11-12-24 City Council Work Session Agenda November 12, 2024 — 6:30 PM
Council Conference Room
Hybrid Meeting
1.Presentation and Discussion - League of Minnesota Cities
2.User Experience Framework Plan (also known as Downtown Study)
3.Site Plan Review and Public Hearing Process Code Amendments
4.Review Quarterly Reports for Select City Funds
5.Council Review of Future Draft Agendas
CITY COUNCIL WORK SESSION AGENDA
City Council Work Sessions are being conducted in a hybrid format with in-person and remote options
for attending.
Remote Attendance: Members of the public may attend this meeting by streaming via Webex, or by
calling 1-415-655-0001 and entering access code 2632 227 4533 and webinar password
1234. Additional information about attending electronic meetings is available on the City website .
Discussion Item(s)
Council Work Session meetings have an informal, discussion-style format and are designed for the
Council to obtain background information, consider policy alternatives, and provide general directions
to staff. No formal actions are taken at these meetings. The public is invited to attend Council Work
Session meetings and listen to the discussion; public participation is allowed by invitation of the City
Council.
City of Golden Valley City Council Work Session November 12, 2024 — 6:30 PM
1
EXECUTIVE SUMMARY
City Manager's Office
763-512-2345 / 763-512-2344 (fax)
Golden Valley City Council Work Session
November 12, 2024
Agenda Item
1. Presentation and Discussion - League of Minnesota Cities
Prepared By
Noah Schuchman, City Manager
Summary
Staff from the League of Minnesota Cities will be present to discuss the work of the League, the
League's insurance trust, and planning for the upcoming legislative session.
2
EXECUTIVE SUMMARY
Community Development
763-512-2345 / 763-512-2344 (fax)
Golden Valley City Council Work Session
November 12, 2024
Agenda Item
2. User Experience Framework Plan (also known as Downtown Study)
Prepared By
Christine Costello, Housing & Economic Development Manager
Summary
On December 19, 2023, the City Council approved the Hennepin County Planning Grant through the
Business Development Initiative Fund to help fund the Streetscape Improvement and Wayfinding
Systems Plan. Hennepin County offers funding to municipalities to support long-range planning
studies. The City of Golden Valley's Community Development Director commissioned this study to help
the City understand the impacts of redevelopment and revitalization efforts on our streetscape and
the need for signage to direct users of the downtown to key assets. This work builds off previous
studies, such as the 3-phase downtown redevelopment study completed in 2021 and the 2018 Urban
Land Institute Golden Valley Downtown West plan.
The User Experience Framework examined how the City should improve downtown at the pedestrian
level to enhance the character, circulation, accessibility, as well as support redevelopment possibilities
in the downtown area. In 2021, the City published a study of existing conditions. While this study
identified potential redevelopment patterns and land uses for downtown, the User Experience
Framework will take the next step towards rethinking of the streetscape. Wayfinding design can
improve circulation and access in the area.
Community Collaboration
This project was intended to be a collaborative visioning effort with the community and relied heavily
on feedback from the public. The City was interested in gathering input from a diverse range of
community members and stakeholders to understand the existing user experience of downtown
Golden Valley. At the June 11 Council work session, the consultant team presented the public
engagement plan for the project. Discussion at the work session identified important destinations and
amenities, and opportunities for improving the future user experience of the downtown area.
The draft report is available on the City website: https://www.goldenvalleymn.gov/793/Streetscape-
And-Wayfinding-FrameworkValley, MN
Engagement Opportunities
The project provided multiple opportunities for the public to engage with this project throughout its
duration. The engagement provided over 415+ responses. Engagement included:
3
Online survey
Virtual Open House #1
Golden Valley Pride
Market in the Valley
Concert in the Park
Workshop with Development Community
Downtown Stakeholder Meeting
Virtual Open House #2
The public engagement resulted in three common themes that led in the prioritization of
recommendations for implementation:
Focus Common Theme
Destinations
Destinations people visits most are the
library, shopping centers, post office, and
dining spaces.
Grocery stores and additional public spaces
were the most common request/missing
destination for people.
Public Gathering Space
Public spaces that are centrally located,
cohesive, and easily accessible were the
most important to people, as they felt like
this is missing from downtown.
Streetscape and Mobility
Winnetka Avenue and golden Valley Road
were streets where people want accessible
routes.
Landscaping and improvements to the
pedestrian and cycling network were
important for people.
Improving intersection safety, especially at
connections to Highway 55, are also
important priority for people.
Market Gap Analysis
A wide range of data was reviewed from public and private sources to conduct this analysis, including
real estate leasing and sales data, parcel valuation and usage, and anonymized mobile phone travel
patterns. Through the analysis of the data findings, the market elements of the Downtown Used
Experience Framework began to emerge.
The data demonstrated that the mix of restaurants, retail, medical professional services, and personal
and consumer services provide a viable supply of businesses in much of the downtown area, how
improvements could be made at the parcel level, and how individual parcels are connected to each
other (i.e, parcels surrounded by parking that are not connected to each other). The data also showed
that Bassett Creek represents a potential distinguishing amenity to downtown users, such as providing
a more direct access to this natural amenity. Lastly, the industrial use to the north of Bassett Creek
continues to be viable and stable and provides a valuable source of employment in the community.
4
The market analysis also showed that Golden Valley's retail vacancy is limited, and that office leasing
and sales are stable compared to other more concentrated areas of office space. Within the
downtown area the current listings are mostly for office use. The market gap analysis showed that
several downtown parcels are considered underutilized, meaning they have a relatively small building
surrounded by large parking lots. Parcels with lower or falling utilization rates are more viable
candidates for acquisition and redevelopment in the future.
Based on relative density of land use and overall valuation and utilization, additional development in
downtown Golden Valley appears viable for multifamily housing, medical uses, commercial and certain
retail concepts. Every parcel in the downtown study area is currently occupied by one or more
buildings—therefore, opportunities for expansion largely lie in the redevelopment of existing space
into different and/or more efficient use types with higher utilization rates.
Framework Plans
Based on the common themes from the public engagement process and the market gap analysis, a
couple concept plans were developed that worked to establish initiatives that would provide a vision
for the downtown area. These initiatives included:
An active frontage along Golden Valley Road to create a 'Main Street"
New north/south connection from Golden Valley Commons to the Library
Build a public park around the water
Provide connection and wayfinding from Luce Line Trail to downtown area
Connect Golden Valley Commons and Golden Valley Shopping Center with a defined active
street
Locate a new BRT station proximate to retail and/or public open space
Plan Implementation
The implementation of the User Experience Framework Plan will be determined by a number of
variables and decisions. It will be important to strategically implement the most fundamental parts of
the vision to build momentum toward the more complex objectives, such as city code revisions. The
final product is a report that covers existing conditions, access and circulation plans, streetscape and
wayfinding guides, conceptual design standards, a phasing plan for short to long term implementation,
best practices, and recommendations. It can serve as a basis for capital improvement planning and
budgeting. The final documents will be presented by the end of the year at a City Council meeting for
acceptance and approval.
Financial or Budget Considerations
Currently budgeted for in the Capital Improvement Plan for downtown revitalization efforts. The
apportioned cost to the City is $35,000 of the $85,000 contract. The Hennepin County Grant is applied
to the difference of the total cost.
Legal Considerations
Not applicable at this time.
Equity Considerations
Access and transparency were critical to this project. All program flyers were translated into Spanish
and Russian and every effort to engage with marginalized populations were adhered to during the
public engagement process.
