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• <br />• <br />COUNCIL BUDGET WORK SESSION SEPTEMBER 2,1997 <br />CITY OF LINO LAKES <br />MINUTES <br />DATE September 2, 1997 <br />TIME STARTED • 4:00 p.m. <br />TIME ENDED ▪ 5:22 p.m. <br />MEMBERS PRESENT Council Members Bergeson, Kuether Neal <br />and Mayor Landers <br />MEMBERS ABSENT Council Member Lyden <br />Staff members present: Finance Director, Mary Vaske, City Administrator, Randy <br />Schumacher and Clerk -Treasurer Marilyn Anderson. <br />Staff presented their budget proposals at the August 7th budget work session. The <br />purpose of this meeting is to determine a preliminary budget for certification to the <br />County by September 15th. <br />Since the first budget work session, staff has worked together ' o ., ooperative <br />and creative way to prepare a balanced budget for Counci a ed with <br />three (3) goals in mind: 1) meet goals of the departm he s; in financing for <br />the Village, and 3) tax reduction. <br />Over $1,000,000 in expenditures hav <br />addition, $162,000 was added t <br />balance. Staff plans to pa <br />Staff noted that t <br />franchise fees. St <br />franchise fees. <br />e August 7th budget proposal. In <br />t 997 General Fund reserve fund <br />fu ''d from reserves in the TIF fund balances. <br />roposal does not address road reconstruction or <br />sing to prepare a street improvement plan financed by <br />Ms. Vaske noted that the Truth in Taxation public hearing has been scheduled for <br />December 14, 1997 and the final 1998 Budget will be adopted by the Council at their last <br />Council meeting of the year. <br />Council directed staff to prepare an estimate of the amount of taxes collectable due <br />entirely to the addition of new construction and the automatic increase in property values. <br />Staff noted that Tax Increment Districts 1-1 and 1-2 will be eliminated. This will bring <br />another $120,000 into the general fund. Staff also noted that building permit revenues <br />will continue to decline due to the reduction in new home building permits. <br />Staff presented a handout showing all of the new requests for funding requested by the <br />department heads at the August 7th budget meeting. This list shows the amount of dollars <br />requested for the items and the items proposed by the City Administrator for funding. <br />PAGE 1 <br />