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COUNCIL WORK SESSION NOVEMBER 12, 1994 <br />DATE: <br />TIME STARTED: <br />TIME ENDED: <br />MEMBERS PRESENT: <br />MEMBERS ABSENT: <br />OTHERS PRESENT: <br />MINUTES <br />LINO LAKES CITY COUNCIL <br />BUDGET WORK SESSION <br />NOVEMBER 12, 1994 <br />9:15 A.M. <br />11:00 A.M. <br />Reinert, Neal, Kuether, Elliott, Bergeson <br />None <br />R. Schumacher, M. Vaske, P. Schloer, D. Pecchia, R. <br />Kaulfuss <br />Mr. Schumacher presented to the Council a 1995 General Fund expenditure and <br />revenue summary sheet, and a sheet reflecting the recommended new requests. <br />Mr. Bergeson asked if it was possible to determine how much of the increase in value <br />came from new construction (growth) versus assessed value increase. Ms. Vaske <br />said that the County of Anoka was not able to determine this information. <br />Mayor Reinert stated that he would request that the Council consider moving into the <br />1995 budget gradually, for example, hiring police personnel later in the year versus <br />January 1, so that the 1995 budget wouldn't have the impact of a full years' cost. <br />Mr. Schumacher said that that would be possible, but to be aware that the 1996 <br />budget would have the full impact of a full years cost. Mayor Reinert stated that the <br />Federal government is tuning back and that local governments should also think about <br />doing the same. <br />Mayor Reinert asked if there would be any surplus in 1994. Mr. Schumacher stated <br />that revenues for 1994, specifically building permit revenues, were down <br />substantially. Expenditures were close to on line. Mayor Reinert commented that if <br />revenues were down, the city should look at operations that could be slimmed down. <br />Ms. Kuether agreed with Mayor Reinert, stating that the city should look at areas <br />where cuts could be made. Mayor Reinert suggested that the city put a freeze on <br />spending to figure out what the surplus would be, if any. Mr. Bergeson asked staff <br />to make a year end projection of any available surplus. <br />Mayor Reinert stated that he did not want to raise taxes, and that he preferred using <br />General Fund surplus to finance a portion of the 1995 budget. Mr. Schumacher <br />reminded the City Council that the City has a cash flow reserve policy requiring the <br />City to have adequate reserves on hand which would enable the City to retain its <br />Page 1 <br />1 <br />1 <br />1 <br />