5
Recommended Action
Listen and provide feedback on a presentation by Van Meter Williams Pollack and Toole Design, the
Consultants for the development of the Downtown Golden Valley User Experience Framework.
Supporting Documents
Golden Valley Landuse Map
Festival Street Rendering
6
7
8
EXECUTIVE SUMMARY
Community Development
763-512-2345 / 763-512-2344 (fax)
Golden Valley City Council Work Session
November 12, 2024
Agenda Item
3. Site Plan Review and Public Hearing Process Code Amendments
Prepared By
Jacquelyn Kramer, Senior Planner
Summary
Periodically, the city will update the zoning ordinance. At this time staff propose two changes:
1. Expansion of the use of the Site Plan review process.
2. Revisions to the public hearing process for planning applications.
Site Plan Review Update
In accordance with City Code Subsection 113-32(b), Site Plan review standards are established to
promote development that is compatible with nearby properties, neighborhood character, and
natural features, and consistent with the Comprehensive Plan and/or area plans adopted by the City
Council. The regulations are intended to minimize pedestrian and vehicular conflict, to promote public
safety, and to encourage a high quality of development. The regulations recognize the unique
character of land and development throughout the City and the need for flexibility in site plan review.
Currently, site plan approval is required prior to issuance of City permits for any proposed
construction within the Mixed-Use Zoning District. This agenda item is intended to discuss with the
Council the potential of expanding the use of the Site Plan tool.
The purpose of requiring site plan review for more planning applications is to formalize and streamline
the City’s existing informal review process, provide comprehensive feedback for applicants, increase
transparency, and collect revenue to help offset staff time spent evaluating pre-application concepts.
The expansion of the Site Plan Review process will help applicants better prepare plans and
applications for planning commission review and city council action.
Planning Commission discussed this code update on September 23, 2024. Please see the attached
meeting minutes for details.
Public Hearing Process Update
Currently, the city code requires most planning applications (comprehensive plan amendments, plats,
zoning map amendments, zoning text amendments, conditional use permits, and planned unit
9
developments) to go through two public hearings before city council takes action on the application.
Planning commission holds an informal public hearing and city council holds the official or formal
public hearing.
Staff recommends simplifying the public hearing process by allowing the planning commission to hold
the official or formal public hearing and removing the requirement that city council hold a public
hearing before taking action on a planning application. Public hearings at planning commission would
require a notice to be posted in the local newspaper and mailed notices sent to properties near the
project site. City Council would still have the option of taking public comments before acting on an
application.
The purpose of modifying the public hearing process is to eliminate confusion by residents on when
their comments will be heard in the review process, simplify the approval process for applicants,
reduce the time and expense spent on hearing notices, and to allow all public comments to be
received by the city before the city council meeting thereby ensuring all public comments are included
in the staff report to city council.
Summary of Proposed Changes to Zoning Code:
1. Updated site plan review purpose statement
2. Update to site plan review applicability section
a. Site plan design review will now be required in any of the following circumstances:
i. The new construction of a nonresidential building.
ii. The expansion, remodel, or alteration of any building by more than 10 percent of its
existing floor area.
iii. A change of zoning use resulting in greater impacts on traffic, parking, noise or
other factors.
iv. Construction and reconstruction of structures within ingress/egress easements.
b. The following activities shall not require site plan design review:
i. Permits authorizing residential construction for single-family residential uses,
duplexes, and accessory dwelling units.
ii. Any activity that is not considered a change in use.
iii. Any activity on the exterior of a nonresidential building that does not exceed a 25
percent change in any existing facade or roof form.
iv. Development Activity approved via a previous site plan associated with an existing
and current CUP, Development Agreement, or PUD.
v. Interior alterations.
vi. Normal building maintenance and repair.
vii. Public trails, playgrounds, parks, ballfields, or other public facilities, amenities, and
appurtenances.
3. Additional language in the “Information Required” and “Site Plan Review” sections to provide
more details and guidance for applicants
4. New site plan “Approval Process” section outlining how applications will be approved by city
staff.
5. Updates to the pre-application conference and definition sections of the zoning code to align
with proposed changes to the site plan process.
6. Modifications to several sections of the code to allow planning commission to hold formal public
hearings on planning applications.
10
Financial or Budget Considerations
Staff anticipate these two code changes will result in either increases in city revenue or decreases in
staff hours for processing planning applications. Exact impacts to the city budget have not been
calculated at this time.
Legal Considerations
The City Attorney will review the ordinance before it is brought to City Council for action.
Equity Considerations
The City’s Equity and Inclusion Manager has reviewed the draft ordinance and provided feedback to
planning staff.
Recommended Action
None at this time. Staff asks City Council to provide comments or questions on the proposed changes.
Supporting Documents
Planning Commission_Meeting Minutes- 09-23-2024.pdf
11
CITY OF GOLDEN VALLEY
PLANNING COMMISSION MEETING MINUTES
Monday, September 23, 2024 – 6:30 p.m. | City Hall Council
Chamber 7800 Golden Valley Road Golden Valley, MN 55427
1. CALL TO ORDER AND LAND ACKNOWLEDGEMENT
• Chair Ruby called the meeting to order at 6:30 p.m. and read the Land Acknowledgement
• Regular Members Present: Barnstorff, Brookins, Cohen, Ruby, Segelbaum, Sicotte, Van Oss
• Regular Members Absent: None
• Student Member, Status: Vacant
• Staff Members Present: Darren Groth, Assistant Comm. Dev. Director
Jacquelyn Kramer, Senior Planner
Steven Okey, Associate Planner
• Council Member Present: NONE
2. CONSENT AGENDA: Cohen motioned to approve the consent agenda, as
presented. Van Oss seconded. Commission
voted 5-0 to approve.
3. PUBLIC HEARINGS: NONE
4. NEW BUSINESS:
a. Site Plan Code Amendment
• Kramer introduced the Site Plan Code Amendment for work session. Outlined what was in the
agenda packet for the meeting. Noted that the new process as proposed would be
administrative rather than through the Planning Commission and that appeals would go through
the BZA rather than City Council. She also gave an overview of the process for site plan review.
She then stated what staff would like to get from the Planning Commission and the timeline.
• Segelbaum brought up the issues of projects stalling after approval and asked what can be done
to insure these projects do not drag on. He noted the two-year time limit that is in the proposed
Site Plan Code amendment.
• Groth explained the two-year time limit reasoning, that it is a commonly used timeframe locally
and that it aligns with other project processes.
• Ruby asked a clarifying question as to what constitutes the start of the project and how do we
insure they keep on track with the project.
• Groth explained that it is when real costs are expended for the project.
• Ruby asked about how do we make sure the site is maintained to City standards.
• Groth noted that prior to the start of the approved project they are required to maintain the
parcel to the standards of City code.
• Segelbaum followed up to clarify how do we insure the project is completed in a timely manner.
• Groth explained that once a site plan is submitted and you have submitted the building permits
you are subject to the time limits imposed. For building permits the expiration of building
permits is 180 days with a possibility of an extension for another 180 days. Planning does not
have the tools to make sure the project is moved forwards but we do have the building permit
process and deadlines to rely on.
• Segelbaum then asked could we use the site plan process to hold someone accountable to
project completion, could we require that they submit a new application after a certain time
period.
