to support the development of new parks, playgrounds and open space areas
for the community
ABOUT PARK DEDICATION
Minnesota Statutes Section 462.358, Subd.2b provides that municipal subdivision regulations may
require that a reasonable portion of any proposed subdivision be dedicated to the public, or preserved
for conservation purposes or for public use as parks, playgrounds, trails, wetlands, or open space. The
municipality may alternatively accept an equivalent amount in cash. The City of Plymouth addresses
park dedication within the City Code (528.01).
Dedication Required (528.03)
At the time of subdivision, the developer shall dedicate land for public use as parks, playgrounds,
recreation facilities, trails, or public open space, in an amount equal to the development’s proportional
share of the City park system, as determined by this chapter. Any land dedication shall be in a location
and of a character consistent with and suitable for meeting the needs identified by the City’s
Comprehensive Plan. Generally, land located within flood plains, or wetlands shall not be accepted to
meet the proportional share of required land dedication.
If the Council determines that land is not needed in the area of the proposed subdivision, the City may
alternatively require payment of an equivalent amount in cash. Any such cash payment shall be used for
the acquisition and improvement of land for parks, playgrounds, trails, or public open space, or as
otherwise provided by statute. The cash fee payment in lieu of land dedication is set by Chapter 1015.31
Subd.5 and reads as follows:
Cash Fee Payment in Lieu of Land Dedication. Undeveloped land value shall be used to determine
the cash payment required in lieu of land dedication up to a maximum cash payment of $6,500
per dwelling unit for residential development, or $8,000 per acre for commercial/industrial
development or schools (based on the acreage after wetlands, areas below the 100-year flood
elevation, and areas below the ordinary high water level of lakes and streams are deducted).
Page 18
BACKGROUND
The City of Plymouth has been utilizing park dedication fees since 1979. Those fees were reviewed
and/or adjusted on an annual or semi-annual basis up until 2008. In 1979 the park dedication residential
rate was $330/unit and the current rate established in 2008 is $6,500/unit. Park dedication rates have
been at $6,500/unit for the last seven years.
On an annual basis, the Minnesota Park and Recreation Association (MRPA) and/or member
organizations conduct a survey to track and benchmark community park dedication fees and
methodology. The most recent survey (2014) indicates that park dedication fees for residential property
varies from $2,850 per unit to $6,500 per unit. Although it is interesting to review and compare fees, the
data is of little value because it does not reflect each unique park dedication formula and methodology,
nor the difference in land values from city to city.
Each community establishes its own park dedication formula or methodology. Some common park
dedication methodologies for residential development include:
Fixed cash dedication fee based on acreage or dwelling units
Cash fee based on anticipated population
Cash or land equal to a percentage of land value or area
Other
330
825
1,600
6,000
6,500
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013
Residential Per Unit Rate
Page 19
Like Plymouth, many of these communities have not increased park dedication fees in the last three to
five years. It is also important to note that most cities use a mix of land and cash dedication, either in
tandem or as separate options.
In addition to residential park dedication fees, most communities also utilize a formula for
commercial/industrial development. Similar to residential park dedication fees, each community
establishes their own formula or methodology as referenced above.
PLYMOUTH - PARK DEDICATION FORMULA
Plymouth’s park dedication methodology is a formula which takes into consideration a variety of factors
including proportional per capita share, number of residents/employees (proposed in development and
city wide), the total park land area identified in the Comprehensive Plan, undeveloped land value
current assessed value at time of platting or a sale price within one year of time of platting, which ever
is greater) and a maximum per unit cash payment of $6,500 for residential development and $8,000 per
acre of commercial/industrial development. The current park dedication formula utilizing the
6,500/unit cash fee equates to an $115,000/acre undeveloped land value.
Staff reviewed residential development data to determine an average per acre land value cost, used in
calculating park dedication. The annual combined average value was as high as $192,000 an acre in 2007
and as low as $126,250 per acre in 2012. It is important to highlight that since 2007 all of the land value
averages have been higher than the $115,000 land value reference above.
