Laserfiche WebLink
'7 C� <br /> PROCEEDINGS OF THE MOUNDS VIEW CITY COUNCIL <br /> CITY OF MOUNDS VIEW <br /> RAMSEY COUNTY,MINNESOTA <br /> Truth in Taxation Hearing <br /> December 6, 1999 <br /> Mounds View City Hall <br /> 2401 Highway 10,Mounds View,MN 55112 <br /> 6:00 P.M. <br /> CALL MEETING TO ORDER <br /> ROLL CALL: Coughlin,Marty, Stigney, and Thomason. <br /> NOT PRESENT: Quick. <br /> 1. Presentation of the Proposed Budget for the Year 2000. <br /> Mayor Coughlin opened the Public Hearing at 6:02 p.m. <br /> Finance Director Kessel stated several weeks ago, staff prepared the Mounds View Matters, and <br /> included inserts relating to the City's 2000 Budget. He explained that the following presentation <br /> is an overview of that material, and is similar to the presentation provided two weeks earlier. <br /> Finance Director Kessel stated the City is comprised of several different funds, the main fund <br /> being the General Fund, which is financed through property taxes and pays for the costs of <br /> Administration, Streets and Street Maintenance, Police and Fire Protection, Community <br /> Development, and Parks and Recreation. <br /> Finance Director Kessel explained that the City's Special Revenue Funds dedicate sources of <br /> revenue for a specific expenditure, and these include the Cable Television Fund, Economic <br /> Development Fund, Recycling, Street Lighting, Surface Water and Lakeside Park <br /> Finance Director Kessel explained there are several Debt Service Funds, which relate to the Tax <br /> Increment Districts. He indicated the Capital Projects Fund, which is Municipal Aid for Streets, <br /> provides construction dollars that can be held, and are required to be utilized within five years. <br /> He explained that the Special Projects Fund represents approximately 1.4 million dollars, and the <br /> interest on that amount is utilized to maintain the City streets, and to finance the Vehicle <br /> Equipment Fund. <br /> Finance Director Kessel stated the City has three Enterprise Funds, which operate similarly to a <br /> business, in that the revenues are used to pay the expenses. He stated the Enterprise Funds <br /> include the Water Fund, Wastewater Fund and the Golf Course Fund. <br /> Finance Director Kessel stated the operations that are financed through property taxes include <br />