• Groth noted that with our new permitting system we will have a better way to track progress
and that permits will all be tied together. This will allow us to hold them to a timeline. 12
CITY OF GOLDEN VALLEY
PLANNING COMMISSION MEETING MINUTES
Monday, September 23, 2024 – 6:30 p.m. | City Hall Council
Chamber 7800 Golden Valley Road Golden Valley, MN 55427
• Cohen brought up the Xenia project and how the project had many stops and starts as an
example of a how we need to have some sort of mechanism to insure timely project progress.
• Ruby asked if what other mechanisms can we use to hold developers to a timeline, not
necessarily within the site plan review process. He asked would we use tax incentives.
• Groth did use TIFs as an example of how to hold developers accountable. He noted that we
could use some sort of contract process and explained how phasing plans could be used as a
mechanism.
• Brookins asked if there were processes such as performance bonds, letters of credit or other
mechanisms we could use.
• Groth noted that used performance requirements for the Sentinel project.
• Sicotte asked about the requirements for utility plans be provided for the site plan review
process.
• Kramer noted that we have other departments reviewing the site plan review applications to
make sure it if okay to move forward.
• Brookins reiterated the importance of knowing how a project will be served by the utilities.
Ruby asked for clarity on why it only applies to nonresidential or additions to single-family
dwellings.
• Barnstorff pointed out that there is a requirement for utility plans.
• Groth explained that there is different process for new single-family builds.
• Brookins noted that there needs to be some clarification of the definitions of the different types
of dwellings.
• Ruby suggested that it may be a good idea to adapt the checklist on they type of project.
• Cohen commented that the changes are clearer and that the ambiguities have been removed.
• Van Oss asked about what mechanisms are there for public input since this is an administrative
review.
• Groth agreed that certain language should be more well defined. He noted that with future
code changes we may institute some form of noticing for the site plan review process.
• Ruby suggested that we remove section D-#1 & #2 at this time to remove any subjectivity.
• Sicotte asked how the process aligns with the Planning Commission.
• Kramer noted that if there were other entitlements necessary would Planning Commission be
brought into the site plan review process.
• Van Oss noted that large projects would still likely be brought before the Commission.
• Groth noted that the site plan process is required for the entitlements that end up being
brought to the Commission.
• Brookins brought up how does the site plan review process tie into zoning code changes.
b. Small Cell Wireless Code Amendment
• Okey presented the Small Cell Wireless Code Amendment. He noted that we currently have a
solid code for Small Cell Wireless installations. He also did a broad overview of what small cell
wireless facilities are and what they accomplish. He noted that our current code does have an
administrative process in place. He noted that there were changes in the Minnesota Statute in
2023 related to location requirements and that our code needs to be updated to be in line with
the requirements. Possible areas of research are how to handle the private versus public lands
and how the shot clock is applied to colocation versus new poles.
• Ruby asked how does this process start?
• Okey explained that an application would be submitted by either one of the large carriers or
perhaps a consultant group on behalf of one of the large carriers.
• Ruby asked about the question of equity and can we insure that there is an equitable
distribution of new facilities. 13
CITY OF GOLDEN VALLEY
PLANNING COMMISSION MEETING MINUTES
Monday, September 23, 2024 – 6:30 p.m. | City Hall Council
Chamber 7800 Golden Valley Road Golden Valley, MN 55427
• Okey explained that we cannot require they locate in a certain area.
• Ruby asked to clarify that we are not able to.
• Groth explained that we cannot require it but gave an example of private property owners have
approached providers to get them to place facilities on their land.
• Ruby asked if the wireless carriers could make a contract with private landowners to locate their
facilities on their properties. He then asked in that case would they still need to come through
the city.
• Okey confirmed that they would still have to file a permit with the city. Both for private and
public
• Ruby asked if we could dictate design standards.
• Okey stated that we can ask for design standards. And brought up that there is some confusion
regarding what we can require on private property. Can we require screening on private
property? He noted that the FCC rules are very specific for public ROW.
• Cohen brought up some of the health and safety concerns that may be brought up by residents.
• Okey there are allowances provided for anything that is a public health or safety concern. The
FCC does have studies available about the health concerns.
• Cohen asked the question how do we know what areas need the coverage.
• Okey stated this might be a question for one of the carriers.
• Sicotte asked if there are height requirements.
• Okey noted that the height requirements based on effectiveness is a technical question but that
we do have some height restrictions.
• Ruby asked if we have had any applications for these.
• Okey noted that he hasn’t had the time to dig too deeply but that one of the more recent ones
was to be installed on the water tower.
• Ruby brought up the subject of fiber optics and the push for more services.
• Okey noted that this was more of a right of way discussion for engineering and that it is
separate from small cell wireless.
c. Planning Commission Work Plan
• Kramer explained that the work plan is there as a vehicle for questions on the topics as well as
adding new items.
• Groth discussed what has been populated to the calendar for Planning Commission and City
Council.
5. COUNCIL LIAISON REPORT:
• Kramer updated the commissioners on the two recent Council Approvals.
o 5851 Duluth Street PUD Amendment with conditions– Approved Unanimously
o 6930 Olson Memorial Highway Subdivision – Approved with a vote of three to two
• Kramer also touched on the interviews for the youth member for Council. Groth confirmed that
no youth vacancies were filled.
6. STAFF COMMENTS:
• Kramer noted the hiring of Emily Goellner as the new Community Development Director.
7. COMMISSIONER UPDATES: NONE
14
CITY OF GOLDEN VALLEY
PLANNING COMMISSION MEETING MINUTES
Monday, September 23, 2024 – 6:30 p.m. | City Hall Council
Chamber 7800 Golden Valley Road Golden Valley, MN 55427
8. ADJOURNMENT: Chair Ruby adjourned the meeting at 7:53 p.m.
Approved by:
Attest By: Commission Secretary
Jacquelyn Kramer, AICP
Senior Planner
15
EXECUTIVE SUMMARY
Finance
763-512-2345 / 763-512-2344 (fax)
Golden Valley City Council Work Session
November 12, 2024
Agenda Item
4. Review Quarterly Reports for Select City Funds
Prepared By
Lyle Hodges, Finance Director
Summary
The financial status report includes the City's General Fund, two special revenue funds, and the five
enterprise funds of the City. In addition, the report contains a financial status update for the Housing
and Redevelopment Authority capital project fund which is legally separate from the City but
accounted for as a blended component unit per generally accepted accounting principles.
Financial or Budget Considerations
There are no financial or budgetary considerations for this item.
Legal Considerations
There are no legal considerations for this item.
Equity Considerations
There are no equity considerations for this item.
Recommended Action
Receive a presentation on the financial position of the City's funds.
Supporting Documents
2024 Q3 Report Presentation
2024 Q3 Financial Status Report
16
Third Quarter 2024
Financial Status
Update
City Council Work Session
November 12, 2024
17
Quarterly Report Overview
•Financial report as of September 30, 2024:
•General Fund
•Projected to collect more revenue then budgeted and spend less than budgeted
•Overall cash and fund balance projected to increase as a result
•Special Revenue and Capital Project Fund
•Expected to spend near budget in most funds
•Includes the operational budget of the HRA
•Enterprise Funds
•Planned capital investments will decrease cash position in most funds
•Operational revenues will exceed operational costs in all funds which helps
fund future project spending.
