07-17-84 Council Workshop Minutes

Home Browse Search

MINUTES Ci_ty Counci.l Ju7.y 17, 1.9£S4 Expenditures from these f.unds i.ncreased 53a7% over this same period, Thi.s reflects the Ci.ty's e£forts to improve the reserve balance of. the City's Gener.al Pund. Voto farther reported that the Ci.ty can expect a 19% cut in State Aid £rom the 1983 amount. Voto reported that the City is doing a good job of i.nvesting surplus funds. The reason for the decrease in interest earnin{;s is due to a decrease in yiel.ds. Voto reported [hat the City's taxes r.eceivaUle rate f.or 19II3 was L00%. Voto felt thaC the reason for this was that the City started notif.yin~ delinquent property owners. Also the 1983 coll.ection rate for special assessments ~vas 17.9% as the City pi.cked up some delinquencies. Mr. Voto reported that there was an improvement to Che General Pund during 19£33 of $61,500. Mr. Hanson asked how Little Canada compared to the other cities that Mr. Voto audi.tse Voto reported that in compari.n~; the var~i.ous areas the City's general Eund reserve balance is at par or above average, special assessments the City is on top, assessmene col7.ections the Ci.ty is superior, As far as State Aid goes, the City i.s on the bottom and one o£ the Uig losers in the T~oin Cities group. Mr. Voto repor.ted that the City ~aas showing projected def.i.ci.ts in the 1966-1967 bonds of up to $300,000. However, ~ai.th the non- resident connec[ion charges that have been collected recently, there ~oill be no projected defi.cit. Mre Hanson asked if the City wi7.1. be able to ease up on addi.ti.nnal levies for these bonds< Mr. Voto reported that the City stopped this last year, but now there i.s no question. Voto felt that unless somethin~ drastic happened, the City would be at surpl.uses. Mr. Fahey asked how the City coi.ll pay for spri.nlclering the City Center and Fire Ha11, Scalze stated Chat she thought this would Ue included in a water improvement for this year, The Clerk reported that the City has requestect bids on the outside work. The Clerk thought that there were funds available for the Fise Ha11 in the Pire Truck Tund. Mr< rahey felt that the City coul.d get ~oing on Che bi.ds for the inside worlc as well. The rest of the Council a~reed, The Auditor stated that there should be funds availabl.e for the spri.nlclerin~; oE the Ci.ty Center as well, Mrs< Scalze aslced if Mr. rrattalone wanCed the water Lor his Ar.cade Street project. The Clerk replied that he thought Mr. P'rattalone no Page -1_-