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• <br />• <br />COUNCIL BUDGET SESSION AUGUST 24,1999 <br />DATE <br />TIME STARTED <br />TIME ENDED <br />MEMBERS PRESENT <br />MEMBERS ABSENT <br />CITY OF LINO LAKES <br />MINUTES <br />August 24, 1999 <br />10:15 a.m. <br />3:03 p.m. <br />• <br />Council Members Bergeson, Dahl, Lyden (left <br />meeting at approximately 1:20 p.m.) and Mayor <br />Sullivan <br />Council Member Neal <br />• <br />Staff members present: City Administrator, Linda Waite Smith; Administration Director, <br />Dan Tesch; Public Services Director, Rick DeGardner; Community Development <br />Director, Brian Wessel; City Engineer, John Powell; Police Department, Sergeant Kent <br />Strege; Police Department Office Manager, Renee Kaulfuss; Recreation Superintendent, <br />Barry Bernstein; Public Works Superintendent, Tom DeWolfe; Parks Le. • Person, Mike <br />Hoffman; Utility Lead Person, Tim Hillesheim; City Clerk in waitin. ;el Gaustad <br />and Clerk -Treasurer Marilyn Anderson. <br />FRAMEWORK FOR DEVELOPING BUDGET, I r I TH <br />Ms. Waite Smith thanked Ms. Paula Schl <br />preliminary 2000 General Fund Bud <br />Ms. Waite Smith presente <br />revenue projections an <br />balance the budg <br />would equate to <br />Revenue Projecti <br />un for helping her prepare the <br />for preparing the budget including how the <br />e projections were prepared and the method used to <br />tha e proposed 2000 General Fund balanced budget <br />of the 1999 General Fund Budget tax capacity rate by .154%. <br />The State Legislature has extended levy limits for another year and has informed the City <br />of the maximum amount of revenue that can be collected in taxes. <br />The former City Financial Analyst recommended that the City commit $250,000 of the <br />1998 Excess Revenue for payment of an expected TIF penalty in the year 2000. The <br />money was put in the General Fund and staff is recommending that the $250,000 in the <br />General Fund be reallocated to pay for General Fund expenditures in the year 2000 and <br />that the TIF penalty be provided for outside the General Fund levy. <br />Staff is assuming that the building permit revenues will decrease to 1998 pre -storm <br />levels, is recommending a three (3) year schedule of utility rates be prepared before the <br />end of this year and has not factored in potential revenues from additional gas franchises. <br />PAGE 1 <br />