18
General Fund Summary
•Overall, General Fund revenue is expected to be over budget by approximately $1.3M
•Permit Revenue is anticipated to come in approximately $1.5M over budget
•Tax collections are expected to be $699,223 less than budgeted which represents a
collection rate of 97.4%, consistent with recent historical collection rates
•Other revenue categories are projected to finish 2024 relatively close to budget
•Since 2020, the General Fund has received an average of 104.3% of total budgeted revenues
•Overall, General Fund spending is expected to be under budget by approximately
$1.6M, largely due to vacancies in 2024
•Nearly all departments projected to be below budget at year end
•Police and Fire have the largest dollar savings which generally relates to personnel savings
•Around 60% of the General Fund budget is for personnel (salary and benefits) so staffing
levels, hiring replacements, and other personnel related changes are impactful to overall
spending
•Since 2020, the General Fund has spent an average of 97.2% of total budgeted expenditures
19
General Fund Summary
Note – City Management & Admin. includes City Council, City Manager, Legal, Admin Services, Communications, Finance, and Insurance.Public
works includes Building Maintenance, Park Maintenance, and Streets.
Revenues 2023 Budget
2023 Year
to Date
2023 Year End
Actual 2024 Budget
2024 Year
to Date
2024
Year End
Projected
Variance to
Budget
Projected
Amount as a
Percent of
Budget
2025 Proposed
Budget
Property Taxes 24,843,020$ 12,435,482$ 24,097,267$ 26,613,525$ 13,427,099$ 25,914,302$ (699,223)$ 97.4%27,800,845$
Licenses Fees Permits 1,231,020 2,317,057 3,276,286 1,613,270 2,878,404 3,170,000 1,556,730 196.5%2,010,325
Charges for Service and Fines 605,270 566,512 1,795,576 666,795 566,342 706,000 39,205 105.9%718,430
Transfers In 895,000 650,883 881,647 895,000 577,600 895,000 - 100.0%895,000
Investment Earnings & Other 294,900 138,322 1,026,058 322,100 166,194 320,000 (2,100) 99.3%361,100
Total Revenue 27,869,210 16,108,256 31,076,834 30,110,690 17,615,638 31,005,302 894,612 103.0%31,785,700
Expenditures
City Management & Admin 5,725,350 3,945,300 5,436,157 6,364,135 4,184,726 6,287,402 76,733 98.8%7,168,458
Police 7,705,215 4,107,919 6,087,127 8,533,560 5,526,507 7,750,000 783,560 90.8%2,506,743
FIre 2,184,600 1,267,436 1,812,500 2,318,220 1,424,151 2,100,000 218,220 90.6%8,021,047
Public Works 5,217,140 4,106,273 5,382,251 5,631,150 3,775,037 5,375,000 256,150 95.5%6,094,756
Parks & Recreation 1,453,140 972,503 1,241,464 1,528,070 872,609 1,395,000 133,070 91.3%1,583,750
Community Development 2,383,765 1,600,838 2,186,544 2,610,555 1,610,094 2,475,000 135,555 94.8%2,985,946
Contingencies - - - - - - - 150,000
Transfers Out 3,200,000 3,200,000 3,515,000 3,375,000 2,531,250 3,375,000 - 100.0%3,275,000
Total Expenditures 27,869,210$ 19,200,268$ 25,661,043$ 30,360,690$ 19,924,374$ 28,757,402$ 1,603,288$ 94.7%31,785,700$
Change in Fund Balance (250,000) 2,247,900 -
Fund Balance January 1 22,749,110 22,749,110 24,997,010
Fund Balance December 31 (Projected)22,499,110$ 24,997,010$ 24,997,010$
City of Golden Valley
General Fund
Financial Status Report
As of September 30, 2024
20
General Fund Summary
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
2020 Actual 2021 Actual 2022 Actual 2023 Actual 2024 Projected
General Fund Revenue & Expenditure
with Change in Cash and Fund Balance
2020-2024 (projected)
Expenditure Revenue Cash Fund Balance
•The projected cash balance for year-
end 2024 is $26.7 million, an increase
of $1.6 million compared to year-end
2023 cash of $25.1 million
•The projected fund balance for year-
end 2024 is $25.0 million, an increase
of $2.2 million compared to year-end
2023
21
Special Revenue Funds
•Special revenue funds account for revenue that is restricted for use on
specific activities. Fund balance is reported as restricted or committee for
the intended use
•There are two Special Revenue Funds in this Report:
•Community Services Commission – accounts for the activity of the CSC with revenue from
local gambling (pull tabs) and fundraisers. Expenditures of the fund go to local organizations
that address human services needs.
•Revenue and expenditures are both projected to exceed budgeted amounts, with ending fund
balance projected to be $146,850.
•Brookview Facility – accounts for the activity of the Brookview Facility with revenue from
room rental and fees for use of the indoor play area with expenditures to support those
functions
•Revenue and expenditures are both projected to be under budgeted amounts, with ending fund
balance projected to be $713,848.
22
Housing & Redevelopment Authority (HRA)
•For 2024, the HRA will collect
revenue from the property tax
levy and a new source of
funding in Local Affordable
Housing Aid (LAHA).
Expenditures include
operations and the purchase
of properties under the HOPE
program. The operating
statement to the left shows
details.
2024 Budget
2024 YTD
Actual
2024
Projected
Variance
to Budget
Operating Revenue
Taxes 284,880$ 143,679$ 280,750$ (4,130)$
State Aid - 68,548 137,096 137,096
Total Operating Revenue 284,880 212,227 417,846 132,966
Operating Expenses
Personnel 189,980 96,706 146,206 43,774
Materials/Supplies 500 - 500 -
HOPE Home Acquisition 315,000 270,000 270,000
Contractual Services 94,400 68,314 70,000 24,400
Total Operating Expenses 599,880 435,020 486,706 68,174
Operating Revenue Over/
(Under) Expense (315,000) (222,793) (68,860) 64,792
Change in Fund Balance (315,000)$ (222,793)$ (68,860)$ 64,792$
Fund Balance at January 1 423,238$ 423,238$
Fund Balance at December 31 108,238$ 354,378$
Housing and Redevelopment Authority Capital Project Fund
Operating Statement
Through September 30, 2024
23
Enterprise Funds
•Enterprise funds operate as business-type activities. These funds sell
products or services outside the organization and use the proceeds to
support operations, capital investments, debt service and transfers.
•There are five enterprise funds at the City – Utility (Water & Sewer),
Storm Sewer, Recycling, Brookview Golf Course, and the Motor Vehicle
fund.
24
Enterprise Funds
•In the snapshot below, you can see the difference between projected
operating gains and projected total change in cash position for the fund.
•Total projected change in cash position includes all expected transfers,
capital, and debt service payments.
Fund
Projected
Operating
Revenue
Projected
Operating
Expense
Projected
Operating
Gain/(Loss)
Total Projected
Change in
Cash Position
Utility 12,663,819$ 8,392,747 4,271,071 (2,648,904)$
Storm Sewer 3,300,000$ 1,157,195 2,142,805 (40,045)$
Recycling 1,131,693$ 1,074,804 56,889 (18,111)$
Brookview Golf Course 4,681,484$ 3,871,707 809,777 563,677$
Motor Vehicle 479,000$ 512,975 (33,975) (93,975)$
25
City of Golden Valley
Financial Status Report
of Select Funds
as of September 30, 2024
26
ExecuƟve Summary
City of Golden Valley Interim Financial Report
as of September 30, 2024
Overall, the City of Golden Valley is in a stable financial posiƟon with planful spending and higher than
expected revenue allowing the City to deliver services in a cost-effecƟve and efficient manner. Moderate
growth is expected in the General Fund cash and fund balances while cash is projected to decrease slightly
in the uƟlity enterprise funds including water, sewer, and storm water. This reflects planned capital
spending and the use of stored reserves to finance capital projects.
