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25 - Motor Vehicle Licensing DivisionMOTOR VEHICLE LICENSING DIVISION This division operates a deputy registrar office that handles the registration and licensing of motor vehicles, boats, snowmobiles, ATV's and the issuance of fishing and hunting licenses. This department processes limited drivers licenses. The majority of the registration fees are remitted to the State but this office retains a portion as a fee for its services and transfers monies to the General Fund to help reduce the impact on taxpayer. STAFFING Motor Vehicle Supervisor 1 Motor Vehicle License Clerks 4 Transactions 2019 56,602 2020 30,290 2021 35,653 2022 49,113 CITY OF GOLDEN VALLEY MOTOR VEHICLE LICENSING FUND Actual 2020 Actual 2021 Adopted 2022 Estimated 2022 Concept 2023 Adopted 2023 Concept 2024 Percent Percent Percent Percent Percent Percent Percent Revenue Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total MNLARS Grant $0 0.0% $0 Registration Fees 239,096 89.0% 309,315 98.1 % 500,325 94.0% 500,325 94.0% 517,800 94.1% 520,000 94.2% 570,000 94.7% DNRTransac6ons 6,553 2.4% 6,695 2.1% 13,200 2.5% 13,200 2.5% 13,200 2.4% 13,200 2.4% 13,200 2.2% Limited Licenses 11,544 4.3% 0 0.0% 10,000 1.9% 10,000 1.9% 10,000 1.8% 10,000 1.8% 10,000 1.7% Miscellaneous (416) -0.2% 1,235 0.4% 1,500 0.3% 1,500 0.3% 1,500 0.3% 1,500 0.3% 1,500 0.2% Interest Earnings 12,015 4.5% (1,875) -0.6% 7,500 1.4% 7,500 1.4% 7,500 1.4% 7,500 1A% 7,500 1.2% TOTALS $268.792 100.0% $315,370 100.00%6 $532,525 100.0% $532,525 100.0% $550,000 100.0% $552,200 100.0% $602,200 100.0% DIVISION: Motor Vehicle (086) OBJECT DESCRIPTION Personal Services 6110 Salaries -Regular Employees 6111 Overtime -Regular Employees 6130 Salaries -Temporary Employees 6150 Employee Insurance 6160 Retirement TOTAL Personal Services Supplies and Services 6320 Operating Supplies 6340 Professional Services 6344 Use of Personal Auto 6382 Contractual Maintenance 6390 Rentals 6411 Conferences and Schools 6413 Dues and Subscriptions 6440 Contractual Services TOTAL Supplies and Services Capital Outlav 6960 Capital Outlay TOTAL Capital Outlay Transfers 7110 Permanent Transfers 7220 Overhead Transfers TOTAL Transfers TOTALS CITY OF GOLDEN VALLEY 2023 - 2024 OPERATING BUDGET Program: Motor Vehicle Registration (7200) 2020 2021 2022 2022 2023 2023 2024 ACTUAL ACTUAL ADOPTED ESTIMATED CONCEPT ADOPTED CONCEPT $286,004 $294,820 $324,090 $318,325 $350,065 $353,885 $377,555 2,798 1,512 3,605 4,500 3,710 4,500 4,500 - 5,269 - 12,570 - - 75,069 79,699 77,780 77,780 80,115 84,930 90,610 369870 44,266 42,130 359015 45,510 38,930 41,535 400,741 425,566 447,605 448,190 479,400 482,245 514,200 6,989 644 1,500 27,168 980 1,092 38,373 2,268 2,000 594 640 1,542 1,400 1,500 1,600 27,478 27,200 149 2,850 660 1,595 86 740 34,277 38,025 2,320 2,000 1,620 640 2,000 1,400 1,500 1,600 27,500 27,200 650 650 440 1,595 740 740 36,770 35,825 2,000 2,000 640 700 2,000 2,000 1,600 1,600 27,500 27,500 650 3,150 800 1,000 740 740 35,930 38,690 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 $499,114 $519,843 $545,630 $544,960 $575,225 $578,175 $612,890 CITY OF GOLDEN VALLEY MOTOR VEHICLE LICENSING FUND NET ASSETS ANALYSIS * Net Assets @ 01 /01 /22 Estimated Revenue - 2022 Estimated Expenses - 2022 Excess of Revenue Over (Under) Expenses Estimated Net Assets @ 12/31/22 Adopted Revenue - 2023 Adopted Expenses - 2023 Excess of Revenue Over (Under) Expenses Projected Net Assets @ 12/31 /23 Concept Revenue - 2024 Concept Expenses - 2024 Excess of Revenue Over (Under) Expenses Projected Net Assets @ 12/31/24 $464, 541 $532,525 544,960 (12,435) $452,106 552,200 578,175 (25,975) $426,131 602,200 612,890 (10,690) $415,441 * Net Assets is defined as current assets minus current liabilities.