Agenda Packets - 2018/01/02 - Laserfiche WebLink

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Mounds View City Council December 4, 2017 Special City Council Meeting Page 2 1 2 Finance Director Beer reported the public voted in November to add one Police Officer to the 3 Mounds View Police Department. The additional expense for this new position was discussed. 4 He then reviewed the General Fund operating expenditures in further detail. He indicated the 5 General Fund operating expenditures would increase by 5.63% for 2018. 6 7 Finance Director Beer discussed the City's revenues noting the estimated LGA for the coming 8 year was $736,425. He explained the City included 90% of this amount in the budget as a 9 precaution from future uncertainty at the State level. He noted the Fund Balance will be reduced io by $250,000 all from the Levy Reduction Fund. He reviewed the 2017 levy to the 2018 levy 11 noting the expense for the additional police position. He explained the City was looking at an 12 8.87% increase in the levy. He described how the median value homeowner would be impacted 13 by the proposed tax levy. He noted he had a video posted on the City's website to provide 14 further information on the correlation between property taxes and home values. He commented 15 on the levies proposed by neighboring communities and reported Mounds View was on the low 16 end. 17 18 Mayor Mueller questioned what the balance was in the Levy Reduction Fund. Finance Director 19 Beer reported this fund has just over $5.5 million. 20 21 Barbara Haake, 3024 County Road I, asked if the City was proposing an 8.87% increase for 22 2018. Finance Director Beer reported this was the case. 23 24 Ms. Haake questioned if this was due to the new police position. Finance Director Beer stated 25 the General Fund increase was 4.3% and the new police position was 1.86%. 26 27 David Piskorski, 7878 Woodlawn Drive, inquired if staff had a breakdown of the contributions 28 homeowners make to the City through property taxes versus commercial property owners. 29 Finance Director Beer stated he did not have this information within his presentation. 30 31 Mr. Piskorski questioned how long it took new commercial projects to get on the tax rolls. 32 Finance Director Beer explained if a project was completed by June 301h, the County would 33 include it in the tax rolls for the following year. He reported partial values could be taken if a 34 project was only partially complete. 35 36 Mr. Piskorski asked for further information on the fire department cost increases. Finance 37 Director Beer stated the City had an increase in calls for service in 2017, which would lead to 38 higher costs in 2018. 39 40 Judy Elfstrand, 2071 Pinewood Drive, commented on the chart in the recent Mounds View 41 Matters. She asked if residents were taxed based on their home's taxable value or market value. 42 Finance Director Beer reported the County uses the taxable value. 43 44 She reported her property taxes were about $100 more than what she was charged. Finance 45 Director Beer discussed the timing of the financial information and encouraged Ms. Elfstrand to