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Mounds View City Council November 22, 1999
<br /> Public Hearing Meeting Page 4
<br /> Finance Director Kessel stated there are two main sources of inter-governmental revenue, which
<br /> include the Homestead and the Agricultural Credit, and also Local Government Aid, which in
<br /> 2000 is $1,324,000, or approximately 35 percent of the City's revenue.
<br /> Finance Director Kessel indicated that other miscellaneous revenues, which include charges for
<br /> such services as copy fees represents approximately $20,000, and fines and forfeitures, the
<br /> majority of which come through the Police Department, are approximately $48,000. He noted
<br /> there are also other revenues, such as interest and transfers from other funds.
<br /> Finance Director Kessel advised that the Water and Sewer Funds pay for some of the City's
<br /> administrative costs, and additionally there are some monies which come from the Vehicle and
<br /> Equipment Fund, off of the cost of some of the equipment that is purchased. He indicated that
<br /> for the year 1999, the total revenue of the City was $3,756,000, and the proposed Year 2000
<br /> revenue is $3,832,000, a two percent increase.
<br /> Finance Director Kessel provided the Council with a graph, which further indicated the origin of
<br /> the City's revenue sources. He explained that the major sources of revenue are general property
<br /> taxes, at 45 percent, franchise fees, at approximately 5 percent, and intergovernmental revenue,
<br /> at 35 percent.
<br /> Finance Director Kessel provided an overview of the General Fund Outlays. He indicated the
<br /> general government is comprised of the City Council, Administration, Central Services, Finance,
<br /> and Community Development, and in the 2000, this budget decreases slightly from 1999. He
<br /> stated Public Safety includes Police and Fire Protection, which increases approximately $35,000,
<br /> and Streets and Highways, which increase to $452,000. Finance Director Kessel indicated that
<br /> the Parks and Recreation budget increases slightly from 1999. He reiterated that the Debt
<br /> Service for the Fire Bonds have continued to decrease by approximately $7,000 per year. He
<br /> advised that the total 2000 Budget is $3,832,000, which is an approximate 2 percent increase
<br /> over the 1999 budget.
<br /> Finance Director Kessel provided the Council with a graph, which indicated there has been a
<br /> $150,000 decrease in the cost of general government during the past two years, and there has
<br /> been a slight increase in the area of public safety.
<br /> Finance Director Kessel stated 28 percent of the City's budget is spent on general government,
<br /> 43 percent on public safety, 12 percent on streets and highways, 11 percent on parks and
<br /> recreation, 2 percent on debt service for the fire bonds, and 4 percent for miscellaneous
<br /> expenditures.
<br /> Finance Director Kessel stated the Council has requested staff consider the possibility of
<br /> decreasing the street lighting charges. He explained that the 2000 Budget, as prepared, does not
<br /> reflect any changes to this fee, however, a proposal to this effect will be brought forward. He
<br /> indicated surface water charges, water rates, and wastewater fees are proposed to remain the
<br /> same as they were in 1999.
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