In addition to an increase in residential park dedication fees, consideration should be given to different
types of development. To date, there is no differentiation between the types of residential development
4,584
3,094
5,700
4,600
5,800
3,558
6,500
2,850
3,873
6,500
5,340
3,500
0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000
Apple Valley
Blaine
Bloomington
Brooklyn Park
Chanhassen
Eagan
EdenPrairie
Inver Grove Heights
MapleGrove
Plymouth
Shakopee
Woodbury
2014 RESIDENTIAL DEVELOPMENT COMPARISON
Page 20
when calculating park dedication; $6,500 per unit has been the number placed in the formula when
calculating dedication for a single family neighborhood, a senior housing neighborhood or another type
of multi-family neighborhood. The argument has been made that people living in an apartment unit
uses the parks system in a similar manner as people living in a single family home, therefore, the
decision has been to require the same dedication amount per unit.
In the past this has been true for senior housing projects as well. However, an argument could be made
that those living in senior facilities don’t use the parks system as much as single and multi-family
residents, and because of this a different per unit dedication amount could be considered.
LAND VALUES
Mentioned earlier in the report, the value of land is established at the time of platting and is generally
either the current assessed value or the value based on a sale that has occurred within the past year.
Because the developer has not closed on the property at the time of platting and release of the final
plat, the actual developer’s price is not known and therefore not used in the calculation. In some
instances, if the City is purchasing additional land, the developer has disclosed the purchase price of the
property that is then used in the park dedication formula.
Below is a chart showing actual sale prices paid by developers for recent neighborhoods. Residential
land acquisition data from the Hennepin County Assessors office indicates that per acre sales values in
the last quarter of 2014 and beginning of 2015 are in the range of $150,289 to $241,176.
Several notable land acquisitions this past year were:
PID or
Development Name
Sale
Date
Sale
Price Acres
Indicated Price
Per Acre from Sale
ISD 284 – CSAH 47 land swap 6/2/2014 $6,251,000 31.95 $195,649
ISD 284 – WHS/Creekside Unknown $7,200,000 38.3 $187,990
City of Plymouth 10/6/2014 $3,701,800 18.07 $204,859
Brynwood (Begin Property) 10/6/2014 $9,200,000 39.35 $233,799
Source: Hennepin County Assessors Office – 2014-2015 LandAcquisition in Plymouth
PARK DEDICATION RECOMMENDATION
Staff recommends increasing the cash payment required in lieu of land dedication from a maximum cash
payment of $6,500 per dwelling unit for residential development to $7,500 per dwelling unit. Staff is not
recommending any adjustment to the commercial/industrial park dedication fee.
The increase in the residential development cash payment is necessary so that the Park Dedication Fund
is able to pay for the acquisition of land and/or open space for future park facilities and development of
new parks, playgrounds and open space areas for the community. The estimated build-out cost of the
Page 21
park system is just over $28 million, which includes acquisition and development of neighborhood parks,
the Northwest Greenway, new trails, and other projects.
A 10 year analysis of the Park Dedication Fund was completed to forecast the viability of the fund, taking
into consideration projected residential development, park system build-out cost, investment interest
and inflation. Based on this information, without a fee increase and/or incremental increases in the
coming years, the fund will be depleted by 2022.
Future Residential Park Dedication Cash Fee Options
If there is no increase or changes to the park dedication fees (remains at $6,500 per unit), the fund will
have a negative cash balance in 2022 and an estimated funding gap of $8,868,845.
Option #1 – a $1,000 increase in 2015 and a $500 increase in years two through ten. The fund will have
a negative cash balance in 2024 and an estimated funding gap of $3,127,643.
Option #2 – a $1,000 increase in 2015 and 5% annually thereafter. The fund will have a negative cash
balance in 2024 and an estimated funding gap of $3,669,606.
Option #3 – a $1,000 increase for years 2015 through 2020 and $500 annually increase thereafter. The
fund will have a negative cash balance in 2025 and an estimated funding gap of $528,575.
Staff recommends that park dedication fees are reviewed and adjusted on an annual basis.
