HomeMy WebLinkAbout12/04/2000 Council MinutesTRUTH IN TAXATION HEARING DECEMBER 4, 2000
CITY OF LINO LAKES
MINUTES
DATE: December 4, 2000
TIME STARTED: 6:05 P.M.
TIME ENDED: 6:50 P.M.
MEMBERS PRESENT: Bergeson, Carlson, Dahl, O'Donnell, Reinert
MEMBERS ABSENT: None
Staff members present: City Administrator Linda Waite Smith; Finance Director Al
Rolek
FINANCE DIRECTOR PRESENTATION
Rolek distributed and explained a packet of information, beginning with a calendar of
events and activities involved in budget presentation.
Next Rolek explained that the proposed General Fund Budget for 2001 is $6,047,866
compared with a 2000 General Fund Budget of $5,563,672.
Then he reviewed proposed General Fund Revenues, which are projected to increase
8.70%, from $5,563,672 in 2000 to $6,047,866 in 2001. He explained the sources of
revenue and the percentage of the budget they represent: Property taxes — 68.65%; fees
for licenses and permits —11.93%; intergovernmental aid and grants — 6.11%; charges for
services — 4.02%; fines and forfeitures —1.65%; investment income —1.49%; and
miscellaneous sources — 6.15%.
Next Rolek reviewed proposed General Fund Expenditures, which are equal to proposed
revenues. He categorized expenditures into four broad categories: Public Safety —
37.80%; Pubic Services — 31.86%; Administration — 16.67%; Community Development —
13.67%.
Rolek then explained that the City of Lino Lakes receives about 28% of each property tax
dollar paid by a Lino Lakes taxpayer. The Centennial (or other) School District receives
45%, Anoka County receives 22% and other taxing jurisdictions such as the Rice Creek
Watershed District receive the remaining 5%.
He then explained how the City's tax rate is calculated. He reviewed the history of the
tax rate in Lino Lakes and noted it has remained constant since1999. The same rate
raises more revenue, however, because the property valuation in the City increases each
year. He noted the impact of the tax rate on properties valued from $100,000 to
$300,000.
The last item in the presentation was an explanation of the internal loan program the City
uses to purchase equipment and vehicles. These "certificates of indebtedness" in the
amount of $332,030 are proposed to be used for squad cars, fire equipment, and public
works vehicles in 2001.
In response to a question from the City Council, Rolek explained that the City of Lino
Lakes is a net gainer in the State's Fiscal Disparities program. In response to another
question, he explained that to make the budget more accurate, funds had been shifted to
cost centers where they could be most accurately reflected. One example was the City's
quarterly newsletter which used to be accounted for in each department budget. In the
future, the entire cost will be reflected in the Mayor/Council cost center because it is one
of their communication tools.
PUBLIC COMMENTS
Ms. Paulette Desjardins, 250 West Pines, Lino Lakes, told the City Council she can't
understand why property is valued so high in the City. She stated that from a public
relations stand point, it is alarming to hear that money is being shifted (in response to
discussion about the accounting changes discussed in relation to the City newsletter).
Rolek gave her the phone number of the County Assessor who establishes the value of
property in the City. He also advised her to watch for a notice of the Board of Review
meeting in early Spring.
There being no further public comments, the Truth in Taxation hearing was continued to
December 11, 2000 at 6:00 p.m.
These minutes were considered, corrected and approved at the regular Council meeting
held on January 22, 2001.
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Ry-Chel Gaustad, City Clerk John B geso , Mayor
Transcribed by:
Linda Waite Smith