1. CITY OF LAKE ST. CROIX BEACH December 15, 2014 Final Proposed Budget and Levy Meeting

2. 2015 Council Goals and Objectives To provide an orderly and efficient program for capital expenditures Increased General Fund expenditures by only 1.52% from 2014 (less than current rate of inflation) Created a Special Revenue Fund Revenues: 10% Gaming revenue and General Fund Transfers Expenditures: Heritage Days, Community Donations, and Playground and Park Equipment Created a City Hall Building and Maintenance Fund Revenues: $$ that was set aside to pay the debt service on the City Hall bond Expenditures: Refer to Facilities Condition Report (TBD) To keep the need for public expenditures at the lowest level possible consistent with providing essential services To hire a fulltime City Clerk-Administrator to seek out grants, serve as Emergency Management Director, and Code Enforcement Officer, and other services that used to be delegated to other contract staff Find new revenues sources, including paying off the City Hall bond and generating new revenue through new fees

3. 2015 Staff Goals and Objectives To find efficiencies that will reduce staff time and costs Codify the city’s code of ordinances Eliminate the city’s dependency of LGA to fund city day- to-day operations Dedicate the city’s LGA funds towards the city’s capital Street Fund Create a $7,000 contingency fund

4. 2015 Proposed Revenues Property taxes account for 68% of the city’s revenues For all other cities in Minnesota property taxes account for approximately 46.5%

5. 2015 Proposed Expenditures The two largest expenditure categories are Streets (22%) and Public Safety (23%) For all other MN cities the three largest expenditure categories are Public Safety (40.7%), General Government (15.9%), and Streets (15.2%)

6. Property Tax Levy from 2005-2015

7. Property Tax Rates from 2005-2014 Why did the Property Tax Rate jump in 2012? The switch from MVHC to an MV Exclusion Credit For additional information click on the below link: http://www.revenue.state.mn.us/propertytax/ Documents/hmve-taxpayers.pdf http://www.revenue.state.mn.us/propertytax/ Documents/hmve-taxpayers.pdf

8. Questions