10,000,000)
8,000,000)
6,000,000)
4,000,000)
2,000,000)
2,000,000
4,000,000
6,000,000
8,000,000
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Park Dedication Fund Cash Balances
Page 22
New Inflated
Development Year 2015 Cost Cost At Const¹
New Trails 100.00%2015 0 0
Land Acquisition 100.00%2015 300,000 300,000
Trail Crossing 100.00%2015 0 0
Neighborhood Parks 100.00%2015 125,000 125,000
Northwest Greenway Trail 100.00%2015 200,000 200,000
New Trails 100.00%2016 510,000 510,000
Land Acquisition 100.00%2016 400,000 400,000
Trail Crossing 100.00%2016 1,600,000 1,600,000
Neighborhood Parks 100.00%2016 400,000 400,000
Northwest Greenway Trail 100.00%2016 900,000 900,000
Parking Lot Repair/Replacement 100.00%2016 650,000 650,000
New Pump Track 100.00%2016 90,000 90,000
New Trails 100.00%2017 35,000 35,000
Land Acquisition 100.00%2017 400,000 400,000
Add/Replace Outdoor Hockey Rinks 100.00%2017 300,000 300,000
Neighborhood Parks 100.00%2017 420,000 420,000
Northwest Greenway Trail 100.00%2017 1,100,000 1,100,000
Outdoor Turf Field 100.00%2017 1,000,000 1,000,000
New Trails 100.00%2018 300,000 300,000
Land Acquisition 100.00%2018 400,000 400,000
Neighborhood Parks 100.00%2018 420,000 420,000
Northwest Greenway Trail 100.00%2018 2,100,000 2,100,000
Park Lighting 100.00%2018 100,000 100,000
New Trails 100.00%2019 200,000 200,000
Land Acquisition 100.00%2019 500,000 500,000
New Trails 100.00%2020 350,000 350,000
Neighborhood Parks 100.00%2020 500,000 500,000
Park Lighting 100.00%2020 120,000 120,000
10th Playfield Land Development 100.00%2020 4,000,000 4,000,000
Parks & Trails 100.00%2021 2,316,000 2,385,480
Parks & Trails 100.00%2022 2,316,000 2,385,480
Parks & Trails 100.00%2023 2,316,000 2,385,480
Parks & Trails 100.00%2024 2,316,000 2,385,480
Parks & Trails 100.00%2025 2,316,000 2,385,480
Total 29,000,000 29,347,400
City of Plymouth
Park Dedication Fund
Capital Expenditure Projections
Page 23
Inflation factored in for project costs beyond the 2016-2020 CIP document. Construction
inflation is factored at 3%. Land inflation is factored at 15%. Inflation already a consideration
when preparing the Capital Improvement Program.
Page 24
SPECIAL
COUNCIL MEETING
November 24, 2015
Agenda
Number: 2B
To: Mayor and Council
Prepared by: Dave Callister, City Manager
Reviewed by:
Item: Set Future Study Sessions
Pending Study Session Topics
At least 3 Council members have approved the following study items on the list):
None at this time.
Other Council requests for Study Session Topics:
None at this time.
Staff requests for Study Session Topics:
Council Goals and Legislative Priorities for 2016
Board and Commission Recognition Event (select date and determine format)
Attached are calendars to assist with scheduling of study sessions.