This report covers the financial acƟvity of various funds of the City of Golden Valley through September
30, 2024. Once per year, aŌer a complete audit, the City issues official financial statements Ɵtled the
Annual Comprehensive Financial Report (ACFR). Unlike the formality of the fully audited annual report,
this interim report is meant to provide a snapshot of the primary operaƟng funds of the city, comparing
budgets to actual, and providing a projecƟon for year-end revenue and spending.
The report contains a summary of financial acƟvity for the General Fund, certain Special Revenue Funds,
the HRA Capital Project fund, and the City’s Enterprise funds. Generally accepted accounƟng principles
(GAAP) for governments as set forth by the Governmental AccounƟng Standards Board (GASB), require
that different types of funds use different accounƟng measures. While these statements do not strictly
adhere to full GAAP reporƟng, the financial statements and analysis that follow use slightly different terms
depending on the type of fund under discussion and the measurement focus of the accounƟng
methodology we’re expected to use. For a complete lisƟng of the accounƟng principles used in our audited
financial reporƟng, please see Note 1 of the City’s ACFR.
While the City looks forward to ongoing financial stability with a new City Manager and several new
department leaders starƟng in 2024, we remain aware of the external economic influences that impact all
local governments. We expect to close out our American Rescue Plan act spending by the end of 2024
with investments in capital projects and operaƟonal revenue replacement. This is also the final year of the
City’s Pavement Management Program before switching to the Infrastructure Renewal Program (IRP) to
maintain the city’s vital infrastructure assets. The 2025 Budget was proposed to Council in September of
2024 and looks to make investments in employee engagement and training, organizaƟonal and community
strategic planning, and increased operaƟonal costs.
1 27
General Fund Analysis
City of Golden Valley
as of September 30, 2024
Overview
The City’s general fund is used to account for all financial acƟvity not required to be accounted for in
another fund. The fund reports the proceeds of the general property tax levy as well as various fees,
permits, and licenses. We account for the acƟvity of many operaƟng departments in the general fund
including Police, Fire, City Manager, Legal and City Clerk, Finance, Community Development and several
Public Works departments such as Building Maintenance, Park Maintenance, and Streets.
Revenue
The City’s property tax levy comprises approximately 88.4% of General Fund revenue. Taxes are received
from Hennepin County in two payments throughout the year resulƟng in a spike in revenue in July and
December. The remainder of revenues in the General Fund are Licenses, Permits, Fees for Public Works
and Park and RecreaƟon services, and Investment Earnings.
Through September 30, 2024, the General Fund collected approximately 58.5% of budgeted revenue
compared to collecƟng 57.8% of budgeted revenue through the same period in 2023. We are currently
projecƟng that the General Fund will collect 103.0% of budgeted revenue by year-end while total
collecƟons in 2023 were 111.5% of budgeted revenue. The 2024 revenue is projected to exceed budget by
a substanƟal margin in Permits where we’ve already collected nearly twice as much as budgeted. This will
be slightly offset by lower than budgeted property tax collecƟons, consistent with recent historical
collecƟon rates.
Expenditure
The departments in the General Fund operate under a budget adopted by the City Council. Approximately
60.0% of the expenditure budget in the General Fund is dedicated to personnel including salaries,
insurance, and other benefits. In addiƟon, 11.1% of the General Fund budget is for transfers to various
funds to offset the cost of capital improvements and other acƟviƟes. The remaining 28.9% of the budget
is for materials and supplies, contractual services, and charges from other City funds such as vehicle
maintenance.
Through September of 2024, departments in the General Fund have spent 65.6% of the cumulaƟve
budget. By year-end, we’re projecƟng that approximately 94.7% of the budget will be spent as compared
to 92.1% by year-end 2023. We’re projecƟng that nearly every department will finish the year under
budget with the primary driver in most cases being personnel savings related to vacancies and the Ɵming
of hiring staff.
Cash and Fund Balance
The General Fund cash balance as of December 31, 2023, was $25,155,107 and the cash balance as of
September 30, 2024, is $24,289,033. Fund balance at the end of 2023 was $22,499,110 and fund balance
is projected to end 2024 at $24,997,010 or 78.6% of the proposed 2025 expenditure budget.
2 28
Revenues2023 Budget2023 Year to Date2023 Year End Actual 2024 Budget2024 Year to Date2024 Year End ProjectedVariance to BudgetProjected Amount as a Percent of Budget2025 Proposed BudgetProperty Taxes 24,843,020$ 12,435,482$ 24,097,267$ 26,613,525$ 13,427,099$ 25,914,302$ (699,223)$ 97.4% 27,800,845$ Licenses 231,555 218,141 238,758 238,805 272,957 285,000 46,195 119.3% 253,925 Permits 988,650 2,083,957 3,024,263 1,363,650 2,574,023 2,850,000 1,486,350 209.0% 1,739,650 Grants and Fines 175,920 104,943 1,210,562 115,920 151,603 175,000 59,080 151.0% 143,280 Government Fees 10,815 14,959 13,265 10,815 31,424 35,000 24,185 323.6% 16,750 Public Safety35,700 35,277 48,348 36,550 30,385 38,500 1,950 105.3% 44,150 Public Works183,625 156,277 208,702 198,625 140,868 197,500 (1,125) 99.4% 207,300 Park and Recreation210,025 270,014 327,965 315,700 243,486 295,000 (20,700) 93.4% 323,700 Transfers In895,000 650,883 881,647 895,000 577,600 895,000 - 100.0% 895,000 Investment Earnings125,000 128 756,705 125,000 - 125,000 - 100.0% 164,000 Other Revenue169,900 138,194 269,353 197,100 166,194 195,000 (2,100) 98.9% 197,100 Total Revenue 27,869,210 16,108,256 31,076,834 30,110,690 17,615,638 31,005,302 894,612 103.0% 31,785,700 ExpendituresCity Council and Boards429,960 310,248 447,475 314,920 168,472 310,000 4,920 98.4% 324,325 City Manager1,693,715 1,059,116 1,450,002 436,740 524,249 435,000 1,740 99.6% 725,152 Police7,705,215 4,107,919 6,087,127 8,533,560 5,526,507 7,750,000 783,560 90.8% 2,506,743 Fire2,184,600 1,267,436 1,812,500 2,318,220 1,424,151 2,100,000 218,220 90.6% 8,021,047 Legal Services and City Clerk531,240 285,473 387,714 850,795 364,436 825,000 25,795 97.0% 1,023,060 Administrative Services1,306,395 984,129 1,481,514 2,461,185 1,351,482 2,425,000 36,185 98.5% 2,919,046 Communications- - - 462,695 278,991 450,000 12,695 97.3% 546,209 Building Maintenance872,100 711,674 908,327 992,560 612,299 875,000 117,560 88.2% 1,099,082 Park Maintenance1,536,370 1,226,509 1,713,577 1,744,915 1,209,634 1,725,000 19,915 98.9% 1,944,500 Streets2,808,670 2,168,089 2,760,347 2,893,675 1,953,104 2,775,000 118,675 95.9% 3,051,174 Community Development2,383,765 1,600,838 2,186,544 2,610,555 1,610,094 2,475,000 135,555 94.8% 2,985,946 Parks and Recreation1,453,140 972,503 1,241,464 1,528,070 872,609 1,395,000 133,070 91.3% 1,583,750 Finance1,394,040 1,043,544 1,328,134 1,457,800 1,199,054 1,441,400 16,400 98.9% 1,230,666 Insurance370,000 262,790 341,320 380,000 298,043 401,002 (21,002) 105.5% 400,000 Contingencies- - - - - - - 0.0% 150,000 Transfers Out3,200,000 3,200,000 3,515,000 3,375,000 2,531,250 3,375,000 - 100.0% 3,275,000 Total Expenditures 27,869,210$ 19,200,268$ 25,661,043$ 30,360,690$ 19,924,374$ 28,757,402$ 1,603,288$ 94.7% 31,785,700$ Change in Fund Balance(250,000) 2,247,900 - Fund Balance January 122,749,110 22,749,110 24,997,010 Fund Balance December 31 (Projected) 22,499,110$ 24,997,010$ 24,997,010$ As of September 30, 2024Financial Status ReportGeneral FundCity of Golden Valley3 29
2024 Budget
2024 YTD
Actual
2024
Projected
Variance to
Budget
Operating Revenue
Pull Tabs 35,000$ 25,568$ 32,750$ (2,250)$
Fundraisers 11,000 12,936 12,936 1,936
Interest on Investments 400 - 2,000 1,600
Total Operating Revenue 46,400 38,504 47,686 1,286
Operating Expenses
Supplies 11,000 3,593 11,000 -
Allocations 40,000 52,250 52,250 (12,250)
Total Operating Expenses 51,000 55,843 63,250 (12,250)
Change in Fund Balance (4,600)$ (17,339)$ (15,564)$ 13,536$
Fund Balance at January 1 162,414$ 162,414$
Fund Balance at December 31 157,814$ 146,850$
Community Services Commission Special Revenue Fund
Operating Statement
Through September 30, 2024
Status Summary
This fund is used to account for the activity of the Community Services Commission (CSC).
