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WORKSHOP MINUTES <br />CITY COUNCIL <br />AUGUST 20, 2025 <br />The Finance Director reported that the city's tax collection rate is down in 2025 due to tax petitions <br />being granted. He explained how tax capacity values change and why tax rates are important. <br />Fischer stated he feels that reducing the safety margin down from 2.5% would be ok since there is <br />still a robust fund balance. The Finance Director explained that since the fund budget is well over <br />the recommended amount now, he intends to move about $700,000 into the Capital Improvement <br />Plan budget in order to keep that fund operational. He noted this would still leave plenty of fund <br />balance. Fischer agreed that the safety margin could still be reduced. <br />The Finance Director reviewed some specific budget items for the Council to consider. Fischer <br />recommended leaving the Northeast Youth & Family Services support in the General Fund for now <br />until after the bigger discussion about the 10% Charitable Gambling Fund uses. There was Council <br />consensus to move forward with a compensation study in 2026 and use the fund balance for that <br />cost. The Council had no other changes at this time. Staff is still waiting on more information <br />related to the budget so there will be more discussion over the next few months. <br />Fischer stated that other health and wellness incentives could be looked at, such as offering <br />additional PTO hours instead of financial incentives. <br />There being no further business, the meeting was adjourned at 7:57 p.m. <br />Thomas Fischer, Mayor <br />Attest: <br />f <br />eidi Heller, City Clerk <br />2 <br />