Page 1
December 2015
3400 Plymouth Boulevard
Plymouth, MN 55447 OFFICIAL CITY CALENDAR Phone: 763-509-5000
Fax: 763-509-5060
7:00 PM
PLANNING
COMMISSION
MEETING
Council Chambers
SUN MON TUE WED THU FRI SAT
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31
7:00 PM
CHARTER
COMMISSION
ANNUAL MEETING
Medicine Lake Room
7:00 PM
ENVIRONMENTAL
QUALITY COMMITTEE
EQC) MEETING
Council Chambers
7:00 PM
PARK & REC
ADVISORY
COMMISSION
PRAC) MEETING
Council Chambers
CHRISTMAS DAY
7:00 PM
PLANNING
COMMISSION
MEETING
Council Chambers
CITY OFFICES
CLOSED AT
NOON
7:00 PM
HRA MEETING
Medicine Lake Room
SUN TUESMON WED THUR FRI SAT
Hanukkah
Begins atSunset
CHRISTMAS EVE
CITY OFFICES
CLOSED
Modified on 08/18/15 REDCHA CHANGES ARE MADE IN REDES
7:00 PM
REGULAR COUNCIL
MEETING
Council Chambers
2:00-5:00 PM
Old Fashioned
Christmas
Plymouth Historical
Society Building
6:00 PM -9:00 PM
New Years Eve
Event
Plymouth Ice Center
6:00 PM
SPECIAL COUNCIL
MEETING
Board and Commission
Interviews
Medicine Lake Room
Page 2
SUN MON TUE WED THU FRI SAT
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
January 2016
3400 Plymouth Boulevard
Plymouth, MN 55447 OFFICIAL CITY CALENDAR Phone: 763-509-5000
Fax: 763-509-5060
7:00 PM
PLANNING
COMMISSION
MEETING
Council Chambers
7:00 PM
REGULAR COUNCIL
MEETING
Council Chambers
7:00 PM
ENVIRONMENTAL
QUALITY
COMMITTEE
EQC) MEETING
Medicine Lake Room
7:00 PM
PARK & REC
ADVISORY
COMMISSION
PRAC) MEETING
Council Chambers
7:00 PM
PLANNING
COMMISSION
MEETING
Council Chambers
7:00 PM
HOUSING AND
REDEVELOPMENT
AUTHORITY (HRA)
MEETING
Medicine Lake Room
SUN TUESMON WED THUR FRI SAT
MARTIN LUTHER
KING JR.
BIRTHDAY
Observed
NEW YEAR’S DAY
CITY OFFICES
CLOSED
7:00 PM
REGULAR COUNCIL
MEETING
Council Chambers
CITY OFFICES
CLOSED
Modified on 08/27/15 CHANGES ARE NOTED IN RED CHACHANGES ARE MADE IN REDNGES
Page 3
SUN MON TUE WED THU FRI SAT
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29
SUN TUESMON WED THUR FRI SAT
February 2016
3400 Plymouth Boulevard
Plymouth, MN 55447 OFFICIAL CITY CALENDAR Phone: 763-509-5000
Fax: 763-509-5060
7:00 PM
PLANNING
COMMISSION
MEETING
Council Chambers
7:00 PM
REGULAR COUNCIL
MEETING
Council Chambers
7:00 PM
ENVIRONMENTAL
QUALITY
COMMITTEE
EQC) MEETING
Medicine Lake Room
7:00 PM
PARK & REC
ADVISORY
COMMISSION
PRAC) MEETING
Council Chambers
7:00 PM
PLANNING
COMMISSION
MEETING
Council Chambers
7:00 PM
HOUSING AND
REDEVELOPMENT
AUTHORITY (HRA)
MEETING
Medicine Lake Room
PRESIDENTS
DAY
CITY OFFICES
CLOSED
Modified on 08/27/15 CHACHANGES ARE MADE INREDNG
7:00 PM
REGULAR COUNCIL
MEETING
Council Chambers
Page 4
SUN MON TUE WED THU FRI SAT
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31
March 2016
3400 Plymouth Boulevard
Plymouth, MN 55447 OFFICIAL CITY CALENDAR Phone: 763-509-5000
Fax: 763-509-5060
7:00 PM
PLANNING
COMMISSION
MEETING
Council Chambers
7:00 PM
ENVIRONMENTAL
QUALITY
COMMITTEE (EQC)
MEETING
Medicine Lake Room
7:00 PM
PLANNING
COMMISSION
MEETING
Council Chambers
7:00 PM
HOUSING AND
REDEVELOPMENT
AUTHORITY
HRA) MEETING
Medicine Lake Room
7:00 PM
REGULAR COUNCIL
MEETING
Council Chambers
Modified on 09/30/15 CHACHANGES ARE MADE IN REDN
7:00 PM
REGULAR COUNCIL
MEETING
Council Chambers
Daylight Savings
Time Begins
SUN TUESMON WED THUR FRI SAT
7:00 PM
PARK & REC
ADVISORY
COMMISSION
PRAC) MEETING
Council Chambers
PRECINCT
CAUCUSES
Page 5