Revenue comes from pull tabs from four business around Golden Valley as well as fundraising
efforts throughout the year. The CSC meets regularly and decides how to allocate resources to
support organizations and programs that address human services needs within the City.
As of September 30, 2024, the CSC has received $25,568 in pull tab revenue or approximately
73.1% of the budgeted amount of $35,000. In addition, the CSC has received more fundraising
revenue than budgeted, collecting $12,936 or $1,936 more than the budgeted amount of
$11,000.
Through September 30, 2024, the CSC spent $52,250 to support various organizations
throughout Golden Valley. There are no more expected allocation payments to other
organizations for the remainder of 2024.
4 30
2024 Budget
2024 YTD
Actual
2024
Projected
Variance to
Budget
Operating Revenue
Banquet Facilities 271,000$ 206,224$ 300,124$ (29,124)$
Catering Rental 18,000 15,743 23,243 (5,243)
Backyard Indoor Play Area 266,500 185,731 188,759 77,741
Total Operating Revenue 555,500 407,698 512,126 43,374
Operating Expenditures
General Area Rooms 432,700 312,794 384,867 47,833
Indoor Play Area 65,570 48,219 59,120 6,450
Total Operating Expenditures 498,270 361,013 443,987 54,283
Operating Revenue Over/
(Under) Expense 57,230 46,685 68,139 (10,909)
Non-Operating Revenue (Expenses)
Capital 285,000 22,580 50,000 235,000
Change in Fund Balance (227,770)$ 24,105$ 18,139$ (245,909)$
Fund Balance at January 1 695,709$ 695,709$
Fund Balance at December 31 467,939$ 713,848$
Brookview Special Revenue Fund
Operating Statement
Through September 30, 2024
Status Summary
The Brookview Special Revenue Fund is used to account for the revenues and expenditures at the Brookview
Community Center facility. The primary sources of revenue are room rental for events and proceeds from fees
for the use of the indoor play area. Primary expenditures consist of personnel, materials, and contractual
services needed to maintain and support the rental rooms and indoor play area. There is also a capital plan to
assist with maintenance of the facility.
Through September 30, 2024, Brookview Community Center collected a total of $407,698 in revenue. This
represents approximately 73.4% of budgeted revenue for the year. Current projections show revenue finishing
the year under budget as a result of lower than budgeted revenue from room rental and catering services.
As of September 30, 2024, Brookview Community Center spent a total of $361,013.The total spending is
approximately 72.5% of the budgeted amount of $498,270. Capital spending through September 30 was
$22,580, only 7.9% of the budgeted amount of $285,000.
5 31
2024 Budget
2024 YTD
Actual
2024
Projected
Variance to
Budget
Operating Revenue
Taxes 284,880$ 143,679$ 280,750$ (4,130)$
State Aid - 68,548 137,096 137,096
Total Operating Revenue 284,880 212,227 417,846 132,966
Operating Expenses
Personnel 189,980 96,706 146,206 43,774
Materials/Supplies 500 - 500 -
HOPE Home Acquisition 315,000 270,000 270,000
Contractual Services 94,400 68,314 70,000 24,400
Total Operating Expenses 599,880 435,020 486,706 68,174
Operating Revenue Over/
(Under) Expense (315,000) (222,793) (68,860) 64,792
Change in Fund Balance (315,000)$ (222,793)$ (68,860)$ 64,792$
Fund Balance at January 1 423,238$ 423,238$
Fund Balance at December 31 108,238$ 354,378$
Housing and Redevelopment Authority Capital Project Fund
Operating Statement
Through September 30, 2024
Status Summary
The Housing and Redevelopment Authority (HRA) Capital Project Fund serves as the main operating fund
of the HRA. Within this fund, we deposit the proceeds of the HRA tax levy and the new for 2024 Local
Affordable Housing Aid (LAHA) from the State of Minnesota. The HRA pays for personnel, materials, and
other operational needs from this fund as well.
Through the first three quarters of 2024, the HRA Capital Project Fund collected $212,227 in revenue,
with $143,679 from the first-half tax settlement and $68,548 from the first-half LAHA payment. The
LAHA revenue was not budgeted for 2024, so total revenue is projected to exceed budget by $132,966
because of that.
As of September 30, 2024, the HRA fund had spent $435,020 including $270,000 for the acquisition of
three properties as part of the HOPE program. The funding for these purchases was a transfer from the
City's General Fund completed at the end of 2023.
The HRA levies taxes to support operations. For 2025, the proposed levy for the HRA is $319,181 to fund
ongoing activity related to economic and housing development.
6 32
2024 Budget
2024 YTD
Actual 2024 Projected
Variance to
Budget
Operating Revenue
Charges for Services 10,675,625$ 8,155,364$ 10,873,819$ 198,194$
Grants 750,000 71,415 100,000 (650,000)
Investment Earnings 100,000 - 100,000 -
Other Miscellaneous 1,558,000 24,067 1,590,000 32,000
Total Operating Revenue 13,083,625 8,250,846 12,663,819 (419,806)
Operating Expenses
Personnel 1,878,925 1,047,861 1,450,000 428,925
Materials/Supplies 323,625 177,061 320,000 3,625
Contractual Services 1,250,850 331,125 1,250,000 850
Water & Sewer Services for Resale 6,030,525 4,127,169 5,227,747 802,778
Vehicle Maintenance Charges 147,775 99,440 145,000 2,775
Total Operating Expenses 9,631,700 5,782,656 8,392,747 1,238,953
Operating Revenue Over/
(Under) Expense 3,451,925 2,468,190 4,271,071 (1,658,759)
Non-Operating Revenue (Expenses)
Debt Service (369,975) - (369,975) -
Capital (8,510,000) (2,606,443) (6,250,000) 2,260,000
Transfers (300,000) (225,000) (300,000) -
Total Nonoperating Revenue (Expense)(9,179,975) (2,831,443) (6,919,975) 2,260,000
Change in Cash Position (5,728,050)$ (363,253)$ (2,648,904)$ 601,241$
Water and Sewer Utility Enterprise Fund
Financial Status Report
Through September 30, 2024
Status Summary
The Water and Sewer Utility fund is used to account for the operational and capital activity of the City's water and sewer
utility services. The fund has outstanding debt related to capital improvements and uses the revenues from charges to utility
customers to fund payments on that debt. The fund also transfers $300,000 to the City's General Fund for various services
provided by General Fund Departments.
