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MINUTES <br />CITY COUNCIL <br />NOVEMSER 19~ 1996 <br />Administrator pointed out that after further analysis, <br />he increased the City Attorney portion of the budget to <br />reflect increased gross misdemeanor prosecution costs. <br />Council reviewed employee salaries. It was noted that <br />formal action on the 1997 Budget, including salaries, <br />is scheduled to occur at the December 18th Council <br />meeting. <br />There were no other comments or questions on General <br />Fund Expenses. <br />The City Administrator pointed out that we will be able <br />to fully fund General Fund Reserves due to a transfer <br />of $32,112 from the General Fund to the General Capital <br />Improvement Fund. The Administrator also noted that it <br />is difficult to estimate the dividend the City will be <br />receiving from the League of MN Cities Insurance Trust. <br />However, it has been reported that the dividend will be <br />very favorable this year. This amount will be known <br />mid-December. <br />Morelan asked about the LGA/HACA penalty reimbursement <br />which is a part of the reserve calculation. <br />The Administrator pointed out that this is a <br />reimbursement from Presbyterian Homes to offset any <br />penalties the City will incur in this TIF District. <br />The next area of the budget reviewed was the Parks & <br />Recreation Special Fund. Major changes in this fund <br />are the reduction in the fund balance associated with <br />transfers £or $1.50 per participant administration fee, <br />late registration and non-resident fees. The <br />Administrator reported that the $1.50 administration <br />fee will be a one-time transfer given the number of <br />participants in recreation programs. Late fees and <br />non-resident fees will be posted as they are collected <br />in future years. <br />Council reviewed the General Capital Improvement Fund. <br />The Administrator pointed out that 1997 is the last <br />year of the capital improvement levy. In 1998 and 1999 <br />these dollars will be needed for debt service. In the <br />year 2000 the debt levy will drop by $256,000. At that <br />time the Council will have a number of options to <br />consider, and those options will likely be the subject <br />of future workshop meetings. <br />Fahey noted that the $256,000 is shown as part of the <br />2000 levy. <br />3 <br />