Budget Message City of Golden Valley, Minnesota
2016 - 2017 Adopted Biennial Budget
Adopted December 1 , 2015
City officials
Mayor
Shep Harris
Council Members (at-large)
Joanie Clausen
Larry Fonnest
Steve Schmidgall
Andy Snope
Management Team
Tim Cruikshank, City Manager
Rick Birno, Director of Parks and Recreation
Stacy Carlson, Police Chief
John Crelly, Fire Chief
Chantell Knauss, Assistant City Manager
Marc Nevinski, Physical Development Director
Sue Virnig, Finance Director
Cheryl Weiler, Communications Manager
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Organization ChartI C,
Citizens of
Golden Valley
City Council/
HRA
Board of Zoning Civil Service
Appeals Commission
Environmental Human Rights
Commission Commission
Human Services Open Space&
Fund Recreation Commission
Planning Teen Committee
Commission
City Manager
FinancePhysical
Park&Recreation Development Police Fire
Accounting Golf Maintenance Engineering
Computer Services Golf Operations Inspections
Elections&Voter Recreation Planning
Registration
General Services Maintenance
MotorVehicle
Licensing Park Street Utilities Vehicle
Maintenance Maintenance Maintenance Maintenance
Building Forestry Recycling
Operations
Date: December 31, 2015
To: Mayor and Council
From: Tim Cruikshank, City Manager
Re: 2016 -2017 Adopted Biennial Budget
On December 1, 2015, the Golden Valley City Council approved the proposed biennial 2016-2017
Budget. During the first year of the two-year process, both years' budgets are developed and reviewed.
Only the first year's budget was adopted and the levy was approved by the City Council. The second
year's budget was approved in concept and will be reviewed in detail in 2016. The two-year budget
gives staff and City Council a future picture and the tool to examine impacts from the State Legislature
and economic climate change from property values.
The Budget represents the collective effort of City elected officials and staff, combined with input from
many public meetings, for decisions on providing quality services in Golden Valley. The City remains
on sound financial footing and continues to receive a bond rating of AA1 from Moody's Investors
Services. The City takes pride in the services it offers its taxpayers.
Levy limits were not in place for the 2016 budget process. This allowed the City to increase the transfer
monies from the General Fund to fund the overlay program that would help maintain the street system
in a long-term effective manner as presented with the Pavement Management Program, Additional
monies will be transferred to the building and park improvement funds to maintain the city's buildings
and park infrastructure.
This Budget is a balanced budget and uses no source of fund balance (except for cash flow purposes,
until the tax payments are received in July and December). The General Fund fund balance is
projected to be $9,787,439 as of December 31, 2016. This level will be adequate to finance the City's
cash flow and contingency needs and is equal to approximately 55% of adopted expenditures. The
concept budget for 2017 will need additional property tax revenue in order for it to be balanced and will
be discussed with the upcoming biennial budget for 2017-2018.
Continued work to finish the Pavement Management Program will require additional debt levies for
payment of future bonds. Replacement of the Community Center will be discussed along with future
needs of assets and infrastructure. Maintenance of infrastructure and reinvesting in the City is a high
priority of the Council along with the impact on the taxpayer.
As we look forward to 2016, there are still many challenges ahead. I look forward to working with you in
the coming year to execute this adopted budget.
Sincerely,
Tim Cruikshank
City Manager
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