As of third quarter 2024, the Water and Sewer Utility fund collected revenue in the amount of $8,250,846 or 63.1% of the
budgeted amount of $13,083,625. Charges for services to utility customers is at 76.4% of the budgeted amount, but both
grants and other revenues are less than expected through September 30. The grants revenue will vary from year to year
based on what is available, and the other revenue includes $1,500,000 of franchise fees that are allocated at year end.
The fund has spent $5,782,656 of operating expenses or 60.0% of the budgeted amount of $9,631,700. In addition the fund
has spent $2,606,443 or 30.6% of the budgeted capital budget and $225,000 or 75.0% of the budgeted transfers. By year
end, it's projected that the fund will be under budget in operations by $1,238,953 and under budget on capital by
$2,260,000.
7 33
2024 Budget
2024 YTD
Actual
2024
Projected
Variance to
Budget
Operating Revenue
Charges for Services 3,345,000$ 2,133,735$ 2,950,000$ (395,000)$
Grants 2,584,000 - - (2,584,000)
Investment Earnings 282,025 - 285,000 2,975
Other Miscellaneous 60,500 - 65,000 4,500
Total Operating Revenue 6,271,525 2,133,735 3,300,000 (2,971,525)
Operating Expenses
Personnel 721,640 419,078 575,000 146,640
Materials/Supplies 62,860 57,926 62,860 -
Contractual Services 496,855 77,592 425,000 71,855
Vehicle Maintenance Charges 94,335 73,881 94,335 -
Total Operating Expenses 1,375,690 628,477 1,157,195 218,495
Operating Revenue Over/
(Under) Expense 4,895,835 1,505,258 2,142,805 (3,190,020)
Non-Operating Revenue (Expenses)
Debt Service (182,850) (156,850) (182,850) -
Capital (7,094,000) (158,334) (1,750,000) 5,344,000
Transfers (250,000) (187,500) (250,000) -
Total Nonoperating Revenue
(Expense)(7,526,850) (502,684) (2,182,850) 5,344,000
Change in Cash Position (2,631,015)$ 1,002,574$ (40,045)$ 2,153,980$
Storm Sewer Utility Enterprise Fund
Financial Status Report
Through September 30, 2024
Status Summary
The Storm Water Utility Enterprise funds accounts for the operation and capital activities of the City's storm
water system. The fund collects revenue through the utility bills to residential and commercial customers as
well as various grants that may be available for use in storm water systems.
Through September 30th, 2024, the fund has collected $2,133,735 from charges to utility customers and no
other revenue. It is projected that year-end revenue will be less than budgeted unless any substantial grants
are received prior to year-end.
The fund has spent approximately 45.7% or $628,477 of the operating budget of $1,375,690 and is projected
to finish the year under budget. In total, the operating activity of the fund is projected to result in an
operating gain of $2,142,805. In addition to operations, the fund will complete its debt service obligations
and transfers to the General Fund. As of this report, the fund is not projected to spend a significant amount
of the capital budget.
8 34
2024 Budget
2024 YTD
Actual
2024
Projected
Variance to
Budget
Operating Revenue
Charges for Services 1,123,980$ 694,365$ 1,050,000$ (73,980)$
Grants 40,000 44,602 44,602 4,602
Investment Earnings 10,000 - 25,000 15,000
Other Miscellaneous 13,000 12,091 12,091 (909)
Total Operating Revenue 1,186,980 751,058 1,131,693 (55,287)
Operating Expenses
Materials/Supplies 11,500 1,983 7,500 4,000
Contractual Services 1,145,600 800,478 1,067,304 78,296
Total Operating Expenses 1,157,100 802,461 1,074,804 82,296
Operating Revenue Over/
(Under) Expense 29,880 (51,403) 56,889 (137,583)
Non-Operating Revenue (Expenses)
Transfers (75,000) (56,250) (75,000) -
Total Nonoperating Revenue
(Expense)(75,000) (56,250) (75,000) -
Change in Cash Position (45,120)$ (107,653)$ (18,111)$ (137,583)$
Recycling Enterprise Fund
Financial Status Report
Through September 30, 2024
Status Summary
The Recycling Utility fund accounts for the City's curbside recycling and organics collection services. The City
contracts for both services and charges users a fee on their regular utility bill. The fund also transfers
$75,000 to the City's General Fund to offset the cost of program administration.
Through third quarter, the fund has collected $751,058 in revenue from users, grants, and other
miscellaneous sources. This represents approximately 63.3% of the budgeted amount of $1,186,980. The
projected revenue for year end is less than budgeted as a result of collecting less revenue from customers
than budgeted. The rate of charges and participating users varies from year to year which can result in over
and under collections in any given year.
The fund has spent $802,461 through September 30 which is 69.4% of the budgeted amount of $1,157,100.
Nearly of that spending was on the contract for recycling and other services as mentioned above. The Fund
is projected to complete the budgeted transfer by year end as well.
9 35
2024 Budget
2024 YTD
Actual
2024
Projected
Over/(Under)
Budget -
Projected
Operating Revenue
Golf Course 1,755,000$ 1,777,666$ 1,961,518$ 206,518$
Golf Pro Shop 490,000 467,844 492,576 2,576
316 Grill 2,700,000 1,902,781 2,109,891 (590,109)
Lawn Bowling/Other 155,000 115,894 117,499 (37,501)
Total Operating Revenue 5,100,000 4,264,184 4,681,484 (418,516)
Operating Expenses
Golf Course 1,834,225 1,391,056 1,802,878 31,347
Golf Pro Shop 187,120 213,192 248,947 (61,827)
316 Grill 2,031,345 1,415,388 1,784,588 246,757
Lawn Bowling/Other 35,835 24,436 35,294 541
Total Operating Expenses 4,088,525 3,044,072 3,871,707 216,818
Operating Revenue Over/
(Under) Expense 1,011,475 1,220,112 809,777 (635,334)
Non-Operating Revenue (Expenses)
Debt Service (111,100) - (111,100) -
Capital (175,000) (9,744) (50,000) (125,000)
Transfers (85,000) (63,750) (85,000) -
Total Nonoperating Revenue
(Expense)(371,100) (73,494) (246,100) (125,000)
Change in Cash Position 640,375$ 1,146,618$ 563,677$ (760,334)$
Brookview Golf Course and 316 Grill Enterprise Fund
Financial Status Report
Through September 30, 2024
Status Summary
The Brookview Golf Course and 316 Grill Enterprise fund accounts for all business-type activities that
take place at the Brookview property related to golf, restaurant, pro shop, and other recreational
activities. The fund also pays debt service on an inter-fund borrowing related to the irrigation system
project and manages capital projects. In addition, the fund transfers $85,000 to the City's General Fund
in 2024.
