09-29-88 Council Workshop Minutes

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P4INUTES OF THE WORRSflOP MEFTING CTTY COUNCIL LITTLE CANADA, MINNESOTA 5eptember 29, 19HE3 Pursuant to due ca11 and notice thereof a workshop meeting o£ the City Council of the City of Little Canada, rlinnesota cvas held on the 2~th day of September, 19II8 in the Council Chambers of the City Center located at 515 Little Canada Road in said City, Mayor P~Iichael I. Pakiey chaired the meeting and called it to order at 7:30 p.m, and the following members were present: MEMI~ERS PRESENTc R4ayor hlichael T, Fahey Councilwoman Beverly Scalze Councilman William Blesener Councilman Rick Collova Councilman Jim LaValle ALSO PRESENTa Robert Voto, City Auditor The City Auditor submitted to the Council a document pertaining to the 1989 General Pund IIudget ancl IIoncl Levy Budget, The document was entitled "General Fund Sudget Overview 1989" which consisted of the follo~ving: Exhibit A - Financial Resources (Revenue) 19II8 Budget 51,200,500e 1989 Budget 51,360,000. Finanaial Commitments 193II Budget 51,200,500. 1989 I3udget 51,190,000 transL-ers in 5170,000. Proposed Commitments Total S1,3G0,000. Exhibit B- 19II8 Revenues 31,200,500. 19II9 Proposed Revenues 51,360,000 Increase in local government aid. Exhibit C- General Fund Expenditures 1988 ° $1,059,300. 1989 - 51,190,000. ~xhibit D- Analysis of Bonded Debt Levies Exhibit E- Historical Tax Levies Exhibit F- 5cheduled vs. ~lctual Tax Levies Exhibit G- Estimated Bond Levies 1989-1993 Exhibit H- Graph showing Levies Erom 1985 (5700,000) 1989 (5500,000) Exhibit T- Park Acquisition Funcl (456) Balance 198II S40H,977.00 k2evenue 1989 35.00~, 00 Total $443,977.00 Proposed Expenditures 1989 ~5,000.00 Balance S1II,977.00 Exhibit H - Park Development (455) Balance 198F3 528,781.00 Revenue 1989 318,7H1.00 Total 5347,562.00 ~xpenditures 263,~00,00 Balance SII~I, 362.00 The Proposed Budget for 1989 is 51,190,000 General Fund and 5343,200 Capital Improvement Projects,