05-13-2020 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL MAY 13, 2020 AMEND 2020 CAPITAL IMPROVEMENT FUND 400 BUDGET & INFRASTRUCTURE CAPITAL IMPROVEMENTS FUND 450 The Finance Director explained that the 2020-2024 Capital Improvement Plan (CIP) was approved in November, and the 2020 CIP projects were included in the 2020 Budget that was approved in December. She stated that since the Budget was approved, there are a few changes to be made to the Capital Improvement Fund 400 Budget and the Infrastructure Capital Improvements Fund 450. The Finance Director explained that the General Capital Improvements Fund has typically accounted for small building improvements, small fire equipment, park improvements, and public works equipment. She reported that the fund receives revenues from many sources including 80% of the Local Government Aid (LGA) and transfers from the General Fund. She stated that there a few budget changes to Administration, Public Works and Parks & Recreation that are being requested. She noted the decrease in fund balance before these changes is $435,012, and with the revisions, the decrease in fund balance is $418,779. The Finance Director explained that streets, trails, and storm sewer projects are funded with the Infrastructure Capital Projects Fund. She stated that the fund receives a portion of the property tax levy and special assessments to fund the projects in this fund. She stated that budget changes are being proposed due to the bids that were received for the construction projects. She noted the decrease in fund balance before these changes is $1,050,690, and with the revisions, the decrease in fund balance is $696,491. McGraw introduced the following resolution and moved its adoption: RESOL UTION NO. 2020-5-66 — APPROVE AMENDING THE 2020 GENERAL CAPITAL IMPROVEMENTS FUND BUDGET & THE 2020 INFRASTRUCTURE CAPITAL .IMPROVEMENTS FUND BUDGET AS PRESENTED IN ATTACHMENT A IN THE STAFF REPORT The foregoing resolution was duly seconded by Keis. Roll Call Vote: Keis/Torkelson/Fischer/Montour/McGraw Ayes (5). Nays (0). Resolution declared adopted. EARLY VOTING FOR 2020 ELECTIONS The City Clerk explained that Staff has began planning for the upcoming 2020 Primary Election on August 11, and the General Election on November 3. She stated that changes were proposed to the Legislature to account for challenges related to the COVID-19 pandemic, however Ramsey County staff has indicated that they do not expect the Legislature will make changes to the overall 2020 election process. 0