As of September 30, 2024 the fund has collected $4,264,184 or 83.6% of the budgeted revenue amount.
The fund is projected that revenue will fall below the budgeted amount by year end, finishing with
91.8% of the budgeted amount.
The funds various business operations have spent a total of $3,044,072 or 74.5% of the budgeted
amount of $4,088,525 through third quarter. By year end, the fund is projected to be $216,818 under
budget for operating expenses, primarily in the 316 Grill department. The fund is expected to complete
the debt service and transfer amounts by year end.
10 36
2024 Budget
2024 YTD
Actual
2024
Projected
Variance to
Budget
Operating Revenue
Charges for Services 472,325$ 375,000$ 465,000$ (7,325)$
Investment Earnings 7,500 - 12,500 5,000
Other Miscellaneous 1,500 1,250 1,500 -
Total Operating Revenue 481,325 376,250 479,000 (2,325)
Operating Expenses
Personnel 516,900 359,044 478,725 38,175
Materials/Supplies 2,000 1,247 2,000 -
Contractual Services 37,690 25,196 32,250 5,440
Total Operating Expenses 556,590 385,487 512,975 43,615
Operating Revenue Over/
(Under) Expense (75,265) (9,237) (33,975) (45,940)
Non-Operating Revenue (Expenses)
Transfers (60,000) (45,000) (60,000) -
Total Nonoperating Revenue
(Expense)(60,000) (45,000) (60,000) -
Change in Cash Position (135,265)$ (54,237)$ (93,975)$ (45,940)$
Department of Motor Vehicles Enterprise Fund
Financial Status Report
Through September 30, 2024
Status Summary
The Department of Motor Vehicles Enterprise fund operates a deputy registrar office to issue registration
and licensing of motor vehicles and recreational crafts as well as issuing hunting and fishing licenses. The
rates for most services are set by the State of Minnesota and the DMV remits a majority of registration fees
to the State while maintaining a portion to offset costs. The fund also transfers $60,000 to the General Fund
to offset costs of supporting the DMV.
Through September, 30, the revenue generated is approximately $376,250 which is 78.2% of the budgeted
amount of $481,325. The fund has also spent approximately 69.3% or $385,487 of the $556,590 operating
budget through third quarter.
ff
11 37
EXECUTIVE SUMMARY
Legal
763-512-2345 / 763-512-2344 (fax)
Golden Valley City Council Work Session
November 12, 2024
Agenda Item
5. Council Review of Future Draft Agendas
Prepared By
Theresa Schyma, City Clerk
Supporting Documents
Review of Future Draft Agendas
38
Review of Future Draft Agendas
Meeting & Item Info
November 19, 2024 City Council Meeting - 6:30 PM
1A - Pledge of Allegiance and Land Acknowledgement
Presentation
Proclamation Recognizing Small Business Saturday
New Employee Introductions
Consent - City Check Registers
Approval of City Check Registers
Consent - Licenses
Consent - Boards, Commissions, and Task Forces
Accept Resignation from the Open Space & Recreation Commission
Consent - Bid, Quotes, and Contracts
Approve Change Order #3 for Douglas Drive and TH 55 Pedestrian Underpass and Mini-roundabout Project #20-15
Approve Contract for Tree Trimming and Removal
Approve Contract for Natchez Play Structure
Approve Professional Services Agreement with GovStrategist
Consent - Grants and Donations
Approve Funding Agreement for the Toward Zero Death Grant Program - Resolution
Adopt Resolution No. 24-### to Approve Participation in the Metropolitan Council Environmental Services (MCES) 2025 Private
Property Inflow and Infiltration (I/I) Grant Program
Consent - Miscellaneous
Adopt Resolution No. 24-### for Waiver of Municipal Consent
Adopt Resolution Approving City of Golden Valley Purchasing Card Policy
Variance Extension for 208 Meander Road
Public Hearing
Old Business
New Business
Second Consideration Ordinance Amending Master Fee Schedule
December 3, 2024 HRA Meeting - 6:30 PM
Consent Agenda
GMHC and Dayton's Bluff Neighborhood Housing Services (DBNHS) Consent to Merge
Receive/File Quarterly Reports for Select City Funds - Includes HRA
Public Hearing
Old Business
New Business
Public Comment & Adoption of HRA Budget & Levy
December 3, 2024 City Council Meeting - 6:30 PM
1A - Pledge of Allegiance and Land Acknowledgement
Presentation
Receive/Approve Community Service Commission Allocation Report and Resolution
Proclamation for Human Rights Day
Consent - City Check Registers
Approval of City Check Registers
Consent - Licenses
Cigarette/Tobacco License Renewals
Therapeutic Massage Facility & Individual Therapist License Renewals
Consent - Boards, Commissions, and Task Forces
Consent - Bid, Quotes, and Contracts
Approve MOU with National Fire Safety Council
39
Meeting & Item Info
Approve Cooperative Agreement with BCWMC for Bassett Creek Restoration Project (Regent Ave to Golden Valley Rd)
Consent - Grants and Donations
Annual Grants Report
Consent - Miscellaneous
Annual Designation of Polling Places for Upcoming Election Cycle, Resolution (TBD, only if necessary)
Approve Resolution Granting City Council Consent and Authorization for the Housing and Redevelopment Adopted Tax Levy
Payable in 2024
Approve Resolution Adopting the 2024-2033 Capital Improvement Program
Approve Resolution Adopting the 2024-2025 Budget for Enterprise, Special Revenue and Internal Services Funds
Receive/File Quarterly Reports for Select City Funds - Includes HRA
Public Hearing
Cannabis Zoning Code Amendment
Telecommunications Code Update - zoning
Old Business
New Business
Public Comment & Adoption of Budget and Tax Levy (including Truth in Taxation Hearing)
First Reading of Cannabis Regulation Ordinance
December 10, 2024 City Council Work Session - 6:30 PM
Review Next Year's Legislative Priorities
Annual check in with GVCF
Review Annual Comprehensive Financial Report
Council Review of Future Draft Agendas
December 17, 2024 City Council Meeting - 6:30 PM
1A - Pledge of Allegiance and Land Acknowledgement
Presentation
Presentation of Bill Hobbs Human Rights Award
New Employee Introductions
Consent - City Check Registers
Approval of City Check Registers
Consent - Licenses
Consent - Boards, Commissions, and Task Forces
Consent - Bid, Quotes, and Contracts
Approve Annual Bobcat Trade Out
Approve Contract for Budget Preparation Software
Consent - Grants and Donations
Resolution - Acceptance of Ongoing Donations
Closeout of American Rescue Plan Act (ARPA) Grant Project
Consent - Miscellaneous
Approve Engagement Letter - Auditing Services for Fiscal Year
Set Upcoming Year's City Calendar and Meeting Dates
Approve Employee Handbook Updates
Annual Compensation Grid Update, Resolution
Updated Respectful Workplace Policy, Resolution
Adopt Resolution Approving Social Media Policy
Public Hearing
Public Hearing - Zoning Ordinance Related to Cannabis Regulation and Retail Establishments
Site Plan and Public Hearing Code Amendments
Old Business
40
Meeting & Item Info
New Business
Second Reading of Cannabis Regulation Ordinance and Approving Resolution for Summary Publication
41