Agenda Packets - 2013/03/25 - Laserfiche WebLink

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Financials As Finance Director Beer noted in his annual report, departments across the board spent less than what had been budgeted in a conscious effort to be as prudent and judicious as possible with the public dollars. In the City Council account, 100-4100, 91% of budgeted funds were expended. In the Advisory Committee account, 100-4110, 71% of budgeted dollars were spent. In account 100-4130, the City Administrator account, 98% of budgeted dollars were spent. In the Central Services account, 100-4160, expenditures represented 81% of the budget. The difference in this account an be partially explained by a reduction in billings from Kennedy & Graven from what had been anticipated. (This is a trend we'd like to continue!) And finally, in the Community Development account, expenditures for the year represented 90% of the budgeted amount. This decrease in spending can be explained almost entirely by the turn -over in the Building Official position. The year-end financial reports for the City Administrator, Central Services and Community Development department accounts are attached for your review. Conclusion In Closing, 2012 was a busy year for staff with three resignations and one retirement. The process to replace the building official position took longer than expected yet the interim plan using the temporary inspector and the building official from the City of New Brighton worked surprisingly well. Steve Thorp has been a great addition as the new Building official and Jeremiah Anderson has done a great job picking up the additional duties of Fire Marshal. The City remains hopeful that the economy continues to improve and that the housing market rebounds. We're already seeing a reduction in the numbers of foreclosed and vacant properties and a decrease in available housing in general. A tighter supply will have an effect of increasing values as demand begins to exceed the supply 2013 is anticipated to be the year development returns to the Corridor, as Coventry Senior Living is slated to break ground on their facility this spring, and Appletree Dental is still planning to renovate the former Let's Get Graphic building. Administration and Community Development will continue to work diligently to realize the Council's goal of improving and enhancing the County Road 10 Corridor and we will all continue to provide high quality public services that effectively address changing citizen and community needs in a fiscally responsible and customer friendly manner. Finally, I'd like to thank all the employees who've each contributed to making Mounds View a great place to live, work and play. Their efforts have been tremendous and I appreciate it. James Ericson City Administrator Page 20