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MINUTES OF THE WORKSHOP MEETING <br />CITY COUNCIL <br />LITTLE CANADA, MINNESOTA <br />SEPTEMBER 14, 2005 <br />Pursuant to due call and notice Chereof a workshop meeting of the City <br />Council of Little Canada, Minnesota was convened on the 14'h day of <br />September, 2005 in the Council Chambers of the Ciry Center located at <br />515 Little Canada Road in said City. <br />Mayor Bill Blesener called the meeting to order at 6:00 p.m. and the <br />following members of the City Council were present at roll call: <br />CITY COUNCIL: Mayor Mr. Bill Blesener <br />Council Member Mr. Jim LaValle <br />Council Member Mr. Rick Montour <br />Council Member Ms. Barbara Allan <br />Council Member Mr. John Keis <br />ALSO PRESENT: City Administrator Mr. Joel R. Hanson <br />Finance Director Ms. Shelly Rueckert <br />Parks & Rec Director Mr. Jim Morelan <br />Public Works Supt. Mr. Bill Dircks <br />City Clerk Ms. Kathy Glanzer <br />200G The Finance Director reported that the goal of this workshop meeting is Co <br />PRELIMINARY review the 2006 Preliminary Budget so that the City can establish its <br />BUDGET preliminary levy amount by the September 15'h deadline. The budget <br />document to be reviewed this evening includes the General Fund, Cable <br />TV Fund, Bonded Indebtedness, Debt Service Summary, General Capital <br />Improvement Fund, 10%o Fund, Infi•astructure Replacement Fund, Water <br />& Sewer Capital Replacement Fund, Park Land Acquisition Fund, and the <br />Gambling Enforcement Fund. The Director indicated, however, that the <br />primary focus of tonight's budget review will be funds that require tax <br />levy support. <br />The Finance Director reported YhaC after the 2005 levy was set, the State <br />again cut the amount of Market Value Homestead Credit for 2005 and <br />2006 in order to deal with state budget deficits. She explained in detail the <br />impact of these cuts, and indicated that the amount of MVHC anticipated <br />for 2006 is less than $5,000 for a reduction of 87.5%. <br />The Director illustrated that havoc that the State's actions have on the <br />City's percentage of levy increases by presenting three 2006 levy <br />projections. The first, Exhibit A, demonstrates what the percentage <br />changes in levies for 2005 and 2006 would have been had the City levied <br />back both the 2005 and 2006 State cuts, Gross Levy increase at 3.63% and <br />