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FORM B-1 2022 ADJUSTMENTS TO BASE BUDGET <br />DEPARTMENT #: 407 FUND:101 <br />NAME:FINANCE <br />4 <br />Account #:4342 Amount (neg if decrease)$160 <br />TRUTH IN TAXATION <br />Description of Adjustment: <br />Benefits if done: <br />Implications if not done: <br />5 <br />Account #:4410 Amount (neg if decrease)($16,500) <br />CONTRACTED SERVICES <br />Description of Adjustment: <br />Benefits if done: <br />Budget will accureately reflect the cost of assessing services. Joint Powers Agreement was approved <br />in December 2017 which covered 2019 through 2023 assessment services. <br />Implications if not done: <br />6 <br />Account #:4452 Amount (neg if decrease)$100 <br />SUBSCRIPTIONS/DUES <br />Description of Adjustment: <br />Increase for Finance Staff professional membership dues. <br />Benefits if done: <br />The City and Finance Department Staff will continue to receive the benefits of membership in professional <br />finance organizations. <br />Implications if not done: <br />Assessment services contract with Anoka County. Service charges are based on the number of parcels, property <br />classification, and improvement status. The decreased rates are made possible through Anoka County's new <br />innovative business process improvements, efficiencies gained via new mass appraisal software, and staffing <br />changes. <br />M.S. 275.065, Subd. 4, states that the cost for administering TNT is to be apportioned to the taxing jurisdictions on the <br />basis of one-third allocation to the county, one-third to the cities and towns and one-third allocated to school districts. <br />Increased number of parcels in which a Truth in Taxation notice must be mailed. Anoka County administers the Truth <br />in Taxation Statutes and the cost was $0.75 per parcel for 2020 notices. With the presumed addition of 160 parcels <br />per year, the City's cost will total $2,060 for 2021 notices to be paid in 2022. <br />25